Former member, Anambra State House of Assembly, Chief Boniface Okonkwo has described motorcyclists operating in the state as law abiding citizens favourably disposed to contribute their quota to growth of Internally Generated Revenue of the state. Okonkwo stated this during the inauguration of State Executive of Motorcycle Operators Union of Nigeria (MOUN) at the Southeast
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ANAMBRA STATE INTERIM RESPONSE TO CUSHION THE EFFECTS OF ECONOMIC CHALLENGES – SOLUDO
Prof. Charles Chukwuma Soludo, CFR Nigeria is undergoing fundamental re-setting of the macroeconomic framework. The long overdue disruptive change (especially the removal of subsidy on PMS and reduction of distortions in the exchange rate) comes with certain hardships on all the residents of Nigeria. Governments at all levels in Nigeria have shown a keen commitment
Read moreAnger, frustration in Anambra over hike in pump price of petrol
The populace in Anambra State were thrown into anger and high level frustration yesterday as commuters and motorists were hit by the sudden hike in the pump price of Premium Motor Spirit commonly called petrol from N530 to N650. The development was followed by panic buying from motorists and other users in anticipation of further
Read moreSubsidy Removal: Provide Palliatives for residents – Civil Society urges Soludo
Anambra Civil Society Network (ACSONET) a foremost Citizens and stakeholders group, has enjoined Governor Charles Chukwuma Soludo of Anambra State to alleviate the effects of fuel subsidy removal on the citizens, through provision of palliatives and other social safety nets. Leader of the group, Prince Chris Azor who gave the advice while contributing to issues
Read moreAnambra’s Path to Economic Prosperity: Exploring the Impact of the 2023 Constitutional Amendments
By: Augusta Nneka Last month, President Muhammadu Buhari signed three Constitutional Amendment Acts seeking to move some items from the Exclusive Legislative List to the Concurrent List in the Constitution. According to the 1999 Nigeria Constitution (as amended), the Exclusive Legislative List contains items only the National Assembly can legislate on; while items on the
Read morePDM, PTI responsible for country’s worst economic situation – Sirajul Haq
…Demands that elections be held on the same day across the country KHYBER: Jamaat-e-Islami (JI) Ameer Sirajul Haq on Sunday demanded to conducted nationwide elections across the country under the independent judiciary, election commission and an impartial establishment. Speaking at a public gathering in held in Bara tehsil of district Khyber “themed Khyber Peace Gathering
Read moreNigeria now a mendicant nation, resorting to begging for survival – Ngige
…says oil theft has made Nigeria become a mendicant nation The Minister of Labour and Employment, Dr Chris Ngige, has said that oil theft has made Nigeria become a mendicant nation, resorting to begging for survival. The Daily Vendor reports that Ngige also attributed the menace of crude oil theft to the worsening unemployment situation
Read moreGroup raises alarm over Nigeria’s huge debt profile
…says Nigeria may become bankrupt because of her huge debt profile. The Civil Society Legislative Advocacy Centre (CISLAC) has raised the alarm that Nigeria may become bankrupt because of her huge debt profile. The director of the group, Auwal Rafsanjani expressed the concernspoke in Abuja on Thursday. The activist called for the activation of relevant provisions
Read moreDepleted Economy: I’m sorry for Buhari’s successor, says deposed Emir
‘Sanusi said Nigeria’s economy has been tied to the oil and gas sector and subsidy removal is fast mitigating the economy’s growth’ The deposed Emir of Kano and vice chairman, Kaduna Investment Promotion Agency, Lamido Sanusi, has expressed his compassion for the successor of President Muhammadu Buhari due to the perceived depleted state of the
Read moreWe have played critical role in rescuing the nation’s economy from total collapse – Malami
The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN) has said that his ministry has played a critical role in rescuing the nation’s economy from total collapse. The attorney-general also said the ministry has also aided the fight against the twin malaise of insecurity and corruption. The minister stated this
Read moreHunger and extreme poverty caused by APC’s bad management of Nation’s resources – Okowa
The Delta State Governor, Dr. Ifeanyi Okowa says rising hunger and poverty in the country was caused by poor management of the nation’s economy by ruling All Progressives Congress (APC). Okowa who also the vice presidential candidate of Peoples Democratic Party (PDP), said Nigeria was troubled because people were hungry and out of job due
Read moreNigeria’s oil production drops to 972,000 barrels in August – OPEC
Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes of crude during the review month, the Organisation of Petroleum Exporting Countries has said. OPEC disclosed this in its September 2022 report, confirming the figures released recently by the Nigeria Upstream Petroleum Regulatory
Read moreWorld Bank ready to support Nigeria phase out regressive fuel subsidies – Malpass
The World Bank Group President, David Malpass says the bank is ready to support Nigeria in phasing out regressive fuel subsidies while increasing social assistance for the poor and vulnerable. He also stressed the need for a unified exchange rate in Nigeria, which would significantly improve the business-enabling environment in Nigeria, attract foreign direct investment,
Read moreContribution of Aviation sector to GDP dropped by 61 percent, sources reveal
Sources say that the foreign exchange and fuel crises that have plagued the aviation sector seem to have led to a decline in the sector’s contribution to the Gross Domestic Product by 61.47 per cent. The nominal GDP output of the sector crashed from N84.73bn in the first quarter of 2022 to N32.65bn by the
Read moreWe will reveal identities of big men behind oil theft in Nigeria – Presidency
The office of the National Security Adviser (NSA) would soon reveal the identities of highly placed Nigerians behind oil theft in the country. The Senior Special Assistant to President Muhammadu Buhari on Media and Publicity, Garba Shehu disclosed this when he appeared on a Trust TV programme. Shehu revealed that security operatives recently raided locations
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