NIGERIA NEWSPAPERS: TODAY’S THE NATION NEWSPAPER HEADLINES [16 AUGUST, 2018].

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Lawmakers consider INECs N189.2b elections budget
Thu, 16 Aug 2018

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Work has begun on the budget of the Independent National Electoral Commission (INEC) for the 2019 elections.

INEC Chairman Prof Mahmood Yakubu yesterday defended the commission’s N189.2 billion budget at separate sessions with the Senate’s and House of Representatives’ committees on INEC.

Yakubu, who gave a breakdown of the various components of the budget, told the lawmakers that preparations for the poll ought to have started by August 15 (yesterday).

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Documents submitted to the lawmakers by INEC indicated that election operational cost will cost N134.4bn; technology -N27.5bn; administrative cost -N22.6bn; and miscellaneous -N4.6bn.

The INEC chair spoke of significant increase in the variables and logistics for the 2019 elections as against the 2015 polls that cost N120 billion.

According to him, the commission will be conducting elections with about 91 political parties on the ballot. There are over 82 million registered voters.

The voter population in 2015 was about 70 million, with about 40 political parties on the ballot.

Yakubu said the figures could rise in the months ahead, as the commission still had 140 applications for party registration still pending; the voter registration has been extended by two weeks to end August 30.

INEC will conduct the presidential and National Assembly elections in February. They will be followed by governorship elections in 29 states, alongside state assembly election in the 36 states.

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MTN seals N200b deal with 12 lenders
Thu, 16 Aug 2018

Mobile giant MTN Nigeria yesterday in Lagos signed a seven-year medium term loan agreement of N200 billion with a consortium of 12 local lenders.

The deal was sealed at a brief ceremony at the law office of Alike & Purpose in Ikoyi, Lagos.

The facility will allow the carrier, the largest in the country, to fund its capital expenditure on network expansion, along with evolving business opportunities.

MTN Nigeria Chairman Pascal Dozie said the telco has operated in the country for about two decades, adding that the experience has been great with various innovations from the company.

Represented by Mr. Gbenga Oyebode, the MTN chair said the telco wouldn’t have been what it is today were it not for the support of the banks.

MTN Chief Executive Officer Ferdi Moolman was delighted by the deal, saying it signposts the company’s commitment to and confidence in the economy. Moolman said the strategic collaboration between MTN Nigeria and local lenders would deepen and broaden the provision of ICT infrastructure services across the country.

He said: “The signing of this loan facility is a major landmark in our expansion programme in which we are making significant investments. The facility will enable us evolve the network to deliver convergent and superior quality, drive voice capacity expansion and data service penetration, maintain optimal capital structure and funding level that support growth and expansion.

“Making it possible for people to connect to each other and world, find and share information and ideas, create and access new digital services and reimagine old services. This partnership puts in place infrastructure that empowers commerce, industry and provision of public services.”

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Saraki: Im considering running for president
Thu, 16 Aug 2018

Senate President Bukola Saraki is interested in running for President, a report said yesterday.

He also revealed the deal he struck with the Peoples Democratic Party (PDP) prior to his defection from the All Progressives Congess (APC), according to Bloomberg.

He told the news agency: “I am consulting and actively considering it. I believe I can make the change,” he said.

The Senate president said: ”If a government can go and lock up an arm of government — and it’s never happened in our history — we should all be very concerned, we should not be surprised that they would use security agencies for elections.”

To win the PDP ticket at the party’s primary on Oct. 5 and 6, Saraki would need to beat other presidential aspirants, including former Vice President Atiku Abubakar, former Jigawa State Governor Sule Lamido, former Kaduna State Governor Ahmed Makarfi, former Minister Tanimu Turaki, Gombe State Governor Ibrahim Dankwabo and Sokoto State Governor Aminu Tambuwal.

