Is he saying due to the disconnect some government officials are funding the insecurities happening in FCT. Lives have been wasted here, what rubbish! Playing chess with human lives. If you guys don't like Wike then deal with him directly na, nobody even likes Wike in the whole federation. APC such a devilish party tueh! *Spits*
Sen. Kingibe: I even took it up at the highest echelon of Government because I know that these things are really happening. I have lived in the FCT since 1988 and I can see how insecure it's become but there are certain issues we need to address.
Part of the problem I must say is that there is a big disconnect between the Minister of the FCT and elected officials. I will be specific, the House of Reps member and myself.
The truth of the matter is that the Minister is new to the territory. We are the ones that have historical knowledge of the whole area and it is imperative we work together. If we don't work together, that's what exactly is happening.
Seun Okin (cuts in): Does the Minister of the FCT listen to you, as the political representative elected by the people?
Sen. Kingibe: I have never met the Minister until he came for appropriation. I have reached out to him several times. The Minister for some reason thinks Senator Aduda (ex-Senator of the FCT) is still the Senator, unfortunately that's not the case.
I have written him one or two letters, I have Whatsapp messages sent to him, and I didn't get a response.
Sen Kingibe: I thank the Security Agencies for doing something when we started to scream but the truth is that a little bit earlier I tried to draw their attention and I was told that it was exaggerated.
Seun Okin: How do you plan to defend the people of the FCT whom your represent at the NASS?
Sen. Kingibe: I am only a Senator but it is the job of Wike, the FCT minister, but as far as he's concerned, they're no elected reps of the FCT. That's the issue. But we'll invite him when the NASS resumes to tell us his plans for protecting the FCT. Whether or not he responds is a different matter entirely.
It's gas explosion, there are casualties with videos shared on line
Adenex3051: We just felt a major land tremor in several parts of Ibadan Oyo state about 30-40 minutes ago resulting in louvers and glass ware breakages. A friend has his flat screen TV fall but thankfully the screen remained intact. Was this tremor felt in any neighbouring states or other part of the country?
Fiscus105: I heard you, even the one you don't say, infact, tell us TB Joshua was cannibal.
What I know is that, TB Joshua has come and gone and he impacted positively to humanity far far more than his shortcomings.
And for the daughter, I'm expecting you to make ur own impacts on humanity too, and not trying to be popular base on character assassination of a man, whom you claimed to be ur own biological father.
One thing is certain, by next two weeks now, media would stop all their wahala" but the daughter who claimed his father did 'this and that', would be hunted by her self confession for life.
So after my sister insisted that she would not go to the hospital to avoid amputation, we decided to respect her choice and allow her continue with the traditional medicine. This is the state of her leg two years later.
All of una wey vote APC, thunder fire una nyarshes
Hadeylex: The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed again over the removal of subsidy on petrol.
This came against the backdrop of the depreciation of the naira against the United States dollar at both the official Investors & Exporters Window and the parallel market.
On Tuesday, the local currency closed at 998/dollar at the official market, while it traded at 1,225/dollar at the black market.
On the back of the falling naira rate, economists and oil marketers said PMS subsidy was increasing in recent times, but the NNPC quickly countered these positions and declared that it was recovering its full cost on the importation of Premium Motor Spirit, popularly called petrol, countering the positions of
The Chief Executive Officer, Financial Derivatives Company, Bismarck Rewane, had during a live television programme on ChannelsTV on Sunday, explained that fuel subsidy was not removed but reduced.
Similarly, oil marketers told our correspondent on Tuesday that subsidy on petrol was increasing considering the crash of the naira against the United States dollar and the cost of crude oil, stressing that PMS should sell for N1,200/litre in a free market.
Petrol, which is solely imported into Nigeria by the NNPCL, currently sells for between N617/litre to N660/litre, depending on the location of purchase in Nigeria.
Also speaking on the matter, the Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, said there was partial subsidy on petrol, but noted that the commodity was subsidised by the government for political, social and economic reasons.
Full cost recovery
But when contacted, the Chief Corporate Communications Officer, NNPCL, Olufemi Soneye, described the positions of economists and marketers as assumptions, and insisted that the Federal Government had stopped subsidy on petrol.
President Bola Tinubu had during his inaugural speech on May 29, 2023, declared that subsidy on petrol was gone, a declaration that was effectively implemented the next day by NNPCL.
