Author: kayode amuda

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Nigerians Should N750 Per Litre of Petrol – World Bank

The World Bank has said Nigerians should pay around N750 per litre more than the N650 per litre currently being paid by Nigerians.
According to WB, the shortage means the Federal Government may still be paying for fuel subsidy as fuel prices are currently not cost-reflective in the country.
The bank’s Lead Economist for Nigeria, Alex Sienaert, revealed this during his presentation of the Nigeria Development Update, December 2023 edition titled, ‘Turning The Corner (from reforms and renewed hope, to results) on Wednesday in Abuja.
During the event, which is hybrid, he noted that based on the official exchange rate today, fuel should cost N750/litre.
He said, “It does seem like petrol prices are not fully adjusting to market conditions so that hints at the partial return of the subsidy, if we estimate what is the cost reflective of retail PMS price of the would-be and assuming that importation is done at the official FX rate.
 
“Of course, the liberalisation is happening with the parallel rates, which is the main supplier, the price would be even higher. These are just estimates to give you a sense of what cost-reflective pricing most likely looks like.
 
“We think the price of petrol should be around N750 per litre more than the N650 per litre currently paid by Nigerians.”
He highlighted that the bank is recommending to the government to take additional measures with its bold reforms to secure the benefits from having taken those decisions.
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Peter Obi Celebrates Aisha Yesufu On Her 50th Birthday

Mr Peter Obi, the  2023 presidential candidate of the Labour Party is celebrating activist, Aisha Yesufu, as she turns 50.

Obi in a personally signed statement released via his account on the X platform, described Yesufu as an exemplary individual who is committed to the realization of a better Nigeria.

The former Anambra State Governor stated that Yesufu has consistently made sacrifices and worked hard towards realizing a better Nigeria.

He prayed for God’s blessings upon her and her family always.

Obi wrote: “On behalf of my family, and the Obidient family, I wish to most sincerely congratulate my very dear sister @AishaYesufu today on her birthday anniversary.

“May God Almighty who had been with her all these years and sees her goodness grant her many more healthy, fruitful and happy years. She remains an exemplary Nigerian who is truly committed to a better Nigeria, and consistently sacrificed and worked hard for that purpose.

“God Almighty bless you, and your family always.”

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You Be Fool – Odumodublvck Tells Davido For Calling Dele Momodu His Boy

Nigerian rapper, Odumodublvck has said one of the hardest lyrics he has ever come across was the one Grammy-nominated artiste, Davido called his in-law, Dele Momodu his ‘boy.’
He took to his Twitter page to make the revelation.
Recall that a song released by Falz some years ago titled ‘Bahd Baddo Baddest’, featuring Davido and Olamide, the DMW boss slammed the uncle of his baby mama, Mr Dele Momodu.
He even went further to call the Ovation founder ‘his boy’.
Reacting, Odumodu wrote:
“MR DELE NA MY BOY. DELE NA MY BOY. IS ONE OF THE HARDEST LYRIC I HAVE EVER HEARDDDDD. @davido YOU BE FOOOOOL 😂😂😂😂🔥🔥🔥🔥🔥😭😭😭😭. SO SIMPLE BUT HARDDD.”
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Drogba Applauds Osimhen, Oshoala On CAF 2023 Awards

Didier Drogba, a former Chelsea player, has hailed Victor Osimhen and Asisat Oshoala.

He extended his congratulations to Osimhen and Oshoala for their triumph at the Confederation of African Football Awards 2023.

Drogba made this known on his Instagram page on Tuesday, December 12.

He wrote: “Long live the new King and Queen of Africa @victorosimhen9 @asisat_oshoala @caf_online

Congratulations my Nigerian People, we are waiting for you in January @afcon_2023″

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JAMB Introduces Verbal Reasoning Test For Direct Entry Applicants

Beginning in 2024, candidates for the Joint Admissions and Matriculation Board (JAMB) Direct Entry examination will undergo cognitive and verbal reasoning tests, according to the board.

This was revealed by JAMB Registrar, Prof Is-haq Oloyede, during a virtual meeting with the commissioners of education in the 36 states and the Federal Capital Territory.

A special bulletin released by the Board on Monday quoted him as saying, “As from 2024, JAMB will conduct Aptitude Test for all Direct Entry candidates to assess their academic potential or career suitability, as well as their mental or physical capacity.

“It is an intelligent test that will measure the candidate’s current cognitive skills and will not be the usual subjects such as Mathematics, Chemistry, Government, or Physics.”

The aptitude test would include verbal, abstract, mechanical and numerical reasoning, data checking and work sampling, according to the registrar.

The participants were also informed by the registrar that “only JAMB offices nationwide will be able to register for the Direct Entry”.

He said all DE candidates would have to provide the following at the time of registration: Registration/Matriculation Number of the previous school attended; subject of qualification; awarding institution; institution attended; year of graduation as well as admission letter, where necessary.

