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  •  The Chairman House of Representatives Committee on Basic Education and Services Julius Ihonvbere APC Edo has expressed concern over the falling standard of education in the country Ihonvbere a professor raised the concern in an interview with the News Agency of Nigeria in Abuja on Sunday He therefore called for holistic and sustained attention to the education sector to reverse the trend According to him to say that the standard of education in the country has fallen woefully is no longer debatable He explained that the poor and mediocre quality students graduating from the nation s school system could destroy the country if not urgent action is taken With such poor knowledge and low competency you can t expect excellent output They go into industry because their fathers and mothers have connections and they ruin them They go into security forces they compromise the ethics of those institutions you put them as ambassadors they not only avoid assignments but they are completely invisible So the declining quality is affecting us already In some major universities in the world if you go there even with a first class or second class upper from a Nigerian university they still make you take one or two undergraduate courses So there is a need for a holistic and sustained attention to the education sector If the basic is broken it will affect it right up to the university level because the basic produces those that go to the secondary university and polytechnic I believe there is a lot that can be done it s just a matter of commitment political will and the courage to do it he said NewsSourceCredit NAN
    Edo Rep expresses concern over falling standard of education
     The Chairman House of Representatives Committee on Basic Education and Services Julius Ihonvbere APC Edo has expressed concern over the falling standard of education in the country Ihonvbere a professor raised the concern in an interview with the News Agency of Nigeria in Abuja on Sunday He therefore called for holistic and sustained attention to the education sector to reverse the trend According to him to say that the standard of education in the country has fallen woefully is no longer debatable He explained that the poor and mediocre quality students graduating from the nation s school system could destroy the country if not urgent action is taken With such poor knowledge and low competency you can t expect excellent output They go into industry because their fathers and mothers have connections and they ruin them They go into security forces they compromise the ethics of those institutions you put them as ambassadors they not only avoid assignments but they are completely invisible So the declining quality is affecting us already In some major universities in the world if you go there even with a first class or second class upper from a Nigerian university they still make you take one or two undergraduate courses So there is a need for a holistic and sustained attention to the education sector If the basic is broken it will affect it right up to the university level because the basic produces those that go to the secondary university and polytechnic I believe there is a lot that can be done it s just a matter of commitment political will and the courage to do it he said NewsSourceCredit NAN
    Edo Rep expresses concern over falling standard of education
    General news1 month ago

    Edo Rep expresses concern over falling standard of education

    The Chairman, House of Representatives Committee on Basic Education and Services, Julius Ihonvbere (APC-Edo) , has expressed concern over the falling standard of education in the country.

    Ihonvbere, a professor raised the concern in an interview with the News Agency of Nigeria in Abuja on Sunday.

    He, therefore, called for holistic and sustained attention to the education sector to reverse the trend.

    According to him, to say that the standard of education in the country has fallen woefully is no longer debatable.

    He explained that the poor and mediocre quality students graduating from the nation’s school system could destroy the country, if not urgent action is taken.

    “With such poor knowledge and low competency, you can’t expect excellent output.

    “They go into industry because their fathers and mothers have connections and they ruin them.

    “They go into security forces, they compromise the ethics of those institutions, you put them as ambassadors, they not only avoid assignments, but they are completely invisible.

    “So the declining quality is affecting us already.

    “In some major universities in the world, if you go there even with a first class or second class upper from a Nigerian university, they still make you take one or two undergraduate courses.

    “So there is a need for a holistic and sustained attention to the education sector.

    “If the basic is broken, it will affect it right up to the university level, because the basic produces those that go to the secondary, university and polytechnic.

    “I believe there is a lot that can be done, it’s just a matter of commitment, political will, and the courage to do it,” he said.


    NewsSourceCredit: NAN

  •  The Federal Road Safety Corps FRSC has warned motorists against competition on the highway during the Ember months Mr Taiwo Sulaiman the Unit Commander Badagry Command of FRSC gave the warning at the 2022 Ember Months Flag off Campaign organised by the command on Saturday The News Agency of Nigeria reports that the theme of the campaign is Avoid Speeding Over loading and Unsafe Tyres to Arrive Alive Sulaiman said Highways are not for competition let us avoid speeding over loading and all forms of distraction while driving Ember months are characterised by a lot of festivities resulting to an increase in human and vehicular movement He said that his command began intense public enlightenment education and sensitisation of motorists and road users on proper use of the highways He said that this was done against the erroneous believe that ember months were evil The Commander urged motorists to avoid night driving and operate within stipulated speed limits during the period Sulaiman said that if these instructions were heeded there would be less number of crashes on highways during ember months Also speaking Mr Sikiru Aduloju the Apapa Unit Commander of the FRSC urged drivers to refrain from exceeding speed limits which could lead to unnecessary loss of lives Aduloju who represented the Sector Commander Lagos Command Mr Olusegun Olugbemide said that the command had embarked on advocacy and enlightenment programme to schools motor parks Churches Mosques and other public places He urged commercial drivers and other road users to always respect and observe road safety laws Prince Sesi Whingan the All Progressives Congress APC candidate for House of Representatives Badagry commended the command on its efforts in reducing road crashes on the highways He promised to give all necessary support to the corps to ensure a safe motoring environment Whingah called on government to provide more logistics for the corps to enable them to perform optimally The Chairman Lagos State Parks and Garage Management Seme Kweme branch Chief Akeem Sanni commended the command for the repeated enlightenment programmes for the commercial drivers He said that the enlightenment would make them to be more cautious on the roads Sanni promised to partner the command to educate commercial bus drivers in order to bring sanity to their operations NewsSourceCredit NAN
    Ember months: Avoid competition on highways, FRSC tells motorists
     The Federal Road Safety Corps FRSC has warned motorists against competition on the highway during the Ember months Mr Taiwo Sulaiman the Unit Commander Badagry Command of FRSC gave the warning at the 2022 Ember Months Flag off Campaign organised by the command on Saturday The News Agency of Nigeria reports that the theme of the campaign is Avoid Speeding Over loading and Unsafe Tyres to Arrive Alive Sulaiman said Highways are not for competition let us avoid speeding over loading and all forms of distraction while driving Ember months are characterised by a lot of festivities resulting to an increase in human and vehicular movement He said that his command began intense public enlightenment education and sensitisation of motorists and road users on proper use of the highways He said that this was done against the erroneous believe that ember months were evil The Commander urged motorists to avoid night driving and operate within stipulated speed limits during the period Sulaiman said that if these instructions were heeded there would be less number of crashes on highways during ember months Also speaking Mr Sikiru Aduloju the Apapa Unit Commander of the FRSC urged drivers to refrain from exceeding speed limits which could lead to unnecessary loss of lives Aduloju who represented the Sector Commander Lagos Command Mr Olusegun Olugbemide said that the command had embarked on advocacy and enlightenment programme to schools motor parks Churches Mosques and other public places He urged commercial drivers and other road users to always respect and observe road safety laws Prince Sesi Whingan the All Progressives Congress APC candidate for House of Representatives Badagry commended the command on its efforts in reducing road crashes on the highways He promised to give all necessary support to the corps to ensure a safe motoring environment Whingah called on government to provide more logistics for the corps to enable them to perform optimally The Chairman Lagos State Parks and Garage Management Seme Kweme branch Chief Akeem Sanni commended the command for the repeated enlightenment programmes for the commercial drivers He said that the enlightenment would make them to be more cautious on the roads Sanni promised to partner the command to educate commercial bus drivers in order to bring sanity to their operations NewsSourceCredit NAN
    Ember months: Avoid competition on highways, FRSC tells motorists
    General news1 month ago

    Ember months: Avoid competition on highways, FRSC tells motorists

    The Federal Road Safety Corps (FRSC) has warned motorists against competition on the highway during the Ember months.

