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  By AfreecanImage News Desk The Federal Government has reaffirmed its commitment to transforming Nigeria's livestock sector through strategic partnerships, increased investment, and sustainable value chain development aimed at boosting food security, creating jobs, and accelerating economic growth. The Minister of Livestock Development, Alhaji Idi Maiha , made the commitment during a meeting with an international delegation led by Safia Boly , where he highlighted Nigeria's vast investment opportunities in livestock production and called for stronger collaboration in fodder production, livestock breeding, and capacity building. Nigeria Targets Large-Scale Fodder Production The Minister said Nigeria possesses abundant natural resources suitable for commercial fodder cultivation, particularly in Kano State , which has several major dams, including the Challawa and Bagauda Dams . He disclosed that the Ministry is exploring the possibility of dedicating some water resources ...

  By AfreecanImage News Desk The Presidency has outlined what it describes as a major shift in the political and economic landscape of Nigeria's South-East, attributing the change to President Bola Ahmed Tinubu's infrastructure projects, strategic appointments, and economic reforms. In an article titled "How President Tinubu is Redrawing the South-East Political Map," written by the Senior Special Assistant to the President on Media and Special Duties, Tunde Rahman , the administration argues that development initiatives are gradually changing public perception and political alignment in the region. Infrastructure Driving Economic Growth According to the Presidency, several long-delayed federal infrastructure projects are either ongoing or nearing completion across the South-East. These include: Rehabilitation of the Enugu-Onitsha Expressway. Construction of the Calabar–Ebonyi–Benue Trans-Saharan Superhighway. Upgrades on the Enugu–Port Harcourt Road. D...

By AfreecanImage News Desk The Chairman of the Alliance for Economic Research and Ethics, Dele Oye , has warned that millions of low-income Nigerians are being trapped in a cycle of poverty by high-interest digital loans and rising living costs, urging regulators to take urgent action to protect vulnerable consumers. In a statement titled "The Mathematics of Marginalisation: Decoding Nigeria's Poverty Premium," Oye argued that Nigeria's economic system disproportionately penalises poor citizens, forcing them to pay more for essential goods, healthcare, housing and access to credit. Digital Loan Apps Under Scrutiny Oye expressed concern over the rapid growth of digital lending platforms that charge annual interest rates exceeding 300 per cent , describing the practice as exploitative. He called on the Central Bank of Nigeria (CBN) and other regulatory agencies to introduce interest rate caps on digital loans and strengthen consumer protection laws to curb predat...

  By AfreecanImage News Desk The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) at the Federal High Court in Abuja, demanding full disclosure and accountability over ₦211 trillion recorded in the company's 2023 audited financial statements. The suit, marked FHC/ABJ/CS/1427/2026 , seeks an order of mandamus compelling NNPCL to release all documents, records and information relating to the transactions classified as "Sundry Receivables" and "Accrued Expenses." Breakdown of the Amount in Dispute According to SERAP, the 2023 audited financial statements show: ₦107.6 trillion recorded as Sundry Receivables . ₦103.4 trillion recorded as Accrued Expenses . The organisation argues that the financial statements did not provide enough information to allow Nigerians or other stakeholders to properly scrutinise the transactions. What SERAP Wants the Court to Order ...

  By AfreecanImage News Desk The Budget Office of the Federation has released a detailed explanation addressing public concerns over the appropriation made for the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council (PEAC/PFIPC). According to the Office, although funds were appropriated by the National Assembly, none of the money was ever released or spent because the legal and financial conditions required for public expenditure were never fulfilled. Director-General of the Budget Office, Tanimu Yakubu , explained that an appropriation only authorises government to make budgetary provision for expenditure. It does not automatically translate into cash release, salary payments, procurement, or operational spending. Multiple statutory approvals and financial controls must first be completed before any public funds can legally leave the Treasury. Appropriation Did Not Become Expenditure The Budget Office stated that the PEAC/PFIPC was recog...

  ABUJA, Nigeria July 23, 2026   President Bola Ahmed Tinubu has approved a major expansion of the Nigerian Army, increasing its operational structure from eight to twelve divisions and authorising the recruitment of 28,000 additional personnel in what the Federal Government describes as a significant step toward strengthening national security and improving military readiness across the country. The approval forms part of the administration's broader efforts to modernise the Armed Forces, improve operational efficiency, and enhance Nigeria's capacity to respond to emerging security threats, including terrorism, banditry, kidnapping, and cross-border crimes. Army Expansion to Strengthen National Security According to the State House, the expansion represents one of the most significant military restructuring initiatives in recent years. The Federal Government said the new force structure is designed to: Improve command and control across military formations. Decent...