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Wednesday, February 14, 2024

Nigeria Pulls the Plug on Subsidies, Can It Keep the Lights On?

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Nigeria Pulls the Plug on Subsidies, Can It Keep the Lights On?

 

Nigeria Pulls the Plug on Subsidies, Can It Keep the Lights On?


The Minister of Power, Adebayo Adelabu, recently made a significant announcement regarding the future of electricity subsidies in Nigeria. In a press conference held in Abuja on Wednesday, Adelabu emphasized that the country can no longer sustain the practice of subsidizing electricity.

According to Adelabu, Nigeria must transition to a more sustainable tariff model to address its mounting debt to generating companies (GenCos) and gas suppliers. Currently, the country owes approximately 1.3 trillion naira to GenCos and 1.3 billion dollars to gas companies.

During the press conference, Adelabu revealed that only 450 billion naira was allocated for electricity subsidy in the current year's budget, falling far short of the required funds. The ministry estimates a need for over two trillion naira to maintain subsidy levels.

Furthermore, Adelabu announced a significant policy change, allowing states to independently generate power. This move marks a shift towards decentralization in the power sector.

The minister's statements underscore the urgent need for Nigeria to transition towards a cost-effective tariff system and address its outstanding debts. As the country embarks on this transition, stakeholders will need to closely monitor developments in the power sector to understand the implications for consumers and the broader energy landscape.

Sunday, February 11, 2024

Wigwe: ‘He was driving force’- Access Bank confirms death of CEO

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Wigwe: ‘He was driving force’- Access Bank confirms death of CEO

 

Wigwe: ‘He was driving force’- Access Bank confirms death of CEO


Access Holding Plc has officially announced the passing of its Chief Executive Officer, Herbert Wigwe. Sunday Ekwochi, the company secretary, made this disclosure in a statement released on Sunday, revealing that Wigwe, along with his wife and son, tragically lost their lives in a helicopter accident in the United States on Friday, February 9, 2024.


In the statement, the bank expressed profound sadness at the loss, highlighting Wigwe's pivotal role as a driving force with a larger-than-life personality within the organization. The Board of Directors mourned the loss of Dr. Herbert Wigwe, CFR, acknowledging his significant contributions to Access Bank Plc since he joined the organization in 2002.


Abubakar Jimoh, Chairman of Access Holdings, reflected on Wigwe's legacy, praising his intellect, personal qualities, and extensive business experience, which greatly benefited the Access Family. The statement also mentioned the forthcoming appointment of an Acting Group Chief Executive Officer in accordance with the company's policy, expressing confidence in the Access Group's ability to continue building on Dr. Wigwe's legacy of growth and operational excellence.


Herbert Wigwe, his wife, son, and others tragically lost their lives in a helicopter crash in California, United States. Herbert Wigwe, born on August 15, 1966, hailed from Rivers state and passed away at the age of 58.

US Authorities Attribute Chopper Crash that Claimed Access Holding Plc CEO's Life to Wintry Weather Conditions

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US Authorities Attribute Chopper Crash that Claimed Access Holding Plc CEO's Life to Wintry Weather Conditions

 



According to United States authorities, preliminary investigations into the tragic helicopter crash resulting in the demise of Access Holding Plc's Group Chief Executive Officer, Herbert Wigwe, his wife, son, and others, suggest wintry weather conditions as a contributing factor.


During a media briefing held Saturday (3 am Nigerian time, Sunday), Michael Graham, a member of the National Transportation Safety Board, revealed that officials were at the crash site to collect time-sensitive evidence. Graham noted witness reports indicating rain and wintry mix conditions at the time of the accident.


Graham further disclosed that the helicopter lacked a cockpit voice recorder or flight data recorder, as it was not mandated to have such recording devices.


Regarding passenger details, Graham mentioned a lack of specific information, indicating that any names would be released through the coroner's office, although a timeframe was not specified.


In the wake of the tragedy, Access Bank issued a statement on Sunday confirming the passing of Herbert Wigwe and his family members.

Saturday, February 10, 2024

Access Bank founder, Herbert Wigwe reportedly dies in chopper crash in California

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Access Bank founder, Herbert Wigwe reportedly dies in chopper crash in California

 

Access Bank founder, Herbert Wigwe reportedly dies in chopper crash in California



Herbert Wigwe, the co-founder of Access Bank and the founder of Wigwe University, has tragically passed away in a helicopter crash in California, United States.


