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Politics / NNPC Must Sell Petrol Above Landing Cost To Combat Smuggling —Heineken Lokpobiri by ogododo: 11:34am On Aug 31
Senator Heineken Lokpobiri, the Minister of State for Petroleum (Oil), has observed that the Nigerian National Petroleum Corporation (NNPC) Limited need to sell imported fuel above landing cost to combat smuggling.

The minister made this statement at the 2024 Energy and Labour summit in Abuja, where he also pointed fingers at security agencies for their complicity in aid of smuggling activities.

He mentioned that smugglers will continue to thrive as long as NNPC imports fuel and sells it below the landing cost.

“If NNPC imports PMS and sells to marketers at perhaps N600 or below, there’s no way that smuggling can stop.

When smugglers are taking the products outside the country, even if you put all the policemen on the road, they are Nigerians; you and I know the answer (response),” he said.

Furthermore, Lokpobiri acknowledged that fuel smuggling from Nigeria to neighboring countries is a persistent issue that cannot be fully eliminated.

He also explained that the NNPC lacks the financial resources needed to rebuild the nation’s aging pipelines, which have been a significant factor in economic sabotage through vandalism and crude oil theft, draining vital oil revenue.

He mentioned that “the old, corroded pipelines, some of which date back to the 1960s and 1970s, are easily vandalized,” thus facilitating the illegal transport of fuel.

“The reason why pipeline vandalism is very easy to do is because the pipelines have all expired; they are completely corroded. So, anybody can just go and tap it, and the thing is busted.

“The challenge lies in transporting it to terminals due to the deteriorated state of the pipelines.”

In addition, Lokpobiri called for a public-private partnership to address the infrastructure issues.

“That is why we have to go for the global model – PPP. We have to get the private sector to come in.”

What you should know

Nigeria has struggled to meet its oil production targets in the first five months of the year.

The country aimed to produce 1.78 million barrels of crude oil per day, but the Organization of Petroleum Exporting Countries and its allies (OPEC+) set a lower production quota of 1.5 million barrels per day in December, which was 288,000 barrels below the budget target.

In January, OPEC figures revealed that Nigeria’s average crude oil production was 1.42 million barrels per day, falling short of both the OPEC quota and the budget target.

This figure dropped to 1.32 million barrels per day in February and further declined to 1.23 million barrels per day, according to direct communication figures from OPEC.

Throughout the first quarter of the year, Nigeria, much like in 2023, failed to meet the OPEC+ production quota and the 2024 budget production target. The average production barely reached 1.4 million barrels per day.

https://nairametrics.com/2024/08/31/nnpc-must-sell-petrol-above-landing-cost-to-combat-smuggling-oil-minister

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Politics / Fuel Sells For N2000 Per Litre In Ogun State Border Communities As Residents Cry by ogododo: 9:14am On Aug 31
Amid issues around availability of petroleum, residents of border communities between Nigeria and Benin Republic in Ogun State have lamented the cost of buying petroleum.

It was gathered that in the areas, petroleum has reached up to N2000 per litre.

This may not be unconnected to the fact that only four petroleum stations are said to be licensed by the federal government in the area, they are; Lafems Oil, Mobil Fuelling Station, Oppresso Oil and Gas; and Somolab Fuelling Station are authorised by the Nigerian government to sell petrol.

Some of the areas affected are; Idiroko, Ijofin, Agosasa, Ipokia, Iwoye Ketu, Tube, Oniro, Araromi ofo, Ilate, Ohunbo, Agada, Maahun and Tungeji, across Ipokia and Imeko Afon Local Government Areas.

The fueling stations licensed by the federal government sell fuel between N1,200 and N1,300 per litre, while black marketers sell N2,000 per litre, according to PUNCH.

Smugglers have also been blamed for the increase in the cost of petroleum in the area.

It would be recalled that in 2019, former President Muhammadu Buhari banned the supply of petroleum products to petrol stations within 20km of the country’s border due to diversion of fuel to Neighbour if countries.

Although the Buhari government later granted some filling station waivers to sell fuel in the border communities, the number is however insignificant to the population of the areas.

Also speaking, the Chairman of Ipokia Local Government Youth Forum, Imoleayo Mawutin, lamented that four petrol stations were grossly inadequate to serve a population of over 350,000 people.

He called on the government to lift the ban on the sale of petrol and allow other filling stations sell fuel.

Every week, we have a total supply of 180,000 litres of PMS in our local government but it is all going down the drain to the Benin Republic, PMS racketeers and black marketers.

“Our people now have to go as far as over 30km to Owode township, in another local government to buy PMS which customs will still have to harass and treat them badly while they confiscate the products meant for domestic consumption.

“These inhumane acts had forced most of our hospitals, Small and Medium Enterprises and farmers out of operations and the few left with no other option have to result to buying of PMS from black marketers and hoarders at an unreasonable price ranging from 1,500 to 2,000 Naira per litre”, Mawutin said.

https://saharareporters.com/2024/08/31/fuel-sells-n2000-litre-ogun-state-border-communities-residents-lament

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Politics / Cement Sellers Frustrated BUA From Selling At N3500 Per Bag – Rabiu by ogododo: 7:52am On Aug 30
AbdulSamad Rabiu, the Chairman of BUA Cement, has said the intention of his company to sell cement at N3,500 in 2023 was frustrated by the actions of cement dealers.

Rabiu said BUA sold over a million tons of cement to dealers at N3,500 per bag, intending for these to be transferred to the end-users.

Speaking in Abuja, Rabiu noted that the dealers were selling each bag of cement to consumers for prices ranging from N7,000 to N8,000.

He mentioned that the company needed to discontinue the policy since its involvement was not intended to support dealers financially.

He mentioned that BUA Cement was unable to regulate the dealers who, he claimed, were earning substantial profits due to the high margins, as the company lacked influence over pricing in the open market.

He said, “So, a lot of the dealers took advantage of that policy. Rather than pass the low prices to the customers, they were selling at even double the price we sold to them.

Some were selling at N7, 000 and 8 000 per bag. They made a lot of money with a very high margin. I think we had sold more than a million tons at N3,500 before we realised what the dealers were doing.

“And then, because of the issues that Nigeria faced at the time about devaluation of the Naira last year and the removal of fuel subsidy, we could not continue that policy.

We wanted that price to stay at that level but dealers refused. So, we could not sustain that simply because we did not want to be in a situation where we are subsidizing dealers.

“I’m referring to the point when the foreign exchange rate moved from about N600 to maybe N1,800 to the US Dollar. So, it became even more challenging and more difficult for us to actually sustain that price policy.”

Tinubu most demonized Nigerian, my house better than his Bourdillion – Shettima
Vice President Kashim Shettima has described President Bola Tinubu as the most demonised politician in Nigeria. Shettima disclosed that his house.

https://dailypost.ng/2024/08/30/cement-sellers-frustrated-bua-from-selling-at-n3500-per-bag-rabiu/

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European Football (EPL, UEFA, La Liga) / Manchester United Vs Liverpool (0 - 3) On 1st September 2024 by ogododo: 11:27pm On Aug 29
Major boost for Man United: Hojlund steps up recovery ahead of Liverpool game
Rasmus Hojlund has started individual training on the grass, as the Denmark international steps up his recovery from the hamstring injury that he suffered during Manchester United's preparations for the new campaign.

In his first appearance of the summer, Hojlund found the back of the net against Arsenal, but he was forced off the field during the same match due to a muscular complaint.

Initially, it had been thought that the Dane would be able to recover from the issue in time for the start of the Premier League campaign, but it was ultimately concluded that he would be missing until the middle of September.

Hojlund will again be absent for Sunday's Premier League clash against Liverpool, but the fact that the 21-year-old is back on the grass suggests that he could return for the team's first game after the international break against Southampton.
Romance / Re: My Fiancée's Family Is Insisting On Court Wedding by ogododo: 12:16pm On Aug 29
LilNetty:
Please I need your candid advice.

My wedding is coming up in some months and I need your advice. My fiancé and her family are insisting on court wedding which I don’t want to object to. I should have moved on but she pregnant. What can I do?
As dem no trust you, sey you be guy man.

1 Like

Politics / Re: I Can’t Be Deported,’ Canadian-nigerian Woman Threatening Yoruba, Benin People by ogododo: 12:15pm On Aug 29
Nlfpmod, nawa oo.
Politics / I Can’t Be Deported,’ Canadian-nigerian Woman Threatening Yoruba, Benin People by ogododo: 11:22am On Aug 29
Canada-based Nigerian woman, Amaka Patience Sunnberger, has dismissed the possibility of arrest or deportation after the Nigerian House of Representatives urged the Canadian government to prosecute her for inciting violence and genocide against Yoruba and Benin people.

In a viral video clip that started trending on social media on Thursday, Sunnberger cited her Canadian citizenship as protection, stating that Canada’s legal system is unlike Nigeria’s, where arrests can be made without questioning.

