Connect with us

News

BREAKING: Oodua groups back Tinubu on fuel subsidy removal

Published

on

542 Views

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

President Tinubu returns to Lagos ahead of APC primaries tomorrow (Video)

Tinubu’s aircraft touched down at about 7:12 p.m. at the Presidential Wing of the Murtala Muhammed International Airport, Ikeja.

Published

on

By

60 Views

• President Tinubu chats with African business leaders during the African CEO Forum in Nairobi, Kenya.

President Bola Tinubu on Friday arrived in Lagos after a three-nation visit to France, Kenya and Rwanda.

Tinubu’s aircraft touched down at about 7:12 p.m. at the Presidential Wing of the Murtala Muhammed International Airport, Ikeja.

A statement issued by his special adviser on information and strategy, Bayo Onanuga, said that the president was received by Lagos State Governor, Babajide Sanwo-Olu; Deputy Governor, Femi Hamzat; Chief of Staff to the President, Femi Gbajabiamila; Speaker of the Lagos State House of Assembly, Mudashiru Obasa; and other government officials.

President Tinubu, while in France, met with global investors, emphasising transparency and fiscal discipline and explaining the rationale for the swift implementation of the bold economic reforms his administration has instituted.

Watch Video below:

Continue Reading

News

Anxiety as chemical pollution affects 6 Ogun schools, 90 students

Published

on

62 Views

Triggers Widespread Panic One Month After Similar Incident

More than 90 students across several secondary schools in Ijebu-Ode were hospitalised on Friday after a suspected chemical odour permeated the town, sparking panic among parents and residents.

Ohibaba.com learned that the pollution was caused by gas leak along the Agoro/Okunowa Road axis of Ijebu-Ode; the situation is now under control by the state environmental monitoring agency, and poses no further danger.

The incident occurred barely one month after a similar chemical odour episode at Our Lady of Apostles Girls School left several students hospitalised.

Eyewitnesses reported that a strange smell spread rapidly across parts of the ancient town, prompting parents and guardians to rush to schools to evacuate their children. Emergency responders moved over a thousand students from affected schools to the State Hospital, Ijebu-Ode, for medical attention.

Medical personnel at the hospital said many of the affected students complained of abdominal pain and related symptoms. Residents in surrounding communities and adjoining streets were also reportedly impacted by the unusual odour.

Affected schools include Our Lady of Apostles School, Anglican Girls Grammar School, Ijebu-Ode Grammar School, Sambadola Private School, Adeola Odutola Secondary School, and St. Anthony School, Esure, in Ijebu Mushin.

As of the time of reporting, no senior government officials had arrived at the State Hospital, where anxious parents and residents gathered in large numbers.

Ogun State Commissioner for Education, Prof. Abayomi Arigbabu, urged parents to remain calm, assuring them that medical personnel were attending to the students. He added that environmental officials from both federal and state agencies had been mobilised to investigate the situation.

The General Manager of the Ogun State Environmental Protection Agency (OGEPA), Hon. Kehinde Bello, disclosed that an air quality monitoring device installed at Ijebu-Ode Grammar School recorded elevated methane gas concentrations, with peak readings of about 13,500 ppm in surrounding areas.

Bello explained that the device was deployed under the state government’s environmental surveillance programme for early detection of abnormal air quality. He noted that while the methane level remains below the lower explosive limit, it is environmentally significant and requires urgent investigation.

The Ogun State Government has since activated a multi-agency team comprising environmental regulators, emergency responders, and technical air quality experts to assess the situation.

Bello advised residents to stay calm, continue normal activities, and avoid open flames or ignition sources in areas where unusual gas odours are noticed. He urged anyone experiencing symptoms such as dizziness, headaches, nausea, or respiratory discomfort to seek immediate medical attention at nearby health facilities.

The government assured the public of its commitment to protecting lives and public health, promising further updates as investigations progress.

Continue Reading

News

JUST IN: Dangote files new lawsuit against FGN over fuel import licences

The new filing asks the Federal High Court in Lagos to set aside import permits issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), arguing they breach an earlier order to maintain the status quo.

Published

on

By

44 Views

Dangote Petroleum Refinery has filed a new lawsuit against Nigeria’s attorney general in a bid to overturn fuel import licences issued to ‌marketers and the NNPC state oil firm.

Reuters reported that the new filing asks the Federal High Court in Lagos to set aside import permits issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), arguing they breach an earlier order to maintain the status quo.

The case signals renewed tensions almost a year after Dangote withdrew an earlier lawsuit challenging similar licences.

That case sought to nullify import permits issued to the Nigerian ⁠National Petroleum Company and several traders.

NMDPRA did not immediately respond to a request for comment.

Regulators and marketers have previously argued imports are needed to ‌ensure ⁠adequate supply and prevent shortages.

Dangote said in the filing that the licences issued this month undermine its operations and contravene the law, which it argues allows imports only when domestic supply falls short.

Dangote ⁠ended the earlier lawsuit in July 2025 without explanation, leaving unresolved questions over competition and supply in one of Africa’s largest fuel markets.

Nigeria ⁠has long relied on petrol imports due to underperforming state refineries. Dangote’s $20 billion facility, with a capacity of 650,000 barrels ⁠per day, was billed to end that dependence, but imports have continued to cover supply gaps as the refinery ramps up output.

Continue Reading

Trending