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NEWS

IPMAN: Dangote Fuel Prices Higher Than Others, We Need to Help Nigerians

The price of fuel from Dangote Refinery was greater than the price of the product from other suppliers as of last week, according to a statement released on Friday by the Independent Petroleum Marketers Association of Nigeria, or IPMAN. In addition to saying that members must feel sorry for Nigerians, IPMAN advised them to move where the prices are lower and they can make money. This was said by IPMAN’s National Assistant Secretary Yakubu Suleiman on Friday during an interview with Arise Television’s Morning Show. Suleiman maintained that Dangote should be revealing the amount he plans to sell his commodity, arguing that worldwide pricing sets the price of petroleum products. “International pricing determines prices,” he stated. Dangote should be stating, “This is the price,” on a daily basis. This product will be sold by me. However, unless he (Dangote) engages the stakeholders, he will not be able to accomplish it. Furthermore, you cannot just state, “Okay, we can only purchase from his own depot.” “IPMAN cannot simply decide to tell its members to go to the Dangote Refinery, buy their products, and then load up.” We can’t just do that. The system in question is deregulated.We must source from places where goods are significantly less expensive. After that, we would advise our members to go load the merchandise in any depot where it is less expensive. Let’s imagine that Dangote sells a product for N1000, while other retailers sell it for N900. We cannot simply state for the sake of saying “All right, go ahead and do it.” We are doing business with Dangote. We don’t make money from it. We have to move where the cost is lower and we can make money. That’s it. “We are in a deregulated economy, but Dangote is like trying to monopolize the whole issue,” the IPMAN scribe continued. Alright. Tell us if the entire system is monopolized. However, we think deregulation is now the norm. Dangote is more expensive than other areas, just like it was last week. Because crude has already begun to decline in price, if you can judge that from the global pricing. READ ALSO: Helicopter Crash Wreckage Discovered, Reports NSIB He gave N995 per liter as of last week, if I recall correctly, and you need to carry your load and cargo. How much are you going to pay? the goods? What additional fees will your depot incur? How much of it will be sent to the depot? We also anticipate that independent marketers will go out and sell it. Can we go sell? Look, we must feel sorry for Nigerians. We love to have you back, Kindly Subscribe to our NewsLetter,

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NEWS

Helicopter Crash Wreckage Discovered, Reports NSIB

The incident occurred a few days after the Nigerian National Petroleum Company Limited (NNPCL)-owned and operated East Wind Aviation’s helicopter crashed among the Rivers State capital’s waterways. The wreckage of the helicopter that crashed in Port Harcourt, Rivers State, has been found, according to the Nigerian Safety Investigation Bureau (NSIB). Bimbo Oladeji, the Director of Public Affairs and Family Assistance for the NSIB, says as much. “The allied team and partners leading the charge for the search and recovery efforts of the ditched Sikorsky SK76 helicopter, registration 5N BQG, have located its wreckage,” she said in a statement late Thursday, according to the Nigerian Safety Investigation Bureau (NSIB). Eight people were on board the Eastwind Aviation-operated chopper when it crashed in the October 24, 2024, Atlantic Ocean near Bonny Finima. The wreckage was discovered during last night’s recovery dives, just 0.775 nautical miles from the FPSO Adoon, according to the NSIB. With coordinates of latitude 04° 13.634′ N and longitude 008° 19.442′ E, it was 42 meters below the surface. Currently, efforts are being made to collect the wreckage of the helicopter. Today, the helicopter’s tail boom has already been successfully recovered and raised out of the sea. Following the action, NSIB Director General Alex Badeh Jr. praised the recovery efforts of the partners and allied team. “Finding the wreckage is a crucial step in our investigation into the circumstances of this terrible accident,” he stated. “The commitment and collaboration demonstrated by all parties concerned have been outstanding, and we are committed to carrying out a comprehensive inquiry to give the families of those impacted clarity and closure. The agency reports that more efforts are underway to collect the wreckage. The incident occurred a few days after the Nigerian National Petroleum Company Limited (NNPCL)-owned and operated East Wind Aviation’s helicopter crashed among the Rivers State capital’s waterways. Starting from Port Harcourt Military Base (DNPM), the plane headed for the FPSO-NUIMS Antan oil site. READ ALSO: Bobrisky plead for help as security operatives pull him out of London flight There were eight confirmed passengers. But thus far, just four bodies have been found. We love to have you back, Kindly Subscribe to our NewsLetter.

