Connect with us

NEWS

Akpabio Elected into  Global Executive Committee of IPU

Published

on

Share

…..Global Executive Committee of IPU

The President of the Senate, Sen.Godswill Akpiabio has been elected into the Executive Committee of theInter-Parliamentary Union(IPU).

Mr Anietie Ekong, his Special Assistant on Media and Communication said this in a statement in Abuja.

Ekong said that Akpabio was elected by delegates across the world to emerge as an executive committee member of the global parliamentary union for a three year mandate.

Anietie said Akpabio, who led Nigeria’s delegation to the 147th Inter-Parliamentary Union General Assembly in Luanda, Angola, broke a 59 year old jinx, with his election into the executive committee of the global parliamentary body.

He said the last time a Nigerian was elected into the executive committee of the parliamentary union was in 1964.

“Headquartered in Geneva, Switzerland, the IPU is the global organization of national parliaments founded in 1889, and dedicated to promoting peace through parliamentary diplomacy and dialogue.

“It has grown over its 135 years into a truly global organization with 179 country members out of 193 countries in the world.

“The IPU facilitates parliamentary diplomacy and empowers parliaments and parliamentarians to promote peace, democracy and sustainable development around the world.

“The 147th IPU Assembly was held in Luanda, Angola, from 21st to 27th October 2023 and hosted by the National Assembly of Angola,” he said.

Anietie said the union in the week long assembly deliberated on important issues affecting nations across the world and considered actions to strengthen trust between people and governance structures.

He said the deliberations were designed to make public institutions more effective, accountable and representative to better equip parliaments to address multiple geo-political, economic and environmental crises facing the world.(NAN)

…..Global Executive Committee of IPU

NEWS

Tinubu to Meet GenCos Leadership over 4trn Debt-Minister

Published

on

Share

The Minister of Power, Mr Adebayo Adelabu on Sunday said that a meeting has been scheduled between President Bola Tinubu and the leadership of the Power Generation Companies(GenCos) over a N4-trillion debt.Mr Bolaji Tunji, Special Adviser, Strategic Communications and Media Relations to the minister of power said this in a statement in Abuja on Sunday.

According to Adelabu, the planned meeting with President Tinubu aims to chart a viable course for resolving the debtAdelabu assured that the Federal Government would immediately pay a significant portion of the debt, while the balance would be settled using financial instruments such as promissory notes within six months.
“We recognise the urgency of this matter.
The government is committed to resolving this debt to stabilise the sector and prevent further crisis,” Adelabu said.Acknowledging the government’s own role in the sector’s challenges, Adelabu pledged not only to clear the debt backlog but also to implement structural reforms that would remove operational bottlenecks.He emphasised the need for full liberalisation of the power sector and called for the adoption of cost-reflective tariffs.“Citizens must pay the appropriate price for the energy consumed.“The Federal Government will continue to provide targeted subsidies for economically disadvantaged Nigerians, but we must realise that our economy cannot sustain blanket subsidies indefinitely,” he said.The minister also unveiled plans to review existing regulations to lower levies and enhance market stability.He urged GenCos to partner with the government in raising public awareness on efficient electricity use and tariff realities.The GenCos were led by Col. Sani Bello(Rtd), Chairman of Mainstream Energy Solutions, and who is also the Chairman of Association of Power Generating Companies.Bello warned that persistent liquidity challenges had left GenCos unable to service loans or maintain critical infrastructure.“Without urgent intervention, the entire power ecosystem could collapse,” he said.Mr Kola Adesina, Chairman of Egbin Power and First Independent Power Limited, described the situation as a national emergency.He said that reliable power supply was fundamental to the survival of industries, homes, and health facilities.Mrs Joy Ogaji, Chief Executive Officer (CEO) of Association of Power Generation Companies, listed the systemic challenges undermining GenCos, including chronic payment defaults, erratic gas supply, and forex instability.She lamented the steep depreciation of the naira—from ₦157/$1 in 2013 to ₦1,600/$1 in 2024. saying it had devastated GenCos’ ability to meet maintenance obligations and repay loans.“GenCos have borne unsustainable risks from grid failures to unproductive taxes while remaining patriotic,” she said.(NAN)

Continue Reading

NEWS

Youth Assembly Denounces Attacks on Seyi Tinubu

Published

on

Share

The Yoruba Youth Assembly (YYA), umbrella body of all Yoruba youth groups, has condemned recent misinformation and character attacks against Mr Seyi Tinubu, President Bola Tinubu’s son. This is contained in a communiqué issued on Sunday following a meeting held in Ibadan with 38 affiliated sister unions in attendance.

