NASS LEADERSHIP MEETS PRES. BUHARI, CALLS FOR END TO #ENDSARS PROTEST

The leadership of the National Assembly says it is time for the #ENDSARS protest currently going on in most parts of the country to stop. The Senate President,  Ahmed Lawan and Speaker of the House of Representatives,  Femi Gbajabiamila spoke to journalists today after meeting with president Muhammadu Buhari at the presidential villa ITV statehouse correspondent Ikharo Attah completes the Report. The leadership of the National Assembly says it is time for the #EndSARS protest currently going on in most parts of the… Posted by Independent Television-ITV Abuja on Sunday, 18…

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PDP Governors’ Kick Against 0.5% Police Trust Fund Deduction

The Peoples Democratic Party, PDP, Governors’ Forum has implored President  Muhammadu Buhari and the National Assembly to repeal Section 4(1) of the Nigeria Police Trust Fund (Establishment) Act, 2019 which purportedly  authorises the President to deduct 0.5% of the total revenue accruing to the Federation Account for the benefit of the Nigeria Police Trust Fund. The said deduction, according to the Governors, is patently unconstitutional. The call was contained in a communique issued at the end of a Zoom Meeting of the PDP Governors’ and signed by their Chairman and…

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Nigeria Celebrates 2020 World Standard Day, Advocates Protection Of The Planet With Standards

As Nigeria join the rest of the world to commemorate this year’s world day, Experts in international standardization around the world have called for substantial reduction in human impact and protection of the planet, seeking political will, concrete action and the right tools among which are international standards. This advocacy is predicated on the human and large scale industrial activities which modern civilization have added to earth’s natural greenhouse gases which negatively impact our climate and with it, all forms of life. In a statement from the office of Director…

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President Buhari Full Speech At 2021 Budget Presentation

PROTOCOLS It is with pleasure that I present the 2021 Federal Budget Proposals to this Joint Session of the National Assembly. Distinguished and Honourable Leaders, and Members of the National Assembly, at this juncture, I wish to commend your tremendous efforts in approving the revision of the 2020 – 2022 Medium-Term Expenditure Framework and Fiscal Strategy Paper, and passage of the 2020 Appropriation (Repeal and Amendment) Act, in response to the Coronavirus Pandemic. Today marks an important occasion in our quest to accord the federal budget process the seriousness it…

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President Buhari To Present 2021 Budget On Thursday

President Muhammadu Buhari will, on Thursday, present the 2021 budget estimate at a joint session of both chambers of the National Assembly. Special Assistant (Press) to President of the Senate, Ezrel Tabiowo,  made the announcement  following receipt of a letter from the President which was read during plenary by the Senate President on Tuesday. The letter reads: “May I crave the kind indulgence of the Distinguished Senate to grant me the slot of 11:00hrs on Thursday, 8th October, 2020, to formally present the 2021 Appropriation bill to the Joint Session…

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Nigeria @60: President Buhari Addresses Nigerians

INDEPENDENCE DAY ADDRESS BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE OCCASION OF NIGERIA’S SIXTIETH INDEPENDENCE ANNIVERSARY, THURSDAY 1ST OCTOBER 2020 Fellow Nigerians I speak to you today as your President and fellow citizen on this epoch occasion of our country’s 60th independence Anniversary. As President, I wish to renew my appreciation to Nigerians for entrusting me with your hopes and aspirations for a better and greater Nigeria. Today, it is my unique privilege to re-commit myself to the service of this great country…

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Nigeria Faces Second Recession In Four Years

The Federal Government has said the likelihood of Nigeria sliding into another recession in the Third Quarter of 2020, making it the second time within four years. The Minister of State for Finance, Budget and National Planning, Clement Agba, said this in Abuja on Thursday at the beginning of a five-day interactive session on the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper. The government said the COVID-19 pandemic resulting in crash of global oil prices among other economic factors had adversely affected the nation’s economy, with the Gross…

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NBS Says Nigeria’s Unemployment Rate Rises To 27.1%

The National Bureau of Statistics has finally released data on the nation’s unemployment rate after an 20-month interval, saying the unemployment rate rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. The NBS, in its ‘Labor Force Statistics: Unemployment and Underemployment Report’ released early Friday, said underemployment rate increased from 20.1 per cent in Q3 2018 to 28.6 per cent in Q2 2020. It said, “For the period under review, Q2 2020, the unemployment rate among young people (15-34…

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Nigeria Government To Auction N150bn Bonds At 12% In 7 Days

As part of capital raise to finance the 2020 budget, the Debt Management Office (DMO), will within in seven days’ time, offer a 10, 15, 25 and 30 year bond at 12.50 percent, 12.50 percent and 9.80 percent and 12.98 percent interest rates respectively.   This was contained in a document published on the Debt Management Office (DMO) website. It showed a breakdown of N150 billion bond that includes 10 year reopening N25bn bond which would mature in January 2026. The 15 year N40bn bond that would mature in March…

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FCTA RELEASES GUIDELINES ON EASING OF LOCKDOWN IN THE FCT

FCTA RELEASES GUIDELINES ON EASING OF LOCKDOWN IN THE FCT …TO VIGOROUSLY ENFORCE PARTIAL LOCKDOWN REGULATIONS …TELLS ALL WORKERS RESIDENT OUTSIDE THE FCT TO REMAIN WHERE THEY ARE FOR NOW The FCTA will enforce rigorously the guidelines regulating the easing of the lockdown in the FCT as part of measures to contain the spread of COVID-19 in the Territory. In his message to the residents of the FCT, announcing the new guidelines, the Honourable Minister, Malam Muhammad Musa Bello said that security agencies have been mandated to arrest and prosecute,…

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