Connect with us

Economy

Lawan expresses optimism for robust Nigeria’s economy 

Published

on

Spread the love

Lawan expresses optimism for robust Nigeria’s economy

Nigeria is on the path of economic growth despite the prevailing economic hiccups President of the Senate, Ahmad Lawan has expressed the optimism.
Lawan spoke on Thursday at the Nigeria/International Monetary Fund(IMF) Article lV Consultation virtual exercise.This was contained in a statement issues by his media adviser Ola AwoniyiThe Senate President said the exercise was a “veritable platform to share our experiences on steering our economy on the path of growth, despite challenges.”
Lawan catalogued efforts being made by the Nigerian government at promoting economic growth and reducing poverty in the country.
He told the participants at the virtual exercise that Nigeria had to confront the challenge of limited resources, not just because of unpredictable revenue from Oil, but also because of the COVID-19 pandemic.
“The problems have made us improve our efforts in the prudent management of resources, and in transparency and accountability.
“Our focus has been on sustaining investments in infrastructure and utilities, trusting in their capacities to stimulate economic activities, enhance growth, and thereafter improve the people’s standard of living.
“Government has continued with its anti-corruption crusade, aside a pledge to ensure discipline in the public expenditure process.
“Our recent experiences call for further caution in the management of resources, just as it has been another reminder of the need to increase the drive for diversification.
“Beyond Oil, greater regard is now being paid to the steel, the mining and the agriculture sectors. The potentials in these sectors are significant for revenue generation, and for job creation. They are additionally valuable in the bid to engage critical sections of the population, especially the youth,” Lawan said.
The Senate President said the youth question had lately been at the centre of national conversation, flowing from the #EndSARS protests.
“We believe that the recent crisis we had in the form of youth protest has also given us an additional idea of how much we need to pay attention to the needs of the youths in the country.
“Government has ended SARS, and now taking steps towards improving social and economic needs of youth.
“One of such is the re-launch/flag off of the National Young Farmers Scheme (NYFS), by the President on 9th November 2020.
“Our youth have become much more involved, and require greater recognition, in terms of social and economic engagement.
“The government has been additionally charged to continue with policies that seek to integrate them into the scheme of things.
“In addition to NYFS is the National Youth Innovation Programme an initiative of the Federal Ministry of Youth and Sports Development which has capacity to generate 25 Billion annually over the next three years; among others.
“We prioritize implementation, to show a sustained commitment to policies and programmes,” Lawan said.
The Senate President said the National Assembly had been as responsive as possible in the provision of legislative support to people-oriented proposals.
“This is in line with our resolve to safeguard social, economic and political stability, through value-adding actions.
“We have similarly been focused on timing of processes like the annual budget, to make it more predictable, and organised.
“Presently, we are in the middle of resolving the long-standing Petroleum Industry Bill (PIB), consistent with our determination to pass Bills with caution and precision.
“We are sustaining this path of timeliness, to eliminate avoidable delays in the legislative and governance processes.
“Added to this is our commitment to our oversight functions, to ensure that implementation is in tandem with our economic vision.
“The goal of the administration is therefore hinged around a productive economy, a sustainable growth, and the reduction of poverty.
“We prepare our Budgets towards executing the National Plan for economic progress, for the good of the people. We are dedicated to this, and we welcome support, meant for their successes,” Lawan said.
The Senate President said the 2021 budget currently being processed by the National Assembly is aimed at addressing the prevailing challenges including unemployment.
“I believe we are on the right path. The budget estimates presented to us at the National Assembly have been designed in such a way that job opportunities will be created for more Nigerians to be engaged in productive activities,” Lawan said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

There must be peace for oil companies to move headquarters to Niger Delta, says Sylva

Published

on

By

Spread the love

There must be peace for oil companies to move headquarters to Niger Delta, says Sylva

