The Federal Government has revealed that more than 68 percent of electricity consumers across Nigeria are illegally bypassing their prepaid meters to consume power without payment. This was disclosed in Abuja during the fifth annual conference of the Power Correspondents Association of Nigeria (PCAN), where experts in the energy sector expressed concern over the worsening liquidity crisis in the nation’s power industry. Managing Director of Mainstream Energy Limited and board member of the Nigerian Independent System Operator (NISO), Audu Lamu, said Nigeria’s economic hardship has made it difficult for many…
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“Hold your Govs., LG Chairmen accountable”, APC Chairman urges Nigerians
…Says governance, development starts from grassroots The National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, has urged Nigerians to broaden their expectations of governance beyond the Federal Government, insisting that state governors and local government chairmen must also be held accountable for the nation’s progress and citizens’ welfare. Speaking during a media interaction at the APC National Secretariat in Abuja yesterday, Prof. Yilwatda said it was unfair and politically myopic for Nigerians to heap all the blame for the country’s economic difficulties on President Bola Tinubu’s administration,…
Read MoreNigerians dismiss FG’s claim of ₦330bn cash transfers as “fraudulent, baseless’
The Federal Government’s claim that ₦330 billion has been disbursed to vulnerable Nigerians has sparked outrage, with citizens branding the announcement fraudulent, exaggerated, and completely lacking in transparency. Recall that the Finance Minister and Coordinating Minister of the Economy, Wale Edun told newsmen in Abuja on Wednesday that the Government had paid 8.5 million households at least ₦25,000 each under a World Bank–backed cash transfer programme. According to him, the payments were made through the National Social Safety-net Coordinating Office (NASSCO), funded by an $800 million facility, with beneficiaries identified…
Read More“Benue, Osun, Abia; poor Nigerians are the same everywhere” — Baba-Ahmed
Former Special Adviser on Political Matters in the Office of Vice-President Kashim Shettima, Dr. Hakeem Baba-Ahmed, has stated that poverty and socio-economic realities transcend ethnic and regional divides, saying poor Nigerians are the same everywhere. In a recent interview, Baba-Ahmed, who made a strong case for a fundamental reorientation of Nigeria’s national identity, lamented that political elites continue to exploit Nigeria’s pluralism, keeping citizens disunited for their own gain. To counter this, Baba-Ahmed emphasised Nigeria’s reality, saying: “Yet the Kanuri poor are the same as the poor in Benue, Osun…
Read MoreNigeria bids farewell, as former President Buhari is laid to rest in Daura
Nigeria, yesterday, bid an emotional farewell to one of its most iconic leaders, former President Muhammadu Buhari, who passed away on Sunday afternoon at the age of 82 in a London clinic. Following days of national mourning and a solemn state funeral, his remains were laid to rest at his residence in Daura, Katsina State, in accordance with Islamic rites. Buhari, who served as Nigeria’s military Head of State from 1983 to 1985 and later as the country’s democratically elected President from 2015 to 2023, was remembered by leaders at…
Read MoreUS halts long-term visas for Nigerians
…Limits non-immigrant’s to 3-month validity, one-time entry The United States (US), has announced a major change to its visa policy for Nigeria, reducing the validity period and entry allowance for most non-immigrant and non-diplomatic visas issued to citizens. In a statement on Tuesday, the US embassy in Nigeria said most of the affected visas will now be limited to single-entry with a three-month validity period. The change takes immediate effect. However, the embassy said visas issued before July 8 will remain valid under their original terms. It noted that the…
Read MoreHardship: Nigerians cry out, as cost of food items soars
Nigerians have cried out over escalating cost of common perishable and preservable food items across various markets in Niger State. This is coming barely few months after the State government inaugurated a Price Control committee to check excesses of foodstuff merchants and middle-men, whose activities is adding to the rise in cost of not not only food items but goods and services from the farms to the end users. Published findings indicate that the least in quality of standard mudu of local rice and beans (containing ten milk cups) is…
Read More“Politicians, IMF, World Bank driving Nigerians towards Venezuela” Ali Ndume
Senator representing Borno-South, Ali Ndume, has accused politicians, the International Monetary Fund (IMF), and the World Bank of contributing significantly to Nigerias economic woes. Speaking during an interview on a television programme yesterday, Ndume warned that their actions are pushing the country toward a crisis similar to Venezuelas. The senators remarks reflect his criticism of external economic policies and domestic political mismanagement, which he believes have combined to worsen the countrys economic challenges. Ndume emphasised the need for a more self-reliant and locally driven approach to economic reforms, urging leaders…
Read More‘Reject World Bank advice or risk implosion’ – Nigerians warn Tinubu
Say, many people on the streets are walking corpses Nigerians from different strata of life have warned President Bola Tinubu that he would face the threat of implosion by angry citizens should the Federal Government go ahead with the World Banks advice to sustain the prevailing stinging reforms for the next 10 to 15 years. Recall that last Tuesday, the World Bank Senior Vice-president, Indermit Gill, declared in Abuja at the Nigeria Economic Summit, among others, that it would take at least 10 or 15 years for President Bola Tinubus…
Read More“Your money is safe in banks”, CBN assures Nigerians
The Central Bank of Nigeria, (CBN), has affirmed the safety of funds in Nigerian banks, emphasising the stability of the countrys banking sector. This comes in the wave of false news reports targeting Guaranty Trust Holding Company Plc (GTCO) business activities, financial results, and executive management. According to a statement issued by its Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, yesterday, the CBN emphasised its commitment to the stability of the countrys financial system, highlighting that regular stress tests are conducted to identify potential vulnerabilities in banks. This…
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