She said, “Somebody just send me message, say them arrest me, say them wan deport me, with passport? I be Canada pikin.

“See am now, I dey house, why I go dey lie?


This comes after a video clip surfaced on Tuesday, showing her making threatening comments against Yoruba and Benin people during a virtual meeting on TikTok.

The woman, claiming to be a resident of Ontario, Canada, vowed to harm Yoruba or Benin individuals she encounters, sparking outrage and prompting the House of Representatives to request her prosecution.

The House of Representatives has written to the Canadian government, urging it to investigate and prosecute Sunnberger for her inciting comments, which it said violate international and Canadian laws.

https://punchng.com/i-cant-be-deported-canadian-nigerian-woman-threatening-yoruba-benin-people-with-poison-boasts/

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Business / Naira Down To N1,620 In Parallel Market by ogododo: 7:48am On Aug 29
The Naira yesterday depreciated to N1,620 per dollar in the parallel market from N1,615 per dollar on Tuesday.

Similarly, the Naira yesterday depreciated to N1,606.56 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,606.59 per dollar from N1,594.27 per dollar on Tuesday, indicating N12.32 depreciation for the naira. The volume of dollars traded (turnover) in NAFEM rose by 2.5 percent to $160.94 million from $156.94 million traded on Tuesday.


Consequently, the margin between the parallel market and NAFEM rate narrowed to N13.41 per dollar from N20.73 per dollar on Tuesday.


https://www.vanguardngr.com/2024/08/naira-down-to-n1620-in-parallel-market/
Politics / Fearless In October Protests - Punch Editorial by ogododo: 7:39am On Aug 29
NIGERIA is on the brink of another protest. Barely three weeks after the economically damaging #EndBadGovernance demonstrations, another round of protest looms in October. For a country that has yet to recover from the experience of the previous one, holding another protest three months after could be a dangerous turning point.

Codenamed #FearlessInOctober protests, the demonstration, according to the Director of Mobilisation of Take It Back Movement, Damilare Adenola, will maintain the same charter of demands but amend it “as the country decays more.”

The August 1-10 protests were staged to denounce the ongoing pervasive hardship in the land. Nigerians were appreciative of the protest staged in their interest on the first day but were taken aback when it degenerated into the looting of shops, vandalising property, torching of assets, and killings by the security agents in the subsequent days. Over 30 people lost their lives, and police arrested over 1,000 rioters.

Indeed, the protesters have made their point. The organisers could observe an interlude to await the government’s response before embarking on fresh protests.

Acute hunger and hardship are at the heart of the protests. The government must urgently do something about the naira depreciation, incoherent monetary policies, and food and energy prices that impoverish Nigerians. In 2022, the NBS said 133 million people are multidimensionally poor. The World Bank added seven million to that in 2023 because of the removal of the petrol subsidy and the merger of the naira exchange rates.

However, demonstrators should act differently to press their demands. Protests should be peaceful and devoid of violence and looting. At those times, the government must demand the highest level of professionalism from the security operatives.

The protests were more pronounced in the North, with the region recording a high number of underage protesters waving Russian flags, looting shops, and vandalising properties.

In Kano, the protesters looted the Nigerian Communications Commission Digital Innovation Centre and carted away chairs, hardware, and equipment from the park.

About 65 per cent of the poor (86 million people) live in the region and over 50 per cent of the 20.2 million children aged five-14 years out of school in Nigeria reside there. Northern governors must shut the floodgate by designing programmes that could urgently address the socio-economic challenges.

At these harsh times, the government must not only be churning out programmes to assuage the feelings and take care of the people’s needs but should also be seen as doing so. Between now and October, the government has enough time to render the proposed protest unnecessary.

Therefore, the government must improve its arrogant communication campaign that aggravated the problem it was intended to solve. Its media and communication interventions should move away from its combative and reactive stance and be strategic, proactive, results-oriented, and empathic. It was a poor communication strategy to keep blaming the opposition in a hunger protest whose solution looked distant and hopeless.

The government’s communication strategies need to address the fault lines. Communication messages should be out before sponsors take the lead. Government must be proactive by assuaging people’s feelings and accelerating attempts to improve people’s lives. Massive sensitisation programmes should be targeted at the underage and the illiterate.

The Bola Tinubu administration should address the excessive cost of governance, which is one of the protesters’ points. Instead of working on this, Tinubu recently unveiled a presidential jet and expensive SUVs, giving ammunition to the agitators.

The three tiers of government must find a way to promptly address the planned protests by meeting the hunger and hardship demands.

In subsequent protests, the government should change its shambolic security strategy.

https://punchng.com/fearless-in-october-protests/

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Politics / 21 States Seek N1.65trn Loans Despite 40% Rise In FAAC Revenues by ogododo: 10:04am On Aug 27
Twenty one states of the federation are seeking loans amounting to N1.65 trillion to fund their 2024 budget deficits despite the increase in the allocations they have received from the Federation Account Allocation Committee (FAAC) in the last one year.

From June 2023 to June this year, all the 36 states and the 774 local governments received a total of N7.6 trillion from FAAC. This increase in revenue is largely due to the removal of petrol subsidy by the federal government on May 29, 2023.

Findings by Daily Trust show that the 36 states are projected to receive N5.54 trillion from FACC for this year as against the N3.3 trillion disbursed to them last year.

Under the current revenue-sharing formula, the federal government receives 52.68 percent; while states and local governments get 26.72 percent and 20.60 percent respectively. Such federation revenues, in addition to internally generated revenues of each tier, are expected to facilitate development across the three tiers of government, and also ensuring that the governments fulfill their financial obligations.

The FAAC allocations to local governments for June were paid directly to the state governments.

The Supreme Court had, on July 11, affirmed financial autonomy for the local governments. The apex court directed that the financial allocations meant for all the 774 local government areas in the country be paid to them directly. It said it is unconstitutional for state governments to keep and manage allocations on behalf of the local governments.

States’ borrowing patterns

Investigations by Daily Trust show that 21 states have expressed intentions to borrow a total sum of N1.650 trillion from both internal and external sources to fund their 2024 budget deficits.

Other states are yet to upload their borrowing plans.

According to details of the borrowing plans made public,
Adamawa State Government is to borrow N68.46 billion;
Anambra N245 billion;
Bauchi, N59.08 billion;
Bayelsa, N64 billion;
Benue, N34.69 billion;
Borno, N41.71 billion;
Ebonyi, N20.5 billion;
Edo, N42.71 billion;
Ekiti State, N27.15 billion;
Jigawa, N1.78 billion;
Kaduna, N150.1 billion,
Kebbi, N36.7 billion;
Katsina, N163.87 billion;
Kogi, N37.08 billion;
Kwara, N30.76 billion;
Osun, N12.36 billion;
Oyo, N133.4 billion;
Nasarawa, N32.93 billion;
Gombe, N73.75 billion;
Enugu, N103 billion and
Imo, N271.34 billion.


The monthly FAAC allocations to the 36 states and the 774 local governments from June last year to June this year stood at N7.6 trillion. This represents an increase of over 40 per cent.

In June 2023, states got N299.92 billion; local government councils (LGCs), N221.79. July: states, N310.670 billion, LGCs, N229. 409 billion. August: states, N319.52 billion; LGCs, N236.23 billion. September: states, N361.19 billion; LGCs, N266.54 billion. October: states, N287.07 billion; LGCs, N210.90 billion. November: states, N379.41 billion; LGCs, N278.04 billion. December: states, N396.693 billion and LGCs, N288.928 billion.

In January this year, state governments got N379.407 billion; LGCs, N278.041 billion. February: states, N366.95 billion; LGCs, N267.15 billion. March: states, N398.689 billion; LGCs, N288.688 billion. April: states, N403 billion; LGCs, N293 billion. May: states, N388.419 billion; LGCs, N282.476 billion. June: states, N461.979; LGCs, N337.019 billion.

Allocations from Value Added Tax also rose year-on-year by 228.8 percent to N2.42 trillion in the first five months of 2024, up from N736.06 billion in the first five months of 2023.

The 13 percent derivation fund received by oil producing states also rose by 234 percent to N519.83 billion in the first five months of 2024, up from N155.5 billion in the first five months of 2023.


20% of June allocation enough to build 320 PHCs

In June this year alone, the FAAC allocations to both states and local governments crossed the N1 trillion mark with N1.3 trillion.

If the standard of N500 million outlined by the World Health Oganisation (WHO) for establishment of an averagely equipped primary healthcare centre facility is anything to go by, 20 percent (N160 billion) of the June allocation is enough to put in place 320 of such health facilities nationwide.

There’s need for accountability – Experts

The Executive Director of the Centre for Fiscal Transparency and Public Integrity, Umar Yakubu, said there is a need for accountability regarding how the allocations to the states are being spent. In an interview with Daily Trust, Yakubu noted that the removal of the petrol subsidy has led to a significant increase in revenues, especially at the states and local governments.

