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nwekeugochukwu:May we not use our children's glory to shine! |
Despite having crude oil in abundance, Nigeria has consistently failed to meet oil production targets as stipulated in national budgets over the last 10 years, investigations by Daily Trust have shown. The country has, over time, maintained a mono-economy with crude oil sales constituting about 90 per cent of its foreign exchange earnings. However, experts have projected that non-oil exports should be the nation’s primary concern due to the volatility in the oil sector which Nigeria is susceptible to. Ambitious projections NIGERIA DAILY: Can Nigerians Afford To Pay More For Goods And Services This Time? Boko Haram kills 2 construction workers in Yobe Data obtained by this newspaper showed that the country consistently failed to meet its oil production targets by an average of 300,000 to 600,000 barrels per day (bpd) recorded shortfalls from 2013 to 2023. A breakdown of the data showed that in 2013, Nigeria produced between 2.1 million and 2.2 million barrels of crude oil. The then Minister of Finance and Coordinating Minister for the Economy, Ngozi Okonjo-Iweala had said that Nigeria was losing $1 billion revenue monthly, following the drop in oil production and the falling prices of crude oil at the international market. “Total losses, which stemmed from shut-in due to force majeure declared by oil companies, oil theft and illegal bunkering, was put at 300,000 barrels per day. The current production ranged from 2.1 million bpd to 2.2 million barrels per day, less than an estimated 2.5 million barrels per day for the 2013 budget,” she had said. In the 2014 budget, crude oil production was pegged at 2.3883 million barrels per day. However, the figures from the Nigerian National Petroleum Company Limited (NNPCL), then a public corporation, showed that 2.05 million barrels per day (mbpd) of crude were produced that year, a shortfall of at least 450,000 barrels. In 2015, former President Goodluck Jonathan signed the budget with a projection of 2.27 million bpd, and a crude oil price of $65. However, Nigeria’s oil production averaged 1.9 million bpd in 2015, representing a shortfall of over 300,000 bpd. Subsequently, the 2016 budget was prepared as Nigeria was on the verge of exiting recession, and oil production was pegged at 2.2 million bpd. By May 2016, Nigeria’s oil production had fallen drastically to 1.4 million bpd, nearly a 30-year low. After some government interventions, some of the disrupted productions were restored, and crude oil output averaged 1.6 million bpd in June, and continued in that trajectory until the end of the year. Similarly, in the 2017 budget, oil production was pegged at 2.2 million bpd and the oil price was $42.5 bpb. However, crude oil production has been far below projections as the Medium-Term Expenditure Framework for 2018 showed that the 2.2 million bpd was not met as average oil production fell to 2.04 million bpd. A similar situation recurred in relation to the 2018 budget which had a proposal of 2.3 million bpd but actual production was pegged at 1.84 million bpd by the then NNPC. Also, in 2019, oil production was projected at 2.3 million bpd with crude oil price pegged at $60 per barrel. However, crude oil production by Nigeria fell for the third month in a row in December 2019, to a new low of 1.5 million bpd as against a target production level of 2.18 million bpd at $57 per barrel. In 2020, the assumption of oil production of 2.18 million bpd was presented by the federal government with an oil price benchmark of $57 per barrel. However, in the year under review, total crude oil production in Nigeria dropped to about 900,000 barrels per day as a result of the effects of COVID-19. production output of 1.86 million barrels per day, although Nigeria had to shed off about 313,000 bpd for the first half of 2021 in line with Organisation of Petroeleum Exporting Countries (OPEC)+ cut agreement to stabilise global oil prices. Nigeria produced an average of 1.4 million bpd of crude. At the end of the year, the country ended up producing a maximum of 1.5 mbpd. In 2022, the projected crude oil production was 1.88 million bpd. However, reports from the NNPCL showed that Nigeria was barely able to produce 70 per cent of the total production forecast, losing roughly the rest to oil theft and sabotage, leading to incessant shut-in of planned output for the period. Nigeria’s production hovered around 1 million to 1.5 million bpd in 2022. In the 2023 budget, the crude oil price benchmark was $75 per barrel with crude oil production pegged at 1.69 million bpd. However, in the middle of that year, the country produced 998,602 bpd of crude oil, 66,317 bpd of blended condensates, and 180,110 bpd of unblended condensates. These figures made up 1.2 million bpd recorded, according to the NNPCL. Consequently, with an average of N1 billion monthly loss, the country lost N12 billion annually due to its inability to meet crude oil production target, which