Presidency defends Pantami, says enemies of govt behind smear campaign – Newstrends
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Presidency defends Pantami, says enemies of govt behind smear campaign

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The Presidency on Thursday rose in defence of the embattled Minister of Communications and Digital Economy, Dr Isa Pantami, saying he had since apologised for his alleged past association with Al-Qaeda and Taliban.

Some groups and individuals have called for his removal of his reported link with the terrorists in the past.

It also said the ‘cancel’ campaign against the minister was aimed at smearing his image despite the good work he was doing to improve the lives of everyday Nigerian in the last two years.

Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a release, said Pantami had atoned for what he said in the early 2000s, adding that the views were absolutely unacceptable then, “and would be equally unacceptable today, were he to repeat them, but he will not repeat them – for he has publicly and permanently condemned his earlier utterances as wrong.”

The statement also stated, “In the 2000s, the minister was a man in his twenties; next year he will be 50. Time has passed, and people and their opinions – often rightly – change.

“But all discerning Nigerians know this manufactured dispute is nothing to do with the Minister’s prior words, but solely concern his actions in the present.

“Today, there is an unfortunate fashion in public discourse that makes leaders in politics, religion, and civil society liable in the present for every statement they have ever made in the past – no matter how long ago, and even after they have later rejected them. This insidious phenomenon seeks to cancel the careers of others on the basis of a thing they have said, regardless of when they said it.

The Presidency attributed the travail of Pantami to a “cancel campaign” instigated by those who seek his removal emphasising that those people “do not really care what he may or may not have said some 20 years ago: that is merely the instrument they are using to attempt to “cancel” him. But they will profit should he be stopped from making decisions that improve the lives of everyday Nigerians”.

The release also stated that the present administration was committed to improving the lives of all Nigerians which include ensuring they are not over-charged or under-protected for those services on which modern life depends.

It thereafter reeled out the sterling performance of Pantami since he assumed office as Minister of Communications and Digital Economy in 2019.

Presidency also stated, “The minister has been leading the charge against illegal data deductions and pricing; he has revolutionised the government’s virtual public engagement to respond to COVID-19 and save taxpayers’ money; he has established ICT start-up centres to boost youth entrepreneurship and create jobs; he has changed policy to ensure locally produced ICT content is used by ministries, starting with his own; and he has deregistered some 9.2 million SIMs – ending the ability for criminals and terrorists to flagrantly use mobile networks undetected. In two short years, Minister Pantami has driven the contribution of the ICT sector to the GDP to more than 18 percent, making it one of the top two playing a critical role in the emergence of the economy from the COVID 19-induced recession.

“In putting people first, the minister and this administration have made enemies. There are those in the opposition who see success and want it halted by any means. And there is now well-reported information that alleges newspaper editors rebuffed an attempt to financially induce them to run a smear campaign against the minister by some ICT companies, many of which do indeed stand to lose financially through lower prices and greater consumer protections. The government is now investigating the veracity behind these claims of attempted inducement, and – should they be found to hold credence – police and judicial action must be expected.

“The administration stands behind Minister Pantami and all Nigerian citizens to ensure they receive fair treatment, fair prices, and fair protection in ICT services.”

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Naira loses N81 to dollar in one day

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Naira loses N81 to dollar in one day

The naira lost N81.34 against the US dollar at the foreign exchange market on Thursday

FMDQ data showed that the naira fell to N1,154.08 per dollar on Thursday from N1,072.74 on Wednesday.

This represents a 7.04 per cent loss against the dollar compared to N1,072.74 per dollar traded the previous day.

At the parallel market, the naira also depreciated N1,100 per dollar on Thursday from N1, 040 on Wednesday.

This is the second time the naira would be depreciating against the dollar in three days amid fears of depleting foreign exchange reserves.

Nigeria’s foreign reserves dropped to $32.29 billion as of April 15.

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Govt paying N600bn for fuel subsidy monthly — Rainoil CEO

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Govt paying N600bn for fuel subsidy monthly — Rainoil CEO

The CEO of Rainoil Limited, Gabriel Ogbechie, has claimed that the federal government resumed the payment of the controversial fuel subsidy following the devaluation of the Naira in the foreign exchange market.

Ogbechie made this statement on Tuesday during the Stanbic IBTC Energy and Infrastructure Breakfast Session held in Lagos.

He pointed out that with Nigeria’s daily fuel usage at 40 million liters and the foreign exchange rate at N1,300, the government’s subsidy per liter of fuel falls between N400 and N500, culminating in a monthly total of approximately N600 billion.

He said; “When Mr. President came in May last year, one of the things he said was that Subsidy is gone. And  truly, the subsidy was gone, because immediately the price of fuel moved from 200 to 500 per liter. At that point truly, subsidy was gone.

“During that period, Dollar was exchanging for N460, but a few weeks later, the government devalued the exchange rate. And Dollar moved to about N750. At that point, subsidy was beginning to come back.

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“The moment the two markets officially closed, officially the market went to about N1,300. At that point, that conversation was out of the window. Subsidy was fully back on petrol. If you want to know where petrol should be, just look at where diesel is. Diesel is about N1,300 and petrol is still selling for N600.

Furthermore, he said that NNPC being the only petrol importer in the country implies that there is an ongoing subsidy, as prices had to be fixed.

Earlier yesterday, the former governor of Kaduna State, Nasir El Rufai, said the federal government is spending more on petrol subsidy than before.

In addition, the Special Adviser to the President on Energy, Mrs. Olu Veŕheijen, said that the Federal Government reserves the right to pay fuel subsidy intermittently to cushion hardship in the country.

“The subsidy was removed on May 29. However, the government has the prerogative to maintain price stability to address social unrest. They reserve the right to intervene.

“If the government feels that it cannot continue to allow prices to fluctuate due to high inflation and exchange rates, the government reserves the right to intervene intermittently and that does not negate the fact that subsidy has been removed,” she said.

Govt paying N600bn for fuel subsidy monthly — Rainoil CEO

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Breaking: Dangote brings diesel price down to N1000/litre

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Breaking: Dangote brings diesel price down to N1000/litre

Dangote Petroleum Refinery has announced a further reduction in the price of diesel.

When it commenced operation a few weeks ago, Dangote Petroleum Refinery pegged the price of diesel as N1,200.

While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 percent reduction from the previous market price of about N1,600 per litre.

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However, on Tuesday, a further reduction of N200 was noticed in the price, with the product now pegged at N1,000.

This significant reduction in the price of diesel, at Dangote Petroleum Refinery, is expected to positively affect all the spheres of the economy and ultimately reduce the high inflation rate in the country.

The President of Dangote Group, Aliko Dangote, had during the Eid-el-Fitr celebration said if the cost price of diesel comes down, the inflation rate will be substantially reduced.

Dangote spoke when he visited President Bola Tinubu in his residence in Lagos State to celebrate the end of the Ramadan fast with him.

Breaking: Dangote brings diesel price down to N1000/litre

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