Connect with us





Bola Ahmed Tinubu

The All Progressives Congress Presidential Campaign Council has said the incoming administration of Asiwaju Bola Tinubu will decide the date the fuel subsidy will be removed.

Though the regime of the President, Major General Muhammadu Buhari (retd.) said the subsidy policy would end by June when the budget for the initiative would lapse, the Chief Spokesperson for the All Progressives Congress PCC, Festus Keyamo, on Sunday, noted that the next government would determine the terminal date for the subsidy regime.

There has been apprehension over the planned removal of subsidy with marketers and other petroleum stakeholders projecting that the development may push fuel prices to N750 per litre.

Despite the anxiety over the issue, the Petroleum and Natural Gas Senior Staff Association of Nigeria last week called for subsidy removal.

PENGASSAN’s President, Festus Osifo, who said this at the National Executive Council meeting of the association in Abuja, implored the government to ensure the speedy rehabilitation of Nigeria’s refineries, stressing that this would help ease the hardship that could arise from the halt of fuel subsidy.

But the Nigeria Labour Congress has vowed to resist the plan, insisting that the refineries must be functional before the subsidy can be tampered with.

The Nigerian National Petroleum Company Limited recently said the country was spending over N400bn monthly on petroleum subsidy which it argued is largely unsustainable.

Speaking with our correspondent, Keyamo stated that he had no doubt that the Tinubu presidency would terminate subsidy payments in line with the plan of the Buhari regime.

He, however, cautioned that since government and not all policy, was a continuum, the former Lagos governor should be left alone to decide on the date of his choice to execute it.

PCC spokesman

The PCC spokesman also explained that June 2023 was chosen by the FG to officially strike out fuel subsidies because the budget did not capture it beyond that date.

He stated, “It is one of the policies by which we campaigned. I cannot sit here and tell you when exactly it will be done. But the removal of subsidies is something that the president-elect pledged to do. Not only him. Virtually all the leading presidential candidates took the same position.

“Why the FG targeted June (to end subsidy) was that the budget only provided for subsidy up to June. That was the reason. But the new government will decide when it wants to. Of course, you know that when a new government takes over, the country is at its beck and call. Yes, I agree that government is a continuum. But all policies are not a continuum.”

On what the president-elect plans to do to cushion the impact of the removal of the subsidy, the PCC spokesman gave assurances that Tinubu would definitely look into it.

He stated, “I can assure you that the president-elect being who he is will not do that without corresponding palliative (measures) to the masses. I can tell you that confidently.”

In the same vein, Keyamo also cautioned the NLC not to incite the masses against the decision, noting that the Labour Party presidential standard bearer, Peter Obi, similarly endorsed the subsidy removal during the build-up to the February 25 polls.

Recall that Obi promised to phase out fuel subsidy completely if elected as the president.

Reacting to the NLC and the Trade Union Congress’ opposition to the planned subsidy removal, Keyamo dismissed their stance, insisting that NLC had no moral right to ask the Federal Government to retain fuel subsidy when it openly endorsed a presidential candidate that called for its removal.

 “This was what I have been saying since last year. All of you in the media did not give it any attention. I knew what was coming. That was why I kept asking why the NLC was supporting Peter Obi and his Labour Party.

 “Organised labour has no moral right to turn around this time to say they want to uphold fuel subsidy when removal of fuel subsidy was one of the cardinal campaign points of Peter Obi. Yet, the NLC threw their weight behind him. What moral justification do they have to want to uphold it now? At the end of the day, it is political. So they should tell the nation why they did that. Now is the time for judgment,” he said.

PDP faults APC

While the Peoples Democratic Party expressed its support for the removal of fuel subsidy to free funds for the development of critical infrastructure, it doubted the readiness of the Tinubu government to remove it.

The Deputy National Publicity Secretary of the party, Ibrahim Abdullahi said, “How can APC say they will remove fuel subsidy? They can’t do it. They criticized the PDP-led government for failing to remove subsidies. Now, they have been in government for eight years but they have done nothing.

‘’So, Nigerians should not believe them when they talk about subsidy removal because it is an area they know nothing about. As a matter of fact, they have been embroiled in subsidy fraud.”

Also speaking, the National Publicity Secretary of the New Nigeria People’s Party, Major Agbo said the party would not support subsidy removal as “that will bring a lot of hardship on Nigerians.”

According to him, “The idea of subsidy in the first place is to protect poor citizens and give them a sense of belonging. If the subsidy is removed, it means vulnerable citizens would suffer more and NNPP will never endorse the sufferings of Nigerians.”

