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Wednesday, 02 October 2024 04:50

Tinubu in Independence Day speech made 4 claims about the economy. The Cable fact-checked and found 2 to be false, 2 true. Here they’re

On Tuesday, President Bola Tinubu joined Nigerians in celebrating the country’s 64th Independence Day anniversary — his second since assuming office on May 29, 2023. The president made several claims while reading his Independence Day speech, stating how his policies and reforms have yielded results since he took over the reign of power. TheCable checked some of his claims, and here is what we found. CLAIM ONE: Tinubu said Nigeria attracted foreign direct investments (FDI) worth more than $30 billion in 2023 due to his economic policies. “The economy is undergoing the necessary reforms and retooling to serve us better…

Wednesday, 02 October 2024 04:49

NNPC ‘swore’ Port Harcourt refinery would finally start production Sept ending. Here’s timeline of the 7 times NNPC’s promises failed

The Nigerian National Petroleum Company Limited has again failed to begin fuel production at the Port Harcourt refinery in Rivers State. This is despite the refinery failing to commence operations after six postponements as of August 2024. Promises made to Nigerians by the Federal Ministry of Petroleum Resources and NNPC about the refinery have continued to hit brick walls. After the failure of the early August promise, the Chief Financial Officer of the NNPC, Umar Ajiya, said the Port Harcourt refinery would commence operations in September 2024. Speaking to journalists in August, Ajiya had said petroleum products would be ready…

Tuesday, 01 October 2024 04:49

#EndBadGovernance protests hold today as police talk tough

Organisers of today’s protest against hardship and bad governance, yesterday, alleged that the Federal Government and the Police were intimidating them but vowed to proceed with the action as the Police said protest or procession would not be allowed to take place in the Federal Capital Territory, FCT, Abuja. Nobody is harassing organisers – FG However, the Federal Government denied organisers’ allegations that they were being harassed and intimidated. Still, it said there was no need for the protest while asking the organisers to see opportunity in the various government policies and use them to better their lives. In a…

Tuesday, 01 October 2024 04:47

World Bank approves fresh $1.57bn loan for Nigeria

The World Bank has announced the approval of $1.57 billion (N2.4 trillion at N1601 to a dollar) to boost human capital in Nigeria through better health for women, children and adolescents. According to a statement by the bank, part of the support will also help to mitigate the impact of climate change in Nigeria through improvement in dam safety and irrigation. It added that “The new financing includes $500 million for addressing governance issues that constrain the delivery of education and health (HOPE-GOV), $570 million for the Primary Healthcare Provision Strengthening Program (HOPE-PHC) and $500 million for the Sustainable Power…

Monday, 30 September 2024 04:28

600 medical doctors service 20m Kano residents - Union

The National Association of Government General and Medical Dental Practitioners has raised concern over the current doctor to patient ratio in Kano State, threatening to embark on strike from October 1. The secretary of the association in Kano, Anas Idris Hassan, made this known while addressing newsmen on Saturday. He stated that despite reaching an agreement with the Kano State Government months in June, their demands are yet to be met. Hassan said the government has not addressed the issue of hazard allowance, specifically the post Covid-19 allowance, which has been paid by the federal government since 2021 but yet…

Sunday, 29 September 2024 04:58

#EndBadGovernance 2.0 slated for Oct 1. Here’s what to expect

Barely two months after the August 1-10 protests tagged #EndBadGovernance, some Nigerians are warming up for fresh nationwide protests planned to hit the streets on October 1, that is, about 48 hours away. The date coincides with the 64th Independence Day celebration of Nigeria, and the protests are basically to reinforce demands earlier made by protesters but largely greeted with silence from the Federal Government despite President Bola Tinubu’s promise in a broadcast to dialogue with protest leaders. Another reason perhaps is that #EndBadGovernance protesters, numbering over 1,000, remain in various prison facilities across the country after being charged with…

Sunday, 29 September 2024 04:56

New Covid-19 variant emerges, spreads to 27 countries globally

A new strain of Covid-19 which has been predicted to become the dominant variant globally in the next few months, is rapidly spreading through Europe and the United States. The new variant, known as XEC, was first detected in Germany in June but has spread across 27 countries, including France and the US, infecting more than 600 people. XEC is the latest in a long list of past and current Covid variants being monitored as the Covid-19 virus naturally evolves. The strain has been described by health experts as a recombinant variant. Recombinants can occur naturally when a person is…

