Connect with us

News

ISI-UZO SHOULD PRODUCE THE NEXT GOVERNOR OF ENUGU STATE – OKWESILIEZE NWODO

Published

on

Dr. Okwesilieze Nwodo addressing the PDP rally at Ikolo, Igbo-Etiti local Government area

The former governor of old Enugu state, Dr. Okwesilieze Nwodo has said Isi-Uzo local government should be supported to produce the next governor of Enugu State come 2023.

Nwodo who spoke at the PDP state rally held at Ikolo, in Igbo-Etiti local government area, with Governor Ifeanyi Ugwuanyi in attendance, said Isi-Uzo was the right place to go considering the way things have been in the state with regards to power rotation and zoning of the governorship position.

According to Nwodo, this rotation has made it the turn of Enugu East Senatorial zone, and of all the local government areas in the zone, Isi-Uzo was the one all the indices used for assessment favours.

Dr. Okwesilieze Nwodo (right) welcoming the governor of Enugu state His Excellency Rt. (Hon) Dr. Lawrence Ifeanyi Ugwuanyi (left) at the rally in Igbo-Etiti

He said, “your Excellency, we want to say that as the clamour for who should succeed you gets louder, I wish to make clear what is my mind which is also the mind of our people, and indeed every Nsukka person. This is that the next governor of Enugu state should come from Isi-Uzo local government area!”

This immediately elicited a loud cheer from the crowd to which Nwodo said, “your Excellency, from the reactions of the people, you can see that is what they want.”

Dr. Okwesilieze Nwodo of recent has also been speaking about the need for all the other parts of Nigeria to support the South East to produce the next president. He said this was the right thing to do considering the long marginalization the region had suffered despite supporting others who had produced the president in the past.

Dr Nwodo argued that apart from being the proper thing to do, it would also help to dispel the wide-held believe that there was a conspiracy against the Igbo in Nigeria, which had been behind the secessionist agitation he said a Nigeria president of Igbo extraction would go a long way to dousing

Photos: Ogechukwu Ozoemana

For news and events coverage, photo features, contributions and adverts contact us via:
Phone: +2348029115783
WhatsApp: +2347037611903
Follow us via:
Facebook: @Words and Shots
Instagram: @words_and_shots
Twitter: @wordsandshots

News

GDP SOFTENS AT 3.11%, NON-OIL SECTOR REMAINS GROWTH DRIVER

Published

on

GDP Statistics

THE National Bureau of Statistics, NBS, has said that the nation’s economy as measured by the   Gross Domestic Product, GDP, grew   by 3.11%, year on year, YoY, in the first quarter of the year (Q1’22), from 0.51% recorded in the corresponding period in 2021 (Q1’21).

The Q1’22 growth rate was, however, 0.87 percentage points lower than the 3.98 per cent recorded in the previous Q4’21. 

The growth in Q1’22 was driven by the Non Oil sector which expanded by 6.08 per cent YoY in Q1’22, as against the 26.04 per cent YoY contraction recorded by the Oil Sector in the same quarter. 

In its   Nigerian Gross Domestic Product Report (Q1 2022) report released yesterday, NBS stated: “The Q1 2022 growth rate was higher than the 0.51% growth rate recorded in Q1 2021 by 2.60% points and lower than 3.98% recorded in Q4 2021 by 0.88% points.

“In the quarter under review, aggregate GDP stood at N45,317,823.33 million in nominal terms. This performance is higher when compared to the first quarter of 2021 which recorded aggregate GDP of N40,014,482.74 million, indicating a year-on-year nominal growth rate of 13.25%”. 

Oil sector contraction persists

NBS further stated: “Real growth of the oil sector was –26.04% (year-on-year) in Q1 2022 indicating a decrease of 23.83% points relative to the rate recorded in the corresponding quarter of 2021. Growth decreased by 17.99% points when compared to Q4 2021 which was –8.06%.

“Quarter-on-Quarter, the oil sector recorded a growth rate of 9.11% in Q1 2022. The Oil sector contributed 6.63% to the total real GDP in Q1 2022, down from the figures recorded in the corresponding period of 2021 and up compared to the preceding quarter, where it contributed 9.25% and 5.19% respectively.”

Non-Oil strengthens further

On non-oil sector, NBS said, “The non-oil sector grew by 6.08% in real terms during the reference quarter (Q1 2022). This rate was higher by 5.28% points compared to the rate recorded in the same quarter of 2021 and 1.34% points higher than the fourth quarter of 2021. “This sector was driven in the first quarter 2022 mainly by Information and Communication (Telecommunication); Trade; Financial and Insurance (Financial Institutions); Agriculture (Crop Production); and Manufacturing (Food, Beverage & Tobacco), accounting for positive GDP growth.”

