Connect with us

Latest News

FG to Drive Economic Recovery with Job Creation, Single-Digit Inflation – Edun

Published

on

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has outlined the Federal Government’s plans to reduce inflation to single digits and create more jobs for Nigerians.....KINDLY READ THE FULL STORY HERE▶

Speaking at a press conference during the conclusion of the 2025 International Monetary Fund (IMF) and World Bank Spring Meetings in Washington D.C., Edun emphasized the government’s commitment to tackling inflation and enhancing employment opportunities.

“We are collaborating with global partners like the World Bank to focus on sustainable employment, especially through digital infrastructure, which will empower the youth with tools like data access, the internet, and fibre optic networks for remote work opportunities,” Edun stated.

He added that Nigeria’s unemployment rate had already decreased from 5.3 percent in Q1 2024 to 4.3 percent in Q2 2024.

‘American People Do Not Want This’ – Ex-US VP, Harris Slams Trump For ‘Unnecessary War’ With Iran.

Despite global uncertainties, Edun expressed confidence that Nigeria was positioned to withstand the challenges posed by inflation and declining global growth.

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, also addressed inflation concerns, acknowledging the disruptive impact on Nigeria’s economy but reaffirming the commitment to bringing inflation down sustainably.

Cardoso highlighted that the reforms implemented by the government, while challenging, are beginning to show positive results, with Nigeria’s investment climate improving significantly. He pointed to the successful investment forum at the Nasdaq Market Site in New York, which reinforced investor confidence in Nigeria’s economic reforms.

“The country’s balance of payments surplus of $6.83 billion in 2024, driven by rising exports and capital inflows, has been crucial in supporting the stability of the naira and reducing the gap between official and parallel market exchange rates,” Cardoso said.

Commissioner: Oyo’s Health Strategies Are Keeping Top Talent Home

He also reiterated the government’s ambition to build a trillion-dollar economy by 2030, with ongoing efforts to recapitalize the banking sector, ensuring financial institutions are better equipped to support large-scale projects and stimulate economic activities.

Senator Sani Musa, Chairman of the Senate Committee on Finance, praised the administration’s progress in stabilizing the financial system and improving the fiscal landscape to combat poverty.

The Nigerian economic team, led by Edun, participated in various discussions with international financial leaders and development partners, working to strengthen existing partnerships and foster new ones to advance Nigeria’s economic reforms.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Advertisement

latest

Don’t Burn Tyres On New Roads — FERMA Begs Abia Residents.

Published

on

The Federal Road Maintenance Agency (FERMA) has appealed to residents of Abia State and other road users along the Aba–Azumini highway to protect the newly completed road from activities that could damage it.....KINDLY READ THE FULL STORY HERE▶

FERMA’s South-East 2 Zonal Director, Suleiman Mohammed Omonowo, issued the warning during an inspection of the project, cautioning against the burning of tyres during celebrations, which he said could damage the road surface.

He noted that destructive practices by some youths and community members often contribute to the early failure of road projects across the country.

‘False, Malicious’ – Banire Threatens Legal Action Over $40m Bribery Claim.

“Our advice to road users, especially indigenes, is to protect the road from destruction. Let nobody come and destroy it or burn tyres in the name of celebration,” he said.

Omonowo said the Aba–Azumini highway was previously in a very bad condition before FERMA intervened, describing it as a death trap for commuters and residents.

He also expressed satisfaction with the quality of work done on the project, adding that drainage structures such as catch pits would help prevent flooding and extend the lifespan of the road.

Tuface Becomes Brand Ambassador For MSMEs, Pledges To Empower Nigeria’s Youth

According to him, the highway serves as a major link between Aba, several Abia communities, and Cross River State, carrying heavy traffic daily.

He urged local construction firms to improve on quality delivery to compete effectively with foreign contractors.

Meanwhile, the Federal Roads Maintenance Engineer in Abia State, Festus Okafor, said FERMA workers have not faced harassment or violence from residents during operations in the state.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

latest

Correctional Service Declares Escaped Yobe Inmate Wanted Nationwide.

Published

on

The Nigerian Correctional Service (NCS), Yobe State Command, has declared a 30-year-old inmate wanted after he escaped following a road accident involving a prison transport vehicle.....KINDLY READ THE FULL STORY HERE▶

The incident reportedly occurred on April 13, 2026, while inmates were being conveyed from the Medium Security Custodial Centre in Potiskum to Damaturu.

In a statement issued in Damaturu, the Command’s Public Relations Officer, DSC Abdullahi Adamu, said the vehicle conveying the inmates was involved in a crash during the journey.

Rivers Crisis Escalates As Pro-Wike Lawmakers Target Fubara, Deputy.

He said the accident happened while efforts were ongoing to rescue those affected.

The escaped inmate was identified as Dahiru Mohammed, with prison number J/1539/24, who was admitted into custody on November 29, 2024.

The Correctional Service described him as dangerous and warned members of the public not to have any form of contact with him.

‘False, Malicious’ – Banire Threatens Legal Action Over $40m Bribery Claim.

It urged residents to report any useful information that could lead to his re-arrest to the nearest security agency.

Authorities also cautioned that harbouring a fugitive is a criminal offence punishable under the law.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

latest

Court Orders UI To Reinstate Students Suspended Over Fee Hike Protest.

Published

on

The Federal High Court sitting in Ibadan, Oyo State, has ordered the University of Ibadan (UI) to reinstate three students suspended over their participation in a protest against tuition fee hikes.....KINDLY READ THE FULL STORY HERE▶

Delivering judgment on Wednesday, Justice Nkeonye Maha set aside the decision of the university’s Central Student Disciplinary Committee, ruling that the students were denied fair hearing during the disciplinary process.

The court held that the failure to allow the students call witnesses and present evidence violated their constitutional right to fair hearing, rendering the sanctions against them invalid.

Tuface Becomes Brand Ambassador For MSMEs, Pledges To Empower Nigeria’s Youth

The affected students — Aduwo Ayodele, Mide Gbadegesin, and Nice Linus — were suspended on July 14, 2025, after taking part in a protest against increased school fees approved by the university’s governing council.

Dissatisfied with the suspension, they approached the court, arguing that the disciplinary proceedings breached their fundamental rights and due process.

They asked the court to quash the suspension, reinstate their studentship, and award damages for alleged rights violations.

In her ruling, Justice Maha agreed with their arguments, stating that the university’s actions failed to meet the standards of natural justice.

‘False, Malicious’ – Banire Threatens Legal Action Over $40m Bribery Claim.

Following the judgment, rights group CAPPA hailed the decision, urging the university to comply fully, reinstate the students, and issue an apology.

The group said the ruling reinforces constitutional protections for freedom of expression and serves as a warning against the suppression of student protests in tertiary institutions.

Stay connected via Google News
Follow us for the latest travel updates and guides.
Add as preferred source on Google
Continue Reading

Trending

Copyright © 2023 NIVONEWS

×