*Bill enters second reading at National Assembly October 20 *Senate President, others commit to passage *Oil industry expects…
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Mkpoikana Udoma Port Harcourt — The National Oil Spills Detection and Response Agency, NOSDRA, has said that security concerns in…
Mkpoikana Udoma 28 December 2018, Sweetcrude, Port Harcourt — Rivers State Governor, Nyesom Wike, has said that no amount of blackmail…
*Shell, Eni’s former executives to face corruption trial in May OpeOluwani Akintayo 14 April 2018, Sweetcrude, Lagos – Four Nigerian…
OpeOluwani Akintayo 11 April 2018, Sweetcrude, Lagos – Stocks dropped at the Nigerian Stock Exchange in Lagos on Tuesday after…
Akabueze explained that when an agreement had been reached on the new minimum wage, the financial implications would be worked out and a supplementary budget would be prepared for its implementation.
He said, “Generated power has gone up to 7000mw in 2017 from 3,000mw in May 2015; transmission capacity at 6,900mw in 2017 from about 5,000mw in May 2015; and peak distribution now averaging 5,000mw in 2017 from 2,690mw in 2015. In the last three months, we have increased the supply of power in the dry weather and people’s experience with power was better. We must thank the Ministry of Petroleum Resources for the increase in gas supply.”
He added that hike in fuel pump price would be an indirect tax on Nigerians, thereby increase their suffering.
He called on government to come up with a clear explanation on “oil subsidy payment” under the administration and “illegal lifting of N1.1 trillion worth of crude using unregistered companies”.
The President said, “When I was told that the CBN had no savings after the windfall of selling oil for more than $100 per barrel for many years, and the production was 2.1 billion barrel per day, I did not believe them.”
“Members of the public should note that the fabricated comment, emanated from no other source than the media unit of Ekiti State Governor’s Office, which is now a den for fraudsters and where falsehood and blackmail have been elevated to statecraft.”
