Britain’s King Charles commences historic visit to Kenya

King Charles begins visit to Kenya with Queen Camilla by his side: Monarch is given ceremonial welcome on first state visit to a Commonwealth nation since he was crowned - as he prepares to address 'painful' colonial legacy.

Govenror Sanwo-Olu Inaugurates Automobile Assembly Plant in Lagos

The Lagos State Government has sealed a Joint Venture Agreement (JVA) sealed with CIG Motors, a Chinese automobile company for the birthing of a new vehicle assembly plant in Lagos. Governor Babajide Sanwo-Olu commissioned automobile assembly plant sited along WEMPCO Road in Ogba axis of Lagos, two years after both partners signed the agreement for the construction of the factory. The facility will be jointly-run by the state government and its partner for the production of different classes of brand new cars, a statement signed by the Chief Press Secretary to the governor, Gboyega Akosile stated. The government stressed that it was a result of part of the bilateral agreements reached by the Sanwo-Olu administration and Chinese investors’ community during the governor’s business trip to China in November 2019. Already, the statement said that 2,000 units of brand new GAC vehicles had been successfully assembled in Lagos ahead of the formal opening of the facility. The plant, it said, was built with production capacity to assemble 5,000 units of new vehicles yearly in the first phase, while generating thousands of direct and indirect jobs. The governor described the development as a promising synergy between international partnerships and local talent, stressing that it underscored Lagos’ openness to investments that would foster job creation, skill development, wealth creation, and entrepreneurial opportunities.

Happy birthday! Jawasi Music of The Month Nominations

Tarzan Boy - Baltimora

Black Beatles - Rae Sremmurd

Circle of Life - Elton John

When Would It Reach Us?

Tinubu launches cash transfer of 15million for Nigerian households

Said that ₦25,000 would be given to each of the beneficiaries to improve their spending power and economic fortunes in the society. What About Paying The Exorbitant Children School Fees? Also said that the ₦30,000 Iyaloja loan scheme would soon be started for small-scale traders in the country as part of economic revitalisation and empowerment. The Iyaloja one might not warrant the school fee questioning.

Nigeria Economy: Loan or GDP?

Nigeria can make N2.5 trillion from ocean – NIS boss, Adepoju

80 per cent of goods and services come into the country through shipping. She called on all stakeholders to ensure a high standard of business integrity by “ensuring transparency in transactions, proper documentations, eschewing corrupt practices, avoiding extortion and other sharp practices that may be contrary to economic growth and development.” “N2.5 trillion can accrue to Nigeria from the Blue Economy,” she said, stressing that “the oceans are 72 per cent of the world covered by bodies of water. The Seabed – 90 per cent of deposit is yet to be explored. 2.2 million species are yet to be discovered by experts.”

The Solution Is Not Loan

Nigeria: Tinubu Secures Another $1.5bn World Bank Loan

Presidential approval was given after analysing the agreement. Similarly, the 30 days implementation timeline agreed on was also approved by FEC.

Employment Could Be Cheap

Lagos teacher wins African Union continental prize

A Teacher in Lagos State, Adeola Adefemi, has won this year’s African Union(AU) Continental Teacher Prize. The announcement was made by the Director of the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in charge of International Institute of Capacity Building in Africa, Wodon Quentin, in celebration of this year’s teachers’ day. This came barely two weeks after two Lagos teachers were shortlisted among top 50 finalists for the Global Teacher Prize. Adefemi, the award winner, teaches English Language at Keke Senior High School, Agege, under the state’s Education District 1.

Demeanour The Defence

Ifeanyi Ubah Dumps YPP, Joins APC

Senator Ifeanyi Ubah representing Anambra South Senatorial District has dumped the Young Progressives Party (YPP) for the All Progressives Congress (APC). Letter further explained that Ubah’s decision is in the interest of his constituents. Ubah was the sole member of the YPP in the 10th Senate before his defection to the APC.

Continuum

Buhari’s Minister Blasts Tinubu As PENGASSAN Confirms Govt Still Pays Fuel Subsidy: “You Goofed” “He goofed full-time by playing into the hands of subsidy racketeers, by making the statement that subsidy was gone. And Nigerians have not recovered from that trauma,” Dalung said. Reported that the former minister urged the president to save the lives of Nigerians and redeem his name as they can no longer sacrifice for the future, due to his economic policy that “doesn’t have a human face”.

Nigeria @63: Excerpt from speech of President Bola Tinubu on October 1

I am attuned to the hardships that have come. I have a heart that feels and eyes that see. I wish to explain to you why we must endure this trying moment. Those who sought to perpetuate the fuel subsidy and broken foreign exchange policies are people who would build their family mansion in the middle of a swamp. I am different. I am not a man to erect our national home on a foundation of mud. To endure, our home must be constructed on safe and pleasant ground. Reform may be painful, but it is what greatness and the future require. We now carry the costs of reaching a future Nigeria where the abundance and fruits of the nation are fairly shared among all, not hoarded by a select and greedy few. A Nigeria where hunger, poverty and hardship are pushed into the shadows of an ever fading past. There is no joy in seeing the people of this nation shoulder burdens that should have been shed years ago. I wish today’s difficulties did not exist. But we must endure if we are to reach the good side of our future. My government is doing all that it can to ease the load. I will now outline the path we are taking to relieve the stress on our families and households. We have embarked on several public sector reforms to stabilize the economy, direct fiscal and monetary policy to fight inflation, encourage production, ensure the security of lives and property and lend more support to the poor and the vulnerable. Based on our talks with labour, business and other stakeholders, we are introducing a provisional wage increment to enhance the federal minimum wage without causing undue inflation. For the next six months, the average low-grade worker shall receive an additional Twenty-Five Thousand naira per month. To ensure better grassroots development, we set up an Infrastructure Support Fund for states to invest in critical areas. States have already received funds to provide relief packages against the impact of rising food and other prices.