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Politics / Re: Nigerians Hungry, You Can’t Stop August 1 Protest – Primate Ayodele To Tinubu by Omooba77: 11:51am
Nlfpmod, is this man a prophet.....
Politics / Nigerians Hungry, You Can’t Stop August 1 Protest – Primate Ayodele To Tinubu by Omooba77: 11:00am
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, on Thursday, cautioned President Bola Tinubu not to stop the upcoming August 1 protest against hardship in the country.

Primate Ayodele said Nigerians are very bitter and have formed hatred toward the present government due to the hardship in the country.

In a statement by his Media Aide, Oluwatosin Osho, Ayodele said the protest will hold but the government should work on mitigating the effects by reducing the prices of essential commodities like food, fuel, electricity, etc.

The clergy explained that the current hardship is affecting the poor and rich because many didn’t expect it to get to this level even though he warned them before voting in another APC government.

He urged the president to discard those deceiving him that the economic situation of the country is getting better.

According to Ayodele, ‘’People are very bitter and they have hatred towards this government. Some states will participate and some will not but definitely there will be protests. The government needs all it needs to do; crash the price of food, electricity, petroleum, find solutions to insecurity, regulate prices and others to mitigate the effect of the protest.

‘’People are in serious hardship but the government doesn’t understand, they need to do something fast because it will be more than an ordinary protest. Nigeria doesn’t need this protest now because there is ‘protest inside protest’ due to pains, hardship, and hunger.

‘’This government is just assumption-based; it is not a realistic one so it’s difficult to connect with people or understand their pains. The government must adjust, it’s very simple to stop this protest by doing all that is needed. It will be a protest of hunger, pains and reward.

‘’The government is affecting the rich and poor, there is hardship everywhere but people didn’t expect this. People who surround the government are deceiving him. They want the government to collapse. The government has not done anything so they should expect the protest, it will stand. ‘’

‘’Nigeria deserves better welfare despite the increment in minimum wage, it’s not an achievement but let this government go after a better achievement that the people will be grateful for.’’


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Politics / Re: Abuja Property Revocation: Abacha’s Family Drags Tinubu, Wike To Appeal Court by Omooba77: 7:26pm On Jul 24
Life, when Abacha was defacto President, but it shows power is transient....., Nlfpmod.......


Politics / Abuja Property Revocation: Abacha’s Family Drags Tinubu, Wike To Appeal Court by Omooba77: 5:43pm On Jul 24
The Family of the late military Head of State, General Sani Abacha, has lodged an 11-grounds of appeal against President Bola Tinubu and the Minister of the Federal Capital Territory, Nyesom Wike, following the revocation of their property situated within the Maitama highbrow district of Abuja.

In the appeal they filed before the Abuja Division of the Court of Appeal, the family, represented by wife of the late military leader, Hajia Maryam Abacha and her eldest surviving son, Mohammed, applied for the property to be returned to them.

They contended that the Certificate of Occupancy of the property marked FCT/ABUKN 2478, covering plot 3119 and issued on June 25, 1993, was unlawfully revoked by the Respondents and handed over to a company, Salamed Ventures Limited.

Aside from President Tinubu and Mr. Wike, the Federal Capital Territory Development Authority, FCDA, was also cited as a Respondent in the matter.

Specifically, the Abacha family, through their team of lawyers led by Dr. R. O. Atabo, SAN, is praying the appellate court to set aside the judgement of the Federal High Court in Abuja delivered on July 19, which stripped them of the ownership of the property.

They maintained that trial Justice Peter Lifu erred in law when he held that their claim to the property was previously dismissed by both High Court of the Federal Capital Territory, FCT, and the Court of Appeal in 2009 and 2015, respectively.

The Appellants argued that the two courts merely struck out the case on the premise that the FCT High Court lacked the requisite jurisdiction to entertain it.

It is the contention of the Appellants that contrary to the position of trial Justice Lifu, the appellate court, stressed that only the Federal High Court has the jurisdiction to determine the matter.

They further alleged that though Justice Lifu had on his own, raised the issue that they were bereft of the locus standi (legal right) to file the case, he, however, failed to give the parties the opportunity to address the court on the matter.

More so, they faulted the trial court for declaring that their suit had become statute barred, insisting that whereas the appellate court gave its previous judgement on May 18, 2015, they filed the instant case on May 25, 2015.

