The National Economic Council in Nigeria says deliberations on the issue of subsidy on premium motor spirit are ongoing and that no decision has been taken on it.
Governor Godwin Obaseki of Edo State, Southern Nigeria, stated this while briefing State House correspondents on Thursday after the meeting of the Council presided over by Vice President Yemi Osinbajo.
Obaseki says the NEC ad-hoc committee headed by Governor Nasir El-Rufai of Kaduna State, North West Nigeria, has been working on the issue, but insisted that the Council has not taken a decision yet.
“The issue of subsidy has been one matter that NEC has deliberated on for more than a year now.
“There was an ad-hoc committee which was set up by NEC, headed by Gov. El-Rufai that included members of the executive arm of government that worked on recommendations as to what we should do about the cost of PMS locally because as has been told us the cost of pms in Nigeria today is about N162 for a litre whereas every other country surrounding Nigeria is selling the product at more than 100% of the cost in Nigeria.”
According to Obaseki, the huge amount Nigeria spends on subsidy could have been put on the provision of amenities in the country.
“The country as at last year spent in excess of—we must have the exact figures—but we must have spent almost N2trillion subsidizing petroleum products.
“That is money that could have gone into building roads; money that could have gone into healthcare and education.
“So, for NEC, the argument has been put out: should we continue this regime of spending money that we do not have to subsidize the living standard of mostly those who have vehicles.
“When NEC looked at some of the analysis last year, we then realized that less than 1/3 of the states in this country consume 2/3 of the subsidy.
“So the issue of equity also came up. All of these findings were presented to the NEC and NEC has had deliberations on still ongoing.
“So, NEC has not come up with any decision yet and I think has also been made to the president.”
1,870 total views, 3 views today
‘This Is Stranger Than Fiction’, Momodu Consoles Banky W After Controversial Defeat At PDP Primary
Ovation magazine boss, Dele Momodu, has consoled singer cum politician, Banky W who lost Eti-Osa primary at the just concluded PDP primary election.
Recall that Activist and convener of Concerned Nigerians, Deji Adeyanju revealed that Banky W was denied of the PDP ticket after being previously declared the winner to represent the party as its House of Representatives candidate in the upcoming 2023 elections.
Deji Adeyanju tweeted “PDP is cursed. Banky W didn’t get the ticket according to their latest evil scheme, all they care about is dollars…Kai, I’m sincerely tired of this country. We are in serious mess. The generation of our children are in trouble.”
Reacting to sad news, Dele Momodu who recently purchased the N40 million presidential form of the Peoples Democratic Party, PDP, shared a video clip where he was consoling the singer and wrote that Banky W’s case is ‘stranger than fiction’.
“Just ran into my very dear Brother MR BANKOLE WELLINGTON and what he’s telling me is stranger than fiction…”,he wrote.
He however encouraged the singer in the video clip, saying, “Don’t worry,”
15 total views, 15 views today
Breaking: 2023: Hayatu-Deen Withdraws From PDP Presidential Race
…Says Primary “Obscenely Monetised”
A former Managing Director and Chief Executive of FSB International Bank, Mohammed Hayatu-Deen has withdrawn from the Peoples Democratic Party (PDP) Presidential race.
PDP National Convention to elect a 2023 Presidential candidate out of the 15 aspirants is slated for today, in Abuja.
The foremost Economist and Banker, in a letter addressed to the PDP National Chairman, Iyorchia Ayu, said interacting with Nigerians from all walks of life had reinforced his resolve that Nigeria must be saved, otherwise the future is doomed.
He lamented that for years he observed with great concern and sorrow the recent rapid deterioration of all aspects of Nigeria’s national life characterised by increasing poverty, religious intolerance, banditry and kidnapping, monumental oil theft, corruption, mismanagement of national assets, communal and religious strifes and near collapse of public services and public institutions.
Hayatu-Deen said he planned to ensure that the great potential that had become the hallmark of Nigeria’s development paradigm should be actualized during his presidency.
