₦airaland Forum

immortalcrown:
The governors, if actually given the money, will keep it for 2027 election campaign.

President Bola Ahmed Tinubu has been advised to end the 14-year-old logjam between the federal government and Sunrise Power and Transmission Company as part of his concerted efforts to overhaul and revamp electricity supply across the country.

In April 2003, the federal government awarded a contract for the construction of a 3,960 MW Hydro-Electric Power Plant in Mambilla, Taraba State, to Sunrise Power Transmission Company, a local content partner in consortium with North China Power Group on a 30 – 490 years build, operate and transfer (BOT) basis.

On May 28, 2007, the presidency unilaterally awarded a substantial part of the BOT contract to CGGC/CGC (a foreign consortium) without due process, Sunrise Power to institute Suit No.: FHC/ABJ/CS/384/2007 at the Federal High Court, Abuja, in June 2007, claiming US$960 million in damages against the FGN.

Again, the Ministry of Power under Babatunde Fashola in November 2017, signed a fresh Engineering, Procurement and Construction (EPC) joint venture contract with Sinohydro Corporation of China and CGCOC, but excluded the local partner, Sunrise Power and Transmission Company Limited (SPTCL). These developments attracted lawsuits by Sunrise.

Aside from the stagnation of the project, Nigeria risks losing billions of US dollars.

Legal Luminaries like Femi Falana, Afe Babalola, and Wole Olanipekun – all Senior Advocates of Nigeria (SAN) – had written to the federal government, seeking an amicable settlement of the dispute to enable the 40-year-old project kick-off.

For instance, Chief Olanipekun, in a letter written to the Attorney-General of the Federation and Minister of Justice, Chief Lateef Fagbemi, urged the minister to carry out a thorough investigation on the matter to take the needed steps, including, but not limited to, the total and global resolution of the matter.

In the letter dated December 7, 2023, the legal luminary urged the federal government to seek an amicable settlement of the matter and negotiate with the firm to resolve the protracted litigation and potential national embarrassment.

The legal luminaries, after apprising the new justice minister with the background of the case, said with documentary evidence and correspondences from FG to Sunrise all submitted to the arbitration court in Paris, it is almost impossible for the government to win against Sunrise.

President of China XI Jinping had sent a delegation to former President Muhammadu Buhari, urging him to settle all disputes – which regrettably failed due to the actions of some interested bureaucrats.

After the federal government signed a settlement agreement, President Buhari and the AGF wrote Sunrise Power to sheathe its sword, saying the COVID-19 pandemic deprived the government of needed resources to settle the agreement at that time.

The legal luminary advised Mr Tinubu to disregard all politicking and deal with the dispute once land for all, saying it was not fair that the case had stagnated the commencement and execution of the Mambilla project for many years despite the debilitating power problem across the country.

The Federal Government has finalised plans to release additional 60,000 metric tonnes of grains to make food available and stabilise the price of foodstuffs across the country.

The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, announced this at the Public Wealth Management Conference organised by the Ministry of Finance and the Ministry of Finance Incorporated (MoFI) yesterday in Abuja.

Edun said President Bola Tinubu remained committed to supporting the less privileged in the challenging times.

The minister stressed that the President had “previously released strategic grain reserves and is currently releasing 42,000 metric tonnes of food grains, with plans for an additional 60,000 tonnes”.

[/b]The measures, he explained, were aimed at ensuring food availability and price stability, with the expectation that prices would eventually reduce.

Edun assured Nigerians that the government plan was meant to ensure that food reaches the market and people’s tables by any legal means necessary.

[b]He said: “President Tinubu has always said he will not leave the poor, the vulnerable, the weaker in society at times like this. He has previously released strategic grain reserves; he’s currently releasing 42,000 metric tonnes of food grains, and he has a plan of releasing another 60,000 tonnes of food grains.

“This is in addition to measures to make sure that whatever is in the stores come out at this important time. We expect food prices to stabilise and begin to fall in a reasonable period of time. In the meantime, everything that can be done to put food in the market, on the tables of people, will be done, no matter what it takes.”


The minister hinted of the implementation of an Executive Order that would enable the Ministry of Finance, through the Debt Management Office (DMO), to offer government-backed securities.

This initiative, he said, would restore confidence in the naira and provide Nigerians, within and outside the country, the option to save in dollars.

By offering dollar-denominated securities, individuals can preserve their savings in the global currency while demonstrating their commitment to Nigeria, Edun said.

The Chairman of the MoFI Board, Dr. Shamsudeen Usman, said the outfit would take a more active role in managing its assets henceforth.

He urged asset operators to view MoFI as partners, not competitors or regulators.

Usman also assured of MoFI’s commitment to high standards of corporate governance, including a policy to prevent conflicts of interest among workers.

MoFI’s Chief Executive Officer, Dr. Armstrong Takang, outlined the outfit’s renewed mandate, focusing on expectations from the public and private sectors.

He announced the launch of a N100 billion Project Preparation Fund to improve the professionalism in managing public assets.

michlins:
so either paid or IPTV right?

EreluRoz:
Good one , if not for spiritual attack the asiwaju I know is excellent with governance.

Something is definitely wrong somewhere

Osiris12:
audio investment

You having sense is like making 1naira= I dollar
It’s can never be possible

123yes:
Bad. But 9 Mobil is even worst. For 7 days now my 9 Mobil has no network

The Corporate Affairs Commission (CAC) in Abuja unveiled the registration of two million businesses as part of efforts to curb rising unemployment and achieve the 50 million job creation target for Nigerian youths.

The Registrar-General and CEO of the CAC, Hussaini Ishaq Magaji SAN, at a ground-breaking ceremony in Abuja, said the registration was part of efforts to simplify the burden for young Nigerians who want to contribute meaningfully to the Nigerian economy.

