Fuel queues, which disappeared from the nation’s capital in the past two weeks, resurfaced on Monday, and worsened on Tuesday. As the hardship worsened, the Nigerian National Petroleum Corporation claimed Tuesday it has adequate stock of petroleum products. Queues of anxious motorists began to build outside most filling stations in the Federal Capital Territory on Monday apparently as reports filtered in over the weekend about signs of scarcity in Lagos and environs. On Tuesday, the situation appeared to have worsened, as the queues outside major filling stations became longer than the previous week. In its reaction, the NNPC on Tuesday said it had stepped up efforts to maintain stability in the supply and distribution of products nationwide.
Group Public Affairs Division of the corporation, Ohi Alegbe, warned consumers against panic buying, saying there was sufficient stock of products to last at least 25 days.
“The corporation has enough stock of petrol to service the country for 25 days at a national consumption rate of 40 million litres per day,” Mr. Alegbe said in a statement. “We have also stepped up product distribution to petroleum marketers and NNPC retail outlets across the country,” he added.
While calling on members of the public to refrain from panic buying, the NNPC said the stock of petrol at its coastal depots in Port Harcourt, Warri and Calabar, besides the stock it holds in the national strategic reserves, was enough to meet the need of consumers.
Really? Did you say that about Brainless Bubu who FAILED in 2003, 2007 and 2011 Worst part is that after finally winning the megida does not even know what to do with his mandate, chai
His Excellency the executive governor, of Edo State, Comrade Adams Aliu Oshiomole, and our dear mother Hajia Aisha Oshiomole, His excellency the deputy governor of Edo state and his able and beautiful wife, the wife of our ... the wife of the chairman of our great party Mrs Oyegun, our zonal national woman leader, our state woman leader, the wives of the governors with me and the wives of the former governors that are with me, and the ones that we met here.
Distinguished ladies and gentlemen, we are here in Edo to see my sisters and mothers. The moment the executive governor started introducing some women to me, I know* that I am in the right place and I met the right APC women. ((crowd cheers)) This is what is called digital! These are digital women! I am so delighted to be here and I am overwhelmed by the reception I got from the women of Edo state.
We are not here to campaign but to say a very good thank you, a very very big thank you to my sister the wife of the deputy governor, the commissioner for women affairs, the wife of the chairman of the party, the zonal woman leader, and the state woman leader for the job well done they’ve been doing in educating the electorate in Edo state.
In each zone of the country we have peculiar problems; our problems differs*. For me in this zone, girl-child trafficking should be considered one of our problems, though I know there is unemployment. The unemployment is the major factor that contributes to brain drain and also the girl-child trafficking. General Muhammadu Buhari is a leader, he was a leader, he led Nigeria some decades ago, and he is coming back now to sanitise the system.
For those that are campaigning, saying that he is coming to jail Nigerians, I don’t know what their fear*, but they shouldn’t because we are all yearning for change. The insecurity of the country, the very very very bad healthcare system, lack of education and other basic necessities that people are lacking. I think they need somebody like him now, and already some years back he have* been contesting. They have painted him black using religion. I’m happy today Nigerians discovered that they use religion as a cover to loot Nigeria to nonsense*. They’ve grounded the country. Whoever talks to you about religion in this country, a politician that can talk to you about religion, he is a liar. He is a liar, he wants to loot! He wants to loot the little resources you supposed* to enjoy, so say no to politics, comparing it, matching it with religion to deceive people.
I’m here today to let Edo women know that when my husband elected* into the office of the ... president of the federal republic of Nigeria, all these are going to be history. The insecurity, the girl-child trafficking, suffering of the widows in the south-east will come to an end. There must be a design, a cultural design that can accommodate the widow, and then a design that can make the girl-child comfortable wherever she is in this country. [size=14pt]She doesn’t need to leave her country to go and prostitute elsewhere.[/size] It is not her portion. Her portion is to have a moral, a highly standard* moral society for her to live, get married, have children, train them ... train them and also mould them to become the future of our leaders*.
