Next Level Archives - Page 43 of 188

Dec

21

2023

Accelerate the use of Chinese currency, Representatives urge FG

Business, Economy, Metro, PoliticsBusiness, Economy, Metro, Next Level, Nigeria, Opinion, Politics, Representatives

The Federal Government and the Central Bank of Nigeria have been urged by the House of Representatives to expedite the Chinese Yuan's adoption as a substitute trading currency. This call was part of a resolution that was approved on Wednesday in response to a motion made by Jafaru Leko. Recall that the Federal Government of Nigeria and China established a bilateral currency swap arrangement. This was reported by OHAFIATV News. Amidst the naira's struggle against major Western currencies, Leko encouraged the government to embrace the current in the motion. According to him, the currency need to be included in Nigeria's…

Dec

16

2023

By David Okoye

President Tinubu Extols Buhari on 81st Birthday: A Tribute to Integrity and Leadership

News2023, Next Level, Nigeria, Politics

President Bola Tinubu extended heartfelt wishes to his predecessor, Muhammadu Buhari, on his 81st birthday. In a statement released by Ajuri Ngelale, the presidential spokesperson, Tinubu lauded Buhari as a close friend and a stalwart embodiment of truth, justice, and patriotism. Expressing gratitude for Buhari's dedicated service to the nation both as head of state and president, Tinubu commended the exemplary leadership demonstrated throughout. He specifically acknowledged Buhari's role in spearheading remarkable infrastructure achievements and pioneering Nigeria's inaugural national social investment and protection program. Tinubu's statement highlighted Buhari's rare commitment to virtuous servant-leadership, emphasizing the president's unwavering dedication to the…

Dec

14

2023

By Amos Oge Kalu

Tinubu grants N9 billion to each state for infrastructure.

Economy, Metro, PoliticsBola Ahmed Tinubu, Economy, Next Level, Nigeria, Politics

According to the Presidency, the 36 states that make up the Federation have received N9 billion from President Bola Tinubu's administration. Bayo Onanuga, Tinubu's Special Advisor on Information and Strategy, stated that N7 billion had been given to states for the development of infrastructure, with the remaining amount going towards palliative fuel subsidy payments. He announced on X that the Federation Account Allocation Committee, or FAAC, had increased revenue allocation. Onanuga claims: "The Bola Tinubu presidency has provided the 36 Nigerian states with unprecedented support. They recently received N7 billion each for infrastructure support, on top of the N2 billion…

Dec

12

2023

By Amos Oge Kalu

Poverty cannot be reduced by the 2024 budget, a minister regrets

Economy, Metro, NewsMetro, Next Level, Nigeria, Politics

The ministry's meagre budget allocation has been bemoaned by Dr. Beta Edu, Minister of Humanitarian Affairs and Poverty Alleviation, who claims it is insufficient to reduce poverty. She raised the alarm while defending the 2024 budget of the ministry at the National Assembly on Tuesday in Abuja. She bemoaned before the Senate Committee on Poverty Alleviation, chaired by Senator Idiat Adebule, that the N532.5 billion budget, which is a 28% increase over the 2023 budget to offset inflation, was woefully insufficient. She maintained that the current economy's inflation rate of 27.33 percent does not correspond with the 28% increase in…

Dec

12

2023

By Amos Oge Kalu

Ondo: Akeredolu starts medical leave, transfers power to the deputy governor

NewsNext Level, Nigeria, Ondo State, Politics

Oluwarotimi Akeredolu, the governor of Ondo State, has asked his deputy, Lucky Aiyedatiwa, to fill in for him in an acting capacity while he takes a medical leave of absence starting on Wednesday. The governor's spokesperson, Richard Olatunde, revealed this in a statement on Tuesday. The governor, who has been unwell since January, will "prioritize his health and ensure a full recovery before resuming his official duties," according to the statement. A formal letter regarding the medical leave and a notice formally transferring power under the Nigerian Constitution will be transmitted to the House of Assembly, according to portions of…