They also faulted the Judge for erring in law when he recognised Salamed Ventures limited as 4th respondent who derived title to their property in dispute during the pendency of their case between the FCT Minister and the FCDA.

According to them, a party to a proceeding cannot transfer title to a 3rd party during the pendency of an action, adding that the 1st – 3rd Respondents purportedly sold the property in dispute to the 4th Respondent during the proceedings of their suit which commenced on March 1, 2006.

“The Certificate of Occupancy upon which the 4th Respondent claims title was issued to it by the 1st – 3rd Respondents on the 25th day of May, 2011 during the pendency of Appellants’ appeal to the Court of Appeal with appeal No: CA/A/197/2010.

“By Section 6 of the 1999 Constitution, judicial powers are vested in our Courts and it is the duty of Courts to determine dispute between individuals and government or government agencies. Where a party to a proceeding transfers title to property in a dispute, such attitude is an affront on the authority of our Courts and same will not be condoned..

“The trial Judge of the lower court erred in Law when he held that the revocation of the Appellants title to plot 3119 Maitama, Abuja, was valid even when the purported revocation was not carried out in accordance with Section 28 of the Land

“The learned trial Judge erred in Law when he held that the Appellants action is not for the recovery of land and payment of compensation contrary to the endorsement on the Appellants claim before the Court.

“The Appellants action questioned the validity of the 1st – 3rd Respondents action to revoke the title to plot 3119 Maitama, Abuja under a non-existent law and without payment of compensation.

“The learned trial Judge of the lower court erred in Law when he awarded cost of N500,000.00 in favour of the 4th Respondent who is neither a proper party nor necessary party before the Court.

“Section 28 of the Land Use Act LFN 2004 stipulates conditions under which a property of a citizen of Nigeria can be revoked among which is for outriding public interest.

“The 4th respondent is a Private Limited Liability Company incorporated under the Companies and Allied Matters Act 2020 and was incorporated for the purpose of making profit; and therefore not for overriding public interest.

“The revocation of the Appellants title to plot 3119 Maitama, Abuja and the subsequent sale to the 4th respondent during the pendency of a proceedings in Court is in violation of the extant law.

“The Appellants have no claim against the 4th respondent from the Originating Summons.
The 4th Respondent decided to join the action of the Appellants even when the Appellants have no claim against her.

“The Appellants pray the Court of Appeal to allow the appeal, set aside the judgment of the Lower court delivered on the 19th day of July, 2024 by Justice Peter Lifu.”

Alternatively, they prayed the appellate court to invoke section 15 of its Act, to hear and determine their case as a court of first instance.

Meanwhile, no date has been fixed for the matter to be heard.

It will be recalled that Justice Lifu had in his judgement, dismissed the case on the premise that it had become statute barred as at the time it was filed in 2015.

He further held that going by the documents before the court, the plaintiffs, lacked the locus standi (legal right) to maintain the action.

The plaintiffs, in their statement of claim, told the court that the then Minister of the FCT, Mallam Nasir El-Rufai, had instructed them to submit the Certificate of Occupancy in their possession for re-certification.

They claimed that the 2nd plaintiff, Mohammed, promptly complied with the directive by delivering the Certificate of Occupancy to the FCDA with the acknowledgement copy issued to him.

According to them, while they waited for the new Certificate of Occupancy to be issued to them, Mohammed, received a letter notifying them that the Certificate of Occupancy had been revoked without any reason adduced in the letter that conveyed the information.

The plaintiffs argued that no compensation was offered to them as required by the law.

Therefore, they prayed the court to declare as unconstitutional, unlawful, illegal, null and void and of no effect, the purported revocation of the property.

More so, they prayed the court to hold that their original Certificate of Occupancy was valid and subsisting since it was revoked without reason or payment of adequate compensation.

They equally sought an order of injunction prohibiting the defendants from taking any further step on the disputed revocation, as well as the award of N500million to them as damages to be paid by the defendants.

However, all the defendants urged the court to dismiss the suit for want of merit.

Deciding the matter last Monday, Justice Lifu, noted that the cause of action in the matter arose on February 3, 2006, when the Certificate of Occupancy was revoked, while the suit was filed in May 2015, about nine years after the revocation.

He stressed that the litigants ought to have approached the court within three months after the cause of action arose.