    Mr Taiwo Sulaiman, the Unit Commander, Badagry Command of FRSC, gave the warning at the 2022 Ember Months Flag-off Campaign, organised by the command on Saturday.

    The News Agency of Nigeria reports that the theme of the campaign is: ”Avoid Speeding, Over-loading and Unsafe Tyres to Arrive Alive”.

    Sulaiman said, ”Highways are not for competition, let us avoid speeding, over-loading and all forms of distraction while driving.

    ”Ember months are characterised by a lot of festivities, resulting to an increase in human and vehicular movement.

    ” He said that his command began intense public enlightenment, education and sensitisation of motorists and road users on proper use of the highways.

    He said that this was done against the erroneous believe that ember months were evil.

    The Commander urged motorists to avoid night driving and operate within stipulated speed limits during the period.

    Sulaiman said that if these instructions were heeded, there would be less number of crashes on highways during ember months.

    Also speaking, Mr Sikiru Aduloju, the Apapa Unit Commander of the FRSC, urged drivers to refrain from exceeding speed limits, which could lead to unnecessary loss of lives.

    Aduloju, who represented the Sector Commander, Lagos Command, Mr Olusegun Olugbemide, said that the command had embarked on advocacy and enlightenment programme to schools, motor parks, Churches, Mosques and other public places.

    He urged commercial drivers and other road users to always respect and observe road safety laws.

    Prince Sesi Whingan, the All Progressives Congress (APC) candidate for House of Representatives, Badagry, commended the command on its efforts in reducing road crashes on the highways.

    He promised to give all necessary support to the corps to ensure a safe motoring environment.

    Whingah called on government to provide more logistics for the corps to enable them to perform optimally.

    The Chairman, Lagos State Parks and Garage Management, Seme-Kweme branch, Chief Akeem Sanni, commended the command for the repeated enlightenment programmes for the commercial drivers.

    He said that the enlightenment would make them to be more cautious on the roads.

    Sanni promised to partner the command to educate commercial bus drivers in order to bring sanity to their operations.


    NewsSourceCredit: NAN

  •  Dr Zainab Bagudu wife of Kebbi Governor has called on government at all levels to show more commitment to cancer prevention awareness campaigns Bagudu also the Founder Medicaid Cancer Foundation MCF made the call during a cancer awareness walk on Saturday in Abuja She said the walk tagged WalkAwayCancer was aimed at raising awareness on the dangers of cancer and the need for prevention and early detection The governor s wife said that anti cancer campaign would yield more positive results if all tiers of government took it seriously She urged all levels of government to evolve policy measures to drive the prevention care and treatment of cancer in the country All the tiers of government should support the society and the fight against cancer by implementing life saving policies she said Bagudu said that early detection was key to the prevention and management of cancer adding we should continue to preach this She urged the governments corporate bodies and good spirited individuals to support the procurement of vaccines for the prevention of cervical cancer Also speaking Mrs Halima Tukur a member of the House of Representatives urged Nigerians to periodically make themselves available for cancer screening Tukur also called on governments and other stakeholders to take steps towards supporting cancer patients Mrs Gloria Orji a cancer survivor and President Network of People Impacted by Cancer in Nigeria NEPICIN said that cancer was not a death sentence Orji who expressed confidence in the ability of early detection and medications to mitigate the impact of cancer said it was time to show care to cancer patients She commended the MCF for its commitment and support for cancer patients in Nigeria Orji therefore urged cancer patients not to lose hope assuring them of cure through dedication faith and treatment www ng NewsSourceCredit NAN
    Gov’s wife urges greater commitment to cancer prevention campaign
     Dr Zainab Bagudu wife of Kebbi Governor has called on government at all levels to show more commitment to cancer prevention awareness campaigns Bagudu also the Founder Medicaid Cancer Foundation MCF made the call during a cancer awareness walk on Saturday in Abuja She said the walk tagged WalkAwayCancer was aimed at raising awareness on the dangers of cancer and the need for prevention and early detection The governor s wife said that anti cancer campaign would yield more positive results if all tiers of government took it seriously She urged all levels of government to evolve policy measures to drive the prevention care and treatment of cancer in the country All the tiers of government should support the society and the fight against cancer by implementing life saving policies she said Bagudu said that early detection was key to the prevention and management of cancer adding we should continue to preach this She urged the governments corporate bodies and good spirited individuals to support the procurement of vaccines for the prevention of cervical cancer Also speaking Mrs Halima Tukur a member of the House of Representatives urged Nigerians to periodically make themselves available for cancer screening Tukur also called on governments and other stakeholders to take steps towards supporting cancer patients Mrs Gloria Orji a cancer survivor and President Network of People Impacted by Cancer in Nigeria NEPICIN said that cancer was not a death sentence Orji who expressed confidence in the ability of early detection and medications to mitigate the impact of cancer said it was time to show care to cancer patients She commended the MCF for its commitment and support for cancer patients in Nigeria Orji therefore urged cancer patients not to lose hope assuring them of cure through dedication faith and treatment www ng NewsSourceCredit NAN
    Gov’s wife urges greater commitment to cancer prevention campaign
    General news1 month ago

    Gov’s wife urges greater commitment to cancer prevention campaign

    Dr Zainab Bagudu, wife of Kebbi Governor, has called on government at all levels to show more commitment to cancer prevention awareness campaigns.

    Bagudu, also the Founder, Medicaid Cancer Foundation (MCF), made the call during a cancer awareness walk on Saturday in Abuja.

    She said the walk tagged ”WalkAwayCancer” was aimed at raising awareness on the dangers of cancer and the need for prevention and early detection.

    The governor’s wife said that anti-cancer campaign would yield more positive results if all tiers of government took it seriously.

    She urged all levels of government to evolve policy measures to drive the prevention, care and treatment of cancer in the country.

    “All the tiers of government should support the society and the fight against cancer by implementing life-saving policies,” she said.

