Health workers shelve threatened strike
Workers in the health sector, under the aegis of Joint Health Sector Union (JOHESU), have announced the suspension of their planned work-to-rule billed to begin on Wednesday.
JOHESU had given the Federal Government a two-week ultimatum to address some contentious issues affecting the sector, failure which it threatened that it would call its members out on another regime of strike. Read more
‘No Automatic Ticket For Anybody In Kaduna PDP’
The Kaduna State chapter of the Peoples Democratic Party (PDP) yesterday assured all aspirants that the party will ensure free and fair primaries ahead of the February 2015 elections.
The Chairman of the party in the state, Chief Abubakar Gaiya Haruna, insisted that there will never be automatic tickets for people seeking elective offices. Read more
Nigeria loses trillions of Naira to erosion, begins implementation of N19bn rescue mission
With the N19 billion Nigerian Erosion and Watershed Management Project (NEWMAP) scheduled to kick off this month, growing concerns surrounding the proper execution of the program as well as the devastating yet sustained impact of erosion on host communities have arisen.
The project which will be funded by the federal government in partnership with arms of the World Bank namely the International Development Association (IDA) , the Global Environment Facility (GEF) and the Special Climate Change Fund (SCCF) was set up in response to calls to address the wide spread gully erosion ravaging communities across the country. Read more
Death Toll Rises In Plateau Attacks, As Gulak’s Father Dies In Madagali
Reports from Madagali local government area of Adamawa State, one of the local governments currently under the siege of Boko Haram insurgents, indicated that the father of immediate Special Adviser to President Goodluck Jonathan on Political Matters, Barrister A. A. Gulak, Alhaji Ali Gilari, who was trapped in the town, has died.
The Boko Haram insurgents had for close to a month laid siege on many towns and villages of Adamawa State and were allegedly operating the full version of Islamic law in the areas they captured. Read more
$1bn security loan: Agbakoba hails lawmakers, scores military high
Former President of the Nigerian Bar Association (NBA), Olisa Agbakoba (SAN), has lauded the approval by the National Assembly of President Goodluck Jonathan’s request to borrow $1 billion for security purpodses, saying it was a welcome development because the country’s Military needs the money to adequately tackle current security threat posed by the Islamist sect, Boko Haram in the North eastern part of the country.
President Jonathan had written to the National Assembly shortly before its annual recess in July, requesting an external loan of $1billion to tackle security challenges in the northeast. The request had sparked controversy, particular from opposition legislators who at the time argued that the deployment of previous huge budgets of the Ministry of Defence had not been justified. Read more
Lagos is Maintaining High Financial Prudence
Lagos State Commissioner for Finance, Ayo Gbeleyi, has said the state government has continued to demonstrate a high level of fiscal prudence in its aggressive drive for infrastructure and urban renewal projects, making the state to be financially independent in spite of the imperfections in the fiscal federalism as is currently being practised in Nigeria.
The Commissioner, who stated this at the 2014 Accountants’ retreat, noted that the need to build a new Lagos that would meet its status as the economic hub of Africa placed enormous responsibilities on the state government to be proactive and double its efforts at urban renewal and infrastructure development, adding that the state had, in the last 7 years, become a massive construction zone and the cynosure of all eyes in Nigeria and the West African region for various development projects embarked upon in the state. Read more
Delta 2015: Race to Government House Enters Crucial Stage
With less than five months to the governorship election in Delta State, the leading aspirants are deploying all strategies at their disposal to win the right to succeed Governor Emmanuel Uduaghan. Victor Efeizomor writes
Since the ruling Peoples Democratic Party announced the October 29 date for its governorship primaries the political atmosphere in Delta State has witnessed great activity as political gladiators strategise on how to win power. The aspirants jostling to occupy Government House, Asaba, come 2015 have intensified their efforts with fierce and open campaigns. Read more
The Quiet Trial of Boko Haram Members
Three Boko Haram members were last week sentenced to 25 years imprisonment each in Lagos. Both the sentencing and the trial were conducted in secret to protect witnesses in the case. Ali Mohammed, Adamu Karumi, and Ibrahim Usman were convicted by Justice Ibrahim Buba based on an 18-count charge bordering on conspiracy to commit terrorism, illegal possession of firearms, and being members of a proscribed organization. Read more
Sabinews News Update on Economy
FG commences distribution of 230,000 bags of fertiliser
Rural farmers across the nation will benefit from over 230,000 bags of fertilizers, the federal government has announced.
The distribution has already commenced in different states. Read more
‘Annual revenue from food valued at over N200billion’
From the President of the Association of Fast Food Confectioners of Nigeria (AFFCON), Mrs Bose Ayeni, has come a clarion call: prospective investors should gird up theirs loins as they stand to benefit a lot from Nigeria’s economy because it’s a goldmine that is waiting to be tapped.
Mrs. Ayeni made this call at the press conference held in Lagos to announce the second annual national conference of AFFCON in Lagos, scheduled for October 10. Read more
FAAC allocates N1.17tn to SURE-P
The Federation Accounts Allocation Committee allocated a total sum of N1.17trn to federal and state governments for the implementation of the Subsidy Reinvestment and Empowerment Programme between January 2012 and September 2014.
Investigations by our correspondent showed that on a monthly basis, N35.549bn was deducted from the gross collectible revenue by FAAC and paid into the SURE-P account domiciled with the Central Bank of Nigeria. Read more
Wema Facilitates $150m Foreign Trade Finance
Wema Bank Plc said it has attracted over $150 million lines of credit and structured finance for foreign trade into the country from various institutions.