Justice Lifu also agreed with the 4th Defendant, Salamed Ventures Ltd, that the Abacha property was lawfully revoked having breached agreements in the Right of Occupancy by erecting structures without first obtaining building plans.

Aside from dismissing the case, the court ordered the Abacha family to pay Salamed Ventures the sum of N500, 000 to cover the cost of the litigation.


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Politics / Tinubu seeks amendment of Police Act Over IGP’s Tenure by Omooba77: 2:00pm On Jul 23
President Bola Ahmed Tinubu has sent an executive bill to the House of Representatives, seeking amendment of the Nigeria Police Act in accordance with section 58 of the 1999 Constitution as amended.

The amendment seeks to alter the Police Act in relation to the appointment and tenure of office of the Inspector General of Police (IGP).

The bill seeks to amend the Nigeria Police Act, 2020 (“Principal Act”) to enable the person appointed as IGP to remain in office until the end of term stipulated in the letter of appointment.

The bill seeks that Section 18 of the Principal Act is amended by adding a new subsection (8A) – “(8A) Notwithstanding the provisions of sub-section (cool of this section, any person appointed to the office of Inspector-General of Police shall remain in office until the end of the term stipulated in the letter of appointment in line with the provisions of Section 7(6) of this Act”.

While reading the correspondence at plenary, Tajudeen Abbas, the speaker, said, “Here is another executive bill. The message reads as follows: “Transmission of Nigeria Police Act Amended Bill 2024.

“Function .to section 58 sub section 2 of the federal constitution of Nigeria as amended I forward here the above bill for consideration and passage by the house of Representatives.

“The Nigeria Police Amended bill 2024 seeks to amend the Nigeria Police Act 2020 with respect to appointment and tenure of the Inspector General of Police and related matters. While hoping that the House of Representatives Will consider this submission in its usual expeditious manner, please accept, RT Honorable Speaker, the assurances of my highest consideration.”

The bill has been passed for a second reading and sent to the Committee on the Whole.

Currently, the Act says that an officer considered for the position of Inspector General of Police must have at least four years in service.

However, the president did not take that into consideration in the appointment of Kayode Egbetokun, current IGP who is due for retirement in a few months.


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Politics / Re: NLC Asks Tinubu To Invite Leaders Of Planned Protest, Address Grievances by Omooba77: 11:55pm On Jul 22
Politics / Re: NLC Asks Tinubu To Invite Leaders Of Planned Protest, Address Grievances by Omooba77: 11:26pm On Jul 22
Keep your stupid suggestion in your pocket, Jagaban will never negotiate with Obidient anarchists, they will be met with greater force. Ajaero shouldn't put send a wrong signal, putting himself in trouble as one of the sponsors of the anarchists.

-Kiss the truth!
Nlfpmod, one of the enemies of progress....

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Politics / NLC Asks Tinubu To Invite Leaders Of Planned Protest, Address Grievances by Omooba77: 7:56pm On Jul 22
The Nigeria Labour Congress (NLC) has called on President Bola Tinubu to invite the leaders of a planned nationwide protest over hardship in the country, asking him to also address the challenges facing the citizens.

“As the date for the widely reported national protest looms, the Nigeria Labour Congress urges President Bola Ahmed Tinubu to invite the leadership of the protest movement for discussions on their grievances,” the NLC said in a Monday statement by its president Joe Ajaero.

The NLC chief said with inflation hitting 34.19 per cent coupled with the hike in food and electricity tariffs among others, there is a need for President Tinubu to address these challenges.

“It is, therefore, condescending and dismissive to describe the daily brutish ordeal that Nigerians are going through as a sponsored political dissent. Even if it is so, it is still within the confines of citizens’ rights to protest on political grounds. Just that the current unease in the country does not need political motivation to spark and splurge,” [/b]Ajaero said.

[b]“All that the hurting citizens demand from their government is a listening ear and an empathetic heart. Maybe, that is what the organisers of the protest are looking for given their continued notices on different social media platforms.”

‘Dire Times’
It faulted what it described as the “hostility” of the Nigerian government toward the planned protest, saying it does not “offer any tangible remedy either to the pain endured by the populace or the frustrations of having so little in a country where a few privileged persons are living in obscene luxury, especially at the expense of the majority. These are dire times. Nigerians are angry”.

