Buhari Reveals Job Creation Plan For Nigerian Youth

President Muhammadu Buhari has announced that job creation will remain one of the top priorities of his administration’s economic agenda.

Speaking at the 2nd convocation ceremony of the Kaduna State University on Saturday, December 12, Buhari assured Nigerians that his administration would give the fullest possible support to all efforts to create more jobs for youths.

“One of the focal points of this administration is job creation. Job creation will help in the achievement of other objectives of the government such as poverty reduction. Insecurity cannot be divorced from unemployment and poverty because an idle mind, they say, is the devil’s workshop.

“With declining internally generated revenue and over dependence on equally declining oil revenues, there is need to seek other ways of diversifying the economy so as to boost revenue.

READ ALSO: Unemployment: Obasanjo Cries Out

“One of the ways we can achieve this is through the reorientation of our youths towards an entrepreneurial mindset. We must therefore promote and enhance the teaching and learning of entrepreneurial skills in all schools and tertiary institutions, thereby exposing our youth to the basics and rudiments of starting and sustaining their own businesses,” the president said.

Buhari added that his administration would improve ongoing programmes by the Central Bank of Nigeria, the Small and Medium Enterprises Development Agency of Nigeria, the Bank of Industry, the Bank of Agriculture and other Federal agencies to grant them start-up loans at concessionary rates.

The president belives that the improved programmes will encourage and assist youth to move from being job seekers to job creators.

Finishing his statement, Buhari expressed gratitude to the university for conferring an honourary doctorate degree of letters on him. 

Meanwhile, the Nigerian Bureau of Statistics has released its third quarter reporton unemployment and underemployment. According to it, at least 1.5 million Nigerians have become unemployed since President Muhammadu Buhari took office about six months ago.

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Alexis Sanchez, Ozil Set To Sign Bumper New Contracts

Arsenal and Chile star Alexis Sanchez is set to sign a new deal till 2020 with his club which would see him earn almost £40million over five years. 

Alexis Sanchez celebrates after scoring a goal against Leicester City

 Sanchez joined Arsenal in 2014 from Barcelona for £33m signing a  deal worth £130,000-a-week but and that will now rise to around £150,000, with major incentives written in the new contract.

Sanchez has develop into a key player for Arsenal since his move from last season’s treble winner and the club is keen to tie him down following reported interest from Real Madrid.

Fellow star player Mesut Ozil is also in line for a new deal with the Gunners. Ozil earns around £150,000 but his new five year dealwill see him remain the club’s top earner with £160,000-a-week.

While Ozil and Alexis Sanchez are yet to sign new deals, defender Nacho Monreal and forward Theo Walcott have put pen to paper on new contracts.

Arsenal are currently second on the EPL table with Manchester City and face West Brom in their next match.

FLASH: Fashola Sworn In As Power, Works & Housing Minister

The swearing-in ceremony lasted two hours, 30 minutes. It began promptly at 10am and ended at exactly 12.30pm.

Naij.com was at the council chambers to bring you live coverage of the exercise. Read our coverage below:

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12:30: Master of ceremony Garba Shehu calls for photo session outside the council chamber and ministers and President Buhari oblige to the appeal. That draws the curtain of the swearing-in exercise.

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12:30: Osagie Ehanire (Edo state) – Minister of State, Health

12:29: Aisha Abubakar (Sokoto state) – State minister for Industry, trade and Investment

12:29: James Ocholi (Kogi state) – State minister of Labour and Employment

12:28: Dr Ibe Kachikwu (Delta state) – State minister for petroleum resources. Buhari remains petroleum minister.

12:28: Mustapha Baba Shehuri (Borno) –  State Minister for Power, Works and Housing.

12:28: Heineken Lokpobiri (Bayelsa state) – State minister for Agriculture and Rural Development.

12:28: Claudius Daramola (Ondo state) – State minister of Niger Delta.

12:27: Ibrahim Usman Jibril (Nasarawa state) – State minister of Environment.

12:27: Engr Suleiman Adamu (Jigawa) – Minister of Water Resources

12:26: Zainab Shamsuna Ahmed (Kaduna state) – Minister of State Budget and National Planning.

