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...
Water has many values that are just not priced, Sasha Koo-Oshima, the Deputy Director, Land and Water Division, UN Food and Agriculture Organisation (FAO), told Xinhua ahead of the World Water Day on March 29. The official highlighted that with the coronavirus (COVID-19) pandemic, a large part of the world population still lacks access to handwashing facilities at home. “This is the first line of defence against this virus and the value of water is very evident in this progression. “The first thing we realised is handwashing. Many countries just don’t have clean water to even just wash hands,” she said. The UN on Monday warned that more than two billion people do not have direct access to water, the “blue gold” which is essential in defeating the pandemic. In its World Water Development Re...
The Transmission Company of Nigeria (TCN) says it has completed the construction of a new transmission tower in Ajah, Lagos state. The TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, disclosed this in a statement in Abuja on Thursday. Mbah said that TCN has also strung the old and a new 330 kilovolts Egbin – Ajah transmission lines, adding that both lines have been energised. She said that the new line increased the transmission lines capacity on that line route by 600 Megawatts (MW) bringing it to a total of 1,200MW. “The old line was re-energised on March 13 while the new line was energised on March 15. “Prior to resuscitation of the second Egbin-Ajah Transmission Line, the Aja 330/132/33kV Substation operated through a single circuit 330kV transmission line. “Within the period, t...
IBTimes The National Space Research and Development Agency (NASRDA) says it is putting modalities in place to launch a Cubesat ‘Edusat-2’ within the first half of the year. The Acting Director-General of NASRDA, Dr Francis Chizea, said this at the ongoing Science and Technology Expo on Tuesday in Abuja, where the agency showcased its research works and achievements. The science expo is with the theme “Science, Technology and Innovation for Economic Recovery and Sustainability Amidst the COVID-19 Challenges” and is a platform to showcase innovation within agencies of government, private research institutions, the academia, among other participants. Chizea explained that EduSat-2 was a build-up on EduSat-1 which the agency built in collaboration with Federal University of Technology, Akure a...
Gov. Seyi Makinde of Oyo State has appealed to the Nigerian army to deploy troops to border towns in the state to check the influx of criminal-minded people into the country. Makinde made the call while receiving the Chief of Defence Staff, Gen. Lucky Irabor, who led other top military personnel on a courtesy visit to the governor on Thursday in Ibadan. The governor, who was represented by his deputy – Alhaji Rauf Olaniyan, noted that the border towns in Oke-Ogun area of the state were porous. He said the challenge of insecurity was not peculiar to Oyo State alone, saying the problem was across the country. He urged the security agencies to intensify efforts in tackling the menace and restore permanent security of lives and property across the country. The governor, who said there was an e...
The leadership of the African Action Congress (AAC) on Wednesday said that the party’s presidential candidate in the 2019 election, Omoyele Sowore has been expelled by the party’s highest decision making organ and he is therefore presently unknown to the party. The party also in a petition to the Inspector General of Police claimed that the convener of the Revolution Now’s utterances and behavior have become a security risk and should be investigated by the security agencies before he plugs the country into crisis. Addressing journalists in Abuja, the National Chairman of AAC, Dr. Leonard Nzenwa said the letter by Sowore to the Independent National Electoral Commission, INEC, claiming to be the Chairman of the party amounted to impersonation. Dr. Nzenwa, who is also the National Chairman o...
Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor
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...