Tag: ENERGY

FG Has Received Over $64b In Power Supply To Niger And Benin Republic -Fashola

FG Has Received Over $64b In Power Supply To Niger And Benin Republic -Fashola

Breaking, Business, Economy, Foreign
The federal government of Nigeria said it has recovered the sum of $64.630, 065 billion from Niger and Benin republic as part payment for electricity supply to the two nieghbouring countries. Minister of Works, Energy and Housing Babatunde Fashola (SAN) made this known at the 21st monthly power stakeholders meeting in Asaba Monday. Addressing heads of DISCOS across the country in the power sector, the minister said generation has hit 7,000mw due to the stable peace in the gas producing area of Niger Delta region. According to the minister, “for the first time in the history of power sector, hydro and gas combined together to improve electricity needs of the country. “This is a fair balance and now that the waters are going down it is also the time for us to prove our mettle by
Economy: Nigeria Can’t Achieve Much Under Buhari- IMF

Economy: Nigeria Can’t Achieve Much Under Buhari- IMF

Breaking, Economy, Foreign
Director of the International Monetary Fund (IMF’s) African Department has explained why Nigeria can’t achieve higher productivity in many sectors of the economy. He said without energy, it would be difficult for the acclaimed Africa’s giant to make headways.  Mr. Abebe Aemro Selassie, while briefing newsmen over the weekend at the IMF/ World Bank Annual Meetings in Washington DC, “given how big the size of the Nigerian economy is and given the potential that it has including an agriculture, it is a sector that should be doing much better I think. On the macro side I think what is needed in Nigeria at this moment we think are mobilizing more revenues.” He stressed that Revenue mobilisation is key to helping the government invest more in health and education and building infrastructure
BREAKING: NNPC “Crashes Price Of Petrol, Cooking Gas” Nationwide

BREAKING: NNPC “Crashes Price Of Petrol, Cooking Gas” Nationwide

Breaking, Business, Economy
The Nigerian National Petroleum Corporation (NNPC) has said that their sustained strategic intervention in the efficient supply and distribution petroleum products, has led to a significant reduction in the prices of premium motor spirit (PMS), also known as petrol, and liquefied petroleum gas (LPG), also known as cooking gas, nationwide. Spokesman of the corporation, Ndu Ughamadu, in a statement on Sunday, said a national survey by oil and gas forum, NNPC’s weekly TV programme, indicated that in the last few weeks, the price of petrol has fallen steadily from N145 per litre to between N142 and N143 per litre in some stations across the country. According to him, NNPC mega and affiliate stations across the country are selling for N143 per litre, while the pump price range is between
Nigeria Should Not Be Restructured Instead Nigerians Have To Restructure – Obasanjo

Nigeria Should Not Be Restructured Instead Nigerians Have To Restructure – Obasanjo

Breaking, Economy, Politics
Former President, Olusegun Obasanjo has distanced himself from the clamour for the restructuring of Nigeria by some section of Nigerians. Obasanjo, who faulted the call said what Nigeria needs now is not restructuring of the country but that of individual mentality.He made his stance known on the sidelines of the African Leadership Forum in Johannesburg, South Africa. The former President said Nigerians should restructure their minds before calling for restructuring of the country. Obasanjo said Nigerians’ focus should be on how to include everyone in a nation that is already well endowed. He said, “We have to restructure our mentality, we have to restructure our minds we have to restructure our understanding of Nigeria, what country do we want and if we decide on what co
N11tn Electricity Scam: ICC Hears SERAP’s Petition Against Obasanjo, Jonathan

N11tn Electricity Scam: ICC Hears SERAP’s Petition Against Obasanjo, Jonathan

Breaking, Business, Politics
The International Criminal Court, ICC, in The Hague is considering SERAP’s petition on the allegations of widespread, systematic and large-scale corruption in the electricity sector since the return of democracy in 1999 and under the governments of former presidents, Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan in Nigeria. Socio-Economic Rights and Accountability Project, in a statement on Wednesday by its deputy director, Timothy Adewale, said that, “SERAP can confirm that the ICC is now considering our petition. We have received communication from Mark P. Dillon, Head of Information and Evidence Unit of the ICC indicating that the court will give due consideration to our petition.” “SERAP appreciates the prompt attention to this matter by the ICC. We urge the court to
Buhari Orders Service Chiefs To Attack all Threats To Nigeria’s Unity

