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House of Representatives Thumbs up NNPC Ltd. Reforms, Profitability

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The House of Representatives has commended the on-going reforms at the
Nigerian National Petroleum Company (NNPC) Ltd, saying that the legislature is
very pleased with the company’s growth from a loss-making one into a profitmaking commercial entity.

The commendation came from the Speaker of the House of Representatives, Rt.
Hon. Abbas Tajudeen, when NNPC Ltd.’s Group CEO, Mele Kyari led the company’s
Senior Management on a courtesy call to the House of Representatives at the
National Assembly Complex, on Thursday.
The Speaker, who described the NNPC Ltd. as a critical stakeholder in Nigeria’s
economy, said that it is imperative for all arms of government to support the
Company to enable it deliver on its mandate.

“When we discuss the Nigerian economy, we must talk about the NNPC Ltd. as a
dominant force. We are delighted that the ongoing reforms at NNPC Ltd. have
started yielding fruit. It is pleasing to hear that you have moved from a lossmaking entity to a profit-making one. We urge you to sustain these reforms,” the
Speaker stated.

The Speaker, who congratulated President Bola Tinubu for the bold decision to
remove subsidy on petroleum products said the singular decision has relieved the country of a major problem that has bogged it over the years.

He called on the NNPC Ltd. management to devise more practicable ways of
revamping the nation’s refineries to turn around their fortunes for the better.
Describing crude oil theft and pipeline vandalism as a huge problem which, if left unchecked, could bring the nation’s economy to a halt, the Speaker assured that the Parliament would support the NNPC Ltd. in its fight against the menace.

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Earlier in his remarks, the GCEO of NNPC Ltd., Mr. Mele Kyari said that with the
passage of the Petroleum Industry Act (PIA) 2021, NNPC Ltd’s profitability margins
have significantly risen, growing from a loss position of N803billion in 2018 to a
profit position of N674billion in 2021.
Kyari noted that NNPC Ltd. is targeting a profit increase of N2trillion when the
2022 Audited Financial Statements (AFS) are released, adding that since July this
year, the Company has started paying dividends to its shareholders.

While lauding the National Assembly for the critical role it played in the
enactment of the Petroleum Industry Act (PIA) 2021, Kyari said that this legislative
endeavour had given birth to a new commercially oriented National Oil Company
(NOC) that is governed by the Company & Allied Matters Act (CAMA).

He informed the House that the Company has made robust plans for the supply
of petroleum products especially Premium Motor Spirit (PMS), also known as
petrol, sufficient to last beyond the ‘ember months and the new year festivities.
“By the creation of the National Assembly, NNPC Ltd. is saddled with the
responsibility of guaranteeing Nigeria’s energy security which is critical to national
security.

We have made a robust plan for the forthcoming end of the year
festivities and beyond. We do not see any shortages in the petroleum products.

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President Tinubu appoints General Oluyede as acting Chief of Army Staff

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The new acting chief of Army staff

 

 

President Bola Ahmed Tinubu, Commander-in-Chief of the Armed Forces, has appointed Major General Olufemi Olatubosun Oluyede as the acting Chief of Army Staff (COAS).

Oluyede will act in the position pending the return of the indisposed substantive Chief of Army Staff, Lt. General Taoreed Abiodun Lagbaja.

Until his appointment, Oluyede served as the 56th Commander of the elite Infantry Corps of the Nigerian Army, based in Jaji, Kaduna.

The 56-year-old Oluyede and Lagbaja were coursemates and members of the 39th Regular Course.

He was commissioned a second lieutenant in 1992, effective from 1987. He rose to Major-General in September 2020.

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Oluyede has held many commands since his commissioning as an officer. He was Platoon Commander and adjutant at 65 Battalion, Company Commander at 177 Guards Battalion, Staff Officer Guards Brigade, Commandant Amphibious Training School.

General Oluyede participated in several operations, including the Economic Community of West African States Monitoring Group (ECOMOG) Mission in Liberia, Operation HARMONY IV in Bakassi, and Operation HADIN KAI in the North East theatre of operations, where he commanded 27 Task Force Brigade.

Oluyede has earned many honours for his meritorious service in various fields of operations. These include the Corps Medal of Honour, the Grand Service Star, Passing the Staff Course, and Membership in the National Institute.

Others are the Field Command Medal, the Field Command Medal of Honour, and the Field Training Medal.

Oluyede also received the coveted Chief of Army Staff Commendation Award.

He is married and has three children.

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Kano approves 1st Term 2024/2025 Academic Year Visiting Date For Boarding schools

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Kano State Government has approved Saturday 2nd November, 2024 as the Visiting Date for Boarding Public/Private Primary and Post Primary Schools in the state.

Parents/ Guardians of Pupils and Students in the Boarding Schools are to visit their wards from 9:00am to 5:00pm on the stipulated date.

A statement by the Director Public Enlightenment Kano State Ministry of Education Balarabe Abdullahi Kiru explains that… ” Saturday 2nd November, 2024 has been approved and set a aside as visiting day for all boarding primary and post primary schools in the state “.

The statement therefore advised Parents/Guardians to ensure total compliance with rules and regulations governing the visiting procedures.

It however quoted the State Commissioner of Education Alhaji Umar Haruna Doguwa expressing his appreciation over the usual support and cooperation given to the ministry and wished the students and their Parents/Guardians successful and hitch free visiting exercise.

 

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Group Faults Abdullahi Gwarzo’s Removal As Minister, Says too Risky for APC

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Abdullahi Tijjani Gwarzo former minister of state for housing and urban development

 

The Congress of APC Youth Groups has faulted the recent removal of Engineer Abdullahi Tijjani Gwarzo as Minister of State Housing and Urban Development.

The group in a statement Tuesday signed by its Chairman Abdullahi Wada Kura described the removal of Gwarzo as shocking and risky for the All Progressives Congress in the state.

“Ruwa Baba enjoys the sympathy and support of the majority in the state. His sacking has led to a widespread discontent that will definitely weaken the APC’s influence and future prospects in the state,” the group warned.

Gwarzo who was removed along with 4 others has thanked the President for giving him the opportunity to serve his country.

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However, the group alleged that his sacking was politically motivated by a well placed political individual in Kano.

“The person behind the removal of Gwarzo misled the President, it’s pertinent to know that one person cannot decide for Kano,” it said.

It further warned that the action is a silent endorsement of the NNPP noting that politicians like Gwarzo shouldn’t be thrown away without any justifiable reason other than the decision of a single individual who claims to control the politics of Kano.

“If not returned to office, by 2027, the President will know whether Gwarzo is for the people or not but it’s evident from the sympathy people are showing and the prayers conducted due to his removal.

“Kano North is a stronghold of APC because of Gwarzo and other stakeholders from the zone, not one person.

The President should give it a look but it’s a risky decision ahead of 2027,” Wanda said.

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