12:26: Pastor Usani Uguru (Cross River) – Minister of Niger Delta.

12:26: Aisha Jummai Al-Hassan (Taraba state) – Minister of Women Affairs

12:25:  Isaac Adewole (Osun state) – Minister of Health

12:25: Adebayo Shittu (Oyo state) – Minister of Communication.

12:25: Lai Mohammed (Kwara state) – Minister of Information

12:25: Masur Maman Dan Ali (Zamfara state) – Minister of Defence

12:25: Abdulrahaman Danbazau (Kano) – Minister of Interior

12:25: Udoma Udo Udoma (Akwa Ibom) – Minister for Budget and National Planning

12:24: Amina Mohammed (Gombe state) – Minister for Environment

12:24: Hadi Sirika (Katsina state) – Minister of Aviation

12:24: Solomon Dalong (Plateau state) – Minister for Youth and Sports.

12:24: Rotimi Amaechi (Rivers state) – Minister of Transport

12:23: Ogbonnaya Onu (Ebonyi state) – Minister of Science and Technology.

12:23: Audu Ogbeh (Benue state) – Minister of Agriculture and Natural Resources.

12:23: Babatunde Raji Fashola (Lagos state) – Minister of Power,Works & Housing.

12:23:  Muhammadu Bello (Adamawa state) – Minister of Federal Capital Territory.

12:22: Kemi Adeosun (Ogun state) – Minister of Finance.

12:22:  Abubakar Bawa Bwari (Niger) – Minister of State, Solid Minerals

12:22: Kayode Fayemi (Ekiti state) – Minister of Solid Minerals.

12:22: Chris Ngige (Anambra state) – Minister of Labour and employment.

12:21: Okechukwu Enelamah (Abia state) – Minister of Industry and Trade.

12:21: Anthony Gozie Anwuka (Imo state) – State minister of Education.

12:21: Adamu Adamu (Bauchi state) – Minister of Education.

12:20: Khadija Abba Ibrahim (Yobe state) – Minister of State Foreign Affairs.

12:20: Geoffrey Onyeama (Enugu state) – Minister of foreign affairs

12:20: Barrister Abubakar Malami (Kebbi state) – Minister of Justice.

12:17: Buhari now reels out the names of ministers and their portfolios.

12:16: Buhari says: “This is another milestone in my administration.”

12:15: Buhari says: “Our new ministers must proceed to work speedily and justify their inclusion.”

12:15: Buhari says: “Government business is now being conducted with transparency and sincerity.”

12:14: Buhari says: “Our commitment to defeat Boko Haram and all the nuisance it constitutes is as strong as ever.” 

12:13: Buhari says: “We are determined to diversify the economy with agriculture to achieve self sufficiency.”

12:12: Buhari says: “We are optimistic that bringing these set of ministers is a step in the right direction.”

12:10: President Buhari now addressing the newly inaugurated ministers.

12:02: They now move to sign the dotted lines before receiving a handshake from President Muhammadu Buhari, Vice President Yemi Osinbajo, Senate President Bukola Saraki and Speaker Yakubu Dogara.

12:00: The ministers now move to take the oath of office and oath of allegiance.

11:54: The last batch of ministers to be sworn in include: Aisha Abubakar (Sokoto),  Aisha Alhassan Jummai (Taraba), Khadija Abba Ibrahim (Yobe), Brigadier General Dan Ali (Zamfara).

11:49: The ministers now move to sign the dotted lines before receiving a handshake from President Muhammadu Buhari and Vice President Yemi Osinbajo

11:45:  The ministers now move to take the oath of office and oath of allegiance.

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11:39: The next batch of ministers to be sworn in include: Professor Isaac Adewole (Osun), Barrister Adebayo Shittu (Oyo), Barrister Simon Dalong (Plateau), Rotimi Amaechi (Rivers)

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Rotimi Amaechi

11:34: The ministers now move to sign the dotted lines one after the other on the register which contains signatures of past ministers right from the first republic till present. They will then proceed to receive a presidential handshake from the President Buhari. That was the seventh set of ministers being sworn in.

