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FG approves N9.2bn premium for civil servants’ Life Insurance

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The Federal Executive Council (FEC) has approved the sum of N9.2billion as premium to insurance companies that will manage the group life insurance for federal civil servants in the country.

Minister of Information and Culture Lai Mohammed revealed this when he briefed State House correspondents on the outcome of the Council meeting which was presided over by President Muhammadu Buhari in Abuja on Wednesday.

He said: “On behalf of the Head of Civil Service of the Federation, I will like to report that council today approved the award of contract for the appointment of insurance companies for group life assurance for federal government employees, public servants, para-military and the intelligence community for the year 2021-2022 in the sum of N9, 248. 995, 907.

“This premium is for a period of 12 months.

“This is part of the government’s welfare programme for our public employees so that in case of death, they are assured that there would be compensation.”

The minister revealed that the council also approved N18.1billion for development of infrastructure and Kano and Calabar Free Trade Zones, as well as the Textile and Garment Park in Lagos and the Special Economic Zone, Lekki–Lagos.

Mohammed said the approval was of critical importance to the infrastructure development plan of the country.

The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, who also addressed the correspondents on the outcome of the FEC meeting, said she presented the first quarter of 2021 GDP results and other performance indicators of the Nigerian economy to the Council.

According to her, the estimates and report show that Nigerian GDP has grown to 0.51% year-on-year in real terms in the First Quarter of 2021.

The minister revealed that the agricultural sector posted a strong growth at the rate of 2.28 per cent in the first quarter of 2021, compared to previous quarters.

“Also, there is a further illustration that the slow, but gradual recovery process is indicative of the fact that business operations are returning to normal and that restrictions of movements and commercial activities have been relaxed after extended close-down in the year 2020.

“Also, the agricultural sector posted a strong growth at the rate of 2.28 per cent in the first quarter of 2021, compared to previous quarters. This growth in agriculture signifies the resilience of the agricultural sector.

“Also, the industry sector has recorded positive growth, even though a weak one, but the growth is a positive one and this marks the past quarter of growth over the past one year in the industry sector.

“Services recorded a slight dip, but a small one at 0.39 per cent.

“In addition to the economic activities and the reopening our businesses, growth was also boosted, in fact by increase in crude oil prices as well as increase in production in the first quarter of 2020.

“We have seen this positive growth being contributed by not just the oil sector, but also by economic activities within the metal sector, the cement sector, electricity, telecommunications, food and beverages as well as human health and social services,’’ she said.

The minister, however, stated that some sectors had recorded negative growth, saying such sectors included quarrying and other minerals, oil refinery, road transport, air transport, rail transport, education, as well as hospitality sectors.

On inflationary trends, Ahmed noted that throughout 2020 airline inflation had maintained an upward trend.

The minister also maintained that prices of food items might not come down as fast as the other aspects of inflation.

She said: “For the first time in 19 months, inflation has shown a slight dip. It’s a very slight dip, but it’s a positive point for us, we had indicated that our projection is that inflation will begin to flatten in the month of April 2021 and this is an indication.

“So, subsequent periods we are looking at inflation beginning to trend downwards. Food inflation will not come down as fast as the other aspects of inflation.

“But it is important to also see that the rate of food inflation also showed a slight dip and the rise in food index, which you will see if you check the detailed report, is driven by foods such as coffee, tea, cocoa, breads, cereals, soft drinks, milk, cheese, not basic food items like rice, maize and millet.

“So this is what we reported to Council today.”

The Minister of Environment, Alhaji Muhammed Mahmud, told the correspondents that the Council approved a revised national policy on climate change.

According to him, the revised policy is aimed at a Nigeria that is sustainable environmentally.

“Its implementation strategy is to be all encompassing. We have met with several MDAs, agencies and civil society organisations and even the media because this is something that requires all hands on deck as we are all potential polluters of environment causing climate change.

“Eventually and ultimately the objective is to help Nigeria that is climate resilient and also gender sensitive in the future and that is the vision of this policy intellectuals because the world is moving towards carbon neutrality.

“It is assumed that by the year 2015, we should have carbon neutrality.

“Now is the time to get prepared for that so that is what the policy is all about to drive towards a Nigeria that is sustainable environmentally,’’ he added. (NAN

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Lakurawa Terrorists, Not Bandits Responsible For Zamfara Explosion — Police

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The state’s police commissioner says members of the dreaded group were seen around the scene of the incident shortly before the explosion.

The police have fingered newly formed terror group Lakurawa as the mastermind of an explosion that occurred along the Dansadau-Gusau Road in the Maru Local Government Area of Zamfara State on Wednesday.

“This Lakurawa (group) when they were dislodged by the Army in Sokoto and Kebbi, the rest of them that survived the military onslaught were trying to find new enclaves,” the state’s police commissioner Muhammed Dalijan said on Channels Television’s Sunrise Daily breakfast programme on Thursday.

“As they were passing that village to Birnin-Gwari forest, they planted a bomb under a bridge. Then a motorist was passing and step on it. It exploded and killed the driver and three other people were seriously injured.”