Wigwe, who also served as the Chief Executive Officer (CEO) of Access Holdings, the parent company of Access Bank, was reportedly traveling with his wife, son, and three other passengers. The helicopter was en route to Las Vegas when it crashed near the border between Nevada and California on Friday night.


The US government has confirmed that there were no survivors among the six individuals aboard the helicopter. The crash occurred around 10:00 pm local time near Nipton, California, an unincorporated community approximately 60 miles south of Las Vegas in eastern San Bernardino County.


Mara Rodriguez, a public information officer with the department, stated that officials from the San Bernardino County Sheriff’s Department were alerted to the downed aircraft at 10:12 pm local time. The crash site was identified east of Interstate 15, near Halloran Springs Road.


While The New York Times has verified the incident, the names of the passengers have not been disclosed. As of now, no official statement has been released regarding the tragic event.

Monday, February 5, 2024

The Presidency and Atiku Abubakar engage in a dispute over the economic policies of Tinubu.

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The Presidency and Atiku Abubakar engage in a dispute over the economic policies of Tinubu.

The Presidency and Atiku Abubakar engage in a dispute over the economic policies of Tinubu.

 

In a recent exchange, former Vice President Atiku Abubakar attributed Nigeria's economic challenges to the "poor policies" of President Bola Tinubu. However, the Presidency responded, accusing Atiku of hypocrisy and failing to propose better policy alternatives. Atiku criticized Tinubu's economic policies, stating that they are causing pain, despair, and a shrinking private sector. He also questioned the effectiveness of Tinubu's budget and characterized his initiatives as uninformed and chaotic.


On the other hand, the Special Adviser to the President on Information & Strategy, Bayo Onanuga, dismissed Atiku's criticism, claiming it reflects a mission as a poor opposition figure. Onanuga defended Tinubu's reforms, including the removal of petrol subsidy and harmonization of exchange rates, emphasizing their long-term benefits. He countered Atiku's claims about a shrinking private sector and multinational companies leaving, stating they are not grounded in facts.


The Presidency highlighted Tinubu's acknowledgment that the reforms would cause immediate pain but insisted they are essential for future prosperity. Onanuga urged Atiku to be honest about the inherited weak economy and commended President Tinubu's focus on solving economic and security challenges through fiscal and tax policy reforms. Despite Atiku's criticism, the Presidency emphasized its commitment to nation-building and economic recovery initiated by President Tinubu.

Residents in Minna block roads protesting the high cost of living.

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Residents in Minna block roads protesting the high cost of living.

Residents in Minna block roads protesting the high cost of living.

 


Residents of Minna, the capital of Niger State, voiced their frustration on Monday by staging a protest against the soaring cost of living in the country. The demonstrators, consisting of women and youths, took to the streets, blocking major roads in the metropolis while chanting protest songs. Despite the visible presence of security agents, including policemen, the protesters pressed on with their grievances.


Citing the escalating prices of essential food items and expressing dissatisfaction with the government's response to address the situation, the protesters sought to draw attention to their plight by obstructing key roadways. The Deputy Governor of Niger State, Yakubu Garba, engaged with the protesters, acknowledging the challenges faced by families and assuring them that the government is actively working to alleviate the cost of living and mitigate the effects of the petrol subsidy removal.


Simultaneously, a war of words unfolded on Sunday between the Presidency and former Vice President Atiku Abubakar regarding the state of the Nigerian economy and President Bola Tinubu's monetary policies. Atiku, the 2023 presidential candidate of the Peoples Democratic Party (PDP), used a post on X (formerly Twitter) to highlight the prevailing hunger in the nation, with basic commodities, including bread, becoming increasingly unaffordable for the average Nigerian. Responding swiftly, Bayo Onanuga, the Special Adviser to the President on Information & Strategy, accused Atiku of adopting the role of a poor opposition-in-chief, asserting that the reforms initiated by the Tinubu government might bring immediate challenges but are designed to usher in prosperity in the medium and long terms.

Wednesday, January 24, 2024

Bwari Abduction: Nigerian Police Successfully Ensure the Release of Sisters Kidnapped in Abuja

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Bwari Abduction: Nigerian Police Successfully Ensure the Release of Sisters Kidnapped in Abuja

Bwari Abduction: Nigerian Police Successfully Ensure the Release of Sisters Kidnapped in Abuja

 

Nigerian police have successfully rescued five sisters who were kidnapped in Abuja, the country's capital. The joint police-army operation took place in the Kajuru forest in Kaduna State on Saturday night, where the girls were being held hostage. The abduction occurred earlier this month, and one of the sisters was tragically killed during the incident. Although the kidnappers had demanded a ransom, the police statement did not specify whether any payment was made. The rescued girls, aged from the early teens to 23, have now been reunited with their family.


