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NLC PROTEST: We share in your plights- Delta Govt



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.

“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.

“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.

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.

“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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Naira Continues To Depreciate Against Dollar Despite Intervention Of CBN



The Naira has continued to depreciat9 against the United States dollar for the fifth time despite the Central Bank of Nigeria’s sale of foreign currencies to legitimate Bureau De Change operators.
FMDQ data revealed that the naira dropped to N1,300.15 per dollar on Tuesday from N1,234.49 traded on Monday.
The figure represents N65.66 (5 per cent) loss compared to the N1,234.49 it exchanged for on Monday.
On Tuesday, the apex bank sold 10,000 dollars each to BDC at N1,021 per dollar.
This is the third recent intervention for BDCs amid the bank’s effort to defend the naira.
On Tuesday, the Economic and Financial Crime Commission, EFCC, said it had frozen about 300 accounts on a cryptocurrency platform to ensure the safety of the foreign exchange market recalled that the anti-graft agency earlier had continued its clampdown on Binance and other cryptocurrency platforms blamed for manipulating the country’s foreign exchange market.
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Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister



Power Sector: FG To Establish 3 Gigawatts Of Solar Energy in 25 States – Minister
…say poor funding, insufficient gas supply responsible for power deficit
By Gloria Ikibah
Nigeria’s Minister of Power, Adebayo Adelabu, had said that the federal government is working towards the establishment of three gigawatts of solar energy sources across the 25 states in Northern and South Western parts of the country.
According to him, this is a novel approach that will go a long way to solve the power problems, even as he called on state governments to invest in power generation in their states.
The minister stated this at a two-day Power Sector Stakeholders Interactive Dialogue/Workshop organized by the House of Representatives Committee on Power with the theme “Confronting Nigeria’s Power Challenge as the Nation Migrates to a Multi-tier Electricity Market: A Legislative Intervention” on Tuesday in Abuja.
Adelabu who said that hydro energy would be deployed for the coastal cities, also lamented that the country has witnessed incessant collapse of transmission which is caused by lack of adequate infrastructure.
He admitted that most of the infrastructure in the power dates back to the 1960s, with no single backup for the national grid, and called for alternative sources in the situation where there is a collapse of the grid.
The Minister also disclosed that the major factors responsible for the power deficit currently faced by the country is as a result of inadequate financing and insufficient gas supply.
Adelabu who lamented the current state of power supply across the country, however, assured Nigerians of the determination of the President Bola Tinubu-led administration to address the challenges and make Nigeria a suitable place for business.
He said “No sector can function optimally without the power sector. Over the years, poor financing, and inadequate gas supply have been responsible for the energy deficit we have in the country. But a lot of work is going on to address these challenges.”
Earlier in his welcome address, the
Chairman, House Committee on Power, Rep. Victor Nwokolo explained that the purpose of the interactive dialogue/workshop was to provide a dynamic platform for stakeholders to evaluate the progress so far in the Nigerian Electricity Supply Industry (NESI) development.
He revealed that discussions will centre around the seamless transition to a Multi-Tier Electricity Market, as outlined in the Electricity Act of 2023.
According to him, “his transition, holds immense potential to enhance competition, efficiency, and reliability within the electricity market, ultimately benefitting consumers and driving economic growth”.
He said: “Through collaborative brainstorming and analysis, we aim to chart a clear roadmap for this transition, ensuring that it is smooth, inclusive, and conducive to sustainable development.
“Furthermore, this workshop will serve as a platform for stakeholders to explore innovative solutions to the persistent challenges plaguing the power sector. From infrastructure development and financing to regulatory frameworks and consumer engagement, we will examine a wide array of issues and propose actionable strategies for improvement.
“In addition to these objectives, we aspire for this workshop to foster enhanced collaboration and partnership among stakeholders. By bringing together legislators, representatives from government agencies, regulatory bodies, industry players, academia, and civil society, we aim to cultivate a culture of cooperation and collective action towards our shared goal of a vibrant and resilient power sector”.
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How Yahaya Bello withdrew $720,000 from Kogi account to pay child’s school fees -EFCC Chairman



By Francesca Hangeior

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that a former governor of Kogi State, Yahaya Bello, transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.

Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.

He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.

“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

Olukoyede further stated that he personally reached out to Bello, offering him a chance to clarify the situation in a respectful setting within the EFCC office but the ex-governor reportedly declined to cooperate, citing fears of harassment from an unnamed woman.

The EFCC boss added, “I didn’t initiate the case; I inherited the case file. I called for the file, and I said there are issues here.

“On my own, I called him, which I am not supposed to do, just to honour him as an immediate past governor. ‘Sir, there are issues. I’ve seen this case file. Can you just come let us clarify these issues?’

“He said, ‘Ha! Thank you, my brother. I know, but I can’t come. There’s one lady that has surrounded EFCC with over 100 people to come and embarrass me and intimitade me.’

Bello was said to have suggested that the EFCC come to his village rather than conduct an investigation at the agency’s quarters.

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