We’re here today to also educate you and to let you know that the collection of PVCs is important. You collect your PVC and don’t sell it. Don’t ever sell it. Don’t ever sell it; it’s like selling your future again. When you sell it for five thousand, you won't see five thousand* again till after four years, which is too bad for you. Get your PVC, vote for APC, vote for freedom, vote for new Nigeria. Good security, good education, good health care, good road* and all the basic necessities should be given to you.
I thank you all for being here this afternoon, being under the sun for hours waiting to see me. Thank you so much, I love you all. Thank you, thank you so much.
Last week ... sorry last week we lost a sister, a mother, a former woman leader, Mrs Modinat Omoduwa. Can we have a one minute silence* for her… ((8 second pause)) May her soul rest in perfect peace. Thank you so much.
kendrick9: With all this weapons and ammunitions yet boko haram are still getting stronger day by day.... Nigerian army is overrated...
No, our soldiers are not overrated. Rather there are too many socio-political factors against their decisive crush of the terrorists as detailed in the samples below =>
Thanks to Dr. Goodluck Ebele Jonathan for buying these equipment to re-arm our soldiers after many decades of neglect and wanton corruption by previous regimes. Thank you sir.
Nor be all these DEPENDENT babes wey nor get shame go dey form women's liberation
We need, as a nation, to focus more on technical & vocational education and SKILLS acquisition for creating VALUE rather than just collecting attendance/participation certificates and degrees.
frisky2good: I have actually tried but I was not successful. I haven't given up though. At least I'm still a long way from 72.
That is the spirit bro. I think you should focus more on encouraging others to also get more interested as alone we can do almost nothing. In any case chop knuckle o jare.
Is it Jonathan's PIB or was it not initiated during Obasanjo's time and actually presented as a Bill to the NASS in 2008 by Dr. Rilwan Lukman under Yar'Adua's presidency
Overview of the Nigerian Petroleum Industry Bill
The Petroleum Industry Bill (the “PIB” or the “Bill”) is perhaps the most talked about piece of legislation in Nigeria given the far reaching reforms which it proposes to an industry which is the single most significant contributor to the national economy. Originally introduced in December 2008, the bill has undergone numerous revisions and has been the subject of intense debate. On 18 July 2012 President Goodluck Jonathan presented a new version of the PIB to the seventh session of the National Assembly for consideration and enactment. This article considers the history of the Bill and provides an overview of its salient provisions. THE EVOLUTION OF THE CURRENT VERSION OF THE BILL
In an attempt to restructure the oil and gas industry, the Oil and Gas Sector Reform Implementation Committee (OGIC) was inaugurated on 24 April 2000 under the chairmanship of Dr. Rilwanu Lukman (then serving as the Presidential Adviser on Petroleum and Energy). The OGIC was charged with the task of making recommendations for a far reaching restructuring of Nigeria’s oil and gas industry. The recommendations of OGIC included a proposal to separate the commercial institutions within the industry from the regulatory institutions. In 2007, the Federal Government of Nigeria introduced the National Oil and Gas Policy and re-constituted OGIC to make recommendations towards the emergence of a new institutional framework to govern the operations of the oil and gas industry, including the emergence of a new National Oil Company, new regulatory bodies and a new national directorate, for a more effective policy formulation for the industry. Further deliberations of OGIC produced the Lukman Report of 2008 which recommended a new regulatory and institutional framework that, when implemented, would guarantee greater transparency and accountability. This report formed the basis for the first PIB that was submitted in 2008 as an Executive Bill. Among the salient features of the original version of the PIB were the:
unbundling and commercialization of the Nigerian National Petroleum Corporation (NNPC); transformation of the existing joint ventures between multinational oil companies and the NNPC; deregulation of the downstream sector; creation of new regulatory bodies; and introduction of a new fiscal regime that sought to increase overall government take.
frisky2good: Do you know how long it took APC to apply for INEC registration after it was formed? They waited until some people claimed the acronym was theirs before they rushed to submit their registration form. They have never been well organised as a party. It's just a shame that in a country like Nigeria we will be presented with 2 bad options on election day. Head we lose, tail we still lose. There are too many selfish people in APC.
