Over one million Nigerians have lost their jobs under the N-Power programme of the Federal Government following the indefinite suspension of the scheme by the government. The N-Power programme was established by the administration of former President Muhammadu Buhari to address youth unemployment as beneficiaries were paid N30,000 monthly stipend. It is a component of the National Social Investment Programme put in place by the previous administration through the on-boarding of 1.5 million unemployed Nigerian youths (mostly graduates), providing capacity building, targeted tenured employment and structured of-boarding unto various career paths. In February this year, figures obtained from the Humanitarian…

Federal Government paid an interest of N912.32bn in the first quarter of 2023 on the loans it got from the Central Bank of Nigeria through Ways and Means Advances. This amount was stated in the Q1, 2023 Budget Implementation Report by the Budget Office of the Federation. The amount spent paying interest on this loan is 161.47 per cent higher than the N348.92bn spent in the same quarter of 2022. As earlier reported, the Federal Government planned to spend N1.2tn on servicing the loans it got from the CBN through the Ways and Means Advances. This meant that the government…

Vladimir Putin has made his heaviest nuclear threat yet, saying two systems are ready to be deployed. The Russian leader ranted and raved against the West on Thursday at a conference in Sochi, Russia. In his speech, he said his 'Satan-2' and 'Flying Chernobyl' missiles will be ready soon, and touted their destructive ability. Putin claimed Russia had "practically finished work on the modern strategic weapons that I have been talking about and I announced a few years ago". In the conference, Putin painted a grim portrait of Russia's nuclear arsenal. He said: "From the moment the launch of missiles…

Kalu Kalu, one of the lawyers to Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, says the legal battle in the United States has revealed sufficient discoveries to upturn the ruling of the Presidential Election Petition Tribunal at the Supreme Court. Kalu, during the press briefing held by Atiku on Thursdays in Abuja, said the legal team discovered five major discrepancies in the academic records of President Bola Tinubu during the deposition of the Registrar of Chicago State University (CSU), Caleb Westberg. The lawyer said the Atiku’s team was able to establish that Tinubu committed forgery, has dual…