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Health Foods – That May Not Be So Healthy

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When it pertains to weight loss, a one-size-fit-all diet plan does not have great results. This is far more important considering that although some could be fine and also wholesome, they can on the other hand be detrimental for several individuals.

However, you will find lots of individuals who assume that since a food item is considered "healthy" and "good" suggests that they are totally free to eat just as much of it as they would like while not having any sort of consequence.

The argument regarding which food is good or not will possibly remain a never-ending one. There seem to be lots of divisive beliefs cropping up now and again. Having said that, there are particular things which just about everyone accept are not ideal whenever you might be looking to reduce weight as well as live a healthy life.

Exactly how bad any particular food item may be thought to be is debatable considering that any food item could be eaten in moderation without it having any kind of negative effect upon the individual.

It's thus essential to take into account the overall quality as well as effects of some of the foodstuffs that you are eating just as much as you like right now while you may be reasoning that they would have zero influence upon your weight loss endeavors.

It is quite astonishing to notice many individuals eat so much highly processed foods thinking that they are truly nutritious for them.

Below are a number of common foods men and women are eating trusting that they're eating wholesome foods.

Salad Dressings

Whereas the salad by itself is known as a way of consuming a healthy and balanced food, the dressing applied can nevertheless make it totally "harmful." Plenty of the regular salad dressings contain a whole lot of sugar and used primarily vegetable oils including canola or soy oil. These kinds of toppings easily help to make the salad as harmful as the other foods the individual could be avoiding.

You could as an alternative dress your salads by using olive or vinegar oil. You could also look for a number of the far healthier salad dressings that don't have added preservatives, vegetable oils and sweeteners.

Conventional Soy

All soy contains high quantities of phytoestrogens which many experts dispute to be either wholesome or unhealthy. At the same time, most conventional soy is mostly genetically improved and therefore raises a whole lot of wellness and safety questions. Try and keep soy intake to a minimum and also opt for the organic and whole food variants.

Yogurt

The majority of classic yogurts tend to be filled with lots of artificial sweeteners and / or sugar. The homemade yogurt or the ones that you are able to get from fresh milk from a local ranch are often very nourishing. Make use of Greek yogurt or get a very good high-quality organic plain yogurt then include your own preferred toppings.

Whole Wheat Bread

Thinking about it, wheat isn't truly that much of a wholesome meal. So, including the "whole" to it isn't going to essentially make it any better. Many of these kinds of food items include added quantities of sugar, oils, and also other unnatural ingredients. However, you can minimize the amount of the gluten or wheat which you consume in your diet.

Diet Drinks

This is yet another hugely controversial topic seeing that a number of people claim that the synthetic sweeteners they possess are usually worse compared to sugar. Then again, there are some data that are suggesting that they do have an indirect impact on weight addition. Drinking them in moderation is okay but remember that they will be replacing several much better beverage options including coffee, tea, or even pure water. Therefore think twice.

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Source by Marcus J Michael

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July 18, 2022
Why Is Plant Oil an Ideal Health Choice?
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Plant oils are usually extracted from different plants, especially the seeds. Just like most fats, the oils help to make food palatable, and can be used for purposes of cooking. There are many varieties of plant oils today and there seems to be no end in sight. In the local supermarkets today, there are different oils that you can choose to purchase because they are readily available.

One thing that is obvious is how easy it is to find plant oils that are refined instead of the ones that are cold pressed and fresh. However, such oils are added to processed foods. Some are also included in cosmetics and cleaning products.

Plant oils are not equal when it comes to health benefits. Some have more properties than others. There are some considerations that you need to make such as how the oil was made in the first place. Usually, the seed oils are first subjected to very high temperatures and sometime harsh chemicals are introduced. This makes the oil lose some of the nutrients that are supposed to be beneficial to our bodies.

As for the virgin oils, they are ground and centrifuged to separate the oil and the seed. The extra virgin oils usually need to meet very vigorous criteria in terms of chemical composition and purity.

When you are buying the plant oil, you need to consider how far it really is from the original form. In most cases, when refined oils are being created, they have to follow different steps. This includes mashing, bleaching, deodorizing, stripping, refining under high temperatures, chemical alterations, and so on.

Most of the plant oils are in liquid form and are almost never in solid form. When the weather gets cloudy and cold, the oil may become cloudy. The exceptions to this rule are coconut and some butter because of the fat content that is quite highly saturated. If you notice that oil is solid, it may be an indication that it has been altered chemically especially through hydrogenation.

