Top News Update 12/07/2017
1. Osinbajo flies to London on Buhari’s invitation
2. FG can’t borrow any more – Finance minister
3. Nigeria to witness a turnaround in 18 months, says Osinbajo
4. NNPC Vows to Sustain Products Supply Despite Downstream Sector Challenges
5. Osinbajo approves 19 judges for National Industrial Court
6. Oil, gas investment set to recover slightly – IEA
7. House Directs Education Minister to Separate Religious Studies from Civic Education
8. Senate passes bill to protect victims of gunshots
9. N1.13tn needed annually to run Police – IGP
10. Ethiopian Airlines to Commence International Flights from Kaduna Airport on August 1
Osinbajo Flies To London On Buhari’s Invitation
The Acting President, Yemi Osinbajo, on Tuesday left Nigeria for London, United Kingdom, where he is scheduled to meet ailing President Muhammadu Buhari. Buhari left the country on May 7 for the British capital where he is currently receiving medical treatment. He had, in a communication to the two chambers of the National Assembly indicated that only his doctors would decide the duration of his medical trip which is the second one this year. Osinbajo travelled to London to see the President shortly after he presided over the Quarterly Presidential Business Forum held at the Presidential Villa.
FG Can’t Borrow Anymore – Finance minister
Against the backdrop of the nation’s rising debt profile, the Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government must not borrow more to fund its budget. Adeosun said the government should instead raise the money needed by other means, calling into question planned foreign loans of $2bn from lenders like the World Bank, according to Reuters. The government had planned to borrow extensively from overseas to fund a record budget aimed at helping the country spend its way out of its first recession in 25 years.
Nigeria To Witness A Turnaround In 18 Months, Says Osinbajo
The Acting President, Yemi Osinbajo, on Tuesday said he was convinced that with the right focus, Nigeria would experience a turnaround in 18 months. He said his conviction was based on the fact the present administration had been toiling day and night to address the various issues facing the country. Osinbajo said this while addressing the Quarterly Presidential Business Forum at the Presidential Villa, Abuja.
NNPC Vows To Sustain Products Supply Despite Downstream Sector Challenges
The Nigerian National Petroleum Corporation (NNPC) on Tuesday said it would continue to supply petroleum products to all parts of Nigeria despite challenges in the downstream petroleum sector. According to a statement in Abuja, the corporation’s Group Managing Director, Dr. Maikanti Baru, stated this at the end of a combined three editions of the annual general meetings of its downstream subsidiaries, the Nigerian Products Marketing Company (NPMC) and the Nigerian Pipelines and Storage Company (NPSC).
Osinbajo Approves 19 Judges For National Industrial Court
The acting President, Yemi Osinbajo, has approved the appointment of 19 judges for the National Industrial Court. The approval by the Acting President was based on the recommendation made to him by the National Judicial Council. A statement by the NJC’s Director of Information, Mr. Soji Oye, disclosing this on Tuesday, said the new judges appointed from 19 states of the federation would be sworn-in on Friday.
Oil, Gas investment Set To Recover Slightly – IEA
Investment in the oil and gas industry will see a tentative recovery in 2017 after an “unprecedented contraction” in 2016 and 2015 in face of stubbornly low energy prices, the International Energy Agency said in a report on Tuesday. The IEA said upstream oil and gas investment — such as in exploration and production facilities — fell 26 percent in 2016 in nominal terms to $434 billion (380 billion euros), similar to the decline seen 2015.
House Directs Education Minister To Separate Religious Studies From Civic Education
The House of Representatives on Tuesday passed a resolution directing the Minister of Education, Mallam Adamu Adamu, to “separate our national values from religious values” and that each subject be taught independently. Essentially, the lawmakers said religious studies should be distinct from civic education as a subject while the former should be taught in accordance with the dictates of the constitution.
Senate Passes Bill To Protect Victims Of Gunshots
The Senate on Tuesday passed the Compulsory Treatment and Care of Victims of Gunshots Bill aimed at ensuring the passage of a law that victims of gunshot wounds receive treatment from medical workers and assistance from security agencies. Speaking on the passage of the Bill, the Senate President, Abubakar Saraki, said not every victim of gunshot wound is a criminal, hence, it is important that a legal framework be put into place to avoid unnecessary loss of lives.
N1.13tn Needed Annually To Run Police – IGP
The Inspector-General of Police, Mr Ibrahim Idris, on Tuesday said that the Nigeria Police Force required N1.13tn annually to effectively execute its operations.Idris said this at a Public Hearing on Bills to establish the Police Reform Trust Fund and a Bill to amend the Explosives Act 2004 in Abuja. The hearing was organised by the House of Representatives Committee on Police Affairs.
Ethiopian Airlines To Commence International Flights From Kaduna Airport On August 1
Ethiopian Airlines Tuesday announced that it would commence scheduled international flights from the Kaduna International Airport to other international destinations in its vast global network by August 1, 2017. The airline was the first to land in Kaduna after the six-week closure of Nnamdi Azikiwe International Airport, Abuja, for the repairs on its runways in April. To maximise the viability of the upgraded Kaduna Airport, the Kaduna State Government engaged foreign and domestic airlines in discussions to secure regular flight operations.