President Bola Tinubu commends the enterprising feat of Dangote Oil and Gas Limited in reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel.

The Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as well as providing a discount of N30 per litre for an offtake of five million litres and above.

The price review represents a 60 percent drop, which will, in no small measure, impact the prices of sundry goods and services.

The President affirms that Nigerians and domestic businesses are the nation's surest transport and security to that glorious destiny of economic prosperity, noting the federal government's 20 percent stake in Dangote Refinery and why such partnerships between public and private entities are essential to advancing the overall well-being of the country.

The President calls on Nigerians and businesses to, at this time, put the nation in priority gear while assuring them of a conducive, safe, and secure environment to thrive.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

 

The former National Chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus has sent out an advisory to PDP leaders assembling for the party's 98th NEC meeting tomorrow to do everything humanly possible and within the law to rescue and restore the party’s glory.

Speaking ahead of the party’s long-awaited National Executive Committee, NEC meeting tomorrow, the former National Chairman said the former Governor Neysom Wike’s busybodying gimmick should not distract them as the drowning Minister of FCT, is trying hard to create a non-existent crisis in the party to make himself relevant before his boss President Bola Ahmed Tinubu who is already getting fed up with his nuisance of bringing politics into the governance of the FCT.

By deviously trying to create the impression that he is in a tussle of supremacy with the 2023 Presidential Candidate of the party and former Vice President Atiku Abubakar, Wike who is copiously losing political relevance everywhere from Rivers to Abuja is trying to give the impression that he is a factor in PDP and holding it for his APC interest.

‘The critical structures of this party, NEC, BOT, National Caucus, forum of Governors, Chairmen of states and National Assembly caucus of the party must rise to the challenge and isolate mischief makers and meddlers like Wike and move the party forward.

The former National Chairman then charged the party leaders not to fall into Wike’s trick by giving him undeserved relevance which he no longer possesses. I expect the founding fathers and other dedicated members to rise to the challenge and return this great party to its glory by ensuring as they always do at critical moments that nobody or group is greater or bigger than this party.

Signed

Ike Abonyi
Media Adviser

The Federal Government paid about ₦205bn as electricity subsidy in the third quarter of last year, according to data obtained from the Nigerian Electricity Regulatory Commission (NERC) latest report.

 

The commission’s third quarterly market report revealed the government incurred a subsidy obligation of about ₦205bn in 2023/Q3 (average of ₦68bn per month), which is an increase of ₦69bn compared to the ₦135bn (average of ₦45bn per month) incurred in 2023/Q2.

This increase in subsidy payment, according to the report, was largely attributable to the government’s policy to harmonise exchange change rates due to the absence of cost-reflective tariffs across all electricity distribution companies (DisCos).

In the absence of cost-reflective tariffs, the government undertakes to cover the resultant gap (between the cost-reflective and allowed tariff) in the form of tariff shortfall funding.

This funding is applied to the Nigerian Bulk Electricity Trading (NBET) invoices that are to be paid by DisCos.

The amount to be covered by the DisCo is based on the tariff that they are allowed to charge and set out as their Minimum Remittance Obligation (MRO) in the periodic tariff orders issued by the commission.

The NERC said the rise in the government’s subsidy obligation meant that in Q3/2023, DisCos were only expected to cover 45 per cent of the total invoice received from the commission.

The development comes on the heels of a report by NERC, that DisCos did not remit about ₦50bn to the power sector in the third quarter of last year.

 

According to NERC, the DisCos failed to remit about ₦50bn to NBET in Q3/2023.
Under the market remittance section of the Q3 2023 Quarterly report, NERC said that the cumulative upstream invoice payable by DisCos was about ₦208bn, consisting of ₦167bn for generation costs from NBET, and ₦41bn for transmission and administrative services by the Market Operator (MO).

Of the amount, NERC said the DisCos collectively remitted the sum of ₦158bn consisting of ₦124bn for NBET, and about ₦34bn for MO), leaving an outstanding balance of ₦50bn. This translates to a remittance performance of about 76 per cent in 2023/Q3 which is down by about 19 per cent, compared to the 95 per cent recorded in 2023/Q2.

In 2023/Q3, the MRO-adjusted invoice from NBET to the DisCos was ₦167bn, while the total remittance made was ₦124bn, which translates to a 74 per cent remittance performance.
The remittance performance of DisCos to NBET in 2023/Q3 (74 per cent) was a 25 per cent decrease compared to the 99 per cent remittance performance recorded in 2023/Q2.

