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Economy

Tinubu sacks SON DG, 13 other heads of government agencies 

President Tinubu
The eyewitness reporter
In his continuation of the massive reorganization of government agencies, President Bola Ahmed Tinubu has again sacked 14 additional Chief Executive officers of government agencies and parastatals and announced their immediate replacement.
In the latest gale of sack, Malam Farouk Salim, who was until yesterday, the Director General of the Standard Organisation of Nigeria (SON), was sacked and replaced with Ifeanyi Chukwunonso Okeke.
Incidentally, Salim addressed the press yesterday,Thursday October 12th, 2023 at the dump site where the agency destroyed seized substandard goods in Lagos  where he  also called for the prosecution of importers and smugglers of fake and  substandard products.
Other new appointments made by President Tinubu include
Corporate Affairs Commission (CAC) — Hussaini Ishaq Magaji, SAN,  Industrial Training Fund (ITF) — Afiz Ogun Oluwatoyin,  National Sugar Development Council (NSDC) — Kamar Bakrin and Nigeria Export Processing Zone Authority (NEPZA) — Olufemi Ogunyemi.
Others are Nigeria Export Promotion Council (NEPC) — Nonye Ayeni, Nigeria Investment Promotion Commission (NIPC) — Aisha Rimi, Oil & Gas Free Zone Authority (OGFZA) — Bamanga Usman Jada, Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) — Charles Odii, Financial Reporting Council of Nigeria (FRCN) — Rabiu Olowo and
11. Nigeria Commodities Exchange (NCE) — Anthony Atuche.
CFA.
 Lagos International Trade Fair Complex (LITFCMB) is now to be headed by  Veronica Safiya Ndanusa, Tafawa Balewa Square Management Board (TBSMB) to be manned by  Lucia Shittu while the National Automotive Design and Development Council (NADDC) has  Oluwemimo Joseph Osanipin as the new CEO.
According to the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the new appointments take immediate effect.
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Economy

Removal of tariffs on importation of rice, other food items not yet ratified by President Tinubu — Presidency 

The Eyewitness Reporter 
The Presidency has debunked a widely circulated news that President Bola Ahmed Tinubu has granted duty-free importation of some staple food items, including rice.
The presidency officials clarified that the matter is just a proposal to President Tinubu by the economic team as part of the measure to address the food crisis ravaging the country.

A leaked memo which circulated on Monday, July 8th, 2024 had said that the government of President Bola Tinubu was considering suspending tariffs on rice and other food commodities’ imports for 150 days to rein in hunger nationwide.

According to the leaked official document, Abubakar Kyari, minister of agriculture and food security, had in a statement earlier on Monday,  said duties, tariffs and taxes on imported maize, husked brown rice, wheat and cowpeas — through land and sea borders — have been suspended.

Kyari, in the memo, said a 150-day duty-free import window for food commodities will be enforced as part of measures to be implemented over the next 180 days to ameliorate food inflation in Nigeria.

According to him, the measures are part of the accelerated stabilisation and advancement plan recently presented to President Bola Tinubu by the economic management team (EMT) under the Presidential Economic Coordination Council (PECC) constituted by the president in March.

The minister has said in the leaked memo that multiple taxes and levies, infrastructural challenges and “sheer profiteering by marketers and traders” have contributed to rising food prices.

But Presidential spokesman, Bayo Onanuga, who had earlier posted the policy proposal on his official X handle but quickly deleted it a few minutes after later clarified that the memo was already circulating across government departments, but said the policy was not imminent as of Monday evening.
He also noted that the leakage of the memo was a regrettable error.

“The policy was mistakenly circulated,” Onanuga said on Monday evening.

 “We are still deliberating internally from the agric ministry to other agencies on how best to proceed with the policy.”

Onanuga apologised for the error and said the government was not oblivious to its potential impact on long-suffering Nigerians.

The retracted policy draft said the measures would be implemented over the next 150 days and involve relaxing duties, tariffs and taxes on importing certain food commodities through land and sea borders.

