Connect with us


FG Verifies 500 Ex-Nigerian Airways Staff




By Mathew Dadiya, Abuja

The Presidential Initiative on Continuous Audit (PICA) in the Federal Ministry of Finance, Budget and National Planning, has commenced a mop up verification exercise for former workers of the defunct Nigeria Airways, who were not audited during the previous exercise.

The Ministry has in September 2018, conducted a similar exercise in the six geo-political zones and were paid 50 percent of their severance entitlements in line with the directive of President Buhari.

The latest verification, is holding simultaneously in Lagos and Kano, and is meant to ensure that all eligible beneficiaries are audited and paid off their entitlements. 

The Permanent Secretary, Special Duties in the Ministry, Dr. Mohammed Dikwa, represented by the Deputy Director Procurement, Mr. Izerebu Iyugun John, stated that, the exercise was in furtherance of the government’s commitment to ensure that all former workers of the defunct airways got their benefits.

Dikwa assured the ex-workers at the two centres that the Federal Government was committed to paying their dues once they were audited, and advised them to cooperate with the verifiers and ensure that they provided all the documents required for the exercise.

Daily Asset recalls that the Nigeria Airways was liquidated in 2004, without its almost 6,000 workers being paid any entitlements. 

See also  FG Lauds Airtel’s LUTH Project

However, following continued agitations by the workers for their entitlements, President Muhammadu Buhari, in 2018, approved that all audited staff of the organization should be paid 50% of their severance entitlements. 

While thanking President Muhammadu Buhari for this bold and commendable step, the Secretary General of Nigeria Airways Pensioners Union, Comrade Segun Adeleke, said his members will ever remain grateful to the President for coming to the rescue of the ex-Nigerian Airways workers, who had lost hope of receiving anything   from the government.

Similarly, the National Vice Chairman of the Union (North), Comrade Mohammed Adamu, thanked the Honourable Minister of Finance, Budget and National Planning for bringing the plights of his members to Mr. President.

Comrade Adamu also noted that only about 500 of the ex-Airways workers would be audited in the mop up as most of all the eligible workers had been audited and paid 50% of their severance package after the earlier exercise in September, last year.


NANTA Records $500m Revenue Loss in 2022




The National Association of Nigeria Travel Agencies (NANTA) on Friday said it  recorded a loss of 500 million as revenue in 2022, due to drop in ticket sales.

Mrs Susan Akporiaye, NANTA’s National President, disclosed this during a media briefing held in Lagos on Friday.

Akporiaye said that there had been an appreciable decrease in ticket sales among its members as Nigerian travellers groan over exorbitant ticket fares.

She said foreign airlines operating in Nigeria had blocked all low ticket inventories on their websites and had continued to sell the highest inventories as passengers find it difficult to buy affordable tickets.

According to her, airfares has risen to over 400 per cent to all international destinations and this is as a result of the $550million trapped funds.

“The situation at hand has made Nigerian travellers to patronise agents in other African countries.

“Only less than 30 per cent tickets sold in Nigeria were done by local agents, with this, the Nigerian government is losing a lot of tax.

“To reduce the amount of money that would be trapped in Nigeria, the foreign airlines have also stopped local travel agents from issuing tickets emanating from other countries into Nigeria,” she said.

See also  SMEDAN, Edo Govt, Reteriate Commitment to Promote Market Access for MSMEs

Akporiaye noted that the association was  pained, anxious, and worried, considering the consequences of the job losses recorded.

She said the security risks to Nigerians travelling across borders to connect cheaper flghts was also worrisome.

“Also, the shame of a parallel dollar monetary policy in the travel sector

against established national naira monetary policy.

” We are also worried that none of our poitical parties have deemed it necessary to look at aviation economics, particularly, its homogeneous socio-economic and security opportunities.

“We advise the new government to followup keenly on Bilateral Air services Agreement (BASA) and other extant aviation laws which will open our economy to serious local and foreign investors, we are also remain available for consultation,” she said.

Earlier, Mr Yinka Olapade, NANTA’s National Auditor said that developments in the travel sector had gone so bad that over 720,000 job losses  had also been recorded due to the irregularities in the system.

He said that the travel sector contributed over 3.6 per cent to the Gross Domestic Product (GDP) of the nation in 2021 but this dropped drastically in 2022.

He however, urged the federal government to look into the problems in the industry to guide against monumental effect.

“This industry should be taken seriously, it is a goldmine that is capable of repositioning the nation in different capacities,” he said. (NAN) 

See also  FG Commences Activities to Commemorate 2022 World Teachers Day.
Continue Reading


FEC Approves N15.1bn for Aviation Projects




By Mathew Dadiya, Abuja

The Federal Executive Council (FEC), yesterday approved a whopping N15.1 billion for projects in the Ministry of Aviation, and roads construction in the Ministry of Works and Housing in some parts of the country.

