Obasanjo Tours South-East Ahead Of Economic Forum

Ahead of the South-East Economic Forum scheduled to hold on Saturday, the Brent Hurst Foundation paid a visit to the region today.

Its Chairman and former President Olusegun Obasanjo toured Enugu State where he was received by the state Governor, Ifeanyi Ugwuanyi among several govt officials.

Looted Funds: Osinbajo Blames Difficult Recovery On Int’l Financial System

We Hear You, Loud And Clear, Osinbajo Tells ProtestersNigeria’s Vice President, Professor Yemi Osinbajo, has blamed the difficulty in retrieving funds looted from the country on the international financial system.

Professor Osinbajo was speaking on Thursday at the Organisation for Economic Cooperation and Development (OECD) forum in Paris, France.

In a statement, the Vice President pointed out that illicit financial flows must be regarded as corrupt activity.

He acknowledged that the tracing, freezing and return of stolen assets have proved exceptionally difficult for most African countries.

“Countries hosting global financial centres, and other usually targeted destinations of illicit flows must be held more accountable to enforce mechanisms which ensure transparency of ownership, control, beneficial ownership, trusts and other legal contrivances that may be used to camouflage financial or other assets,” Professor Osinbajo said.

He insisted that member-countries must work collaboratively to ensure transparency in financial transfers, and outlaw secrecy jurisdictions, in addition to more rigorous enforcement of rules promoting transparency in the international banking and financial system.

25 Political Parties In Bayelsa State Endorse Jonathan

political partiesBarely a week to the 2015 Presidential polls in the country, 25 political parties, under the aegis of the Conference of Nigerian Political Parties (CNPP), Bayelsa State Chapter, have shown their support for President Goodluck Jonathan.

In a statement issued at the end of the meeting attended by the Chairmen and Secretaries of political parties in Yenagoa, they expressed satisfaction with the performance of the incumbent President in all sectors of the economy in his first tenure, pointing out that he deserves a second term in office to consolidate on the gains already achieved.

Addressing journalists after the meeting, which was convened by Governor Seriake Dickson, the State Chairman of the Conference of Nigerian Political Parties, Mr. Lucky Akpeli, stated that the parties were unanimous in their support for President Jonathan and equally pledged their resolve to mobilize their supporters across the state to turn out massively and vote for Goodluck Jonathan.

The forum, which commended Governor Dickson for his all-inclusive and fair minded disposition to governance, especially in handling the affairs of the state, urged him to convene meetings of the forum on a more regular basis to give all stakeholders the opportunity to speak their minds, as well as contribute more meaningfully to the development of the state.

The four-point communiqué also enjoined the leaders of all the political parties to work hard and ensure peaceful and rancour free elections in Bayelsa State.

Federal Government To Distribute One Million Smart Meters

smart meters

The Federal Government had said it will soon commence the distribution of one million smart meters to consumers across the country.

The Permanent Secretary, Ministry of Power, Dr Godknows Boladei Igali, made this known at a forum to proffer solutions to effective billing System in Lagos.

Dr Godknows said at the forum that the Federal Government was also seeking other ways at reducing technical and commercial losses in a view to satisfy the electricity needs of its people and boosting power supply.

Prior to this, the Minister of Power, Prof. Chinedu Nebo, had said that the private sector owners of the electricity distribution companies inherited a lot of customers who had no meters.

This was in response to the complaints of power consumers across the country.

Prof. Chinedu said, “The private sector inherited a customer base in which 50 per cent do not have meters. Nigeria has the highest per capital electricity theft in the world.

“That is why we are now doing smart meters and we are moving to a place where the meters will be mounted on poles, because something has got to be done fast.

“As a result of the burden on the DISCOs due to meter issues, the President has provided funding to give over one million meters to Nigerians to reduce the gap and then allow the DISCOs ensure that all customers are given meters.”

On when Nigerians would start getting the meters, Nebo said, “The fact is that the funding has been approved by Mr. President and the funds would be released very soon.

“These meters are being procured and I do think that in the next couple of months, you will begin to see them because the mechanism still needs to be developed on how they would be shared to the Distribution Companies.

“They (DISCOs) will distribute and install these meters and these are all being worked out. Some people may not be happy to give you meters, but we think we should continue to insist that every consumer must be given a meter because the only way to stop estimated billing is to provide these meters.”


EEI Forum Will Make Rivers’ Citizens Aware Of Their Environment – Boms

eeiThe Attorney General of Rivers State, Worgu Boms, has described the ongoing Energy, Environment and Investment Forum as a way of making the citizens of the state interested in the energy sector and the environment.

He stated that part of the focus of the forum was to solve the devastation to the climate that comes from the environment and other activities in the mining sector and how it can be solved.

Speaking as a guest on Channels Television’s breakfast programme, Sunrise Daily in Port Harcourt on Tuesday, Mr Boms pointed out that one of the benefits of the forum would be the refocusing of the State’s activities to the energy sector and not wait for oil companies to do so.

He insisted that people of Rivers State needed to know more about energy, its use and importance. “People across board should be aware of what is happening in the state and to their environment”.

He noted that there were some forms of energy that are cleaner, purer and more dependable than oil such as wind, solar amongst others.

He further stated that the forum would look at ways of providing more job opportunities, through exploration of alternative sources of energy, a development he stressed would help reduce the rate of unemployment in the state.