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May 22, 2023 Dangote Refinery Produce to Hit Market in July, August 2023
IFMUYONEWS

Dangote Refinery Produce to Hit Market in July, August 2023

Alhaji Aliko Dangote, has said that the first tranche of petroleum products from the refinery will be supplied to the market by the end of July or the begining of August 2023.

Speaking at the commissioning of theintegrated refinery project located in the Lekki free trade zone area of Lagos State on today, Dangote described it as a milestone in a new and exciting trajectory for Nigeria’s oil and gas downstream sector.

“It is our firm commitment that we will replicate in this sector what we have actually achieved in the cement and fertilizer markets while Nigeria transformed from being the largest importer of these crude products to a net exporter,” he said.

“Our first goal is to ramp up projections of various production to ensure that within this year, we are able to fully satisfy our nation’s demand for higher quality products to enable us to eliminate the tragedy of import dependency and stop, once and for all, the dumping in our market of toxic substandard petroleum products.

“Our first products will be in the market before the end of July, beginning of August this year.”

The refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.

The firm stated that the facility was designed to process a large variety of crudes, including many African crudes, some Middle Eastern crudes, and US (United States) Light Tight Oil, for local consumption as well as export.

May 22, 2023 Heightened Calls Made for Preservation of Nigeria’s Cultural Heritage
IFMUYONEWS

Heightened Calls Made for Preservation of Nigeria’s Cultural Heritage

The Management of the National Museum Uyo has advocated inclusion of History studies in primary and secondary Schools’ curriculum, as well as collaboration to develop the museum.

Recall that Nigerian History Study was removed from the Nigerian schools’ curriculum in 2009, blaming the removal on students’ apathy towards the subject, little or no job opportunity for History graduates and scarcity of Teachers for the subject.

Following agitations from Nigerians, the policy was jettisoned and government redirected that history should be taught as a standalone subject, a policy which was implemented in November, 2022.

In an exclusive Interview with Inspiration FM, the Uyo National Museum’s Curator, OKOKON BONGO-BASSEY said the removal of history from school’s curriculum had distorted the understanding of the Nigerian history.

Mr BONGO-BASSEY who was speaking when he appeared live on the station News and Currents Affairs programme TALK RADIO on Saturday May 20 2023 added that Akwa Ibom has rich cultural heritage but complained about inadequate attention given to museums in the state.

He spoke alongside the Assistant Chief Conservator of the Meseum, Mr Nsikak Nya.

The conversation was given precedence during the week as the World marked the 2023 International Meseum Day focusing on the theme; “Meseums, Sustainability and Well-being”.

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May 19, 2023 Akwa Ibom State Sexual and Gender Based Management Committee Commemorates International Day of the Boy Child
IFMUYONEWS

Akwa Ibom State Sexual and Gender Based Management Committee Commemorates International Day of the Boy Child

Proactive measures have been adopted to ensure a sane and crime free society by ensuring the mental wellness of the boy child as the world marks the international day of the boy child.
The theme of this year’s celebration which bothered around the mental health of the boy child seeks to encourage the happiness and healthy lifestyle of boys in the society.
In Akwa Ibom State, the Akwa Ibom State Gender Based Violence Management Committee in an event at Ibom hall gathered young boys across schools in the state to lend voice to the need to raise boys with sound minds in other to curb their involvement in Gender-based violence and other related crimes.
While setting the tone for the commencement of the event, the head of Sexual Assault unit at the Ikot Ekpene Sexual Assault Referral Centre, Dr ATTA ESSIEN identified factors that hamper the wellbeing of the mental health of the boy child.
In a keynote address, a law practitioner Dr AMANIM AKPABIO based the problems of the boy child on poor models the society showcases and sadly tags as acceptable for them to emulate.
Furthermore, he noted that poor parental training to a large extent affects the conduct of boys in the society as they grow to be men.
Profound at the event was the panel discussion where successful male models talked about their growth through the ladder of their chosen careers, while principally highlighting the need for the boys to desist from vices capable to marring their chances at success.
Highpoint of the event was the unveiling of the book “THIS IS YOUR MOMENT” which were freely given to all attendees through the sponsorship of the Wife of the governor of the state, Dr. MARTHA UDOM
May 19, 2023 Federation Account Allocation Committee Shares N655.93bn for April 2023
IFMUYONEWS

Federation Account Allocation Committee Shares N655.93bn for April 2023

The Federation Account Allocation Committee (FAAC) says it shared N655.93bn among the three tiers of government in April 2023, a decrease of N58.7bn from the N714.63bn shared in March 2023.

FAAC disclosed this in a communiqué issued at the end of its latest meeting in Abuja on Thursday.

The total amount includes gross statutory revenue, Value Added Tax, Augmentations from Forex and Non-oil Mineral Revenue, and electronic money transfer levies.

The Federal Government received N248.81bn, the states received N218.31bn, and the local government councils got N160.6bn, while the oil-producing states received N28.22bn as derivation (13 per cent of mineral revenue).

It was also noted that the gross revenue available from the Value Added Tax for the month of April 2023 was N217.74bn, with the cost of collection taking N8.71bn, and the rest was shared among the Federal Government, States and Local Government Councils.

The breakdown showed “From that amount, the sum of N8.71bn was allocated for Costs of Collection and the sum of N6.271 given for Transfers and Refunds. The remaining sum of N202.76bn was distributed to the three tiers of government of which the Federal Government got N30.41bn, the States received N101.38bn, Local Government Councils got N70.97bn.”

For the Gross Statutory Revenue, N497.46bn was received, with the sum of N18.79bn as the Cost of Collection and a total sum of N114.02bn for Transfers, Refunds and Consultancy fees.

The remaining balance of N364.65bn was shared with the Federal Government (N180.66bn), States (N91.63bn), and LGCs got (N70.65bn), while Oil Derivation (13 per cent Mineral Revenue) got N21.72bn.

The communique added that the sum of N15.12bn from the electronic money transfer Levies was distributed to the three tiers of government.

The breakdown for EMTL showed “the Federal Government received N2.18bn, States got N7.26bn, Local Government Councils received N5.08bn and the sum of N0.61bn was allocated to Costs of Collection.”

It added, “The Communique disclosed an Augmentation N50bn from Forex Equalization, which was shared as follows; Federal Government received N22.92bn, the States got N11.62bn, the sum of N8.96bn allocated to Local Government Councils, while the sum of N6.5bn given to Derivation (13 per cent of Mineral Revenue).

“Also, N24bn Augmentation from Non Mineral Revenue was shared accordingly. The Federal Government got N12.64bn, the States received N6.41bn, while the Local Government Councils got N4.94bn.”

It was noted that Petroleum Profit Tax, Companies Income Tax, Oil and Gas Royalties, Import and Excise Duties and Value Added Tax all decreased considerably, only Electronic Money Transfer Levy increased albeit marginally.

It added, “The balance in the Excess Crude Account as at May 18, 2023 stands at $473,754.57.

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