Dependence
Nigerians urged to reject PIB for failing to address key issues
Socially relevant and need-meeting organisations in partnership with civil society movements have called on Nigerians to massively reject the long-expected PIB as it has failed to address fundamental issues. Rather the organisations said that the outcome of PIB was mischievous and would compound the problems of the communities, just as it would create another avenue to make the rich even richer while the suffering communities continue to languish in difficulty and poverty. The coalition group said the PIB “failed to properly address the lingering issues of the oil and gas host communities” submitting that the recent position on critical issues is a far cry from the yearnings of oil and gas host communities. “The current version of the Petroleum Industry Bill failed to address community, ec...
PIB: IPMAN commends National Assembly for inclusion of PEF
The Independent Petroleum Marketers Association of Nigeria has commended the National Assembly for the inclusion of the Petroleum Equalisation Fund in the newly passed Petroleum Industry Bill. The Public Relations Officer of IPMAN, Yakubu Suleiman, gave the commendation on Sunday in a statement. Suleiman said the legislative arm of government had demonstrated that it was sensitive to the yearnings of majority of Nigerians for a permanent solution to the energy problems in the country. He said the entire content of the bill as passed by the Senate would serve as a catalyst for the inflow of the much desired foreign direct investment to boost the economy. He said: “The much awaited Petroleum Industry Bill has come to ease Nigerians of the pains that necessitated the call for the Bill in the ...
Anambra: JUSUN strike a national issue, not state-driven
The Anambra State Government on Monday said the ongoing strike by the Judiciary Staff Union of Nigeria (JUSUN), was a national issue and not state-driven. Prof. Solo Chukwulobelu, Secretary to the State Government, made the assertion, while addressing members of the Nigerian Bar Association (NBA), Anambra branch, at a peaceful protest to the Government House in Awka. Newsmen report that the protest followed a directive issued on April 18 by the President of the NBA, Mr Olumide Akpata, to all branches of the association. Chukwulobelu said the executive was aware of the need to ensure that all aspects of the three arms of government function properly. “Your demands on independent judiciary are very important, but it is a national issue. “The fact that the courts are not sitting is not becaus...
SpaceX launches its third astronaut crew, the first on a used Crew Dragon capsule
SpaceX launched its third crew of astronauts to the International Space Station early Friday morning, reusing a Crew Dragon space capsule to fly humans for the first time. The mission, dubbed Crew-2, is the latest flight under NASA’s Commercial Crew Program, and will add four more astronauts to the orbital space station. A used Falcon 9 rocket, last flown for SpaceX’s Crew-1 mission last year, lifted off at 5:49AM ET from Cape Canaveral, Florida carrying Endeavor, the same Crew Dragon capsule that first launched SpaceX’s debut astronaut mission nearly one year ago. For this flight, the Endeavor capsule carried four astronauts from three different countries — SpaceX’s most diverse NASA-managed crew yet. “Off the Earth, for the Earth, Endeavor is ready to go,” NASA astronaut Shane Kimbrough,...
Djibouti president set to extend 22-year rule
Djibouti’s President Ismail Omar Guelleh is expected to extend his two-decade rule of the tiny Horn of Africa nation as the country heads to the polls Friday. Guelleh, 73, is facing political newcomer Zakaria Ismail Farah, his only rival after traditional opposition parties decided to boycott the election. A businessman specialised in the importation of cleaning products, Farah, 56, is seen by observers as unlikely to pose a significant challenge to the strongman who has been in power for 22 years. Djibouti is a largely desert country strategically situated on one of the world’s busiest trade routes and at the crossroads between Africa and the Arabian peninsula, a short distance from war-torn Yemen. Under Guelleh, the country has exploited this geographical advantage, investing heavily in ...
Lagos partners IITA to train 13,548 youths in agribusiness
Lagos State government says it is collaborating with the International Institute of Tropical Agriculture (IITA) and the Africa Projects Development Centre (APDC) to train 13,548 youths in the state in the various agricultural value chains in a five-stage model within the next five years. The State Commissioner for Agriculture, Ms. Abisola Olusanya, disclosed this recently at the opening of the Young Africa Works Agribusiness Internship Orientation Training held at the Lagos State Agricultural Development Authority, Oko-Oba, Agege. She noted that participants of the training programme would be trained to build skills and secure fulfilling work opportunities within the agriculture value chains. Olusanya noted that the Young Africa Works Project of the IITA was a strategic approach to agribus...
Why coronavirus will not be last pandemic – UN report
United Nations The Coronavirus (COVID-19) pandemic, the latest crisis facing the world, will not be the last until humans release their grip on nature, says a new UN report published on Tuesday. According to the report titled “The Next Frontier: Human Development and the Anthropocene,” world leaders need to take bold steps to reduce the immense pressure that is being exerted on the environment and the natural world, or humanity’s progress will stall. “Humans wield more power over the planet than ever before. Redefining issues of our time “In the wake of COVID-19, record-breaking temperatures and spiraling inequality, it is time to use that power to redefine what we mean by progress, where our carbon and consumption footprints are no longer hidden,” said Achim Steiner, the Administrator of ...
Naira weakens to lowest in three years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opp...
