2022: FIRS makes history, crosses N10trn line, surpasses 2021 target

January 23, 2023 Benjamin Umuteme 0

The Federal Inland Revenue Service (FIRS) Monday said it has collected over N10.1 trillion tax revenue in 2022. The sum, according to Blueprint ’s findings, is about N3.6trillion higher than the N6.40trillion collected in 2021.   The Service announced this in Abuja in its “FIRS 2022 Performance Update” report signed by its Executive Chairman, Mr. Muhammad Nami.  It said: “The FIRS, in the Read More

Senate tasks executive on speedy passage of N23.7trn Ways & Means 

January 18, 2023 Taiye Odewale 0

The Senate Tuesday sounded serious note of warning to officials of executive arm of government needed for required details on passage of  N23.7trillion Ways and Means restructuring forwarded to it by President Muhammadu Buhari in December last year. It specifically ordered the Minister of Finance, Budget and National Planning, Zainab Ahmed and Governor of the Central Bank of Nigeria ( Read More

Debt servicing, relief and restructuring: Evaluating IMF/WBG 2022 meeting

October 18, 2022 Admin III 0

Emerging economies across the world, especially countries across sub Saharan Africa, have always had a date with debt servicing. And this alone is causing a huge deficit to their domestic fiscal policies. This situation compels many of these emerging economies work through tight measures to ensure adequate budget in a fiscal year. For instance, African countries’ debt profiles read in Read More

State Police: Has the North finally committed to restructuring?

September 30, 2022 Admin III 0

Against the backdrop of endless killings and extreme security situations haunting the nation with the northern part of the country the worst hit, it appears the region has joined the calls for the creation of the state police; KEHINDE OSASONA writes. State police? It would be an understatement to say that the nation is going through its worst insecurity occasioned Read More

Sterling Bank poised to change name as shareholders approve restructuring

Sterling Bank Plc will assume a new name after receiving shareholders’ approval to convert from a core banking business to a holding company, setting it up for the opportunity to gain controlling stake in companies where it currently holds substantial interest. The lender will become known as Sterling Financial Holdings Company when the transition is delivered, according to a regulatory Read More

NNPC Ltd: The economic foster child of restructuring

One common adage is “it is better late than never”! This is exactly what happened to our national cash cow that has been providing the national milk. The establishment of the Nigerian National Petroleum Corporation, NNPC, as a state-owned enterprise, was supposed to be a multinational corporation like its peers like Petronas of Malaysia and Petrobras of Brazil. Initially, when Read More

DisCos restructuring temporary – FG

July 13, 2022 Admin III 0

The government has said that the restructuring of five of the nation’s energy distribution companies is temporary. The Minister of Power, Abubakar Aliyu, said this in a statement signed by his spokesperson, Isa Sanusi. The government announced that the Port Harcourt, Kano, Kaduna, Ibadan and Benin distribution companies were the affected electricity companies. The statement said that qualified private sector Read More

Monarch advocates restructuring to ensure true federalism

November 29, 2021 Barnabas Olabisi 0

The need for total restructuring of the nation as a way out of the current quagmire bedeviling the nation is one of the best options for the country to move forward, the chairman of the Ondo State Council of Obas, Oba Aladetoyinbo Ogunlade Aladelusi has said. He stated this at the 14th Public Lecture and Presentation of Essays in honour Read More

Afenifere’ll lead Yoruba to demand restructuring before 2023 elections – Adebanjo

November 11, 2021 Bayo Agboola 0

National leader of the Pan Yoruba Socio political organisation, Afenifere, Chief Ayo Adebanjo, Thursday said the organisation is ready to lead the Yoruba nation to demand substantial restructuring, before the 2023 general elections. Chief Adebanjo who stated this at a press conference held at wheat hotel Ikoyi in Lagos on the state of the nation emphasized that Nigeria ” is Read More

Akeredolu gives reasons for restructuring

November 10, 2021 Barnabas Olabisi 0

The Ondo state governor, Arakunrin Oluwarotimi Akeredolu, SAN, has said the hue and cry about restructuring which has continued endlessly across the country is about devolving power to the states to make them function effectively. Governor Akeredolu declared that he doesn’t believe in the disintegration of the country, but said the fiscal policy and over-centralisation of power in the hands Read More

Arewa Youth identifies restructuring as panacea to Nigeria’s challenges

November 7, 2021 AbdulRaheem Aodu 0

Arewa Youth Consultative Forum (AYCF) has identified restructuring, by reverting back to concentrating power at the states and reducing power at the center, as panacea to the myriad of challenges bedevilling Nigeria. Nigeria has had to grapple with insurgency, insecurity, corruption, underdevelopment and a host of other challenges that has contrived to hold the country back from achieving its huge Read More

Unions allege Total oil targeting Nigerians for retrenchment

October 22, 2021 Segun Odunewu 0

Some unions in Nigeria’s oil and gas sector have alleged that Nigerians are being targeted for retrenchment in the ongoing organisational restructuring carried out by TotalEnergies Marketing Nigeria Plc, formerly known as ‘Total Nigeria Plc’. In what seems to be a preparation for a showdown, the employee unions continue to exert pressure on Total Nigeria’s management on the organisational restructuring, Read More

Revenue generation: Transformation in lottery industry yielding results- Gbajabiamila