“The times require the government to ‘jaw-jaw’ and not ‘war war’ with Nigerians. The truth is that you cannot smack a child and at the same time ask the child not to cry,” he said.



Politics / Re: Tinubu’s Policies Not Friendly, Causing Nigerians Hardship – Primate Ayodele by Omooba77: 10:29pm On Jul 21
Nigeria has never been this bad, so much hunger and hardship like never before........


Politics / Tinubu’s Policies Not Friendly, Causing Nigerians Hardship – Primate Ayodele by Omooba77: 5:10pm On Jul 21
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has disclosed that the policies of President Bola Ahmed Tinubu’s administration are not friendly and fueling more economic hardship.

Primate Ayodele stated that the current government would have been the best if they listened to advice but the policies formulated so far have not been helpful to the country and her citizens.

In a statement signed by his Media Aide, Oluwatosin Osho, Ayodele said the decisions of Tinubu’s government have further destroyed the country and will likely bring more hardship and pain.

’Tinubu’s government would have been the best if they listened to advice. The government is formulating policies that have bad intentions because they are not friendly. Sending money and rice to people will further destroy the economy.

“The tax policy is not helping the country at all. There is so much wrong in the government that is yet to be explained, if care isn’t taken, this is how they will destroy the country and people will be facing more hardship and pains.’’

He advised the President to avoid being deceived by those celebrating his government because citizens are yet to experience a better economic situation where they can afford basic needs.

Ayodele said the country has resources that can help curb hardship but they are not being put to use. He urged the president to adjust his policies to become friendly.

‘’Things are not palatable; Tinubu shouldn’t be deceived by those celebrating his government. The economic policy should be adjusted and let them put things in place because people are not happy. We have resources that can help curb economic hardship but we are not using them.’’

Furthermore, Primate Ayodele mentioned that his prophecies are not to abuse the government or speak against them but to put them to work and speak truth to power.

’My prophecy isn’t to abuse the government or create panic but to put the government on their toes and whether they are fake or not, time will tell. The government needs to do something urgently, Tinubu should not be deceived. Economic hardship causes corruption and encourages insecurity.’’


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Religion / Re: RCCG 72nd Annual Convention: Heaven - 5th-11th August, 2024 by Omooba77: 5:08pm On Jul 21

APC business centre
RCCG has been even before many APC characters were born..... It is of God....
Religion / RCCG 72nd Annual Convention: Heaven - 5th-11th August, 2024 by Omooba77: 8:07am On Jul 21
RCCG 72nd Annual Convention; Heaven; 5-11th August, 2024

24 Likes 4 Shares

Politics / Re: Controversy As Nigerian Petrol Company, NNPCL 2022 Audited Report Shows It Paid by Omooba77: 7:46pm On Jul 20
Politics / Re: Controversy As Nigerian Petrol Company, NNPCL 2022 Audited Report Shows It Paid by Omooba77: 5:16pm On Jul 20
COMRADES, that money has been diverted, the level of corruption under the leadership of Tinubu is something else
To where....
Politics / Re: Controversy As Nigerian Petrol Company, NNPCL 2022 Audited Report Shows It Paid by Omooba77: 4:14pm On Jul 20
Isn't this what we want

Periodical auditing and review of Audited report to show lapse and discrepancies in final records/claims and to reconcile it all

Why Dangote com talk that one wey hin talk shocked
Nlfpmod, how can a nation be this bad and corrupt.....
Where is the remaining 12.8% if Dangote is claiming 7.2%.....
Politics / Re: Controversy As Nigerian Petrol Company, NNPCL 2022 Audited Report Shows It Paid by Omooba77: 3:55pm On Jul 20
Corruption fighting back......
Politics / Controversy As Nigerian Petrol Company, NNPCL 2022 Audited Report Shows It Paid by Omooba77: 3:28pm On Jul 20
The revelation came despite Dangote's denial that the what the corporation paid was only 7.2%.

The Nigerian National Petroleum Corporation Limited (NNPCL) Audited Report for 2022 has shown it paid for 20% shares in the Dangote Refinery.

The revelation came despite Dangote's denial that the what the corporation paid was only 7.2%.

A report by Afrisagacity shared on X handle analysed that under President Muhammadu Buhari’s regime, the NNPC committed to invest $2.7bn and buy 20% shares in the Dangote Refinery.

