17 May 2016

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BUHARI SERVED UNDER ME IN THE MILITARY, HE’S NEVER GOOD IN ECONOMY — OBASANJO

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Ex President Olusegun Obasanjo has broken the silence over the current dwindling economy in Nigeria, by saying that Nigeria’s President Muhammadu Buhari, is not sound in economic matters and as such may not do well in Nigeria’s economy. L-R: Obasanjo & Buhari According to a report in Punch, Obasanjo a two times President of Nigeria also added that Buhari may not do well in foreign affairs, except in military matters. “Buhari is not a very hot person on the economy and foreign affairs,” Obasanjo was quoted as saying. The ex-Nigerian President stated this on Monday at the third International Conference on African Development Issues — themed, “Driving inclusive and sustainable development in Africa: Models, methods and policies” — organised by Covenant University, Ota, Ogun State.
While reacting to a question posed to him by a member of the audience: “Is there any hope for Nigeria under the administration of President Muhammadu Buhari?”, Obasanjo replied, “Is there any hope for Nigeria under this administration? I came back from Geneva, Switzerland a few days ago to attend a conference titled, ‘Are elections giving democracy a bad name?’

Read His Response Below: “We had an election, we elected a leader and the good thing about democracy is that the power you have to elect a leader is also the power you have to remove him. “I am saying this because I said earlier that if you don’t see any leader that has done well in the 56 years of Nigeria’s independence, then let us forget about Nigeria. “I will tell you what I know and I will tell you what I don’t know. I know Gen. Muhammadu Buhari. He served under me in the military. His characteristics that I know, his behaviour that I know, he has not deviated from them. He was never a perfect man, he is not a perfect man and no leader can ever be a perfect man because they are human beings. But if you read my book, what I said about him is correct. He is not a hot person when it comes to economy. He is not a very hot person when it comes to foreign affairs. But he will do well in matters of military and he will do well in fighting Boko Haram.”
“You may not like the way he (Buhari) is fighting corruption. I fought corruption. We recovered over $1.25bn from Abacha and his men. We didn’t make noise. Also, we recovered £100m and about N30m and those who were helping us, the lawyers and the rest said there was still at least $1bn to be recovered at that time. I put it in my handover notes. But rather than encourage scrupulous persons, we had another spate of corruption.”



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NIGER DELTA HAS NO OIL, IT BELONGS TO THE NORTH – ALHAJI BUGAJE

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One of the lead speakers at the Northern Leaders’ Conference, Usman Bugaje, had raised a controversial issue on the ownership of Nigeria’s crude oil domiciled majorly in the Niger Delta region. According to him, it is wrong for any state to claim that it is oil producing because 72% of the total land mass in the country belonged to the North and that by the United Nation’s law; it is only the North that actually has the right to claim ownership.

Alhaji Bugaje, in his presentation, insisted that “there are no oil producing states.” He argued that “the only oil producing state is the Nigerian state itself.” He explained, “Whatever mileage you get in the sea, according to the United Nations Law of the sea, is a measure of the land mass that you have; that is what gives you the mileage into the sea…and the land mass of this country, that gives that long 200 nautical miles or more into the ocean, is because of that 72% of the land mass of this country, which is the North.”To buttress his argument, Dr. Bugaje also said, “The investment came from the Nigerian state and the territory belongs to the Nigerian state.” He further maintained, “What they claim is the off shore oil is actually the oil of the North” contending that “we should stop using these terms that have no sense at all. There are no oil producing states.”




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14 May 2016

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NLC To Begin Strike Wednesday Due To Fuel Hike

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 labour and its civil society allies have resolved to shut down Nigeria from Wednesday, May 18, over the hike in the pump price of petrol announced by the federal government last Wednesday.

Recall the Federal Government on Wednesday announced a new regime of price that took the pump price of petrol to N145 per liter from N86.50.

Vanguard gathered that labour leaders will not later than Sunday send a letter to government demanding a total reversal to the N86.50 pump price of petrol before 12 am on Wednesday, falling which all economic and others would be shut from Wednesday.
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Fuel Subsidy Was Not Removed - VP Osinbajo

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Contrary to popular knowledge that the federal government has expunged oil subsidy from the Nigerian oil and gas system, Vice President, Yemi Osinabjo refuted the claim, saying it was not true. Osinabjo said that what the government did was to withdraw the monopoly hitherto enjoyed by the Nigerian National Petroleum Corporation, NNPC to allow free market sales. He said that “at $40 a barrel, there isn’t much of a subsidy to remove.” 

