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FG, Labour Committee on Petrol Pricing Seeks 50% Reduction on Port Charges

By Onyebuchi Ezigbo
The committee of federal government and the organised labour has recommended a 50 per cent cut on all charges on imported petrol as part of measures to reduce the cost of fuel in the country.
The committee also recommended the adoption of a unified exchange rate for all players and product importers in the downstream petroleum sector.
It further proposed that the federal government should stop the current practice whereby marketers and importers are compelled to pay port charges in foreign currency, suggesting that instead, such payments should be made in Naira.
It pointed out that the existing practice of collecting port charges in Dollars has pushed markers to source foreign exchange from the parallel market for settling bills thereby resulting in high and varying costs. ....

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Gov Buni Signs 2021 Appropriation, Bills Into Law

Gov Buni Signs 2021 Appropriation, Bills Into Law
By Sadiq Abubakar, The Nigerian Voice, Damaturu
Yobe State Governor Mai Mala Buni on Wednesday signed into law the 2021 Appropriation and Finance Bills.
The occasion was performed at the Bouquet Hall, Government House, Damaturu, the state capital.
In his address, Governor Buni said: “You will recall that l presented the 2021 proposed Budget Estimates to the Honourable House of Assembly on 12th November 2020 for deliberation and passage into law in conformity with section 121 (1) (2) of the 1999 Constitution of the Federal Republic of Nigeria as amended,,
According to him, the budget was christened “BUDGET OF RECOVERY, CONSOLIDATION AND ECONOMIC REJUVENATION” explaining that the budget centered on completion of all ongoing projects across the state for the benefit of the people and for government to have value for its money. ....

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