The federal government, thirty-six states of the federation and the Federal Capital Territory, FCT, have so far shared the sum of N2.56 trillion in the first half of 2017 from the Federation Account Allocation Committee (FAAC), an investigation by Economic Confidential has revealed. The report by the economic intelligence magazine shows that apart from the federal government that got N1.09 trillion, Akwa Ibom has the highest allocation among the states when it received N92.72 billion within the period under review. Apart from Akwa Ibom, nine other states who received the…
Read MoreDay: August 22, 2017
Angola vote marks new era as Dos Santos ends 38-year reign
Angola goes to the polls on Wednesday in a historic election marking the end of President Jose Eduardo Dos Santos’s 38-year reign, with his party set to retain power despite the country’s economic crisis. The MPLA (People’s Movement for the Liberation of Angola), which has ruled the country since its 1975 independence from Portugal, is expected to defeat opposition parties that struggle under an authoritarian regime. Dos Santos’s retirement – reportedly prompted by ill health – has triggered the biggest political transition in decades for Angola, a leading oil-exporter in…
Read MoreBuhari tackling Nigeria’s reputation abroad – Osinbajo
The Federal Government is tackling corruption in the country as well as Nigeria’s poor reputation abroad. Vice President Yemi Osinbajo disclosed this while fielding questions during a session titled “Conversations with the Vice president” moderated by Miss Zain Asher, a CNN news anchor at the 2017 Nigerian Bar Association (NBA) National Conference in Lagos, yesterday. When asked what was the most important reform embarked upon by the Buhari-led administration, Osinbajo said the administration had set a strong foundation for economic recovery. “We were dealing with a mono-economy and a financial…
Read More35 percent of Ibadan residents hypertensive – UCH chief
The Chief Medical Director (CMD), University College Hospital (UCH), Ibadan, Professor Temitope Alonge, has said about 35 per cent of residents of Ibadan, the Oyo State capital are hypertensive. Alonge disclosed this while featuring on Fresh FM live radio programme monitored in Ibadan. He said that the discovery was revealed after a project initiated by the hospital, during which its workers tested residents in their homes and offices. According to him, the tests showed that about 35 per cent of residents lived with hypertension, with most of them unaware. Alonge…
Read MoreNavy Ship Collisions: U.S. suspects hackers, sabotage
A top U.S. Navy admiral John Richardson, has called for a swift and thorough investigation into Monday’s collision of the USS John S. McCain with an oil tanker near Singapore, marking the second deadly mishap that occurred in the Pacific in the past three months. Richardson ordered an operational pause in all the fleets around the world while the Navy works to determine the factors behind the collision. Richardson tweeted that the Navy will conduct a wide investigation, including a review into the possibility of “cyber intrusion or sabotage.” Adm.…
Read MoreGov. Bello, Sen. Melaye in for settlement
The warring factions of the ruling All Progressives Congress (APC) in Kogi state are to face a reconciliation committee inaugurated by the party. The party’s move is to frontally take measures to resolve the crisis between Kogi governor Yahaya Bello and Senator Dino Melaye and their supporters. Chief John Odigie-Oyegun, National Chairman of the All Progressives Congress (APC), has inaugurated a seven-member reconciliation committee to end the feud. He said the situation in Kogi was unique, saying that what triggered the event in the state was tragic in their nature.…
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