According to the report, in January, the NNPC, after intense pressure, released its Audited Financial Report for 2022. In the report, they stated that they purchased 20% shares in the Dangote Refinery for $2.7billion.

They claimed to have obtained $1.036 billion (as part of the funding) from Lekki Refinery Funding Limited. $1 billion was paid to Dangote Refinery - which is about 37% of $2.7 billion they claimed to have invested.

Of course, the remaining amount of $36 million was for just transaction costs.
Tinubu took over from Buhari and, in December, he set up a new NNPC Board, where he made his longtime friend and ally, Pius Akinyelure the NNPC Board Chairman and reappointed Malam Mele Kyari as NNPC Group CEO.
In a sudden turn, the NNPC that had committed to buy 20% shares, backed down. Dangote had given them an extension period (till June) to complete the $2.7 billion for the shares. But they couldn’t.

Meanwhile, the public still believed that they had a 20% shares in the Dangote Refinery - not until Sunday, when Dangote himself, revealed that the NNPC had invested only 7.2%.

Shortly after Dangote broke the news, the NNPC rushed to react. In its defence, it said “NNPC Limited periodically assesses its investment portfolio to ensure alignment with the company’s strategic goals.”

"One, what exactly are the NNPC “strategic goals?” They say it’s “to ensure access to affordable, reliable, sustainable and modern energy for all”.

"How and when did the NNPC 20% equity investment in the Dangote Refinery go against its “strategic goals” as highlighted above?

"Two, in its statement, the NNPC validated what Dangote said that they invested only 7% of the $2.7 billion they initially committed to pay.

"This sharply contrasts and invalidates their claim of paying $1 billion to Dangote Refinery (for the shares) in 2022 - which is about 37%.

"So, if the NNPC confirmed that they had paid $1 billion to Dangote Refinery - which is about 37% - how did they come about the 7%?

"Also, where is the balance? Did Dangote Refinery refund it?

"Three, why exactly did the NNPC back down on their initial commitment of investing 20% on the Dangote Refinery shares?

"Is it truly true that they realigned their “investment portfolio, according to their strategic goals” or is it a grand plan that’s wrapped in a scam deal?" the report queried.

Politics / Re: TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Omooba77: 8:03pm On Jul 19
Hope EKEDC too will be added.......


Politics / TCN To Remove AEDC From The Grid For ‘Violating’ Market Rule by Omooba77: 7:01pm On Jul 19
The Transmission Company of Nigeria (TCN) has issued a suspension notice to Abuja Electricity Distribution Company (AEDC) over alleged non-compliance with provisions of the market rules and failure to provide the Market Operator (MO) with an adequate Bank Guarantee in line with Section 15.3.3 of the MO.

It said the disconnection from national grid would occur on July 28 at the 33Kv Feeder from 132/33Kv Katampe 1 Transmission Station and 33Kv Feeder 3 from 132/33Kv Central Area Transmission Station.

In an advert placement on national dailies, signed by Ali Bukar Ahmad, the TCN said it had previously notified AEDC in writing of its default of the Market Rules via “request for fulfilment of Prudential Requirement dated 13/Feb/2024. Notice of Event of Default: Non-fulfilment of Prudential Requirement dated 22/Mar/2024 and notice of Intent to Issue a Suspension Order: non provisions of Adequate Bank Guarantee dated 8/Apr/2024.”

It stated that the notices requested that corrective actions be taken within specified period to avoid the default.

“In spite of all notifications, AEDC failed to cure this default. In view of this non-compliance, AEDC is hereby suspended from the MO Administered Electricity Market. No new contract or agreement shall be entered into with AEDC within the suspension period.”

It stated that to rectify the situation, AEDC must provide an adequate bank guarantee within five business days from the date of the notice.

“If after the five days this default is not cured, AEDC’s network may be partially or totally disconnected from the grid in line with Section 45 of the Market Rules. Furthermore, after 30 business days of the disconnection from the grid and the default is not cured, the Market Operator will terminate AEDC’s Market participation agreement.”

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Politics / Re: Hardship: Life Now Unbearable For Nigerians – Arewa Groups Lament by Omooba77: 7:00am On Jul 17
When we make choice based on tribes......


