REPS TO PRESENT N704. 91M HALF-YEAR SALARY DONATION TO TINUBU. (PHOTO).

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 Reps to Present N704.91m Half-Year Salary Donation to Tinubu The House of Representatives is set to present N704.91 million on December 31, 2024, to assist vulnerable Nigerians facing economic hardship due to the removal of the petrol subsidy. In July, the House resolved to donate 50% of their salaries for six months to support ordinary Nigerians during these challenging times, following a motion moved by Deputy Speaker Benjamin Kalu. Kalu had stated, “This government is doing its best, but one year is not enough to address the country’s challenges. I urge our colleagues to sacrifice 50% of their salaries for six months.” During Thursday's plenary, Speaker Tajudeen Abba confirmed that the House had raised N704,907,578.82 through the initiative. He announced that, on December 31, he and other House leaders would present the donation to President Tinubu for the exclusive benefit of vulnerable Nigerians in need. Abba expressed pride in the House's collective effort to address the...
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ADHOC COMMITTEE OF NATIONAL ECONOMIC COUNCIL REAFFIRMS PLEDGE TO COMBAT OIL THEFT.(PHOTO).

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Adhoc Committee of National Economic Council Reaffirms Pledge to Combat Oil Theft

National Economic Council's NEC adhoc committee on oil theft has reiterated commitments to end the menace by blocking the leakages and improve production capacity.

The Chairman, Governors forum of the oil producing states and member of the committee, Mr Hope Ozodunma of Imo state  gave the assurance while briefing newsmen on the out come of their first meeting on the issue  

Hope Ozodunma explained that oil theft in Nigeria had become a serious concern among stakholders and other Nigerians considering the fact that oil sector provides the largest share of economic contribution of the Nation's sources of revenue

He recalled that last month of december 2023 the National Economic Council  had a meeting and among the deliberations constituted an adhoc committee to look in to the issue of oil theft in the country

Hope explained that this oil theft has negetably reduced drastically the contum of oil production in the country thereby causing untold hardships among Nigerians due to adverse revenue strength of the Nation's economy, then what is the out come of their meeting  today

" He said that today we met as first meeting after the Constitution to develope a work plan that the committee will be able to confront the this case of oil theft head long it is my hope that going by our deliberation today we.w8ll be able to make it as our contribution for  National development"

Many stakholders in the industry believed that if the country continues in this crisis the aspirations of achieving economic development would not be possible what is the main concern of the committee in this direction again Hope Ozodunma explained.

"He said our concern which is the concerns of all Nigerians is to restore Nigerian oil production atleast 2. Something million barrel par day and we are committed not to disappoint the National Economic Council".

However, the chairman Governors Forum of the oil producing states further assured Nigerians that they will do their best and come up with  concrete measures aimed at solving the menace for Nigeria's  economic stability for sustainable development.



 

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