The abduction involved the six sisters and their father, Mansoor Al-Kadriyar, in Bwari, a suburb of Abuja, on January 2. Witnesses reported that the girls' uncle sought help but was ambushed and killed, along with three police officers. Mansoor was released by the kidnappers on the condition he raised a substantial ransom. Unfortunately, his 21-year-old daughter, Nabeeha, was killed as a warning. Kidnapping has become prevalent in Nigeria, with criminal gangs seeing it as a lucrative venture. The incident sparked national outrage, leading to calls for intensified efforts by security agencies to address the kidnapping crisis.


First Lady Remi Tinubu urged security agencies to step up their efforts, demanding a swift return of the Al-Kadriyar sisters. Despite a ransom demand of 65 million naira, Defence Minister Mohammed Badaru Abubakar discouraged contributions, emphasizing that ransom payments worsen the situation. Nigerian law prohibits paying ransom, but victims often yield to secure their loved ones' release due to a lack of trust in authorities. Concerns about insecurity reaching the capital prompted Abuja's police force to establish a special squad to combat kidnapping gangs. Minister Abubakar asserted that operations against these gangs elsewhere forced them to move closer to the capital, and security agencies are working diligently to eliminate the threat.

Accra's woes persist! Ghana's disappointing AFCON journey unfolds as Nigerians get their revenge.

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Accra's woes persist! Ghana's disappointing AFCON journey unfolds as Nigerians get their revenge.

Accra's woes persist! Ghana's disappointing AFCON journey unfolds as Nigerians get their revenge.

 

Ghanaian players and fans faced disappointment and tears as the Black Stars exited the Africa Cup of Nations during the group stage. This marks the second consecutive AFCON edition in which Ghana has suffered an early exit, following their defeat to Tunisia in the 2019 tournament. Despite being favorites to qualify from their group, losses to Cape Verde and draws with Egypt and Mozambique resulted in the Black Stars securing only two points out of a possible nine.

The West Africans, led by goalkeeper Richard Ofori and the Ayew brothers, faced criticism from fans for their performance. The team's exit, characterized by losing leads in the last two games, extends Ghana's quest for a fifth AFCON trophy since their last victory in 1982. Frustrated fans expressed their anger by smashing windows of the team bus, highlighting their disappointment.

Notably, angry journalists barricaded the bus to display displeasure, and a fan was arrested for assaulting head coach Chris Hughton after Ghana's 2-1 loss to Cape Verde. In a video, a journalist was recorded insulting Hughton, emphasizing the fans' discontent.

Ghanaian fans took to social media to voice their frustration, criticizing players like Richard Ofori and branding captain Andre Ayew as the worst in the country's history. The Ayew brothers faced accusations of monopolizing the team, with some suggesting they should step aside and let others play.

The disappointment also fueled the rivalry between Ghana and Nigeria, with fans engaging in banter. Nigerians mocked Ghana after a 2-1 loss to Cape Verde, reviving the traditional rivalry that spans across food, music, movies, and sports. The banter continued on social media, reflecting the intense rivalry between the two West African nations.

In the aftermath of the AFCON exit, Ghanaians expressed their dissatisfaction with the team's performance, calling for changes and reflecting on the team's evolution since the time of Asamoah Gyan. Meanwhile, Nigerians seized the opportunity to celebrate their own success and revive the longstanding competition between the two nations across various aspects of life.

Tuesday, January 16, 2024

The Federal Government reveals four committees for presidential housing reform.

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The Federal Government reveals four committees for presidential housing reform.

The Federal Government reveals four committees for presidential housing reform.

 

On Tuesday, the Federal Government inaugurated four Reform Task Teams with the goal of expediting the realization of presidential objectives for the housing sector in Nigeria. The Minister of Housing and Urban Development, Mr. Ahmed Dangiwa, stressed the importance of unlocking the sector's massive potential for fostering inclusive economic growth.


The four committees introduced are the Housing Institutions Reform Task Team, the Multi-Agency Project Delivery Team, the Land Reform Task Team, and the Building Materials Manufacturing Hubs Task Team. Minister Dangiwa challenged these committees to diligently work and present their recommendations within an eight-week timeframe. He emphasized the need for comprehensive reforms addressing systemic issues hindering development and removing legal impediments in the housing sector.


