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Lagos State’s 2025 budget stands at N3.3 trillion, with a projected revenue of N2.9 trillion. Despite generating significant revenue, the state’s infrastructure and services remain inadequate. In contrast, New York City’s budget is $116 billion, with a substantial portion allocated to environmental maintenance. New York City generates revenue through various taxes, including $35 […]
The Trump administration has officially shut down the United States Agency for International Development (USAID), citing national security concerns and allegations of misuse of U.S. foreign aid. The decision follows longstanding accusations, including a resurfaced claim by a U.S. senator who previously alleged that USAID had indirectly funneled resources to terrorist organizations, including Boko […]
Nigeria’s stock market continued its upward trend on Thursday, with the Nigerian Exchange Limited (NGX) recording a N403 billion gain. This surge was driven by renewed interest in insurance and banking stocks, pushing the market capitalization to N76.6 trillion from N76.2 trillion the previous day. The All-Share Index rose by 637.30 points, representing […]
A tweet by Nigerian politician Haruna Braimoh has sparked controversy over the financial dealings of Senator Ndume, who was reportedly gifted the International Conference Centre (ICC) in Abuja. Braimoh questioned the senator’s annual revenue from the ICC, citing a figure of N60 million. The tweet drew reactions from social media users, with some […]
By Bamidele Atoyebi, Comrade Since President Bola Ahmed Tinubu assumed office in May 2023, Nigeria’s political map has changed in powerful and historic ways. In under two years and without holding a single national election, over 140 elected politicians have joined the All Progressives Congress (APC). They include governors, senators, members of the House of […]
Former Governor of Rivers State and ex-Minister of Transportation, Rotimi Amaechi, has voiced his dismay over what he described as the persistent disrespect shown to him by his political successor and current Minister of the Federal Capital Territory (FCT), Nyesom Wike. In a frank interview on Channels Television’s Politics Today, Amaechi addressed the ongoing […]
Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has announced his resignation from the All Progressives Congress (APC) and declared his defection to the African Democratic Congress (ADC), citing deep dissatisfaction with the performance of the Federal Government. Malami made the announcement during the unveiling of the newly formed opposition coalition at […]
The Grassroots Movement for Tinubu (GMT) has declared that President Bola Ahmed Tinubu’s chances of securing a second term in the 2027 general election remain solid, despite the recent formation of an opposition coalition under the African Democratic Congress (ADC). Speaking in Akure, Ondo State, the Director-General of the GMT, Hon. Saka Yusuf-Ogunleye, dismissed the […]
In a compelling appearance on Arise News, Prof. Okey Ikechukwu, Executive Director of Development Specs Academy, provided a candid assessment of the growing political dynamics in Nigeria ahead of the 2027 general elections. Speaking bluntly, Prof. Ikechukwu expressed strong skepticism about the viability of the opposition coalition, which is being championed by a mix of […]
Vice President Kashim Shettima on Wednesday inaugurated the Board of Directors of the National Credit Guarantee Company Limited (NCGC Ltd), reaffirming the federal government’s commitment to unlocking access to finance for micro, small, and medium enterprises (MSMEs) across the country. The inauguration, which took place at the Presidential Villa in Abuja, marks a significant step […]
