HRM EZE EDWARD EULE (ONYENWEALI X), HAS DISMISSED CLAIMS BY SOME OF HIS SUBJECTS THAT HE ABANDONED HIS THRONE FOLLOWING HIS TEMPORARY ABSENCE FROM THE COMMUNITY.(PHOTO).

-
Image
 The Traditional Ruler of Azumini Ndoki Ancient Kingdom in Ukwa East LGA, Abia State, HRM Eze Edward Eule (Onyenweali X), has dismissed claims by some of his subjects that he abandoned his throne following his temporary absence from the community. This is as six suspects have been arrested by the police in connection with the stealing of the community’s electricity transformer, thus plunging the community into darkness. The monarch, who is currently in the U.S, explained that his trip was to attend to personal and professional matters, adding that he will soon return to Nigeria. "I travelled to the United States of America in May 2025 to attend to some professional and personal matters. I am robustly healthy and fine, and I may soon conclude the task of my sojourn here", he said. Prof. Eule accused individuals he described as "mischief-makers operating under the guise of an Interim Ruling Council" of peddling falsehoods and propaganda about his alleged abdication. ...
Post a Comment

TINUBU'S ADVISORY COUNCIL RECOMMENDS SALE OF ASSETS TO SETTLE NIGERIA’S DEBT OBLIGATIONS. (PHOTO).

-



Tinubu’s advisory council recommends sale of assets to settle Nigeria’s debt obligations 

... it also recommended that the government move to a well-functioning, market-oriented power sector.

President Bola Tinubu’s Policy Advisory Council has proposed the sale of Nigeria’s assets to settle existing federal government debt obligations.

The advisory council, put together by Mr Tinubu to support the delivery of sustainable and inclusive economic growth, consists of Tokunbo Abiru (chair), Yemi Cardoso, Sumaila Zubairu and Doris Anite, with KPMG listed as the consultant.

The council called on Tinubu’s administration to set a policy directive that all proceeds from the sale of assets must be used to settle the existing federal government’s debt obligations.

Other fiscal recommendations, according to the council, include listing the shares of strategic and profitable Nigerian National Petroleum Corporation Limited (NNPCL) subsidiaries, leveraging blockchain to create and provide access to a government land registry and regionalising and concessioning the power transmission grid.

The council also recommends privatising, concession or selling down the federal government’s stake in corporate assets to partners and other investors (possibly with a buyback option) to generate liquidity in short to medium term, with a focus on sub-optimal assets such as NNPCL refineries.

It also recommended that the government move to a well-functioning, market-oriented power sector; and conduct a forensic review of the outstanding balances and utilisation of Federation funds, e.g. stabilisation, natural resources development fund, ECA (Excess Crude Account) etc.

In addition, the advisory council said the administration should address oil theft and pipeline vandalism and substantially grow oil and gas Production.

It added that the government must deepen and expand the coverage of security contracts in the Niger Delta and deploy special security forces; increase the visibility of production volumes by deploying technology to track crude oil production; and implement technologies to ensure effective tracing of stolen Nigerian crude.

It further suggested the implementation of a domestic refining capacity of two million barrels per day and the provision of economic opportunities for host communities.

READ ALSO: Ogun govt, PDP ex-governorship aspirant clash over ‘diverted’ N64bn LG funds

It called on the government to ramp up production capacity to 4m barrels from offshore and onshore assets within four years and grow crude oil revenue and savings into Excess Crude Account (ECA) and Nigeria Sovereign Investment Authority (NSIA).

According to the council, the administration should fast-track the implementation of the Host Community Trust Fund in line with the Petroleum Industry Act (PIA), and implement measures to double Liquefied Natural Gas (LNG)) production from 22m MTPA to 40m MTPA in eight (8) years.

The council also recommended the elimination of the Premium motor spirit (PMS) Subsidy.

To unlock the potential of the solid minerals sector, the council called for the implementation of a framework to formalise and legitimise illegal mining activities and the development of a mining industry roadmap to reposition the sector and attract prominent international players.

 

Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

TINUBU ANNOUNCES ARRIVAL OF 4 U.S ATTACK HELICOPTERS. (PHOTO).

-
Image
 Tinubu announces arrival of 4 US attack helicopters President Bola Tinubu has stated that four attack helicopters will soon arrive in the country from the United States amid rising insecurity. Speaking at a meeting with a delegation of the Christian Association of Nigeria, led by its President, Archbishop Daniel Okoh, at his Lagos residence, on Friday, Dec. 26, Tinubu revealed that the Federal Government had ordered four attack helicopters from the U.S, adding that they will arrive in the country “soon”. He said: “Our orders for four attack helicopters from the United States of America will take some time to arrive. We have approached Turkey for assistance.” The President, however, stated that the delays were affecting the public’s perception of the administration’s commitment to addressing the security challenges. He also said community and state police will become a reality. “Community and State Police will be a reality once the National Assembly completes the required legislati...
Read more