News
BREAKING: MOMAN And DAPPMAN Back Tinubu On Fuel Subsidy Removal, Sue For Calm
The Major Oil Marketers Association of Nigeria (MOMAN), and the Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) have declared their strong backing of the petrol subsidy removal by President Bola Ahmed Tinubu, yesterday.
In a statement jointly signed today, by the duo organizations, said: ” The decision to phase out this fuel subsidy regime is not merely a fiscal reform; it is a significant stride toward social justice.
“We are heartened that the administration plans to redirect these substantial funds
towards essential public goods such as infrastructure, education, and healthcare.
“These investments symbolize our shared future, promising considerable, long-term benefits for all Nigerians. We understand the concerns regarding potential price increases.
“We appreciate the clarity of policy from the Tinubu administration, a direction that signals a courageous and pragmatic shift in our nation’s economic trajectory. “
Consequently, they are calling on Nigerians to avoid panic buying or stockpiling petrol.
” We also urge all filling stations across the country to remain open and avoid hoarding products, and maintain reasonable pricing of fuels.
” In light of the assurances given by the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), we wish to reiterate that there is no cause for alarm.
News
Tinubu designates Rabiu Umar new CEO of NMDPRA
Umar is a seasoned executive with over 25 years of experience across the energy, manufacturing, and infrastructure sectors, and a proven track record in strategic leadership, operational transformation, and large-scale project delivery..
President Bola Ahmed Tinubu has approved the removal of Mr Saidu Mohammed as the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
In a State House statement issued on Wednesday signed by Special Adviser to the President on Information and Strategy, Bayo Onanuga, the President also approved the nomination of Rabiu Abdullahi Umar as the new Chief Executive of the NMDPRA, with the appointment subject to Senate confirmation.
The decision, according to the statement, was made pursuant to the Petroleum Industry Act 2021 and is aimed at strengthening regulatory effectiveness in the midstream and downstream petroleum sector in line with the Renewed Hope Agenda.
Umar is a seasoned executive with over 25 years of experience across the energy, manufacturing, and infrastructure sectors, and a proven track record in strategic leadership, operational transformation, and large-scale project delivery.
He is a graduate of Accounting from Bayero University and an alumnus of Harvard Business School.
News
Tinubu moves Bianca Ojukwu to foreign minister
Odumegwu-Ojukwu replaces Yusuf Tuggar who recently resigned to pursue the Bauchi governorship election in 2027.
•Odumegwu-Ojukwu
President Bola Tinubu has named Bianca Odumegwu-Ojukwu as the new Minister of Foreign Affairs.
Odumegwu-Ojukwu replaces Yusuf Tuggar who recently resigned to pursue the Bauchi governorship election in 2027.
Sola Enikanolaiye has been appointed as the new minister of state in the foreign ministry.
News
FG declares May 1 public holiday to mark Workers’ Day
The minister emphasised that the dedication of Nigerian workers remains vital to the country’s growth and economic progress, urging them to sustain values of patriotism, productivity and diligence.
Friday, May 1, has been declared a public holiday to commemorate this year’s International Workers’ Day.
The Minister of Interior, Olubunmi Tunji-Ojo, made the announcement on behalf of the federal government in a statement signed by the Permanent Secretary of the ministry, Magdalene Ajani
The minister congratulates workers nationwide, commending their commitments and contributions to national development.
The minister emphasised that the dedication of Nigerian workers remains vital to the country’s growth and economic progress, urging them to sustain values of patriotism, productivity and diligence.
Tunji-Ojo also reaffirmed the government’s commitment to improving workers’ welfare, enhancing security and creating an enabling environment for economic expansion.
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