The minister of State for Petroleum, chief Timipre Sylva has admonished the Niger Delta youths to work for peace in the region to make it possible for investors to come in, as well as for multinational oil companies to relocate their head offices to the region.
Sylva Spoke at the conferment of patronhood award on him by the Niger Delta non-violence Agitators Forum in Abuja recently.
“What I must say here is that the essence in the core of your organization is non violence and that is actually the essence of what we want in Nigeria. We must bring peace to the Niger Delta. It’s our duty to bring peace to the Niger Delta. “Sometimes we are worried that investment opportunities are not coming to the Niger Delta. But we must realize that it’s our activities that will determine whether these opportunities will come or not. 
“Right now, we are saying that oil companies must move their headquarters to the Niger Delta. But it’s our duty to ensure that the place is peaceful enough for the oil companies to move back there.”
He said, if the place is insecure, no oil company will agree to go there. “That is why this organization is really really very important in the Niger Delta.

“In the height of the militancy in the Niger Delta, I consulted my people and came up with a solution to restore peace in the region.”

Since then, he said he had been working and didn’t realize that his activities were being noticed and people even remember some of the occurrences at that time of the amnesty program.
He said the award will spur him on to do better, “You know sometimes as you work, you actually believe that what you are doing is a thankless job. But it’s good to know that actually it’s not that thankless but there are people who actually noticed. 
“Even If it is not everybody that thanks you, and  one person comes to thank you, it is enough.”And I really appreciate this award and I want to assure you, as a Niger Deltan, I will be going to work for you, going to work for the interest of Nigeria and in the interest of Niger Delta. 
“That’s why We must begin to also encourage those of you who are committed to making peace and only trying to assuage those who are making trouble. 
So I am really happy to be associated with this organization. 
“I will like to recommend that other organizations also emulate what you are doing and actually propagate the message of peace; because what we need in the Niger Delta more than anything else right now is peace and I believe that if there is peace in the Niger Delta there will be prosperity.

“No investor would want to operate from far if there is peace because it actually cost him more, operating from a distance. So for us, I believe that if we can bring peace to the Niger Delta, these investors will not talk much, the numbers will speak for themselves. 
“When they put the numbers together, they will realize that it is better for them to go and operate there. 
“But if you have not made  the place peaceful, they will put the numbers  together, and you know, the cost of insecurity is very high.
“So when they put the numbers together, they will prefer to stay far away and take your resources than to come to the area where they know they can not guarantee their security.
“So, it’s very important that we take this message of peace to our people, just as you have brought that message to me, and I want to assure you that from today, I will also be an advocate of the Niger Delta Non-violence Agitators Forum.”
Earlier, the President of the Niger Delta Non violence Agitators Forum (NDNAF) Comrade Wisdom Oniekpar Ikuli said the minister has done so much in terms of restoration of peace and stability in the hitherto volatile Niger Delta region and to the growth and development of the Nigerian State.

“Over a decade ago, some aggrieved Niger Deltans picked up arms against the Nigerian State. 
“While armed militancy actually started at the inception of our contemporary democracy in 1999, it climaxed during the late President Umaru Musa Yar’Adua administration.
“At a point, the militancy activities almost crippled the Nigerian economy. During the period under review, Nigeria’s OPEC crude oil production quota reduced from 2.4 million barrels per day to 1.2 million barrels and it was on a steady decline.
“While it was a great source of concern to all critical stakeholders coupled with the then worsening security situation, many could not proffer solutions to the then prevalent situation because of the dreaded and deadly dispositions of most of the militants.
“It was in the midst of this terrible situation that Your Excellency as the then Executive Governor of Bayelsa State took the greatest risk and boldest step to confront the hydra-headed monster that was threatening to consume everybody including the key actors.
“Your Excellency was ready to pay the supreme price when you left the comfort of the Creek Haven Government House to meet with angry and very dreaded militants in their camps. “Your Excellency moved from one camp to the other, begging and pleading with the Agitators to lay down their arms and embrace peace in the interest of national security and to save the dwindling Nigerian economy.
“You were aware of internal and external aggressors who were working round the clock to sabotage your genuine efforts, yet you decided to put your life on the line in your avowed quest to restore peace and stability to the Niger Delta. 
So, while you were hoping for the best, you were also prepared for the worst.

