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Presidency Debunks Rumors of CBN Governor Cardoso’s Resignation

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Photo source: Google

The Presidency has firmly denied recent claims circulating in the media, alleging that President Bola Ahmed Tinubu has instructed the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to step down from his position.

The rumours surfaced on various online platforms, which reported that the president had given a directive for Cardoso’s resignation.

In response to these reports, Bayo Onanuga, the Special Adviser to the President on Information and Strategy, took to his verified X account, @aonanuga1956, to address the situation.

He dismissed the claims as entirely false, labelling them as “all lies.” Onanuga urged the public to disregard the misleading information, stressing that there was no truth to the rumours about Cardoso’s resignation.

The presidency’s swift reaction underscores its commitment to curbing the spread of misinformation and ensuring that the public receives accurate updates regarding the actions and decisions of the government.

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This response also reflects the ongoing support for Cardoso’s leadership at the CBN, signalling stability in the country’s financial sector.


 

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FG Extends NYSC Orientation Camp From 3 to 6 Weeks

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The Federal Government has announced an extension of the NYSC programme. It can be noted that the NYSC camp orientation is usually for three weeks before the youths go out to gain experience, employment, and serve the country for one year.

However, the FG announced that the passing-out parade from camp will be cancelled, and corps members will now spend six weeks in camp instead of three weeks.

“The first two weeks speak to laying a foundation on civic responsibility. The next two weeks will look at career mapping, basic accounting literacy skills, business planning and access to finance. The final two weeks, we intend to have focused corps-stream-specific training aligned with the corps member’s designated stream based on his choice, academic background and skills profile.”


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Is Lagos Sinking? Residents Raise Concerns as Flooding Worsens

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With the rainy season in Nigeria, many are wondering if the increase in flooding has now become the new normal. Lots of videos, clips, and complaints have literally flooded online, showing how badly roads, homes, and other places have been affected.

We were used to hearing about the rise of water on the Island since it is literally surrounded by water, but now floods are being spotted on the Mainland as well.

We may not know exactly why this is happening, but one thing is certain—we urgently need a lasting solution.


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Federal Government Clarifies Position on Proposed Tax Recommendations

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The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.

The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.

“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”


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