The current fiscal policy and debt servicing mechanisms need serious and urgent attention and inclusion to boost the steps taken by the MPC. Fiscal reforms have been a recurring call by many experts and stakeholders, as the ripple effects of the nation’s fiscal policy are becoming evident in the socioeconomic challenges being witnessed. In a recent development, the Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), to stimulate growth, took steps to...
The decision by CBN to raise the Monetary Policy Rate (MPR) marked a substantial adjustment aimed at addressing the persistent inflationary challenges faced by the country. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by four hundred basis points to 22.75 per cent from 18.75 per cent. In a pivotal move, the Apex Bank announced a significant shift in its monetary policy during the...
The Committee on an oversight function visit to NASENI expressed satisfaction while being conducted around some of its products and facilities. The Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation, tricycles, electric motorbikes and others with accelerated technology transfer. The Chairman, Senate Committee on NASENI Senator Ezenwa Francis Onyewuchi (LP, Imo East) who led other members of the Committee...
He said for state police to work effectively and independently it will require state legislation that is independent, vibrant and can ultimately stand its ground. Nigerians are persistently yearning for the reformation of the police force which will assist the security outfit in effectively discharging their primary responsibility of protecting the lives and property of Nigerian citizens. This was revealed by Oke Epia, Executive Director, OrderPaper, a guest on the Morning Show at Arise TV...
The foreign debt may rise if requests for loans by the Federal Government are approved by the National Assembly with little or nothing to show as to what the loans were used for. The Civil Society Legislative Advocacy Centre (CISLAC) and other Civil Society (CSO) groups have called on the National Assembly to address Nigeria’s revenue shortfalls and tackle the current hardship in the country through urgent legislative measures. The group comprising of the CISLAC...
There has been several backlash from Nigerians against the calls to regulate social media. Social media censorship has become a recurring trend in today’s globalised world, given the fact that some online platforms have become serious tools for the perpetration of multiple forms of vices, however, it is impossible to outline the importance of access to information on the Internet and social media, as it also provides young people with a range of benefits and...
Judgement without justice is an opinion article by Sesugh Akume, a public policy analyst, who wrote from Abuja. Two weeks ago, on Monday 29 January, the Honourable Mr Justice Emeka Nwite of the Federal High Court (Court 9) sitting in Abuja held in the matter of Sesugh Akume v Chief Registrar, Supreme Court of Nigeria (FHC/ABJ/CS/1491/2020) that the Chief Registrar of the Supreme Court erred when a Freedom of Information (FOI) application I had made...
Dr Samson Osagie, a Legal Practitioner and Political Economist says Tinubu should ignore IMF and other Bretton Wood Institutions because Nigerians are suffering. Recently, the Executive Board of the International Monetary Fund (IMF) rising from its Post Financing Assessment (PFA) urged the Federal Government under President Bola Ahmed Tinubu to phase out completely all forms of subsidies including electricity subsidy. It praised the President’s economic policies as capable of putting the nation on a path...
IMF, following its Post Financing Assessment (PFA), has called on the Federal Government led by President Bola Ahmed Tinubu to phase out completely all forms of subsidies including electricity subsidies. Legal practitioner, political economist, and a former Minority Whip of the House of Representatives, Dr Samson R. Osagie has urged President Bola Tinubu to ignore the recommendation of the International Monetary Fund, IMF, on subsidies. Hon. Osagie, in an open letter to the President, stated...
Following the resolution, the disconnection approval granted to MTN for the disconnection of Globacom has now been withdrawn. The Nigerian Communications Commission (NCC) has announced that the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom) has been amicably resolved. According to a statement signed by Reuben Muoka, Director, Public Affairs, NCC, following the resolution, the disconnection approval granted to MTN for the disconnection of Globacom has now been withdrawn. Following...
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