This was disclosed to State House correspondents by the Minister of Aviation Senator Hadi Sirika and his counterpart in the Ministry of Information and Culture, Lai Mohammed after the weekly Federal Executive Council (FEC) meeting presided over by the Vice President, Yemi Osinbajo at the Presidential Villa yesterday in Abuja.

Sirika said the sum of N10,081,177,338.31 billion was approved in the memorandum for the three items we presented for projects in the aviation sector.

One of which is the rehabilitation and reconstruction of the Hadejia airstrip at the total sum of N7,482,071,196.56 billion awarded to Messrs CCECC for a period of 18 months, he said.

The minister also explained that “there is the construction or Control Tower and Technical Building in Enugu awarded to Mssrs Mascot Associates Limited at the cost of N1,973,606,141.75 billion, and the third contract is for procurement of utility vehicles, to Mssrs Kaura Motors at the sum of N625,500,000 million; bringing the total cost of the contracts to N10 billion”.

See also  FG Lauds $20bn Diasporans' Contribution to Nation's Economic Growth 

Also yesterday, the Federal Executive Council (FEC) has approved an additional N1.6 billion being augmentation sum for Manyam-Ushongo-Lessel-Kartyo-Oju-Agila road project in Benue State.

Minister of Information and Culture, Lai Mohammed, disclosed this to State House correspondents after the FEC meeting presided over by the Vice President, Yemi Osinbajo, yesterday at the Presidential Villa, Abuja.

Mohammed said that the initial cost of the project was N1.35 billion which was reviewed to N2.9 billion.

“The Minister of Works and Housing presented one of the memos which was an approval for the revised estimated total cost of contract of rehabilitation for the construction of Manyam-Ushongo-Lessel-Kartyo-Oju-Agila in Benue State.

“The contract for this road was actually awarded first in 2012; due to whatever reason, it is still not completed; and of course, if the contract was awarded in 2012, 10 years later, you expect the contractor to ask for augmentation. And that’s what happened today, it was approved.

“The original contract was N1.35 billion is now being augmented with an additional N1.6 billion; so the sum total is N2.9 billion,” he said.

He said that the second memo that was approved for the ministry had to do with the Mabuchi headquarters of the Ministry of Works and Housing.

See also  Enugu Air Port Ready by April - Sirika

According to him, the ministry headquarters does not depend or rely on the national grid for its power because it relies on solar grid.

“And the memo today was to seek approval for the estimated total cost of the contract for the design and installation of solar power plus micro grid system and energy litrofitting of the ministry.

“Sometimes in March 2019, a contract was awarded for the provision of a solar power that would power the entire ministry; it was awarded at the cost then for about N2.7 billion.

“Now, they are seeking for an augmentation of N309 million to bring the total cost to N3 billion.

“The reason for the augmentation is that in the process of executing the project certain works which were not anticipated before were to be taken into consideration.

“And in addition, this augmentation also includes a maintenance contract of the installation.”

Mohammed said it was pertinent to note that the Federal Government was diversifying its sources of energy.

“And this is clean energy and the minister threw an invitation to any ministry that wants to go solar that they will provide the advice for them,” he said. 

Continue Reading


Afreximbank, U.S. Eximbank Sign $500m MoU for Revival African Airlines, Others





The African Export-Import Bank (Afreximbank) and U.S. Eximbank have signed $500m Memorandum of Understanding (MoU) to boost trade and investment, especially to help revive and strengthen African airlines through re-fleeting.

Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank said this in an interview with the News Agency of Nigeria (NAN) on the sidelines of the ongoing U.

S.-Africa Leaders’ Summit.

Oramah said through the renewed partnership, the two banks would support trade and economic integration in Africa by helping to support other technical supports and facilitate strategic investments in healthcare.

He said that the MoU would also facilitate power and transportation infrastructure, including rail and road projects, as well as investments in renewable energy projects.

“We will use our platform and relationship to promote the creation of regional supply chains by through supporting transportation, rail and road infrastructure, healthcare, renewable energy.

“We also support diaspora engagements, especially the creative industry, which is something we have as a priority and the U.S. government also has as a priority.

“We expect that this engagement we have had will promote the work we are doing to support the African Continental Free Trade Agreement (AFCFTA).

See also  Bauchi Community Rejects Siting of Gas Plant

“It will make it possible for us to support industries to bring in heavy equipment and capital goods needed to create manufacturing capacity.

“It will also enable us to have access to the kind of infrastructure goods that are required to create capacities for production on the continent,’’ he said.

He described the U.S. market as the largest in the world, saying that by improving relations and creating the opportunities for trade, Africa could have access to help pull billions of people out of poverty, as it did Asia.

