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No Possibility of More Rescue, Recovery Until Ground Zero – NEMA

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The Coordinator, National Emergency Management Agency (NEMA), Ibrahim Farinloye, has said that there is no possibility of either recovering more dead bodies or rescuing anyone alive until rescue operations get to ground zero in the Ebute Meta building collapse.

Addressing journalists at the scene of the incident,  Farinloye noted that the 10 victims who lost their lives in the incident consisted of four females and six males.

He said, “The incident was said to have started around 9.30pm and since that time, the first responders, who were the community members, came in and they really assisted before the arrival of statutory agencies.

“When we got there, we had about 20 people rescued. So far, we have about 24 people rescued alive and 10 recovered dead.

“The body of an NYSC lady, Oluwakemi, was discovered and removed. Her father identified her; she was found with her phone in her hand. Operation is still ongoing; we are not sure if we will still see more until we get to ground zero.

“From indications and comments, the building has been distressed for a long time and we learnt that they (tenants) were given notices to move out, but some of them moved while others refused to move.”

Farinloye noted that the landlord’s son, who was managing the building, stated that he had given the tenants quit notices, but they refused to leave.

“He (landlord’s son) revealed that he had to leave the building and he rented an apartment in the same vicinity. He further stated that rental fees had not been paid for a long time,” he added.

In his remarks, the Permanent Secretary, LASEMA, Dr. Olufemi Oke-Osanyintolu, said casualties with severe injuries were transferred to the Lagos State University Teaching Hospital, Ikeja.

He said, “On arrival at the incident scene, an old three-storey building, comprising rooms and parlours, was discovered to have collapsed. Further information gathered revealed that the incident occurred around 10.56pm with an undetermined number of people trapped.

“Search and rescue ongoing; 23 adults rescued alive and 10 bodies recovered.

“Building and adjoining structures are being secured before the affected building will be levelled to ground zero. All key stakeholders are working together at the scene. Further updates to follow.”

The Head, Lagos State Fire and Rescue Services, Margaret Adeseye, said all the first and major responders were still collaborating to mop up the incident scene.

She said, “Twenty four were rescued alive with varying degrees of injury and all in stable condition, including two that are responding to treatment. Ten were suspected dead — six males and four females.”

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Trump Signs Spending Bill to End Longest Government Shutdown

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US President Donald Trump has signed a federal spending bill, officially ending the longest government shutdown in American history.

The legislation, passed by the House of Representatives in a 222–209 vote, followed narrow approval in the Senate just two days earlier. The bill restores funding to federal agencies after 43 days of closure, bringing relief to millions of government employees and citizens affected by halted services.

Speaking after signing the measure on Wednesday night, Trump described the deal as a political victory, asserting that Democrats unnecessarily prolonged the shutdown.

“They didn’t want to do it the easy way. They had to do it the hard way, and they look very bad,” he said.

The temporary funding bill maintains government operations only through 30 January, creating a new deadline for lawmakers to negotiate a long-term budget solution.

As part of the agreement, Senate leaders committed to an early December vote on Obamacare subsidies, a key priority for Democrats during the shutdown standoff.

In addition to reopening federal offices, the bill provides full-year funding for the Department of Agriculture, military construction projects, and several legislative branch offices.

It also ensures retroactive pay for federal workers affected by the shutdown and allocates funding to the Supplemental Nutrition Assistance Program, SNAP, which helps about one in eight Americans access food.

The shutdown, which began in October, forced the suspension of many government services, leaving an estimated 1.4 million federal employees either furloughed or working without pay. It also disrupted food assistance programmes and caused widespread delays in domestic air travel.

With federal operations now resumed, attention in Washington has turned to whether Congress and the White House can reach a longer-term funding agreement before the new deadline at the end of January.

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FG Halts Planned 15% Import Duty on Diesel, Petrol

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Thursday, announced discontinuation of the planned 15 per cent duty on imported petroleum products.

NMDPRA’s Director, Public Affairs Department, George Ene-Ita, conveyed the development in a statement while warning the public to shun panic buying.

President Bola Tinubu, on October 29, approved an import tariff on petrol and diesel, a policy expected to raise the landing cost of imported fuel.

The President’s approval was conveyed in a letter signed by his Private Secretary, Damilotun Aderemi, following a proposal submitted by the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.

The proposal sought the application of a 15 per cent duty on the cost, insurance, and freight value of imported petrol and diesel to align import costs with domestic market realities.

Implementation was slated to take effect on November 21, 2025.

The policy aimed to protect and promote local refineries like the Dangote Refinery and modular plants by making imported fuel more expensive.

While intended to boost local production, it is also expected to increase fuel costs, which could lead to higher inflation and transportation prices for consumers.

Experts have argued that the move could translate into higher pump prices for consumers, with some estimating an increase of up to N150 per litre or more.

In an update, however, NMDPRA said the government was no longer considering going ahead with implementing the petrol import duty.

“It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in View,” the statement read in part.

Meanwhile, the NMDPRA also assured all that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold, during this peak demand period.

“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.

“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.

“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.

“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security,” the statement added.

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Senate Approves Tinubu’s N1.15tr Domestic Loan Request to Fund 2025 Budget Deficit

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The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.

The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.

The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.

This expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).

In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.

President Tinubu had on November 4th requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.

The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.

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