Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Friday, October 7, 2016

Bring Peace to Niger Delta Region and restore the oil production target of 2.2 million barrels per day - NASS Tells PMB


The National Assembly has called on President Muhammadu Buhari to engage in meaningful and inclusive dialogue with the aggrieved Niger Delta militants to avoid an escalation of the militancy in the region.



The National assembly agreed that the government needs to ensure the protection of the nation’s oil and gas assets to facilitate increase in oil production and boost revenue therefrom.


The House, in the motion, also adopted the 25 point resolutions of the Senate adhoc committee on the ‘state of economy’ on September 27, 2016.

The House said: “Government must engage in meaningful and inclusive dialogue with the aggrieved Niger Delta militants to avoid an escalation of the unrest in the region and ensure protection of our nation’s oil and gas assets to facilitate increase in oil production and boost revenue therefrom.  “To this end, we advise Mr. President to, as a matter of urgency, raise a team that should coordinate the government’s engagement with all stakeholders in the Niger Delta region and the team should include the elected representatives from the zone.”

The National Assembly also advised the fiscal and monetary authorities to meet a view to harmonising all policies that lower interest rates for genuine investors in the real sector as well as medium and small scale farmers and processors. The NASS advised the government to restore the oil production target of 2.2 million barrels per day in order to shore up our foreign reserves. It said peaceful means should be immediately crafted and adopted to stop the vandalisation of petroleum and gas assets in the Niger Delta region.

Wednesday, October 5, 2016

House of Reps Members share between N10m and N20m every month - Jibrin


A fresh allegation by the suspended former chairman, committee of representatives committee on appropriations, has unsettled lawmakers.



According to The Punch, investigations showed that some members were agitated by the development on Tuesday, October 4, forcing them to discuss it among themselves on the floor.


Jibrin had said on Sunday that members paid themselves up to N20m monthly, an amount that was way beyond their official N1m salary. “Between Sunday and this morning (Tuesday), members were bombarded with calls from people, mainly from their constituencies.

 “Some rained abuses on them, while others demanded their share of the money. “They accuse lawmakers of deceiving them that they have no money, but are angry that they allegedly share between N10m and N20m every month,”one senior legislative official informed newsmen. Findings indicated that most members were “alarmed” over Jibrin’s fresh figures as they denied collecting such monthly funds.


 A former Deputy Chairman, House Committee on Sports, Mrs. Ayo Omidiran, who could not contain her anger, raised a point of privilege, seeking for the matter to be discussed immediately. Although, Omidiran, a member of the All Progressives Congress from Osun State, did not mention Jibrin’s allegations when she raised her point of order, she made it clear that her privilege had been breached and called for an executive session.

“I am calling for an executive session; let us have an executive session now,” she told the Speaker, Mr Yakubu Dogara, after the floor was yielded to her.


 But Dogara overruled her on the grounds that the procedure she adopted to call for an executive session was “strange” to the rules of the House. Dogara invited Omidiran to approach the chair to discuss her agitation privately. She reluctantly went to meet Dogara where she was seen gesticulating angrily. One source stated,

“She had been taken to task earlier on social media over the N10m claim by Jibrin. “She is angry because her denial did not convince her followers. That was why she wanted the matter discussed.”



Source : Punch.ng

What Recession !! Zahra Buhari Pictured Wearing 210,000 Naira worth of Ear-Rings


In a time when the citizens of the country are crying for the bad economic recession, the President's daughter has repeatedly been spotted wearing expensive jewellry.



Recall her mum, Aisha, was seen carrying a 40 million naira bag.


Wow , so Lucky, she probably got these long before the  recession began

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