translates to N120 billion in the last 10 years. Crude theft, vandalism remain our nightmare Although crude oil theft and pipeline vandalism are not peculiar to Nigeria, the inability of the petrochemical refineries to become fully operational has compounded Nigeria’s woes. In a recent report posted on its X account formerly Twitter, the NNPCL said it recorded 127 crude oil theft incidents between December 2 and 8, 2023. During the period, the NNPCL and its security partners said they discovered several incidents, including 51 illegal refineries that were uncovered, 29 illegal connections were identified, vessels were found to have AIS (Automatic Identification System) infractions and six acts of pipeline vandalism were detected. The report specified that crude oil theft incidents occurred across various locations in Bayelsa, Rivers, Delta, Abia and Imo states, though some arrests were said to have been made. In a recent interview, the Group Managing Director of the NNPCL, Mele Kyari, said pipeline vandalism was being tackled, adding that when “The Dangote Refinery starts churning out products, they will be transported across the country using trucks.” Deploy AI in pipeline surveillance to curb theft – Expert A development expert, Joseph Momoh, said it was high time the federal government, through the NNPCL, commenced the deployment of Artificial Intelligence (AI) in pipeline surveillance. “We cannot succeed in tackling pipeline vandalism with only human beings watching over it. We also require artificial intelligence to always alert those in charge of imminent danger,” he said. Momoh further advised the NNPCL not to renege on its promise to resume full operations at the Port Harcourt, Warri and Kaduna refineries as Nigeria not only needed to meet the crude production target, but must also start refining the crude it produces. https://dailytrust.com/nigeria-fails-to-meet-oil-production-targets-in-10yrs/ |
Nlfpmod, people are hungry and is looking messy! |
ABUJA — THE Presidency last night lampooned former Vice President and Presidential candidate of the Peoples Democratic Party, PDP, in the February 25, 2023 election, Alhaji Atiku Abubakar, over his criticism of President Bola Tinubu’s administration. The Presidency said that the former Vice President has assumed the position of opposition-in-chief to President Tinubu and his government. It also said that Atiku’s claim that the government’s policies have created intense cost of living pressures are not grounded on facts, claiming that recent comparative cost of living indices showed that Nigerians still enjoy the lowest cost of living in Africa. These were contained in a statement issued by Bayo Onanuga, Special Adviser to the President on Information and Strategy, titled, “Atiku Abubakar and his new hobby.” The Presidency said while President Tinubu and his able team are working very hard to make our country better, ensure our economy is stronger and more competitive, Atiku Abubakar and his cohorts may continue to belly ache. The statement read: “Alhaji Atiku Abubakar has certainly found a new hobby to keep himself busy, having failed to achieve his lifelong ambition of becoming the President of the Federal Republic of Nigeria. He is increasingly carving for himself the role of opposition-in-chief to President Bola Ahmed Tinubu and his government. “However, we notice that the former Vice-President, just like in his political contests, is also doing a poor job of it, offering pedestrian and uninformed interventions on our economy and other matters of public concerns. “Atiku’s latest diatribe was another uncharitable commentary on the state of the economy and the efforts of the President Bola Tinubu administration in remoulding it for sustained prosperity. “Nigerians can easily see through the hypocrisy of Alhaji Atiku, who in accusing President Tinubu of poor response to the nation’s challenges and causing pains and despair, didn’t offer any better policy options in his run for the Presidency different from the economic reform agenda being pursued by President Tinubu. “All the major candidates agreed that the fuel subsidy regime, which had become an albatross on the economy, must end. They all agreed that the multiple exchange rates must be fixed. Where President Tinubu and Atiku differed was in selling NNPC Limited and other national assets. Atiku went for this so he could sell these important national assets to his friends and cronies. “President Tinubu removed the subsidy from Day One and announced moves to harmonise the exchange rates. Since then, he and his economic team have been working vigorously to harmonise the rates and also end the rampant and criminal arbitrage that the multiple windows allowed.” Related News Electricity: National grid restored after partial disturbance -TCN Tinubu, Buhari mourn ex-Yobe gov, Bukar Ibrahim EFCC renders account of stewardship, as details of recovered Humanitarian Affairs N37bn emerge According to the statement, President Tinubu acknowledged, on different occasions, that the reforms his government