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NEWS

Bobrisky plead for help as security operatives pull him out of London flight

Idris Okuneye, also known as Bobrisky, is a controversial crossdresser who has reportedly been arrested by EFCC agents. Shortly after revealing his departure from Nigeria, the social media star announced his arrest on his Instagram feed on Thursday night. According to reports, he was arrested by anti-graft agency investigators while traveling to London via Lagos’s Murtala Mohammed International Airport. Bobrisky said he was seriously hurt in the assault and appealed for Nigerians’ assistance in the late-night message. “The EFCC just arrested me; Nigerians are helping me.” I’m seriously hurt,” he wrote. The brother of the former governor of Ekiti State, social commentator Isaac Fayose, posted a picture of himself and Bobrisky boarding the same airplane earlier on Thursday. London. Bobrisky was later taken from the airplane, which was allegedly headed to London, by airport officials, according to a video that has gone viral online. This occurs days after Nigerian Immigration allegedly caught the crossdresser trying to leave the country on October 22 at the Sème frontier. After being found guilty of naira abuse in April, Bobrisky’s suffering came after an audio tape made public by critic VeryDarkMan claimed that the transvestite had paid high-ranking jail officials to obtain a private prison outside of Kirikiri prison. Additionally, according to the leaked recording, Bobrisky used the assistance of well-known singer Falz and his father, legal luminary Femi Falana, to pay some EFCC officers to dismiss money laundering allegations against him. READ ALSO: 23 Persons Killed In Fresh Herdsmen Attacks On Benue Community However, Bobrisky refuted these allegations, saying he was not accountable for the audio leak and asked the Falanas to blame VeryDarkMan instead. We Love to have you back, Kindly Subscribe to our NewsLetter

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NEWS

Senate Urges for Immediate Action on Increasing Drug Use Among Youth,

On Thursday, the Nigerian Senate urged swift measures to tackle the growing drug abuse problem, especially among the country’s youth. During a one-day national event aimed at encouraging parental involvement in combating drug use and irresponsible behavior, senators warned that failure to act could have significant social and economic impacts on Nigeria’s young generation. Deputy Senate Leader Senator Lola Ashiru, representing Senate President Godswill Akpabio, stressed the urgent need for action. The event, organized by the Joint Committee on Drugs and Narcotics in partnership with the National Association of Nigerian Drug Monitoring (NANDRUM), called for a united effort to curb drug abuse. Senator Ashiru highlighted the link between drug abuse and rising crime, as well as its effects on access to quality education, emphasizing that the solution starts at home, with parents playing a crucial role. “Combating drug abuse is a fight for our future. As parents, we lead this effort, providing guidance and creating environments where positive choices are encouraged. Open discussions about the dangers of drugs are essential,” he stated. Event convener Ambassador Cristabel Okoye also underscored the role of parents in guiding children from an early age. She voiced concerns over the glamorization of drugs in movies and music videos, which she believes promotes harmful behavior, costing valuable lives. READ ALSO: N300m paid to Landowners for Airpot Project in Ekiti With the youth facing a drug addiction crisis, the Senate declared the issue an emergency and called for immediate intervention to mitigate its impact.

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NEWS

N300m paid to Landowners for Airpot Project in Ekiti.

