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Wheat farmers bemoan $6.1 billion annual import, laud CBN restriction on forex for importers
The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria. The President of the association, Alhaji Salim Muhammad, made this known at a news conference on Wheat Forex in Abuja on Thursday. Muhammad commended the Central Bank of Nigeria (CBN) over the policy that placed wheat on Forex restriction. He described it as an impressive policy and a welcome development. According to him, Nigeria consumes 5 million metric tons of wheat per annum, while a meagre 420,000 tons is produced locally. He said that in view of numerous challenges that plagued local production, the policy would enable the government to unlock the unrealised potentials in the wheat sub-sector. “The forex restriction policy will give relevant stakeholders the confiden...
Court orders Ekiti university to reinstate sacked workers
File Photo The National Industrial Court in Akure has ordered the Ekiti State University (EKSU), Ado Ekiti, Ekiti State, to reinstate 85 non-teaching staff members sacked by the institution in December 2019. The judge, Kiyersohot Damulak, also gave the university a 30-day ultimatum to pay the reinstated workers their salaries, emoluments, and allowances from the date of their unlawful disengagement till date. In the judgement delivered on January 28, a copy of which was seen by newsmen on Wednesday, the court also directed the university to pay the workers the three months salary they were being owed before they unlawfully disengaged. Damulak also ordered the university to pay each of the sacked workers N50,000 as the cost of prosecuting the case. The award totaled N4,250,000 for the 85 wo...
Nigerian senate investigates syringe manufacture, importation
The Senate has directed its committees on Health, Trade and Investment and Customs to investigate the manufacture, importation and policy guidelines for syringe and needles in the country. Consequently, the committee is to invite the Federal Ministry of Health, Trade and Investment, Nigeria Customs Service (NCS) and manufacturers of syringe and needles as the committee carries out the investigation. These resolutions were sequel to a motion sponsored by Sen. Ibrahim Oloriegbe (APC-Kwara) and cosponsored by Sen. Sadiq Suleiman (APC-Kwara) during plenary on Thursday. The upper chamber also directed the ministry of health to provide explanation on the policy for the procurement and utilisation of syringe and needles by federally-owned, state and private hospitals and agencies of the ministry....
Nigeria most expensive for upstream projects – NNPC chief
The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects. Upstream is refers to points in production that originate early on in the processes of crude oil production. Its activities include exploration, drilling, and extraction. Kyari made this known at the Nigerian Content Tower in Yenagoa, Bayelsa State during a review meeting with the Permanent Secretary, directors and chief executives of agencies in the Petroleum ministry. According to him, “Nigeria is one of the most expensive territories in the world for upstream projection and part of the corporation’s mandate is to reduce cost by at least five percent. “We have reduced costs substantiall...
Senator Tinubu hails Governor Sanwo-Olu’s plan to stop ex-governors’ pensions
A former Governor of Lagos State, Bola Tinubu, has hailed Governor Babajide Sanwo-Olu for his plan to repeal the Lagos State law that would ensure life pensions for former governors and deputy governors. The All Progressives Congress chieftain said this in a series of tweets on Wednesday. The former governor tweeted, “Congratulations to Governor Sanwo-Olu over the 2021 budget which he appropriately christened ‘Budget of Rekindled Hope’. This audacious and enterprising budget will empower our people and begin to rebuild Lagos State. “In particular, I would also like to commend the governor for the plan to commence the repeal of the pension law giving pension packages to former governors and their deputies. This is a bold and courageous move by Mr. Governor and I wholeheartedly support him. ...