Politics / Re: Hardship: Life Now Unbearable For Nigerians – Arewa Groups Lament by Omooba77: 10:36pm On Jul 16

Egbon, aku Nigeria sir. Nlfpmod, everywhere is tight. grin grin grin grin
Olorun ayoo wa.....


Politics / Re: Hardship: Life Now Unbearable For Nigerians – Arewa Groups Lament by Omooba77: 9:53pm On Jul 16

Muslim-Muslim is good, the suffering is bawasha, beyond reasoning. It is good God is teaching us valuable lessons. Tinubu is overhyped. We told you, a man you can't vouch is educational qualification, but we were told, he worked in Mobil. grin grin grin grin cry cry cry
Broda mi, it is well oo.......


Politics / Hardship: Life Now Unbearable For Nigerians – Arewa Groups Lament by Omooba77: 7:49pm On Jul 16
The Arewa Youth Consultative Forum (AYCF) and the National Consultative Forum (NSCF) have said that the deteriorating state of affairs in Nigeria was of serious concern, as the prevailing harsh living conditions have reached a critical juncture, leading to escalating frustration and anger among the populace.

The time for action is now; failure to act could result in an uncontrollable scenario of public outrage,” AYCF warned.

In separate statements issued by the President General of the AYCF Yerima Shettima and that of NSCF, Comrade Danjuma Paul, the groups said the mounting resentment within the population has reached an alarming point, with the likelihood of imminent mass protests becoming more pronounced.

“The youth, in particular, are experiencing a profound sense of disillusionment and disenfranchisement, which has eroded their hopes for a better future,” said the group’s.

Yerima Shettima of the AYCF stated that widespread poverty, rampant unemployment, lack of basic amenities, and rising insecurity were cultivating an environment ripe for unrest.

The economic situation is dire, with Nigerian citizens grappling to make ends meet as the cost of living continues an upward trajectory. Unemployment rates have surged to record levels, businesses are collapsing, and the purchasing power of the average citizen is diminishing at an alarming rate.”

“The lack of basic services such as electricity, clean water, and healthcare is exacerbating the plight of the people, further contributing to the growing discontent.There is a palpable sense of marginalization and neglect, leading to a collective sense of betrayal towards the government. Should this tension go unchecked, that could give rise to widespread protests, potentially escalating into uncontrollable unrest,” Yerima predicted.

Yerima implored the youth to abstain from violent protests or action that could further aggravate the situation, adding that violence will only breed further destruction and loss of life, without effectively addressing the root causes of their grievances.

“We advocate for channeling frustrations and grievances through peaceful and constructive means of engagement that can foster positive change. It is imperative that the youth of Nigeria refrain from participating in protests or demonstrations that could disrupt the nation’s stability.”

“Violence and chaos will only deepen our crises and harm our society. Instead, we must harness our energies towards constructive dialogue and engagement with the government to seek sustainable solutions,” he stated.

He urged the government to take immediate action to alleviate the brewing tension and avert impending public unrest, stressing that “the authorities must prioritize the welfare of the citizens, working diligently to improve living conditions for all Nigerians.”

”This includes the creation of job opportunities, enhancement of social welfare programs, and provision of essential services to the needy.There is an urgent need for comprehensive reforms across economic, social, and security sectors to foster an environment conducive to growth, development, and prosperity. The government must respond to the needs and concerns of the people, engaging with sincerity, empathy, and a clear commitment to addressing national challenges.”

“The time for action is now; failure to act could result in an uncontrollable scenario of public outrage.We urge all Nigerians to maintain calm and composure amidst these adversities. Let us, as a nation, unite to address the challenges we face, and work towards building a better future for current and future generations. Together, we can overcome these hardships and create a more prosperous and equitable society for all,” he stated.

Comrade Danjuma on his part, called on the government to prioritize the welfare and security of all Nigerians and to work towards creating a conducive environment for economic growth and development.

“The people deserve to live in peace and dignity, and it is the responsibility of the government to ensure that this is possible” he added.



Sports / Re: Gareth Southgate QUITS as England manager after Euro 2024 exit by Omooba77: 11:36am On Jul 16
Wow!!! Finally.

Honl, Great1000.....
Nlfpmod......Great service, but can't go beyond second......
Sports / Gareth Southgate QUITS as England manager after Euro 2024 exit by Omooba77: 11:18am On Jul 16
GARETH SOUTHGATE has QUIT as England manager after the Euro 2024 final.