Usually, the fats that are refined commercially have trans-fats. This comes during processing. What you notice is that most plant oils have a very high omega 3 content and that is why you should be using them instead of the refined options.

The most popular plants with a high omega 3 content include:
- Flax seed
- Hemp seed
- Pumpkin seed
- Walnut seed
The ones with higher monosaturated oil content include:
- Olive
- Almond
- Avocado seed
- Palm
- Peanuts
The plants with higher saturated oils include:
- Unrefined palm
- Unrefined coconut
The reason why you should avoid the commercial cooking oils is that they have a higher content of omega 6. Choosing an oil that provides your requirement of omega fatty acids is always a good way to go. There are some that are able to offer omega 3, 6, and 9, which are very essential for wellness, health, and vitality. They are better than flax and fish. It is always good to know the health benefits to expect from the oil you intend to use.

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July 18, 2022
The Sorry State Of Nigeria’s Judiciary Among Others Makes The Battle Cry For A Revolution Inevitable By Francis Adewale

Lawyers

“Those who make peaceful revolution impossible will make violent revolution inevitable.”
– President John F. Kennedy (1962)

This week may be one of the worst weeks for Nigerian judiciary and they might have made the much vaunted Sowore’s revolution inevitable. The first salvo was the list of judges released by the National Judicial Council replete with the names of their sons and daughters as well as hangers on. Second is the farcical decision in EFCC vs Kalu where the Supreme Court “suo motu” created a new section to the constitution of Nigeria by vacating a conviction duly given under an extant law. The strange rationale by the Supreme Court is that the presiding judge, now elevated to the Court of Appeal should not have pronounced the sentence. The Court conveniently ignored the fact that the accused counsel had invited the judge to come back and continue the hearing by a formal letter!

Gone are the days when Nigerian judiciary is famously celebrated as the last bastion of defense for the common man. The days of Kayode Esho, Chukwudifu Oputa, Muhammed Uwais is long gone. Our judiciary is no more like Caesar’s wife, above board. The problem however is not necessarily down to the hydra headed monster of corruption alone but a more sinister evil called, nepotism. It is my humble opinion that an opaque process for selection of judges led us to where we found ourselves this week. And the problem did not start with the current chief justice. The dysfunction and bastardization have been long in coming, and as we will find out in this piece, the cancer has eaten deep into the fabric of this nation. The revolution is inevitable.

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What precipitate this write up is a social media post by a good friend of mine and I obtained his permission to repost his comment with my personal edits:
“It took Orji Kalu only 4 months including Covid lockdown challenge to move from the High Court to Supreme Court to get his so called sound judgment from Supreme Court while it took ten years to get his case completed at the High Court level. Ten good years! And we are told justice in Nigeria is not cash and carry? The Supreme Court is preparing the ground for a revolution and very soon something extraordinary will take place. The same Supreme Court that will give 2021 and 2022 court date for poor defendants, sat and summarily decide a case within 4 months while cases of those facing a life sentence languish in the labyrinth of jungle justice!”

My first response to the post, is to retort that the problem did not start with judiciary, but they seem to have led the “nunc dimitis” for the internment of democracy in Nigeria. The judiciary may have pushed us to the praecipe but they were not the only one. We all recalled the impunity days of PDP rule and how they ride roughshod on people’s right, celebrating acquisition of jets obtained from corrupt practices while hordes of masses suffer the indignity of scrapping for foods from the gutter. Towards the end of that era, we all thought, if we can just get a man of integrity into Aso Rock, someone who will brook no atom of corruption, we will change the country. The election of 2015 seems to have lulled Nigerians into thinking that all we need is someone or a duo with integrity, so we elect Buhari and Osinbajo, a puritan and a pastor and went home satiated. What we were not prepared for or more appositely choose to ignore is the fact that the vehicle that brought them into governance is none other than the decrepit system that PDP used to feather their nest. In the first 4 years, we were told that the problem is with the National Assembly where the legistlooters shifted their control of the vortex of power in Abuja, opposing every anti-corruption moves of the executives. Then come the last election where the ruling party now controls the executive and legislative arm, but corruption runs through the gamut of the judiciary and Aso Rock looks the other way while nepotism festers in its rank.

