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JUST IN: FG to meet NLC today over fuel subsidy removal

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Representatives of the Federal Government are expected to meet with the leadership of the Nigeria Labour Congress (NLC) today by 2pm over the planned removal of fuel subsidy.
 

This was disclosed by  NLC National President, Joe Ajaero, on Channels Television’s Sunrise Daily programme on Wednesday.

He said the position of Labour has been clear that even if President Bola Tinubu has a good intention, alternatives must be provided.

He said the President should have asked questions and find out the implications of fuel subsidy removal on Nigerians on the streets.

The NLC boss listed the alternatives to include the repair of the nation’s four refineries, provision of transportation of alternatives for the Nigerian workers, amongst others.

“The pronouncement by Mr President is as good as law and if in the process we make a law that is not practicable, the same people that made the law can look at it,” Ajaero said while calling for a review of the President’s pronouncement.

“Does it bring pleasure to us to say subsidy is gone and people start suffering? Is it not part of leadership for us to look at how the suffering of the people can be reduced?” he asked.

Subsidy Removal Only Answer To Make Nigeria Great – IPMAN

Meanwhile, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the deregulation of the oil sector and subsidy removal is the only way to make Nigeria great.

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“Removing subsidy is the only answer to make Nigeria great,” IPMAN National Public Relations Officer, Yakubu Suleiman said on Channels Television’s Sunrise Daily programme on Wednesday

On Monday during his inaugural speech at the Eagle Square in Abuja, Tinubu said the era of subsidy payment on fuel has ended, adding that the 2023 Budget made no provision for fuel subsidy and more so, subsidy payment is no longer justifiable.

“The fuel subsidy is gone,” Tinubu said, noting that his government would instead channel funds into infrastructure and other areas to strengthen

However, the Trade Union Congress of Nigeria (TUC) said the President cannot unilaterally take a decision on subsidy removal, saying that there was a reason the immediate past administration of Muhammadu Buhari pushed the “sensitive issue” to the new government.

Fuel queues have since resurfaced across the country since the presidential pronouncement as Nigerians forage for the premium product which is now sold from N300/litre and above.

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Good Morning! Here Are Some Major News Headlines In The Newspapers Today: Military commander killed in ambush by bandits in Katsina

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1. Military commander of an army camp located at Sabon Garin Dan’Ali, in Danmusa local government area of Katsina state has been killed in an ambush. Sources said the incident happened Thursday evening and the corpse of the deceased, a major in the army, was deposited at a hospital in Katsina.

 

2. Movement would be restricted for the duration of today’s local government election in Oyo State, the State Government announced on Friday evening. The restriction will help officials of the Oyo State Independent Electoral Commission, OYSIEC, to conduct the poll without hindrance.

 

3. Senate President Godswill Akpabio, the Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas and the Deputy President of the Senate, Senator Barau Jibrin, were among the dignitaries who attended the wedding fatiha of the children of emirs of Kano and Bichi, Alhaji Aminu Ado Bayero and Alhaji Nasiru Ado Bayero, on Saturday.

READ  IPMAN backs Tinubu, says subsidy removal only answer to make Nigeria great

 

4. President Bola Tinubu has approved the appointment of Mr. Jim Ovia, renowned banker and businessman, as the Chairman of the Board of the Nigerian Education Loan Fund, NELFUND. This is contained in a statement issued by Ajuri Ngelale, Special Adviser to the President on Media & Publicity, on Friday.

 

5. Governor Hyacinth Alia of Benue State, on Friday, urged his predecessors including Chief Samuel Ortom, to refrain from interfering in his administration, warning that he would not allow anyone to destabilise his government. Alia while briefing journalists on his return from the USA, Friday morning, said the past governors have had their own term.

 

6. The National Chairman of the ruling All Progressives Congress, APC, Dr Abdullahi Ganduje, has said the New Nigeria People’s Party, NNPP, led government in Kano State is behind the various protests against him in Abuja. Ganduje in a statement by his aide, Comrade Okpokwu Ogenyi, alleged that the Kano government had been hiring protesters from the streets, mostly Kwankwasiyya members, some of whom are from the North Central geo-political zone to demand his resignation.

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7. The American International School of Abuja has paid $760,910.84 to the Economic and Financial Crimes Commission, EFCC, from the $845,852 school fees allegedly deposited by former Kogi State governor, Yahaya Bello in respect of five of his children in the school.

 

8. Bandits have attacked the palace of the Emir of Zurmi, Alhaji Bello Muhammad Bunu, killing three people and abducting some residents of the town. The bandits, who stormed the town around 10pm on Wednesday, according to locals, also attacked the residence of the former Military Administrator of Nasarawa State, Colonel Bala Muhammad Mande (rtd).

 

9. The Nigeria Correctional Service has stepped up efforts to track down and recapture escaped inmates of the Suleja Medium Security Custodial Centre, Niger State. The Minister of Interior, Olubunmi Tunji-Ojo, on Thursday, said the government would relocate a lot of correctional centres to create better infrastructure and security.

 

10. Men of the Economic and Financial Crimes Commission, assigned to tackle currency mutilation, dollarisation of the economy, and forex malpractice, have arrested 34 suspected currency speculators accused of foreign exchange fraud. This was made known in a statement shared on the commission’s website on Friday.

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UPDATED: Tinubu appoints Jim Ovia as chairman of education loan fund

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President Bola Tinubu has appointed Jim Ovia as the chairman of the Nigerian Education Loan Fund (NELFUND).

 

Ajuri Ngelale, presidential spokesperson, announced the appointment of Ovia, chairman of Zenith Bank, in a statement on Friday.

 

Ngelale said Tinubu believes that Ovia will bring his immense wealth of experience to ensure that no Nigerian student suffers a paucity of funds in the quest for tertiary education.

 

On April 3, Tinubu signed the student loans amendment bill into law to provide Nigerians with quality and accessible education.

 

The law will allow Nigerian students in tertiary institutions to access low-interest loans for tuition and other academic needs.

 

Subsequently, the president appointed Akintunde Sawyerr as the managing director and chief executive officer (CEO) of the fund.

 

Tinubu also appointed Frederick Oluwafemi Akinfala as the executive director of finance and administration, while Mustapha Iyal will serve as the executive director of operations of NELFUND.

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JUST IN: Tinubu appoints Jim Ovia as chairman of education loan fund

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President Bola Tinubu has appointed Jim Ovia as the chairman of the Nigerian Education Loan Fund (NELFUND).

 

Ajuri Ngelale, presidential spokesperson, announced the appointment of Ovia, chairman of Zenith Bank, in a statement on Friday.

More to follow…

 

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