Connect with us

Economy

Zamfara trains 5,000 women, youths in modern fish farming

Published

on

Zamfara trains 5,000 women, youths in modern fish farming

… As CSOs urge FG to tackle oil pollution***

Zamfara has trained 5,000 women and youths in modern fish farming under Gov. Bello Matawalle’s Youths Farmers Empowerment Scheme.

The latest set of trainees was given fish farming equipment worth millions of Naira in Gusau on Sunday.

The newsmen report that the training was organised and sponsored by the Commissioner for Finance, Sufiyanu Yuguda.

The Head of Service, Kabiru-Muhammad Gayari, who represented the governor at the distribution of equipment, urged the trainees to use the training given to them judiciously.

He said the training was one government’s numerous empowerment schemes designed to eradicate unemployment and idleness among youths and to reduce their over-dependence on the government.

“It is our hope that the participants will use both skills and equipment given to them to become self-reliant and establish their own businesses,’’ Gayari said.

The Emir of Gusau, Alhaji Ibrahim Bello, who was present at the occasion, commended the finance commissioner for sponsoring the programme.

He urged other political office holders to emulate Yuguda to reduce unemployment and poverty in the state.

Special Adviser to Gov. Matawalle on political matters, Ibrahim Ma’aji, who represented the All Progressives Congress (APC) chairman in Zamfara, Alhaji Tukur Danfulani described Gov. Matawalle’s administration as youths and women oriented.

He said the APC is proud of the government in the state considering various development programme initiated for the masses.

Earlier, Yuguda said he dedicated the project to Matawalle.

“This is one of the laudable blueprints of Matawalle-led administration in the state to help to promote income-generation by the poor and the vulnerable.

“We will continue to do more to ensure that the dividends of democracy got to the common man.

“After this training, there will be a follow-up to access the sustainability of the project for us to register another set of the beneficiaries,’’ Yuguda said.

Aliyu Umar and Umaima Ibrahim who spoke on behalf of the beneficiaries commended Gov. Matawalle and Yuguda for giving them the opportunity to improve on their lives.

 

 

In another development,  a coalition of Civil Societies, Publish What You Pay (PWYP), has called on the Federal Government to resolve the oil pollution in the Niger Delta, its attendant environmental impacts and climate disasters.

The National Coordinator of  (PWYP), Mr Taiwo Otitolaye, made the call in a statement in Abuja on Saturday.

According to Otitolaye, It is time for the Nigerian government to unmask the long years of inefficiency and low capacity to resolve the oil pollution in the Niger Delta, its attendant environmental impacts and climate disasters.

The newsmen report that the PWYP is a coalition of civil societies that is championing transparency and accountability in the extractive industry.

It has championed this through the scrutiny of revenue payments and receipts, tracking and accessibility to such records and publicity as the case may be.

PWYP National coordinator said, “What is urgently needed is stoppage of the spills, mitigation, restitution and adequate compensation to the communities, and the environment.

“This is another exposure of lily-livered politicians and leadership camouflaging as representatives of the people.

“The recently enacted Petroleum Industry’s Act (PIA) should not be another idle roll call register, it must be effectively used to regulate irregularities in the oil and gas sector.

“Political will must not only be exercised to aggravate the sufferings of the citizenry through petroleum price increases without benefits and corresponding development,” he said.

 

Economy

Makinde Presents N434.2bn 2024 Budget Proposal For Oyo State

Published

on

PDP’s Agboworin wins House of Representatives re-run election in Oyo

 Gov. Seyi Makinde of Oyo State on Tuesday presented a budget of N434.2 billion for 2024 to the State House of Assembly for consideration and approval.

According to Makinde, the budget is made up of N222.3 billion for capital expenditure, and N211.8 billion for recurrent expenditure.

Presenting the budget tagged: “Budget of Economic Recovery”, the governor said the capital expenditure is 2.4 percent higher than the recurrent expenditure.

He added that the 2024 budget was estimating an increased Internally Generated Revenue of N72 billion with an average of N6 billion monthly.

Education gets the highest share of the budget with N90.6 billion or 20.8 percent of the budget, followed by Infrastructure which gets N74.3 billion or 17.1 percent of the appropriation bill.

The health sector takes the third position with N40.9 billion, which is 9.4 percent and Agriculture has N15.8 billion, which is 3.6 percent of the total budget proposal.

PDP’s Agboworin wins House of Representatives re-run election in Oyo

*Governor Seyi Makinde

He promised that the 2024 budget would cover projects, policies, and actions “which when implemented will cushion the effect t of the hardship the people are facing as a result of fuel subsidy removal.”

Makinde further said that his administration would continue to use technology to block loopholes, saying his government has no plan to increase taxes.

He urged the House of Assembly to see to the speedy passage of the budget proposal for the state’s economic growth and benefit of the people of Oyo State.

Responding after the presentation, the Speaker of the House of Assembly, Mr ‘Debo Ogundoyin (PDP Ibarapa East) assured the governor of speedy consideration of the Appropriation Bill.

