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I will privatise parts of NNPC says Waziri Atiku Abubakar

Published

7 years ago

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Nigeria’s former vice president Atiku Abubakar will privatize parts of the country’s state oil company and allow the naira currency to float to attract foreign investment if elected as head of state, he told Reuters.

Abubakar said he would go further if elected president.
“I am also going to expand it to include the oil and gas sector which have not been touched at all and other major sectors of the economy like mining, solid minerals,” he said.

Abubakar said he would privatize parts of Nigerian National Petroleum Corporation (NNPC) which has been beset by decades of mismanagement and is crucial to the OPEC member’s economic fortunes. He did not specify the parts that would be privatized.
“I am a strong believer in very, very small government and also the private sector,” he said.

A drop in crude oil prices from late 2014 pushed Nigeria into its first recession in 25 years in 2016, spawning chronic dollar shortages because oil receipts make up two-thirds of government revenue and most of the country’s foreign exchange.
The economy moved out of recession last year but growth remains weak and multiple exchange rates remain in place, imposed by the central bank to support Buhari’s insistence that the naira should not be allowed to float.

“I will allow the naira to float because I believe that is one of the ways foreign direct investment can be encouraged to come in,” said Abubakar, who hopes to replicate Buhari’s 2015 feat of winning a presidential election at the fourth attempt.

NORTH POLL

Buhari, who took office in 2015, and whoever becomes president next will face challenges ranging from weak economic growth to communal violence between semi-nomadic herdsmen and farmers, as well as the Boko Haram insurgency.
Abubakar – who, like Buhari, is a Muslim from the north – said voters would welcome someone who could revive their fortunes, adding that of his three previous presidential campaigns he was only once rejected by the electorate. He was not selected as a party candidate on the other two occasions.

Parties must select their candidate by Oct. 7. The next president should be a northerner, under an unofficial power-sharing agreement under which the presidency alternates between the north and south after every two four-year terms.
Bismarck Rewane, chief executive of Lagos-based consultancy Financial Derivatives, said the former vice president’s familiarity and age could be a disadvantage.
“To upset the Buhari candidature, you need something different: someone young, energetic and charismatic. You need something distinct from the current leadership,” he said.
Abubakar lacked Buhari’s popularity in northern states and at 71, just four years younger than the president, would struggle to generate “inter-generational appeal”, Rewane said.
The UN estimates that the median age in Nigeria is 18.

Culled from (Reuters)

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Plantashun Boiz attempted reunions failed because I wasn’t invited, says Blackface

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3 days ago

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November 20, 2024 8:18 am

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Blackface, the Nigerian dancehall singer, says Plantashun Boiz, a defunct music group, multiple attempts to reunite failed because he was not included.

Formed in 2000 with 2Baba and Faze, Plantashun Boiz disbanded in 2004 but briefly reunited in 2007 for an album.

In a recent episode of the ‘Curiosity Made Me Ask’ podcast, the host asked Blackface if there was any chance that the group might come back together.

The singer disclosed that his colleagues had attempted to reunite without him but were unsuccessful.

“Without me, they have tried and they have failed. Many times. You saw them in all those shows that they were going,” he said.

“They tried but they failed. But what I must say is I’m the plantation. So let it be known. Forget the fake memo that they spread before.”

In September, Blackface called for the reunion of the defunct music group.

He urged fans to join the mission, emphasising that “unity is strength, not division”.

“My people oya make una talk put mouth for this matter! We are on a mission for world peace and it’s not a small-time thing,” he said in pidgin English.

Since 2015, Blackface constantly tackled 2Baba for recording 2004 hit ‘African Queen’ which he claimed he wrote.

In 2017, he argued that 2Baba “sabotaged” his career in the music industry.

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Despite feud, Peter Okoye celebrates Paul on 43rd birthday

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4 days ago

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November 19, 2024 11:00 am

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Peter ‘Mr P’ Okoye, the Nigerian singer, has celebrated Paul ‘Rudeboy’ Okoye, his twin brother, on their 43rd birthday amid their ongoing feud.

The twin brothers have been in the public eyes since their second fallout in August.

They had their first rift in 2017 which led to the dissolution of Psquare, their music brand. Though they reunited in November 2021, their reconciliation was short-lived.

Paul recently revealed another fallout, accusing Peter of orchestrating his arrest by the Economic and Financial Crimes Commission (EFCC).

Peter, however, denied the allegations and accused Jude Okoye, their older brother, of diverting millions of dollars from their joint account into a secret company.

Responding to the accusations, Jude said he had done everything possible, even “sacrificing himself,” to mend the rift between his brothers.

In an Instagram post on Monday, Peter shared several photos showcasing their growth over the years.

He also celebrated their birthday while wishing himself as well as his twin brother more wins.

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Tiwa Savage calls out Wizkid fan for bullying

Published

5 days ago

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November 18, 2024 10:21 am

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Wizkid’s group of fans collectively known as “Wizkid FC” are popular for their vehement support for Wizkid and their antagonism toward those considered his rivals.

Tiwa Savage is the latest artist to call out Wizkid FC for harassment after some members of the fanbase mocked her for releasing a song on the same day as Wizkid.

On November 15, 2024, Ruger released his new song ‘Toma Toma’ featuring Tiwa Savage which she shared on her Instagram page with the caption “Told yall this one is special. The @rugerofficial called and I answered”.

In response, a Wizkid fan said “Dey play, nothing special pass Wizzy hits”.

The reply rubbed off wrongly on Tiwa Savage who said “Because I am promoting music? WTF…y’all are not fans anymore ooo you guys are actual bullies”.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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