News – Page 23 – Democracy Radio

Tinubu’s Reforms Drive ₦1.3 Trillion Customs Revenue in Q1 2025

By Oluwakemi Kindness The Nigeria Customs Service (NCS) has recorded an unprecedented revenue of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion collected during the same period in 2023. Comptroller-General of Customs, Adewale Adeniyi attributes this remarkable growth to transformative reforms under President Bola Tinubu's Renewed Hope Agenda, as revealed in an upcoming State House documentary marking the President's second anniversary. Adeniyi highlightes that the revenue surge emanated from improved technological deployment, enhanced port […]

May 25, 2025 9 5

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News

Court Warns Employers: No Room for Pension Defaults

By Oluwakemi Kindness The National Industrial Court says employers who fail to remit or under-remit pension contributions are strictly liable under the Nigerian law. This is according to Justice Olufunke Yemi Anuwe of the National Industrial Court who notes that such employers could face limited legal defenses when such matters are brought before the courts. Justice Anuwe made this assertion in her presentation at the Fourth Forum of Company Secretaries and Legal Advisers in the Pension Industry, by the National […]

May 25, 2025 7 3

News

Sickle Cell: Foundation Commends NSITF’s Initiative On Awareness

By Chinedu Echianu The Judith Ojonugwa Sickle Cell Foundation has commended the Corporate Social Responsibility (CSR) effort of the Nigeria Social Insurance Trust Fund, (NSITF) on Sickle cell awareness, noting that it is in alignment with the Renewed Hope Agenda of President Bola Tinubu. The Foundation, in a letter to the Managing Director of NSITF, Barrister Olúwaṣeun Faleye, expressed deep appreciation for the donations it received from the Fund. The Foundation in the letter, further stated that the donation has […]

May 25, 2025 17

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Economy

Federal Government Reviews Economic Priorities in Trade and Investment

By Oluwakemi Kindness The Federal Government has taken a significant step towards repositioning Nigeria's economy, as the Economic Management Team (EMT) convened to assess Nigeria’s trade strategy, investment climate, and infrastructure planning. The session Chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in his office in Abuja underscored the government’s commitment to positioning Nigeria as a competitive, investor-friendly economy through coordinated policy reforms and diplomatic engagement. A central feature of the meeting was a […]

May 23, 2025 13 1

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General

SMEDAN Rewards Young Talent with N5mn for Entrepreneurial Intelligence

By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has awarded a total of N5 million to three outstanding young Nigerian innovators at the SMEDAN Talent Hunt. This was in partnership with Microvis Microfinance Bank and Baobab Microfinance Bank which also gave other contestants consolation prize money. The competition, which focused on groundbreaking solutions to reduce post-harvest losses in Nigeria’s agricultural sector, saw brilliant young minds from across the country pitch their inventive ideas to a […]

May 23, 2025 12 3

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Economy

P&ID Case Lawyers Urge Procurement Reform, Applauds CBN Legal Counsel

By Oluwakemi Kindness The Federal Government has received critical recommendations from foreign legal counsel who successfully represented Nigeria in the high-profile legal battle against Process & Industrial Developments Ltd. (P&ID), aimed at preventing future contractual disputes. The legal experts emphasized the importance of implementing robust safeguards when entering into high-value contracts. Central to their recommendations is the need to strengthen the nation's procurement processes and ensure comprehensive due diligence on prospective contractors and service providers. According to the legal team, […]

May 23, 2025 15 2 2

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General

PenCom Tasks Fund Operators’ Vendors to Enforce PRA 2014

By Oluwakemi Kindness The National Pension Commission (PenCom) has issued a new directive to all Licensed Pension Fund Operators (LPFOs), comprising Pension Fund Administrators PFAs) and Pension Fund Custodians (PFCs). The directive prohibits transacting with service providers and vendors that do not remit pensions for their employees as evidenced by a Pension Clearance Certificate issued by PenCom. Section 2 of the PRA 2014 mandates all employers in the public and private sectors—including Federal, State, and Local Governments—to participate in the […]

May 23, 2025 13 2 2

Featured

FCT Administration Reads Riot Act to Traffic Offenders

By : Sofiat Adenekan The Federal Capital Territory Administration (FCTA) has issued a stern warning to motorists who engage in traffic violations. It listed the violations to include driving against traffic and running red lights while pledging strict enforcement measures, including vehicle impoundment and prosecution. The warning, issued through the FCT Transportation Secretariat, comes amid growing concern over the increasing incidence of traffic infractions across Abuja. The Director, Directorate of Road Traffic Services (DRTS), Abdulateef Bello, says offenders will be […]

May 23, 2025 10

Featured

Professor Sulaiman Celebrates Kwara Students’ UTME Success

By Sofiat Adenekan The Director General of the National Institute for Legislative and Democratic Studies, Professor Abubakar Olanrewaju Sulaiman, has praised the exceptional performance of public secondary school students in Kwara State in the 2025 Unified Tertiary Matriculation Examination. In a statement released Thursday, by his media aide, Mohammad Abdulkadri, Professor Sulaiman describes the students’ success as inspiring, particularly singling out pupils from Ansarul Islam Secondary School and the University of Ilorin Secondary School in Ilorin. Among the top performers, […]

May 22, 2025 6