The Ekiti State Government has completed a significant milestone in its efforts to develop the Ekiti State Agro-Allied Cargo Airport, as it has disbursed N300 million to compensate 377 landowners whose properties were affected by the land acquisition process. During the cheque disbursement ceremony in Ado Ekiti, Governor Biodun Oyebanji, represented by Deputy Governor Chief (Mrs) Monisade Afuye, acknowledged the landowners from Ijan, Igbemo, Afao, Iworoko, and other neighboring communities. These landowners were compensated not only for the land but also for the economic trees and resources that were impacted by the construction of the airport, which aims to boost economic activities and agriculture-related trade in the region. Governor Oyebanji expressed his sincere gratitude to the landowners, appreciating their patience and understanding throughout the process. He highlighted the importance of their cooperation in making the project a reality. “To you, the landowners, I say thank you for your patience and understanding,” he stated. “Today’s event signifies the disbursement of the third and final installment of compensation to the 377 claimants, marking the completion of our commitment to acknowledge and reward your contributions.” READ ALSO: Breaking: The NEC has advised the withdrawal of President Tinubu’s tax reform bills. This compensation initiative represents a commitment by the Ekiti State Government to ensure fair treatment of affected citizens, while paving the way for economic development projects that benefit the broader community. The government anticipates that the airport, once completed, will enhance the state’s economy by fostering agro-allied businesses and encouraging both local and international trade.

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Forex: The Federal Government has allowed a nine-month grace period for those holding dollars outside banks.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced a new policy allowing Nigerians who hold dollars outside the banking system to deposit those funds into financial institutions. Edun stated that individuals will have a nine-month grace period to comply with this directive without facing legal penalties. He shared this update during a press briefing following the National Economic Council meeting, chaired by Vice President Kashim Shettima, at the Presidential Villa in Abuja. He also provided updates on the Excess Crude Account, which currently stands at $473,754.57, the Natural Resources Fund at ₦26,105,837,627.67, and the Stabilization Account at ₦36,299,452,763.62. Edun highlighted that 25 million Nigerians have benefited from various federal social protection initiatives, including digital outreach, microenterprise loans, and support for sectors such as power, agriculture, and health. He explained that the new program, effective from October 31 and lasting nine months, will allow individuals to safely bring in cash held outside the banking system. He emphasized that as long as the funds are not derived from illegal activities, there will be no penalties, taxes, or additional inquiries—just compliance with the standard “Know Your Customer” requirements. READ ALSO: Breaking: The NEC has advised the withdrawal of President Tinubu’s tax reform bills. The details and guidelines for this initiative will be announced by the Ministry of Finance and the Central Bank shortly. This policy aims not only to encourage compliance with financial regulations but also to enhance the country’s reserves and potentially stabilize the exchange rate by bringing idle dollars into the financial system. We Love To Have You Back. Pease kindly Provide Us With Your Email.

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NEWS

Breaking: The NEC has advised the withdrawal of President Tinubu’s tax reform bills.

The National Executive Council (NEC) has recommended withdrawing the four tax reform bills submitted to Parliament by President Bola Tinubu. This decision was made during a meeting at the Presidential Villa on Thursday, chaired by Vice President Kashim Shettima, and included governors from all 36 states. Oyo State Governor Seyi Makinde, who spoke to reporters after the meeting, explained that the NEC called for the withdrawal to allow for broader consultations and to build consensus around the proposed reforms. The bills have sparked controversy, particularly with the Northern Governors Forum opposing them. These four bills were part of President Tinubu’s initiative to revamp Nigeria’s tax system. They aim to establish a central revenue service responsible for collecting all government revenues, including those currently managed by agencies like customs and the ports authority. Additionally, the bills propose allocating a larger share of VAT revenues to states, which has raised concerns among northern leaders who believe it could disadvantage their region. During the meeting, the NEC emphasized the importance of alignment among stakeholders regarding these reforms, acknowledging existing miscommunication. A spokesperson for President Tinubu previously stated that the proposed laws would not increase current tax rates but would instead streamline and enhance the existing tax framework. The reforms are designed to ensure a fairer distribution of tax responsibilities without adding to the burden on citizens, and they are not expected to lead to job losses. In fact, they aim to create new job opportunities by fostering a dynamic, growth-oriented economy. Currently, tax administration suffers from a lack of coordination among federal, state, and local authorities, which leads to confusion and inefficiency. The proposed laws aim to improve this situation by harmonizing revenue collection and management across all levels of government, without eliminating the functions of any existing agencies. READ ALSO: Wike: Unpainted taxis will not be permitted to pick up customers in Abuja. Regarding the controversial derivation-based VAT distribution model, the spokesperson stated that the new approach intends to create a fairer system. It considers the place of supply or consumption, ensuring that states in the Northern region that produce essential goods do not lose out due to VAT exemptions or consumption in other areas. The ongoing tax reform seeks to address the inequities in the current model for distributing VAT revenues. We Love To Have You Back. Pease kindly Provide Us With Your Email.

