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Kingsley Moghalu ,Former CBN deputy governor instigates NNPC Closure

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Kingsley Moghalu ,Former CBN deputy governor instigates NNPC Closure

Kingsley Moghalu ,Former CBN deputy governor instigates NNPC Closure

A former Deputy Governor of the CBN-Prof. Kingsley Moghalu, has called for the scrapping of the Nigerian National Petroleum Corporation (NNPC).

Moghalu said while giving a lecture titled “Overcoming Poverty: The Secret of the Wealth of Nations” on Wednesday in Lagos at the 3rd Annual Lecture of the Centre for Financial Journalism (CFJ).

In Refrence to what he said , the scrapping of the NNPC will bring sanity to the petroleum sector.

The financial expert said NNPC would be far more effective if it was run as a Public Private Partnership (PPP).

He also said that deregulation of the downstream petroleum sector was the best way to stop the incessant fuel scarcity in the country.

He also said that for the country to overcome poverty, it needed to have a worldview, an economic philosophy and be innovative, be economically competitive and should be ready to build sound institutions.

Moghalu urged the FG to avoid further borrowing to prevent the mortgaging of the future of the nation’s youths.

Earlier, the chairman of the occasion, Sen. Olabiyi Durojaiye, Chairman, Board of the Nigerian Communications Commission (NCC) , noted that the title of the lecture was a reminder of Adam Smith’s book written in the 18th centuries.

Durojaiye commended the present administration in building on the successes recorded by his predecessors in the agricultural sector in turning around the fortune of the economy.

He called on the smugglers of rice to stop their unpatriotic trade by allowing the efforts of government to attain fruition.

The News Agency of Nigeria (NAN) reports that the event attracted the high and mighty in the media industry.

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Rivers State Govt. Approves N5bn for Development of Medical Facilities

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Rivers State Govt. Approves N5bn for Development of Medical Facilities

The Executive Council of the Rivers State Government on Wednesday approved over N5 Billion Naira required for the revamping of the Prof. Kersley Harrison Hospital and the Dental and Maslofacial Hospital located in Port Harcourt.

Speaking to journalists after the meeting, Commissioner for Health, Princewill Chike said, the approved sum will be spent on renovation, rehabilitation and installation of medical equipment at the health facilities.

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The Commissioner said the work at the Prof. Kersley Harrison hospital is expected to last for a period of thirteen months and when completed, it will be an affiliate of the Rivers State University Teaching Hospital, to add to the training of medical doctors and medical personnel.

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Chike also speaking about the approval given for the revamp of the Dental and Maslofacial Hospital, said when completed it will also be affiliated to the Rivers State University Teaching Hospital for the training of medical personnel.

The Health Commissioner who equally lamented that the figures Covid-19 cases in the state has continued to grow, called on residents to avoid crowdy area, wash their hands regularly and also wear their facemasks.

Read Also: CBN Directs Niger State Banks to Continue Strike Amid Tax Crisis

 

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Akwa Ibom Governor Signs the Anti-Grazing Bill into Law

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Akwa Ibom Governor Signs the Anti-Grazing Bill into Law

Akwa lbom State governor, Mr Udom Emmanuel, has signed into Law a bill to prohibit open rearing and grazing of livestock and provide for the establishment of ranches in the state.

The Speaker, Aniekan Bassey, with the Attorney General and Commissioner for Justice, Uko Udom (SAN), presented the bill for signing on Wednesday at the State Executive Chambers, in the Governor’s Office, Uyo.

The governor, after signing the bill into law, stated that the new law was no respecter of persons irrespective of status or calibre.

He instructed relevant authorities of government to ensure that, the bill is implemented and enforced to the letter with strict compliance, stressing that, culprits must be brought to book accordingly.

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The new law will promote modern techniques in animal husbandry, prevent the destruction of farms by wandering cattle while reducing clashes and killings between herders and farmers in the state.

It will also promote international best practices in livestock administration, regulation and control in the state, among other things.

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Doctors Strike: Court Fixes Sept 17 For Ruling, As Parties Agree to Negotiation

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Court Fixes Sept 17 For Ruling, As Parties Agree to Negotiation

The National Industrial Court has fixed September 17th to rule on the application of jurisdiction and contempt of court, filed by both the Federal Government and the Association of Nigerian Resident Doctors.

At the resumed hearing on Wednesday, counsel to the striking resident doctors, Femi Falana (SAN), told the court that he had an application challenging the jurisdiction of the court to entertain the case.

The counsel to the Federal Government, Tochukwu Maduka (SAN), however, pointed out that the issue of contempt of the court, by the resident doctors, should be heard first, before that of the jurisdiction.

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He added that there was an order by the court that the resident doctors and the Federal Government should suspend all hostilities and maintain the status quo, but the doctors did not obey the court order.

According to him, the strike action, embarked upon on August 2 by the resident doctors has wreaked untold suffering on the citizenry, amounting to numerous deaths of persons.

After listening to the submission of both parties, Justice Bashar Alkali fixed September 17 to rule.

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