He said: “The major issues is that governments think the more they make revenue, the more they solve problems because the accountability mechanism is so weak and the audit processes are not good enough to check excesses.

“So, what you have is more Naira into the system and the few who have access to them will convert them to dollars, which is the major reason our foreign exchange market has not stabilised because of too much Naira chasing few dollars.

“Therefore, we call for accountability which has to be in place to check corruption because as you can see, more money has come, but no state is recruiting, no state is increasing pensions or allowances of workers or event increasing capital expenditures because they are just siphoning money without accountability”, he said.

Also speaking to Daily Trust, a development expert, Victor Agi, said if the issue of accountability at the sub-national level is not tackled head-on, the challenges at the grassroots would continue.

Agi said state governments must be accountable with the increased revenues to drive growth at the grassroots.

“One of the issues is that people always blame bad governance on the federal government, forgetting that governors also get huge allocations to develop their various states.

“In the last one year, revenues have grown by almost 50 per cent, yet the governors can’t improve welfare of their workers and the people in general. For instance, the president signed the national minimum wage of N70,000 and some of the governors are kicking that they can’t pay despite increase in revenues. This indicates that something is wrong.

“What is more disturbing is that the same issue will now be encountered in the local governments now that their allocations will be paid directly. There is need for more awareness from civil society to ensure that development at the grassroots is implemented now that revenues have increased,” he said.

https://dailytrust.com/21-states-seek-n1-65trn-loans-despite-40-rise-in-faac-revenues/

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Politics / NNPC Has No Funds To Fix Old Pipelines – Heineken Lokpobiri by ogododo: 7:40am On Aug 26
The Federal Government has declared that the Nigerian National Petroleum Company Limited does not have the funds required to rebuild old pipelines.

The Minister of State for Petroleum Resources, (Oil), Heineken Lokpobiri, stated this at the just concluded Energy and Labour Summit 2024 organised by the Petroleum and Natural Gas Senior Staff Association of Nigeria in Abuja.

Lokpobiri, while speaking about the divestment of international oil companies and the need to ramp up production, emphasised that Nigeria also needs to repair its pipelines, which he said are old, corroded, and expired.

He noted that even if the country can produce more than 1.7 million barrels of crude oil, the problem is how to evacuate it to the terminal.


So This Happened (251) reviews the murder of a pregnant woman in Rivers, other
“Part of our problem is that pipelines that were traditionally transporting our crude were built in the 1960s and the 1970s and the lifespan is since over. We have identified that even when we can produce, evacuation is a big problem.

“The reason why pipeline vandalism is very easy to do is because the pipelines have all expired they completely corroded and so, anybody can just go and tap it and the thing is busted; but there are better technologies which are more expensive, there are better pipelines that other people are using in other countries, but they are not cheap, We also need to change our model.

“Now, the NNPC that is our joint venture partner, do they have the money to be able to replace these pipelines? I think NNPC will speak for themselves whether they have the money to be able to do that, and I don’t think they have,” Lokpobiri declared.


Consequently, he called for public-private partnerships to fix the old pipelines, saying, “That is why we have to go for the global model – PPP. We have to get the private sector to come in.

For the private sector to come into any country to invest, he said they must have confidence in such a country, stressing that this was lacking in the past 12 years when there was no foreign investment in the nation’s oil company.

“When this government, came we tried to rebuild the confidence and investors are coming,” Lokpobiri added.

The oil minister maintained that the smuggling of fuel from Nigeria to other neighbouring countries is because the NNPC imports and sells below the landing cost.

“Nigeria plays a very critical role in the energy security in Africa. That is why whatever PMS we import into Nigeria finds its way to the whole of West Africa. That is why smuggling cannot stop. If NNPC Imports PMS and sells to marketers at perhaps N600 or below, there’s no way that smuggling can stop,’ saying the security agents at the borders are also involved.

“When smugglers are taking the products outside the country, even if you put all the policemen on the road, they are Nigerians; you and I know the answer. If you put all the customs men on the road, they are Nigerians, you and I know what the problem is, and that is why I’m saying that for Africa to attain energy


security, Nigeria has to play a very strategic role,” he remarked.


On the supply of crude to Dangote and other local refineries, he expressed fear that this may suffer a setback except production is ramped up.

“Our ambition is to ramp up production. It is only when we ramp on production that the midstream and the downstream can also be successful. You know we resolve at the Federal Executive Council to sell crude to local refineries – Dangote and the other refineries that are refining products for local consumption.


“But the bigger challenge is whether we have enough quantity to be able to supply them because of certain things that happened before we came. You will agree with me that when I became minister one year ago, we were doing barely about a million barrels, but today we’re doing 1.7mbpd approximately, inclusive of condensate,” Lokpobiri said.

He added, “Supporting local refining is the way to go. We can look for investors to explore and ring out this crude, so I will be able to meet both our domestic obligation and also export some to be able to raise more dollars and meet our obligations.

“We are committed to ensuring we support local refineries with all the feed-stock. If you must supply refineries in Nigeria and you don’t have the crude to supply, it remains something that is written beautifully in a law.”

He said the Federal Government would ensure there is healthy competition by being fair to both the small and the big refiners.


https://punchng.com/nnpc-has-no-funds-to-fix-old-pipelines-fg/

2 Likes

Politics / Re: Atiku To FG: Explain Why Oando Got Accelerated Approval In AGIP/ ENI Purchase by ogododo: 7:25pm On Aug 25
iwaeda:


Tinubu's greed out of this world. Reason Lagos have been shared to the smallest street and base, Nlfpmod, geed is bad. grin grin grin
Nawa oo

1 Like

Politics / Atiku To FG: Explain Why Oando Got Accelerated Approval In AGIP/ ENI Purchase by ogododo: 5:00pm On Aug 25
@atiku to FG: Explain Why @Oando_PLC Got Accelerated Approval in AGIP/ENI purchase
*Slams @officialABAT over Subsidy Scam, Rights Abuse
*Demands Release of Detained Whistleblower, Bristol Tamunobiefiri @PIDOMNIGERIA

Former Vice President of Nigeria, Atiku Abubakar has asked the Federal Government to explain why Oando Plc owned by the President’s nephew, got an accelerated approval to buy the onshore assets of AGIP and ENI while other transactions such as the Shell/Renaissance deal and the Mobil/Seplat continue to suffer delays.

The former Vice President also slammed the Bola Tinubu administration for implementing a sham subsidy regime as revealed in the financial statement recently released by the Nigerian National Petroleum Company Limited (NNPCL).

“Tinubu visited the FMDQ in New York, visited Qatar, visited France where he told lies about removing petrol subsidies. Obviously, this is not a man who is serious about attracting FDI. More worrisome is that he is not even brave enough to admit that subsidy is being paid. The NNPCL admits that N7.8tn is owed to the national oil company by the Nigerian government.

“IMF estimates that subsidy payments this year will constitute 3% of GDP, which is about $7.5bn. This will be about N11.8tn. Yet, the petrol scarcity continues to linger while the Tinubu administration continues to frustrate the Dangote Refinery and even its own NNPCL facilities. Obviously, the subsidy regime has become an even wider conduit pipe through which monies for funding the 2027 election will come from,” Atiku said.

The former Vice President doubled down on his allegation that Oando was being given undue and preferential treatment in the oil and gas sector to the detriment of more competent investors.

The Presidential candidate of the Peoples Democratic Party (PDP) in the last election also knocked the House of Representatives for failing to take proper action on the NNPCL which has now gone ahead to “mortgage the country’s national oil assets to vested interests”.

Atiku said, “Within just eight months, the Nigerian Upstream Production Regulatory Commission (NUPRC) approved a deal which saw the divestment of ENI/AGIP onshore assets to Oando. Within that same period, Nigeria controversially withdrew all litigation against Shell/ENI in the OPL 245 scandal in what has been described as a quid pro quo.

“However, the attempt by SEPLAT to buy Mobil’s onshore assets has continued to stall for the last three years even as the consent letter remains on Tinubu’s table. The deal between Renaissance and Shell continues to stall. In fact, the only deal that has fully scaled through so far is the one involving Oando. We now know why it got accelerated approval.

“Ideally, democracy ought to be government of the people, for the people, and by the people. But democracy in Nigeria has become the government of Tinubu, by Tinubu, and for Tinubu and his family members.”

Atiku added, “In July 2023, the House of Representatives, following the adoption of a motion moved by Miriam Onuoha directed NNPC Ltd to suspend the acquisition of OVH assets pending an investigation by its committee.

“The House ad-hoc committee requested the NNPC Ltd to furnish it with information about registration documents/history from CAC for OVH, Nueoil, and NNPC Retail Limited (NRL), Board Resolution of NNPC Ltd on purchase of OVH, Audited Financial Statement and Management Accounts from 2015 to date of OVH, Nueoil, NRL and NNPC Ltd and the payroll from 2015 to date for NRL and OVH; Board Resolution of NRL/CHQ for movement of head office to Lagos and evidence of Tax Payments for NRL and OVH from 2015 to date.

