News
BREAKING: Oodua groups back Tinubu on fuel subsidy removal
The Coalition of Oodua Self-Determination Groups has appealed to Nigerians to support the subsidy removal by President Bola Tinubu saying that he took the right decision.
The leader of the Yoruba groups, Mr Razak Olokoba, while speaking in a joint press conference held at the Airport Hotel, Ikeja, Lagos State on Tuesday, June 6, 2023, said Nigeria cannot continue to budget trillions of naira on fuel subsidy alone.
He said, “For this year, 2023, Nigeria budgeted N11 trillion of its oil revenue on subsidising petrol alone. This cannot continue. This is good money going down the drain, with little or nothing to show for it.
“This huge amount can be channelled into solving our several deficits, including, infrastructural, housing, education, healthcare and generally upgrading the quality of life for Nigerians. It will also help strengthen the naira.
Olokoba stressed that Nigeria’s economy depends 90 per cent on petroleum exports for its revenue and one-third of its Gross Domestic Product has been zero revenue from the sector, adding, “Tinubu said he inherited the assets and liabilities of the last regime. Nigeria currently owes massive local and foreign debts to the tune of N71 trillion.”
The group’s leader maintained that if the subsidy is not killed, it will kill Nigerians while explaining that since the year 2000 when the Nigerian government gave 20 refinery licences to private companies, adding that none was built apart from Dangote’s recently inaugurated.
Olokoba further encouraged competition in the oil sector, noting that it will bring about lower prices.
Details later…
News
Reps move to reform military laws
Abbas urged stakeholders, including serving and retired military officers, civil society organisations, gender advocates, legal practitioners and members of the public, to actively participate in the legislative process.
The House of Representatives has commenced move to reform military laws.
Speaking at a two-day public hearing organised by the House Committee on Defence in Abuja on Monday, Speaker of the House, Abbas Tajudeen, said that the proposed legislations were designed to address the country’s evolving security challenges and build a more resilient and effective military institution.
He said that the bills were in line with the legislative agenda of the 10th House of Representatives and reflected lawmakers’ commitment to reforming the nation’s defence sector.
He added that emerging threats such as maritime piracy in the Gulf of Guinea, cyber warfare and the growing nexus between organised crime and terrorism had further underscored the need for comprehensive reforms.
The Speaker said among the key bills under consideration are the Armed Forces Farms and Ranches Scheme Bill, which seeks to link food security initiatives with military operations, particularly in conflict-prone agricultural communities.
Others include the Gender Representation in the Armed Forces Bill, aimed at promoting inclusiveness in military recruitment and service; the Nigerian Military Force Bill, which seeks to repeal and replace the Armed Forces Act to align military administration with contemporary realities; and the Veterans’ Federation of Nigeria Bill, intended to improve the welfare of retired military personnel.
Abbas urged stakeholders, including serving and retired military officers, civil society organisations, gender advocates, legal practitioners and members of the public, to actively participate in the legislative process.
Earlier, Chairman of the House Committee on Defence, Hon. Babajimi Benson, described the hearing as a critical platform for citizens and stakeholders to contribute to shaping laws that would strengthen Nigeria’s defence and security framework.
News
FG to launch digital address system to boost national security
Tijani disclosed this at the National Digital Alphanumeric Postcode System Workshop in Abuja, yesterday.
The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, has said that a nationwide digital postcode system will be launched by the Federal Government in October, with several states expected to be covered before the end of the year.
Tijani disclosed this at the National Digital Alphanumeric Postcode System Workshop in Abuja, yesterday.
He explained that the initiative would assign a unique digital address to every building in Nigeria, including those in rural communities, enabling security agencies, businesses and public institutions to accurately identify and locate people and properties.
The minister said the project is a critical national infrastructure designed to address Nigeria’s long-standing challenge of lacking a reliable and standardised addressing system.
He noted that the absence of accurate addresses has hampered crime investigations, emergency response services and identity verification processes, while creating opportunities for fraud.
News
FG to roll out 10,000 electric tricycles in August –Shettima
The President has approved the replication of the initiative in other parts of the country by the various regional development commissions.
• A visit by Transporters For Tinubu/Shettima 2027 at the State House
Vice President Kashim Shettima said has that the Federal Government would roll out 10,000 electric tricycles in August 2026 as part of a broader plan to ease public transportation and strengthen Nigeria’s logistics chain.
Shettima disclosed this during a visit by Transporters For Tinubu/Shettima 2027 at the State House, saying the tricycles would be distributed by the North East Development Commission (NEDC) for use across the North East and beyond.
He added that President Bola Tinubu had approved replicating the initiative through other regional development commissions nationwide.
The President has approved the replication of the initiative in other parts of the country by the various regional development commissions.
“This administration is determined to build a transport economy that lowers the cost of movement, reduces delays at ports, connects farms to markets, strengthens national productivity and gives transporters a more dignified place in the country’s development process,” he said.
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