Dangiwa highlighted President Bola Tinubu's commitment to revitalizing the housing sector, citing the demerger from the Ministry of Works and the establishment of the task teams as significant steps toward realizing the Renewed Hope Agenda for the sector.


The Housing Institutions Reform Task Team aims to create a robust framework for optimizing housing agencies under the ministry's supervision, delivering decent and affordable homes to Nigerians. The Multi-Agency Project Delivery Task Team will ensure collaborative efforts among housing agencies for efficient housing delivery. The Land Reform Task Team focuses on developing a blueprint for sustainable land administration reforms, promoting easy and cost-effective land access. The Building Materials Manufacturing Hub Task Team will assess the current state of the building materials manufacturing sector, identifying challenges and opportunities.


Dangiwa assured the committees of the government's support and resources to fulfill their responsibilities within the specified timeline. He urged the Federal Housing Authority to intensify operations with government support and encouraged the Federal Mortgage Bank to provide mortgages, enabling more Nigerians to own homes.


Dr. Marcus Ogunbiyi, the Permanent Secretary of the Ministry, emphasized the necessity of these task teams in addressing multifaceted challenges in effective housing delivery. The chairmen and members of the committees were selected for their proven integrity and competence. The appointed chairmen include Adedeji Adesemoye for the Housing Institutions Reform Task Team, Dr. Ugochukwu Chime for the Land Reform Task Team, Nuhu Wya for the Building Materials Manufacturing Hubs Task Team, and Brig. Gen. Tunde Reis for the Multi-Agency Project Task Team.

Exercise caution in applying the 'No gree for anybody' slogan, warns Bishop Isong.

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Exercise caution in applying the 'No gree for anybody' slogan, warns Bishop Isong.

Exercise caution in applying the 'No gree for anybody' slogan, warns Bishop Isong.

 

The International President of Christian Central Chapel International, Bishop Emmah Isong, has cautioned against misinterpreting and misimplementing the "no gree for anybody" slogan. Speaking at an event commemorating National Religious Freedom Day, themed "Empowering Youths for Religious Coexistence: Building Bridges and Breaking Barriers," Bishop Isong emphasized the importance of peaceful coexistence and adopting practical best practices.


Bishop Isong, also the Executive Director of Remedy for Victims of Religious Prosecution and Discrimination Initiative, stressed the need for careful interpretation of the slogan. He warned against viewing it as a license for violence and selfishness, emphasizing the importance of fostering peace and love in relationships, whether between spouses, friends, or colleagues.


Highlighting three platforms for coexistence—Adam (humanity), Nation (patriotism), and Abraham (religion)—Bishop Isong suggested that religion and ethnicity, while not inherently harmful, can be manipulated by politicians, clergy, or business figures for nefarious purposes. He urged against the misuse of these factors to advance evil or terrorist agendas.


Imam Shefiu Abdulkarim, Chief Imam of the Islamic Platform Society of Nigeria, echoed Bishop Isong's sentiments, emphasizing that one cannot be an ambassador of peace without learning about it. He advocated for a balanced approach to religious education, cautioning against extreme teachings that hinder individuals from becoming peace ambassadors.


Ann Mesembe, the American Space Director, underscored the program's purpose of educating youth and breaking down religious barriers. She asserted that every individual has the right to choose their religion, promoting tolerance and understanding among diverse religious beliefs.

Tinubu receives praise from Nigerians as the president reduces the entourage for foreign trips.

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Tinubu receives praise from Nigerians as the president reduces the entourage for foreign trips.

Tinubu receives praise from Nigerians as the president reduces the entourage for foreign trips.

 

Nigerians expressed their approval on Tuesday as President Bola Tinubu took a decisive step to reduce the size of his entourage for domestic and international travels by 60%. This move aims to curb excessive spending on travel.


The austerity measures extend to all federal ministries, departments, and agencies, including the Office of the President, Office of the Vice President, and the wives of both. President's Special Adviser on Media and Publicity, Ajuri Ngelale, revealed the details, emphasizing the president's commitment to cutting costs.


On international trips, President Tinubu directed that only 20 individuals accompany him, reduced to five for the First Lady. The Vice President's entourage on official international trips is also limited to five, with the same restriction for the Vice President's wife.