“The NNPC ignored all these and went ahead to transfer its ownership and properties in its retail arm to OVH, thereby mortgaging the future of Nigerians.

Despite the rot in the oil sector, the head of the NNPC, the head of the NUPRC, and the head of the NMDPRA continue to keep their jobs. This is clear evidence that they are fulfilling the mandate given to them by Tinubu.”

Furthermore, Atiku pointed out that the NNPC lied in its vacuous response to their statement last week, as it is on record that the Kyari-led management appointed Huub Stoksman, a former Chief Executive Officer of OVH Energy, as Managing Director of NNPC Retail, and Mumuni Dangazau, the former Chief Operating Officer of OVH Energy, as his Special Adviser Downstream, long before the consummation of the incestuous marriage of the entitities.

In a related development, Atiku also lambasted the Tinubu administration for the rise in human rights abuses.

The Waziri Adamawa said Tinubu who rode to power over exaggerated claims of being a freedom fighter, had turned against the people by allowing the Department of State Services (DSS), police and even the military to abuse the rights of citizens without any consequences.

He said that in some instances, citizens were arrested in a gestapo manner without the knowledge of their relatives who go about looking for them for several weeks.

The former Vice President said the most affected since Tinubu took office have been journalists whose only crime is reporting the news and exposing government indiscretion.

He argued that the Cyber Crime Prevention Act 2015 had become a tool with which officials in the Tinubu administration were abducting citizens while the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) had transmuted into the defunct SARS.

Atiku added, “The dangerous trend of enforced disappearances has become a national embarrassment for a country which claims to be practising democracy. On May 1, 2024, Daniel Ojukwu of the Foundation for Investigative Journalism went missing and was presumed abducted by kidnappers until he was later discovered to be in police custody on the orders of IGP Kayode Egbetokun.

“Ojukwu’s crime was that he exposed the corruption of a government official who currently serves in Tinubu’s administration. On July 23, the DSS arrested one Aliyu Sanusi in Sama Road of Sokoto, the state capital for printing and distributing materials ahead of the #EndBadGovernanceProtest. Even the arrest and release of the former BBC Pidgin Editor and current West Africa Regional Editor of the Conversation, Adejuwon Soyinka, clearly shows a pattern, which objective is to intimidate journalists for speaking truth to this government.

“Now, the police have arrested Bristol Tamunobiefiri, who owns the PIDOM Nigeria blog on X, formerly Twitter. After detaining him for over two weeks, he was granted an administrative bail, which will be impossible to meet. This is despite the fact that the Appeal Court, in the case of EFCC V. Emem Uboh (2022) LPEIR – 57968 (CA) held that administrative bail is illegal. Bristol should, therefore, be arraigned in court immediately or released.”

Atiku advised Tinubu to take cases of human rights abuses seriously or Nigeria would remain at the risk of being slammed with sanctions which would prevent western powers from selling weapons, a development he argues could undermine Nigeria’s ability to tackle insecurity.

“Amnesty International still has a pending petition before the Foreign Committee of the US Congress against the sale of weapons to Nigeria due to human rights concerns in line with the Leahy Law. Tinubu would do well to curb these cases of rights abuses by law enforcement authorities who all report to him as commander-in-chief,” the former Vice President said.

Signed:
Phrank Shaibu
Special Assistant on Public Communication to Atiku Abubakar
Vice President of Nigeria (1999-2007) and Presidential Candidate of the Peoples Democratic Party (2023)
Abuja
25th August, 2024.

https://dailypost.ng/2024/08/25/explain-why-oando-got-accelerated-approval-in-agip-eni-purchase-atiku-tells-tinubu/

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Politics / Re: My Presidency Would Have Heralded Prosperity, Atiku Replies Bode George by ogododo: 4:58pm On Aug 25
Nlfpmod.
Politics / My Presidency Would Have Heralded Prosperity, Atiku Replies Bode George by ogododo: 10:23pm On Aug 24
Former Vice-President Atiku Abubakar has berated a member of the Board of Trustee (BoT) of the Peoples Democratic Party (PDP), Bode George, for saying he (Atiku) would have collapsed if he was elected President.

George who appeared on Arise Television, stated that, “If Atiku had won, I would have stayed in my house because I know in the future he would collapse. This country would never accept. If he (Atiku) had won that election you think this country would have been stable? Because somebody from the north had just finished eight years and our own norm is that after the eight years, the presidential candidate must come to the south.”

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But reacting to the PDP Chieftain, Atiku through, Paul Ibe, his Media Adviser said, “Contrary to Chief Bode George’s imprudent talk, an @atiku presidency would have heralded an era of prosperity, driven by a cabinet brimming with seasoned and adept individuals, chosen solely on merit regardless of their background or beliefs.


Commuters stranded as bridge collapses in Taraba
“Such leadership would have safeguarded Nigeria’s interests, steering clear of the bigotry and nepotism and brigandage that characterizes this administration. Instead of the current state of disarray, driven by haphazard policies, Nigeria would have thrived under Atiku’s guidance.”

The PDP presidential candidate in the last election, said “In contrast, we see Bode George, who once threatened exile, should Tinubu ascend to power, now oddly silent about the present administration. Is Bode’s reticence because Atiku is not from his region? It is prudent to consider Bode’s opinions with caution.


“Bode’s conduct is a disservice to the military, an institution esteemed for its unity. Here is a Commodore who, paradoxically, embraces tribalism and undermines the very principles of the military. It is a source of shame for the armed forces to have such a figure in their ranks.”

https://dailytrust.com/my-presidency-would-have-heralded-prosperity-atiku-replies-bode-george/

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Politics / Why We Need To Rename Our ‘Bandits’ by ogododo: 9:24am On Aug 24
In the news, President Bola Ahmed Tinubu did quite a presidential thing, as he “condemned the tragic circumstances leading to the death of Alhaji Isa Bawa, the District Head of Gatawa District in Sabon Birni Local Government Area (LGA) of Sokoto State”. But the language and wording of the message failed, in my opinion. How can you condemn the circumstances that led to an innocent man’s death, when you should simply condemn the killers of said innocent man? Anyways, some of you could argue that I am hair-splitting, and I would disagree. Like, for instance, the word ‘bandits’.
I have for a long time condemned its usage, because even though it describes criminality, it does not adequately tag the wanton, abject wickedness and deadliness of the terrorists we choose to call that.

‘A rose by any other name is still a rose,’ you might say, and you would be right, if we were discussing poetry. What is at stake here is the security of Africa’s most populous nation, under threat by ridiculously potent groups of wanton criminals.
The proverbial icing on the cake is that these criminals were brazen enough to have fought back when engaged by security operatives. My main question – which I have asked before – are we still calling them bandits? These murderous elements have raped, maimed, and killed people before, and they have destroyed entire communities and even government property. This is far more than enough to call them what they are: terrorists.




Now, the typical Nigerian contrarian would object, and ask unsophisticated questions like ‘What use is getting their correct name? Will that solve the problem?’, and I understand why. I will point out the maxim that knowing a problem exists is one thing, and knowing what it is, is another altogether. Let’s go to medicine, for instance. If a patient has cancer, but the medical staff and his family keep calling it a migraine, would that help in solving the problem?

Let’s take the Zamfara example. That state has been in the tight grip of terrorists for a while now. One cannot forget the imposition by ‘bandits’ of a ‘levy’ on innocent, law-abiding citizens in Jibia – and indeed some other parts of northern Nigeria almost three years ago. That kind of thing, like I said then, should be viewed as full-blown insurgency.
This is because they are not only occupying areas, but they are also charging taxes, both things which only the Federal Republic of Nigeria has the legal right to do. The fact that they go about killing whoever does not toe their nefarious lines is enough cause for a heavy-handed response from the government.

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I also recall, with quite a bit of revulsion, the laughable ‘amnesty’ they enjoyed for bit in the past, and time and time again they pick up their arms and return to the forests, back to their evil ways. But I digress. The number of people who have been murdered by these terrorists, as well as that of the soldiers who fell to their bullets while doing their job, is far too high a tally. And the scariest part is that many states, not just Sokoto, are suffering from strikingly similar scourges. Kaduna, Plateau, Kebbi, Taraba, Kogi, Nasarawa, and other states, as well as even the full-blown colony of terrorists in Niger State, if reports of their activities are anything to go by. Enough is enough. These terrorists need to be stopped now.


