Why FG suspends removal of petroleum subsidy
President Muhammadu Buhari administration must have come to term with reality that what it could not achieve in eight years ,was impossible to accomplish in one month, as it suspends moves to remove petroleum subsidy before it exit on May 29.
Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed spoke about the administration plan to suspend the removal policy while briefing State House correspondents at the end of The National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.
The minister said the NEC concluded in its meeting that it is not a favourable time for the action.
She stated that the Council deliberated on the matter and resolved that it cannot be removed for now, but it equally agreed on the need to continue the discussion on the matter and the necessary preparatory work in conjunction with states and representatives of the incoming administration.
Subsidy: Petrol hits N1,200 Per Litre in Ebonyi
Petrol now sells for N1,200 a litre in Ebonyi state, according to a report by NAN. The shocking change came after President Bola Tinubu announced the removal of fuel subsidy. Resident of Abakaliki in Ebonyi state were forced to buy petrol at a staggering N1,200 on Tuesday, according to the report. Scores of residents, who decried the high cost of petrol in the country, said they have since been engaged in panic buying. Some residents were also seen with their cans as many filling stations were under lock. A resident, Darlington Okeke, said panic buying was occasioned by Tinubu’s statement during his inauguration on Monday. Okeke stated that petrol in filling stations was sold between N800 and N1,200, against N230 per litre. Another resident, Ibrahim Ali, said black marketers sold a litre of fuel for N1,500, adding that the development was causing panic buying and frustration among residents. He, however, appealed to Tinubu to address the situation to mitigate panic buying and arbitrary hoarding of the products, which marketers introduced after the announcement by the president. Meanwhile, staff of some filling stations, who spoke under condition of anonymity, disclosed that the management of the Petroleum Dealers Association, Ebonyi State chapter, ordered the closure of fuel stations. “We are waiting for further directives,” they told NAN. Efforts to speak with the state chairman of the association, Sailas Njaka, on the development were not successful.
Troops eliminate ISWAP top commanders, 55 terrorists in Borno
At least 55 Islamic State–West Africa Province terrorists have been eliminated by Nigerian troops. Those killed included top commanders of the terrorist group. The mission was carried out by the Multinational Joint Task Force in Arege, Malam Fatori, Abadam Local Government Area of Borno State. The Niger Ministry of Defence said that it conducted a 22-day operation tagged Operation HARBIN ZUMA, targeting ISWAP strongholds. The operation, it said, was coordinated by troops of Sector 3 and Sector 4 of the MNJTF. The operation started on May 6, 2023, and ended on Sunday, May 28. According to its report, several top ISWAP commanders, including Fiya Abouzeid, Qaïd Abou Oumama, and Qaïd Malam Moustapha, as well as some religious leaders whose identities are unknown, were killed during the 22-day Operation HARBIN ZUMA. The Niger-Nigerian Air Task Force and land forces worked together to locate the enemy and cause significant damage. The troops destroyed 13 vehicles, 13 motorcycles and five Vehicles Borne Improvised Explosive Devices. Two soldiers from Nigérienne Sector 4 MNJTF were killed, three were slightly wounded, and one phantom Mrap was damaged during the operation. However, The Niger Ministry did not disclose any casualties on the Nigerian side. The main aim of Operation HARBIN ZUMA was to neutralise terrorists in their stronghold in Aregé, Nigeria. The operation also aimed to maintain pressure on the Islamic State in West Africa and eliminate any presence of armed terrorist groups in the BOSSO, BAGA, GOUDOUMBALI, and GASHIGAR areas. The operation also planned to cut off all supply routes for armed terrorist groups and reduce the threat in the region.
I pray Atiku succeeds in Nullifying Tinubu’s victory – Omokri
A former presidential aide, Reno Omokri has asked God to help Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party to nullify President Bola Tinubu’s victory. Omokri took to social media to pray to God. The staunch Atiku’s ally applauded Tinubu for his bold statement on subsidy removal, meeting the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, and the Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, same day he assumed office. Tweeting, Omokri said unlike the immediate last president, Muhammadu Buhari, Tinubu started work immediately he assumed office. According to Omokri: “Making a bold statement on subsidy removal and backing it up with action. Meeting Godwin Emefiele, then Mele Kyari.“Making a string of appointments. Asserting his authority over the DSS in their face-off with the EFCC.“Tinubu, unlike Buhari, has hit the ground running. I sincerely pray that our petition will succeed and President Tinubu’s election will be nullified.“But be that as it may, I must commend the actions of his first 24 hours in office.”
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