October 13, 2021 Bode Olagoke 0

The Director General of the National Lottery Regulatory Commission (NLRC), Lanre Gbajabiamila has said the country would soon witness a boom in lottery business as the transformation process of the industry commenced in 2017 has started yielding positive results. Speaking with newsmen in his office, Wednesday in Abuja, Gbajabiamila said the boom would lead to significant rise in the nation’s Read More

Restructuring won’t solve Nigeria’s political problems’

October 8, 2021 Aideloje Ojo 0

A former member of the National Assembly, Dr. Usman Bugaje, has advised against restructuring, arguing that it “will not solve Nigeria’s political quagmire.” According to him, only competent leadership would address the challenges facing the country. Bugaje gave the advice Friday while speaking at the Maitama Sule Leadership lecture series organised by the Students Wing Coalition of Northern Groups in Read More

Only restructuring can restore Nigeria’s lost glory – Makinde

October 3, 2021 Bayo Agboola 0

Governor Seyi Makinde has said that only a restructured Nigeria will help the nation regain her past glory among the comity of nations. The governor stated this Saturday at the launch of SATVIEW Network digital broadcast channel, held at the SATVIEW Network headquarters, Ring Road, Ibadan. He pointed out that with the present situation in the country, it is clear Read More

Akeredolu calls for urgent restructuring of Nigeria

October 3, 2021 Barnabas Olabisi 0

Following rate of criminality and security challenges facing the nation, Govenor, Oluwarotimi Akeredolu, of Ondo state has called for urgent restructuring of the country in the best interest of all. Governor Akeredolu, speaking over the weekend in Akure, Ondo state capital during the commemoration anniversary of the 61st  anniversary of the country said the current system adopted in the county does Read More

UPDC targets improvement in cash flow, payment of dividends to shareholders

September 29, 2021 Amaka Ifeakandu 0

In order to ensure that maximum value and return on investment is derived on clients’ properties and estates, the Board and Management of UPDC Plc, has set plans in expanding its asset management subsidiary, improving its cash flow and ultimately start paying dividends to shareholders. The company disclosed this to capital market stakeholders during its Facts behind the Figures platform Read More

The triumph of loyalty over competency

August 25, 2021 Sani Danaudi Mohammed 0

Despite Sir Frederick Lord Luggard’s unification of Nigeria as a single entity in 1914 Nigeria is still battling with imbalance in representation. This development has precipitated agitation from different ethnic nationalities and regions that presumably feel short-changed in the running of their country’s affairs. Nigeria, as a united territory, has failed to move to the peak of development owing to Read More

APC govs celebrate Buhari’s assent of PIB, economy restructuring

August 18, 2021 Bode Olagoke 0

The Progressive Governors Forum (PGF) has celebrated the assent to the Petroleum Industry Bill (PIB) by President Muhammadu Buhari, saying the current administration has demonstrated unwavering commitment to change Nigeria democratically. The APC governors also said the new PIB present a convincing credential and commitment of the party to restructure Nigerian economy through democratic process in line with provisions of Read More

Underwriters intensify awareness with new retail strategy

August 13, 2021 Admin III 0

Underwriters have keyed into the market development and restructuring initiative (MDRI) to rewrite and create more awareness on the relevance of insurance to the economy. Stating this in a paper delivered at the launch of a new office in Ogun state, the Managing Director/Chief Executive Officer, African Alliance Insurance Plc, Joyce Ojemudia, restated the importance of viable retail presence in Read More

UNIFEMGA reunion: Oòni, Bugaje to speak on Nigeria at a crossroads

August 11, 2021 Ahmid Lawal 0

A Special Adviser on Political Affairs to former Vice President Atiku Abubakar, Dr Usman Bugaje is to deliver the 2021 annual national reunion lecture of the Obafemi Awolowo University Muslim Graduates Association (UNIFEMGA), slated for Saturday, August 21 in Ile-Ife, Osun state. A statement by the chairman planning committee of the reunion, Mohammed Buari and Samsudeen Adenopo, public relations officer, Read More

Secession agitations: Address hunger, injustice, Okorocha tells leaders

August 5, 2021 Bode Olagoke 0

Former governor of Imo state and Senator representing Imo West, Owelle Rochas Okorocha, has called on Nigerian leaders at all levels to quickly address the issues of hunger and injustice for the agitators of secession to stop. For him, the former Senate President Ken Nnamani, has also demanded restructuring in the country to address what he called injusticeswhich responsible for Read More

2023 Presidency: It’s the turn of North-east – COPJA

July 14, 2021 Bode Olagoke 0

The Coalition for Peace and Justice Advocates (COPJA) has called on the political class and all political parties to ensure the Presidency of the country is rotated round the six-geo-political zones of the country, rather than only North and South, as a way of ensuring inclusion and national unity. It, however, said North-east should be allowed to produce the next Read More

South-west govs demand 6 regions, states as federating units

July 13, 2021 Taiye Odewale 0

Governors from the southwest geo-political zone have asked for the constitutional validation of Nigeria’s six geopolitical zones and converting same to federating units.They also called for the weakening of the nation’s administrative centre and made a case for the allocation of more powers to the federating units and states. The governors, who also sought an amendment to Section 44 (3) Read More