Connect with us
study in Ukraine

Nigeria News

Uduaghan , Anyim, Dangote warn on oil dependence

Published

on


JETHRO IBILEKE/Asaba

Going by the present indices in the oil market, bleak future awaits Nigeria, if it continues to rely on oil-based revenue to finance it’s yearly budget.

Secretary to the Government of the Federation, Senator Anyim Pius Anyim, Governor Emmanuel Uduaghan of Delta State and the chairman of Aliko Dangote Group, Alhaji Aliko Dangote made this grim prediction Thursday at the ongoing 9th Guild of Editors Conference, holding in Asaba, capital of Delta State.

Pius Anyim, Governor Uduaghan and Femi Adesina

Pius Anyim, Governor Uduaghan and Femi Adesina

According to them, these frightening indices will ultimately crash the price of oil in the international market.

These indices which they described as frightening, include the discovery of oil in several African countries, the discovery of shale oil by the Americans as well as the prospects of further discoveries of alternatives in European countries.

For these obvious reasons, the trio warned that Nigeria needs an urgent diversification from oil-based revenue generation, or else a possible collapse of the economy was imminent.

Engr. Joseph Makoju who presented the keynote address on behalf of Alhaji Dangote, said: “Today, the main market of our oil, USA is on an annual basis demanding less and less of the product. They have found an alternative and in fact it is being projected that by 2020, the USA would be an importer of the product.

“The demand for Nigerian crude is dropping and supply for the product from other countries has increased, hence the price of the product in the economic sense would drop.”

To avert the possible economic doom, they proposed measures that the nation must take to avoid a total collapse of the economy should the demand for the product cease.

According to them, Nigeria must diversify the economy by using the resource from oil to drive industrialisation; adding value to the raw material; and begin to develop the local market enhance local consumption of finished products.

“We believe that it is time we stop exporting crude just like the raw material but to start adding value to our crude because the competition is stiff. We need to start producing petroleum products not just crude. We must begin to look at local consumption of the product. We have a market here in this country because of our huge population. We should develop a market for our petroleum products not only in Nigeria but across the West African sub-region. We must begin to use petroleum resource to drive industrialisation because it is through this that we can add value to our various raw materials and stop importation of home made goods. It should be noted that any time we import, we are export jobs,” Dangote stated.

On his part, Senator Anyim went further to highlight the role of editors in the diversification from oil-based economy to a non-oil economy, saying that editors must strive to remain as patriotic professionals.

“As we look at the future of Nigeria, the greatest role of the editor is that he must remain a true patriot. We must be men and women of reason and judgement of our profession to retain its pride of place in our society.

“Our most critical needs would include fostering unity and peace for sustainable development; deepening the democratic culture; protection of constitutionalism, promotion of human rights and advancement of political, social and economic indicators.

“These are necessary conditions for national security, national peace, social harmony and national cohesion. It is only in this mood that we can overcome the challenges ahead,” Anyim submitted.

Also contributing on the need for economic generation, President of the Nigerian Guild of Editors, Mr. Femi Adesina, who lamented that for the past four decades, the nation has run a mono-product economy with petroleum being the mainstay, noted that the host governor has been very passionate about charting a future for the state beyond oil.

He said the conference was the contribution of editors on how to avoid the imminent economic collapse and build an economy that is diversified from oil.

Adesina who set the tune for the discussion in his welcome address when he said the theme of the conference was for the “hour and for the season,” urged the federal government to imbibe the passion behind the ‘Delta beyond Oil’ mantra, insisting that it has become imperative that “we must envision and evolve a Nigeria beyond oil, otherwise we perish. Nigeria must now diversify or die.”

“We have allowed the easy money from oil to strangulate other cash cows like agriculture, tourism, solid minerals and many others but as we say everyday is not Christmas and the egungun festival must end one day. The honeymoon is about ending, oil is fast becoming a vanishing source of easy revenue.

