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NLC PROTEST: We share in your plights- Delta Govt

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Delta State Government, Tuesday, assured protesting members of Nigeria Labour Congress (NLC) in the state that it will look at the challenges confronting them with a view to communicating same to the Federal Government.

The Secretary to the State Government, Dr. Kingsley Emu gave the assurance while addressing the protesters who were at the entrance of Government House, Asaba, for a peaceful protest against hardship in the country.

Dr. Emu who applauded the workers for the peaceful protest, implored them not to allow hoodlums to hijack it, adding that their request would be presented to the State Governor, Rt. Hon. Sheriff Oborevwori for onward presentation to the Federal Government.

He said: “I want to thank the Nigerian workers for your considerations and kind talks today. Your Governor sends his greetings.

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“Your leadership has made a good case for you. The issue is not just affecting you but also our brothers and sisters. So, we are concerned Nigerians; whether you are working or not.

“Governor Oborevwori is a caring governor and we shall take all of these you have said to him. Before he ascended power, he told you he was going to take care of a lot of bills.

“First, is the pension and I am sure you know that that pension has been aggressively addressed. The second is the issue of your promotion arrears; you also know that it has been taken care of.

“He rescheduled your work days to suit your wallets and we consistently kept to that. He said he was going to give out some stipends for some months and he has done that. He is somebody who cares for you and I am sure you appreciate him.

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“When he made those commitments, Nigeria has not gotten to a cross road, we didn’t have this kind of economic hardship. He feels your pains because he is in tune with the streets and understands the market and he is connected to his people”.

He disclosed that Labour case vis-a-vis the hardship in the country, was a pandemic, adding that everybody feels that pain, saying “no matter how the organs of the federal government tries to disguise the matter.”

“Your plights, worries and conditions will be taken back to the governor. We are all angry. You are not the only one angry. As citizens of Delta State, we are angry because while we protect our state, we are still vulnerable to external migration of people who don’t live in the state.”

He, therefore, called on the federal government to listen to the cry of labour, adding that there are too many cities where the Federal government should have sent out CNG buses; even as he noted that that was part of the promises made to the Nigerian workers by the federal government.

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Earlier, the First Vice Chairman of Delta State Council of the Nigeria Labour Congress, Comrade Ziko Okwudi said that they were in Government House to register their protest against the present economic hardship in the country.

Comrade Okwudi noted that the wage award promised workers by the federal government has not been honoured, stressing that despite all the agreements reached with federal government as it affects the interest and welfare of Nigerian workers, the federal government has been very inactive and insensitive to the plights of the Nigerian people.

“We have come today, because we know that by the grace of God, when this new Government came to power, over time, we have began to understand that the man at the helms of affairs in Delta State, ordinarily is not supposed to be a politician by his conduct and his attitude but destiny has given him the opportunity to lead Delta State.

“So, by so doing we have called him a politician and because he is a politician today, we know his disposition towards the plight of the people. He is a man that is very blunt when it comes to speaking the truth.

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“All the federal government has promised the Nigerian workers, we are yet to see any that has materialised”, the NLC first Vice Chairman stated.

Nigerians, according to him, are being controlled by hunger, pointing out “when a man is hungry, he is angry and an angry man is insane and at that point of insanity, anything we do will be termed as hungry and we will not be held responsible”.

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Nigeria to export petroleum products by Dec, says NNPCL

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Nigeria’s oil industry will join the big league in December when it becomes a net exporter of refined petroleum products.

Nigerian National Petroleum Company Limited (NNPCL) Group Chief Executive Officer (GCEO), Mele Kyari, said yesterday that ahead of this, the Port Harcourt Refinery will go into full operation and petrol supply from next month.

According to him, the Warri and Kaduna refineries will follow suit by December.

On Sunday, Alhaji Aliko Dangote said the Dangote Refinery will pump petrol in commercial quantity also from next month.

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These are expected to bring relief to Nigerians.

Kyari spoke when he appeared before the National Assembly Joint Committee on Finance.

