Wednesday October 17, 2018 Edition

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F

LOODING this year may not have been as severe as what the country experienced in 2012 but it has been devastating nonetheless. At the last count, over 100 people were reported to have died from floods that ravaged several Nigerian states following heavy rains that caused Rivers Niger and Benue to overflow their banks, according to the National Emergency Management Agency (NEMA).

What to do about floods The Oracle Today Comment

NEMA declared national disaster in the affected states of Kogi, Niger, Anambra and Delta while announcing that other States such as Taraba, Adamawa, Kebbi,

The

VOX POPULI SACRUM

Edo, Rivers, Benue, Bayelsa and Kwara were being watched. RAINS POURED down in torrents, in perhaps one of the longest rainy seasons since 2012,

resulting in floods that uprooted trees and power-lines, washed away farms, homes and schools, sacked towns and villages, among others in at least 12 States in the

country. IN KANO STATE, floods reportedly destroyed 10,000 houses in 15 local government areas. The State government said it would the cost the State a princely N5b to bring the situation in the affected areas back to normal. According to NEMA, 53 lives were lost to floods in both Katsina and Kano States while 30 persons were confirmed missing in Jibiya,

racle

WEDNESDAY October 17, 2018

Cont’d on page 24

www.oraclenews.ng

ISSN: 2545-5869

Today

VOL.3 No.41 N200

How, why Atiku won From NATH OMAME, Jr., Port Harcourt and BONIFACE OKORO, Umuahia

I

n what was obviously a handsome reward for focus, consistency and tenacity, former Vice President, Alhaji Atiku Abubakar on Sunday secured an emphatic victory at the just-concluded Peoples Democratic Party (PDP) National Convention where he won the party’s ticket for the presidential election next year. Abubakar scored 1,532 to beat his closest challenger, Governor Aminu Tambuwal of Sokoto State who scored 693 votes at the peaceful primary election held at the Adokie Amasiemaka Stadium, Igwuruta, Rivers State, venue of the PDP National Convention, which held between Saturday, October 5 and Sunday October 7, 2018. Indeed, long before this momentous day came for him, the former Vice President had won hearts and support for his presidential bid with his well-received message on survival strategies for Nigeria. In May 2016, Abubakar had risen above partisanship and warned that Nigeria would continue to witness inter-ethnic frictions and, by extension, political crisis, unless the country was structured to accommodate the diverse interest of its component parts in a more equitable federation, an unpopular view within the ultra conservative political establishment in power at the moment. He began pushing his message against the backdrop of agitation by the Indigenous People of Biafra (IPOB) for the creation of Biafra Republic as a separate entity from the federation of Nigeria. Speaking at the unveiling of a book, ‘We are all Biafrans,’ written by Journalist Chido Onumah, in Abuja on Tuesday, May 31st 2016, the former Vice President declared: “When I was invited to chair this occasion, I immediately understood that the title of the book is a

Page 19

•Shuns horse-trading, insists on electoral contest •He was the best man in the race –Jonathan •Wike pledges to rally Rivers behind 2019 campaign •Saraki, other aspirants accept result, pledge support

metaphor for the legitimate feelings of marginalization by diverse segments of Nigerians that cut across the country. “Agitations by many right thinking Nigerians call for a restructuring and renewal of our federation to make it less centralized, less suffocating and less dictatorial in the affairs of our country’s constituent units and localities. “As some of you may know, I have for a long time advocated the need to restructure our federation. Our current structure and the practices have been a major impediment to the economic and political development of our country. “In short, it has not served Nigeria well, and at the risk of reproach it has not served my part of the country, the North, well. The call for restructuring is even more relevant today in light of the governance and economic challenges facing us. And the rising tide of agitations, some militant and vio-

Cont’d on page 2

•Atiku

FG, oil firms may clash over refining mandate

•Kachikwu lays agenda for 1.5 mbd local refining

By SOPURUCHI ONWUKA

T

he festering dispute between the federal government and commercial investors in the nation’s upstream sector of the petroleum industry may worsen should government

press for implementation of planned refining mandate on producers. Some of the senior executives who spoke to The Oracle Today on hints that the Minister of Petroleum Resources, Dr. Ibe Kachikwu might compel exploration and

production companies to refine half of their production locally warned that the policy shift could trigger a new fiscal conflict in the industry. Already, tens of upstream producers under the aegis of Oil Producers Trade Section (OPTS)

of the Lagos Chamber of Commerce and Industry (LACCI) are vehemently polarized against the government over some fiscal proposals in the lingering Petroleum Industry Bill (PIB), the legislative process on which has stalled in

Cont’d on page 2

WorldBankworriedoverNigeria’s‘slow’growth


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Wednesday October 17, 2018 Edition by oracle - Issuu