**** BUHARI Fumes on Irrelevant Ministerial Appointments ***The President-elect, Muhammadu Buhari, is said to be considering the reduction of the number of ministers as part of his strategies for reducing cost of governance. The PUNCH learnt that this formed part of the cost-saving proposals which Buhari presented during the All Progressives Congress’s National Working Committee meeting in Abuja on Wednesday.Those to be done away with are ministers of state.
President Goodluck Jonathan has refused to give assent to some sections of the Nigerian Constitution amended by the National Assembly. Federal and State lawmakers had approved some sections in the constitution for amendment and sent it to the president for assent. But President Jonathan vetoed some of the sections and returned it to the National Assembly. The members of the National Assembly had not foreseen a situation where President Jonathan would refuse to assent to some sections of the constitution they had amended.
Lagos State is set to join the league of oil producing states in the country come next year as the joint venture partners on the Aje Field offshore Lagos have taken the final investment decision on the exploration of the field. A group led by Yinka Folawiyo Petroleum Company Limited took the FID to develop the first phase of the Aje shallow water oil field for $220m. The aim of the first phase is to produce 10,000 barrels per day of oil from two target wells in the Oil Mining Lease 113 area. A re-entry of Aje-4 will form the first producer, while drilling of Aje-5
#EdesonEconomyNews ****CBN toughens Debit Card Usage Abroad ***The Central Bank of Nigeria (CBN) has cut the annual overseas spending by Nigerians using any Nigerian banks debit card from $150,000 to $50,000. It has also brought down the daily usage card limit to $300. According to the CBN, the move is being taken to reduce the pressure on the Naira. In a circular signed and issued yesterday April 14th by the director, Trade and Exchange Department, Olakanmi Gbadamosi, the CBN said
**** The ABACHAS Eye APC ***The daughter of late Nigerian dictator, Sani Abacha has expressed interest in joining the All Progressives Congress (APC). Gumsu Abacha voiced the sentiment on Tuesday, April 14, 2014 via her Facebook page.“I am so tempted to join the APC,” she wrote to the dismay of some of her followers and the pleasure of others. The APC has witnessed an influx of new members since its presidential candidate,Muhammadu Buhari won the March 28 elections
**** Governor Okorocha Kicks as INEC Extends Election *** There was mild drama Wednesday as the Resident Electoral Commissioner for Imo State, Dr. Gabriel Ada failed to give the accurate number of registered voters and the number of Permanent Voter Cards (PVC) collected in the areas where the Commission will conduct supplementary governorship fixed for April 25. INEC had while declaring the governorship election inconclusive, given the figure of registered voters in the affected areas as 144715, which was higher than the margin with which the All Progressives Congress
#EdesonPoliticalUpdates **** Governor Ajimobi Takes Immediate Action *** (PHOTO). We just gathered that Governor, Abiola Ajimobi has replaced the transformer previously donated and then removed by PDP’s Governorship candidate in Oyo State Teslim Folarin after losing in the ward and in Oyo State as a whole earlier this week, The community complained to the governor and he replaced