“It is on good record that through your unquantifiable sacrifices, over Thirty Thousand ex-combatants were disarmed and inducted into the Disarmament, Demobilization, Deradicalization and Reintegration (DDR) of the Presidential Amnesty Programme (PAP).
“Through the Presidential Amnesty Programme (PAP), thousands of youths who never had hope of access to education which is the bedrock of every human society, can now boast of university education. 
“Hundreds of youths have gotten Master degrees, a reasonable number have even gotten Doctorate degrees. Through this program which is your brain child, many youths have been trained as Commercial Pilots, Seafarers, Welders and other skills and trades that have made them self-reliant in the absence of white-collar jobs. 
“The Presidential Amnesty Programme (PAP) has changed the fortune of many Niger Deltans and this to a large extent has led to drastic reduction of crime and criminality in the region.”

Continue Reading

Economy

We will give Dangote Refinery all the necessary legal backing to succeed – Nasarawa Speaker

Published

on

By

Spread the love

We will give Dangote Refinery all the necessary legal backing to succeed – Nasarawa Speaker

By Umar Egbunu Muhammed, Lafia

Speaker of the Nasarawa State House of Assembly, Mr. Ibrahim Balarabe Abdullahi, has indicated that the House would give Dangote Sugar Refinery in the state all the necessary legislative backing and support to succeed.

This, the speaker said, is to enhance the economic and security status of the state considering the benefit of the Refinery in the overall development of the state and the country at large.

He gave the indication when he led other Principal Officers of the House on an on-the- spot assessment to Dangote Sugar Refinery, Tunga, Awe Local Government Area of the State on Saturday.

He explained that the visit was to see things for themselves and appreciate Alhaji Aliko Dangote, the President of Dangote Group for establishing the refinery in the state.

His words: “We appreciate Alhaji Aliko Dangote for this project in our state as it is a pride to Tunga, Nasarawa State, Nigeria and indeed Africa as a whole.

“The project will tackle unemployment thereby taking our unemployed youths and other persona off the streets.”

“It will also improve on the standard of living of the people of the state and Nigeria at large.

“Apart from the economic benefits, the project will also boost the security of the state because the thick forest serving as a hiding place for criminals would no longer be available, there would be no hidding place for them here Again, ” he added.

He commended Governor Abdullahi Sule for ensuring that the project is established in the state when he was the Managing Director of the Sugar refinery of Dangote Group.

“I also want to commend the host community, Tunga, Awe Local government for supporting the establishment of the refinery in their community and I call for their continued support to enable the project succeed.

The speaker assured of the kawmakers’ continued support for the activities of the  Dangote Group to succeed.

“We will protect the project and ensure  that all pending lands and boundary demarcation issues are addressed peacefully,

“I also appreciate the corporate social responsibility projects of the company to the host community which cut across school and health projects,water and scholarship among others,” he stated.

Earlier, Alhaji Bello Abdullahi Dan-Musa, the General Manager, Government and Strategic Relations, Dangote Industries Ltd who took his time to brief the Speaker on the company’s journey so far in the state appreciated the speaker and his entourage for the visit.

He said that the visit would further boost the relationship between the House and Dangote refinery.

The general manager expressed the determination of Dangote to continue to invest in Nigeria in order to tackle unemployment and uplift the standard of living of Nigerians.

The speaker and his entourage inspected equipments, centre pivot machine, pump station among other facilities in the site.

Continue Reading

Economy

Zigma Oil & Gas, Petroleum ministry advocate use of LPG, sensitize women on benefits, business opportunities

Published

on

By

Spread the love

Zigma oil& Gas, Petroleum ministry advocate use of LPG, sensitize women on benefits, business opportunities


From Aminci Audu


The Federal Ministry of Petroleum Resources, National Center for women Development and the Zigma Gas limited have sensitized the Nigerian women on the importance of liquifued Petroleum Gas, benefits and business opportunities therein.

This was coming just as the United Nations raised concerns that though the oil, gas and energy remains the key contributor to the growth of the Nigerian economy the sector is yet to create opportunity for shared growth, create decent jobs and reduce poverty on a large scale especially for women.

The event which was the official launch of the Nigerian Women for Liquefied Petroleum Gas (LPG) project in Abuja over the weekend was aimed at among other things to discourage Nigerian women from using firewood in the near future. 