Sunday, 29 September 2024 04:55

Nigeria loses 50% of agricultural produce post-harvest, says FAO

A Food System/Nutrition Specialist at the Food and Agriculture Organisation (FAO) of the United Nations, Ibrahim Ishaka, has revealed that Nigeria loses around 50 per cent of its agricultural products along the food supply chain. Ishaka disclosed this in an interview with the News Agency of Nigeria (NAN) on the sidelines of an FAO-organised training in Yola on Saturday. He explained that food waste poses significant challenges to Nigeria’s agricultural sector, impacting food security, economic growth, and environmental sustainability. “Some of these challenges include technological barriers, inefficient harvesting techniques, pest infestations, and lack of access to modern farming tools, all…

Saturday, 28 September 2024 04:43

90 percent of children in Northern Nigeria poor - UNICEF

A recent report from the United Nations Children’s Fund (UNICEF) has revealed that 69.2% of children in Kano State are classified as multi-dimensionally poor. The findings were presented by Fatima Musa, a Social Policy Specialist at UNICEF’s Kano Field Office, during a media dialogue held in Zaria on Friday. This alarming figure underscores the severity of child poverty in the region, with the majority of children in Kano deprived in multiple aspects of well-being, including education, healthcare, nutrition, and shelter. The media dialogue, aimed at advocating for children’s welfare, brought together news and programme managers from Kano, Katsina, and Jigawa…

Saturday, 28 September 2024 04:42

CBN extends suspension of processing fees on deposits by 6 months

The Central Bank of Nigeria (CBN) has extended the suspension ofprocessing fees on cash deposits for six months. The development comes six days before the suspension date initially fixed, expires. On May 1, banks resumed the collection of processing fees on cash deposits. Six days later, CBN suspended charges on the deposits until September 30. However, in a circular directed to all banks, other financial institutions and non-financial institutions, dated September 24, 2024, and signed by Adetona Adedeji, CBN’s director of banking supervision, the apex bank extended the date to March 31, 2025. “Further to our letter dated May 6,…

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Friday, 27 September 2024 04:45

50m children are out-of-school, roam the streets - FG

No fewer than 30 million Almajiri and 20 million out-of-school children are roaming about and in need of attention, a government official has said. Muhammad Idris, the Executive Secretary of the National Commission for Almajiri and Out-of-School Children’s Education (NCAOOSCE) disclosed this on Thursday in Abuja. Speaking at the inauguration of an eight-man committee to reform the Almajiri education, Idris said the children needed a sense of belonging and direction in their lives. “With the emergence of social vices, a lot of people are taking advantage of the vulnerability of Almajiri children. “It is no longer acceptable that people will…

Friday, 27 September 2024 04:42

FG to collect tolls on major highways nationwide, Minister says

Minister of Works, Dave Umahi, says the Federal Government will toll all major roads in the country upon completion of construction and renovation. “We have the Lagos-Ibadan (Expressway), we are completing it and we are tolling it,” Umahi said on Thursday in Abuja at an Inter-Ministerial Press Briefing, part of activities to mark Nigeria’s 64th independence anniversary.He listed some of the roads as Lagos-Ibadan Expressway, Second Niger Bridge, Abuja-Kano Road, and Makurdi-9th Mile, among others. The former Ebonyi State governor said the tolling of federal roads “is going to bring a lot of money to the Federal Government”. Umahi said…

Thursday, 26 September 2024 05:03

Naira's decline continues, nearing N1,700/$ as devaluation trend persists

The Nigerian Naira's value continues to erode, reflecting a troubling trend that began shortly after President Bola Tinubu took office on May 29, 2023. Yesterday, the currency depreciated to N1,680 per dollar in the parallel market, down from N1,655 on Tuesday, marking another milestone in its downward trajectory. The official Nigerian Autonomous Foreign Exchange Market (NAFEM) also recorded a significant drop, with the Naira falling to N1,667.42 per dollar. FMDQ data revealed an N8.94 depreciation from Tuesday's rate of N1,658.48. This decline was accompanied by a 39.6% decrease in trading volume, with only $100.47 million exchanged compared to Tuesday's $166.36…

Thursday, 26 September 2024 04:59

Sequel to new minimum wage, Corps members monthly allowance now N77,000

The Federal Government has raised the monthly allowance for National Youth Service Corps (NYSC) members from N33,000 to N77,000, effective July 2024. The announcement was made Wednesday through a statement posted on the NYSC's official Facebook page. According to the statement, "The Federal Government has approved the increment of Corps Members’ monthly allowance to Seventy-Seven Thousand Naira (N77,000) with effect from July 2024." This adjustment follows the enactment of the National Minimum Wage (Amendment) Act 2024. The approval was conveyed in a letter from the National Salaries, Incomes and Wages Commission, dated September 25, 2024, and signed by the Commission's…

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