MufasaLion: Now you see. Educational sector in Nigeria is a joke. If you want the best amd quality education for your kids, enroll them in private school from elementary to tertiary.
Many of these universities in Nigeria have lots of professors that has never won grants. All they do is lecture, fail students and brag about being a sadist.
If you enroll your children in private schools and use private refuse collection services, drink water from the borehole in your compound that also has your sewage soak away tank, etc etc then why are you paying taxes and why is the government collecting taxes on your behalf from companies?
Do you expect all the taxes to be stolen and used for more luxury living of the politicians?
chisomkachy: Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.
The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.
Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.
The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.
MufasaLion: That's a good gesture but it's a shame that this is what our health sector has been reduced to. Our leaders need to do better.
#500k is more than what Professors earn in a month. Many of these nurses don't even earn up to 250k in a government hospitals. More reason nobody wants to focus on education again.
We'll keep breeding unintelllectual clout chasers like Jarvis, Peller, Papaya, etc if we don't invest in the right sectors.
How is this good gesture going to help us force the government to do right for the health sector so that nurses and other healthcare workers are paid as well as we pay politicians in public office jobs?
Don’t you see that breaking the solidarity of the striking nurses is harmful to your own goals of having well paid professionals in all sectors, to make education attractive to everyone?
richiemcgold: This kind gesture of Iyanya reminds me of the early 90s during Babangida's regime. Primary school teachers at that time went on strike when we were preparing for common entrance exam.
One of my schoolteachers organized a free lesson for us but she was seriously scolded by her colleagues. She had to change the location to her house where she taught us freely for over 1 month. I don't know where she is today but I pray that God will reward her and her children bountifully. 🙏 May God bless you Mrs Obanubi of Iloro Community Primary School.
With the benefit of hindsight, how did her gesture help your community primary school have more professional teachers who are well paid compared to politicians in public office jobs?
Would government primary school teachers be better paid today if Mrs. Olanubi and others were fully in solidarity with the striking teachers
Samtob90: Did you read before commenting? Fed govt owns 5%.
Anyway, we have verified all the go and verified and we found out they are lied
The federal government concessioned the port to investors, and the FGN will repossess it after the 45 years period.
Lekki Deep Sea Port
The FEC approval for the project was granted on 14th May 2014 vide its Conclusions referenced EC 15(14)4 and after the closure of negotiations by the Nigerian Ports Authority, a Concession Agreement dated 12th December 2018 was finally executed for 45 years on a Build, Own, Operate and Transfer (BOOT) basis
AMINDA: Aftermath of meeting with Wike. A carefully choreographed drama perfectly set up to lure in and entrap Peter Obi. Wike is really running unreal shifts with his moves.
Wike obviously knows how to push Obi’s mumu buttons like he did in 2023 when he got rid of the wannabe Anambra godfather from PDP.
Did Obi not get his tribal supporters to vote 100% in the five SE states indirectly for ebilokan as predicted by Soludo
anonimi: 2023: PDP and politics of healing Wike’s self-inflicted injury
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
Emmanueloo: Same road that Buhari spend 8 years constructing
Why did the senator not ask questions then
For me according to Buhari minister the abuja kaduna road is 98 percent completed
Why did Yorubas reinforce the failure of ebilokan’s expired northerner Buhari in 2019 instead of asking questions then about spending four years on road construction without completing it
Shimbo96: I don't know when Tinubu turn to UMAHI...
Why can't you face the MINISTER? LOLZ, we know their game...
Can you please tell us why ebilokan and his fellow saints of Oshiomhole’s Association of Past Criminals, APC failed to face the works minister and other ministers when they plotted the removal of his fellow southerner Jonathan in 2015? Did they not demonise Jonathan for the purpose of making him a one term president and then replaced him with a clueless and expired northerner Buhari?
Lifestone: Why didn't you speak to the fact that i stated and for once agree that it’s not all well with your eldorado, UK? I'm not a fan of PBAT, but I'm a very big fan of the Country called Nigeria. This country is a victim of clueless leaders from Yaradua to Buhari. Most of the current reforms were due some 15years ago.
Whether Ebilokan or Iwolokan is non of my business, but the country must be fix and it wont come cheap, it requires courageous Leadership and though calls. To you everything Nigeria is bad, I'm saying No, are we there, No, are going to be there , YES
What reforms are you talking about now? What have ebilokan’s lootocracy master plan reforms done for 20 million Lagosians in 26 years if he and other VIPs can’t use the medical facilities here instead of waiting for weeks to be treated in the UK?
