NEWS
We’re Working to End Crude Oil Theft in Nigeria- Uzodimma
Gov. Hope Uzodimma of Imo and the Chairman, crude oil theft and management committee, says his committee is working to end crude oil theft in the country, within the shortest possible time.
Uzodimma stated this when he briefed newsmen in Abuja on Thursday shortly after a stakeholders meeting that lasted for more than six hours in Abuja.
He said that the committee plans to submit its interim report to the National Economic Council (NEC) before the end of April.
Uzodimma assured that the committee, which is a sub-committee of the NEC, would at the at the next economic council meeting, give an interim report of what the outcome of their assignment was.
“The NEC meeting usually holds at the last week of the month.
“So, may be the last week of this month, if all goes well and there is national economic council meeting, we will submit an interim report to the council and that report will also carry the interim findings and recommendations.
“We have the mandate to eliminate completely, cases of crude oil theft, increase production of oil and gas and boost revenue earning for the government.
“We have done a lot. We have interfaced with critical stakeholders in the industry. Some revelations have been made, some findings have also been done,” he said.
Uzodimma added: “We have also been able to collect sufficient data; many have been processed and some are still being processed.
“I assure you at the next economic council, we should be able to give an interim report of what the outcome of our assignment is.
“After the interim report, and if our recommendations have been approved, we will continue with more activities in terms of implementing the recommendations presented in the interim report.
“So far, what we have seen is very encouraging and we are almost certain that at the end of the assignment, crude oil theft will become a thing of the past and there will be more discipline in the industry and operators in the industry will also play according to rules.”
On the high cost of gas, he said that the whole essence of the committee’s assignment was to optimise production of oil and gas.
“And with the increase in the price of gas, Nigeria being one of the major countries that can boast of gas reserve, sufficient gas reserve, we will benefit from it.
“Crude oil too when optimised in terms of production, will also earn us more revenue. We discussed all that and what we are trying to do now is to improve on the level of sincerity, honesty in the industry.
“And encourage stakeholders to play to the rules and have the interest of our country at heart to allow for a win, win situation where the oil companies that are producing will make profit, Nigeria that is also their partner will also make profit,” he said.
He also assured that the Renewed Hope Agenda of President Bola Tinubu would begin to yield result in the nearest future.
Reports says that participants at the stakeholders meeting included Mr Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, the Minister of Budget and Economic Planning, Malam Abubakar Bagudu, the Central Bank of Nigeria Governor, Mr Yemi Cardoso.(NAN)
The Police Command in Anambra says gunmen have burnt its station in Umunze, Orumba South Local Government Area, killing two officers.SP Tochukwu Ikenga, the Police Public Relations Officer in the state, announced this in a statement issued in Awka on Monday.He said that the gunmen attacked the police facility with improvised explosives, shooting sporadically, which caused a fire to burn part of the station.
He said further that during the attack, two police operatives on duty were killed when they attempted to resist the gunmen. Ikenga stated that the bodies of the deceased policemen had been recovered and taken to the morgue.He also noted that joint security forces, including the police, army and navy, among others, had recovered five unexploded improvised explosives.Ikenga noted that the Commissioner of Police in Anambra, CP Nnaghe Itam, had visited the scene for assessment.He said that Itam called on anyone with information that could assist in the investigation to come forward, assuring then that such information would be treated confidential.(NAN)
By Tony Obiechina, Abuja
The Office of the Accountant General of the Federation (OAGF) has reiterated the Federal Government’s determination to maintain and operate a secure and efficient personnel and payroll system.In a statement by the Director of Press and Public Relations, Mr Bawa Mokwa on Monday, the OAGF maintained that the Integrated Personal and Payroll Information System (IPPIS) database has not been compromised, assuring that employees personal data on the IPPIS database is safe and secured.
The OAGF, which manages the IPPIS and other financial management initiatives of the Federal Government, said it is already implementing its ICT Security Policy that aims to ensure that its digital assets are secured in line with global best practices. The Office explained that no data is saved on its website, adding that the IPPIS uses the website to only share information and not for any transaction. “The IPPIS is not using the OAGF website for any transaction. The website is actually the medium to share information. Neither payroll nor payment is made through the website, therefore, no data is contained in the website”, it said. The OAGF stated that the IPPIS validation portal that was recently developed for updates of employees information was deployed for a period and after the exercise was over, the data were pulled out and the site shut down permanently.According to the statement, “the IPPIS Validation Portal was deployed on a secure platform. A secured database and application were purchased from the popular HELIX-FONS.”The Office acknowledged that the IPPIS is of utmost importance to Nigerian workers, thus it became imperative to assuage the fears of any loss or breach of employees personal data in the IPPIS database. The OAGF noted that the IPPIS has put in place necessary mechanism to resolve any problem that may arise in its operations and advised workers that observe anomalies in their salaries to follow the official procedures inorder to get such issues resolved.
