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Subsidy: Labour intensifies mobilisation for protests
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Planned action unnecessary, says Fed Govt
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What govt should do, by TUC
The Organised Labour has intensified consultations ahead of its Thursday nationwide rallies against the proposed removal of petroleum products subsidy.
Its Deputy President, Joe Ajaero, told The Nation at the weekend that letters had been sent to heads of the over 50 affiliates and state councils of the Nigeria Labour Congress (NLC) asking them to host strategic meetings today on how to make the rallies successful.
He also said leaders of Civil Society Organisations (CSO) in support of the protests had been briefed on the activities planned for that day.
But the Federal Government last night faulted the planned rallies because it was yet to take a final decision on subsidy.
The National Economic Council (NEC) chaired by Vice President Yemi Osinbajo had recommended an increase in the pump price of fuel from N162.50 to N302 per litre.
The recommendation followed the report of a NEC ad-hoc committee interfacing with the Nigerian National Petroleum Corporation (NNPC) on the appropriate pricing of petroleum products in the country.
Nasarawa State Governor Abdullahi Sule had, after Wednesday’s NEC meeting in Abuja, announced that the Federal Government would stop petroleum products subsidy payments in June 2022.
Sule clarified that governors, who are members of NEC, have no role to play in determining the prices of petroleum products.
He added that with the Petroleum Industry Act (PIA) in place, the decision on the new price regime belonged to the Nigeria National Petroleum Corporation(NNPC) Limited.
In the interview with The Nation, Ajaero explained that the rallies which will have civil servants and others participating were to sensitise Nigerians on the implications of subsidy removal.
He said: “Nothing stops the rally planned for this week; whether they are removing it (subsidy) tomorrow or next year. The thought of it is not acceptable.
“Mobilisation is high in all the states. We need to sensitise Nigerians. We are through synergy meetings with civil society groups. We are going to states to mobilise workers, civil servants and other Nigerians.
“There is a letter to every person; every affiliate because they took a decision at the National Executive Council meeting. Letters have been sent to state councils on the mode of operation.
“Letters have also been sent to all the people that will coordinate each state who are coming from the National Administrative Council.
“Labour has been delegated to go to the field from Monday (today) to start holding consultative and preparatory meetings ahead of the protests.
“Civil society groups would go back to their cells and take decisions on how they want to participate.”
But Labour and Employment Minister Chris Ngige faulted the rallies, saying the government will not stop it from holding.
He described the rallies as unnecessary given the fact the Federal Executive Council (FEC), which according to him, has the final say on whether or not subsidy should be removed, has yet to decide.
“The government has not come out with its own position….All these beats of war, to me, are not necessary,” he told The Nation last night.
He, however, stressed that the government would not stop the rallies since the NLC leadership has failed to understand explanations on why it should sheathe the sword.
His words: “The government has not come out with its position. What the governors are saying is their decision at the Governors’ Forum and they have tabled it to the National Economic Council (NEC) which is an advisory body on economic matters to Mr President.
“All these beats of war, to me, are not necessary. There is an ongoing discussion of two committees. There is the one headed by the Secretary to the Government of the Federation (Boss Mustapha), which is representing the high level of government. I am there.
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“Why don’t they wait till we come to that committee meeting? We have not said that (fuel subsidy ending in June) to them.
“It is not a Federal Executive Council decision. So, you cannot call it a full government position for now.
“What the NLC is doing is precautionary; something that should not have been taking place now. It is coming much earlier than it is when it will be necessary.
“The protest is not necessary because they are going ahead with their rallies based on assumptions of the announcement of the Finance Minister (Zainab Ahmed), according to them.
“We are not stopping them. I have held meetings with them and they said it is their right to hold rallies.
“I have explained to them that the issue of fuel subsidy has no government position on it yet.”
Ngige also said the work of the committees on petroleum and electricity tariffs would continue until the recommendations proposed by the committees are adopted.
Also yesterday, the Minister of State for Petroleum Timipre Sylva, confirmed that the Federal Government has no immediate plan to discontinue the payment of petrol subsidy.
The minister, who appeared on Channels Television, said talks were still ongoing on the matter with critical stakeholders, including Labour and governors.
According to him, there is a consensus on the inevitability of subsidy removal, “but everybody is mindful of its likely impact.”
Sylva assured that government will continue to subsidise petrol in the foreseeable future until the details, including alternative fuel, have been worked out with Labour and other stakeholders.
“We are looking at all the options for the citizens’ benefits,” the minister said.
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The Trade Union Congress (TUC) has listed conditions that the Federal Government should fulfil before removing petroleum products subsidy.
It said the government should first fix the existing refineries, establish new ones, including modular refineries, and ensure effective policing of the nation’ borders to curb smuggling.
These were contained in a communiqué by TUC President, Quadri Olaleye, at the end of the Executive Council meeting of the congress at the weekend.