is implementing will cause immediate pains, but will usher in an era of prosperity in the medium and long terms. It said, “Minus Atiku, reputable local and international agencies who understand the situation the Tinubu administration found itself have commended the administration, having seen a policy trajectory that is clearly positive, realistic and sustainable. Atiku’s claims that the private sector is shrinking and that multinational companies are leaving our companies in ‘droves’ are not grounded on facts. “His claim that the government’s policies have created intense cost of living pressures are also not grounded on facts as recent comparative cost of living indices show that Nigerians still enjoy the lowest cost of living in Africa. “Instead of mouthing platitudes every time in a bid to earn cheap political mileage, Alhaji Atiku who presumes himself as the leader of opposition should tell Nigerians what he would have done better if he had been elected President.” The statement told the former Vice President to be honest enough to admit that President Tinubu inherited a weak economy, which to all intents and purposes and to ensure the survival of the country needs a complete overhaul. It said, “The economy was plagued by decades of significant fiscal deficits, a low revenue base, high external and domestic debts, and huge debt service burden. “The national budget Tinubu met in 2023 showed that 97 percent of revenue was to be spent on debt servicing, with little reserved for capital, thereby foreclosing growth and jobs. “Confronted with this grim economic reality, President Tinubu faced a difficult choice of balancing the political and economic costs of reforms against the risks of economic recession. His government chose the former, to keep the economy afloat and set it back on the path of growth and prosperity.” https://www.vanguardngr.com/2024/02/hardship-presidency-attacks-atiku-again-over-criticism-of-economy |
The Federal Government has announced its plan to reform the National Youth Service Corps (NYSC) to make it a revenue-generating agency.https://dailytrust.com/nysc-to-be-reformed-into-revenue-generating-agency-fg/
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Barely 24 hours after it increased the Customs exchange rate to N1, 356.883 per dollar on Friday, the Central Bank of Nigeria, CBN, has Saturday morning once again jerked up the rate to N1, 413.62.https://www.vanguardngr.com/2024/02/again-cbn-raises-import-duty-rate-by-another-4-4-in-24-hours/
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Nlfpmod, we are back to the days! |
Mynd4,Nlfpmod does this affect people who already paid the old rate for thrir containers! FG sending thousands to abject poverty daily! |
Increasing hardship! |
At least four policemen were killed and cache of ammunition carted away when suspected fighters of Islamic State of West Africa Province (ISWAP) attacked a police station in Nganzai Local Government Area of Borno State.https://dailytrust.com/breaking-iswap-fighters-raid-borno-police-station-gun-down-officers/
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The Federal Government through the Central Bank of Nigeria has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar. This is coming weeks after the rate was increased from N783/$ to N952/$. In November, the exchange rate for cargo clearance was raised from N757 per dollar to N783 per dollar, representing a 3.4 per cent increase, and was later raised from N783/$ to N952/$ in December. However, our correspondent observed on Friday that the new rate has been reflected on the portal of the Nigeria Customs Service. Meet Ondo Regent Whose Father Reigned For Three Days | Punch Reacting to this, a member of the Association of Nigerian Licensed Customs Agents, Remilekun Sikiru, in a chat with The PUNCH on Friday, said, “How do we explain this? From N952/$ to N1.4/$ as of Friday morning with about N404 increase? It’s quite unfortunate that the prices of goods and commodities will automatically increase. Importation would further decrease and depreciate, vehicle prices would skyrocket again. CBN orders banks to sell excess dollars in 24 hours “Since this unification of a thing, the government has refused to look inward and critically into the maritime industry as regards importation and exportation. The sector have been neglected and things are getting worse daily. The question now is, how would freight forwarders and customs brokers agents cope with this new rate?” Also speaking, an agent, Ben Anya, said that they woke up to the new rate, “which was before now set at N951 per dollar,” Anya explained that with the latest increase in the exchange rate, the cost of clearing would increase. “And this would also affect the cost of goods in the market. It would also lead to a drop in importation,” he said. https://punchng.com/just-in-fg-raises-exchange-rate-for-cargo-clearance-to-n1356/ |
Confirmed! |