Before Tinubu’s declaration, the pump price of petrol was below N190/litre, but it jumped to over N500/litre after the President’s statement, and moved up again to over N600/litre a few weeks later.
Asked to state if the NNPCL, being Nigeria’s sole importer of petrol, subsidising the commodity as posited by dealers and experts, the oil firm’s CCCO replied, “We prioritise our time on substantive matters rather than responding to assumptions.
“At NNPC Ltd, we prioritise national development through energy security and sustainable growth. We reiterate that the Nigerian government does not pay subsidy on fuel; we recover full costs from our imported products.
“As a global energy company, our focus remains on fostering a vibrant and energy-secure Nigeria.”
‘Subsidy reduced’
Rewane had earlier explained that subsidy on petrol was reduced and not removed, while featuring on a live television programme on Sunday evening, as he further highlighted the effects of the reduction in fuel subsidy and how it was affecting salary earners in Nigeria.
He said, “At the inauguration, it was said that (fuel) subsidy was gone but subsidy was actually reduced.”
Buttressing his position, he explained, “There is the convergence of exchange rates and reducing the windows into one. The consequence of that is that money has been transferred from consumers to the government.
“Subsidies are reversed taxes; if you reduce them, you increase the people’s taxes and reduce their income. What has happened is that government revenue has increased by 44 per cent between May and June (2023). Money has been transferred to the government but what is the government doing with it?
“The consumers, on the other hand, had a minimum wage, which in dollar terms was $40 in 2002. In 2019, it was about $70, but it has now been reduced to $24.”
Marketers project N1,200/litre
The National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, stated that subsidy on petrol was rising and that the cost of the commodity should be around N1,200/litre in a free market.
“To be pragmatic in this analysis let’s consider the cost of petrol today in the United States. For premium petrol, it is $2.99, while super petrol sells for $3.15 or $3.10 depending on the part of that country where you are making the purchase.
“Now, $3 in Nigeria is over N3,000, because a dollar in the parallel market is over N1,000. You can also see the cost of diesel, that is over N1,000/litre, and it is important to state that petrol is usually higher in price than diesel in a free market.
“So if you consider the cost of diesel, dollar and other international factors, the price of petrol in Nigeria should be around N1,200/litre, but the government is subsidising it, which to an extent is understandable,” he stated.
Ukadike noted that he had earlier explained that the government was implementing quasi-subsidy, and by this it means that “the Federal Government, instead of taking out the subsidy by 100 per cent, decides to take out about 50 per cent.”
The IPMAN official, however, expressed optimism again that the cost of refined petroleum products would reduce as soon as the Port Harcourt and Dangote refineries start producing the commodities.
“I also believe that there will be a reduction in the prices of petroleum products this year when you consider what the government is currently doing. The coming onboard of the Port Harcourt refinery and the supply of crude to Dangote refinery are good developments in the sector.
“Their operations will help stabilise the price of PMS and other petroleum products in Nigeria, because it will definitely cut down the importation of products,” Ukadike stated.
Social, economic reasons
The Centre for the Promotion of Private Enterprise CEO said subsidy was being retained partially because of its economic, social and political implications.
Yusuf said, “To protect the citizens from further hardship is the reason why the government seems to have applied the brakes on subsidy removal. We are all witnesses to the pain and hardship that citizens are going through.
“So when you are adopting some of these policies, especially these liberal economic policies, it comes to a point where you have to moderate your position for social reasons.
“Just as the World Bank said, if we want to leave the price fully to market forces and the liberal economic policies, the fuel price will be above N800/litre. Can any government that is sensitive to the feelings of its citizens allow that to happen?
“Even if economically that is the way to go, there must always be a human face to economics. So what the government has done is to moderate the reform, and that is why I think the government has insisted that the NNPC should still hold the price at the current level.”
Yusuf noted that the government must balance the gains and side effects of subsidy, stressing that economic hardship may worsen should subsidy be removed 100 per cent.
“All of us who were saying that they should remove the subsidy, we can see that they have partially removed it now, but look at the consequences. Economically it will sound good, but socially and politically it is very costly.
“So those in government need to balance all those considerations. They need to balance economic, political and social considerations. That is why we find ourselves in a situation where we have partial subsidies, both in petrol and electricity,” he stated.
