There was a recent public spat between the camps of Kaduna governor and the immediate past governor of the state. The spat, which occurred during the weekend, centered on a foreign loan taken by former Governor El-Rufai. Shehu Sani, who opposed the loan in 2018, has now reacted to the controversy. Eko Hot Blog reports … Read more
EKO HOT BLOG reports that the Kogi State Government has leveled accusations against the Economic and Financial Crimes Commission (EFCC), alleging a targeted persecution of the immediate past governor, Yahaya Bello. In a statement issued on Friday by the state Commissioner for Information, Kingsley Fanwo, the government contended that the purported witch-hunt was instigated by certain … Read more
Eko Hot Blog reports that the Nigeria Labour Congress has blamed the International Monetary Fund, IMF, and World Bank for the power sector crisis in Nigeria. This came as workers in the nation’s power sector called for a total review of the power sector privatization, saying the exercise was a huge failure that did not … Read more
Eko Hot Blog reports that the World Bank has issued a cautionary statement, highlighting the imminent risk of severe food crises in seven states across the North-west and North-east regions of Nigeria. The regions, including Borno, Adamawa, Kaduna, Katsina, Yobe, Sokoto, and Zamfara, face heightened food insecurity due to persistent insecurity, armed conflicts, and deteriorating … Read more
Eko Hot Blog reports that the World Bank has pledged to step up financial support for Nigeria in priority needs of the economy. The World Bank Managing Director of Operations, Anna Bjerde, disclosed this to journalists on Thursday after a courtesy visit on President Bola Tinubu at the Presidential Villa, Abuja. Bjerde, said the Bank … Read more
Eko Hot Blog reports that President Bola Tinubu has on Sunday urged a prompt review of global taxation structure to address the imbalance in the worldwide tax system. The opening of the third South Summit between the Group of 77 and China on Sunday in Kampala, the capital of Uganda, Tinubu lamented that the current … Read more
Eko Hot Blog reports that the Debt Management Office (DMO), on Wednesday, announced that the total public debt of Nigeria had increased to N89.71 trillion at the end of the third quarter of 2023. The figure represents a marginal increase of 0.61 percent compared to N87.38 trillion recorded at the end of June 2023. The … Read more
Eko Hot Blog reports that an inferno broke out at the Multi-Sectoral Crisis Recovery Project (MCRP) coordination office in Damaturu, Yobe State earlier today. This news medium gathered that the office, supported by the World Bank, is situated along Potiskum Road. The tragic fire incident reportedly broke out around 12:40 pm on Sunday. According to … Read more
EKO HOT BLOG reports that President Bola Tinubu, on Tuesday, launched the Conditional Cash Transfer Programme for 15 million households. The President represented by the Secretary to the Government of the Federation, George Akume, launched the programme at an event held at the Press Gallery of the State House in Abuja. Editors Pick Senate In … Read more
Eko Hot Blog reports that he World Bank Country Director, Shubham Chaudhuri has announced that the $800 million palliative will be disbursed soon. Chanduri revealed this to Betta Edu the Minister of Humanitarian Affairs and Poverty Alleviation (FMHAPA) at the bank’s headquarters in Abuja. He said “The proposed disbursement of $800m for the Social Safety … Read more
Eko Hot Blog reports that President Bola Tinubu has revealed the motive behind a comprehensive forensic audit of the Central Bank of Nigeria (CBN). Tinubu spoke on Friday at the presidential villa during a meeting with Ajay Banga, the World Bank president. EDITOR’S PICKS Meet Tunji Alausa, The Epe-born Nephrologist On Tinubu’s Second Ministerial List … Read more
EKO HOT BLOG reports that the World Bank yesterday disclosed plans to support the Nigerian Electrification Project (NEP) with an additional $750 million. Ms Elizabeth Huybens, World Bank’s Director of Strategy and Operations for Western/Central African Region, disclosed this shortly after inspecting a 60kw solar-powered mini grid in Kilankwa II, a settlement in Kwali … Read more
Eko Hot Blog reports that the Lagos State Ministry of Women Affairs and Poverty Alleviation (WAPA), through the Livelihood Delivery Platform (DLi 1:3) under the Nigerian COVID-19 Action Recovery Economic Stimulus (NG-CARES) programme, says it has embarked on soft skills training of 400 vulnerable and indigent beneficiaries in Lagos. The programme is aimed at ensuring … Read more
Trillions of dollars wasted on subsidies for agriculture, fishing, and fossil fuels could have addressed climate change, according to the World Bank. Governments spend $1.25 trillion annually on these sectors, six times more than their Paris Agreement commitment. Repurposing these subsidies can tackle global challenges and create a better future. EKO HOT BLOG reports that … Read more
SERAP has urged the World Bank to halt the $800m loan disbursement to Nigeria Government. President Buhari had requested the Senate’s approval for the World Bank loan. The group appealed to the World Bank to require the Nigerian government to provide adequate explanations for the loan. EKO HOT BLOG reports that the Socio-Economic Rights and … Read more
A legal practitioner in Benin has accused the Edo State chapter of the APC of spreading false information against Governor Godwin Obaseki. The lawyer, Greg Ewah, made the statement in response to a comment made by APC chieftain, Prince John Mayaki, who criticized Obaseki’s Edo State Basic Education Sector Transformation (EdoBEST) program. Mayaki urged the … Read more
The “Sanwo Switch to Gas” project was initiated by LASEPA. The initiative rewards Lagos residents with gas cylinder in exchange for plastic wastes, unserviceable and abandoned electrical appliances, among others. The Lagos first lady recently attended the launch of the project on the Lagos Island. Eko Hot Blog reports that Lagos State First Lady, Dr. … Read more
By Praise Ben With a flourish of his pen, President Muhammadu Buhari etched his signature onto the eighth and final appropriation bill presented to him by his government. The bill, however, had not come without controversy, as the National Assembly had sent him estimates that were deemed ‘unreconciled’ and ‘spurious.’ But undeterred by the strife, … Read more
The global economy is “perilously close to falling into recession,” according to the latest forecast from the World Bank. Eko Hot Blog reports that it expects the world economy to grow by just 1.7% this year – a sharp decrease from the 3% it predicted in June. EDITOR’S PICKS US: Justice Department Investigates Potentially Classified … Read more
The Lagos Government is set to partner the private sector in building regulatory process. Eko Hot Blog reports that the Lagos State Government has said that it would soon release new methods that will aid private participants in building control and development measures of the present administration. EDITOR’S PICKS Lagos Launches Domestic And Sexual Violence … Read more