News
Fuel Crisis: BAVCCA Demands Answers from Tinubu’s Economic Team, Questions NNPCL’s $6 Billion Debt
The Bloggers and Vloggers, Content Creators Association of Nigeria (BAVCCA) has said it is shocking that Nigeria, a major crude oil-producing nation, finds itself in significant debt, particularly with the Nigerian National Petroleum Company Limited (NNPCL) reportedly owing over $6 billion to global suppliers.
BAVCCA in a press conference in Abuja … said it is alarmed by the continuous rise in fuel prices and the worsening economic situation across the country, noting that this current crisis is a direct result of the failure of those entrusted with managing Nigeria’s economy.
The group noted that there must be a clear and transparent explanation of how Nigeria’s oil revenues have been managed, adding that the current state of affairs suggests that funds have been misused or misallocated, and those responsible must be held accountable.
“While we commend President Bola Ahmed Tinubu for his genuine and consistent efforts to lead Nigeria to greatness, it is evident that his economic handlers are failing to support his vision.
The inability to effectively manage the country’s resources and finances is crippling the economy and placing an unbearable burden on Nigerians,” the statement noted.
The group noted those responsible for the reckless mismanagement of Nigeria’s resources and economy should be held accountable.
“We demand that those who have mismanaged NNPCL’s finances and plunged the nation into debt be thoroughly investigated and penalized for their actions.
“In addition, the policy of floating the Naira, which was expected to stabilize the currency and bring economic relief, has instead caused further depreciation of the Naira, leading to inflation and skyrocketing costs for essential goods and services.
The growing disparity between the official exchange rate and the black market is a testament to the poor management of the economy by the President’s economic team.
“The President must reconsider the composition of his economic management team. Nigeria needs capable, forward-thinking professionals who can implement sound policies to stabilize the Naira, reduce inflation, and restore public confidence in the economy
News
FRSC Corps Marshal Beseeches Traditional Rulers To Support Campaign Against Road Traffic Crashes
Joel Ajayi
In his efforts to enhance road safety across all roads in Nigeria, the Corps Marshal, Federal Road Safety Corps, Shehu Mohammed has emphasised the importance of collaboration with various stakeholders, especially traditional institutions.
He made the emphasis in the course of his end of the year traffic monitoring on the nation’s highways when he visited His Imperial Majesty Oba (Dr) Ajibade Gbadegesin Ogunoye III, the Olowo of Owo and Paramount Ruler of Owo Kingdom in Ondo State today 22 December, 2024.
The monitoring commenced from Abuja _Lokoja expressway through Obajana to Owo, Ondo State to ascertain the traffic situation on critical corridors. He solicited the support of the traditional ruler due to the strategic positioning of Owo town being a critical corridor that links South West to South South and North Central geopolitical zones of the country.
He believes that the influence and authority of traditional leaders within their communities are instrumental in promoting road safety awareness and encouraging compliance with traffic regulations.
By engaging traditional institutions, FRSC aims to leverage the respect and trust traditional leaders command to disseminate information about safe road practices, the dangers of speeding, and the necessity of vehicle maintenance.
This strategic partnership is part of a broader initiative by the FRSC to reduce road traffic crashes and fatalities. By involving traditional rulers, the Corps seeks to create a more inclusive approach to road safety, recognizing that community-driven efforts can significantly complement governmental policies and enforcement measures.
In addition to collaborating with traditional leaders, Corps Marshal Shehu Mohammed also called for the active participation of commuters and transport unions in preventing road crashes. He emphasised that passengers should speak out against reckless driving and that transport unions must lead by example in preventing overloading and alcohol/drug-impaired driving.
FRSC will continue to engage in public enlightenment campaigns, conduct research on road safety, and implement measures aimed at creating a safer motoring environment in Nigeria. The collaboration with traditional rulers is a testament to the Corps’ commitment to involving all segments of society in the quest for safer roads.
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