News
Nigeria Grants License for Floating LNG Facility
The Federal Government has issued UTM Offshore Limited a ‘Licence to Construct’ Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility, with a capacity of 2.8 million tonnes per annum. This project, part of the Decade of Gas Initiative, aims to enhance gas production and utilization in the country. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, emphasized its importance in achieving President Bola Tinubu’s vision to transform the gas industry.
Ekpo commended UTM’s leadership and the Nigerian Midstream and Downstream Petroleum Regulatory Authority for their roles in advancing the initiative. He assured the government’s full support, highlighting the project’s potential to boost LNG exports, create jobs, and solidify Nigeria’s position as a key energy player in Africa by 2030.
News
FG Extends NYSC Orientation Camp From 3 to 6 Weeks
The Federal Government has announced an extension of the NYSC programme. It can be noted that the NYSC camp orientation is usually for three weeks before the youths go out to gain experience, employment, and serve the country for one year.
However, the FG announced that the passing-out parade from camp will be cancelled, and corps members will now spend six weeks in camp instead of three weeks.
“The first two weeks speak to laying a foundation on civic responsibility. The next two weeks will look at career mapping, basic accounting literacy skills, business planning and access to finance. The final two weeks, we intend to have focused corps-stream-specific training aligned with the corps member’s designated stream based on his choice, academic background and skills profile.”
News
Is Lagos Sinking? Residents Raise Concerns as Flooding Worsens
With the rainy season in Nigeria, many are wondering if the increase in flooding has now become the new normal. Lots of videos, clips, and complaints have literally flooded online, showing how badly roads, homes, and other places have been affected.
We were used to hearing about the rise of water on the Island since it is literally surrounded by water, but now floods are being spotted on the Mainland as well.
We may not know exactly why this is happening, but one thing is certain—we urgently need a lasting solution.
News
Federal Government Clarifies Position on Proposed Tax Recommendations
The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.
The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.
“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”
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