NEWS
Interior Minister Grilled Over N1.195bn Expatriate Quotas
The National Assembly’s joint committee of the Senate and House of Representatives on Interior Grilled the Ministry of Interior concerning expatriate quotas.
They expressed concern that these quotas might be leading to job opportunities being taken from Nigerians by expatriates within the country.
At the budget defense session on Wednesday, Minister of Interior Olubunmi Tunji-Ojo discussed the pros and cons of granting expatriate quotas permits to deserving foreign companies which took center stage during the committee meeting.
The ministry announced that it exceeded its projected revenue of N600 million from expatriate quotas in the 2023 fiscal year, generating N1.195 billion from January to October.
The minister highlighted that the ministry surpassed its revenue targets not only from expatriate quotas but also from marriage-related income.
He emphasized to the committee that although the target for revenue from expatriate quotas in 2023 was N600 million, as of October 31, 2023, the generated revenue stood at N1.195 billion from the issuance of expatriate quotas to deserving foreign firms in the country.
Tunji-Ojo said, “Aside from the projected revenue from expatriate quotas that had been surpassed by about N600 million extra, the N380 million projected revenue from marriage, has also been surpassed by over N500 million with N892.774 million realised as of October 31, 2023.”
Senator Adams Oshiomhole (APC Edo North), the Chairman of the joint committee, commended the minister for exceeding revenue targets through expatriate quotas.
However, he expressed concerns that the policy might inadvertently enable expatriates to take away job opportunities meant for Nigerians within the country.
Oshiomole said, ” Your ministry needs to regulate the issuance of the quotas very well as I have on good authority that prisoners from foreign land are working in Nigeria as construction workers.
“This is even different from the age-long fraud the oil companies have been carrying out in the country through the policy of expatriate quotas by making our qualified engineers work under foreign technicians.
“Many non-Nigerians are in the country, some of them live inside containers. I even believe and dare say that there are foreign prisoners who are working in Nigeria. They were shipped to our country to serve their prison terms.”
The committee chairman further stated “They were being paid according to their country’s minimum wage by the construction industry that brought them. I don’t want to mention the company’s name but if I am provoked, I will mention it.
“Honourable Minister, this is a serious issue. Prisoners are not expected to work in their countries if the product or whatever they engage in is meant to be exported,” the senator added.
In response, the minister reassured the committee that the ministry had implemented a project geared towards safeguarding Nigerian jobs.
He highlighted the Expatriate Employee Network as a key initiative designed to protect local jobs from being taken by expatriates.
Additionally, this project aims to prevent expatriate workers from evading tax payments in Nigeria.
The International Monetary Fund (IMF) has named Tony Elumelu, Founder and Group Chairman of Heirs Holdings, to its newly formed Advisory Council on Entrepreneurship and Growth.
The council, convened by IMF Managing Director Kristalina Georgieva, is tasked with addressing regulatory barriers to entrepreneurship and shaping policies that foster innovation, resource allocation, and private sector-led economic expansion.
A statement confirming Elumelu’s appointment was released on Friday, highlighting his influence as a strong advocate for entrepreneurship in Africa.
READ ALSO: Tony Elumelu Marks Daughter’s Birthday
Through the Tony Elumelu Foundation, he has provided funding, mentorship, and training to over 25,000 African entrepreneurs since 2015, championing the belief that private sector investments can drive the continent’s economic transformation.
“Elumelu will be instrumental in ensuring that Africa’s entrepreneurial potential is central to global economic policymaking,” the statement noted.
The IMF Advisory Council comprises global leaders from business, finance, and academia, including: Marc Benioff, CEO and Co-Founder of Salesforce, Ana Botín, Executive Chair of Banco Santander, Margherita Della Valle, CEO of Vodafone Group, Natarajan Chandrasekaran, Chairman of Tata Group, Robert Smith, Founder and CEO of Vista Equity Partners, HRH Reema Bandar Al-Saud, Saudi Ambassador to the U.S., Federico Sturzenegger, Argentine Minister of Deregulation and Professor Ufuk Akcigit, Economist, University of Chicago.