A new report by SBM Intelligence, a reputable market intelligence, security analysis, and strategic consulting firm, has shed light on the alarming rise in insecurity that is plaguing Nigeria’s capital, Abuja. The report, titled ‘Inside Nigeria’s Hostage Capital: Unraveling the economic impact of Abuja’s kidnap epidemic,’ reveals distressing statistics and harrowing accounts of the city’s deteriorating security situation. Surge in Criminal Activities According to the report released on Thursday, Abuja has experienced a surge in various criminal activities including minor thefts, ‘One Chance’ robberies, armed robberies, and home break-ins. The situation reached a critical point with the recent spate of kidnappings, showcasing a rapid deterioration in the country’s security landscape. The report reads, “The deteriorating security situation in Nigeria’s capital has had a real effect on the lives of the city’s residents. “Insecurity in and around Abuja is fuelling tensions in the capital, and although the violence is still mostly in satellite towns such as Bwari and Kuje, our data, which spans between 15 January 2023 and 15 January 2024, shows a steady increase in abductions in the main city centres in Abuja Municipal Council Area, bringing insecurity closer to the heart of Nigeria’s government. “The economic environment has seen significant changes, with business revenue declining by 33% and estate security fees increasing by 20%. Transport fares have surged by 100-250%, while rent in upscale areas has risen by 10-50%, and rent in suburbs is subject to dispute. “Additionally, the number of residents abducted varies across area councils, with notable figures in Bwari (158), Kuje (67), and AMAC (30). “Similarly, the number of abductions in each area council shows higher rates in Bwari (20), Kuje (11), and AMAC ( , underscoring the pressing need for improved security measures.”The report highlights several chilling incidents, including the abduction of Mansoor Al-Kadriyar and six of his daughters on 5 January. Impact on Residents In the wake of these incessant attacks, Abuja residents have been compelled to take extensive measures to safeguard themselves and adapt to the grim reality. Interviews conducted with respondents across the city underscore the economic repercussions and profound impact of the kidnap epidemic on the lives of residents. Safety concerns have prompted many residents to ensure they return home before dark, disrupting the routines of those who work in the night economy. Affluent individuals seek refuge in the relative safety of hotels, while others shun public transportation in favour of ride-hailing services like Uber, leading to increased transport costs for many. Escalating Security Costs and Economic Fallout To fortify their defenses, many residents have invested in enhancing their security infrastructure, leading to escalated security costs. Some resort to extreme measures such as arming themselves with weapons like pepper sprays and knives. Families of victims bear untold financial losses and endure strained relationships, contributing to increased migration and brain drain. “The economic toll of insecurity is staggering, with business revenue in Abuja plummeting by 33%. Estate security fees have surged by 20%, while transport fares have skyrocketed by 100 – 250%. In upscale areas, rent has risen by 10 – 50%, exacerbating the financial strain on residents,” the report stated. Urgent Call for Government Action In light of these alarming developments, SBM Intelligence recommends swift government action against rising kidnappings, including enhanced security measures and provision of public transportation. “Given that the government’s primary obligation is to ensure the safety and security of its citizens, the government needs to urgently implement the recommended measures so as to ensure a community safe for all residents,” it added. https://www.vanguardngr.com/2024/02/business-revenue-in-abuja-down-33-due-to-insecurity-report/amp/ |
Mynd44! |
iwaeda:Nlfpmod, how many will die before we wake up! |
And one Deluded Bayo Onanuga is telling us, press is hyping the killings! |
At least 15 bodies have been recovered after an attack by armed invaders on Ugboju community in Agatu Local Government Area of Benue State.https://dailytrust.com/breaking-15-killed-in-fresh-attack-on-benue-community/
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christistruth01:Give us true news! |
Nlfpmod! |
