Fuel smuggling dropped after subsidy removal — Kyari
Kyari, speaking during an interview with Channels TV on Sunday, explained that the subsidy previously created a substantial price gap between Nigeria and its neighbouring countries, making fuel smuggling highly profitable. “Before the subsidy removal, the price difference was huge, and that incentivised smugglers to move fuel across borders,” Kyari noted. He said that eliminating the subsidy has “effectively calibrated fuel prices,” stripping away the profitability of illegal fuel trade. “The removal of fuel subsidy in Nigeria has been a game-changer in the fight against cross-border smuggling,” Kyari stated. The subsidy removal, Kyari stressed, not only reduces smuggling but also fosters price parity, contributing to a more stable and fair energy market.
Source:The Guardian
October 14, 2024 22:31 UTC
FG to improve petroleum distribution, address tanker explosions — Oil minister
The Federal Government is set to revamp Nigeria’s petroleum distribution systems and address the alarming rate of petrol tanker explosions, according to the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri. “The frequent petrol tanker explosions have caused significant loss of lives and property across the country, and this cannot continue,” Lokpobiri stated. He attributed the recurring incidents to Nigeria’s overreliance on road transportation for distributing petroleum products, compounded by outdated pipeline infrastructure. Mohammed stressed the importance of integrating road safety measures into petroleum logistics, given the high volume of trucks transporting hazardous materials. “We are determined to prevent further loss of lives and property by creating a safer, more efficient petroleum distribution system,” he concluded.
Source:Nigerian Tribune
October 14, 2024 19:42 UTC
AI, deep tech will redefine global economy, says DWTC chief
The Executive Vice President of Dubai World Trade Centre, Trixie LohMirmand, has said that Artificial Intelligence and deep technology will shape and drive the future global economy. The DWTC EVP, the principal organiser of the ongoing GITEX Global in Dubai, United Arab Emirates, disclosed this in a statement issued on Monday. LohMirmand pinpointed the theme of this year’s event, “Global Collaboration to Forge a Future AI Economy,” as a vital platform for harnessing the transformative potential of these technologies. “AI and deep tech will redefine tomorrow’s economy,” she stated, calling for increased collaboration among governments, industry leaders, and innovators. As part of the larger initiative to foster AI innovation, GITEX will be followed by the inaugural AI Everything Global 2025 in Abu Dhabi and Dubai, aimed at building a responsible and forward-looking AI ecosystem.
Source:Punch
October 14, 2024 16:17 UTC
China concludes war games near Taiwan amid rising tensions over independence stance
China’s military concluded a day of war games near Taiwan on Monday, framing the exercises as a warning against the “separatist acts” of Taiwan’s independence forces. Taiwan, a democratically governed island, had been on high alert for potential military actions following last week’s National Day speech by President Lai Ching-te. In his speech, Lai asserted that China had no right to represent Taiwan, while also expressing a willingness to cooperate with Beijing. His remarks were swiftly condemned by the Chinese government, which regards Taiwan as part of its own territory. “The drill also serves as a stern warning to the separatist acts of Taiwan independence forces.
Source:Nigerian Tribune
October 14, 2024 13:58 UTC
India’s capital bans fireworks to curb air pollution
The Indian capital, Delhi, has imposed a complete ban on the manufacturing, storage, sale, and use of fireworks until January 1, 2025, in an effort to combat severe air pollution. The Delhi Department of Environment announced this decision through an official order on Monday. Delhi’s Environment Minister, Gopal Rai, urged citizens to cooperate with the government’s initiative to curb pollution, especially as winter approaches. He emphasised the need for public support: “In view of the increasing pollution in winter, a ban has been imposed on the production, storage, sale, and use of firecrackers from today till Jan. 1. The ban includes the period of the Hindu festival Diwali, set to be celebrated on November 1, during which people traditionally set off firecrackers.
Source:Nigerian Tribune
October 14, 2024 13:37 UTC
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Source:Nigerian Tribune
October 14, 2024 12:24 UTC
Petrol price as slow poison
For us, their victims, the way the regime injects petrol price increments, almost monthly, into our lives makes it look like Doctor Death. On October 5, 1847, Johnstone delivered a lecture at the college on what he themed ‘The Accumulative Action of Medicines, with Some Remarks on Slow Poison’. Jonestone told the woman’s story to illustrate the lethality of slow poison. The way petrol price daily moves up the spiral staircase feels like Madame Marie’s poison. The Nigerian house is damp and dank.
Source:Nigerian Tribune
October 14, 2024 09:58 UTC
Alleged kidnapping, organ harvesting: Many killed, police station set ablaze by protesting youths in Edo
This was even as the police station in the area, alongside vehicles in the station, was set ablaze by irate youths who claimed the police were providing cover for the suspected hoodlums. The people claimed that the criminal elements were kidnapping and killing people in the area for suspected organ harvesting, hence their protest. The infuriated youths dug out the decomposing body of a young man in the compound of the community leader, who it was gathered, reportedly fled with his family. It was also learnt that while the youth were digging the compound, several bones believed to be those of humans were recovered. In anger, the youths were said to have burnt down the building and then the business centres of several people, killing some of them, before storming the police station to set it ablaze.