This decision follows criticism of the Tinubu administration for sponsoring over a thousand delegates to COP28 in Dubai, with reports suggesting significant spending. Many Nigerians commended the president for this move, urging governors to follow suit to reduce recurrent expenditure.


Despite some skepticism, there was widespread appreciation for the cost-cutting initiative, with citizens lauding President Tinubu's leadership by example. The spokesperson emphasized that the president is determined to bring prudence and sanity to the management of public resources.


Further details include limits on staff members accompanying officials on domestic and international trips. Ministers and agency heads now face restrictions on the number of individuals allowed to travel with them. The president's spokesperson emphasized the seriousness of the directive and warned against defying it. This initiative reflects Tinubu's commitment to aligning government prudence with the expectations of Nigerian citizens.

The UK has compiled a list of companies in 2024 that qualify to sponsor work visas for Nigerians.

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The UK has compiled a list of companies in 2024 that qualify to sponsor work visas for Nigerians.

The UK has compiled a list of companies in 2024 that qualify to sponsor work visas for Nigerians.

 


The United Kingdom government recently unveiled a comprehensive list of licensed companies and organizations authorized to sponsor skilled workers seeking relocation. This information, updated on January 12, 2024, showcases 99,856 approved companies, signaling a substantial increase from the 68,630 recorded in January 2023.


Diverse sectors, including technology, commerce, education, media, advertising, and engineering, are represented among the approved companies. The skilled worker route caters to various categories such as charity workers, skilled workers, creative workers, global business mobility, senior or specialist workers, and international sportspersons.


The UK government, through its official website, provides a detailed document listing worker and temporary worker sponsors. This document specifies the types of workers these sponsors are licensed to support and their respective sponsorship ratings. Prospective candidates are encouraged to explore the companies' websites for available job opportunities.


Some noteworthy companies on the approved list include RSS Express Ltd T/A Ledbury Fuel Service Station, IECC Care (Independent Excel Care Consortium Limited), AboutCare Hastings Ltd, £ ESS Ltd, Architect UK Ltd, Home Accommodation Services Ltd, Ur Eaz Ltd, Infiniti Limited, Brunswick Stores Limited, Plus Care Ltd, 003 Ltd, 0086 Ltd, 00Nation Limited, 01 Accounting Services Ltd, 012 Global Ltd, 023 Ltd, 0xA Technologies Ltd, 1 Ace Training Limited, 1 and 1 Rougamo Limited, 1 and 5 Tech Ltd, and 1 Answer Insurance Services Ltd, among others.


It is important to note that while the UK offers various visa programs for foreigners, the implementation of a visa ban on dependents commenced on January 1, 2024. Interested individuals are advised to stay updated on the latest developments and explore opportunities on the official websites of the approved sponsoring companies.

Wednesday, January 10, 2024

The Federal Government takes steps to curb the increasing price of sugar.

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The Federal Government takes steps to curb the increasing price of sugar.

The Federal Government takes steps to curb the increasing price of sugar.

 

The Federal Government, through the Ministry of Industry, Trade and Investment, is collaborating with major companies operating under the pioneer status of the National Sugar Master Plan to address the escalating price of sugar and enhance local sugar production capacity in Nigeria. Minister of Industry, Trade and Investment, Dr. Doris Uzoka Anite, made this announcement after touring sugar companies, emphasizing the importance of stabilizing sugar prices, especially in anticipation of the upcoming Ramadan period.

As the holy month of Ramadan approaches, marked by fasting and prayer among Muslims globally from March 10 to April 9, 2024, the demand for sugar and related products typically surges, leading to a significant price hike. Presently, market surveys indicate that a 50kg bag of sugar is selling between N60,000 to N62,000, depending on the location of purchase.

Minister Anite expressed the government's commitment to ensuring stable sugar prices, acknowledging the impact on nearly every household in Nigeria. During her visit to sugar producers like Dangote Sugar Refinery Plc, BUA Sugar Refinery Ltd, Flour Mills Limited, Bestaf Ltd, and Golden Sugar Company, she commended their commitment to innovation and quality. The sugar refineries pledged their support to the government's efforts to strengthen the agricultural sector for food security.

To further enhance the sector, Minister Anite revealed plans for collaboration with the Federal Ministry of Science, Technology, and Innovation to provide advanced machinery and equipment, reducing the need for importation and promoting international standards. She emphasized the importance of meeting sugar consumption demands in the country while urging continued excellence and efficiency in production.

