A Comparative Analysis of Governor and Deputy Governor’s Office Budget Allocation

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Photo of Governor Babajide Sanwo-Olu of Lagos and Deputy Femi Hamzat

In the 2024 budget, governors in Nigeria allocated significantly higher budgets to their offices compared to their Deputies, with some governors dedicating nearly 100 times more funds to their offices than those of their deputies. A comparative data released by StatiSense show that Lagos State leads with the highest allocation to the Governor Babajide Sanwo-Olu’s office at ₦66.84 billion, while ₦2.38 … Read more

Insecurity: A Look at Nigeria’s Lowest IGR States in 2023

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Yobe State map and history

Nigeria’s economic landscape tells an increasingly troubling story for certain states with extremely low Internally Generated Revenue (IGR). According to the National Bureau of Statistics (NBS), 10 states recorded the lowest IGR figures in 2023, with eight Northern states dominating the list. For context, Ogun State IGR (₦146.88 billion) or Lagos IGR in 2023 is more than the … Read more

VAT Sharing Formula: What the Northern Governors Should Be Discussing

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cross-section of Northern Governors Forum during a meeting in Kaduna 2024

The recent response from the Northern Governors Forum, led by Gombe State Governor Mohammed Yahaya, opposing a proposed derivation-based Value Added Tax (VAT) sharing formula is not only laughable but reveals their unwillingness to engage in meaningful economic discourse. According to the proposed policy, states hosting more multinational companies would receive a larger share of … Read more

Accusers have used anonymity as a weapon against me – RCCG pastor accused of homosexuality speaks

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A suspended pastor of the Redeemed Christian Church of God (RCCG), Ayorinde AdeBello, has denied the allegation of homosexuality levelled against him by the church. He took to his Instagram page to react to the RCCG letter which announced his suspension because of alleged discussions he had with teenage boys of the church. Ayorinde, who said … Read more

Moniepoint Becomes Africa’s Newest Unicorn with $110M Investment Boost Led by Google

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Moniepoint is now the eighth unicorn out of Africa after the latest Series C fund. Here are the highlights of the company’s success in the recent fundraising: Funding Round Success: Nigerian fintech Moniepoint has raised $110 million, with Google’s Africa Investment Fund and Verod Capital joining as new investors, alongside existing backers, Development Partners International … Read more

RCCG Suspends Pastor Over Homosexuality Allegation

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Logo of Redeemed Christian Church of God (RCCG)

An internal memo of the Redeemed Christian Church of God (RCCG) has revealed that Pastor Ayorinde AdeBello and Deacon Oke Mayowa have been suspended from the church over homosexuality allegations against young people in the church. In an internal memo dated October 28, 2024, cited by InfomediaNG, the Special Assistant to the General Overseer on Administration has also been … Read more

Blackout in the North: A Warning That Bandits Can Ground Nigeria’s Economy – They Must Be Stopped

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The recent attacks on power infrastructure in Nigeria’s North East and North West, affecting 13 states, underscore that Boko Haram insurgents—or whatever they call themselves—still have the capacity to severely impact Nigeria’s economy. They must be crushed without any hesitation. The rhetoric of “they have been decimated” must end. Reports indicate that insurgents vandalized the … Read more

Tinubu’s Tax Policy Designed to Shortchange Us – Northern Governors’ Forum

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The Northern Governors’ Forum says they are unhappy with President Bola Tinubu’s proposed tax policy, which is based on a derivation principle. According to this principle, states would receive tax revenue in proportion to what they contribute to the national tax purse. While this policy has not yet become law, President Bola Tinubu has requested that the … Read more