News
Convoke Confab On Falling Naira, Inflation, Food Crisis, Reps Tell FG
The House of Representatives, yesterday, urged the Federal Government to “convoke a Special Economic Roundtable” to proffer holistic and workable solutions to falling naira and rising inflation in Nigeria.
The House also urged the Federal Ministry of Agriculture and Natural Resources to come up with urgent emergency plans to expand the economy, especially in the areas of entrepreneurial and agricultural training.
The House further urged the Federal Ministry of Commerce, Trade and Investments to deploy intervention strategies to ameliorate the current economic situation and checkmate the food crisis in the country.
These resolutions were reached following the unanimous adoption of a motion titled ‘Need to Address the Fall of the Naira and the Worsening Rate of Inflation in the Country.’
The motion was sponsored by Messrs ShehuKakale, Julius Ihonvbere, Mukhtar Dan-Dutse, AmiruTukur, Amos Gwamna, Jatau Mohammed, Benjamin Mzondu, Ahmed Zanna and AbianteAwaji-Inombek.
Moving the motion, Kakale decried that the economic situation in the country is “deteriorating at a worrisome rate as insecurity, hyperinflation, massive unemployment and underemployment pervades all sectors of the economy, thus promoting social pressures and general dissatisfaction.”
He said, “The House also notes that with the ever-recurring policy challenges, corruption and the over-reliance on crude oil, if not urgently addressed may lead to a dangerous cauldron of ethnic tension, youth, discontent and criminality, which threatens to spread more poverty and violence in the country.
“The House further notes that insecurity is a major impediment to economic growth, which has cost Nigeria over $10.3billion in 2020, an amount more than the Federal Government’s total revenue for the same year.
“The House is aware that the growing case of insecurity in the land has badly affected agricultural production as farmers can no longer go to the farm, and traders can no longer travel for fear of being kidnapped, abducted or killed.
“The House is further aware that unless urgent and decisive steps are taken to ameliorate the worsening situation, it may degenerate into social decay and crises in homes that may increase the suicidal tendencies and statistics in Nigeria.
“The House is alarmed that the bourgeoning rise in inflation rate in the country has led to astronomical rise in food prices, taking them virtually out of the reach of the middle and lower classes.”
News
Tinubu Appoints Four Nominees Into NCDMB Governing Council

President Bola Tinubu has approved the nomination of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB).
The Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement yesterday, said the appointment is to fill existing vacancies and strengthen the board’s capacity.
The statement said the approved nominees are Mr. Olusegun Omosehin of the National Insurance Commission and Engr. Wole Ogunsanya of the Petroleum Technology Association of Nigeria.
Tinubu also endorsed the nomination of Sam Onyechi, who represents the Nigerian Content Consultative Forum and Barrister Owei Oyanbo from the Ministry of Petroleum Resources.
The President encouraged the new members to leverage their expertise and dedication to enhance local content development within Nigeria’s oil and gas industry.
It added, “The nominations arose from the exit of previous institutional representatives from the Governing Council.
“The NCDMB Governing Council, established under Section 69 of the Nigerian Oil and Gas Industry Content Development Act, 2010, comprises representatives from key institutions.
“These include the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian National Petroleum Company Limited, the Petroleum Technology Association of Nigeria, the Council for the Regulation of Engineering in Nigeria, the Nigerian Content Consultative Forum, and the National Insurance Commission.”
News
NDDC To Construct Hostels, Roads In UNIPORT – Ogbuku

