News
FG debunks N5.4trn provision for subsidy payments
FG debunks N5.4trn provision for subsidy payments
Special Adviser to the President on Information and Strategy, Bayo Onanuga, has dismissed media reports insinuating that the federal government has made provisions of N5.4trillion for fuel subsidy payments, insisting that the era is gone for good.
He cautioned the mainstream media and social media platforms to desist from reporting fiscal policy documents that have not been ractified by the government.
Onanuga lamented that one of the documents titled Inflation Reduction and Price Stability (Fiscal Policy Measure etc) Order 2024 is being shared as if it were an executive order signed by President Bola Ahmed Tinubu.
“The other is a 65-page draft document with the title “Accelerated Stabilisation and Advancement Plan (ASAP), which contains suggestions on how to improve the Nigerian economy. President Tinubu received a copy of the draft on Tuesday,” he noted.
He urged the public and the media to disregard the two documents and cease further discussions on them, stressing that none is an approved official document of the Federal Government of Nigeria.
READ ALSO:
- Customs intercept pangolin scales worth N3.9bn in Kebbi
- Man jailed 14 years for attempted sexual assault on minor
- Cooking gas price crashes after ban on exportation
Quoting the Coordinating Minister of the Economy, Mr Wale Edun, “It is important to understand that policymaking is an iterative process involving multiple drafts and discussions before any document is finalised.
“We assure the public that the official position on the documents will be made available after comprehensive reviews and approvals are completed.”
“Emanating from the two documents have been reports second-guessing government’s policy on customs tariffs, fuel subsidy and other economic matters.
“The government wants to restate that its position on fuel subsidy has not changed from what President Bola Ahmed Tinubu declared on 29 May 2023. The fuel subsidy regime has ended. There is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed,” Edun stated.
He said the Coordinating Minister of the Economy had further clarified: “As previously stated by government officials, including myself, President Tinubu announced the end of the fuel subsidy program last year, and this policy remains firmly in place.
“The Federal Government is committed to mitigating the effects of this removal and easing the cost of living pressures on Nigerians.
“Our strategy focuses on addressing key factors such as food inflation, which is significantly impacted by transport costs. With the implementation of our CNG initiative, which aims to displace high PMS and AGO costs, we expect to further reduce these costs.
“Our commitment to ending unproductive subsidies is steadfast, as is our dedication to supporting our most vulnerable populations.”
He called on the media to always exercise necessary checks and restraints in the use of documents that do not emanate from official channels so that the members of the public are properly informed, guided and educated on government policies and programmes.
FG debunks N5.4trn provision for subsidy payments
News
Investigation of wanted businesswoman Achimugu not linked with Atiku, Sanwo-Olu – EFCC
Investigation of wanted businesswoman Achimugu not linked with Atiku, Sanwo-Olu – EFCC
The Economic and Financial Crimes Commission has reacted to media reports linking its investigations of Ms. Aisha Achimugu with political undercurrents involving former Vice President Atiku Abubakar and Lagos State Governor, Babajide Sanwo-Olu
This is contained in a statement by the commission on Friday night.
The statement read, “We wish to state unequivocally that the investigations of Achimugu have no correlation of any kind with the two political actors. She is being investigated for alleged criminal conspiracy and money laundering and has since been declared Wanted by the Commission”.
The EFCC started investigating Achimugu in 2022. Although she approached the court to obtain an injunction restraining the Commission from arresting, investigating, inviting or detaining her for any alleged criminal act, the injunction was challenged and vacated on Wednesday, February 19, 2025 by a Federal High Court sitting in Abuja.
The court ruled that “…no court has the power to stop the investigative powers of the Police or EFCC or any agency established under our laws to investigate crimes when there is reasonable suspicion of commission of a crime or ample evidence of commission of an offence by a suspect.”
“The court further upheld the interim order of forfeiture of assets of Achimugu suspected to be proceeds of crime, dismissing her suit against it as lacking merit .
“The foregoing clearly establishes that the EFCC’s case against her has no immediate or remote nexus with any politician or any veiled or open reference to any political engagement or transaction.
“The EFCC is non-partisan and non-sectarian. We enjoin the public to continue to keep faith with the professionalism of the Commission without imputing any extraneous consideration to its works.”
News
Why governors’ forum is silent on Rivers emergency, by DG
Why governors’ forum is silent on Rivers emergency, by DG
The Nigeria Governors’ Forum (NGF) yesterday attributed its neutral position on the recent declaration of a state of emergency in Rivers State to the need to steer clear of taking positions that may alienate members with varying political interests.
Taking positions on contentious partisan issues, the NGF said, would not augur well for it, especially in view of its past experience in fundamental division.
Notwithstanding, the declaration of the state of emergency by President Bola Tinubu yesterday generated more kudos and knocks from across the country.
Special Adviser to the President on Senate Matters, Senator Basheer Lado, said the action of the president was meant to ensure protection of lives and restoration of law and order in the state, while the President’s Special Adviser on Media and Public Communications, Sunday Dare, said his principal was required to “avert needless harm and destruction .”
