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Politics › Re: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 7:38pm On Mar 24, 2024
Putindbutt:
These newspapers report both sides but enemies like wake up every morning, looking for the negative reportings only.
Tell your daddy newspaper, The nation not to carry news again, so we will not post! Your daddy even cancelled his birthday because of too much killings and suffering!
Politics › Re: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 7:35pm On Mar 24, 2024
Putindbutt:
So, you agreed that terrorism is PDP legacy, very good.
You must be olodo to compare life then with now. APC started boko haram, terrorism! Slow poke dede!
Politics › Re: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 7:09pm On Mar 24, 2024
Putindbutt:
What type of evil thread?, you enemies of the state.
We where not kids during PDP era!
Politics › Re: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 7:07pm On Mar 24, 2024
Putindbutt:
What type of evil thread?, you enemies of the state.
Let just laugh you to scorn, is Punch, Vanguard, The Nation enemies of state for reporting real time! Mad people everywhere!
Politics › Re: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 6:59pm On Mar 24, 2024
Putindbutt:
Ogododo, treesun, iwaeda, omooba77, you will never open a thread when Army killed terrorists or when kidnapped victims are rescued. Enemies of state, you will all lose las las.
You need medical attention. When Seunmsg open evil thread, he is patrotic!
Politics › Re: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 6:15pm On Mar 24, 2024
Melagros:
COMRADES, I hate this regime of Bola Ahmed Tinubu because is too bloody
Say that again!
Politics › Boko Haram Attacks Military Base In Yobe, Kills Soldier by treesun(op): 6:13pm On Mar 24, 2024
Suspected terrorists about midnight of Saturday, March 23, attacked a military base in Gujba town, Gujba Local Government Area of Yobe State, killing a soldier.

Yobe State Police Command’s spokesman, DSP Dungus Abdulkarim, who confirmed the attack to The PUNCH on Sunday, said a military patrol vehicle was also torched by the suspected terrorists.

“The only thing I can confirm to you now is the attack. A soldier was killed, and troops and CJTF engaged the suspected terrorists,” he said.

Reliable local sources told The PUNCH that the suspected insurgents, who stormed the town by 12 midnight, shooting indiscriminately and subsequently attacking the military base, were later repelled by troops who chased them out to the surrounding bush.

A resident of Gujba, Modu Bahna, while narrating his ordeal, said, “They (suspected terrorists) stormed the town some minutes after midnight, shooting sporadically and majority of us took to our heels into the surrounding bushes for our dear lives.”

“The attackers did not kill any civilian or loot food or other essential commodities stores,” another source, Dala Bukar, said, adding, “They only attacked the two patrol vehicles in the military base where a soldier was killed.”


This recent killing of military personnel is coming after 15 soldiers were killed during a communal clash in Delta State.

The personnel consist of two Majors, one Captain, and 12 soldiers.

They were said to have met their deaths while responding to a distress call during a clash between Okuama and Okoloba communities in the state.
https://punchng.com/terrorists-attack-yobe-military-base-kill-soldier/

Politics › Re: Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 6:16pm On Mar 23, 2024
No where is safe!
Politics › Two Monarchs, 28 Others Killed In Niger, Seven In Benue by treesun(op): 9:33am On Mar 23, 2024
More facts on the attack on the Madaka community in the Rafi Local Government Area of Niger State emerged on Friday revealing that over 20 persons were reportedly killed in the onslaught.

Two monarchs and the vigilance group commander of the area were also said to have been killed in that attack on Thursday while the bandits were said to have overrun two communities in the area, burning houses and shops.

The gunmen were said to have stormed the community at about 3 pm on Thursday and shot indiscriminately, leaving many dead and injured.

The Village Head of the Madaka community, Saleh Kakuri, and one Commander Iko, who was the Deputy Commander of the vigilance group in the area under the Madaka District of Rafi were also killed in the attack.


The bandits also invaded Majanjan district where they seized the village head, Salihu Immahuri, his counterpart in Anguwan Bala, and his two wives and killed them.

Among the slain victims were Adamu Immahuri, a brother of the deceased ruler, and his four wives, as well as Shehu Salihu and Jamilu Isah.

A resident of the community who spoke under condition of anonymity said, “Over 30 bodies have been recovered by the villagers. The bandits attacked the communities at about 3:30 pm on Thursday and operated for hours without response from security agencies.


“The bandits operated for as long as they wanted without any challenge from the army or police.”

However, the District Head of Madaka, Isah Bawale, confirmed the incident in a phone interview on Friday.

He said, “The attack occurred around 3 pm on Thursday when the community.


Ukembrergya/Tswarev ward of the Logo Local Government Area of Benue State.

The incident, according to a community leader, Anawah Joseph, occurred between Tuesday and Wednesday.

Anawah stated that the attackers came in their numbers to attack the community armed with sophisticated weapons.

He said, “These attackers who are armed herders came in groups of up to 500; the Tuesday attack started around 4 pm and lasted till 8 pm, then on Wednesday, they resumed again. I don’t think they came to graze but to attack.


Confirming the attack, the Chairman of the area, Rev Adagbe Jonathan, said, “It happened on Tuesday and Wednesday with seven casualties. On Tuesday, two were killed and on Wednesday evening, five were killed in Yongia Ukambie Tiev, Ukembrergya/Tswarev ward.

“The attack was carried out by the herdsmen. Even when I went there on an assessment tour, they were still grazing on the other side of the road, claiming that the area was Taraba State.

“No one could just approach them. I’m even now in Makurdi. I reported to the Special Adviser on Internal Affairs and Security, the Special Adviser, the Bureau of Local Government and Chieftaincy Affairs, and the Permanent Secretary of the Bureau of Internal services.

The lawmaker representing Apa State Constituency in the House of Assembly, Abu Umoru, on Thursday, had lamented the incessant attacks on his constituency, saying he had lost count of casualty of the attack.

He said, “The entire Edikpo community has been displaced, Enre Opaha, where I come from, nobody in that community. (In) Odugbo, nobody is there, (same as) Akpete, Ikobi, Akpata, Idiaha, Ochumekwu, and Adiga.

“Everyday they will be burning houses in Akpete. As I speak to you, for three consecutive days, they have been going to Akpete and burning houses after chasing them out of their ancestral homes.

“They (bandits) have been ambushing, killing people – one, two, three to five persons on a daily basis. Right now, I don’t know the number of casualties. There are so many.


Efforts to get the response of the Police Public Relations Officer, SP Catherine Anene, were not successful as she did not pick up calls and did not respond to a text message sent to her.

IG deploys MOPOL

Meanwhile, the Inspection General of Police, Kayode Egbetokun, has deployed more mobile policemen to the troubled Apa Local Government Area of Benue State.

Disclosing this to our correspondent on Friday, the Chairman of Apa, Ochayi Alidu, said that he received the notification letter from the IGP deploying the cops to the local government area.

Alidu said, “I am in receipt of a letter of deployment of a unit of MOPOL to Apa at the instance of the state Governor, Rev Fr Hyacinth Alia. The unit (comprises) about 62 officers.”

