NewsReports

Presidential candidate of Labour Party, Peter Obi, has said the unrelenting struggle for a new Nigeria is, among other reasons, to build a better nation where the girl child will be free and safe to live and thrive. Obi made this known in his message to mark the International Day of the Girl Child 2022. He said education remained the most …

The Lagos State government on Tuesday officially received approval from the Federal Government for the construction of the Lekki International Airport at the Lekki-Epe axis of the state. Recall that the Lagos State Government, last Friday, had earlier announced the construction of the airport will commence in 2023. It said that the new airport would be constructed on 3,500 hectares …

The Nigerian Navy has destroyed an illegal oil bunkering vessel arrested with stolen crude oil in the creeks of the Niger Delta. It was gathered that operatives of a newly-contracted private oil pipeline surveillance team, Tantita Security Services, arrested the vessel alongside its seven-member crew on 6 October. They were arrested on the creeks of Escravos, while crude oil was being loaded illegally into …

Unemployment and underemployment are major factors that drive poverty. For the poor, labour is often the only asset they can use to improve their well-being. Hence, the creation of productive employment opportunities is essential for achieving poverty reduction and sustainable economic and social development. This is because it is crucial to provide decent jobs that both secure income and empowerment …

The Presidential Villa plans to spend N14.8bn on Internet access, stationery and telephone charges, among others, under the Federal Government’s planned expenditure captured in the 2023 budget. In the budget, N67.1m was budgeted for Internet access to the Villa, while stationery and computer consumables would be N79m. Aso Rock A further breakdown of the budget also showed that N35.9m was …

Following the rumours that the federal government intends to replace the pipeline surveillance contract recently awarded to some persons in the Niger Delta with the Presidential Amnesty Programme, President of the Association of Presidential Amnesty Students worldwide, Comrade Patrick Ipidei has described the rumour as unfounded, malicious and fabricated, and meant to whip up sentiments ahead of the forthcoming general …

• Govt restricts 2023 capital expenditure to N24,500 per Nigerian Against drying revenues, the fiscal deficit of the Federal Government has jumped by close to 1000 per cent in the life of President Muhammadu Buhari administration. The fiscal deficit – the difference between earned revenue and expenditure – is estimated to reach N10.78 trillion next year as contemplated in the …

Angry youths of Kabba junction/Zariagi, one of the host communities of Dangote Cement Plc, Obajana plant, has staged a peaceful protest round the community to demand fair treatment from Dangote Group. The protest, which commenced at exactly 8am on Tuesday, saw youths in their hundreds gather at the junction opposite the Federal Road Safety Corps office with placards with different …

The National Executive Council of the Academic Staff Union of Universities will take a decision on its eight-month long strike on Thursday at an emergency meeting, even though the meeting may extend to Friday morning. Also, branches of the Union will begin consultations Wednesday over a possibility of calling off the ongoing strike, The PUNCH has learnt. The PUNCH reports that the new …

• Borrowing plan will aggravate economic woes, experts warn• Stakeholders skeptical on manufacturing sector growth prospects• Operators urge FG to channel funds to productive activities Excessive government borrowing from the capital market is posing a danger to the capacity of the real sector to create wealth and create employment, stakeholders have said. In separate interviews with The Guardian, they said …