TUMITE NEWS
JUST IN: Oyo PDP Youth Leader And Publicity Secretary, Hon Michael Ogunsina, Wife Welcome First Child:
The Oyo State PDP Youth Leader and the acting Publicity Secretary of the party , Hon Michael Ogunsina and his adorable wife, Mrs Ogunsina on Friday morning welcomed their first child.
The wife was delivered of a handsome, bouncing baby son at an undisclosed hospital.
Cheers to your new age ma, you are an epitome of beauty, you are our source of inspiration, you the background of my success, you stood firm and support my career
.JPG)
on behalf of Tumite News and Infinity Concepts celebrates our woman of honour Chief Mrs Damilola Ogunlola for celebrating her royal birthday today.
Our wishes for you is great places, may the Lord bless you and elevate you high in all ramifications.
Happy birthday to you ma age with unlimited grace
What else can I say about you 😏?
What kind of Melody can I sing for you?
Who else can say more about the "Media Guru" of our time?
What more of you have not been mentioned that I need to?
The Man called Egalitarian voice, he is from the local, indigenous environment.
The Man called Segun Akinlabi is an unbiased comrade whose school of thought is not at sea.
The Man called Egalitarian is an ordained sand, from the dust of the immortal.
His name is Segun Akinlabi, a great journalist, a strong pen pusher, articulate wordsmith, philanthropist and convincing voice to the voiceless. He is great ambassador, freedom fighter, mover and shaker where pertinent.
As the Founder, Chief Executive Officer at Egalitarian Voice media Enterprises, he lifts, encourage and foster cordial, stringent relationships among youth, individuals, associations etc. He does not discriminate in any forms or ways.
As a journalist, he loves putting his report straight without fear of any intimidation, oppression, an accurate reporting ethics he possessed, speaking good tidings from the abundance of his soft heart. You can hardly find him lazy, idle, always searching for knowledge and keeps learning where and when necessary.
Trust me, he is jovial, cool minded, calm and sometimes brutal. If triggered to the top of annoyance, he uses the antidote to control and not allow it take over his emotions and actions.
He is such a darling brother, a distinctive friend, distinguished fellow compatriot, a unifier, a speedy coolant, the lubricant of our time, an Indefatigable mind blowing instrument, authentic and undivided like mind.
As much I know that he is not a biased mind, he loves the good Governance, good politics of a refined politically inclined soul like that of His Excellency, The Executive Governor of Oyo State Engr. Dsc GSSRS KJW Abiodun Seyi Makinde FNSE.
Here, I present to you the Birthday Boy, Happy New Year, God bless your new Age with new wine AMEN 🔥 shalom. This new chapter shall usher in more success, joy, breakingforth and neck breaking testimonies Amen.
Courtesy: Egalitarian Dig. Com. Moyosoreoluwa Olamilekan Eldreez ( MOE ) codenamed IJOBA AUTHORITY MOE DYNASTY WORLD-WIDE Writes from Ibadan North East Local Government world, Home of Generals...
This was as the governor reappointed Bishop David Moradeyo as the chairman of the Oyo State Pilgrims Welfare Board (Christian Wing), while Sheikh Hashim Olamide Wahab Atere has been appointed as the chairman of the Muslim Wing of the Board.
Other appointments approved by the governor are as follows;
Rev. Femi Ibikunle- Special Assistant (Inter-Faith Affairs)
Mr. Timothy Olufemi Sunday- Executive Assistant (Disabilities Matters)
Alhaji AbdulRasheed Adewale- Special Assistant (Islamic Affairs)
Mr. Lanre Dairo – Special Assistant (Housing & Urban Development)
Rt. Hon. Olaniyan Babatunde David- Executive Chairman, Shooting Stars
Mr. Ayoola Olowosoke- Chairman, Agency for Adult and Non-formal Education (AANFE)
Sheikh Akeugberu Taofeeq Akewugbagold- Chairman, Agric Credit Corporation
Engr. Ojekunle Ezekiel- Chairman, Rural Electrification Board
Mrs Adedotun Bolanle Olaitan – Chairperson, Broadcasting Service of Oyo State (BCOS)
Mr Tolu Kuku- Senior Special Assistant (Domestic)
All the appointments, according to a letter by the Chief of Staff to Oyo State Governor, Otunba Segun Ogunwuyi, are with immediate effect.
