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Senate calls for quick diversification of economy, frowns against high cost of oil production

The upper chamber of the National Assembly has called on the federal government to quickly diversify the economy, following the high cost of oil production without commensurate result. Berating the Nigerian National Petroleum Corporation (NNPC) for the high cost, which resulted into marginal profit of just $3 per barrel for the country, the Senate noted that the high cost of oil production in the country is higher than other oil producing nations. This development was noted when when officials of NNPC appeared before the Senate Committee on Finance. The Senate also noted that the high cost of oil production which is $21.2 per barrel, almost equaling $25 per barrel oil price benchmark fixed for the N10.509 trillion 2020 revised budget. The upper chamber expressed its displeasure when the Ch...

House of Reps panel insists on NDDC probe of alleged misuse of over N40 billion

The House of Representatives has reiterated its resolve to probe into the allegation of mismanagement of over N40 billion by the interim management committee (IMC) of the Niger Delta development commission (NDDC). The chairman of the House Committee on NDDC, Mr Olubunmi Ojo made this known to reporters at the National Assembly complex in Abuja. The lawmaker denied the allegation from a member of the NDDC IMC that his committee , alongside that of the Senate benefited from a contract to the tune of about N3 trillion from the NDDC. Ojo who claimed that he, alongside members of his committee had received threat to their lives by militants maintained that no amount of blackmail will deter his committee from probing into the allegation of wrongdoings in the NDDC. According to him: “It’s unfortu...

Speaker Gbajabiamila inaugurates coronavirus committee, to interface with government

The House of Representatives on Tuesday inaugurated the 18 man ad-hoc Committee on Coronavirus pandemic. The committee has the task of working in tandem with the Presidential Task Force on COVID-19 and by extension, the entire relevant machinery of the federal government to find a solution to the challenges posed by the epidemic. Performing the ritual at the national assembly complex, the Speaker of the House, Femi Gbajabiamila charged the members to give utmost attention to the welfare of frontline workers. He said: “The 18 man Committee we have come to inaugurate reflects the intention of the House of Representative to engage the executive arm of government in a partnership that serves the best interests of the Nigerian people as we join hands to confront and conquer the most severe chal...

Senator Lawan: Why privatisation of power sector must be reviewed now

President of the Senate, Ahmad Lawan, has called for the immediate review of the privatization exercise of the power sector by previous administrations. Lawan gave the charge in his concluding remarks on a motion considered on the floor during plenary on Tuesday. The motion titled: “Power Sector Recovery Plan and the Impact of COVID-19 Pandemic” was sponsored by Senator Gabriel Suswam (PDP – Benue North East). The Senate President, who bemoaned what he described as the “inefficiency of Power Generating and Distribution companies” in the country, called for a review or eventual reversal of the terms of privatization. According to Lawan, parties involved in the shared purchase agreement with the federal government can only seek the intervention of the latter when sufficiently justified. “The...

Senator, CAN condemn Kajuru killings, sue for peace

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, and the Kaduna State chapter of the Christian Association of Nigeria (CAN) have condemned the spate of killings in communities in Kajuru Local Government Area of the state. In separate statements issued on Thursday in Kaduna, they decried the ugly situation in the communities and sued for peace. In his statement, Sani, who represents Kaduna Central Senatorial District which include Kajuru, said he was “pained over renewed Fulani/Adara hostilities” in the area and called for restraint among the two groups. He noted that the Fulani and Adara communities have been living in peace for decades, adding that just like other communities in Nigeria and across the world, misunderstandings and cha...

Taraba discharge six coronavirus patients

The six are among the 17 COVID-19 cases so far recorded in the state. The state commissioner for Information and member of the state’s technical Committee on COVID-19, Danjuma Adamu, disclosed this at a briefing in Jalingo, the state capital. He explained that the six patients who recovered from the CoronaVirus were discharged Tuesday to reunite with their family. He further explained that those still in isolation are receiving the appropriate care needed. He further urged members of the public to observe all precautionary measures as the government is doing all it takes to contain the spread of the virus. Newsmen reports that Taraba still has 11 active COVID-19 cases. Get more stories like this on Twitter

Official: Why 471 persons died in Yobe in three weeks

Dr. Mohammed Lawan, Yobe Commissioner for Health, on Tuesday gave reasons for the 471 deaths recorded across different communities in the State in the past three weeks amidst fears that the deadly COVID-19 virus may has been claiming lives in the State without notice. Lawan, who is the Vice Chairman of the state’s COVID-19 Committee, however, said the deaths which occurred between the last days of April till date was not due to the global pandemic, according to preliminary report of the investigative response team constituted by the government. According to him, 90 per cent of the deaths had no multiple case definition symptoms of Coronavirus disease, while further noting that most of those that died were elderly people. According to him, “57 per cent of the total deaths had an underlying ...

Lagos university inaugurates financial sustainability committee

Lagos State University (LASU) has inaugurated a 21-man Financial Sustainability Committee to evolve strategies to create revenue sources and guarantee the financial sustainability of the institution after the coronavirus pandemic. Inaugurating the committee at a virtual meeting on Tuesday in Lagos, LASU Vice-Chancellor, Prof. Olanrewaju Fagbohun, said the step became imperative in the light of financial challenges that were envisaged in the wake of, and aftermath of the pandemic. “As a management, we do recognise that our institution, like almost every other institution around the world, are already facing and will face serious financial challenges. “A lot will depend on how institutions chose to manage their affairs that is why the management of LASU felt the need to put in place strategi...

Kano evacuates 1, 213 almajiris to their home state

Kano State Government on Sunday said no fewer than 1, 213 Almajiris have been evacuated to their state of origin. Alhaji Murtala Sule Garo, Chairman, Kano State Almajiri Evacuation Committee told newsmen in Kano that “due process and proper screening are the hallmark of the ongoing evacuation exercise.” Garo who is also the Commissioner for Local government revealed that the Committee worked with the state Ministry of Health to ensure that Almajiris taken out of Kano to their respective states of origin are in good health. He said Kano has so far, received over 200 Almajiris returnees from Kaduna, Plateau and Niger states respectively. Garo stressed ‘as I speak to you, they are being quarantined in Kiru Reformatory Institute, where they are being provided with free feeding and medication b...