The chairman appreciated President Bola Tinubu and the governor for the prompt response to the plight of the people of the area.


https://punchng.com/two-monarchs-28-others-killed-in-niger-seven-in-benue/
Politics › Reign Of Terror: 165 Farmers Killed March, Farms Deserted As Bandits Demand N3bn by treesun(op): 8:58am On Mar 20, 2024
• 130 farmers killed in four Benue LGs, 28 in Sokoto, sorghum production falls by 90% in Borno
• Benue farmers lose N1.1bn to attacks, Sokoto growers pay N3bn ransoms, N5m paid in Delta


No fewer than 165 farmers have lost their lives to attacks by bandits, who have hindered access to farms across the country, findings by The PUNCH have shown.

Farmers in Benue, Sokoto, Niger, Plateau, and other states, in separate interviews with our correspondents on Tuesday, lamented that they did not only lose crops to the rampaging bandits but many of their colleagues were also killed by the hoodlums. They added that they had abandoned their farms following the rising attacks by the bandits.

Out of the 165 farmers killed this year, the highest number was recorded in Benue State, where 130 of them were killed by the bandits.

The Association of Nigerian Farmers in the state told The PUNCH on Tuesday that 130 farmers were killed by bandits in four local government areas of the state this month (March). Also, in Sokoto State, 28 farmers have been killed since the beginning of the year, while six farmers lost their lives in Niger State during bandits attacks. One farmer was murdered by bandits in Plateau State.

In Sokoto State, the association lamented that not less than N3bn had been paid by its members as ransoms to bandits, who kidnapped them from their farms.

There has been an upsurge in banditry recently with over 295 victims being held hostage by kidnappers in Sokoto, Kaduna, and Borno states.

Lamenting the implications on farming The Benue State Chairman of the AFAN, Aondongu Saaku, told The PUNCH that six farmers were kidnapped in the state in the last two weeks.

According to him, farmers lost over N1.1bn to bandits’ attacks in the last few months in Benue State.

Saaku said, “The figure I will give you is for March alone so you can know the gravity of what farmers in the state are passing through.

“Six farmers were kidnapped in their farms. No fewer than 130 farmers were also killed in Kwande, Ukum, Agatu, and Apa LGAs.”

Asked to quantify what his members might have lost, the Benue State AFAN chairman replied, “It’s difficult to quantify because how do we quantify those farm crops that were harvested and burnt by the bandits?

“It’s huge. We will be talking about something around N1.1bn, because many farmers lost the whole farm, some over 100 bags of rice, several thousands of tuber of yams and the seeds, cassava chips, corn and a host of others.”

Saaku stated that going to the farm now was between life and death, “because in as much as one doesn’t have another source of income, you have to risk it and go to the farm. If you are caught and killed, that is your fate; and if you go and come back alive, it’s your luck.”

He, however, called on the Federal Government to declare a state of emergency on security, warning that Nigerians were at risk of heavy famine shortly if nothing is done to arrest the insecurity plaguing the country.

Farmers in Borno State noted that the production of sorghum and other crops had fallen by 90 per cent in the state.

Eight Delta farmers

On their part, farmers in Delta State stated on Tuesday that about eight of them were kidnapped last week and paid between N1m and N5m each as ransoms.

Farmers in Ika North-East and Aniocha South Local Government Area of Delta State said they could not access their farms following the incessant kidnapping in the state.

A farmer, Mr Okwudili Uti, in the Ute-Okpu community, said, “My brother we passing through hell now, as I speak we cannot go to farm again. The kidnappers have been kidnapping our people.

“In Ute-Okpu, Ute-Erumu, Abavo and communities around the Ika North-East, recently when the kidnapping started, we usually go to farms in groups. But last week, about eight farmers were kidnapped, and some paid ransoms of between N1m and N5m.

“Our farm produce have all gone bad in the farms because we cannot go to the farm even in groups, due to the fear of being kidnapped.”
https://punchng.com/reign-of-terror-165-farmers-killed-march-farms-deserted-as-bandits-demand-n3bn/

Politics › How FG Funds Petrol Subsidy Through Crude Oil Sales Proceeds by treesun(op): 1:06pm On Mar 18, 2024
There are indications that the Federal Government through the Nigerian National Petroleum Company Limited (NNPC Ltd) is now spending N17.72 billion daily to fund subsidy on petrol.


Though still shrouded in secrecy, the funding strategy, Vanguard learnt, is consummated by way of crude sales and direct cost recovery by NNPC.



An executive of a major petroleum marketing company in Lagos told Vanguard that the N17.7 billion subsidy cost represents the difference between landing cost of imported petroleum products and effective wholesale price to petroleum marketers.


Nigeria imports all the petrol it consumes and according to the Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Farouk Ahmed, daily petrol consumption in the country is around 44.3 million litres.


At current average deport price and exchange rate, the FG through NNPC may be incurring about N531 billion losses or revenue shortfall monthly.


This has now been reflected in the monthly Federation Account Allocation Committee, FAAC, reports.
The NNPC also deducts this shortfall from its remittances to the Federation Account, but the final distributable balance remains significantly higher than the pre-May 30, 2023 figures due to higher product prices.


President Bola Ahmed Tinubu had on 29th May, 2023, inauguration address declared that subsidies on petrol had ended. His declaration immediately led to a hike in the pump price of fuel to N480 per litre lower limit from N185 per litre. The upper limit was around N560.


Two months later, pump price moved again to over N600 per litre with NNPC Retail dispensing at N617 per litre in Abuja while independents and major marketers sold at N627 per litre. The upper limit in some locations hovered around N680.


Since then, while NNPC-owned stations and affiliates have maintained the N617 per litre rate, prices at the independents and major marketers have soared to N660-N680 per litre. In some states of the Federation the upper limit has gone up to N750.

Data clothed in secrecy
Vanguard’s efforts to get Finance Ministry’s official data on petrol import prices were rebuffed while the regular FAAC breakdown of remittances by NNPC has been removed from public communications contrary to the practice a year ago.


Also NNPC declined to release its information on petroleum imports saying that it is now running as a private company, and therefore not obligated to making its trading information public.
Contrary to the position of the FG, petroleum marketers have insisted that the current landing price is above N1,000 per litre, meaning the government was paying the difference.


According to them, the major cost determinant is the exchange rate which had seen the Naira depreciate by almost 200 per cent since the May 29, 2023 declaration.


NNPC Limited remains sole importer of the product as scarcity of foreign exchange killed the euphoria that greeted the passage of the Petroleum Industry Act 2021 that provided for deregulation of the downstream sector of the petroleum industry.
The Act was expected to usher in an era of free market in the downstream sector, where marketers will be able to import and sell at competitive prices.

Marketers’ views
Speaking to Vanguard, the immediate past public relations officer of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Chief Chinedu Ukadike, said the rise in petrol price is largely driven by the low value of the Naira to the Dollar.


Ukadike pointed out that while crude oil price has remained largely stable in the past one year, the Naira has continued to tumble against the dollar following the decision of President Tinubu to float the currency.


He explained that it is impossible for anyone to claim that the price of petrol has not changed significantly from when the exchange rate was N750/dollar when the subsidy was removed last year to now when the rate has moved to N1,600/dollar.


He explained: “Because NNPC is the sole importer of PMS in this country, it is very difficult for anyone to say for sure the actual cost of importing PMS into the country. Simple mathematics will tell you that the price cannot be the same when a dollar was exchanged for N750 and now that it is N1,600 to a dollar. What this means is that the price is above N1,000 per litre.


