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FG Owes 16 States Over N500billion Roads Construction Fund

By
BWN
-
State officials have stated that the Federal Government is owing 16 states of the federation the sum of N580.5bn, which was incurred as a result of various rehabilitation works carried out on some federal roads across the country.
The disclosure was made on Wednesday, March 23, in Abuja at a public hearing organized by the joint House of Representatives committee on works and finance.

Giving the breakdown of the funds owed Ogun State, the permanent secretary in the state ministry of works and infrastructure, Engr. K. A. Ademolake, disclosed the state government had awarded 38 contracts for the construction of the federal roads in the state from 2007 to date.

He said out of the total sum, the state government had paid the sum of N123.7bn to the contractors.

He added that there was no single reimbursement from the federal government.

Leading the  states owed are Ogun, Akwa Ibom and Zamfara states being owed the sum of N222.977bn, N75.9bn and N57.92bn respectively.

Other states being owed are Anambra State with N43.427bn; Oyo State, N32.93bn; Enugu State, N25.930bn; Cross River State, N25.701bn; Ebonyi State, N21.85bn; Plateau State, N19bn; and Sokoto State, N13.103bn.

Also owed are Kwara State, N12.855bn; Ekiti State, over N11bn; Abia State, N5.2bn; Adamawa State, N4bn; Gombe State, N3.851bn and Bauchi State, N1.9bn.

Korea Injects $8.56million Into e-Government In Nigeria

By
BWN
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The Korea International Cooperation Agency, KOICA, has earmarked $8.56 million for the implementation of an e-government project comprising establishing an e- Government master plan, capacity development programme (CDP) and establishing an e- Government training centre in Nigeria.

Minister of Communications, Barrister Adebayo Shittu has said the collaboration with the Korean Government will enhance Nigeria’s capability for efficiency, transparency and accountability in governance, with its attendant benefits trickling down to the masses.

The Minister led a 14-man delegation to this year’s 10- day high level capacity building for e-Government in Nigeria benchmarking invitational programme, in Seoul, South Korea yesterday. The invitational programme, designed for senior government officials was put together by KOICA.

According to a statement by the minister’s special assistant on media, Victor Oluwadamilare, the expectations of Shittu is geared towards ensuring that Nigeria makes the best use of the opportunity of e- Government to increase the nation’s capability for efficiency, transparency and accountability in governance.

 

“Midstream Discharge of Cargoes Costs FG billions of Naira” – Customs

By
BWN
-

The Nigerian Customs Service, NCS, Zone A, Command, Lagos, has revealed that the federal government is presently losing billions of naira to fraudulent shipping companies involved in the midstream discharge of cargoes.

The NCS alleged that some dubious shipping companies were involved in the mass discharge of cargoes midstream in order to avoid paying duties to government.

Though it did not name the shipping companies involved in the sharp practice, it however solicited the assistance of naval authorities to check the activities of those allegedly involved in the practice.

The Zonal Coordinator, Zone ‘A’ of the NCS, Assistant Comptroller-General Eporwei Edike, who made this disclosure when he paid a courtesy call on the Flag Officer Commanding Western Naval Command, Rear Admiral Raphael Osodun, urged the Nigerian Navy to assist the Customs in stopping midstream discharge of cargoes.

He said: “We have to look at other sister agencies to assist us to succeed in our duties.”

Marketers Defy Approved Pump Price Template, Sell Kerosene at N120

By
BWN
-

Investigations have revealed that marketers are selling Household Kerosene, HHK above the approved pump price of N84.17 per litre.

They sell the product for between N115 and N120 per litre.

According to the Petroleum Products Pricing Regulatory Agency’s (PPPRA) pricing template of March 17, the expected open market price (OMP) of kerosene is N84.17 per litre.

However, marketers, mainly independents, sell the product well above the approved price of N84.17 per litre. In many retail outlets in Lagos, The Nation discovered that consumers buy kerosene at N120 per litre.

