Connect with us

News

Subsidy Removal: ‘I Feel Your Pain, Your Sacrifice Won’t Be In Vain’, Tinubu Tells Nigerians

Published

on

464 Views

President Bola Tinubu on Monday sympathised with Nigerians over the pains of the recent subsidy removal on Premium Motor Spirit known as petrol. 

In his 2023 Democracy Day speech on June 12, the President said his decision to remove fuel subsidy during his inauguration on May 29, 2023 is to save Nigeria country from going under and take the country’s resources away from the stranglehold of a few unpatriotic elements.

He asked Nigerians to sacrifice a little more for the survival of the country.

Democracy Day is celebrated yearly on June 12 in honour of the winner of the June 12, 1993, presidential election, the late Chief Moshood Kashimawo Olawale (MKO) Abiola and other heroes of democracy.

Addressing Nigerians on Monday, Tinubu said, “The democracy that will yield right dividends to the people who are the shareholders means more than just freedom of choice and right to get people into elective offices. It means social and economic justice for our people.

“To the winner of June 12, democracy offers the best chance to fight and eliminate poverty. Thirty years ago, he (MKO Abiola) christened his campaign manifesto, ‘Farewell to Poverty’ because he was convinced that there is nothing divine about poverty. It is a man-made problem that can be eliminated with clearly thought-out social and economic policies.

“It is for this reason that, in my inauguration address on May 29, I gave effect to the decision taken by my predecessor-in-office to remove the fuel subsidy albatross and free up for collective use the much-needed resources, which had hitherto been pocketed by a few rich.

“I admit that the decision will impose extra burden on the masses of our people. I feel your pain. This is one decision we must bear to save our country from going under and take our resources away from the stranglehold of a few unpatriotic elements.

“Painfully, I have asked you, my compatriots, to sacrifice a little more for the survival of our country. For your trust and belief in us, I assure you that your sacrifice shall not be in vain. The government I lead will repay you through massive investment in transportation infrastructure, education, regular power supply, healthcare and other public utilities that will improve the quality of lives.”

From N184/Litre To Over N500

The President during his inaugural speech on May 29 at the Eagle Square in Abuja had announced the removal of subsidy payment on petrol. The President said that the immediate past administration of Muhammadu Buhari did not make provisions for subsidy in the 2023 budget beyond June.

Many Nigerians had expected that the new price regime would come into effect by July 1 but almost immediately after the presidential pronouncement, queues resurfaced at filling stations across the country even as retail outlets hoard the product and increase prices.

Already, a litre of petrol is being sold at over N500 across the country following the price adjustment by the Nigerian National Petrol Company (NNPC) Limited and the presidential pronouncement on subsidy removal.

Fuel queues have since surged for the vital commodity, compounding the traffic situation in parts of the country, even as transportation costs skyrocket to more than 100% increment.

The Organised Labour had resolved to embark on a nationwide strike beginning Wednesday but was restrained by a court order of Monday, June 5, 2023. The Organised Labour subsequently shelved its planned strike after a meeting with the Federal Government last week.

News

Kogi Commissioner confirms release of remaining abducted orphanage victims

The operation, carried out in the Agbaja Forest axis of Lokoja Local Government Area, resulted in the safe recovery of five boys, two girls, and two adult females.

Published

on

By

15 Views

Kogi State Commissioner for Information and Communications, Kingsley Fanwo has confirmed the safe return of all those kidnapped from the Daarul-Kitab Islamic Orphanage in Lokoja.

Gunmen stormed the orphanage on April 26 and abducted 23 children, including the proprietor’s wife. Following intervention by security operatives, 15 victims were rescued on April 27.

In a statement Commissioner Fanwo said that the remaining nine victims regained freedom during a rescue operation conducted in the early hours of yesterday.

He described the development as a breakthrough against criminal elements operating within the state and a relief to affected families.

According to him, troops of the 12 Brigade of the Nigerian Army led the coordinated search-and-rescue mission with support from other security agencies.

The operation, carried out in the Agbaja Forest axis of Lokoja Local Government Area, resulted in the safe recovery of five boys, two girls, and two adult females.

Fanwo said the remaining nine victims regained freedom during a rescue operation conducted in the early hours of Wednesday.

He described the development as a breakthrough against criminal elements operating within the state and a relief to affected families.

Continue Reading

News

FCCPC, NAFDAC sign consumer protection MoU

The Memorandum of Understanding (MoU) was signed on Wednesday at the FCCPC headquarters in Abuja.

Published

on

By

19 Views

The Federal Competition and Consumer Protection Commission (FCCPC) and the National Agency for Food and Drug Administration and Control (NAFDAC) have signed a partnership agreement aimed at improving consumer experiences and ensuring value for money.

The Memorandum of Understanding (MoU) was signed on Wednesday at the FCCPC headquarters in Abuja.

The Executive Vice-Chairman of FCCPC, Mr Tunji Bello, described the partnership as a deliberate step towards strengthening collaboration in the interest of Nigerian consumers, particularly in areas where product safety and consumer protection intersect and require coordinated action.

In her remarks, the Director-General of NAFDAC, Prof. Mojisola Adeyeye, described the MoU as a step in the right direction.

“We have had similar arrangements in the past, but this represents an improved version of the partnership,” she said.

She commended the FCCPC leadership for its commitment to protecting Nigerian consumers and reaffirmed NAFDAC’s dedication to fully implementing the provisions of the agreement.

Continue Reading

News

Benue Assembly Suspends Auditor General over ₦4.6BN Fraud Allegation

Published

on

24 Views

…..Passes State Symbol Bill

The Benue State House of Assembly has suspended the Auditor General for Local Government, Mr. Abraham Gberidyer, over allegations of financial misappropriation and fraud amounting to ₦4.6 billion.

The decision was reached during Tuesday’s plenary presided over by Speaker Rt. Hon. Berger Alfred Emberga, MNIQS, RQS, following a letter from Governor Hyacinth Alia through the Head of Service.

According to the letter, Gberidyer is currently under investigation for corruption and cannot continue in office in line with constitutional provisions on the removal of corrupt public officers.

The House voted unanimously to suspend him to allow for a proper investigation. The Speaker said the move is necessary to uphold accountability and protect public funds at the local government level. I

n other legislative business, the Assembly passed into law a bill for the creation and adoption of the Benue State Symbol and Anthem, 2026, after considering the report of the House Standing Committee on Culture and Tourism.

The Speaker directed the Clerk to produce clean copies for the Governor’s assent. A separate bill to repeal the 2017 Sports Marketing and Lotteries Board Law and re-enact the 2024 Lotteries, Public Online Lotteries, Gaming and Sports Marketing Board Law scaled second reading.

The proposed law aims to expand digital integration, optimize revenue, strengthen consumer protection against underage gambling, and equip the board with enforcement powers to clamp down on unlicensed operators.

The House also passed a third reading bill to extend the retirement age and improve remuneration for magistrates and legal officers in the Ministry of Justice, to retain experienced manpower in the justice sector.

In addition, the Benue Pension Harmonization Bill, which seeks to increase pensions for retirees, passed its second reading. The pension bill was sponsored by Hon. Douglas Akya of Makurdi South State Constituency.

Continue Reading

Trending