The Nigerian Labour Congress (NLC) has vehemently opposed the intended privatisation of the Transmission Company of Nigeria (TCN), cautioning against its potential detrimental impact on the socio-economic landscape of the country. In response to the Federal Government’s proposal to sell the company, NLC President Joe Ajaero expressed grave concerns, highlighting the perilous consequences this move could inflict upon Nigeria’s power sector and its stakeholders. Ajaero stressed that the envisaged privatisation poses significant dangers and instills apprehension among key players within the power industry. The NLC, therefore, urged all Nigerians to unite against this decision, emphasizing its repercussions on future generations.…
Author: Editor Francis
In its bi-annual report evaluating Nigeria’s economic and social changes, the World Bank forecasts substantial savings for the country, projecting over N11 trillion in savings by 2025 following the removal of fuel subsidies. The report indicates that the subsidy removal, effective since June 1, 2023, is expected to save the government approximately N2 trillion in 2023 alone, accounting for 0.9% of the nation’s total economic output. Despite the removal of the costly fuel subsidy, the Office of the Accountant General of the Federation (OAGF) reveals that the expected increase in net oil revenues did not materialize as anticipated. Formerly costing…
The Economic Community of West African States (ECOWAS), is poised for a pivotal moment as road infrastructure ministers from Benin, Ivory Coast, Ghana, Nigeria, and Togo converge to expedite the realization of the Abidjan-Lagos corridor highway. This six-lane dual carriage highway project, valued at $15.6 billion, is spearheaded by the ECOWAS Commission and is set to revolutionize transportation along the West African coast by linking Abidjan to Lagos via Accra, Lomé, and Cotonou. The upcoming twentieth Project Ministerial Steering Committee Meeting, slated for December 15th, 2023, in Cotonou, Benin, marks a crucial juncture in assessing the project’s progress. This two-day…
The United States continues to prioritize its role in countering this pervasive threat to prosperity, security, and democracy, both domestically and internationally. This commitment was highlighted in the recently released “U.S. Leadership in the Fight Against Global Corruption” fact sheet, underscoring the significance of President Biden’s dedication to countering corruption as a core U.S. national security interest. On the occasion of International Anti-Corruption Day and the two-year anniversary of the United States Strategy on Countering Corruption, the U.S. is hosting the tenth Conference of the States Parties to the United Nations Convention Against Corruption (UNCAC COSP) in Atlanta, Georgia. This…
Governor Sir Similanayi Fubara of Rivers State presented the 2024 appropriation bill to the Edison Ehie-led faction of the Rivers State House of Assembly on Wednesday. This budget, aptly named the ‘Rivers of Renewed Hope and Consolidation Appropriation Bill,’ was submitted to a five-member Assembly presided over by Ehie. This presentation occurred against the backdrop of a series of events, including the defection of 27 lawmakers and the demolition of the State Assembly complex located on the well-known Moscow Road in Port Harcourt. The Governor, undeterred by the recent political shifts and disruptions, took the opportunity to outline the key…
The World Bank has indicated that the Federal Government of Nigeria may still be shouldering the burden of fuel subsidy due to the current non-cost-reflective fuel prices in the country. According to the Lead Economist for Nigeria at the World Bank, Alex Sienaert, the cost of petrol should be approximately N750 per litre, which is significantly higher than the existing N650 per litre being paid by Nigerians. Sienaert made this revelation during his presentation of the Nigeria Development Update, December 2023 edition, titled ‘Turning The Corner (from reforms and renewed hope, to results),’ in Abuja on Wednesday. He emphasized that…
He was present at the foremost moment of creation. Before He commanded the heavens into existence, He has been, hence the question of “Where does He live before creating Heavens?” “No one” can attest when he started He Who is, “Who was,” He who is to come yet again. No mathematical analysis can sum up who exactly he is. He is GOD because He is the centre of ALL things. Everything are because He is. Join us as we reveal this being who created all “Beings” @: Shabach 2023, themed AWAMARIDI – The Unsearchable @; RCCG Solid Rock Parish, Ojodu,…
During the budget defense session on Tuesday, Beta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, raised alarms over the insufficient allocation to her ministry in the proposed 2024 budget, stating that it is inadequate to effectively combat poverty in the country. Edu, along with officials from her ministry and its affiliated agencies, appeared before the Joint National Assembly Committee on Humanitarian Affairs and Poverty Alleviation, chaired by Senator Idiat Adebule. During the session, Edu highlighted that her ministry was assigned an overhead ceiling of N532.5 billion, representing a 28% increase from the 2023 budget to counteract the effects…
Lagos State Governor, Babajide Sanwo-Olu has announced that the state has experienced zero bank robbery for four consecutive years, marking the longest period without such incidents in the last two decades. This remarkable accomplishment was revealed during the 17th Town Hall Meeting on security organized by the Lagos State Security Trust Fund (LSSTF). Governor Sanwo-Olu attributed this success to the continuous review of the state’s security architecture and the implementation of robust surveillance measures to curb organized crimes. Speaking at the event held at Eko Hotel and Suites, Victoria Island, he highlighted the positive impact of the state’s efforts in…
With the ongoing leadership crisis in Ondo State, President Bola Tinubu has issued a directive for the transfer of power to Deputy Governor Lucky Aiyedatiwa. The decision was communicated during a meeting convened by Tinubu on Monday to resolve the prevailing issues. President Tinubu emphasized that the power transition should occur without any conditions, citing the “Doctrine of Necessity” as the guiding principle. The Nation has learned that the transfer of power will be facilitated through electronic signature (e-signature), given the ailing health of Governor Akeredolu, who is reportedly too weak to physically sign any documents. This strategic move aims…
The United States has responded to Uganda’s Anti-Homosexuality Act (AHA) and persistent human rights abuses by implementing a series of actions aimed at promoting accountability and safeguarding the rights of marginalized populations. The White House issued a statement on December 11, 2023, outlining the measures taken in light of the deteriorating human rights situation in Uganda. President Biden, condemning the AHA as a tragic violation of universal human rights, called for the immediate repeal of the act and urged the Ugandan government to respect the rights of all its citizens. The statement highlighted the concerning trend of democratic erosion in…
Ambassador Linda Thomas-Greenfield, representing the United States Mission to the United Nations, commemorated the 75th anniversary of the Universal Declaration of Human Rights (UDHR). Adopted on December 10, 1948, the UDHR established a global standard for human dignity, emphasizing the inherent, equal, and inalienable rights of every individual worldwide. Ambassador Thomas-Greenfield highlighted the enduring significance of the UDHR, which continues to embody foundational principles in international human rights law. The declaration reflects shared aspirations for equality and dignity, irrespective of location or identity, and underscores the responsibility of governments worldwide to promote and protect human rights. In her statement, Ambassador…