Budget

10 tips for buying annual travel insurance

A comprehensive guide to buying annual travel insurance including what to look out for, the pitfalls to avoid and the questions to ask Back in 2014, British adrenaline junkie Ben Cornick jumped out of a plane in Fiji at 12,000 feet. There was no way to know at the moment he leapt out of the aircraft that his parachute wouldn’t work properly and that he would plummet to Earth, breaking his leg in three places and shattering his elbow. It gets worse: Ben hadn’t bought travel insurance and had to pay £20,000 upfront for treatment to save his leg. His parents pulled together their life savings and readied to sell their house. ViktorKozlov/Shutterstock Skydiving is risky But then there was an unlikely twist: following media coverage of Ben’s predicament, complete strangers donated money to pay ...

Minister: Why Nigerian government insists on removing petrol subsidy

The Minister of State for Budget and National Planning, Clem Agba, on Tuesday, reiterated the need to deregulate the downstream petroleum through the removal of subsidy on Premium Motor Spirit. According to him, only the wealthy were currently benefiting from the subsidy. The minister spoke during the leadership and governors’ discourse on open government partnership held in Abuja, on Tuesday. He said, “Some will say if you take out fuel subsidies the ordinary man will suffer, how will the ordinary man suffer? Is it in terms of food? Vehicles that are used for moving food are heavy-duty vehicles. And they don’t use PMS, they use diesel and that has since been deregulated. Those that we are actually subsidising are the very rich. “Those who drive the Rolls Royce, the Lamborghinis and other ...

#EndSARS: VP Osinbajo urges States to send judicial panels’ progress reports

As plans for next year’s budget begins to gather pace, the National Economic Council (NEC) has endorsed the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) which was presented to it at an emergency meeting of the Council today. Besides the MTEF presentation, the NEC also updated its focus on the reports of the State Judicial Panels set up across the country after last year’s #EndSARS protests. Vice President Yemi Osinbajo, SAN, urged States where the panels are still sitting to also send interim reports so as to measure progress. According to the Vice President, in a statement by his media aide Laolu Akande, the reports are now being received ahead of a Council meeting where presentations would be made on them, both for States where the panels have conclude...

Ethiopia urges Tigray rebels to join ceasefire, hostilities persist

Ethiopia’s government urged Tigrayan rebels to join a unilateral ceasefire in their conflict on Thursday as aid agencies struggled to reach hundreds of thousands of people facing famine. The Tigray People’s Liberation Front (TPLF), the former rulers of Ethiopia’s Tigray region, said on Monday it was back in control of the regional capital Mekelle after nearly eight months of fighting. The government declared a unilateral ceasefire but the TPLF dismissed it as a joke. Hostilities persisted on Thursday and pressure built internationally for all sides to pull back. “Operations are under way … and the number of prisoners of war is increasing by the minute,” TPLF spokesman Getachew Reda told Reuters by satellite phone, with light artillery fire crackling in the background. “We are closing in on...

Gombe governor commends federal government’s agenda of creating 25 million jobs by 2025

Gov. Inuwa Yahaya of Gombe State has commended the Federal Government’s agenda of generating 25 million jobs by the year 2025. He stated this in Gombe, on Monday, while launching a two-day technical meeting on the preparation of the Medium National Development Plan (MTND) for 2021 -2025, for the six states in the North East Zone. The Governor, who was represented by his Deputy, Manasseh Jatau, said: “It is worth noting that the Medium-Term National Development Plan aims to create 25 million jobs, lift 34 million people out of poverty. “I will like to also appreciate Federal Government for taking a new approach towards achieving a more inclusive and effective participation of states and Local governments at different stages. “Involving everyone in the ongoing process of developing and imple...

