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SUBSIDY: Hope Uzodimma Fires Back At World Bank, Says Nigeria Trusts CBN For Sound Economic Policies



The executive governor of Imo State, Hope Uzodimma, says the country will continue to rely on the Central Bank of Nigeria (CBN) to secure the country’s economy.

Uzodimma said this on Friday while speaking with state house correspondents after meeting with President Muhammadu Buhari.

The World Bank had said the current petrol subsidy regime poses an “existential threat” to Nigeria, adding that the country would have to eventually get rid of the arrangement.

In response to this, the governor said the bank’s projections were perpetually inaccurate.

“Our own bank is Central Bank of Nigeria and we are going to look up to them to come up with policies that will protect and secure our economy,” he said.

Uzodimma added that “25 years ago, before 1999, the World Bank had always said Nigeria will break into pieces and today Nigeria has not been broken into a half piece”.

“This country is loved by God and our faith in God has been keeping this country,” he said.

According to him, the country has allies who are “friendly enemies”, internationally and nationally, but Nigeria continues to exist.

“There is nowhere in the world you will go and the gas stations you will see are not Shell, ExxonMobil, Texaco Overseas, all the major oil producing companies,” he said.

“It is only in Nigeria that you will hear languages like independent marketers, Okafor & Sons Filling Station and all that. What is the World Bank saying about that?

“It is only in Nigeria you talk about subsidy. What is World Bank saying about that?

“It is only in Nigeria you hear jargons like turnaround maintenance. Where else in the world do you have such language?

“A refinery is a process plant that requires just routine maintenance and cleaning, but here we spend billions of dollars to do what they call turnaround maintenance.

“If you have been to the United States, Texas in particular, where crude oil production is heavy, when you are arriving Houston airport, look at the environment; they plant vegetables, farmers live there, an environment where they produce crude oil.

“What is the cost of producing one barrel of crude oil in Houston by Shell and what is the cost of producing one barrel of crude oil by Shell in Nigeria?

“But if you are landing in Warri Airport, look at the local river, there is no fish anymore, the place is highly polluted. There’s total disregard to our environmental laws and nobody’s raising all these issues, rather what we want to occupy ourselves with is knowing a party that has Muslim-Muslim ticket and a party that has Christian-Christian ticket.

“So, they are making a mockery of us and if we don’t rise up and address our challenges, nobody, I repeat, nobody, will do it for us. We have to define our country, we have to identify, collectively, our national interest so we can also collectively defend it.”


Project Lead Africa Announces 2022 Leadership Excellence And Dignity Awards, Tagged “Rewarding Tenacity”



Organizers of Leadership Excellence And Dignity Awards have annouced November 13th for the 2022 maiden edition of Lead Awards. It was also revealed that the prestigious event will hold at the Dome International Conference Center, Akure, Ondo State.

Addressing a cross section of journalists over the weekend in Lagos, the Executive Director, Abiola Alaba Peters AAP, said the evening promises to be a gathering of captains of industries, government officials and prominent traditional rulers as far as Ondo State is concerned.

“It is our pleasure to announce to the general public, particularly the good people of Ondo State, that all is set for the 2022 Leadership Excellence And Dignity Awards. This announcement was necessary after several months of consultation and planning, the event will be live at the Dome International Conference Center, in Ondo State capital, Akure”

“The date is November 13th 2022, It’s going to be a cooperate night, an evening of glitz and glamour, we have put in so much into making this maiden edition a memorable one. And that is why we have also taking time to design the concept of the theme of this year ceremony, REWARDING TENACITY. We believe it’s time to celebrate the individuals and organizations who have put in their best in making our dear state what it is today”

“It’s promises to be a gathering of some of the biggest names in Ondo State, from politics, business, entertainment, among others, our traditional rulers are not going to be left out, we are also expecting guests from neighboring states. Alaba Peters concluded.

Giving further details on the event, the Media and Publicity Director, Adewoye Solomon, said although activities, such as nominations and voting has kicked off since January, the award ceremony will hold on a Sunday in the month of November 2022.

In his words, “Let me start by saying that, the process and activities for the award started in January this year, the award presentation will hold in Akure, on a Sunday, the second week of November 2022. Let me also add that, two months ago, we closed the voting process. We have about 25 categories of awards, which includes the special recognition category”.

“A total of 15 categories will be decided by general public, while the remaining 10 will be decided based on the panels’ decision. We received a good number of quality entries from across the state for this debut edition. We have our final shortlists of winners, which we are confident embody the excellence the awards stand for.”

Lastly, let me also add that, this is a strictly by Invitation event. We are introducing an electronic invites by next month. We also have some top celebrities coming in from Lagos. We will make some major announcement in the month of October, do well to follow us on all our social media pages for updates. Thank You “

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JUST IN: FG Makes U-Turn, Withdraws Order To Reopen Varsities



The Federal Government, through the National Universities Commission, Monday afternoon, withdrew its circular which ordered vice-chancellors, pro-chancellors, and governing councils to re-open federal universities.

It was reported earlier that a circular tagged NUC/ES/138/Vol.64/135 was addressed to all vice-chancellors; pro-chancellors and chairmen of governing councils of federal universities ordering them to re-open universities.

But in another circular tagged NUC/ES/138/Vol.64/136, which the Director, Finance also signed, and Account of the NUC, Sam Onazi, the commission withdrew the order.

Though it did not explain why. The letter tagged, “withdrawal of circular NUC/ES/138/Vol.64/135 dated September 23, 2022” partly read, “I have been directed to withdraw the NUC Circular Ref: NUC/ES/138/Vol.64/135, and dated September 23, 2022, on the above

“Consequently, the said circular stands withdrawn. All pro-chancellors, chairmen of governing councils, and vice-chancellors of federal universities are to please note. Further development and information would be communicated to all relevant stakeholders.

“Please accept the assurances of the Executive Secretary’s warmest regards”

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Retired Soldiers Stage Protest In Abuja Over Pay Discrepancies [PHOTOS]



Some retired soldiers on Monday in Abuja protested salary and pension gaps among the ranks of serving and retired military personnel.

The protesters were seen with mats and banners demanding that the federal government rectify the discrepancies.

One of the banners they carried, said, “Review the wide disparity in pay and pension across the ranks of servicing and retired personnel”

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