The terrorists have provided more than enough avenues to be utilised for just that. They are on TikTok, and are known for a strong, dramatic presence on social media, replete with professional rivalries, competing content, and show of strength. They use phones to call for ransoms, and to strike fear in the hearts of communities they want to sack. In case my point is somehow lost, what I am saying is that these mindless criminals use technology, which leaves them open to being tracked and neutralised using technology. At this point, I will not even float the hare-brained conspiracy theory of ‘highly-placed individuals don’t want them stopped’. I don’t even care. All I want is some decisive action that will eradicate this ridiculous scourge that has eaten – and continues to eat – through our national fabric like some toxic, ravenous moth.

Back to Alhaji Bawa, the beloved Sokoto monarch was abducted while returning from an event some weeks ago, before he was murdered by his captors. In a 59-second now-viral video, he could be seen tied up by his abductors, pleading with the state government as well as well-wishers to come to his rescue. It was utterly heart-breaking, which takes me back to Tinubu’s message, relayed in a statement by his Special Adviser on Media and Publicity that “the savage attack on the traditional ruler as deeply disturbing and a heinous act that will not go without a decisive response.”
The whole world is waiting. Heck, even the terrorists are waiting, for this much-awaited “decisive action”. And remember, a terrorist by any other name, is still a terrorist.

https://dailytrust.com/why-we-need-to-rename-our-bandits/
European Football (EPL, UEFA, La Liga) / Liverpool Vs Brentford (2 - 0) On 25th August 2024 by ogododo: 12:33pm On Aug 23
Liverpool kicked off their Premier League campaign on the road against Ipswich Town, coming away with a 2-0 win after a second-half resurgence. Their next matchup is a home fixture against Brentford, which will be Arne Slot's first home competitive match as Liverpool manager. The Reds have the opportunity to begin the season with two wins in two matches in the club's final match before the summer transfer window closes.

It will also be a quick return to Anfield for Brentford's Fabio Carvalho, who only just departed Liverpool earlier this month and is expected to feature on Sunday afternoon.
Politics / Price Of Cooking Gas Rises 8.3% To ₦‎1,300/Kg – Investigation by ogododo: 7:40am On Aug 22
The price of Liquefied Petroleum Gas or cooking gas has rising to N1,300/Kg this month, representing 8.3 per cent, month-on-month, MoM from N1,200 in July.

Similarly, the price of 5kg cooking gas has rising by 8.3 percent to N6,500 from N6,000 it was sold in July 2024.



Speaking to Vanguard, National President of the Nigeria Association of Liquefied Petroleum Gas Marketers, NALPGAM, Mr. Olatunbosun Oladapo said, “We are aware of the recent increase as gas price is influenced by exchange rate but hopefully the price should drop by the end of the month and we will review and observe what the price will be for the month, but I can say currently the price is dropping gradually.”

Meanwhile, the National Bureau of Statistics, NBS, latest report on Liquefied Petroleum Gas (Cooking Gas) Price Watch for July 2024 disclosed that the average retail price for refilling a 5kg cylinder fell by 14.23 percent, MoM to N5,974.55 in July 2024 from N6,996.03 in June.

The report stated “On a year-on-year, YoY basis, this increased by 46.96 percent from N4,072.87 in July 2023. On state profile analysis, Borno state recorded the highest average price for refilling a 5kg cylinder with N7,088.59, followed by Yobe and Sokoto states with N6,935.50 and N6,750.00 respectively.

“On the other hand, Delta state recorded the lowest price with N5,392.86, followed by Zamfara and Kogi states with N5,431.25 and N5,560.63 respectively. In addition, analysis by zone showed that the North-East recorded the highest average retail price for refilling a 5kg Cylinder of cooking gas with N6,446.53, followed by the North-Central with N6,042.33 while the South South recorded the lowest with N5,654.04.”
https://www.vanguardngr.com/2024/08/price-of-cooking-gas-rises-8-3-to-n1300-kg-investigation/

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Politics / Re: Sokoto Bandits Release Kabir Isa After Collecting Ransom by ogododo: 11:19pm On Aug 21
Nawa oo, wey police dey.

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Politics / Sokoto Bandits Release Kabir Isa After Collecting Ransom by ogododo: 11:15pm On Aug 21
The son of Sokoto district head who died in captivity on Tuesday has been released after the payment of ransom.

His elder brother, Surajo Isa, confirmed this to Daily Trust on Wednesday night.

He said the bandits collected N60 million and five motorcycles were given to bandits to secure their release.

“They came back from the bandits’ den around 8:30pm,” he said

He also confirmed that, their father who died in captivity was buried by his abductors.

“This is what our brother told us after his release,” he revealed.

Confirming the development, Hon. Aminu Boza, a member of the Sokoto State House of Assembly, said Isa is currently receiving treatment at Usman Danfodio Teaching Hospital, Sokoto.

Unfortunately, they have buried the remains of the late emir in the bush. We learnt that the Emir was buried in the morning.

The late Emir’s son, Alhaji Kabir Isa is currently receiving treatment at Usman Danfodio Teaching Hospital (UDUTH) Sokoto. It’s unfortunate that the Emir would be seen again.”

Daily Trust had reported how the District Head of Gatawa in Sokoto State, Isa Muhammad Bawa, was abducted alongside his son and brother 25 days ago.

However, news of his death broke on Wednesday. Multiple sources confirmed the development to our correspondent on Wednesday.

A resident of Gatawa, Mahe Mukhtar, said the death was confirmed by the office of the deceased and there was a condolence message from the member representing Isa-Sabon Birni federal constituency on the death.

Cousin of the victim, who is the Magajin Garin Sabon Birni, Shuaibu Gwanda Gobir, also confirmed his death to our reporter.

“It is true that Sarkin is dead. He died yesterday around 5:53pm,” he said

According to him, a prominent traditional ruler in Shinkafi called and informed them about his death.

“The traditional ruler sent someone to the bandits’ den to further negotiate the release of the monarch, his son and brother.

“Upon arrival, he saw the dead body of Sarkin lying on the ground. He then isolated himself from the bandits and called the traditional ruler that no money should be sent because Sarkin is dead.

“Our brothers and one of our uncles were about to go and deliver the money as well as the motorcycles demanded by the bandits but the traditional ruler asked us not to let them go because our monarch is dead,” he said

https://dailytrust.com/despite-death-of-sokoto-monarch-bandits-collect-ransom-to-free-his-son/

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Politics / Sokoto Bandits Kill Isa Muhammad Bawa (The Sarkin Gobir of Gatawa District) by ogododo: 4:15pm On Aug 21
Terrorists Kill Sokoto Traditional Ruler Days After Appearing In Video To Plead For Government's Help

The Sarkin Gobir of Gatawa District in Sokoto State, Alhaji Isa Muhammad Bawa in Sokoto State has been brutally killed by bandits after being abducted, tortured, and dehumanised.

Idris4Peace, announced this tragic development via his social media handle on Wednesday afternoon stating that bandits released a harrowing video showing the leader pleading for his life and desperately appealing to the government for assistance.

The post read; Sarkin Gobir, a traditional leader in Sokoto, was executed by deadly armed bandits after being abducted, tortured, and dehumanised.

“The bandits released a video showing the leader pleading for his life and appealing to the government for help.”


Meanwhile, SaharaReporters had reported that, Bawa, who was abducted by terrorists, has cried out for help in a new video released by the gunmen.

The Emir and his son were kidnapped in July at the Kwanar Maharba area while travelling from Sokoto to his home town, Sabon Birni, the headquarters of Sabon Birni local government of Sokoto State.

The bandits on sighting the Emir’s vehicle, started shooting guns which resulted in the tires of the vehicle bursting, and the driver losing control of the car. This forced the car to suddenly stop,” Gobir, one of his sons had said.

The bandits abducted the district head and his driver who happens to be his biological son.”

The abductors few days after the incident requested the sum of N1 billion as ransom for the release of the victims.

In the video released online, the monarch speaking in the Hausa language narrated how they were kidnapped by the terrorists.

He said their lives are in danger in the hands of their abductors, adding that they had been suffering in the forests where they are currently held.

Pleading for help, he urged the government to urgently come to their rescue.

Also in the video, one of the gunmen can be heard speaking in Hausa dictating to the victims what to say.
https://saharareporters.com/2024/08/21/terrorists-kill-sokoto-traditional-ruler-days-after-appearing-video-plead-governments

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Politics / Fraudster Faces 20-year Jail For Stealing $10m US Unemployment Fund by ogododo: 9:33am On Aug 21
A Nigerian man from Lagos State, identified as Yomi Olaleye, faces the possibility of a 20-year prison sentence in the United States after being arrested for allegedly stealing $10m from COVID-19 employment relief funds.

PUNCH Metro learnt that the suspect was arrested at the John F. Kennedy International Airport in New York City on August 13, 2024, on charges of conspiring to obtain the funds.

The acting U.S. Attorney Joshua Levy, along with Special Agent in Charge Andrew Murphy of the U.S. Secret Service Boston Field Office, Special Agent in Charge Jonathan Mellone of the Department of Labor’s Office of Inspector General, and Special Agent in Charge Jodi Cohen of the FBI’s Boston Division, disclosed this on Monday via the official website of the U.S. Attorney’s Office for the District of Massachusetts under the Department of Justice.