At some retail outlets in Ikotun, Egbeda, Idimu, Iyana-Ipaja, and Agege in Lagos, consumers stood in long queues to buy the product, described as “poor man specific”. Those who went to the Nigerian National Petroleum Corporation (NNPC) outlets to buy at cheaper price, were disappointed as the product was not available.

Contacted, Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Chinedu Okoronkwo said he was not aware that his members were selling kerosene above the official price.

He said the association would deal with any of his members who sells the product above the official price of N83 per litre, adding that the association is yet to arrest anybody in that regard.

 

Customs Re-impose Restriction Order On Importation of Rice

By
BWN
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New restriction order has being placed on the importation of rice through land borders across the country by the Comptroller-General of the Nigeria Customs Service, Col. Hameed Ali (Retd). This order comes into effect immediately.

Col. Hameed Ali had last October authorized the turnaround of an earlier policy banning rice imports through the land borders, saying once the suitable duty and charges had been paid, importers were free to bring in the produce.

On Tuesday , The Public Relations Officer, NIS, Wale Adeniyi, Stated that the Service had noted that decaying revenue from rice imports through the land borders, did not match the volume of the produce landing in neighbouring ports.

According to him, reports from the border instructs, display an increase in the tempo of rice smuggling.

“The implementation of the restriction order got off to a smooth start, with a high level of compliance in October 2015. However, revenue started decreasing from January 2016, with importers blaming access to Forex as major hindrance,” Ali said.

We have Spent N4.2bn On Revitalizing Water Projects – Mimiko

By
BWN
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Ondo State Governor, Dr Olusegun Mimiko, has revealed that his administration had spent about N3 billion to refurbish and upgrade various water projects in the state while an additional N1.2 billion was spent on sinking  of water boreholes since the administration came on board in 2009.

He added that the administration awarded contracts for water scheme in Ilaje Local Government area of the state  at a sum of N4.3 billion last year.

Mimiko uncovered some of the expenses of the administration for the provision of water in Akure at an event to mark the World Water Day, which has as its theme, ‘Water and Work”.

He said the N3 billion was spent on the rehabilitation and upgrade of Awara Water Scheme, Ose-Owo Water Scheme, Ifon Spring Water Scheme adding that those boreholes sank had been handed over to WATSAN for   maintenance.

Adamawa Gov Set to Improve Food Production

By
BWN
-

The Adamawa State government is set to boost food production and ensure food sufficiency in the state through mechanized farming.

The State Commissioner of Agriculture Waziri Ahmadu, noted that his ministry will revamp the state’s feeble Agricultural Mechanization Authority.

He explained that when he came on board as the commissioner of agriculture, he inherited worn-out tractors, adding that his ministry is making serious effort to resuscitate a number of tractors and other equipment to meet the current challenges.

Ahmadu stated that in 2015, the ministry only provided about 3,000 hectares of mechanization, adding that the ministry is strenuously working to provide between 80,000 and 100,000 hectares of mechanization in 2016.

Unity Bank Moves Financial Literacy Campaign to Supreme Foundation

By
BWN
-

To commemorate the 2016 Financial Literacy Week held last week, Unity Bank Plc, took its financial literacy campaign to Supreme Model Foundation, Lagos. The financial literacy week is observed annually under the Global Money week and it is recognized as part of efforts to establish and sustain healthy financial habits among children.

Mr Olubowale Ogunrinde, GM/Zonal Head Lagos and South West, Unity Bank Plc, said the initiative was aimed at equipping children across the country with information on how to be financially independent using training materials that touched on topics in the area of savings, investing, budgeting inflation and insurance.

He stated that learning about these areas will not only broaden the understanding of the children on financial systems but also teach them how to imbibe the culture on financial management at a young age.

The Vice Principal of Supreme Model Foundation, Mr Olufemi Adeyemi thanked the Bank for facilitating the lecture at the school.

Students, Lecturers’ Protest Cripple Academic Activities at Federal Poly Ede

By
BWN
-

There was a peaceful protest staged by academic staffs of the Federal Polytechnic, Ede, Osun State, on Tuesday controlled by enraged students who closed the main enterance to the campus of the institution for several hours.