The coach leaves the role after eight years in charge of the national team despite his contract running out in December.


Politics / $1.8 Billion Fuel Stolen From Refineries From 2009 To 2020 — NEITI by Omooba77: 8:43am On Jul 16
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Dr Ogbonnaya Orji, has disclosed that the country lost $1.84bn worth of petroleum products from refineries in nine years.

Orji stated this on Monday at the opening ceremony of the 2024 NEITI board retreat/meeting in Lagos.

According to him, 4.2 billion litres of petroleum products were lost from the refineries as a result of oil theft between 2009 and 2018. This was estimated at 140,000 barrels per day.

Baffled by the increasing rate of oil theft, the NEITI boss said, “Figures contained in our 2009 to 2020 audits have put Nigeria’s losses to crude oil theft over a 12-year period at 619.7 million barrels valued at $46.16bn or N16.25tn. Similarly, between 2009 and 2018, the country also lost 4.2 billion litres of petroleum products from refineries valued at $1.84 billion.”

House Of Reps To Investigate Crude Oil Theft
He added that these losses and their attendant negative effects on the economy made the previous administration constitute a special panel on oil theft/losses to study the situation.

Orji hinted that NEITI did a report and made recommendations on the ways to stop oil theft in Nigeria, urging the current administration to look into the report and implement the recommendations.

He emphasised that the five-day retreat was an opportunity to discuss ideas on ways to deal with the current challenges of oil theft, illegal mining, pipeline and other governance challenges that have contributed to the loss of revenues and investment opportunities.

On energy transition, the executive secretary expressed worries that the nation’s economy is being threatened by the global shift from fossil fuels to renewable energy as the demand for oil declines.

Orji noted that the global transition from fossil fuels to renewable energy sources poses significant risks to countries that depend heavily on hydrocarbon-based natural resource revenues for survival.

“Our country, Nigeria is heavily dependent on oil revenues for survival. It is within the ambit of this board to support our government and citizens with timely policy decisions and strategies to deal with this unavoidable unfolding development in the extractive sector.

“The fear of the known risks in most of the affected countries far outweighs the potential unknown opportunities except we utilise the immense opportunities within the Extractive Industries Transparency Initiative, its global network and multi-stakeholder framework to search for solutions.

“At current dependency levels, Nigeria already faces significant threats to its economy from the prospect of a permanent decline in global demand for crude oil. The demand for our oil keeps going down daily,” he remarked.

He declared that given the fiscal problems Nigeria has experienced from short-term disruptions in crude oil and gas output, the much longer-term and permanent decline in demand would have a far-reaching impact on the country’s economy.

Orji added, “While the transition from carbon-based fuel will have a significant long-term impact on Nigeria’s revenue and exports, the transition would also have other impacts on the economy. A direct consequence of the transition would be the loss of fossil fuel as a source of energy.

“In 2021, crude oil and gas accounted for 46 per cent of energy use and 78 per cent of electricity generation in Nigeria. The transition would therefore require significant financial investment for the country to generate renewable energy to replace energy previously generated from carbon fuels. This financing (and technological) burden is in addition to the equally significant amount of money that is required to close Nigeria’s current energy supply gap,” he explained.

Sanwo-Olu reacts

On his part, the Governor of Lagos State, Babajide Sanwo-Olu, said for Nigeria to fully harness its abundant natural resources, there is an urgent need to re-examine the existing laws that vest control over oil and other mineral resources in the Federal Government as well as the exploitation of mineral resources in the country.

Sanwo-Olu, who was represented by the Lagos State Commissioner for Energy, Biodun Ogunleye, stated, “The need for review of these laws has become very urgent if the Federal Government’s policy on Ease of Doing Business is to succeed especially at the sub-national levels. The review is also important to promote investments in the extractive industry and diversify our nation’s economy.

“To this end, the Federal Government and its agencies need to engage more with the private sector and sub-national governments in the development of our natural resources. The areas of engagement include solid minerals development, host community programmes, environmental sustainability, energy efficiency, domestic resource mobilisation and poverty reduction initiatives which are at the centre of realising the impacts of the global extractive industries transparency initiative in resource-rich countries like Nigeria.”


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Politics / Tinubu Reverses Adekanmbi’s Appointment As HYREP Coordinator, Reinstates Zabbey by Omooba77: 1:35pm On Jul 15
President Bola Tinubu has reinstated Professor Nenibarini Zabbey as the Project Coordinator of the Hydrocarbon Pollution Remediation Project.