President Bola Tinubu has restored the ownership of OPL 245 to European oil majors Eni and Shell, Peoples Gazette learnt this week, all but assuring an end to a yearslong corruption inquiry into the massive yet highly controversial deepwater oilfield. But the president agreed to the deal largely to expand his own riches when he was supposed to maximise its benefits for the Nigerian people, according to two officials familiar with the development. Months ago, as a precursor to the agreement finalised in London and Paris over the past week, Eni had transferred its onshore assets to Oando, run by the president’s nephew Wale Tinubu. The Gazette was told that there was an arrangement brokered by Mr Tinubu’s controversial ally Gilbert Chagoury that helped Oando acquire Nigerian Agip Oil Company Ltd and other Nigerian assets of Eni towards the end of 2023. The president also withdrew all existing cases against Shell and Eni from international tribunals and allowed both firms to take back control of OPL 245 based on the old contract under Goodluck Jonathan and without fresh dues to Nigeria. Following the transfer, which came in September 2023, Oando rapidly doubled its oil reserves to nearly one billion barrels, the company said. Both Eni and Oando did not disclose the amount involved, saying it was “price sensitive.” American investment banker Jefferies Group, however, said the deal was around $500 million. The sale appeared to have landed a hitherto struggling Oando its biggest-ever payday just within the first six months of its CEO’s uncle, believed to own a secret interest in the firm, being Nigerian president. Once a dealer The deal came last week after Nigerian officials departed Abuja on January 23 for London, where a so-called “new resolution agreement” was entered with representatives of the two oil firms. Those The Gazette heard were on the trip included state petroleum minister Heineken Lokpobiri, head of Nigerian upstream regulator NUPRC Gbenga Komolafe, attorney-general Lateef Fagbemi and anti-graft chief Ola Olukoyede. After signing the deal in London, the officials left for Paris to meet the president with the details, The Gazette heard. Mr Lokpobiri mounted enormous pressure on the Nigerian team to ensure the deal was reached, a source said. “He kept saying the president had an interest in the deal,” an official said. “We later found out that the deal was the main reason the president travelled to Paris.” One seething official feared the agreement could backfire and ensnare Nigeria in another round of international corruption controversy. Already, the newly revamped national oil company NNPC had distanced itself from the deal, saying it was never consulted by Eni despite holding interest in the business as a joint venture. In a September 4 letter to Eni, NNPC decried the Oando sale as a major breach and threatened to explore options towards reversing it and holding the Italian group accountable. NNPC H But Eni promptly fired back, saying it was under no obligation to inform its Nigerian counterpart before disposing of the assets. “NNPC has a pre-emption right on the JV shares, but Eni doesn’t have any contractual obligation to inform beforehand NNPC about the deal, also because the information was price sensitive for the potential buyer,” the firm stated. The Gazette heard that the NNPC has since backed down after learning of the president’s involvement in the contract. A spokesperson for the firm did not answer a call seeking comments. The deal appeared to suggest that Mr Tinubu was not ready to let go of his reputation as one of Nigeria’s fabled plutocrats, another official said this week. “We thought that he would want to use the office of the president to rehabilitate himself,” a senior administration aide told The Gazette under anonymity on Tuesday evening. “But it seems that he spends every day trying to validate his worst inclinations as a dyed-in-the-wool con man.” Prior to his election in February 2023, Mr Tinubu was the subject of a widely publicised U.S. court document that detailed his involvement in narcotics activities between the 1980s and 1990s. He was also previously exposed by The Gazette to have used his businesses to loot the Lagos treasury to the tune of billions of dollars. Months after his election, the president was found to have gamed his way into power using falsified academic records in violation of the Nigerian Constitution. The Supreme Court sidestepped the case to keep him in power. It was the second time the now-Nigerian leader would escape accountability for forgery, coming over a decade after a federal prosecutor charged and subsequently withdrew a criminal case against him over a slew of fraudulent submissions to the electoral office INEC when he successfully sought office as Lagos governor. Mr Tinubu has taken initial measures that convinced a section of the country about his readiness to combat corruption. He recently proactively suspended a minister accused of mismanagement, and queried another believed to be tied to the same scandal. This week, the president also asked the NNPC to direct its revenues to the central bank, earning widespread accolades from public finance experts, including prominent members of political opposition like Kingsley Moghalu. But beaming a spotlight on his handling of OPL-245 ownership could potentially remind Nigerians of the president’s unsavoury past and keep him under close scrutiny, one of his aides said. Presidential spokesman Bayo Onanuga won’t speak on the deal when reached Tuesday night, suggesting instead that only NNPC and NUPRC can clarify questions surrounding the deal. Shell, Eni and Oando did not comment between Monday and Tuesday. Lessons discarded The oil prospecting licence 245 in Nigeria’s offshore