Perhaps it is time for you and others to be more involved in the electoral process so we do not lose either way and have BETTER options on election days for:
- LGA Councillor - LGA Chairman - House of Assembly lawmaker - Governor - Senator - Representative - President
cuteboy2: But Lai Mohammed (APC Spokesman) was very emphatic that Buhari is not the leader of APC, regardless of his status as the President. Lai says Buhari is merely a product of the party just like a House of Assembly member who emerged on the platform of APC.
LIE Mohammed is just telling himself a lie after too much of telling us lies over and over again. The man thinks he is a maradona like IBB but just like IBB he will soon step aside all by himself when his eyes are cleared of the deception he has had all this while. Then we will tell him =>
skykenny: The administration GEJ was characterised of recklessness, impunity and corruption. I am glad to be a part of the team that sent him packing.
I am sad to see a dummy display himself openly in public =>
FG, States, LGs Share N568.4 Billion for Oct 15 NOVEMBER 2013
Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.
Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."
While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.
He said that [size=14pt]the states had requested for $2bn[/size] to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.
anonimi: [size=14pt]Tinubu Tackles FG, CBN On Excess Crude Oil Sales Account[/size] Feb 22, 2001
The Lagos State Governor, Senator Bola Ahmed Tinubu, yesterday joined issues with the Federal Ministry of Finance and the Central Bank of Nigeria (CB N) over the recent face-off between the different tiers of government on the excess crude oil sales reserve account of US$ 1. 8 billion which is about N198 billion.
Expressing concern at the impression being created that the economy is rudderless, Tinubu argued that the central issue transcends the release or non-release of the fund into the Federation Account.
In his words: “The fundamental issues and principles at stake go much deeper. They are more broadly about the rule of law and the supremacy of the constitution on one hand, and the need for cooperation and coordination in a true federal structure, as a basis for sustaining and strengthening our fledgling democracy on the other hand”.
Governor Tinubu [size=14pt]disagreed with the CBN's position that release of the excess crude reserves to the states and local governments, though legitimate, [/size]would lead to inflation; cause a rundown of the nation's foreign reserves; weaken the exchange rate further and run counter to agreements reached with the IMF.
The Governor contended that "in a period of excess capacity and low purchasing power, there should not be undue inflationary pressures from an injection of funds into the economy. Instead, such a development should be beneficial to economic activity and growth, despite the fact that there are supply rigidities and inefficiencies which would limit the potential benefits”.
On the purported likely impact on foreign reserves, Tinubu argued that "in an import-dependent economy such as ours, it is inevitable that an upturn in the level of economic activity would engender a fall in foreign reserves. This is not necessarily a bad thing. Rather, it would be immoral to appear to be building up high foreign reserves in the midst of grinding poverty”.
He stressed further that if the N198 billion released is matched by an equivalent US$1.8 billion, there should not be a fall in the value of the Naira as the supply of dollars would be in place to match any increased demand”.
Tinubu also said it would be unfair for the federal government to agree unilaterally to commit revenues due to other tiers of government, to an agreement with the IMF or anyone else.
Attributing inflationary pressures in the economy largely to the federal government's overspending and printing of money to finance such expenditure, Tinubu said "It is hardly fair for the FGN to overspend and then seek to correct the inflationary effect on the economy by starving other tiers of government of their rightful funds”.
Stressing that there is no basis for CBN or any authority to flout the constitution and deny states and local governments their own share of the Federation Account, Tinubu noted that "the excess crude reserve account is itself an illegality, carried over from the military era, as there is no provision in the law or the constitution for federally - collected revenues to be diverted to such an account”.
Advocating constructive dialogue on the management of the economy Governor Tinubu said "it is time for us to sit down and dialogue about how to move from where we are now, to where we need to get to, while respecting true federalism in fiscal and other matters”.
