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Spare No Effort At Rebuilding Economy, PFN Tells Tinubu
The Pentecostal Fellowship of Nigeria (PFN) has urged President Bola Tinubu to persist in his efforts to revitalize the country’s economy and restore trust in the local currency.
PFN’s national president, Bishop Francis Wale Oke, speaking to reporters about the nation’s state, also appealed earnestly to all opposition leaders, particularly those who contested the 2023 presidential election and lost, to set aside their differences and collaborate with President Tinubu in this crucial period in the nation’s history.
Bishop Oke emphasized PFN’s acknowledgment of the president’s endeavors to rejuvenate the country, stressing the need for collective action and unity of purpose to expedite the nation’s recovery.
He advised President Tinubu to promptly review salaries and wages to mitigate the impact of hyperinflation affecting the country’s populace.
Bishop Oke reiterated PFN’s unwavering prayers for Tinubu and his administration to succeed, stating, “We recognize the efforts of the President of Nigeria, President Bola Tinubu, and his team. Should they falter, Nigeria would falter, and it would signify a collective failure. Hence, we pray for him and his team.”
However, he highlighted the prevailing hardships and escalating costs of living, stressing the urgent need for economic stabilization. He emphasized the necessity for salary adjustments to align with the prevailing economic conditions and ensure timely payment of wages and pensions.
Regarding security challenges, Bishop Oke urged the federal government to take decisive action against kidnappers, holding them accountable for their crimes.
He condemned the lavish lifestyles and ostentatious displays of wealth among bankers in the country, calling for prudence and accountability within the banking sector, especially amidst widespread unemployment and financial struggles among the populace.
Addressing concerns about certain religious figures questioning biblical teachings, Bishop Oke asserted that those challenging the authority of the Bible are not authentic religious leaders. He warned of the consequences for such individuals and emphasized the importance of prayer and correction within religious communities.
Dangote Refinery has announced that it will need to export 95-97 percent of its Premium Motor Spirit (petrol) due to low interest from Nigerian marketers. The refinery, which processes 650,000 barrels per day, revealed that only 3 to 5 percent of petrol marketers are purchasing its fuel.
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared these details during an X Space session hosted by Nairametrics on Wednesday. He highlighted the challenges facing both the Dangote Refinery and Nigeria’s oil and gas sector.
Edwin explained, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the remaining 95 to 97 percent has to be exported,” referring to the local sales of the refinery’s products.
This situation arises as the NNPCL’s deadline for adjusting the Dangote Refinery’s fuel distribution approaches without a clear plan in sight. It is worth noting that while Aliko Dangote, President of Dangote Group, has announced the refinery’s initial petrol rollout, its distribution to marketers is contingent upon NNPCL’s decisions.
The final sixteen teams for the 2024 FIFA U-20 Women’s World Cup in Colombia have been determined following the conclusion of the group stage.
In recent matches, Ghana triumphed over New Zealand with a score of 3-1, and Japan secured a 2-0 victory against Austria.
As a result, Japan has advanced to the Round of 16, joining the other 15 teams in this knockout stage.
The Round of 16 matches are scheduled for Wednesday, Thursday, and Friday.
The full lineup for the Round of 16 is as follows:
- Spain vs Canada
- Brazil vs Cameroon
- Colombia vs South Korea
- Mexico vs USA
- North Korea vs Austria
- Germany vs Argentina
- Netherlands vs France
- Japan vs Nigeria
The Nigerian Army has refuted claims of widespread resignations among its soldiers due to issues like corruption and low morale.
In a statement, Major General Onyema Nwachukwu, Director of Army Public Relations, dismissed these reports as unfounded.
A news outlet had alleged that numerous Nigerian soldiers were resigning because of corruption and low morale. However, the statement condemned these allegations as misleading and a deliberate attempt to create discontent and undermine the Nigerian Army’s reputation and the dedication of its personnel.
Major General Nwachukwu clarified that, similar to other military organizations worldwide, service in the Nigerian Army is voluntary rather than mandatory. This means that personnel have the freedom to resign following established procedures.
He explained that the resignation process allows personnel to prepare and manage their entitlements, including pensions and gratuities, as outlined in the Harmonized Terms and Conditions of Service (Officers/Soldiers).
Contrary to the report’s implications, the statement emphasized that Nigerian Army personnel are highly motivated, and their welfare is a priority under the leadership of Chief of Army Staff, Lieutenant General Taoreed Lagbaja.
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