He further took a swipe at the ruling party for what he called its hypocritical stand on subsidy, saying, “While they were preparing to come to power eight years ago, they said subsidy was a fraud. So, what do they now want to remove?’’

Meanwhile, the Lagos Chamber of Commerce and Industry, and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, have supported the call by the Petroleum and Natural Gas Senior Staff Association of Nigeria that the fuel subsidy be stopped in June this year.

But the Nigeria Employers Consultative Association kicked against the call for the halt in subsidy, insisting that the right infrastructure should be put in place before stopping fuel subsidy.

Speaking with The PUNCH, the President of NACCIMA, John Udeagbala, said the association was in full support of fuel subsidy removal as it had become a tool for unscrupulous politicians to steal public funds.

He said, “We want the fuel subsidy to be removed. It is not a subsidy that is the problem, rather it is the fraud in the exercise. As long as we keep the subsidy, we are multiplying the fraud.

“We are not developing. No capital projects. Just read the budget. At the end of the day the economy is slowing and then 40 per cent of the money is stolen in the name of subsidy. NACCIMA is in support of the removal. We have said it (in the past).”

On his part, the Deputy President of Lagos Chamber of Commerce and Industry, Gabriel Idahosa, said that the shocks to be experienced in the immediate aftermath of fuel subsidy removal would be a necessary evil Nigerians would have to live with for things to get better.

He said the expected rise in the cost of living was the argument that had been made each time Nigeria tried to remove the fuel subsidy.

Idahosa said the call for the retention of the subsidy was being sponsored by the beneficiaries of the illicit wealth garnered through the instrumentality of the subsidy regime.

Idahosa said, “In the last 30 years, we have been running thefuel subsidy. How much improvement have we seen in the quality of life of the common man? It is just a matter of finding the government that has the courage to do it; and once we do it, you will find that a lot of all this mongering that is going on about how bad things will be, will just disappear.

 “Only NNPC imports petrol. So, you have an absolute monopoly. Anything that has been removed from the monopoly, after a little while becomes cheaper.”

According to Idahosa, the petroleum sector would inevitably begin to witness the positive changes that trailed the privatisation of the telecommunications sector once the fuel subsidy was removed.

NECA on subsidy removal

On his part, the Director-General of Nigeria Employers Consultative Association, Wale Oyerinde, said, there was no right time for the removal of the fuel subsidy.

He urged the government to ensure that infrastructure and structures that would make the removal less burdensome were put in place before the removal.

“From our view, there is no right time for the removal of the subsidy. One of the most important things before the removal is to ensure that the infrastructure and structures that will make the removal less burdensome on Nigerians are put in place. Not the previous cosmetic and shallow palliatives, but definitive and lasting structures,” he said.

Oyerinde said the Turn Around Maintenance exercise had severally been carried out on refineries without positive results.

“There is no reason why the refineries are not fixed for production. It is on record that Turn Around Maintenance had been carried out severally on the refineries; what happened to the millions of dollars expended on the TAM?

 “It will be unfair and cruel for the government to make citizens suffer and be further impoverished because of the inefficiency and corruption encouraged by the government itself in the refineries’ operations and subsidy regime.

“If contractors collected funds for fixing the refineries and they didn’t fix it, let those involved be transparently prosecuted. It is time for governme

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


I Won’t Abandon Atiku – Dele Momodu




The Director of Strategic Communications of the Peoples Democratic Party Presidential Campaign Council, Dele Momodu, on Monday, insisted that the February 25 presidential election, which produced President Bola Tinubu of the All Progressives Congress, was manipulated.

In a statement tagged, “I stand on rule of law,” issued a few hours after  Tinubu’s inauguration as Nigeria’s 16th President, Momodu insisted that the judiciary still had to decide the authentic winner of the poll.

Momodu said he would stand by and not abandon the presidential candidate of his party, Atiku Abubakar, for any gains.

The PDP stalwart said, “My position on the state of our country, Nigeria, is simple and straightforward. I’m a loyal member of the PDP who owes absolute allegiance to Nigeria and its rule of law. My political party, the PDP and others, passionately hold the view that the last presidential election was savagely manipulated by the ruling party APC and the cases are already in courts.

“Nothing will make me abandon my party on the altar of convenience and profit. Win or lose, I will continue to stand on this principle without any malice or prejudice against those who think otherwise. Democracy is a game of choice and I’m resolutely standing by our candidate, the former Vice President, Atiku Abubakar,  who has taken the honorable and peaceful step of going to court to seek redress. This is the only way we can deepen our hard-earned democracy. Sacrifice is not always convenient but painful.”