National Publicity Secretary of the ruling All Progressives Congress (APC), Felix Morka, said Tinubu, by his action, cleared what had manifested as a constitutional crisis in Rivers state.
But former President Goodluck Jonathan saw it from a different perspective.
READ ALSO:
- Senate didn’t get 2\3 majority for Tinubu emergency rule in Rivers –Tambuwal
- FG destroys another 200 containers of expired drugs
- Rivers court bars woman from answering ex-husband’s name
He described “abuse of office and power by the three arms of government in the country“ as a dent on Nigeria’s image.
The NGF, in a statement by its Director General Abdulateef Shittu, said it is essentially “an umbrella body for sub-national governments to promote unified policy positions and collaborate with relevant stakeholders in pursuit of sustainable socio-economic growth and the well-being of the people.”
It added: “As a technical and policy hub comprising governors elected on different platforms, the body elects to steer clear of taking positions that may alienate members with varying political interests.
“In whatever language it is written, taking positions on contentious partisan issues would mean a poor sense of history — just a few years after the forum survived a fundamental division following political differences among its members.
“Regardless, the Forum is reputed for its bold positions on governance and general policy matters of profound consequences, such as wages, taxes, education and universal healthcare, among others.”
It asked for “the understanding of the public and the media, confident that appropriate platforms and crisis management mechanisms would take care of any such issues.”
Why governors’ forum is silent on Rivers emergency, by DG
News
Rivers: Tinubu acted to save state, economy, says Karimi
Rivers: Tinubu acted to save state, economy, says Karimi
Chairman of the Senate Services Sunday Karimi has hailed President Bola Tinubu for the decision to declare a state of emergency in Rivers State.
He told reporters on Friday in Abuja that the President acted in the best interest of the State and Nigeria, having taken his decision in compliance with the Constitution.
“No President or government worth a name, will fold its arms and watch a political situation deteriorate to what we saw unfolding in Rivers State.
“We saw that bombing of pipelines had begun, and the security situation was getting worse with the tension everywhere”, Karimi stated.
Karimi, who represents Kogi-West on the ticket of the All Progressives Congress (APC), recalled the “fatherly role” Tinubu had played in the crisis since 2023 in a bid to get the Minister of the Federal Capital Territory (FCT), Nyesom Wike, and suspended Governor Siminalayi Fubara to reach an understanding, to no avail.
He explained: “We were all here in 2023 when Mr President called that truce meeting at the Aso Rock Villa. There was the eight-point agenda for settlement reached between the factions.
“When Nigerians expected that progress should be made to achieve peace, things started deteriorating considerably to a point where the governor demolished the House of Assembly building and administered the state with only three legislators.”
READ ALSO:
- Oluwo accuses Ooni of plotting to dethrone him
- Natasha: Court blocks recall attempt, stops INEC
- US ends legal status for 500,000 immigrants
Karimi observed that with the recent judgment of the Supreme Court, which gave the upper hand to the 27 lawmakers loyal to the camp of the FCT Minister, matters merely got worse in the State as the lawmakers were set to impeach the Governor.
“What did you expect would be the implications? There would have been more destruction, killings and economic losses for the country.
“With the bombings that had already started, it was a matter of time before the whole state would be engulfed in flames. No responsible President would sit, arms folded, and allow that to happen “ he added.
The senator further argued that it took “painstaking efforts” by the administration to raise daily crude oil production to around 1,800 barrels, noting that Nigeria’s economy was already “witnessing a rebound under the renewed hope projects of the government.”
“Allowing the situation in Rivers to get worse before he would act, wouldn’t have helped the state or Nigeria as a country in any way.
“Mr. President intervened at the right time, and his actions are covered by law,” he said.
Karimi also spoke on the emergency declaration in Borno, Yobe, Adamawa and a couple of other states by former President Goodluck Jonathan without removing the Governors from office or suspending the state assemblies.
According to him, the case with those States was not generated by political crises but rather security concerns.
“So, I will advise those comparing the two scenarios to remember that one was purely about security threats resulting from the insurgency caused by Boko Haram, while that of Rivers is clearly political.
“It was the proper thing to do to suspend the political actors in the two factions to allow for tensions to diffuse. Nigerians should appreciate the President for the action he has taken so far,” he stated.
Sen. Karimi also noted that there was no cause for alarm as the National Assembly had indicated that the emergency rule could be reviewed as soon as there were signs that things could quickly normalise in Rivers State.
Rivers: Tinubu acted to save state, economy, says Karimi
-
metro2 days agoRivers administrator Ibas fires Fubara’s political appointees
-
metro2 days agoJUST-IN: Ex-Oyo gov Ajimobi’s first child Bisola dies At 42
-
metro3 days agoHow ritualists, native doctor drugged, murdered underage sisters in PH – Police
-
metro2 days agoFG declares public holidays for Eid-el-Fitr
-
metro1 day agoEFCC re-arraigns son of ex-PDP chairman for alleged N2.2bn oil subsidy fraud
-
Africa2 days agoNiger coup leader sworn in as president for five years
-
metro2 days agoNatasha: Murray-Bruce slams Atiku, defends Akpabio
-
International2 days agoAI will replace doctors, teachers, others in 10 years – Bill Gates