The arrest is part of the ongoing U.S. efforts to combat and prevent pandemic-related fraud. The Attorney General previously established the COVID-19 Fraud Enforcement Task Force to achieve this objective.

Protester lament low turnout of Nigerians for the hunger protest day 5 | Punch0:03 / 1:01

Olaleye and his co-conspirators are alleged to have defrauded three COVID-19 relief programmes, including Unemployment Insurance, Pandemic Unemployment Assistance, and Federal Pandemic Unemployment Compensation, which were managed by the Massachusetts Department of Unemployment Assistance and other state unemployment agencies.

According to court documents, the 40-year-old Nigerian, along with others, allegedly filed for at least $10m in fraudulent pandemic relief programmes across multiple states, including Massachusetts, Hawaii, Indiana, Michigan, Pennsylvania, Montana, Maine, Ohio, and Washington. They were believed to have received over $1.5m in assistance to which they were not entitled.

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The statement revealed that the suspect had been charged with one count of wire fraud conspiracy, one count of wire fraud, and one count of aggravated identity theft.


On August 14, 2024, Olaleye reportedly made his first court appearance in the Eastern District of New York.

The statement partly read, “Specifically, Olayeye and his co-conspirators allegedly used personally identifiable information (PII) they purchased over criminal Internet forums to apply for UI, PUA, and FPUC—falsely representing themselves as eligible state residents affected by the COVID-19 pandemic.

“Olayeye and his co-conspirators allegedly used the same fraudulently obtained PII to open U.S. bank and prepaid debit card accounts to receive the assistance payments. It is also alleged that Olayeye and his co-conspirators recruited U.S.-based account holders to receive and transfer the fraud proceeds via cash transfer applications.

“Olayeye and his co-conspirators then allegedly used the fraudulent proceeds to purchase bitcoin via online marketplaces. It is further alleged that Olayeye and his co-conspirators concealed the conspiracy’s connection to Nigeria by leasing Internet Protocol addresses assigned to computers located in the US for use in the fraudulent transactions.”

If convicted, Olaleye faces up to 20 years in a US prison, three years of supervised release, a fine of $250,000, or twice the gross gain or loss, along with forfeiture and restitution.

https://punchng.com/fraudster-faces-20-year-jail-for-stealing-10m-us-unemployment-fund/
Politics / Nigerian Scholars Abroad Suffer Hardship As Authorities Fail To Pay 14 Months' by ogododo: 10:20pm On Aug 20
The scholars, who are based in Hungary, Morocco, China, Serbia, Algeria, Venezuela, and Russia have faced severe financial hardship due to persistent delays in payments.

The Union of Nigeria Bilateral Education Agreement Scholars (UNBEAS) has made an urgent appeal to President Bola Tinubu for the immediate release of 14 months' worth of stipends owed to Nigerian scholars studying abroad.




The scholars, who are based in Hungary, Morocco, China, Serbia, Algeria, Venezuela, and Russia have faced severe financial hardship due to persistent delays in payments.




In a statement on Tuesday, the union noted that the ongoing delays have pushed many of its members into extreme hardship and forced them to take on strenuous labour to survive.



The statement reads: "House rent and other utilities, food, and transportation have become unaffordable for the average FG scholar who has been owed since July 2023.”



According to the union, the financial strain has had a detrimental effect on their academic performance, with some scholars reportedly attempting suicide and others facing legal threats from landlords and creditors.



The press release also notes that a memo from the Federal Scholarship Board (FSB) dated July 23 announced a 56% reduction in the monthly stipends due to domestic exchange rate adjustments.



Despite this adjustment, the reduced amounts have not been received.

"The funds were sent to the CBN for onward transmission to the various embassies, which have not received the payment till date," the union states, adding that efforts to obtain information from the CBN have been unsuccessful.



UNBEAS calls on the Central Bank of Nigeria (CBN) to expedite the payment of these reduced stipends and urges the Minister of Education, Prof. Tahir Mamman, to ensure that both the adjusted 2024 stipends and the six months of 2023 stipends owed are released immediately.



"To forsake us now is to condemn us to a life in the shadows," the union warns.

It emphasises that further delays will deepen their suffering and endanger the well-being of the most vulnerable scholars, including orphans and those without support.





https://saharareporters.com/2024/08/20/nigerian-scholars-abroad-suffer-hardship-authorities-fail-pay-14-months-stipend-seek
Politics / Tinubu Spent Over N2.3billion On Presidential Trips, Other Related Expenses In 6 by ogododo: 11:29am On Aug 20
Despite soaring inflation, widespread hunger, and hardship in Nigeria, President Bola Tinubu has spent a staggering N2.3 billion on foreign trips and related expenses in just six months, according to data from GovSpend, a BudgIT Foundation analytics platform.

The data reveals that between February 21 and July 19, 2024, President Tinubu incurred N2,346,623,000 in foreign trip expenses, a significant portion of his overall spending since taking office.

According to GovSpend, on February 21, 2024, State House Headquarters, Abuja made a N300,000,000 payment for Presidential trips and other related expenses for the month of January 2024.




On February 24, 2034, State House Headquarters also made a N250,000,000 payment for Presidential trips and other related expenses. And on March 15, 2024, N42,379,100 was paid for Presidential trips and other related expenses.

On March 15, 2034, N9,484,310 was paid for Presidential trips and other related expenses. Another N25,393,490 was paid for Presidential trips and other related expenses, and another N34,185,400 was paid for the same purpose on the same date.

Another N5,602,600 was paid by the State House to the State House Headquarters transit account - where other payments were made - for Presidential trips and other related expenses.



On the same March 15, another N106,422,600 payment was made for presidential trips and other related expenses, and another N5,505,100 was also paid for the same purpose on the same date.

Also, N5,001,700 was paid for Presidential trips and other related expenses on the same March 15.



The sum of N65,474,000 was also paid on March 15, by State House Headquarters to the State House Headquarters transit account for presidential trips and other related expenses. Another N300,000,000 was paid tagged, “Payment for Presidential trips and other related expenses as per March cash flow”.



On May 17, 2024, the sum of N51,533,300 was paid for presidential trips and other related expenses. Another N221,240,500 was paid on the same date for ‘Provision of Presidential Trips and Other Related Expenses’. Also, N53,211,300 was paid on the same date for the same purpose.

Another N21,189,600 was paid on May 17 as provision for presidential trips and other related expenses and on May 29, 2024, N350,000,000 was paid for presidential trips and other related expenses.

On July 13, the sum of N350,000,000 was paid for presidential trips and other related expenses, and on July 19, N7,520,000 was paid for presidential trips and other related expenses.

Also, N48,000,000 was paid on the same July 19, for the same presidential trips and other related expenses.



Similarly, between February 24 and March 15, 2024, President Tinubu’s government spent the sum of N2,902,314,310.35 on buying foreign exchange for President Tinubu, Vice President Kashim Shettima and First Lady, Remi Tinubu for foreign trips to Ethiopia, Switzerland, Liberia, France, Cote d'Ivoire, and other specified purposes.



According to the payment details on GovSpend, on February 24, the sum of N750,000,000 was used to buy $1,271,997 US Dollars for the President's trip to Dubai, United Arab Emirates, a journey he embarked upon on November 27, 2033.



Also, N1,041,240,840.04 was paid by the State House Headquarters to the State House Headquarters transit account for the purchase of $692,265 US Dollars which President Tinubu used for his trip to Ethiopia on February 9, 2024.



Another payment record on February 24, showed that the State House Headquarters also paid the sum of N426,884,394.69 for the purchase of $483,277 US Dollars for the Vice President's trip to Switzerland which was on January 15, 2024.

Also, N86,758,921.46 was paid on February 24 for the purchase of$93,004 US Dollars for the Vice President's trip to Liberia, a journey he embarked upon on January 23, 2024.

Another N176,768,706.33 was paid for the purchase of$116,524 US Dollars for the Vice President's trip to Cote D'Ivoire on January 9 to watch the Semi-Final African Cup of Nations match.

On the same February 24, N149,794,284.71 was paid for the purchase of $152,831 US Dollars for the First Lady’s trip to France, which was on January 4, 2024.

Also, on March 15, N144,571,785.46 was paid for the purchase of $96,118 US Dollars for the First Lady's trip to Addis Ababa, Ethiopia, which was on January 9.

Another N126,295,377.66 was paid for the purchase of $83,967 for the First Lady's trip to London in March.

Meanwhile, N243,322,376.72; N739,074,000; N149,047,575.43; N358,527,663.55; N46,182,074.74 and N73,070,768.23 were paid on July 17, 2024 respectively for the purchase of unspecified amounts of Dollars and for undisclosed purposes.

