The Senate has commenced moves to unbundle the Nigerian Postal Service with the consideration of a bill to repeal and re-enact the Nigerian Postal Service Act 2004. The bill which scaled second reading on Tuesday was sponsored by Senator Oluremi Tinubu (APC, Lagos Central). Leading the debate on the general principles of the bill, Tinubu said the piece of legislation seeks a reform of the Postal Industry and to make Comprehensive Provisions for the Development and Regulation of Postal Services in Nigeria. According to the lawmaker, the Nigerian Postal Service (NIPOST) which dates as far back as 1852, evolved from an exigency of the colonial administration to a Collection Office of the United Kingdom and eventually, to the NIPOST. She recalled that as at 1st of October, 1960, when Nigeria g...
The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...
FIFA has confirmed that Véron Mosengo-Omba will leave his role as Chief Officer of the FIFA member associations (MAs) division with immediate effect to take on the position of CAF General Secretary. Mr Mosengo-Omba initially joined FIFA in 2016 as Director MAs with responsibility for Africa and the Caribbean, and subsequently spent the past two years supporting all FIFA 211 MAs to implement the FIFA Forward development programme, as well as managing relationships with all FIFA MAs and continental confederations in his role as Chief Officer of the division. A native of the Democratic Republic of the Congo, Mr Mosengo-Omba was particularly involved in supporting the 54 African MAs in their FIFA Forward projects, in the development of youth and women’s football throughout the continent, and i...
State governments controlled by the All Progressives Congress, have reiterated commitment to implementing a recommendation to grant nursing mothers 180 days (6 months) leave. This was contained in a communique issued after a virtual meeting with the theme: ‘Developing Common Policy Initiatives on Maternal & Child Nutrition Promotion in APC States,’ held by Secretaries to Governments of APC controlled states on Thursday. The communique, which was signed by Alhaji Adamu Fanini and Prof Danladi Atu, the SSGs of Jigawa and Plateau States, respectively, was made available to newsmen in Abuja, on Monday. It read in part, “Because of the significant role parental support plays in the lives of children and the need to enhance the health of nursing mothers, APC States are committed to implement...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja. The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).” He said that issues on gas terms was not captured under the PSC especially with the commercial aspect. “Issues on gas terms was not captured in the PSC because at the time, the offshore was just a frontier territory, today, it is no longer frontier, it is a...
Rumble in Edo as governor runs government without cabinet
Precisely 129 days into his second tenure as governor of Edo State after his election on September 20, 2020 and inauguration on November 12, 2020, Godwin Obaseki, has not formed his cabinet. This has generated some flaks from different quarters, including the opposition party, All Progressives Congress (APC), constitutional lawyers, political analysts, public commentators, residents among others. While others feel that Obaseki has not committed any crime or breached any law, others believe that he is running a one-man administration and must go ahead to form his cabinet. They argued that going by Section 192 of the 1999 Constitution, the governor is obliged to form a cabinet, saying this is a circumvention, which the state House of Assembly should take action on. Obaseki had said that his ...