“So, the foreign exchange determines the price at the local market and if forex rate has increased, invariably, the landing price of petroleum products has also increased by same magnitude. I don’t know the magic through which they continue to sustain the price of PMS at the same level.”
He disclosed that while NNPC’s portal currently displays that ex-depot price was N566.7 per litre, independent marketers are not able to load at NNPC depots and have had to depend on private depots supplied by NNPC at the cost of N630 per litre.


Also speaking to Vanguard, a major marketer blamed foreign exchange rate for the huge gap existing between the actual market cost of petrol and the pump prices.
The marketer who didn’t wish to be named said government is certainly subsidising petrol at the current rate.
According to the marketer, “The landing cost is determined by the rate of the dollar to Naira. If you have US Dollar at N800, the price will be different if you’re buying at N1,600 for instance. So, it depends on the context. The government has told NNPC: don’t move the price.


“But for the rest of us, if you buy a vessel and you bring that vessel from the mother vessel to the port, it will cost you between $400,000 to $600,000 depending on where you are taking it to. If you are coming to Lagos it will cost about $400,000 but if you’re going to the east, it will cost $600,000. So, it cost about $30 per ton. So, if you are calculating this at N1,600/$ the amount is significantly different. And that informs the difference in pump price at NNPC outlets and the rest of us.


“You must also know that when your vessel gets to the port, NIMASA and NPA charge you in dollars. Everything amounts to $10 per ton. That dollar you cannot see in the banks. It is either you buy from the parallel market or you don’t operate.


“So, if NNPC has continued to sell at the old price, it means that the government has intervened. Which I will not call subsidies”, he explained.


Backing the positions of the marketers, oil and gas governance expert, Mr. Henry Adigun said government is paying over N400 per litre as subsidy.


Adigun explained that the easiest way to know the actual price of petrol “is to look at the price of diesel as both products were of the same value”.

Views across financial experts contradict FG’s position on existence of subsidy payment.
According to them, it is obvious that not only has subsidy regime returned, perhaps the amount spent on fuel subsidy is now far more than ever before.


They also believe that government may have decided to carry the subsidy burden for fear of a likely political and social backlash of transmitting the full cost of imported petrol onto the consumers.


But they also expressed worry over what they see as clear violation of the 2024 Appropriation Act which did not provide for subsidy funding.


Why FG was forced back to subsidy– Expert

Speaking to Vanguard on the subsidy controversy, Tunde Abidoye, Head, Equity Research, FBN Securities Limited, stated: “It is quite clear that petrol subsidies have been back for some time, considering: a) that the product is imported; b) there is a substantial import component in the product’s price and; c) the naira exchange rate has been devalued at least twice, first to around N760, and N1,500per USD.


“Industry experts will tell you that the landing cost of the product is already above the current pump price. Also, we can easily determine the real cost reflective price of petrol by bench-marking its price with those of other deregulated fuels like diesel and kerosene.


“According to the last NBS report, the average price of household kerosene was N1,329.5 as at January 2024. Diesel prices averaged N1,153 due in the same period. The real market price of petrol cannot be substantially lower than prices observed for these two other petroleum products. Consequently, it is clear that PMS prices are being subsidized.”

NNPC owes Nigerians transparency — Highcap Securities boss
Reacting, David Adonri, Executive Vice Chairman at Highcap Securities Limited, said: “There might be a merit in the claim by NNPCL that being a private company although a publicly sponsored enterprise, it is not under any obligation to publicly disclose its corporate information.


“However, it remains an entity with very substantial public interest which demands a high level of transparency. It ought to feed the public with necessary information if it does not have anything to hide.
“From the perspective of arithmetic, depreciation of the Naira and continued importation of petroleum products by NNPCL points in the direction of subsidy at current pump price. It is only when petroleum products are produced locally and sold at open market prices by private refiners that subsidy may no longer arise.”

Publish financial statement to bring everything clearer — Kurfi

In his comment, Mallam Garba Kurfi, Chief Executive Offer at ATP Securities & Funds Limited, said: “We are not having any doubt about subsidy existence in petroleum sector. What is the price of diesel now? There is no doubt about fuel subsidy especially when you compared it with the price of diesel which is about N1,300’per litre. As a public company, their financial statement will bring everything clearer when published.”

Subsidy has crept back into the price of petrol — Olayinka

Reacting as well, Tajudeen Olayinka , Analyst/ CEO, Wyoming Capital and Partners, said: “I believe every discerning individual should know that subsidy is back. So far exchange rate is no longer at the level we had it the last time further adjustment was made to petrol prices, it follows therefore that subsidy has crept back into the current price of petrol across the country. I believe government deliberately put further removal of subsidy on pause, to enable the administration address all the socio-economic costs associated with subsidy removal and economic reforms.”

Withholding information undermines public confidence — Egbomeade


In his response, Clifford Egbomeade, Communications experts /economy commentator, said: “Transparency is essential in ensuring public trust and accountability, particularly in a sector as vital as oil and gas. Withholding information on subsidies and fuel distribution costs can undermine public confidence and raise questions about the motives behind such actions.”


Regarding the existence of subsidies on petrol, he said: “The lack of transparency from NNPC makes it challenging to ascertain the current situation definitively. However, given Nigeria’s history of subsidizing fuel prices to stabilise domestic markets and support consumers, it is plausible that some form of subsidy still exists, albeit potentially obscured by the lack of disclosure.”


https://www.vanguardngr.com/2024/03/how-fg-funds-petrol-subsidy-through-crude-oil-sales-proceeds/
Politics › Mou With UK Firm On Rail Project Not Binding – FG by treesun(op): 8:45am On Mar 18, 2024
The Federal Government has provided clarifications regarding the recent Memorandum of Understanding between the Ministry of Transportation and MPH Rail Development Limited, a construction firm from the United Kingdom.

According to the government, the agreement is not considered binding.

This follows recent reports stating that the FG entered into a Memorandum of Understanding with an “unknown” company.

The Cable had, in a report, quoted some social media users as criticising the ministry for signing an MoU with a company that was recently established, as a report unearthed documents showing the company was established on September 26, 2019.

THE LOUNGE: Are First Borns Really 'Test Machines'0:00 / 0:00

Some described the situation as another “P&ID saga in the making,” referencing the high-profile contract dispute between Nigeria and P&ID, a British Virgin Islands-registered company.

PUNCH Online reports that the Ministry of Transport signed an MoU with Messrs MPH Rail Development Limited, a company based in the United Kingdom.

This partnership aims to implement the Port Harcourt–Enugu–Calabar–Abuja Standard Gauge Rail Line project, following a public-private partnership framework.


The UK company will oversee the Port Harcourt–Enugu–Calabar–Abuja Standard Gauge Rail Line’s design, construction, commissioning, operation, and final transfer under the terms of the MoU.

According to the ministry, the Infrastructure, Concession, and Regulatory Commission’s issuing of a compliance certificate and the Outline Business Case’s clearance came before the MoU was signed.

However, the ministry, on Sunday, provided clarifications in a statement signed by the ministry’s Director of Press and Public Relations, Olujimi Oyetomi.

Oyetomi said the ministry’s attention was drawn to social media commentaries concerning the status and implications of the MOU.