Brytawon: Barely a month after Muhammadu Buhari, became Nigeria’s President, many Nigerians are already reminding him of his campaign promises. It would be recalled that the former head of state was sworn in as the country’s President on May 29, 2015, after he defeated former president Goodluck Jonathan.
In this regards, a famous social commentator, Ike Chidolue, on Saturday, June 27, went on his Facebook page to post 81 campaign promises made by Buhari. Below are the campaign promises as posted by Chidolue: 1. Public declaration of assets and liabilities 2. State and community policing 3. Ban on all government officials from seeking medical care abroad 4. Implementation of the National Gender Policy, including 35% of appointive positions for women 5. Revival of Ajaokuta steel company 6. Generation, transmission and distribution of at least 20,000 MW of electricity within four years and increasing to 50,000 MW with a view to achieving 24/7 uninterrupted power supply within 10 years. 7. Empowerment scheme to employ 740,000 graduates across the 36 states and the Federal Capital Territory. 8. Establishment of a free-tuition and scholarship scheme for pupils who have shown exceptional aptitude in science subjects at O/Levels to study ICT-related courses. 9. 720,000 jobs by the 36 states in the federation yearly (20,000 per state). 10. Three million Jobs per year 11. To embark on vocational training, entrepreneurial and skills acquisition schemes for graduates along with the creation of a Small Business Loan Guarantee Scheme to create at least 5 million new jobs by 2019. 12. Churches and Mosques would not pay taxes under national laws, but if they engage in businesses, the businesses would pay tax. 13. Provision of allowances to the discharged but unemployed Youth Corps members for Twelve (12) months while in the skills and entrepreneurial development programme 14. Making the economy one of the fastest- growing emerging economies in the world with a real GDP growth averaging 10% annually. 15. Creation of a Social Welfare Programme of at least fivethousand naira (N5000) that will cater for the 25 million poorest and most vulnerable citizens upon the demonstration of children’s enrollment in school and evidence of immunisation to help promote family stability 16. Recruitment and training of at least 100,000 officers into the Nigerian police force and establish a Federal Anti-terrorism Agency. 17. One free meal (to include fruits) daily, for public primary school pupils 18. Building an airport in Ekiti State 19. Eradication of state of origin, replacing that with state of residence to ensure Nigerians are Nigerians first before anything else. 20. Establishment of crime squad to combat terrorism, kidnapping, armed robbery, militants, ethno-religious and communal clashes nationwide 21. Working with the National Assembly towards the immediate enactment of a Whistle Blower Act 22. Economic stability for the ECOWAS nations and maintaining a strong, close and frank relationship with West Africa, South Africa, UK, USA, Canada, and other African countries 23. Establishing a conflict resolution commission to help prevent, mitigate and resolve civil conflicts within the polity. 24. All political office holders earn only the salaries and emoluments determined and approved by the Revenue Mobilisation and Fiscal Commission (RMFAC). 25. Permanent peace in the Niger Delta and other conflict prone areas such as Plateau, Taraba, Bauchi, Borno and Abia. 26. No plans to Islamise Nigeria. 27. Nationwide sanitation plans to keep Nigeria clean 28. Preserving the independence of the Central Bank 29. Simplifying immigration process to foster faster visa processing at points of entry. 30. Special incentives to facilitate the education of the girl child 31. Full implementation of the National Identification Scheme to generate the relevant data. 32. Making Information Technology, Manufacturing, Agriculture and Entertainment key drivers of our economy 33. Balancing the economy across regions by the creation of six new Regional Economic Development Agencies (REDAs) to act as champions of sub-regional competitiveness 34. Putting in place a N300 billion regional growth fund (average of N50 billion in each geo-political region) to be managed by the REDAs. 35. Amending the Constitution and the Land Use Act to create freehold/leasehold interests in land along with matching grants for states to create a nationwide electronic land title register on a state by state basis. 36. Reviving and reactivating the minimally performing refineries to optimum capacity. 37. Creating additional middle-class of at least two million new home owners in the first year in government and one million annually thereafter. 38. Creating an additional middle class of at least four million new home owners by 2019 by enacting national mortgage single digit interest rates for purchase of owner occupier houses as well as reviewing the collateral qualification to make funding for home ownership easier, with 15 to 30 year mortgage terms. 39. Enacting a national mortgage system that will lend at single digit interest rates for purchase of owner occupier houses. 