James Manager
Senators decry executive’s disregard for resolutions on insecurity
Federal lawmakers, on Tuesday, deplored the federal government’s continued disregard for Senate’s resolutions on the issue of national security. The Senators spoke while contributing to a motion on the recent kidnapping of students at the Government Science School, Kankara, Katsina State. The Red Chamber had twice called for the replacement of the service chiefs. The lawmakers, in their various contributions to the motion, expressed deep frustration over the recurring issues of killings and kidnappings across the country and the inability of the security agencies to address the challenges. They insisted that the service chiefs had overstayed and should allow other officers with fresh ideas to take over. Senator Mohammed Sani Musa (APC, Niger) said, “Every day, people are dying and nothing ...
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...