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NEWS

Wike: Unpainted taxis will not be permitted to pick up customers in Abuja.

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has revealed plans to gradually phase out tricycle operations in certain areas of Abuja’s city center. He made this announcement during the launch of the FCT Renewed Hope Youth Empowerment Programme on Thursday. Wike emphasized the Federal Government’s dedication to enhancing the lives of young people in the FCT through this initiative. He clarified, “I’m not saying there will be no more Keke. Certain areas will still have them. We will first trial this in Maitama, Guzape, and Asokoro to assess its effectiveness.” He also raised concerns about some tricycle and taxi operators acting as informants for criminals and announced plans for security profiling of commercial bus and taxi drivers. He stated that from January, all drivers must have security approval and adhere to the designated Abuja taxi color scheme. Wike further mentioned that starting in January, no taxi or bus driver would be permitted to operate without meeting these security requirements. He assured that additional vehicles would be introduced to prevent shortages. READ ALSO: Police let go A Lagos businessman was arrested on $325,000 fraud charges. Additionally, Wike tasked Abdullahi Ango, the Mandate Secretary for the Youth Development Secretariat, with creating programs that will genuinely benefit the youth, focusing on skill acquisition. He emphasized that he would not allocate funds for conferences that do not contribute to youth development. Finally, Wike announced plans to revive the neglected skills acquisition center in Nyanya, Abuja, where young people can receive training in ICT and other valuable skills. We Love To Have You Back. Pease kindly Provide Us With Your Email.

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NEWS

After three years in a UK mortuary. former Senate President Joseph Wayas will be laid to rest

On November 30, 2024, former Nigerian Senate President Dr. Joseph Wayas will be buried after spending three years in a UK mortuary. At a news conference in Calabar, Dr. Dorn-Cklaimz Enamhe, the secretary of the Central Planning Committee for Wayas’ funeral, affirmed the plans. Wayas, the former Senate President from 1979 to 1983, died on November 30, 2021, at the age of 80 in a hospital in London, but his funeral was postponed because of family conflicts. With the help of Bassey Otu, the governor of Cross River State, and other supporters, his remains was eventually returned to Nigeria in July 2024. Governor Otu stated that he is committed to making sure that any notable Cross River locals who die overseas are returned home to be buried. The funeral will start. included a ceremony at Calabar’s UJ Esuene Stadium before to Dr. Wayas’s funeral in Bassang, Obanliku Local Government Area, his hometown. Dignitaries, including as Godswill Akpabio, the current Senate President, and other public and political leaders are anticipated to attend the service. READ ALSO: Governors On Fuel Crisis: “It’s Shameful That We Still Import Fuel.” We Love To Have You Back. Pease kindly Provide Us With Your Email.

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NEWS

Governors On Fuel Crisis: “It’s Shameful That We Still Import Fuel.”