The World Bank had stated in December that subsidy on petrol was still being implemented by the Federal Government, as it insisted that the cost of PMS should not be less than N750/litre if there was no subsidy.
Naira at N988/$
The naira closed at N988.46/$ on the first day of official trading on the Investors and Exporters Window on Tuesday.
This is an 8.97 per cent decline from the N907.11/$ it closed trading on Friday (the last day of official trading for 2023) according to data from the FMDQ Securities Exchange. This continues a worrying trend for the naira which was one of the worst performing currencies of 2023.
According to Bloomberg, the naira had one of its worst years in 2023, a title that 2024 might usurp. It noted that the national currency lost about 55 per cent of its value as of Thursday 28, 2023.
Based on Kyle Chapman, FX markets analyst at London-based Ballinger & Co, the naira was the third worst-performing global currency in 2023 due to a backlog of unsettled forwards, undelivered promises of dollar inflows, and a two-decade peak in inflation.
Chapman said, “The naira’s downward momentum is likely to continue through much of 2024, and its ultimate trajectory will depend on whether the CBN’s rhetoric transforms into concrete policy moves that drive up the flow of US dollars into Nigeria and shore up trust in the official market.
“If the CBN’s promised measures materialise and Tinubu’s government enacts structural changes to increase oil production or to drive foreign investment, there is plenty of opportunity for the naira to lift from its record lows. But a quick fix is unlikely, and further depreciation will come to counteract supply and demand imbalances.”
In its December Nigeria Development Update, the World Bank noted that naira had depreciated against the US dollar by 41 per cent in the official market and by 30 per cent in the parallel market. It noted that the naira needs increased volume to stabilise in the official market.
It said, “Further monetary policy tightening is expected to help underpin the value of the naira. However, there is also a need to increase FX supply in the market. Facilitating FX flows, especially from all exports, through the NAFEM can help provide additional volumes in the official window that can help provide stability.
“In addition, clarity on the CBN’s net reserve position, and on the CBN’s continued progress in clearing the FX backlog, would also strengthen market confidence.”...
OP can you pls tell your own mother this and then take her advice, I believe your mom will curse you if you help the useless family. I believe if that your useless neighbors mom has a boy she would push him to yahoo guys to train him for her. Be careful in that compound since you don't like minding your business and I bet you the stupid family will still continue rapouring with those criminals once they are all released.
E sure me say the young girl is a dirty girl, *spits* tueh
Rich4god: Greetings to you all... Pardon me, my write up will be long.
A little intro. About 3 months ago, we got a new tenant who packed into our compound. A family of 5, three daughters and the parent. One of the daughter is married and the father blind and stays in the village. So we have just the mother and two daughters staying in the compound. The elder daughter is around 24years and has a job that takes her out of the house, but the junior one doesn't have, she stays at hine 247 and shes about 20-22 years.
There is a guy just opposite our compound and he's group of friends. By just looking at them, you will know that they are upcoming yahoo boys but they never blow. So for me, even though as I see them everyday, I do my best to avoid them.
The main issue. Not up to 3 weeks after our neighbour packed into our compound, the younger daughter start hanging out with the guys. Almost every minute of the day, the girl and the guys will be seated right in front of the compound for hours even late into the night.
At time, they will stand right in front of our gate, of someone wants to come out of the compound, the won't shift for you. You will have to be telling them to move or you just pass by "dodging" them.
I was actually concerned about their relationship, because me I see to those boys as criminals and that girl isn't supposed to be relating with them. If say them done blow, I for understand, maybe the girl is getting some money from them, but those guys have nothing to offer. Not even meaningful advice.
One day I came back from work, they were at the front of our gate. I have to wriggle my way in as I don't want to start having any form of conversation with them. Then as I entered, I saw her mum seated in the compound and I jokingly said to her "Aren't you worried that your daughter is always standing outside with these boys"... and she said to me, "when you married your wife, was she always inside house, abi you no wan make I pikin see husband".... I just laughed it off, but I began to mind my business from that day.
Abeg o, just to collect list #20k, so how much come be the materials needed in the list?
And my woman na from Abia o
Jewessgratitud3: My younger sisters fiance went to collect list this December. So before he traveled he asked us to describe how to locate our place or who to call to take him to my father's compound..
