stop making noise

Vanguard Newspaper My power project story, by Olusegun Obasanjo Written by Gbenga Adefaye, Editor Monday, May 12, 2008 Former President Olusegun Obasanjo, in his first public reaction to spate of allegations of corruption and probes of his administration, stated last night that he acted above board in his eight years as President between 1999 and 2007. He also demands that if anyone in his government is found wanting, such person should get adequate sanctions. Chief Obasanjo, in a 5018- word rebuttal to the Ndudi Elumelu Committee probing the National Integrated Power Projects (NIPP), insisted that his government followed the due process in its power projects by complying with Section 148 of the 1999 Constitution; that all companies awarded contracts were duly registered at the Corporate Affairs Commission; that the current delay in executing the power projects is at the expense of Nigeria’s much-needed development. Obasanjo who is bill...

DANGOTE Cement Plc, over the weekend, announced a new slash in the prices of the various grades of cement, less than two months after a downward review of the commodity,    By the company’s actions, the new price regime announced by the Group Managing Director of Dangote Cement, Devakumar Edwin, would see the company sell its 32.5 cement grade at N1,000 per 50 kilogram (kg) bag, while the higher 42.5 grade would sell for N1,150 per bag.   The new prices exclusive of the Value Added Tax (VAT), represents about 40 per cent discount on the prevailing market price of the product which is currently sold for N1,700 irrespective of the grade, across the country.   Edwin said the move is in line with the company’s commitment to the nation’s dire need for the development of infrastructure and to boost the federal and state government’s ongoing effort to reduce the near 20 million housing deficit in Africa’s largest economy.   Indeed, the move is also coming on t...