He alleged that the primary had been “obscenely monetised”.
The renowned economist said he planned to make Nigeria the continental economic powerhouse, which would guarantee high quality of life to most Nigerians.
The foremost Banker said his ambition was driven by passion and commitment to rescue Nigeria which is on the verge of collapse.
He said “My exposure locally and internationally and contributions to the nation’s economic and political well being positioned me to take up the challenges facing our dear nation and the courage to participate in this gruelling exercise which most of our elites have shunned away from. Regrettably, the political system has proved to be acrimonious, corrupt and self-serving.
“I joined the contest as a democrat, with an open mind to keenly contest and accept the result of a process that is fair, credible and transparent
“We have endeavoured to forge a consensus which would have facilitated a seamless emergence of a candidate which unfortunately could not be achieved.
“I wish to reiterate that I did not join party politics and to contest for the presidency because of personal gains and inordinate ambition, but to serve our country.
“It is, therefore, based on personal principles and with great humility that I have decided after wide consultations to withdraw from this contest which has been obscenely monetized”.
Hayatu-Deen assured that as a very loyal party member and believer in the democratic process, he’ll continue to avail himself and his teeming supporters at all times to ensure the victory of the PDP.
248 total views, 248 views today
2023: Peter Obi Blows Hot, Insists He’s Not Desperate To Be President
…I’m Not A Saint, But Go And Check My Records, Ex-Anambra Gov Blasts Wike Over Integrity ‘Attack’
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.
He also retorted that no one can question his integrity over management of public funds/office as he did his best and the records show it.
Obi in a statement on Friday submitted that leaving the Peoples Democratic Party (PDP) does not bring his integrity into question or disrepute in any form.
Obi made the submission as a response to Rivers State Governor, Nyesom Wike who had earlier on Thursday during a TV interview stated that Obi’s decision to dump the PDP a few days to the presidential primaries shows a lack of character and integrity.
But replying Wike’s statement, Obi during an interview on Channels Television Politics Today on Friday said his only offence while in office was refusing to mismanage public funds, hence no one can call him out for lack of integrity.
Obi added that even when has was offered some ‘juicy packages’ while in office, he rejected them and opted to live within his means.
According to him, the politics of sharing money has never been a part of him.
“Wike talks about the issue of integrity. He said my leaving the PDP questioned my integrity, I don’t know how that came about. When we talk about integrity, we talk about it in the management of public assets.
“That is what we should be talking about in this country and when such things are mentioned about me, I feel maybe there is something missing somehow. Go and check my record as a governor, I was impeached for three reasons, one, my office had an approved budget for renovation for N298m and I renovated everything with N43,2m.
“My lodge, to renovate where I live, I got a budget of N486m, I did everything with N81m. Number three is that I was saving money without the approval of the House. From day one I said we must save money, for 8 years I was governor, go and ask any contractor that sat with me whether I inflated any contract,” Obi declared.
He added that the evidence of his integrity and character in managing public funds is the N75 billion he left behind when he left office after eight years as Governor.
“When I left office, I left N75bn as at that time because it is public money and I am managing it on public trust. For me when you talk about integrity, it questions your management of public funds and resources.
“Go to Anambra State today, I have no land given to me by the Anambra State Government, My managing director of my housing authority, Mike Nwafor, is still alive, he gave me land and two houses and I rejected them. Nobody has ever seen me in my political life sharing money at any time. I am not saying I am a saint, but I did things which I believe were right,” Obi added.
1,538 total views, 1,299 views today
- ‘This Is Stranger Than Fiction’, Momodu Consoles Banky W After Controversial Defeat At PDP Primary
- Breaking: 2023: Hayatu-Deen Withdraws From PDP Presidential Race
- 2023: PDP NWC To Meet Presidential Aspirants Today
- 2023: Peter Obi Blows Hot, Insists He’s Not Desperate To Be President
- I’ve No Plan To Leave Tottenham, Says Conte
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