It also aims to bring economic prosperity to the womenfolk who are the greatest users of the product by involving them in the business chain of distribution of LPG.In a presentation, by Adesina Olaitan on the LPG framework by the ministry of petroleum the first objective he said is for environmental preservation.

He painted a gloomy picture indicating how out of about five cities in Africa, that are heavily polluted, Nigeria has four. 

“That is to tell you why this is very important and you can see Onitsha, Umahia, Abeokuta, Kaduna. This is why it is important to us, there is desertification which is about 3.5% on an annual bases.’Green House emission which is about 200million turns per annum.

This is part of the program to see how we can curb it, since 87% of the population rely on Kerosene.

The ministry projected that it would encourage over 40million households in Nigeria to have access to cooking gas in the next 24 months. 

It indicated that the launch is very important to the health of everybody as it will help to eliminate over 95000 deaths annually which is attributed to firewood. 

“This gas LPG will be all over Nigeria it would be a wonderful revolution. Our women can now be part of oil and gas business.On it’s part the managing director of Zigma Gas, Funmi Ogbue said rural women in Nigeria often cook with infants strapped on their back, exposing both to toxic fumes.

“The risk of developing emphysema is even higher than for people who smoke. Half of those who die are children younger than five.

“She said, Kerosene Stoves are the cause of the loss of many urban homes and deaths as the purchase of contaminated kerosene lead to explosion of the stove and in many instances the release of poisonous fumes.

According to her, the use of LPG will bring benefit to the economy Making LPG accessible to Nigerians, Creation of more jobs for Nigerians and addition of value to the Nations GDP.

Other benefits according to her is in Technical Capacity Building for Artisans and Industry Stakeholders, Contributing to the saving of over $1bn per annum in kerosene Subsidy and Saving of the country’s forest resources.

She described LPG as being versatile, clean and low on greenhouse gas emissions.”LPG is an ideal fuel for cooking and heating.

It is odorless and burns cleanly, producing no smoke or fumes beyond ordinary combustion gases (water, carbon dioxide and carbon monoxide).

“LPG is your green choice With LPG, you have the comfort of knowing it has low greenhouse gas emissions and is an environmentally positive fuel choice.

“By using LPG, we can help ensure Nigeria meets its commitments to the Kyoto climate change agreement.”

The United Nations Resident and Humanitarian Coordinator Edward Kallon said available statistics suggest that there are fewer women working in the oil and gas value chain than almost any other major industry and accounting for less than one quarter of employees in the sector world wide.

“This figure grows smaller the higher you go up the business ladder. “I am pleased to join you at this event today and to speak on behalf of the United Nations family in Nigeria. 


“At the center of the Sustainable Development Goals for 2030 is Goal 5: Achieve gender equality and empower all women and girls. “Goal 5 is that fine thread that weave together the 17 SDGs and includes measures relevant to the oil and gas sector to Contribute in ending all discrimination against women and girls; Recognize and value unpaid care and domestic work through the provision of infrastructure;  Ensure women’s effective participation and equal Opportunities, and enhance the use of enabling technologies. 
He observed that in Nigeria, many women are still heavily dependent on wood fuel to perform their traditional roles, including cooking and income generating activities, which are highly fuel intensive. 

“Modem fuel sources; such as LPG can therefore save time and improve productivity in many of these fuel and labor intensive enterprises and protect women from the health hazards associated with the use of wood fuel. 

“The distribution of LPG represents an important employment sector with growth potential to support the development and expansion of women entrepreneurship in the the sector. 


“The establishment of a dedicated and inclusive programmes such as the one we are launching here today is crucial in enhancing women’s participation in the LPG space. “I would like to take this opportunity to congratulate the National Centre for Women Development, and Zigma Gas Limited for this initiative. 


“I am also calling on the Government and other relevant actors to drive non~ discriminatory employment practices, increase access to capacity building and financing initiatives, and engage women in community consultations and decision~making positions and equip them to actively participate in and benefit from the economic potential within the various LPG value chains.”

Continue Reading

Trending