The notable decline in remittance performance by DisCos is a result of the 18 per cent decrease in remittance in 2023/Q3 (₦124.53bn), compared to 2023/Q2 (₦152.48bn) even though the MRO adjusted invoice in 2023/Q3 (₦167bn) increased by about 9 per cent compared to 2023/Q2 (₦154bn).

The total revenue collected by all DisCos in 2023/Q3 was about ₦268bn out of the ₦349bn billed to customers. This translates to a collection efficiency of 76 per cent.

 

The DisCos’ overall collection efficiency increased by 1 per cent from 75 per cent recorded in 2023/Q2.
This is explained by the fact that, although there was a marginal difference in total collections in 2023/Q3 (0.09 per cent) compared to 2023/Q2 (₦268bn), the total billings declined by 1.4 per cent (compared to ₦354.61bn in 2023/Q2).

All DisCos except Eko and Abuja recorded improvements in collection efficiency in 2023/Q3 compared to 2023/Q2. The DisCos with the most significant improvements in collection efficiency were Kaduna, Ikeja and Yola with about 5 per cent, 3 per cent and +2.9 per cent increases in collection efficiency respectively, between 2023/Q2 and 2023/Q3.

Eko and Abuja DisCos had 3.1 per cent and 1.2 per cent decreases respectively in collection efficiencies.
The overall increase in collection efficiency in 2023/Q3, NERC said, could be attributed to the implementation of various collection campaigns by DisCos, to improve remittance from post-paid customers.

“The most proven method for reducing collection losses is the installation of meters (especially prepaid meters for non-maximum demand customers).

“Therefore, DisCos are expected to utilise one or more metering frameworks provided for in the NERC MAP and NMMP metering regulation (2021) to improve end-use customer metering in their franchise area.
‘’This will reduce commercial and collection losses and will ensure the flow of funds to upstream market participants in the sector.

“Furthermore, DisCos must also continue to evaluate options for improving the optimisation of their energy delivery in line with the Service Based Tariff (SBT) regime to ensure that sufficient energy is supplied to customer groups/clusters with the highest collection efficiencies.

“Prompt payment of upstream invoices is critical for securing the availability of generation and transmission capacities. The waterfall regime pushes DisCos to boost their collections because most of their allowed revenues rank low in the waterfall.

In 2013, the CBN set up an escrow mechanism as part of the conditions for the Nigerian Electricity Market Stabilisation Facility (NEMSF) intervention that was extended to the DisCos.
Under this arrangement, all the revenues of the DisCos are escrowed, with DisCos only having access to these funds after relevant deductions to meet their loans have been made.
This escrow mechanism also provided visibility into the financial performance of the DisCos concerning collections.

[ThisNigeria]

The Presidential Candidate of the Labour Party in the 2023 general elections, Peter Obi, has decried what described as insensitive and undeserving allocations in the 2024 federal budget.

 

Obi, who had previously called for a total review of the 2024 budget, said the appropriation act showed various misplaced priorities which are tilted against the poor in our midst.

 

A statement by Obi’s media team signed by Dr Yunusa Tanko, the former presidential candidate said he could not understand how the National Assembly Hospital would get N15 Billion for one year which is five times more than that of the National Hospital and six other premier Teaching Hospitals in the country.

The statement quoted the former Anambra State Governor thus: “I will remain persistent in my expressions of deep concern about the 2024 budget because of its critical importance to the lives of the citizens, especially the poor in our midst.

“I will continue to do so until the end of the year as a matter of patriotic engagement. This is because the many negatives of the budget have far-reaching implications for the development of our dear nation and the well-being of our citizens.

“It is evident that there are items in the budget that do not align with our current circumstances, and it is imperative to call for a review and appropriate virement. Allocating our scarce resources to high-priority areas of need is essential for the well-being of the nation.

 

“For instance, allocating N15 billion solely for the National Assembly hospital is unacceptable, especially when it exceeds five times the budgetary allocation to **The National Hospital** or the combined capital vote of our six major teaching hospitals across the nation, namely; University College Hospital, Ibadan; University of Nigeria Teaching Hospital, Enugu; Ahmadu Bello University Teaching Hospital, Zaria; Obafemi Awolowo University Teaching Hospital, Ile-Ife; Jos University Teaching Hospital and University of Ilorin Teaching Hospital. This disparity reflects a low level of care for the rest of society.”

 

He also questioned the budgetary allocation of N15.3 billion for the National Assembly library project and procurement of books, including the e-Library, in a country without a National Library, saying it is disappointing.

“The National Library has been under construction for the past 20 years, and its budgetary allocation for 2024 is less than 1B Naira, which makes the National Assembly Library budget 15 times more.
“Again the National Assembly Library budget is more than the combined budget of the top national universities’ libraries that desperately need the Libraries for research, teaching and learning purposes.

