Connect with us

News

House of Representatives Thumbs up NNPC Ltd. Reforms, Profitability

Published

on

 

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.

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.

News

Governor Abba Kabir Yusuf Distributes 10,000 Free JAMB Forms to Secondary Students”

Published

on

 

The Governor of Kano State, Alhaji Abba Kabir Yusuf, has inaugurated the distribution of 10,000 free JAMB forms to Kano secondary school students.

During the flag-off of the distribution, the Governor, who was represented by the state’s Commissioner of Education, Ali Haruna Makoda, also used the opportunity to inaugurate the training of the 10,000 beneficiaries on the use of computer-based tests at various designated centers across Kano State.

On his part, the Governor’s Special Adviser on Education, Alhaji Tajuddin Gambo, said the Governor has promised to provide transport for the beneficiaries throughout the training session and urged them to ensure they pass the examination.

He said the government is willing to select the best schools for the beneficiaries if they pass the examinations.

One of the beneficiaries of the 10,000 free JAMB forms, Fatima Mukhtar Umar, expressed gratitude to Governor Abba Kabir Yusuf for issuing the free JAMB forms and promised not to disappoint.

In a statement by Governor Abba Kabir Yusuf’s Special Adviser on Information, Ibrahim Adam, it was noted that the Governor used the opportunity to elaborate on the feats achieved by his government in developing the education sector in the last 22 months. These include the re-introduction of foreign and domestic scholarships, re-opening of 21 skills acquisition institutes, general renovation of primary and secondary schools, construction of new classrooms, provision of classroom furniture and writing materials, and the distribution of free uniforms to primary school pupils.

Other achievements, according to the Governor’s Special Adviser on Information, Ibrahim Adam, include the reduction of 50% of registration fees in state-owned tertiary institutions, cash conditional transfers to support girl-child education, and the settlement of registration fees for NECO, NABTEB, and NBAIS, to mention but a few.

Ibrahim Adam said Governor Abba Kabir Yusuf urged all the beneficiary students to make the best use of the opportunity and strive for excellence in their academic pursuits, saying that the future belongs to those who work tirelessly to turn dreams into realities.

#

Continue Reading

News

Pastor Tunde Bakare Criticizes President Tinubu’s Economic Policies and Governance

Published

on

 

Pastor Tunde Bakare, a prominent cleric and former vice-presidential candidate, has openly criticized President Bola Ahmed Tinubu’s handling of the Nigerian economy.

Speaking during his Easter sermon in Lagos, Bakare accused the President of undermining the independence of the National Assembly, claiming it has become “the 48th member of his cabinet.”* He also condemned Tinubu’s declaration of a state of emergency in Rivers State, describing it as a misstep in governance.

Bakare, who was the vice-presidential candidate for the Congress for Progressive Change in the 2011 elections, did not hold back in his critique of other political figures. He took aim at Senate President Godswill Akpabio, referencing allegations of sexual harassment made by Senator Natasha Akpoti. According to Bakare, the Senate’s handling of the matter reflects poorly on its leadership and ethical standards.

#

The cleric also addressed the controversy surrounding Senator Nwebonyi, who was involved in a heated altercation with former Minister Oby Ezekwesili during a Senate Ethics Committee hearing. Bakare expressed disappointment in the conduct of the Senator, emphasizing the need for decorum and accountability in public office.

Turning his attention to Rivers State, Bakare criticized former Governor Nyesom Wike, accusing him of effectively serving a third term through his influence over the state’s current administration. He described Wike’s continued dominance in Rivers politics as detrimental to democratic principles.

Bakare’s sermon, delivered to a congregation in Lagos, highlighted his concerns about the state of governance in Nigeria. His remarks have sparked discussions across political and social circles, with many debating the implications of his pointed criticisms.

The Easter sermon served as a platform for Bakare to voice his discontent with the current political climate, urging leaders to prioritize transparency, accountability, and the welfare of the Nigerian people. His statements have added to the growing discourse on the challenges facing the nation under the current administration.

 

Continue Reading

News

Barau Jibrin Foundation Awards Postgraduate Scholarships to 300 Nigerian Students

Published

on

Cross section of participants including the Deputy Senate President Barau Jibrin

 

The Barau Jibrin Foundation has awarded postgraduate scholarships to 300 students within Nigeria. The scholarship program, aimed at fostering academic excellence and providing financial assistance to deserving students, was officially launched during a ceremony at the Bayero University, Kano (BUK) convocation arena.

The event, which included a flag-off ceremony and screening process, witnessed the presence of distinguished personalities from the academic and political spheres. Deputy Senate President Senator Barau Jibrin, during his opening remarks, emphasized the fundamental role education plays in shaping society.

Participants and beneficiaries

Participants and beneficiaries

“Education is the bedrock of every society, and it is a collective responsibility to ensure its success,”Senator Jibrin stated.

He further highlighted Bayero University’s commitment to academic excellence, adding, “BUK’s attainments can now be compared to any university in the world.”

The Deputy Senate President lauded the university administration for their cooperation in conducting the screening exercise, calling for transparency in the selection process. He acknowledged the efforts of the Vice-Chancellor, Professor Sagir Adamu Abbas, in advancing education, particularly through partnerships with the Barau Jibrin Foundation.

#

In his goodwill message, Chief of Staff to the Deputy Senate President, Professor Muhammad Bin Abdullahi, announced that the 300 scholarship beneficiaries are students of Kano origin, selected to study at various universities across Nigeria.

BUK Vice-Chancellor, Professor Sagir Adamu Abbas, commended the foundation’s initiative, describing it as “a noble intervention and a testament to the unwavering commitment to education.”* He noted that Senator Jibrin’s contributions to the university have been impactful, touching critical areas of development.

“This initiative demonstrates the power of education in shaping problem-solvers,” Professor Abbas remarked, adding that Bayero University remains ready to support such interventions in the future. He expressed pride in Senator Jibrin’s status as an alumnus, acknowledging his dedication to educational progress.

The scholarship program is expected to ease the financial burden on postgraduate students and encourage academic excellence across the country. Stakeholders at the event reiterated their commitment to education and praised the Deputy Senate President for his foresight in creating opportunities for Nigerian students.

The Barau Jibrin Foundation, known for its various educational initiatives, continues to champion the cause of learning, ensuring that young Nigerians have the resources they need to thrive in their academic pursuits. With this scholarship program, the foundation has reaffirmed its dedication to building a more educated and empowered society.

 

Continue Reading

Trending