ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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IMF URGES FG TO COMPLETE CASH TRANSFERS TO VULNERABLE NIGERIANS.(PHOTO).

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 IMF Urges FG to Complete Cash Transfers to Vulnerable Nigerians


The International Monetary Fund (IMF) has urged the Nigerian government to fast-track the completion of its cash transfer programme to support vulnerable households amid ongoing economic reforms. IMF Communications Director, Julie Kozack, emphasized that while Nigeria's efforts to stabilize its economy are commendable, policies must also protect the country’s poorest citizens.


IMF’s First Deputy Managing Director, Gita Gopinath, recently visited Nigeria and met with key officials, including Finance Minister Wale Edun and CBN Governor Yemi Cardoso. She also engaged with civil society groups and private sector stakeholders.


IMF representatives will return next week for the 2025 Article IV Consultation, an assessment of Nigeria’s economic policies. The Fund has consistently urged Nigeria to expand its cash transfer programme, particularly in rural areas, to alleviate rising poverty and food insecurity. Similarly, the World Bank has stressed that cash transfers are crucial in helping Nigerians escape poverty amid inflation and weak economic growth.

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