LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL. (PHOTO). #PRESS RELEASE.

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 LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL The Lagos State Government has announced traffic diversions and restrictions ahead of the Lagos Fanti Carnival scheduled to hold on Monday, 6th April, 2026, around Tafawa Balewa Square (TBS), Lagos Island. In a bid to ensure a seamless and hitch-free carnival procession, vehicular movement will be restricted along major adjoining roads linking TBS. Affected Routes are; King George V Road (by Mobil Filling Station), Flag House inbound TBS, Force Road inbound TBS, Onikan Roundabout inbound TBS, and WaterBoy Roundabout by Old Defence House. Additionally, all link roads to Moloney Road, such as Military Road (by Old Defence Building), Ajasa Street, Boyle Street, and Hawley Street, will be closed to traffic during the event. To ease parking challenges, designated car parks have been arranged for public use, these include; the Yoruba Lawn Tennis Club Car Park, Zone 2 Car Park (opposite Island Club along King George V Road), Museum Kit...
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REPS COMMITTEE VOWS TO RECOVER $20B REVENUE FROM OIL SECTOR.(PHOTO).

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Reps Committee Vows To Recover $20B Revenue From Oil Sector 


House of Representatives committee on Petroleum Resources downstream has pledged to assist the Federal Government to recover over twenty Billion US dollars revenue from the sector. 


The committee also said it will review the implementation of Petroleum Industry Act (PIA) to remove bottlenecks and allay fears of stakeholders in the petroleum sector.


The chairman of the committee Mr Ikeagwuonu Ugochinyere, who made the remark during the Innaugural meeting of the committee, said they 

will legislate for energy security, professionalism in the petroleum sector, economic transformation, accountability, institutional reforms and revenue recovery and generation. 


According to him, the House has received in plenary the NEITI report that have far reaching recommendations both in the downstream, upstream and midstream sector, especially the issue of over $8.5 billion unremitted royalties and other oil revenues and the discrepancies that have to do with the quantity of PMS imported by the NNPCL. 


"The implementation of the PIA which has become a major concern to key stakeholders would be reviewed by this committee. What was done before the PIA. What they are doing after the PIA. 


"The assets that used to be national assets before the coming into effect of the PIA. Where are they? Who is with them? All these the committee would look into to ensure that the intention of the PIA is achieved.


Mr Ugochinyere said the committee is aware of the pains Nigerians are going through as the result of removal of oil subsidy, hence the committee will also undertake a comprehensive audit of the Subsidy regime which he said was done away with because it was corrupted.

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