…As FG Proposes Extension Of Fuel Subsidy Removal By 18 Months, Seeks To Amend PIA
The Nigeria Labour Congress (NLC) has vowed to continue with its planned nationwide rally on Thursday, despite the announcement by the Federal Government that it would no longer remove the fuel subsidy for now.
NLC Deputy President, Joe Ajaero, during an interview on Channels Television breakfast programme Sunrise Daily, explained that the rally is aimed at sensitising Nigerians.
“NLC is still standing on its position,” he said on Tuesday. “The Federal Government didn’t say they have abolished it, they are postponing the evil day.
“What we are doing is sensitisation of Nigerians on this fuel subsidy removal or so-called increase in the pump price of petroleum products.”
The labour leader further explained the reasons for the sensitisation, claiming that the fuel subsidy removal was about inflicting more suffering on Nigerians.
“The NLC is sensitising Nigerians that this is not sustainable; that the idea of fuel subsidy is a hoax which they are using to inflict pains on Nigerians.
“So, our planned rally stands. On the 27th of January 2022, we rally nationwide, including the FCT,” he added.
Ajaero argued that the rally has become necessary to alert members of the NLC on perennial hike in the pump price of petrol and other refined petroleum products.
“We need to put our foot soldiers at alert on any eventual action on this issue of increase in the pump price of petroleum products from the current price to over N300 per litre,” he stressed.
The Federal Government had earlier announced the suspension of the planned removal of fuel subsidy.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, had on Monday said the government had suspended the plan to remove fuel subsidy.
She explained that the government would make provisions for fuel subsidy beyond its initial June deadline in the 2022 budget.
Meanwhile, 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.
8,373 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,”
253 total views, 253 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.
369 total views, 369 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.
1,660 total views, 1,421 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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