FG has not reintroduced fuel subsidy — APC – Newstrends
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FG has not reintroduced fuel subsidy — APC

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8 months ago

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FG has not reintroduced fuel subsidy — APC

The ruling All Progressives Congress APC has dismissed concerns that the President Bola Tinubu administration may have reintroduced fuel subsidy through the back door, saying the government only intervened to ensure some measure of price stability and predictability.

There had been reports that the Administration spent N169.4 in August to keep the fuel pump price at N620.

While the opposition latched onto the discovery to castigate the Tinubu administration, the APC on Monday night said such humongous payments do not amount to a reintroduction of subsidy.

The ruling party equally chastized Phrank Shaibu, Media Aide to the Presidential Candidate of the Peoples Democratic Party PDP, Alhaji Atiku Abubakar for purveying “fake news” and engaging in “other inanities” just to discredit President Bola Tinubu’s administration.

“Shaibu’s claim that fuel subsidy is back is not correct. Government’s intervention to ensure some measure of price stability and predictability does not amount to return of the ruinous fuel subsidy of recent past”, APC stated.

APC spokesman, Felix Morka in a statement on Monday night said Shaibu “in an unfledged statement…outed himself in his warped and misleading suggestion that the APC-led Administration was hoodwinking Nigerians by propaganda”.

Morka said on Shaibu’s “pathological and cynical flippancy”, he delved into matters he clearly does not understand or lacks the constitutive capacity to understand as a result of post-electoral traumatic stress disorder (PeTSD) arising from his boss’ serial electoral failure.

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“Unsurprisingly, Shaibu’s only ‘evidence’ for such an arrant conclusion is that President Bola Ahmed Tinubu has appointed more media aides than economic and security advisers, conveniently glossing over the fact that Mr. President was swift in rejigging the security architecture and repositioning the Armed Forces for optimal performance in defence of lives and property.

“Certainly, he does not understand the issues and the interplay of statecraft and economic management initiatives by President Tinubu to remove age-old distortions and contradictions, accelerate and solidify all round recovery and prosperity for our country.

“That Shaibu described as ‘lies’, the administration’s courageous decisions to remove fuel subsidy, harmonize the foreign exchange regimes and sign into law the Students’ Loan Act, only buttresses his poor understanding of economic development and governance. That the fine details of these visionary and people-centred policies are still being worked out and have yet to run their due course cannot and do not negate their valid objectives and potential transformative impact. The President has dutifully appointed experienced and highly skilled professionals to key institutions of the economy, including the Ministry of Finance, Central Bank of Nigeria CBN, and Federal Inland Revenue Service FIRS and created the Ministry of Marine and Blue Economy in a patriotic zeal to reposition and grow the economy.

“Lifting the Visa ban on Nigerians by the United Arab Emirates UAE authorities should ordinarily make any well-meaning Nigerian happy. Diplomatic rapprochement between Nigeria and UAE authorities is ongoing and details of outcomes will soon be made public.

“The matter of the proposed meeting with United States of America President Joe Biden does not even require elaboration. Having met with President Tinubu on the sidelines of the G-20 Nations summit in India, another meeting with President Biden during the United Nation’s General Assembly UNGA had become unnecessary and was not even on President Tinubu’s schedule, contrary to preliminary indications on the matter”, said the APC spokesman.

FG has not reintroduced fuel subsidy — APC

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British High Commission shuns Prince Harry, Meghan ceremonies in Nigeria

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3 hours ago

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May 11, 2024

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Prince Harry and Meghan Markle

British High Commission shuns Prince Harry, Meghan ceremonies in Nigeria

Prince Harry and Meghan Markle’s visit to Nigeria has stirred up disquiet at the British High Commission in Abuja, as their presence went unacknowledged by relevant officials.

Despite the couple’s arrival in the populous nation and various welcoming activities, including meetings with military authorities and dignitaries, the British High Commission’s social media handles remained silent on their visit.

British High Commissioner to Nigeria, Richard Montgomery, clarified in an interview that the visit was in a private capacity and not arranged or facilitated by the commission. Hence, they were not representing the UK government’s work during their time in Nigeria.

During their visit to Kaduna, Prince Harry emphasized the importance of sports in the rehabilitation of wounded soldiers, focusing on meeting with Nigerian armed forces veterans.

