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Fuel price: CUPP Accuses FG of being unfair to Nigerians
The Coalition of United Political Parties on Wednesday faulted the hike in the price of fuel describing it as crazy and driving inflation to the rooftops.
The CUPP in a statement by its co-Spokesperson, Mark Adebayo, in Abuja, frowned at the sudden increase barely a month after the fuel price was hiked over 300 per cent.
He said, “It has come to the attention of the CUPP the sudden and surreptitious increase yet again in the pump prices of petrol by NNPCL which has immediately started having negative domino effects on all other commodities and services in the country and further drowning most Nigerians into excruciating poverty and unprecedented economic woes.
“This subsidy removal scheme is increasingly looking like a scam to cage Nigerians inside a preprogrammed regime of socioeconomic slavery dictated by leadership insensitivity. This is not about opposition Parties. The opposition actually felt that the President had something better to offer Nigerians after the subsidy removal but what we are witnessing now is a double negative impact on Nigerians in every way imaginable.
“The way NNPCL is behaving now suggests that there is a hidden agenda of crazy and unending fuel price hikes that will be driving inflation to the rooftops and making life increasingly unbearable for Nigerians generally.”
The CUPP spokesperson slammed the government for abandoning the citizens to unpredictable market forces without a policy on palliatives.
He said, “No purposeful government would recklessly abandon its citizens to the unpredictable and inhumane market forces that are essentially atrocious and callous in nature without a robust intervention to protect the citizens. Such a policy is not only antisocial but also outrageously iniquitous.
“Nigerians have shown enough understanding on the subsidy removal, this administration should not push them to the wall and thereby instigate unmanageable mass crises that could further jeopardize the life of the common man.
“President Bola Ahmed Tinubu must immediately show himself as a compassionate leader by ensuring that the NNPCL is not hijacked by the same forces that stole the fuel subsidy monies leading to its removal and finding a backdoor to continue claiming the subsidy by other means and making Nigerians bear the brunt of their economic terrorism.
“We demand the immediate removal of the NNPCL GMD, Mele Kyari, to allow for a breath of fresh air in the organization and for his tenure to be forensically investigated and all discovered infractions comprehensively prosecuted before the NNPCL is turned into the terrorist arm of the economic cabal
“The government must immediately do something to reverse the recent fuel price hikes and stop any future plans to clandestinely increase the pump prices with the predictable value of increasing the sufferings of Nigerians. When will Nigerians be free from the wickedness of their governments?”
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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