WE LACK VISIONARIES
Listen, our poverty in this country is not because Nigeria doesn’t have money per se, it’s just that the few who has/have it never invested in our manufacturing, growing tech sectors or even empowering great minds with great ideas.
Exciting news! We recently welcomed Nigerian carrier @flyairpeace to the London Gatwick family, flying daily to Lagos 🇳🇬
Perfect for reconnecting with friends and loved ones or for business travellers, embark on your next journey from London Gatwick to Lagos with Air Peace. Book your flights today: https://t.co/hDvVC1GxaE
And doesn't the livery look great on the aircraft as it came under our Pier 6 bridge on its first arrival?! Big thank you to lgw.luke on Instagram for this fantastic video! 📽️
Vice President Kashim Shettima has revealed that Prof Ishaq Oloyede is the first Registrar of the Joint Admission and Matriculation Board to have made over N50bn for the Federal Government within a year.
The Vice President, who represented President Bola Tinubu, disclosed this on Wednesday while speaking during a public engagement organised by the Economic and Financial Crimes Commission.
The dialogue on “Youth, Religion, and the Fight against Corruption” was held at the Musa Yar’Adua Centre, Abuja, where the Fraud Risk Assessment Project for Ministries, Departments, and Agencies was also launched by the EFCC Chairman, Ola Olukoyede.
While speaking on the issue of corruption in the public sector, the Vice President noted that JAMB had never made up to $1m for the Federal Government before Oloyede assumed office.
Shettima said, “One person I always respect is Prof Ishaq Oloyede. Over the years, JAMB never made upto $1m for the Federal Government.
“However, when Prof Oloyede assumed office, JAMB made over ₦50bn for the Federal Government in one year.”
Other dignitaries present at the dialogue were the Attorney General of the Federation, Lateef Fagbemi; a former Minister of Power, Babatunde Fashola; the Ọọni of Ifẹ, Ọba Enitan Ogunwusi; the Sultan of Sokoto, Sa’ad Abubakar; the President, Christian Association of Nigeria; the Chairperson, Nigeria Committee of Vice Chancellors, Professor Lilian Salami; and the Registrar of JAMB, Professor Ishaq Oloyede.
The current and next generations of Dads must dedicated extra time to parenting even if it’s not convenient. Be present everytime your kid needs you and when they don’t. If you have to be a part-time house husband to achieve that type of bond with your kids, do it!
E get why.
Aisha Yesufu is blowing hot regarding Labour Party House of Representatives members who are prepared to get their official cars.
Maybe she forgot, they are not answerable to any online bandit. For as long as their constituents are not complaining.
Their electoral success is as a result of the satisfaction of their constituents not the opinions expressed by Aisha and her gang.
Lemme make u guys laugh …. So while they were begging for their property not to be removed from the canal path since 2020, Another “developer” quickly rushed to erect his own property on the same path (marked red), Hoping that Lagos State Government will look away when the building is fully built, people have mind in this country. Anyways the Commissioner @tokunbo_wahab will remove everything on the path, so that the water can flow into the Ikota river and reduce the massive flooding of the axis. The curved part at the bottom of this picture is what they did to bend the canal and force it into a “gutter” 😀😀
Judiciary should insist that once you are sacked as a President, Vice President, Gov, Deputy Gov, Senator, House of Reps, member of the state House of Assembly, chairman and councilors of LGA.
2: You should return all the salaries and allowances Treasury paid you.
3: In the alternative, Any office holder that the opponent is challenging his or herelection should not be paid until the case has been decided. We can insert it in our electoral law.
EXPLAINED: What you need to know about @nnpclimited 's $3billion Emergency Crude Repayment Loan from Afrexim Bank @afreximbank
1. What is the $3 billion loan about?
The NNPC Ltd. secured an emergency $3 billion crude oil repayment loan from AFREXIM Bank. This is not a crude-for-refined products swap but an upfront cash loan against proceeds from a limited amount of future crude oil production.
2. Is this loan risky for NNPC Ltd. or the Nigerian Treasury?
No. The exposure for NNPC Ltd. is very limited, covering just a fraction of their entitlements. Additionally, there are no sovereign guarantees tied to this loan.
3. What's the benefit of this loan to Nigeria?
The loan will assist NNPC Ltd. in settling taxes and royalties in advance. It will also equip the Federal Government with the necessary dollar liquidity to stabilize the Naira, with limited risk.
4. How will the loan be disbursed?
The funds will be released in stages or tranches based on the specific needs and requirements of the Federal Government.
5. Will this affect fuel prices?
A strengthened Naira as a result of this initiative will lead to a reduction in fuel costs. This means that if the Naira appreciates in value, the cost of fuel will drop and further increases will be halted.
6. What about subsidies? Are they coming back?
No. A stronger Naira will result in lower prices from the current level, making subsidies unnecessary. The deregulation policy remains unchanged.
7. How will the loan be repaid?
The loan will be repaid against a fraction of proceeds from future crude oil production. It's a strategic move that ensures a balance between our current economic needs and future production capabilities.
8. What is the difference between this and previous swap deals?
This is not a crude for refined products agreement where the government does not earn any proceeds from the swap.
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For more updates, follow the official channels on twitter:
.@nnpclimited
.@ngrpresident
BREAKING
Relief For The Naira: NNPC Ltd Secures $3billion Emergency Crude Repayment Loan from AFREXIM Bank
The NNPC Ltd. and @afreximbank have jointly signed a commitment letter and Termsheet for an emergency $3billion crude oil repayment loan.
The signing, which took place today at the bank's headquarters in Cairo, Egypt, will provide some immediate disbursement that will enable the NNPC Ltd. to support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market.
@yorubasheikh deactivated his account when he learnt police is looking for him or her to substantiate allegation against @tundefashola. Don’t worry, you will be caught.