The Nigerian economy has faced numerous challenges over the years, with one of the most pressing issues being hyperinflation. As we examine the current state of the Nigerian economy, it becomes evident that hyperinflation remains a significant challenge. The recent announcement made by the Minister of Finance, Wale Edun, regarding the Central Bank of Nigeria’s printing of N22.7 trillion for the previous federal government of Muhammadu Buhari through Ways and Means overdraft from 2015 to 2023 has brought to light the underlying cause of the economic turmoil faced by the country. By Abdul-Azeez Suleiman The recent revelation by the Minister…
Author: TheStories
Security is very paramount to all facets of development in any clime, either in Nigeria or other parts of the continent and worldwide. Consequently without it, nations will not prosper, societies will stagnate without growth. By Yahaya Sarki In Nigeria, the story is the same and has in the most recent years, become a quagmire in most parts of the country. Although security is on the exclusive list of Nigeria’s 1999 Constitution(as amended), yet it is everybody’s responsibility in need of collective effort by the three tiers of government to ensure peace and serenity. The provision of security to safeguard…
The Kaduna Sector Command of the Federal Road Safety Corps(FRSC), says 12 persons died and 28 others sustained injuries in a road crash along Zaria-Kano expressway. The Commander, Mr Kabir Nadabo said the fatal road traffic crash occurred at Tashar Yari village at 7:36 a.m. on Monday. “The trailer with a registration number KTG 454 ZZ was traveling to Kano when the unfortunate incident occurred,” Nadabo said. He said that the cause of the crash was wrongful overtaking, speeding, and overloading, which sadly resulted in a high number of fatalities. Nadabo said the Chairman of Makarfi local government and the Unit Commander, Tashar…
The African Development Bank (AfDB) says it is supporting Nigeria with $134 million to cultivate 300,000 hectares of rice, 300,000 hectares of maize, 150,000 hectares of cassava and 50,000 hectares of soybeans to boost food production. The president, Dr Akinwunmi Adesina, disclosed this to newsmen when he visited the Centre for Dryland Agriculture (CDA) at Bayero University, Kano on Saturday. Adesina said the support for the 800,000 hectares will be to servuyce the 2024 planting season. “This March, the AfDB is supporting Nigeria to cultivate 118,000 hectares of heat-tolerant varieties of wheat and another 150,000 hectares of maize. “We live…
Mr. Wong’s academic background, with a Double Degree and PhD from Harvard University in Economics, is certainly impressive. However, what truly set him apart from the other candidates was his exceptional score in the various criteria used to evaluate his suitability for the role. Character, performance, integrity, quality, and job Key Performance Indicators were all given careful consideration, with Mr. Wong emerging as the candidate who demonstrated the highest level of excellence in each of these areas.
As the administration of Sokoto State under the leadership of His Excellency, Dr. Ahmed Aliyu Sokoto is now presumably devoid of any distraction sequel to the conclusion of election litigation in his favor at the nation’s apex court, I am not oblivious of the fact that, His Excellency, Dr. Ahmed Aliyu Sokoto is now in a stable frame of mind to face the business of governance before him. Even though, the sole purpose of this piece is not to lecture His Excellency on governance, it is however, highly imperative at this juncture of his journey into the provision of democratic dividends in line with his campaign promises, to remind him of what is expected of him in providing good governance within the realm and perspective of the main social indicators of development namely: education, health, employment rates and gender equality.
Nigeria, as one of the largest economies in Africa, has been facing a plethora of challenges in recent years that have contributed to the current general and pervasive hardships faced by its citizens. One of the key factors behind these hardships is Nigeria’s failing fiscal policies, which have not only failed to effectively address the country’s economic woes but have also exacerbated them.
The Power Holding Company of Nigeria (PHCN) was established with the noble goal of providing a reliable electricity supply to the citizens of Nigeria. However, it has sadly devolved into an organization that routinely engages in acts of incompetence and arbitrary treatment towards its consumers. One glaring example of this misconduct can be seen in the way PHCN has been disconnecting whole estates in places like Garki Area 11 without any reasonable justification.
The National Drug Law Enforcement Agency, NDLEA, has successfully dismantled and arrested members of an organized criminal organization which specializes in trafficking heroin across Nigeria, South Africa, Mozambique, Europe and America in a 12-day well-coordinated operation leading to the seizure of the single largest consignment of heroin at the Murtala Muhammed International Airport, MMIA Ikeja Lagos.
The Federal Operations Unit Zone ‘B’ Kaduna of the Nigeria Customs Service, says it has arrested the officer, who allegedly extorted N500,000.00 from a car buyer named, Muhammad Dahiru Ahmad along Mokwa-Jebba Road in Niger state.