In the same vein, the Office of the Chief of Staff to the President on February 22, 2024 paid the sum of N40,000,000 to the State House Headquarters transit account for hiring of the aircraft to convey President Tinubu and his team to from Abuja to Lagos for the book lunch of former Lagos State Governor, Babatunde Fashola.



The expenses come at a time when President Tinubu asked Nigerians to endure acute hunger and hardship his economic policies have brought on the country.



It was also at the time when Nigeria’s organised labour under the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) were negotiating a new national minimum wage for Nigerian workers, with the government insisting there were no resources to meet at least N250,000 initially demanded by the organised labour.



https://saharareporters.com/2024/06/07/breaking-tripartite-committee-recommends-n62000-minimum-wage-tinubu-government-labour



Despite initially proposing N62,000, President Tinubu's government ultimately signed a new national minimum wage of N70,000 into law in July, sparking mixed reactions from Nigerian workers.

The move was followed by a 10-day nationwide protest, as citizens expressed their discontent with the government's handling of hunger, hardship, and governance issues.



https://saharareporters.com/2024/08/20/tinubu-spent-over-n23billion-presidential-trips-other-related-expenses-6-months-govspend
Business / Naira Down To N1,600/$ In Parallel Market by ogododo: 7:37am On Aug 20
The Naira yesterday depreciated to N1, 600 per dollar in the parallel market from N1,590 per dollar last weekend.

However, the Naira appreciated to N1,579.22 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,579.22 per dollar from N1,579.89 per dollar last week Friday, indicating 67 kobo appreciation for the naira.

The volume of dollars traded in the market increased by 41.4 per cent to $162.99 million from $115.23 million traded last weekend. Consequently, the margin between the parallel market and NAFEM rate widened to N20.78 per dollar from N10.11 per dollar last week Friday.

https://www.vanguardngr.com/2024/08/naira-down-to-n1600-in-parallel-market/

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Politics / Re: One Year After Tinubu Declared End To Fuel Subsidy, Nigeria Makes Highest Subsid by ogododo: 7:40pm On Aug 19
Nlfpmod, nawa oo fuel no dey, rain come fall.
Politics / One Year After Tinubu Declared End To Fuel Subsidy, Nigeria Makes Highest Subsid by ogododo: 4:15pm On Aug 19
Checks by SaharaReporters revealed that the N6.8 trillion is the highest figure ever to be spent by any administration on fuel subsidies between 2005 and 2022 when subsidy payment was made by the Nigerian government, on a full year basis.

The President Bola Tinubu-led government plans to spend N6.8 trillion on fuel subsidies between August 2023 and December 2024, representing a 17-month period, according to documents.

This is as the President, Bola Tinubu, approved that the Nigeria National Petroleum Company Limited (NNPCL) uses its dividends to offset subsidy bills.


The NNPC had informed the president that due to the subsidy payments, it was currently unable to pay taxes and royalties into the federation account, referring to this as a “subsidy shortfall/FX differential”.

This development comes over one year after the statement “fuel subsidy is gone” by President Tinubu.

Checks by SaharaReporters revealed that the N6.8 trillion is the highest figure ever to be spent by any administration on fuel subsidies between 2005 and 2022 when subsidy payment was made by the Nigerian government, on a full year basis.


Data by Nigeria Extractive Industry Transparency Initiative (NEITI) shows that the highest amount spent on subsidy by the Nigerian government between 2005 and 2021 was incurred in 2011 when a sum of N2.1 trillion was paid.

In 2022, however, the Nigerian government paid N3.36 trillion as fuel subsidies, meaning that between 2005 and 2022, the highest subsidy paid stood at N3.36 trillion.

Assuming the subsidy payment of 2022 extends to seventeen months beyond a twelve months figure, using average figure estimation, the government would have paid N4.7 trillion for fuel subsidies.

With the government planning a N6.8 trillion subsidy for August 2023 and December 2024, it would mean that the N6.8 trillion bill is the highest since 2005.


This development on the approval of the use of the NNPC dividends to pay fuel subsidies comes amid different denials of the government that fuel subsidies were still existent.

The payment of such amount of money for subsidies by the government may have been worsened by a declining dollar to naira rate in the country, this is given that fuel is imported as Nigeria’s refineries have continued to falter.

https://saharareporters.com/2024/08/19/one-year-after-tinubu-declared-end-fuel-subsidy-nigeria-makes-highest-subsidy-payments

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Politics / We Can No Longer Eat Beans, Agege Bread Over Price Hike —vulnerable Lagosians by ogododo: 8:01am On Aug 19
The recent surge in the prices of beans and Agege bread, a cherished staple food for many low-income households in Lagos State, has left many vulnerable residents struggling to afford the once-affordable meal.

PUNCH Healthwise gathered that the sharp price hike turned a common delicacy into a luxury many could not afford, forcing difficult decisions on families across the city.

Some residents in Lagos who spoke with our correspondent lamented that the soaring prices of beans and Agege bread had disrupted their ability to maintain their usual diet.

They noted that what was previously a reliable and nutritious meal for them was no longer affordable, forcing them to seek less affordable alternatives or to cut back on other essential needs.

Beans, rich in protein and dietary fibre, have long been a primary source of nutrition for many Nigerians, especially in low-income communities.

Paired with Agege bread, a soft, stretchy loaf named after the Lagos suburb where it originated, the combination forms a filling and affordable meal that has sustained generations.

For decades, beans and Agege bread have been staples, providing sustenance and comfort to countless families in Lagos.

PUNCH Healthwise, however, discovered that the consistent price hikes have pushed these essential foods beyond the reach of many, raising concerns about the long-term impact on nutrition and public health.

Vulnerable Lagosians cry out

Some of the Lagosians who described the combination of beans and Agege bread as a cultural phenomenon lamented that many families struggle to adapt, finding it increasingly challenging to balance their budgets while trying to keep up with the rising expenses of basic food items.

For Mrs. Taiwo Ayanfowora, her family had to cut back on beans and Agege bread because of the daily increment in prices.

Ayanfowora, a mother of three told our correspondent that a derica of beans of N500 now sells for N2,300.

She lamented that with her husband’s income stagnant, the family had to prioritise their spending, leading to significant cuts in their food consumption.

The mother of three expressed concern about the health implications, especially for her children, who are no longer receiving adequate protein.

She noted that despite trying to find alternatives or buying smaller quantities, the high cost remains a significant burden.

Ayanfowora said attempts to find alternatives have proven futile because other protein sources are either equally expensive or out of reach.

While stressing that these substitutes are no match for the nourishing combination of beans and Agege bread, she revealed that her family now eats the combination only once in a while.

My husband’s income has not increased, and we have to prioritise our spending. We’ve had to cut back on beans and Agege bread, and it is affecting our nutrition. My children always told me they want to eat bread and beans, but the price is out of reach.

“I have tried alternative sources, but they are not as affordable. I have even considered buying beans in smaller quantities, but it is still expensive.


“We all know how important beans are for children that are just growing up, I am worried about the health implications for my family. We are not eating as balanced a diet as we used to because of the current economic reality

Beans and Agege bread were our go-to affordable options, and now they are out of reach,” she expressed.


A student, Tunji Uthman who claimed he was living on a tight budget, lamented that the price hikes have turned what was once a daily meal into an uncommon luxury.

Uthman noted that he has considered various alternatives, but they all come at a price he cannot afford.

He stated, “I used to buy beans and Agege bread every day, but now I can only afford it once a week.

“I have tried to find alternative sources of protein, but they are not affordable. I have even considered skipping meals, but I know that is not healthy.

“This is not just about me, many of my fellow students are facing the same challenges. We are not eating as healthy as we used to, and it is going to catch up with us eventually.

“I have heard some people say we should rely on our parents for support, but my parents are struggling too. They can’t afford to send me money every month.

“We need affordable food options for students like me. I am calling on the government to do something about the prices. We can’t keep living like this.”

Also, Rildwan Mujaideen told PUNCH Healthwise that he has been forced to cut back on his food expenses, which has had a noticeable impact on his health.

Mujaideen lamented that adjusting to the new reality has been difficult.

He expressed concern that despite his efforts, the price hikes have made it nearly impossible for him to maintain his previous standard of living.

He added, “I have had to cut back on my food expenses, and it is affecting my health. I am not eating as balanced a diet as I used to, and I can feel the difference.

“I have tried to adjust to the new prices, but it is hard. I have even considered moving out of Lagos to a place where food is cheaper, but I have my family here.

“I am not sure what the government is doing about the prices, but it needs to do something. We can’t keep living like this.

“I remember when beans and Agege bread were N50 and N20 respectively. Now you will need to buy like N600 bread with beans of N500. This is outrageous.

“The government needs to take responsibility and find a solution. I just hope something changes soon. We need affordable food options for our families.”

Mrs. Blessing Adeoye, who is also a widow, stated that since losing her husband to cancer last year, she has found it difficult to support her family.

