Osinbajo Offers Scholarship to Gifted Physically
Total Page:16
File Type:pdf, Size:1020Kb
Ogun LG polls: APC opts for consensus, direct, indirect primaries By: Akorede Folaranmi State Caretaker Committee of some local governments, able to come up with solutions to particular venue when the chosen to consult the people the party, Tunde Oladunjoye, would then activate either the multiple candidates in some immediate past administration and the leaders, and the he All Progressives made this known in a chat with direct or indirect primaries for local governments. made arrangement whereby all primaries we are going to have Congress (APC) in newsmen, shortly after the other local governments that He added that the ruling party the names of 236 councillors and will not be conducted in one TOgun State says it will party's stakeholders meeting, couldn't arrive at an agreement would ensure that the local 20 local government chairmen corner of the house. adopt consensus, direct and held at the weekend inside the for a consensus candidate. government elections is free and were just held in a file, including "The constitution of the indirect primaries to choose its Presidential Lodge, Abeokuta, Oladunjoye, while saying fair, noting that the party's even other elective officers at the party states that such primaries c h a i r m a n s h i p a n d the Ogun state capital. the stakeholders meeting was primaries wouldn't be held in state and national level. for local government must be councillorship candidates for The party's spokesperson to ensure that none of the secret like it was done in the past. "But to the glory of God, we conducted at the local t h e f o r t h c o m i n g l o c a l explained that the party, having contestants in the LG elections "We are all in Ogun State, we are not having that kind of government headquarters and elections in the state. agreed on consensus names with spend money unnecessarily, know what happened with dispensation in Ogun State now, those for the ward must be The Publicity Secretary, party leaders for positions in also said the party had been "breaking news" at this we have a governor that has ...continued on page 3 Vol. 1 , No. 15 May 23, 2021 www.nigeriangateway.com N200 IBB to Buhari Equip military with modern weapons Page 3 Sunday Igboho threatens to disrupt elections in South-West self-styled Yoruba “I can't be cowed or a c t i v i s t , S u n d a y intimidated. They said I AA d e y e m o , h a s would be arrested. Who threatened to disrupt the 2023 would dare do that? We are no general elections in Southwest longer part of Nigeria. We states of Nigeria. won't have anything to do Mr Adeyemo, popularly with them again,” he said. known as Sunday Igboho, “There is no election again spoke in Osogbo, the Osun in Yorubaland until we have a State capital, during a Yoruba Yoruba nation. Those in N a t i o n r a l l y , w h e r e authority initially thought we participants called for a break were joking when we away from the country. demanded an independent He claimed that many Yoruba nation. Southwest governors are “All our governors are with interested in breaking away us. From Oyo, Ogun and but are scared that their Ondo to Ekiti, Lagos and monthly allocation could be Osun, they are supporting us, L-R: Chief Yemi Sanusi, Chairman, Ogun State chapter of the All Progressives Congress, Chief Yemi Sanusi; Speaker, Ogun state denied if they declare open but they can't do it openly. House of Assembly, Hon. Kunle Oluomo; Ogun State Governor, Prince Dapo Abiodun and his Deputy, Engr Noimot Salako- support for an independent Oyedele at the APC stakeholders meeting on the upcoming local government elections held at the Presidential Lodge, Abeokuta at Yoruba nation. the weekend ...continued on page 3 Osinbajo offers scholarship to gifted physically challenged artist Page 3 May 23, 2021 |2 May 23, 2021 |11 Business ECONOMY Cadbury Nigeria's profit declines by 62% to N241m o r l d T r a d e O r g a n i s a t i o n in Q1 2021 W(WTO) has said adbury Nigeria Plc has that the global trade costs have dropped by 15 per cent Global trade costs dropped by reported a profit decline Cof 62 per cent to N241 between 2000 and 2018. It million in the first quarter. That also disclosed that the trade follows a huge drop of 73 per costs for services are higher cent in pre-tax profit in 2020. t h a n t r a d e c o s t s f o r The tax credit had enabled the agricultural goods, while 15% in 19 years, says WTO company to cover up much of the trade costs for manufactured drop in pre-tax profit last year goods are the lowest. but that is unavailable this time This was disclosed by the around. Ngozi Okonjo-Iweala-led T h e b e v e r a g e a n d World Trade Organisation confectionaries manufacturing company face an uncertain (WTO) in the Global Trade earnings outlook for the current report, which was shared via financial year. The strength to the organization Twitter regain the earnings momentum handle last Friday. The failed to reappear in the highlight of the report company's operating numbers at indicated that the overall the end of the first quarter. trade costs are higher for Inability to grow sales revenue women, SMEs, and unskilled remains at the centre of the workers, while high-income company's challenge for the groups face higher trade current year. This is extended by costs, given their larger share the inability to contain the cost of of consumption in services. input. Failing sales against rising i n p u t c o s t u n d e r s c o r e s Also, the trade policy Cadbury's falling profit this year. barriers and regulatory The company posted a turnover differences are estimated to of N8.9 billion in Q1 2021. This account for at least 14per cent Minister of State Petroleum Resources, Chief Timipre Sylva (right) with Namibia's Ambassador to Nigeria, Mr. Humprey D. Geiseb, during a courtesy call on is an improvement of four per of trade costs in all sectors. the former, at Nigerian National Petroleum Corporation (NNPC) Tower, Abuja ...recently. cent with a major drawback They include tariff and non- coming from a 69 per cent drop tariff barriers, regulatory in export sales over the period. differences, as well as other This is the second year that the policies covered by trade company is losing revenue from agreements, such as a lack of Q1 2021: Dangote Sugar reports 26% export sales after a drop of 36 per investment facilitation or of cent in 2020. However domestic i n t e l l e c t u a l p r o p e r t y sales are on the recovery path protection. this year from a drop of 10 per Trade policy barriers are increase in profit to N11.95bn cent at the end of last year. Cost Okonjo-Iweala of sales is growing relatively the most important a n g o t e S u g a r said the profit after tax during initiatives, and investments. firstquarter financial results protocols are upheld and our considerably ahead of sales component of trade costs for trade costs. Directional trade trade costs, and who bears Refinery Plc has the period increased by 30.3 “ G r o u p p r o d u c t i o n showed commitment to c o m m i t m e n t t o t h e revenue – which is the challenge trade among low-income costs also allow us to estimate these costs. 'Manufacturing sector lifts Nigeria's reported a Profit per cent to N8.30 billion in volume also increased by enhanced value creations for environment is sustained,” in the company's earnings story economies. Transport and the incidence of trade costs on The WTO Trade Cost D 4.3 per cent to 200,783 he said. Singhvi noted that since last year. At N7.4 billion, travel costs together with different groups of consumers Index uses estimates of Before Tax (PBT) of N11.95 contrast to N6.37 billion in all stakeholders. “We economy by $40bn in 20 years’ billion for the first quarter the comparative period of t o n n e s c o m p a r e d t o commenced the year on a fair t h e c o m p a n y h a d the acost of sales rose by 19 per information and transaction and producers. This is a major bilateral trade costs for 43 cent year-onyear compared to achievement of this work.“ economies and 31 sectors ended March 31, 2021. The 2020. He said that the results 192,584 tonnes in 2020. footing as our 1st quarter experienced improved yield costs explain the largest share he manufacturing the manufacturing sector that revive the Federation of West the four per cent increase in sales Meanwhile, the Trade Cost between 2000 and 2018 to profit before tax was higher were a reflection of the “The increase came from 2021 financial results show from its sugar cane of trade costs between high- sector has contributed crave recognition, especially African Manufacturers revenue.