Connect with us

Business

Buhari Backs Okonjo-Iweala For WTO Job

Published

on

President, Muhammadu Buhari on Monday assured former Minister of Finance and Economy, Ngozi Okonjo-Iweala, that he would do all within his power to ensure that she becomes the Director-General of World Trade Organisation.
According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President made the promise while receiving Okonjo-Iweala at the Presidential Villa, Abuja.
The statement was titled: “We’ll push, push until you win, President Buhari assures Okonjo-Iweala.”
The former minister and South Korea’s Yoo Myung-Hee are the two remaining candidates contesting for the top position of the multilateral institution.
According to the statement, Buhari told the former minister that she deserves more support to get the top job because of her profile and diligence in serving the country and the world.
“I assure you that we will do all that we can to ensure that you emerge as the Director-General of WTO, not only because you are a Nigerian, but because you are a hardworking Nigerian. You deserve this,” the President was quoted as saying.
He was also said to have assured Okonjo-Iweala that he would make more phone calls and send letters to some world leaders for more support.
“I did the same for Dr Akinwunmi Adesina for President of the African Development Bank.
“Both of you served the country under the Peoples Democratic Party. You are both highly qualified. We will continue to support you. I will immediately make those calls,” the President said.
Shehu also quoted Okonjo-Iweala as thanking the President and his ministers, particularly the ministers of foreign affairs, and industry, trade and investment for supporting her staunchly.
“I feel very proud of Nigeria. I am getting so much support from you, Mr President, Chief of Staff, Ministers of Foreign Affairs and Ministers of Industry, Trade and Investments. The ministers have been working around the clock to ensure that I succeed,” she was quoted as saying.
The former Minister of Finance also appreciated ECOWAS leaders for their endorsement, mentioning in particular the outstanding contributions of President Mahamadou Issoufou of Niger Republic and immediate past Chairman of ECOWAS as well as President Alhassan Quattara of Cote d’Ivoire.
Print Friendly, PDF & Email
Continue Reading

online games

Reasons Why Train Travel is the Best

Published

on

Train travel is one of the most underrated form of long-distance travel available. Well, there are moments whereby air travels will face its own ups and downs. Cars can also easily go misaligned, but train travel is unlikely to face any form of mishap.

Trains can actually get you everywhere, the only thing is that they can’t cross oceans and most remote areas don’t have access to trans.

But if you have a tight budget and you want to travel within the continent, city to city then they are good option that you should try, and play games at https://www.francaisonlinecasinos.net/machine-a-sous/

Here are some of the reasons that you need to consider taking a train to your next destination.

Cost

In some countries trains are very cheap. But that’s not the case in the US. In the USA trains are not cheap, but in general terms they are cheaper than a plane especially when it comes to short distances.

Moreover, most train stations offer its passengers discounts on different destinations. Nevertheless, children under 2 years old ride for free whereas kids from 2 to 15 years will ride half price. Above all, train prices are very stable compared to other means of transport.

Sanity

When it comes to other means of transport such as airplane and buses you will get to stand in long check-in lines. But you will never see such at train stations. In most cases, at train stations you will just get your ticket and just walk in the train without any hassle. This offers the best sanity any passenger would love to have.

Comfort

Train rides are smooth sailing, the seats are roomy enough for you to sit, relax and enjoy your journey. At the same time, you have the best chance to play best online keno casino games in peace without any form of disturbance.

 

 

 

 