“For clarity, a Memorandum of Understanding, or MOU, is a non-binding agreement that states each party’s intentions to take action, conduct a business transaction, or form a new partnership,” the statement read in part.

Oyetomi added that it is not a legally binding agreement.

He stated that it provides only a platform for further engagement, discussion, scrutiny, and the provision of required guarantees by the parties to reach an agreement if the parties are satisfied.

He further explained, “The MoU in question arose from an unsolicited proposal presented by the British African Business Alliance (BABA), an association based in the United Kingdom with interest in business in Africa.

“Its proposal was initially submitted to the ministry on 27th August 2019. As required, the proposal (Outline Business Case) was submitted to the Infrastructure Concession and Regulatory Commission (ICRC) on 8th December 2023.

“The major attraction of the proposal is BABA/MPH’s initiative to achieve 100% private sector funding for the project ‘with no loans or debt to the Nigerian government or any of its agencies’, as captured in Article 3.3 of the MoU.

“The Regulatory Commission on 27th December, 2023 granted approval and issued a conditional OBC Certification.

“It is pertinent to note at this juncture that COVID-19 was a major contributor to the time lag between initial proposal and the ICRC OBC Certification.”

In describing the company, Oyetomi said, “Messrs. MPH Rail Development (UK) is the company incorporated by BABA as the Special Purpose Vehicle (SPV) to ‘deliver’ the project.

“It must be emphasised that a company to be used for such a purpose is usually new with nominal shareholding to allow for stake holding by parties to the project at the investment stage.”


The ministry noted that MPH is required to provide several documents within 90 days of signing the MoU.

These include evidence of commitment from potential financiers, an environmental and social impact assessment report, a financial model and programme of action, a full business case study report, and a comprehensive feasibility study report.

“It is the submission of the above-listed documents and the outcome of their evaluation that will determine the desirability or otherwise of the proposal,” the ministry said.

“ICRC as the regulator of PPP is fully and duly in charge of the oversight of this process.

“The MoU, therefore, constitutes only the beginning of a long process that will lead to the project after due diligence and scrutiny by the ministry and other appropriate authorities.

“The nascent and nominal share value of the SPV company (Messrs. MPH Rail Development) does not diminish the plausibility of the business proposal at this early stage,” it added.

Therefore, the ministry assured Nigerians that it would diligently fulfil its legislative responsibility to provide the nation with an economical, sustainable, and efficient transportation infrastructure.


https://punchng.com/mou-with-uk-firm-on-rail-project-not-binding-fg/
Politics › DHQ Vows To Release Bandits Leaders’ Names, Photos by treesun(op): 8:45am On Mar 17, 2024
There are indications that the Defence Headquarters is preparing to release the names and pictures of the new set of wanted terrorist and bandit leaders.

Sunday PUNCH gathered that this was following the elimination of top terrorists and bandit leaders on the watchlist of the military and the emergence of a new crop of leaders.

The DHQ had in November 2022 declared no fewer than 19 bandit leaders wanted with a bounty of N5m on each of them to encourage Nigerians to volunteer information that could lead to their arrest.

Prominent among those declared wanted were Bello Turji from Fakai village, Zamfara State; Ali Kachalla, aka Ali Kawaje, from Kuyambara village in Danaadau Maru LG of Zamfara State; Ado Aliero, from Yankuzo village, in the Tsafe LGA, Zamfara State; Halilu Sububu from Sububu village, in the Maradun LGA, Zamfara State.

I Pay My Fees, Send Money Home From Tricycle Driving - Female University Student | Punch0.00 / 0.00

Also on the list were Sani Dangote from Dumbarum village, Zurmi LGA of Zamfara State; Leko (Mozoj village, Mutazu LGA, Katsina State); Dogo Nahali (Yar Tsamiyar Jno village, Kankara LGA, Katsina State); Nagona from Angwan Galadima in the Isa Loa area of Sokoto State; Monore from Yantumaki village, Dan LGA, Katsina State; Gwaska Dankarami from Shamushele village in the Zuri LGA of Zamfara State; Baleri from Shinkafi LGA, Zamfara State and Mamudu Tainange from Varanda village in Batsari LGA, Katsina State and others.

A source told our correspondent that the military was planning to release a new list of wanted terrorists.

The source noted that work was ongoing on that.


“The authorities are working on a new list of another wanted terrorist and bandit leaders. It will also contain their pictures. Their lists are being compiled.

“We will urge Nigerians to cooperate with us to enable us to neutralise them as we have done in the past. There should be a bounty on them but I can’t say how much. Don’t worry; it will be released to the public very soon,” the source hinted.

The Director, Defence Media Operations, Maj. Gen. Edward Buba, confirmed that work was ongoing on the new list.

“We are working on the list. It will be out soon,” he said.

Sunday PUNCH reports that the military had during several operations across the various theatres of operations killed many terrorist and bandit leaders.

This includes a notorious bandit kingpin identified as Boderi who allegedly orchestrated many high-profile kidnappings, including those of Yauri schoolgirls, Greenfield University, and the Nigerian Defence Academy attacks.

Boderi was said to have been killed alongside another kingpin, Bodejo in February 2024.


Between February 1 and 28, 2024, the troops killed 10 terrorist kingpins.

The terrorist kingpins are Ashiru, Kachambi, Dogon Rakumi, Sulen Nagala, Laushi, Bangis, Alhaji Kabiru, Alhaji Baldu, and Baban Yara.

In July 2023, a bandit leader in Zamfara, Dogo Gudali, was killed by the troops.

Similarly in January 2023, a bandit kingpin, popularly known as Alhaji Shadari, and some of his gang members were killed in Zamfara State.

https://punchng.com/dhq-vows-to-release-bandits-leaders-names-photos/
Culture › Olubadan, Lekan Balogun Dies At 81 by treesun(op): 12:22am On Mar 15, 2024
The Olubadan of Ibadanland, Oba Lekan Balogun, Alli Okunmade II, is dead.

He was aged 81.


Oba Balogun spent two years on the throne of his forefathers, having been presented the Staff of Office by the Oyo State Governor, Seyi Makinde, on March 11, 2022.

Confirming his death in a statement by his Chief Press Secretary, Sulaimon Olanrewaju, on Thursday, Makinde said Oba Balogun died Thursday evening at the University College Hospital, Ibadan.

Budget Padding: Senators Confront Ningi Over Allegation0:00 / 0:00

The governor described the late monarch as a towering figure akin to an Iroko tree.

He wrote, “With total submission to the will of God, I announce the passing unto glory of our father, His Imperial Majesty, Oba Balogun, Alli Okunmade II, the 42nd Olubadan of Ibadanland.

“A mighty Iroko has fallen; Oba Balogun has joined the ancestors.


“In Kabiyesi, Ibadanland had a cosmopolitan and well-experienced Olubadan, who made indelible marks on the sands of history and achieved greatly within a short while.

“On behalf of the government and good people of the state, I condole with the immediate family of the Oba Balogun, the Olubadan-in-Council, the state Traditional Council and the people of Ibadanland. It is my prayer that God grants repose to the soul of our late monarch.”


“The passing of Oba Dr. Balogun marks the end of an era for Ibadanland, leaving behind a profound void in its rich history and heritage,” he added.

The late Olubadan was born on October 18, 1942.

