FG, World Bank, others verify gas flare sites

FG, World Bank, others verify gas flare sites The Programme Coordinator of the Nigerian Gas Flare Commercialisation Programme, Ministry of Petroleum Resources, Mr. Justice Derefaka, says the federal government has commenced the verification of gas flare sites across the country. Derefaka disclosed this at the Gas Buyers’ Forum, organized by the Gas Aggregation Company of Nigeria,in Abuja, on Wednesday. He said that the federal government had discovered that there were at least 178 sites where gas were flared, as opposed to 140 sites listed in the past. He said the…

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FG strategises to check slipping back into recession

Vice President Yemi Osinbajo has announced initiatives to bolster spending in all tiers of the Nigerian economy as part of measures to boost growth and check the economy from sliding into another round of recession. The initiatives include the setting up of a N700 billion minimum revenue distributable target monthly by the three tiers of governments at the monthly Federation Accounts Allocation Committee (FAAC) meetings as well as the adoption of new and viable sources of income generation to enhance receipts and spending at all tiers of government. At the…

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Arik files N20b suit against FG, Ethiopian Airlines over proposed takeover

Owners and former management of Arik Air Limited have filed a N20 billion suit against the Federal Government and Ethiopian Airlines over the proposed takeover bid of the troubled airline. The Guardian learnt that suit was instituted at the Federal High Court, Lagos against Ethiopian Airlines, the Federal Ministry of Transportation and the Attorney General of the Federation. Ethiopian Airlines recently claimed to have submitted a formal bid to take charge of Arik Air, the leading local and flag carrier in Nigeria. However, Asset Management Corporation of Nigeria (AMCON), the…

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Adeboye sues for peace in FG, ASUU faceoff

The General Overseer of The Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, has urged the Federal government and the Academic Staff Union of Universities (ASUU) to resolve the ongoing impasse without further delay. He said the industrial action embarked upon by ASUU was caused by governments’ failure to address their demands, adding that the more the strike was prolonged, the more the economy and the development of the country suffer. He said this yesterday at the monthly thanksgiving service, where he celebrated the 50 years anniversary of…

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Osinbajo denies role in FG-ASUU face off

Vice President Yemi Osinbajo has denied leading the role in the Federal Government negotiations with the striking Academic Staff Union of Universities (ASUU). Osinbajo, in a statement signed by his Senior Special Assistant on Media and Publicity, Laolu Akande, clarified that the Minister of Labour and Employment, Dr. Chris Ngige, and his Education counterpart, Dr. Adamu Adamu, would continue to lead the FG-ASUU talks. The statement said earlier reports that Osinbajo had taken over the negotiations from Ngige was inaccurate, adding: “Media reports seemed to have misrepresented what Ngige meant when…

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FG will assist investors, Osinbajo assures UK ministers

Vice President Yemi Osinbajo yesterday assured that the Federal Government would continue to provide the enabling environment and necessary assistance to private investors in the country. Osinbajo gave the assurance when a delegation of UK ministers led by British Foreign Secretary, Boris Johnson, paid him a courtesy visit at the Presidential Villa. Also at the meeting were Foreign Affairs Minister, Geoffrey Onyeama and Budget and National Planning Minister, Senator Udoma Udo Udoma.The Vice President said the relationship between Nigeria and United Kingdom is very important, assuring that “the next few…

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