Author: Our Reporter
President Bola Tinubu on Monday met with officials of the Standard Chartered Bank in Aso Rock where he said that Nigeria remains committed to a balanced approach to energy transition and requires substantial investments in the oil and gas sector to meet the energy demands and economic needs of its population. Speaking at a meeting with the Group Chief Executive of the group, President Tinubu called for a just energy transition that supports vulnerable communities across the nation. A statement by Special Adviser on Media and Publicity to be President Ajuri Ngelale, Tinubu while highlighting the importance of balancing the…
The Federal Government says it wholesomely commits Nigeria to the implementation of the tenets of the Biological Weapons Convention and will not develop, produce, acquire, or retain biological weapons in line with the international community’s efforts to tackle the proliferation of weapons of mass destruction. The Biological Weapons Convention (BWC) which is the key international treaty that addresses the threat of biological weapons, prohibits effectively, the development, production, acquisition, transfer, stockpiling, and use of biological and toxin weapons. It was the first multilateral disarmament treaty banning an entire category of weapons of mass destruction (WMD). READ ALSO: Outpouring of support…
The Federal Inland Revenue Service (FIRS), recently unveiled a new slogan as part of the company’s multiple reform approach to improve service delivery. Senior correspondent Joy Gyakyor examines the slogan’s potential to support the agency’s revenue collection drive. It is becoming undoubtedly evident that President Bola Tinubu was right in his choice of Dr. Zacch Adedeji, a widely acclaimed tax ace for the position of executive chairman of the Federal Inland Revenue Service (FIRS). Dr. Adedeji who previously played critical roles in the formulation of the economic direction of the current administration, understands the place of friendly and customer-centric tax…
…Targets 5% increase in market share through EPC projects The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has announced a 137 percent increase in operating profits for the year 2023. Olufemi Soneye, Chief Corporate Communications Officer of the NNPCL in a statement said, this was disclosed by the Chairman of the company’s Board of Directors and Executive Vice President, Downstream, NNPC Limited, Mr. Adedapo Segun, at the Company’s 34th Annual General Meeting held in Lagos on Friday. The Board Chairman explained that NETCO recorded a 101 per cent revenue increase…
The Federal Ministry of Arts, Culture, and Creative Economy on Thursday defended every budgetary provision in its 2024 budget saying that the allocations were made to fund several prjocta and programmes. The ministry in a statement by its media office also insisted that it has not breached its budget regarding solar power provision. “Inacucuracies and misrepresentations regarding our 2024 budget. In the interest of transparency and clarity, we are providing accurate information to dispel any misconceptions,” the statement noted. Parts of the statement also said that the ministry’s budget allocation for Research and Development (Budget Code: 23050101) amounts to “N3,709,755,673,…
President Bola Tinubu on Wednesday inaugurated three major gas plant projects in Imo and Delta States, in high hopes to boost the country’s domestic supply with at least, 500million cubic feet of gas. “It is pleasing that approximately 500MMscf of gas in aggregate would be supplied to the domestic market from these two Gas Processing Plants, which represents over 25 percent incremental growth in gas supply,” the President noted during the virtual launch at the Presidential Villa, Abuja. According to President Tinubu, the projects are fully in line with the decade of gas initiative, and the Federal Government’s quest to…
Governor Hyacinth Alia of Benue State, has won the “Advocate of the Masses and Human Rights” award 2024. This second national recognition and award is coming barely eleven months since he was sworn-in as governor of the State on 29th May 2023. Governor Alia in Mach last year also won the Leadership Newspaper 2023 “Governor of the Year Award” for his exceptional leadership in providing good governance to the people of the State, through prudence, transparency, accountability, and a consciencous effort to block wastages. A statement by his Chief Press Secretary, Tersoo Kula said the award was presented to the Benue…
The Federal Government on Monday announced that it will reward the most excellent, hard-working and innovative Micro, Small and Medium Enterprises (MSMES) in 2024, with an SUV, a residential Flat, and a minimum of N3million at this year’s edition of the MSMES clinics initiative. The MSMES award event is designed to commemorate the 2024 United Nations world MSMES Day as an avenue for recognising and supporting outstanding small businesses in the country. Senior Special Assistant to the President on Job Creation and MSMES. Tola Adekunle-Johnson told Journalists at a press conference kick-starting activities for the programme of the event in Abuja,…
The Federal Government on Sunday said it is set for the initial roll out of Compressed Natural Gas Initiative (PCNGI) by the end of May this year, a presidential aide revealed. President Bola Tinubu had set up the initiative as part of his administration’s palliative arrangement for Nigerians following the removal of subsidy on petreum products. The Nigerian National Petroleuem Company Limited (NNPCL) in August 2023, also announced that it is partnering with NIPCO Gas Limited to develop Compressed Natural Gas (CNG) stations across the country. Special Adviser to the President on media and publicity to the President, Bayo Onanuga in…
The United Nations Information Center (UNIC), has organised a capacity building workshop for journalists convering Nigeria’s seat of power, the presidential villa, on solutions and sustainability journalism. UNIC said the training for members of the State House Correspondents, is part of the United Nations agenda to equip media practitioners with the skills and competence to promote development and preservation of society for the future. The training with the theme, “Promoting Solutions- Oriented and Sustainability Journalism in a Modern Democracy,” was also supported by the Lagos State government. Among resource persons who made presentations at the workshop were Professor Jide Jimoh…