A FORMULA FOR AN ECONOMY (1): AS BAD AS A DEARTH OF IDEAS.
After the second world war, Germany was devastated. The economy collapsed under the weight of the bombshells. The national currency was not worth the value of its printing. There were no jobs for able-bodied (wo)men. The situation was a natural emergency. War-ravaged Germany rose to the occasion with economic philosophies that saw young men engaged in the morning to dig trenches while another set were engaged in the evening to fill up the gourge. Germany is the fifth biggest economy of the world while others are still living on their colonies.…
FEDERAL GOVERNMENT: PETROL SCARCITY WILL LINGER UNTIL FULL DEREGULATION.
Unless the oil sector is fully deregulated, fuel scarcity will remain a norm in the country, the Federal Government hinted yesterday. Also, the government admitted that the soaring price of cooking gas was beyond its control. Minister of State for Petroleum Resources, Timipre Sylva stated these just as the Nigeria Labour Congress (NLC), said Nigeria imports fuel “far more” than it needs. In the House of Representatives, Abuja where NLC President Ayuba Wabba spoke, the Nigeria Customs Service (NCS) put the total volume of Nigeria’s fuel import…
REVENUE ALLOCATION SHORTFALL: PAYMENT OF SALARIES UNCERTAIN IN MONTHS AHEAD - Governors.
Governors of the 36 states of the federation, under the aegis of the Nigerian Governors Forum, NGF yesterday painted a grim picture of the economy, with dwindling revenue allocation, saying payment of salaries would be difficult in the months ahead. The Forum raised the alarm in a presentation it made to the House of Representatives ad hoc committee investigating daily PMS consumption in the country. It, however, attributed the situation to the inability of the Nigerian National Petroleum Company, NNPC, Limited to make remittances accruable fr…
FEDERAL GOVERNMENT SUSPENDS NIGERIA'S PARTICIPATION IN IMO ELECTION.
The Federal Government has suspended Nigeria’s participation in subsequent elections of the International Maritime Organization, IMO, pending when the country does the right things that will make her excel as a maritime nation. Speaking at a just-concluded maritime stakeholders meeting held in Lagos, Minister of State for Transportation, Ms. Gbemi Saraki, said that Nigeria must suspend every effort toward IMO elections until the issues confronting the industry are dealt with once and for all. Saraki also said that issues like maritime security…
MINISTRY TO SET UP OIL, GAS INVESTMENT CENTRE.
The Ministry of Petroleum Resources says it is setting up an Oil and Gas Investment centre which will act as a one-stop Oil and Gas Investment centre to spur Foreign Direct Investments (FDIs). It said the centre would be reciprocated along all the MDAs to create an enabling business environment for would-be investors to attract all the available FDIs into the sector. Mr. Kamoru Busari, Director overseeing the office of the Permanent Secretary, Ministry of Petroleum Resources, made this known on Wednesday in Abuja at the ongoing Nigerian Oil an…
NAVY SHIP OKPABANA RESCUES DISTRESSED OIL VESSEL ON HIGH SEA.
In compliance with the Nigerian navy’s role of search and rescue as well as responsibility towards the safety of lives and property in the country’s maritime environment, Nigerian Navy Ship (NNS) Okpabana rescued a surfer passenger boat, NUE Swift. According to the naval spokesman, Commodore Ayo-Vaughan, the rescue mission was carried out off Bonny Fairway Buoy at about 2 p.m on Tuesday, July 5, 2022. “The 16 metre Surfer Passenger Boat MV NUE SWIFT, which belongs to a Lagos-based Oil Service Company, had a crew of 5 Nigerians onboard. The boa…
Bizarre! Ogun State Entire Judicial Arm of Government and Civil Service Shuts Down Indefinitely. - Olasunkanmi Ogunniran.
At the expiration of the Seven (7) day ultimatum given by the Organised Labour to Ogun State Government to attend to issues affecting the welfare of Civil/Public Servants in Ogun State. Organised Labour Ogun State, has declared and embarked on an indefinite strike since Monday 27th June, 2022. Thereby, the entire Arm of Government and Judiciary and the Civil Service in Ogun State have been crippled and shut down indefinitely. The attendants consequences viz: daily loss of revenue to the State Government, predetainees in custody, delays in arra…
DEALING WITH FRUSTRATED NIGERIANS By Oladipo Akinremi.
The purported sad story behind the picture of the dead man at onigbongbo bus stop in Maryland Lagos goes thus: "A danfo brushed his car, and the man left his car, removed his shoes and ran after the danfo, he tried to hold the bus but the bus conductor pushed him away and another danfo coming knocked him down and that was the end." Relate this to the scenarios below: Scenario 1: Two men were involved in a road rage in the ever busy Nyanya road in Abuja. One brushed the other unintentionally. The fellow whose car was brushed pursued …
