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Petrol price: Akpabio urges Nigerians to reduce number of cars
Petrol price: Akpabio urges Nigerians to reduce number of cars
Senate President, Godswill Akpabio, has advised Nigerians groaning over high price of fuel to tighten their belts as well as reduce the number of vehicles in their garages.
The Nigerian National Petroleum Company Limited on Wednesday instructed its retail outlets to increase the price of premium motor spirit, popularly called petrol to N1,030 from N897 per litre in Abuja and from N868 to N998 per litre in Lagos.
The price of petrol has risen by over 430 per cent from May 29 when President Bola Tinubu took over power and made the announcement that “fuel subsidy is gone.”
Speaking on the latest fuel price increase while addressing journalists in Abuja, the Senate President said the nation’s oil and gas sector had been fully deregulated, hence market forces would determine the price of petrol.
He told Nigerians to spend less pending the time the supply of the products would increase across the country.
“On the recent increase in pump price of petroleum, I haven’t actually assessed what is happening in terms of pump price increase, but it’s not pump price increase, it’s deregulation.
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“If you are taking away the consumer subsidy and then you want people to pay for the actual price of what we consume, it means if you have five cars you will now use one or two.
“It simply means that you are going to stop the idea of subsidy in order to make sure that the monies are used for other things. So I don’t expect any increase in pump price.
“I will expect the market forces to determine prices. I would expect that now that the NNPC is no longer going to bring petroleum products into the country, it means those who have the capacity will bring it and the more the products are available, the cheaper the price,” he said.
Furthermore, Akpabio said no one should expect cheap petrol for the time being, even with the coming on stream of the Dangote Refinery and the other ones that are likely to spring up.
“So at the beginning, it may seem to be an increase in pump price, but I believe strongly that with the production from Dangote and other refineries when they become functional and the fact that it is now open to all to bring in products into the country, I can assure you that we may not even see lower pump prices.
“So please let’s not dwell on the increase in pump price. We will assess it and if there is need for us to intervene we will intervene.”
However, he assured Nigerians that the senate would ensure their comfort in the best way possible.
“There is no point offering services to Nigeria if we are not prepared to improve on the lot of Nigerians. The 10th Senate is very prepared to change the paradigm and ensure that the future of Nigeria is better than what it is today.
“I pledge before you that working collectively, we will make legislations and the right motions and intervene with the intention to build a better future for all Nigerian children, those born and yet unborn.
“When I say that brighter days are ahead, it simply means that all the wrongs that kept the country where it is will be corrected,” he added.
Petrol price: Akpabio urges Nigerians to reduce number of cars
News
Supreme Court dismisses 16 govs suit challenging EFCC legality
Supreme Court dismisses 16 govs suit challenging EFCC legality
The Supreme Court has dismissed the suit by 16 states challenging the constitutionality of the acts establishing the Economic and Financial Crimes Commission and two others.
The News Agency of Nigeria (NAN) reports that the other agencies are the Independent Corrupt Practices and other related offences Commission (ICPC) and the Nigerian Financial Intelligence Unit (NFIU).
In the lead judgment by Justice Uwani Abba-Aji delivered on Friday, the Supreme Court resolved the six issues raised for determination in the suit against the plaintiffs.
The court held that the laws establishing the anti-corruption agencies were validly enacted by the National Assembly within its legislative competence.
It faulted the claim by the plaintiffs that the EFCC Act, being a product of the United Nations convention on corruption, ought to be ratified by majority of the state houses of assembly.
Delivering judgement on Friday, Justice Abba-Aji ruled that “the EFCC Act, which was not established from a treaty but a convention, does not need the ratification of the houses of assembly.”
News
Executive Secretary FCDA Hadi Ahmad suspended indefinitely
Executive Secretary FCDA Hadi Ahmad suspended indefinitely
Executive Secretary, Federal Capital Development Authority FCDA, Engr. Shehu Hadi Ahmad, has been suspended indefinitely.
His suspicion was on the order of the Minister of the Federal Capital Territory, Nyesom Wike.
Senior Special Assistant on Public Communications and New Media to the Minister, Lere Olayinka, disclosed this in a statement on Thursday evening.
No reason was given for the suspension.
Ahmad was directed to hand over to the Director, Engineering Services in the FCDA.
The statement read: “The Executive Secretary, Federal Capital Development Authority FCDA, Engr. Shehu Hadi Ahmad, has been suspended indefinitely.
“According to a statement on Thursday, by Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the Minister of Federal Capital Territory FCT, Nyesom Wike, the suspension of Engr Hadi Ahmad is with immediate effect.
“The suspended Executive Secretary has consequently been directed to hand over to the Director of Engineering Services, Engr in the FCDA.”
News
Just in: Rivers, Anambra high court judges suspended for one year
Just in: Rivers, Anambra high court judges suspended for one year
The National Judicial Council (NJC) has suspended two state high court for over acts of professional misconduct.
The NJC named the affected judges as Justice G. C Aguma of the High Court of Rivers State and Justice A.O Nwabunike of the Anambra State High Court.
They were both suspended for the period of one year without pay and thereafter placed on watch list for two years.
The decision was taken at the 107th Meeting of the NJC chaired by the Chief Justice of Nigeria, Hon. Justice Kudirat Kekere-Ekun on 13 and 14 November 2024.
A total of five serving judicial officers were sanctioned for various acts of misconduct.
The Council also recommended two Heads of Court for compulsory retirement over falsification of age.
The duo of the Chief Judge of Imo State, Hon. Justice T. E. Chukwuemeka Chikeka and the Grand Kadi of Yobe State, Hon. Kadi Babagana Mahdi, were recommended for compulsory retirement for falsification of their ages.
The Council considered the Report of its Preliminary Complaints Assessment Committee, which considered a total number of 30 petitions, empanelled six committees for further investigation.
Twenty-two cases were dismissed for lacking in merit, two were sub judice.
The Council also empanelled a committee to investigate all complaints and petitions against Hon. Justice O. A. Ojo, Chief Judge, Osun State.
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