News Summary; 28/02/2017 Acting President Osinbajo Hosts Gas Revolution

News Summary; 28/02/2017 Acting President Osinbajo Hosts Gas Revolution

Acting President Osinbajo Hosts Gas Revolution

In what is called a gas revelation, and following the renewed interactive engagements of the federal government with oil producing communities in the Niger delta region, a plan to put in place a gas industrial park that is valued at about twenty billion dollars through a public – private partnership model is now in process.

Governor Akeredolu Meets Workers

In the next two years, Ondo state will commence Exploration and exportation of bitumen while Plans are underway for establishment of a Cement factory and rejuvenation of coca.

The state governor, Rotimi Akeredolu stated this at his maiden meeting with civil servants on His first working day in office.

Book Launch “Within Their Reach”

With growing concerns about the housing situation in Nigeria, one may ask, is it possible for the nation’s teeming urban dwellers, to own quality houses without having millions in their pocket?

Well, a book entitled, “Within their Reach” written by paschal Onyemaechi seeks to answer this question.

CBN Creates Dollar Glut

In keeping with its determination to increase liquidity in the foreign exchange market, the central bank of Nigeria (CBN) on Monday released another $100m into the wholesale forwards segment of the market

The apex bank also pumped an additional $80m into the banks specifically for the settlement of dollar demand for school fees, medicals and personal travel allowance (PTA), among others.

In a statement by its spokesman, Isaac Okorafor, the CBN said that its commitment to providing enough Forex for legitimate business remains unshaken, reiterating that it would do everything possible to ensure the steady supply of Forex to the market.

It will be recalled that efforts by the CBN in making available large amount of Forex to the market has led to the appreciation of the naira by over n85 in less than one week.

There are fears in the market that the local currency may well be on a permanent journey to its natural value put by some analysts at less than n300 to the dollar.

The CBN had maintained that much of the dollar demand had been a bubble created by speculators and hoarders of the greenback.

The apex bank had earlier warned market players and keepers of dollars to make hay and sell their holdings in order to avoid heavy losses.

COAS on Staff Welfare

Chief of Army Staff, Lieutenant-General Buratai says soldiers protecting Nigeria’s territorial integrity and intervening in internal security deserve proper attention and good living conditions to give their very best.

He was in Calabar to commission housing units for soldiers at the 13 brigade, Nigerian army Calabar.

FG To Engage Additional 350,000 Unemployed Graduates
As different sections of the executive arm of the federal government are now defending the 2017 budget proposals before the national assembly, new details are emerging on the continuation of the social investment programmes, (sip)of the Buhari presidency, including a plan to hire 350,000 more unemployed graduates under the n-power volunteer corps.

A statement by senior special assistant on media & publicity to the president, office of the vice president, Laolu Akande, states that president Buhari has requested appropriation of one hundred and fifty-seven point seventy-five billion naira (N157.75b) in the 2017 budget estimates for the n-power scheme.
While urging Nigerians to take advantage of the different schemes this year, Laolu Akande observed that the n-power is just one of the many social investments programmes that has so far drawn the interest and praise of Nigerians across board, adding that a lot more is to come.
Court Sacks Senator Bassey Albert Akpan

The federal high court sitting in Uyo, Akwa Ibom State has directed INEC to issue certificate of Return as senator elect Akwa Ibom north east Senatorial district to Bassey Etim.

The presiding judge, Justice Fatun Riman in Judgment ruled that both PDP and the sitting Senator Bassey Albert could not prove that

Bassey Etim was not the authentic winner of the PDP Primary election conducted in 2014.

Meanwhile, senator Bassey Albert Akpan Representing Akwa Ibom north east senatorial District has directed his lawyers to Proceed to the appeal court over the judgment.

In his reaction contained in a statement signed by the senator, he said, the judgment is biased which culminated in his earlier Petition to the National judicial council and the Chief Judge of the federal high court in November 2016 on the matter.

Senator Akpan wants the people of Akwa Ibom North-east to know that the judgment is not final but will be appealed against.

International Conference on Wheat Production

Nigeria is working towards self-sufficiency in Wheat production with production having increased from seventy thousand tones to Four hundred thousand tons in 2016.

The showcased at an international conference on wheat meant to discourage its importation Into Africa by 2025.

Diasporas Commend FG on Corruption

Nigerians in the United Kingdom have commended new strategies such as the whistle blower initiative adopted by the federal government in the fight against corruption.

They also appealed to the legislature and judiciary to continue to support the anti-graft agencies.

NSA at NDA Conference on Security

How to provide solution to Nigeria’s most pressing challenges relating to insecurity, and economy was the focus of a four day international conference on defence, security and development in Nigeria.

Protesters Besiege PDP Secretariat

Less than a week after the re-opening of the PDP National secretariat by its chairman, Senator Ali Modu Sherrif, protesters have besieged the secretariat demanding that Sherrif should vacate the office.

This is coming as the Makarfi group is calling on the police to stop occupation of the Secretariat by the Sherrif leadership.

Science Minister on City Of Commerce

A park that will promote creativity, technology, research and industrialization is set to be built in Nigeria.

African representatives of the United States Latino American investors Ifeoma Ejiogu said this at a meeting with the minister of science and technology, Ogbonnaya Onu in Abuja.

Senate Queries NAPIMS over Funding Shortfall

The senate committee on gas has queried the national petroleum investment management services, NAPIMS over lack of due process during its presentation of the 2016 budget performance.

While the company’s account in 2017 showed a deficit balance, the committee believes that the account has some inconsistencies.

The co- chair of Bill and Melinda gates foundation French gates last month was the guest of the wife of the president, Aisha Muhammadu Buhari.

The visit is part of efforts to promote health and economic status of women and children in Nigeria.

The full package of the visit and other activities of the wife of the president will be aired tonight on the network service of the NTA.


South East Town Hall Meeting

The south east today took its turn to get explanations on programmers of government during a town hall meeting in Abia state organized by the ministry of information and culture.

Umuahia, the abia states capital played host to the federal ministry of information and Culture’s town hall meeting series.

The special edition of the outing was also used to launch the federal government’s “change Begins with me” campaign at the state level.

showcased as the state with the capacity for an Industrial revolution took the center stage.

Speaking at the event, minister of information and culture Lai Mohammed said the government is determined to ensure that there is continuous engagement with Nigerians as the change agenda unfolds.

He spoke on diversification of the economy as a key to achieving development and overcoming recession.



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