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
Namibian APRM Delegation Visits AUDA-NEPAD Nigeria on Peer Learning Mission
Joel Ajayi
The Ambassador and Chief Executive Officer of the APRM National Secretariat, Namibia, Ambassador Lineekela Mboti, has led a delegation, including officials from the APRM Continental Secretariat, on a visit to the National Coordinator and Chief Executive Officer of AUDA-NEPAD Nigeria, Hon. Jabiru Salisu Abdullahi, in Abuja.
The visit was aimed at gaining deeper insight into the operational structure of the African Peer Review Mechanism (APRM) in Nigeria, its reporting lines, challenges, and the advantages of integrating the AUDA-NEPAD and APRM structures under a unified system.
Welcoming the delegation, Hon. Jabiru Salisu Abdullahi provided an overview of Nigeria’s implementation framework, highlighting the synergy between AUDA-NEPAD and APRM in advancing governance and development outcomes.
He commended the Namibian team’s commitment to institutional learning and assured them of AUDA-NEPAD Nigeria’s readiness to provide the necessary technical support and guidance to strengthen APRM operations in Namibia.
-
Featured6 years agoLampard Names New Chelsea Manager
-
Featured6 years agoFG To Extends Lockdown In FCT, Lagos Ogun states For 7days
-
Featured6 years agoChildren Custody: Court Adjourns Mike Ezuruonye, Wife’s Case To April 7
-
Featured6 years agoNYSC Dismisses Report Of DG’s Plan To Islamize Benue Orientation Camp
-
Featured4 years agoTransfer Saga: How Mikel Obi Refused to compensate me After I Linked Him Worth $4m Deal In Kuwait SC – Okafor
-
Sports3 years ago
TINUBU LAMBAST DELE MOMODU
-
News10 months agoZulu to Super Eagles B team, President Tinubu is happy with you
-
Featured6 years ago
Board urges FG to establish one-stop rehabilitation centres in 6 geopolitical zones
