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September 9, 2024 SERAP Urges Federal Government to Beam It’s Searchlight on NNPCL

SERAP Urges Federal Government to Beam It’s Searchlight on NNPCL

the Socio-Economic Rights and Accountability Project (SERAP) has urged President BOLA TINUBU to direct the Nigerian National Petroleum Company Limited (NNPCL), to immediately reverse what it described as the illegal and unconstitutional increase in the pump price of premium motor spirit also known as petrol across its retail outlets.

In a statement by SERAP’s Deputy Director, KOLAWOLE OLUWADARE, it also urged President TINUBU to direct the Attorney General of the Federation and Minister of Justice, LATEEF FAGBEMI, SAN, as well as appropriate anti-corruption agencies, to probe the allegations of corruption and mismanagement in the NNPCL.

SERAP maintained that NNPCL should be probed on the spending of the reported 300 million dollars ‘bailout funds’ collected from the Federal Government in August 2024, and the 6 billion dollars debt it owes suppliers.

According to the statement, suspected perpetrators of alleged corruption and mismanagement in the NNPC should face prosecution as appropriate, and that any sufficient admissible evidence as well as proceeds of corruption should be fully recovered.

September 9, 2024 Oil Producing States in Nigeria Tasked to Look Inwards for Revenue Sources

Oil Producing States in Nigeria Tasked to Look Inwards for Revenue Sources

Oil producing states that are top receivers from the Federal Account Allocation Committee – FAAC, have been asked to look inward and improve on their Internally Generated Revenue for economic sustenance.

It might interest you to know that 90% of Akwa Ibom’s revenue comes from the FAAC, with less than 10% revenue, internally generated by the state.

The statistics were presented to stakeholders by BudgIT Foundation; A civic organization that encourages citizens’ engagement, during the week, at a focus Group discussion, which centered on Akwa Ibom’s readiness for Energy Transition.

With the increasing conversation on Energy Transition and how ready oil dependent societies are for a renewable energy dependent society, the stakeholders noted that it has become necessary for Akwa Ibom state, to be more intentional about economic diversification.

Speaking with Inspiration FM News, Head of Research and Advisory Unit at BudgiT, INIOBONG USEN specified the urgency at which the sub nationals must work, to mitigate the impact of Energy Transition in their states.

INIOBONG USEN also highlighted areas for diversification and income generation which the state needs to prioritize, to raise the percentage of its internally generated revenue from 9%.

The BUDGIT focused group discussion was held in collaboration with Policy Alert and Natural Resource Governance Institute ( NGIR). It featured stakeholders from the business sector, the civic space, and the media.

September 9, 2024 Governor Umo Eno Praise Work Rate at ARISE Park

Governor Umo Eno Praise Work Rate at ARISE Park

The Akwa Ibom State Governor, Pastor UMO ENO, has expressed delight at the progress of the ARISE Park project, describing it as an excellent interpretation of his dream to turn the previously dreaded ravine to a valuable asset for the State’s tourism industry.

Speaking during an unscheduled inspection of the project site on his return from the African Food Systems Conference, in Rwanda, Governor ENO expressed delight at the pace and quality of work at the site.

The Governor who commended the contractor for ensuring due diligence on the project expressed joy over the successful ravine reclamation, adding that the project would bring an end to loss of lives and homes of residents around the area.

Also, the Chairman of the ruling Peoples Democratic Party (PDP), in Akwa Ibom State, Elder ANIEKAN AKPAN, who accompanied the Governor on the inspection, lauded the ingenuity and foresight of Governor UMO ENO, describing him as a pride of the party.

Conveying the assurances of the contracting company, the Managing Director of Bulletin Construction Company, Mr. FAYSAL HARB, commended the political will and commitment of Governor UMO ENO to the execution of the project, stating that they will work hard to deliver the project in accordance with the Governor’s expectation come December 2024.

September 4, 2024 BREAKING: Governor Umo Eno Approves Additional N6.43 Billion for Payment of Entitlements in Akwa Ibom

BREAKING: Governor Umo Eno Approves Additional N6.43 Billion for Payment of Entitlements in Akwa Ibom

In his assured and determined desire to fulfill his campaign promise to regularly set aside substantial amount of funds for the payment of gratuities and other entitlements for retired workers in the state, Akwa Ibom State Governor, Pastor Umo Eno, has again, approved the release of the sum of N6,432,924,257. 62 for the above purpose.

A breakdown of the payment is as follows: N1,000,000,000 as payment of gratuities for retired primary school teachers (SUBEB); N500, 000, 000 for the payment of gratuities of retired local government workers, N2,220,524,257.62 being the payment of gratuities, pension arrears, and enbloc for state retired Civil Service workers, N597,400,000.00, for the 2014 leave grant for local government workers and N2,115,000.000.00 representing the payment for leave grant for workers in the State Civil Service, bringing the total amount of funds released by Governor Eno in the months of July and August respectively to N6, 432,924, 257.62

The release of the above amount brings to over twenty eight billion Naira, that Governor Umo Eno has so far disbursed for the payments of gratuities and other entitlements since he assumed office a little over one year ago.

The Governor has always said that, with the rich infrastructural amenities previous administrations had provided, of which he is determined to maintain and expand as outlined in the Arise Agenda, the focus now should be to grow the people, improve their material wellbeing and accelerate developments in the rural areas.

His passionate dedication to the welfare of the most vulnerable and the neediest in the society has seen him construct, and hand over 36 fully -furnished and fitted 2- bedroom bungalows under the Arise Compassionate Homes Initiative to the poorest and the most vulnerable so far, with 164 currently under construction.

He plans to hand over 200 of those units in his second year and 400 by the end of his first term.

Already 150 units out of the 236 units at the Grace Homes Estate, are to be given out to civil servants from grades level 1-8, free of charge through a raffle draw selection process.

Through the Arise Elderly Care Initiatives, N50,000 is given out monthly to 600 elders throughout the 368 wards in the state. Bursaries to students in public tertiary institutions are being paid, alongside grants for students with disabilities. WAEC fees for all students continue to be paid and the State’s pass rate ratio has increased exponentially.

The Governor, through the Bulk Purchase Agency, is distributing staple food items directly to the most vulnerable in the State and also remains deeply grateful for the palliatives so far given to the people of the state by President Bola Ahmed Tinubu, GCFR.

Apart from the above humanitarian interventions, Governor Eno, is also undertaking audacious capital projects such as the completion of road infrastructure inherited from previous administrations and the ongoing construction of numerous other road projects he has initiated throughout the state, the flood control tunnel on Atiku Abubakar Way which he started and was commissioned last May, the audacious Arise Park which is a miracle to behold given the fact that the location was previously a desolate and erosion- ravaged ravine, the plan to acquire two brand new CRJ-900 series Bombadier jets to expand the fleet and routes for Ibom Air, to be purchased outright; these add to the planned 19- Storey Ibom Towers in Lagos and the 3- Star Ibom Hotel in Abuja among others.

There is no doubt that Governor Eno, is utilizing the resources of the State to touch lives as reflected in his regular payment of gratuities and to expand infrastructural amenities in the State. Akwa Ibom indeed is Rising, continuously!

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