11:31: The ministers now move to take the oath of office and oath of allegiance.

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11:25: Next batch of ministers-designate to be sworn in include: Mallam Ibrahim Jibril (Nasarawa), Hon. Bwari Bawa (Niger), Kemi Adeosun (Ogun), Claudius Daramola (Ondo state).

11:20: They now proceed to sign the dotted lines before receiving a presidential handshake.

11:15: The ministers now move to take the oath of office and oath of allegiance.

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11:11: The next batch of ministers-designate to be sworn in include: Barrister Abubakar Malami (Kebbi), Barrister James Ocholi (Kogi), Alhaji Lai Mohammed (Kwara), Babatunde Fashola (Lagos).

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Lai Mohammed

11:05: They now move to proceed to sign the dotted lines which is followed up with a handshake from President Buhari.

11:03: All four ministers now take the oath of office and oath of allegiance.

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10:57: Garba Shehu reels out the names of the next batch of ministers-designate to be sworn in. They are: Suleiman Adamu (Jigawa), Zainab Ahmed (Kaduna), Abdulrahman Dambazau (Kano), Hadi Sirika (Katsina).

10:53: The four ministers now proceed to sign the dotted line which also mandate a signature from the president. Buhari follows up with a handshake to all four ministers. A total of 16 ministers have now be sworn-in.

10:50: All four ministers-designate now taking the oath of office and oath of allegiance.

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10:43: The next batch of ministers-designate to be sworn in include: Kayode Fayemi (Ekiti), Geoffrey Onyeama (Enugu), Amina J. Mohammed (Gombe), Anthony Gozie (Imo)

10:38: The four ministers now proceed to sign the dotted lines which is followed up by a handshake from President Muhammadu Buhari.

10:35: The four ministers now take the oath of office and oath of allegiance.

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Dr. Ibe Kachikwu

10:30: The master of the ceremony Garba Shehu now reels out the names of the next batch of ministers-designate to be sworn in. The first is Pastor Usani Usani (Cross River), Dr. Ibe Kachikwu (Delta), Dr. Ogbonnaya Onu (Ebonyi), Osagie Ehanire (Edo)

10:25: All four ministers now signing the dotted lines as Buhari also adds his signature to the register. He follows up with a quick handshake with all ministers. Eight ministers have now been sworn in.

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10:20: All four ministers-designate now taking the oath of office and oath of allegiance.

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10:15: The next four of ministers to be sworn in include: Heineiken Lokpobiri (Bayelsa), Adamu Adamu (Bauchi), Audu Ogbeh (Benue), Mustapha Baba Shehuri.

10:10: After taking the oath of office, the first batch of Ministers signs the dotted lines which it’s followed up with a handshake from President Buhari

10:07: The four ministers-designate now taking the oath of office and oath of allegiance.

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10:02: Garba Shehu, the senior special assistant to President Buhari is presently reading the cvs of the first set of ministers. They are: Okechukwu Enelamah (Abia), Mohammed Bello (Adamawa state), Udo Udoma Egba (Akwa Ibom), Chris Ngige (Anambra)

10:00: All ministers-designate have arrived at the council chambers as Federal executive council inauguration commences.

09: 50: Buhari has also arrived at the Council chambers and is now seated.

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09:47: The likes of former governors, Babatunde Fashola, Chris Ngige, Kayode Fayemi have all arrived.

09:45: The ministers-designate have started arriving the Council chambers in Presidential Villa in Abuja for the swearing-in ceremony.

Fashola Resumes As Minister Amidst Cheers From Workers

The newly sworn-in Minister of Power, Works and Housing, Babatunde Raji Fashola, caused a stir today, Wednesday, November 11,  as he resumed work.

PIC.9. PRESIDENT MUHAMMADU BUHARI (R), CONGRATULATING MR BABATUNDE FASHOLA AFTER HIS OATH OF OFFICE AS THE MINISTER OF POWER, WORKS AND HOUSING, AT THE PRESIDENTIAL VILLA IN ABUJA ON WEDNESDAY (11/11/15).
7116/11/11/2015/ICE/JAU/NAN

According to The corespondent of Royal Art Concept , the former governor of Lagos state did not waste time after being sworn-in as he immediately assumed duty after the inauguration of the federal cabinet by President Muhammadu Buhari.