In a statement tilted “The Fuel Pricing Debate: Our story”, personally signed by him, the Vice President said that the decision to adopt a new measure was essentially informed by the non availability of foreign exchange for the independent marketers to import fuel. His Statement: “The Fuel Pricing Debate: Our Story 

“Fellow Citizens: “I have read the various observations about the fuel pricing regime and the attendant issues generated. All certainly have strong points. “The most important issue of course is how to shield the poor from the worst effects of the policy. I will hopefully address that in another note. “Permit me an explanation of the policy. First, the real issue is not a removal of subsidy. At $40 a barrel there isn’t much of a subsidy to remove. “In any event, the President is probably one of the most convinced pro-subsidy advocates.

“What happened is as follows: our local consumption of fuel is almost entirely imported. The NNPC exchanges crude from its joint venture share to provide about 50% of local fuel consumption. The remaining 50% is imported by major and independent marketers. 

“These marketers up until three months ago sourced their foreign exchange from the Central Bank of Nigeria at the official rate. However, since late last year, independent marketers have brought in little or no fuel because they have been unable to get foreign exchange from the CBN. The CBN simply did not have enough. (In April, oil earnings dipped to $550 million. The amount required for fuel importation alone is about $225million!). 

“Meanwhile, NNPC tried to cover the 50% shortfall by dedicating more export crude for domestic consumption. Besides the short term depletion of the Federation Account, which is where the FG and States are paid from, and further cash-call debts pilling up, NNPC also lacked the capacity to distribute 100% of local consumption around the country. Previously, they were responsible for only about 50%. (Partly the reason for the lingering scarcity).
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CBN Denies Report Of Naira Devaluation

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Nigeria’s Apex bank, The Central Bank of Nigeria has denied reports that the Naira was secretly devalued to N290 to a dollar. The CBN also denied reports of plans to devalue the Naira in the future.

The bank’s Acting Director, Corporate Communications, Isaac Okoroafor, stated that the naira was never devalued further, saying the speculations are unfounded.

He said; “Naira has not been devalued. The naira devaluation rumour is untrue,”. Nigeria’s current economic crisis might not go away very soon due to fluctuating oil prices, devaluation uncertainties and shortages of forex. Although the CBN as has stiffened its defense of its exchange-rate policy, Devaluation might be a last resort if things don’t go as expected in the futufure.
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New deadly disease surface in Nigeria...One Confirmed Dead

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A new deadly disease known as Stephen Johnson Syndrome (SJS), an unusual allergic reaction, has surfaced in Nigeria, according to the Minister of Health, Isaac Adewole. 

According to Adewole, the disease has killed one person, while another is being treated at the National Hospital Abuja. The health minister announced the emergence of the new disease in Nigeria at a press briefing in Abuja earlier today...

A Senior Consultant Physician/Dermatologist at the National Hospital, Abuja, Dr. Olanrewaju Falodun  who spoke about the disease, said 
“Stephens Johnson Syndrome, is an immune complex mediated hypersensitivity reaction that typically involves the skin and mucous membranes and was first described in 1922 by Albert Stevens and Frank Johnson. SJS is a rare and unpredictable reaction, and is also a minor form of toxic epidermal necrolysis with less than 10 percent body surface area involvement. SJS is a rare but serious and potentially life-threatening contagious drug reaction. Incidence of SJS is estimated between 1.1 and 7.1 cases per million per year and is more prevalent in women than men. Incidence in Europe is two per million per year” he said.
He listed the symptoms of the SJS disease to include fever, sore throat, running nose, fatigue, general aches and pains, ulcers in mouth, genitals, anal regions as well as conjunctivitis.
According to him, the health complications of the disease includes pigmentation problems, skin scarring, scarred genitals, joint pains, lung diseases, obstructive disorders and eye complications, adhesions, ulcers, and blindness.
He said the cause of the disease has not yet been discovered in a quarter to half of cases but that self-medications appeared to be one of its causes. He advised Nigerians to avoid misuse of drugs, while individuals with previous drug reactions should always inform healthcare practitioners.