The President’s Special Adviser on Media and Publicity, Ajuri Ngelale, announced Zabbey’s reinstatement in a statement on Monday titled ‘President Tinubu reinstates professor Nenibarini Zabbey, as HYREP coordinator.’

Monday’s development comes two days after Tinubu approved the appointment of Dr Olufemi Adekanmbi, a former Commissioner for Special Duties, Culture and Tourism in Ondo State, as the new Project Coordinator for the Hydrocarbon Pollution Remediation Project.

Explaining the reason for the reversal, the Presidency said Tinubu “Reached the decision following a performance review of the HYPREP Project Coordinator and concluded that the Project Coordinator is fit to discharge his functions by the regulations guiding the execution of the Hydrocarbon Pollution Remediation Project.”

Zabbey was first appointed HYPREP Coordinator in May 2023 by former President Muhammadu Buhari, succeeding Dr. Giadom Dumbari.

A post by the Presidency, @NGRPresident, announced the change in leadership saying, “President @MBuhari has approved the termination of the appointment of the @HYPREPNigeria Project Coordinator, Dr. Ferdinand Giadom, and the appointment of Prof. Nanibarini Zabbey as the new Project Coordinator, with immediate effect.”

According to Ngelale, “By the directive of the President, the reinstatement of the HYPREP Project Coordinator takes immediate effect.”



Politics / Naira Depreciation Escalates Manufactured Goods Imports 139% To N5.74trn by Omooba77: 11:35am On Jul 15
The importation of manufactured goods into Nigeria surged astronomically by 139 per cent, year-on-year (YoY), to N5.4 trillion in the first quarter of 2024 (Q1’24) from N2.40 trillion in the corresponding period of 2023 (Q1’23).

Stakeholders have attributed the development to the depreciation of the Naira and the competitive disadvantage of locally produced goods occasioned by the binding constraints confronting the manufacturing sector in the country.

Data obtained from the National Bureau of Statistics (NBS) Foreign Trade in Goods report for Q1’24 shows that the value of manufactured goods imported into the country has been on a quarterly upward trend from the beginning of 2023.

For instance, imported manufactured goods amounted to N2.40 trillion in Q1’23, rising to N3.02 trillion in Q2’23; N3.96 trillion in Q3’23; N3.97 trillion in Q4’23; and N5.74 trillion in Q1’24.

The rising trend continued every month in Q1’24 with imports at N1.60 trillion in January; N1.79 trillion in February; and N2.35 trillion in March 2024.

According to NBS, the value of manufactured goods traded in Q1’24 stood at N6.01 trillion, with N5.74 trillion imports representing 95.5 per cent while the exports component amounted to N268.70 billion, or 4.5 per cent.

Manufactured goods mainly imported were ‘Machines for reception, conversion and transmission of voice, images or data’ from China and the United States valued at N95.34 billion, and N34.00 billion, respectively. This was followed by ‘Heat exchange units’ imported from the United States valued at N91.29 billion.

Other goods imported in this category were ‘Motorcycles and cycles fitted with an auxiliary motor, petrol fuel, capacity >50<250cc, CKD’ from India with N73.59 billion and ‘Other Herbicides, anti sprouting products and plantar’ from China with N97.89 billion.

The President of the Manufacturers Association of Nigeria (MAN), Francis Meshioye, attributed the development to the inability of the country’s manufacturers to compete with their international counterparts due to factors bordering on high production costs.

He stated: “Nigerian manufacturers are saddled with high production costs, which ultimately push up the prices of manufactured goods.

“All these things are based on competitive advantages. The export base should be good enough to support the floating exchange rate, but we need to have a good economic base to do that.

“The government should look at why manufacturers cannot export as expected.”

Also commenting, the Director of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, said the rise in import figures is mainly due to the naira devaluation.

“I think it is because of the naira depreciation. If you are importing something that was $1 million when the exchange rate was N450 per dollar, now you are importing products worth $1 million, and the exchange rate is N1,500 per dollar,” he stated.


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Sports / Re: Spain vs England 14 July 14, 2024 8pm by Omooba77: 1:11pm On Jul 14
Let the best team win......
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Where is the location of Heaven?

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