It would be recalled that the Tinubu government is facing growing anger among Nigerians over its failure to address endemic food shortages urgently, even as inflation hovered at historically high figures.

On Monday, a frustrated citizen attempted to jump to his death from a 40-metre-high radio transmitter over a worsening economic crisis.

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Economy

How I fought local, international oil mafia that tried to sabotage our refinery project- Dangote

The Eyewitness Reporter 
The Chairman of the Dangote Group, Aliko Dangote has accused those he described as oil mafia of trying to sabotage the refinery project.

Dangote who was speaking at the Afreximbank annual meetings (AAN) and AfriCaribbean Trade and Investment Forum in Nassau, The Bahamas, on Wednesday, said the group he labeled as stronger than the mafia in drug, tried several times to stop the project from becoming a reality.

“Well, I knew that there would be a fight. But I didn’t know that the mafia in oil, they are stronger than the mafia in drugs,” he said.

When asked if the group is local or foreign, he said, “Both. There is a local one and a global one. It is all mixed up. They tried all sorts but you know, I’m a person that has been fighting all my life. So, I think it’s part of my life to fight.”

‘We’ll end up winning’

Despite the battles, Dangote believes victory is assured.

“I think we will end up winning because the population and the government will be on our side because what we are doing is right,” Dangote said during the event.

In January, the Dangote refinery started production in an event the company described as a “big day for Nigeria”.

“Dangote Petroleum Refinery has commenced production of diesel and aviation fuel,” the group said. “This is a big day for Nigeria. We are delighted to have reached this significant milestone.”

The 650,000 barrel-per-day Dangote refinery is expected to be a game changer when fully operational by helping end Nigeria’s reliance on fuel imports.

It sits on 2,635 hectares (6,500 acres) of land at the Lekki Free Zone on the edge of Lagos and costs an estimated $19 billion.

Though one of Africa’s largest oil producers and the continent’s top economy, Nigeria relies almost totally on imported fuel and diesel because of a lack of refining capacity.

The refinery, first scheduled to open in 2021, was officially inaugurated by then-president Muhammadu Buhari last year.

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Economy

Fuel scarcity looms as Oil workers join NLC strike 

Funso Olojo 
There may be yet another disruption in the distribution of the Premium Motor Spirit(PMS) otherwise known as fuel, as the Nigerian Union of Petroleum and Natural Gas Workers(NUPENG) has directed all its members in all the branches of the union nationwide to comply with the indefinite strike action called by the Nigeria Labour Congress(NLC).
It would be recalled that NLC has called out its members and affiliates, including the Trade Union Congress (TUC) on indefinite strike action from today, June 3rd, 2024 over a disagreement on minimum wage with the Federal Government.
In what appears to be solidarity with the NLC, NUPENG has directed all its units nationwide to cease operations and comply with the strike starting from Monday, June 3rd, 2024.
In a circular dated June 1st, 2024, signed by  Comrade Afolabi Olawole, the Secretary General of the Union and addressed to all NUPENG branches and members, the Union instructed all members to immediately put all processes in place to comply with the directive.
”This is to notify all our members and branches in all oil and gas installations, operations and services, including distribution and marketing of petroleum products, that our great Union is fully committed to ensuring total compliance with the directive of Nigeria Labour Congress issued on Friday, 31st, May, 2024 for an indefinite nationwide strike commencing from Monday, 3rd, 2024.
”As a Union, we are deeply concerned and disturbed with the insensitive and irresponsive attitude of the Federal Government to the very critical issue of negotiating a new minimum wage for Nigerian workers in view of the various social-economic policies of this administration that have impoverished the working people of this country.
”Leaders of our great Union at all levels, from the Units, Zones and Branches, should immediately put all processes in place to ensure total compliance with the directive.
”Our solidarity remains constant for the Union makes us strong” the circular, with reference No HQ/Ops/063/2024, said.
Already, Electricity, Judiciary, Medical and Port workers have indicated their resolve to comply with the NLC directive of the strike action
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