Nigeria News (Standard)
Air Peace CEO Onyema Says Airlines Rely on Bank Loans as Jet Fuel Prices Surge
Rising aviation fuel costs push Nigerian carriers into debt, industry leaders warn of threat to operations
Rising aviation fuel costs push Nigerian carriers into debt, industry leaders warn of threat to operations
Nigerian airlines are now depending heavily on bank loans to keep their operations afloat as the price of aviation fuel continues to soar, Allen Onyema, Chief Executive Officer of Air Peace, has said. Onyema raised the alarm on Wednesday, highlighting the mounting financial pressure facing domestic carriers across Nigeria.
Speaking from Lagos, Onyema explained that the sharp increase in jet fuel prices has left airlines struggling to meet daily operational expenses. He stated that many operators have had no choice but to seek loans from commercial banks to cover essential costs such as fuel and aircraft maintenance.
The Air Peace boss noted that the aviation sector has been hit particularly hard by recent economic challenges, with jet fuel prices rising in tandem with naira depreciation and inflation. Industry analysts say this situation threatens the long-term sustainability of local airlines and could lead to higher airfares for Nigerian travellers.
Onyema called on government and regulatory agencies to urgently intervene by stabilising fuel supply and supporting indigenous airlines. He warned that unless there is a prompt response, more airlines may be forced out of business. “We cannot continue like this; something must be done to save Nigeria’s aviation industry,” Onyema stressed.
Aviation stakeholders have echoed Onyema’s concerns, urging government to review policies affecting jet fuel importation and forex access. They argue that failure to address these issues will not only hurt airline operators but also disrupt air connectivity across Nigeria. The situation remains tense as airlines await further action from authorities.
Nigeria News (Standard)
Civil Society Group Flags Executive Powers, Transparency Issues in Akwa Ibom Fiscal Bill
CSO warns that proposed law could weaken Assembly oversight, urges Akwa Ibom lawmakers to address accountability gaps
CSO warns that proposed law could weaken Assembly oversight, urges Akwa Ibom lawmakers to address accountability gaps
A civil society organisation has raised alarm over sections of a new fiscal responsibility bill currently before the Akwa Ibom State House of Assembly, warning that the legislation could grant excessive powers to the executive and create loopholes in transparency. The group made its position known on Wednesday in Uyo, the Akwa Ibom State capital.
According to the CSO, certain clauses in the proposed bill would allow the executive arm of government undue discretion over public finance management, limiting effective oversight by lawmakers and reducing opportunities for citizen engagement. The organisation noted that such provisions could undermine efforts to ensure accountability in how public funds are allocated and spent in the state.
The group emphasised that transparent fiscal frameworks are essential for building public trust, particularly as Akwa Ibom grapples with demands for better service delivery and infrastructure. It stated that while fiscal responsibility laws are designed to promote prudent financial management, any gaps or ambiguities can be exploited, potentially leading to mismanagement or abuse of resources.
In its statement, the CSO called on members of the Akwa Ibom State House of Assembly to thoroughly review the contentious sections before passing the bill into law. The organisation also urged wider consultation with stakeholders, including civil society and community representatives, to strengthen checks and balances. “We expect our elected representatives to ensure this law protects public interest and does not shield government actions from scrutiny,” it said.
The fate of the bill now lies with lawmakers who are expected to debate its final reading in coming weeks. Stakeholders say a robust fiscal responsibility law is critical for good governance in Akwa Ibom, especially as citizens demand greater transparency around state finances.
Nigeria News (Standard)
Kwara Polytechnic Allocates 2 Hectares for One Million Trees in Landmark Climate Initiative
Institution embarks on massive reforestation effort to combat climate change, pledges environmental education and community engagement
Institution embarks on massive reforestation effort to combat climate change, pledges environmental education and community engagement
Kwara State Polytechnic, Ilorin has allocated two hectares of land within its main campus for the planting of one million trees, marking a significant step in climate action and environmental sustainability in Nigeria. The initiative was announced on Wednesday, 24 June, as part of the institution’s commitment to addressing the impact of deforestation and climate change in Kwara State and beyond.
According to officials at the polytechnic, the tree-planting programme will be rolled out in phases, with staff and students participating alongside local community members. The plan covers indigenous species selected for their resilience and ecological benefits, with the goal of restoring green cover and improving air quality around Ilorin metropolis.
The move comes amid growing concerns about Nigeria’s vulnerability to climate change effects such as desertification, flooding, and rising temperatures. Experts have long warned that unchecked deforestation and poor waste management threaten food security and public health across the country. By dedicating two hectares for large-scale afforestation, Kwara Polytechnic joins other tertiary institutions nationwide adopting practical measures to mitigate environmental risks.
While details on funding sources were not disclosed as at press time, management representatives said the school is working with environmental agencies and non-governmental organisations to mobilise resources and technical support. “This project is not just about planting trees; it is about creating a culture of environmental stewardship among our youth,” an official noted during the launch ceremony.
Environmental advocates have welcomed the development but urged sustained monitoring to ensure long-term survival of planted trees. They also called on other educational institutions in North-Central Nigeria to replicate similar programmes. Kwara Polytechnic has promised periodic updates on progress and intends to incorporate climate education into its curriculum going forward.
Nigeria News (Standard)
Colombia Edge DR Congo 1–0 in Hard-Fought FIFA World Cup Clash
South American side secures narrow victory as both teams struggle for dominance in tightly contested group fixture
South American side secures narrow victory as both teams struggle for dominance in tightly contested group fixture
Colombia defeated the Democratic Republic of Congo 1–0 in a closely contested FIFA World Cup match on Wednesday, with both teams displaying strong defensive performances throughout the encounter. The game, played as part of the ongoing global tournament, saw Colombia clinch all three points after a tense battle on the pitch.
The only goal of the match came in the second half, as Colombia capitalised on a rare opening to break through the Congolese defence. Both sides created limited clear-cut chances, with each team’s backline working hard to keep their opponents at bay. The Congolese squad pushed for an equaliser in the closing stages but could not find a way past Colombia’s goalkeeper.
This result is significant for Colombia’s campaign, boosting their chances of advancing from the group stage. For DR Congo, the defeat puts added pressure on their next fixture, as they must now seek points to remain in contention for progression. The match was marked by disciplined tactics and few scoring opportunities, reflecting the high stakes of World Cup football at this level.
Neither side’s coaches made major changes to their starting line-ups, opting for consistency as both teams chased vital points. The Colombian manager praised his players’ resilience after securing the win, while DR Congo’s technical crew acknowledged their team’s effort but lamented missed opportunities in front of goal.
Colombia will look to build on this momentum when they face their next group opponents, while DR Congo must regroup quickly to revive their qualification hopes. The group standings remain tight as all teams continue to battle for knockout stage spots.
Civil Society Group Flags Executive Powers, Transparency Issues in Akwa Ibom Fiscal Bill
Kwara Polytechnic Allocates 2 Hectares for One Million Trees in Landmark Climate Initiative
Colombia Edge DR Congo 1–0 in Hard-Fought FIFA World Cup Clash
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