He was part of the Federal Government’s finance team that shared ideas with the lawmakers on how the Executive is tackling the myriad of economic challenges.

Yesterday, the National Bureau of Statistics (NBS) put the June headline inflation rate at 34.19 per cent, pushed up by the 40.87 per cent food inflation.

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Other members of the economic team at the parley led by the Coordinating Minister of the Economy Mr. Wale Edun were: Budget/National Planning Minister, Senator Atiku Bagudu; Minister of State for Petroleum Resources, Senator Heineken Lokpobiri; Central Bank of Nigeria (CBN) Governor, Dr Yemi Cardoso, represented by Deputy Governor (Economic Policy) Muhammad Abdullahi and Federal Inland Revenue Service (FIRS) Chairman, Mr. Zacch Adedeji.

Edun and Abdullahi joined the meeting during the closed-door session.

Relying on emerging indicators in the energy and gas sector, the NNPCL boss told the committee that Nigeria will become a net exporter of refined petroleum products by December.

Kyari told the committee that the Port Harcourt Refinery will start production early next month, adding that this will be followed by the one in Warri and Kaduna Refinery latest by December.

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He added that in a few months, the daily crude oil production will hit two million barrels with the logistics so far put in place.

Kyari said: “NNPCL and the oil and gas industry are very critical in bringing a turnaround in our current economic situation, and we understand the importance of this. We are taking every step that is practical for us to achieve this.

“We have already seen growth in our oil and gas production because of certain actions that Mr. President personally took, and also the very mere truth that we have also declared a war on production activities and this is yielding the required results.

“The combination of these two has now seen us restoring production in our country, and we believe that, as the minister has said, we will soon hit the target of two million barrels of oil production per day.

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“I’m aware that there are several comments in the public space around refining business and domestic production, including production that will come from the commissioned Dangote refinery.

“This country will be a net exporter of petroleum products by the end of this year. We’re very optimistic that by December, this country will be a net exporter.

“That means a combination of production coming from us, and also from Dangote refinery and other smaller producing companies are in line to do this.

“So, I can confirm to you, Mr. Chairman, that by the end of the year, this country will be a net exporter of petroleum products.

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“We have spoken to a number of your committees that it is impossible to have the Kaduna refinery come into operation before December, it will get to December. Both Warri and Kaduna but that of Port Harcourt, will commence production early August this year.”

The CBN Deputy Governor said the triple challenge of rising inflation, foreign exchange rate fluctuations and food inflation would soon be on the reverse trend as indicators to that effect are already emerging.

Bagudu said the 2024 Budget is already being implemented and that there is ongoing negotiation with Labour leaders on the new minimum wage.

Chairman of the joint Committee, Senator Sani Musa, appealed to Nigerians to persevere “as the government is working around the clock to stabilise the economy”.

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He added: “Our critical interactive session with you as managers of the economy is about economic growth. It’s about how we can get our policies to work. How we will support Nigerians.

“The National Assembly is very concerned because we are the representatives of the people. And we are obliged to ask what is happening and this is the reason for this meeting.

“We have heard from you, at least you have given us preambles of the activities going on, on how our economy can get back on track.

“You are all aware of the obstructions our economy has had in the previous years and it is not going to be easy that overnight, in 365 days or in one year of the coming administration, things will change. It will be gradual.

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“I believe that Nigerians will persevere. This is the only time we can all come together as Nigerians to give His Excellency the President, all the needed support to get us out of all the trouble we have been.

“The indicators are showing that the economy is doing well. Things are a bit difficult because it is not easy for inflation that has gone up to go down like that. It takes time.”

Inflation rises to 34.19 per cent

Nigeria’s headline inflation rate rose marginally by 0.24 percentage points to 34.19 per cent last month from 33.95 per cent in May.

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Food inflation also increased to 40.87 per cent last month against 40.66 per cent the previous month.

The National Bureau of Statistics (NBS), in its latest report, said: “In June 2024, the headline inflation rate increased to 34.19 per cent relative to the May 2024 headline inflation rate which was 33.95 per cent.

