The Ogun State government, on Wednesday, 20 November, 2024, described the allegation leveled against Governor Dapo Abiodun by the Peoples Democratic Party (PDP) governorship candidate in the 2023 polls in the state, Hon Ladi Adebutu, as the ranting of a drowning man, claiming that the governor could not account for local government funds in the last five years. In a statement signed by the Special Adviser to the Governor on Media and Strategy, Hon Kayode Akinmade, the Ogun State government said it was not surprised by the antics of the PDP chieftain, who it noted is currently under investigation by…
Author: Abimbola Ogunaike
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The Minister of Solid Minerals Development, Dr. Dele Alake has stated that the ongoing reforms under the current administration are set to position Nigeria as a global mining hub. Delivering the keynote address at the opening of the 2024 Nigeria Mining Week, themed “From Inside Out: Building the Mining Sector to be the Cornerstone of Nigeria’s Economy,” Dr. Alake emphasized that the government’s efforts to sanitize the sector, foster diplomatic relations, and promote investment are positioning Nigeria as a formidable mining nation. Outlining the progress made on his 7-point agenda, the Minister announced that the process to incorporate the Nigeria…
The House of Representatives, on Wednesday, 20 November, 2024 approved for second reading a bill to ensure adequate funding for mineral resources, exploration and extraction through public-private partnerships. Leading the debate on the bill’s general principles, the sponsor and member representing Surulere II Federal Constituency, Lagos State, Lanre Okunola, described the proposed legislation as a transformative framework aimed at advancing Nigeria’s mining sector through improved funding, strategic public-private collaboration, and adherence to international best practices in mineral exploration and extraction. Okunola stated, “The bill aims to ensure that our mining sector reaches its full potential, creating jobs, fostering economic growth,…
The House of Representatives has mandated electricity distribution companies to undertake a N500 billion recapitalisation to enhance their financial stability and ensure they can efficiently meet their obligations to the Nigerian public. This resolution followed the adoption on Wednesday, 20 November, 2024 of a motion titled “Need to Address the Activities of Distribution Companies in Nigeria,” sponsored by Ayokunle Isiaka, the member representing the Ifo/Ewekoro Federal Constituency of Ogun State. In soliciting support for the motion, Isiaka highlighted that recent actions by DisCos have posed a significant threat to the nation’s economic stability and the welfare of Nigerians. He expressed…
As part of efforts to safeguard learning environments over the next three years, the Federal Government has allocated N112 billion through the National Plan for Financing Safe Schools in the country. The Minister for Women Affairs, Imaan Suleiman-Ibrahim made this disclosure through a statement on Wednesday, 20 November, 2024 to mark Universal Children’s Day, themed “Advancing Children’s Rights for a Sustainable Future”. The minister also stated that the government has made significant progress in advancing children’s rights through the adoption and implementation of several initiatives. “Through the National Plan for Financing Safe Schools, over N112 billion has been allocated to…
The House of Representatives on Wednesday, 20 November, 2024 charged its Committee on Insurance and Actuarial Matters to conduct a forensic investigation into over N30 billion in unsettled insurance claims tied to the Nigeria Police Force, the Head of Service, and the Ministry of Defence. The House noted that the unsettled claims were a result of failures in actuarial valuation, gap analysis, and non-compliance with Section 57 of the Insurance Act, 2023, and Section 4, Subsection 5 of the Pension Reform Act, 2014, among others. The resolution of the House was a sequel to the adoption of a motion titled,…
Stakeholders in the gaming industry in Oyo State have been urged to collaborate more with the state government, regulators and consumer rights groups to bring about more innovations and consumer safety within the sector. The Oyo State Gaming and Lottery Board made this call at the 6th edition of the Stakeholders’ Interactive Forum tagged “Boom or Burst,” which was organised by the Board on Wednesday, 20 November, 2024. At the event, which had in attendance critical stakeholders in the gaming industry, the government advocated for a need to create a balanced approach that would foster growth without compromising the safety…
Chairman of the Ilorin Branch of the Nigerian Bar Association, Barrister Sulyman Kosemani has commended the Economic and Financial Crimes Commission, EFCC, on its war against corruption in the country promising to work with it within the ambit to tackle it. This commendation was made in Ilorin on Tuesday, November 19, 2024 when the Kosemani led other members of his executives on a courtesy visit to the Zonal Director, Ilorin Zonal Directorate of the EFCC, Harry Erin, at the Commission’s office in Ilorin. He said the essence of the visit was to enable the new heads from both sides to…
Kwara State Governor Abdulrahman Abdulrazaq on Tuesday, 19 November, 2024 visited the sites of some of his legacy projects, including the talk-of-the-town Innovation Hub, which is receiving finishing touches ahead of its public unveiling. The Governor said the objectives for the huge projects are to build a new ecosystem that makes Kwara a go-to place in Nigeria and build an economy that benefits the people and further elevates the state. Governor Abdulrazaq was responding to a media enquiry requesting him to explain the huge investments on projects such as the garment factory, international conference centre, visual arts centre, innovation hub,…
In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. It would be recalled that in July, 2024, NNPC Ltd and its partner, the Sterling Oil Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate crude oil blend, following the lifting of first cargo of 950,000 barrels which headed for Spain. During a ceremony held at the Argus European Crude Conference taking place in London, United Kingdom, on Wednesday, the Managing Director,…