Author: Alexa Obiora

Despite President Bola Tinubu’s Monday announcement of subsidy removal palliative plans, organized labor has stated that it will still hold its scheduled statewide demonstration on Wednesday. In a national broadcast, Tinubu launched an N500 billion palliative for farmers, small companies, and manufacturing. He also announced plans to buy 3,000 public transport buses and raise pay. Despite the President’s last-minute attempts to stop the demonstration, Joe Ajaero, the president of the Nigeria Labour Congress, declared that the event will proceed as planned. After Monday’s negotiations between organized labor and the Federal Government ended in a deadlock, Ajaero spoke shortly after. On…

President Bola Tinubu has provided an explanation of his decision to stop the nation’s gasoline subsidy program. The fuel subsidy has to go, according to Tinubu, since the nation could not continue to support it. The trillions of naira annually spent to maintain the subsidies, he continued, were intended to improve, among other things, national security, housing, education, and the healthcare and transportation sectors. In a speech heard by the entire country on Monday, Tinubu said that the funds were being transferred to a small number of people with large bank accounts and deep pockets. “This group had amassed so…

According to President Bola Tinubu, the economic flaws he is working to rectify primarily favor the wealthy, which is why fuel subsidies had to be eliminated and other fiscal measures were put into place. On Monday, he clarified during his speech to the country. According to him, those that benefited from the old order will fight back. However, the President pledged to lessen the burden the current circumstance had placed on the working class and the most defenseless among us. Tinubu said: “I had promised to reform the economy for the long-term good by fighting the major imbalances that had…

The appointment of a special investigator by President Bola Tinubu to look into the Central Bank of Nigeria, the Nigerian National Petroleum Corporation Limited, and other government business entities has the support of economists and civil society organizations. In various interviews with The Spectator on Sunday, the experts and NGOs argued that the probe was required to find out whether the suspended CBN Governor, Godwin Emefiele, and other senior government officials had broken any laws or been accused of abusing their positions. Their remarks followed Tinubu’s choice of Jim Obazee, the former CEO of the Financial Reporting Council of Nigeria,…

According to the most recent data from the Central Bank of Nigeria, cash held outside of banks increased to N2.26 trillion at the end of June 2023. The Spectator received data from the CBN showing that between January 2023 (N792.18bn) and June 2023 (N2.26tn), the value of cash outside banks increased by 185.68% (N1.47tn). The Spectator also discovered that the amount of money in circulation in the nation increased by 87.05% (N1.21 trillion) from N1.39 trillion in January 2023 to N2.6 trillion in June 2023. Due to the CBN’s naira redesign policy, it had previously decreased by 235.33% to N982.09…

On Thursday, the Independent National Electoral Commission urged the establishment of voter registration offices in the host communities and camps for internally displaced people. The registration centers, according to the commission, would make it easier for IDPs to exercise their right to vote. Prof. Kunle Ajayi, National Commissioner and Chairman of INEC’s Outreach and Partnership Committee, announced this in Abuja at the IDP coordinators’ training on the rules and framework for voting by IDPs in 2022. The program, which was run by the All-rights Foundation Africa and sponsored by the European Union’s Support for Democratic Governance in Nigeria, was designed…

Google, a technology company, has added the Naira, a currency used in Nigeria, as one of the accepted payment methods on its Play Store. This is the result of its collaboration with Verve, whose goal is to simplify digital transactions for Nigerians on the Google Play Store. The business claims that Nigerians can now make purchases on the Google Play Store with their Verve cards. It stated that under its new partnership, Google would process Verve transactions within Nigeria, and the transactions would be undertaken in naira and treated as local transactions by the country’s banking institutions. Head of Retail…

President Bola Tinubu’s 28 ministerial picks have been made public by the Senate. GodsWill Akpabio, the Senate President, read the names at Thursday’s plenary. The later document, which contained the list of nominations for ministerial positions, was personally handed by Femi Gbajabiamila, the chief of staff and former speaker of the House of Representatives. Former governor of Rivers State Nyesom Wike, his Kaduna colleague Nasir El-Rufai, and former governor of Ebonyi David Umahi are prominent individuals who made the list. SEE FULL LIST BELOW: 1. Abubakar Momoh 2. Amb Yusuf Maitama 3. Architect Ahmad Dangiwa 4. Hanatu Musawa 5. Chief…

A day after being overthrown in a military coup, Niger’s President Mohamed Bazoum defiantly promised to defend “hard-won” democratic victories on social media on Thursday. Hassoumi Massoudou, the nation’s foreign minister, also made a call to action for “all democrats and patriots” to prevent the coup on X, the site that replaced Twitter. They made their declarations after troops on national television on Wednesday night announced that Bazoum had been deposed and that all republican institutions had been suspended, making this the seventh coup in West and Central Africa since 2020. Members of the presidential guard earlier on Wednesday stopped…

If Peter Obi, the Labour Party candidate for president on February 25, wins the electoral petitions tribunal, veteran singer and social activist Charles Oputa, aka Charly Boy, has threatened to walk nude on the streets. Bola Tinubu was declared the election’s victor by the Independent National Electoral Commission, and he was later inaugurated in as the president. Following that, the Labour Party and its candidate went before the court to contest Tinubu’s victory. In a tweet posted on Wednesday, Charly Boy threatened to strip off in celebration if the tribunal declared Obi the winner. When the Tribunal announces Peter Obi…