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BREAKING: Fuel Subsidy Is Gone, Says President Tinubu

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President Bola Ahmed Tinubu has announced the removal of fuel subsidy in the first policy directive of his administration.

Tinubu disclosed this on Monday in his inaugural speech as the new President of Nigeria.

According to him, subsidy can no longer justify its ever increasing costs in the wake of drying resources.

“We shall instead re-channel the funds into better investment in public infrastructure, education, healthcare and jobs that will materially improve the lives of millions,” Tinubu stated.

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BREAKING: Senate confirms Olayemi Cardoso as CBN Governor and other Deputies

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The Senate has confirmed Olayemi Cardoso, as the Governor of the Central Bank of Nigeria (CBN), and four others deputy governors during the screening exercise, in replacement of the then-acting CBN governor Folashodun Shonubi.

Cardoso assumed office last Friday while awaiting confirmation by the Senate.

The confirmed deputy governors include Mrs Emem Nnana Usoro, Mr Muhammad Sani Abdullahi Dattijo, Mr Philip Ikeazor, and Dr Bala M. Bello.

Details later…….

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BREAKING: TUC, NLC, to ground activities nationwide from Oct 3

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The Nigeria Labour Congress and the Trade Union Congress have resolved to ground activities nationwide from October 3, 2023, following what the Labour Unions tagged as the “failure” of government to successfully implement policies to alleviate the sufferings of Nigerians following the removal of the subsidy on Premium Motor Spirit.

NLC national president, Joe Ajaero, during a virtual National Executive Council meeting which was held on Zoom, Tuesday told members of NEC that a meeting was held with the officials of the TUC to deliberate on ways forward. Ajaero noted that it was resolved that the two centres work together to make their stance known to the government.

A source who was present at the meeting noted that some members of the NLC initially objected to the development of the NLC working together with the TUC.

“Initially some members did not want us to work with the TUC but as of now, we don’t have a choice. The government has not been proactive. So it is going to be a definite action this time around.”

The 21-day ultimatum given by the NLC ended last week. The national president of the NLC, Joe Ajaero had complained that “none of the demands put before the Federal Government had been addressed.”

The union first observed a two-day nationwide warning strike on September 5 and 6 to show its readiness for the indefinite strike later in the month.

Among other things, the NLC and the TUC are asking for wage awards, implementation of palliatives, tax exemptions and allowances to public sector workers and a review of the minimum wage.

President Bola Tinubu had on June 19 set up the Presidential Steering Committee and various sub-committees to discuss the framework to be adopted on the palliatives.

Though the FG made a commitment to restructure the framework for engagement with organised Labour on palliatives, the eight-week time-frame set for the conclusion of the process expired in August with no action taken.

The committees were given eight weeks to conclude their assignment and hasten the implementation of the framework in cushioning the effect of petrol subsidy removal on Nigerians but weeks after the timeframe expired, the sub-committees had yet to meet or actualise their mandates, leaving the NLC and TUC leadership frustrated.

Details later…

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JUST IN: Nelson Mandela’s granddaughter, Zoleka, dies of cancer at 43

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South African anti-apartheid struggle hero, Nelson Mandela’s granddaughter, Zoleka Mandela, has died of cancer aged 43, her family said on Tuesday.

Known for having detailed her long battle against the disease, the author was admitted into hospital on Monday as part of her ongoing treatment, a family spokesman said.

“Zoleka passed away… surrounded by friends and family,” said Zwelabo Mandela.

She was the child of Mandela’s youngest daughter, Zindzi Mandela, and her first husband, Zwelibanzi Hlongwane.

The family said recent scans revealed “significant” progress in the cancer that affected her hip, liver, lung, pelvis, brain and spinal cord.

“We mourn the loss of a beloved grandchild of Mum Winnie and Madiba,” the Nelson Mandela Foundation wrote on social media, using the name by which the Nobel Peace Prize laureate was fondly known.

“Her work in raising awareness about cancer prevention and her unwavering commitment to breaking down the stigma surrounding the disease will continue to inspire us all.”

AFP

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