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Finally! Wike Breaks Silence On PDP Crisis, Says Atiku Lied

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Rivers State Governor, Nyesom Wike has finally reacted to the events that have unfolded in the aftermath of the presidential primary election of the Peoples Democratic Party (PDP).

He spoke on Friday at the Port Harcourt International Airport in the Rivers State capital shortly after he returned from a foreign trip.

“I have decided to be quiet because PDP is a party I love so much,” said the governor during a briefing with reporters. “I have moved on to conclude my social contract with the people of Rivers. However, it is time to let Nigerians know the truth.”

Governor Wike faulted the speech by the PDP presidential candidate, Atiku Abubakar, on the day he unveiled Governor Ifeanyi Okowa as his running mate.

He also accused the former vice president of telling lies against him, as well as using some chieftains of the main opposition party to spread falsehood against his person.

The governor vowed to respond to both the party’s flagbearer and the party chieftains whom he described as Atiku’s ‘attack dogs’ one-by-one and line by line in due time.

He said posterity would not forgive him should he fail to set the record straight and promised to clear the air after the commissioning of the projects lined up for inauguration by the state government.

On the reconciliation committee set up by the PDP leadership, Governor Wike stated that former Vice President Atiku had yet to send any delegation to him.

He, however, said a former President of the Senate, Bukola Saraki, met with him in Spain, although in his personal capacity.

According to the governor, the former vice president came to his house to beg for support but suddenly does not know the way to his house any longer.

He went on to challenge anyone to identify that he or she was sent by the PDP candidate to speak to him about the issue in the PDP and the aftermath of the party’s presidential primary.

Governor Wike who said the idea of setting up a committee was only being seen in the media, however, insisted that he would remain in the PDP and help rebuild the party.

“I am not a slave and will not be a slave. I am freeborn of the country,” he declared.

In the party’s presidential primary held in May, Atiku polled 371 votes to emerge as the PDP’s flagbearer ahead of Wike who scored 237 votes to come second in the contest.

Former Senate President Bukola Saraki (70); Akwa Ibom State Governor Udom Emmanuel (38), Bauchi State Governor Bala Mohammed (38), Former Senate President Pius Anyim (14), Mrs Tari Diana Oliver (One), and Mr Sam Ohuabunwa (1) shared the remainder of the valid votes.

Weeks after the primary was held, the PDP presidential candidate named Governor Ifeanyi Okowa as his running mate in the forthcoming election.

This, however, led to a disagreement among party stakeholders as some commended the choice of Okowa while others rejected it, saying Atiku should have picked Wike who was the runner-up in the primary in the stead of his Delta counterpart.

In a bid to address the perceived grievances of the governor, the Board of Trustees (BOT) of the PDP set up a reconciliatory committee to meet with Wike of Rivers State over the fallout of the party’s presidential primary and crisis trailing the nomination of a running mate.

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Inflation: Real Reason Indomie Reduced Prices Of Popular Staple Food Item Revealed

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In the face of mounting inflationary pressures in Nigeria, Indomie Instant Noodles, a major brand under Dufil Prima Foods Limited, has announced a substantial price cut to ensure affordability for consumers.

The move was made to preserve availability to this well-liked essential food item in response to the growing economic difficulties that Nigerians were facing.

And this is supported by a recent survey that was carried out at a number of Lagos-based stores and found that the costs of Indomie goods had significantly dropped. When compared to the previous month, the price of the 70g pack of Indomie Regular Chicken noodles dropped to N250.

Additionally, the price of a 40-pack carton of Indomie dropped from N12,000 to N10,000 within the same timeframe. Prior to this adjustment, Indomie’s prices had surpassed those of competing brands such as Mimee (N200) and Honeywell noodles (N250).

Temitope Ashiwaju, the group corporate communications & event manager at Dufil Prima Foods Limited, attributed the price reduction to favourable changes in operational costs.

He emphasized the company’s commitment to passing on benefits to consumers, stressing their dedication to fairness and affordability.

“We are never going to be taking advantage of the populace. We want to make profit, but in a fair way,” the spokesman added. “That is why we are determined to keep our products affordable to Nigerians.”

Contrary to speculations suggesting low patronage as the driving factor behind the price adjustment, Ashiwaju reaffirmed that the decision was rooted in the company’s ethos of customer-centricity and fairness.

Industry experts have hailed Dufil Prima’s move as influential, predicting a ripple effect that could prompt other brands to follow suit because Indomie’s dominant position in the market has positioned it as a price setter, prompting expectations for broader shifts in pricing strategies across the industry.

The price reduction by Indomie comes amidst a backdrop of economic challenges in Nigeria, characterized by soaring inflation rates.

