Connect with us

News

President Bola Tinubu’s Claims he is Assessing Nigeria’s Financial Landscape.

Ikechukwu Emmanuel

Published

on

In a recent media engagement, President Bola Tinubu asserted that for the past three months, his administration has successfully met Nigeria’s financial obligations without resorting to funds from the Nigerian National Petroleum Company Limited (NNPCL) or utilizing the Central Bank of Nigeria’s (CBN) “Ways and Means” financing. This statement highlights a significant shift in the financial management of the nation, emphasizing a commitment to financial discipline.

President Tinubu stated confidently, “Push me to my brag mode, in the last three months, I’ve not taken a penny from NNPC before I meet my other obligations. To me, that is excellent.” His remarks suggest a focus on sustainability and prudent fiscal practices, marking a departure from previous administrations that relied heavily on unconventional financing methods to balance budgets.

The context of these assertions is crucial. In September 2024, CBN Governor Olayemi Cardoso pointed to the detrimental effects of excessive monetary expansion under his predecessor, citing an alarming increase in the money supply from N19 trillion in 2015 to N54 trillion in 2023. Such rapid growth, primarily fueled by “Ways and Means,” led to inflationary pressures and destabilized the economy. Tinubu’s claim of maintaining fiscal responsibility without tapping into these controversial financial practices aims to underline his administration’s resolve to create a more stable economic environment.

While the president’s confidence in his financial management may be deemed commendable, it invites scrutiny regarding the sustainability of this approach amidst Nigeria’s ongoing economic challenges. As he suggested, grading oneself can be a useful exercise; however, it is essential that this evaluation is based on tangible outcomes and broader economic indicators.

In conclusion, President Tinubu’s assertions may represent a critical moment in Nigeria’s financial governance. However, sustained vigilance and accountability will be key to ensuring that this trend towards responsible financial management yields the desired results for the Nigerian populace.

Foreign

“Take It Down Act” Signed Into Law: Federal Protection Against Non-Consensual Image Sharing.

Ikechukwu Emmanuel

Published

on

President Donald Trump has signed the “Take It Down Act” into law, criminalizing the non-consensual sharing of intimate images, including those generated by artificial intelligence. The legislation mandates the prompt removal of such content by digital platforms and carries a penalty of up to three years imprisonment for offenders.

The law garnered bipartisan support and addresses growing concerns surrounding the proliferation of deepfakes and non-consensual pornography. Platforms failing to remove flagged content within 48 hours face civil penalties. First Lady Melania Trump, a vocal supporter of the bill, attended the signing ceremony.

While praised as a significant step in protecting individuals from online exploitation, the law has also drawn criticism. The Electronic Frontier Foundation, for example, warns of potential for misuse, suggesting the legislation may grant excessive censorship powers and stifle lawful speech. Digital platforms are now mandated to implement rapid response systems for content removal upon receiving complaints.

Continue Reading

News

2025 UTME: JAMB to Release Resit UTME Results Amidst Performance Concerns.

Ikechukwu Emmanuel

Published

on

The Joint Admissions and Matriculation Board (JAMB) has announced the impending release of the results for the 379,000 candidates who participated in the rescheduled Unified Tertiary Matriculation Examination (UTME). This resit examination, conducted between Friday and Monday, followed widespread reports of technical and logistical challenges during the initial UTME administration, primarily impacting candidates in Lagos and the South-East.

JAMB acknowledged systemic lapses necessitating the resit, and Registrar Prof. Ishaq Oloyede publicly accepted responsibility for the disruptions. The release of these results comes amidst broader concerns regarding overall UTME performance, with a significant proportion of the 1.95 million candidates scoring below 200 out of 400. The Board’s spokesman, Fabian Benjamin, confirmed the results will be accessible on Wednesday. The public awaits these results with keen interest, anticipating insights into whether the resit effectively addressed the initial issues and improved candidate outcomes.

Continue Reading

News

Mohammed Accuses Tinubu Administration of Regional Bias.

Ikechukwu Emmanuel

Published

on

Controversial northern politician Hajiya Nàja’atu Mohammed has publicly accused President Bola Tinubu’s administration of prioritizing the development of the South-West region at the expense of national unity. Speaking on the Political Advantage Platform (PAP) podcast, Mohammed alleged that the government’s policies disproportionately favor the Yoruba ethnic group, asserting that the administration is “about Yorubas for Yorubas and by Yorubas.”

While claiming no personal animosity towards the President, Mohammed criticized Tinubu for allegedly focusing on regional development using national resources. She further attributed the current economic hardship to the government’s perceived disregard for the concerns of ordinary Nigerians, coupled with its reliance on external bodies for guidance.

Mohammed, a former member of Tinubu’s presidential campaign team, expressed disappointment with the administration’s performance, particularly in addressing insecurity and fulfilling the initial expectations surrounding Tinubu’s perceived experience as Governor of Lagos. Her statements raise significant questions regarding the perceived regional balance and national unity under the current administration.

Continue Reading

Trending