Lecturers were asking the management of the institution full implementation of new welfare package tagged CONTISS 15, contending that other institutions had paid it to their colleagues.

The lecturers were said to have given the management 14-day ultimatum within which to effect the payment or face the wrath of the workers. The ultimatum lapsed on Monday, prompting them to state the protest by the lecturers.

The protest later turned violent when some students the polytechnic hijacked and dominated the entrance of the polytechnic.

However, the students, who had just started their exams on Monday, abandoned their classes and joined their teachers kicking against payment of N1,000 for late registration.

Why Nigeria’s Auto Industry Collapsed – Onu

By
BWN
-

The Minister of Science and Technology, Mr. Ogbonnaya Onu, has attributed the collapse of Nigeria’s automobile and other industries to the absence of research and development.

He said that there is no reason Nigeria’s auto industry should not be strong enough to survive external competition, with the highest population, largest economy and market in Africa

Onu said: “I think that was where Peugeot Automobile of Nigeria (PAN), failed and all the other industries. So as soon as there was competition from outside, all these companies collapsed and we believe that we have to learn a lesson from this. “

“If you look at what happened in 1980s and 1990s it is very clear to us that if our automobile industry had done research and developmental work for a period of time we would have been strong enough.

“Even when government opened up the sector to competition from outside, because government will not to hover forever they would not want to stop competition from outside.”

He said government will not fail in supporting and encouraging local industries to thrive, adding that the ministry will lead the push for the patronage of Made in Nigeria Products.

Nigeria Due for Aircraft Maintenance Facility Upgrade – Demuren

By
BWN
-

Dr. Harold Demuren, a former Director-General of Nigerian Civil Aviation Authority, has stated that Nigeria is due for the improvement of aircraft maintenance facility.

He noted that Nigeria had missed extremely large resources of maintaining its aircraft overseas. For example, he said, besides the economic loss, Nigerian experience aircraft engineers could not secure jobs locally.

According to him, about 40 per cent of money  used on the reconstructing of airport facilities in the last few years was expanded for that purpose by government, it would have been priceless for the growth of aviation in the country.

He also made a yelled statement at the Nigerian Aviation Conference in Lagos, suggesting that if Nigeria must take its place as the West African center in aviation, it must have its aircraft maintenance facility.

The Managing Director, Toucan Aviation Support Services, Achuzie Ezenagu, called on the Federal Government to focus on the growth of the aviation sector as a catalyst for economic growth.

However, Ezenagu suggest that the establishment of the facility would save the country’s large financial resources, help to train and handle native aircraft engineers, make aircraft profitable for airlines and strengthen Nigeria as the main point in West Africa.

He also noticed that the development of an MRO could be demanding and expensive because Nigeria had no foundation to promote it.

In finalizing this, MRO is very expensive to establish in Nigeria because of the heavy burden from government, but this can be settled.

FG Urges Health Professionals to Desist From Incessant Strike

By
BWN
-

The federal government has urged health professionals to cease from continual industrial action which has now become a usual occurrence in the health sector, adding that labour disputes are better resolved through dialogue rather than strike and violence.

The Minister of Health, Prof. Isaac Adewole said that incessant labour disputes have been ravaging health sector despite effort made by the present administration to revive the healthcare system.

“Health sector is one of the essential services that are prohibited by law from embarking on strike action. However the Ministry of Health has been subjected to so much ridicule and embarrassment as a result of frequent strikes by the different professionals that make up its work-force”

Adewole warned that henceforth any staff who chooses the path of strike in enforcing his/her demand should not be paid salaries and allowances within the period of strike.

“In order to revert to path of decency and discourage impunity, all Chief Executive Officers of agencies and hospitals under the supervision of the ministry are to strictly, enforce the No Work No Pay Policy.

Real Estate Investment Increases to $13.65 Billion in 2016

By
BWN
-

The Head of Department, Securities and Investment Services (SEC), Mr Abdulkadir Abbas has revealed that investment in real estate in Nigeria would rise from $9.16 billion in 2015 to $13.65 billion in 2016 according to Price Waterhouse Coopers (PwC) report of 2015.

