News
BREAKING: Oodua groups back Tinubu on fuel subsidy removal
The Coalition of Oodua Self-Determination Groups has appealed to Nigerians to support the subsidy removal by President Bola Tinubu saying that he took the right decision.
The leader of the Yoruba groups, Mr Razak Olokoba, while speaking in a joint press conference held at the Airport Hotel, Ikeja, Lagos State on Tuesday, June 6, 2023, said Nigeria cannot continue to budget trillions of naira on fuel subsidy alone.
He said, “For this year, 2023, Nigeria budgeted N11 trillion of its oil revenue on subsidising petrol alone. This cannot continue. This is good money going down the drain, with little or nothing to show for it.
“This huge amount can be channelled into solving our several deficits, including, infrastructural, housing, education, healthcare and generally upgrading the quality of life for Nigerians. It will also help strengthen the naira.
Olokoba stressed that Nigeria’s economy depends 90 per cent on petroleum exports for its revenue and one-third of its Gross Domestic Product has been zero revenue from the sector, adding, “Tinubu said he inherited the assets and liabilities of the last regime. Nigeria currently owes massive local and foreign debts to the tune of N71 trillion.”
The group’s leader maintained that if the subsidy is not killed, it will kill Nigerians while explaining that since the year 2000 when the Nigerian government gave 20 refinery licences to private companies, adding that none was built apart from Dangote’s recently inaugurated.
Olokoba further encouraged competition in the oil sector, noting that it will bring about lower prices.
Details later…
News
FG commissions 37 electric buses for civil servants
Walson-Jack described the commissioning as her “parting gift” to federal civil servants, coming less than 24 hours before the end of her tenure as Head of the Civil Service.
•Head of the Civil Service of the Federation, Mrs Didi Walson-Jack
The Federal Government has commissioned 37 electric buses as the first batch of 100 approved under the Renewed Hope Mass Transit Programme.
Each of the electric buses can carry up to 200 passengers and cover at least 200 kilometres on a full charge.
The full deployment will be completed by December 2026.
The buses were unveiled on Wednesday at Eagle Square, Abuja, with the Head of the Civil Service of the Federation, Mrs Didi Walson-Jack, describing the initiative as a significant step towards improving working conditions for government employees.
Walson-Jack described the commissioning as her “parting gift” to federal civil servants, coming less than 24 hours before the end of her tenure as Head of the Civil Service.
“What we have here is 37 buses, being the first instalment of the 100 Electric Buses,” she said.
She noted that transportation costs and challenges directly affect workers’ finances, safety, punctuality and productivity.
“For many Civil Servants, the daily commute shapes their finances, their safety, their punctuality, and ultimately their productivity,” she said.
The buses will initially operate on selected routes under a pilot phase before being expanded nationwide.
They will eventually be deployed to Federal Secretariats across the states to extend the benefits to civil servants outside Abuja.
News
NIGCOMSAT To Procure Two New Communication Satellites
The deployment is expected to extend connectivity to underserved, unserved and hard -to- reach communities, strengthen national communications resilience and increase Nigeria’s capacity to deliver satellite e-enabled services.
The federal government, through the Federal Executive Council (FEC), has approved the acquisition of two communications satellites, NIGCOMSAT 2A and NIGCOMSAT 2B.
This was contained in a statement released by the Nigerian Communications Satellite Limited (NIGCOMSAT), and signed by the Acting Head, Corporate Affairs Division, Stephen Kwande.
He said that the satellites, to be deployed by Nigeria Communications Satellite Limited (NIGCOMSAT), are designed to expand Nigeria’s satellite capacity and strengthen broadband, broadcasting, enterprise and critical communications services.
NIGCOMSAT will lead implementation under the supervision of the Federal Ministry of Communications, Innovation and Digital Economy.
The deployment is expected to extend connectivity to underserved, unserved and hard -to- reach communities, strengthen national communications resilience and increase Nigeria’s capacity to deliver satellite e-enabled services.
News
Gunmen abduct Dangote Cement senior driver in Ogun
The victim was attacked by three gunmen as he alighted from his motorcycle in front of his residence.
Gunmen have abducted a senior driver with Dangote Cement Company, Ibese Plant, Ogun State, Usman Umar, popularly known as “Baba Olowo,” in Yewa North local government area of the State.
A senior official of Dangote Cement, Ibese Plant, confirmed the incident, saying that Umar was reportedly abducted around midnight on Wednesday at Ajibawo Village, near Ijako-Orile, shortly after returning home from work.
The source said that the victim was attacked by three gunmen as he alighted from his motorcycle in front of his residence.
The assailants were said to have dragged him into a nearby bush while firing shots into the air to scare residents and prevent them from intervening.
The incident has reportedly prompted security operatives to commence efforts to locate the victim and apprehend his abductors.
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