Nigeria still imports gasoline, despite being a member of the Organization of Petroleum Exporting Countries, or OPEC, according to the governors of the 36 states that make up the federation. This came as the governors voiced their shock at the ongoing crisis in the nation’s energy sector. This was said by Hope Uzodinma, the governor of Imo State and chairman of the Progressive Governors Forum, or PGF, in an interview with reporters following the governors’ conference that began in Abuja on Wednesday. The governors invited Mele Kyari, the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, or NNPCL, to inform them of the steps being taken to address the affordability and accessibility of petroleum products in order to lessen the suffering of Nigerians, as the DAILY POST remembers. According to Uzodinma, “We need to support Dangote Refinery, the domestic answer the President just presented. In order to produce what we eat and consume what we produce, we need fix our refineries in Port Harcourt, Warri, and Kaduna. “Importing crude oil shouldn’t be our only option. Relying on petroleum product imports as an oil-producing nation when other OPEC members of our standing are already refining crude oil in that nation strikes me as abnormal in the first place. READ ALSO: FG Aims for 30,000MW by 2030, With Renewable Energy at the Front In addition to proposing that petroleum products be bought in naira, the governors said that local refinement would increase the nation’s economy and provide inhabitants with a wealth of new options. Additionally, they acknowledged that Nigerians were struggling with difficulty, deciding to collaborate with President Bola Ahmed Tinubu to address issues such as banditry and abduction that the nation faces. We Love To Have You Back. Pease kindly Provide Us With Your Email.

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NEWS

FG Aims for 30,000MW by 2030, With Renewable Energy at the Front

By 2030, the Nigerian Federal Government wants to produce 30,000 megawatts (MW) of power, of which 3,000 MW (or 30%) will come from renewable sources. At a press conference on Thursday in Abuja, Minister of Power Adebayo Adelabu unveiled the plan, highlighting how renewable energy can revolutionize Nigeria’s energy needs and promote sustainable development. According to the Minister, “we aim to generate at least 30,000 MW by 2030, with 3,000 MW from renewables.” This goal is in line with Nigeria’s resolve to address its energy issues and cut carbon emissions. “The Nigerian Energy Support Donor Group has been instrumental, but achieving this mandate requires more support and collaboration,” the Minister said, emphasizing the necessity of ongoing cooperation with foreign partners. with donors from throughout the world. The Ministry of Power has launched a pilot initiative in Katsina State to hybridize wind and solar power in an effort to set the pace for these ambitious ambitions. This effort, which started in 2020 and is called the Katsina Wind-Powered Program, has encountered difficulties, particularly with regard to security. However, the Ministry is committed to overcoming these obstacles and is adding a 10 MW solar and wind component to the project. The nation’s renewable energy goals and the local communities will both benefit from this hybrid approach’s promise to produce a consistent supply of electricity. The Minister stated in a recent update that talks are in progress with Kano Electricity Distribution Company (KEDCO), establishing them as important off-takers for this hybrid power source.Using KEDCO as As a partner, we want to develop a sustainable model that will power Katsina communities and act as a model for renewable projects throughout Nigeria,” the Minister stated. Remote and neglected areas may benefit greatly from improved energy access thanks to this hybrid power concept. A potential move toward localized, clean, and dependable power is represented by renewable projects like the Katsina Wind Program in Nigeria, where traditional power infrastructure is overburdened and energy demand is high. READ ALSO: Breaking: The Federal Government and Google have selected 10 Nigerian startups for N100 million in AI funding. Nigeria’s government is looking into more funding and partnership options as it advances this vision of sustainable power. Outreach to foreign donors, climate-focused groups, and private investors eager to fund Nigeria’s expansion of renewable energy are some of these initiatives. By increasing its capability for renewable energy, Nigeria wants to empower its communities with sustainable power solutions, expand access to electricity, and lessen dependency on fossil resources. We Love To Have You Back. Pease kindly Provide Us With Your Email.

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Breaking: The Federal Government and Google have selected 10 Nigerian startups for N100 million in AI funding.

