News
Experts seek proper implementation of FG’s N500bn fiscal stimulus package
Financial experts on Tuesday said the N500 billion fiscal stimulus package of the federal government would mitigate heightened risks posed by COVID-19 to the economy if properly implemented.
The experts spoke with Our Correspondent in Lagos on the N500 billion fiscal stimulus package announced by the Federal Government in response to the COVID-19 pandemic.
Uche Uwaleke, Professor of Finance and Capital Market at the Nasarawa State University Keffi, commended the federal government for introducing the N500 billion fiscal stimulus package announced by the Minister of Finance, Budget and National Planning in response to the COVID-19 pandemic.
Uwaleke said, if well implemented, the fiscal stimulus package, together with the palliatives already announced by the Central Bank of Nigeria (CBN), would subtantially mitigate heightened risk posed by the pandemic to public health and the economy.
“This package which includes about N102 billion direct intervention to State governments as well as for the improvement of health facilities nationwide, will go a long way in the provision of critical health infrastructure required to fight the disease including intensive care units, personal protective equipment, ventilators and so on.
“It is cheering news that the government has also made provision for the enhancement of hazard allowance including insurance of health workers especially those on the frontline,” he stated.
He added that the activation of the Finance Act 2020, which granted tax concessions and waivers to Small and Medium Enterprises was a welcome development.
“However, granted that the Finance Act has widened exemptions with respect to VAT, the federal government should consider postponing the implementation of the VAT increase till the crisis is over just as was done in the case of new electricity tariffs.
“The government needs every kobo it can raise in order to provide these palliatives.
“This is why the government’s effort to take advantage of a COVID-19 concessional rapid credit facility, at zero interest rate, from the International Monetary Fund should be supported as other countries like Rwanda and Mozambique have done so,” Uwaleke said.
Also speaking, Prof. Sheriffdeen Tella, Professor of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, commended the N500 billion fiscal stimulus package, saying that it was directed largely at health sector expenditure.
Tella stated the fiscal stimulus would complement the donations made by wealthy Nigerians, corporate bodies and financial institutions to tackle the effect of the pandemic.
“One aspect I have not heard from allocations from all these sources is how much is voted for research; for a medical research institution like the one in Oshodi, Lagos, towards contributions to finding global solutions to the COVID-19. There is the need to be explicit on this.
“Also, intervention to firms producing hand gloves, facial masks and other medical attires, specifically for the pandemic have to be clearly stated so that the public can appreciate efforts at providing for and protecting medical personnel,” Tella said.
Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said economic crisis was at hand with the coronavirus outbreak since December 2019.
“Our delay as a nation in putting preventive measures earlier will cost us a lot to curtail the spread and manage the effects on the economy.
“The ongoing economic palliative of food sharing, transfer of money to the poor will not have impact on economic recovery or growth.
“The N500 billion intervention fund is a welcome development for managing the spread of virus and post coronavirus economic recovery if effectively utilised,” Omordion stated.
He noted that the intervention funds and palliatives should be targeted at critical sectors of the economy such as agriculture, manufacturing and healthcare, among others to ensure quick recovery.
News
‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain
By Emmanuel Kuza
A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.
Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.
According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.
“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.
He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.
“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.
The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.
Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.
“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.
He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.
“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.
Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.
He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu
News
200 widows benefit from empowerment outreach in Plateau
By Israel Adamu, Jos
Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.
The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.
The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.
She stressed that the outreach was not a political programme but an expression of love and support for humanity.
Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.
“This is simply an expression of compassion and love for humanity. It is not a political programme.
“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”
Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.
Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.
At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash
News
SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance
By Francis Wilfred
The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.
They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026
The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.
Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.
Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations
He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector
“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.
In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.
The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.
-
Uncategorized6 years agoFG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines11 years agoBreaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News12 years agoNigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News10 years agoHow 21-year-old Girl fled community over accusation of lesbianism
-
News11 years agoYobe Gov Moves Against Deputy
-
Opinion7 years ago7 signs she has friend zoned you
-
Technology5 years ago
Online job placement company headhunts women
-
Headlines10 years agoBorno Dep Gov Abducts Another Church Leader