Abbas made this known in Abuja at a 2-day intensive workshop for Real Estate Developers, organised by Real Estate Developers Association of Nigeria (REDAN) in collaboration with Centre for Housing Studies University of Lagos, Housing Programme on AIT Abuja and Housing Time on Raypower with the theme, “Real Estate Value Chain Enhancement for Increased Economic Growth Inclusiveness and Employment Generation “.

He also noted that real estate was one of the fastest growing sectors contributing 7.5% to GDP.

However, he highlighted the growing middle class demand for residential property which has resulted in propelling retail, industrial and commercial real estate development.

 “Housing is not only a basic necessity that affects the welfare of the citizenry but also a critical sector of an economy, so a viable and sustainable housing finance plan is essential,” he said.

LSE Inducts Seplat Boss Into Advisory Group

By
BWN
-
(L-R) Xavier Rolet, Chief Executive, LSE; Dr. A.B.C Orjiako, Chairman, Seplat Petroleum and Oscar Onyema,CEO,(NSE)

Dr. ABC Orjiako, Chairman of Seplat Petroleum Development Company, was selected to join a 12-man team inducted by the London Stock Exchange (LSE) into its Africa Advisory Group.

The Seplat Chairman was inducted in London by LSE Chief Executive, Xavier Rolet with his Nigerian counterpart, Oscar Onyema in attendance.

Dr, Orjiako is the sole Nigerian in a group of African business leaders that would function as an advisory body to the London Stock Exchange.

The African Advisory Group would be expected to come-up with a collaborative leadership study that would deliver to Africa, specific policy recommendations.

It would also be expected to provide a regular forum that would focus on trends and challenges of business operation format within the continent and also troubleshoot problematic issues that affect it from a commercial and social perspective, while helping to boost capital market development.

Also expected of the group: It would serve as a bridge between the London Stock Exchange and African capital markets that has received the endorsement of the United Kingdom government.

Seplat Petroleum is an independent indigenous Nigerian upstream exploration and production company with a focus on Nigeria and its shares are daily traded on the floors of the Nigerian Stock Exchange.

Nigeria’s Revenue in February Drops -MoF

By
BWN
-

Revenues generated by the Federal Government for the month of February dropped to 345.095 billion naira from 370.388 billion naira it recorded the previous month, January, due to fall in global prices of crude oil.

A statement released on Tuesday by the Federal Ministry of Finance (MoF), “There was revenue loss of $45.9 million as a result of a drop in average prices of crude oil from $39.04 in December 2015 to $29.02 in January 2016.”, it read.

“Also a substantial drop in income was recorded from oil and gas royalty, company income tax and import duties,” it added.

The MoF statement further read that the revenues which also included: VAT, refunds from NNPC and exchange gains would be distributed among the three tiers of government – the federal, state and local government authorities.

President Mohammed Buhari had expressed his determination to seek end to the nation’s absolute dependence on sales and export of crude oil and explore new frontiers such as the agricultural sector, solid minerals mining etc.

Nigeria had been in a state of flux since the global crude prices started its steep descend June 2014 and this had put most of the state governments into an had corners, most of whom were still owing the civil servants salary arrears and have had to suspend several projects embarked upon.

 

President Buhari Pledges Additional 10,000MW In 3 Years

By
BWN
-

President Muhammadu Buhari has promised that his administration would ensure steady power supply before the expiration of his tenure through the provision of additional 10,000 megawatts.

He stated that 2,000 of the anticipated 10,000 megawatts will be added to the national grid in 2016.

“Nigerians’ favourite talking point and butt of jokes is the power situation in our country. But, it is no longer a laughing matter.

“We must and by the grace of God we will put things right. In the three years left for this administration we have given ourselves the target of 10,000 megawatts distributable power.

He said the nation was facing the classic dilemma of privatisation of the power sector, noting that no remarkable improvement in the quality of service had been recorded after the exercise.

