BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY . (PHOTO). #PRESS RELEASE.

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 FEDERAL MINISTRY OF INFORMATION AND NATIONAL ORIENTATION  PRESS STATEMENT  BINANCE FALSE CLAIM ON BRIBERY DIVERSIONARY  The Federal Government of Nigeria is aware of attempts by Binance to launder its impaired image as an organisation that does not play by the rules and laws guiding business conduct in sovereign nations. In a blog post that has now been published by many international media organisations, in an apparent well-coordinated public relations effort, Binance Chief Executive Officer Richard Teng made false allegations of bribery against unidentified Nigerian government officials who he claimed demanded $150m in cryptocurrency payments to resolve the ongoing criminal investigation against the company.  This claim by Binance CEO lacks any iota of substance. It is nothing but a diversionary tactic and an attempted act of blackmail by a company desperate to obfuscate the grievous criminal charges it is facing in Nigeria. The facts of this matter remain that Binance is being inve
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SUBSIDY REMOVAL WILL REDUCE CARBON DIOXIDE EMISSIONS- SHETTIMA.(PHOTO)

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Subsidy Removal Will Reduce Carbon Dioxide Emissions - Shettima 

Vice President Kashim Shettima said on Tuesday that with the removal of fuel subsidy, Nigeria is projected to save over 15 million tonnes of carbon dioxide emissions in one year.

Shettima said this at the one-day workshop organised by the National Council on Climate Change with the theme “Unpacking the outcomes of the 58 sessions of the subsidiary bodies of the United Nations framework convention on climate change,” organised by the National Council on Climate Change.

Shettima, who was represented by his Deputy Chief of Staff, Senator Ibrahim Hassan, noted that Nigeria was on course to achieve the nationally-determined contribution targets.

“At the onset of this administration, President Bola Tinubu took the bold step to put an end to the petrol subsidy. Preliminary analysis conducted by the National Council on Climate Change on the co-benefits of fuel subsidy removal indicates that there has been about a 30 per cent reduction in daily fuel consumption, amounting to about 20 million litres, equivalent to an estimated daily saving of 42,800 tonnes of carbon dioxide emissions.

“When projected over one year, it amounts to over 15 million tonnes of CO2 saved, representing about 40 per cent greenhouse gas reduction from the baseline projection of 45 million metric tonnes of total GHG carbon dioxide equivalent by 2030. This places Nigeria on course to achieve our NDC targets ahead of time,” he said.

In his welcome address, the Director General of the NCCC, Dr Salisu Dahiru, said there was a need for Nigeria to prepare adequately for COP28 and other statutory meetings.

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