Connect with us

News

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

Published

on

386 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

FG to reopen Enugu–Onitsha expressway March 31

Once regarded as one of the region’s most dangerous highways, the Enugu–Onitsha Road had long been plagued by tanker explosions, fatal accidents, and economic disruptions. Umahi said decisive intervention by the Tinubu administration has changed the trajectory.

Published

on

By

20 Views

The federal government directed that the Enugu–Onitsha Expressway be reopened for public use on or before March 31.

Minister of Works, Senator David Umahi, declared during an inspection of ongoing projects in Enugu, including the Enugu–Onitsha Expressway and the Eke-Obinagu Flyover.

Umahi said :

“I have given the controller the authority. By the 31st or before, he should call the press to open this road.

Call the people of South-East, let them know that this road is open for travel, and that will be our Easter celebration.”

Umahi expressed confidence that the era of frequent fatal accidents, endless traffic, and public frustration along the expressway is coming to an end.

“I’m going around the six geopolitical zones assessing what is possibly to be commissioned before May 29 by the president. There are mega projects that the president will be available for before May 29, and we mean it,” he said.

Once regarded as one of the region’s most dangerous highways, the Enugu–Onitsha Road had long been plagued by tanker explosions, fatal accidents, and economic disruptions. Umahi said decisive intervention by the Tinubu administration has changed the trajectory.

Continue Reading

News

Nigeria partner Japan to redevelop Abuja Master Plan

It is very key for us because I know the design of Abuja was done by Japan, and now they need to look at it again in order to carry out further structural development.

Published

on

By

19 Views

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, announced a strategic partnership with the Government of Japan to change the 1979 Abuja Master Plan.

The move, aimed at aligning the city’s growth with modern realities through the year 2050, was the highlight of a courtesy visit by a high-level Japanese delegation to the FCT Ministry on Tuesday.

The delegation was led by the Japanese Ambassador to Nigeria, Mr. Suzuki Hideo, and the Chief Representative of the Japan International Cooperation Agency (JICA) Nigeria, Mr. Ishigame Keiji.

During the meeting, Barrister Wike expressed profound appreciation for Japan’s historical and technical contributions to Nigeria.

He emphasised that the original blueprint of the FCT owes much to Japanese expertise.

“On behalf of the FCT Administration, I appreciate the relationship between Nigeria and Japan,” Wike said.

“I am fully aware of the projects through JICA. It is very key for us because I know the design of Abuja was done by Japan, and now they need to look at it again in order to carry out further structural development.”

Continue Reading

News

Minister of Power Apologise To Nigerians Over Blackouts

“I can tell you, with the committee that we have set up, and commitments from gas suppliers, and the timeline for repair of the gas pipelines, two weeks from now, we should start seeing improvements in supply. Two weeks,” Adelabu said.

Published

on

By

23 Views

The Minister of Power, Adebayo Adelabu, has apologised to Nigerians over the prolonged and severe electricity outages recorded in recent weeks across the country.

He acknowledged the strain the outages have caused on households and businesses in key sectors of the economy.

“I want to apologise to Nigerians, officially now, coming from me as the Minister of Power, for this temporary issue that is leading to hardship being experienced, especially during this dry season, where there is so much heat everywhere,” Adelabu said at a press briefing in Abuja on Tuesday

He admitted that the ongoing blackouts has worsened living conditions, particularly during the intense dry-season heat.

“Businesses are being affected, schools have been affected, and industries have been affected. It is not our wish to find ourselves in this situation, but it is due to some factors that are actually beyond our control, ”said Adelabu.

Despite the disruptions, Adelabu assured citizens that the situation would soon improve, offering a clear timeline for restoration of better power supply.

“I can tell you, with the committee that we have set up, and commitments from gas suppliers, and the timeline for repair of the gas pipelines, two weeks from now, we should start seeing improvements in supply. Two weeks,” Adelabu said.

Continue Reading

Trending