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Ayefele in battle to save his Music House building from demolition
Thu, 16 Aug 2018
Popular musician Yinka Ayefele yesterday began the battle to save his Music House on a plot of land on Lagos-Ibadan bye-pass in Challenge area of Ibadan, the Oyo State capital, from demolition.The government issued a notice for the demolition of the building, saying the property owner had allegedly ignored its requests for the owner to obey its notice.The three-day notice lapsed yesterday.The building houses Ayefeles Fresh FM, which is among the top private radio stations in the state.The Direct
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NIMASA: floating dockyard to save N36b
Thu, 16 Aug 2018
The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuk Peterside, has said the agencys floating dockyard will save the country N36 billion annually.He added that the agency has embarked on several initiatives that will make the Agency the leading Maritime Administration in Africa, it was learnt yesterday.Peterside spoke with reporters in Lagos yesterday. The NIMASA helmsman said he was determined to advance the nations global maritime goals and promote its ra
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PDP senators keeping vigil at National Assembly over Saraki
Thu, 16 Aug 2018
Peoples Democratic Party (PDP) senators are taking turns to sleep over at the National Assembly Complex to prevent a noctunal removal of Senate President Bukola Saraki by their All Progressives Congress (APC) colleagues, a senator said yesterday.Senator Philip Gyunka (PDP Nasarawa North) spoke in Lafia, the state capital, yesterday when he presented his letter of intent to contest for Nasarawa State governor, to the leadership of the PDP in the state..He said: I woke up this morning from my nigh
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Buhari fully committed to use of PVCs, card readers, says Presidency
Thu, 16 Aug 2018
The Presidency yesterday said President Muhammadu Buhari is fully committed to the use of Permanent Voters Card (PVCs) and card readers for the 2019 general elections.A statement by Senior Special Assistant on Media and publicity, Garba Shehu reads: Our attention has been drawn to incorrect and misleading reporting in newspapers regarding the status of the Electoral Act (Amendment) Bill, 2018.The Presidency would like to set out the true status of the Bill. The Electoral Act (Amendment) Bill, 20
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I am under pressure to run for president, says Tambuwal
Thu, 16 Aug 2018
Sokoto State Governor Aminu Tambuwal yesterday said he is under pressure to run for President..Tambuwal, who defected from the All Progressives Congress (APC), told associations of students, youths and resident communities on a visit to his office:I have been receiving advices and encouragement from our leaders, peoples across the country and even from abroad to contest for presidency and this pressure has been mounting.He added It Is not my making but the quantum of pressure from everywhere is
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Lagos partners MultiChoice for 2018 AMVCAs
Thu, 16 Aug 2018
The Lagos State Ministry of Tourism, Arts and Culture has gone into partnersgip with MultiChoice on the sixth edition of the Africa Magic Viewers Choice Awards (AMVCAs).The ceremony, which is the biggest celebration of film and television talent in front and behind the cameras, will hold on September 1 in Lagos.MultiChoice Nigeria Managing Director John Ugbe said the company is delighted with the arrangementHe said: We are pleased to once again have the state government play host and partner wit
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Serial governorship candidates warming up for 2019
Thu, 16 Aug 2018
Since the return to civil rule in 1999, governorship elections in some states have persistently featured some personalities who have been unrelenting in their bid to govern their states. Deputy Political Editor RAYMOND MORDI profiles some of these perennial candidates. OgboruPerennial Delta State governorship candidate Chief Great Ogboru is warming up to challenge Governor Ifeanyi Okowa in next years general elections. But, his ambition has already divided the state chapter of the All Progressiv
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Defections will not affect Buharis second term bid
Thu, 16 Aug 2018
Abdulmumin Jibrin is a member of the House of Representatives representing Kiru/Bebeji Constituency, Kano State. The lawmaker has suffered some legislatives bruises. He was suspended for 180 days by the House for criticising alleged budget padding and sundry expenses. Abdulmumin spoke to reporters in Abuja, the Federal Capital Territory (FCT), on the gale of defections, President Muhammadu Buharis second term bid and other partisan issues. Abuja Deputy Bureau Chief Onyedi Ojiabor was there. The
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UBA, Brymo, students honored at Nigerian Universities Merit Awards
Thu, 16 Aug 2018
The United Bank for Africa, Brymo and over thirty students have emerged winners of the 2018 Nigerian Universities Merit Award.The second edition of the award was held on August 11 in Ile Ife, Osun State with many dignitaries in attendance.The winners of the various categories are as follows:1) Dele Momodu Best Writer in Nigerian UniversitiesImran Abdullahi (Bayero University Kano )2) Most Active Departmental /Faculty Association (Faculty of LAW, OAU)3)Most Infleuntial Nigerian University Student
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Nigeria inflation dips 18th time to 11.14%
Thu, 16 Aug 2018
