Posts

Showing posts from February, 2017

38 days in power: 8 things Osinbajo has done as Acting President

  Professor Yemi Osinbajo as Nigeria's Acting President has gained some good popularity among the Nigerian people. Many feel, the state of the nation is so bad, Osinbajo doing a little seems like a lot to Nigerians. Others have even said they prefer him as president to President Buhari who has been away since Thursday, January 19, 2017. Here are some things the Acting President has done: 1. Food Programme On January 27, 2017 the acting president held a meeting with the executive director of the World Food Programme (WFP), Ms Ertharin Cousin. And on Friday, January 24, he promised that the Federal Government was planning urgent relief to poultry farmers in the country to save the industry from collapse. He also presided over the FEC meeting on February 1, during which the Presidential Task Force on Food Security was mandated to reduce prices of food items in the country 2. Chief Justice Onnoghen The acting president, on February 7, sent the name of the acting Chie

Oil production cost drops from $70/barrel to $27/barrel

    Nigerians will soon have reasons to smile following a recent success recorded by the nation's oil sector. According to a report by oilprice.com, the unit technical cost for producing oil has dropped from $70/barrel to $27/barrel in about two years. Makanti Baru, the group managing director of the Nigerian National Petroleum Corporation (NNPC), made this revelation on Thursday, February 23, stating that this development is monitored from 2014-2016. He was quoted to have said: “With reduced cost of production, govt’s share of economic revenue will improve which means reduced budget deficit," adding that Nigeria will no longer import petroleum by 2019. The report also revealed that the rig rates for NNPC's deep offshore operations have dropped drastically from US$580,000 to US$164,000 per day, the official said. Nigeria reportedly had the world’s third highest average cash at US$28.99 in 2016, to produce a barrel of oil or gas equivalent in 2016 only behind the UK

Acting President moves to restore sanity in the Niger Delta, releases 9 arrested agitators

  Acting President Yemi Osibanjo has released nine Niger Delta agitators who were arrested in the renewed militancy in the volatile region Spokesman of Ijwa Youth Council, Eric Omare, applauded the Acting President for such move Omare said despite the release of the nine, there are still others yet to be released Acting President Yemi Osinbajo on Thursday February 23, 2017 made a great move as he was alleged to have released nine Niger Delta agitators who were arrested and detained in connection with renewed agitation in the Niger Delta. In a statement signed and made available to journalists in Delta, spokesman of the Ijaw Youth Council, Eric Omare, said the released agitators were handed over to the Delta state police command by the Joint Military Task Force before being let go on Thursday. Omare said the released agitators include ex-militant leader, Mr. Goddey Smith Bounanawei (alias King of the Forest) and nine others including Peremor Ekpesegba, Akpos Livinus, Monday Ebime

Nigeria set to begin yam exportation to China, others by July - Ogbeh

   The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has disclosed that Nigeria is set to become one of the yam exporting countries by July 2017, Vanguard reports. Ogbeh made this disclosure on Thursday, February 23, in Abuja as technical working committee was inaugurated to fast track the exportation of yam. Audu Ogbeh says Nigeria is set to begin yam exportation to China, others by July Get the Latest Nigerian News Anywhere 24/7. Spend less on the Internet According to the minister, the Chinese government has demanded dry yam from Nigeria to meet industrial and domestic needs. Ogbeh said Nigeria has remained one of the world’s largest producers of yam, which accounts for 61.7 per cent of the global production of the root crop, while there are over 60 varieties of yam, but sadly, Nigeria not among yam exporting countries. He assured that local production and consumption of the commodity would not be affected by the move to export yam soon, rather government

Violent protest erupts in Ogun market over invasion by customs officers

   A protest by angry youths and rice sellers in Ogun is reportedly turning violent at the Sango-Ota area of the state with the participants blocking the two ends of the Lagos-Abeokuta expressway. The protesters are angry over alleged invasion of their markets by officers of the Nigerian Customs Service The protesters, according to reports, are provoked by the constant invasion and attacks on rice sellers and other business people by officers of the Nigerian Customs Service. Sango-Ota is a few kilometres from Benin Republic and there have been usual clashes between custom officers and alleged smugglers. But some of the rice sellers allege that the customs officers often storm their shops and stalls at the Sango-Ota market to confiscate their goods even when they were not found to have smuggled such. The Punch also reports that the fresh protest engulfed the entire area allegedly after officers of the Nigerian Customs Service stormed some stalls in the morning of Wednesday, Febru

BREAKING: While Buhari is away, Osinbajo signs 7 bills into law

  While, President Buhari away, Acting President, Professor Yemi Osinbajo has assented to seven bills passed by the National Assembly. Below is the list of bills: 1. Oath (Amendment) Act 2017 2. Defence Space Administration Act 3. Veterinary Surgeons(Amendment) Act 4. National Film and Video Censors Boad 5. Pension Rights of Judges 6. Nigerian Institute of Social Science Establishment Act 7. Mortgage Institutions Amendment Act. Senator Ita Enang, the Senior Special Assistant to the President on National Assembly matters confirmed that Osinbajo had indeed endorsed the bills. Also Enang explained that the Acts, other than the Defence Space Administration Act and Institute of Soil science were mainly Amendments to the Principal Act and they are intended to bring the Acts in conformity with current realities. Recall that Osinbajo has been acting for President Muhammadu Buhari since January 19, 2017. Meanwhile, the National Executive Council (NEC), met on Thursday, February 1

White House releases full text of President Trump's telephone call with President Buhari

    The white House has released the full text of the telephone call between President Trump of America and Muhammadu Buhari of Nigeria The news is coming after some Nigerians refused to believe the call actually took place. According to reports from the Presidency, President Buhari spoke with President Trump on Monday February 13. This however generated a lot of controversies. But according to a release on the official website of the White House titled 'readout of the President’s Call with President Muhammadu Buhari of Nigeria,' Trump discussed diverse issues with his Nigeria counterpart. The press release read in full: “President Donald J. Trump spoke this week with President Muhammadu Buhari of Nigeria to discuss the strong cooperation between the United States and Nigeria, including on shared security, economic, and governance priorities. “President Trump underscored the importance the United States places on its relationship with Nigeria, and he expressed interest i

White House releases full text of President Trump's telephone call with President Buhari

The white House has released the full text of the telephone call between President Trump of America and Muhammadu Buhari of Nigeria The news is coming after some Nigerians refused to believe the call actually took place. According to reports from the Presidency, President Buhari spoke with President Trump on Monday February 13. This however generated a lot of controversies. But according to a release on the official website of the White House titled 'readout of the President’s Call with President Muhammadu Buhari of Nigeria,' Trump discussed diverse issues with his Nigeria counterpart. The press release read in full: “President Donald J. Trump spoke this week with President Muhammadu Buhari of Nigeria to discuss the strong cooperation between the United States and Nigeria, including on shared security, economic, and governance priorities. “President Trump underscored the importance the United States places on its relationship with Nigeria, and he expressed interest