It doesn’t have to be all well with the UK for everyone here to be praying and fasting for their japa visa, so they can voluntarily go and make it even better than our own country. That’s unlike the ones we forced there as slaves over a period of 400 years in exchange for alcohol, tobacco, firearms, umbrellas, mirrors etc.
Isn’t it pathetic how we insisted on continuing with the slave trade after William Wilberforce advocated for the monarchy and ordinary Britons to abolish it? Do you think that ebilokan deliberately changed his name to Tinubu instead of the surname of the woman that is supposed to be his mother?
anonimi: The often cited biography titled Madame Tinubu: Merchant and King-maker, authored by Nigerian historian Oladipo Yemitan, paints her views regarding slave trading.
On one occasion, during her final sojourn in Abeokuta, she was alleged to have sold a young boy into slavery and was accused of it. When arraigned before Ogundipe Alatise over the matter, she reportedly explained: 'I have a large house-hold and I must feed them well. I need money to do that, that's why'.
— Oladipo. Yemitan, 'Madame Tinubu: Merchant and King-maker'
Another section of Yemitan's Tinubu biography, referred to as the Amadie-Ojo Affair, captures a slave trading deal gone sour in 1853 (notably after the 1852 Treaty abolishing slavery in Lagos) wherein Tinubu tells another slave trader (Domingo Martinez) that "she would rather drown the slaves [20 in number] than sell them at a discount".
May Day: Hunger, unemployment, insecurity real— Tinubu
According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”
On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.
Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.
Putindbutt: 😂😂🤣🤣🤣 No wonder, Elrufai's son has been pressing the mú-mú button of Obi and his Obidient lately. Elrufai and his family know that Obi and his people are so desperate to become President and they don't mind eating vomit in the name of a food 😂😂
What is the difference with desperate Yorubalokan people who are feeding on daily bread palliative in the absence of promised jobs
Glimpsetv: A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.
Watch the video, share your thoughts in the comments.
Lifestone: In UK you book for over 2weeks to see Doctors. Here you walk in an expect to be attended to immediately. We need to just fix our infrastructure, roads, schools and healthcare
You should go outside your elitist bubble and realise that is not the reality for the vast majority of Nigerians who can barely feed and pay basic bills.
By the way, why does ebilokan and the cluelessly expired northerner Buhari he made president in place of southerner Jonathan, not use doctors that can attend to them immediately here instead of going to the UK for medical tourism to be returned as cargo?
thewinning101: PANDORA PAPERS: Buhari visited Tinubu in corruption-tainted London villa acquired by Oyetola
Governor Oyetola, a relative of Mr Tinubu, may have sabotaged his own country by buying the exotic property as Nigeria made to seize it. ByNicholas IbekweandTaiwo-Hassan Adebayo October 7, 2021 in Headline Stories, Pandora Papers Reading Time: 8 mins read
It was a meeting of two of Nigeria’s most influential politicians in London – President Muhammadu Buhari was visiting political kingmaker and senior member of his ruling All Progressives Congress (APC), Bola Tinubu.
In July, the presidency announced that Mr Buhari was heading to London for an education summit. The office also added that the president would also see his doctors for “medical check-up”.
Coincidentally, Mr Tinubu, who had travelled to London earlier, was also receiving treatment for an undisclosed ailment in the British capital. So, a perfect setting for both men to meet was created.
Amalekki: .... interesting but the harsh reality some of us are facing today is those random frantic donations to our classmates, church members, ex-teachers etc in Nigeria for various issues known to humanity whenever we join Alumni or classmates WhatsApp groups.
On a school group, we are currently helping a mate take care of his dad's health to avoid huge complications and he couldn't afford the cost. Similar thing happened about 10 years ago and he lost his mom that year, he has a job in Nigeria.
I have not seen that happen to a single person based abroad on any of those platforms that I belong. In fact, almost everyone abroad donates while only a tiny fraction of those in Nigeria contribute. I must also add that the very few ones that contribute in Nigeria tend to contribute real huge amount. I am not generalizing but that's the harsh reality of life from my own corner. I think we should factor in basic but glaring realities like that when we compare.
Would you say that those in Nigeria who contribute a huge amount are doing so within their legitimate income, on which they pay full taxes as diasporans do in saner climes
SoftSport: He's very correct. With tough conditions overseas and bold reforms under Tinubu sparking hope and opportunity back home, many will definitely return back before 2031
Why have Lagosians not returned home after ebilokan's eight years as governor with bold reforms that have continued with his master plan for another 18 years? Ordinary the cluelessly corrupt and incompetent roue has not provided despite trillions annual budget. What is he doing with all the money
A Lagos State lawmaker, Mr Saka Fafunmi, on Thursday expressed dissatisfaction at the performance of the state Water Corporation.