“U.S. is the country largest pool of capital.

“By creating the environment to attract this capital, we are going to be able to support the kind of investments that will enable us do value addition in our continent, especially solid minerals and agriculture products.

“It will help us to push ahead as a trade destination hub for venturing in the U.S, given the fracturing of global supply chain that we are beginning to witness. Africa has a large diaspora in the U.S.,’’ he said.

Oramah said it was a good thing that President Joe Biden administration had issued an executive order to strengthen African diaspora engagement.

He said that diaspora sources of foreign direct investment, marginal remittances, and skills were also market for us, noting that the banks would  fully leverage the benefits of a large pool of African diaspora here.

See also  FG Lauds $20bn Diasporans' Contribution to Nation's Economic Growth 

“Just as the Jews have done, just as the Indians have done; we are the only ones who have not used our diaspora in a way that it is a win-win for both parties,’’ the president said.

Speaking on the benefits of the MoU to Nigeria, Oramah said Nigeria has a large market because of its huge population, noting that the youth population in Nigeria alone is a huge source of labour that could promote production for the U.S. market.

“The U.S. and Nigerian markets are not far apart. Nigeria can be a good destination for the U.S. and that can boost economy and create jobs, create technology transfer and support capacity building.

“Nigeria is the largest source of diaspora in the U.S. So, with this engagement, we are able to leverage the pool of the diaspora we have in the U.S and we are also going to attract more capital for the U.S. into Nigeria.’’

According to him, Nigeria stands the opportunity of gaining so much from the  African Continental Free Trade Agreement.

“So, Nigeria can be industrial base that will attract manufacturing investments from the U.S. apart from also being a potential market for our goods

“We see AFCFTA it as a source of foreign direct investment, and diaspora remittances.

See also  FG Inaugurates N62.7bn Kano-Gwarzo-Dayi Highway project

“Moreover, AFCFTA is a source of skills and also to help us use raw materials efficiently, in terms of adding value, and building strong manufacturing capacity which is what we are fight for.”

NAN reports that Oramah  Ms Reta  Lewis, President and Chair of the Board of Directors, U.S. Exim Bank, signed the MoU on behalf of the two banks. (NAN)

Continue Reading

Read Our ePaper

Top Stories

NEWS6 hours ago

Men Can Also Suffer Breast Cancer – BRECAN

Share Post Views: 14 By Prosper Okoye, Abuja The Founder of the Breast Cancer Association of Nigeria (BRECAN), Chief Betty...

2019 FIFA U20: Flying Eagles Target Another Three Points Against USA 2019 FIFA U20: Flying Eagles Target Another Three Points Against USA
SPORTS9 hours ago

Friendly: Flying Eagles Overpower Zambia’s Junior Chipolopolo in 6-goal Thriller

Share Post Views: 18 Nigeria’s under-20 national football team, the Flying Eagles, on Friday in Abuja overpowered their Zambian counterparts,...

Foreign News9 hours ago

UN Deputy Chief, Amina Mohammed Concludes 3-day Trip to Rome

Share Post Views: 16 UN Deputy Secretary-General, Ms Amina Mohammed, on Friday concluded her 3-day trip to Rome where she...

Aviation9 hours ago

NANTA Records $500m Revenue Loss in 2022

Share Post Views: 18 The National Association of Nigeria Travel Agencies (NANTA) on Friday said it  recorded a loss of...

Business News9 hours ago

Progressives Govs Meet Buhari Seek Another Extension for Naira Swap

Share Post Views: 15 By Mathew Dadiya, Abuja President Muhammadu Buhari has met with the Progressives Governors Forum of the...

NEWS12 hours ago

Akeredolu Swears-in Chief Judge, 4 other Judges

Share Post Views: 18 Ondo State Governor, Rotimi Akeredolu, on Friday swore in Justice Olusegun Odusola as the 12th Chief...

DEFENCE12 hours ago

Police Uncover Plans By Hoodlums to Attack Banks, others in Oyo State

Share Post Views: 14 The Police Command in Oyo State, says it has uncovered plans by hoodlums to attack and...

Health12 hours ago

World Cancer Day: Closing the Care Gap in Nigeria

Share Post Views: 19 By Folasade Akpan Cancer, one of the deadliest diseases in the world, does not respect race,...

DEFENCE12 hours ago

Police Rescue Remining 4 Abducted Pupils in Nasarawa State

Share Post Views: 14 The Police Command in Nasarawa State has confirmed the rescue of the remaining four abducted pupils...

Economy12 hours ago

NPA Expects Ship Carrying Petrol at Lagos Ports

Share Post Views: 15 The Nigerian Ports Authority (NPA) on Friday said that out of the 22 ships expected to...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc