Connect with us

National

Climate Change: FG to tax Nigerians on carbon emission

The Federal Government has urged relevant stakeholders to embrace the carbon tax to help tackle climate change in the country.


Prof. Romanus Ezeokonkwo, Acting Vice Chancellor, University of Nigeria, Nsukka, (UNN), said this on Thursday at a stakeholders’ workshop on “Understanding the Incentives and Obstacles to Effective Carbon Tax Regimes in West African Countries.”


Ezeokonkwo described carbon taxation as a cost charged on the amount of carbon emissions into space.


He said that the Federal Government, through the development that was introduced by the National Council on Climate Change (NCCC), was developing a framework to determine the amount to be charged based on the quantum of emissions.


He said that the Federal Government, through the NCCC, was devising strategies to implement a robust carbon finance (carbon market framework and carbon tax regime) for the country in line with the Climate Change Act.


This, he said, followed the ongoing global dialogue on climate change mitigation, which emphasises the necessity of reducing greenhouse gas emissions through practical policy measures such as carbon taxation.


The Vice-Chancellor called on the stakeholders to ensure that they sensitised the public to buy into the government plan.


“The theme of today’s workshop is timely as the Federal Government, through the NCCC, is devising strategies to implement a robust carbon finance, carbon market framework and carbon tax regime for the country in line with the Climate Change Act.


“The timing of this workshop is crucial given the ongoing global dialogue on climate change mitigation, which emphasises the necessity of reducing greenhouse gas emissions through practical policy measures such as carbon taxation.


“Your role as stakeholders is crucial. While effective carbon pricing is acknowledged as a powerful tool in the global battle against climate change, getting public support for environmental policies remains a significant challenge in Africa.


“This workshop, therefore, seeks your valuable input from pertinent stakeholders in the realms of carbon pricing and fuel subsidy reforms in Nigeria and Ghana,” he said.


In his remarks, the Head, of Economic Regulation, National Petroleum Authority of Ghana, Abass Tasunti, stated that Ghana was also on the verge of ensuring that fossil fuel emissions were drastically reduced.


Tasunti said that the country’s target was mainly the industries that emit large-scale carbon.


He, however, said that so far, the country has not arrived at a fixed rate for it.


“The whole essence of carbon taxation, in my view, is to introduce taxes that move people away from the consumption of fossil fuels.


“Policymakers are looking for a way to impose taxes on petroleum products and use them to provide other alternative fuels.


“If they are done, it will give consumers options because you will agree with me that fossil fuel will not go off immediately.


“These carbon taxation initiatives and cleaner fuel initiatives are supposed to complement the use of fossil fuels,” he said.

National

ICPC tracks N610 billion projects in 22 states

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has kicked off phase 7 of the Constituency and Executive Project Tracking Exercise.

The tracking of the constituency and executive projects is an initiative of the Commission that began in 2019, focusing on how well money allocated to critical sectors of education, health, agriculture, water resources, and power, amongst others, by the government is utilised.

The 7th phase, involving 1500 projects with a total project value of N610 billion, commenced on Monday, November 18th, 2024, in 22 states across the 6 geopolitical zones.

The states are Kwara, Niger, Kogi, FCT, Kebbi, Kano, Kaduna, Jigawa, Bauchi, Gombe, Borno, Lagos, Ondo, Osun, Oyo, Akwa Ibom, Rivers, Cross River, Delta, Imo, Abia and Enugu State.

The phase 7 tracking exercise will cut across agencies of government, including intervention agencies such as North-East Development Commission (NEDC), Niger Delta Development Commission (NDDC), National Agricultural Land Development Authority (NALDA), Universal Basic Education Commission (UBEC), Rural Electrification Agency (REA), National Primary Health Care Development Authority (NPHCDA), Tertiary Education Trust Fund (TETFUND) and Ecological Fund Office.

The objective of the exercise is to deepen adherence to due process in the execution of government projects, improve value for money, and entrench the culture of compliance with the scope and specification as contained in the contract documents.

The ICPC tracked a total of 1,900 projects valued at N500 billion naira in phase 6 of the exercise across 24 states of the nation’s 6 geopolitical zones.

The projects were tracked within the focal sectors of Education, Water Resources, Agriculture, Power, Health, Energy, and Roads.

These projects in the 6th phase were awarded to 1,355 contractors in 176 MDAs.

