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Breaking News In Nigeria Today Thursday 25th June,2020

Cinderella01 06/25/2020

1. World Bank approves $750m for Nigeria's power sector. View pictures in App save up to 80% data. View pictures in App save up to 80% data.

The World Bank has newly approved a $750m International Development Association credit for Nigeria’s Power Sector Recovery Operation.

This was included in a declaration published by the bank.

The World bank conveyed concern that about 47% of Nigerians has no access to supply of electricity while those those with little supply encounters periodic power cuts.

Shubham Chaudhuri, The bank’s Country Director for Nigeria, mentioned a statement clarifying that "The credit would help Nigeria improve the electricity supply".

The World Bank explained that,

“The unavailability of credible power supply has suppressed economic activity, job creation and private investment. This is eventually what is required to lift 100 million Nigerians out of poverty, The goal of this operation is to help turn around the power sector and set it on a fiscally endurable pattern. This is extremely crucial at a time when the government needs all the fiscal resources it can marshal to help insure lives amid the Covid-19 pandemic".

2. FEC authorizes 2.9Trillion Stimulus Plan. View pictures in App save up to 80% data.

The Federal Executive Council approved the N2.3Trillon stimulus plan formulated in the Nigeria Economic Sustainability Plan planned to assist the nation’s economy in the face of the challenges of the Covid-19 pandemic.

This was publicized to the State's House correspondents by Zainab Ahmed, The Minister of Finance, Budget and National Planning.

Zainab Ahmed said in a statement that “The cumulative package that we proposed today is in the sum of N2.3Trillion, N500Billion naira of this is a stimulus package that is already provided for in the amended 2020 Appropriation Act".

The plan was constructed by a committee led by Yemi Osinbajo, The Vice President.

3. Workers kicks against salary cut at NAMA. View pictures in App save up to 80% data.

The Nigerian Airspace Management Agency(NAMA)'s decision to split the salary of workers in the month of June has been conveyed as a dissatisfaction by the Aviation Union.

The Aviation Union cautioned that the negligence to pay full salaries to NAMA’s workers would cause awful embarrassment to the country.

This was made known in a joint letter signed by Ocheme Aba, the General Secretary of Nigeria Union of Air Transport Employees(NUATE) Including the secretaries of the Association of Nigerian Aviation Professionals, Amalgamated Union of Public Corporation,Civil Service Technical and Air Transport Services Senior Staff Association of Nigeria.

The letter reads,

"We are compelled to infer that the management be appropriately supervised on how to deal with issues that concern salaries of our members in the agency".

4. FG Unbundles Nipost and establishes three subsidiaries View pictures in App save up to 80% data. View pictures in App save up to 80% data.

The Bureau of Public Enterprises declared openly that The Federal Government is unbundling the Nigerian Postal Service into three subordinate companies which will regulate on the principle of commercial viability.

Alex Okoh, The Director General of the BPE disclosed that "the steady reform of NIPOST was not privatisation of the entity but an unbundling process, adding that the core postal service function would remain with NIPOST as the parent company".

Okoh named the three commercial ventures to be etched out of NIPOST as NIPOST Transport and Logistics Company, NIPOST Microfinance bank Limited and NIPOST Properties and Development Company.

5. Bandits seize kaduna village head's daughter alongside nursing mother. View pictures in App save up to 80% data.

Some suspected bandits were reported to attack Karare village in the Batsari Local Government Area of Katsina State.

They reportedly kidnapped the daughter of the village head, Ciroma Ahmadu Karare alongside a nursing mother who was said to be 23-year-old.

The bandits were reported to ride into the village with motorcycles, they were said to be 20 in number and fully equipped.

They suspected bandits attacked numerous houses in the village, stole some food and crinkled some animals while operating in the village.

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Source: opera.com
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