The managing director and chief executive of the bank, Segun Oloketuyi while speaking at a forum in Lagos on trade and structured finance for stakeholders tagged: “Supporting Businesses Through Renewed Trade Focus”, said the bank has facilitated over $100 million in lines of credit and $50 million in structured finance lines for foreign trade. Read more
Sabinews News Update on Oil and Gas
Minister reassures Nigerians of uninterrupted petroleum supply
In a bid to ensure that Nigerians carry out their daily activities without hindrances throughout the rest of the year and beyond, the Federal Government and Ministry of Petroleum Resources, through the Petroleum Products Pricing Regulatory Agency (PPPRA), have concluded plans to guarantee constant supply of Premium Motor Spirit (PMS), otherwise known as petrol, in the country.
Farouk Ahmed, executive secretary, PPPRA, who disclosed this in his review of the agency’s activities for the year, said Nigerian consumers have been experiencing improved and constant availability of PMS across the nation during the year. Read more
14 Legal Cases Stalled ExxonMobil Special Projects in A’Ibom
Governor Godswill Akpabio of Akwa Ibom State has expressed concern over fourteen legal cases instituted against American oil giant, ExxonMobil by the host communities.
The governor made his feelings when the Chairman/Managing and Lead Country Manager of ExxonMobil Companies in Nigeria, Mr. Nolan O’Neal, visited him in Government House, Uyo. Read more
Bulgaria Elects New Parliament
Bulgarians are voting in a parliamentary election hoping a new government will end the political stalemate, revive the economy, solve a severe banking crisis, and find ways to ease Moscow’s grip on the country’s energy supplies.
Opinion surveys predict the biggest vote winner will be the center-right GERB party led by a former prime minister, Boyko Borisov, but it will fall short of a majority. Read more
Brazilians Vote in Election Full of Surprises
The twists and turns in Brazil’s presidential race end Sunday, at least for a few hours, as millions of Brazilians cast ballots in an election expected to force a three-week runoff campaign between incumbent Dilma Rousseff and one of her two top challengers.
Rousseff held a commanding lead in all recent opinion polls, with her support rising to 46 percent in a survey released Saturday. But it was thought unlikely she could push through to win the absolute majority required to avoid a second-round election. Read more
Intense hurricane Simon is forecast to strike Mexico
Intense hurricane Simon is forecast to strike Mexico as a tropical storm at about 08:00 GMT on 8 October. Data supplied by the US Navy and Air Force Joint Typhoon Warning Center suggest that the point of landfall will be near 27.5 N, 115.6 W. Simon is expected to bring 1-minute maximum sustained winds to the region of around 74 km/h (46 mph). Wind gusts in the area may be considerably higher. Read more
Haiti dictator Jean-Claude Duvalier dies aged 63
Former Haitian dictator Jean-Claude Duvalier, known as “Baby Doc”, died of a heart attack yesterday aged 63.
The self-proclaimed “president for life” of Haiti, whose corrupt and brutal regime sparked a popular uprising that sent him into a 25-year exile, died at his Port-au-Prince home yesterday.
He inherited power from his father in 1971, aged 19, but Duvalier fled into exile in 1986 after a popular uprising. Read more
Hong Kong: Protests take violent turn
More than 1,000 rival protesters, some wearing helmets, faced off in a tough district of Hong Kong yesterday, fuelling concerns that the Chinese-controlled city’s worst unrest in decades could take a more violent turn.
After a night of trouble which resulted in 19 arrests, supporters of the city’s pro- Beijing government rallied next to pro-democracy protesters in Mong Kok, a working-class neighbourhood near the popular shopping district of Tsim Tsa Shui. Read more
Sabinews News Update on Energy
N213bn CBN Facility: Repositioning The Electricity Market For Sustainable Growth
Following the succesful completion of the privatisation of the Power Holding Company of Nigeria (PHCN), the electricity industry was left in financial deficit incurred from the long years of inefficient government management of the sector.
Since the debt could not be passed on to the new private owners, who have been under pressure from electricity consumers nationwide, to improve the various networks they took over, finding an alternative measure to address the debt challenge became imperative. Read more
Nigeria Tackles Power Challenge Head-on With 118 Projects
The latest from the Nigerian Electricity Regulatory Commission (NERC) is a disclosure suggesting that the Federal Government has already initiated 118 power projects across the country in order to further bridge the appalling gaps in power supply, gaps that have been a part of Nigeria’s story for the better part of its existence.
This disclosure was made when the NERC Chairman, Dr Sam Amadi, spoke at a recent breakfast meeting organized by the Nigeria-British Chamber of Commerce (NBCC) and themed “Nigeria Power Sector: The New Frontier.” After urging Nigerians to be a bit more patient and allow for the completion of the projects, he advised investors to take more seriously the prospects available in Nigeria’s power sector, a sector which, according to him, is projected to grow from last year’s N620 billion ($3.9 billion) to over N1 Trillion ($6.3 billion) in 2016. Read more
Sabinews News Update on Sports
Nigerian Humbled at President’s Cup in Zambia
Nigeria failed to sparkle at the maiden edition of the Africa Golf Confederation President’s Cup which holed out on Friday at Nkana Golf Club, Kitwe, Zambia by finishing last in the eight-nation tournament.
Promising starlets, Jeff Inalegwu, from Otukpo Golf Club and Monday Eze from Ikoyi Club 1938, both category one players, were among the 31 players at the 72-hole amateur stroke-play event. Read more