At the council’s inaugural meeting on March 26, 2025, Georgieva emphasized the significance of entrepreneurship in economic growth.
“The Council brings together a group of leading thinkers and practitioners in business, finance, academia, and policymaking to share their views and experiences on how macroeconomic and financial policies can provide a supportive environment for innovation, entrepreneurship, and productivity—key ingredients for a thriving private sector and strong economic growth,” she stated.
A powerful 7.7-magnitude earthquake struck central Myanmar on Friday, shaking the region and sending tremors as far as Thailand and China.
The quake’s epicenter was located in the Sagaing region, near Mandalay, Myanmar’s second-largest city, home to around one million people and renowned for its historic temple complexes.
Panic erupted as buildings swayed and dust filled the air.
READ ALSO: Powerful 6.8-Magnitude Earthquake Hits China, Dozens Killed
In Mandalay, videos shared online showed terrified residents rushing out of residential towers while traffic came to a sudden halt.
Reports indicate that a major bridge spanning the Irrawaddy River collapsed into the water in a cloud of dust and debris.
The quake was felt as far as Bangkok, Thailand’s capital, where video footage showed a partially constructed building in Chatuchak Park crumbling to the ground.
Thai authorities reported that 43 people were trapped in the wreckage, while seven others sustained injuries.
In Chiang Mai, a resident described feeling the tremors for about ten seconds before fleeing into the streets.
In Myanmar’s commercial hub, Yangon—about 380 miles from the epicenter—residents also experienced the powerful shaking.
One resident recalled, “We felt the quake for about a minute, then ran out of the building.
It was very sudden and very strong.” Another noted that phone networks in the city, home to around 8 million people, briefly went down but were later restored.
Myanmar, one of Asia’s poorest nations, is already grappling with the effects of a brutal civil war sparked by a military coup over four years ago.
The conflict has devastated the economy, and the country remains ill-equipped to handle a major natural disaster of this scale.
The Sagaing region, where the earthquake struck, is a war zone with multiple factions—including the ruling junta, pro-military militias, and rebel groups—fighting for control.
The ongoing violence has made travel by road or river extremely dangerous, posing significant challenges to delivering emergency aid and assessing the full extent of the damage.
Tremors were also felt in China’s southwestern Yunnan province, underscoring the quake’s intensity.
Authorities across the region are now assessing the situation, with emergency teams mobilizing in both Myanmar and Thailand.
A fire outbreak in the early hours of Friday morning has gutted buildings on Ifejika Street, by Sokoto Road, Onitsha, prompting swift intervention from the Anambra State Fire Service.
The inferno, which reportedly started in one of the buildings at about 6:20 a.m., quickly spread to an adjacent structure, causing panic among residents and business owners in the area.
The exact cause of the fire remains unknown at the time of this report.
READ ALSO: Fire Ravages Two-Storey Commercial Building In Anambra
Eyewitnesses say residents and passersby joined forces with the firefighters in an attempt to salvage goods and properties from the affected buildings.
The head of the Media and Publicity Unit of the Anambra State Fire Service, Chukwudi Chiketa, confirmed the incident in a brief statement.
“Anambra State Fire Service is currently on intervention at the scene of the fire outbreak at Ifejika Street, by Sokoto Road, Onitsha. The distress call came at 6:20 a.m. today, and our firefighters deployed immediately. The public is advised to remain calm as the situation is under control,” Chiketa said.
As of the time of filing this report, efforts to completely extinguish the fire were still ongoing.
Authorities are yet to determine the extent of the damage and the possible cause of the outbreak.
More details to follow………
EFCC Issues Arrest Warrant For Socialite Aisha Achimugu
IMF Appoints Tony Elumelu To Global Advisory Council
Real Madrid Coach, Ancelotti In Legal Battle Over Tax Fraud Charges
Massive 7.7 Magnitude Earthquake Rocks Myanmar, Shakes Southeast Asia
Egypt Named Host Of 2025 U-20 AFCON As Côte d’Ivoire Withdraws
