GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...

AMBODE FLAGS OFF COMMISSIONING OF 114 LG ROADS+COMMISSIONS LAY-BY,SLIP ROAD IN ALAPERE.

                              Lagos State Governor,Mr Akinwunmi Ambode yesterday saturday flagged off a week long commissioning of 114 roads newly constructed in all the 57 Local Government Areas and Local Council Development Areas {LCDAs} in the State,with a pledge to commence the construction of second round of another 114 roads across the state soon.The construction of the inner roads,which is an initiative of the Ambode administration and in fulfillment of his campaign promise,was geared towards massive intervention on access and link roads,boost security and increase the socio-economic well-being of resident of the state.The newly constructed 114 roads which were designed with walkways,medians,street lights and standard drainage systems,were selected two per each of the 57 LGs and LCDAs in the State.Speaking at the formal flag off of the commissioning ceremony in Ikorodu North LCDA,Governor Ambode said the remarkable feat was not only an eloquent confirmation of a promise kept,but a testimony of the popular saying that nothing can stop a people who have resolved to move forward.Thee Governor,who was represented by his deputy,Dr,Mrs Idiat Oluranti Adebule,recalled the contract of hope which he signed with the people during the electioneering and his inaugural speech,adding that the completion of the 114 roads was a glorious dawn of community development accelerated through inclusive governance and a historic leap of faith for his administration and the citizens.The Governor said ''At a time the national ecoonomy is facing financial challenges,our administration is able to inject over N19 billion into the economy of our State,stimulating employment and engaging the business sector.no fewer than 89 local companies executed the road project with thorough supervision by the communities and government.About 5,700 direct jobs were created for professionals,artisans and laborers in the construction industry.A larger number of people,approximately 10,000 suppliers and dependants felt the positive impact of this stimulus package in their lives''.Giving an insight as to how the roads were selected,the Governor said in line with the principle of civic engagement of his administration,Community Development Associations {CDAs} were encouraged to suggest the roads requiring construction according to their needs,adding that the CDAs were also motivated to participate in the monitoring of the projects with the view to taking ownership on completion.Besides,Governor Ambode said the 114 roads would be an annual rite to make Lagos a true megacity,adding that the process for the second round of the 114 road projects had already begun,and urged the residents to be part of it and guard the infrastructures being provided by government jealously.Speaking through his Deputy,the Governor said that the new look of Alapere-Ketu Lay-By,was characterized by the construction of a two-lane access road from Iyana Oworo inwards Alapere-Ketu that would relieve traffic flow towards Lagos-Ibadan Expressway and Ojodu-Berger axis.He said that provision was also made for pedestrian safety with the integration of a two-metre wide walkway and drainage on one side of the lay-by access inwards Alapere-Ketu,to ensure that vehicular movement is not impeded by pedestrians.All those streets in Abuloshun around that Satelite town area in Lagos which year are they planning to repair their roads and streets is terrible when it rains I have been there several times

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