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CNG vehicles will reduce Nigeria’s inflation – FG

The Nigerian government has highlighted the potential economic benefits of adopting Compressed Natural Gas (CNG) to combat the country’s soaring inflation, which reached 33.69% in April 2024. During a stakeholders’ meeting in Port Harcourt, Michael Oluwagbemi, the Programme Director of the Presidential Initiative on Compressed Natural Gas (Pi-CNG), emphasized that switching to CNG could lead to significant cost savings for Nigerians, potentially reducing fuel expenses by 40-50%.
Oluwagbemi also pointed out that CNG is not only more economical but also safer and more environmentally friendly compared to petrol and diesel. He noted that CNG is 18 times safer and could substantially cut emissions. The broader adoption of CNG could help Nigeria save around $2.5 billion by converting every one million vehicles to CNG.
In line with these efforts, President Bola Ahmed Tinubu has directed all federal government ministries, departments, and agencies to acquire CNG buses, supporting the transition towards cleaner and more cost-effective fuel options. The government has also set the price of CNG at $1.57 per Metric Million British Thermal Unit, making it an attractive alternative for consumers and contributing to the national goal of reducing inflation through more stable and lower energy costs.
News
Governor Oyebanji Raises State’s monthly Subvention By N438.9 million
Similarly, the Governor has also approved payment of the outstanding 2020 leave bonus to local government workers

Ekiti State Governor, Mr Biodun Oyebanji has approved a major increment in the monthly subvention to the Judiciary and the legislative arm of government as well as the subvented institutions in the state.
The increment which amounts to N438.9 million monthly is to enable the institutions take care of the new minimum wage and the attendant consequential adjustment for workers.
In a statement,Olayinka OyebodeSpecial Adviser (Media) to the Governor, disclosed that the
beneficiaries of the increment include the Ekiti State Customary Court of Appeal, Ekiti State High Court of Justice; Ekiti State Judicial Service Commission, and Ekiti State House of Assembly Service Commission.
Others are Ekiti State University, Ado-Ekiti, (EKSU); Ekiti State University Teaching Hospital (EKSUTH); Bamidele Olumilua University of Education, Science and Technology (BOUESTI), Ikere Ekiti; Ekiti State Polythecnic, Isan Ekiti; College of Health Technology, Ijero-Ekiti and Non Academic Staff Union of Educational and associated Institutions.
Similarly, the Governor has also approved payment of the outstanding 2020 leave bonus to local government workers, in fulfilment of his promise to defray all outstanding entitlements of workers inherited from previous administrations.
While restating the commitment of his administration to the wellbeing and welfare of workers and retirees, Governor Oyebanji says efforts are being made to ensure payment of all outstanding entitlements including gratuities in line with the continuity and shared prosperity agenda of the government.
He urges workers in the state to remain focused on excellent service delivery and to see themselves as strategic stakeholders in the Ekiti Project.
News
JUST IN: Ajimobi’s eldest child, Bisola dies in UK

The first child of the immediate past governor of Oyo State, late Abiola Ajimobi’s, known as Bisola Ajimobi Kola-Daisi, is dead.
It was gathered that Bisola who is married to Mr Kolapo Kola-Daisi died in the early hours of Thursday.
She died at the age of 42.
According to reports, she died in the United Kingdom.
Until her death, she was the Special Adviser to the Minister of Budget and Planning, Atiku Bagudu.
The Special Adviser to the former governor, Mr Bolaji Tunji confirmed the incident to journalists in Ibadan on Thursday.
Tunji said, “Yes. It has been confirmed”.
News
BREAKING: Reps makes U-turn on bill to strip VP, govs of immunity

The House of Representatives on Thursday reversed its decision on the second reading of a bill which sought to strip the vice-president, governors and deputy governors of immunity.
The lower legislative chamber made the U-turn after the Majority Leader of the House, Julius Ihonvbere, moved a motion.
The bill, which is sponsored by Solomon Bob, a Peoples Democratic Party (PDP) lawmaker from Rivers State, passed second reading on Wednesday.
Bob noted that the bill seeks to “promote accountability in public office” by removing the immunity currently granted to the vice-president, governors and their deputies.
Section 308 of the Constitution states that “the president, vice-president, governor, and deputy governor, during the period he/she is holding the office, shall not be subjected to civil or criminal proceedings.
“The occupants of the office shall not also be arrested or imprisoned and no process of any court requiring or compelling their appearance.
”Bob stated said the move is to curb corruption, curb immunity, eradicate impunity and enhance accountability in public office.
The green chamber also rescinded its decision on the bill to abolish the death penalty.
The bill also passed second reading during plenary on Wednesday.
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