Source:Nigerian Tribune
October 14, 2024 09:25 UTC
Enugu varsity raises lecturers’ minimum qualification to PhD
Godfrey Okoye University (GOUNI) in Enugu has announced an increase in the minimum qualification for its lecturers to Doctor of Philosophy (PhD), effective from the 2025-2026 academic session. The Vice-Chancellor of the university, Prof. Christian Anieke, made the announcement on Friday during a “Spiritual Retreat” organised for academic and senior administrative staff. He stated that the university management would not tolerate absenteeism from lectures by lecturers. In her remarks, the Deputy Vice-Chancellor, Academic, Prof. MarySylvia Nwachukwu, expressed concern over the low attendance to lectures by teachers during the first week of academic resumption. The spiritual retreat was attended by principal officers, professors, heads of departments, and directors from the university and its affiliated institutions.
Source:The Guardian
October 14, 2024 07:53 UTC
Between rising external reserves and frustrating economic challenges
The recent growth of Nigeria’s foreign reserves has come to many as some form of cheery news. In as much as this is a positive development, it is disappointing that this has not helped to stabilise the country’s foreign exchange market, as would be expected. Hardly has any citizen escaped the effect of this negative development in the foreign exchange market. While these steps are laudable, the core issues for a reliable foreign exchange supply need to be investigated meticulously. More work needs to be done, to bring sanity to this all-important foreign exchange market, in the interest of the ordinary Nigerian.
Source:The Guardian
October 14, 2024 04:10 UTC
Ofokutu should produce Aromolaran’s successor, says family
The Ofokutu Royal Family of Ilesa, Osun State, has said it is their turn to produce the next Owa Obokun of Ijeshaland. The spokesperson of the Ofokutu Royal Family, Prince Olayide Adeyemi Adurodolorun, explained that the Ajimoko Royal Family had produced Owa twice and a regent once. He added that a member of the Ofokutu Royal Family had only ascended the throne once. He claimed that some members of the Ajimoko Royal family have been going round to lay claim to the stool. Within the Bilaro family, it is the turn of the Ofokutu Royal Family to produce the next Owa Obokun of IjeshaLand.
Source:The Guardian
October 13, 2024 22:18 UTC
Current PDP situation embarrassing, unnecessary – Fayose
“The current situation in our party has made a mockery of suspension and counter-suspension, especially at that level of leadership. Furthermore, the ex-governor also debunked reports that he had declared interest in becoming the national chairman of the PDP, saying that the position is too hot for his age now. “There was a write-up going round yesterday that I have declared for national chairman. “I don’t even want to be anything in the party anymore, I don’t even want appointment of any sort. I never said I have declared for national chairman of the party – God forbid, that seat is too hot for my age now.
Source:Nigerian Tribune
October 13, 2024 21:02 UTC
Indian ex-minister shot dead in Mumbai
A senior politician in India’s financial capital Mumbai was shot dead on Saturday, weeks ahead of key state elections, with police probing the role of a notorious crime gang. Baba Siddique, 66, a local lawmaker and former minister in Maharashtra state, was shot multiple times in the chest outside his son’s office in Mumbai, Indian media reported. Maharashtra’s deputy chief minister Ajit Pawar, from the same party as Siddique, said he was “shocked” by the “cowardly attack”. Meanwhile, in 2023, in Uttar Pradesh, India, Atiq Ahmad, a politician with over 100 criminal cases, was shot dead on live TV while being escorted by police for a medical checkup. As he spoke to journalists, a gunman approached and shot him in the head, followed by multiple rounds.
Source:Punch
October 13, 2024 18:21 UTC
Fighting corruption spiritual, not by guns, Primate Ayodele tells EFCC boss
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has admonished the chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyode to go spiritual in the fight against corruption in Nigeria. He explained that corruption is a fraternity in Nigeria and can’t be fought using guns, law, and technology. To fight corruption, you must be highly spiritual; it can’t be fought with technology. He commended the EFCC chairman for being passionate about fighting corruption but warned him to be prepared so that corruption would not fight back and indict his office. The EFCC chairman will only do his best but the powers will frustrate him and not make him excel as he wants.
Source:Nigerian Tribune
October 13, 2024 18:07 UTC
Group urges wealthy Nigerians to share resources with poor
The Atum Humanitarian and Charitable Initiative has urged the government to reduce the current hardship faced by citizens. This is as the organisation launched a N500 million fund to support two million needy Nigerians, urging NGOs, business leaders, and wealthy individuals to unite and support communities in need. “We appeal to other well-off Nigerians to step forward during this critical time; the people need your support now more than ever. “It is essential for the wealthy to share their resources and assist those in need. Additionally, we call on business leaders and politicians not to hoard their wealth in bank accounts while the populace suffers.”
Source:The Guardian
October 13, 2024 17:55 UTC