A Niger Delta militant group, Urhobo Liberation Force (ULF), has threatened to carry out an operation that will return the country to recession if the Federal Government failed to make adequate budgetary provision for the Federal University of Petroleum Resources (FUPRE) Effurun, Delta State, in the 2018 Appropriation Bill within 14 days.

In a combined statement by the GOC, Operations and GOC, Defence, “General” Orubu Ekpe and “General” Mike Agbalele respectively, the group said: “We are giving 14 days ultimatum to the Federal Government to make adequate budgetary provision for the Federal University of Petroleum Resources, Effurun (FUPRE) as stated in the Act establishing the university accented to by the President, His Excellency, President Muhammadu Buhari on the 17th October, 2107. If not, the oil and gas facilities in Urhobo land will be blown off.”

“We, the Urhobo Liberation Force, will be ready to return the country to zero oil and gas production and force the country into another recession if adequate provision is not made within this period of the 14 days of our ultimatum,” it warned.

“The Urhobo nation is the fifth largest ethnic nationality in Nigeria, very rich with oil and gas. It has been marginalized in the administration of President Buhari. The Buhari Administration refused to give Urhobo nation a ministerial appointment and any viable position in the oil and gas sector. And a budgetary provision for financial implementation of the petroleum university in Urhobo land was deliberately left out in the 2018 Appropriation Bill (2018 Budget) sent by the President to the National Assembly.”

“While N45 billion was captured in the 2018 budget for North East Development Commission NEDC, it will interest you to note that NEDC Act was accented to a week after the Federal FUPRE Act by the president.

“We appreciate His Excellency for signing the FUPRE bill to an Act and the smooth take off of academic activities of the Nigerian Maritime University, Okerenkoko in Delta state. We will appreciate the federal government more if it makes quick U-turn to direct the National Assembly to allocate funds to the university, especially with the recent increase of oil benchmark from $45 per barrel to the current $72 per barrel- yielding an excess of about N152 billion derived from Urhobo nation,” it added.

The group further stated: “It has come to our notice that the plot of the federal government for not making budgetary provision for the smooth take-off of the university is as a result of the northern agenda to relocate the university to Kaduna, a parasitic state that has no single oil well and contribute nothing to the nation’s treasury. We recall that, the National Institute of Petroleum, Policy and Strategic (NIPPS) and the National College of Petroleum, Kaduna was established to kill FUPRE, which plot has failed in several attempts made.”

“These are institutions that are trying to kick-off without students at the moment, but were given the sum of N15 billion and N10.4 billion respectively by PTDF, yet FUPRE that has graduated students and running for 11 years now has no single funding from PTDF . This is to show the level of federal government’s bias towards the Niger Delta.

“We call on all militant groups with genuine intent towards the development of the Niger Delta region to join forces with us to correct this wicked and devilish agenda of this administration aimed at under developing the oil-rich Niger Delta.

“We also call on the leadership of the Pan Niger Delta Forum (PANDEF) to wade into this issue as a voice of the Niger Delta people with our entire mandate. If we strike, we will not listen to their call for peace. This should not be taken as a threat but all necessary machinery to carry out this operation has been put in place.

“All oil and gas facilities in the upland will be blown off, we advise all oil and gas companies operating the upland to take note because this operation shall be bloody,” the militant group stated.

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BIG STORY

Federal Government Earmarks N827bn For Education Infrastructure In 2025 Budget

Published

2 hours ago

December 18, 2024

PorscheClassy News

Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has announced that the Federal Government has disbursed a total of N34bn in loans to students studying at tertiary institutions across the country through the “Nigeria Education Loan Fund.”

The President made this statement on Wednesday while presenting the N49.7tn 2025 budget estimates to a joint session of the National Assembly. He also highlighted that the government has allocated N826bn for infrastructure development in the education sector for the 2025 fiscal year.

He stated, “Our administration has so far disbursed N34bn to over 300,000 students via the Nigeria Education Loan Fund.”

“In the 2025 budget, we have made provision for N826.90bn for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education and the nine new higher educational institutions.”

He continued, “We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated N402bn for infrastructure investments in the health sector in the 2025 budget and another N282.65bn for the Basic Health Care Fund.”

“Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians.”

“This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.”

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BIG STORY

President Tinubu Targets N1,500 Per Dollar Rate In 2025 Budget Goals

Published

2 hours ago

December 18, 2024

PorscheClassy News

Nigeria’s President, Asiwaju Bola Ahmed Tinubu, on Wednesday, stated that the Federal Government aims to stabilise the exchange rate at N1,500 to the dollar to ensure the smooth implementation of the 2025 budget.

This marks a reduction of about N200 from the current rate of N1,700 to a dollar.

President Tinubu made this known while presenting the 2025 Appropriation Bill to a joint session of the 11th National Assembly in Abuja.

“The budget projects that inflation will decline from the current rate of 34.6% to 15% next year, while the exchange rate will improve from approximately N1,700 per dollar to N1,500. The base crude oil production assumption is set at 2.06 million barrels per day”, he said.

“The projections are based on the following observations: reducing the importation of petroleum products, increasing exports of refined petroleum”. He added.

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BIG STORY

JUST IN: 32 Reportedly Die In Ibadan Children Programme Stampede

Published

5 hours ago

December 18, 2024

PorscheClassy News

At least 32 people have tragically lost their lives during a stampede at a children’s carnival in Ibadan, the Oyo State capital, in the early hours of Wednesday.

A statement from the Commissioner for Information and Orientation, Prince Dotun Oyelade, revealed that the stampede occurred at a private children’s funfair at Islamic High School, Basorun, resulting in the deaths of 32 people, mostly children, with some others sustaining injuries.

He mentioned that the state government promptly deployed a rapid response team to the site following the incident.

The commissioner confirmed that the victims have been transported to various hospitals across Ibadan for medical treatment.

While thanking the Commissioner for Health, Dr. Oluwaserimi Ajetunmobi, for quickly activating all available response teams to assist at the scene, Oyelade emphasized that the state government will do everything possible to support the victims of the stampede during this difficult time.

He noted that the sate government was not involved in the planning of the carnival, adding that the Ministry of Health was also not carried along in the organisation of the private end of the year children funfair.

Oyelade emphasised the importance of proper coordination when organising events of such magnitude, especially those involving children and elders.

“We are currently awaiting a detailed report from the Commissioner of Police to clarify the total number of victims involved in this unfortunate incident,” he said.

The commissioner urged parents who are concerned about the whereabouts of their children to check the following medical facilities in Ibadan where affected children were taken for proper medical attention, with a valid means of identification:

Patnas Hospital, Basorun
Western Hospital, Basorun
Ringroad State Hospital
Molly Specialist Hospital
University College Hospital (UCH)

“Oyo State Government extends its deepest sympathies to the families affected by this tragedy while also urging the public to remain calm and cooperative as relevant pieces of information are gathered and necessary supports arranged for the victims,” he added.

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