News
Weeks Before Election, Ondo Governor Approves N775 Million for Remodelling of Gov’t House Fence, Gate
Ondo State Governor Lucky Aiyedatiwa has allegedly approved N775,069,741.21 for the remodelling of the Government House fence and gate.
A recent document revealed that the contract was awarded to Buonayanett Limited, just weeks before the election.
Critics have argued that the project’s cost is excessive and unjustified, particularly considering the state’s financial constraints.
Lawyer and activist Kayode Mogbojuri expressed concerns on Facebook. He said, “Aiyedatiwa is becoming financially reckless, and Ondo State people need explanations on how the state’s resources are being spent.”
Another Facebook user, Funmilayo Moyosoore, echoed similar sentiments, asking, “Who will curtail Lagidigba?”
Investigations revealed that Buonayanett Limited has no online presence or has undertaken other projects in the country.
This is not the first time Governor Aiyedatiwa’s administration has faced criticism for its spending.
In April 2024, it was revealed that N5 billion had been allocated in the budget for the renovation of a Day Care Centre/Creche. However, Commissioner for Economic Planning and Budget Emmanuel Igbasan later attributed this large allocation to a typographical error.
News
BREAKING! FG delegation in meeting with NLC, TUC
By Kayode Sanni-Arewa
The Federal government delegation is currently meeting with the leaders of organised labour at the Presidential Villa in Abuja.
The meeting is centred on the state of the nation, especially the petrol pricing system.
The meeting is taking place at the Secretary to the Office of the Government of the Federation, SGF, George Akume.
At the meeting are Mallam Nuhu Ribadu, the National Security Adviser, NSA; Nkeiruka Onyejeocha, the Labour Minister; and Wale Edun, Minister of Finance and Coordinating Minister of the Economy.
Others are the Information Minister, Petroleum Minister, State Minister of Gas, and representatives of the Nigerian National Petroleum Corporation, NNPC, Limited.
News
Reps Ask FG To Reverse Petrol Pump Price Hike, Cooking Gas Price
News
PMS Prices Determined By Market Forces, No Price Deal With IPMAN – NNPC
By Kayode Sanni-Arewa
The Nigerian National Petroleum Company (NNPC) Limited has debunked claims that it reached an agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN), on the price of Premium Motor Spirit (PMS), commonly known as petrol, saying fuel prices are now determined by market forces.
Reports credited to IPMAN President, Abubakar Maigandi had stated that NNPC agreed to reduce the ex-depot price of petrol for its members from N958 per litre to N955 per litre.
Refuting the claim in a statement on Wednesday, the Chief Corporate Communications Officer of the national oil company, Olufemi Soneye, emphasised that under the current deregulated regime, fuel prices are determined by free market forces, as provided for in the Petroleum Industry Act (PIA), 2021 rather than by agreements.
Refuting any form of price deal with Marketers, Soneye said NNPC had only provided a one-time N3 discount to marketers with funds deposited at NNPC to facilitate fuel lifting and prevent shortage, saying the initiative “was a temporary measure”.
Maintaining that prices are still determined by market forces, not by NNPC Ltd, Soneye said, “The market has been deregulated, meaning that petrol prices are now determined by market forces rather than by the government or NNPC Ltd.
“There is no price agreement between IPMAN, NNPC, or any marketer. The market forces determine prices under the current deregulated regime.”
-
Opinion11 hours ago
NCC, Starlink tariff feud rattles telecom industry
-
News12 hours ago
Rivers Assembly Boots Fubara’s Key Allies, Declares Seats Vacant Over 152-Day Absence
-
Politics11 hours ago
PDP Govs Broker Truce, Instruct All Members to Revert to Status Quo
-
News9 hours ago
Reps Condemn Inhumane Treatment Of Super Eagles In Libya, Call For Investigation
-
News7 hours ago
Ugochinyere in hot soup, faces recall as Constituents insist he’s pursuing only personal matters
-
News12 hours ago
PDP Governors Shoot Down Rebellion, Pledge United Front
-
News13 hours ago
Peter Obi Abandons Convoy, Intervenes As Police, Lorry Drivers Clash On Kogi Highway
-
News6 hours ago
Oyedepo Bombs netizns over Abioye, Aremu’s retirement, Says It’s none of your biz