While congratulating the appointees, the governor charged them to see their appointments as a call to greater service and to discharge their duties with optimum dedication to the state.
Petroleum marketers have revealed that petrol prices would reduce if Nigeria begins to refine the product locally
Mike Osatuyi, IPMAN National Controller of Operations, said local refining would reduce the burden of imports on Nigeria
The development comes amid reports that petrol produced in Nigeria’s refineries will fall off-spec in two years
.jpg)
Oil marketers say that immediately after local refining of petroleum products is fully operational, the cost of petrol will go down by at least N70 per litre.
Mike Osatuyi, the National Controller of Operations for the Independent Petroleum Marketers Association of Nigeria (IPMAN), said this when recently discussing the benefits of the Nigerian government’s investment in functional refineries.
Contracts for refinery production awarded
Osatuyi told journalists that despite contracts for refurbishing the refineries being awarded, it be a good development for the repairs to be finalized soon to reduce the stress and substantial burden of imports on the country.
Osatuyi said:
“The contract was already awarded before the new government came into office. IPMAN doesn’t know the context of the agreement, but if the refineries are working, it will cut freight and ship-to-ship transfer costs.
“Not less than N60/N70 per litre will be off if the refineries start working.”
Reports say Osatuyi revealed the benefits to include operational refineries as a reduction in insurance costs, product delivery time, and increase in employment.
“Cost of insurance would reduce, and then if we keep importing, it takes about 30 days for ships to arrive in Nigeria, and we would have to pay for hiring the vessel.
“But if we refine in the country, products would arrive within one day. There will also be more jobs for the masses. It’s a lot of benefits,” he said.
.jpg)
.png)
Meanwhile, the Nigerian National Petroleum Company Limited (NNPC) is spending almost $3 billion to refurbish Nigeria’s three refineries. Still, reports say the petrol produced from the refineries will fall below standard in Africa by 2025.
Experts say the development could threaten the health of Nigerians and their vehicles as the world pivots to fuels with lower sulphur.
They say the three refineries use sulphur for petrol production.
The quality of refined petrol improved over the years from 300 per million (PPM) of sulphur to 150 ppm, the standard rule drafted by the Standards Organisation of Nigeria (SON) in July 2017.
Tumite News reported that President Bola Tinubu has promised that the Port Harcourt refinery will begin operations by December 2023.
BusinessDay reports that NNPC cannot meet the standard because, as of 2019, the refineries produced PMS with sulphur content ranging from 100 ppm to 300 ppm and diesel with sulphur content ranging from 800 ppm to 1,500 ppm.
Tumite News reported that President Bola Tinubu has promised that the Port Harcourt refinery will begin operations by December 2023.
Tinubu disclosed this through a statement issued by Dele Alake, the special adviser to the president on special duties, communications, and strategy, on Wednesday, August 2, 2023.
The statement noted that the president gave the assurance when he spoke at a meeting with the leadership of the Nigeria Labour Congress (NLC) led by Joe Ajaero, its president, and that of the Trade Union Congress, Festus Usifo.
Tinubu promised that production would begin after the ongoing rehabilitation contract between Nigerian National Petroleum Company (NNPC) Limited and Maire Tecnimont SpA was completed.
The Honourable Commissioner for Culture and Tourism, Dr Wasiu Olatunbosun, has hit the ground running in his bid to set the tone for harnessing tourism and culture in Oyo State under Omituntun 2.0.
Dr Olatubosun met Egungun Worshipers (Alagbaas) in the State with a view to setting aside a day for a unified annual Egungun Carnival as tourism becomes a focal point of Governor Seyi Makinde’s Omituntun 2.0 Agenda. According to Dr Olatubosun, the grand Egungun Carnival will herald the commencement of various Egungun Festivals across Oyo State.
Olatunbosun explained that a unified date for this cultural festival would further promote our culture and boost the tourism potentials of the State by bringing tourists from all over the world to come and witness the festival. The display by the various Egungun Worshipers would serve to make the celebrations more attractive to the tourists. In his words, “Oyo State being a Pacesetter State, would be hitting the ground running on this dignified cultural propagation and promotion, thus writing history for others to follow.”
The ‘Alagbaas ‘who represented all the zones of the State in their response, unanimously agreed to the concept and promised to work in synergy with the Ministry to make the concept a success. They also promised to rally their members to give unwavering support towards achieving the desirable outcome.
