FG TO PRIORITIZE RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES. (PHOTO). #PRESS RELEASE

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 PRESS RELEASE  FG TO PRIORITIZE  RESOURCE ALLOCATION IN THE FACE OF LOW OIL PRICES The Federal Government of Nigeria will pursue diversification of its revenues and adopt greater prudent resource allocation measures to mitigate the impact of low oil prices should it continue, according to Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at a meeting with investors during the ongoing IMF/World Bank Spring Meetings in Washington DC yesterday, Mr Wale Edun emphasized that with the recent reforms embarked upon by the present administration, Nigeria is better positioned to deal with global economic uncertainties. The meeting was also attended by the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa; the Deputy Chairman of the House of Representatives Committee for Finance, Hon. Saidu Musa Abdullahi; the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso; the Permanent Secretary of the Federal Ministry of Finan...
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OYO ORDERS ROADSIDE VENDORS TO VACATE WITHIN SEVEN DAYS. (PHOTOS).

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OYO ORDERS ROADSIDE VENDORS TO VACATE WITHIN SEVEN DAYS


On Tuesday, the Oyo State Government issued a seven-day notice to individuals occupying public spaces with unauthorized kiosks, containers, shanties, and conducting business operations along the roadsides, warning them to remove their structures or face legal consequences. The directive was announced by the state's Commissioner for Environment and Natural Resources, Abdulmojeed Mogbojuola, during his visit to the Ojoo community within Akinyele Local Government Area.


Mogbojubola highlighted that these activities are not only a public health hazard but also cause significant obstructions, disrupting the smooth flow of traffic and pedestrian movement. This situation violates the Environmental Sanitation Regulation of 2013. He emphasized the urgency of ceasing all illegal roadside and drainage blockages by these setups within a week.


Furthermore, the Commissioner encouraged the affected vendors and business owners to relocate their operations to designated areas and neighborhood markets that are more appropriate for such activities. He underscored that this measure is crucial for preventing road mishaps and safeguarding lives and properties. 


More photos below. 


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