‘’Looking at the movement, the June 2024 headline inflation rate showed an increase of 0.24 per cent points when compared to the May 2024 headline inflation rate.”

The NBS stated this in its Consumer Price Index (CPI) released yesterday.

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The CPI  measures the average change over time in the prices of goods and services consumed by people daily.

“On a year-on-year basis, the headline inflation rate was 11.40 per cent points higher compared to the rate recorded in June 2023, which was 22.79 per cent,’’ the report added.

However, the rate of increase (0.24 percentage points) is lower than that of  May and other months.

“On a month-on-month basis, the food inflation rate in June 2024 was 2.55 per cent, which shows a 0.26 per cent increase compared to the rate recorded in May 2024 (2.28 per cent),” it said.

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The NBS attributed the development to a rise in the average prices of food items.

CPI had risen from 33.20 per cent in March to 33.69 per cent in April.

Nigeria has seen 19 months of consecutive inflationary pressure, pushing the inflation rate to a 28-year high.

Many experts at Cordros Capital Group, and CardinalStone Group, had expected a gradual and sustained decline in inflation in the months ahead, with some highlighting possible disinflation from July 2024.

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Financial Derivatives Company (FDC) predicted that average prices would rise further this month. It cited renewed inflationary pressure.

FDC particularly noted that imminent wage increases could trigger cost-push inflation.

President of the Association of Capital Market Academics in Nigeria, Prof. Uche Uwaleke, said recent fiscal measures by the Federal Government designed to address food shortages would manifest in a slowdown of costs.

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18.7m Nigerians under insurance cover, NHIA DG

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No fewer than 18.7 million Nigerians have been covered by health insurance as of this year’s second querter, the Nigerian Health Insurance Authority (NHIA) said yesterday.

The agency said it has made significant strides in expanding health insurance coverage across the country.

It’s Director-General, Dr. Kelechi Ohiri, dropped the hints in Abuja during the inaugural Quarterly Performance Dialogue between the Federal Government, 36 State Governments, and key health sector stakeholders.

According to him, the 18.7 million Nigerians covered by health insurance, surpassed the target set for the period by an impressive 11 per cent.

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He said that this achievement highlighted the NHIA’s dedication to achieving universal health coverage (UHC).

Ohiri said: “The authority’s vision is centered on bridging the gap in healthcare access for millions of Nigerians and enhancing the overall quality of care. Despite this progress, several challenges persist.”

He said that one of the significant challenges identified was the uneven distribution of coverage, particularly the disparity between the formal and informal sectors.

To tackle these challenges, Ohiri said that the NHIA had outlined a strategic plan for the future.

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He mentioned that the authority aimed to leverage on data and technology to enhance service delivery and patient outcomes.

He said that the NHIA was optimising operations and fostering citizen engagements in its commitment to improving healthcare access.

“The authority has set an ambitious target to cover 20 million Nigerians by 2027, a goal that underscores its comprehensive vision for universal health coverage in the country,” he said.

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Ex-VP Osinbajo Celebrates Wife’s Birthday With Heartfelt Message

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Former Vice President, Professor Yemi Osinbajo, has taken to social media to gush over his wife, Dolapo, as she marks her birthday anniversary on Monday.

Osinbajo took to his X handle (formerly Twitter) on Monday to pen down emotional messages with pictures of Dolapo appreciating arts and plants, to wish his wife well.

Osinbajo wrote: “Happy birthday my love @dolapoosinbajo.

“Your love, kindness, and generosity make all our lives so much happier.

“Love you always, Yemi xxx.”

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He continued, saying, “This year I decided to share my favorite photos of Dolly @dolapoosinbajo doing her favorite things.”

Taking to the comment section, veteran Nollywood actress Joke Silva said, “Happy birthday to the Jewel in the Crown. Have an incredible day.”

Also, a former Chairman, Board of Directors, First Bank of Nigeria Ltd., Ibukun Awosika, reacted: “Happy birthday to a most beautiful person, both inside and outside. You are a true treasure and a worthy example of Christ in us. God bless you richly. Love you lots.”

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