Kwara to establish multi-billion naira cancer treatment centre

Kwara State Government has announced plans to establish a multi-billion naira Cancer treatment Centre to be situated at the Ilorin General Hospital. This is contained in a statement signed by Alhaji Bashir Adigun, the Special Adviser, Political Communication to Kwara Governor, AbdulRahman AbdulRazaq. According to him, the N2.5 billion recently donated to the state by the Abdul Samad Rabiu Initiative (ASR Africa) will form a huge chunk of funding for the modern facility. The governor said the centre along with the 12-bed intensive care unit, the modern dental and eye care facilities recently added to the general hospital was part of the huge investments. He said that these facilities would convert the General Hospital to a research facility (teaching hospital) for the take-off of the medica...

SSANU threatens strike over Nigerian government’s directives on workers of staff schools

The Senior Staff Association of Nigeria Universities (SSANU) has advised the Federal Government to withdraw the circular directing that workers of the Staff schools should not be captured in the 2022 budget. The President of SSANU, Mohammed Haruna, gave the advice while speaking with newsmen on Sunday in Abuja. He threatened that the union would embark on industrial action if government refused to heed the union’s request. Haruna was reacting to the alleged circular from the Budget Office directing that teachers in Staff Schools should be removed from the Consolidated Salary Scale, CONTISS, in the 2022 budget. He said that the reopening of the matter that had been decided by the National Industrial Court would affect the industrial harmony being enjoyed in the universities as there a subsi...

VP Osinbajo: How grassroots planning helped our social investment programmes

One factor responsible for the impactful implementation of the Social Investment Programmes of the Buhari administration over the years is the realization that you can’t reach Nigerians if you don’t have a plan for the grassroots, according to Vice President Yemi Osinbajo, SAN. This realization then influenced the structure designed for the SIP and is largely responsible for the successes of the programme (which is now regarded as one of the biggest social welfare schemes in the continent). Prof. Osinbajo stated this Sunday in Lagos at the inauguration of the Dash Me Store, an outfit of the Dash Me Foundation founded by the immediate past Finance Minister, Mrs Kemi Adeosun. The store is established to mobilize resources for onward distribution to vulnerable people in the society via grassr...

PSG steals Georginio Wijnaldum from Barca’s grips with better offer

Liverpool’s Dutch midfielder, Georginio Wijnaldum, who had been a long-time target to firm up the Catalan midfield for Barcelona, made a sudden volte face by deciding for former French Ligue champions Paris Saint-Germain instead. Just when the details of his move from former English Premier League champions Liverpool were almost fully sorted with arrangements on course for Wijnaldum’s medicals at Camp Nou, PSG jumped ahead to challenge for the midfielder’s interest with a juicier offer which appears to have worked in their favour. The Ligue 1 side has now won the race to sign 30-year-old central midfielder on a free transfer from Liverpool. PSG found their way around advanced talks between Wijnaldum and Barca by showing the defender their determination to attract him to Paris by improving ...

Nigerian government mulls deployment of GPS to monitor constituency projects, expenditure

The Federal Government, yesterday, considered the deployment of Global Positioning System (GPS) across the six geopolitical zones, in a bid to monitor constituency projects and expenditure. It also considered a bottom-up approach in the siting and location of zonal/constituency projects to enhance and ensure ownership by the constituents. This was contained in a communiqué issued at a 2-day stakeholders’ interactive forum organized by the Ministry of Special Duties and Intergovernmental Affairs, yesterday in Abuja. The communiqué which was signed by Simon Tyungu, a Special Adviser to the Minister of Special Duties and Intergovernmental Affairs, George Akume, added that ICT platforms should be created for monitoring and evaluation of projects to reduce physical exercise. According to him, “...

Nigerian government approves N9.2 billion premium for civil servants’ life insurance

The Federal Executive Council (FEC) has approved the sum of N9.2billion as premium to insurance companies that will manage the group life insurance for federal civil servants in the country. Minister of Information and Culture Lai Mohammed revealed this when he briefed State House correspondents on the outcome of the Council meeting which was presided over by President Muhammadu Buhari in Abuja on Wednesday. He said: “On behalf of the Head of Civil Service of the Federation, I will like to report that council today approved the award of contract for the appointment of insurance companies for group life assurance for federal government employees, public servants, para-military and the intelligence community for the year 2021-2022 in the sum of N9, 248. 995, 907. “This premium is for a perio...

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