It is as if the cancer has completely swallowed up the entire fabric of the nation. Cases involving the poor dragged on for years while those who can afford senior advocate can get quick justice. Many warned that this will sound the death knell of democracy in Nigeria. Every attempt to even build on free and fair election has been truncated by the judiciary. What with the recent confounding judgment from Imo and Bayelsa. Our two gargantuan political parties now owned our judiciary lock, stock and barrel. They sit in smoke filled rooms to determine who will be governors, legislators and judges, and those who will play ball are readily appointed as pawns in the chest board of the Nigerian ruling class, wives, nephews, cousins, sons and daughters are made judges and senior advocates overnight without recourse to any modicum of meritocracy. A friend of mine recently quipped that the problem of nepotism is not just that it defeats meritocracy and breeds mediocrity but that it infects the entire body politics and renders it comatose. Corruption can be traced, and ill-gotten wealth recovered but nepotism is more sinister. Those who obtain position of power and authority through nepotism hold fealty only to their masters who appointed them. Such appointee will readily twist the constitution, made up section that does not exist all at the behest of their “godfather”. It is insidious and evil.

I graduated from Nigerian Law School 30 years ago, after an excellent stint at Great Ife. My class at Ife, drawn from the north, east, west middle belt and south-south has in its rank some of the best legal minds any country will be proud of. We graduated with high hopes to take on the world and change the land. Few of us found ourselves abroad on scholarship where we flourish and excel. Those in legal practice in Nigeria, either at the federal or state ministry of justice or private practice are the ones my heart bleeds for, especially those without access to members of the National Judicial Council. I have had the privilege to advance my career abroad as an attorney and public defender. I frequently sit on panels that recommend colleagues for appointment as judges in a fair, open and transparent process; something my colleagues in Nigeria could only dream of.

When I look at the state of Nigerian legal practice my heart bleeds. The career growth of colleagues in the legal profession in Nigeria is stunted not for lack of excellence but influence in the right place. Influence peddling is an art form in Nigeria and politicians used to have the exclusive preserve of selling it to the highest bidder, but our Judicial Council seems to have mastered the art. The problem will not be this pronounced if the sons and daughters they are foisting on Nigerian judiciary are steeped in the Nigerian experience or have a modicum of merit. As many of my colleagues are apt to complain, majority of the recent appointees hardly spend few years in Nigeria. They all went to schools abroad. Totally devoid of the Nigerian experience, and constantly removed from the everyday life Nigerians suffers under. Majority of them lives in the gilded mansions of their forbears in Abuja and other state capitals, where they are rarely touched by the “better angels of our nature” to use the phrase coined by Abraham Lincoln. It is therefore no surprise that they care only for what their “godfather” demand.

Let me however warns that the biggest mistake we could make is to think that the rot is only in the heart of our judiciary. Think again. Nepotism is next door, next street, next town and everywhere in Nigeria. It rampages through the land, be it North, East or West. Just look at our churches and mosques, who do you see minister or lead the prayers when the founder/visioner is not around? You guess right, if you say their sons and daughters. Gone are the days when Pa Fadayomi push to have a meritorious doctor of aerodynamics succeed him. Gone are the days when the leader of the faithful in Nigeria is selected by their aptitude in the knowledge of the Quaran. Nowadays, the exit of the leader is the beginning of the reign of the progeny. It has infected our colleges and universities, scholarship and opportunities that used to be available on merit are now exclusive preserve of the vice chancelor’s children and family members. Woe betide the school senate members that dare ask questions. Advertisement for jobs that has already been reserved for the children of the privileged are means to extort money in the form of application fees a la Abba Moro immigration recruitment scheme. A recent recruitment without advertisement at our apex bank reported by Sahara Reporters shows that successful applicants names were picked out of the rolodex of the governor. Commercial Banks staff are not an exemption, they are either recruited based on sex appeal or influential ministers/senators’ “recommendation” which doesn’t come easy for the educated but less privileged applicants.

A friend concluded an animated discussion on social media on this issue with a distinctively Nigerian resignation: “It is clear that those who do not want things to work properly in Nigeria are more powerful than those who are working towards finding solutions to our problems.” Again, my response is what do we have to lose if we embrace Omoyele Sowore’s revolution, even with its youthful disdain for experience? Especially when our current experienced leadership seems to treat the Nigerian masses with contempt. Look at it this way: They do not need our votes to win election, as they could procure midnight judgment in Abuja a la Bayelsa and Imo. They do not need to legislate to fill any lacunae in our constitutional experience as the Supreme Court proved in Kalu’s case. In fact, as long as oil flows and they have the means to fill their Cayman Island bank accounts, we may as well not exist. Greed and avarice have become the directive principle of Nigerian ruling class. To rescue ourselves from their vice grip, we need revolution now!

