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September 26, 2024 Petroleum Unions Lift Ban on Sales of Products in Akwa Ibom

Petroleum Unions Lift Ban on Sales of Products in Akwa Ibom

The Governor of Akwa Ibom State, Pastor Umo Eno, met today with leaders of key unions in the petroleum sector to address the issues that led to the recent ban on the sale of petroleum products in the state.
During the meeting, the Governor was informed that two petroleum trucks were confiscated in Mbo Local Government Area by federal agencies and have been detained since May 2024. While acknowledging that the matter falls outside his jurisdiction, the Governor has directed the Commissioner for Internal Security and Waterways to liaise with the relevant authorities to ascertain the facts of the case. Additionally, he expressed his commitment to exploring the establishment of a petroleum depot in Akwa Ibom State.
In response, the union leaders thanked the Governor for his proactive engagement and pledged to lift the ban immediately, ensuring that petroleum products will be made available to the public.
Those in attendance included Sir Michael Udofia and Joseph Otu of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Comrade Francis Udoyen and Joseph Okafor of the Petrol Tanker Drivers Association (PTD), as well as Comrade Godwin Okono and Comrade Raphael Chukwuwu from the National Union of Petroleum and Natural Gas Workers (NUPENG).
September 23, 2024 Governor Umo Eno Reinstates Commitment to Realizing Ibom Deep Seaport

Governor Umo Eno Reinstates Commitment to Realizing Ibom Deep Seaport

Governor UMO ENO has disclosed that his administration is working assiduously to woo investors to partner towards the actualization of the Ibom Deep Seaport project.

The governor stated this during his state broadcast to mark the 37th anniversary of the creation of Akwa Ibom State.

The Ibom Deep Sea Port project is a development within a designated free trade zone that is integrated with an industrial city development (Ibom Industrial City). It aims to become the Eastern Gateway of Nigeria, providing vital port capacity for the country.

Lagos, the existing gateway, is situated at the western part of the country and is severely congested from the sea and land sides, leading to delays for ships entering the port and within the port due to capacity constraints on the terminals.

While highlighting the efforts of the actualization of the project, Governor UMO ENO in the anniversary broadcast noted that the state government is constructing access roads such as OrukimUyeghe Road and other facilities to make the environment conducive for investors.

September 20, 2024 Jega Presents Livestock Sector Reforms to President Tinubu

Jega Presents Livestock Sector Reforms to President Tinubu

Co-Chairman of the Presidential Livestock Reforms Committee, Prof ATTAHIRU JEGA, on Thursday presented a 152-page report to President BOLA TINUBU, detailing reform measures for the livestock sector.

Part of the report recommended a ten-year transformation process through which Nigerians and the government can harness gains in the sector, including the recommendations on how best to resolve issues that result in the farmers-herders crisis amicably.

The report also includes operational guidelines for the Federal Ministry of Livestock Development, a new ministry created by the TINUBU administration.

JEGA equally recommended that livestock grazing and ranching should continue side by side, while the country promotes a long-term objective of having an intensive livestock sector.

Recall that Prof. JEGA who is the former Chairman of the Independent National Electoral Commission (INEC)was appointed Co-Chairman of the Presidential Livestock Reforms Committee in July this year.

September 19, 2024 CBN Reintroduces Reduced Cyber Security Levies

CBN Reintroduces Reduced Cyber Security Levies

The Central Bank of Nigeria, CBN, has confirmed the enforcement of the controversial cybercrime levy at 0.005 percent on all electronic transactions under its new guidelines for the 2024-2025 fiscal year.

Apex Bank disclosed this in its recently released Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025.

The development comes after the levy was purportedly suspended after it sparked debate among Nigerians. CBN reaffirmed its commitment to mandating banks and other financial institutions to deduct the levy from all electronic transactions.

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