Print Friendly, PDF & Email
Continue Reading

Business

NLNG Pays N144bn Dividends To FG

Published

on

The Nigeria Liquefied Natural Gas (NLNG) Limited has proved to be Nigeria’s foremost cash cow as it paid the Federal Government dividends in excess of N63.2billion in the 2020 financial year.
The Federal Government received N144billion as dividends from the NLNG in the fiscal year ended December, 2020.
Despite 2020 being a very difficult year for the government as the Covid-19 induced fall in crude oil prices and the economic shutdown smashed projections and shrunk revenues, the dividends from NLNG shot up to 79 per cent higher than the projected N80.3billion.
The Minister of Finance, Dr Zainab Ahmed, disclosed this during a presentation of her ministry’s Budget Implementation Report for January to December, 2020 fiscal period.
The dividend received from the Nigeria LNG served as a major bright spot in the government’s revenue performance for the year.
The Federal Government’s projected revenue of N5.36trillion for 2020 witnessed a shortfall of N1.4trillion or 27 per cent for the year as it only received N3.9trillion in revenues.
The huge dividend windfall received in 2020 is a stark contrast from 2017 when Nigeria just exited a recession triggered by falling oil prices and sharp exchange rate devaluation.
In that year, the Federal Government’s share of dividends from Nigeria Liquefied Natural Gas (NLNG) dropped by as much as $687million, from $1.04billion in 2015 to $365million in 2016, a 65 per cent drop.
The N144billion received in 2020 topped the amount received from signature bonuses only N78.2billion and complimented the N192billion received by VAT.
It is the most effective form of revenue generation for the government.
Regardless of this humongous dividend profile of the NLNG, which is jointly owned by Nigerian owned Nigerian National petroleum Corporation (NNPC) (49%), Shell (25.6%), Total (15%), and ENI (10.4%), the company’s primary host community, Bonny Island has been reported to be held in grips of sea pirates’ attacks.
The company is located in Bonny Island and has six trains with a total capacity to process 22 million tonnes of LNG a year and as much as 5 million tonnes of natural gas liquids.

Print Friendly, PDF & Email
Continue Reading

Business

Commuters Paid More For Transport In Dec, NBS Confirms

Published

on

The National Bureau of Statistics (NBS) says commuters for a bus journey and other means of transport within and out the city increased in December, 2020.
The bureau disclosed this in its monthly Fare Watch report for December, 2020, published on its website, yesterday.
The report covers the bus journey within the city per drop constant route; bus journey intercity, state route, the charge per person; airfare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and waterway passenger transport.
It, however, revealed that average fare paid by commuters for bus journey within the city increased by 6.18 per cent month-on-month and by 78.50 per cent year-on-year to N354.49 in December, 2020 from N333.86 in November, 2020.
States with the highest bus journey fare within city were Zamfara (N600.50), Bauchi (N526.30), and Cross River (N458.07) while states with lowest bus journey fare within city were Abia (N200.50), Anambra (N242.23), and Borno (N243.12).
Average fare paid by air passengers for specified routes single journey increased by 0.42 per cent month-on-month and by 18.54per cent year-on-year to N36,454.59 in December, 2020 from N36,301.74 in November, 2020.
Also, states with highest air fare were Anambra (N38,700.00), Lagos (N38,550.00), Cross River (N38,500.00), while states with lowest air fare were Akwa Ibom (N32,600.00), Sokoto (N33,500.00), and Gombe (N34,750.00).
The average fare paid by commuters for bus journey intercity increased by 4.98 per cent month-on-month and by 41.14 per cent year-on-year to N2,532.19 in December, 2020 from N2,240.66 in November, 2020.
Similarly, states with highest bus journey fare intercity were Abuja FCT (N4,415.73), Sokoto (N3,255.20), and Lagos (N3,250.60) while states with lowest bus journey fare within city were Bayelsa (N1,550.73), Bauchi (N1,600.70), and Akwa Ibom (N1,700.54).
The average fare paid by commuters for journey by motorcycle per drop increased by 6.14 per cent month-on-month and by 124.73 per cent year-on-year to N293.36 in December, 2020 from N276.38 in November, 2020.
States with highest journey fare by motorcycle per drop were Niger (N1,575.70), Yobe (N397.45) and Imo (N397.42), while states with lowest journey fare by motorcycle per drop were Adamawa (N80.40), Katsina (N130.25) and Kebbi (N146.25).
Average fare paid by passengers for water way passenger transport increased by 0.19 per cent month-on-month and by 33.56 per cent year-on-year to N758.27 in December, 2020 from N756.84 in November, 2020.
States with the highest fare by waterway passenger transport were Delta (N2,300.35), Bayelsa (N2,240.00) and Rivers (N2,200.00), while states with the lowest fare by waterway passenger transport were Borno (N240.73), Gombe (N293.24) and Kebbi (N349.64).

Print Friendly, PDF & Email
Continue Reading

Trending