DIASPORA umbrella body the Central Association of Nigerians in the UK (Canuk) has initiated plans towards becoming a community interest company (CIC) after delegates to its recent annual general meeting (AGM) mandated the executive committee to call an emergency general meeting (EGM) to look into the matter.
[1] Nigeria will be made up of 42 states, with seven per each of her constituent geo-political zones
[2] Each state will be responsible for creating and funding its local governments as it deems fit. Local governments will be funded internally by the charging of a local tax, which will be augmented by a state grant representing no more than 10% of their total expenditure
ALHAJI Aliko Dangote has revealed that his company the Dangote Group has already paid back $2.4bn out of the $5.5bn loan it took out to construct the mega $19bn refinery in Lagos State designed to refine 650,000 barrels of crude oil per day.
TWO Nigerian eateries in the UK have avoided getting into a legal spat after a restaurant in Kettering in the Midlands agreed to change its name to Zuma Rock from Aso Rock following a legal threat from another outlet with same name.
[1] Nigeria will release all political prisoners without charge and drop the pending charges against them. Chief among these will be Nnamdi Kanu. As from henceforth, all of them are free to advance their causes in an open and democratic manner and shall not face state harassment as long as they do not take up arms against the government
[1] Nigeria will from henceforth have an annual budget ratio of $1bn to every 1m citizens. In 2025 for instance, with a population of 200m, our national budget shall not be less than $200bn
[2] Every one of Nigeria’s 36 states shall generate at least twice the amount of its running costs. Any state that fails to do this over two successive quarters shall be dissolved and incorporated into one of its neighbours
CAPITAL market operatives are confident that the ongoing recapitalisation of the Nigerian banking industry will provide the economy with a much-needed shot in the arm that should result in increased investment.
NIGERIAN trade unions have vowed to reject an offer of a ₦100,000 minimum wage if it is presented by the federal government threatening that they may resume their nationwide strike tomorrow if an agreement on the proposed N250,000 is not reached.
[1] Like Nigeria, Australia is a federation but one big difference between the two nations is that their state govenors get off their backsides and raise revenue internally
