News
Alleged N30bn disbursement: Explain details to Nigerians – Peter Obi tells FG
Mr Peter Obi of the Labour Party, LP, has asked the Federal Government to reveal details of the alleged disbursement of N30 billion each to the 36 state governors to ameliorate inflation and high cost of food items.
This is even as he said that the government must stop the unproductive habit of throwing scarce and borrowed money at immediate problems, and consumption.
Obi’s demand followed the claim by the Senate President, Godswill Akpabio, that an “unverified report” showed that state governors received N30 billion each from the federation account to alleviate the economic hardship and ravaging hunger in their respective domains.
However, Governor Seyi Makinde of Oyo State dismissed the report, saying there was no truth in the claim by Akpabio that states of the federation got an additional N30 billion each outside of their statutory revenue allocations.
Obi, in a statement on his X handle on Friday, said the details of the disbursement should be explained for the interest of good governance and transparency.
According to him, it would enable the masses, for whom the support is meant, to follow through and ensure that it is utilized appropriately to their benefit.
He further appealed to the state governments to ensure that the resources are genuinely and transparently invested in productive ventures to alleviate the present hardship.
“Recently, the Senate President, Senator Godswill Akpabio, announced that a staggering financial support of N1.1 trillion, amounting to a sum of N30 billion each was doled out to the state governors to help ameliorate the present hardship in the country.
“While the Federal Government is to be commended for offering such a huge support, considering the difficult times people are going through, it is pertinent, for the interest of good governance and transparency, that the details of the disbursement of such support be explained further, so that the public, the masses for whom the support is meant, can follow through and ensure that it is utilized appropriately to the benefit of the people.
“While waiting for such details, I appeal that concerted efforts should be made to ensure that the resources are genuinely and transparently invested in productive ventures to alleviate present hardship and help the future growth of the country,” he wrote.
News
Bill For Independent Candidacy Recommitted, Referred To Constitution Review Committee
News
Just in :INEC announces date for Anambra governorship election
By Kayode Sanni-Arewa
The Independent National Electoral Commission (INEC) has fixed the date for the Anambra governorship election.
Addressing representatives of political parties at the INEC headquarters in Abuja on Thursday, October 17, INEC national chairman, Prof Mahmood Yakubu said the election will be held on Saturday 8th November 2025.
Hear him: “As you are aware, the last governorship election in Anambra State was held on 6th November 2021. By the effluxion of time, the governorship election is due next year.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
In compliance with the mandatory requirement of 360 days, the formal notice for the election will be published on 13th November 2024. Party primaries will be held from 20th March 2025 to 10th April 2025.
“The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
The candidate nomination portal will open at 9.00 am on 18th April 2025 and close at 6.00 pm on 12th May 2025. The final list of candidates will be published on 9th June 2025.
“Campaign in public by political parties will commence on 11th June 2025 and end at midnight of Thursday 6th November 2025. Voting will take place in all the 5,720 Polling Units across the State on Saturday 8th November 2025.
“In the coming weeks, the Commission will provide details of other electoral activities, including the registration of new voters, transfer of voters and the replacement of lost or damaged PVCs.
“The detailed Timetable and Schedule of Activities for the 2025 Anambra State Governorship election will be uploaded to our website and social media platforms before the end of this meeting.”
News
Despite heavy hunger, World Bank Tells Nigerians Not To Oppose, Reverse Tinubu’s Economic Reforms
By Kayode Sanni-Arewa
Despite hunger, World Bank has urged Nigerians to support the ongoing economic reforms, warning that opposing or reversing them could have serious negative consequences for the country.
Speaking at the launch of the Nigeria Development Update (NDU) report in Abuja, the World Bank Country Director for Nigeria, Dr. Ndiame Diop, emphasized that while the reforms may be challenging, they are crucial for the nation’s long-term stability.
Dr. Diop cautioned that rolling back these reforms would be detrimental, saying, “Reversing the reforms would spell doom for Nigeria.”
In the same vein, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reiterated the importance of staying committed to the reforms. He stated, “Any effort that is not sustained will be a waste. Together with the Governor of the Central Bank of Nigeria and the Minister of Budget and National Planning, we’ve been discussing how to stay on course.”
Edun further explained that the government’s focus is on reducing inflation while ensuring investments flow into critical sectors such as industry, where jobs can be created. “We are prioritizing market pricing and sat down with labor unions to explain why we cannot afford to let this opportunity slip.”
On the removal of subsidies, Edun noted, “Every day without subsidies means more funds available for education, healthcare, and other essential expenditures.”
Also speaking, Central Bank Governor Mr. Olayemi Cardoso highlighted the importance of promoting exports in light of the exchange rate adjustments. “The moderation in the FX rate should make our goods more competitive for export and discourage the importation of unnecessary goods,” he said
-
News23 hours ago
Just in: Shettima jets out in Tinubu’s absence
-
Sports23 hours ago
European Football Chiefs, FIFPRO Slam FIFA Over Schedule
-
Sports16 hours ago
Get ready for Libya rematch – Obi Tells Super Eagles
-
Entertainment22 hours ago
Actress Bimbo Akintola reveals why she can never date an actor
-
News13 hours ago
20 seconds after prayer my father suddenly died- Senator Zwingina’s son
-
News12 hours ago
Reps Pass For Second Reading Bill to create Ogoja state
-
News11 hours ago
Operation Delta Sanity: Why Nigerians must support CNS Ogalla in fight against Oil thefts -Agbese
-
News22 hours ago
Oil magnate sues EFCC for unlawfully declaring him wanted