    Bagudu said that early detection was key to the prevention and management of cancer adding,” we should continue to preach this” She urged the governments, corporate bodies and good spirited individuals to support the procurement of vaccines for the prevention of cervical cancer Also speaking, Mrs Halima Tukur, a member of the House of Representatives, urged Nigerians to periodically make themselves available for cancer screening.

    Tukur also called on governments and other stakeholders to take steps towards supporting cancer patients.

    Mrs Gloria Orji, a cancer survivor and President, Network of People Impacted by Cancer in Nigeria (NEPICIN) said that cancer was not a death sentence.

    Orji, who expressed confidence in the ability of early detection and medications to mitigate the impact of cancer, said it was time to show care to cancer patients.

    She commended the MCF for its commitment and support for cancer patients in Nigeria.

    Orji therefore urged cancer patients not to lose hope, assuring them of cure through dedication, faith and treatment.

    www.

    ng
    NewsSourceCredit: NAN

  •   Reps committee mulls budget review for tribunal seeks implementation of Pay As You Go Tribunal By Femi Ogunsola Abuja Oct 29 2022 The House of Representatives Committee on Commerce has said that it will consider an upward review of the budgetary allocation to Competition and Consumer Protection Tribunal CCPT The committee also sought the implementation of the judgment the tribunal passed against Multichoice Nigeria Ltd on Pay As You Go Ayotomiwa Ayodele CCPT Head of Corporate Communications and Strategy Unit disclosed this on Saturday in a statement issued in Abuja She said the lawmakers promised to look into the complaint of the tribunal arising from the cut in its 2023 budgetary provision with a view to reviewing the allocation The Chairman of the House Committee Rep Femi Fakeye commended the tribunal for a job well done in the year under review The statement quoted CCPT Chairman Hajia Saratu Shafii as saying that the tribunal s 2023 budget was slashed by 38 per cent Shafii urged the committee to look into the budget and use its power of allocation to improve the lots of the tribunal in order for it to achieve better service delivery The statement quoted the lawmaker as seizing the opportunity to inquire about one of the major cases brought before the tribunal which involved Multichoice Nigeria Ltd According to her Hon Thomas Okosun the presiding member of the three man panel that adjudicated on the case highlighted the verdicts of the tribunal and the recent judgment on the Stay of Execution filed by Multichoice She said the committee thereafter tasked the tribunal to ensure that the Pay As You Go stance was enforced to curb the unreasonable payment of unused services by Multichoice subscribers across the country s NewsSourceCredit NAN
    Reps committee mulls budget review for tribunal, seeks implementation of “Pay-As-You-Go“
      Reps committee mulls budget review for tribunal seeks implementation of Pay As You Go Tribunal By Femi Ogunsola Abuja Oct 29 2022 The House of Representatives Committee on Commerce has said that it will consider an upward review of the budgetary allocation to Competition and Consumer Protection Tribunal CCPT The committee also sought the implementation of the judgment the tribunal passed against Multichoice Nigeria Ltd on Pay As You Go Ayotomiwa Ayodele CCPT Head of Corporate Communications and Strategy Unit disclosed this on Saturday in a statement issued in Abuja She said the lawmakers promised to look into the complaint of the tribunal arising from the cut in its 2023 budgetary provision with a view to reviewing the allocation The Chairman of the House Committee Rep Femi Fakeye commended the tribunal for a job well done in the year under review The statement quoted CCPT Chairman Hajia Saratu Shafii as saying that the tribunal s 2023 budget was slashed by 38 per cent Shafii urged the committee to look into the budget and use its power of allocation to improve the lots of the tribunal in order for it to achieve better service delivery The statement quoted the lawmaker as seizing the opportunity to inquire about one of the major cases brought before the tribunal which involved Multichoice Nigeria Ltd According to her Hon Thomas Okosun the presiding member of the three man panel that adjudicated on the case highlighted the verdicts of the tribunal and the recent judgment on the Stay of Execution filed by Multichoice She said the committee thereafter tasked the tribunal to ensure that the Pay As You Go stance was enforced to curb the unreasonable payment of unused services by Multichoice subscribers across the country s NewsSourceCredit NAN
    Reps committee mulls budget review for tribunal, seeks implementation of “Pay-As-You-Go“
    General news1 month ago

    Reps committee mulls budget review for tribunal, seeks implementation of “Pay-As-You-Go“

    Reps committee mulls budget review for tribunal, seeks implementation of “Pay-As-You-Go“ Tribunal By Femi Ogunsola Abuja, Oct. 29, 2022   The House of Representatives Committee on Commerce has said that it will consider an upward review of the budgetary allocation to Competition and Consumer Protection Tribunal (CCPT).

    The committee also sought the implementation of the judgment the tribunal passed against Multichoice Nigeria Ltd. on “Pay-As-You-Go“.

    Ayotomiwa Ayodele, CCPT Head of Corporate Communications and Strategy Unit, disclosed this on Saturday in a statement issued in Abuja.

    She said the lawmakers promised to look into the complaint of the tribunal arising from the cut in its 2023 budgetary provision with a view to reviewing the allocation.

    The Chairman of the House Committee, Rep. Femi Fakeye, commended the tribunal for a job well done in the year under review.

    The statement quoted CCPT Chairman, Hajia Saratu Shafii, as saying that the tribunal’s 2023 budget was slashed by 38 per cent.

    Shafii urged the committee to look into the budget and use its power of allocation to improve the lots of the tribunal in order for it to achieve better service delivery.

    The statement quoted the lawmaker as seizing the opportunity to inquire about one of the major cases brought before the tribunal which involved Multichoice Nigeria Ltd. According to her, Hon. Thomas Okosun, the presiding member of the three-man panel that adjudicated on the case, highlighted the verdicts of the tribunal and the recent judgment on the Stay-of Execution filed by Multichoice.

    She said the committee thereafter tasked the tribunal to ensure that the “Pay-As-You-Go“ stance was enforced to curb the unreasonable payment of unused services by Multichoice subscribers across the country.