Francis Adewale
Tioluwanimi@gmail.com

Opinion

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May 9, 2020
Palm oil players in Sabah can resume operation, to adhere to state guidelines

KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) and the Malaysian Estate Owners Association (MEOA) have been diligently engaging with the relevant authorities in Sabah and putting relevant measures to curb the spread of Covid-19 in the palm oil supply chain.

In a joint statement yesterday, both associations said they were also grateful to the chief minister and state government for granting the palm oil supply chain the approval to resume operations in the affected six districts.

“We are very grateful the authorities were able to appreciate the overall situation in assessing the risks pertaining to the Covid-19 and the oil palm plantation sector and approve the lifting of the shutdown,“ the statement said.

It said both association were also appreciative of the open networking and effective engagement with the local plantation association, namely the East Malaysian Planters Association (EMPA), that led to the lifting of the shutdown.

It added that the associations and its members would adhere strictly to the conditions set and would continue to engage and support the diligent measures taken by the state and relevant authorities to curb the spread of Covid-19 in Sabah.

Meanwhile, Sime Darby Plantation Bhd (SDP) in a separate statement thanked the Sabah state government on its latest decision to allow oil palm estates and mills in Tawau, Lahad Datu, Kinabatangan, Semporna, Kunak and Kalabakan to resume operations.

“We welcome this carefully measured decision which balances the need to control the spread of the Covid-19 virus whilst allowing an industry deemed essential by the National Security Council (NSC) to continue being productive,“ it said.

SDP said it was committed to continue working with the authorities to ensure strict compliance to the operating conditions and guidelines of the state health department.

“This has been our commitment for all our operations throughout the country since the commencement of the Movement Control Order (MCO) and we will continue to fulfill this commitment to mitigate any risks to the safety and health of our workers,“ it said.

Sabah Chief Minister Datuk Seri Mohd Shafie Apdal yesterday allowed oil palm supply chain in Tawau, Lahad Datu, Kinabatangan, Semporna, Kunak and Kalabakan to resume operations if they had no positive virus cases, no persons under investigation for COVID-19 and no workers had had close contact with positive or suspected cases.

However, all the re-opened oil palm operations must abide with the strict adherence to the guidelines prepared by the state health ministry. — Bernama

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April 11, 2020
Nigeria Slashes N312bn Off Capital Projects In 2020 Budget

The Nigerian Government has slashed N312bn from capital projects in the 2020 federal budget.

This was occasioned by the global fall in oil price and the outbreak of Coronavirus in Nigeria and other parts of the world.

A copy of the revised budget showed that there was a 20 per cent cut on capital projects across ministries, departments and agencies to around N312,820,542,675.

The decision to review the budget downwards was arrived at after a meeting between Minister of Finance, Zainab Ahmed, and the leadership of the National Assembly.

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April 9, 2020
Saudi-led coalition declares 2-week Covid-19 ceasefire in Yemen

RIYADH: The Riyadh-led military coalition fighting Yemen’s Huthi rebels has declared a two-week ceasefire in the country starting Thursday in a bid to combat the spread of the deadly coronavirus.

The unilateral ceasefire follows an escalation in fighting between the warring parties despite a call by the United Nations for an immediate cessation to protect civilians in the Arab world’s poorest nation from the pandemic.

The announcement, due to take effect from 0900 GMT Thursday, marks the first breakthrough since the warring parties agreed to a UN-brokered ceasefire in the port city of Hodeida during talks in Sweden in late 2018.

“The coalition announces a comprehensive ceasefire in Yemen for a period of two weeks, starting on Thursday,“ Turki al-Maliki, the military alliance’s spokesman, said on Wednesday.

The two-week period, which could be extended, was aimed at creating “appropriate conditions” for a UN-sponsored meeting between the warring parties to facilitate a “permanent ceasefire” in Yemen, Maliki added.

There was no immediate reaction from the Iran-aligned rebels.

But hours before the announcement, the rebels released a comprehensive vision to faciliate dialogue, which called for a withdrawal of foreign troops and the end of the coalition’s blockade on Yemen’s land, sea and air ports.

The coalition, which launched its intervention to oust the rebels in 2015, was committed to a two-week ceasefire but still reserved the right to defend itself if it came under attack, Saudi officials said.

