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2024-06-28 12:30:28

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2024-06-28 12:30:16

US Presidential debate: I inherited flat economy - Biden fires back at Trump
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President Joe Biden stated during the 2024 U.S. presidential debate in Atlanta, Georgia that he inherited a flat economy from his predecessor, Donald Trump. Biden claimed that Trump had "absolutely decimated" the US economy while in power. In response to accusations from Trump that he had destroyed the US economy, Biden highlighted that his administration has helped millions of Americans get new jobs since assuming power. Recent polls have shown that Americans consider inflation or the cost of living as the most important financial problem facing their families. Additionally, a Gallup poll revealed that 46% of adults in the United States have confidence in Trump to do or recommend the right thing for the economy, while only 38% said the same about Biden.
#UsPresidentialDebate #UsEconomy #JoeBiden #DonaldTrump
https://dailypost.ng/2024/06/28/us-presidential-debate-i-inherited-flat-economy-biden-fires-back-at-trump/

2024-06-23 08:37:47

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2024-06-23 08:37:35

Nigerians enraged as FG moves to acquire new presidential jets
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The House of Representatives Committee on National Security and Intelligence has recommended that the Federal Government purchase two new aircraft for President Bola Tinubu and Vice-President Kashim Shettima. Nigerians are angry about the move, criticizing the government for spending money on luxury items while many citizens struggle to afford basic necessities. The recommendation came after reports of faulty aircraft in the presidential air fleet. The government has been urged to prioritize the welfare of Nigerians and cut unnecessary expenses. The Peoples Democratic Party (PDP) and the Nigeria Labour Congress (NLC) have both criticized the plan, calling it insensitive and a waste of resources. Former governor Peter Obi also condemned the decision, stating that it demonstrates extreme insensitivity to the struggles of the people. The president of the Middle Belt Forum and the president of the Arewa Youths Consultative Forum also expressed their disapproval, emphasizing the need for the government to be more sensitive to the economic hardship faced by Nigerians.
#Nigeria #PresidentialJets #GovernmentSpending #PublicOutrage
https://dailypost.ng/2024/06/23/nigerians-enraged-as-fg-moves-to-acquire-new-presidential-jets/

2024-05-25 09:12:38

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2024-05-25 09:12:27

Gov Alia signs executive order to monitor public behaviour in Benue
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Governor Hyacinth Alia of Benue State has signed an Executive Order establishing the Department of Public Order in the Ministry of Justice to coordinate government policies and matters relating to public order. The order was signed in pursuant of section 14 sub-section (2) of the 1999 constitution and section 10 of the Public Order Act, CAP 382 of the Federal Republic of Nigeria. The governor stated that the state was facing security issues and needed to adopt its own measures to maintain law and order. The executive order prohibits acts of violence, disobedience, and lawlessness, with penalties including fines between N20,000 and N500,000 or imprisonment, depending on the gravity of the offence. Governor Alia also announced the establishment of a Public Order Advisory Committee and a Public Order Committee to enforce the prescribed public order laws.
#GovernorHyacinthAlia #BenueState #ExecutiveOrder #DepartmentOfPublicOrder #MinistryOfJustice #PublicOrderAct #LawAndOrder #SecurityIssues
https://dailypost.ng/2024/05/25/gov-alia-signs-executive-order-to-monitor-public-behaviour-in-benue/

2024-04-06 12:02:18

Tinubu appeals for peace in Africa, global trouble spots
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President Bola Tinubu appeals for global peace and stability in Africa and other trouble spots around the world. He made the appeal while addressing members of the Diplomatic Corps and heads of international organizations during Ramadan Iftar on Friday in Abuja. Tinubu emphasized the values of tolerance and perseverance, noting their importance in fostering peace and stability worldwide. He urged the ambassadors to convey the message of peace and stability to their respective countries. Tinubu also called for collective responsibility to promote peace and stability globally, stating that there will be no economic stability without peace in the world.
#BolaTinubu #Peace #Stability #Africa #DiplomaticCorps #InternationalOrganizations #Ramadan #Tolerance #Perseverance #EconomicStability
https://dailypost.ng/2024/04/06/tinubu-appeals-for-peace-in-africa-global-trouble-spots/

2024-04-05 18:41:18

Dangote, Onyema responsible for recovering economy - Agbakoba
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The economy is showing signs of recovery, with the efforts of Aliko Dangote and Allen Onyema being credited. Dangote Refinery commencing sales of diesel and Air Peace flying to the UK have positively impacted the forex market and strengthened the Naira against the dollar. Olisa Agbakoba, a former chairman of the Nigerian Bar Association, suggests that if this trend continues, much-needed relief for Nigerians will occur. He also emphasizes the need to put the private sector at the center of economic development and advises the government to withdraw from business. The economy has faced challenges, including high inflation, food inflation, depreciation of the Naira, removal of fuel subsidies, and job losses. However, the Dangote Refinery's diesel sales have significantly increased supply and lowered prices, with plans to sell Premium Motor Spirit (PMS) in the future. Air Peace's flights to the UK have also led to a drop in ticket prices. The forex market has reacted positively, and experts predict a potential fall in the price of the dollar. Agbakoba highlights the importance of private sector involvement and the transition from consumption to production for economic growth.
#Nigeria #Economy #Recovery #AlikoDangote #AllenOnyema
https://dailypost.ng/2024/04/05/dangote-onyema-responsible-for-recovering-economy-agbakoba/