The Niger Delta Development Commission (NDDC) has announced plans to construct additional hostels, rehabilitate roads, and enhance power supply in the University of Port Harcourt (UNIPORT).
NDDC’s Managing Director, Dr Samuel Ogbuku, disclosed this during a visit to the commission’s headquarters in Port Harcourt, yesterday by a delegation from the UNIPORT’s Governing Council.
Ogbuku stated that the NDDC had committed to upgrading facilities at UNIPORT as part of efforts to foster partnership with educational institutions across the Niger Delta.
According to him, the implementation of additional projects at the university forms part of a broader strategy to improve education standards in the region.
“Aside from the construction of new hostel blocks and installation of a 300 KVA solar inverter system, the NDDC will also facilitate more projects in the university.
“The commission will also deploy its engineers to assess the condition of UNIPORT’s roads and hostels for potential rehabilitation,” he said.
Ogbuku noted that upon completion, the projects would add to various initiatives previously undertaken by the commission at the university.
“These and other projects reflect our commitment to actualising President Bola Tinubu’s Renewed Hope Agenda in the Niger Delta region,” he added.
He reaffirmed the NDDC’s dedication to fostering development and strengthening partnerships across the region.
Earlier, Sen. Mao Ohuanbunwa, Chairman of UNIPORT’s Governing Council, who led the delegation commended the current leadership of the NDDC for its achievements in accelerating development in the Niger Delta.
He highlighted the university’s infrastructural challenges, noting that it lacked adequate facilities to accommodate its growing student population, and appealed for the NDDC’s support in addressing the shortfall.
“Currently, UNIPORT has a total student population of about 50,000, while its hostel accommodation capacity can only cater for 5,000 students.
“We therefore urge the NDDC to assist in the construction of additional hostels, improve transportation facilities, and facilitate the acquisition of gas turbines to enhance power supply for our students,” Ohuanbunwa pleaded.
The Vice Chancellor of UNIPORT, Prof. Owunari Georgewill, commended NDDC for its impactful projects across the Niger Delta and extended an invitation to the commission to participate in the institution’s forthcoming 50th anniversary celebrations.
News
Senate Rejects Motion To Rename INEC Headquarters After Humphrey Nwosu

The Senate has rejected a motion to rename the Independent National Electoral Commission (INEC) headquarters after the former chairman of the defunct National Electoral Commission, late Prof Humphrey Nwosu.
Nwosu presided over the June 12, 1993, presidential election, which was truncated by the former military President, General Ibrahim Babangida (rtd).
The election which was won by the late business mogul, Chief MKO Abiola, was adjudged to be the freest and fairest in the electoral history of Nigeria.
The motion to rename INEC after Nwosu was re-sponsored by Senator Enyinnaya Abaribe yesterday after lawmakers threw it out last Wednesday.
Abaribe called for posthumous national honours to be conferred on Nwosu in recognition of his role in Nigeria’s democratic evolution.
However, the proposal sparked a heated debate once again, with lawmakers deeply divided over Nwosu’s legacy.
Senator Osita Ngwu acknowledged that Nwosu operated under a military regime, which restricted his ability to announce the results.
He argued that “there was no way he would have announced the results with a gun to his head. That doesn’t change the fact that some of us see him as a hero.”
Senator Austin Akobundu, however, described it as most uncharitable for lawmakers to dismiss Nwosu’s contributions, insisting that he deserved a place in Nigeria’s hall of honour.
On the other hand, several senators like Senator Jimoh Ibrahim dismissed the idea outright, questioning why the Senate should honour someone who failed to announce the results insisting that “nothing should be named after him”.
Senator Cyril Fasuyi argued that history does not reward efforts, but only results.
“As long as he did not announce the result, whether under duress or not, I am against naming INEC headquarters after him,” he submitted.
Also, Senator Sunday Karimi criticised Nwosu for lacking the courage to speak out, while Senator Afolabi Salisu warned that immortalising him would undermine the memory of MKO Abiola, the widely accepted winner of the June 12, 1993, annulled election.
“Any attempt to do anything beyond a one-minute silence is to rubbish Abiola’s legacy,” he tendered.
After intense deliberation, most senators rejected the motion through a voice vote.
They, however, agreed to honour him with a one-minute silence and extend condolences to his family, effectively dismissing the other prayers to immortalise Nwosu.
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