Shettima: Govt’s tough options prevented economic downfall

President Bola Ahmed Tinubu’s tough decisions have prevented the downfall of the nation’s economy according to Vice President Kashim Shettima. Shettima added that due to such options adopted by the Federal Government, the country is on course to economic prosperity in a short while, in spite of temporary pain. Also yesterday, former Bauchi State Governor […]

FG plans performance-based salary scheme for workers

A new wage system based on employee’s productivity in the civil service is underway, the Federal Government said on Monday. The government said with the system, workers on the same level could earn different salaries. The government said the formulation of an innovative wage system was being considered because it realised that productivity was a […]

SERAP gives FG 48-hr ultimatum to reverse CBN’s 0.5% cybersecurity levy

  The Socio-Economic Rights and Accountability Project has issued a warning to the Federal Government to reverse the 0.5 per cent cybersecurity levy imposed by the Central Bank of Nigeria. SERAP also threatened to deal in legal action against the government if it failed to reverse the levy within a 48-hour timeframe. The non-governmental organisation […]

Demolition: Property owners on Lagos-Calabar road to get N2.75b compensation

Owners of properties demolished to give the right of way to the Lagos-Calabar Coaster Highway are to get N2.75 billion compensation from the Federal Government, Works Minister Dave Umahi said yesterday. The minister, who unveiled the new design routes for the 700 kilometre project in Lagos, chided former Labour Party (LP) presidential candidate Peter Obi […]

Labour threatens showdown as FG insists on electricity tariff hike

The Federal Government, on Friday, insisted on the 240 per cent hike in tariff payable by power consumers (electricity) in the band ‘A’ category despite calls for its reversal. It also revealed that the subsidised power pricing regime would be for the short term, with a transition plan to achieve a full cost-reflective tariff within […]

Manufacturers, labour tackle FG over 240% electricity tariff hike, insist on subsidy

Manufacturers and organised Labour have kicked against the Federal Government’s 240 per cent hike in the tariff payable by electricity users enjoying a 20-hour power supply. They insisted on the electricity subsidy, warning that its removal would send manufacturers out of business and worsen inflation. The subsidy on electricity has been withdrawn completely from the […]

Fed Govt offers N450b bonds to investors

The Federal Government is seeking to raise N450 billion from the investing public in a new debt issuance aimed at bridging government’s deficit and deepening the domestic capital market. It was learnt last night that the Debt Management Office (DMO), which oversees the issuance and management of Nigeria’s sovereign debts, will today conduct a primary […]

Federal Govt eases access to student loan in new proposal

A major rejig of the student loan scheme of the Federal Government has been proposed for legislation by the National Assembly. The new plan will ease loan access by students. It was sent yesterday as an Executive Bill to the Senate and the House of Representatives for consideration and passage. Yesterday would have been the […]

BREAKING: NANS backs out from NLC planned protest, seeks dialogue with FG

The National Association of Nigerian Students (NANS) has urged the Nigeria Labour Congress (NLC) to shelve its planned industrial action and embrace dialogue with the federal government. A statement by NANS Senate president, Akinteye Afeez said the impact of the strike on academic activities would be particularly devastating for students, who are already grappling with […]

Tinubu ready to return southeast as industrial powerhouse – Shettima

Vice President Kashim Shettima on Monday, February 26, flagged off the Light Up Nigeria project in Enugu as part of federal government efforts to improve energy supply to industrial clusters in the southeast region. Shettima, who spoke during the Light up Nigeria Southeast Business Roundtable held in Enugu, also disclosed that President Bola Tinubu has […]