RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Politics

Insecurity Responsible For Shift in NGF Meeting

Rate Captain by Rate Captain
August 19, 2021
in Politics
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

 

AlsoRead

Nigeria’s Projected N20.12 Trillion 2026 Deficit Risks Crowding Out Private Sector Credit 

Finance Ministry Denies Collapse of $5 Billion Oil-Backed Loan Deal

Nigerian Students Face Visa Freeze as U.S. Tightens Grip on Social Media Vetting

 

THE need for governors to deal with security concerns in their various states was largely responsible for the postponement of a scheduled zoom meeting of the Nigeria Governors Forum meeting .

Governors of the 36 States of the federation were to meet via zoom to discuss the ongoing nationwide strike by Resident Doctors as well as strategies for reducing poverty among Nigerians.

Notices for the meeting had been sent out late on Tuesday but later withdrawn.

In a terse statement, the Head, Media and Public Affairs of the NGF, Abdulrazaque Bello-Barkindo said, “The pro-poor meeting slated for Wednesday, has been cancelled due to critical national issues beyond NGF which have just come up, we regret to announce that a new date for this meeting will be announced in due course.”

However, a source privy to the development said, “ Some of the governors had domestic security issues to deal with.

“The governors of Sokoto, Katsina and Plateau especially had emergency security meetings scheduled because of happenings in their states all these were considered.”

In another development, governors have started consultations among themselves about how best to address their concerns over the Petroleum Industry Act recently signed by the President, Major General Muhammadu Buhari (retd.).

 

Governors across party and regional lines had agreed to take up the grey areas in the bill with the Presidency and the National Assembly.

This, it was learnt, led to various consultative meetings by the Nigeria Governors Forum with the National Assembly and the Office of the Vice President, Yemi Osinbajo, who is the head of the National Economic Council before the NGF wrote a letter to the President itemizing areas of conflict.

A governor who pleaded anonymity out of respect for his other colleagues said, “We were working on a political solution to these concerns especially on the issue of ownership structure of the Nigeria National Petroleum Corporation, which affects all of us because the law as it favours the Federal Government.

“We had hoped that the President would take our concerns into consideration before signing the bill into an Act yesterday. We will certainly consult among ourselves and our lawyers to look at the possibility of going to seek judicial redress.”

Recall, the NGF had in a letter to the President dated August 10, raised six concerns namely: The fact that the Act unduly favours the Federal Government, States were excluded from the ownership structure of the NNPC, the 30 percent Frontier Exploration Fund will deplete accruals to the Federation Account and barring transfer of payments into the Federation Account which they noted is unconstitutional.

However, governors elected on the platform of the All Progressives Congress have hailed the signing of the PIA by President Buhari.

This was contained in a statement titled, “Petroleum Industry Act: Democratically Changing Nigeria,” signed by the Chairman of the Forum, Governor Abubakar Bagudu, which was issued in Abuja, on Wednesday.

Previous Post

Buhari ratifies international coffee agreement, 2007

Next Post

U.S Dollar Gravity Crushes Crypto Market As Over 75,500 Investors Lose Money

Related News

FG’s First-Half Budget Performance Falls Short: Economic Consequence

Nigeria’s Projected N20.12 Trillion 2026 Deficit Risks Crowding Out Private Sector Credit 

by Jide Omodele
January 29, 2026
0

Financial experts have raised serious concerns that Nigeria’s planned N20.12 trillion budget deficit for 2026 could severely limit credit availability...

Crude Oil Prices Soar as Global Supply Shortage Intensifies.

Finance Ministry Denies Collapse of $5 Billion Oil-Backed Loan Deal

by Akpan Edidong
June 12, 2025
0

The Federal Ministry of Finance has dismissed reports claiming the collapse of a proposed $5 billion crude oil-backed loan involving...

“U.S. National Debt Rises By $1 Trillion Every 100 Days

Nigerian Students Face Visa Freeze as U.S. Tightens Grip on Social Media Vetting

by Jide Omodele
May 27, 2025
0

For thousands of Nigerian students dreaming of studying in the United States, the path just got rockier. On Tuesday, Secretary...

World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

Nigeria Faces Tax Hikes on Alcohol, Tobacco, and Sugary Drinks to Unlock $750M World Bank Loan

by Rate Captain
May 27, 2025
0

As Nigeria grapples with economic challenges, the World Bank has tied the release of a $750 million loan to a...

Next Post

U.S Dollar Gravity Crushes Crypto Market As Over 75,500 Investors Lose Money

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

February 17, 2026

Nigeria’s Headline Inflation Eases Marginally to 15.10% in January 2026, Driven by Sharp Food Price Declines

February 17, 2026

Popular Story

  • Naira Surges Against US Dollar, Falls Below N1,000 Mark

    CBN Opens Official FX Window to BDCs with $150,000 Weekly Limit  

    0 shares
    Share 0 Tweet 0
  • NGX All-Share Index Surges 6.16% to Record 182,313.08 Points, Market Cap Hits N117.03 Trillion

    0 shares
    Share 0 Tweet 0
  • Brent Crude Holds Above Nigeria’s 2026 Budget Benchmark at $67.78

    0 shares
    Share 0 Tweet 0
  • Telecom Sector Sees Dramatic FDI Surge to $208.51 Million in Q3 2025

    0 shares
    Share 0 Tweet 0
  • Gold Rebounds Above $5,000 as Dollar Weakens and Geopolitical Risks Linger

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>