As the global oil prices slid further downward, Governor Babatunde Fashola of Lagos State, yesterday, asked the Federal Government to review downward the pump prices of Premium Motor Spirit, PMS, from N97 per litre in the country in tandem with the slump in world oil price. The Organisation of Petroleum Exporting Countries, OPEC, had last Friday, on its website pegged the oil price at $66.27 per barrel. Fashola who blasted FG for its reluctance to adjust the pump price of PMS, made the remarks while addressing hundreds of youths at the Lagos State and After School Graduation Development Centre, AGDC, IGNITE Employability Project 5, Ikeja. He lamented that Nigerians were not receiving fair treatment from the central government like others in oil producing nation. Fashola said, “Now we should be enjoying cheap fuel if the price of oil has dropped globally. Even as we import the product, a major component has reduced in price and while this has reduced, the pump price of fuel in the country still remains the same. “Then something is wrong. If the price increases in the country when the price of oil goes up globally, then it should also reduce when the price of oil drops. “I understand that I am not an economist; they (Federal Government) are the economists. But I have some logic and common sense to ask critical questions. For instance, if one buy flour at N10 per kilogram, and the bread was sold at N1 per loaf. If the price of flour drops, the price of the bread should also change,” Fashola added. The governor, therefore, urged President Goodluck Jonathan led administration to follow the footstep of other countries that have reduced the pump price of oil products for their citizens. Fashola noted that the oil sector of the country had not been improved to address challenges confronting the nation especially unemployment, saying “The economy is not doing well. Some of you (audience) are compelled to try to survive through whatever means.” On how the oil sector would have addressed the unemployment challenges, he said. “If we are trying to build refinery with Dangote in Lekki Free Zone, LTZ, in Epe; and the construction alone would require 8, 000 workers. It means that they must get to work and back. So there is need for transportation service, there is need for food and other services during work and post construction. “So if we stop importing fuel, and start building refineries and doing other things right the economy will lift. If you build a gas grid for the country and rough estimate indicated that investing $5 billion, many businesses will began to get gas and some of the power installation can also convert to gas and others, there would be sudden positive effect on the country’s economy.
Monday, 8 December 2014
Babatunde Fashola tells FG to bring down the price of fuel.
As the global oil prices slid further downward, Governor Babatunde Fashola of Lagos State, yesterday, asked the Federal Government to review downward the pump prices of Premium Motor Spirit, PMS, from N97 per litre in the country in tandem with the slump in world oil price. The Organisation of Petroleum Exporting Countries, OPEC, had last Friday, on its website pegged the oil price at $66.27 per barrel. Fashola who blasted FG for its reluctance to adjust the pump price of PMS, made the remarks while addressing hundreds of youths at the Lagos State and After School Graduation Development Centre, AGDC, IGNITE Employability Project 5, Ikeja. He lamented that Nigerians were not receiving fair treatment from the central government like others in oil producing nation. Fashola said, “Now we should be enjoying cheap fuel if the price of oil has dropped globally. Even as we import the product, a major component has reduced in price and while this has reduced, the pump price of fuel in the country still remains the same. “Then something is wrong. If the price increases in the country when the price of oil goes up globally, then it should also reduce when the price of oil drops. “I understand that I am not an economist; they (Federal Government) are the economists. But I have some logic and common sense to ask critical questions. For instance, if one buy flour at N10 per kilogram, and the bread was sold at N1 per loaf. If the price of flour drops, the price of the bread should also change,” Fashola added. The governor, therefore, urged President Goodluck Jonathan led administration to follow the footstep of other countries that have reduced the pump price of oil products for their citizens. Fashola noted that the oil sector of the country had not been improved to address challenges confronting the nation especially unemployment, saying “The economy is not doing well. Some of you (audience) are compelled to try to survive through whatever means.” On how the oil sector would have addressed the unemployment challenges, he said. “If we are trying to build refinery with Dangote in Lekki Free Zone, LTZ, in Epe; and the construction alone would require 8, 000 workers. It means that they must get to work and back. So there is need for transportation service, there is need for food and other services during work and post construction. “So if we stop importing fuel, and start building refineries and doing other things right the economy will lift. If you build a gas grid for the country and rough estimate indicated that investing $5 billion, many businesses will began to get gas and some of the power installation can also convert to gas and others, there would be sudden positive effect on the country’s economy.
23 year old Nigerian student stabs his brother to death in Ghana.
23 year old Nigerian student Mustapha Musa Osmanu, studying Information Communication Technology (ICT) at Sikkims Manipal University, Accra, has been arrested by the Ghanian police for stabbing two of his brothers at their home in Accra Newtown on Friday November 28th. One of them died instantly.
Confessing to the crime, Musa said he was under the influence of drugs when he stabbed his brothers. He said a night before the attack, he'd taken 20 doses of Diazpam 5gm tablets, to enable him study.
Nazifi, the oldest among the three brothers was pronounced dead on arrival at the Korle-Bu Teaching Hospital. The other brother is now in a stable condition at the same hospital.
Speaking on the incident, the Accra Regional Police Commander, DCOP Christian Tetteh Yohuno said on November 29th, the day after the attack, Musa went to the police station to report, claiming that he and his brothers had been attacked by armed robbers. His claim was later refuted by Jamiru who survived the attack.
He revealed that it was Musa who attacked them while they were sleeping that fateful day. "Jamiru narrated that after seeing the intestines of Nazifi gushing out and blood flowing from his stomach, he immediately had to pretend he did not see the one who stabbed them after he was asked by suspect whether he saw something. The victim said if he had said yes, Musa Osmanu would have killed him instantly which was why he said he did not know the one who stabbed them,” DCOP Yohuno said.
