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The GCEO of NNPCL, Mele kyari highlighted that Nigeria currently lacks energy security. He pointed out that half of the population remains without access to electricity, and 70 percent do not have access to clean fuel.

He said, “Today, when we say energy security, the thing that comes quickly to people’s mind is the availability of PMS, I think energy security is not about PMS. It’s beyond this. As a country today, we all know that over 50 per cent of our population doesn’t have access to electricity. Over 70 per cent of our population doesn’t have access to clean, good fuel. This is very true, all of us have said it over and over in the last three to five years.

“Have we taken any specific steps to close that gap in terms of having access to electricity and also access to clean fuel? I believe that substantial work has been done. And without mincing words, NNPC is left with the cross and we are humbly carrying it, proudly carrying it as NNPC Limited.”

Kyari emphasized that the oil and gas sector was never designed with the intention of prioritizing energy supply to the domestic market, stating that this was not its foundational purpose.

He added, “Every investor here, and of course the landscape is changing, don’t mind the fact that things are changing, but every investor here is here to produce oil or gas, export and make money. This is the reality. We as NNPC are left with the cross of making sure that this is made domestically available. That speaks to the availability of products for processing in the domestic market, provision of finished products in the domestic market, and also delivering gas into the domestic market.”

Mr. Taiwo Oyedele, the Chairman of the Presidential Tax Reform Committee, has sounded a warning that if state governments are permitted to collect value-added tax (VAT), it could lead to significant harm for businesses and a decline in the economy.

Oyedele noted that a comparable strategy was tried in the 1980s with sales tax; however, the sub-national governments were unable to generate considerable revenue from it.

He said, “By 1999, we were writing the constitution because we now have the 4th Republic. But what we did was to just replicate the 1979 Constitution.

“In 1979, there was no VAT. So, there was no VAT in the 1979 Constitution.

“However, by 1999, we had implemented VAT for about five years. And it was becoming our top revenue tax. How on earth did we forget to put it in the 1999 Constitution? “Because it wasn’t stated in the 1999 Constitution, lawyers will state to you that it’s a residual matter.

“Because it’s a residual matter means it belongs to the subnational. That’s why Rivers State and Lagos State have been to court and won.

“If we get a judgment from the Supreme Court today, it will tell you that VAT should be collected and administered by the states. That will be chaotic.

“States will collect less, businesses will suffer, the economy will retrogress.

“On balance, the new reform is meant to treat everybody equitably. Try to get us out of the impression that when you start doing VAT at state level, you make so much money, which is not the case.

“In fact, today, the VAT on imports and international services is actually more than the VAT we collect in Nigeria, within our jurisdiction.

“And that amount that is collected from international services and import VAT is not attributed to any state. It goes into the pool and is shared.

“So, today we shared VAT between and among states based on derivation, 20 per cent; based on equality, 50 per cent; and based on population, 30 per cent we are proposing that correct derivation and share, 60 per cent based on derivation, 20 per cent based on population and 20 per cent based on equality.”

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The Deputy Speaker of the House of Representatives and representative of the Bende Federal Constituency, Rt Hon. Benjamin Okezie Kalu, has provided financial assistance to support indigent and vulnerable individuals within the Bende community.

The initiative introduced by the Deputy Speaker, known as the "Family Support Grant for Rural Dwellers," is a financial assistance program designed to alleviate the hardships faced by vulnerable populations throughout the 13 wards in the constituency.

The family support grant aimed at rural residents was launched on Friday in Akanu Item, providing assistance to over 1,200 individuals who benefited from the substantial funds allocated for this initiative.

Speaking to newsmen on the grant distribution, Mr. Emma Trumps Eke, Director General, Benjamin Kalu Foundation, said the generosity by the Deputy Speaker is scheduled to run on a monthly basis and phases.

"My principal said he's going to run this over a period of time, so on a monthly basis, a different set of people selected by the traditional rulers, president generals of these communities, political leaders, other stakeholders and of course our structure, Hon Benjamin Kalu Movement will also have input." Eke said

Speaking on the selection process, Eke said 80 people were chosen from every federal ward of the constituency and it was done in a way to boost the philanthropic effort of the Deputy Speaker.

He revealed that some legislative aides from the constituency contributed to Benjamin Kalu family support grant for rural dwellers in the little way they can from their monthly salary.

"In view of this current economic situation, the Deputy Speaker came out with this noble idea of family support grant for rural dwellers. For people living in the rural areas, the grant can help you start petty trading and the multiplier effect, if properly harnessed, will put food on their table. There are legislative aides who said out of what they are earning, they are also giving back. We're looking at about 1,200 persons to receive this grant today," Eke added.

Also speaking, the state woman leader of Benjamin Kalu Foundation, Lady Philomena Ikwuegu told newsmen that the kind gesture means a lot to the beneficiaries especially in these hard times.

"One of them was so excited because he has not received such in these hard times," Lady Philomena said.

The beneficiaries expressed their profound gratitude to the Deputy Speaker for his benevolence.

One of the beneficiaries, Chief Ihendu John Ogba said; "I want to thank him, let him continue, by the grace of God, the next time, he is going to be the senator of this senatorial zone. One good turn deserves another".

Another beneficiary, Mrs. Comfort Chukwu thanked the Deputy Speaker, saying that she plans to use her share to invest in her farm land for increased cultivation.

On her part, Mrs Mba Ijeoma Precious, a petty trader from Apanu Item expressed joy after receiving her share and said it will boost her petty trade.

"I'm very excited to receive this amount of money, as a petty trader, I will use this money to support my business. This money is even given without minding your political affiliation. May God bless Hon Benjamin Kalu and give him the strength to do more," she said