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Osinbajo Presides Over FEC Meeting

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Vice President Yemi Osinbajo is currently presiding over the weekly meeting of the Federal Executive Council meeting at the Presidential Villa, Abuja.

He is standing in for the President, Major General Muhammadu Buhari (retd.), who is currently in Paris, France, on a four-day official visit alongside some members of his cabinet and other senior aides.

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Present at the meeting is the Secretary to the Government of the Federation, Boss Mustapha; the Chief of Staff to the President, Ibrahim Gambari, and five ministers.

The ministers who are attending the meeting physically include Minister of Information and Culture, Lai Mohammed; Aviation, Hadi Sirika; Attorney-General and Minister of Justice, Abubakar Malami; Water Resources, Suleiman Adamu; and the Minister of State for Budget and National Planning, Clem Agba.

Head of Civil Service of the Federation, Folashade Yemi-Esan, as well as other members of the Federal Executive Council are attending virtually.

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Naija News

Ten More Kidnapped Bethel Baptist School Students Regain Freedom

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Ten More Kidnapped Bethel Baptist School Students Regain Freedom

Ten more abducted students of Bethel Baptist Secondary school in Kaduna State have regained their freedom.

This is the fourth batch of the students released so far by their abductors.

The police are yet to confirm the development, but a top official of the school told Channels Television that the 10 students were released on Sunday afternoon, after an unspecified amount of money was paid as ransom to the kidnappers.

He also expressed optimism that the bandits will release the remaining eleven kidnapped students still in captivity in no distant time.

A total of 121 students of Bethel Baptist Secondary school in Chikun Local Government Area of the state were abducted by bandits from their hostels on July 5, 2021.

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The students were later released in batches after their parents reportedly paid ransoms to their abductors.

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COVID-19

COVID-19 interventions cost 3.5% of Nigeria’s GDP – CBN

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COVID-19 interventions cost 3.5% of Nigeria’s GDP – CBN

The implemented initiative of the Central bank of Nigeria to mitigate COVID-19’s economic impact accounted for about 3.5% of Nigeria’s Gross Domestic Product.
Godwin Emefiele, the CBN Governor stated this during his presentation at the 30th annual conference of financial reporters.
Emefiele was represented at the event by the apex bank’s spokesperson, Osita Nwanisobi.
Cumulatively, the bank’s intervention efforts represented about 3.5% of the GDP.”
He explained that the policy measures included a cumulative reduction of the monetary policy rate from 13.5% to 11.5% between May and September 2021 in order to spur lending to the economy and support the current recovery of output growth; Reduction of the interest rate on CBN intervention loans from nine to 5%; and a one-year extension of the moratorium on principal repayments for CBN intervention facilities.
The Coronavirus Disease (COVID-19) in Nigeria continues to record increases as the latest statistics provided by the Nigeria Centre for Disease Control reveals that as of 23rd of September, 203,514 cases have been confirmed, 191,950 cases have been discharged and 2,668 deaths have been recorded in 36 states and the Federal Capital Territory.

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A total of 2.99 million tests have been carried out as of 23rd September 2021.

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FG Sets Up Committee on Recovery of Illegally Refined Crude Oil

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FG Sets Up Committee on Recovery of Illegally Refined Crude Oil

In a bid to block revenue leakages, the federal government, on Thursday, inaugurated an inter-ministerial committee to tackle illegal refinery of crude oil in the niger delta region of the country.

 

Members of the committee, who took their oath at the office of the attorney-general of the federation and minister of justice, abubakar malami, san, were drawn from the ministry of defense, the Nigerian army, the navy, defense headquarters, the Nigerian security and civil defense corps, the Nigerian national petroleum corporation, NNPC.

 

As well as from the federal ministry of justice, the ministry of environment, the department of petroleum resources, and the national oil spill detection and response agency.

 

The solicitor-general of the federation and permanent secretary of the federal ministry of justice, umar mohammed, who represented the AGF at the event, said the major mandate of the committee, was the recovery of illegally refined petroleum products in the dug-up pits found around the creeks of the niger delta.

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According to him, in line with the policy of the current administration on security and economy, as well as the preservation of the environment from negative hazards. The office of the attorney-general of the federation and minister of justice, in collaboration with all stakeholders, have put in place a mechanism for effective and efficient management of illegally refined products recovered from dug-up pits found around the creeks of the niger delta.

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