40. Injecting extra N30 billion into the Agricultural sector to create more agro-allied jobs by way of loans at nominal interest rates for capital investment on medium and commercial scale cash crops. 41. You farm, government buys, guaranteeing a minimum price for selected crops and facilitate storage of agricultural products as and when necessary. 42. Creating a national infrastructural development bank to provide loans at nominal interest rates exclusively for this sector. 43. Construction of 3,000km of superhighway including service trunks. 44. Building of up to 4,800km of modern railway lines – one third to be completed by 2019. 45. At least one functioning airport is available in each of the 36 states. 46. Ending gas flaring and ensuring sales of at least half of gas produce, within Nigeria. 47. Speedily passing the much-delayed Petroleum Industry Bill (PIB) and ensuring that local content issues are fully addressed. 48. Establishing at least six new universities of science and technology with satellite campuses in various states. 49. Establishing six centres of excellence to address the needs of special education. 50. Prioritising the reduction of the infant mortality rate by 2019 to 3%. 51. Reducing maternal mortality by more than 70%. 52. Reducing HIV/AIDs infection rate by 50% and other infectious diseases by 75%. 53. Improving life expectancy by additional 10 years on average. 54. Increasing the number of physicians from 19 per 1000 population to 50 per 1000 55. Increasing national health expenditure per person per annum to about N50,000 (from less than N10,000 currently). 56. Increasing the quality of all federal government-owned hospitals to world class standard within five years. 57. Ensuring timely payment of retirement benefits for all pensioned senior citizens and creating a poverty safety net for all aged citizens above the age of 65. 58. Amending the Constitution to require local governments to publish their meeting minutes, service performance data, and items of spending over N10 million. 59. Requiring full disclosure in media outlets, of all government contracts over N100 million prior to award and during implementation at regular interval. 60. Amending the Constitution to remove immunity from prosecution for elected officers in criminal case. 61. Initiating action to amend the Nigerian Constitution with a view to devolving powers, duties, and responsibilities to states in order to entrench true federalism and the federal spirit. 62. Reforming and strengthening the justice system for efficient administration and dispensation of justice with the creation of special courts for accelerated hearing of corruption, drug trafficking, terrorism and similar cases of national importance. 63. Establishing world-class sports academy and training institutes and ensure that Nigeria occupies a place of pride in global sports and athletics. 64. Reviving the Nigerian football league and putting incentives in place to make it as competitive as other national leagues. 65. Putting in place measures to identify talents early and ensuring their participation in local and international games to enable them become professionals. 66. Assisting Nollywood to fully develop into world class movie industry that can compete effectively with Hollywood and Bollywood in due course. 67. Ensuring that the rights of women are protected as enshrined in our Constitution. 68. Guaranteeing that women are adequately represented in government appointments and providing greater opportunities in education, job creation and economic empowerment. 69. Promoting the concept of reserving a minimum number of seats in the National Assembly for women. 70. Free maternal and children healthcare services. 71. Stabilising the naira. 72. Targeting up to 20% of our annual budget for this critical sector whilst making substantial investments in training quality teachers at all levels of the educational system (some other APC policy documents had 15%). 73. Ensuring compliance with policies and measures to halt the pollution of rivers and waterways in the Niger Delta and other parts of the country. 74. Adopting a holistic approach to erosion and shoreline protection across the country. 75. ECOWAS currency by 2020 under Nigeria’s guidance and leadership. 76. Maintaining strong, close and frank relationships within the Gulf of Guinea, the Commonwealth, South Africa and the rest of the world. 77. Establishing a new special relationship with the leading emerging markets like Brazil, Russia, India and China (BRIC) and other strategic partners around the world. 78. Government intends to commission a sociological study to determine Boko Haram’s origins, remote and immediate causes of the movement, its sponsors, the international connections to ensure that measures are taken to prevent a recurrence of the evil. 79. Strengthening INEC to reduce, if possible, eliminate electoral malpractices in Nigerian’s political life. 80. Improving operational and legal mechanisms so that disciplinary steps are taken against proven human rights violations by the Armed Forces. 81. Free education at primary, secondary and tertiary institutions for Science, Technology, Engineering and Mathematics (STEM) and Education.