Fafunmi, a member of the Lagos State House of Assembly (LAHA), said in Ikeja that the corporation had not been able to justify statutory allocations to it.
The lawmaker, who represents Ifako-Ijaiye Constituency 1 at the assembly, spoke to the News Agency of Nigeria (NAN).
He said that the corporation had the capacity to generate much fund internally through water rates but had relied solely on government funding because of poor performance.
'' Anyone that is using water will be willing to pay for it; the corporation has not been giving us water.
"Is there any new community that Water Corporation has given water? People depend on boreholes; even government estates have industrial boreholes.
"Why do we keep pumping money into an agency that does not give us the desired results?'' he asked.
He noted that the Adiyan Waterworks was located at Ifako-Ijaiye, where many of the residents had resorted to digging boreholes as a means of getting water.
''A lot of people are falling sick because they don't drink clean water.
''In the same compound, where you have sewage, is where you have a borehole.
''There is no way you can manage the sewage that it will not leak and pollute the water; everyone drinking such is drinking contaminated water,'' he said.
The lawmaker urged the corporation to increase water reticulation and supply to residents.
Unless we have other strong competitors in the sector, Dangote will run us "shege"as he did to us with cement.
There are strong competitors in the sector since 2015 from Warri and PH refineries. Please note and remember this always.
Princecalm: The Nigerian National Petroleum Corporation has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month rehabilitation exercise conducted by its in-house engineers and technicians.
The corporation, in a statement, noted that both plants commenced preliminary production of petroleum products after successful test-runs, adding that while PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day capacity, WRPC production was projected to hit 80 per cent of its installed 125,000bpd capacity.
The NNPC said the Port Harcourt refinery was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day, while Warri refinery would contribute 3.5 million litres of petrol.
Providing insight into the rehabilitation exercise, the NNPC noted that it had to adopt the phased rehabilitation strategy after the Original Refinery Builders, who were initially contacted for the project came up with unfavorable terms.
It said, “Though a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries, we were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms.”
The NNPC stated that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.
It added that the proxies were also unwilling to provide post rehabilitation performance guarantees.
The corporation said, “The phased rehabilitation strategy which entailed phased and simultaneous rehabilitation of all the refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law, also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.”
The national oil firm said the phased rehabilitation programme, which started in October 2014 after the required funding stream was established, created a 70 per cent reduction in costs which helped largely in mitigating the financing challenges of refinery rehabilitation.
It observed that with the successful re-streaming of the PHRC and WRPC, attention has now moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company which was billed to come on stream soon.
P/H, Warri Refineries Begin Daily Production of 8.5 Million Litres of Petrol
July 29, 2015
The Nigerian National Petroleum Corporation (NNPC), says Port Harcourt and Warri refineries have commenced preliminary production of petroleum products after successful test-runs.
This is contained in a statement by the Group General Manager, Group Public Affairs Division of NNPC, Ohi Alegbe, in Abuja on Wednesday.
The statement explained that this followed successful re-streaming after a nine-month phased rehabilitation by in-house engineers and technicians.
It stated that PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day name plate capacity.
According to the statement, WRPC production is projected to hit 80 per cent of its installed 125,000 bpd capacity.
It stated that the PHRC was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day.
It added that Warri Refinery would contribute 3.5 million litres of petrol to local refining capacity.
The statement explained that NNPC adopted the phased rehabilitation after the Original Refinery Builders (ORB), who were initially contacted for the project, came up with unfavorable terms.
He explained that a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries.
“We were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms’’, Alegbe stated.
It stressed that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.
It explained that the proxies were also unwilling to provide post rehabilitation performance guarantees.
“The phased rehabilitation strategy entailed phased and simultaneous rehabilitation of all refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law.
“It also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.’’
It stated that the phased rehabilitation, which started in October 2014 after the required funding stream was established, created a 70-per cent reduction in costs.
It said this had helped largely in mitigating the financing challenge of refinery rehabilitation.
It stated that with the successful re-streaming of the PHRC and WRPC, attention had moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company (KRPC).
According to the statement, the KRPC is billed to come on stream soon. (NAN)
The Nigerian National Petroleum Corporation has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month rehabilitation exercise conducted by its in-house engineers and technicians.
