news and current affairs.
REA, NBS team up for Nigeria’s first national energy survey
The Rural Electrification Agency and National Bureau of Statistics locked down a partnership to run a nationwide energy survey that tracks electricity access using the World Bank's Multi-Tier Framework, and REA boss Abba Abubakar Aliyu says the whole thing will pump out granular data on affordability and off-grid solutions to guide rural electrification plans. Statistician-General Adeyemi Adeniran from NBS is handling technical oversight and sampling methods to keep everything aligned with global standards. The 18-month project examines household energy spending patterns, willingness to pay for grid connections, and usage of solar systems plus mini-grids across communities and businesses. The World Bank is funding field collection...
Civil society slams Dangote’s call to probe NMDPRA chief
The League of Civil Society Groups came after Aliko Dangote for publicly demanding a probe into NMDPRA boss Farouk Ahmed instead of filing formal complaints through oversight channels like the National Assembly or anti-corruption agencies. National Secretary Mohammed Bassah said the billionaire's media accusations undermine institutional stability and bypass proper accountability procedures that require evidence before making allegations stick. The group defended NMDPRA's authority under the Petroleum Industry Act to approve fuel imports when domestic refineries fall short of meeting consumption needs, and it pointed out that no single facility has covered national demand yet. Bassah called Dangote's price predictions speculative...
Nigeria ditches debt binge, pushes hard on N35T revenue target
Nigeria's debt pile hit 152 trillion naira while Finance Minister Olawale Edun told senators the government is ditching heavy borrowing for aggressive revenue collection after missing 30 trillion naira in targets this year. The feds projected 40 trillion coming in but only grabbed 10 trillion, and Edun admitted most of the debt surge came from transparency moves that exposed unrecorded Ways and Means financing plus exchange-rate adjustments that added 80 trillion to the books without actual new loans. Senate Finance Committee chair Sani Musa warned the tax reform rollout needs serious nationwide education campaigns because the public has zero clue what's dropping next year, and confusion will tank the whole thing. The committee bumped...
Govt revenue dips below N2T, FAAC shares N1.928T in November
Nigeria dropped below the 2 trillion naira distribution mark for the first time in four months after the Federation Account Allocation Committee divvied up 1.928 trillion naira among federal, state, and local governments following sharp declines in petroleum profit tax, company income tax, VAT, import duties, and electronic money transfer levies. The feds grabbed 747 billion naira while states took 601 billion and local councils got 445 billion, with another 134 billion going to oil-producing states as derivation cash. Gross statutory revenue tanked from 2.164 trillion in October to 1.736 trillion, and VAT collections slid from 719 billion down to 563 billion. The committee blamed the revenue crater on drops across most major tax...
FCMB Pensions pays out N200B, eyes micro pension for wider inclusion
FCMB Pensions boss Christopher Bajowa says the company pushed out over 200 billion naira to retirees and beneficiaries since they started operating, and the whole anniversary walk thing in Abuja aims at getting micro businesses into the pension system because the regulator wants better coverage. Bajowa mentioned that pension assets hit 26 trillion naira under the Contributory Pension Scheme despite inflation eating into payouts, and customer feedback helps them figure out where the service falls short. The sensitization march kicked off from the Central Business District office and headed to Wuse Market, where informal traders operate without pension plans. The company wants digital platforms handling most customer interactions while...
Lagos-Calabar highway opens first stretch, Tinubu’s legacy rolls on
Nigeria cracked open the first chunk of the Lagos-Calabar Coastal Highway after years of delays, and Works Minister David Umahi says the 47-kilometer stretch from Ahmadu Bello Way to Eleko Village in Lagos represents the initial piece of President Bola Tinubu's massive infrastructure push. The project involves a six-lane reinforced concrete highway with streetlights and surveillance cameras that supposedly handle emergencies within five minutes, and it cost Hi-Tech Construction Company about 1.067 trillion naira to build. The full route aims to connect nine coastal states from Lagos through Cross River while hitting 258 kilometers total, with various sections already under construction in Ogun, Rivers, Akwa Ibom, and Cross River. Umahi...
Nigeria reels in $1B blue economy fund to boost marine startups
Nigeria locked down a billion-dollar innovation fund for marine and blue economy startups, and Maritime Innovations Hub CEO Ronke Kosoko says the cash gets announced at a Lagos summit where international money people meet President Bola Tinubu and Central Bank Governor Olayemi Cardoso. The fund follows a $100 million training package that already came through for maritime capacity building, and around 370,000 young people across all states will connect virtually to the event alongside governors and senators. Kosoko pointed out that shipping lines keep bouncing to Togo and the Ivory Coast because Nigerian ports have infrastructure problems and policy headaches that push billions in revenue to neighbors who built their businesses around...
Mom drags ex to court over ADHD son’s schooling, seeks $250 monthly
Caroline Chibaya dragged her ex-husband Alfred Mandido to Harare Civil Court, asking for $250 monthly support for their 17-year-old son, who has ADHD, and she claims the dad kept the kid out of school for a year while pushing traditional healers instead of actual treatment. She wants him in a boarding rehab program because the teen keeps disappearing for days at a time under the father's watch, and she paid tuition herself until the money dried up. Mandido said he lives with the boy and buys his medication, offering only $50 per month since he hustles around $150 with no real job. Magistrate Hannah Fazilahmed ruled they need to find a proper special-needs school and split all costs equally between both parents, but she told Chibaya she...
Son booted from dad’s mines after $20K betrayal, court rules
A Zimbabwean judge told Wambutso Donald Makoni to get off eight mining claims after his dad revoked the power of attorney that let him run the family operation. Justice Maxwell Takuva shut down arguments that the father was mentally incompetent after a stroke, saying physical disability does not equal mental incapacity, and the elder Makoni had every right to yank legal authority after discovering his son allegedly sold claims and pocketed $20,000 without permission. The court gave Wambutso 14 days to leave the site or face sheriff enforcement, plus he has to cover legal costs for the whole mess. The ruling reinforces that trusted authority can not be abused even between family members, and property rights hold up regardless of blood...
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