Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy. The analysts, in separate interviews with newsmen, warned that a sustained policy of printing the currency, if not well managed, would hurt the economy. The concern came on the heels of recent revelation by Governor of Edo State, Mr. Godwin Obaseki, that due to the dwindling revenue in the face of declining oil revenue arising from the growing sources of alternative sustainable energy, the federal government had to print money to augment the amount available for sharing by the federal, state and lo...
Kaduna state government has said further checks in the wake of the attack by armed bandits on the Federal College of Forestry Mechanization, Afaka, Igabi LGA indicated that 39 students are currently unaccounted for. In a statement issued by Samuel Aruwan, Commissioner, Internal Security and Home Affairs, said the missing students included males and females. The statement said: “In an earlier update, citizens were informed that troops rescued 180 persons following an attack by armed bandits on the College late Thursday night, with about 30 still missing. The number of missing students is now confirmed to be 39, comprising 23 females and 16 males. Aruwan said the state government, “is maintaining close communication with the management of the College as efforts are sustained by security agen...
Nasarawa State has assured its internal electoral agency of a free hand to run elections into the 13 local councils. The Deputy Governor, Emmanuel Akabe, disclosed this on Friday while declaring open a two-day training workshop organised for members and staff of the Nasarawa State Independent Electoral Commission (NASIEC). Akabe, who represented Governor Abdullahi Sule at the event, assured that the state government would not interfere in the conduct of council elections, but support the complete independence of the commission to conduct free, fair and credible council elections. “In a society like ours, free, fair and credible election constitutes the basic principle of democracy. In this regards, electoral administrators are the drivers who ensure that the tenets of democracy are greatly...
The U.S. State Department on Friday said Washington will de-link its pause on some aid to Ethiopia from its policy on the giant Blue Nile hydropower dam that sparked a long-running dispute between Egypt, Ethiopia and Sudan. U.S. State Department spokesman Ned Price told reporters that President Joe Biden’s administration will review U.S. policy on the Grand Ethiopian Renaissance Dam (GERD) and will assess the role the administration can play in facilitating a solution between the countries. A bitter dispute between Egypt, Ethiopia and Sudan over the filling and operation of the dam remains unresolved even after the reservoir behind the dam began filling in July. “We continue to support collaborative and constructive efforts by Ethiopia, Egypt and Sudan to reach an agreement on the GERD,” P...
Derby County’s chief executive has told the first-team squad that the club is unable to currently afford to pay them their outstanding wages from December, but is working to address the problem. Most of Derby’s first-team squad were only paid 50 per cent of the money that was due to them on December 15 and were told the rest would be paid in full, together with their current month’s wages, on January 15. But, repeated delays in the protracted takeover by Sheikh Khaled’s Derventio Holdings has meant the club has a major cash flow problem. After a number of missed deadlines, it had been hoped that the deal would be concluded on Tuesday night, but the purchase of the club remains incomplete. Sky Sports News has been told that there is a legally binding agreement between the two parties for th...
South Africa on Tuesday assumed the rotating monthly presidency of the United Nations Security Council. During the month, South Africa will focus on strengthening the cooperation between African Union (AU) and United Nations, and emphasising the importance of a proactive approach to the maintenance of international peace and security, particularly in the form of drawing greater attention to “preventative diplomacy mechanisms,” Jerry Matjila, permanent representative of South Africa to the UN and president of the Security Council for the month of December, told journalists during a hybrid press briefing at the UN headquarters in New York. This is South Africa’s second presidency during its two-year (2019-2020) elected term on the council. December will also be the country’s final month on t...