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...

KEEPING MARKETS CLEAN IS NON-NEGOTIABLE- ACTADA MD TELLS UMUOKPU MARKET EXECUTIVE. (PHOTOS). #PRESS RELEASE.


 Keeping Markets Clean is Non-Negotiable – ACTDA MD Tells Umuokpu Market Executive


By Ukpa Ewa 


The Managing Director, Awka Capital Territory Development Authority (ACTDA) Mr. Ossy Onuko, has reaffirmed the importance of maintaining cleanliness and proper organization in markets as a fundamental requirement for their operation. He made this assertion during a courtesy visit by the newly elected executive of Umuokpu Building Materials Market, Awka South Local Government Area, to his office.


Speaking during the visit, Mr. Onuko emphasized the need for market leaders to uphold high sanitation standards and adhere strictly to government regulations. He warned against uncleanliness and unauthorized constructions in market spaces, highlighting that government would not tolerate such practices. He further charged the executive to take responsibility for ensuring a clean and orderly market environment.


Congratulating the new executive on their election, Mr. Onuko reassured the delegation of government dedication to market development under Governor Chukwuma Soludo's administration, revealing plans to commence a mechanic village project in February, aimed at enhancing market organization and improving urban spaces in Awka.


“Cleanliness and organization in markets are non-negotiable. We are committed to supporting market growth but compliance with government regulations must be prioritized, together we can achieve sustainable development,” Mr. Onuko said.


Earlier, the Chairman of Umuokpu Building Materials Market, Chief Ndubuisi Igwebuike highlighted the market challenges, including poor road, unresolved disputes among traders and inadequate facilities. He commended Governor Soludo's transformative efforts in Awka and appealed for more government support to address these pressing issues.


“Addressing these challenges will not only improve the market operations but will also enhance its revenue generating potential for the state,” Chief Igwebuike noted.


*Ukpa is of the Ministry of Information, Anambra State. 

One More photo below. 


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