The communiqué was signed by the group’s President, Mr Thomas Olarinde, and Spokesperson, Mr Jide Alofe.
Daily Asset recalls a factional National Association of Nigerian Students (NANS) President, Atiku Isah, accused Seyi Tinubu of disrupting his Abuja inauguration and locking the venue. The communiqué partly read: “We strongly condemn the baseless allegations by Atiku Isah, claiming thugs linked to Mr Seyi Tinubu assaulted him.
“These claims are unfounded, malicious, and politically driven. “His claim of being offered a N100 million bribe is a deliberate falsehood aimed at discrediting reputable individuals like Mr Sunday Asefon.” Olarinde said opposition forces are using Atiku Isah to destabilise the student movement and tarnish dedicated youth advocates’ reputations. The YYA president urged Isah to stop spreading misinformation and stirring confusion, adding that he never participated in the official NANS convention or elections. Olarinde added, “As such, he lacks legitimacy to speak or act as NANS President. “His continued impersonation is deceitful and a calculated move to mislead the student body and general public.” He urged Isah to desist from his actions and stop dragging the Minister of Youth’s office into political controversy. He also asked him to respect Seyi Tinubu, who supports youth development initiatives across Nigeria. Olarinde affirmed Mr Olusola Oladoja as the legitimate NANS President, calling all other claims fraudulent and misleading. He warned that the matter now affects the integrity of student representation across the country. “YYA vowed not to allow impostors to hijack student platforms for selfish political purposes. “We will resist any effort to distort facts or misuse student platforms for manipulation,” he said. (NAN

Continue Reading

NEWS

NDDC Warns Nigerians Against Scammers Offering Fake Scholarships

Published

on

Share

The Niger Delta Development Commission (NDDC) has warned the public regarding the activities of fraudsters offering non-existent postgraduate scholarships to unsuspecting victims.Mrs Seledi Thompson-Wakama, Director of Corporate Affairs at the NDDC, issued the warning in a statement released in Port Harcourt on Sunday.

She disclosed that the scammers had been soliciting money from members of the public under the pretext of securing scholarship placements.
“The attention of the NDDC has been drawn to fraudulent emails and messages sent to applicants of the commission’s Postgraduate Foreign Scholarship Programme,” she said.Thompson-Wakama revealed that the fraudulent emails, purportedly sent from nddcregistry@gmail.
com and claiming to be from the NDDC’s ‘Board Registry,’ invite recipients to a fictitious document verification and authentication exercise.According to her, the purported exercise is scheduled to take place from May 19 to May 21 at Bishop Oluwole Street, Victoria Island, Lagos.“Members of the public are hereby advised that the NDDC has no affiliation with this fraudulent selection process,” she stressed.She further clarified that all official communication concerning the commission’s scholarship programme are conducted exclusively through the official NDDC portal: www.scholarship.nddc.gov.ng.“Applicants are strongly advised to disregard any unsolicited messages requesting money, invitation, sensitive information, or offering scholarship placements outside of the official NDDC procedures,” she added.Thompson-Wakama urged anyone who receives such fraudulent emails to report them immediately to the appropriate law enforcement authorities for prompt investigation and action.She encouraged Nigerians interested in the NDDC’s programmes to utilise only the official NDDC communication channels.“We also advise former beneficiaries of the commission’s programmes and prospective applicants to verify all information through the NDDC’s official website official: www.nddc.gov.ng,” she concluded. (NAN)

Continue Reading

Read Our ePaper

Top Stories

NEWS6 hours ago

Tinubu to Meet GenCos Leadership over 4trn Debt-Minister

ShareThe Minister of Power, Mr Adebayo Adelabu on Sunday said that a meeting has been scheduled between President Bola Tinubu...

POLITICS7 hours ago

INEC Yet to Set Date for CVR Resumption- Official

ShareThe Independent National Electoral Commission (INEC) has announced that no date has been set for the resumption of Continuous Voter...

NEWS7 hours ago

Youth Assembly Denounces Attacks on Seyi Tinubu

ShareThe Yoruba Youth Assembly (YYA), umbrella body of all Yoruba youth groups, has condemned recent misinformation and character attacks against...

NEWS7 hours ago

NDDC Warns Nigerians Against Scammers Offering Fake Scholarships

ShareThe Niger Delta Development Commission (NDDC) has warned the public regarding the activities of fraudsters offering non-existent postgraduate scholarships to...

NEWS7 hours ago

C’River to Review Obudu Ranch Safety

ShareThe Cross River government has announced plans to review safety measures at Obudu Ranch Resort following a fatal crash near...

OPINION7 hours ago

Western Powers: On the Prowl to Neutralise Ibrahim Traore

ShareBy Ahmed Aminu-Ramatu Yusuf Africans and progressive activists in the continent and the diaspora, including the United States (US), Canada,...

EDITORIAL7 hours ago

Gagging, Intimidating Critics and Opposition Unhelpful

ShareRecently Nigerian musician and social critic, Eedris Abdulkareem stirred up the hornet’s nest when he dominated the headlines over the...

NEWS7 hours ago

Varsity Dons Urge Nigerians to Focus on Attitudinal Changes

ShareFrom Samuel James, Ilorin The Dean of Faculty of Social Sciences, National Open University of Nigeria, Abuja Professor Kamal Bello...

NEWS7 hours ago

Tinubu’s Appointments Reflect Federal Character, Says Kwara South Leaders

ShareFrom Samuel James, Ilorin The Traditional rulers and Leaders of thoughts in Kwara South Senatorial District have applauded President Bola...

NEWS7 hours ago

Kwara Assembly Seeks Drug Tests, Registration of Motorcycle, Tricycle Operators

ShareFrom Samuel James, Ilorin The Kwara State House of Assembly has directed the state government to collaborate with the National...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc