Index to Nigerian Newspapers

One of the most important virtues of leadership is courage. this quality more than any other, will determine whether a leader succeeds or fails in his mission. 

the last eight years have been challenging both for the government and the people. 

President Tinubu stands at the intersection of history. what he does at this very moment will determine wether he annexes a place in the pantheon of revered Nigerian leaders or slides quietly into oblivion.

A statement issued by the spokesperson for Adeleke, causing unnecessary hardship for the people in the state. “This deliberate action is not only inhumane, but unpatriotic and will not be allowed by the government..

Fuel subsidies are no longer in effect, according to President Bola Ahmed Tinubu, because continuing to pay them would have bankrupted the nation. Cities once again saw lines for gasoline. For the payouts, N3.36 trillion was allocated. Every borrowing the nation makes is impacted by it. The bond market rose in value. that we will encounter issues with them. In accordance with the Appropriations Act, as it actually transpired. When the economic indexes get challenging, it increases. Every three litres are being subsidised by the government with N100. After the meeting, Kyari spoke to the media and reported that the nation's refineries were being restored. The rehabilitation effort is ongoing. The withdrawal of the subsidies, according to Kyari, who observed that the party was better informed.

President Muhammadu Buhari has not directed anyone to implement fuel subsidy removal, and the Senate has urged the current administration to immortalise the late Chief Ernest Shonekan. The Green Chamber has also proposed to standardise house rents in Abuja by ensuring three months and subsequent monthly payments at the expiration of the one or two years first payment by the tenant.

President Muhammadu Buhari has not directed anyone to implement fuel subsidy removal, and the Senate has urged the current administration to immortalise the late Chief Ernest Shonekan. The Green Chamber has also proposed to standardise house rents in Abuja by ensuring three months and subsequent monthly payments at the expiration of the one or two years first payment by the tenant.

With the removal of the oil subsidy, the House of Representatives has asked the auditor general of the federation to immmediately carry out a forensic audit of the N413 billion borrowed from the central bank of Nigeria (CBN) by the federal government for subsidy payments.

The house also advised that with the subsidy removal, the federal government should fortwith suspend all direct sales direct purchase (DSDP) contracts.

other recommendations made by the house include that the federal government should immediately design measures and paliatives to cushion the effects of the subsidy removal for Nigerians effective from this year 2023 through provision and procurement of CNG buses as an alternative transport sytem with cheaper fuel consumption.

that given the contriants of the committee and overlapping events, the National assembly (HR) standing on Ad-Hoc committees be saddled with such responsibility to conduct full-scale investigation on the defaulting oil companies and MDAs that have not met the expectations of the committee to ascertain their level of involvement or otherwise and further protect the commonwealth of the country. 

President Bola Tinubu has directed the National Economic Council (NEC) led by Vice President Kashim Shettima to kickstart the process of working on interventions to ameliorate the impact of subsidy removal on the people.

This was disclosed by Governor of Ogun State, Dapo Abiodun, while briefing State House Correspondents after leading some major oil marketers on a courtesy call on President Tinubu at the Presidential Villa, Abuja on Wednesday.

The marketers announced their intention to donate 50 to 100 mass transit (at the cost of about N10 billion) buses as a way to support the initiative to succeed, calling on other well meaning corporate bodies can do the same.

The Nigerian National Petroleum Company (NNPC) Limited says it would reconcile subsidy deductions with the federation. The Federation Account Allocation Committee (FAAC) had in May asked NNPCL to refund over N2.1 trillion to the federation account.

NNPCL made its position known in a tweet on its official Twitter handle yesterday under a post titled ‘Petrol Subsidy Fact Sheet. The company contrary to widespread belief equally said it has not made petrol subsidy payments to marketers since 2016 when it become the sole importer of petrol, adding that NNPC Limited will no longer be the sole importer of petroleum products. NNPCL had said it deducted N152.85 billion as a shortfall for the importation of petrol (subsidy) in November 2022 during its monthly presentation to the FAAC meeting on Wednesday, January 17, 2023. Subsidy or under-recovery is the underpriced sales of premium motor spirit (PMS), better known as petrol.