The corporation, in a statement, noted that both plants commenced preliminary production of petroleum products after successful test-runs, adding that while PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day capacity, WRPC production was projected to hit 80 per cent of its installed 125,000bpd capacity.
The NNPC said the Port Harcourt refinery was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day, while Warri refinery would contribute 3.5 million litres of petrol.
Providing insight into the rehabilitation exercise, the NNPC noted that it had to adopt the phased rehabilitation strategy after the Original Refinery Builders, who were initially contacted for the project came up with unfavorable terms.
It said, “Though a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries, we were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms.”
The NNPC stated that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.
It added that the proxies were also unwilling to provide post rehabilitation performance guarantees.
The corporation said, “The phased rehabilitation strategy which entailed phased and simultaneous rehabilitation of all the refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law, also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.”
The national oil firm said the phased rehabilitation programme, which started in October 2014 after the required funding stream was established, created a 70 per cent reduction in costs which helped largely in mitigating the financing challenges of refinery rehabilitation.
It observed that with the successful re-streaming of the PHRC and WRPC, attention has now moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company which was billed to come on stream soon.
saintopus: Dec 06, 2024 The PH Refinery ships its first export of petroleum products to Dubai.
The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and the exportation of petroleum products.
The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres.
Although the volume coming from the NNPC into the global market is still small, the development has the potential to impact the Very Low Sulphur Fuel Oil (VLSFO) benchmarks in the future while changing the market realities for Atlantic Basin exporters into Nigeria and other regions.
The sulfur content of the export by NNPC stands at 0.26 per cent per wt and a 0.918 g/ml density at 15°C, according to Kpler, a data and analysis company.
The cargo was reportedly sold at an $8.50/t discount to the NWE 0.5 per cent benchmark on a Free on Board (FOB) basis.
Kpler reported that the development would help displace imports from traditional suppliers in Africa and Europe, as Nigeria’s falling clean product (CPP) imports are already decreasing, dragging imports into the wider West Africa region lower as well.
Tinubu should return our subsidy. It's obvious he doesn't know what to do with the subsidy fund
Ebilokan surely knows what to do with the $84 billion subsidy savings. Apart from stealing to bribe politicians for his reelection, he is getting more luxury for himself to junket the world.
chisomkachy: Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.
The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.
Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.
The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.
By the time that ebilokan and APC leave office, what will be left of the prosperity that PDP handed over to them 10 years ago
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
SatoshiX: You lots will learn that Nigeria does not belongs to the North alone. Do you know how many billions of naira that the FG have spent fighting the boko haram and banditry?
If you want more developments talk to your people to end the religious induced insecurity in your region.
Why are you telling lies because ebilokan’s expired northerner is dead? The strongman, former military dictator who was used to end southerner Jonathan’s presidency in one term.
Boko Haram, banditry and insecurity were resolved as promised by General Muhammadu Buhari.
Firefire: I am really worried about the increasing death toll...
Buhari said: “If you elect me as the President of Nigeria on February 14 (now March 28), I am assuring you that our government will chase Boko Haram out of Nigeria within two months because it is the responsibility of any reasonable government to secure the lives and property of its citizens.”
Kyari looting will be child's play compared to the ruinous stealing of this new chap who flew private jets to Kigali for a retreat before he even sat down in his office
GlobalWay: Mention the Name of the Person that Advised the then Government to Privatize and then ensured he was made Head of the Privatization during which he cornered almost all Nigeria's Properties unto himself and his cronies.
That's why the then President later said that man; that was his own Deputy then, has wickedly immeasurable stolen the Future of Nigeria. Same stolen Wealth is what he has been using to try to become Nigeria's President.
Why did the then president fail to prosecute his deputy during his second term if there wan any truth in his afterthought allegations?
Do you think it has anything to do with bitterness over the then president's aborted third term agenda
Samtob90: Where o. Earth did you hear Lekki deap seaport is constructed by federal government?
It is owned by the FG through the NPA with funding largely by a private company to which it is concessioned for 45 years, after which it will revert to the FGN.
[quote author=Lanrelagboi post=120303794]Lekki Port LFTZ Enterprise Limited (LPLEL) is the Special Purpose Vehicle which was awarded the concession for the development and operations of Lekki Deep Sea Port by the Nigerian Ports Authority. LPLEL is required to develop, build and operate a standard user multipurpose port under a concession and has sub-concessioned the container terminal operations to Lekki Freeport Terminal, a subsidiary of CMA-CGM.
