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‘Nigeria Can Save $10.4bn From Use Of LPG’

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The Nigerian LPG (NLPGA) says Nigeria will save about 10.38 billion dollars annually if 50 per cent of its population can use cooking gas by 2018.
Its President, Mr Dayo Adeshina, said in a statement in Lagos that it was regrettable that Nigerians still consumed kerosene in large quantities.
According to the association, cleaner fuels like cooking gas can save over 55 per cent of Nigeria’s primary forest.
He said that the association’s annual conference, slated for December 2 in Lagos, would address ways government could support the use of cooking gas in rural communities.
“Between 500,000 and one million jobs can be created in the LPG value chain in the next two years if the kerosene to LPG switch programme is implemented nationwide”.
Adeshina said that over 400,000 lives would be saved from pollution related health issues through LPG promotion in Nigeria.
“This will ensure reduction in deforestation, carbon emission into the atmosphere and increased tax revenue for government at various levels,’’ he said.
Adeshina said that the Federal government could claim carbon credits if the fuel switching programme could be implemented on a massive scale nationwide.
He said that the power penetration sector could also take advantage of LPG fired generators and turbines.
Adeshina said that the LPG sector in Nigeria was still being challenged by factors such as massive inadequate supply of cooking gas equipment, insufficient number of jetties and few LPG inland storage facilities.
These, he said, had stunted consumption of cooking gas in the country.
Adeshina said the sector was affected by increase in price of LPG due to logistic issues, excessive import duties and VAT on LPG equipment.
“Inadequate road and transport network facilities and cumbersome access to long-term funds for LPG projects also affect the sector.
“There is no major policy that encourages widely promoted green projects (e.g. auto gas, power generation, etc) using LPG in order to stimulate rapid growth of the industry,” he said.
Adeshina advocated for a national policy on LPG and more efforts by government to promote consumption of cooking gas in the country.
He said that the 2015 conference, with the theme, “LPG: The Future is Now’, would be used to draw government and other stakeholders’ attention to the prospect of LPG sector and the need to adequately tap same.
“The availability of energy and power is very crucial to the growth of Nigeria’s economy and features of LPG make it the energy of choice for the present and the future.
“The Nigerian LPG industry has so much potential and the conference will focus on embracing LPG as the answer to energy poverty, environmental degradation and health issues amongst many other issues affecting Nigeria.

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Yahaya Bello: Senator Hails EFCC’s Probe Of N80.2bn Fraud

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Senator representing Kogi Central Senatorial District in the National Assembly, Natasha Akpoti-Uduaghan, has commended the efforts by the Economic and Financial Crimes Commission, (EFCC) to apprehend and prosecute the immediate past governors of Kogi State, Alhaji Yahaya Bello, over an alleged N80.2 billion fraud.
This is just as she also hailed the EFCC chairman, Ola Olukoyede, for ceding 14 properties that were initially forfeited to the federal government to the government and people of Enugu State.
Reacting to Bello’s excuse for not honouring the EFCC’s invitation, the lawmaker emphasized the need for the commission to investigate other corrupt public officials to avoid the impression that their actions against former governor were meant to witch hunt him.
In a now-viral video, the EFCC chairman had claimed Belloh told him that a female senator (name withheld) allegedly gathered journalists to humiliate him anytime he was at the agency’s Abuja office for interrogation.
“I called Yahaya Bello, as a serving governor, to come to my office to clear himself. I shouldn’t have done that. But he said because a certain senator had planted over 100 journalists in my office, he would not come.
“I told him that he would be allowed to use my private gate to give him a cover, but he said my men should come to his village to interrogate him,” Olukoyede was quoted as saying.
But Senator Natasha in a statement signed by her Chief Press Secretary, Arogbonlo Israel and issued at the weekend in Abuja, reminded Yahaya Bello of the importance of respecting Nigeria’s laws and constitution, given his former position as the chief security officer of Kogi.
“I was surprised to hear that Yahaya Bello evaded the invitation from the EFCC, despite having served as Kogi’s former chief security officer. As a former governor, he should understand the importance of respecting Nigeria’s laws and constitution.
“It’s a well-known fact that ‘he who comes into equity must come with clean hands’. As such, I advise him to honour the invitation and clear his name while he still has the chance.
“I’d also like to take this moment to appreciate the diligence of the EFCC in handling the case so far. No Nigerian is above the law, and therefore the agency must see this case through to the end if they are to gain the trust of both Nigerians and the international community in the fight against corruption,” she said.

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Senate  Frowns Over Continued Depreciation Of Naira

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Worried over the  latest depreciation of the Naira against major foreign currencies, the Senate through its Committee on Finance, has  stated that the Legislature  is  exploring a range of policy options to mitigate the impact of Naira depreciation and foster economic stability in the country.
These, according to the committee, in a statement signed by its chairman, Senator Sani Musa (APC Niger East) and released yesterday, includes robust oversight of fiscal policies, engagement with key stakeholders, and the formulation of targeted interventions to support key sectors of the economy.
Senator Musa said the statement became necessary “to address the current state of the economy and the need for concerted efforts at tackling the instability and continuous depreciation of the Naira.”
This is even as he hoped that the “economic managers will adhere strictly to the norms and standards set by this administration to ensure that we achieve the desired outcomes in taking Nigeria to its economic growth and prosperity”, pledging the support of the National Assembly to the executive arm of government to achieve the set goals.
He, however, urged Nigerians to remain vigilant and resilient as they navigate these uncertain times, saying “together, we can overcome the challenges facing our economy and chart a path towards prosperity for all.”
The statement titled: “State of the Nation Economy and Naira Depreciation’, reads “The Nigerian economy is facing significant challenges, exacerbated by both internal and external factors.

“Despite efforts to stabilize and bolster economic growth, the numerous initiatives and bold but necessary steps and policy decisions taken by President Bola Tinubu, the persistent depreciation of the Naira against major foreign currencies has become a pressing concern.

“The recent depreciation of the Naira underscores the need for proactive measures to safeguard the stability and resilience of our currency.

“The Senate Committee on Finance is closely monitoring the situation and is committed to working collaboratively with relevant stakeholders to implement effective policies and strategies.

“It is imperative that we address the root causes of Naira depreciation, including but not limited to fluctuations in global oil prices, fiscal deficits, and structural imbalances in the economy.”

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WIW: Banigo Advocates Legislative Impetus

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The Senator, representing Rivers West Senatorial District at National Assembly Sen.Dr. Ipalibo Harry Banigo has advocated for legislative backings to enforce immunisation as a pre-condition for admission into nursing, primary and secondary schools in Nigeria.
Banigo made the assertion recently in a statement to commemorate this year’s week-long immunisation campaign in line with the World Health Organisation advocacy.
Banigo, a Harvard-trained Public Health personnel, explained that such legislation would strengthen the National Immunisation Policy in the administration of vaccines, saves lives, helps in the child normal growth, prevents serious illness and disabilities such as poliomyelitis .
The former Deputy Governor of Rivers State who is also the Chairman, Senate Committee on Health (Secondary and Tertiary), noted that Nigeria must attain at least, 90 percent vaccine coverage for all childhood and adolescence; stressing that a fully vaccinated child should have received BCG, Mussels and three doses of DTP and Polio .
She emphasised the need for collective efforts by stakeholders in the campaign against preventable diseases .
The theme for this year’s World Immunisation Week is “Humanly Possible: Saving Lives Through Immunisation” while the national theme is “Vaccine Works For All”.

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