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...
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NIGERIA POLICE INTERCEPT HEAVILY ARMED KIDNAPPERS ON THEIR WAY FOR OPERATION.{PHOTO}.

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                   In continuation of targeted onslaught against crime and criminality throughout the country,the Inspector General of Police Intelligence Response Team {IRT} recorded a major breakthrough in Rivers and Bayelsa states.
2. Acting on credible intelligence and public support,on the 29th of November,2016,the IRT intercepted a four-man gang of heavily armed kidnappers,notorious for terrorizing the waterways and kidnapping in Rivers and Bayelsa states,along Azikiwe Road,Port Harcourt,Rivers State on their way for an operation.A gun duel ensued,after which three of the kidnappers were fatally wounded while one James Peter 'm' aged 30 years from Southern Ijaw LGA of Bayelsa State was arrested.
3. The arrested member of the gang has since been cooperating with the police in their investigation by providing very valuable information on the membership of the gang and their modus of operation.
4. Weapons recovered from the kidnappers include one General Purpose Machine Gun {GPMG},one AK47 rifle,chains of GPMG ammunition and two fully loaded AK47 magazines.Efforts are in top gear to arrest fleeing members of the gang and recover their cache of arms.
5. Meanwhile,the Inspector General of Police,IGP Ibrahim K. Idris,NPM,mni has once again enjoined Nigerians never to hesitate to provide the police with valuable information and assures them of renewed commitment on the part of the force in the fight against crime and antisocial behaviour.

DCP DON N. Awunah,fsi
Force Public Relations Officer,
Force Headquarters,
Abuja.


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