Tag: President Muhammadu Buhari

FAAC shares N655.932b to FG, States, LGAs for April Allocation

Emporium Reporters

The Federation Account Allocation Committee (FAAC) has shared a total sum of N655.932 billion April 2023 Federation Account Revenue to the Federal Government, States and Local Government Areas. This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for May 2023. The N655.932 billion total distributable revenue comprised distributable statutory revenue of N364.654 billion, distributable Value Added Tax (VAT) revenue of N202.762 billion, Electronic Money Transfer Levy (EMTL) of N14.516 billion, N50.000 billion augmentation from Forex Equalization revenue and N24.000 billion augmentation…

THE GOOD IN GOODBYE

Emporium Reporters

A popular saying tells us that ‘there’s no good in goodbye.’ Really? I’ve been turning it round in my head, and I think there may actually be some good in goodbye. In fact, a lot of good. Let’s go.   I recently wrote about my ancestors and forebears in the presidential media office, those who have served since the 1970s. They did their best, and left. A board sits on the wall in the office, with their pictures, and the time and period they served. Another picture joined the pantheon…

FG renames Ministry of Aviation

Emporium Reporters

The Federal Government on Wednesday renamed the Ministry of Aviation to the Ministry of Aviation and Aerospace.   Hadi Sirika, the Minister of Aviation, said that aviation and aerospace were intertwoven and Nigeria had the need to proactively set its policies to align with future occurrences.   He made the announcement at the sidelines of the Federal Executive Council meeting presided over by President Muhammadu Buhari, in Abuja.   Sirika explained that the alteration became expedient because it is on the exclusive list.   He, however, maintained that the future…

Why Buhari must remain Tinubu’s friend after May 29 By Lasisi Olagunju

Emporium Reporters

May Sudan not happen to Nigeria. This piece starts with prayers. It has to. “Everyone in Africa believes in God…It’s the only way we can survive. People leave home praying that there will be electricity when they return. On the road, they pray that they will avoid motor accidents. If they crash, they pray the hospitals will be functioning. Their prayers mostly go unanswered, but still they pray. Life in Africa is a long prayer.” This long quote I picked straight from the review of a new novel by Stephen…

Nigeria’s borrowing: ‘Trouble’ imminent, says Budget Office

Emporium Reporters

The Budget Office of the Federation has said Nigeria now has a “limited borrowing space” due to its poor debt-to-revenue ratio, stressing that “trouble” looms for the country if it exceeds its limits.   The office issued the warning as the outgoing President, Muhammadu Buhari wrote to the National Assembly seeking approval for a fresh $800m loan from the World Bank.   Director-General of the Budget Office, Ben Akabueze, while addressing members-elect of the 10th National Assembly at their week-long induction ceremony in Abuja on Wednesday, pointed out that while…

FG approves National Blockchain Policy

Emporium Reporters

The Federal Government on Wednesday in Abuja approved the implementation of the National Blockchain Policy for Nigeria.   A blockchain is a decentralised, distributed and public digital ledger used to record transactions across many computers.   Such records cannot be altered retroactively without the alteration of subsequent blocks and the consensus of the network.   Minister of Communications and Digital Economy, Isa Pantami said at the end of Wednesday’s cabinet meeting that the policy was developed in consultations with stakeholders involving more than 50 institutions and personalities.   “With the…

Buhari reappoints Abike Dabiri-Erewa as Diaspora Commission Chairman

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President Muhammadu Buhari has reappointed Abike Dabiri-Erewa as the Chairman of the Nigerians in Diaspora Commission (NIDCOM). Buhari’s request was contained in a letter read by Senate President Ahmad Lawan on the floor of the upper legislative chamber on Tuesday. Dabiri-Erewa is the pioneer Chairman of the commission that is domiciled in the federal ministry of foreign affairs. Before becoming NiDCOM Chairman, she was the Senior Special Assistant to the President Buhari on Foreign Affairs and Diaspora. Dabiri-Erewa is a former member of the Federal House of Representatives representing Ikorodu…

I supported states with N2trn in bailout packages – Buhari

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The Presidency has said that President Muhammadu Buhari’s administration has extended more than N2 trillion in bailout packages to state governments.   The bailout, it said, was to enable them to meet their salary and pension obligations, especially in the face of dwindling oil revenues. This is contained in a fact sheet highlighting the achievements of Buhari’s government in different sectors between 2015 and 2023 released yesterday by the Presidential Communications Team. The report said the packages to state governments included N614 billion Budget Support Facility; $5.4bn Paris Club Refunds;…

President Buhari To Commission FHA Zuba Housing Project May 2

Emporium Reporters

By ABUBAKAR YUSUF.     President Muhammadu Buhari will commission the multi billion federal housing authority FHA housing project located in Zuba, the heart of the nation.   An invitation letter sent out by the Head, Public Affairs of the authority, Mr Kenneth Chigelu stated that the commissioning will hold on Tuesday, 2nd May , 2023 at the premises of the estate at 10am.   The chief host of the occasion is the Minister of Works and Housing, Raji Babatunde Fashola, at the auspicious occasion.   The multi billion estate…

GADS: Buhari canvases for an all inclusive engagement with African Diaspora

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President Muhammadu Buhari has called on Africans home and abroad to connect and create a common front through strategic frameworks to address the challenges arising in the new world order.     President Buhari stated this in his keynote address at the second edition of the Global African Diaspora Symposium (GADS) held in Abuja.   Speaking through his representative Mu’azu Jaji Sambo, Minister of Transportation. He stated that the theme this year is very apt and timely as African Nations are looking towards the diaspora for continental development.   Mr…