Lagos Suspends BRT Lane Enforcement on Eko Bridge, Odo Iya-Alaro
The Lagos State Government has suspended the Bus Rapid Transit (BRT) lane enforcement along the Eko Bridge and Odo Iya-Alaro corridors to mitigate traffic congestion faced by commuters due to the rehabilitation of the Ifako Bridge expansion joint. The Special Adviser to the Governor on Transportation, Sola Giwa, approved the move, according to the Lagos […]
Nigerian Army Marks 162nd Anniversary with Week-Long NADCEL 2025 Events
The Nigerian Army is set to commemorate its 162nd anniversary with a week-long series of events for the 2025 Nigerian Army Day Celebration (NADCEL). The Chief of Army Staff (COAS), Lieutenant General Olufemi Oluyede, announced at a press briefing held at Army Headquarters in Abuja that this year’s celebration will include civil-military cooperation projects, a […]
Nigeria’s First Lady Donates ₦1bn To Victims Of Plateau Clashes
Nigeria’s First Lady, Oluremi Tinubu, has donated ₦1bn to victims of clashes in Plateau State. Mrs. Tinubu announced the donation, which also included food items and clothing, on behalf of the Renewed Hope Initiative (RHI) when she and the RHI team visited the state in solidarity and to lend a helping hand. According to her, […]
Liverpool Forward Diogo Jota Dies in Road Accident at 28
Diogo Jota, the Liverpool and Portugal forward, has tragically passed away at the age of 28 following a road accident in Spain. The fatal collision took place on the A-52 motorway, at kilometre 65, near Palacios de Sanabria in Zamora province. Born in 1996, Jota was an important player for both Liverpool FC and the […]
USAID Officially Shut Down Under Trump Administration
The US Agency for International Development (USAID) has officially closed its doors after President Donald Trump gradually dismantled the agency over its allegedly wasteful spending. More than 80% of all the agency’s programmes were cancelled as of March, and this week, the remainder were formally absorbed by the state department. The shuttering of USAID – […]
Ugandan Military Helicopter Crashes in Somalia, 5 Dead
A Ugandan military helicopter crashed and caught fire at the main international airport in Somalia’s capital, Mogadishu, killing five people on board. The pilot, co-pilot and flight engineer survived with “serious injuries and severe burns”, according to Ugandan military spokesman Maj Gen Felix Kulaigye, adding that an investigation into the cause of the crash was […]
IMF Urges Nigeria to Adjust 2025 Budget, Expand Cash Transfers
The International Monetary Fund (IMF) has said Nigeria needs to adapt its 2025 budget to lower oil prices and scale up cash transfers to shield the most vulnerable parts of its population that face hunger and poverty. Releasing the results of its routine “Article IV” assessment of Nigeria’s economic policies, the IMF said economic growth […]
FG Unveils ₦50m Grant for Student Innovations
The Federal Government has announced a N50 million student grant venture capital initiative to support efforts in making some outstanding student-led innovations and enterprises in Nigeria’s tertiary institutions market-ready. This is even as the Federal Government has inaugurated a high-powered ministerial committee to drive the commercialisation of research outputs from Nigeria’s tertiary institutions. Minister of […]
NNPC Reports ₦6 Trillion in Oil Revenue, Ends 3-Year Silence
The Nigerian National Petroleum Company (NNPC) reported a massive ₦6 trillion in oil revenue for May 2025, driven by a slight uptick in crude and condensate production. In a surprise move, NNPC also resumed its monthly financial reporting after nearly three years, marking a dramatic return to transparency. READ ANOTHER STORY – https://classic97.net/nigerias-31-5b-gap-threatens-2030-goals-as-growth-slows/
Nigeria’s $31.5B Gap Threatens 2030 Goals as Growth Slows
Classic fm 97.3 Nigeria’s ambitious 2030 development agenda is facing a significant obstacle: a staggering $31.5 billion annual financing shortfall. The African Development Bank (AfDB) has raised the alarm, urging the country to adopt robust financial strategies beyond traditional oil revenues to meet its economic targets. The development bank emphasized that Nigeria must “move beyond […]