Addressing performance concerns during her visit to the Golden Sugar Company, Minister Anite stressed that subpar performance within the National Sugar Master Plan (NSMP) would not be acceptable. The collaborative efforts between the government and the private sector, particularly in maintaining stable prices during Ramadan, demonstrate a synergistic relationship working toward common goals for national development. The minister's visit served as a strategic platform to communicate the government's unwavering commitment to elevating performance standards within the sugar industry.

Mohbad's father expresses dissatisfaction with the police investigation.

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Mohbad's father expresses dissatisfaction with the police investigation.

Mohbad's father expresses dissatisfaction with the police investigation.

 

Joseph Aloba, the father of the late Afrobeat singer, Mohbad, expresses dissatisfaction with the police investigation into the circumstances surrounding his son's death. In an interview with Trust TV, Joseph reveals his concerns about the ongoing investigation, stating, "I am not satisfied with the police investigation. A lot of things have been said outside which are not really right."


One particular area of dissatisfaction for Joseph is the lack of follow-up by the police after he carried Mohbad's body to the station. He expected them to search his son's house or provide the police autopsy report, which hasn't been provided. Joseph emphasizes the need for a thorough investigation, urging the police to question people who were living with Mohbad and explore their phones for relevant information about the incident.


Expressing his concerns, Joseph emphasizes the quest for justice and the importance of expediting the investigation. He appeals to the government to put more effort into ensuring a transparent and satisfactory resolution to the case.


Mohbad passed away on September 12, 2023, and was buried the next day. The aftermath saw Naira Marley, the pioneer of Marlian Records, and Sam Larry facing police questioning. Both were arrested, arraigned, and released on bail, while a nurse who administered injections to Mohbad became a prime suspect.


Responding to public outcry, the Inspector-General of Police (IGP), Kayode Egbetokun, ordered a forensic investigation into the singer's death. The Lagos State Police Command formed a 10-man team, including a pathologist, to exhume Mohbad's corpse and conduct a comprehensive investigation. The Lagos Coroner Court confirmed that the external body autopsy was completed, but the toxicology test, vital for determining the cause of death, is being conducted in the United States.


Despite expectations, the autopsy report has not been made available to the police. As calls for transparency persist, the police spokesman in Lagos, SP Benjamin Hundeyin, has not provided an update on the investigation. The grieving father, Joseph Aloba, continues to seek justice and a clearer resolution surrounding the circumstances of Mohbad's untimely death.

In the wake of the N585 million scandal, Permanent Secretary Enitan assumes duties following the suspension of Betta Edu.

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In the wake of the N585 million scandal, Permanent Secretary Enitan assumes duties following the suspension of Betta Edu.

In the wake of the N585 million scandal, Permanent Secretary Enitan assumes duties following the suspension of Betta Edu.

 


In the aftermath of the suspension of the Minister of Humanitarian Affairs and Poverty Alleviation, Abel Olumuyiwa Enitan, the ministry's Permanent Secretary, has assumed the responsibilities of the ministry. This transition aligns with the directive issued by President Bola Ahmed Tinubu, who suspended Betta Edu on Monday, citing alleged payments of public funds into private accounts.


The assumption of responsibilities by Enitan occurred following the reception of a letter to that effect from the office of the Secretary to the Government of the Federation (SGF) on Monday night. President Tinubu, through his Special Adviser, Media and Publicity, Ajuri Ngelale, instructed the suspended Minister to hand over to the Permanent Secretary of the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.


The President further directed Edu to fully cooperate with investigating authorities during their inquiry. Additionally, a panel headed by the Coordinating Minister of the Economy and Minister of Finance has been tasked by the President to conduct a comprehensive diagnostic on the financial architecture and framework of the social investment programs. The aim is to reform relevant institutions and programs, addressing institutional frailties for the exclusive benefit of disadvantaged households and regaining lost public confidence in the initiative.

NCC announces plans to restrict Glo subscribers from making calls to MTN lines.

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NCC announces plans to restrict Glo subscribers from making calls to MTN lines.

NCC announces plans to restrict Glo subscribers from making calls to MTN lines.

 

In a recent public notice, the Nigerian Communications Commission (NCC) has warned that Globacom subscribers may face restrictions on making calls to MTN lines due to unresolved interconnect charges. The notice, signed by Reuben Muoka, Director of the Public Affairs Department, disclosed that the NCC granted partial approval for disconnecting Globacom from MTN Nigeria Communications Plc.