UN special envoy Martin Griffiths welcomed the coalition’s announcement.

“The parties must now utilise this opportunity and cease immediately all hostilities with the utmost urgency, and make progress towards comprehensive and sustainable peace,“ Griffiths said.

Saudi deputy defence minister Prince Khalid bin Salman also called on the rebels to “show good will” and engage in dialogue.

“The two week ceasefire will hopefully create a more effective climate to deescalate tensions, work with (Griffiths) towards a sustainable political settlement,“ Prince Khalid said on Twitter.

‘Litmus test’

The United Nations has repeatedly called for an immediate cessation of hostilities in Yemen to help avert potentially disastrous consequences of the coronavirus outbreak.

Yemen’s broken healthcare system has so far recorded no cases of the COVID-19 illness, but aid groups have warned that when it does hit, the impact will be catastrophic.

The country is already gripped by what the UN calls the world’s worst humanitarian crisis.

“The ceasefire seems to be more of a courtesy than a policy — it comes in response to UN calls to deescalate during the COVID-19 crisis,“ Fatima Abo Alasrar, a scholar at the Middle East Institute, told AFP.

Saudi Arabia, the Yemeni government and the Huthi rebels had all welcomed an appeal from UN Secretary General Antonio Guterres for an “immediate global ceasefire” to help avert disaster for vulnerable people in conflict zones.

“It is most important to watch if the Huthis will stop their military operations,“ Alasrar said.

“That will be the real litmus test of a successful ceasefire as the Huthis have currently opened multiple battlefronts they cannot afford to close.”

Fighting recently escalated again between the Huthis and Riyadh-backed Yemeni troops around the strategic northern districts of Al-Jouf and Marib, ending a months-long lull.

And Saudi air defences intercepted Yemeni rebel missiles over Riyadh and the border city of Jizan late last month, leaving two civilians wounded in the curfew-locked capital, state media reported.

It was the first major assault on Saudi Arabia since the Huthi rebels offered last September to halt attacks on the kingdom after devastating assaults on Saudi oil installations.

Last week, the coalition carried out multiple air strikes on Yemen’s rebel-held capital Sanaa in retaliation for the missile strikes. – AFP

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April 9, 2020
MCO: Pulau Perhentian, Pulau Redang is quieter than during monsoon season

KUALA TERENGGANU: The atmosphere during the Movement Control Order (MCO) period in Redang Island and Perhentian Island is quieter than during the monsoon season.

This is due to the current circumstances during which no tourism activities are allowed, and the residents also do not carry out much activities, but to remain at home in compliance with the order.

Pulau Perhentian Village Community Management Council (MPKK) chairman Mohd Zakuan Mad Nasir said that during the monsoon season, although there is no tourists on the island, life goes on normal for the locals as they still go to food stalls, gather at the surau for prayers and and also attend wedding ceremonies and other events.

“However, with the MCO, the residents choose to remain at home because they understand the importance of adhering to the rule so that the government’s aim to break the chain of the Covid-19 infection is achieved,” he said when contacted by Bernama today.

Based on observation, the supply of daily necessities for more than 2,000 people on the island is still sufficient for another week or two.

“Recently, the state government provided assistance for the affected families and some non-governmental organisations (NGOs) also came to deliver basic necessities such as rice, flour, milk, sugar and cooking oil.

“Most of the villagers are fishermen, so they still go to the sea, but not far out, as that is their only source of income, but they comply with the MCO to be back by 6 pm,” he said, adding that so far, there is no Covid-19 positive case reported on the island.

Tourism activities in Pulau Perhentian and Pulau Redang were ceased for four months following the monsoon season and programmes for the new tourism calendar year were supposed to start last March 1, but postponed due to the MCO.

Despite the inconvenience, the residents comply with the order and this is acknowledged by the Malaysian Civil Defence Force (APM) coordinator of the Pulau Redang Unit, Lieutenant Awang Azmi Kamarulzaman.

Awang Azmi, who is from the island himself, said despite living on the island and being isolated from the mainland, it did not mean that they had no contact with the outside world and could defy the MCO.

“This is because authorities like APM, RELA and the Royal Malaysian Police continue to monitor the movement of the residents to ensure that they also practice social distancing when going out to buy groceries at nearby shops.

“Although they are allowed to go out to the mainland for important purposes, so far there has been no movement in and out of the island. The compliance to MCO by residents on the island is very satisfactory,” he added.