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The couple’s decision to step down as senior royals in 2020, amidst frustrations over media intrusion and restrictions on developing their brand, “SussexRoyal,” was highlighted. They retained their titles but relinquished their royal highness status and Harry gave up his military titles.

Allegations surfaced regarding Prince Harry’s absence from a flight that carried other royal family members to visit Queen Elizabeth II before her passing. Reports suggest an argument ensued due to Harry’s insistence on bringing Meghan Markle to Balmoral, causing him to miss the flight.

The visit to Nigeria served as an opportunity for Prince Harry and Meghan Markle to engage with wounded veterans and promote rehabilitation efforts, despite the absence of official acknowledgment from the British High Commission.

British High Commission shuns Prince Harry, Meghan ceremonies in Nigeria

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Soldiers killing: Okuama returnees collapse on seeing destroyed homes

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3 hours ago

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May 11, 2024

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Soldiers killing: Okuama returnees collapse on seeing destroyed homes

On returning to Okuama-Ewu community in Ughelli South Local Government Area, Delta State, following the withdrawal of the Nigerian Army, many residents, particularly mothers, collapsed upon seeing their homes in ruins.

A report by Vanguard which visited the community revealed a distressing scene as some residents experienced a sudden rise in blood pressure upon witnessing the extent of the destruction, requiring hours to recover. Amidst the chaos, returning villagers expressed bewilderment and sorrow over their situation.

Sixty-five-year-old Maria Adam, who fled Okuama-Ewu in March only to return in May, described her shock, saying, “On arrival when I saw the level of destruction, I fainted and was revived because I suffered hypertension.” She recounted the loss of her belongings and appealed for government assistance, expressing uncertainty about rebuilding their lives.

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Similarly, Vero Joseph, a 68-year-old farmer, shared her dismay upon seeing the devastation, stating, “On arrival at the community and seeing the devastation, I fell terribly sick; nothing is left here.” She detailed the destruction of homes and essential items, emphasizing the challenges of starting anew but expressed a preference for returning to her hometown over seeking refuge elsewhere.

Fifty-two-year-old farmer Florence Ekiroro collapsed at the jetty overwhelmed by the realization of their homelessness, saying, “I collapsed at the jetty because we have become homeless.” She described the loss of essential belongings and rejected the idea of relocating to an IDP camp, citing the unfavorable conditions compared to their community.

Victoria Paul, a 58-year-old trader and farmer, recounted her ordeal, stating, “On arrival and seeing the gravity of damages, I fainted but was revived.” She lamented the destruction of her provisions business and personal belongings, despite finding solace in her community and beginning fishing to sustain her family.

Grace Okoye, a 55-year-old trader and farmer, expressed deep distress over the loss of her possessions, including her children’s academic documents and savings. She said, “On return, I feel very distressed and because everything I have had been destroyed. What pained me most were my children’s results and my building. I lost my boxes of wrappers and N200,000 cash in the house.

Soldiers killing: Okuama returnees collapse on seeing destroyed homes

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Fuel scarcity will be over soon, says Senate leader

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3 hours ago

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May 11, 2024

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Senate Leader Opeyemi Bamidele

Fuel scarcity will be over soon, says Senate leader

Senate Leader Opeyemi Bamidele provided reassurance to Nigerians that the ongoing fuel crisis will soon be resolved, expressing this commitment during an interview at the Oil Technology Conference in Houston, Texas.

Bamidele emphasized the legislature’s dedication to addressing fuel scarcity and long queues at filling stations, highlighting plans to engage additional private-sector entities in constructing new refineries.

“The Senate is working to ensure that more private-sector players are licensed to own and operate refineries. This is to support other smaller ones that are springing up in several parts of the country.

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“In addition to licensing new refinery operators, the Federal Government and Senate are working to ensure that the existing refineries are turned around with repairs and replacement of parts carried out where necessary,” he said.

Bamidele said the Senate had received an assurance from the Nigerian National Petroleum Company Limited that two of its refineries in Warri and Port Harcourt would come on stream before the end of the year.

He also noted that the commitment to licensing new refinery operators and revitalising existing refineries remained vital for increasing domestic oil production.

Opeyemi maintained that the focus was to ensure that Nigeria meets its OPEC production quota.

Fuel scarcity will be over soon, says Senate leader

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