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FG Set to Release New Gas Pricing Template

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The Bola Ahmed Tinubu-led Federal Government is scheduled to unveil the new gas pricing template today, according to an announcement made by the Nigerian Midstream and Downstream Regulatory Authority (NMDPRA). The decision to announce the revised gas prices comes after a comprehensive review conducted in collaboration with Olu Verheijen, the Adviser to President Bola Tinubu on Energy.

Engr. Farouk Ahmed, the Chief Executive Officer of the NMDPRA, disclosed this news during the inauguration ceremony of the “Decade of Gas” headquarters in Abuja. Ahmed revealed that the authority has already engaged with key stakeholders, including the Nigerian Electricity Regulatory Commission (NERC), to ensure a thorough consultation process.

“We have been engaging with all the stakeholders in arriving at the domestic price for gas. Following today’s review with the Adviser, we plan to release the new price for the sector,” stated Ahmed. “We have consulted with NERC and the commercial sector, and we have all reached a consensus on the pricing. Today, we aim to announce the new price.”

The upcoming release of the new gas pricing template is expected to have significant implications for the domestic energy sector. It signifies the government’s commitment to establishing fair and sustainable pricing structures that align with the interests of both consumers and industry players. This move is part of broader efforts to enhance the efficiency and competitiveness of Nigeria’s gas market, which plays a crucial role in powering various sectors of the economy.

As stakeholders eagerly await the announcement, industry experts anticipate that the new gas pricing template will promote investment in the gas sector, stimulate economic growth, and foster increased utilization of natural gas resources in Nigeria. It is hoped that the transparent and well-considered pricing structure will contribute to the country’s energy transition goals and facilitate the expansion of gas infrastructure across the nation.

The unveiling of the new gas pricing template reflects the government’s commitment to driving sustainable development in the energy sector and fostering a conducive environment for both local and foreign investors. It is expected that the implementation of the revised pricing framework will contribute to the overall growth and stability of Nigeria’s gas industry in the years to come.

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Police Rejects Tainted Recruitment List, Demands Transparency

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– Police discovers anomalies in recruitment list
– List contains unqualified and medically unfit candidates
– IGP demands transparent review of recruitment process

The Nigeria Police Force has rejected the Police Service Commission’s recruitment list due to alleged irregularities and corruption.

The list contained names of unqualified and medically unfit candidates who did not apply or failed the recruitment exercise.

Furthermore, the police spokesman, ACP Olumuyiwa Adejobi, revealed that the list included individuals who were disqualified due to financial dealings and corrupt practices.

The Inspector General of Police, IGP Olukayode Egbetokun, has written to the Chairman of the Police Service Commission objecting to the list.

Consequently, the police have dissociated themselves from the published list and called for a transparent review of the recruitment process.

“The same people who recruited anyhow for the police today will turn round to accuse the police tomorrow of inefficiency when their recruits start messing up,” Adejobi stated.

The police are determined to recruit “qualified, competent, trainable, and productive hands into the Nigeria Police Force.

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Rivers Varsity Suspends Four Students Over Brutal Assault

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– Four students suspended for assaulting a colleague
– Suspension lasts for one academic session
– Students urged to live in peace and harmony

The Rivers State University has suspended four students linked to the brutalization of their colleague, Victor Tobins. The students, who are members of the Man O’ War, were suspended for one academic session.

According to the university’s management, the students’ actions contravened the institution’s regulations. Management saw the actions as contrary to the regulations of the University.

The students had beaten Tobins, a 300-level student, black and blue, inflicting injuries on his right eye and other parts of his body. The development sparked a protest among students, who demanded the disbandment of the Man O’ War from campus.

The university’s management intervened, promising to take action within 24 hours. The management has since suspended the four students, urging students to live in peace and harmony.

“We urge the student population to continue to live in peace and harmony and comply scrupulously with all the rules and regulations of the University,” the management said.

 

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