Business
FG insists Nigeria Air ‘ll fly before May 29
About few days to the end of President Muhammadu Buhari-led administration, the Federal Government, Monday, insisted that the national carrier, Nigeria Air will fly before May 29.
The Federal Government has also granted approval to an online university and 36 other private universities, just as the Minister of Education, Mallam Adamu Adamu has declared that the country needs more universities.
Fielding questions on the possibility of Nigeria Air becoming operational before May 29 when the administration of President Buhari will come to an end, the Minister of Aviation, Senator Hadi Sirika emphatically said that the national carrier will fly before the exit of the government.
He simply said, “Yes, we are on course, we’re on course, and by the grace of God before President Buhari leaves office, it will fly. We are on course, we are on course and before May 29, it will fly.”
The Minister also said the federal government gave approval to N3,197,127,22.72 for the procurement and installation of Taxi Waylights and Photometric Pattern in three airports and some other equipment all over the country.
Briefing State House correspondents at the end of the Extraordinary Federal Executive Council, FEC, meeting presided over by Vice President Yemi Osinbajo, at the Council Chamber, Presidential Villa, Abuja, Senator Sirika explained that the equipment would be installed in Port Harcourt, Lagos and Abuja airports.
He said, “So today in council, something very significant has happened in the world of civil aviation. Part of our roadmap, the aviation leasing company has been established and approved by council.
“A second memo was also a contract for procurement, an installation of taxi waylights in the system and photometric pattern in Port Harcourt, Lagos and Abuja and some other equipment all over the country.
“And this contract is in the total sum for the photometric and taxi waylights system N3,197,127, 22.72 billion with an eight-month period and the contractor Mssrss KSR3 Global Ledger Limited,” the minister said.
Showing the approval, the minister said, entrepreneurs in civil aviation will have access to these equipment at affordable rates in Nigeria, and this is part of the roadmap, adding that, the roadmap is gradually coming to 100 per cent completion.
Also briefing, the Minister of Education, Mallam Adamu Adamu said the Council approved 37 new universities, adding that the number has brought to 72 the total number of universities licensed by the Buhari administration since 2015.
Although he did not name the universities, he revealed that one of them is an online university, the first of its kind in Nigeria, and owned by a woman from Bauchi State, with the expectation that it will cater for the likes of northern Muslim women who feel reluctant or are restrained from attending physical campus education.
Asked by journalists if the additional universities are really expedient given the funding challenges of existing ones, Adamu explained that these ones are all private, with enough funds to run them and they should not be denied the opportunity to exist.
Besides, he said Nigeria actually needs more universities as the available ones are not adequate to take up all those aspiring for higher education.
Business
Nigeria’s GDP rate grew by 3.46% in Q3 2024, says NBS
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
Business
Dangote refinery reduces ex-depot price of petrol to N970 for oil marketers
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday.
The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.
“In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement reads.
“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Business
Allegation of missing fund untrue, says Access Bank
Access Bank Limited has dismissed as untrue allegations of missing fund and unethical behaviour.
The Bank in a statement said: “Our attention has been drawn to a video on social media wherein allegations of missing funds and unethical behaviour have been made against Access Bank PLC.
“First and foremost, we wish to emphasise that the safety and security of our customers’ funds are core priorities which we take seriously. Second, Access Bank Plc does not engage in or condone any unethical behaviour.
“In the instant case, the allegations of missing funds in the Bank are most untrue and baseless.
“There is no N500million or any other fund or amount missing from the subject customer’s account or from any other customer’s account with us.
“We and other independent stakeholders in the banking industry have thoroughly investigated these allegations and independently arrived at the same conclusions.
“Access Bank PLC operates with the highest ethical standards, and we protect our customers’ interests whilst also respecting privacy laws.
“Consequently, whilst we have engaged and will continue to engage with our customers, we must advise the public not to rely on or believe sensational and unverified claims that are designed to titillate and mislead the public.
“We remain committed to serving our customers.”
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