VANGUARD

For news and events coverage, photo features, contributions and adverts contact us via:
Phone: +2348029115783
WhatsApp: +2347037611903
Follow us via:
Facebook: @Words and Shots
Instagram: @words_and_shots
Twitter: @wordsandshots
Continue Reading

News

FG TO COMPLETE GAS, REFINERY INFRASTRUCTURE PROJECTS BEFORE 2023

Published

on

The Federal Government, through the Ministry of State for Petroleum Resources, says it is working hard to complete various gas refinery projects on the back of the decade of gas initiative before the end of this year.

This was even as the Nigerian Content Development and Monitoring Board (NCDMB) revealed that it will sign another agreement this month to build another LPG vessel that will transport products within Nigeria given the expansion that is currently going on in the NLNG.

Speaking to Daily Sun on the sidelines of the Nigerian Content Midstream-Downstream Oil and Gas 2022 summit which held in Lagos on Monday, the Honourable Minister of State for Petroleum Resources, Timipre Sylva, said the theme of the summit tagged “Maximizing potentials in the Mid and Downstream Oil and Gas sector – a local content perspective” is timely and apt and comes at a time the Nigerian Oil and Gas industry is exploring the opportunities and potentials associated with the mid and downstream sectors. While commending the NCDMB for taking the driving seat in articulating an agenda for actualizing the full potential and prospects of the massive investments in the industry, Sylva noted that the under the decade of gas initiative, gas has been declared a transition fuel towards our actualization of a net zero carbon emission target and the country must find way to unlock the natural gas and domestic production potential of Nigeria and drag millions of its people out of energy poverty.

He also revealed that the implementation of the Petroleum Industry Act (PIA) is progressing very nicely, adding that this has brought a lot more appetite for investment in Nigeria.

When quizzed on the timeline of the projects the government is working on, Sylva said, “We are working on the Trans-Saharan gas pipeline, the AKK Gas pipeline project is also advanced and there are a lot of projects that are actually scheduled to be completed by the end of this year. 

Walter Smith refinery has already been completed while the DuPont refinery and Atlantic refineries are billed to be completed this year.The brass petroleum product depot also should be completed this year as well as a lot of other projects that are designed to be completed this year”.

Corroborating Sylva, the Executive Secretary, NCDMB, Engr Simbi Wabote, said that with the World gas conference holding this week in South Korea, one of the key highlights of the event will be a signing of an agreement to construct second LPG vessels.

SUN

For news and events coverage, photo features, contributions and adverts contact us via:
Phone: +2348029115783
WhatsApp: +2347037611903
Follow us via:
Facebook: @Words and Shots
Instagram: @words_and_shots
Twitter: @wordsandshots
Continue Reading

News

N23.3BN FRAUD: DASUKI’S CASE BEGINS AFRESH AFTER SEVEN YEARS

Published

on

Sambo Dasuki

The N23.3bn fraud case involving a former National Security Adviser, Sambo Dasuki, on Monday started afresh nearly seven years after he was first arraigned.

Dasuki was first arraigned on December 14, 2015 before Justice Peter Affen of the Federal Capital Territory High Court but he was later elevated to the Court of Appeal, forcing the trial to begin afresh.

The case was subsequently re-assigned to Justice Baba Yusuf.

However, it was learnt that after Justice Yusuf was appointed as the Chief Judge of the FCT, he again assigned the case to Justice Yusuf Halilu.

On Monday, the Economic and Financial Crimes Commission arraigned Dasuki along with a former Sokoto State Governor, Attahiru Bafarawa; his son Sagir Bafarawa; their company, Dalhatu Investment Limited; and a former Minister of State for Finance, Bashir Yuguda, on corruption charges.

They were re-arraigned on allegations of breach of trust and criminal misappropriation of public funds amounting to N23.3bn

The EFCC, which slammed 25 counts against Dasuki, Bafarawa and Yuguda, accused them of diverting various sums in various currencies to different bank accounts under the false pretence of using the funds for the procurement of security equipment.

When the charges were read to them, all the accused persons pleaded not guilty.

The trial of Dasuki follows an investigation by the EFCC into allegations that he diverted $2.1bn meant from the purchase of arms.

The former NSA, however, applied for permission from the court to travel overseas for medical reasons, a move which was opposed by the Prosecution lawyer, Leke Atolagbe.

Justice Halilu subsequently adjourned the matter till June 7.

PUNCH

For news and events coverage, photo features, contributions and adverts contact us via:
Phone: +2348029115783
WhatsApp: +2347037611903
Follow us via:
Facebook: @Words and Shots
Instagram: @words_and_shots
Twitter: @wordsandshots
Continue Reading

Trending