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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INDIA PASSENGER TRAIN DERAILS, OVERTURNING CARRIAGES. (PHOTO).

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 India passenger train derails, overturning carriages



A passenger train derailed Thursday in India’s northern state of Uttar Pradesh and medics were dispatched to the site, a local medical officer said, with footage of the accident showing several overturned carriages.

The Chandigarh-Dibrugarh Express derailed in Gonda district, near the Hindu holy city of Ayodhya, at around 2:30 pm (0900 GMT), Indian media reported.

Chief Medical Superintendent of Gonda District Hospital, Anil Kumar Tiwari, told AFP that a team of medics had been rushed to the accident site.

India’s railway network remains the main form of travel in the vast country, but it is poorly funded and deadly accidents often occur.

Last year nearly 300 people were killed when a passenger train collided with a stationary goods train, with the derailed compartments then striking another fast-moving passenger service. 

India’s worst-ever rail accident occurred in 1981, when a cyclone blew a train off its tracks and into a river in the state of Bihar, leaving 800 dead and more than 100 injured.

At least seven people were killed when an express passenger train and a goods train collided in June in India’s West Bengal state, derailing three passenger carriages, police said.

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