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President Tinubu Reaffirms His Stance Against Food Importation 

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President Bola Ahmed Tinubu has strongly reaffirmed his administration’s position  against importing food commodities into Nigeria even as food prices continue to escalate unabatedly thereby worsening food crises and inflation rates. President Tinubu revealed this in a statement at a meeting with the Forum of State Chairmen of the All Progressives Congress (APC) at the State House in Abuja on Friday. Nigeria’s food inflation rate according to the latest figures from the National Bureau of Statistics, has soared to a concerning 37.92% as of February 2024, prompting speculation that importing food could swiftly alleviate nationwide food price pressures. 

IWD: SMEDAN Unveils New Brand, Pledges Support For Female Entrepreneurs

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The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in a bid to grow more businesses has unveiled a new brand to reposition the agency towards achieving its mission of job creation, rural industrialization, and livelihood enhancement through sustainable development of the Small and Medium Enterprises (SMEs) sub-sector.

Nationwide Blackout: Discos Rejects 1,769MW Of Electricity- Minister

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The power distribution companies failed to distribute about 1,769.91 megawatts of electricity between February 1 and 14, 2024 allocated to them by Transmission Companies of Nigeria, TCN; reason for widespread blackout and the worsening state of electricity supply in Nigeria.

Paris Club Fraud: S.Court Delivers Judgment June 7 On Alleged N3.5bn

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The appellant is challenging the judgment of the Court of Appeal ordering the forfeiture of the money to the Federal Government of Nigeria, being proceeds of an unlawful activity in the Paris Club Fund involving Melrose General Services Limited.

CBN Donates N100bn Fertilizer To Boost Food Production

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In a bid to mitigate the surge in food prices and improve food production, the Central Bank of Nigeria (CBN) has given 2.15 million bags of fertilizer, valued at over N100 billion to the Federal of Agriculture and Food Security to be distributed to farmers across the country. This is as the minister of Agriculture and Food Security, Abubakar Kyari yesterday confirmed receiving the 2.15 million bags of fertilizer allocated by the CBN to boost food production. The CBN governor Olayemi Cardoso announced the donation yesterday in a new collaboration with the Ministry of Agriculture for the implementation of policies that cultivate a resilient macroeconomic environment. He added that the investment in agriculture would increase food production and reduce inflation, currently at 29.9 percent.

Blackout: FG Directs NERC to Revoke Licenses of Non-Performing DisCos

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The Federal Government through the Minister of Power, Chief Adebayo Adelabu has on 11th March 2024, issued a directive to its agencies regulating the power sector, instructing the Nigerian Electricity Regulatory Commission (NERC), to withdraw licenses of electricity distribution companies for non-performance. Chief Adelabu during a meeting with the head of the agencies in Abuja faulted the DisCos for not doing enough despite the availability of power on the national grid to supply quality electricity. More so, stressing that NERC must look for creative ways of getting the DisCos to improve supply including the imposition of stiff sanctions on utilities that fail to pick their allocations and outright cancellation of licenses.

2024 Budget: N3.7trn Projects Value Not Visible – Sen. Ningi

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The Chairman of the Northern Senators Forum, NSF, Senator Abdul Ningi of the PDP-Bauchi Central, has asserted that projects valued at N3.7 trillion in the 2024 Appropriation Act is not visible.

Tinubu Directs Customs To Return Seized Food Items To Owners

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The Nigerian President, Bola Tinubu has directed the Nigeria Customs Service, NCS, to release seized food items at the border communities to the rightful owners, with the order that the items should be sold in Nigerian markets. The Controller-General of Customs, Adewale Adeniyi, revealed this while meeting with people from border areas at Kongolam and Mai’Adua border stations in Katsina State on Saturday.  Adeniyi stated that the authority was not based on legal guidelines, but rather reflecting the deep sense of generosity he holds towards Nigeria. 

Port Harcourt-Aba Train Service Set To Commence Operations

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The Federal Government (FG) through the Nigeria Railway Corporation (NRC) announced that the Port Harcourt to Aba train service is set to commence operation by the end of March 2024. This was made known by the Managing Director of NRC, Fidet Okhiria during an inspection tour of the facility in Port Harcourt, Rivers State.