Over the past nine months, Nigeria has witnessed a steady rise in headline inflation, driven primarily by government reforms such as the removal of petrol subsidy and naira devaluation.

As a result, food inflation has surged, exacerbating the financial strain on households and leading to an increase in poverty levels.

Despite these economic headwinds, a recent report by Euromonitor International indicates robust growth in the sales value of noodles within Nigeria’s formal market.

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Lagos State Government Disburses N4.48bn In Pension Benefits To Retirees

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  • Governor Sanwo-Olu Upholds Commitment to Pensioners’ Welfare with Timely pay

 

The Lagos state government on Thursday, March 28, paid a total of N4.48 billion in pensions to 1,455 retirees for the month of March.

The payment was given at the Lagos State Pension Commission’s (LASPEC) 104th retirement bonds certificate presentation.

When LASPEC paid N3.2 billion in accrued pensions to 1,013 retirees during the 103rd retirement bonds certificate ceremony in February, the state governor, Babajide Sanwo-Olu, had promised to pay at least N4 billion in March.

To settle all pending accrued pensions by the middle of the year, the governor guaranteed that the state government would pay an additional N3 billion in April.

While he acknowledged the backlog in the payment of accrued rights, Sanwo-Olu noted: “Our attention is focused on systematically eliminating the backlog.”

He also expressed optimism about the actualisation of the government’s dream of a “Pay-As-You-Go” model before his term ended.

At the presentation, LASPEC Director-General, Babalola Obilana, said that the monies were released for civil personnel who retired before the start of the Contributory Pension Scheme in 2007.

Obilana expressed gratitude to Sanwo-Olu for his steadfast dedication to the well-being of the state’s residents.

The governor, he pointed out, had consistently placed pensioners’ interests first and supported measures to lessen their financial difficulties.

He assured that by mid-2024, retirees from the state would receive their benefits as they departed from government employment, emphasising that the governor had kept his word to clear all pension arrears.

Obilana said: “On behalf of Gov. Sanwo-Olu and the entire Lagos State Government, I extend my heartfelt gratitude to all of you present at this memorable event.

“Lagos State is thankful for your accomplishments and the enduring contributions you have made throughout your distinguished careers.

“You have exemplified the values that define Lagos State – integrity, commitment, and excellence.

“Your dedication and hard work have contributed to the dream of a `Greater Lagos’.

You are a source of inspiration for us all. Your legacy will undoubtedly continue to resonate within the public service.”

LASPEC DG further urged retirees to be cautious of fraudsters and choose suitable pension investments. He highlighted the transition from professional life to leisure and hoped their future would be full of happiness and fulfillment from a rewarding professional life.

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Federal Government To Grant Mining Licenses To Only Companies That Process Locally

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Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on Thursday.

This is a departure from Nigeria’s long-standing practice of exporting raw commodities, as governments around Africa work to increase the value derived from their substantial mineral reserves.

To spur investment, Nigeria will offer investors incentives including tax waivers for importing mining equipment, make it easier to secure electricity generation licences, allow full repatriation of profits and boost security, Segun Tomori, a spokesperson for Nigeria’s minister of solid minerals development said.

“In exchange, we have to review their plans for setting up a plant and how they would add value to the Nigerian economy,” Tomori said. He did not say when the guidelines would be finalised or come into effect.

However, last week the minister of solid minerals development, Dele Alake, said it was now government policy to make value addition a condition for obtaining licences so as to create jobs and help local communities.

Alake, who also chairs an African mining strategy group comprising mining ministers from Uganda, Democratic Republic of Congo, Sierra Leone, Somalia, South Sudan, Botswana, Zambia and Namibia, is pushing for a continent-wide effort to get maximum local benefit from mineral exploration.

Nigeria, Africa’s top energy producer, has struggled to extract value from its vast mineral resources due to poor incentives and neglect. The underdeveloped mining sector contributes less than 1% of the country’s gross domestic product.

Last year Nigeria exported mostly tin ore and concentrates worth about 137.59 billion naira ($108.34 million), mainly to China and Malaysia, according to the country’s statistics bureau.

The government aims to drive more investment into the sector by issuing more licenses. It has set up a state-owned solid minerals corporation offering investors a 75% stake and established a special security unit tasked with fighting illegal miners.

The government is also trying to regulate artisanal miners, who dominate the sector, by grouping them into cooperatives.

Foreign mining companies operating in Nigeria include Canada-based Thor Explorations which is involved in gold exploration, Chinese-owned Xiang Hui International Mining which partnered with a local company to process gold, and Indian-owned African Natural Resources and Mines, which is building a $600m iron ore processing plant in northern Nigeria.

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