Home Blog Page 155

How Opposition Is Threat To Nigeria’s Democracy – Atiku Abubakar

Atiku Abubakar

Presidential candidate of the main opposition People’s Democratic Party (PDP) in the 2023 elections in Nigeria, Atiku Abubakar has blamed opposition for the failure of democracy in the country.
He said: “today, the failings of the opposition parties to uphold the functionality of their existence is the major threat to our democracy.”
In his message today, June 11, to mark the nation’s Democracy Day coming up tomorrow, June 12, Atiku emphasized that the opposition political parties are more guilty than the ruling party for the seeming lack of capacity to come together and galvanize a coalition that will retire the ruling party and articulate a plan of good governance that will earn the conviction of Nigerians.
“The earlier they realise that the fortunes of Nigeria lies in their forging a coalition, the better it will be for our country and the people.”
Atiku, who is the former Nigeria’s Vice President, insisted however that there is no substitute to democracy as a form of government.
“Whereas our current democratic dispensation is a quarter of a century old, it will not be out of place to pay tributes to the sacrifices made by many patriots, chiefly among them Basorun MKO Abiola and his beloved wife, Alhaja (Mrs) Kudirat Abiola, Tafida Shehu Yar’Adua and Alfred Rewane, among many others.
“The historical timeline of the struggle that birthed this democracy is abundant with a series of coalitions and alliances amongst the political leaderships of that era to flush away the vestiges of military and dictatorial governance in order to return power to the people.
“It is commendable that for 25 years, we have witnessed an uninterrupted season of electoral politics. It is an unprecedented epoch in our history.
“It is worthy of celebration and commendation must go to the people of our great country. I must also congratulate the political class for having embraced the rectitude of nurturing a democracy, as well as the civil society. It is important that all stakeholders continue to do their bit to ensure the sustainability of our democracy.
“But our democracy is not yet virile if it continually fails to deliver the promises of prosperity and liberty to the people.
“However, the past nine years has thrown up a regime of extreme hardship manifested in excruciating poverty and unprecedented levels of violence and insecurity upon our people. Sadly, the ruling All Progressives Congress is to blame for bringing forth this dawn of gloom.”

NNPC Ltd. Moves To Monitize Nigeria’s Natural Gas Resources, Partners With Golar LNG

The Nigeria National Petroleum Company (NNPC Limited) has made another move to monetize Nigeria’s vast natural gas resources, signing what is called a Project Development Agreement (PDA) with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria.
The signing ceremony, according to a statement by the Chief spokesperson of the NNPC Ltd, Olufemi Soneye, took place yesterday, June 10 June, and was attended by the Chief Financial Officer, Umar Ajiya; Executive Vice President, Gas Power & New Energy, Olalekan Ogunleye and Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan from the NNPC Ltd side, while the Golar LNG team was led by Karl Fredrik Staubo (CEO).
The statement said that PDA is another major milestone achievement towards ensuring gas commercialization through deployment of an FLNG Facility in Nigeria.
Soneye said that the agreement is aimed at monetizing vast proven gas reserves from shallow water resources offshore Nigeria.
“The PDA also outlines the monetization plan that will utilize approximately 400-500mmscf/d and produce LNG, LPG and Condensate.
“The Partners, NNPC Limited and Golar LNG have both expressed their commitment to achieve Final Investment Decision (FID) before end of Q4, 2024 and first gas by 2027.
“Golar LNG Limited is a renowned independent owner and operator of LNG infrastructure, including carriers, floating storage and regasification units (FSRUs), and floating liquefaction (FLNG) vessels.”

I’m Heartbroken, Malawian President Mourns His Vice Who Died In Plane Crash

The Malawian President, Lazarus Chakwera has formally announced the death of the Vice President, Saulos Chilima and nine others in a plane crash yesterday, June 10.
Addressing the nation today, June 11, President Lazarus Chakwera said that words could not describe how heartbreaking he is.
He said that he could not imagine how much pain and anguish Malawians must be feeling at this time, “as well as how much pain and anguish you all will be feeling in the coming days and weeks as we mourn this terrible loss.”
The president said that former first lady Shanil Dzimbiri was also on the plane with seven other passengers and three military crew members onboard.
The President said that he was formally informed by the head of Malawi’s armed forces that the plane, which was declared missing yesterday had been found.
He said that the wreckage of the plane had been located and that there was no survivor.
The President said that the crashed plane was found near a hill “completely destroyed” and that everyone onboard killed on impact.
The plane was declared missing yesterday, leading to serious searches that lasted throughout the night before it was discovered that it crashed with all occupants found dead.
The small military plane conveying Chilima and others was travelling in a bad weather in a mountainous region in the north of the country.