Globacom was given an opportunity to respond to MTN's application and present its case, but after examining the circumstances, the NCC concluded that Globacom lacks sufficient justification for non-payment of interconnect charges. The notice specifies that, after a 10-day period from the notice date, Globacom subscribers will no longer be able to initiate calls to MTN, although they can still receive calls. The partial disconnection allows for inbound calls to the Globacom network to continue.

Wednesday, January 3, 2024

The ongoing killings in the Middle-Belt region pose a significant threat to Nigeria's existence, according to leaders such as Clark, Adebanjo, Iwuanyanwu, and others.

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The ongoing killings in the Middle-Belt region pose a significant threat to Nigeria's existence, according to leaders such as Clark, Adebanjo, Iwuanyanwu, and others.

The ongoing killings in the Middle-Belt region pose a significant threat to Nigeria's existence, according to leaders such as Clark, Adebanjo, Iwuanyanwu, and others.

 


Leaders of thought and elder statesmen representing Southern and Middle Belt regions have penned a letter to President Bola Tinubu, urging him to address the ongoing killings and destruction in the Middle Belt, which they see as a threat to the nation's existence. The group, known as the Southern and Middle Leaders Forum (SMBLF), emphasized the President's responsibility to resolve the issue and criticized the portrayal of the conflict as mere herders/farmers clashes. They called for a comprehensive security inquiry, the closure of IDP camps, and specialized training for security agents.


The leaders, including Chief Edwin Clark and Chief Ayo Adebanjo, highlighted the diversity within the North-West geopolitical zone and underscored the dangers of the Fulani territorial agenda. They urged President Tinubu to take decisive action, address the senseless killings, and ensure the safety of citizens, especially in the Middle Belt. The letter criticized the government's handling of the Fulanization agenda and called for the return of displaced communities to their ancestral homes.


In a separate development, governors from the North Central states visited Plateau State, expressing concern over the persistent attacks and killings. They called on the federal government to address the root causes of the issue and find lasting solutions. The governors emphasized the need for unity and cooperation among the North Central states to combat banditry effectively.


Additionally, the Nigerian Bar Association (NBA) called on President Tinubu to deploy radical security and economic policies in response to the increasing insecurity in the country. The NBA condemned recent attacks in Plateau State and a drone strike in Kaduna State, urging the government to prioritize the security of lives and properties. The association called for a comprehensive and region-specific approach to address security challenges, emphasizing the importance of inter-agency coordination and substantial investments in security.

Femi Adebayo Unveils Upcoming Film 'Seven Doors' Set for 2024 Release, Offers Sneak Peek into the Storyline.

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Femi Adebayo Unveils Upcoming Film 'Seven Doors' Set for 2024 Release, Offers Sneak Peek into the Storyline.

Femi Adebayo Unveils Upcoming Film 'Seven Doors' Set for 2024 Release, Offers Sneak Peek into the Storyline.

 


Nollywood enthusiasts fondly recall the Netflix original epic, 'Jagun Jagun,' as one of the standout movies of 2023, garnering widespread acclaim. Building on that success, the movie's producer and actor, Femi Adebayo, has unveiled an exciting new project titled 'Seven Doors' slated for release in the upcoming year, 2024.


Adebayo shared this revelation during an appearance on Channels Television’s The Morning Brief on New Year’s Day, presenting it as a significant venture for movie enthusiasts to anticipate. He tantalizingly teased the movie's plot, indicating that filming has been successfully completed, and the project is currently in the post-production phase.


"In my upcoming movie, a Yoruba marries an Igbo woman, and the Igbo tribe supports the husband, who is a core Yoruba king. They uphold their traditions and everything. That is one of the things you should look out for this year; the title of the film is ‘Seven Doors,’ and it’s going to be big. Filming is done, and I am at the post-production stage," Adebayo disclosed.


Additionally, Adebayo shared plans to film the second season of the highly successful 'Jagun Jagun,' providing a platform for emerging actors to showcase their talents. He expressed enthusiasm for the intentional collaboration between indigenous language actors and their English-speaking counterparts, highlighting its positive impact on the industry.


"It has really helped the industry, and for me, it’s one of the joys that I’m seeing in the industry presently. I am so happy about the harmonization and synergy. We are even coming together to co-produce to engage the Yorubas, even the Hausas, so most of us now when we write scripts we must infuse other tribes," Adebayo remarked.