By Tony Obiechina, Abuja
Nigeria’s headline inflation dropped to 32.15 percent in August, according to National Bureau of Statistics (NBS) report
The report released on Monday said the inflation eased the second time in 2024 after a 19 month increase that peaked at 34.19 percent in June.
“Looking at the movement, the August 2024 headline inflation
rate showed a decrease of 1.
It however, said on a year-on-year basis, the headline inflation rate was 6.35 percent points higher compared to the rate recorded in August 2023 (25.80%).
“This shows that the headline inflation rate (year-on-year basis) increased in August 2024 when compared to the same month in the preceding year (i.
e, August 2023).Furthermore, on a month-on-month basis, the headline inflation rate in August 2024 was 2.22%, which was 0.06% lower than the rate recorded in August 2024 (2.28%).
” This means that in August 2024, the rate of increase in the average price level is lower than the rate of increase in the
average price level in July 2024.”
The report added that food inflation rate in August 2024 was 37.52 percent on a year-on-year basis, which was 8.18% points higher compared to the rate recorded in August 2023 (29.34%).
It said the rise in food inflation
on a year-on-year basis was caused by increases in prices of; “Bread, Maize Grains, Guinea Corn, etc (Bread and Cereals Class), Yam, Irish Potatoes, Water Yam, Cassava Tuber, etc (Potatoes, Yam & Other Tubers Class), Palm Oil, Vegetable, etc (Oil & Fats Class) and
Ovaltine, Milo, Lipton, etc (Coffee, Tea & Cocoa Class).”
But on a month-on-month basis, the food inflation rate in August 2024 was 2.37 percent, a 0.10% decrease compared to the rate recorded in July 2024 (2.47 percent).
“The fall can be attributed to the decline in the rate of increase in the average prices of Tobacco, Tea, Coco, Coffee, Groundnut Oil, Milk, Yam, Irish Potatoes, Water Yam, Cassava Tuber, Palm Oil, Vegetable etc.”
It added that the average annual rate of Food inflation for the twelve months ending August 2024 over the previous twelve-month average was 36.99 percent, which was 11.98 percent points increase from the average annual rate of change recorded in August 2023 (25.01 percent).
Gunmen Attack Police Station, Kill 2 in Anambra
Share The Police Command in Anambra says gunmen have burnt its station in Umunze, Orumba South Local Government Area, killing...
IPPIS Data Base not Compromised, OAGF Assures Employees
Share By Tony Obiechina, Abuja The Office of the Accountant General of the Federation (OAGF) has reiterated the Federal Government’s...
Again, Inflation Drops to 32.15% in August
ShareBy Tony Obiechina, Abuja Nigeria’s headline inflation dropped to 32.15 percent in August, according to National Bureau of Statistics (NBS)...
Imo: Police kill 3 Hoodlums in Attempted Police Station Attack
Share The Police Command in Imo on Sunday foiled an attack by hoodlums on Njaba Local Government Area Divisional Police...
INC Condemns killings During Youth Congress Elections
Share The Ijaw National Congress (INC) worldwide has condemned in strong terms the Sept.14 killings in Abuloma during the ljaw...
Tinubu Committed to Improving Welfare of Senior Citizens –Alake
Share Dr Dele Alake, the Minister of Solid Minerals Development, has restated President Bola Tinubu’s commitment to improve the welfare...
Lifting of Petrol from Dangote Refinery Marks Industrialisation – FG
Share The Federal Government has hailed the commencement of petroleum product lifting from the Dangote Petroleum Refinery and Petrochemicals, describing...
Parents Protest Boarding Fees Increase in Lagos School
Share Some parents of students of Oriwu Model College in Ikorodu on Sunday protested the sudden increase of boarding fees...
Federal High Court Resumes Tuesday After Annual Vacation
Share The Federal High Court (FHC) will, on Tuesday, resume its annual vacation. The annual vacation, which began on July...
EFCC Detains 5 Chinese Nationals over Alleged Illegal Mining
Share The Economic and Financial Crimes Commission (EFCC) has apprehended five suspected Chinese illegal miners in Ndito-Eka-Iba village, Ibieno Local...