PRESIDENT TINUBU APPOINTS MINISTER OF STATE FOR PETROLEUM RESOURCES (GAS) AS CO-CHAIRMAN OF NCDMB GOVERNING COUNCIL. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE  PRESIDENT TINUBU APPOINTS MINISTER OF STATE FOR PETROLEUM RESOURCES (GAS) AS CO-CHAIRMAN OF NCDMB GOVERNING COUNCIL In line with his avowed commitment to establish a more efficient, targeted, and consistent approval process for unique oil and gas projects in the country, President Bola Tinubu has approved the appointment of Mr. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), as the Co-Chairman of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). This is also to further ensure effective oversight of the gas aspect of the nation's assets. The President remains committed to unlocking Nigeria's immense gas potential to stimulate industrial development, job creation, and sustainable economic growth. Chief Ajuri Ngelale Special Adviser to the President (Media & Publicity) May 9, 2024
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THE TIMING FOR OIL SUBSIDY REMOVAL IS NOT RIPE- NEC.(PHOTO).

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The Timing for Oil Subsidy Removal is Not Ripe—NEC

The National Economic Council NEC says that the timing for the removal of oil subsidy is not ripe but preparation work has to be done in consultation with the states and other key stakeholders. 

The Minister of Finance, budget and national planning,Zainab Ahmed stated this while briefing state house correspondents on the outcome of the NEC meeting presided over by vice president, professor Yemi Osinbajo.

She said the council also agreed to form an expanded committee to look at the process for the removal including determining the exact time and also the measures that need to be taken to provide support to the poor and the vulnerable and the alternatives that will be put in place, including ensuring that there is sufficient supply of petroleum products in the country.

Also the Jigawa state Governor Abubakar Badaru said the council took reports of the presidential committee on flooding which was saddled with the responsibility of aggregating the causes of flooding,the losses incurred in the recent time a.amd possible palliatives for victims

According to him Meanwhile, sixteen states have so far submitted their reports on flooding while the remaining twenty are expected to do same before the overall reports of the presidential committee are presented to the National Executive Council.

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