Vice President Kashim Shettima has returned to Nigeria after participating in the 2025 World Economic Forum (WEF) in Davos, Switzerland. His return was confirmed on Friday through a statement issued by his spokesperson, Stanley Nkwocha. Shettima Highlights Nigeria’s Investment Potential at WEF 2025 During the global summit, Vice President Shettima showcased Nigeria’s vast investment opportunities…
President Bola Tinubu has approved ₦32.7 billion for the implementation of the National Social Investment Programme (NSIP). This initiative aims to support vulnerable groups across Nigeria and improve their quality of life. The announcement came from Nentawe Yilwata, Minister of Humanitarian Affairs and Poverty Alleviation, during the launch of the state action plan for durable…
The Economic and Financial Crimes Commission (EFCC) has come under intense scrutiny following allegations of theft by its operatives. Recent findings reveal misconduct involving fraud and theft of recovered assets, including cash and gold bars. Reports show that at least 27 EFCC officers were dismissed in 2024 for misconduct. Investigations are ongoing into additional cases,…
₦4bn Cash Transfer to Support 10 Million Displaced Households The Federal Government has approved ₦4bn for conditional cash transfers to assist vulnerable households across Nigeria. This initiative was announced during the launch of the 2025 Nigeria Humanitarian Needs and Response Plan (HNRP) at the United Nations House in Abuja on Thursday. Minister of Humanitarian Affairs…
Taiwo Oyedele Predicts Inflation Drop by 2025 The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, expressed optimism about Nigeria’s inflation trajectory for 2025. He predicted a significant drop in inflation from the average rate of 34.80% in 2024 to 15% by 2025. Speaking at the PwC & BusinessDay Executive…
The United Nations emphasizes that development and peacebuilding are crucial for resolving crises in Nigeria, rather than solely relying on humanitarian interventions. During the launch of the 2025 Nigeria Humanitarian Needs and Response Plan (HNRP) at the UN House in Abuja, Mohammed Fall, the United Nations Resident and Humanitarian Coordinator in Nigeria, expressed concern over…
The World Bank Group has imposed a 30-month debarment on two Nigerian firms, Viva Atlantic Limited and Technology House Limited, as well as their Managing Director and Chief Executive Officer, Mr. Norman Didam.This action follows findings of fraudulent, collusive, and corrupt activities linked to Nigeria’s National Social Safety Nets Project. Corruption Uncovered in Social Safety…
The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has warned of a potential petrol price hike if crude oil prices continue to rise. He shared this projection during PENGASSAN’s National Executive Council meeting held on Thursday in Lagos. “The crude price rose to $80 per barrel…
The Nigeria Governors’ Forum (NGF) has strongly supported modernizing Nigeria’s tax laws and proposed a revised VAT sharing formula. According to the new formula, 50% of VAT revenue will be distributed based on equality. In a communique issued by NGF Chairman, Kwara State Governor AbdulRahman AbdulRazaq, the forum emphasized the urgent need to reform the…
The Federal Government and 21 states have projected a combined VAT revenue of N2.5 trillion for 2025. This figure represents a significant increase compared to previous years, despite ongoing controversies surrounding proposed tax reforms. Revenue Set to Increase Across Federal Government and States The Federal Government’s VAT share is projected to rise to N972bn in…