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    NewsSourceCredit: NAN

  •  The Presidential Candidate of the Peoples Democratic Party PDP and former Vice President Atiku Abubakar on Thursday arrived in Washington DC United States on a working visit This is contained in a statement in Abuja on Friday by Mr Paul Ibe Media Adviser to Atiku According to Ibe the presidential candidate will be in the U S for a week long engagement that will opportune the frontline presidential candidate to share his vision for Nigeria with U S business communities and young Nigerian professionals in North America He also said that the visit would afford Atiku the opportunity of high level engagements aimed at setting the pace for building an economically stronger and more secure Nigeria He added that the delegation of the former Vice President comprised senior members of the PDP presidential campaign council personal aides and other members of the PDP Those in the official delegation included the Director General of the PDP presidential campaign council and Governor of Sokoto State Aminu Tambuwal former Senate President Bukola Saraki former Governor of Imo Emeka Ihedioha as well as the Minority Leader of the House of Representatives Ndudi Elumelu among others he said cokerdeborah yahoo com NewsSourceCredit NAN
    Atiku in US for a week long high level engagement…Ibe
     The Presidential Candidate of the Peoples Democratic Party PDP and former Vice President Atiku Abubakar on Thursday arrived in Washington DC United States on a working visit This is contained in a statement in Abuja on Friday by Mr Paul Ibe Media Adviser to Atiku According to Ibe the presidential candidate will be in the U S for a week long engagement that will opportune the frontline presidential candidate to share his vision for Nigeria with U S business communities and young Nigerian professionals in North America He also said that the visit would afford Atiku the opportunity of high level engagements aimed at setting the pace for building an economically stronger and more secure Nigeria He added that the delegation of the former Vice President comprised senior members of the PDP presidential campaign council personal aides and other members of the PDP Those in the official delegation included the Director General of the PDP presidential campaign council and Governor of Sokoto State Aminu Tambuwal former Senate President Bukola Saraki former Governor of Imo Emeka Ihedioha as well as the Minority Leader of the House of Representatives Ndudi Elumelu among others he said cokerdeborah yahoo com NewsSourceCredit NAN
    Atiku in US for a week long high level engagement…Ibe
    General news1 month ago

    Atiku in US for a week long high level engagement…Ibe

    The Presidential Candidate of the Peoples Democratic Party (PDP) and former Vice President, Atiku Abubakar on Thursday arrived in Washington DC, United States on a working visit.

    This is contained in a statement in Abuja on Friday by Mr Paul Ibe, Media Adviser to Atiku.

    According to Ibe, the presidential candidate will be in the U.

    S. for a week long engagement that will opportune the frontline presidential candidate to share his vision for Nigeria with U.

    S. business communities and young Nigerian professionals in North America.

    He also said that the visit would afford Atiku the opportunity of high level engagements aimed at setting the pace for building an economically stronger and more secure Nigeria.

    He added that the delegation of the former Vice President comprised senior members of the PDP presidential campaign council, personal aides and other members of the PDP.

    “Those in the official delegation included the Director-General of the PDP presidential campaign council and Governor of Sokoto State, Aminu Tambuwal; former Senate President, Bukola Saraki; former Governor of Imo, Emeka Ihedioha, as well as the Minority Leader of the House of Representatives, Ndudi Elumelu, among others,” he said.

    cokerdeborah@yahoo.

    com
    NewsSourceCredit: NAN

  •  The Competition and Consumer Protection Tribunal CCPT on Friday in Abuja faulted the decrease in the annual budgetary allocation to the tribunal The Chairman of the tribunal Hajiya Saratu Shafii made this complaint when she appeared before the House of Representatives Committee on Commerce to defend 2023 budget Shafii who gave detailed account of the 2022 performance said that in spite of the financial challenges the tribunal s budget was reduced by 13 per cent from what it was in 2022 The tribunal chairman said that in 2022 the budget was N1 19 billion saying that it has been reduced to N900 72 million The chairman said that in 2022 the sum of N148 29 million was earmarked for personnel cost N150million for overhead cost and N589 34 million for capital cost She said that in the year under review the tribunal generated the sum of N10 5 million as Internally Generated Revenue IGR Shafii said that the tribunal plans to open two zonal offices in 2023 but from the envelop it may not be possible She said that there was no rent allowance for the chairman and honourable members of the tribunal in the budget Shafii said that for the 2023 the sum of N154 49 million was earmarked for personnel cost N159 77 million for overhead and N586 34 million for capital expenditures She urged the committee to look into the budget and use its power of allocation to improve the lot of the tribunal for better service delivery The Chairman of the committee Rep Femi Fakeye lauded the tribunal for a job well done in the year under review He tasked the tribunal to ensure pay as you go is implemented by Multichoice Nigeria Ltd and other cable networks in the country He said that the committee would look into the complaint of the tribunal with the view to reviewing the budget where possible NewsSourceCredit NAN
    Tribunal faults 13% reduction in budgetary allocation
     The Competition and Consumer Protection Tribunal CCPT on Friday in Abuja faulted the decrease in the annual budgetary allocation to the tribunal The Chairman of the tribunal Hajiya Saratu Shafii made this complaint when she appeared before the House of Representatives Committee on Commerce to defend 2023 budget Shafii who gave detailed account of the 2022 performance said that in spite of the financial challenges the tribunal s budget was reduced by 13 per cent from what it was in 2022 The tribunal chairman said that in 2022 the budget was N1 19 billion saying that it has been reduced to N900 72 million The chairman said that in 2022 the sum of N148 29 million was earmarked for personnel cost N150million for overhead cost and N589 34 million for capital cost She said that in the year under review the tribunal generated the sum of N10 5 million as Internally Generated Revenue IGR Shafii said that the tribunal plans to open two zonal offices in 2023 but from the envelop it may not be possible She said that there was no rent allowance for the chairman and honourable members of the tribunal in the budget Shafii said that for the 2023 the sum of N154 49 million was earmarked for personnel cost N159 77 million for overhead and N586 34 million for capital expenditures She urged the committee to look into the budget and use its power of allocation to improve the lot of the tribunal for better service delivery The Chairman of the committee Rep Femi Fakeye lauded the tribunal for a job well done in the year under review He tasked the tribunal to ensure pay as you go is implemented by Multichoice Nigeria Ltd and other cable networks in the country He said that the committee would look into the complaint of the tribunal with the view to reviewing the budget where possible NewsSourceCredit NAN
    Tribunal faults 13% reduction in budgetary allocation
    General news1 month ago

    Tribunal faults 13% reduction in budgetary allocation

    The Competition and Consumer Protection Tribunal (CCPT) on Friday in Abuja faulted the decrease in the  annual budgetary allocation to the tribunal.

    The Chairman of the tribunal, Hajiya Saratu   Shafii, made this complaint when she appeared before the House of Representatives Committee on Commerce to defend 2023 budget Shafii who gave detailed account of the 2022 performance said that in spite of the financial challenges, the tribunal’s budget was reduced by 13 per cent from what it was in 2022. The tribunal chairman said that in 2022, the budget was N1.19 billion saying that it has been reduced to N900.72 million.

    The chairman said that in 2022, the sum of N148.29 million was earmarked for personnel cost, N150million for overhead cost and N589.34 million for capital cost.

    She said that in the year under review, the tribunal generated the sum of N10.5 million as Internally Generated Revenue (IGR) Shafii said that the tribunal plans to open two zonal offices in 2023 but from the envelop, it may not be possible.

    She said that there was no rent allowance for the chairman and honourable members of the tribunal in the budget.