She lamented that the continuous hike in the prices of beans and Agege bread has only added to her difficulties.

The widow claimed that due to financial constraints, she was forced to reduce food costs.

She explained, “I lost my husband last year, and since then, it has been a struggle to make ends meet. The prices of beans and Agege bread have made it even harder. I’m trying to raise my two children on my own, but it is getting impossible.

“I have had to cut back on our food expenses, and it is affecting our health. My children are not getting the nutrition they need.

“I have tried to find alternative sources of protein, but they are not affordable. I have even considered begging, but I don’t want to resort to that.”

Bread producers protest persistent hike in flour

Meanwhile, the Association of Master Bakers and Caterers of Nigeria in Lagos State on August 15, embarked on a protest to express displeasure at the hike in flour price despite the Federal Government’s waiver.

The association lamented that despite the recent approval of a duty-free importation waiver on wheat, maize, and other commodities, flour prices kept rising.

Speaking during the protest, the association’s chairman, Chief Ayoola Mathew, expressed concern over Nigerian millers’ failure to implement the waiver.

This, he argued, had led to a surge in flour prices, making it difficult for bakeries to operate smoothly.

He said, “In July, the Federal Government of Nigeria announced the approval of a 150-day duty-free window to allow the importation of wheat, maize, and husked brown rice as part of measures to alleviate rising food inflation across the country, effective August 1, 2024. The purpose of the Federal Government’s notable action was to help bring down the prices of food items in the market, making some food items more accessible and affordable for the masses.

“As Nigerians and members of the Master Bakers and Caterers of Nigeria, We sincerely commend the Federal Government upon this approval as part of measures to combat rising food inflation in Nigeria. However, it’s unfortunate to note that the Nigerian millers have yet to implement this relief on the price of their commodities.”

He added that the association’s findings revealed that some millers chose to ignore the waiver and instead continued to inflate the price of flour daily.

The body stressed that such an action had not only disregarded the Federal Government’s efforts to alleviate the suffering of Nigerians but also a severe blow to their industry.

“It’s a way of robbing innocent Nigerians. The millers did not consider our call for price reduction but rather advised us to inflate the price of bread more to inflict pain and hardship on the common man, which is an inhumane action to take.

“This constant increase in the price of flour by millers has made it impossible for bakeries to operate and function smoothly which has also led to the shutdown of many bakeries and their staff being laid off. Lives are at stake when basic needs are scarce. Nigerians complain daily due to a lack of basic needs for survival and bread is one of them. The flour millers are mounting pressure on human beings unnecessarily.”

Experts weigh in

Food experts told our correspondent that beans were highly valued for their nutritional benefits, offering a rich source of plant-based protein, fibre, and essential nutrients like folate, iron, and potassium.

Speaking exclusively with PUNCH Healthwise, they noted that combining beans with other foods such as rice or bread could provide a complete protein profile, making them a versatile dietary choice.

Both experts agreed on the importance of consuming a variety of foods in the right proportions to meet nutritional needs.

A Chief Dietician, Olufunmilola Ogunmiluyi stressed that while beans can be gas-producing and may cause discomfort for some, they are rich in antioxidants which help combat cell damage and age-related diseases.

The food expert noted that beans are high in fibre, which benefits the digestive system and may reduce the risk of digestive cancers.

She stated, “Although, beans can be gas-producing and may cause discomfort for some people. Beans are also legumes that contain antioxidants that help prevent cell damage and fight disease and aging. The fibre and other nutrients benefit the digestive system and may even help prevent digestive cancers. Beans are plant protein food. Beans contain both carbohydrates and are also high in fibre.

“Beans are an inexpensive source of protein. Beans provide protein, fibre, folate, iron, potassium, and magnesium which are vitamins and minerals for proper growth and immune development. Beans contain both protein and carbohydrates, but the protein in beans is not a complete protein because it lacks one or more essential amino acids.

“However, when combined with other protein sources, such as rice, beans can provide all the essential amino acids needed for a complete protein, some people also prefer to eat beans with bread. Beans and toast is a breakfast tradition in the UK (it’s both adored and loathed) that has stood the test of time. In addition, heavy-duty workers in Nigeria prefer to eat beans and bread to give them a long time of hours before they feel hungry, they believe it makes their stomach full and bulky. Also, it saves spending on food throughout the day.

“Bread is a low-fat source of protein which is required by our bodies for growth, renewal and repair. Pairing bread with beans on toast is an excellent way to meet daily protein requirements. The eating demand for a specific food is affected by the time and money cost of this food is high, and the outcome of the high price of this food affects good health (this affects the reason to consume common food).”

On her part, a Registered Nutritionist, Mrs. Odunayo Babatunde suggested that there were viable alternatives to beans for those who may face challenges with availability or cost.

She explained that Tofu, derived from soya beans, and various nuts like cashews and groundnuts can serve as suitable substitutes.

“There may be no implications if their nutritional needs are met from other alternatives of beans. Alternatives like Tofu from soya beans(wara in Yoruba) and nuts like cashew nuts and groundnuts can be an alternative to beans.

“Beans mostly contain carbohydrates but are still rich in protein. It contains soluble fibre which helps the gut and aids digestion. It contains important amino acids but it is still important to combine beans with rice or corn to benefit from complete important amino acids.

“The best alternative as said earlier is to consume Tofu(wara), soya milk, nuts like cashew nuts, groundnuts, etc.

“It is advised that people eat healthy food. There are alternatives for foods that may be expensive or scarce at particular seasons. Therefore, individuals can consume these alternatives. The important thing is to eat food in the right quantity, Proportions (in terms of food classes) and different varieties.”

https://healthwise.punchng.com/we-can-no-longer-eat-beans-agege-bread-over-price-hike-vulnerable-lagosians/

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Politics / Nigeria Remains Backward Because Of Self-Centred Leaders – Obasanjo by ogododo: 1:17pm On Aug 18
A former President of Nigeria, Olusegun Obasanjo, says the socioeconomic and political situations in the country have remained stagnant because of leadership deficit, concluding that the only way out is for “self-centred” leaders to give way.

He spoke in Abeokuta, the Ogun State capital, on Saturday as Special Guest of Honour at the Leadership Empowerment International Conference, where 25 distinguished Nigerians were conferred with honorary Doctorate in leadership by a South Africa-based Immanuel Theology Institute International in affiliation with Priesthood Leadership Development Initiative Inc.

According to him, for Nigeria to progress from its present dilemma, the present crops of those he labelled “self-centred leaders” occupying offices at all levels of governance must loosen their hold on the country.


He said the country is presently plagued at all levels by a band of self-centred leaders who are deficit of knowledge, bereft of understanding and demonstrating a leadership style that does not see service as the centrepiece for development.

He challenged Nigerians to seek, by all means possible, an end to the culture of enthroning transactional leaders as against transformational leaders who will deliver good governance.

“There is no end to leadership and service to your community until you breathe the last. And you can never be too old to be a leader and to give something to the community in which you lead and serve as a leader, to serve your state, your country, the continent and the world,” he said

“And if you ask me in one word, what is the bane of Nigeria today? I will not think about it twice. I will say it is leadership. Leadership that is self-centred, leadership that is a deficit of knowledge and understanding and leadership that does not see service as the centrepiece of what leadership is all about.

“If we can get the leadership right, we will get all other things right. This is what LEIC is doing that is commendable and very good. We must encourage and inculcate good leadership into every level of our national life.”

Obasanjo commended the International Coordinator of Priesthood Leadership Development Initiative incorporated, Prof. Olusesi Obateye, and the President of the South Africa–based Institute, Prof. Van Den Berg Edward Alfred, for recognising and encouraging some Nigerians with leadership capacities.

Earlier, the International Coordinator of the organization, Prof. Olusesi Obateye, who spoke on the theme of the conference “Responsible and responsive leadership,” lamented the dearth of good leaders, saying it remains the bane of Nigeria’s under-development for almost 64 years after Independence.

Among those honoured with doctorate awards were three former Commissioners in Ogun State, Engr. Anthony Ojeshina, Hon. Kehinde Sogunle and Hon. Dele Obadina, as well as erstwhile State Chairman of Peoples Democratic Party (PDP), Chief Joju Fadairo and a former Director, Central Bank of Nigeria, Engr. Oluwatoyin Jokosenumi.

https://www.channelstv.com/2024/08/18/nigeria-remains-backward-because-of-self-centred-leaders-obasanjo/

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Health / Re: Marijuana Smokers Prone To Head, Neck Cancers — Study by ogododo: 1:09pm On Aug 17
Nlfpmod na ring road and Ramat Park pipu dem dey warn.

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Politics / Re: Ondo, Edo, Come Out To Vote - Punch Editorial by ogododo: 8:45am On Aug 17
Bobloco:


https://punchng.com/ondo-edo-come-out-to-vote/

Edo pipu, know waiting dem want. No be Oshio stooge. Edo no be Lagos

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