My uncle is late but his son's came in for Christmas so we said they'd be around that he should go to them. I no longer have any of their contacts after my old phone packed up. So I couldn't help him with anyones contact. The guy just bravely entered road with the directions we gave him to my maternal grandfathers compound where my uncle ( my mother's only brother )now occupies and he got there 4 days ago and met my uncle who now directed him to my father's compound. ( My Mom and Dad are from the same village.
My uncle was able to get my contact from my sister's finance and then called me yesterday. I asked him if the guy was able to collect the list, he said Yes. He now said they gave it to him at 20k ... I say shooo.. is it not too much.. he said he doesn't know and I asked him but your daughter is married now. how much did you charge the man for the list, he now explained that the daughter married a man from our place, so they don't usually collect list fees, it's only from outsiders they collect this fees. My sister's finance is from cross River but he speaks Igbo you would think he's a full blooded Igbo guy.
The last time one of my sister's husbands collected list, it was 2k. That was around 2009. I wonder what the list would look like. Wiil update sha if I see the list.
Pls listen to me, don't break up with him. Talk to him about it on a good day when there's no game and you already understand him by now. Let him be whenever he loses try to manage the situation pls. I'm a man utd fan and I can relate, whenever I lose, I try to be by myself, sometimes I accept defeat even before the game starts just so I won't feel too bad.
FeliciaOja: How can someone lock door refuse to talk or eat his food just because of a football match?? Even threaten to throw padlock at me for disturbing him because his team lost I'm done!! Can't be dealing with a child that calls himself a man. Very childish attitude
Who else is experiencing network issues with their MTN sim, we can't make calls in the office for over 20mins now and no major fiber Back bone cuts in the Nation, cause i am also into MTN fiber maintenance unless there is a power outage in the passive maintenance affecting this.
The rate at which mobile phones prices increases in Naija these days is alarming, every minute the price of a phone increases by #1 naira at least.
I remember when Infinix Note 30pro came out in May, it was around #175k but now it is around #300k, Itel S23+ came out in September at #148k and today it is around #189k by December it will surely be #200k if not more.
Any mobile or electronical gadget you think is expensive now, just wait to see the price in the next coming month.
you just calm down write rubbish, i weep for agbadorians
9jatriot: Imagine you are an envious person and then your son and your neighbor's son wrote the same JAMB. You neighbor's son goes ahead to score 262 whereas your son scores 249. Remember you are an envious person, so rather than move on and be proud of your son's result, you start going around the neighborhood telling everyone that your neighbor's son's result is fake even when there is no evidence to prove it.
Compare PO's WAEC and degree results with the transcript of Mr Tinubu and you will find that where PO has a mediocre result, Tinubu on the other hand has a result that is made up of A's and B's with a few sprinkles of C.
PO on the hand has a 2nd class lower, but the speculation before now was that he had a pass. I can therefore speculate that since 2nd class lower has a range of 2.5-3.4 CGPA, that Obi's transcript if it were ever released will be in closer to 2.5 than it will be to 3.4.
So in order for obidients to avoid having a situation where BAT team will start claiming my candidate's result is better than your own, they would rather go to town claiming that the result that the CSU was proudly equivocal about is now fake just because they the obidient say so.
For those who do not know what a transcript is, a transcript will show all your grades all the courses you took while in the university whereas a certificate will only show the summarized version of your grades.
Ukpaka: Uncertainty, As Proposed PEPT Judgment, NLC Strike, and DSS Warning Cast Shadow Over Nigeria’s Future https://247ureports.com/2023/09/uncertainty-as-proposed-pept-judgment-nlc-strike-and-dss-warning-cast-shadow-over-nigerias-future/ - The crossroads began with a shocking turn of events, where Justice Mary Odili, a respected figure in the Nigerian judiciary, issued a statement on September 2nd, addressing the nation with a sobering message: the favored candidate of many Nigerians did not emerge victorious. The announcement sent ripples of disbelief and discontent throughout the nation.
The aftermath of Justice Odili’s statement escalated quickly. On September 3rd, the Nigeria Labour Congress (NLC) declared a 48-hour nationwide strike set to commence on Tuesday. This strike, unlike any other in recent memory, threatens to bring the country to a standstill, affecting vital sectors such as telecommunications, banking, and electricity.
Politics › Re: Lagos To Unveil Red Line Rail February by Ororocelemi(m): 11:18pm On Jan 25, 2024