The Egungun Festival is celebrated annually between June and July in Oyo State to pray for peace in the land and entertain the people in a peaceful and relaxed manner.
TEXT OF THE NATIONAL BROADCAST BY PRESIDENT BOLA TINUBU TO NIGERIANS ON CURRENT ECONOMIC CHALLENGES.
AFTER DARKNESS COMES THE GLORIOUS DAWN
My fellow citizens,
I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced.
2. I am not going to talk in difficult terms by dwelling on economic jargon and concepts. I will speak in plain, clear language so that you know where I stand. More importantly, so that you see and hopefully will share my vision regarding the journey to a better, more productive economy for our beloved country.
3. For several years, I have consistently maintained the position that the fuel subsidy had to go. This once beneficial measure had outlived its usefulness. The subsidy cost us trillions of Naira yearly. Such a vast sum of money would have been better spent on public transportation, healthcare, schools, housing and even national security. Instead, it was being funneled into the deep pockets and lavish bank accounts of a select group of individuals.
4. This group had amassed so much wealth and power that they became a serious threat to the fairness of our economy and the integrity of our democratic governance. To be blunt, Nigeria could never become the society it was intended to be as long as such small, powerful yet unelected groups hold enormous influence over our political economy and the institutions that govern it.
5. The whims of the few should never hold dominant sway over the hopes and aspirations of the many. If we are to be a democracy, the people and not the power of money must be sovereign.
6. The preceding administration saw this looming danger as well. Indeed, it made no provision in the 2023 Appropriations for subsidy after June this year. Removal of this once helpful device that had transformed into a millstone around the country’s neck had become inevitable.
7. Also, the multiple exchange rate system that had been established became nothing but a highway of currency speculation. It diverted money that should have been used to create jobs, build factories and businesses for millions of people. Our national wealth was doled on favourable terms to a handful of people who have been made filthy rich simply by moving money from one hand to another. This too was extremely unfair.
8. It also compounded the threat that the illicit and mass accumulation of money posed to the future of our democratic system and its economy.
Related News
Subsidy: We’ll get out of this turbulence – Tinubu assures Nigerians
I came to help not hurt Nigerians – Tinubu
Virgil van Dijk, Trent named as Liverpool captain, assistant
9. I had promised to reform the economy for the long-term good by fighting the major imbalances that had plagued our economy. Ending the subsidy and the preferential exchange rate system were key to this fight. This fight is to define the fate and future of our nation. Much is in the balance.
10. Thus, the defects in our economy immensely profited a tiny elite, the elite of the elite you might call them. As we moved to fight the flaws in the economy, the people who grow rich from them, predictably, will fight back through every means necessary.
.png)
%20-%20Made%20with%20PosterMyWall%20(1).jpg)
11. Our economy is going through a tough patch and you are being hurt by it. The cost of fuel has gone up. Food and other prices have followed it. Households and businesses struggle. Things seem anxious and uncertain. I understand the hardship you face. I wish there were other ways. But there is not. If there were, I would have taken that route as I came here to help not hurt the people and nation that I love.
12. What I can offer in the immediate is to reduce the burden our current economic situation has imposed on all of us, most especially on businesses, the working class and the most vulnerable among us.
13. Already, the Federal Government is working closely with states and local governments to implement interventions that will cushion the pains of our people across socio-economic brackets.
14. Earlier this month, I signed four (4) Executive Orders in keeping with my electoral promise to address unfriendly fiscal policies and multiple taxes that are stifling the business environment. These Executive Orders on suspension and deferred commencement of some taxes will provide the necessary buffers and headroom to businesses in the manufacturing sector to continue to thrive and expand.
15. To strengthen the manufacturing sector, increase its capacity to expand and create good paying jobs, we are going to spend N75 billion between July 2023 and March 2024. Our objective is to fund 75 enterprises with great potential to kick-start a sustainable economic growth, accelerate structural transformation and improve productivity. Each of the 75 manufacturing enterprises will be able to access N1 Billion credit at 9% per annum with maximum of 60 months repayment for long term loans and 12 months for working capital.
16. Our administration recognises the importance of micro, small and medium-sized enterprises and the informal sector as drivers of growth. We are going to energise this very important sector with N125 billion.
