Connect with us

Uncategorized

FG plans to spend ₦900bn on fuel subsidy in 2022

Published

on

The Federal Government has projected to spend N900bn on fuel subsidy to be paid to oil marketers in 2022 in order to maintain the current pump price of N162 per litre.
Minister of Finance Budget and National Planning, Zainab Ahmed, disclosed this on Thursday at presentation of the Medium-Term Expenditure Framework/Fiscal Strategy Paper for 2022-2024 in Abuja.
She also said the Federal Government would spend N13.98tn in the 2022 fiscal year.
In 2022, the government said it would slash capital expenditure to N3.61tn in 2022, from the N4.37tn approved for 2021.

Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has declared that the country can no longer sustain subsidy, insisting that the corporation has been burdened by the fuel subsidy dilemma even without budgetary provisions.

He said, “The issue needs the help of not only this committee, but also of the National Assembly to achieve results in ensuring that the price of petrol is not regulated and have a framework that will protect Nigerians from undue exploitation.
“We know the way to resolve the subsidy issue is to ensure that PMS is fully deregulated. It is a policy issue, which I am also aware that the National Assembly is involved in some of the engagements to make sure that we have a lasting exit.
“That is the solution to the subsidy dilemma. What is happening now is that NNPC buys the product at a price higher than the N162. We practically discount and sell to marketers, because we can’t shift from the current price to the market price.”

Uncategorized

CJN orders sanction against judge over criminal summons on Soludo

Published

on

Chief Justice of Nigeria, Ibrahim Muhammad, has ordered a disciplinary action against the Upper Area Court Judge for issuing a direct criminal summons against Prof. Charles Soludo, an ex-Central Bank of Nigeria governor.

The judge issued the criminal charges against the governorship candidate of the All Progressives Grand Alliance (APGA) for the Anambra State poll over alleged serial abuse of office and breach of code of conduct for public officers when he was CBN governor between May 29, 2004, and May 29, 2009.

The judge had on August 23, 2021 issued a direct criminal summons against Soludo over perjury, corruption, and false assets declaration, which is completely outside the jurisdiction of the Upper Area Court.

Trial on criminal charges on false declaration of assets is exclusively vested in the Code of Conduct Tribunal but the Upper Area Court Judge assumed jurisdiction contrary to the provisions of the 1999 Constitution.

The Judicial Service Commission billed to discipline the judge is under the chairmanship of the Acting Chief Judge, Hussein Baba Yusuf.

The CJN had met with chief judges of the FCT, Rivers, Kebbi, Cross River, Jigawa, Anambra, and Imo states on Monday, September 6, 2021, and directed some of them to admonish the judges in their jurisdictions on the danger of granting ex parte injunctions.

The acting Chief Judge of the FCT is expected to submit his findings to the CJN within 21 days.

 

Continue Reading

Uncategorized

Buhari appoints Fatima Waziri-Azi as NAPTIP DG

Published

on

President Muhammadu Buhari has approved the appointment of Fatima Waziri-Azi as the director-general of the National Agency for Prohibition of Trafficking in Persons (NAPTIP).

She replaces Basheer Mohammed as the head of the agency.

The appointment was confirmed on Wednesday in a statement signed by Garba Shehu, senior special assistant on media and publicity to the President.

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, reportedly recommended Waziri-Azi for the appointment.

Farouq was said to have expressed the “urgent need for the ministry to intensify the existing capacity in the NAPTIP to achieve its key result areas as identified.”

Waziri-Azi’s recommendation was reportedly based on her “pedigree, vast experience and proven track record to drive the agency forward and consolidate on what has been achieved so far.”

The new NAPTIP DG is a former head of the Department of Public Law at the Nigerian Institute of Advanced Legal Studies.

She is an advocate against domestic and sexual-based violence.

Continue Reading

Uncategorized

7 Family Members Of Kajuru Emir Freed After 2 Months In Captivity

Published

on

Seven family members of Alhaji Alhassan Adamu, the emir of Kajuru, have regained freedom after two months in captivity.

They were released on Wednesday after an undisclosed ransom payment.

Among those released are three women, three male and an infant ‎

Daily Trust had reported how bandits stormed the emir’s residence on July 11, 2021, and abducted him alongside 12 others.

But he was released 24 hours after the abduction.

Confirming the release of the victims, a title holder in the emirate, Dan Iyan Kajuru Saidu Musa, said children and grand children of the emir were still in captivity.

The monarch had shed tears publicly when his subject welcomed him shortly after his release.

Continue Reading

Trending