“Furthermore, allocating N10 billion for the Senate’s and House of Representatives car parks and the National Assembly Recreation Centre, while allocating less to the Ministry of Science, Technology, and Innovation, is concerning.

In an era where science, technology and innovation are crucial for the nation’s future, such allocations demonstrate a lack of foresight and basic awareness of global trends and urgent national priorities.”

“This level of insensitivity to the present situation and challenges faced by the people should not be tolerated by any development-minded nation.

“Every scarce resource must be directed towards productive sectors of the economy. It is time for our nation to reassess its priorities, revisit the budget, eliminate frivolous expenditures and channel our resources properly for the benefit of the people. No great nation is built on a foundation of waste and frivolity, ” he said.

[Leadership]

The United Kingdom has said that it is clear that Israel is “making a decision to act.”

He spoke following Iran’s missile and drone attacks launched toward Israel on Saturday which were intercepted and neutralised with the help of the UK, the US, France and Jordan.

According to Reuters, the Foreign Secretary, who spoke with reporters in Israel, also said that the UK wanted to see new sanctions on Iran, saying “They need to be given a clear unequivocal message by the G7.”

 

Cameron said, “It’s clear the Israelis are making a decision to act,” and that “We hope they do so in a way that does as little to escalate this as possible.”

He said he was in Jerusalem to “show solidarity after that appalling attack by Iran”, saying:

“It’s right to have made our views clear about what should happen next, but it’s clear the Israelis are making a decision to act.

“We hope they do so in a way that does as little to escalate this as possible. And in a way that, as I said yesterday, is smart as well as tough.

“But the real need is to refocus back on Hamas, back on the hostages, back on getting the aid in, back on getting a pause in the conflict in Gaza.”

While in Israel Cameron is expected to meet Prime Minister Benjamin Netanyahu and other Israeli leaders, as well as visit the occupied West Bank.

[DailyPost]

The National Chairman of the All Progressives Congress (APC), Abdullahi Umar Ganduje says he remains the National Chairman of the party, boasting to the Kano State Government that he is unshakeable.

In a viral video, Ganduje was seen amidst a host of party supporters saying that he had met with President Bola Ahmed Tinubu, adding that the President guaranteed his position as the party chairman.

He said, “Yesterday (Tuesday), I met with the president and I explained to him and he said he is also thankful for what you did. What was done is shambolic. He said you should be patient enough. This seat they are looking up to still stands unshakeable.

“Tell Kano State Government that the seat of National Chairman of APC in Nigeria is on Abdullahi Umar Ganduje. We are here unshakable.”

Daily Trust reports that recently, the APC had accused the Kano State Government of sponsoring elements in Ganduje Ward to announce the suspension of the National Chairman.

 

However, the government had swiftly denied any involvement, labelling it an “internal crisis” within the APC.

 
 

 

 

 

Meanwhile, a Kano State High Court on has affirmed Ganduje’s suspension.

The court, while granting an exparte order, also restrained Ganduje from further parading himself as a member of the party.

The order, a copy of which was cited by Daily Trust, was granted by Justice Usman Malam Na’abba, on Tuesday.

The order followed an exparte motion filed Haladu Gwanjo and Laminu Sani by their counsel Ibrahim Sa’ad.

The plaintiffs, who identified as executive members of APC Ganduje ward, said they brought the motion on behalf of the executive members of the ward.

Gwanjo, who identified as the party’s ward Legal Adviser, was the one that announced the suspension of Ganduje two days ago.

The court ordered, that henceforth, Ganduje should desist from presiding over all affairs of the National Working Committee (NWC) of APC.

[Dailytrust]

No fewer than 29 suspects were on Wednesday arraigned before the Chief Magistrate Court for involvement and roles in aborted invasion of the Oyo State Government Secretariat on Saturday, April 13.

They were arraigned on seven count charge bothering on treasonable felony, unlawful society, illegal possession of firearm, going armed and conduct likely to cause breach of peace.

 

The offences, according to the Investigative Police Officer, Bakare Rasaq, an Inspector with the State Criminal Investigation Department, Iyaganku, Ibadan is contrary to and punishable under Section 516 of the Criminak Code, Cap 38, Vol.II, Laws of Oyo State of Nigeria, 2000.

 
 

The number is an increase of eight more following the parade of 21 suspects erier by the Oyo Police Command. 

 

The case with charge number Mi/520c/2024 is between the Commissioner of Police vs the 29 suspects. 

 

Details Shortly…

[TheNation]

A Nigerian-born medical doctor, Dr Seyi Oyesola is one of the popular and intelligent inventors in the medical world as he co-invented “hospital in a box” called CompactOR (Compact Operating Room) in 2007.

