Increase
Bayelsa governor: 2.5% revenue for host communities ‘unacceptable’ to Niger Delta
Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent of derived oil revenue be provided in the Petroleum Industry Bill (PIB) for the host communities. Mr Diri, in a statement by his Chief Press Secretary, Daniel Alabrah, said this on Tuesday during a townhall meeting on the bill with members of the National Assembly in Yenagoa. The governor said the 2.5 per cent revenue proposed for the host communities in the PIB was grossly inadequate and unacceptable to the people of the Niger Delta. He argued that if the National Assembly members saw firsthand the level of environmental degradation and its attendant effects on the people, they would not hesitate to increase it from 10 per cent. Mr Diri stressed that the PIB was critical in addressing issues such as unemployment, lack of tran...
Barcelona, Atletico Madrid ordered to further tighten belts by La Liga
FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros ($42.14 million) following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the Covid-19 pandemic. The figures, published twice annually following each transfer window, dictate how much teams can spend on players, coaches, support staff and their youth teams. They are calculated in line with revenues, which have been obliterated by coronavirus restrictions preventing fans from attending matches for 12 months while depressing the transfer market and reducing income from merchandising. Barcelona are the club most acutely affected by the new limits and will be forced to reduce their costs by an additional 35.7 million euros, to 347 million. League ...
Energy firms’ bank debts rise to N5.94 trillion
The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019. The N5.94tn represents 29.16 per cent of the N20.37tn loans advanced to the private sector by the banks as of December, according to the sectoral analysis of banks’ credit by the Central Bank of Nigeria. Oil and gas firms, which received the biggest share of the credit from the banks, increased their debt by N600bn to N5.18tn in December 2020 from N4.58tn in December 2019. The debt owed by power firms to the banks rose to N763.22bn in December 2020 from N671.45bn in December 2019, the CBN data showed. Oil firms operating in the downstream, natural gas and crude oil refining subsectors owed N393tn as of December, up from N3.42t...
Ondo governor suspends NURTW, RTEAN, orders unions to vacate motor parks
Ondo State Government has suspended both the National Union of Road transport workers, NURTW, and the Road Transport Employers’ Association of Nigeria, RTEAN in the state. The Senior Special Assistant to the governor on special duties and strategy, Dr Doyin Odebowale, said that the suspension was with immediate effect. Odebowale attributed the suspension to recent leadership crisis within the two unions He directed the leadership of both unions to vacate motor parks across the eighteen local government areas of the state and to stop collecting dues from taxi drivers and other motorists across the state. Odebowale also directed taxi drivers to revert to the old price of N50 per drop across the state. He explained that new tickets would be purchased directly from the state government and no ...
Ebonyi: Gunmen attack police station in Izzi
Some gunmen in the early hours of Monday attacked the Iboko Divisional Police Station in Izzi Local Government Area of Ebonyi State, Nigeria’s South-east. A police station was similarly attacked by gunmen in Akwa Ibom State on Monday. It is unclear, for now, if the attacks on police facilities, which are on the increase lately in the South-east and South-south regions, are coordinated. Details of the Ebonyi attack were unavailable at the time of filing the report. The attackers were said to have set the building ablaze, using fire bombs. Police Commissioner in Ebonyi State, Aliyu Garba, confirmed the incident. “Yes they attacked the station around 1a.m. but there was no casualties. “They threw improvised fire bomb at the station and it ignited but it only affected a small part of the build...
Ex-VP Namadi Sambo advocates shift in Nigerian educational system
Reuters Former Vice President Namadi Sambo has advocated for a dynamic approach of the Nigerian educational system to produce employees with skills and ability to handle complex jobs and create opportunities for others. Sambo made the call in his goodwill message at the 22nd Matriculation of Igbinedion University, Okada, on Saturday in Edo. The former vice president noted that it was the best time for the country to refocus from one size-fits-all approach that creates employees that are not fit for complex jobs. According to him, Nigerian universities must refocus on building of graduates that will create and end poverty among the people and ultimately close the wide social inequality and promote social coefficient in the communities. “As a nation, we must focus our educational system to o...
Coronavirus: Nigeria records 18 more deaths, 645 new infections
A total of 1,831 deaths have now been recorded from COVID-19 in Nigeria after 18 more people died on Saturday, health authorities have said. The 18 deaths on Saturday indicated a significant increase from the eight fatalities recorded on Friday. Nigeria also reported 645 new infections on Saturday, increasing the total number of known cases in the country to 151,553. This is according to an update by the Nigeria Centre for Disease Control (NCDC) Saturday night. Low testing figures in many states has limited Nigeria’s ability to determine the true extent of the spread of COVID-19. A recent general fact sheet published by the NCDC showed that Kogi, Cross River and some other states were not conducting enough tests. More than two-third of the over 151,000 people infected by COVID-19 in Nigeri...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost
File Photo In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service. The overall objective of a system review is reform of the systems and procedures of public agencies with a view to identifying and eliminating, preventing, blocking and obstructing opportunities for corruption. To achieve this, the exercise targets detecting areas of vulnerabilities, actual weaknesses, leakages and corruption risks and to recommend ways of strengthening these systems and removing the discretionary gaps and such opportunities for both individual and institutional malfeasance on public resources. In addition, the review also targe...
Police arrest protesters for allegedly violating coronavirus regulations
The police, on Wednesday, arrested six protesters for allegedly violating COVID-19 protocols in Ilorin, Kwara State. The protesters are teachers sacked by the Governor AbdulRahman AbdulRazaq government and were protesting the ongoing exercise for recruitment of new teachers. This newspaper, last week, reported how the protesters blocked the gate to the governor’s office, demanding their reabsorption. The protesters had resumed their demonstration on Wednesday. However, the spokesperson of the police in the state, Ajayi Okasanmi, said a woman and five men were arrested for inciting disturbance and violating COVID-19 protocols. Those arrested are Aransiola Olubukun, Salaudeen Abubakar, Mohammed Soliu, Ibahim Alabi, Isiaka Toyin and Adewale Abdulazeez. “This offence was committed in the proce...
NLC: Nigeria’s insecurity, poverty getting out of control
The Nigeria Labour Congress (NLC) on Wednesday held their National Executive Council (NEC) meeting, at the Nigerian Airforce Conference Centre, Abuja, where they lamented the precarious state of insecurity and economic woes in the country. According to President of the NLC Ayuba Wabba, hardly does any day passes by without one negative report of citizens either kidnapped or abducted for payment of ransome. Lamenting the situation, Wabba said our beloved country has never been emmeshed in the grips of insecurity turbulence and crisis as we witness today. He said in the past two years or so, we have witnessed an intense resurgence of terrorism, armed banditry, kidnap-for-ransom, militancy and resource conflicts all over the country. According to him, there is also the challenge of criminals ...
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...