Continue Reading

National

FG awards contracts for Calabar, Ebonyi, Benue, Kogi, Nasarawa, Abuja highways

President Bola Tinubu has approved the restructuring of his media team

The Federal Government has signed a contract with Infiouest International Limited for the construction of the Calabar-Ebonyi-Benue-Kogi-Nasarawa-Abuja Superhighway to boost the country’s transportation ecosystem.

Speaking during the signing ceremony in Abuja, Minister of Works, David Umahi, thanked President Bola Tinubu for his inclusive leadership and the distribution of the dividends of democracy.

Umahi also explained that the Legacy Project is strategic for boosting transportation along the economic corridors of the South East and North Central, noting that it would stimulate trade along the regions and foster inter-regional cohesion, cooperation, and collaboration.

He noted that the project will create a seamless movement of goods and services between the Southeast and Northern routes of the road and further the road infrastructure revolution master plan in keeping with the tenets of inclusive leadership in the country.

According to Umahi, the Federal Ministry of Works has also signed a contract with Infiouest International Limited for the construction of Enugu/Abakaliki/Ogoja Highway (Africa Trans-Sahara route) cutting across Cross River, Benue, Kogi, Nasarawa States and terminating in Apo in Abuja.

The Works Minister argued that the project will consist of the reconstruction of the existing jointed, asphalt concrete and laterite surfaced road pavements from Ndibe beach, traversing through Eke Market.

Others, Abaomege, Onueke, Achiagu, Umuoghara/Onu Nwafor, Ukwuachi, Ishieke, Odomoke before terminating at Mbeke in Ebonyi is the third Project spanning 118.85km and it is to be constructed on Continuously Reinforced Concrete Pavement (CRCP).

He assured that the four projects are not just transformational but also critical investments that would turn around the socio-economic fortunes of the country, stimulate diversification, and enhance a more sustainable transportation ecosystem.

Umahi therefore thanked Mr. President for carrying on the execution of the inherited road projects across the 6 Geo-Political zones, including the South East, believing, Lagos – Calabar 750 kilometers sections 1 and 2, construction already are going on very well.

“Despite legal action, the project is a must. We’re supporting Mr. President to have that project accomplished. It is an investment. Very soon, we are starting 3A and 3B in Cross River and Akwa Ibom,” Umahi said.

The Minister argued, “There is Sokoto-Badagry Superhighway, 1,068 kilometers. Two sections are already ongoing. The biggest of the project is the Kebbi section, 258 kilometers. It’s ongoing. We’ve flagged off, and we have paid the first mobilization fee.”

Speaking after signing the contract, the Managing Director of the company, Mr. Joseph Abou Jaounde promised to justify the confidence reposed on them, saying, “We have to carry on with this goal, and we have to prove that we trust in the right place.”

Continue Reading

National

Alia approves ₦75,000 minimum wage for Benue workers

 Gov. Hyacinth Alia of Benue has approved a minimum wage of ₦75,000 for workers in the state.

Alia in a statement by his Chief Press Secretary, Sir Tersoo Kula, announced the new wage after he met with organised labour representatives on Monday in Makurdi.

The governor said that the new minimum wage would take effect in November 2024.

He stated that the remaining three months of the five-month backlog of salary arrears promised workers would be paid as budgeted in the 2024 budget.

He emphasised that the arrias would be paid along with the new minimum wage.

“We decided to set the wage at ₦75,000, fully aware of the other concerns raised by organised labour during the negotiations.

“These concerns included a minimum wage of N30,000, wage awards, transportation allowances, tax relief, and work-off days, among others.

“Recall that the President had approved the sum of N70,000, which we have decided to exceed, considering the concerns raised by organised labour regarding our ability to pay,” he said.

Alia restated his administration’s commitment to serve the common man and stressed that he would do everything legitimately possible to ensure that Benue workers were properly taken care of.

The governor added that his motivation to ensure the arrears were paid was to alleviate the effects of hardship on workers.

Continue Reading

National

Lagos court jails NOGASA chair 21 years for N43.5m fraud

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, an erstwhile Chairman of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), to 21 years imprisonment for an N43.5 million fraud.

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) arraigned Philips, alongside his firm, Oceanview Oil and Gas Limited, on April 5, 2022, on a two-count bordering on obtaining money by false pretence to the tune of N43,502,000.00.

Count one read: “Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016, at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the aggregate sum of N43,502,000.00 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited under the false representation that you would sell to WAPCIL Nigeria Limited $98,870.00, a representation you knew to be false.”

Count two read: “Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016, at Lagos, within the jurisdiction of this Honourable Court, stole the sum of N43,502,000.00, property of WAPCIL Nigeria Limited.”