2024-03-24 19:24:25

Ebonyi community rejects peace pact report
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The people of Effium, in Ohaukwu Local Government Area of Ebonyi State, have rejected a peace pact report issued by a peace panel headed by retired Catholic bishop Rev. Michael Okoro. The rejection is based on the claim that the report infringed on their fundamental human rights. The war between the two communities of Ezza-Effium and Effium began on January 21, 2021, due to a leadership tussle between two factions of the National Union of Road Transport Workers. Efforts by the past administration of Governor David Umahi and the Federal Government to end the war were unsuccessful. The peace pact report was described as apartheid and a violation of the 1999 Constitution of Nigeria by the Ezza-Effium Consultative Assembly. They rejected the aspect of the report that labeled them as tenants in Effium community and barred them from producing a traditional ruler. The Ezza-Effium people called for a ceasefire and the return of residents to their homes while issues relating to revenue and other matters are addressed. They urged Governor Francis Nwifuru to revisit the peace pact report and other relevant documents to ensure the restoration of enduring peace in the Effium community.
#EbonyiState #PeacePact #War #Community #FundamentalHumanRights
https://dailypost.ng/2024/03/24/ebonyi-community-rejects-peace-pact-report/

2024-03-13 14:31:14

Court to rule on Miyetti Allah leader's bail application March 22
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A Federal High Court in Abuja will rule on the bail application of Bello Bodejo, the detained President of the Miyetti Allah Kautal Hore, on March 22. The court fixed the date after hearing arguments from Bodejo's counsel and the Attorney-General of Federation's lawyer. Bodejo was arrested on January 23 for allegedly raising an armed militia in violation of the constitution. The Federal Government had sought an order to remand Bodejo in custody pending investigation and arraignment. The court had given the government seven days to file charges against Bodejo, but they failed to do so. Bodejo's counsel argued that the charge filed by the government was not properly before the court. The court will rule on the bail application on March 22.
#MiyettiAllah #BailApplication #CourtRuling
https://dailypost.ng/2024/03/13/court-to-rule-on-miyetti-allah-leaders-bail-application-march-22/

2024-01-24 07:40:08

US interested in doing business in Nigeria - Blinken
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U.S. Secretary of State, Anthony Blinken, expressed the American commitment to investing in Nigeria's economy during a meeting with President Bola Tinubu. American entrepreneurs and companies are eager to partner with and invest in Nigeria, particularly in the tech sector. They have teamed up with Nigerian partners to support the President's new one million digital Jobs Initiative and are involved in expanding internet access through undersea cables and satellite technology. Blinken emphasized Nigeria's significant role in the development partnership between the U.S. and Africa. He also mentioned that the U.S. is working to give Africa more voice in United Nations decision-making. The visit is part of Blinken's African nations tour.
#Us #Nigeria #Business #Investment #TechSector
https://dailypost.ng/2024/01/24/us-interested-in-doing-business-in-nigeria-blinken/

2024-01-08 08:02:35

US employers hired more workers in December - Report
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US employers hired more workers than expected in December 2023, according to an employment report from the Labor Department. The US employment report had previously stated that the economy added 71,000 fewer jobs in October and November than previously reported. Unemployment was 3.7% last month due to 676,000 people leaving the labor force. Despite this, the report indicated that the economy avoided a recession last year and is expected to continue growing through 2024. Nonfarm payrolls increased by 216,000 jobs in December.
#UsEmployers #EmploymentReport #LaborDepartment #Unemployment #Economy #Recession #ConsumerSpending #NonfarmPayrolls
https://dailypost.ng/2024/01/08/us-employers-hired-more-workers-in-december-report/

2024-01-05 10:41:38

A member of the House of Representatives, Hon. Ikenga Ugochinyere Ikeagwuonu, expressed concerns over the raid of the headquarters of the Dangote Group by the EFCC. The raid was in connection with an ongoing investigation into forex allocations in the country. The EFCC demanded documents relating to foreign exchange allocation to the group in the last ten years and scrutinized them for hours. Ugochinyere believes that the raid could worsen the economic situation and scare investors, especially at a time when the nation is trying to stabilize its economy. He stated that Nigeria has already lost many foreign investors and potential investors are sidelining the country. Ugochinyere emphasized the need for the nation to focus on integrating African economies and expanding trade and investments across the continent to stimulate growth and create employment opportunities.
#DangoteGroup #Efcc #Economy #Investors #ForexAllocations
https://dailypost.ng/2024/01/05/dangote-efcc-raid-could-hurt-economy-scare-investors-reps-member-ikenga/