However, he noted that the National Electricity Regulatory Commission (NERC) must ensure that consumers get value for money and over-all public interest is safe-guarded as government will complete the process of the privatisation.

MEDICAL & HEALTHCARE JOBS | Reddington Multi-specialist Hospital Fresh Graduate and Exp. Job Recruitment

By
BWN
-

The Reddington Multi-specialist Hospital is a 5 star medical facility aiming to provide first world Healthcare within a challenging environment providing fully comprehensive tertiary hospital solutions in all medical fields. We seek to add professionally acclaimed individuals to our team.

Qualified applicants are hereby invited for the following vacant positions below:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

OIL & GAS JOBS | Business Development Manager at a Fast Growing Oil and Gas Company – FBA Global

By
BWN
-

FBA Global – Our client, a fast growing Oil and Gas company is currently seeking to employ suitably qualified candidate to fill the position below:

Job Title: Business Development Manager

Location: Lagos

Description of Duties and Responsibilities

  • Improve the company’s market position and achieve financial growth, build customer relationships
  • Identify business opportunities, negotiate and close business deals and maintain extensive knowledge of current market conditions
  • Prospect for new clients by networking
  • Must plan persuasive approaches and pitches that will convince potential clients to do business with the company
  • Set up meetings between clients’ decision makers and companys’ principals
  • Attend Industry functions such as association events and conferences and provide feedback and information on market trends
  • Understand the company’s goals and purpose so that will continually enhance the company’s performance

Requirements (Mandatory)
Educational Qualifications:

  • Candidates should possess Bachelor’s Degree qualification

Experience and Skills Required:

  • Must have 2-3 years of Sales or Marketing experience in an oil and gas company.

Application Closing Date
25th March 2016.

How to Apply
Interested and qualified candidates should forward their CV’s and cover letters in word or pdf to: operation@fbaglobal.com

Note: Candidates without Sales or Marketing experience in an oil and gas company need not apply.

MANUFACTURING JOBS | Procter and Gamble Northern Graduate Internship Program 2016

By
BWN
-

Procter and Gamble is the largest FMCG (Fast Moving Consumer Goods) company in the world with strong brands like Pampers, Ariel, Always, Gillette, Oral B just to name a few. We have been in existence for over 176 years globally and 21 years in Nigeria.

We are recruiting to fill the position below:

Job Title: Northern Internship Programme

Job ID: 1504219
Locations: Lagos, Ibadan and Agbara
Requisition Number: IME00000189

Job Description

  • The Internship drive is for freshly graduated NORTHERN students. Our aim is to pre-select exceptional under graduates for future internship openings in Procter and Gamble.
  • This opening is not limited to any specific field of study but only graduates with second class upper degree and above will be considered this time.
  • The job openings cover departments like Sales, Supply Network Organization, Marketing, Customer Market Knowledge, Human Resources e.t.c.
  • Successful candidates will be considered for openings across Procter & Gamble departments in Lagos, Ibadan, and Agbara. Note that no specific field of study is required for any particular department.

Qualifications

  • This opening is not limited to any specific field of study but only fresh NORTHERN graduates who are yet to serve and would not be going to NYSC camp in MARCH /APRIL 2016 will be considered this time.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should APPLY

Note

  • Candidates successful with this online application will be invited for a test.
  • Candidates should Click here to join our facebook page where Practice questions will be available for them to download in other to help them prepare in time for the test.

BUSINESS & ECONOMY JOBS | CAMRIS International, Inc. Fresh Job Recruitment (4 Positions)

By
BWN
-

CAMRIS International is a growing international development and research firm that realizes innovative solutions to health and development challenges through high-quality, cost-effective program and research management services.

With experience working in more than 80 countries, we combine our proven systems with today’s most effective, evidence-based best practices to improve the lives of people around the world. We apply a customized, customer-centric, cost-effective business approach to offer greater value to our clients and challenge the way things have always been done in our field.

We are recruiting to fill the following positions below:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

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