“The registration of the new business was part of the CAC’s contribution to the realisation of the present administration’s economic revival plan in collaboration with moniepoint to develop the MSMEs sector, in line with the current administration target of 50 million jobs,” he said.

He said the president has youth employment as priority and the first step is to ensure that those willing to engage in different ventures donot encounter hurdles because when they start their enterprises, they will also be employers of labour.

Medical experts in the country have warned hypertensive patients against participating in activities that cause excitement or put much pressure on the heart.

Speaking on the possibilities of what could have happened to those who died while watching the football match between Nigeria and South Africa on Wednesday, consultant cardiologist, federal medical centre, Jabi, Dr. Salau Ibrahim, said the sudden collapse could be as a result of stroke, sudden heart attack or stress induced heart problem.

The cardiologist told LEADERSHIP that age matters a lot and for people who are older and have other problems like heart issues or the kidney, they need to be very careful about things that stress the organs, especially the heart.

He cautioned against anxiety or stress, explaining that anxiety is a form of emotional stress.”

Dr. Salau said the major causes of such sudden deaths are stroke or heart attack.

“Like the two incidents that happened on Wednesday, it could be that they had heart attack or abnormal heart reading. it’s possible they are hypertensive, diabetic and have not been checking themselves.

“So, it’s either they had heart attack or they had cardiac arrhythmia, which can predispose someone to having cardiac arrest. Everything still falls under cardiac arrest.

“Those are the major things. Regular check and lifestyle modification is very important. If you have any background comorbidity like hypertension or diabetes, ensure you take your medications regularly,” he advised.

Dr. Salau said “You can watch football even if you are hypertensive but you need to be sure that your blood pressure is well regulated, and taking your medication adequately.

“Being hypertensive is not a contradiction to watching football but you need to know the status of your heart before you watch that kind of very intense game.

“Avoid watching football among the crowd that can put pressure on you,” he advised.

Also, a consultant cardiologist at the Lagos State University Teaching Hospital (LASUTH), Dr Ramon Moronkola has linked the possible causes of deaths during the football match to stroke as a result of cardiac arrest and heart or brain issue.

Moronkola told LEADERSHIP that when there is emotional surge, which is a sudden increase of an emotion, many things could go wrong.

“Your adrenaline is pumping and your blood pressure could go up immediately. For someone that has underlying cardiovascular disease that is not well managed, that person could suffer from a sudden cardiac arrest, which could lead to death.

“For example, if the person has myocardial ischemic heart disease, which occurs when blood flow to your heart is reduced, preventing the heart muscle from receiving enough oxygen, that emotional surge could make that person develop heart attack which could lead to sudden death,” he explained

The physician also identified another possibility as having heart failure that is not properly managed, adding that when such a person is experiencing emotional surge due to the match, that could lead to sudden death as well.

He said emotional surge can also lead to abnormal heart beat, which can also lead to sudden death.

In essence, for those with underlying diseases like hypertension, diabetes, high cholesterol around the heart area, cardiac arrest is inevitable due to emotional surge as a result of the match, he affirmed.

He said there is another set of people who may not have had heart disease prior to the match, but they have genetic predisposition that made their heart go into abnormal heart beating due to emotional surge, which could lead to death.

The cardiologist, therefore, urged Nigerians to have regular heart check.

“Please go for regular heart check, Moronkola stated, adding that, “Do not wait until you have symptoms or until a problem arises before you go to the hospital. It might be too late, as with the case of Wednesday. If you are diagnosed with any heart condition, please treat it well.

For those who already know their heart status, the cardiologist advised them to control their emotion properly. “If watching the match can make you experience emotional surge, then don’t watch,” he appealed to Nigerians.

Speaking further, he said this is also a wake-up call for the government to ensure that the country’s emergency response system is well developed, the cardiologist stated, adding that, “This involved training everybody on how to do basic resuscitation.

“Government should ensure that places like airport, supermarket and churches etc, where people are gathered should have a Automated External Defibrillator (AED), which is used to help those experiencing sudden cardiac arrest. It’s a sophisticated, yet easy-to-use, medical device that can analyze the heart’s rhythm and, if necessary, deliver an electrical shock, or defibrillation, to help the heart re-establish an effective rhythm.”

In the same vein, consultant family physician at the University of Abuja Teaching Hospital, Gwagwalada, Dr. Chira Obiora, told LEADERSHIP that people can watch football but they should first of all know their health challenges.

Dr Obiora said if your health challenges get stimulated, watching football will release adrenaline which can cause problem especially if you have a cardiovascular problem.

“It can trigger a heart problem and the person can have heart attack and die. It can even trigger stroke in some people especially if they are not controlling their blood pressure very well. That is why excitement can kill somebody.

“Excitement whether positive or negative, there are hormones that are released. That hormone is known as adrenaline, that is the hormone released when one is excited. It also releases it in anxiety, so what happens is that this hormone, one of the functions is that it can narrow blood vessels and make the blood pressure to increase a bit.

“So if one is having a pressure problem, it can trigger it or if the pressure is not good enough, it can even burst because if it is narrower, the pressure in the vessels will increase, so that is how it stringers heart attack. Even the narrowness of blood vessels can cause different forms of cardiovascular phenomenon to arise; from heart attack to stroke to even the clot in the blood vessel which can even detach and go and block somewhere, it can cause pulmonary embolism or any other thing,” he explained.

The family physician advised that the general thing is for people to go for general medical checks especially as it relates to age and family history. “That is the basic thing,” he said, while stating that someone who is hypertensive can watch football if the person is doing the right thing; controlling his or her blood pressure, doing medical checkup and trying as much as possible to have positive outflow so that the person will not be tensed unnecessary.