Buhari Orders Service Chiefs To Attack all Threats To Nigeria’s Unity

Breaking, Politics
President Muhammadu Buhari has charged the nation’s service chiefs to ensure that all threats to the unity of the country are dealt with. Abayomi Olonisakin, Chief of Defence Staff, made this known after a meeting between the President and the Security chiefs on Tuesday. Olonisakin said the meeting, which lasted several hours, was to update the President on some security developments that came up while he was away on medical vacation in the United Kingdom. “We have been meeting with Mr. President for the last three hours. We updated him on all security issues around the country, within the country and outside the country, where our troops are,” Olonisakin said. “Of course, we have just updated him because he is aware of what’s been happening. He has been receiving regular briefings
UPDATE ON ANAMBRA STATE GOVERNORSHIP ELECTIONS

UPDATE ON ANAMBRA STATE GOVERNORSHIP ELECTIONS

Breaking, Politics
Governor of Anambra State, Willie Obiano, on Tuesday emerged the candidate of the All Progressives Grand Alliance in the November 18 poll in the state. The governor, who was the sole contestant in the primary, polled 1,070 “yes” votes from a total of 1,092.accredited delegates. Meanwhile, the United Peoples Party, Anambra State chapter, on Tuesday  suspended two governorship aspirants in the party, Osita Chidoka and  Mr. Chudi Ofodile. Chidoka is a former Minister of Aviation while Ofodile is a former member of the  House of Representatives. Also suspended were the National Treasurer of the party, Flint Obiekwe and Nwabueze Anyichie, deputy national secretary. They were suspended for alleged anti-party activities aimed at undermining the authority of the state executive.
ORIGINAL TARGET OF OZUBULU KILLINGS INVITED BY POLICE

ORIGINAL TARGET OF OZUBULU KILLINGS INVITED BY POLICE

Breaking
The Nigeria Police has invited Aloysius Ikegwuonu aka Bishop over the Ozubulu tragedy. Police Public Relations Officer, PPRO, in Anambra State, Nkiru Nwode, said yesterday that Bishop, is expected to appear at the police headquarters in Awka on Friday. The police however, clarified that the invitation is not an arrest. Ikegwuonu was the target of attack on St Philip’s Catholic Church, Amakwa Ozubulu, penultimate Sunday. His father was among the 13 people who lost their lives during the attack that left 30 people wounded. Ikegwuonu, who left the state before the attack on the church he built for his community, returned last Saturday. He attended the first Mass at St Philip’s on Sunday which saw the reopening of the worship centre. The service was attended by Secretary t
APC MAKES OFFICIAL REACTION TO EDO STATE ASSEMBLY CRISIS

APC MAKES OFFICIAL REACTION TO EDO STATE ASSEMBLY CRISIS

Breaking, Politics
Anselm Ojezua,  has assured that peace will return to the Edo state house of assembly. Anselm who is the chairman of the All Progressives Congress (APC), gave the assurance following the fracas that occurred on the floor of the chamber on Monday. Some members impeached Justin Okonoboh and elected Kabiru Adjoto as the new speaker after violence ‎sparked in the chambers. Speaking with journalists on Tuesday after meeting Governor Godwin Obaseki, Ojezua confirmed ongoing consultations to ensure that Adjoto’s election conformed with party’s power sharing arrangement. He said the change of leadership was nothing new as the national assembly has had similar changes. “We sought to find out if there were fundamental issues that led to the impeachment between yesterday and today.
OUR PRESIDENT WILL BE BACK SOON – BABAFEMI OJUDU

OUR PRESIDENT WILL BE BACK SOON – BABAFEMI OJUDU

Breaking, Politics
Babafemi Ojudu,  the Special Adviser to the President on Political Matters, on Monday said President Muhammadu Buhari is coming back to Nigeria. He said this while dismissing comments that the presidency sponsored some Nigerians to embark on solidarity protests across the country in support of Buhari. Ojudu said that the presidency does not hire people for protest marches, saying that those who participated in the pro-Buhari protest were die-hard supporters of the president. “I was working in my office when I was called to go and receive them, just the way we also received the BringBackOurGirls’ protesters last time. ”This presidency does not give money to anybody. This is not our tradition, is not our culture to buy protest or induce people to do any. “You will be surprised
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