By Moshood Oshunfunrewa President Bola Ahmed Tinubu’s persistent borrowing for non-productive recurrent expenditures and social activities raises serious concerns about the sustainability of Nigeria’s growing domestic and international debts. To underscore this issue, we must first examine the stark statistical facts that illuminate the precarious nature of the nation’s fiscal situation. Nigeria’s debt profile has been on the rise over the past decade. The nation’s debt stood at $22.7 billion in 2009 but has skyrocketed to over $87 billion by the end of 2020, according to data from the Debt Management Office (DMO). While debt can be a useful tool…
Author: Khadijah Olowode
Football fans in Surulere and adjourning areas would in the coming season enjoy club football as Club 1472 berths in the Sportscity. Founded by United Kingdom based Fintech entrepreneur, Mr Dozy Mmobuosi, the club will be officially unveiled to Lagosians in style on Saturday, 4 November, 2023. Chief Executive Officer of Club 1472, Dr. Segun Sanni said the format adopted to unveil the club to fans was carefully planned to take the team to the people. “We would be starting a procession from the area that has traditionally hosted sports grounds in Lagos, which is Teslim Balogun Stadium, the former…
The Nigerian Association of Liquefied Petroleum Gas Marketers has accused terminal operators of incessantly increasing the price of gas, exploiting and limiting its availability to Nigerians. The marketers, led by the association’s president, Oladapo Olatunbosun on Monday, 30 October, 2023, told the Senate that the Nigeria Natural Liquefied Gas has been consistent with its supply but the cabals have disrupted the availability of gas to Nigerians. Olatunbosun labelled some of the marketers as the cabals who were buying the product cheaply from the source and selling it at a very high price to them. Olatunbosun explained, “The cabals are making…
Scores of Lawyers and Activists, on Wednesday, 1 November, 2023, called on President Bola Ahmed Tinubu and relevant authorities to caution desperate politicians blackmailing Nigeria’s security agencies for selfish, sinister motives, saying that the Social Democratic Party and its governorship candidate in Kogi State should be particularly called to order. The Activists, under the aegis of Lawyers and Activists for Good Governance, who have been in the struggle against bad governance for over 16 years, called on security chiefs in the country to caution and deal appropriately with politicians that have continued to drag security agencies into the dirty arena…
Nigeria has supported the two-state solution to the crisis between Israel and Palestine. Nigeria which have since been calling for de-escalation of the battle in Gaza between Hamas and Israeli force, on Tuesday through her Foreign Affairs Minister, Ambassador Yusuf Tuggar, said the advocated two-state solution should be enforced to allow for both Israeli and Palestinian states. The Minister made the call while speaking with the press after a meeting with the Palestinian Ambassador to Nigeria, Abdallah Abu Shawesh, on Tuesday evening. He said Nigeria believes both parties have a right to an independent state. The Minister lamented that innocent…
The Palestinian Ambassador to Nigeria, Abdullah Shawesh has asked Nigeria and other countries to call for immediate ceasefire in Gaza, even as he insisted that the only acceptable solution to the ongoing war is to address the root cause of the conflict between the Palestine and Israel. Shawesh while noting that the attack on Israeli territory on October 7, 2023 was a smoke as the fire was long ignited by United Kingdom who handed over Palestinian land to European Jews in 1917, noted that to have a lasting truce it has become imperative to institute the two state solution backed…
The Economic and Financial Crimes Commission, EFCC, has reviewed its guidelines on arrest, bail and processing of suspects. The review, which is premised on the need to adhere to the rule of law and international best practices in the treatment of suspects, was rolled out on Monday, October 31, 2023 across all its Commands. In the new guideline, premium attention is focused on the rights of suspects, especially where arrest, detention and bail issues are concerned. Operational activities are to be tailored towards relevant provisions of the Constitution of the Federal Republic of Nigeria, 1999( as amended), the Administration of Criminal Justice…
Ilaje ex – militant group, the Niger Delta Coastline Vanguard (NDCV) has made an appeal to the People’s Democratic Party (PDP)‘s presidential candidate at the last general election, Alhaji Atiku Abubakar, his Labour Party (LP) counterpart, Mr. Peter Obi and the presidential candidates of other political parties to join hands with President Bola Tinubu to move the country forward politically, economically and socially in the interest of all Nigerians. The group, in a statement on Saturday, made the appeal while congratulating President Bola Tinubu, on the affirmation of his Presidential election victory by the Supreme Court, in Abuja on Thursday. …
Businessman and chieftain of the All Progressives Congress (APC) in Oyo state, Chief Abisoye Fagade has told those accusing President Bola Ahmed Tinubu of nepotism to jettison primordial sentiments, vindictiveness and bitterness with a view to supporting the current administration in its drive to take Nigeria out of the doldrums. Fagade’s submission came against the background of insinuations from some quarters that appointments made so far by President Bola Tinubu was skewed in favour of the Yoruba ethnic group or people in the south western part of the country even though there have been counter reactions from eminent personalities from…
Ruling houses in the Ojo community, Ajowa, Akoko North West Council area of Ondo state, have explained their preference for a female regent until the process of selecting a new monarch was completed. Addressing newsmen in Akure, the state capital, the Baba Eto of Uro kingdom in Ojo -Ajowa, Chief Jacob Adegoke, said that the ruling houses have unanimously selected the daughter of the deceased monarch, Princess Sarah Adewale, as the regent. Adegoke noted that after the demise of the monarch, Oba Timothy Adewale, the royal houses met and agreed for a smooth transition, a female regent was preferable not…