Police believe that Musa Osmanu committed the act when he learned that the victims had been given about $4,000 from their elder brother to pay their school fees, a claim Osmanu has denied. "I did not commit the offense because of the money ”
According to him, Musa is expected to be charged to court soon for murder.
Confessing to the crime, Musa said he was under the influence of drugs when he stabbed his brothers. He said a night before the attack, he'd taken 20 doses of Diazpam 5gm tablets, to enable him study.
"I admit committing the act. I regret my action and I even wanted to commit suicide after the act but Jamiru took the knife from me. I was out of control after taking the drug. I regret having taken the drugs which enables me study for more than five hours a day…” he saidOn the day of the attack, Osmanu had sneaked into their kitchen around 3.30pm, picked a knife and first stabbed Jamiru Osman, 23, in the chest before stabbing Nazifi Osman Mohammed, 27, in the chest and the stomach, leading to his death.
Nazifi, the oldest among the three brothers was pronounced dead on arrival at the Korle-Bu Teaching Hospital. The other brother is now in a stable condition at the same hospital.
Speaking on the incident, the Accra Regional Police Commander, DCOP Christian Tetteh Yohuno said on November 29th, the day after the attack, Musa went to the police station to report, claiming that he and his brothers had been attacked by armed robbers. His claim was later refuted by Jamiru who survived the attack.
He revealed that it was Musa who attacked them while they were sleeping that fateful day. "Jamiru narrated that after seeing the intestines of Nazifi gushing out and blood flowing from his stomach, he immediately had to pretend he did not see the one who stabbed them after he was asked by suspect whether he saw something. The victim said if he had said yes, Musa Osmanu would have killed him instantly which was why he said he did not know the one who stabbed them,” DCOP Yohuno said.
Police believe that Musa Osmanu committed the act when he learned that the victims had been given about $4,000 from their elder brother to pay their school fees, a claim Osmanu has denied. "I did not commit the offense because of the money ”
According to him, Musa is expected to be charged to court soon for murder.
Lagos State APC Governorship Candidate ''Akinwunmi Ambode'' Releases His CV.
The APC Governorship aspirant of Lagos state, Akinwunmi Ambode released his CV for his critics during his acceptance speech. See his impressive resume below...
• I was born on the 14th of June,1963 at Epe General Hospital, Epe, Lagos State.• I had my Primary School at St. Jude’s Primary School, Ebute Meta, and Lagos. Passed the National Common Entrance in Primary 5 and gained admission into Federal Government College, Warri.• Recorded the second best result in the entire West Africa in the Higher SchoolCertificate Examinations in the Social Sciences in 1981.• Graduated with honours in Accounting from the University of Lagos at 21.
• At 24, I qualified as a Chartered Accountant and completed my Masters Degree programme in Accounting from University of Lagos, specializing in Financial Management.
• Worked in the Local Government Service for 10years and was at various times council Treasurer in Alimosho, Shomolu, Mushin and Ajeromi-Ifelodun Local Government Councils.
• In 1998, my commitment to public service earned me the award of the US Fullbright Scholarship for the Hubert H. Humphrey Fellowship program, in Boston University, Massachusetts, USA on Public Leadership with emphasis on Finance and Accounting.
• I was appointed acting Auditor-General for Local Government in 2000 and became the youngest ever Auditor-General for Local Government in Lagos State.
• I was appointed Permanent Secretary, Ministry of Finance in January 2005 and in February, 2006, was given the additional responsibility of Accountant-General of Lagos State.
• I was the youngest Permanent Secretary in service and only the second person to hold both positions of Permanent Secretary and Accountant-General at the same time.
• Under my watch, the State Treasury Office revolutionized the way Lagos State finances were raised, budgeted, managed and planned resulting in the state’s budget performing at an average of 85% annually.
• I ensured payment of civil service staff salaries before the end of the month, payment of running cost by 1st week of each month and introduced end of the year
package and special/specific welfare for staff.
• I launched the e-payment platform for the monthly staff salaries
• I renovated the State Treasury Office, created a conducive working environment, introduced a corporate dress code and provided laptops for all Directors
• I Introduced prompt payment of gratuity and pension arrears of the State Universal
Basic Education Board and Local Government old pensioners.
• I introduced regular technical meetings with the Directors of Accounts in all MDAs, facilitated the sponsorship, by the State Governor, of over 1000 accountants to the Annual accountants' Conference in Abuja and initiated the annual retreat for Heads of Accountants as well as Local and International training for staff.
• I co-organised the first ever National Tax Retreat in association with the Joint Tax
Board/Federal Inland Revenue Service in 2005.
• I chaired the Technical Committee that produced the Lagos State Economic
Empowerment Development Strategy (SEEDS) document.
• I led the audit teams as the Auditor-General in the office of Auditor-General for Local Government to clear and publish the arrears of statutory audits of 1995 to 2004 within 12months.
• I am a scholar, accountant, administrator, an astute leader with strong emotional intelligence, i am an alumnus of Wharton Business School and also attended courses at Cranfield School of Management, Cranfield, England; the Institute of Management
Development, Lausanne, Switzerland; INSEAD, Singapore and the Harvard Kennedy
School of Government, Boston, Massachusetts, USA.
• I retired voluntarily from public service in August, 2012; the first ever recorded voluntary retirement by a Permanent Secretary in the Lagos State Public Service.
• I established Brandsmiths Consulting Limited in 2012 and the company is today consulting for Federal, State and Local Governments on the transition to the new International Public Service Accounting System and other financial advisory services.
• I am a stickler for high performance and my decisions are never based on race, gender or religion.
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