News
“Saudi Arabia Should Build A Second National Grid For Us And Leave Reforms” – Shehu Sani
Former Kaduna Central Senator, Shehu Sani, recently expressed his opinion on Saudi Arabia’s support for Nigeria’s economic reforms, suggesting that the country focus on a more immediate and practical form of assistance.
Sani’s comment came in response to reports of Saudi Crown Prince, Mohammed Al Saud, assuring Nigeria of support for its economic transformation.
This assurance was made during a meeting with President Bola Tinubu on the sidelines of the Arab-Islamic Summit in Riyadh, where the two leaders discussed various areas of collaboration.
A statement from Tinubu’s spokesman, Bayo Onanuga, revealed that the leaders talked about potential cooperation in sectors such as oil and gas, agriculture, infrastructure, and the creation of a Saudi-Nigeria Business Council.
One of the key items on the table was a proposed $5 billion bilateral trade facility aimed at enhancing economic ties between the two nations.
Additionally, it was noted that the Saudi Agricultural and Livestock Investment Company (SALIC) had already made a significant investment in Nigeria, acquiring a 35.43% stake in Olam Agri, one of the country’s largest agricultural firms, with a $1.24 billion investment in 2022.
In his reaction, Sani took to X (formerly Twitter), where he jokingly suggested that while Saudi Arabia’s support for Nigeria’s reforms is appreciated, a more pressing need for the country would be the construction of a second national power grid.
Sani’s statement underscored the challenges Nigeria faces in its energy sector, with frequent power outages and inadequate infrastructure hindering the country’s growth.
He humorously added that the issue of economic reforms could be dealt with later, implying that addressing Nigeria’s energy needs should be a priority
News
FG Extends NYSC Orientation Camp From 3 to 6 Weeks
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.”
News
Is Lagos Sinking? Residents Raise Concerns as Flooding Worsens
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.
News
Federal Government Clarifies Position on Proposed Tax Recommendations
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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