The PUNCH reports that Olubadan ascended his forefathers’ throne two years ago after the passage of the late Oba Saliu Adetunji.

On Monday, the late monarch thanked God for the grace and privilege to clock two years on the throne, just as he thanked members of his advisory council for their unflinching support so far.

Balogun, in a statement by his Personal Assistant on Media, Oladele Ogunsola, in Ibadan, the state capital, said the second anniversary, which coincided with the commencement of this year’s Ramadan fast, was also used as an opportunity by the monarch to ask for prayers for the country by the Islamic faithful and expression of love for one another to make the period stress-free for the adherents.

The monarch said his clocking two years on the throne was a special grace by his creator that he could not take for granted.
https://punchng.com/breaking-olubadan-lekan-balogun-dies-at-81/

Travel › FG Considers Powering NRC Locomotives With Gas by treesun(op): 10:42am On Mar 14, 2024
The Federal Government, through the Minister of Transportation, Said Alkali, has initiated a move to transition Nigerian Railway Corporation locomotives from diesel to liquefied natural gas and compressed natural gas in a bid to steer the corporation towards sustainable energy sources and reduce operational costs.

This was disclosed in a statement signed by the ministry’s Director, Press and Public Relations, Olujimi Oyetomi, on Thursday.

Alkali was said to have reiterated the desire of President Bola Ahmed Tinubu’s administration to provide Nigerians with efficient, affordable, and sustainable transportation given the recent removal of subsidy on fuel.

On Tuesday, March 12, 2024, the De-Sadel consortium presented the LNG-CNG alternative for joint deliberation by the Ministry of Transportation and the NRC at the Ministry’s headquarters.

Alkali expressed optimism that this transition could lead to more effective, efficient, and possibly cheaper rail services for Nigerians, especially in the wake of the recent removal of fuel subsidies.

To expedite the process, Alkali directed the immediate formation of a seven-member technical committee tasked with evaluating the feasibility and potential outcomes of retrofitting NRC’s locomotives with LNG-CNG technology.

The committee was given a timeframe of seven to 14 days to produce recommendations.


“It is the desire of our President, Bola Ahmed Tinubu, to provide an efficient, affordable, and sustainable transportation system for the people of this great country and I am sure this would go a long way in bringing down the cost of transportation,” Alkali said.

He found reasonable the proposal by De-Sadel Company to retrofit their existing LNG-CNG kits onto NRC’s locomotives at zero cost to the government and to provide replacements in case of damage.

Alkali, eager to proceed with retrofitting an NRC locomotive through the De-Sadel consortium, instructed the Permanent Secretary, Olufemi Oloruntola, to assemble a joint team of mechanical engineers from the Transportation Ministry, NRC, and De-Sadel Consortium.

He emphasised the gradual transition from diesel to gas usage, starting with a 50-50 ratio and progressing to 30-70 and ultimately 0-100.


“A committee will be set up immediately after this interactive session, and they are to commence deliberations and discussions at the Ministry’s headquarters. They are to advise and possibly have a gas-powered locomotive ready for test run within the very short possible time,” the minister directed.

Following the directive, the technical committee swiftly conducted evaluations, culminating in a visit to NRC’s workshop in Idu, Abuja, on March 13, 2024.

The committee’s findings confirmed the viability of retrofitting NRC’s locomotives with LNG-CNG technology.


Managing Director of De-Sadel Consortium, Sam Uko, underscored the benefits of adopting LNG-CNG technology, including cost reduction and extended engine lifespan.

Uko revealed that the Consortium already has 50 gas-powered locomotives installed and ready for deployment, with a commitment to supply gas for 5 years to alleviate concerns about gas scarcity.

Uko clarified that the implementation strategy of retrofitting into a dual-fuel locomotive shouldn’t be regarded as a conversion or modification of the engines.


Aside from retrofitting NRC’s locomotives, De-Sadel Consortium also proposed security installations across the rail corridors in the country, a system that deploys real-time monitoring for the train wagons and the rail lines to deter vandals and attacks.

He stated that the technology will allow much more security for the rail services, such that the trains can operate 24/7, increasing NRC’s turnover from gas usage and security.

Furthermore, the De-Sadel Consortium proposed additional security installations along rail corridors to enhance safety and prevent vandalism.

Uko emphasised that real-time monitoring systems would deter attacks, allowing trains to operate 24/7, thereby increasing NRC’s revenue from gas usage.
https://punchng.com/fg-considers-powering-nrc-locomotives-with-gas/

Politics › Re: Nigerians Never Expect Anything’ — Mixed Reactions Trail Student Loan Suspension by treesun(op): 9:22am On Mar 14, 2024
All Promises Cancelled!
Politics › Nigerians Never Expect Anything’ — Mixed Reactions Trail Student Loan Suspension by treesun(op): 4:21pm On Mar 13, 2024
Mixed reactions have been trailing the suspension of the much-anticipated student loan scheme introduced by the federal government.

Recall that the Federal Government postponed the launch of the Nigerian Student Loan Scheme indefinitely.


Read also: FG postpones students loan indefinitely



The Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, made this in an interview on Arise Television on Tuesday.

Sawyer said the loan scheme was postponed due to some corrections that were being made around the launch.

The postponement comes barely 48 hours before the launch.

In June 2023, President Bola Tinubu signed a bill to start a Student Loan Fund that would give interest-free loans to Nigerians for higher education.

A former Speaker of the House of Representatives, Femi Gbajabiamila, proposed the bill and it was supposed to start between September and October 2023.

Meanwhile, Tinubu said the programme would begin in January 2024, after missing the October deadline.

In January, Minister of State for Education, Yusuf Sununu, said at a meeting that preparations for the program were finished. This included creating the Student Loan Scheme website and planning how to start the programme.


President Tinubu also told leaders of the National Association of Nigerian Students that the programme would start once they added more features, like vocational studies.



Meanwhile, mixed reactions have been trailing the suspension of the student loan.

The Academic Staff Union of Universities (ASUU), University of Lagos (UNILAG) renewed its call for free education, saying Nigerian students do not desire the federal government education loan.

ASUU UNILAG stated this on its X handle on Wednesday.


@ASUU_UNILAG stated, “📢 The message is simple and clear 🔊🔊🔊

#WeShallOvercome #AlutaContinua #VictoriaAscerta #SolidarityForever #ASUU.”

@DeborahToluwase wrote, “The Federal Government honestly needs to come clean on this student loan thingy. Ajuri came out two days ago to say that the Student Loan scheme will be launched on Thursday (Tomorrow);

“…only for the Executive Secretary of the Loan Fund, Akin Sawyerr to say that some corrections still needed to make and hence he can’t commit to a certain date as regards the launch. This is not a good image at all. Why giving a launch date for an half baked policy ?”

Nigerians and students have also been expressing mixed reactions over the suspension of the student loan on social media.


An X user, @LawalOlabisi4 wrote, “We all know that the student loan will never see the light of the day.”

@Nleks356 stated, “All Nigerians never expect anything like that.”

@akomscopy wrote, “The reason why this delay in the student loan scheme is generating mix reactions is because the policy, when implemented, will be beneficial to mostly the poor and middle class. It’s important for the government to get it right, once and for all.

“If you study the body language of Mr. President, you will know he wants to give it all, and he said “nobody should be left behind” when it comes to this scheme.

