The Presidency has dismissed the World Bank’s latest poverty report, which claims that 139 million Nigerians are currently living in poverty, describing the figure as exaggerated and disconnected from the realities of the country’s economy. President Bola Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare, made this known in a post on X
The Federal Government has launched emergency repair efforts on key bridges along the Lagos-Ibadan Expressway, following serious structural concerns uncovered during an official inspection led by the Minister of Works, David Umahi. During the inspection tour, which included directors of highways, engineers from the Federal Ministry of Works, and officials from Lagos and Ogun States,
The Federal Government Staff Housing Loans Board (FGSHLB) has initiated a crackdown on retired civil servants who have defaulted on housing loan repayments, signaling a significant policy shift to enforce compliance and recover public funds. In a recent statement, FGSHLB’s Head of Information and Public Relations, Mrs. Ngozi Obiechina, announced that the Board is compiling
In a significant move to address the mounting financial strain in Nigeria’s power sector, the Federal Government has announced plans to settle ₦2 trillion of the ₦4.7 trillion debt owed to electricity generation companies (GenCos) by the end of 2025. This initiative aims to prevent potential power plant shutdowns and ensure the continuity of the