    Shafii said that for the 2023, the sum of N154.49 million was earmarked for personnel cost, N159.77 million for overhead and N586.34 million for capital expenditures.

    She urged the committee to look into the budget and use its power of allocation to improve the lot of the tribunal for better service delivery.

    The Chairman of the committee, Rep.  Femi Fakeye, lauded the tribunal for a job well done in the year under review.

    He tasked the tribunal to ensure pay-as-you-go is implemented by Multichoice Nigeria Ltd and other cable networks in the country.

    He said that the committee would look into the complaint of the tribunal with the view to reviewing the budget where possible.


    NewsSourceCredit: NAN

  •  Justice Inyang Ekwo of a Federal High Court Abuja has fixed March 20 for report on the Court of Appeal decision in a suit filed against Gov Bello Matawalle over his defection from the Peoples Democratic Party PDP to the All Progressives Congress APC Justice Ekwo who fixed the date on Thursday said the development became necessary since a similar suit was pending at Court of Appeal Abuja He also recalled a judgment he delivered in a similar suit sacking Governor David Umahi of Ebonyi and his deputy Eric Igwe which a Court of Appeal in Enugu upturned in another separate suit The News Agency of Nigeria reports that Justice Ekwo had on March 8 ordered the removal of Umahi and Igwe as governor and deputy governor of Ebonyi following their defection from PDP to APC The judge held that the 393 042 votes polled by Umahi in the March 9 2019 governorship election belonged to the PDP and cannot be legally transferred to the APC But unsatisfied with the judgment Umahi and his deputy appealed the lower court decision at Court of Appeal Abuja In another development the Court of Appeal sitting in Enugu also on April 1 affirmed the judgement of Ebonyi High Court Abakaliki which quashed a suit challenging the defection of Umahi and Igwe to the APC The suit in Abakaliki was filed by the governorship candidate of the APC in 2019 in Ebonyi Sen Suny Ogbuoji and his running mate Mr Justin Ogodo Umahi and his deputy had on November 2020 left the PDP for APC citing injustice by the PDP against the South East geopolitical zone When the PDP matter against Matawalle and others was called on Thursday counsel for the plaintiffs M A Ebute SAN informed that the Court of Appeal in Abuja was yet to decide the case Justice Ekwo held that it would be better to await the superior court decision on the legality of the defection He subsequently adjourned the matter until March 20 for report NAN reports that while Matawalle state and federal lawmakers from the state defected from the PDP to the APC his deputy governor Barrister Mahdi Aliyu Mohammed did not But the PDP in a suit marked 6502021 had prayed the court for an order removing Matawalle as governor over his defection to APC The party also asked the court to sack the senators House of Representatives members and state House of Assembly s members who decamped alongside the governor to APC Amidst the legal battle the Zamfara House of Assembly impeached the erstwhile deputy governor Mohammed NewsSourceCredit NAN
    Judge adjourns until March 20 for Appellate Court decision on Matawalle’s defection
     Justice Inyang Ekwo of a Federal High Court Abuja has fixed March 20 for report on the Court of Appeal decision in a suit filed against Gov Bello Matawalle over his defection from the Peoples Democratic Party PDP to the All Progressives Congress APC Justice Ekwo who fixed the date on Thursday said the development became necessary since a similar suit was pending at Court of Appeal Abuja He also recalled a judgment he delivered in a similar suit sacking Governor David Umahi of Ebonyi and his deputy Eric Igwe which a Court of Appeal in Enugu upturned in another separate suit The News Agency of Nigeria reports that Justice Ekwo had on March 8 ordered the removal of Umahi and Igwe as governor and deputy governor of Ebonyi following their defection from PDP to APC The judge held that the 393 042 votes polled by Umahi in the March 9 2019 governorship election belonged to the PDP and cannot be legally transferred to the APC But unsatisfied with the judgment Umahi and his deputy appealed the lower court decision at Court of Appeal Abuja In another development the Court of Appeal sitting in Enugu also on April 1 affirmed the judgement of Ebonyi High Court Abakaliki which quashed a suit challenging the defection of Umahi and Igwe to the APC The suit in Abakaliki was filed by the governorship candidate of the APC in 2019 in Ebonyi Sen Suny Ogbuoji and his running mate Mr Justin Ogodo Umahi and his deputy had on November 2020 left the PDP for APC citing injustice by the PDP against the South East geopolitical zone When the PDP matter against Matawalle and others was called on Thursday counsel for the plaintiffs M A Ebute SAN informed that the Court of Appeal in Abuja was yet to decide the case Justice Ekwo held that it would be better to await the superior court decision on the legality of the defection He subsequently adjourned the matter until March 20 for report NAN reports that while Matawalle state and federal lawmakers from the state defected from the PDP to the APC his deputy governor Barrister Mahdi Aliyu Mohammed did not But the PDP in a suit marked 6502021 had prayed the court for an order removing Matawalle as governor over his defection to APC The party also asked the court to sack the senators House of Representatives members and state House of Assembly s members who decamped alongside the governor to APC Amidst the legal battle the Zamfara House of Assembly impeached the erstwhile deputy governor Mohammed NewsSourceCredit NAN
    Judge adjourns until March 20 for Appellate Court decision on Matawalle’s defection
    General news1 month ago

    Judge adjourns until March 20 for Appellate Court decision on Matawalle’s defection

    Justice Inyang Ekwo of a Federal High Court, Abuja, has fixed March 20 for report on the Court of Appeal decision in a suit filed against Gov. Bello Matawalle over his defection from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).

    Justice Ekwo, who fixed the date on Thursday, said the development became necessary since a similar suit was pending at Court of Appeal, Abuja.

    He also recalled a judgment he delivered in a similar suit sacking Governor David Umahi of Ebonyi and his deputy, Eric Igwe, which a Court of Appeal in Enugu upturned in another separate suit.

    The News Agency of Nigeria reports that Justice Ekwo had, on March 8, ordered the removal of Umahi and Igwe, as governor and deputy governor of Ebonyi, following their defection from PDP to APC.

    The judge held that the 393, 042 votes polled by Umahi in the March 9, 2019 governorship election belonged to the PDP and cannot be legally transferred to the APC.

    But unsatisfied with the judgment, Umahi and his deputy appealed the lower court decision at Court of Appeal, Abuja.

    In another development, the Court of Appeal sitting in Enugu also, on April 1, affirmed the judgement of Ebonyi High Court, Abakaliki, which quashed a suit challenging the defection of Umahi and Igwe to the APC.

    The suit in Abakaliki was filed by the governorship candidate of the APC in 2019 in Ebonyi, Sen. Suny Ogbuoji and his running mate, Mr Justin Ogodo.

    Umahi and his deputy had on November 2020 left the PDP for APC, citing injustice by the PDP against the South-East geopolitical zone.

