Buhari has addressed N’Delta Avengers agitation, threat unnecessary – Presidency – Newstrends
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Buhari has addressed N’Delta Avengers agitation, threat unnecessary – Presidency

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The Presidency has reacted to threat by the Niger Delta Avengers to resume bombing of oil pipelines over restructuring and inauguration of substantive governing board of the the Niger Delta Development Commission (NDDC), among other demands.

It said the threat was unnecessary, noting that President Muhammadu Buhari had addressed its demands.

Special Adviser on Media and Publicity to President Muhammadu Buhari, Femi Adesina, in a statement, said the demands of the militant group had been addressed by Buhari in a meeting with newly elected leaders of Ijaw National Council and other Niger Delta stakeholders, who visited him in his office in Abuja over the weekend.

He said, “The media was Sunday awash with threats and demands by a group, Niger Delta Avengers, to embark on economic sabotage through the bombing of critical oil and gas installations unless certain demands, including the development of the Niger Delta, and restructuring of the Federation, were met.

“It is, however, curious that the threat was coming less than 48 hours after President Muhammadu Buhari met with the leadership of the Niger Delta and Ijaw National Congress (INC), at the Presidential Villa, and the germane issues had been responded to, especially call for restructuring of the federation, and the inauguration of a Board for the Niger Delta Development Commission (NDDC).”

The statement also contained the full text of speech by President Buhari on Friday, June 25, 2021.

It quoted the President to have said, “I particularly note your ten-point demand to the Federal Government in your inaugural speech and assure you that this administration is frontally addressing them.

“I am equally concerned about the rate of environmental degradation in the Niger Delta and as you are aware the Hydrocarbon Pollution Remediation Project has started work with remediation efforts in Ogoni land and I have directed the Minister of Environment to ensure that the projects are implemented with a high percentage of local content and inclusion of the surrounding communities.

“Similarly, the National Oil Spill Detection and Response Agency, under the same ministry of Environment is working to make sure that oil spills are reduced and new ones prevented. As you are also aware, all the responsible agencies of government have been directed to ensure that they enforce compliance by the International Oil Companies to international best practices.

“In addressing your call for immediate restructuring, the National Assembly whose responsibility it is to ensure that our constitution responds to the call for a restructured Nigeria has already concluded regional consultations and as soon as they finalise the process, necessary action would not be delayed on my part.

“In the same vein, your call for the creation of two additional states and more local government areas for the Ijaw people is a legislative matter, which should naturally be handled by the National Assembly and seeking concurrence at the state levels.

 

“I completely agree with your call to allocate operational licences for marginal fields to Ijaw people. However, like you know, the process of granting licenses is guided by laid-down rules and regulations, most of which even favour local content and local contractors. I see no reason why they should not be granted such licenses if they qualify.”

The President was also reported to have spoken on the NDDC board, saying, “I want to assure you that as soon as the forensic audit report is submitted and accepted, the NDDC Board would be inaugurated. However, I would like to implore you that the Ijaw National Congress should play a more active role in making sure that the mismanagement that occurred in the past is not repeated.”

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Nigeria saves $20bn from subsidy removal – Finance Minister Edun

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Nigeria saves $20bn from subsidy removal – Finance Minister Edun

 

Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, has declared that the country has saved $20 billion by eliminating the petrol subsidy and adopting market-based foreign exchange pricing.

He made this disclosure at an event in Abuja marking the first 100 days in office of Esther Walso-Jack, Head of the Civil Service of the Federation.

Edun stated, “When there was a subsidy on the PMS and on foreign exchange, they collectively cost five percent of the GDP.

“Assuming GDP was $400 billion on average, five percent of that is $20 billion—funds that could now go into infrastructure, health, social services, and education.”

He explained that the savings were being redirected into developmental projects. He said, “The real change is that no one can wake up and target cheap funding or forex from the central bank to enrich themselves without adding value. “Similarly, profiteering from the inefficient petrol subsidy regime is no longer possible.”

President Bola Tinubu officially ended the petrol subsidy regime on May 29, 2023.

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Crude-for-naira deal: NNPC fails to deliver agreed crude oil – Dangote refinery

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Crude-for-naira deal: NNPC fails to deliver agreed crude oil – Dangote refinery

The Lagos-based mega Dangote refinery has accused the Nigerian National Petroleum Corporation (NNPC) of failing to meet its crude oil supply obligations under the naira-for-crude agreement.

Edwin Devakumar, the Vice President of the Dangote Group, disclosed this in a statement reported by Reuters.

Devakumar explained that the national oil company had committed to supplying the refinery with a minimum of 385,000 barrels per day (bpd) under the crude-for-naira deal.

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However, he alleged that the NNPC is falling short of this commitment.

According to Reuters, Devakumar characterized the volume of crude currently supplied by NNPC Limited as “peanut,” though he did not specify the exact amount.

“We need 650,000 barrels per day, and NNPC Ltd agreed to supply a minimum of 385,000 bpd, but they are not even delivering that,” Devakumar stated.

 

Crude-for-naira deal: NNPC fails to deliver agreed crude oil – Dangote refinery

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Tinubu restructures media team, says no individual presidential spokesman

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Tinubu restructures media team, says no individual presidential spokesman

 

President Bola Tinubu has reorganised his media team, re-designating the positions of his two recently appointed special advisers  for media and communications.

This is contained in a statement released on Monday night by his Special Adviser on Media and Strategies, Bayo Onanuga.

He said Sunday Dare, the special adviser on public communication and national orientation, is now the special adviser on media and public communications.

Onanuga added that Daniel Bwala, announced last week as a special adviser on media and public communication, will now function as the special adviser on policy communication.

“These appointments, along with the existing role of special adviser, information and strategy, underscore that there is no single individual spokesperson for the presidency,” the statement read.

There had been some confusion as Onanuga, designated as special adviser on communication and strategy, had been the presidential spokesman since the exit of Ngelale Ajuri, who was special adviser on media and publicity.

However, on Monday, Bwala announced himself as the presidential spokesperson.

“Today, I resumed officially as the Special Adviser, Media and Public Communications/Spokesperson (State House). I am happy to have joined a meeting of the robust and fantastic communication team of Mr. President. I love the existing unity among the team and hope we can leverage on that even for more synergy,” he wrote on his X handle.

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