 

The “Hospital in a Box” was a portable set with the capability of bringing surgical care to all parts of the African continent.

 

According to information on Wikipedia, the CompactOR was movable and could be delivered to rural areas and other places with jeep or helicopter. 

 

Another amazing feature of the “hospital in a box” was that it could be set up in just ten minutes with a complete operating room with all the relevant surgical tools including the defibrillators, EKG monitoring, anesthesia and surgical lighting. 

It was solar paneled and could perform oral surgeries like the removal of wisdom teeth, removal of cataracts, gall bladders and appendices, and has successfully been used. 

The estimated cost of the basic hospital in a box was less than £50,000 (around US $77,350) which was about one fifth of the cost made available for the same services.

Oyesola was born in Nigeria but grew up in Cleveland, the United States. He graduated from high school in 1975 and came down to Nigeria where he obtained his Bachelors of Science Degree from the University of Lagos in 1986. 

Dr Seyi Oyesola practised in Nigeria for a short time before going to the United Kingdom and the US for specialised training in anesthesiology and critical care.

He explained that the idea and passion behind the creation of ‘hospital in a box’ was the experience of how people died from simple treatable and manageable illnesses like trauma, burn and heart attacks in community hospitals and health centres, when he came to the country to practise in 2015.

This was where the innovation on improving the health sector in the country began. He worked in the University of Lagos where he rose to lead a team of young doctors in anesthesiology.

Dr Oyesola was appointed consultant at Medway Maritime Hospital in the UK. In 1998, he joined the University of California, Los Angeles as a visiting Assistant Professor. In 1999, he became a consultant in anesthesia and critical care in the UK National Health Service (NHS). He also taught at the medical simulation center of the Imperial College School of Medicine in 2001.

 

Aside from the invention, he participated in performing the first successful kidney transplant at the Delta State University Teaching Hospital in 2014.

He has worked for more than 25 years on the special needs in anesthesiology and critical care, bringing innovation, developing high-tech medical equipment and training to African hospitals as well as visiting rural hospitals.

Oyesola’s achievements include co-authorship and publications of 8 articles on medicine, co-development of CompactOR, establishment of Practice Ventures in 1996, a company that developed and supplied high-tech medical equipment and training to African hospitals.

 

He also had a successful TED Global talk in 2007 on hospital in a box, he has a Membership of Professional Associations, Association of Anesthetists of Great Britain and Ireland, Royal Society of medicine, Intensive Care Society, UK and Royal College of Surgeons (Anaesthesia) Ireland.

[Vanguard]

The Kano state high court has affirmed the suspension of Abdullahi Ganduje as national chair of the All Progressives Congress (APC).

The court, while granting an ex parte order, also restrained Ganduje from further parading himself as a member of the party.

On April 15, APC executives in Dawakin ward, under Tofa LGA of Kano, suspended Ganduje over alleged corruption.

However, the working committee of the APC in Kano subsequently nullified the suspension and punished the ward executives.

 

More to follow…

[TheCable]

Former Kaduna State Governor, Nasir El-Rufai, has accused a northwest Governor of writing election results instead of conducting free and fair elections.

El-Rufai disclosed that the said Governor had approached him on how to conduct free and fair elections, but instead of heeding the advice given to him, the Northwest Governor went ahead to write election results as usual.

El-Rufai stated this on Monday in Maiduguri, while delivering a lead paper at a capacity-building workshop for top officials of the Borno State government.

Speaking against the backdrop of state electoral commissions as rigging tools in the hands of the state governors, El-Rufai recalled how he used electronic voting to conduct a free and fair local government areas elections during his tenure as governor.

He narrated that it was after the success of the local government elections that the Northwest state governor approached him to use his pattern, but after availing him of the technique used in conducting the elections, he went back to his state and wrote results of the local government elections he conducted instead of conducting it electronically.

El-Rufai, during his lecture, called for the scrapping of the state electoral commissions, arguing that the Independent National Electoral Commission (INEC) could handle all local government elections.

“While I was the Governor of Kaduna State, I introduced electronic voting and conducted local government election with it. After the election, we lost about three to four local government areas to the opposition, because of the credibility of the election. And because we were transparent in the election, some of those opposition candidates decamped to our party because of our fairness in the election.

“I remember that one governor from the Northwest who loved the conduct of the election through electronic voting asked me to assist him with the technology I used in the election, but because it has the state logo, I told him that it would not cost more than 10,000 US dollars, so that he can get the equipment to conduct his state LGA election electronically. But after that conversation, I did not hear from him again, he went back home and conducted his election by writing the results as usual,” El-Rufai said.