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Nigeria Sinking Deeper Into A Debt Hole
CONVENTIONAL wisdom dictates that you cannot get out of a hole by digging deeper. This is exactly what the Federal Government is doing with the N6.2 trillion supplementary budget approved by the Senate on Tuesday. This addition brings the 2024 budget to N35.05 trillion, up from N28.7 trillion initially approved. President Bola Tinubu sought approval […]
NNPC Struggles to Curb Worsening Fuel Scarcity as Black Market Thrives
The Nigerian National Petroleum Company Limited has vowed to end the queues for Premium Motor Spirit, popularly called petrol, by Wednesday, as the black market for PMS boomed on Sunday. NNPC also declared that it did not owe international oil traders $6.8bn as claimed in some quarters, a development which some industry watchers described as […]
Akume, Edun to Head 10-Man Panel on LG Autonomy Implementation
The Federal Government has inaugurated a 10-man inter-ministerial committee to enforce the Supreme Court judgment on local government autonomy. The Supreme Court had on July 11 granted local governments across the country autonomy. An apex court seven-man panel, in the judgment delivered by Justice Emmanuel Agim, declared that the 774 local government councils in the […]