President Muhammadu Buhari is expected to pay a one-day working visit to Sokoto State on Saturday, November 5, 2016. The Spokesman of Gov. Aminu Tambuwal, Imam Imam, told the News Agency of Nigeria(NAN) in Sokoto on Friday that the President would be in the state to inspect and inaugurate some developmental projects. Imam said among the projects earmarked for inauguration by the president is the 500-housing estate at Kalambaina-Sokoto. The project was initiated by former Governor Aliyu Wamakko and completed by Tambuwal. The houses will be sold to civil servants in the state, to further reduce housing deficit in the…
Author: David Folami
Former President Olusegun Obasanjo has called on the Securities and Exchange Commission (SEC) to put measures in place that will make sock investors more confident. Obasanjo added that if transparency, stability and credibility can be guaranteed in the stock market, recession will a thing of the past. OBJ said this while meeting with the Director General, Securities and Exchange Commission (SEC), Mounir Gwarzo, on Thursday, November 3, 2016, in Abeokuta. The former President also added that for Nigeria’s economy to get back on its feet, investors need to be confident about the stock market. According to Vanguard, Obasanjo said the…
Lawmakers at the House of Representatives have called for the resignation of Minister of Finance, Kemi Adeosun and CBN Governor, Godwin Emefiele. According to a report by Daily Trust, a House of Representatives panel called on Nigerians to demand for the resignation of the economy’s finance heads fpr allegedly mismanaging the country’s wealth. The call was made on Thursday, November 3, 2016 by Honourable Sadiq Ibrahim, the Chairman of the ad-hoc committee set up to investigate the N700 billion bail-out funds given to some state governments by the federal government, The Adamawa rep member reportedly made the call following failure…
The Rivers state chapter of the All Progressives Congress (APC) has alleged that some Peoples Democratic Party (PDP) Governors and a Senator are behind the plot to rubbish Rotimi Amaechi. You will recall that Justices Inyang Okoro and Sylvester Ngwuta alleged that Amaechi approached them to give judgements in favour of APC in some election cases. The party said the Rivers Governor, Nyesom Wike, Delta Governor, Ifeanyi Okowa, Akwa Ibom Governor, Udom Emmanuel and Senate Leader, Godswill Akpabio all masterminded the plot. The party Chairman, Chief Davies Ibiamu Ikanya also alleged that the PDP Chieftains bribed the judges to tell…
Former President Olusegun Obasanjo said on Saturday in Lagos that Mrs Folorunsho Alakija, Africa’s richest woman by Forbes reckoning, was among the 25 billionaires he made during his tenure as President. Obasanjo stated this at the 2016 Tony Elumelu Foundation Entrepreneurship Forum. The former president was reacting to an allegation by Alakija at the event, that the Obasanjo administration frustrated her effort when she ventured into oil business. Alakija, who spoke before Obasanjo, alleged that his administration illegally took an oil block allocated to her company after her family had invested all its savings to strike oil in commercial quantity.…
Mrs Folorunsho Alakija, one of the richest women in Africa, has urged women to engage in entrepreneurship and businesses that are cost effective to better their lives. She made the call in Enugu on Sunday at a mentorship conference tagged “The Meeting”, organised by an NGO, Ace Foundation in collaboration with Today’s Woman magazine. Alakija, who advised women to equip themselves with genuine skills and trade in the face of the current economic downturn, added that “there are businesses that require small capital to start. It must not be something big. “You have to start from little and then grow…
Nigerian business tycoon, Folorunsho Alakija has said her inability to attend a university or getting a University degree isn’t the end of the world. Alakija made this known at the Excellence in Leadership program, an annual event organised by Daystar Christian Centre, Ikeja, Lagos on Thursday, November 3, 2016. The billionaire who said she would have loved to attend the university if she had the opportunity said might have come out with not so good grades. In her words: “I would have loved to go to the university as we all know that university education is good but some of…
The former aide of ex President Goodluck Jonathan on New Media, Reno Omokri has slammed the Federal Government over the continued detention of Reuben Abati. Abati, a former aide of Jonathan, was picked up by the Economic and Financial Crimes Commission (EFCC) for allegedly collecting N50m from Sambo Dasuki. Omokri, in a tweet, wondered why the Minister of transportation, Rotimi Amaechi is walking free, after allegedly spending N500m on a party for Prof. Wole Soyinka. He said “Reuben Abati allegedly got ₦50 million from Dasuki and goes to jail. Rotimi Amaechi admittedly spent $500k on Soyinka & becomes a minister!”…
One of the chieftains of Afenifere, a pan Yoruba socio-political group, Sir Olaniwun Ajayi, has been reported dead. According to a report by Punch Newspaper, Sir Ajayi died on Thursday night, November 3, 2016 at the age of 91-yrs-old Sir Ajayi was reportedly confirmed dead by a medical practitioner at an undisclosed Lagos hospital. Sir Olaniwun Ajayi was born in Isara Remo on April 8, 1925, to Benjamin Awoyemi Ajayi, a farmer and Marian Efundolamu Ajayi, who traded in the farm produce to sustain the family. Sir Ajayi had his early education at Islamic Primary School, Epe where he schooled…
The Nigerian National Petroleum Corporation (NNPC), has increased the pump price of petrol from initial N141 to N145. According to report, the N4 increase will apply to all the NNPC’s mega stations. Until now, NNPC have sold petrol at N141 per litre at all its mega stations. Reacting to this, spokesman for the NNPC, Garba Deen Muhammad said:”There was no rule that compels any marketer including the NNPC to sell at a particular price. A price regime was introduced between N135 and N145. So, you can sell anywhere within that range. What you are seeing is interplay of market forces.”…
