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March 4, 2024 Call for Transparency: Falana Urges Review of Fuel Subsidy Policy

Call for Transparency: Falana Urges Review of Fuel Subsidy Policy

Human rights advocate Femi Falana (SAN) is urging the Federal Government to reevaluate its fuel subsidy removal policy following allegations of continued payments. Despite President Bola Tinubu's declaration ending the subsidy era upon his inauguration, recent assertions from the World Bank and Robert Dickerman, CEO of Pinnacle Oil and Gas Limited, suggest otherwise.

Falana, in a statement issued on Sunday, highlighted the need for the government to address these claims and reconsider the policy. He pointed out the absence of provisions for fuel subsidy in the 2023 and 2024 Appropriation Acts, emphasizing the urgency for transparency regarding fuel importation.

Notably, the Nigerian National Petroleum Corporation Limited has not refuted the allegation of reinstated fuel subsidies. Falana called for swift clarification from the government to dispel the opacity surrounding fuel importation.

The administration's shift from proclaiming subsidy removal to spending a significant sum on "under-recovery" over eight years raises concerns. Falana questions the logic of enduring hardship caused by subsidy removal, particularly if substantial amounts are still being spent on it monthly.

In light of these developments, Falana advocates for a review of the subsidy policy in the best interest of Nigerians. If the government is indeed allocating considerable funds to fuel subsidies, it underscores the necessity for a reassessment to alleviate the burdens on the populace.

February 5, 2024 Minna Residents Stage Protest Against Soaring Living Costs

Minna Residents Stage Protest Against Soaring Living Costs

On Monday, residents of Minna, the capital of Niger State, took to the streets to express their dissatisfaction with the high cost of living in Nigeria, causing disruptions on major roads in the city. The protesters, comprising women and youths, passionately chanted protest songs, drawing the attention of onlookers, including police officers.

The demonstrators voiced their grievances, citing the escalating prices of essential food items and what they perceived as inadequate government efforts to address the situation. Their decision to block major roads was a collective attempt to make the government listen to their concerns.

Niger State's Deputy Governor, Yakubu Garba, addressed the protesters, acknowledging the challenges faced by families due to the current economic conditions. He assured them that the government is actively working to alleviate the cost of living and mitigate the impact of the removal of petrol subsidies.

In a related development, a war of words erupted between the president and former Vice President Atiku Abubakar on Sunday. Atiku, the 2023 presidential candidate of the People’s Democratic Party (PDP), lamented the prevailing hunger in the country, citing the increasing inaccessibility of basic commodities like bread for average Nigerians in a post on X (formerly Twitter).

In a swift response, Bayo Onanuga, the Special Adviser to the President on Information and Strategy, accused Atiku of assuming the role of a poor opposition-in-chief. Onanuga defended President Bola Tinubu's economic reforms, acknowledging that they might cause immediate discomfort but asserting that they would ultimately lead to prosperity in the medium and long term.

January 4, 2024 No Increase In Petrol Pump Price – NNPCL

No Increase In Petrol Pump Price – NNPCL

The Nigerian National Petroleum Company (NNPC) Limited has denied reports that it plans to increase the price of premium motor spirit petrol to 1,200 Naira per litre.

Reports emerged yesterday that NNPC will announce a new fuel price increase across the country, a situation that caused uproar on social media.

Reacting to the report, however, the NNPCL, in a statement signed by the Group Communications Officer, Olufemi Soneye, completely disassociated itself from such reports.

NNPCL noted that the company has no plans to increase the commodity's price, urging Nigerians to ignore statements otherwise.

Soneye also denied that the NNPC disputed an alleged subsidy on Premium Motor Spirit (PMS) with independent petrol marketers.

There were reports that fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria clashed with the NNPC over whether the government was still paying subsidies.

June 2, 2023 Dangote, PH Refineries, Others Won’t Change Fuel Price

Dangote, PH Refineries, Others Won’t Change Fuel Price

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has expressed optimism that the fuel queues across the country will subside in the next two days.

Speaking in an interview on the current fuel crisis which has seen Nigerians queue long hours for the commodity, Kyari assured Nigerians that the situation won’t lastbecause the NNPCL has sufficient supply.

He said panic buying fueled by uncertainty will subside soonest with the know ledgedthat there is certainty of the commodity.

Speaking earlier Kyari, noted that after its realization that the government does not have the money to funds subsidy, it had to increase the pump price to enable it continue to supply the product.

 

 

 

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