FG Reduces Petrol Price From N145 per litre to N130 per litre
The Federal Government may have directed the reduction in the petrol price from N145 per litre to about N130. Minister of State for Petroleum Resources, Timipre Sylva, had last week said the government was in consultation with relevant stakeholders on the possibility of reducing the petrol price following the crash in crude oil prices in the international market. It was learned that the government may have approved the new petrol price after a presentation by Sylva to the ongoing meeting of the Federal Executive Council (FEC) being presided over by President Muhammadu Buhari at the Presidential Villa, Abuja.
Plans to borrow $22.7bn suspended – FG
The Minister of Finance, Mrs. Zainab Ahmed, yesterday, disclosed that the Federal Government has suspended its $22.7 billion external borrowing plans due to current realities in the global economic landscape driven by the fall-outs of the Coronavirus (COVID-19) pandemic. Speaking in Abuja, at the 2020 International Conference on the Nigerian Commodities Market, organized by the Securities and Exchange Commission, SEC, Ahmed stated that the government would not go ahead with the borrowing programme even if it secures the approval of the National Assembly. The Finance Minister explained that the decision of the government to suspend the borrowing was due to
Boko Haram: FG reveals how Nigerians can end insecurity
Secretary to the Government of the Federation, Mr Boss Mustapha, has said Nigerians must uphold the tenets of moral, religious, and cultural values to put an end to terrorist attacks and insecurity in the country. Mustapha, represented by Permanent Secretary SGF office, Dr Amina Shamaki, said this at the Lagos Chamber of Commerce and Industry (LCCI) Security Meets Business Dialogue on Tuesday in Lagos. He identified unemployment as one of the root causes of insecurity, even as he appealed to the corporate world to assist government in providing jobs, NAN reports. Mustapha appealed to Nigerians at individual and family levels
Don’t restore Nnamdi Kanu’s bail, FG tells court
The Federal Government has asked the Federal High Court in Abuja to reject a request by the leader of the Indigenous People of Biafra, Nnamdi Kanu, to restore his revoked bail. Sunday PUNCH on Friday obtained the counter-affidavit filed before the court by the Federal Government to oppose an application filed in April last year by Kanu seeking the restoration of his bail. The Federal Government’s objection to the application was filed by the prosecuting counsel, Mr Magaji Labaran, on January 17, 2020. Kanu, before his disappearance from the country sometime in September 2017, was being prosecuted on charges bordering on
Lack of policy direction by FG weakens Nigeria’s economic outlook, says World Bank
Uncertainty over the direction of the Federal Government’s policies has weakened Nigeria’s economic outlook, according to the World Bank’s January 2020 Global Economic Prospects report. The World Bank in the report projected that the Nigerian economy would grow by 2.1 per cent this year. The projected growth rate was described as ‘subdued’. The predicted growth rate, which the World Bank also put at 2.1 per cent until 2022, is weaker than previous projections made by the Bretton Woods institution. In the report, which was obtained by our correspondent on Monday, the World Bank explained that the Federal Government’s macroeconomic framework
Global Amnesty ignores ICC, commends FG’s effort in tackling threat to humanity
calls ICC to investigate Boko Haram, IMN, others over war crimes Contrary to preliminary examination activities by the International Criminal Court that its prosecutor could press three cases against the Nigerian government, the Global Amnesty Watch (GWA) has commended the Nigerian government for its effort in tackling threats to humanity. The international humanitarian organization made this known on Tuesday in a detailed report opposing ICC's recent report with a view to put issues in proper perspective. Among others, the international tribunal listed Nigeria as one of the countries being probed for alleged war and international human rights crimes. On the
Amotekun: “To hell with you”, Fani-kayode replies FG, Malami
Femi Fani-Kayode, a former Minister of Aviation has attacked the Federal Government of Nigeria for describing the ‘establishment of Amotekun’ as illegal, through a statement recently credited to the Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN). Starnews had reported that the FG through Malami said that: “the setting up of the paramilitary organization called “Amotekun” is illegal and runs contrary to the provisions of the Nigerian law”. Though he didn’t mention names, but apparently reacting to the statement credited to Malami, on Thursday, through his verified Twitter page, Fani-Kayode wrote: “You killed Funke Olakunrin &
Operation Amotekun is illegal, says Malami
Please ignore Malami, Sagay tells SouthWest Govs The Federal Government has described as illegal the newly launched South-West security outfit codenamed, Amotekun. The Attorney-General of the Federation, Abubakar Malami (SAN), who is the chief law officer, said security remains the exclusive preserve of the Federal Government. In a statement signed by the Special Adviser to the AGF on Media and Public Relations, Dr. Umar Gwandu, he said the outfit was illegal. The statement read in part, “The setting up of the paramilitary organisation called Amotekun is illegal and runs contrary to the provisions of the Nigerian law. “The Constitution of
FG interference threaten Operation of Amotekun – Report
There were strong indications on Wednesday that intrigues among South-West governors and interference by the Federal Government were threatening the Western Nigeria Security Outfit codenamed Operation Amotekun (leopard), a report by the Punch has revealed. The PUNCH gathered that although all the South-West governors agreed to set up the security outfit at a summit organised by the Development Agenda for Western Nigeria in June last year, some of them had started developing cold feet. The summit, which was attended by the governors, traditional rulers and other stakeholders in the South-West, was convened following serial killings and kidnapping in the zone
Dasuki, Sowore to celebrate Christmas at home as FG releases them
The Federal Government has ordered the release of former National Security Adviser (NSA) Sambo Dasuki and convener of online #RevolutionNow, Omoyele Sowore. The Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami made this public in a statement on Tuesday. Malami said the decision to release them was in compliance with the bail granted the two by the court. Read Also: Judge declines to hear Sowore’s case as protesters clash in Abuja “The two defendants are enjoined to observe the terms of their bail and refrain from engaging in any act that is inimical to public peace
