Edo state governor, Godwin Obaseki, on Wednesday promised to support poor residents in the state with N500 million monthly to cushion the impacts of the prevailing economic situation caused by the fuel subsidy removal.
Browsing: Fuel subsidy removal
Enugu state governor, Peter Mbah has rolled out palliatives to mitigate the harsh economic effects of the recent removal of fuel subsidy by the Federal Government on residents of the state.
ASHENEWS reports that President Bola Tinubu says that the federal government, with the removal of fuel subsidy, has saved over N1 trillion.
For several years, I have consistently maintained the position that the fuel subsidy had to go. This once beneficial measure had outlived its usefulness. The subsidy cost us trillions of Naira yearly. Such a vast sum of money would have been better spent on public transportation, healthcare, schools, housing and even national security. Instead, it was being funnelled into the deep pockets and lavish bank accounts of a select group of individuals.
The Ogun State government has approved cash palliative of N10,000 for each of its public servants and pensioners, Mr Tokunbo Talabi, the Secretary to the State Government (SSG), has announced.
The Nigerian Medical Association (NMA), Kwara Chapter, has advised the National Health Insurance Authority (NHIA) to enrol as many Nigerians as possible into the scheme to cushion fuel subsidy removal.
Before and during his campaign days, the President of Nigeria, Senator Ahmed Bola Tinubu told everyone that becoming the country’s president was a lifelong ambition. He boasted of his agenda of readiness and competence to take Nigerians out of the woods, the backstage of suffering. At a point, he told Nigerians that he would build on Muhammadu Buhari’s achievements. Don’t forget that Nigerians were already suffering and building on that is “a killer.”
The Colleges of Education Academic Staff Union (COEASU) has directed its members nationwide to go to work two days weekly until the Federal Government yields to its demand for a 200 percent increase in salary.
ASHENEWS reports that the Executive Director of the Civil Society Legislative Advocacy Centre (CISLAC), Auwal Musa Rafsanjani, has described the N8,000 monthly palliative by the Tinubu administration as insensitive and wasteful.
Decree 33 of 1977 saw to the birth of the Nigeria National Petroleum Corporation (NNPC) on April 1 of that year through the merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel. The main purpose was for it to add value to the nation’s hydrocarbon resources “for the benefit of the nation’s economy…”