Labaran Maku: reels out Government efforts to grow non-oil sector

Labaran Maku: reels out Government efforts to grow non-oil sector

“Doomsday is by the corner except we become so active and stave-off the evil. Can you imagine a Nigeria that can no longer fund its imports yet remain a consumer nation? Can you consider the chilling prospect of a nation that is no longer able to pay the wages and salaries to its army of civil and public servants? Surely things will fall apart and anarchy will be loose on the landscape,” he stated.

Minister of Information, Mr. Labaran Maku mentioned the multi-faceted efforts by the Jonathan administration to move Nigeria away from oil dependence. Such efforts included the investments in agriculture, the encouragement of local industries, investment in infrastructure, such as power generation and roads.

The host governor, Dr. Emmanuel Uduaghan also spoke on the various efforts by the state to build an economy not dependent on oil. His state has been exploring the theme the past six years and has begun to put in place, some concrete efforts to steer the economy of the oil rich state, away from oil.

The 9th edition of Guild of Editors Conference, has as its theme, “Nigeria beyond Oil: The Role of the Editor.”

——————————————————————————————————————————————-
Posted in Nigeria News. A DisNaija.Com network.

Source: PM News

DisNaija.Com publishes regular posts on Nigeria News, Nigerian Newspapers, Online Nigeria Gist.

Follow us on Twitter and Facebook.

Nigeria News


Your Opinion Counts. Be sure To Leave A Comment, If You Have Any.

Please Like, Share or Tweet. Your Support Is Appreciated.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Nigeria News

Kano Transfers Over 1,000 Almajiris To Different States Amidst COVID-19 Pandemic

Published

on

The Kano State Government on Saturday said it has transferred 1,098 ‘almajiris’ to different states of the country.

The commissioner for local government, Murtala Garo, disclosed this while presenting a report before the state’s task force on COVID-19 at the government house, Kano.

Almajiris are children who are supposed to be learning Islamic studies while living with their Islamic teachers. Majority of them, however, end up begging on the streets of Northern Nigeria. They constitute a large number of Nigeria’s over 10 million out-of-school children.

Mr Garo said the Kano government transported 419 almajiris to Katsina, 524 to Jigawa and 155 to Kaduna. He said all of them tested negative for coronavirus before leaving the Kano State.

Despite the coronavirus test done in Kano for the almajiris, the Jigawa government earlier said it would quarantine for two weeks all the almajiris that recently arrived from Kano.

Mr Garo said another 100 almajiris scheduled to be taken to Bauchi State also tested negative to COVID-19.

In a remark, Governor Abdullahi Ganduje said the COVID-19 situation in Kano was getting worse. He appealed for a collaborative effort to curtail the spread of the virus in the state.

Mr Ganduje, who commended residents for complying with the lockdown imposed in the state, said the decision was taken to halt the spread of the virus.

Kano State, as of Saturday night, has 77 coronavirus cases, according to the Nigeria Centre for Disease Control.

The decision to transfer the Kano almajiris is part of the agreement reached between Northern governors that almajiris in each state be transferred to their states of origin.

However, even before the latest agreement by the governors, the Kano government had been transferring almajiris to other states and neighbouring countries after it banned street begging in the state, most populous in Northern Nigeria.

Despite the transfers, however, no concrete step has been taken to ensure such children do not return to Kano streets as there is freedom of movement across Nigeria although interstate travel was recently banned to check the spread of the coronavirus.

 

Sourced From: Premium Times Nigeria

Continue Reading

Nigeria News

COVID-19: ‘Bakassi Boys’ Foil Attempt To Smuggle 24 Women Into Abia In Container

Published

on

By Ugochukwu Alaribe

Operatives of the Abia State Vigilante Service, AVS, popularly known as ‘Bakassi Boys’ have arrested 24 market women hidden in a container truck, at Ekwereazu Ngwa, the boundary community between Abia and Akwa Ibom states.

The market women, said to be  from Akwa Ibom State, were on their way to Aba, when they were arrested with the truck driver and two of his conductors for violating the lockdown order by the state government.

Driver of the truck, Moses Asuquo, claimed he was going to Aba to purchase stock fish, but decided to assist the market women, because they were stranded.

