Author: NewsQuest

The French Development Agency (AFD) on Monday met with the Special Presidential Envoy on Climate Action to discuss areas of partnership at an event commemorating 15 years of activity in Nigeria. In a statement made available to reporters, the special envoy Ajuri Ngelale who was joined by the Minister of Budget and National Planning Atiku Bagudu said the AFD remains a valued partner in the rollout of our actionable plans to create wealth and prosperity for people as the central focus of the country’s green industrial and emission mitigation efforts. He said; “This morning, we honoured the invitation of the…

The Federal Government is considering the issuance of a dollar-denominated bond in the second quarter of 2024 to attract foreign exchange liquidity and stabilize the naira. Minister of Finance Mr. Wale Edun stated this while briefing State House Correspondents at the Presidential Villa, Abuja after the Federal Executive Council (FEC), presided by President Bola Tinubu. “We are putting in place a bond issue targeted at Nigerians in the Diaspora that can attract them to buy into what is going on in Nigeria as well as give themselves good returns,” the Minister disclosed. READ ALSO: Re: Alia Govt Bandying fake figures…

The Nigerian National Petroleum Company Limited (NNPCL) says it is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project as a major step towards boosting nationwide gas supply to drive industrialization and economic growth. Group Chief Executive Officer of NNPC Ltd., Mr. Mele Kyari, confirmed this during an inspection tour of the OB3 pipeline River Niger Crossing operation at Aboh, Delta State, at the weekend. Chief Corporate Communications Officer of the NNPC, Olufemi Soneye in a statement said, by design, the OB3 Gas pipeline is the inter-connector that links the Eastern gas pipeline network to the Escravos-Lagos Pipeline System (ELPS)…

President Bola Tinubu and President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, on Monday in Abu Dhabi, have finalized a historic agreement, which has resulted in the immediate cessation of the visa ban placed on Nigerian travelers. Special Adviser on media and publicity to President Tinubu, Ajuri Ngelale on Monday said further, by this historic agreement, both Etihad Airlines and Emirates Airlines are to immediately resume flight schedules into and out of Nigeria, without any further delay. As negotiated between the two Heads of State, this immediate restoration of flight activity, through these two airlines and between…

The immediate past government of former President Muhammadu Buhari has been described as the most incompetent in the history of Nigeria, having managed an economy which per capital income of citizens fell drastically low with inflation rate skyrocketing to 24 percent. Former minister of justice and Attorney General of the Federation (AGF), Mohammed Adoke, said that the last administration was also run by very incompetent set of political ‘morons’. https://youtube.com/shorts/yYbXg2CW1ys?si=U9eVNBMaI7-I5G8i “The immediate past government is the most incompetent government we have ever seen in this country, run by a very incompetent President that this country has ever had, and we…

President Bola Tinubu has held an extensive telephone conversation with the Canadian Prime Minister over the latest coup in Gabon that ousted President Ali Bongo, with both leaders discussing efforts to halt the junta and defend democracy in Africa. Special Adviser on media and publicity Ajuri Ngelale told reporters at the Presidential Villa that the Canadian Prime Minister Justin Trudeau agreed that given the huge contribution of Africans around the world, it was important to promote democracy on the continent to achieve economic and political stability. Ajuri said, “President Tinubu held a substantive and extended discussion with Canadian Prime Minister,…

President Bola Tinubu Wednesday said that he is in close talks with African Union (AU) leaders to decide on what urgent consensus steps needs to be taken against the latest military coup in Gabon. Special Adviser on media and publicity to the President, Ajuri Ngelale who addressed a press conference at the presidential villa explained that Tinubu as a leader that has made huge sacrifices for the defence of democracy in the continent believes that power must remain with the people. “The President is working very closely and continues to communicate with other Heads of States in the African Union…

The Federal Government on Monday announced that it inherited a very bad economy from the administration of President Muhammadu Buhari, where per capital income fell drastically low and inflation rate rose up to 24 percent. Minister of Finance and coordinating minister of the economy Wale Edun, assured that the government of President Bola Tinubu was poised to reversing the situation to improve the lives of millions of Nigerians. “We met a bad economy and the promise of Mr. President is to make it better,” the Finance minister stressed. According to him, “per capital has fallen steadily, inflation is at 24…

President Bola Tinubu on Monday declared that the level of unemployment in the country was unacceptable, a situation which his new cabinet must move swiftly to tackle. The President stated this at the maiden meeting of the Federal Executive Council (FEC) at the presidential villa. A recent report showed that unemployment rate in the country fell quarter-on-quarter (QoQ) by 1.2 percentage points to 4.1 per cent in the first quarter of this year (Q1’23), from 5.3 per cent in the fourth quarter of 2022 (Q4’22). The Nigeria Bureau of Statistics (NBS) confirmed that the 2020 statistics and the current one were calculated…

President Bola Tinubu on Friday appointed Mrs. Mojoyinoluwa Dekalu-Thomas as the new Managing Director and Chief Executive Officer of the Nigeria Electricity Liability Management Company (NELMCO) for a term of four years. Special Adviser on media and publicity to the President Ajuri Ngelale in a statement said that Mrs. Dekalu-Thomas has served as the acting MD/CEO of NELMCO since the tenure of the pioneer NELMCO MD/CEO, Mr. Adebayo Fagbemi, ended on May 8th, 2023. Ajuri said her previous interim role and new substantive appointment has created a vacancy at her previous position: Executive Director, Liability Management. According to the media…