Aso Villa Reads for Tues. 17/11/2020
By: Government Of Nigeria
Tags: Aviation, Economy, Nigeria, Infrastructure

Every day, we bring you the best stories that the Media is reporting about the Government of Nigeria

The Federal Government is to make the dollar accessible to oil marketers in order to make the importation of petrol into Nigeria competitive and help reduce the commodity’s rising cost. It was learnt on Monday that oil marketers met with officials of the Federal Ministry of Finance on the need to make the foreign exchange available for petrol imports. This, according to marketers, would halt the current monopoly in the importation of petrol. The National President, Independent Petroleum Marketers Association of Nigeria, Chinedu Okonkwo stated that once marketers begin to import petrol, prices of the commodity at filling stations would drop. [Punch]

The Federal Government says there is the need to rebuild the trust between the government and the governed in the aftermath of the EndSARS protest. Vice President, Yemi Osinbajo, said this during the Rebuild Lagos: Dialogue and Partnership event organised by the Lagos State Government to inaugurate the Eight-member Board of Trustees of Rebuild Lagos Trust Fund held at Ikeja. Osinbajo said that there was the need for government at all levels to rebuild the lost confidence with the people so as to forestall a repeat of the destruction witnessed in the country in the aftermath of EndSARS protest. He said that never should the carnage witnessed in Lagos be allowed to repeat itself. [Vanguard]

The Federal Government has listed road infrastructural development in the southwest zone and other zones in the country as its topmost priority. The Southwest Director of Highways, Federal Ministry of Works and Housing, Mr. Adedamola Kuti, made the disclosure while addressing newsmen at the end of a two-day inspection tour of ongoing Federal Government road projects in Oyo State. He said completion of the road projects would link up the various sections of the country and make vehicular movement smooth, adding that the present administration is much committed to infrastructure development He noted that there were infrastructural projects going on everywhere across the nation, stressing that virtually every where in the country has one ongoing project or the other. [Vanguard]

The federal government is already implementing a new policy at the federal level to ensure only the best brains are attracted to the teaching profession. Henceforth, only individuals with second class upper and first class will be allowed into the profession. Teachers without requisite teaching qualifications, competencies and practicing license from the Nigerian Teaching Service will not be allowed into the profession. The Permanent Secretary, Federal Ministry of Education, Sonny Echono, made this known in Abuja while monitoring the conduct of the 2020 October Diet Batch B Teachers’ Professional Qualifying Examinations, PQE. [TVC News]

Lufthansa, Air France/KLM have been given the approval to operate international flights into Nigeria. Minister of Aviation, Hadi Sirika, made the disclosure in a tweet on Tuesday. Sirika also added that Qatar Airways has been granted approval to resume flights to Abuja. The Minister hinted at the possibility of the Mallam Aminu Kano International Airport, Port Harcourt International Airport and Enugu Airport accommodating foreign travelers before the end of the year. [TVC News]

The Federal Government has vowed to clamp down on illegal satellite campuses and affiliations with foreign unaccredited universities as well as carry out an evaluation of certificates obtained by some Nigerians from foreign universities. Minister of Education, Malam Adamu Adamu, spoke on Thursday in Abuja during the inauguration of the 34th National Standing Committee (NSC) on the evaluation of foreign qualifications. He said there would be no hiding place for those operating illegal campuses in Nigeria claimed to be affiliated with non-existing foreign universities, stressing that the era of “Boys Quarter” degrees were over and for good. [Nigerian Tribune]

The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have been empowered to establish a Banking Sector Resolution Fund to ensure the safety of depositors’ funds as well as financial system stability. The powers to set up the resolution fund is contained in the Banks and Other Financial Institutions Act (BOFIA) 2020 that was assented to last week by President Muhammadu Buhari, a copy of which was obtained by This Day. It noted that the fund shall be utilised exclusively to pay operating costs of a bridge bank; to pay the costs of transferring the whole or any part of the business of a bank, specialised bank or other financial institution pursuant to a resolution measure. [This Day]

To Subscribe to our Newsletter, click HERE.