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How Ex-CBN Governor, Emefiele’s Naira Redesign Policy Made Farmers Bankrupt – FG

President Jonathan administration, are alleged to be concession for N20million each.

The Minister however in his response , assured the lawmakers that all issues raised are being addressed and would be decisively addressed in the 2024 fiscal year.

Kyari said food security is the number one out of the 8- point agenda of President Bola Tinubu administration and that the Ministry has repositioned it self for actualization of the agenda.

According to him , some of the action plans already being implemented to ensure food security in the country aside securing of the farmlands by security agencies are ”certification of available planting materials for some food security crops in readiness for dry season farming.

“Reviewing the mechanisms and processes for delivering fertilizers and agro pesticides input to farmers under a transparent and accountable regime.

“Fast-track the take off and operations of the National Agricultural Development fund.

“Implement  a joint action    plan with the Federal Ministry of Water Resources to unlock the huge irrigation potentials of the River Basins Development Authorities and other flood plains in the country to guarantee all year round food production etc.”

He earlier in his submission told the committee members that for the 2024 fiscal year, a total of N362.940billion was earmarked for the sector out of which n124.1billion is for the Ministry.

The breakdown of the N124.1billion according to him, shows that N10.6billion is for personnel cost, N1.34billion for overhead and N112.497billion for capital expenditure

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Tinubu Directs Ondo Assembly to Transfer Power to Deputy Governor, Aiyedatiwa

Nigeria’s President Bola Tinubu has ordered the Ondo State House of Assembly, to transfer power to deputy governor Lucky Aiyedatiwa
This is according to a report by The Nation.
The report alleged that Tinubu made this known at a meeting he summoned to resolve the leadership crisis in Ondo on Monday
The President emphasized that this transfer should be conducted without any conditions, as it aligns with the “Doctrine of Necessity.”
The Nation learnt the transfer of power will be done by electronic signature (e-signature) as the ailing governor is too weak to sign any document.
This decision allows Governor Akeredolu to take a medical leave, ensuring his well-being.
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BREAKING: Akeredolu Begins Another Medical Leave

Ondo state governor, Oluwarotimi Akeredolu will commence another medical leave on Wednesday, December 13.
This is according to his Chief Press Secretary, Richard Olatunde.
He said the governor would prioritise his health and ensure a full recovery before resuming official duties.
It said a formal letter regarding the medical leave and a notice formally transferring power in line with the Nigerian Constitution would be transmitted to the House of Assembly.
The statement read: “In the absence of Governor Akeredolu, the Deputy Governor, Hon. Lucky Orimisan Aiyedatiwa, will assume the responsibilities of the Governor in acting capacity.
 
“Governor Akeredolu expresses his gratitude for the unwavering support and affection of the people of Ondo State. He assures them that his administration remains committed to the path of progress and prosperity for the people.
 
“As a Senior Advocate of Nigeria and a widely respected Nigerian, Governor Akeredolu has consistently delegated power to his deputy during his annual vacations. This practice was observed on April 1, 2021, April 1, 2022, April 3, 2023, and July 10, 2023, when he embarked on previous vacations.”
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Peter Obi Visits Kaduna Airstrike Victims, Demands Iinvestigation

Peter Obi, the Labour Party’s presidential candidate during the 2023 general election has demanded for investigation after a drone attack by the military killed innocent villagers in Kaduna State.
Obi made the plea following the recent ‘unintentional’ military airstrike at Tudun Biri village in the Igabi Local Government Area of Kaduna State.
The former governor of Anambra paid a visit to the victims on Tuesday, December 12, at Barau Dikko Teaching Hospital.
According to him, there has been sixteen unintentional military bombs in the nation so far, resulting in the deaths of over 500 people.
He added that the federal government has done nothing to stop these disasters from happening again.
To forestall future occurence, the former governor urged the government to assist the armed forces.
Obi pointed out that addressing the current and future security threats facing the country requires sufficient resources for the armed forces.
He was in favour of the establishment of a foundation to provide for the victims of the Tudun Biri drone assault, especially those who have been left orphaned by the event, and he also backed requests for a probe into the military air strike.
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Wizkid’s Plan To Donate N100 million To Kids A Misplaced Priority – Daniel Regha

Controversial Twitter personality, Daniel Regha has frowned at Grammy award-winning Nigerian superstar singer, Wizkid’s plan to give N100m to children.
Regha said the singer should rather use the money for other ventures that will be more beneficial to the society.
In a Twitter post, he wrote:
“Wizkid promising to gift children a N100m for Christmas is a m!splaced priority, since he’s yet to fulfil his old pledge of building schools across Africa; If he wishes to celebrate with kids this festive season that’s OK, but nät with a N100m. That money should be channeled into a long-term project, like building a free school to give education to poor children. No offense.”
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