    When the PDP matter against Matawalle and others was called on Thursday, counsel for the plaintiffs, M.

    A.

    Ebute, SAN, informed that the Court of Appeal in Abuja was yet to decide the case.  

    Justice Ekwo held that it would be better to await the superior court decision on the legality of the defection.  

    He subsequently adjourned the matter until March 20 for report.

    NAN reports that while Matawalle, state and federal lawmakers from the state defected from the PDP to the APC, his deputy governor, Barrister Mahdi Aliyu Mohammed, did not.

    But the PDP, in a suit marked: 6502021 had prayed the court for an order removing Matawalle as governor over his defection to APC.

    The party also asked the court to sack the senators, House of Representatives members and state House of Assembly’s members who decamped alongside the governor to APC.

    Amidst the legal battle, the Zamfara House of Assembly impeached the erstwhile deputy governor, Mohammed.


    NewsSourceCredit: NAN

  •  There was standstill in Ogbomoso Oyo State as thousands of supporters of the All Progressives Congress APC held rally supporting the party s Presidential and Vice Presidential candidates Bola Tinubu and Kashim Shettima The News Agency of Nigeria reports that the rally also served as an avenue to canvass votes for other candidates of the party in order to ensure the party s victory in the forthcoming 2023 general elections NAN reports that APC supporters and other residents in Ogbomoso came out enmass to participate in the rally leading to traffic gridlock in the town and its environs Present at the rally were the Governorship candidate of APC Sen Teslim Folarin representing Oyo North Senatorial District Sen Fatai Buhari Rep Oluwasegun Odebunmi representing Federal Constituency Others were APC candidate for Ogbomoso Federal Constituency Olamijuwolo Alao Akala APC candidate for Ogbomoso North State House of Assembly Mrs Wumi Oladeji and Ogbomoso South Constituency candidate Adegoke Ayodeji The rally which started at Rounder area through Aromole terminated at Oja Igbo area of Ogbomoso Addressing the crowd the state Chairman of APC Isaac Omodewu expressed confidence in the victory of Tinubu and other candidates of the party following the massive turnout of people for the rally Omodewu said that President Muhammadu Buhari led administration has done his best calling on people of the state and Nigeria in general to vote for Tinubu for better governance He condemned the administration of Gov Seyi Makinde over alleged lavish spending of the state s resource and for using gas and diesel to power street light instead of solar power In her remarks Wumi Oladeji a State House of Assembly member and the candidate for Ogbomoso North said the crowd witnessed in Ogbomoso was unprecedented Oladeji said that the calibre of candidates presented by APC was an indication that the party would deliver dividends of democracy to people of Oyo State and Nigeria in general She assured the people that the party would not relent on its oars until victory was achieved Also Rep Olusegun Odebunmi representing Ogooluwa in the House of Representatives said Ogbomoso zone is for APC and will deliver it for Tinubu and other party s candidates for 2023 general elections Odebunmi promised to facilitate more constituency projects for his constituents if re elected in the forthcoming elections In his remarks Alao Akala promised quality representation if voted in The candidate son of the late Chief Adebayo Alao Akala former Governor of Oyo State assured his people that they would get what they deserve in service delivery Also Folarin said the rally was to show the whole world that APC has a good product in person of Tinubu He said that the campaign would continue until APC achieve victory NewsSourceCredit NAN
    2023: Standstill in Ogbomoso as APC holds rally for Tinubu, Shettima
     There was standstill in Ogbomoso Oyo State as thousands of supporters of the All Progressives Congress APC held rally supporting the party s Presidential and Vice Presidential candidates Bola Tinubu and Kashim Shettima The News Agency of Nigeria reports that the rally also served as an avenue to canvass votes for other candidates of the party in order to ensure the party s victory in the forthcoming 2023 general elections NAN reports that APC supporters and other residents in Ogbomoso came out enmass to participate in the rally leading to traffic gridlock in the town and its environs Present at the rally were the Governorship candidate of APC Sen Teslim Folarin representing Oyo North Senatorial District Sen Fatai Buhari Rep Oluwasegun Odebunmi representing Federal Constituency Others were APC candidate for Ogbomoso Federal Constituency Olamijuwolo Alao Akala APC candidate for Ogbomoso North State House of Assembly Mrs Wumi Oladeji and Ogbomoso South Constituency candidate Adegoke Ayodeji The rally which started at Rounder area through Aromole terminated at Oja Igbo area of Ogbomoso Addressing the crowd the state Chairman of APC Isaac Omodewu expressed confidence in the victory of Tinubu and other candidates of the party following the massive turnout of people for the rally Omodewu said that President Muhammadu Buhari led administration has done his best calling on people of the state and Nigeria in general to vote for Tinubu for better governance He condemned the administration of Gov Seyi Makinde over alleged lavish spending of the state s resource and for using gas and diesel to power street light instead of solar power In her remarks Wumi Oladeji a State House of Assembly member and the candidate for Ogbomoso North said the crowd witnessed in Ogbomoso was unprecedented Oladeji said that the calibre of candidates presented by APC was an indication that the party would deliver dividends of democracy to people of Oyo State and Nigeria in general She assured the people that the party would not relent on its oars until victory was achieved Also Rep Olusegun Odebunmi representing Ogooluwa in the House of Representatives said Ogbomoso zone is for APC and will deliver it for Tinubu and other party s candidates for 2023 general elections Odebunmi promised to facilitate more constituency projects for his constituents if re elected in the forthcoming elections In his remarks Alao Akala promised quality representation if voted in The candidate son of the late Chief Adebayo Alao Akala former Governor of Oyo State assured his people that they would get what they deserve in service delivery Also Folarin said the rally was to show the whole world that APC has a good product in person of Tinubu He said that the campaign would continue until APC achieve victory NewsSourceCredit NAN
    2023: Standstill in Ogbomoso as APC holds rally for Tinubu, Shettima
    General news1 month ago

    2023: Standstill in Ogbomoso as APC holds rally for Tinubu, Shettima

    There was standstill in Ogbomoso, Oyo State, as thousands of supporters of the All Progressives Congress (APC), held rally supporting the party’s Presidential and Vice Presidential candidates, Bola Tinubu and Kashim Shettima.

    The News Agency of Nigeria reports that the rally also served as an avenue to canvass votes for other candidates of the party in order to ensure the party’s victory in the forthcoming 2023 general elections.

    NAN reports that APC supporters and other residents in Ogbomoso came out enmass to participate in the rally, leading to traffic gridlock in the town and its environs.

    Present at the rally were the Governorship candidate of APC, Sen. Teslim Folarin, representing Oyo North Senatorial District; Sen. Fatai Buhari; Rep. Oluwasegun Odebunmi, representing Federal Constituency.

    Others were: APC candidate for Ogbomoso Federal Constituency, Olamijuwolo Alao-Akala, APC candidate for Ogbomoso North State House of Assembly; Mrs Wumi Oladeji and Ogbomoso South Constituency candidate Adegoke Ayodeji.

