The Federal Government says it has facilitated the use of a tracking device to track every truck loading petroleum product from any of its depots as part of efforts to nip smuggling in the bud and arrest culprits. Minister of State for Petroleum Resources, Chief Timipre Sylva, said this at a forum organised by the News Agency of Nigeria (NAN) to gauge the achievements recorded in the oil and gas sector in the last two years. Sylva noted that a lot had been achieved in the industry but that the activities of smugglers had continued to overshadow the successes especially as it concerned fuel subsidy and the quantity of petroleum products consumed in the country. “This is one big question that we try to answer ourselves because when we look at the number of load-outs from our depots every day...
Katsina State Governor Aminu Bello Masari has announced his decision to stop further dialogue with bandits in the state due to their lack of central leadership and structure. Masari made the declaration while visiting the Chief of Air Staff, CAS, Isiaka Oladayo Amao at NAF Headquarters, Abuja, stated that the State Government had made several attempts in the past to engage the bandits but that not much success was recorded because each group of bandits operates independently. ’’The security situation was compounded by the vastness of the Katsina open border with the Niger Republic as well as the huge ungovernable spaces in the State which gives the bandits freedom of movement.” The governor further expressed that the bandits also betrayed the state government in the previous agreements rea...
Former President Olusegun Obasanjo on Thursday assured members of the Day Old Chicks Merchant Association of Nigeria (DOCMAN) of improved system and the backing of the government. Obasanjo gave the assurance during his surprise visit to the market, Obasanjo Day Old Chicks Market, located at Oluyole Estate in Ibadan. The former president, who arrived at the market at about 9.20 a.m, was conducted round the congested market by Deacon Sunday Agusa, the General Manager of Obasanjo Farms, Ibadan. Newsmen report that there was massive turnout of traders at the market to welcome the former president amidst pomp and pageant. Obasanjo said that his attention was drawn to the existence of the market by his staff member and the use of his name to grow the market to an international standard on day-ol...
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has expressed joy over the defection of the Governor of Cross River State, Prof. Ben Ayade, to the All Progressives Congress (APC), saying the party is opened to all. Gbajabiamila in a statement on Thursday by his Special Adviser on Media and Publicity, Lanre Lasisi, said Ayade’s action has once again shown that “APC was the party to beat in the country.” The Speaker said the Cross River State governor has taken the right decision and shown a good example for others to follow. He said the ruling party remains open to all, calling on well-meaning Nigerians to join the APC to move the country forward. The Speaker noted that APC will continue to be just and fair to all its members. Meanwhile, the Peoples Democratic Party (PD...
The Secretary to the Government of the Federation (SGF) and chairman of the Presidential Steering Committee, (PSC) on COVID-19, Mr Boss Mustapha, has clarified misrepresentation in the briefing of the PSC on Monday. Mustapha, who spoke to newsmen on Tuesday in Abuja, said it was erroneously reported that the federal government had re-introduced nationwide curfew between 12 a.m. and 4 a.m. as part of the COVID-19 safety protocols. He, however, said the announcement by the National Incident Manager, Dr. Mukhtar Mohammed, during the PSC press briefing was taken out of context because the federal government did not relax the curfew imposed earlier under Phase Three of the eased lockdown. Rather, he explained that what Mohammed said was that the federal government was maintaining the curfew und...
Bloomberg The Central Bank of Nigeria (CBN) has urged stakeholders in the public and private sectors to collaborate to build a more healthy and robust healthcare infrastructure in Nigeria. The CBN Governor, Mr Godwin Emefiele, made the call at a movie launch titled: “UNMASKED”, a feature documentary on leadership, trust and the COVID-19 pandemic in Nigeria. The movie was produced and directed by Mr Femi Odugbemi, a Nigerian documentary filmmaker, and co-produced by Ms Kadaria Ahmed, a renowned journalist, media entrepreneur and television host, on Friday in Lagos. According to Emefiele, addressing the public health crisis along with the downturn in the economy required strong coordination. He said the measures and interventions put in place by the CBN and private sector to improve governme...
Edo State’s Governor Godwin Obaseki has reiterated the call for the restructuring of the Niger Delta Development Commission, stressing that such would drive the development of the South-South region. Obaseki made the call during a meeting with the South-South Zone Working Committee of the People;s Democratic Party (PDP) at the Government House in Benin City. According to him, “In the South-South, we must stand up to defend ourselves economically, politically and security-wise. We have pretenders in the region who try to exploit the region and we must stop them.” Obaseki said the region is facing impeded growth because of the inability to make use of its resources for its development. He added, “The current structure of the NDDC has caused underdevelopment in the region, with the Federal Go...
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...