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Economic Hardship: Oyebanji Unveils N12bn Economic Relief Programme
Ekiti State Governor, Mr Biodun Oyebanji, on Monday, unveiled N12bn Economic Relief Programme to alleviate the hardship being experienced by people of the state in the face of the current global economic downturn.
Oyebanji, who assured Ekiti people of commitment to their welfare and wellbeing, urged them to cooperate with the government at the local, state, and federal levels.
The governor, in a statement by his Special Adviser on Media, Olayinka Oyebode, said, “Concerted efforts are being made not only to cushion the effect of the economic situation but to grow the economy in line with the shared prosperity agenda of the administration and the renewed hope agenda of President Bola Tinubu.”
According to Oyebode, the set of programmes under the ERP include: “the payment of one-month salary arrears to state and local government workers totalling over N2.7 billion. With this payment, the government has cleared the salary arrears owed to state government workers and will ensure the arrears owed to local government workers are cleared this year.”
He stated, “The governor also approved an increase of N600m per month in the subvention of autonomous institutions including the Judiciary and all tertiary institutions to allow the institutions to implement the wage award being implemented for state and local government workers.
“The governor also approved the payment of two months pension arrears owed to state and local government workers totalling N1.5b, as well as N100m monthly gratuity payment to state pensioners and an increment of the current N50m monthly gratuity to local government pensioners to N100m.”
He stated that the state government had also committed N1b to improve food production, especially to embark on land preparation, driven by the Ministry of Agriculture and Food Security’s tractorisation subsidy scheme, and an input supply programme to support small-scale farmers.
According to him, the state government is also committing N1.2b it recently got as the first tranche of the World Bank-financed Livestock Productivity and Resilience Support Project to transform the livestock subsector.
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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.”
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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
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