deepwater has courted controversy since April 29, 1998, when it was first awarded by Sani Abacha to Malabu Oil & Gas Ltd, a shady shell business linked to ex-convict Dan Etete, who was at the time serving as Nigeria’s petroleum minister. Eni estimated that the field could readily produce a reserve capacity of 560 million barrels, with experts saying the block’s actual reserve ranged from six to nine billion barrels. A 2018 report by HEDA and Global Witness found Nigeria stood to earn roughly $6 billion via long-term mining from the field, which sits about 150 kilometres south of Nigeria in the country’s territorial waters in the Gulf of Guinea. deepwater oil platform Deepwater oil platform(Credit: Nola.com) In March 2001, Malabu transferred 40 per cent of its ownership to Shell at $18 million. But a few months later, in July, President Olusegun Obasanjo abruptly withdrew ownership of the field from Shell and gave sole ownership to state-run NNPC. In 2002, NNPC transferred full ownership of the block again to Shell at a signature bonus of $210 million, which was locked in an escrow until all disputes had been resolved with the government, Malabu and other parties. In 2011, Shell partnered with Eni to pay the $210 million, saying it was the largest ever received by Nigeria for a prospecting licence to date. The 2011 payment later became one of the biggest scandals of the Jonathan administration and, evidently, the biggest embarrassment Nigeria suffered abroad in its handling of oil deals. Dubbed Malabu oil scandal, it exposed how several Nigerian officials, including former attorney-general Bello Adoke, colluded with Mr Etete, a money-laundering convict, to use Nigeria as a middle-man in the murky deal. About $1.1 billion from Shell and Eni was said to have been disbursed to the Nigerian officials involved through JP Morgan. Both Shell and Eni admitted knowledge of Mr Etete’s criminal background but, nonetheless, denied bribing him and other Nigerian officials. An Italian top court found both firms not guilty of any wrongdoing in the deal in a 2021 ruling. Mr Adoke also strongly denied any wrongdoing on behalf of himself and other Nigerian officials named with him, but a 2019 Abuja court warrant for Mr Etete’s arrest remained outstanding. ENI, SHELL ENI, SHELL Still, a senior official said the president was hasty in pulling back from other lawsuits relating to the OPL 245 field that were instituted by the previous administration. Unlike Mr Tinubu, President Muhammadu Buhari rebuffed all pressure to resolve the matters outside international tribunals. Mr Tinubu “discarded all the lessons Nigeria should have learnt from the Malabu oil scandal,” the official said under anonymity to steer clear of retribution. “His personal interest should not take precedence over Nigeria’s.” 50-50 Whereas Mr Tinubu prioritised his business interest around the deal, The Gazette was told Nigeria would benefit from a profit-sharing arrangement after the OPL 245 has successfully transformed into an extraction field due largely to a deal offered to the erstwhile Buhari administration. One of our sources said Shell and Eni would be compelled to keep to an earlier proposal made to Mr Buhari’s government, but which was suspended until a final resolution of the matter had been reached. Mr Buhari was pushing for a final decision on the civil liabilities of both Shell and Eni in London and Milan, respectively, before accepting an offer of 50 per cent of all proceeds from the field, according to sources. Mr Buhari’s argument was that the $1.1 billion, including the $210 signature bonus received by the Jonathan administration, that Shell and Eni paid to secure the licence in 2011 was a futile arrangement because the block should not have been awarded to Mr Etete in the first place. Dan Etete Dan Etete [Photo credit: Naira Metrics] The outgone administration based its argument on Nigeria’s code of conduct statute that barred public servants from awarding federal projects to themselves. As a minister in Mr Abacha’s government, Mr Etete should not have awarded OPL 245 ownership to a firm in which he had significant interest. With Mr Tinubu backing down from his predecessor’s $1.1 billion lawsuit against Shell and Eni in Nigeria and foreign jurisdictions, Eni also suspended its arbitration claims pending before the World Bank. “So what we are working with now is for the president to insist on the 50 per cent that Shell and Eni proposed in the past now that the cases have been withdrawn and parties are back on the same page,” an official said. “Since he has eaten his own, he should not restrain Nigeria’s hands.” https://gazettengr.com/exclusive-tinubu-screws-nigeria-over-in-paris-returns-opl-245-ownership-to-shell-eni-after-cornering-lucrative-onshore-assets-to-nephew-wales-oando/ |
