Air
Nigeria to fly again
Air
Nigeria will soon recommence regional and domestic operations.
"We
would also like to inform that the Lagos –
London - Lagos flights are operating to schedule and are not affected by the
temporary suspension directive of the NCAA.
Passengers
are therefore encouraged to proceed with their confirmed itinerary while
intending customers can make their reservations through all our sales
channels." a statement said.
The
reinstated Director-General of the Securities and Exchange Commission (SEC),
Ms.Arunma Oteh, Monday resumed duty after the Minister of Finance, Dr. Ngozi
Okonjo-Iweala had last Friday visited the commission to pacify members of staff
of the commission.
Oteh,
who was asked to proceed on compulsory leave on June 11, was recalled last
Wednesday by the Federal
Government, saying the report of the external auditors hired to investigate her
role in Project 50, Pricewaterhouse Coopers(PWC) did not indict her.
Although
the news of her recall was welcomed with protests by the workers of the
commission, Oteh waited for Okonjo-Iweala, who supervises the commission to return before resuming.
The
minister was said to have visited SEC last Friday and urged the workers to take
the decision of the government in good faith.
Based on
the above, Oteh resumed yesterday morning and held meetings with all the
coordinating directors and divisional heads at the commission. Although details
of the meeting could not be ascertained, sources said she sought their cooperation and harped on the
need for every staff member to work closely to move the market forward.
It was
gathered that Mr. Ibrahim Bolaji Bello, who acted as DG while Oteh was away has
retired.
“Bello
was meant to have retired June 30, and he has retired now that madam is back,” a member of staff of the commission said.
Stakeholders have advised the DG to have
positive reflections on
what has happened, learn from it, make amends and bear no grudge.
Lagos Plans 50% Input Subsidy for Farmers
The
Growth Enhancement Support Scheme (GESS) was flagged off by the Minister of
Agriculture and Rural Development, Dr. Akinwunmi Adesina, and is one of the
schemes under the Agricultural Transformation Agenda (ATA) of the Federal
Government aimed at making material inputs readily available to farmers across
the country.
Briefing
journalists on the development during the 2012 annual International Day of
Cooperatives, Lagos state Commissioner for Agriculture and Cooperatives, Prince
Gbolahan Lawal, said that the scheme seeks to lift 20 million poor farmers out
of subsistence into self-sufficiency.
He also disclosed that fertiliser and seeds would be made available, accessible and affordable to farmers and the programme has been designed to run for four years.
He also disclosed that fertiliser and seeds would be made available, accessible and affordable to farmers and the programme has been designed to run for four years.
“Under
the private sector driven scheme, maize and rice seeds and fertiliser (Urea and
NPK) will be made available to farmers at 50 per cent subsidy through
Agro-dealers. The balance of 50 per cent will be paid by the Federal Government
and State Government at 25 per cent each,”
he explained
Power reform hits milestone as Manitoba takes over TCN
The
Federal Government on Monday in Abuja signed a $23 million (N3.68 billion)
three-year contract with Manitoba Hydro International (MHI) of Canada for the
management of the Transmission Company of Nigeria (TCN), a significant stepping
stone and transition for the power sector reform.
Bola
Onagoruwa, BPE director general, who signed the contract on behalf of the
Federal Government, said the Canadian firm, to which government had made an
advance payment of $2.5million (N400 million) for the contract, would resume
work on Monday, July 30, at the PHCN headquarters in Maitama, Abuja.
Onagoruwa
listed stabilisation and security of the grid, reduction of electricity losses
during transmission and staff reorientation as some of the key objectives of
the contract.
“The
management contract would also provide efficient management of government
investments and ensuare adequate and equitable generation dispatch, according
to fair merit order and sound regulatory principles.
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