Tinubu’s govt not reliant on ways and means – Finance Minister
Photo Credit: Punch Newspaper
The Federal Government, on Tuesday, said it does not rely on ways and means to fund itself.
It also said it made no request to President Bola Tinubu for funds from the Central Bank to pay liabilities, including external debt service or share capital cash calls.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said this while briefing journalists on his presentation at the Federal Executive Council meeting presided over by President Bola Tinubu at the State House, Abuja.
Edun, who presented a positive outlook on Nigeria’s debt and revenue situation, highlighted key milestones met in the past year.
The minister said he presented a memorandum to the Council on strengthening the Nigeria Customs Service, adding that the administration had addressed practices that previously burdened the economy.
According to him, the country’s total debt stock in US dollar terms decreased by 15 per cent in the first quarter of 2024, a development he described as “very positive.”
However, the total debt stock in Naira increased by 25 per cent when factoring in exchange rate movements and domestic debt issuance.
Obasanjo arrives Davido, Chioma's wedding in Lagos
Photo Credit: The Nation Nigeria
Former Nigerian president, Olusegun Obasanjo, has arrived at the location where the wedding of renowned musician, Davido, and his partner Chioma is taking place.
Photo Credit: Google
The elder statesman was observed walking into the venue of the event in Lagos on Tuesday, June 25.
Lawyers are masters of persuasion, not liars’
Photo Credit: The Nation Nigeria
I am the first child in a family of six. I am from a mixed religious background; hence my name. I hail from Niger State; Bosso Local Government. My mom is from Owan West Local Government Area of Edo state (Ukhuse Osi clan). My Dad Yusuf-Ahmed Usman, is a retired Assistant Inspector General of Police (AIG). My Mom is also a senior police officer, still in service.
I attended Notre Dame primary and secondary school located at Benin-City, Edo state. I later proceeded for my undergraduate studies to study law at the Prestigious Benson Idahosa University in Benin City, Edo State, where I bagged my LL.B degree (Second Class Upper) with a CGPA of 4.33 in 2020. I was subsequently called to the Nigerian Bar in the year 2022 with a Second Class Hons.
I currently work in an international organization, Morgan Oxford Education) a study agency as the Operations/Legal counsel located at Victoria Island, Lagos.
Atiku decries Danfodiyo varsity deputy vice chancellor’s murder
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A former Vice President of Nigeria, Atiku Abubakar, has called on managers of Nigeria’s economy to rejig its security architecture to tackle banditry.
The ex-vice president made the call on his X account as he condemned the murder of the Deputy Vice Chancellor of Usman Dan Fodio University, Professor Yusuf Saidu, by bandits.
He said the professor’s murder is yet another reminder of the escalating state of insecurity in the country.
“We need to be deliberate about stemming the tide of insecurity that has led to the avoidable loss of precious lives. Last weekend, it was Brig. Gen. Udokwere (retd.), who had his life terminated by criminal elements. Today, it is Prof Saidu.