“Not leaving anyone behind means there must be due diligence in getting many things right before launching,” he stated.


@SmilingGeorge24 said, “🤣🤣🤣🤣🤣🤣 Take this administration seriously at your own peril oo.”

@WOgbomah wrote, “A government of lies and propaganda can never get anything right because they always place the cart before the horse. I will urge everyone to fasten their seat belts because we are in for a very long ride.”

@suleimankende stated, “Better cause nothing good came from the government to poor innocent students.”


https://www.vanguardngr.com/2024/03/nigerian-never-expect-anything-mixed-reactions-trail-student-loan-suspension/
Politics › Re: Hard Times In Nigeria As Tinubu’s Reforms Deepen Cost Of Living Crisis –Reuters by treesun(op): 8:36am On Mar 12, 2024
Things are difficult, it is reality not what Reuter is telling us!
Politics › Don’t Be Like Buhari, Join Me Dialogue With Bandits – Sheikh Gumi To Tinubu by treesun(op): 8:35am On Mar 12, 2024
In a bid to secure the release of abducted Nigerians, controversial Islamic scholar, Sheikh Ahmad Gumi, has expressed willingness to facilitate comprehensive discussions between the Federal Government and bandits.

Sheikh Gumi urged President Bola Tinubu’s administration not to repeat the mistake made by former President Muhammadu Buhari, who refused to dialogue with bandits.

He was reacting to the refusal of the Kaduna State government to negotiate with the bandits involved in the abduction of 287 school children from Kuriga Government Secondary and LEA Primary Schools in Chikun Local Government Area.

Last week, bandits abducted over 280 students from Kuriga primary school, and the government.

Reacting, Gumi, in a statement said: “The government’s stand of no negotiation with the bandits is an unfortunate position. My advice is that the government should dialogue with the bandits not only for these Kuriga school children abduction but all the cases.

“Also, the government should use the same approach it used in releasing passengers that were abducted on Abuja – Kaduna train in 2022 to release the Kuriga school children and others.


“I am ready to lead a holistic dialogue be- tween the government and bandits. It is a religious duty for me to do so for peace.

“I hope the present government of President Bola Ahmed Tinubu will listen by dialoguing with the bandits because the past administration of former President Muhammadu Buhari refused to do so.”
https://dailypost.ng/2024/03/12/dont-be-like-buhari-join-me-dialogue-with-bandits-sheikh-gumi-to-tinubu/

Politics › Re: Hard Times In Nigeria As Tinubu’s Reforms Deepen Cost Of Living Crisis –Reuters by treesun(op): 11:42am On Mar 11, 2024
Nlfpmod!
Politics › Re: Our Sleep-deprived Leader Has No Good Result To Show’, Phrank Shaibu Taunts Ngel by treesun(op): 11:06am On Mar 11, 2024
Nlfpmod!
Politics › Hard Times In Nigeria As Tinubu’s Reforms Deepen Cost Of Living Crisis –Reuters by treesun(op):
Nigeria imports food and fuel and was buffeted by high global prices due to the Russia-Ukraine war, just as it had exited a COVID-19-induced recession in 2020.




Nigeria, Africa's largest economy is grappling with the worst cost of living crisis in decades, which has deepened since President Bola Tinubu introduced bold but unpopular economic reforms after he assumed office last May.




Nigeria imports food and fuel and was buffeted by high global prices due to the Russia-Ukraine war, just as it had exited a COVID-19-induced recession in 2020.




President Bola Tinubu, who campaigned on a "Renewed Hope" slogan, removed a costly petrol subsidy and foreign currency controls, to improve government finances, restore credibility with investors and kick-start the economy.



But inflation has soared to its highest in three decades and the naira currency is slumping to record lows, pressured by acute dollar shortages. Prices of food, cooking gas, medicines, fuel, and public transport have shot up, squeezing household budgets.



Reuters reports that Tinubu inherited an economy that was already struggling with record debt, high unemployment, low oil output, subsidies that drained government finances and power shortages that have crimped growth.



"With about 8 percent of Nigerians deemed food insecure, addressing rising food insecurity is the immediate policy priority," the International Monetary Fund said on March 4 after a staff visit.





An Abuja resident, Blessing Joseph has been weaving bags, sandals and jewellery earning enough money to feed her son and send him to school. But since November, she has fallen on hard times as customers have stopped coming and she and her son routinely go to bed hungry.



Last year, Joseph could easily make N30,000 a week but now she will be lucky to get N5,000, she said.



"People used to place orders. I'll design for them, sometimes even (for) weddings I'll make souvenirs for them, but now those orders are not coming," said the 29-year-old Abuja resident.



"It has been very, very difficult, especially that I have a son and he needs to go to school, he needs to eat."



According to Reuters, Nigeria's problems have also rippled through company boardrooms.



Foreign companies like Procter & Gamble will stop manufacturing in Nigeria, while drug makers GSK PLC and Bayer AG will contract third parties to distribute their products, in part due to tough operating conditions and the naira slump.



Africa's biggest telecoms operator MTN Group posted a big fall in full-year profit citing naira devaluation, which also prompted soap maker PZ Cussons Plc to issue a profit warning.



At Agodo market in Lagos, tomato seller Farouk Dalhatu has just served his first customer in eight hours. The market is unusually quiet for the time of day when there is often a cacophonous din of traders and customers haggling over prices.



A basket of tomatoes now costs N55,000 - about double the national minimum wage - up from N12,000 in December.



That has forced many of Dalhatu's friends to quit the business.



"They are just trying to find what they can eat now and not do the tomatoes business," he said, pointing to several empty stalls.



Widespread insecurity in food growing areas - including abduction for ransom by armed gangs, a long-running Islamist insurgency and farmer-herder clashes - is adding to the woes by keeping many farmers away from their fields.



"We have an emergency on our hands in terms of the social consequences of this reform, in terms of this food insecurity," said Muda Yusuf, CEO at business advocacy firm Promotion of Private Enterprise, referring to the currency and fuel subsidy reforms.



Labour unions led some protests last month and have threatened to shut down the country to demand a tenfold rise in the minimum wage.



In response, the government on Thursday started national consultations on a new monthly minimum wage, which has been pegged at N30,000 since 2019.



A presidency spokesman declined to comment, but Tinubu's administration has announced handouts of cash, grains, fertiliser and seed to vulnerable groups.



Unions say this is not enough and that the focus should be on "substantive issues" that have been under discussion with the government since June 2023.



"These include critical matters such as wage increases, social welfare programs, infrastructure development, and the revitalisation of key sectors such as education and healthcare," the Nigeria Labour Congress said in a statement.



For Joseph in Abuja, a thriving business and providing for her son is all she wants.



"I am just thinking about what he will eat if he comes back (from school)," she said while shuffling through empty pots.


https://saharareporters.com/2024/03/11/hard-times-nigeria-tinubus-reforms-deepen-cost-living-crisis-reuters
Politics › Re: FG Suspends Implementation Of Expatriate Employment Levy by treesun(op): 6:21pm On Mar 10, 2024
favor914:
Your papa’s number abi?
My father is not callous, like the one you are defending!
Politics › Our Sleep-deprived Leader Has No Good Result To Show’, Phrank Shaibu Taunts Ngel by treesun(op): 4:24pm On Mar 10, 2024
Former Vice President Atiku Abubakar’s ex-aide on communications, Phrank Shaibu, has mocked President Bola Tinubu for sleeping late and waking early in serving Nigeria without much results to show.

