Skip to main content

Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...

'Why Malami, Ngige, others attended FEC meeting as observers'

By Akinola Ajibade

The Federal Government' appointees  were allowed to attend the Federal Executive Council ( FEC) as mere observers, not as participants with constitutional rights to deliberate on national issues. 

They are the Attorney-General of the Federation, Abubakar Malami; the Minister of Labour and Employment, Chris Ngige; the Minister of State for Petroleum Resources, Timipre Sylva; and the Minister of Women Affairs, Pauline Tallen.

The development is coming on the heels of the resignation letters they rendered, in order to be able to contest for the presidential election in 2023.

While reacting to the issue, the Minister of Information, Lai Mohammed  said that the only President Muhammad Buhari ( retd) could determine the fate of the four ministers, who had been hosted at a valedictory ceremony last week only for them to make U-turn and dumped their political ambitions.

Also, Human Rights Activist, Femi Falana said that the meeting was presided over by Major General Buhari.

Responding to a question, Falana said, “They only attended FEC as observers because the President already held a send-off for them. So, they are only observers and even the minister of information has said it is left for the President to determine their fate.

“Nigeria is not a banana republic. It is embarrassing for the President to invite them to a send-off ceremony they voluntarily attended and one of the outgoing ministers even thanked the President,” said Falana.

The senior advocate said as far as the constitution is concerned, the resignation of a minister takes effect once the letter of resignation is received by the appointing authority.

“For the avoidance of doubt, section 306 (2) thereof provides that ‘The resignation of any person from any office established by this constitution shall take effect when the writing signifying the resignation is received by the authority or person to whom it is addressed or by any person authorised by that authority or person to receive it,’”.

Meanwhile, Lai Mohammed said the fate of the affected ministers will be determined by the President.

According to Mohammed: “…about ministers returning or not going, I think you need to give me more time so that I can tell you exactly what the situation is. Right now, I need to cross-check. I need to confirm again from Mr President what the situation is.”

Citing the killing of some policemen in Anambra State, he added that “We did warn Facebook to please, do more than what they are doing now. And I must say that their response was quite encouraging. They said they are going to do much more.”

Comments

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first C...

Oil Block: Why Fed Govt Prioritises Production Bonus To Attract Local & Foreign Investors

Oil Blocks: Why FG Prioritizes Production Bonus to Attract Local and Foreign Investors By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied on a high signature bonus, which refers to a single, non-recoverable lump sum payment made upfront by oil companies for their rights to develop oil blocks, as an option for maximizing revenue generation, thus discouraging investors with limited resources from bidding. Currently, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC which regulates activities in the nation’s oil and gas industry, has removed all entry barriers to attract massive investments. This strategy aims at growing oil and gas production, enhancing Nigerian Content Development, attracting Foreign Direct Investment, contributing to l...

Axella Plans To Deepen Gas Utilisation in Nigeria

Axella' s Director of Business Development, Mr Franklin Imole By Favour  Ifeoluwa & Akinola Ajibade Axella's Gas Processing Plant announces Final Investment Decision ( FID) to develop a 50 MMASCF/D Gas Processing Plant, with h a view to deepen utilisation of gas  in the country. The firm, which is situated  in 0ML 56 in Delta State,  said that its making strategic investment in order to ensure that gas is available for industrial use in Nigeria. Situated in  Delta State, Southern Nigeria and billed to commence operation by the end of 2024, the facility, Axella' said, boasts of 12 MMSCF  Modular Plant with an interconnection pipeline network of about 4kilometres alongside other ancillary infrastructure. The facility, the company added, is expected to commence operation by the end of this year. Speaking on the plant ,  Axella's  Director of Business Development, Franklin Imole said: " As the Federal Government continues to pursue its...