The federal government is set to forfeit $10 million from a World Bank credit facility due to shortcomings in audit quality, delays in launching a national budget portal, and the slow rollout of a revenue assurance system. The fund is part of the $103 million Fiscal Governance and Institutions Project (FGIP), which is financed by the International Development Association (IDA), a World Bank lending arm. The project, aimed at strengthening public financial management, is scheduled to close on June 30, 2025. According to a June 2025 restructuring paper addressed to…
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Don’t Pay Attention To Busybodies, Tinubu Tells Wike
President Bola Tinubu has urged the Minister of the Federal Capital Territory (FCT), Nyesom Wike, not to be distracted by busybodies and naysayers but to focus on his mandate to transform the nation’s capital. Tinubu stated this on Tuesday when he inaugurated the rehabilitated and refurbished International Conference Centre, Abuja, which was renamed in his honour as the Bola Ahmed Tinubu International Conference Centre, Abuja. The President said the refurbished international conference centre was part of his administration’s “determined efforts to change the way we do things, to reflect us…
Read MoreYour Sins Can’t Be Forgiven Even If You Join Us – APC Tells Fubara
The Rivers State Chapter of the All Progressives Congress, APC, has told the suspended governor of the state, Siminalayi Fubara that even if he decides to join the party, his sins cannot be forgiven. Caretaker Committee chairman of the party in the state, Tony Okocha, stated this on Tuesday in Abuja while responding to questions regarding Fubara’s recent Sallah visit to President Bola Tinubu and its attendant political implications. Okocha said Fubara’s suspension and the declaration of a state of emergency was about his misdemeanors and had no political undertones.…
Read More‘Free Nurudeen Adegbenro,’ Wife Cries Out As Police Arrest Lagos Journalist
. ‘They came in two unmarked vehicles, forcefully followed him into the house while he was returning from Mosque,’ here are the details Mrs. Adegbenro gave on the seven-man early morning “chaotic” operation that left the family terribly terrified A journalist with Mainland 98.3 FM Lagos, Nurdeen Adegbenro, was on Wednesday morning whisked away from his Agege residence by seven armed policemen. Adegbenro’s wife, Aminat, who confirmed the incident to Platforms Africa, noted that her husband was whisked away at 6:14 am by a group of seven armed men…
Read MoreAPC Chieftain, Jesutega Onokpasa, Is Dead
A chieftain of the All Progressives Congress (APC) and political commentator, Barrister Jesutega Onokpasa, has reportedly passed away. Onokpasa, a lawyer and member of the APC Presidential Campaign Council in the 2023 general elections, died on Monday under yet-to-be-disclosed circumstances. His death was announced on Tuesday via X by pro-APC crusader Okezie Atani. Lagos Alternative Power Boom Exceeds National Grid Capacity -Report Fuel Subsidy Should Have Been Removed Gradually, Not Abruptly — Obi He wrote, “We lost Barr. Jesutega Onokpasa, may his soul rest in perfect peace.” Onokpasa was known…
Read MoreLagos Alternative Power Boom Exceeds National Grid Capacity -Report
Off-grid and self-generated electricity in Lagos State has surpassed Nigeria’s entire grid-connected capacity, a new report by the Africa Finance Corporation has revealed, raising concerns over the growing energy access crisis in the country. It also stated that if current trends persist, the number of Africans without electricity access could stay unchanged between now and 2030. The report, titled ‘State of Africa’s Infrastructure Report 2025’, and obtained by our correspondent on Monday, noted that the continent is trapped in an energy bottleneck, with more Africans at risk of remaining without…
Read MoreFuel Subsidy Should Have Been Removed Gradually, Not Abruptly — Obi
The Labour Party presidential candidate in the 2023 elections, Peter Obi, has said that he would have removed the petrol subsidy and floated the naira if elected president, but would have done so gradually and in a more organised manner. Speaking during an interview with Arise Television on Monday, the former Anambra State governor emphasised that, while he supports the policies, their implementation by the current administration was poorly managed. Obi said, “I have consistently maintained that I would have removed the fuel subsidy. “If you go to my manifesto,…
Read MoreAvoid Diplomatic Problems, Falana Warns Wike Against Sealing Embassies
Human rights lawyer, Femi Falana (SAN), has warned the Minister of the Federal Capital Territory (FCT), Nyesom Wike, not to contemplate sealing 34 embassies and foreign missions said to be owing ground rents in the nation’s capital city Abuja. Falana argued that there are about 20 high court, appeal court, and Supreme Court decisions that ruled that the FCT authorities have no right to unilaterally seal up any property within the nation’s capital. The senior lawyer said, “As far as the Vienna Convention on diplomatic relations is concerned, the premises…
Read MoreNDPHC Increases Power Supply To Borno By 6MW With New Injection Substation
The Niger Delta Power Holding Company, NDPHC, has inaugurated a new 1×7.5MVA 33kV/11kV distribution injection substation with the capacity to supply six megawatts of power to Borno State University and its environs. A statement by the company’s General Manager, Corporate Communications and External Relations, Emmanuel Ojor in Abuja on Monday said the substation which was commissioned by Vice President Kashim Shettima is expected to significantly improve the quality and reliability of electricity supply to the university and extend benefits to vulnerable communities in the surrounding area. The project, implemented under…
Read MoreWhy I Built Mosque; Kegite Shrine In Newly Commissioned House – August24news Publisher
A media entrepreneur, Ajagbe Adeyemi Teslim, the publisher of August24news, has given reason he built a mosque and shrine in his newly commissioned house. Platforms Africa learnt that the property located in Ogun State was commissioned on August 24, 2024. Ajagbe, in a statement sent to Platforms Africa, said that the “three-bedroom flat, located in Sango Otta, Ogun State, sits on a full plot of land and features several remarkable facilities, including “a mosque and a small shrine for cultural gatherings.” The statement read; “The housewarming ceremony began with a…
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