    The rally, which started at Rounder area through Aromole, terminated at Oja-Igbo area of Ogbomoso.

    Addressing the crowd, the state Chairman of APC, Isaac Omodewu, expressed confidence in the victory of Tinubu and other candidates of the party following the massive turnout of people for the rally.

    Omodewu said that President Muhammadu Buhari-led administration has done his best, calling on people of the state and Nigeria in general, to vote for Tinubu for better governance.

    He condemned the administration of Gov. Seyi Makinde over alleged lavish spending of the state’s resource and for using gas and diesel to power street light instead of solar power.

    In her remarks, Wumi Oladeji, a State House of Assembly member and the candidate for Ogbomoso North, said the crowd witnessed in Ogbomoso was unprecedented.

    Oladeji said that the calibre of candidates presented by APC was an indication that the party would deliver dividends of democracy to people of Oyo State and Nigeria in general.

    She assured the people that the party would not relent on its oars until victory was achieved.

    Also, Rep. Olusegun Odebunmi, representing Ogooluwa in the House of Representatives, said, “Ogbomoso zone is for APC and will deliver it for Tinubu and other party’s candidates for 2023 general elections.

    ” Odebunmi promised to facilitate more constituency projects for his constituents, if re-elected in the forthcoming elections.

    In his remarks, Alao-Akala, promised quality representation, if voted in.

    The candidate, son of the late Chief Adebayo Alao-Akala, former Governor of Oyo State, assured his people that they would get what they deserve in service delivery.

    Also, Folarin said the rally was to show the whole world that APC has a good product in person of Tinubu.

    He said that the campaign would continue until APC achieve victory.


    NewsSourceCredit: NAN

  •  The House of Representatives Ad hoc Committee on duplication of functions of government agencies has expressed the desire to merge the Administrative State College of Nigeria AS ON with the Public Service Institute of Nigeria PSIN Rep Victor Danzaria the Chairman of the Committee said this in Abuja when the Director General of ASCON Mrs Cecilia Gayya appeared before the committee on Thursday There are agencies of government that do not have enabling act yet government still spends money on them It is tough for this county to keep these agencies while we keep borrowing money to maintain them he said He said the committee duty was to establish areas of mergers synergies and justification of existence The truth is even though you may have your enabling act this committee will determine whether it should repeal amended or take away the justification of the existence of your agencies If the service delivery is not there if Nigeria is not gaining from the agency why are they existing he said He said the country would not continue to borrowing money to maintain agencies that needed to be merged or taken away He said the consideration for merger was due to overlapping function of both agencies saying that it cost the government a lot of money to maintain agencies with similar responsibilities Gayya had earlier admitted that the agency s functions overlapped with those of PSIN in areas of training consultancy and research www ng NewsSourceCredit NAN
    Reps panel mulls ASCON, PSIN merger
     The House of Representatives Ad hoc Committee on duplication of functions of government agencies has expressed the desire to merge the Administrative State College of Nigeria AS ON with the Public Service Institute of Nigeria PSIN Rep Victor Danzaria the Chairman of the Committee said this in Abuja when the Director General of ASCON Mrs Cecilia Gayya appeared before the committee on Thursday There are agencies of government that do not have enabling act yet government still spends money on them It is tough for this county to keep these agencies while we keep borrowing money to maintain them he said He said the committee duty was to establish areas of mergers synergies and justification of existence The truth is even though you may have your enabling act this committee will determine whether it should repeal amended or take away the justification of the existence of your agencies If the service delivery is not there if Nigeria is not gaining from the agency why are they existing he said He said the country would not continue to borrowing money to maintain agencies that needed to be merged or taken away He said the consideration for merger was due to overlapping function of both agencies saying that it cost the government a lot of money to maintain agencies with similar responsibilities Gayya had earlier admitted that the agency s functions overlapped with those of PSIN in areas of training consultancy and research www ng NewsSourceCredit NAN
    Reps panel mulls ASCON, PSIN merger
    General news1 month ago

    Reps panel mulls ASCON, PSIN merger

    The House of Representatives Ad hoc Committee on duplication of functions of government agencies, has expressed the desire to merge the Administrative State College of Nigeria (AS ON) with the Public Service Institute of Nigeria (PSIN).

    Rep. Victor Danzaria, the Chairman of the Committee, said this in Abuja when the Director- General of ASCON, Mrs Cecilia Gayya, appeared before the committee on Thursday.

    “There are agencies of government that do not have enabling act, yet government still spends money on them.

    It is tough for this county to keep these agencies while we keep borrowing money to maintain them,” he said.

    He said the committee duty was to establish areas of mergers, synergies and justification of existence.

    “The truth is even though you may have your enabling act, this committee will determine whether it should repeal, amended or take away the justification of the existence of your agencies.

    “If the service delivery is not there, if Nigeria is not gaining from the agency, why are they existing,” he said.

    He said the country would not continue to borrowing money to maintain agencies that needed to be merged or taken away.

    He said the consideration for merger was due to overlapping function of both agencies, saying that it cost the government a lot of money to maintain agencies with similar responsibilities.

    Gayya, had earlier admitted that the agency’s functions overlapped with those of PSIN in areas of training, consultancy and research.

    www.

