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BREAKING: FG Proposes Extension Of Fuel Subsidy Removal By 18 Months, Seeks To Amend PIA

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The Federal Government is proposing to extend the period for the implementation of the removal of subsidy on Premium Motor Spirit (PMS), popularly known as petrol, by 18 months.

The Minister of State for Petroleum Resources, Mr Timipre Sylva, announced this on Tuesday while briefing State House correspondents in Abuja.

He disclosed that the government has concluded plans to approach the National Assembly to amend the Petroleum Industry Act (PIA).

“We are proposing an 18-month extension but what the National Assembly is going to approve is up to them,” the minister said. “We would approve an 18-month extension and then it is up to the National Assembly to look at it and pass the amendment as they see it.

“With assent by the President on August 16, 2021, the PMS subsidy removal was therefore expected to take place effective February 16, 2022. However, following extensive consultations with all key stakeholders within and outside the government, it has been agreed that the implementation period for the removal of the subsidy should be extended.

“This extension will give all the stakeholders time to ensure that the implementation is carried out in a manner that ensures all necessary modalities are in place to cushion the effect of the PMS subsidy removal, in line with prevailing economic realities.

“The President assures that his administration will continue to put in place all necessary measures to protect the livelihoods of all Nigerians, especially the most vulnerable.”

Sylva, who chairs the PIA Implementation Committee, stressed that the decision of the executive arm of government to seek an amendment of the law was not politically motivated.

Rather, he explained that such a move has become necessary to halt the potential suffering of the vulnerable in the society.

The minister believes other measures such as the Dangote refinery, the Port Harcourt refinery, and other modular refineries will have significantly come on stream by the end of the year.

According to him, the new PIA provides for unrestricted market pricing for PMS from the effective date.

Sylva, however, stated that the PIA also envisaged the potential for supply disruption with its resultant effect on the economy.

“Consequently, it provides for a window of six months from the effective date for the government to request the services of NNPC Limited as the supplier of last resort.

“This is to forestall supply disruptions and guide market readiness preparatory to migration to the deregulated pricing regime,” he added.

President Muhammadu Buhari, he stated, has assured Nigerians that his administration would continue to put in place all necessary measures to protect the livelihoods of the citizens, especially the most vulnerable.

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I’m Not Desperate To Be President – Peter Obi

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Former Governor of Anambra State, Peter Obi, on Friday said he is not desperate to be President.

Mr Obi made the comment while appearing on Channels Television’s Politics Today.

According to Mr Obi, he left the Peoples Democratic Party for the Labour Party because the former did no longer align with his political values.

“I’m not desperate to be President or anything,” he said. “I’m desperate to see Nigeria work. Especially for the youths of this country.

“I’ve moved to where I think the process might allow me.

“I would rather lose doing the right thing than win doing the wrong thing. My politics have been consistent in character and integrity.”

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JUST IN: APC Postpones Presidential Primaries To June 6-7

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The All Progressives Congress (APC) has postponed its presidential primary election to Friday, June 6 and Saturday, 7.

The APC announced the postponement after the Independent National Electoral Commission (INEC) on Friday evening bowed to pressure by political parties to extend the dates for the conduct of primary elections.

INEC in a statement on Friday, extended the dates for primaries by six days.



Details later…

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I’ll Have Up To 12 Wives Before 40, Singer, Portable Brags Amid Headies Saga

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Habeeb Okikiola, the fast-rising Nigerian singer better known as Portable, says he would have up to 12 wives before he clocks 40.

The 27-year-old controversial musician spoke in a video shared via his Instagram page on Friday.

In the video, Portable boasted that he currently has six wives even though he is still below 30.

“I never reach 30, I don get six wives and plenty children. Before I reach 40, my housewives would be up to a dozen (12). I am not 30 and I already have six. I just want to inform you so you would be aware,” he said in a mixture of English and Pidgin.

Portable came into the limelight towards the end of 2021 on the back of his hit track ‘Zazoo Zeh’ featuring Olamide, the rapper, and Poco Lee, the dancer.

He was recently nominated for the ‘Rookie of the Year’ and ‘Best Street-Hop Artiste’ categories at the 2022 edition of the Headies.

While the singer has continued to enjoy fame, he has also made headlines for controversial reasons.

On Wednesday, Portable claimed his co-nominees at The Headies are no match for him. He also threatened to kill anyone who wins any of the categories in his place.

In it’s reaction, organisers of the annual awards on Friday threatened to disqualify the singer if he fails to retract his statement and issue an apology on his social media pages.

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