Vice President Kashim Shettima has said delivering on the priority areas will help in addressing some of the challenges bedeviling the country, particularly the security situation occasioned by terrorism, kidnapping and banditry. The vice president stated this on Monday when he received the Global Managing Director of the Tony Blair Institute, Mr Michael McNair, who was on a courtesy visit to the Presidential Villa, Abuja. He said as soon as the government created jobs and engaged the youths, the challenges of terrorism, kidnappings and banditry would be drastically curtailed. He urged development partners to provide more support for the Tinubu administration to deliver on the Renewed Hope Agenda, especially in priority areas such as e-mobility, job creation, agriculture, food security and the power sector, among others. Shettima urges African leaders to ramp up 3% of continent’s global GDP Absence of judge stalls trial of Kano APC stalwart, Danbilki Sen. Shettima who noted the commitment of the Tinubu administration to delivering on the Renewed Hope Agenda said, “It is easy to talk but how to walk the talk is the most important component of leadership”. In support of the Tinubu administration’s drive to deepen the deployment and use of e-vehicles for public transportation, the vice president urged the TBI to make available its expertise in enhancing the adoption of the technology in Nigeria. The VP applauded TBI’s partnership with Nigeria, especially in the nation’s “Effort to deepen the quality of governance and leadership in priority areas of job creation, agriculture and food security, support for the power sector through the Niger Delta Power Holding Company (NDPHC) and the delivery unit that will track our efforts.” On his part, the Global Managing Director of the Tony Blair Institute, Mr Michael McNair, commended President Tinubu and Vice President Kashim Shettima’s leadership, noting that the VP’s impressive outing at the World Economic Forum, particularly his commitment to Africa’s future, was indicative of the country’s direction. https://dailytrust.com/shettima-kidnappings-banditry-will-be-drastically-curtailed-with-job-creation/ |
Kogi Ex-Governor, Yahaya Bello Cancels Okene Trip, Currently Hiding To Evade EFCC Arresthttps://saharareporters.com/2024/01/30/exclusive-kogi-ex-governor-yahaya-bello-cancels-okene-trip-currently-hiding-evade-efcc
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Nlfpmod! |
The Nigerian Government has been asked to take actionable steps to end the endemic insecurity, mitigate further attacks by kidnap syndicates and terrorist groups, and, account for persons missing in these attacks.https://ait.live/2423-nigerians-killed-with-1872-kidnapped-under-tinubu-presidency-group/
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GRAND SLAM CHAMPION 💪 Jannik Sinner, in his first Grand Slam final, has become #AusOpen champion! He came from two sets down to beat Daniil Medvedev 🔥 https://twitter.com/BBCSport/status/1751583804513226964
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Vice President Kashim Shettima said corrupt governance was responsible for the crises of insecurity and banditry in the Northern part of the country.https://www.vanguardngr.com/2024/01/corrupt-governance-responsible-for-insecurity-banditry-in-north-shettima/amp/
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Nlfpmod! |
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has debunked news making the rounds that the committee would recruit area boys to enforce the payment and collection of taxes.https://punchng.com/fg-cant-recruit-area-boys-to-collect-taxes-taiwo-oyedele/
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History555:Phillip? |
Hmm! |
Bandits Dressed in Hijab Attack Police Checkpoint, Kill Two Inspectors In Katsina Regional They carted away their rifles, leaving behind their operational vehicle and teargas at the checkpoint. Two police inspectors have been killed by gunmen suspected to be terrorists who dressed in Hijab at a checkpoint in Gurbin Magarya village along Jibia-Batsari road in Katsina state. A credible security source, who confirmed the incident in a telephone interview on Friday, said the officers were killed by the suspected terrorists on Thursday evening. He explained that the hoodlums after killing the police Joint Border Patrol inspectors, carted away their rifles, leaving behind their operational vehicle and teargas at the checkpoint. He said: “Some gunmen suspected to be bandits on bike killed two police inspectors and ran away with their guns at a checkpoint at Gurbin Magarya village along Jibia-Batsari road. “They attacked the police Joint Border Patrol checkpoint at about 4pm yesterday (Thursday) dressed in Abaya (Hijab). The corps of the officers have been evacuated to Katsina general hospital’s matury.” But when contacted, the State Police Public Relations Officer, ASP Abubakar Sadiq Aliyu, feigned ignorance of the incident. He, however, promised to investigate and get back to our correspondent but he did not as of press time. https://www.arise.tv/bandits-dressed-in-hijab-attack-police-checkpoint-kill-two-inspectors-in-katsina/#google_vignette |
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, underscoring the pressing need for improved security measures.”
