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THE Socio-Economic Rights and Accountability Project (SERAP) has issued a seven-day ultimatum to President Bola Tinubu, asking him to ensure the public release of certified true copies of recently enacted federal tax laws amid allegations that the legislations were altered after approval by the National Assembly. In a Freedom of Information (FOI) request dated December […]
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PRESIDENT Bola Tinubu has established an inter-ministerial committee to address outstanding payments owed to over 2,000 federal government contractors, which Economy Post understands are over N3 trillion. The president’s Special Adviser on Information and Strategy, Mr Bayo Onanuga, disclosed this on Wednesday while briefing State House correspondents after the Federal Executive Council (FEC) meeting presided […]
PRESIDENT Bola Tinubu granted pardons to armed robbers, fraudsters, drug offenders, murderers, activists and other offenders after the National Council of State gave its approval for clemency on Friday. Among individuals pardoned was Sir Herbert Macaulay who was banned from public office for misappropriation of funds and sentenced in 1913 by the British colonialists. Special […]
NIGERIANS have knocked Minister of Works, Mr David Umahi, for attacking Governor Seyi Makinde of Oyo State, who was critical of his response on Arise TV when asked to estimate the cost of Lagos-Calabar Highway per kilometre. In a video that went viral on Friday, Governor Makinde had rebuked Umahi for his refusal to provide vivid […]
PRESIDENT Bola Tinubu has replied critics who say his government is yet to achieve much in its two years. In a 65th Independence Anniversary speech on Wednesday morning, Tinubu said while Nigeria now exports more than it imports, oil production and debt-servicing-to-revenue ratio have shot up. “Oil production rebounded to 1.68 million barrels per day […]
NIGERIA now owes domestic and foreign lenders more than half its gross domestic product (GDP), according to data released on Monday by the Debt Management Office (DMO), an agency of the Nigerian government. Nigeria’s debt-to-GDP ratio stood at 52.3 percent as of the end of 2024 as against 41 percent by the end of 2013, […]
NIGERIA’S Minister of Works, Mr David Umahi, says the structural rehabilitation of the Third Mainland Bridge, an 11.8-kilometre span in Lagos State, will cost N3.6 trillion, which is equivalent to over $2.45 billion. However, to build Africa’s longest bridge, known as 6th October Bridge, Egypt spent just 200 million Egyptian pounds in 1996, which was […]
There has been a cacophony of voices regarding Nigeria’s repayment of $3.4 billion loan to the International Monetary Fund (IMF). While some believe that there is no truth in the claim, others hail the Bola Tinubu administration for clearing the debt. There are even others who are simply sceptical about the entire episode. However, Economy […]
.Now seeks 90-day extension THE Federal Bureau of Investigation (FBI) and the Drug Enforcement Administration (DEA) have sought a 90-day extension for the release of the records of Nigeria’s President, Mr Bola Ahmed Tinubu, disappointing Nigerians who had looked forward to seeing the files containing the president’s past. This is 2 years since the case […]
A GROUP comprising 17 Nigerian citizens has accused President Bola Tinubu of inducing opposition members to defect the ruling All Progressives Congress (APC), alleging that the number one man in Nigeria is planning to create a one-party state. In a statement on Sunday entitled, ‘Defending Democracy: A Call to Resist the March Toward a One-Party […]