He pleaded “not guilty” to the charges, which led to his full trial.

In the course of the trial, prosecution counsel M.S. Owede tendered several documentary evidences and called five witnesses to substantiate the allegations against him and his company.

The defence, on its part, called three witnesses during the trial.

Delivering judgment on Monday, Justice Dada held that the prosecution proved its case against the defendants beyond reasonable doubt.

Consequently, the judge sentenced Philips to 14 years imprisonment on count one and seven years on count two, without the option of a fine.

The sentences are to be served concurrently.

The judge also ordered the second defendant, Oceanview Oil and Gas Limited, to pay a fine of N500,000 (Five Hundred Thousand Naira) in respect of count one and another N250,000 (Two Hundred and Fifty Thousand Naira) in respect of count two within 30 days or be wound up.

The court further ordered the convicts to make restitution in the sum of $90,202.00 or the prevailing Naira equivalent to the nominal complainants.

Phillips’ journey to the Correctional Centre began when he collected the sum of N43,502,000 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited, with a false promise of selling its dollar equivalent ($98,870.00) to them. He neither returned the naira nor the dollar equivalent to the petitioners.

Continue Reading

National

Obasanjo was not an idealleader to emulate—Presidency

The Presidency has dismissed former President Olusegun Obasanjo’s recent critique of Nigerian leadership, labelling him as an inappropriate figure to lecture on governance and morality.

Bayo Onanuga, Special Adviser to President Bola Ahmed Tinubu on Information and Strategy, released a statement on Saturday, describing Obasanjo’s track record as riddled with missteps that undermine his credibility as a model leader.

Responding to Obasanjo’s remarks at the Chinua Achebe Leadership Forum at Yale University, where the former president described Nigeria as a failing state and criticized the administrations of Muhammadu Buhari and Bola Tinubu, Onanuga accused him of hypocrisy.

“Chief Obasanjo’s tenure was marred by brazen constitutional violations, poor economic decisions, and scandals,” Onanuga stated.

He highlighted controversies including the 2004 abduction of Anambra Governor Chris Ngige, unconstitutional impeachments of governors, and the infamous third-term agenda.

“A leader under whose watch these infractions occurred lacks the moral standing to critique others,” Onanuga added.

Onanuga challenged Obasanjo’s claim of economic prowess, citing missed opportunities during his administration.

“He boasted of paying off Nigeria’s debt but left critical infrastructure like roads and power in deplorable condition. His $16 billion investment in the power sector yielded no improvement, and his privatization program undervalued state assets, benefiting cronies rather than Nigerians.”

He further accused Obasanjo of ignoring Nigeria’s vast gas reserves in favour of oil, a misstep Obasanjo himself recently acknowledged. According to Onanuga, this oversight has burdened subsequent administrations, including Buhari and Tinubu, who have had to correct course.

https://twitter.com/aonanuga1956/status/1858527407285690864

Continue Reading

National

Tinubu To Attend G20 Summit In Brazil

Tinubu approves bridge reconstruction

President Bola Tinubu will depart Abuja for Rio de Janeiro, Brazil, on Sunday to participate in the 19th G20 Leaders Summit slated for November 18 and 19.

The summit, at the instance of Brazilian President Luiz Inácio Lula da Silva, will bring together leaders from the world’s largest economies to discuss critical global issues.

Presidential spokesman, Bayo Onanuga, disclosed this in a statement on Sunday.

He said this year’s summit will focus on the theme “Building a Just World and a Sustainable Planet,” with key discussions on global poverty, hunger, energy transition, and sustainable development.

Tinubu  is expected to push for the reform of global governance institutions, an issue Nigeria has consistently championed.

“This year’s meeting, under the theme, ‘Building a Just World and a Sustainable Planet,’ will see the participants discuss the fight against hunger and poverty; reform of the Institution of global governance and; sustainable development and Energy Transition,” Onanuga said.

“Nigeria has always strongly advocated for a reform of the global governing institutions, and often presented its impressive credentials as a strong contender for a permanent seat on the United Nations Security Council.”

The President is also expected to engage in bilateral talks with other world leaders on the sidelines of the event.

These discussions will focus on advancing Nigeria’s socio-economic reforms, particularly in areas such as agriculture, energy, and infrastructure.

The President will be accompanied by a high-level delegation, including  Yusuf Tuggar, the minister of foreign affairs; Mukhtar Maiha, minister of livestock development; and Hannatu Musawa, minister of arts, tourism, culture and creativity.

Continue Reading
Advertisement

Trending