Shaibu said this while taunting the President after his special adviser on media and publicity, Ajuri Ngelale, said his principal works hard every day to build the country.


The Interesting Things About Pha Din Pass, Dien Bien That Just A Few People Know

Ngelale stated that Tinubu sleeps around 2 am or 3 am and wakes up early again by 7 am in order to make sure that Nigeria comes out stronger.

The presidential spokesperson said this in a chat with on-air personality, Chude Jideonwo.

FG moves to increase cassava production to 120m metric tons

Your investment is safe, FG tells investors in gas

He said, “I’m saying hang in there because I can see an end to this. I’m working with a man who I can personally vouch for because he’s going to bed at 2 am to 3 am every night, including Sundays.

“He [Tinubu] wakes up at 7 am to 8 am every morning including Sundays. Opening his files, working into the late nights when no one is there to say anything good or bad about him. He is doing the work.



“He is a workaholic, and he is doing it all to build a country that is reflective of a progressive and advanced country that he has envisioned, amen way he did in Lagos.

“I’m asking Nigerians to support the president, he means well.”

But, in his reaction, Shaibu scorned the President’s efforts describing them as an “ insomniac dedication.”

Atiku’s aide made this known in his X account, stressing that Tinubu’s sleepless nights have not reflected on the country.

Shaibu wrote, “Ah, what a noble sacrifice indeed! @officialABAT , the tireless beacon of diligence, burning the midnight oil until the wee hours of 2 am, only to rise like a phoenix from the ashes at the ungodly hour of 7 am.

“Truly, a modern-day martyr for the cause of Nigerian governance! Why, with such Herculean efforts, one can only imagine the monumental achievements awaiting the nation at the hands of our sleep-deprived leader.

“Let us all bow in awe and admiration at the altar of @officialABAT insomniac dedication to the greater good of Nigeria!”

Shaibu has been a staunch critic of Tinubu and the All Progressives Congress (APC).

https://dailytrust.com/our-sleep-deprived-leader-has-no-good-result-to-show-phrank-shaibu-taunts-ngelale/
Politics › Re: FG Suspends Implementation Of Expatriate Employment Levy by treesun(op): 6:42pm On Mar 09, 2024
favor914:
The sooner you get with the program, the better for you, Bola Tinubu is not going anywhere for the next 7 years, unless Jehovah calls his number.
Which Jah will do!
Politics › Re: FG Suspends Implementation Of Expatriate Employment Levy by treesun(op):
Trust APC to always do the wrong things, NO plan for Anything, Tinubu is not capable!
Politics › FG Suspends Implementation Of Expatriate Employment Levy by treesun(op): 9:49pm On Mar 08, 2024
The Federal Government has suspended the implementation of the recently enacted Expatriate Employment Levy by the Federal Ministry of Interior, as administered by the Nigerian Immigration Service.

This was disclosed in a statement signed by the National President, the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, Dele Kelvin Oye, on Friday.

Oye said the resolution was taken following a successful Trade and Investment outreach led by President Bola Ahmed Tinubu in Qatar and a productive meeting with the Minister of Industry, Trade and Investment, Doris Aniete, and the Minister of Interior, Olubunmi Tunji-Ojo.

The meeting was also attended by the President of the Petroleum Technology Association, the President of the Special Economic Zones Association, the Director General of the Nigerian Turkiye Business Council, the European Union Trade delegation head, the NACCIMA Chair of Digital Trade Group, and the representatives of the National Association of Small and Medium Scale Enterprises.


The statement read, “The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, in collaboration with key stakeholders, announces a temporary step down of the recently enacted Expatriate Employment Levy by the Federal Ministry of Interior, as administered by the Nigerian Immigration Service.”

Last week, on Tuesday, President Bola Tinubu launched the Expatriate Employment Levy.

However, the introduction of the levy attracted widespread condemnation from private sector groups.


Among other reasons, they said the levy will impact the much-needed Foreign Direct Investment by the current administration to rein in the free fall of the naira.

But announcing the suspension, the NACCIMA president said the policy reversal would allow for further consultations with NACCIMA and other vital stakeholders, adding that a review committee would be constituted.

He added, “It was unanimously agreed that the implementation of the Expatriate Employment Levy will be paused, allowing for further consultations with NACCIMA and other vital stakeholders.

“A joint committee comprising members of the Ministry of Industry, Trade and Investment, the Ministry of Interior, NACCIMA, and other stakeholders will be formed to review the EEL policy.

“The rollout of the EEL, as initially proposed, will be deferred in accordance with the resolutions made.”

According to the statement, Oye further thanked the Federal Government of Nigeria, the Ministry of Industry, Trade and Investment, and the Ministry of Interior for their magnanimity, understanding, and willingness to engage in dialogue and consider the implications of the EEL on the business community.

“This is indicative of their commitment to creating an inviting atmosphere for both local and international investors.


“NACCIMA and its partners remain dedicated to working hand in hand with the government to ensure that policies align with the nation’s economic objectives, aiming to position Nigeria as a prime destination for investments.”

The NACCIMA president further advised investors, both current and prospective, to continue with their business activities and investment plans in Nigeria with confidence, noting that the government is ready to enhance the investment landscape and support economic growth.

“We advise all investors, both current and prospective, to continue with their business activities and investment plans in Nigeria with confidence.

“The assurances provided by both ministers during the negotiations have reinforced the Federal Government of Nigeria’s intent to enhance the investment landscape and support economic growth.

“We thank all stakeholders for their engagement and patience during this period.”
https://punchng.com/just-in-fg-suspends-implementation-of-expatriate-employment-levy/

Politics › Economic Hardship: Nigerians Return To Charcoal Stoves, Firewood by treesun(op): 7:25pm On Mar 06, 2024
“Our ‘Joko’ charcoal stoves are a must-have for everyone. Easy to use; cook faster; use less charcoal and super durable.

“Because of its wall insulation, it concentrates all the generated heat onto the food that is cooking for even, and faster cooking.


“The big size sells for N21,500, while the small size sells for N15,000. We are not taking online orders for now only store pickups.”



These and many more are what you find available at website of online store of a popular brand that sells locally-fabricated kitchen appliances.

Many of these brands use different catchphrases and advertising strategies as they hustle for customers in the fast-growing charcoal stove market.

From using sponsored advertising campaigns online, the word of mouth and referrals, the advent of charcoal stoves and its acceptability among Nigerians cannot be underestimated.

‘Let’s go back to charcoal’
Due to rising kerosene and cooking gas prices, a Mararaba resident, Hauwa Ladan says she has shifted to charcoal stoves and firewood as primary cooking fuels.

She finds charcoal stoves economical and faster for family meals, and has recommended it to friends and neighbours.

Ladan highlights the considerable impact of high cost of cooking gas, saying that it leaves huge holes in household expenditure in Nigeria.

“Nigerians should go back to charcoal. They believe gas cooks faster, whereas charcoal is better!


“There’s no cooking pot you place on charcoal that will go black. It’s only firewood that stains cooking pots’’, Mrs. Elizabeth Moyegun“, told a national daily recently.


