News
Tinubu Working To Move Nigerians Out Of Poverty – Finance Minister
Published
7 months agoon
By
Editor
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has said that President Bola Tinubu is charting a way to move a lot of Nigerians out of poverty.
He stated this in Bauchi on Monday, during the opening ceremony of the 2024 National Council on Finance and Economic Development (NACOFED)’s conference.
According to him, the president is leaving no stone unturned in order to ensure that life is made easy for Nigerians by coming up with policies and programmes that would be beneficial to all.
“President Tinubu’s administration inherited assets and liabilities and there was no looking back but it’s a question of charting a way of looking forward and making plans in order to first of all stabilise the economy.
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“He is working hard to get investments through private sector investors both domestically and foreign direct investors to increase the productivity of Nigeria, grow the economy, create jobs and of course move a large number of people out of poverty.
“When you try to look at where we are now, essentially, the major macro economic reforms are in place.
“He has stopped the bleeding that was costing five per cent of the GDP of the country every year that was adding no value except to a few people and neighbouring countries that were benefiting from what was happening with the fuel subsidy and as well, a related foreign exchange subsidy.
“The benefits were saved for just a few and a mass of Nigerians were not getting any benefits from those structures.
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“They have been removed and the federation account will benefit from increased flow of resources to the federal, states and local governments and so much more can be done in terms of investing not just in infrastructure but in social services like education and health,” he said.
The Minister assured that the road is clear for private sector investors and that the country is back in the business on the road to industrialisation based on what is happening in the petroleum refining sector.
He said that crude oil is not just being shipped abroad but it’s being refined locally to give petroleum products and raw materials for industry.
He called on all Nigerians to be encouraged that the country now has a more stable, sustainable macro economic environment that is friendly to investors.
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This, he said, would make it possible not only for them to produce competitively for the domestic market but also to export.
He appreciated all the organisers of the conference for all the efforts put in place to make the consequence a reality and also thanked Gov. Bala Mohammed for his hospitality and warm welcome to all the delegates that turned up the conference.
Also, the Bauchi state governor said that hosting the event is a privilege and has proven the importance of collaboration in addressing the economic challenges and opportunities before the country.
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He assured that the government spared no efforts to ensure that the event surpasses expectations.
“Your presence is a testament to your commitment to advancing Nigeria’s financial and economic landscape.
“I urge all the participants to contribute constructively to the benefit of all Nigerians,” he advised.
The theme of the conference is: Fostering Economic Growth in Challenging Times: Strategies for Policies and Partnership for Fiscal Sustainability & National Development.
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News
Senate committee threatens arrest warrant for NNPCL GCEO
Published
17 minutes agoon
June 27, 2025By
Editor
The Senate Committee on Public Accounts has ordered the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, to appear before it on July 10.
The committee said that it might be compelled to issue an arrest warrant if Ojulari failed to appear before on the said date.
The committee, chaired by Sen. Ahmed Wadada, issued the directive during a brief session of the committee in Abuja after officials of the NNPCL failed to appear before it as expected.
Their presence was required to respond to queries raised last week regarding a staggering N210 trillion allegedly unaccounted for by the company between 2017 and 2023, as detailed in an audit report.
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Rather than appear, the NNPCL, in a letter signed by Adedapo Segun on behalf of the GCEO and read by the committee clerk, Sani Abdullahi, requested an additional two months to prepare a detailed response.
Wadada strongly rejected the request and condemned the absence of NNPCL officials, saying it demonstrated a disregard for the committee’s summons.
“We expected representatives from the NNPCL to be before us today to answer questions thrown at them last week on issues or queries raised in the audit reports before us.
“Their absence is unacceptable, and as a result, this committee is giving the relevant officials from NNPCL ten working days from today, which ends on July 10.
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“This committee was not expecting any documents from NNPCL today but answers to the eleven questions thrown at its representatives last week.
“Therefore, the GCEO of NNPCL must appear before us on July 10 for the expected answers.”
He added that the failure to appear on the scheduled date would leave the committee with no choice but to invoke and assert all its constitutional powers to compel the GCEO’s appearance.
Wadada also declared that the committee may adopt audit queries against other defaulting agencies.
“These agencies are the FCT High Court and the Federal Ministries of Solid Minerals, Steel Development, and Finance. If they fail to appear before the committee on Tuesday next week, they will hear from us,” he said.
(NAN)
News
2025 UTME Mop-Up: 85,790 Candidates Haven’t Printed Exam Slips – JAMB
Published
36 minutes agoon
June 27, 2025By
Editor
Barely 24 hours to the 2025 Unified Tertiary Matriculation Examination, UTME, mop-up, the Joint Admissions and Matriculation Board, JAMB, has expressed deep concern regarding the low number of candidates that have so far printed their examination notification slips, which will authorise them to write the examination.
JAMB had scheduled the 2025 UTME mop-up examination for Saturday, June 28, 2025.
In a statement on Friday, JAMB regretted that “As of this morning (Friday), only 12,442 out of the 98,232 scheduled candidates have printed their slips, reflecting a mere 12.6% participation rate.”
To this end, it appealed to candidates who missed their previous examinations, to reprint their slips to ensure they do not miss this opportunity.
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“We strongly encourage all candidates, particularly those, who missed the main examination, to print their notification slips promptly.
“This is a rare opportunity for them to participate in this year’s examination,” it appealed in the statement that was issued through its spokesman, Fabian Benjamin.
The statement read further: ”We urge all candidates, who missed their previous examinations, to reprint their slips to ensure they do not miss this opportunity.
“The Board is actively monitoring the printing process to determine the number of candidates who will be present for the examination.
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“Meanwhile, we have deployed both human and material resources to facilitate this exercise, ensuring that all registered candidates have the opportunity to sit the examination.
“Please note that failure to print the examination notification slip will result in forfeiture of the opportunity to take the examination.
“Once again, we urge all candidates to proceed immediately to print their slips for the examination scheduled for tomorrow, Saturday, 28th June, 2025.”
News
Arson: Man To Pay N150m For Burning FRSC Patrol Vehicle In Bauchi
Published
7 hours agoon
June 27, 2025By
Editor
A man, Nasiru Gwallaga has been found guilty of committing a crime of burning down a patrol vehicle of the Federal Road Safety Corps (FRSC) in Bara village of Kirfi Local Government Area of Bauchi state in 2023.
The Sector Commander of FRSC in the state, Istifanus Ibrahim who disclosed the development in an interview with newsmen on Friday, said that the convict was charged to pay the sum of N150 million representing the value of the burnt vehicle to FRSC in the state.
According to him, Gwallaga and two other accomplices were also sentenced to one year imprisonment or a fine of N15,000 respectively for conspiracy to commit obstruction, obstruction of civil servants and assault of public servants while on duty.
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He explained that the trio were convicted and sentenced by Justice Safiya Doma, at the Chief Magistrate Court, Fadama Mada, Bauchi State on June 23, 2025.
The FRSC boss added that Gwallaga was also found guilty of causing bodily harm to FRSC staff and was to pay the sum of N170,000 for damaging samsung galaxy phone of the then Acting Unit Commander (UC).
“All the convicts were ordered to pay N50,000 representing the cost spent in prosecuting the case by the nominal complainant.
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“The Judge ruled that they have a right of appeal to the High Court of Justice within 30 days of the Judgement.
“This will serve as a deterrent to those who take the law into their own hands.
“Members of the motoring public are advised to be law abiding as we are not enemies, but compatriots on the road to save lives and property,” said the Sector Commander.
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