Meanwhile, Batu Rakit State Assemblyman Bazlan Abdul Rahman said Pulau Redang is one of the main locations where aid is sent as the island is farther from the mainland.

“We have delivered food supplies to the island on March 30 and will continue to deliver essential items if MCO is extended.

“The Batu Rakit State Assemblyman’s office is in constant contact with the Social Welfare Department, APM, RELA and the police to safeguard the welfare of about 2,000 people on the island during MCO,” he added. –Bernama

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April 8, 2020
Covid-19: Seven districts in Sarawak are red zones, says Uggah

KUCHING: The Sarawak State Disaster Management Committee (JPBN) announces that seven districts in the state are Covid-19 red zones (hotspots), today.

Deputy Chief Minister Datuk Amar Douglas Uggah Embas (pix), who is also the committee’s chairman, said the city of Kuching had the most hotspots with 69 areas.

“This is followed by Samarahan with 16 areas, Miri (nine), Betong (six), Limbang (six) and Bintulu (five),” he told a press conference on the development of Covid-19 at Wisma Bapa Malaysia here, today.

Uggah said six districts were listed as yellow zones, namely, Serian (three), Sibu (three) while Mukah, Matu, Lawas and Simunjan had one area each.

He said the state government has decided that offshore oil and gas employees, including from outside Sarawak, must undergo a 14-day quarantine in the state before going to the oil rigs.

“In addition, the committee is also not allowing movements between districts and exemptions are only given to emergency cases with approval from the respective district offices,” he said.

Uggah said Sarawak recorded 11 new positive Covid-19 cases today, boosting the total number of cases in the state to 129 cases, since the first case on March 13, 2020.

“These 11 new cases are being treated at the Sarawak General Hospital, comprising six men and five women,” he added. – Bernama

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March 29, 2020
Stimulus package will flow over the three months, says Azmin

KUALA LUMPUR: Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali (pix) said today that the Prihatin Rakyat Economic Stimulus Package is to cushion the adverse impact caused by Covid-19 on the population’s well-being.

The Prihatin Rakyat package was announced by Prime Minister Tan Sri Muhyiddin Yassin yesterday (Friday).

According to the senior minister, the situation would simply deteriorate without any form of assistance: “Companies won’t be able to operate and have no choice but to retrench their workers. We have to resort to this (stimulus), to save these workers and help employers not to dismiss them.”

“But I am confident that this package is not just about three months but will bring about manifold benefits for the future in economic activities and growth,” he said.

He said this in a programme, Bicara Naratif Pakej Rangsangan Ekonomi that was telecast live today by Radio Televisyen Malaysia (RTM).

“As we are aware, the world is facing a difficult situation and Malaysia is no exception in the wake of the Covid-19 pandemic and global economic slowdown.

“Malaysia as an oil producing country is also impacted by falling oil prices. Hence, why we must restructure the country and take the bold step of introducing the RM250 billion stimulus package.

“Our hope is that when the movement control order (MCO) period is over, we can see a situation that is more reassuring,” he said.

Azmin revealed that the Finance Ministry has prepared a module and specifics to all the ministries, in line with their respective responsibilities, on the disbursement of assistance to the target groups, which would be monitored by the Economic Stimulus Package Implementation and Coordination of National Agencies Unit (Laksana).

“We have complete data on the recipients from the B40 and small and medium enterprises (SME).

“As for the M40, we have some setbacks as I mentioned earlier, the government had given less priority to the category. That’s probably the reason why we do not have the complete data but this will be seen to so they too can have their right to assistance,” he added. — Bernama

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March 28, 2020
Oil Benchmark Slashed To $30 Per Barrel By Nigerian Government

The Nigerian Government on Wednesday proposed $30 per barrel of oil so as to work the 2020 national budget around that.

The announcement was made by the Minister of Finance, Zainab Ahmed, in Abuja.

Ahmed advised a review of the 2020 budget using a $30 per barrel price benchmark in favour of the previous $57.

She also said, “The privatisation proceeds will be cut by 50 per cent, based on the adverse economic outlook on sales of the Independent Power Projects and other assets.

“The Federal Government is working on Fiscal Stimulus Measures to provide fiscal relief for taxpayers and key economic sectors.

“We will incentivise employers to retain and recruit staff during the economic downturn.

“We will stimulate investment in critical infrastructure; review non-essential tax waivers to optimise revenues, and compliment monetary and trade interventions to respond to the crisis.”

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March 26, 2020