He commended those who took the initiative of challenging the electoral outcome in court, saying, “I salute and respect the Wazirin Adamawa and others like my dear friend and brother, former Governor Peter Obi, the Labour Party presidential candidate, for promoting the best tenets of democracy in Nigeria and I’m willing to encourage them rather than discourage their onerous quests.”

Last week, the suit filed by the PDP seeking the disqualification of the Vice President, Kashim Shettima, on grounds of alleged double registration, was dismissed by the Supreme Court which ruled that the party lacked the locus to institute the suit in the first instance.

Atiku and Obi both turned down invitations extended to them by Tinubu to attend his inauguration ceremony, citing different reasons, not unrelated to the fact that they are in court to challenge the process that brought him to power.

Continue Reading


Start By Publishing Your Assets, Investments, SERAP Tells Tinubu



As Bola Tinubu assumes Nigeria’s presidency today, Socio-Economic Rights and Accountability Project (SERAP) has advised him to promptly make public his assets, income, investments, liabilities and interests. He is also charged to impress it on his vice, Kashim Shettima, to toesame line.

The group, in a letter dated May 27, 2023 and signed by deputy director, Kolawole Oluwadare, also urged the Lagos State ex-governor to prioritise respect for human rights, media freedom, rule of law and the judiciary.

It recalled Tinubu’s recent promise to “kill corruption,” reminding him that the outgoing administration in 2015 made similar promise that was not kept.

SERAP said: “As Nigerians have witnessed for eight years, (outgoing) President Muhammadu Buhari has neither ‘killed corruption’ nor obeyed court judgments on transparency and accountability.

“Publishing details of your assets, income, investments and liabilities and encouraging your deputy and others to do same would allow Nigerians to know your worth and that of other public officials.

“If your election is upheld by the judiciary, your government can use transparency in asset declarations as a means of promoting public accountability and ending systemic corruption in the country.”

According to the group, Buhari’s “broken promises to make specific details of his assets public and to kill corruption have opened up the country’s political and electoral processes to a money free-for-all, discouraged political participation and contributed to impunity.”

It continued: “Although (outgoing) President Buhari’s march to Aso Rock was predicated, in large part, on his campaign rhetoric to ‘kill corruption’, corruption remains widespread among high-ranking public officials and in ministries, departments and agencies (MDAs).

“Making public details of your assets, liabilities and interests would reduce unjust enrichment of public officials, ensure integrity in public offices and promote transparency and accountability, as well as good governance.”

The body noted that enforcement of court judgments is critical to national interest and restoration of rule of law in the country.

SERAP added: “The incoming government, therefore, has a responsibility to improve citizens’ trust and confidence in government. But it will be difficult for the new government to be trusted if its leaders do not come clean about their assets and income.

“Disclosure of income, assets and conflicts of interest can serve as powerful tools to draw attention to abuse of public office, help prosecute corrupt offenders and create a culture of scrutiny in the public sector.”


Continue Reading


2023 Northern Presidency Failed Because Peter Obi Left PDP – Okowa




The outgoing Delta State Governor and 2023 vice presidential candidate of the Peoples Democratic Party (PDP), Ifeanyi Okowa has stated that a northerner could have succeeded President Muhammadu Buhari if Peter Obi didn’t leave the PDP.

According to Okowa, the PDP had analyzed and concluded on how to present a northern candidate, with a southern running mate as the best way to counter the All Progressives Congress (APC) from getting massive bloc votes in the 2023 elections.

The party threw its presidential ticket open with a former Vice President, Atiku Abubakar eventually emerging as the PDP candidate.

However, the Delta State Governor said the decision of Obi to join the race for the ticket threw up southeast and religious sentiments and his eventual decision to dump the party for the Labour Party affected the votes of the PDP.

He made the submission during a chat with journalists on Sunday in Asaba.

According to Okowa, the northern presidency would have succeeded if Obi didn’t leave the PDP.

“I belong to the PDP and for me as a person and for the majority of the people in the PDP, they believed that our pathway to victory was to have a northern candidate and a southern vice,” he said.

“Why? Because we were not a majority.”

“The only thing that turned our reasoning out was when Obi came out from the south-east and there were a lot of feelings that came in among the Christians.

“So it ate very deep into our votes and that is what led to the loss of the elections,” Okowa added.

Continue Reading


Copyright © Estreet On TV 2023