The Federal Government has issued a directive for the immediate release of 102,000 metric tonnes of rice, maize, millet, and garri from government reserves and the stocks of rice millers to the Nigerian market, to tackle the persistent issue of high food prices
Browsing: Bola Tinubu
“It is an arbitrary order capable of undermining the operational independence of the NNPCL. By this order, Mr. President has wrested control of the finances of the NNPCL and donated the same to the Federal Ministry of Finance and the Central Bank of Nigeria. This is an unprecedented act, without any legal or ethical basis. It is also a violation of the principle of due process in public administration”
Former Nigerian Vice President Atiku Abubakar, has told President Bola Tinubu to note that basic commodities, including a simple stapple – bread, are becoming out of reach for average Nigerians. He says Tinubu’s “economic policies, drawn from a so-called renewed hope agenda, are ironically dashing hopes, creating pain and causing despair.”
The Nigerien military junta has claimed that the Economic Community of West African States (ECOWAS) is not only influenced by certain foreign powers but has also “diverted from its noble missions.” Even as it regrets Nigeria’s role in decimating its exit from the west African bloc.
Former Vice president Atiku Abubakar has chided President Bola Tinubu for enabrking on private visit to France while kidnappers kill a nursing mother and grandmother in Abuja for failing to pay N90 million ransom and two monarchs in Ekiti.
ASHENEWS reports that President Bola Tinubu has approved the “Pulaaku Initiative”, and allocated the sum of N50 billion to the initiative, in its first instance, as non-kinetic solution to deal with insurgency and banditry in the Northern parts of Nigeria.
According to him, “it is inconceivable for the Federal Government to take a loan of $3.3 billion with an interest rate that is not more than 12 per cent, but with estimated repayment amounting to $12 billion”, adding that it is also that “Nigeria’s current Barrels Produced Daily (BPD) is 1.38 million, and according to the Project Gazelle deal, Nigeria is to supply 90,000 Barrels of its daily production, starting from 2024 till it is up to 164.25 million barrels for the repayment of the loan.”
The Katsina Elders’ Forum has warned President Bola Tinubu against the plan to relocate the refurbished airport rescue and firefighting vehicles project of the Umaru Musa Yar’Adua International Airport in Katsina to the South or risk the votes of Northerners in 2027.
The Special Adviser to President Bola Tinubu on Policy and Coordination and Head of Central Delivery and Coordination Unit, Hadiza Bala-Usman, has revealed that ministers who fail to deliver on their mandates will be sacked.
The Senate Committee Chairman on the Army, Ali Ndume has warned President Bola Tinubu that relocating some departments of the Central Bank of Nigeria (CBN) and the Federal Airports Authority of Nigeria (FAAN) headquarters to Lagos, will have political implication.