The Minister of Health says efforts are now being made to sensitize the public about the disease
“We have to find a means to communicate with Nigerians,so they should all be aware of this dangerous disease and it is the sole business of government to enlighten the society by trying to increase their awareness, knowledge and to improve their quality way of life.”
Source: Premium Times




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Why Kylie Jenner and Tyga broke up Revealed

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Below is how TMZ reported it today...
Kylie Jenner's just too successful, too young and too hot to be tied down to one man, and that's the main reason she andTyga are done for good this time. Sources connected with the former couple tell us KJ recently realized she wants to live the single life and soak up the spoils of being an 18-year-old multi-millionaire. That frequently means flying all over the world for appearances, and we're told that didn't sit well with Tyga ... who's focusing on his music.
As one source put it ... she wants to jet set, he wants to chill in a studio -- and they both knew it wouldn't work.
Also, we're told since their mini break last fall... there's been constant drama over "dumb stuff" -- what to eat, what they say on social media, blah, blah.

As for the model at Mother's Day brunch with Tyga? We're told he admits having a couple models "hanging around," but no serious girlfriends -- and Kylie's confident there was no cheating before they split.

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Lady shares baby bump photo...claims she's pregnant for Burna Boy

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She goes by the name Uju Stella on instagram and today, she alleged she's pregnant for music star Burna Boy and shared baby bump photo (left). See went on his instagram page and started making allegations that he threatened her over the phone. See what she wrote after the cut...



 
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Nigeria secretly devalues the Naira - Sahara Repoters Claim

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According to Sahara Reporters, the Nigerian government has secretly devalued the Naira....
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11 May 2016

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CAF fines Etoile N1m,Suspends Coach For Misconduct During Match With Enyimba

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The Confederation of African Football (CAF) has fined Tunisian football heavyweights Etoile Du Sahel $5000 (about N1m) for their bad sporting behaviour against Enyimba in the CAF Champions League.

The Coach of Etoile, Faouzi Benzarti and player, Ahmed Akaichi were also suspended for four-matches for using offensive language and hurling insults towards the referee in the first leg in Port Harcourt against Enyimba.

This punishment  was announced in a statement by Africa's football ruling body, CAF, yesterday after it's disciplinary committee handed out punishments to players, coaches and federations who erred in the various CAF competitions in the last three months.
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10 May 2016

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FG To Consider Increasing Minimum Wage to N56,000- Minister of Labor says

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Minister of labour and Employment, Chris Ngige, says the Federal government is carefully studying and considering the N56,000 minimum wage t that was proposed by the Nigeria Labour Congress last month. Ngige said this while receiving the executive members of the Organisation of Trade Unions of West Africa (OTUWA) in Abuja yesterday May 9th.


“The other day, labour requested increased wages for workers and they have only done what they are supposed to do. Therefore, nobody will quarrel with them. At the appropriate time, we shall all sit down because what the labour is asking is for the re-negotiation of an existing Collective Bargain Agreement (CBA). And every CBA-based agreement is subject to re-negotiation at any given time that any of the partners requests it. It is wrong for people to think that whenever the labour makes such a demand, the nation is boiling. The labour in Nigeria has for the first time met a labour-friendly government under President Muhammadu Buhari. The government has put machinery in motion as we speak because I have got a letter as the Minister of Labour and Employment for my advice. We shall advise the government the way such a tripartite negotiation will be handled so that everybody will be satisfied without any industrial unrest. Government in this sense includes also the state and local governments whom such wages will be binding on. When government takes a decision, we will now move to another stage in the process of re-negotiating the CBA. We are in an era where due process supersedes every other” he said
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Pres. Buhari Blasts Those Clamoring For Nigeria's Division

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President Buhari yesterday lashed out at Biafra agitators and other groups calling for the division of Nigeria. According to Buhari, many people who fought during the Nigerian civil war laid down their lives for the unity of this country and it will be wicked to allow their sacrifice be in vain. Buhari who said this while speaking at the Emir of Katsina, Abdulmumini Kabiru Usman's palace, stated that it will be better for all Nigerians to drown in a sea than for Nigeria to ever break up.

 
"Recently, some people who were not even born during the war are saying they want to divide Nigeria. I always say the civil war was fought for the unity of Nigeria because then we hadn’t even discovered oil let alone enjoying it. But two million people were killed. The way the Sahara is advancing, with Boko Haram, growing number of people and uncertainty over rainfall, in a land where we fought civil war leading to the death of about two million, for someone to just say he will chase us out? So where do we go?For Nigeria to divide now, it is better for all of us to jump into the sea and get drowned”he said

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