The ten firms chosen as the recipients of the newly announced N100 million AI Fund have been revealed by Google and the Federal Ministry of Communications, Innovation, and Digital Economy. Each chosen business will receive N10 million in funding through the Fund, which was created by the National Centre for Artificial Intelligence and Robotics (NCAIR) in partnership with Google. Additionally, each startup will receive up to $3.5 million in Google Cloud Credits to aid in the scaling of their ideas. These entrepreneurs will also have access to Google’s top-notch AI tools, receive guidance from Google’s AI specialists, and have the chance to network with partners and innovators around the world. Associated StoriesDr. Bosun Tijani, FG, reports that Google will provide an additional N2.8 billion to boost the growth of AI talent in Nigeria. The Google BOLD internship program will open for applications on October 31, 2024. requirements for blood supplies.Bunce: An AI-powered platform that helps businesses centralize and customize their interactions with customersA startup called CDIAL AI provides smooth text-to-speech and speech-to-text AI capabilities in 13 languages in underprivileged areas.Farmspeak: Uses AI to help livestock farmers with climate control and illness detection.Lendsqr: Uses AI to streamline lending processes, enabling lenders and borrowers worldwide.ProDevs: Uses AI-driven pre-classification and job matching to link international businesses with screened African tech talent.AI-powered energy management from Rana Energy maximizes sustainable power for underprivileged consumers.SaaSPro Health: AI-powered medical records with specially designed features for Nigerian physicians.Towntalk: Uses AI to give African communities contextual security insights so they may make well-informed decisions.Trade Lenda: Uses AI to streamline credit analysis for MSMEs, making borrowing more accessible.Taking on local issuesAs stated According to Google, by concentrating on industries like healthcare, agriculture, education, and governance, the businesses would be essential in tackling regional issues and utilizing AI to promote sustainable economic growth. READ ALSO: EFCC recovered over N248bn Crime Proceeds in One Year “Entrepreneurs throughout Africa are utilizing technology, including artificial intelligence, to tackle significant societal issues,” stated Matt Brittin, President of Google for Europe, the Middle East, and Africa. “Google is still dedicated to assisting these trailblazers increase their influence both within and outside of the continent. “This partnership carries on our work in Africa, which has always been about enabling more people to benefit from the digital economy,” he continued. Things you should be aware ofThis project is in line with a larger analysis that emphasizes AI’s economic possibilities in Nigeria. Based on recent research findings from First, by 2030, Nigeria’s economy might gain up to $15 billion from artificial intelligence. Further demonstrating the importance of this partnership for Nigeria’s digital future, this program aims to harness that potential by providing local businesses and innovators with the tools, resources, and training necessary to utilize AI. It expands upon Google’s N1.2 billion pledge to Nigeria, made in 2023, with the goal of empowering 20,000 Nigerians via initiatives for economic growth and digital skills. We Love To Have You Back. Pease kindly Provide Us With Your Email.

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NEWS

EFCC recovered over N248bn Crime Proceeds in One Year

The Economic and Financial Crimes Commission (EFCC) has announced a significant achievement, reporting the recovery of over N248 billion within the past year. This information was revealed by Wilson Uwajaren, the Director of Public Affairs for the Commission, during a press briefing on Thursday, where he provided an overview of the agency’s recent accomplishments in combating financial crimes. In addition to the impressive monetary recoveries, Uwajaren noted that the EFCC has also managed to recover more than £53,000 and €172,000. He highlighted that €5,000 was specifically recovered for victims of crime based in Spain, illustrating the Commission’s commitment to supporting those impacted by financial wrongdoing. Uwajaren emphasized that the EFCC is enhancing its rapid response strategies, which are expected to lead to a notable reduction in cybercrime activities across the nation. This proactive approach aims to deter potential offenders and bolster public confidence in the Commission’s effectiveness. READ ALSO: Wike: Young People Who Disapprove of Taxi Driving in Nigeria Accept It Abroad Furthermore, he reported that the EFCC has successfully secured over 35 convictions related to the abuse of the Naira by individuals at social events, demonstrating the agency’s determination to tackle financial misconduct in various sectors. To expand its reach and improve operations, Uwajaren announced that three new directorates will be established in the states of Ekiti, Katsina, and Anambra. This strategic expansion is part of the EFCC’s ongoing efforts to enhance its capabilities in fighting economic and financial crimes throughout Nigeria. We Love To Have You Back. Pease kindly Provide Us With Your Email.

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