Continue Reading

Economy

Troops Destroy 51 Illegal Refining Sites, Recover Stolen Crude Oil – DHQ

Published

on

….Destroy 7 dugout pits, 25 boats, 47 storage tanks, five vehicles, one outboard engine, others

The Defence Headquarters says  troops of Operation Delta Safe have  destroyed 51 illegal oil refining sites and recovered stolen crude oil and refined products in the Niger Delta in the last one week.

The Director of Defence Media Operations, Maj.-Gen. Edward Buba, disclosed  in a statement on Friday in Abuja.

Buba said the troops also apprehended 58 perpetrators of oil theft and denied them of  estimated sum of N668.7 million

He said the troops destroyed seven dugout pits, 25 boats, 47 storage tanks, five vehicles, 141 cooking ovens, one pumping machine, one outboard engine, one tricycle, one speedboat and one tugboat.

According to him, troops recovered 267,700 litres of stolen crude oil, 567,700 litres of illegally refined AGO and 5,000 litres of DPK.

“Troops has maintained momentum against oil theft and arrested persons involved in oil theft in Bonny and Ikpoba Local Government Areas of Rivers and Edo States respectively.

“Troops also arrested suspected armed robbers and foiled illegal bunkering activities in Oshimili South and Ukwa West of Delta and Abia States respectively,” he said.

In the South East, Buba said  troops of Operation UDO KA arrested 15 suspected criminals and repelled attacks by IPOB/ESN criminals in Anambra, Abia and Imo States.

He said the troops conducted raids and rescued kidnapped hostages in Ishielu and Igbo Eze North Local Government Areas of Ebonyi and Enugu States respectively.

He said the troops neutralised three criminals, rescued five kidnapped hostages and recovered 14 rounds of 7.62mm NATO ammo.

In the South West, Buba said  troops of Operation AWATSE foiled armed robbery attacks in Orelope and Olorunsogo Local Government Areas of Oyo State and arrested a gunrunner in Obafemi Owode Local Government Area of Ogun.

According to him, troops rescued 15 kidnapped hostages and recovered two vehicles.

“All recovered items, arrested suspects and rescued hostages were handed over to the relevant authority for further action,” he added.

Continue Reading

Economy

NEPZA Boss Says Nation’s Free Trade Zones Not Really `Free’

Published

on

The Nigeria Export Processing Zones Authority (NEPZA) says the country’s Free Trade Zones are business anchorages that have for decades been used to generate revenues for the Federal Government.

Dr Olufemi Ogunyemi, the Managing Director of NEPZA, said this in a statement by the authority’s
Head of Corporate Communications, Martins Odeh, on Monday in Abuja, stressing that the the widely held notion that the scheme is a `free meal ticket’ for investors and not a means for the government to generate revenue is incorrect.

Ogunyemi said this public statement was essential to clarify the misunderstanding by various individuals and entities, in and out of government, on the nature of the scheme.

He reiterated the authority’s commitment to enhancing public knowledge of the principal reason for the country’s adoption of the scheme by the NEPZA Act 63 of 1992.

“The Free Trade Zones are not hot spots for revenue generation. Instead, they exist to support socioeconomic development.

“These include but are not limited to industrialisation, infrastructure development, employment generation, skills acquisition, foreign exchange earnings, and Foreign Direct Investments(FDI) inflows,” Ogunyemi said.

The managing director said the NEPZA Act provided exemption from all federal, state, and local government taxes, rates, levies, and charges for FZE, of which duty and VAT were part.

“However, goods and services exported into Nigeria attract duty, which includes VAT and other charges.

“In addition, NEPZA collects over 20 types of revenues, ranging from 500,000 dollars-Declaration fees, 60,000 dollars for Operation License (OPL) Renewal Fees between three and five years.

“There is also the 100-300 dollar Examination and Documentation fees per transaction, which occurs daily.

“There are other periodic revenues derived from vehicle registration and visas, among others.

“The operations within the free trade zones are not free in the context of the word,” he said.

Ogunyemi said the global business space had contracted significantly, adding that to win a sizable space would require the ingenuity of the government to either expand or maintain the promised incentives.

“These incentives will encourage more multinational corporations and local investors to leverage on the scheme, which has a cumulative investment valued at 30 billion dollars.

“The scheme has caused an influx of FDIs; it has also brought advanced technologies, managerial expertise, and access to global markets.

“For instance, the 52 FTZs with 612 enterprises have and will continue to facilitate the creation of numerous direct and indirect jobs, currently estimated to be within the region of 170,000,” he said.

Ogunyemi said an adjustment in title and introduction of current global business practices would significantly advance the scheme, increasing forward and backward linkages.

“This is with a more significant market offered by the Africa Continental Free Trade Agreement (AfCTA).

“We have commenced negotiations across the board to ensure that the NEPZA Act is amended to give room for adjusting the scheme’s title from `Free Trade Zones to Special Economic Zones respectively.

“This will open up the system for the benefit of all citizens,” he said.

Continue Reading

Editor’s Pick

Politics