Day: February 7, 2024

House of Representatives Launches Probe into Alleged Certificate Racketeering by Government Officials

oluwatobi enitan

In response to the alarming allegations of certificate racketeering involving Nigerian students and officials of Federal Government Ministries, Departments, and Agencies (MDAs), the House of Representatives has taken decisive action. The resolution to conduct a thorough investigation was reached following the adoption of a motion on the House floor last Wednesday. The motion, moved by Abubakar Fulata, the representative for Birniwa/Guri/Kiri-Kasamma Federal Constituency of Jigawa State, highlighted the urgent need to address the issue. The investigative focus centers on uncovering the extent of involvement of officials from various MDAs in…

Read More

Nigeria Anticipates Significant Reduction in Inflation Rate to 21% by 2024, Announces CBN Governor Yemi Cardoso

oluwatobi enitan

The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, delivered optimistic news on Tuesday, projecting a notable decrease in the country’s inflationary pressure from 28.92% to 21.4% in 2024. Addressing the House of Representatives in Abuja, Cardoso attributed this anticipated decline to the implementation of inflation-targeting policies by the federal government. Cardoso emphasized that the collaborative efforts between the CBN and fiscal authorities, as part of the inflation-targeting framework, aim to achieve price stability, potentially resulting in a lowered policy rate. He highlighted key contributing factors to…

Read More