Israel Has Lost Moral Standing, Internal Cohesion – Prof Akinyemi

 Israeli Prime Minister Benjamin Netanyahu
Professor Bolaji Akinyemi, a former Nigeria’s Minister of Foreign Affairs, has declared that Israel has lost its international moral standing and internal cohesion due to its actions in the ongoing Gaza crisis.
In an interview with Arise Television yesterday, June 10, Professor Akinyemi said that Israel’s reputation has been damaged by the International Criminal Court (ICC) issue, with Mossad allegedly blackmailing and threatening ICC officials and their families to halt investigations.
He raised concerns about attempts to breach the archives of the International Court of Justice (ICJ) and possible threats against its judges to influence their judgments.
According to him, Israel’s actions are creating problems not only for itself but for the rest of the world.
The former minister cited recent reports of Israeli soldiers disobeying central command and acting independently, resulting in a significant increase in Palestinian casualties. He noted that resignations within Israel’s cabinet suggest the nation is losing its internal cohesion.
Professor Akinyemi said that if an African nation engages in similar actions as Israel, it would likely have faced government changes. He stressed that Israel’s actions have led to growing international dissatisfaction, with an increasing number of nations, particularly in Europe, recognizing Palestine as a state.

Aircraft Conveying Malawian Vice-President, 9 Others, Declared Missing

An aircraft carrying Malawi’s Vice-President, Saulos Chilima and nine others has been declared missing.
A statement from the office of the president said that the Defence Force aircraft “went off the radar” after it left the capital, Lilongwe, today, June 10.
The president ordered a search and rescue operation after aviation officials were unable to contact the aircraft.
It was supposed to land at Mzuzu International Airport, in the country’s north, just after 10:00 local time (11:00 BST).
Other passengers on the flight include Chilima’s wife, Mary, and a number of officials from the vice-president’s United Transformation Movement (UTM) party.
After being told of the incident by Defence Force’s commander, Malawian President, Lazarus Chakwera cancelled his scheduled flight to the Bahamas.
“The public will be updated of any developments on the situation as facts are established,” the president’s office said.
The reason for the aircraft’s disappearance is not yet known, General Valentino Phiri told Chakwera.
Moses Kunkuyu, Malawi’s information minister, told the BBC efforts to find the aircraft are “intensive.”
Chilima was on his way to represent the government at the burial of former cabinet minister Ralph Kasambara, who died three days ago.
Prior to his political career, he held key leadership roles in multinational companies like Unilever and Coca Cola.
Chilima, aged 51, has been vice-president of the southern African country since 2014.
He is married with two children.
Source: BBC.

NLC President Describes Governors Who Say They Can’t Pay N62,000 Minimum Wage As Lazy

Joe Ajaero

President of the Nigeria Labour Congress (NLC), Joe Ajaero, has described state governors who are saying that they cannot pay N62,000 as the new national minimum wage as lazy ones.
Speaking today, June 10, at the ongoing International Labour Conference in Geneva, Switzerland, Ajaero conpared the Edo State Governor, Godwin Obaseki who has been paying N70,000 as minimum wage to the state civil servants to other governors that are giving excuses.

The labour leader asked other governors to emulate Governor Obaseki and stop being lazy.

“Where is the governor of Edo state, Godwin Obaseki getting his money from (to pay N70,000 as minimum wage)? He is paying N70,000 minimum wage. This is the type of governor that should be emulated and not the lazy ones.”
The NLC President said: “how can any governor say he cannot pay? They cannot also be calling for the decentralization of the minimum wage.
“Are there wages decentralized? Governors whose states are not contributing a dime to the national purse and who generate pitiable Internally Generated Revenue (IGR) are collecting the same amount as governors whose states are generating billions of dollars into the FAAC.
“They should decentralize their salaries and emoluments first.”

Ajaero said that the organized labour will not resume the nationwide strike tomorrow or soon because President Bola Tinubu has not made official pronouncement on the outcome of the report that had been presented to him.
“We cannot declare strike now because the figures are with the President.”
He said that the tripartite committee’s proposals are awaiting the President’s decision and the NLC’s National Executive Council will deliberate on the new figure once it is announced.
“During the tenure of the immediate past President, the figure that was proposed to him was N27,000 by the tripartite committee but he increased it to N30,000. We are hopeful that this President will do the right thing. The President had noted that the difference between N62,000 and N250,000 is a wide gulf.”

Media Report Of Inflated N3.3 Trillion Oil Subsidy Claims Is False – NNPC Limited

 Femi Soneye

The Nigerian National Petroleum Company Limited (NNPC Ltd) has described as false, report in some sections of the media alleging that it inflated subsidy claims by N3.3trillion.
A statement today, June 10, by the Chief Corporate Communications Officer of NNPC Ltd, Olufemi O. Soneye said that the company has been conducting its businesses accountably and transparently in keeping with international best practices.
The statement said that the company has, at no time, inflated its subsidy claims with the Federal Government.
“All previous subsidy claims by the Company are verifiable as relevant records and documents have been sent to relevant authorities and agencies.
“NNPC Ltd is neither aware of any audit of its subsidy claims nor probe ensuing therefrom and wishes to state categorically that both ridiculous claims are products of the febrile imagination of the reporters and their respective media houses.
“It is on record that in line with its Transparency, Accountability & Performance Excellence (TAPE) mantra, NNPC Ltd. has, on several occasions, independently invited external auditors to review its books.”
NNPC Ltd made it clear that it would resist any attempt to drag it into the politics of fuel subsidy, saying that it is currently operating on commercial basis, and on the express provisions of the Petroleum Industry Act (PIA).
The company advised media practitioners and media houses to exercise restraint and verify information before publication in keeping with the ethics of the profession of journalism to avoid misleading the public.

