Buhari Warns Agitators Says He Won’t Bow To Pressure
The Presidency has responded to the recurring threats to the corporate existence of the country. Presidential spokesman, Garba Shehu, in a statement, warned those giving specific timelines for President Muhammadu Buhari to either do one thing or another or risk the nation’s breakup. The General Overseer, the Redeemed Christian Church of God, Pastor Enoch Adeboye, had on Saturday reportedly said: “It is either we restructure, or we break up, you don’t have to be a prophet to know that. That is certain – restructure or we break up.” But Shehu warned that “such unpatriotic outbursts are both unhelpful and unwarranted
COVID-19: Buhari seeks IMF support for developing countries
The President, Major General Muhammadu Buhari (retd.), has called for the reallocation of unused International Monetary Fund’s reserve assets also known as Special Drawing Rights currently held by developed countries to support COVID-19 recovery efforts in developing economies. The President, represented by Vice President Yemi Osinbajo, made the call on Tuesday at the virtual high-level meeting of Heads of State and Government on financing the 2030 Agenda for Sustainable Development in the era of COVID-19 and beyond. Osinbajo’s spokesman, Laolu Akande, disclosed these in a statement on Tuesday. The SDR is an international reserve asset created by IMF to supplement
Fresh World Bank, AfDB, IDB loans may raise Nigeria’s debt to N31.7tn
fresh loan disbursements expected from the World Bank, African Development Bank and Islamic Development Bank may raise Nigeria’s total public debt stock to N31.699tn in coming months. Nigeria currently expects about $1.844bn (N699.1bn at N379/$ official exchange rate) from the three financial institutions, Sunday PUNCH gathered from the Debt Management Office in Abuja. On September 10, 2020, Sunday PUNCH reported that Nigeria’s public debt stock, as released by the DMO, rose to a total of N31.01tn at the end of June, indicating that in the last five years under the President, Major General Muhammadu Buhari (retd), the country’s debt rose
FG To Civil Servants : Do Not Join Labour Strike
The Federal Government has warned civil servants against participating in the planned nationwide strike called by the organised Labour. The Nigeria Labour Congress (NLC), Trade Union Congress (TUC), and its affiliate unions had called on workers to embark on an indefinite industrial action on Monday over the price of petrol and electricity tariff. But in a statement issued on Saturday, the Head of Service of the Federation, Dr Folasade Yemi-Esan, asked civil servants to be at work, saying the government is engaging with the union officials over the issue. “Accordingly, all officers on grade level 12 and above and those
Nigeria’s 60th Independence Celebration Will Be Low-Key – FG
The Federal Government has reiterated that the nation’s 60th independence anniversary celebration will be low-key. The Minister of Information and Culture, Lai Mohammed, who disclosed this while briefing journalists on Thursday, in Abuja, said this is not unconnected from the COVID-19 pandemic. “The 60th independence anniversary celebration will be low-key just as the President has already announced. This is not unconnected from the global COVID-19 pandemic which has forced some safety protocols on nations around the world,” he said. The Minister said that the celebration will last for a period of one year and end September 31, 2021. He explained
P&ID: UK Court gives FG permission to challenge contract award
The UK Court has delivered a judgment, granting the Federal Republic of Nigeria (FRN) permission to proceed with its challenge to the $10 billion arbitral award made against it about three years ago. Dr. Umar Gwandu, the Special Assistant on Media and Public Relations to the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN) disclosed this on in a statement made available to newsmen on Friday. According to the statement, the Court has allowed the FRN to challenge the contract award, well outside the normal time limits, due to the exceptional circumstances where the FRN has
FG no longer fixing petrol price – timipre sylva
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated that the federal government is no longer fixing the pump price of petroleum products in the country.Sylva made this known while briefing newsmen on the increase in the pump price of Premium Motor Spirt (PMS), also known as petrol. Recall that the Petroleum Products Marketing Company (PPMC) had on Wednesday announced a new Ex-depot price of N151.56 for petrol. Ex-depot price is the price marketers buy products from depot owners. An increase or decrease in ex-depot price has effect on the pump price of petrol. “Government is no
FG, National Assembly bringing rejected water bill through the back door, says Soyinka
Bill will give President absolute control of water resources across Nigeria —Playwright Playwright and social critic, Prof Wole Soyinka, has faulted attempts by the Federal Government with the connivance of the National Assembly to return the National Water Resources Bill rejected by the public in 2018. There were reports that that the House of Representatives on July 23, 2020, referred the National Water Resources Bill 2020 to a “committee of the whole,” for third reading and passage. Soyinka, in a statement on Thursday titled, ‘MLK’s mighty stream of righteousness,’ kicked against the return of the bill and the killing of
Borno Attacks: Flush Out Boko Haram From Lake Chad- Senate To FG
The Senate has asked the Federal Government to urgently deploy more military personnel and operatives of other security agencies to flush out Boko Haram insurgents from the Lake Chad region. This request followed a ‘Point of Order’ raised by Senator Abubakar Kyari during plenary on Thursday in the Senate Chamber of the National Assembly in Abuja. Senator Kyari, who represents Borno North senatorial district, drew the attention of his colleagues to fresh Boko Haram attacks that have led to the death of scores of people in his state. The emotional lawmaker narrated how the insurgents recently invaded villages in Borno,
Ganduje cries out to Buhari for help over COVID-19
Governor Umar Abdullahi Ganduje of Kano State has openly cried out to the Federal Government to come to the rescue of the state in its fight against the novel coronavirus. Governor Ganduje said, “Despite our population with less economic power than Lagos State, which is economically viable, the federal government didn’t give any support while our positive cases continue to rise.” The Governor lamented that the state was over-stretched and required urgent support from the central government. Speaking while receiving the Director General of Nigeria Center for Disease Control, NCDC, Chikwe Ihekweazu, who was in Kano on sightseeing, Ganduje said