The police commissioner said members of the dreaded insurgent group were seen around the scene of the incident shortly before the explosion.

Dalijan said planting of explosive devices was a new development in the North-West state. He said though Zamfara has had a long battle with deadly bandits, they don’t have the capacity to plant explosive devices.

“They were seen passing through a village and as we were getting reports, trying to get ourselves prepared to pursue them, this (explosion) happened. So, we are sure that they were the ones that planted the bomb.

“The bandits here (in Zamfara) don’t use bombs because they don’t know how to make it; they don’t know how to improvise explosive devices. So, we are 100% sure that they (Lakurawa) are the ones because planting bombs in Zamfara State is a new development and bandits don’t have that capacity,” he said.

Zamfara, located in North-West Nigeria, has become the “hub of banditry” in Nigeria, as described by Governor Dauda Lawal.

The governor said the marauding bandits whose kidnapping-for-ransom trade is booming in the state can be strangulated in two weeks with the right political will.

Meanwhile, military authorities have vowed to eliminate Lakurawa insurgents and other terror groups like Boko Haram and the Islamic State West Africa Province (ISWAP).

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Senate Sets Up Committee To Review Tax Reform Bills With AGF

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The Senate on Wednesday set up a committee to to review the controversial Tax Reform Bills that are before the National Assembly.

The Committee which is headed by Minority Leader, Senator Abba Moro (PDP, Benue South) will meet with the Attorney General of the Federation, Lateef Fagbemi, to address grey areas in the bills and revert to Senate before public hearing.

The Deputy Senate President Barau Jibrin disclosed this during plenary on Wednesday.

Barau, who presided over the session, said that the executive arm of the government agreed with the Senate that there is need to resolve all the issues causing disagreements in the bills.

Barau said, “We decided to put politics, ethnicity, regionalism aside to sit among ourselves in order to find a way forward in respect to issues affecting the tax reform bills. It is on this note that we extended our view to the executive arm of government, and it was agreed that there should be a forum to sit down to look at the areas that are creating disagreements in order to resolve them so that the entire country will remain united in our efforts to solve our problems.

“Before the introduction of these bills, we know we have been faced with several problems; insecurity that we and the president have been trying to solve, issues about our economy which is in line with global economic problems. And we also agreed that we shouldn’t allow any other to come in to aggravate the problems of our country.

“It is on this note that it has been agreed by the executive and by us that there should be a forum that should sit with the Attorney General of the Federation so that we can sit and look at all the areas of disagreement and resolve them for the interest of this nation.

“It is therefore proposed that tomorrow there will be a meeting with the committee that will be set here to sit down with the Attorney General to look at those issues and resolve them. It is on this note that the Committee on Finance that the bills have been referred to halt action with public hearing and other issues until we resolve those issues.”

President Bola Ahmed Tinubu had on October 3, 2024, forwarded four tax reform bills to the National Assembly.

The proposed Tax Reform Bills have generated a lot of controversies since its introduction at the National Assembly, meeting serious resistant especially from the Northern part of the country.

Following the controversies the bills have generated, the National Economic Council had advised President Bola Tinubu to withdrawal the bills to allow for further consultations, but he had refused and said that the bills should go through the necessary legislative processes.

Last week, the bills were passed at the Senate for second reading through voice votes.

The proposed legislation seeks to harmonize, coordinate, and resolve disputes arising from revenue administration in Nigeria.

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Gov Sanwo-Olu Signs Lagos Electricity Bill Into Law

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The Lagos State Electricity Law 2024 is a comprehensive plan of Governor Sanwo-Olu’s resolve to address longstanding challenges in the energy sector.

Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill into law.

The ceremony which was carried out at Lagos House Alausa Ikeja, had in attendance the state deputy governor Kadri Hamzat, members of the State assembly, as well as the state executive council members.

Governor Sanwo-Olu commended the state House of Assembly for ensuring the speedy passage of the bill, stressing that the bill will change the socio-economic value of citizens in Lagos State.

He stated that the electricity bill has been in the works for some years, and now that is finally achieved as Lagosians can be sure of a steady power supply.

On his part, the state Commissioner for Energy and Mineral Resources, Biodun Ogunleye, said the electricity law signed will provide an additional grid for Lagos State, and also put an end to black out in the state.

“There will now be regular power supply. Host community development Trust fund, which will provide opportunities for communities to develop power plant,” he said.

Ogunleye noted that the step taken by the government stands as a beacon of progress, that will ensure uninterrupted power supply in Lagos State.

The Lagos State Electricity Law 2024 is a comprehensive plan of Governor Sanwo-Olu’s resolve to address longstanding challenges in the energy sector.

The law will lay a robust foundation for economic growth, fostering industrial growth, improved quality of life, energy equity, economic prosperity, and environmental sustainability.

Among other things, the law seeks to establish a Lagos Electricity Market that is technically sound, financially viable, and well-regulated, ensure access to affordable, reliable, and sustainable electricity for all citizens.

It also helps to promote diverse energy sources, including renewable energy, and encourage energy efficiency, foster investment, competition, and innovation in the electricity sector and electrify underserved areas, contributing to the sustainable development of Lagos State.

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