LPLEL is a joint venture enterprise owned by a group of investors led by the Lekki Port Investment Holdings Inc. (comprising China Harbour Engineering Company Ltd and Tolaram), the Lagos State Government and the Federal Government of Nigeria through the Nigerian Ports Authority.
LPLEL is incorporated under the Companies & Allied Matters Act and licensed by the Nigerian Export Processing Zones Authority to operate in the Lagos Free Zone. This opens a host of benefits for Lekki Port regarding taxes, duties and other incentives.
The shareholding structure of the Port is as follows: The Lekki Port Investment Holding Inc. (international consortium) owns 75% (China Harbour Engineering Company Ltd 52.50%, Tolaram 22.5%), the Lagos State Government owns 20% while Nigerian Ports Authority owns 5%.
Streetinvestor2: Go to court will never happen again in 2027. The coalition with obi in it will never allow it.
The only go to court will be for those that don't want seyi as the next governor of lagos. Seyi poster for lagos governor will soon be lunched
Why do you think another Wike will not succeed in dividing the opposition vote by getting Obi out of the coalition like in 2023
anonimi: 2023: PDP and politics of healing Wike’s self-inflicted injury
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
amaridigital: Yes na Lagos lokan because the same lagos is bankrolling your poor states dolling out her VAT income to unviable states. When Lagos dey work and your state dey chop lagos VAT money you no remember lagos lokan but when it comes to federal Government investment in Lagos you remember lagos lokan.
Let lagos keep all her VAT generation and reduce investment now. Na Zamfara lokan. Can any state from the North share such some of money to other states and you guys would keep quite? Murtala Airport is still the busiest in Nigeria and it doesn't befit the giant of Africa again. Can borno Airport generate equal traffic like lagos? If you think you want to be clever by half remember that even yorubas are tired of this unholy union of very weird fellas. It doesn't benefit yorubas at all.
Apart from VAT, do you know how much the Ports are generating for the FG? People are keeping quiet and you also want to rub it on our face.
The airport and seaports that were built by the FG as part of the dividends of Lagos being the capital of the country from amalgamation in 1914 until 1991?
Do you know how the VAT of telecom companies and others are domiciled in Lagos?
benardtotti: During his presidency, Muhammadu Buhari's administration undertook and commissioned several projects in his home state of Katsina. These projects often involved partnerships between the federal government and the state government under Governor Aminu Masari. . . Guess what? Not a single northerner complained when buhari did all these for katsina and the north .
Is that why Yorubas voted to reinforce the lopsidedness in 2019, for ebilokn to earn his own turn in 2023 using Obi to divide PDP votes with 100% indirect votes for him in the five SE states?
Moreover, why did southern senators and representatives block the allocations to these projects in the budget? Is that the fault of Buhari and northerners as well?
mmsen: Because the amount that you'll end up paying will balloon while quality of service may get worse.
Is this what happened when PDP capitalists deregulated the telecom sector more than two decades ago?
Has Dangote refinery been ballooning costs relative to the PH and Warri refineries that have been operating since 2015?
Is this what happened when PDP capitalists privatised the petrochemicals division of NNPC in 2006?
anonimi: How Indorama sustains manufacturers, boosts Nigeria’s FX earnings
Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.
The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.
Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.
The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.
The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.
How Indorama sustains manufacturers, boosts Nigeria’s FX earnings
Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.
The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.
Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.
The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.
The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.
Ebibedike1: Now the federal government is trying to fix the airport and wailers are busy doing what they know how to do best.
As a leader in Nigeria I will advise you just close your ears and eyes and follow your mind by doing what you think is right. If you listen to some born wailers in the name of being democratic, you will achieve nothing and they will still moan about it
You are so right about how ebilokan has been tone deaf for the two years since he hit the ground running to presumably fix the problems created by the expired northerner he used to make his fellow southerner Jonathan a one term president.
chisomkachy: Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.
The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.
Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.
The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.
SmartPolician: I saw these pictures on Sowore's Facebook page.
That guy wants to give these looters a reason to budget trillions of naira for MMA rehabilitation. I fear who no fear Tinubu goons.
The looters who are hailed as our tribal and personal leaders don’t need any help from Sowore’s pictures to loot our commonwealth.
How much help has he given ebilokan to steal the $84 billion subsidy savings that has made petrol so expensive and subsequently destroyed our economy with hyperinflation?
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
Health › Re: Iyanya Pledges N500K To Nurse Mocked By Colleagues For Coming To Work Despite St by anonimi: 2:28am On Aug 03, 2025
