GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
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GOV. HOPE UZODIMMA SET TO COMMENCE GRATUITY PAYMENT . (PHOTO). #PRESS RELEASE.

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 GOVERNOR HOPE UZODIMMA SET TO COMMENCE GRATUITY PAYMENT 



Imo State Governor, Hope Uzodimma, is gearing up to kickstart the long-awaited gratuity payments for retirees within the state. Scheduled to commence this week, the initiative aims to honor the dedicated service of retired workers. 


Governor Uzodimma, eyeing a start date of Tuesday, April 30, 2024, has aligned the rollout with the upcoming Workers Day on May 1, 2024. This strategic move emphasizes the administration's commitment to prioritizing the welfare of both current and former civil servants. 


In a recent address, Governor Uzodimma emphasized the importance of a reformed Civil Service, one that fosters pride among workers and ensures timely benefits upon retirement. The governor reiterated his dedication to addressing these concerns, pledging to uphold transparency and efficiency throughout the process. 


Assuring retirees of his preparedness, Governor Uzodimma revealed that he did not borrow but has been saving for the purpose. 


According to the Governor, "I am not borrowing money to pay. I have been saving money in a dedicated account which I call gratuity, sometime N200m, at other times N100m, since 2020. I have resisted all pressure to tamper with the account and I can confidently say now that we have up to N10 billion in the account to start payment of gratuities," Governor Uzodimma affirmed. 


Expressing gratitude to the Organised Labour leadership in Imo State for their understanding and support, Governor Uzodimma underscored his commitment to meeting their expectations. With the stage set for gratuity payments, anticipation mounts as retirees eagerly await the fulfillment of this long-awaited promise. 


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