News
Subsidy Removal: ‘I Feel Your Pain, Your Sacrifice Won’t Be In Vain’, Tinubu Tells Nigerians
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
NAF Jilli Airstrike: Bomb Don’t Know Who’re Terrorists
Multiple sources said that the fighter jet that carried out the operation was tracking a group of suspected insurgents believed to have visited the market to collect levies from traders and obtain supplies. However, the strike reportedly missed its intended target
No fewer than 56 people, mostly traders, are feared dead, while 14 others have been hospitalized following an airstrike on a weekly market along the Borno–Yobe border.
The incident occurred at Jilli Market, located between Gubio and Geidam Local Government Areas of Borno and Yobe states, on Saturday.
The airstrike was carried out during a military operation targeting suspected Boko Haram insurgents.
The weekly market usually attracts traders and buyers from surrounding communities, including Gubio, Chiweram, and Benisheikh in Borno State, as well as Gurokayeya and Geidam in Yobe State.
Multiple sources said that the fighter jet that carried out the operation was tracking a group of suspected insurgents believed to have visited the market to collect levies from traders and obtain supplies. However, the strike reportedly missed its intended target
.An eyewitness said at least 56 people have been confirmed dead, while 14 others are receiving treatment at the Specialist Hospital in Geidam, Yobe State.
“The incident happened around 2:46 p.m. while business activities were ongoing. Four fighter jets carried out the attack, though the fourth jet was not clearly visible. We only heard the sound of explosions.
“I counted 56 corpses myself and helped rescue two injured people, taking them to the hospital. I believe the number of casualties may be higher, as more bodies are still being recovered,” the source said.
News
NUPENG Braces Up for Leaderships Change
Former National Chair of PTD-NUPENG and National Trustees of the union, Salimon Oladiti will be elected as president of NUPENG in Lagos.
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) will, on April 24, elect a new president.
Incumbent President, Williams Akporeha, announced his exit date at the weekend during the Quarterly National Executive Council meeting of Petroleum Tanker Drivers Branch, PTD-NUPENG in Warri, Delta State.
Former National Chair of PTD-NUPENG and National Trustees of the union, Salimon Oladiti will be elected as president of NUPENG in Lagos.
The election of Oladiti will mark the first time in NUPENG a member of the PTD branch will be president.
During the meeting, Zonal Chair of PTD-NUPENG in Port Harcourt, Joseph Okafor, moved the motion for unanimous ratification of Oladiti for president, seconded by Adekunle Akinlaja of Lagos zone.
News
FG Unmasks 60 Persons and Corporates Behind Terrorism Financing, Order Banks To Freeze Their Accounts
The updated sanctions list is part of a crackdown on financial networks supporting extremist groups, particularly following investigations into Bureau De Change (BDC) operators and other entities.
The Federal Government on Saturday released a list of 48 individuals and 12 corporate entities allegedly linked to terrorism financing in Nigeria, as part of ongoing efforts to curb the funding of extremist activities.
The Federal Government also directed financial institutions to freeze all accounts and assets associated with these individuals and firms.
The list, published on the website of the Nigeria Sanctions Committee (NIGSAC), disclosed the nationalities of those named, their specific roles, and the terrorist groups they were allegedly connected to.
The Nigeria Sanctions Committee (NIGSAC) operates under the authority of the Office of the National Security Adviser (ONSA), which coordinates its activities within the national security framework.
Its core mandates include the implementation of United Nations sanctions—particularly those targeting terrorism financing—ensuring compliance with international obligations, and facilitating coordination among agencies such as financial intelligence, defense, and foreign affairs.
Those named in the latest released include Abdulsamat Ohida, Mohammed Sani, Abdurrahman Abdurrahman, Fatima Ishaq, Tukur Mamu, Yusuf Ghazali, Muhammad Sani, Abubakar Muhammad, Sallamudeen Hassan, Adamu Ishak, Hassana Isah, Abdulkarim Musa, Umar Abdullahi, Abdurrahman Ado, Bashir Yusuf, Ibrahim Alhassan, Muhammad Isah, Salihu Adamu, Surajo
Mohammad, Fannami Bukar, Muhammed Musa, Sahabi Ismail, Mohammed Buba, Jama’atu Wal-Jihad, Ansarul Sudan (ANSARU), Islamic State West Africa Province (ISWAP), Indigenous People of Biafra (IPOB), Yan Group, Yan Group NLBDG, Adamu Hassan, Hassan Mohammed, Usman Abubakar, Kubara Salawu, Rabiu Suleiman, Simon Njoku, Godstime Iyare, Francis Mmadubuchi, John Onwumere, Chikwuka Eze, Edwin Chukwuedo, Chiwendu Owoh, Ginika Orji, Awo Uchechukwu, Mercy Ali, Ohagwu Juliana, Eze Okpoto, Nwaobi Chimezie, and Ogumu Kewe.
The entities listed include West and East Africa General Trading Co. Ltd, Settings Bureau De Change Ltd, G. Side General Enterprises, Desert Exchange Ventures Limited, Eagle Square General Trading Co. Ltd, Alfa Exchange BDC, Alin Yar Yaya General Enterprises, K. Are Nigeria Limited, Suhailah Bashir General Enterprises, Igwe Ka Ala Enterprises, Seficuvi Global Company, and Lakurawa Sect.
-
News2 days agoFG Unmasks 60 Persons and Corporates Behind Terrorism Financing, Order Banks To Freeze Their Accounts
-
Entertainment15 hours agoTuface, Laolu Gbenjo, others set to electrify Vanguard Personality of the Year Award
-
News14 hours agoNAF Jilli Airstrike: Bomb Don’t Know Who’re Terrorists
-
News15 hours agoNUPENG Braces Up for Leaderships Change
-
News3 days agoBreaking: INEC postpones voter revalidation exercise till after 2027 elections
-
Entertainment13 hours agoAsha Bhosle: Bollywood’s legendary singer dies aged 92
-
Politics2 days agoPolice reopens, handover PDP Hqtrs to Wike backed Faction
-
Politics14 hours agoHayatu-Deen joins ADC Party
