Tag: Tinubu
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Tinubu approves write-off of $1.42bn and ₦5.57tn NNPC debt
Overview: A Bold Fiscal Move President Bola Tinubu has directed a sweeping write-off of significant debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account. The decision, which covers approximately $1.42 billion and ₦5.57 trillion, marks a pivotal intervention in Nigeria’s petroleum and public finance landscape. The approval, captured in…
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Tinubu Approves Write-Off of $1.42 Billion and ₦5.57 Trillion NNPC Debt
Key Move: Tinubu Greenlights Debt Write-Off for NNPC Ltd In a landmark decision, President Bola Tinubu has approved the write-off of substantial arrears owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account. The measure cancels roughly $1.42 billion and ₦5.57 trillion in outstanding debts, a development that could have wide-ranging…
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Tinubu Approves Write-Off of $1.42 Billion, ₦5.57 Trillion NNPC Debt
Overview: A Landmark Debt Forgiveness for NNPC In a move that could shift the trajectory of Nigeria’s public finances, President Bola Tinubu has approved the cancellation of substantial debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account. The write-off amounts to about $1.42 billion and ₦5.57 trillion, aimed at…
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Wike Denies Makinde’s Claim of PDP Deal with Tinubu Ahead of 2027 Elections
Wike Denies Makinde’s Allegation of a PDP-Tinubu Deal The Minister of the Federal Capital Territory, Nyesom Wike, has publicly rejected a recent assertion by a prominent state governor that the Peoples Democratic Party (PDP) struck a secret deal with President Bola Tinubu ahead of the 2027 presidential contest. The denial underscores ongoing tensions within Nigeria’s…
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Wike Denies Makinde’s PDP-Tinubu Deal Claim Ahead of 2027
Wike Refutes Allegations of an Election Deal Nyesom Wike, the Minister of the Federal Capital Territory, has publicly dismissed claims that he promised President Bola Tinubu to deliver the Peoples Democratic Party (PDP) to him before the 2027 presidential election. The denial comes amid a volley of political chatter and counterclaims following remarks attributed to…
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Wike Refutes Makinde’s Claim of PDP Deal With Tinubu Ahead of 2027
Wike Denies Allegations of a PDP Deal With Tinubu The political landscape in Nigeria remains charged as the Minister of the Federal Capital Territory, Nyesom Wike, publicly rejected fresh claims that he promised President Bola Tinubu to deliver the Peoples Democratic Party (PDP) to him ahead of the 2027 presidential election. The denial comes in…
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Tinubu’s Historic Return: A Glimpse of Lagos’s Eyo Festival Reawakening
Tinubu Makes a Historic Return to Lagos’s Eyo Festival President Bola Tinubu graced Lagos with a high-profile return to the Eyo Festival, ending an eight-year hiatus that kept the city eagerly awaiting the Grand Finale of the week-long celebration. Donned in a pristine white robe, a damask sash draped across his shoulder, and a distinctive…
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Tinubu Makes Historic Return to Lagos’ Eyo Festival: A Grand Finale Moment
Introduction: A Historic Return President Bola Tinubu graced Lagos with a high-profile return to the city’s famed Eyo Festival, stepping onto the Grand Finale stage after an eight-year hiatus. The event, steeped in Lagos’ rich traditions, drew thousands of revelers and spectators who witnessed a rare convergence of politics, culture, and religious heritage. Dressed in…
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Pictorial: Tinubu Makes Historic Appearance At Eyo Festival In Lagos After 8-year Hiatus
Tinubu Makes Historic Return to Lagos’ Eyo Festival President Bola Tinubu graced the Grand Finale of Lagos’ famed Eyo Festival on Saturday, marking his first appearance at the event in eight years. Clad in a pristine white robe with a damask sash slung over his shoulder and a distinctive hat adorned with bold stars, Tinubu’s…
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Makinde Responds to Fayose’s N50 Billion Tinubu Donation Claim
Overview: A Politically Charged Claim The public dispute centers on allegations that President Bola Tinubu provided a staggering N50 billion donation to Governor Seyi Makinde in the wake of security and emergency concerns following the 2024 Ibadan explosions. While one former Ekiti State Governor, Ayo Fayose, asserted the transfer, Makinde’s aides quickly dismissed the claim…