Fuel Price Can Crash To N300 Per Litre If…- Refinery Owners Association 

Pump price of Premium Motor Spirit (PMS), commonly known as petrol, has the potentiality of crashing to about N300 per litre with the onset of large-scale production by the Dangote Petroleum Refinery and other local producers.
According to the Crude Oil Refinery Owners Association of Nigeria (CORAN), a registered body of modular and conventional refinery companies, in a statement, it is easy to achieve the price drop if the federal government provides adequate crude oil to local refiners.
They said that foreign refineries are currently profiting at Nigeria’s expense.
CORAN’s Publicity Secretary, Eche Idoko, said that Dangote refinery, when it begins full production, would have positive impact on the prices.
He said that if local refineries received sufficient crude oil, Nigerians could see petrol prices drop to N300 per litre, compared to the current nearly N700 per litre.
Idoko criticized the current system that benefits international refiners and called for crude oil to be sold to local refineries at the naira equivalent of the dollar rate.
This, he argued, would help strengthen the naira and reduce costs for consumers.
Currently, Nigeria has 25 licensed modular refineries, with five in operation and producing various products, including diesel and kerosene.
However, many plants are facing significant challenges, particularly in securing crude oil, which hampers their ability to obtain necessary financing.
In May 2024, Aliko Dangote announced that his refinery’s production plan would eliminate Nigeria’s need to import petrol by June.
The refinery, which has already impacted diesel prices, aims to meet the fuel needs of West Africa and beyond.
Oil marketers, like the Independent Petroleum Marketers Association of Nigeria (IPMAN), have expressed optimism about lower petrol prices with local production. However, they noted that specific pricing details from the Dangote refinery are still pending. IPMAN President, Abubakar Maigandi said that marketers are hoping for prices at about N500 per litre, lower than the current NNPC rate of N565.50 per litre.
Regulatory bodies have also indicated support for ensuring a consistent supply of crude oil to domestic refiners, which is expected to further stabilize and reduce petroleum product prices in the country.

We’re Not Going To Accept Anything Less Than N250,000, Organized Labour Insists

Against the backdrop of the federal government’s proposed N62,000 as new minimum wage for Nigeria’s workers, organized labour has sounded a warning that it will not accept anything less than N250,000.
Spokesperson for the Nigeria Labour Congress (NLC), Benson Upah, in a statement, labelled the government proposed N62,000 as a demonstration of non-seriousness in addressing workers’ grievances.
Benson Upah said that the proposed ₦62,000 is insufficient to maintain a decent standard of living amidst the escalating cost of living in the country.
He stressed that the Union would not accept the government position, saying: “No, not all….it is far too low below the threshold. No deal. Government is not serious yet.”
This was even as the Trade Union Congress (TUC), insisted the proposed N250,000 minimum wage.
It cited necessity of the N250,000 to meet the challenges of the present socio-economic climate.
The TUC’s first deputy president, Tommy Okon, said that the proposed amount is justifiable considering various socio-economic factors, such as housing, transportation, healthcare, education, and tariffs, as outlined in the cost of living index.
He advised President Tinubu to consider their proposal in line with the current realities.
“You are aware that our position is very clear on the minimum of N250,000. If we had done otherwise, you would have seen. So, we have taken our position to Mr. President, through the committee.
“So, let Mr. President decide. That is our position. We stand by ₦250,000 national minimum wage.
“Like I said, it is now at Mr. President’s prerogative, because what we have done is to help the government and also to help the President work this stuff. Remember, when Mr. President said fuel subsidy was gone, he said he was going to pay workers a living wage. So, we have been able to put out a variable facts that can technically prove that ₦250,000 could be manageable as a living wage. This is because when you look at the value of ₦62,000, and the present socioeconomic challenges, it cannot amount to what Mr. President referred to in his inaugural speech as a living wage.
“So, we are helping the government to work, because what the government has offered so far cannot be justifiable going by the present cost of living. The reason is that there is no variable fact to speak on it. Is it for housing? Is it for transportation? Is it for medical? Is it for education? Is it for tariff? These are indices that we have come to look at through the cost of living index that ₦250,000 is justifiable.
“So, that is what we are doing. And we believe that Mr. President is very sensitive, and that he would look at it as a democrat and see that, yes, what the workers have put forward is also considerable in line with the present reality. So, that is our position and we believe that Mr. President, who came on to announce the removal of fuel subsidy without consulting us, will also find a way to see that he appeases us, because when that was done, we never went on strike. So, in this case, Mr. President will also consider that they need to give us a wage of ₦250,000.”
The federal government Tripartite Committee had submitted its report to President Bola Tinubu last Friday. The Committee, made up of representatives of the federal and state governments as well as the private sector, recommended a minimum wage of ₦62,000.

Advertisement ADVERTORIAL
WP2Social Auto Publish Powered By : XYZScripts.com