The recent blame game by the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) and LPG terminal owners for the high cooking gas prices underscores the complexities in the supply chain.

Industry watchers say such disputes may reveal challenges in distribution, storage, or pricing strategies.

Addressing these issues is crucial to stabilise and potentially lower cooking gas prices for consumers, the NALPGAM says.

President of the NALPGAM, Oladapo Olatunbosun, insists that liquefied petroleum gas, popularly called cooking gas, has risen to at least N1,300 per kilogramme.


Although charcoal and firewood may come handy in this period of expensive cooking gas, experts warn that it comes at a huge cost to the environment.


They come in the shape of deforestation, air pollution, degradation of ecosystems and other potential consequences.

Deforestation
According to a United Nations data, between 2005-2010, Nigeria experienced an annual loss of over 2 million hectares of forest, primarily due to agricultural expansion, logging, and infrastructure development.

Nigeria is a major consumer of fossil fuel for cooking, with over 120 million Nigerians relying on firewood and charcoal for their cooking needs, according to the International Energy Agency.

A report by National Bureau of Statistics (NBS), says cooking gas prices surged by 38 per cent, hitting ₦16,250 per 12.5kg cylinder in January 2024.


The NBS says there was a 3.55 per cent month-on-month increase in the average retail price for refilling a 5kg cylinder.[surgewhich rose to ₦1,300 from ₦950 during the same period, the agency said.

[b]Dr Temitope Oyetunji, a family health doctor in Abuja, said the use of firewood has dual impact on both users and the environment.

According to Oyetunji, the smoke from burning firewood poses health risks, leading to respiratory and heart diseases when inhaled.


He emphasised that the emitted smoke particles contribute to environmental pollution, impacting the ozone layer.


“The consistent use of firewood and other fossil fuels creates polluted air, affecting several Sustainable Development Goals (SDGs).

“They include SDG3 (Good Health and Well-being), SDG 7 (Affordable and clean energy), SDG 11 (sustainable cities and communities), and SDG 13 (climate action)”.

The World Health Organisation (WHO) points at fossil fuels, as major contributors to harmful emissions, significantly impact global health.

The WHO says 99 percent of the world’s population breathes air exceeding the organisation’s recommended quality limits, thereby posing threats to health.

Consequently, the WHO stresses the urgent need to reduce fossil fuel usage and implement tangible measures to alleviate air pollution.


Analysts say encouraging sustainable alternatives and efficient use of cooking gas could mitigate these environmental impacts and promote a healthier balance between energy needs and environmental conservation.

According to them, promoting sustainable practices, such as reforestation, efficient use of wood, and alternative energy sources, is essential to mitigate these environmental consequences.


An Environmentalist, Mr Newton Jibunoh, underscored the detrimental impact of tree felling for firewood in Nigeria, emphasising that it led to loss of biodiversity.

Charcoal stove impact on climate
Jibunoh highlighted that deforestation significantly diminishes habitats for diverse plant and animal species, resulting in a notable decline in overall biodiversity.

According to him, the crucial role trees play in preventing soil erosion cannot be ignored, saying that their removal, as seen in the quest for firewood, can lead to diminished soil fertility and an increase in erosion rates.


He drew attention to the role of trees in absorbing carbon dioxide, noting that widespread removal of trees for firewood contributes to elevated levels of greenhouse gases, thereby exacerbating the challenges posed by climate change.

“The significance of trees in regulating water cycles cannot be underestimated, deforestation disrupts local hydrological patterns, potentially affecting water availability in the region.

“Many communities rely on forests for resources, as deforestation intensifies, these communities experience adverse effects on their livelihoods and cultural practices”.

Experts advocate a shift to sustainable cooking practices in Nigeria by addressing the escalating costs of traditional fuels like gas.

They opine that fostering collaboration and addressing supply chain issues could stabilise and lower cooking gas prices, benefiting both the economy and the environment.


They also propose reforestation and alternative energy adoption to mitigate environmental impacts. (NAN)
https://www.vanguardngr.com/2024/03/economic-hardship-nigerians-return-to-charcoal-stoves-firewood-matters-arising/

Politics › 767 Manufacturers Shut Down Business In 2023 – MAN by treesun(op): 8:09am On Mar 06, 2024
At least 767 manufacturers shut down business, while 335 became distressed in 2023.


The Manufacturers Association of Nigeria, MAN, Director General, Ajayi Kadiri, disclosed this in a recent statement while reacting to the hardship in the country and the recently introduced Expatriate Employment Levy by the Federal Government.

DAILY POST recalls that President Bola Ahmed Tinubu unveiled the EEL handbook last week Tuesday, which will see a levy of between $10,000 to $15,000 on employers that employ expatriates in Nigeria.


However, MAN condemned the introduction of EEL despite the prevalence of hardship caused by soaring inflation that manufacturers in Nigeria grapple with.

The Association said the unintended negative consequences on the manufacturing sector are humongous and cannot be accommodated during the economic downturn.

“The imposition of EEL potentially impacts the manufacturing sector and the economy at large.


“This will, in turn, mark an unwarranted and unprecedented addition to the cost of doing business in Nigeria, especially to manufacturers. The manufacturing sector is already beset with multidimensional challenges. In 2023, 335 manufacturing companies became distressed and 767 shut down.

“Inventory of unsold finished products has increased to N350bn, and the real growth has dropped to 2.4 per cent,” it said.

DAILY POST recalls that since the removal of fuel subsidies and the floating of the Naira in June last year, Africa’s most populous nation, Nigeria, has continued to experience an inflation hike, which stood at 29.90 per cent in January 2024.


https://dailypost.ng/2024/03/06/767-manufacturers-shut-down-business-in-2023-man/
Business › Naira Depreciates To N1,620/$ At Parallel Market by treesun(op): 10:21pm On Mar 04, 2024
Naira, on Monday, depreciated to N1,620/$ at the parallel section of the foreign exchange market.

The figure represents N20 or 1.25 percent depreciation compared to the N1,600 it traded on March 1, 2024.

Speaking to TheCable, currency traders in Lagos, also known as bureau de change (BDC) operators, quoted the buying rate of the greenback at N1,580 and the selling price at N1,620 — leaving a profit margin of N40.

At the official window, the naira gained 0.9 percent to trade at N1,534.19/$ on Monday — from N1,548.25 per dollar on March 1.

According to data from FMDQ Securities, a platform that oversees foreign exchange trading in Nigeria, the local currency hit an intra-day trading high of N1,600.75 and a low of N1,425.35.

Meanwhile, Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), on February 28, 2024, said the naira is undervalued largely due to distortions by perpetrators in the foreign exchange market.

“As and when we come up with these distortions, we will take them off and throw them away and where there are distortions that come about as a result of bad behaviour, we will ensure that those who do it will face the music as a deterrent to ensure that others in future do not take that route,” Cardoso said.



He said the perpetrators confuse the FX market.
https://www.thecable.ng/naira-depreciates-to-n1620-at-parallel-market/amp?/naira-depreciates-to-n1620-at-parallel-market

Politics › Re: Looting Of NEMA Warehouse, Symptom Of Impending Revolution – Shehu Sani Warns by treesun(op): 6:15pm On Mar 03, 2024
Nlfpmod!

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