Newsupdate

By Agency Report Gov. Alex Otti of Abia State says, it was non-functional of local refineries in the country that encouraged petrol subsidy by Federal Government . Otti said this in Nsukka on Thursday while presenting the University of Nigeria Nsukka (UNN) 63rd Founders' Day Lecture titled "Petrol Subsidy Removal: Dealing with Challenges, Harnessing the Opportunities." He said that if the country's local refineries were functional and working in full capacity the trillions of naira spent on subsidy could have been diverted into other infrastructural development. "It's unfortunate that we don't have functional petrol refineries in the country which resulted in government spending trillions of naria in the name subsidising  imported fuel. "The most annoying of the fuel subsidy in the country is that 97 per cent of rich people are beneficiaries because they used  more of petrol in their fleet of cars," he said. The governor said that money o

The University of Nigeria Alumni Association  (UNAA) has installed His Imperial Majesty, Oonisia, Oba Adeyeye Ogunwusi, the Ooni of Ife as its Imperial Global Grand Patron of the association. Dr. Linda Agua-Onyekwelu the National President of UNNA disclosed this in Nsukka on Monday while speaking with newsmen, she said the Ooni of Ife who is also the Chancellor of the University of Nigeria, Nsukka (UNN) was installed as Grand Patron recently during the UNAA's 108th National Executive Council (NEC), and Delegates Meeting at Ojaja Resort and Industrial Hub, Ile-Ife, Osun State. Agu-Onyekwelu said that the association decided to award Grand Patron to the Chancellor because of his outstanding performance as Chancellor of UNN as well as his numerous contributions to national development. "The award is to recognise the good performance and numerous contributions of His Royal Majesty in national development. "As the patron of UNAA, the association will constantly seek his f