A vigilante source told Sunday Vanguard that the vehicle was impounded while the market women were sent back to Akwa Ibom State.

Commissioner for Home Land Security, Prince Dan Okoli, who confirmed the incident, said that  smuggling of people into the state poses great threat to the state government’s efforts to contain the spread of COVID- 19.

 

Sourced From: Vanguard News

Continue Reading

Nigeria News

Woman Kills Her Maid Over Salary Request

Published

on

Operatives of the State Criminal Investigation and Intelligence Department (SCIID), Yaba of the Lagos State police command have arrested one Mrs Nene Steve for allegedly killing her maid, Joy Adole

The maid was allegedly beaten to death by Nene for requesting for her salary at their residence located at 18, Ogundola Street, Bariga area in Lagos.

Narrating the incident, Philips Ejeh, an elder brother to the deceased said that he was sad when they informed him that his sister was beaten to death.

He explained that the deceased was an indigene of Benue State brought to Lagos through an agent and started working with her as a maid  in January 2020.

‘’She reported that her boss refused to pay her and anytime she asked for her salary she will start beating her.

She was making an attempt to leave the place but due to the total lockdown she remained there until Sunday when her boss said she caught her stealing noodles and this led to her serious beating and death,’’ Ejeh said.

He called on Lagos State Government and well- meaning people in the country to help them in getting justice for the victim.

The police spokesman, Bala Elkana, stated that the woman and her husband came to Bariga Police  Station to a report that their house girl had committed suicide.

Detectives were said to have visited the house and suspected foul play with the position of the rope and bruises all over the body which confirmed that the girl had been tortured to death and the boss decided to hang up the girl to make it look like suicide.

He said: “The police moved on with their investigation and found a lot of sign of violence on her body that she has been tortured before a rope was put on her neck.’’

He added that the police removed the corpse and deposited it in the mortuary for autopsy to further ascertain the cause of the death.

Elkana said the matter has been transferred from Bariga police station to Panti for further investigation while the couple have been arrested and will be charged to court.

Continue Reading

Tribune

Boko Haram Attacks: Buhari Summons Urgent Meeting Of Service Chiefs

Published

on

President Buhari and the Service Chiefs in a meeting. (File photo)

Ostensibly alarmed by the latest killings of dozens of soldiers by Boko Haram insurgents, President Muhammadu Buhari has summoned an urgent meeting of Service Chiefs to find ways to stop the trend. 

He has also dispatched the Minister of Defence, Mansur Dan Ali, to the neighbouring Republic of Chad for an urgent meeting with President Idris Deby and his defence counterpart. 

Knowledgeable sources said in Abuja on Friday that the president is worried by on the deterioration of security situation on the Nigeria – Chad Border that has led to the recently increased Boko Haram terrorism in the area.

The sources which did not want to be named in Abuja said: “Nigeria has a Chad  problem in the Multi-National Joint Task Force (MNJTF) put together to secure the Lake Chad basin areas and repeal the Boko Haram terrorist attacks against all the countries neighbouring the Lake.”

The sources noted that Chad is believed to be having their own internal security challenges and this has reportedly led to their pulling away their own troops manning their own border around Lake Chad,  saying: “That lacuna is being exploited by the Boko Haram terrorists, who go in and out of Nigeria, Niger and Cameroon to launch terrorist acts.  This is a clear illustration of the fact that terrorism is beyond national borders.”

When contacted, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, confirmed that the Defence Minister is going to Chad but said he is unaware of the purpose. 

Meanwhile, the military authorities are said to be in the process of identifying the families of the latest victims with a view to making contact with them. 

Credible sources revealed that it is the reason the president is yet to make any pronouncement on the matter. 

“The President has called an urgent meeting with the Service Chiefs, as well as the fact that families of the latest victims of the Boko Haram are being identified and contacts made before a government pronouncement on the tragic attacks. This, it is understood, is the reason for the silence of the government over the incident,” the source said. 

 

Sourced From: Tribune

Continue Reading
Advertisement study in Ukraine

Politics

Popular Posts