TUC warned that in the case the Federal Government failed to meet the conditions, its state councils and affiliates should commence mobilisation of their members for industrial action.
The Nation
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BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year
BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year
The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year.
Atiku Bagudu, Minister of Budget and Economic Planning, disclosed this to journalists on Thursday following the Federal Executive Council (FEC) meeting chaired by President Bola Tinubu.
Bagudu revealed that the council had approved the Medium-Term Expenditure Framework (MTEF) for 2025-2027.
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According to the minister, the government has pegged the crude oil benchmark at $75 per barrel, with an oil production target of 2.06 million barrels per day (bpd).
The budget also sets the exchange rate at N1,400 per dollar and aims for a gross domestic product (GDP) growth rate of 6.4%.
BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year
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EFCC arrests ex-NCMB boss over $35m energy project fraud
EFCC arrests ex-NCMB boss over $35m energy project fraud
The Economic and Financial Crimes Commission (EFCC) told FIJ that they have arrested Timber Wabote, the former executive secretary of the Nigerian Content Development and Monitoring Board (NCMB), on the grounds of a failed $35 million Bayelsa refinery project fraud.
Dele Oyewale, the EFCC’s spokesperson, confirmed this to FIJ on Thursday.
“It is true,” Oyewale responded to FIJ’s inquiries.
Wabote is accused of misappropriating public funds for a refinery project that should have improved local energy production.
Vanguard reported that the NCDMB under Wabote paid $35 million to support the development of energy infrastructure in the Brass Local Government Area of Bayelsa, yet there was nothing to show for it.
The EFCC picked Wabote up following the arrest of Akintoye Adeoye Akindele, the Managing Director of Atlantic International Refinery and Petrochemical Limited, for alleged misappropriation, money laundering and diversion of $35 million in public funds.
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“NCDMB under the watch of Wabote allegedly paid the $35 million to Akindele to build a 2,000 barrel per day (BPD), refinery, jetty, gas plant, power plant, data centre and tank farm at Brass free trade zone (FTZ), Okpoama Community in Brass LGA of Bayelsa State,” a source with the EFCC had explained.
Since December 2020 when the payments were made, Akindele abandoned the project with little or nothing to show for the huge sum he received.
Preliminary investigations showed that Wabote’s NCDMB financed 17 different projects, including the 2,000 BPD refinery in Brass LGA.
There has been a series of public fund misappropriation cases in the energy sector in recent times.
FIJ earlier reported that members of the House of Representatives summoned three ministers to defend how over $2 billion was spent on renewable energy with not much to show for it.
A recent FIJ report also recently detailed how residents of Yenagoa, the capital of Bayelsa, have not had power in their homes since July due to the vandalisation of the Ahoada-Yenagoa transmission towers caused by unidentified persons.
The Bayelsa state government told FIJ it was the federal government’s responsibility to provide electricity for residents. The state has no renewable energy options reliable enough to power its capital despite the multi-million-dollar NCMB energy project.
Transparency in the energy sector has become necessary at a time when Nigerians have suffered power instability due to frequent grid collapses.
EFCC arrests ex-NCMB boss over $35m energy project fraud
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Court adjourns Yahaya Bello’s trial till Nov 27
Court adjourns Yahaya Bello’s trial till Nov 27
The Economic and Financial Crimes Commission (EFCC) has requested an adjournment in the new case against the immediate past Governor of Kogi State, Yahaya Bello, stating that the 30-day window for the previously issued summons is still active.
The commission has granted administrative bail to his co-defendants, Umar Oricha and Abdulsalami Hudu, and asked the court for an extension of time for Bello to appear.
At the resumed hearing before Justice Maryann Anenih of the Federal Capital Territory High Court, Abuja, EFCC Counsel Jamiu Agoro noted that the court’s order from October 3rd had not yet expired.
“In that wise, we feel it will not be appropriate for us to take proceedings while that 30 days is still running. So we have discussed and agreed to come back on the 27th day of November, 2024, my lord,” he told the court.
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He also mentioned that the previously set date of November 20th was not convenient for the prosecution counsels.
Counsel to the second defendant, Aliyu Saiki, SAN, confirmed that his client had been granted administrative bail by the prosecution and had no objection to the adjournment request. The third defendant’s counsel, ZE Abass, concurred.
The prosecution counsel also requested the court to allow the notice of hearing to be pasted on the last known address of the first defendant.
After hearing from all counsels, the judge granted the EFCC’s application for adjournment and the issuance of the hearing notice.
“I have considered the application for adjournment by the complainant and issuance of hearing notice and the submission by the second and third defendants. The application is granted,” she said.
Justice Anenih then adjourned the case to November 27th for arraignment.
The former governor, alongside Umar Oricha and Abdulsalami Hudu, are being prosecuted as 1st to 3rd defendants, respectively, in a fresh 16-count charge instituted against them by the EFCC.
Court adjourns Yahaya Bello’s trial till Nov 27
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