Reps Moves Legalise Use Of Indian Hemp, Cites Economic Benefits
The House Of Representatives is set to legalise the use of Indian Hemp in the country for economic benefit. Spokesperson of the House of Representatives, Hon. Benjamin Kalu said this during a press conference on the benefits and opportunities of Cannabis in Akure, Ondo state capital Kalu said that the House of Representatives has concluded an arrangement to organize a two-day...
Government Agencies Agree To End Fuel Scarcity
Federal Government agencies and petroleum marketers have undertaken to end the crippling shortage of petrol across the country that has seen pump prices hit N285 per litre. Speaking after a meeting at the Nigerian National Petroleum Company Limited, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, in Abuja on Thursday, the operators said the depots would work for 24 hours...
Nigeria’s Debt Stock Hits ₦39.6 Trillion In 11 Months
Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that the government borrowed N6.7tn between January and November 2021, according to a copy of the presentation obtained by our correspondent. The new borrowing in...
Abia To Establish Business School As Ikpeazu Advocates Sustenance Of Igbo Apprenticeship System
Governor of Abia State, Dr Okezie Ikpeazu has announced that Aba Business School will soon be established to groom younger Igbo entrepreneurs. The Governor stated this while speaking at the Aba Business and Leadership Summit and Awards 2021 which held at the Aba Sports Club with the theme: "Transferring Tested and Proven Business Models to the Next Generation". The Governor also...
Buhari’s Policies Responsible For Hunger In The Land, Don’t Blame Tinubu — Oshiomhole
Nigerians are still bearing the effects of the policies of ex-President Muhammadu Buhari, Adams Oshiomhole, senator representing Edo North Senatorial District, has said. Some of the policies introduced by the President Bola Tinubu-led government have led to hardship, especially the removal of petrol subsidy, which tripled the pump price of fuel. But the president has repeatedly told Nigerians that there were...
President Buhari Appoints Araraume, Okadigbo, Kyari Into NNPC Board [LIST]
Nigeria’s President, Muhammadu Buhari has appointed 9 people into the board of the Nigerian National Petroleum Company Ltd. It can be recalled that the President ordered on Sunday, that the NNPC should be fully incorporated in line with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited...
Buhari Presents N20.5 Trillion 2023 Budget To National Assembly
President Muhammadu Buhari has put the total budget estimate for 2023 at N20.5 trillion. Out of this, the government is budgeting about N6 trillion for debt servicing in 2023. He however said that the 2023 proposals reflect the serious challenges facing the country. He said the policy of government is designed to ensure strategic thinking in government performance in 2023. The President said...
No Plan To Introduce New Taxes In 2021- FG
The federal government says it has no plan to introduce new taxes or increase current taxes in 2021. Zainab Ahmed, minister of finance, budget and national planning, disclosed this on Friday, at a public hearing organised by the house of representatives committee on finance in Abuja. The minister said rather than increase taxes, it is making efforts to reduce tax burden...
Food Prices Increasing, Household Incomes Not Steady – NBS
The National Bureau of Statistics (NBS) says prices of most food items increased in November 2020, while income remains unsteady for many households across Nigeria. According to NBS report, titled: ‘Selected food prices watch (November 2020)’, average prices of one dozen of agric eggs (medium size) increased year-on-year (YoY) by 6.64 per cent and month-on-month (MoM) by 1.42 per cent...
Why I Seek Fresh N2.3tr Loan — Buhari
President Muhammadu Buhari, yesterday, wrote the National Assembly for approval to borrow fresh $6.183 billion (N2.343 trillion) to fund the 2021 budget deficit of N5.602 trillion. Titled “Request for the resolution of the National Assembly to the implementation of the new external borrowing of N2.343 trillion, which is about $6.183 billion in the 2021 appropriation Act” and addressed to the...