While acknowledging the progress, Adebayo emphasized the need for a more conducive environment for movie producers, citing concerns such as the lack of security in movie locations among other challenges.

Tuesday, January 2, 2024

Electricity provision remains inadequate a decade after privatization

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Electricity provision remains inadequate a decade after privatization

Electricity provision remains inadequate a decade after privatization

 

The year 2023 marked the tenth anniversary of the partial privatization of the power sector, where the Federal Government relinquished its 60% stakes in 11 electricity distribution companies and either sold or concessioned seven power generation plants. Despite this move toward privatization, electricity supply has remained inconsistent, leaving consumers frustrated. Surprisingly, the government, attempting to divest from the sector, ended up spending over N7 trillion to support the Nigerian Electricity Supply Industry (NESI).


The power sector underwent significant changes in 2023 with the signing into law of the Electoral Act, shifting the power sector from the exclusive legislative list to the concurrent list. This allowed state governments not only to issue licenses but also to generate, transmit, and distribute electricity within their states. Adebayo Adelabu's appointment as the Minister of Power marked a unique development, as he became the first individual to administer the sector single-handedly since the advent of the present democracy in 1999.


Despite a 13,000MW installed capacity from the country's 27 power generating plants, power generation remained exceptionally low due to poor utilization. The Nigerian Electricity Regulatory Commission (NERC) reported a worrying plant availability factor (PAF) of 33.31% in 2023/Q3, highlighting the significant issue of mechanical outages, particularly stemming from the age of many plants.


The Transmission Company of Nigeria (TCN), managing the national grid, faced challenges with repeated collapses and attacks on transmission towers. The government aimed to unbundle TCN into two entities, Independent System Operator and Transmission Service Provider. Despite efforts to upgrade substations and procure new transformers, incidents like fire outbreaks and attacks on power towers persisted.


Electricity distribution companies (DisCos) continued to perform poorly, neglecting infrastructure investments and lacking in proper metering. As of September 2023, only 44.51% of registered electricity customers in NESI were metered. The Federal Government took steps to address this metering gap, opening bids for 1.25 million electricity smart meters funded by a $155 million World Bank loan.


The Rural Electrification Agency (REA) played a role in rural electrification through the Nigeria Electrification Projects (NEP), providing electricity to 6.8 million people under a $350 million World Bank loan and a $200 million African Development Bank loan. The World Bank expressed interest in supporting a successor project with another $750 million grant.


Despite these efforts, the power sector faced financial struggles. Closing the metering gap was identified as a crucial step, with calls for the government to ensure that all customers are provided with electricity meters. Addressing losses, expanding and modernizing networks, and encouraging necessary investments in the sector were highlighted as essential measures to support tariff adjustments and improve overall efficiency in the power sector.

Shop owners tally damages following the police-led demolition of the Computer Village POWA complex.

7:59 AM 0
Shop owners tally damages following the police-led demolition of the Computer Village POWA complex.

Shop owners tally damages following the police-led demolition of the Computer Village POWA complex.

 

Traders in the Police Officers’ Wives Association (POWA) Shopping Complex within Computer Village, Ikeja, Lagos, faced significant losses after the complex was demolished on Sunday. The demolition, supervised by armed security personnel, commenced around 12 am, catching shop owners by surprise. Tayo Shittu, Chairman of the Computer Dealer Association in Computer Village, expressed dismay at the lack of prior notice and emphasized the impact on over 300 shops and more than 1,000 occupants. Shop owners reported the loss of valuable goods, and the demolition raised concerns about job losses and the livelihoods of those affected.


The traders had previously sought intervention from Lagos State Governor Babajide Sanwo-Olu and Inspector General of Police Kayode Egbetokun amid rumors of impending demolition. Despite the traders’ efforts, the complex was demolished, and the Lagos State Government clarified via its official social media handle that it had no involvement in the action. The statement from the Commissioner for Information and Strategy, Gbenga Omotoso, attributed ownership of the structure to the Police Officers' Wives Association, emphasizing that they ordered the demolition.


The incident triggered criticism from traders and questions about due process, especially given the lack of prior engagement and the impact on businesses. The Lagos State Task Force spokesperson, Raheem Gbadeyanka, did not have detailed information on the incident. Force Public Relations Officer Muyiwa Adejobi, while emphasizing the planned demolition in a prior statement, did not provide updates on the situation. The demolition raises broader concerns about property rights, due process, and the welfare of those affected.