msmon: If bringing the perpetrators to book is the only thing Buhari will be able to do within four years, then I'm with him. that's serious!
If no one is tried in court for this story by Oshiomole it simply means it is the usual LIE from APC to distract our attention from its non-performance & corruption.
The Lagos State Governor, Senator Bola Ahmed Tinubu, yesterday joined issues with the Federal Ministry of Finance and the Central Bank of Nigeria (CB N) over the recent face-off between the different tiers of government on the excess crude oil sales reserve account of US$ 1. 8 billion which is about N198 billion.
Expressing concern at the impression being created that the economy is rudderless, Tinubu argued that the central issue transcends the release or non-release of the fund into the Federation Account.
In his words: “The fundamental issues and principles at stake go much deeper. They are more broadly about the rule of law and the supremacy of the constitution on one hand, and the need for cooperation and coordination in a true federal structure, as a basis for sustaining and strengthening our fledgling democracy on the other hand”.
Governor Tinubu [size=14pt]disagreed with the CBN's position that release of the excess crude reserves to the states and local governments, though legitimate, [/size]would lead to inflation; cause a rundown of the nation's foreign reserves; weaken the exchange rate further and run counter to agreements reached with the IMF.
The Governor contended that "in a period of excess capacity and low purchasing power, there should not be undue inflationary pressures from an injection of funds into the economy. Instead, such a development should be beneficial to economic activity and growth, despite the fact that there are supply rigidities and inefficiencies which would limit the potential benefits”.
On the purported likely impact on foreign reserves, Tinubu argued that "in an import-dependent economy such as ours, it is inevitable that an upturn in the level of economic activity would engender a fall in foreign reserves. This is not necessarily a bad thing. Rather, it would be immoral to appear to be building up high foreign reserves in the midst of grinding poverty”.
He stressed further that if the N198 billion released is matched by an equivalent US$1.8 billion, there should not be a fall in the value of the Naira as the supply of dollars would be in place to match any increased demand”.
Tinubu also said it would be unfair for the federal government to agree unilaterally to commit revenues due to other tiers of government, to an agreement with the IMF or anyone else.
Attributing inflationary pressures in the economy largely to the federal government's overspending and printing of money to finance such expenditure, Tinubu said "It is hardly fair for the FGN to overspend and then seek to correct the inflationary effect on the economy by starving other tiers of government of their rightful funds”.
Stressing that there is no basis for CBN or any authority to flout the constitution and deny states and local governments their own share of the Federation Account, Tinubu noted that "the excess crude reserve account is itself an illegality, carried over from the military era, as there is no provision in the law or the constitution for federally - collected revenues to be diverted to such an account”.
Advocating constructive dialogue on the management of the economy Governor Tinubu said "it is time for us to sit down and dialogue about how to move from where we are now, to where we need to get to, while respecting true federalism in fiscal and other matters”.
Onegai: Sorry Team July members, I'm afraid I've checked out.
Mummy's little Rockstar was born today. She weighs 6 lbs 4. We are both doing well and my little girl had great lungs (perfect for when I take her swimming in 6 months time).
All the best to the rest of you. It will surely end in praise.
Politics › Fuel Queues Return In Abuja by anonimi(op): 12:22pm On Jul 01, 2015