When he got to the secretariat, he was joyously welcomed with a loud ovation by the staff of the ministry. He stepped into his office at about 3.15 p.m. He was ushered in by Mrs Grace Papka, the director in charge of Human Resources of the ministry.

He did not waste time as he immediately had a closed-door meeting with the directors in the ministry.

Also, the state’s Minister for Power, Works and Housing, Alhaji Mustapha Shehuri, also arrived at the complex where he joined Fashola and the directors at the meeting. 

Today, Wednesday, November 11, President Muhammadu Buhari inaugurated 36 ministers that were recently screened and cleared by the Senate. The 36 ministers were also given their portfolios.

You can see the full list of the portfolios of the 36 ministers here. 

NNPC records N336.83b deficit, as subsidy, crude theft increase

BESIDE recording operational loss of N120 billion in August and September, the Nigerian National Petroleum Corporation (NNPC) suffered a N336.83 billion deficit in September in its domestic operations.

The latest financial/operations report of the corporation obtained by The Guardian, showed that huge deficit was recorded in the operations of the Pipeline Product Marketing Company (PPMC) comprising mainly claimable subsidy of N249.15 billion, rising from N231 billion recorded in the previous report.

Indeed, the report identified other causes of the deficit to include repairs and management cost of N73.97 billion and crude/product losses of N48.82 billion due to pipeline vandalism.

Besides, the NNPC paid N790.75 billion for domestic crude oil and gas and other receipts to the federation account from January to September 2015.

About $225.7 million was paid to the federation account from the sales of export of crude oil, gas and Nigerian Liquefied Natural Gas (NLNG) Feedstock for the month of August 2015 alone.

NNPC, which made this disclosure in its monthly report released at the weekend, explained that crude oil export sales contributed $108.9 million about 48 per cent of the dollar payment compared with 76 per cent contribution in previous month of July 2015 while export gas sales and NLNG feedstock accounted for $99.65 million i.e 44 per cent contribution compared with 23.7 contribution in the prior month of July 2015.

According to NNPC, the remaining $16.8 million was attributable to other dollar denominated receipts by the corporation. A total of $607.8 million has been paid so far to FAAC in the year 2015 from sales of export oil and gas.

It stated that the total export crude oil and gas receipt for the period of January to September 2015 is $3.69 billion. “Of the total receipts, the sum of $0.61billion was remitted to Federation Account while the balance of $3.09 billion was used to fund the Joint Venture (JV) Cash Call for the period. The dwindling oil price has negatively affected the NNPC Dollar contribution to the Federation Account. The continued decline in oil price led to insufficient cash available to meet JV cash calls obligations of about $615.8 million monthly as appropriated by the National Assembly. To mitigate this effect, NNPC was
compelled to sweep all the export receipt to JV Cash Call funding implying a zero remittance to federation account since the month of April 2015”, it added.

It noted that the corporation federation crude oil and gas liftings are broadly classified into equity export crude and domestic crude.

NNPC explained that both categories are lifted and marketed by NNPC and the proceeds remitted to the federation account.

“Monthly export receipts are paid directly into JP Morgan Account operated by Central Bank of Nigeria (CBN), after adjusting for calenderized Joint Venture (JV) cash calls, being a first line charge as provided in the appropriation bill; the balance is transferred to the federation account. Domestic crude oil of 445,000bopd is allocated for refining to meet domestic products supply.

“This volume is utilized through various arrangements such as domestic refining, offshore refining (Offshore Processing Arrangement: OPA), crude for product exchange and direct export. The net proceeds after adjusting for fuel subsidy, crude and product losses and pipeline repairs and management cost are remitted to the federation account”, it added.

Group operating revenue before subsidy for the months of August and September 2015 were N146.53 billion and N112.51 billion respectively.

This represents 47.88 per cent and 36.77 per cent respectively of monthly budget.

Similarly, operating expenditure for the same periods were N207.37 billion and N171.91billion respectively, which also represents 77.64 per cent and 64.36 per cent respectively of budget for the months.