Nigerian inflation declined for the 18th consecutive time 11.23 per cent in June to 11.14 per cent in July, 1.28 per cent points below Federal Governments projection.The Federal Government had in its 2018-2020 Medium Expenditure Framework and Fiscal Strategy projected inflation of 12.42 per cent for the period.In its latest report released yesterday in Abuja, the National Bureau of Statistics (NBS) indicated that the Consumer Price Index (CPI) which measures inflation declined by 0.09 per cent i
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Refining wax for import substitution coming
Thu, 16 Aug 2018
The Executive Secretary, Petroleum Technology Development Fund (PTDF), Dr. Bello Aliyu Gusau, yesterday said a researcher funded by the Fund has discovered a petroleum refining wax for import substitution.He spoke at the 2017/18 PTDF Annual Oil and Gas Research Grant Competition Close Out Seminar in Abuja.The PTDF chief said the materials used for the wax refining catalyst are 100 per cent locally Nigerian contents. He had earlier recalled that the management of the fund was in Kaduna a few mont
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Firms invest N5tr in meter manufacturing
Thu, 16 Aug 2018
PRIVATE firms have invested $16 billion (about N5 trillion) in meter manufacturing, Acting President Yemi Osinbajo has said.Hailing the investors for the gesture, he said the investments would trigger economic growth.He spoke at the inauguration of the Meter Box and other Plastics Factory of Mojec International Limited.The government, he said, was doing everything possible to improve the ease of doing business.Osinbajo said the nation has huge metering deficit. According to him, one of the ways
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DMO auctions N100b of 5-, 7-, 10-year bonds
Thu, 16 Aug 2018
The Debt Management Office (DMO) yesterday auctioned N100.9 billion ($327.8 million) of five-, seven- and 10-year bonds, it said in a statement.The bonds were sold at 14.39 per cent, 14.60 per cent and 16.49 per cent, respectively, the office said.The money from the auction will go towards financing Nigerias 2018 budget, its largest ever.The Federal Government in July raised N66.9 billion at its bond auction, as part of moves to finance the 2018 budget.The DMO said on its website that the bonds
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Emefiele, Elumelu, IMF Chief, others for FMDA confab
Thu, 16 Aug 2018
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, Chairman, UBA, Heirs Holdings and Transcorp, Tony Elumelu and International Monetary Fund (IMF) Country Chief, Amine Mati are among the dignitaries who have confirmed their attendance at the 2018 Financial Markets Conference of the Financial Markets Dealers Association (FMDA).The event scheduled to hold at Eko Hotels and Suites, Lagos September 21, will focus on the theme: The Nigerian Financial Market A Catalyst for Sustainable Econo
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Board to commercialise engineering projects
Thu, 16 Aug 2018
The Nigerian Content Development and Monitoring Board (NCDMB) will partner the Council for the Regulation of Engineering in Nigeria (COREN) and the Committee of Deans of Engineering and Technology of Nigerian Universities (CODET) to develop and commercialise the best engineering projects completed by undergraduates in the 2017/2018 academic session.NCDMB Executive Secretary Simbi Kesiye Wabote made the commitment at the 27th Engineering Assembly, organised by COREN in Abuja.He spoke after the an
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SNEPCo calls for diversification roadmap
Thu, 16 Aug 2018
Shell Nigeria Exploration and ProductionCompany (SNEPCo) Managing Director Bayo Ojulari has underscored economic diversification as panacea for job creation and rapid economic growth.He spoke at the just-concluded annual conference and exhibition of the Nigeria Council of the Society of Petroleum Engineers (SPE) where Shell in Nigeria bagged the award for best exhibitor.Speaking on the conference theme: Diversification of the Nigerian Economy The Oil & Gas Industry as an Enabler, Ojulari ca
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Kachikwu to NLNG: look beyond Train 7 on expansion drive
Thu, 16 Aug 2018
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has challenged the Nigeria Liquefied Natural Gas Limited (NLNG) Board and management to expand the firms production volumes beyond what Train 7 will bring to catch up with other countries, secure a significant share in the global LNG market, and help with domestic supply of LNG in line with the companys vision to help build a better Nigeria.Kachikwu stated this when he visited the NLNG Plant on Bonny Island, Rivers State to assess the c
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Recycle to save environment from plastic pollution, NCF urges firms
Thu, 16 Aug 2018
The Nigerian Conservation Foundation (NCF) has urged companies manufacturing fast-moving consumer goods (FMCG) to save the environment from plastic pollution through recycling.NCFs Senior Consultant Officer, Environmental Education Mrs Abidemi Balogun gave the charge in an interview with the News Agency of Nigeria (NAN) in Lagos. She also appealed to multinational companies to join the campaign against plastic pollution.Mrs Balogun said the companies could attach incentives to waste collection a
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NNPC: contractors for AKK pipeline
Thu, 16 Aug 2018
THE Nigerian National Petroleum Corporation (NNPC) has said the execution of the Ajaokuta-Kaduna-Kano gas pipeline project is progressing under the original concept of 100 per cent contractor financing model.The NNPC in response to some media reports of a possible resort to proceed of gas tariffs as new means of funding because of purported collapse of negotiation with Chinese lenders, said the contractor finance arrangement is still intact, noting that the engineering, procurement and construct
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