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Atiku Tells Lagos Residents to Liberate Themselves from Family Government, Vote PDP

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The Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, has urged Lagos residents to liberate themselves from the rule of a family government and replace it with the people’s government by voting for the party in the forthcoming elections.

The former vice president spoke on Monday during the PDP presidential campaign rally held at the Tafawa Balewa Square on Lagos Island.

Atiku, who was present with his wife, Mrs Titi Abubakar, promised to restructure the country and empower youths with Small and Medium Enterprises if elected president.

He said, “I want to give you a short history. This history is about 53 years ago, in 1969 when I first came to Lagos; there was only one Carter Bridge built by the Europeans. There was no Second Mainland Bridge, no Third Mainland Bridge, or the Tafawa Balewa Square.

“It was the Federal Government that built the Second and Third Mainland Bridges and rebuilt the Carter Bride, Agege Motor Road, Ikorodu, and all the major roads connecting the island with the mainland. Now the APC government is claiming that they developed Lagos; they did not develop Lagos at all. They are lying to you.

“Therefore, it is time for you the people of Lagos to liberate yourself from a family government to the people’s government, and that people’s government is going to be led by Jandor.

“People of Lagos, it is high time you took your destiny into your own hands for your future, not for the future of one family. In the last 23 years, you have been governed by one family and it is your right and your duty to take over that governance and hand it over to yourselves that is what the PDP stands for.

“On my own part, if you elect me as president, I promise by the grace of God, I am going to set aside $10bn so that we can empower our young men and women in SMEs. People were asking me where I was going to get that money. If I privatise Port Harcourt, Warri, and Kaduna refineries, I am going to get that money.

“Let me also promise you, if you vote for the PDP government we will restructure this country. What do we mean by that? We will give your states and local governments more power and resources, so it is up to you to hold them responsible.”

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FG Dismisses Dangote Petroleum As Inferior, Says Refinery Not Yet Licenced, Not Completed

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By Eric Elezuo

A Federal Government of Nigeria petroleum regulatory agency, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), has dismissed petroleum products from the Dangote Refinery as inferior, in the guise of those f4om Watersmith and Aradel, making a case for superiority of imported ones.

The revelation was made by the Chief Executive Officer of NMDPRA, Mr. Farouk Ahmed, while responding to questions from a section of the press, a video of which is trending online, adding that the refinery is only 45% completed, and yet to be licenced for operation by the Nigerian government.

Earlier, the Vice President of Dangote Industries Limited, Devakumar Edwin, had alleged that most fuel products imported into Nigeria are substandard, blaming International Oil Companies (IOCs) of frustrating Dangote’s quest for production.

In the short video, which lasted a little over a minute, Mr. Ahmed debunked theories attached to the functionality of the Dangote Refinery, saying it does not have the capacity to ‘feed’ the nation of its petroleum needs, as it stands. He however, refuted arguments that some elements within the oil and gas sector were trying to scuttle the Dangote Refinery.

A transcript of the NMDPRA’s boss short response is as follows:

“It about concerns of supply of petroleum products acros the nationwide, and the claim that we are trying to scuttle Dangote. That is not so. Dangote Refinery is still in the pre-commissioning stage. It has not been licenced yet. We haven’t licenced them yet. I think they are about 45 per cent completed, or completion rather.

“We cannot rely on one refinery to feed the nation, because Dangote is requesting that we suspend or stop imports, especially of AGO and DPK, and direct all marketers to his refinery. That is not good for the nation in terms of energy security, and it is not good for the market because of the monopoly.

“Dangote Refinery, as well as some modular refineries like Watersmith Refinery and Aradel Refinery, are producing between 650 and 1,200 PPM. Therefore, in terms of quality, their products are inferior to imported ones,” he stated.

It will be recalled that only last Sunday, the President, Dangote Industries Limited, Aliko Dangote, while hosting senior journalists from across various media concerns, revealed that the Nigeria National Petroleum Company Limited (NNPCL) owns only 7.2% of stakes in the refinery, and not 20 percent as widely circulated. He also revealed that the refinery is set to begin fuel supply in August 2024.

Many stakeholders and respondents have alleged that there’s no love lost between the government of the day and the Dangote Group, and that explains the hiccup situation surrounding the takeoff the $19 billion refinery.

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JAMB Denies Setting Admission Cut-off Mark, Says No Such Thing

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The Joint Admission and Matriculation Board (JAMB), has denied setting cut-off marks for admissions into higher institutions across the country.

In a statement posted on its official X account on Thursday, the Board dismissed reports that it had set 140 as cut-off marks for universities, and 100 for polytechnics respectively.

“There’s no such thing as ‘cut-off mark’ in admission process to tertiary institutions in Nigeria, what’s obtainable is minimum tolerable score determinable by individual institutions,” it said.

The denial comes just one day after it was widely reported, that the Board had pegged 140 as a cut-off mark for admission into universities, and 100 as the minimum cut-off point mark for admission into polytechnics and colleges of education.

The statement attributed to JAMB Registrar, Professor Ishaq Oloyede, quoted him as announcing the development in Abuja at the 2024 Policy meeting of the Board.

The meeting had in attendance the Minister of Education, Tahir Mamman, vice-chancellors, rectors and registrars of higher institutions and other stakeholders.

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We Communicated Our Stand to Dangote, NNPC Reacts to Owning Only 7.2% Stake in Refinery

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The Nigerian National Petroleum Company (NNPC) Limited has explained why it holds only a 7.2% equity in the $19 billion Dangote Refinery, instead of the widely speculated 20%. 

A statement released on Sunday by Femi Soneye, the Chief Corporate Communications Officer of NNPCL, addressed the company’s recent decision regarding its investment in the Dangote Refinery.  

Soneye said that the decision to reduce their investment was carefully considered and communicated several months ago to Aliko Dangote. 

Dangote mentioned to newsmen on Sunday that NNPC no longer holds a 20% stake in the refinery.  

He explained that this change occurred because NNPCL failed to pay the balance of their share, which was due in June. 

Reacting, NNPC said:  

“NNPC Limited periodically assesses its investment portfolio to ensure alignment with the company’s strategic goals.

“The decision to cap its equity participation at the paid-up sum was made and communicated to Dangote Refinery several months ago,” NNPC said.

Nairametrics

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