FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...

READ WHY A 91 YEAR OLD WOMAN,LED A PROTEST TODAY TO LAGOS HOUSE OF ASSEMBLY.

                           Today thursday,a 91 year old woman identified as Mrs Rosaline Ololo,led a protest to the Lagos State House of Assembly against the taking over of her family's school by the state government.The Metropolitan College and the Isolo Secondary School,which she said was owned by her family,was allegedly taken over by the military government in 1976 leading to her husband's death.She said that when the schools were taken over by the military,she was not compensated.In a letter presented to the Speaker Mudashiru Obasa,the protesters demanded the return of the schools.According her counsel Malcom Omirhobo''We have the instruction of our client to appeal to you to investigate the basis for the refusal,neglect and/or failure of the Lagos State Government to return Metropolitan College and Isolo Secondary schools to their original owner.We have met with the executive and submitted series of letters but nothing has been done.We only need lawmakers to help us''.Mojeed Fatai,the lawmaker representing Ibeju Lekki constituency 1,who represented the Speaker,promised that the House would look into the matter.He said ''We thank you for the peaceful demonstration and if there is need to call you,we will do.I promise to deliver your message to Mr Speaker''.One more photo below.                                                                           

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