ActionAid Nigeria (AAN) has urged the Federal Government to undertake a comprehensive and transparent review of all revenue deduction frameworks to ensure accountability, justification, and full public disclosure. The Country Director of AAN, Mr Andrew Mamedu, made the call in a statement on Thursday in Abuja. Mamedu was reacting to recent World Bank findings that over 40 per cent of Nigeria’s federal revenue in recent years had been deducted before distribution to the federal, state, and local governments. He said the development reinforces long-standing concerns over Nigeria’s widening fiscal constraints, rising debt burden, and persistent challenges in public financial management.…
Author: Editor
Governor Dapo Abiodun of Ogun State on Thursday inaugurated the 5.5-kilometre Elega–Miliki–Saje–Bode-Olude Road in Abeokuta. In his address during the inauguration, Abiodun reaffirmed his administration’s commitment to infrastructure development and economic growth across the state. The governor noted that the road traverses Abeokuta North and Abeokuta South Local Government Areas. He explained that the project is part of his administration’s efforts to improve road infrastructure and boost economic activities statewide. He observed that the newly commissioned Elega–Saje corridor has already begun to positively impact the area by improving mobility and increasing commercial activity, particularly at night. To further support businesses…
Nigeria’s headline inflation rate rose to 15.38% in March 2026, up from 15.06% recorded in February, according to the latest data released by the National Bureau of Statistics (NBS). The Consumer Price Index (CPI), which measures the rate of price changes, increased to 135.4 in March from 130.0 in February, reflecting a 5.4-point rise. On a year-on-year basis, inflation was lower than the 27.35% recorded in March 2025, indicating a significant moderation over the past year. A closer look at the data shows that the headline inflation rate increased by 0.32 percentage points compared to February. On a month-on-month basis,…
The recent volatility of the exchange rate at the black market has been linked to fiscal leakages, speculation and arbitrage activities, which far outpace the optimism at the official market. This is according to insights from forex traders and Bureau De Change (BDC) operators who spoke to Nairametrics. They said the over-appreciation of the naira at the official market without corresponding fundamentals has encouraged the proliferation of ungoverned forex channels that are used as a conduit for the diversion of liquidity into the economy. They also attributed this to an imbalance in the market with the demand for foreign exchange still structurally high…
António Guterres has called for serious negotiations between the United States and Iran, warning that respect for international law is being undermined. He spoke to journalists on Tuesday at United Nations headquarters in New York City. Guterres said humanitarian and legal obligations were being ignored in the Middle East and elsewhere, fuelling “chaos, suffering and destruction.” He added that upholding international law would be central to his visit to the International Court of Justice in The Hague. The crisis has caused widespread devastation, disrupted shipping through the Strait of Hormuz, and left thousands of seafarers stranded. “Justice is meant to…
Buba Marwa, Chairman of the National Drug Law Enforcement Agency (NDLEA), has called for strict jail terms without the option of fines for drug traffickers to serve as a stronger deterrent against illicit drug activities. Marwa made the call on Tuesday in Abuja during the unveiling of the National Minimum Standards on the Implementation of the Administration of Criminal Justice Act 2015 and the Administration of Criminal Justice Laws. He noted that experience has shown that allowing fines instead of imprisonment has not deterred traffickers, contributing to the rise in substance abuse. He urged the Chief Judge and Judges of…
Troops of 82 Division, Nigerian Army, under Operation UDO KA, have uncovered an improvised explosive device (IED) and recovered ransom money during operations in Enugu State. This is contained in an operational report released to reporters on Tuesday in Abuja. The report said troops of 82 Division Garrison, alongside 103 Battalion and the Air Component, conducted clearance operations in Ajali Forest, Ezeagu Local Government Area. It said the troops targeted enclaves of the proscribed Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN). According to the report, an anti-tank improvised explosive device was discovered along…
Gov. Babajide Sanwo-Olu of Lagos State has called for institutionalized leadership transition to youths, urging deliberate systems to harness their potential for national development. This is contained in a statement on Tuesday by Mr Gboyega Akosile, Special Adviser on Media and Publicity. Sanwo-Olu spoke at the 2026 Abuja Dialogue held at the State House Banquet Hall, Presidential Villa, where stakeholders examined youth participation in leadership. The summit was organised by the Office of the Vice President with the Lateef Jakande Leadership Academy (LJLA), with the theme “Scaling Excellence: Youth Leadership as Strategic Infrastructure.” He said youth leadership is no longer…
The Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, has commended the 200 million standard cubic feet per day (MMSCFD) gas processing plant project by Southfield Petroleum Ltd. (SPL) in Utorogu, Delta State. Ekpo said this on Tuesday at the groundbreaking ceremony of the project held at the Utorogu gas processing plant site. It was reported that SPL is collaborating with the Nigerian Content Development and Monitoring Board (NCDMB) to address Nigeria’s persistent gas supply shortfall for power generation and industrial growth. He said the development of the 200 MMSCFD gas processing facility would stimulate capital inflow, create…
Gov. Alex Otti says Abia is ready to collaborate with the Abia Association of Nigerian Physicians in the Americas (ANPA) on a structured long-term framework to strengthen healthcare delivery in the state. Otti said this on Tuesday at the official opening of the 2026 ANPA Medical Mission, a five-day medical outreach holding in Umuahia. He said he had directed the Commissioner for Health, Prof. Enoch Uche, and his team to open discussions with ANPA on a structured long-term partnership framework. According to him, the state government wants ANPA involved in the entire spectrum of healthcare delivery, including telemedicine, remote consultations,…