    ng
    NewsSourceCredit: NAN

  •  The Minister of Finance Budget and National Planning Mrs Zainab Ahmed says the Federal Government is working on strategic plans to address inflation and ensure decongestion of ports in the country Ahmed said this when she fielded questions from lawmakers at the presentation of the 2022 budget performance before the House of Representatives Committee on Finance on Wednesday in Abuja The minister said that inflation which has risen to 23 per cent was worrisome saying that the inflation in Nigeria has a number of components Ahmed said that one of the components was imported inflation which means that occurrences in developed countries also affected Nigeria According to her the Russia Ukraine war has an impact on Nigeria in the instance that some of the inputs for our food production are affected Ahmed also said that the decision of the U S Central Banks and Europe Central Bank also effected Nigeria because the country depended on imported goods from the countries The minister attributed the rise in food price to the high cost of diesel in the country saying that transporting farm produce to market also affected the final price of food in the market From the monetary side what the CBN is doing to manage inflation is monetary tightening by mopping up liquidity On the side of the government President Muhammadu Buhari has authorised the National Food Security Council we held a meeting yesterday evening on how some support will be provided One of the means is releasing stocks from the strategic reserves we are also looking at how to support inputs like fertilizer production as well as inputs such as feeds The committee will be meeting in the next couple of days to provide recommendations to the President that will be announced for implementation she said Responding to a question on why Nigerian businesses were using Ghanaian ports for their imports the minister said that local ports were congested The unfortunate reality is that a lot of importers prefer to go to our neighbours to clear their goods as a result of that she said Ahmed said that the Ministry of Finance had bought very large scanners that have been put in place in three locations to help fasten the clearing process and contribute in decongesting the ports The minister also said that the Ports Authority was also trying to reorganise the ports to attain better efficiency by controlling entry and exit According to her the rail line from Lagos to Abuja is also being extended to Apapa so that containers even before inspection can be taken out of the Apapa ports to other locations for inspection to be done We believe that the combination of these efforts will improve the efficiency of our ports and result in Nigeria being able to attract its own business and businesses of our neighbours into Nigeria she said On the 2022 budget performance Ahmed said that the budget envisaged that 1 6 million barrels of crude oil would be produced per day but only 1 26 million was produced blaming the shortfall on oil theft She said that the price of a barrel of crude oil was fixed at 73 dollars but was sold at 110 dollars saying Nigeria did not benefit much from the hike as a result of crude theft Ahmed said that the exchange rate was fixed at N410 to dollar but it went for N424 to the dollar in the cause of the year She said inflation was estimated at 16 1 per cent but went up to 23 per cent while GDP growth which was estimated at 3 55 per cent stood at 3 54 per cent NewsSourceCredit NAN
    FG working on strategic plans to address inflation: Minister
     The Minister of Finance Budget and National Planning Mrs Zainab Ahmed says the Federal Government is working on strategic plans to address inflation and ensure decongestion of ports in the country Ahmed said this when she fielded questions from lawmakers at the presentation of the 2022 budget performance before the House of Representatives Committee on Finance on Wednesday in Abuja The minister said that inflation which has risen to 23 per cent was worrisome saying that the inflation in Nigeria has a number of components Ahmed said that one of the components was imported inflation which means that occurrences in developed countries also affected Nigeria According to her the Russia Ukraine war has an impact on Nigeria in the instance that some of the inputs for our food production are affected Ahmed also said that the decision of the U S Central Banks and Europe Central Bank also effected Nigeria because the country depended on imported goods from the countries The minister attributed the rise in food price to the high cost of diesel in the country saying that transporting farm produce to market also affected the final price of food in the market From the monetary side what the CBN is doing to manage inflation is monetary tightening by mopping up liquidity On the side of the government President Muhammadu Buhari has authorised the National Food Security Council we held a meeting yesterday evening on how some support will be provided One of the means is releasing stocks from the strategic reserves we are also looking at how to support inputs like fertilizer production as well as inputs such as feeds The committee will be meeting in the next couple of days to provide recommendations to the President that will be announced for implementation she said Responding to a question on why Nigerian businesses were using Ghanaian ports for their imports the minister said that local ports were congested The unfortunate reality is that a lot of importers prefer to go to our neighbours to clear their goods as a result of that she said Ahmed said that the Ministry of Finance had bought very large scanners that have been put in place in three locations to help fasten the clearing process and contribute in decongesting the ports The minister also said that the Ports Authority was also trying to reorganise the ports to attain better efficiency by controlling entry and exit According to her the rail line from Lagos to Abuja is also being extended to Apapa so that containers even before inspection can be taken out of the Apapa ports to other locations for inspection to be done We believe that the combination of these efforts will improve the efficiency of our ports and result in Nigeria being able to attract its own business and businesses of our neighbours into Nigeria she said On the 2022 budget performance Ahmed said that the budget envisaged that 1 6 million barrels of crude oil would be produced per day but only 1 26 million was produced blaming the shortfall on oil theft She said that the price of a barrel of crude oil was fixed at 73 dollars but was sold at 110 dollars saying Nigeria did not benefit much from the hike as a result of crude theft Ahmed said that the exchange rate was fixed at N410 to dollar but it went for N424 to the dollar in the cause of the year She said inflation was estimated at 16 1 per cent but went up to 23 per cent while GDP growth which was estimated at 3 55 per cent stood at 3 54 per cent NewsSourceCredit NAN
    FG working on strategic plans to address inflation: Minister
    General news1 month ago

    FG working on strategic plans to address inflation: Minister

    The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed says the Federal Government is working on strategic plans to address inflation and ensure decongestion of ports in the country.

    Ahmed said this when she fielded questions from lawmakers at the presentation of the 2022 budget performance before the House of Representatives Committee on Finance on Wednesday in Abuja.

    The minister said that inflation which has risen to 23 per cent, was worrisome, saying that the inflation in Nigeria has a number of components.

    Ahmed said that one of the components was imported inflation, which means that occurrences in developed countries also affected Nigeria.

    According to her, the Russia-Ukraine war has an impact on Nigeria in the instance that some of the inputs for our food production are affected.

    Ahmed also said that the decision of the U.

    S Central Banks and Europe Central Bank also effected Nigeria because the country depended on imported goods from the countries.

    The minister attributed the rise in food price to the high cost of diesel in the country saying that transporting farm produce to market also affected the final price of food in the market.

    “From the monetary side, what the CBN is doing to manage inflation is monetary tightening by mopping up liquidity.

    “On the side of the government, President Muhammadu Buhari has authorised the National Food Security Council, we held a meeting yesterday evening on how some support will be provided.

    “One of the means is releasing stocks from the strategic reserves; we are also looking at how to support inputs like fertilizer production as well as inputs such as feeds.

    “The committee will be meeting in the next couple of days to provide recommendations to the President that will be announced for implementation,’’ she said.

    Responding to a question on why Nigerian businesses were using Ghanaian ports for their imports ,the minister said that local ports were congested.

    “The unfortunate reality is that a lot of importers prefer to go to our neighbours to clear their goods as a result of that,” she said.

    Ahmed said that the Ministry of Finance had bought very large scanners that have been put in place in three locations to help fasten the clearing process and contribute in decongesting the ports.

    The minister also said that the Ports Authority was also trying to reorganise the ports to attain better efficiency by controlling entry and exit.  

    According to her, the rail line from Lagos to Abuja is also being extended to Apapa so that containers, even before inspection can be taken out of the Apapa ports to other locations for inspection to be done.

    “We believe that the combination of these efforts will improve the efficiency of our ports and result in Nigeria being able to attract its own business and businesses of our neighbours into Nigeria,’’ she said.

    On the 2022 budget performance, Ahmed said that the budget envisaged that 1.6 million barrels of crude oil would be produced per day but only 1.26 million was produced, blaming the shortfall on oil theft.

    She said that the price of a barrel of crude oil was fixed at 73 dollars but was sold at 110 dollars saying Nigeria did not benefit much from the hike as a result of crude theft.

    Ahmed said that the exchange rate was fixed at N410 to dollar but it went for N424 to the dollar in the cause of the year.

    She said inflation was estimated at 16.1 per cent but went up to 23 per cent, while GDP growth which was estimated at 3.55 per cent, stood at 3.54 per cent.


    NewsSourceCredit: NAN

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