It noted that operating deficits of N60.84 billion and N70.44 for August and September 2015 respectively was attained as against monthly budgeted surplus of N38.91billion.

NNPC maintained that production by the refineries in September amounted to 75.78 million litres compared to 200.25 million litres in August.

On downstream petroleum products distribution, the corporation said 507.90 million litres of white products were distributed and sold by PPMC in September compared with 606.84 million litres in August.

This comprised 456.81 million litres of petrol, 31.41 million litres of kerosene and 19.68 million litres of diesel.

Total sale of white products by the NNPC/PPMC between January and September, it said, stood at 6.41billion litres, with petrol (5.08 billion litres) accounting for 79 per cent.

During the period under review, according to NNPC, only Port Harcourt Refinery Corporation (PHRC) produced 31,008million MT of petroleum products out of 35,648 MT (261,371.14 bbls) of crude processed at an average capacity utilisation of 5.77 per cent.++

Donald Trump just eviscerated a new GOP rival

Republican presidential candidate Donald Trump is now tearing into one of the rivals he long declined to criticize: retired neurosurgeon Ben Carson.

In a CNN interview on Thursday, the real-estate magnate attacked Carson's religiosity, persona, qualifications for the presidency views on abortion — and even his medical record. 

"He was a doctor, perhaps an OK doctor, by the way. You should check that out too. We're not talking about a great [doctor]. He was an OK doctor," Trump said. 

As a doctor, Carson drew national attention at John Hopkins "by conducting a succession of operations that had never been performed successfully,"according to The New York Times, "most famously planning and managing the first separation of conjoined twins connected through major blood vessels in the brain."

Trump said he was criticizing Carson because the retired brain surgeon took a shot at him the day before. CNN reported that Carson was asked at an event how he was different from Trump, and he responded by comparing their faith in God.

"Probably the biggest thing — I've realized where my success has come from, and I don't in anyway deny my faith in God," replied Carson, a member of the Seventh-day Adventist church. "By humility and the fear of the Lord are riches and honor and life, and that's a very big part of who I am. I don't get that impression with him."

Some political observers have suggested that Trump could struggle to win over evangelical voters because of his casual public approach to his own religion. For example, Trump has said he doesn't seek forgiveness from God and referred to Holy Communion as eating "my little cracker" and drinking "my little wine."

But as Trump noted on Twitter on Wednesday, he has solid support among evangelical voters in the polls, where he is widely found to be leading the Republican primary with Carson, a fellow political outsider, in the No. 2 position.

More to the point, Trump doesn't feel like Carson is in any position to question him. 

During his CNN interview Thursday, Trump suggested that Carson was only publicly embracing faith out of political convenience. Trump, who frequently brags at being a "counterpuncher" on the campaign trail, insisted he was a devout Christian as he unloaded on Carson. 

"I don't know about Ben Carson's faith. And all of a sudden he becomes this great religious figure? I don't think he's a great religious figure. And I saw him yesterday quoting something — and he was quoting on humility — and he looked like he had just memorized it two minutes before he made the quote. So don't tell me about Ben Carson," he said. 

Trump, who has reversed his own position on abortion, added that Carson was "horrendous" on the issue.

"Ben Carson, you're talking about his faith?" Trump said. "Go back and look at his past. Go back and look at his views on abortion and see where he stands. You talk about abortion — I mean, go back and look at his views on abortion."

"Ben Carson, you look at his faith and I think you're not going to find so much. And you look at his views on abortion, which were horrendous. And that is why I think I'm leading with all of the evangelicals," Trump added. "I'm leading Ben Carson by a lot." 

The billionaire real-estate developer constantly accuses another rival, former Florida Gov. Jeb Bush for being a "low-energy person." But Trump said on CNN that the soft-spoken Carson has even less energy. 

 "Frankly, he makes Bush look like the Energizer Bunny," Trump quipped. "He's very low key." 

And Trump also said Carson was not qualified for the Oval Office.   

"Because he's a doctor, and he hired one nurse, he's going to end up being the president of the United States?" Trump mused. "Ben Carson is not going to be your next president. That I can tell you."