To ensure equal representation in the Police Force, the Inspector General of Police, Ibrahim Idris has said the recruitment of 10,000 applicants will be based on local government quota. In a recent report by Leadership Newspaper, the IGP said the move is in line with the principle of democratic policing. “This is in line with the principle of democratic policing which provides that the police should have equal representative of the community it serves,” Idris said. Speaking in Abuja at an event on Thursday, November 3, 2016, said: ” Nigeria as a country has an estimated population of 182,000,000 with…
The Lagos State Commissioner for the Environment, Dr Babatunde Adejare, on Friday said that total elimination of street trading was being factored into the state’s market reform package. Adejare told the News Agency of Nigeria (NAN) in Lagos that provisions would be made in the reforms to accommodate as many traders as possible in well-organised markets in the metropolis. According to him, the idea is to have markets where sellers, goods and services will be laid out in sectors, in a way that will not give room for street trading. “This will eliminate the belief and tendency that it is…
One of the crusaders of the Bring Back Our Girls, BBOG, group, Aisha Yesufu, has said it would have been great if President Muhammadu Buhari had absconded when he was sworn in. Yesufu reacted to the President’s statement that he would have absconded when he became President as the enormous challenges of the country was scary. Responding via her twitter handle, Yesufu had said “Absconding would have been the best thing you would have done for Nigeria. Anyway, yesterday died last night.” Yesufu joins a list of individuals and groups that have mocked the President’s statement on Thursday, November 3,…
President Muhammadu Buhari loves to tell everyone how empty the treasury was when he took over the reins. In July, 2015, the President recounted a rather gloomy picture of the state of affairs when he assumed duties as the nation’s number one citizen. “This culture of 100 days is bringing so much pressure with treasury virtually empty, with debts in millions of dollars; with state workers and even federal workers not paid their salaries…it is such a disgrace for Nigeria. I think Nigeria should be in a position to even pay its workers. “This bad management that we find ourselves…
The Kaduna Electric on Tuesday said it would commence the distribution of pre-paid meters to its customers in Sokoto, Kaduna, Kebbi and Zamfara beginning from Oct. 10. This is contained in a statement by the company’s Head, Corporate Communication, Abdulazeez Abdullahi, made available to the News Agency of Nigeria [NAN] in Kaduna on Tuesday. He said that the unveiling of the smart metres would be performed in Sokoto on Monday by the Minister of Power, Works and Housing, Mr Babatunde Fashola and Gov. Aminu Tambuwal. Abdullahi said customers to be provided with the free smart meters had been identified in…
The 4,358.2 megawatts (MW) of electricity that was generated as at Sunday, October 16, has further dropped. According to the Nigerian Electricity System Operator of the Transmission Company of Nigeria (TCN) website, electricity dropped to 4,157.80MW on Monday. It explained that the lowest energy generation recorded was 3,186MW, while highest generation was 4,358.2MW. TCN website further revealed that the highest system frequency recorded on Monday was 51.53Hz while the lowest frequency was 48.88Hz. Peak generation ever attained remains 5,074MW. Due to the activities of militant, the generation companies, GENCOs have been faced with the challenge of the inadequacy of gas…
President Muhammadu Buhari has promised to solve the problem in the power sector before the end of his tenure. Buhari made the promises during a meeting with the Director, Global Upstream of Shell Oil Company at the State House, Abuja, on Tuesday, October 25, 2016. The President reportedly promised to solve electricity problem, fix the Niger Delta security problem and also improve the infrastructural as only these will boost the confidence of investors. “It is only by doing this that investor morale and confidence will return, and the economy will be positioned on the path of growth,” the President said.…
The Minister of Power, Works and Housing, Babatunde Raji Fashola, has asked local Engineers to take a long, hard look in the mirror and step up their game. According to Mr. Hakeem Bello who is the Special Adviser on Communications to the Minister, Fashola charged homegrown Engineers to improve their capacity in order to fill in the void in the country’s infrastructure terrain. The press statement from the spokesperson of the Ministry of Power, Works and Housing is reproduced below: The Minister of Power, Works and Housing, Mr. Babatunde Fashola SAN, has called on Nigerian engineers to stand up and…
If you are a Nigerian Engineer, Babatunde Fashola who is the Minister of Power, Works and Housing, doesn’t rate you. It’s okay, we’ve got broad enough shoulders for you to cry on. Worse, if you are studying for an Engineering degree in a Nigerian University, you may want to consider a change of course while it is still day. Sorry, we didn’t make the rules, Fashola did. A delegation of the Nigerian Society of Engineers (NSE) led by its President, Otis Anyaeji, paid the former Lagos State Governor a courtesy visit in his office this week. It was all Fashola…
There have been several news reports to the effect that the Federal Government will be closing a section of the Shagamu Interchange of the Lagos-Ibadan expressway, to traffic. The closure had been billed to commence on Thursday, November 3, 2016. According to the reports, the contractor handling that end of the road, Julius Berger Nigeria Plc, had said the road will be closed for nine days, beginning from November 3 to November 12, for repair purposes. The Ogun State Sector Commander of the Federal Road Safety Corps (FRSC), Mr. Clement Oladele, even issued a statement to back up the news…