News
It’ll help in fixing economy – CSOs welcome Shippers Council Regulatory bill
A coalition of civil society organizations in Nigeria, known as the Coalition of Civil Society Groups for the Promotion of Accountability and Transparency in Governance, has expressed support for the proposed Nigeria Shippers Council regulatory agency bill, stating that it will address the country’s economic challenges.
Agenda Newspaper reports that the Bill for an Act to repeal the Nigeria Shippers’ Council Act and establish the Shipping and Port Economic Regulatory Agency Bill recently passed its second reading in the House of Representatives.
On May 27, 2024, the House Committee on Shipping Services and Related Matters conducted a public hearing to gather feedback on the bill.
If enacted, the proposed bill will grant the Nigerian Shippers Council the authority to effectively regulate the shipping industry, safeguard the interests of shippers, and stimulate economic growth.
During a press conference in Abuja on Monday, Patriot Nwogu Ndubisi, representing the coalition, praised the committee for holding the public hearing, which allowed stakeholders to provide input on the bill.
The group believes that the bill will help mitigate the country’s economic crisis, particularly the rising inflation.
“We specifically commend the House of Representatives for the swift consideration of the bill. We urge Senate President Godswill Akpabio to ensure the Senate matches the House’s pace in addressing the bill. We trust that the expedited processing of the Shipping Council Regulatory Bill aligns with the Senate President’s commitment to addressing inflation and economic hardships faced by Nigerians. We look forward to commending the Senate for its handling of the bill when it reaches the Red Chamber for concurrence,” the group stated.
They also called on President Bola Ahmed Tinubu to promptly sign the bill once it is passed to him.
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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