Tag: Bola Tinubu

Business

Tinubu approves incentives to fast-track Shell’s $5bn Bonga S’west project

President Bola Tinubu has approved targeted incentives to accelerate Shell’s long-delayed $5 billion Bonga South-West deepwater oil project. He also instructed his Special Adviser on Energy, Olu Verheijen, to ensure the incentives are gazetted in accordance with Nigeria’s existing legal and fiscal frameworks. The approval was granted on Wednesday when Tinubu received a Shell delegation, […]

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Tinubu meets NLC leaders in bid to avert planned nationwide protest

President Bola Tinubu on Tuesday night met with leaders of the Nigeria Labour Congress in a last-minute effort to avert the union’s planned nationwide protest over rising insecurity in the country. The meeting took place at the State House, Abuja, beginning around 11:27 p.m., and was attended by NLC President Joe Ajaero, Imo State Governor […]

Business

Tinubu orders review of revenue deductions by NNPC, FIRS, customs

President Bola Tinubu has directed a review of deductions and revenue retention practices by key federal revenue-generating agencies. According to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the move aims to improve public savings, enhance spending efficiency, attract investment, and free up resources for national growth. Edun disclosed this while […]

Tinubu snubs Sanwo-Olu at Lagos-Calabar highway commissioning
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Tinubu snubs Sanwo-Olu at Lagos-Calabar highway commissioning

President Bola Tinubu drew widespread attention on Saturday following a viral video that appeared to show him overlooking Lagos State Governor Babajide Sanwo-Olu during the commissioning of Phase 1 of the Lagos-Calabar Coastal Highway. The footage, shared on social media by the President’s Special Assistant, Dada Olusegun, captured Tinubu warmly greeting a number of governors, […]

N40,000 rice initiative targets public servants, others to follow
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Rice prices hit record high as Tinubu’s policies struggle

The price of rice, a key ingredient for Nigeria’s beloved jollof rice, has more than doubled this year, exposing the government’s difficulties in managing the country’s cost-of-living crisis. A market survey by SBM Intelligence on Wednesday revealed that the cost of a 50 kg bag of rice in Lagos rose by 8% in December to […]

Nigeria@64: Tinubu unveils plan to create 2.5m jobs
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Nigeria@64: Tinubu unveils plan to create 2.5m jobs

President Bola Tinubu has unveiled plans to create 2.5 million jobs during his 64th Independence Day address. Tinubu announced the launch of the Renewed Hope Labour Employment and Empowerment Programme, a government initiative aimed at creating 2.5 million jobs annually. The program will generate both direct and indirect employment opportunities across the country. Scheduled to […]

FG deducts N256.5bn for gas projects in six months
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Tinubu appoints board members of Family Homes Funds

President Bola Tinubu has authorized the appointment of board members of Family Homes Funds This was disclosed in a statement signed by the Special Adviser to the President on Media & Publicity, in Abuja on Tuesday. According to the statement, this is aimed at stimulating the growth potential within the real estate sector. President Tinubu […]

Uproar as Niger gov renames airport after Tinubu
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Uproar as Niger gov renames airport after Tinubu

Uproar as Niger gov renames airport after Tinubu Melvin Onwubuke Debates are raging in Nigeria over the naming of an international airport after the country’s President Bola Tinubu. The Minna Airport in the central state of Niger has been renamed Bola Ahmed Tinubu International Airport by the state Governor Umaru Bago after a decade of […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
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Tinubu signs executive order to boost investment in energy sector

Melvin Onwubuke President Bola Tinubu has signed new Executive Orders aimed at boosting the investment environment and ensuring that Nigeria is Africa’s top choice for oil and gas investments. This was disclosed by the spokesperson for the president of media and publicity, Ajuri Ngelale, in a statement on Wednesday, according to nairametrics. According to Ngelale, […]

NESG condemns FG's N3.5tn budget for education, health
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NESG condemns FG’s N3.5tn budget for education, health

Bisola David The Nigerian Economic Summit Group has raised an issue with President Bola Tinubu’s 2024 Budget Appropriations Bill’s N3.5 trillion allotment to the health and education sectors. The Punch quoting NESG’s sectoral analysis of the budget reported that allocation to both sectors was significantly less than the global benchmarks of 15% (the 2001 Abuja […]

Tinubu appoints Olusi as new BoI boss
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Tinubu writes Senate, seeks $7.8bn, €100m loans approval

President Bola Tinubu on Wednesday sought the approval of lawmakers at the Red Chamber for another $7.8bn and another €100m. This is coming barely 24 hours after seeking approval of N2.18tn Supplementary budget. The President’s request was contained in a letter read by the Senate President, GodsWill Akpabi, on Wednesday. The letter from the President […]

Tinubu appoints Olusi as new BoI boss
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Tinubu appoints Olusi as new BoI boss

  President Bola Tinubu has approved the appointment of Dr. Olasupo Olusi as the Managing Director and Chief Executive Officer of the Bank of Industry. This was disclosed on Thursday by the Special Adviser to the President on Media & Publicity, Chief Ajuri Ngelale. Olusi’s appointment comes on the heels of the voluntary resignation of […]