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BREAKING: Oodua groups back Tinubu on fuel subsidy removal

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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.

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Tinubu Appoints Former UNILAG VC Ogundipe as NUC Governing Board Chairman

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President Bola Tinubu has appointed former Vice-Chancellor of the University of Lagos, Professor Oluwatoyin Ogundipe, as the new Chairman of the Governing Board of the National Universities Commission (NUC).

The appointment was announced in a statement issued by Presidential Spokesperson, Bayo Onanuga, in Abuja.

Professor Ogundipe takes over from Emeritus Professor Olufemi Aina, who resigned from the position less than a year after his appointment. Aina was appointed in July 2025, while members of the NUC Governing Board were inaugurated in November of the same year.

A distinguished academic and Professor of Botany, Ogundipe served as Vice-Chancellor of the University of Lagos from 2017 to 2022. He is widely recognized for his contributions to molecular plant taxonomy, ethnobotany, ecological conservation, and related fields.

The new NUC chairman holds a Ph.D. in Botany from Obafemi Awolowo University, Ile-Ife, and an MBA from the University of Lagos. He currently serves as Pro-Chancellor of Redeemer’s University, Ede, Osun State.

Professor Ogundipe is a fellow of several prestigious professional bodies, including the Nigerian Academy of Science, the Linnean Society of London, and the Royal Society of Biology, London. He has also held leadership positions in the Botanical Society of Nigeria and the Lagos State Science, Research and Innovation Council.

President Tinubu expressed confidence in Ogundipe’s capacity to provide strategic leadership for the NUC. He charged the new chairman to strengthen quality assurance, improve access and funding, and promote integrity and global competitiveness within Nigeria’s university system in line with the administration’s Renewed Hope Agenda.

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PenCom gives MDAs deadline to submit retirees’ details

According to PenCom, the data collection exercise is critical to the smooth rollout of the Exit Benefit Scheme, which was recently approved by the Federal Government for employees of treasury-funded MDAs.

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The National Pension Commission has directed treasury-funded Ministries, Departments and Agencies to submit details of employees who retired or are due to retire between January 1 and December 31, 2026, as part of preparations for the implementation of the Federal Government’s newly approved Exit Benefit Scheme.

In a circular dated June 16, 2026, signed by the Acting Head of the Contribution and Bond Redemption Department, Murtala Modibbo, PenCom said that the information must reach the Commission on or before July 6, 2026, warning that submissions must be complete, accurate and strictly comply with the prescribed template.

The circular was addressed to heads and chief executive officers of treasury-funded federal MDAs.

According to PenCom, the data collection exercise is critical to the smooth rollout of the Exit Benefit Scheme, which was recently approved by the Federal Government for employees of treasury-funded MDAs.

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Police confirm Mushin Market Bomb Blast in Lagos

Preliminary findings indicated that the explosion was caused by an Improvised Explosive Device planted under a vehicle.

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The Commissioner of Police, Lagos State Command, Mr Fatai Tijani, has assured residents of safety following a bomb explosion at the Shoe Materials Market in Mushin on Monday.

Tijani gave the assurance while addressing journalists at the scene of the incident suspected to be an Improvised Explosive Device (IED), which triggered brief panic in the area.

According to him, the police received information about an explosion and immediately deployed Explosive Ordnance Disposal (EOD) operatives to cordon off and secure the area.

” We promptly deployed our EOD team after receiving reports of an explosion. The area was cordoned off and thoroughly searched,” he said.

He explained that preliminary findings indicated that the explosion was caused by an Improvised Explosive Device planted under a vehicle.

Tijani said the device was placed beneath the passenger side of the vehicle and detonated when the engine was started.

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