Good Morning. Here’s a recap of top trending news stories this morning.
1. President Bola Tinubu has expressed his gratitude to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, for revitalizing the capital city through significant infrastructure projects. He specifically thanked the minister and his team for completing the Southern Parkway from the Christian Centre to Ring Road One, a project that began 13 years ago, and for renaming it in his honor.
2. The Federal Mortgage Bank of Nigeria (FMBN) is offering a N100 billion guarantee to support affordable housing initiatives for Nigerians nationwide. This announcement was made by the FMBN Managing Director, Shehu Usman Osidi, during a courtesy visit from a delegation of the Ekiti State government in Abuja.
3. The Federal Government has reinstated the suspended social investment programme, which will provide direct payments to 75 million Nigerians across 50 million households to alleviate suffering, particularly among vulnerable groups. The programme was revamped to address fraud issues. This announcement was made by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, during a ministerial briefing marking the first year of President Bola Tinubu’s administration in Abuja.
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4. President of the Real Estate Developers Association of Nigeria (REDAN), Akintoye Adeoye has announced that REDAN will collaborate with the federal government on its Renewed Hope Housing Project. This statement was made during his investiture ceremony in Lagos, where he emphasized the need for a regulatory act for the real estate sector. Adeoye also pledged to enhance REDAN’s visibility and drive its vision and objectives forward, urging estate developers to support the association.
5. For the third time, the tripartite committee on the new minimum wage failed to reach an agreement. During the resumed talks on Tuesday, organized Labour rejected the N60,000 offer proposed by government representatives.
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6. The Association of Hotel Owners in Kwara State have protested against the Ibadan Electricity Distribution Company (IBEDC) over what they called an outrageous and insensitive hike in electricity tariffs. The protest, led by President Alhaji Dauda Akande, ended at the Nigeria Electricity Regulation Commission’s office in Ilorin, where a petition detailing their grievances was submitted. The complaints included the tariff hike, alleged computer manipulation, and limited electricity supply hours by IBEDC.
7. The Senate has reinstated Abdul Ningi (PDP, Bauchi Central), who was suspended for alleging that the Senate leadership fraudulently inserted projects into the 2024 budget. The decision to recall him was made after a closed-door session and followed a motion by Minority Leader Abba Moro during Tuesday’s plenary.
8. Chairman of Dangote Cement Plc, Aliko Dangote, has announced that the company is finalizing plans for its delivery trucks to operate on Compressed Natural Gas (CNG). This move aligns with the Federal Government’s agenda to adopt alternative fuels for official vehicles.
9. The Lagos State government, led by Governor Babajide Sanwo-Olu, announced plans to deploy 150 public toilets across the state to enhance sanitation. This initiative was revealed during a visit by the Mission Director of the United States Agency for International Development (USAID) in Nigeria, Melissa Jones, to the governor at the State House in Marina. Sanwo-Olu highlighted that the program’s design is in its final stage, indicating it as one of the measures being pursued to tackle sanitation challenges in the state.
10. Governor Hyacinth Alia of Benue State has inaugurated four factories established by the Benue Investment and Property Company (BIPC) Limited to generate job opportunities, boost economic growth, and enhance the livelihoods of the state’s residents. These facilities include a bakery, a water factory, the Emperor Fertilizer plant, and a motorcycle hire purchase scheme.