17. Out of the sum, we will spend N50 billion on Conditional Grant to 1 million nano businesses between now and March 2024. Our target is to give N50,000 each to 1,300 nano business owners in each of the 774 local governments across the country.
18. Ultimately, this programme will further drive financial inclusion by onboarding beneficiaries into the formal banking system. In like manner, we will fund 100,000 MSMEs and start-ups with N75 billion. Under this scheme, each enterprise promoter will be able to get between N500,000 to N1million at 9% interest per annum and a repayment period of 36 months.
19. To further ensure that prices of food items remain affordable, we have had a multi-stakeholder engagement with various farmers’ associations and operators within the agricultural value chain.
20. In the short and immediate terms, we will ensure staple foods are available and affordable. To this end, I have ordered the release of 200,000 Metric Tonnes of grains from strategic reserves to households across the 36 states and FCT to moderate prices. We are also providing 225,000 metric tonnes of fertilizer, seedlings and other inputs to farmers who are committed to our food security agenda.
21. Our plan to support cultivation of 500,000 hectares of farmland and all-year-round farming practice remains on course. To be specific, N200 billion out of the N500 billion approved by the National Assembly will be disbursed as follows:
-Our administration will invest N50 billion each to cultivate 150,000 hectares of rice and maize.
-N50 billion each will also be earmarked to cultivate 100,000 hectares of wheat and cassava.
22. This expansive agricultural programme will be implemented targeting small-holder farmers and leveraging large-scale private sector players in the agric business with strong performance record.
23. In this regard, the expertise of Development Finance Institutions, commercial banks and microfinance banks will be tapped into to develop a viable and an appropriate transaction structure for all stakeholders.
24. Fellow Nigerians, I made a solemn pledge to work for you. How to improve your welfare and living condition is of paramount importance to me and it’s the only thing that keeps me up day and night.
25. It is in the light of this that I approved the Infrastructure Support Fund for the States. This new Infrastructure Fund will enable States to intervene and invest in critical areas and bring relief to many of the pain points as well as revamp our decaying healthcare and educational Infrastructure.
26. The fund will also bring improvements to rural access roads to ease evacuation of farm produce to markets. With the fund, our states will become more competitive and on a stronger financial footing to deliver economic prosperity to Nigerians.
27. Part of our programme is to roll out buses across the states and local governments for mass transit at a much more affordable rate. We have made provision to invest N100 billion between now and March 2024 to acquire 3000 units of 20-seater CNG-fuelled buses.
28. These buses will be shared to major transportation companies in the states, using the intensity of travel per capital. Participating transport companies will be able to access credit under this facility at 9% per annum with 60 months repayment period.
29. In the same vein, we are also working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming.
30. Once we agree on the new minimum wage and general upward review, we will make budget provision for it for immediate implementation.
31. I want to use this opportunity to salute many private employers in the Organised Private Sector who have already implemented general salary review for employees.
32. Fellow Nigerians, this period may be hard on us and there is no doubt about it that it is tough on us. But I urge you all to look beyond the present temporary pains and aim at the larger picture. All of our good and helpful plans are in the works. More importantly, I know that they will work.
33. Sadly, there was an unavoidable lag between subsidy removal and these plans coming fully online. However, we are swiftly closing the time gap. I plead with you to please have faith in our ability to deliver and in our concern for your well-being.
34. We will get out of this turbulence. And, due to the measures we have taken, Nigeria will be better equipped and able to take advantage of the future that awaits her.
35. In a little over two months, we have saved over a trillion Naira that would have been squandered on the unproductive fuel subsidy which only benefitted smugglers and fraudsters. That money will now be used more directly and more beneficially for you and your families.
36. For example, we shall fulfill our promise to make education more affordable to all and provide loans to higher education students who may need them. No Nigerian student will have to abandon his or her education because of lack of money.
37. Our commitment is to promote the greatest good for the greatest number of our people. On this principle, we shall never falter.
38. We are also monitoring the effects of the exchange rate and inflation on gasoline prices. If and when necessary, we will intervene.
39. I assure you my fellow country men and women that we are exiting the darkness to enter a new and glorious dawn.
40. Now, I must get back to work in order to make this vision come true.
41. Thank you all for listening and may God bless the Federal Republic of Nigeria.
.jpeg)
