TheNewsGuru

Tag: Nigerians

  • BREAKING! NNPC formally announces increase in fuel price

    BREAKING! NNPC formally announces increase in fuel price

    The Nigerian National Petroleum Company (NNPC) Limited has set the price of Premium Motor Spirit (PMS), also referred to as fuel or Petrol , at between N488 and N555 per litre at its highest point.

    This is coming barely three days after President Bola Tinubu announced an end to removal of fuel subsidy in Nigeria.

    On Wednesday morning, NNPC participants convened. According to a decision made by the management at the meeting, the NNPC PMS pump price table for Mega/Standard/Leased Stations will be revised upward. This decision directs all marketers to alter retail prices for the petroleum product across states.

    Before now, there had been speculations that the fuel price will be determined at a latter time. However, the new table of retail prices for different geopolitical zones of the country has been reeled out by the management instructing marketers to effect the changes with immediate effect beginning from Wednesday, May 31, 2023.

    “Please implement meter change as approved effective today 31st May 2023. Wayne is to attend to all locations as relates to their area of coverage in our network,” a statement of the management reads.

    Source: Vanguard

  • Reps throw weight behind President Tinubu on fuel subsidy removal

    Reps throw weight behind President Tinubu on fuel subsidy removal

    …begs Nigerians to remain patient, resilient and prayerful

    The House of Representatives has resolved to support the decision of President Bola Tinubu on fuel subsidy removal.

    This was sequel to the adoption of a motion on urgent public importance, moved by Jimoh Olajide from Lagos State at plenary on Tuesday.

    TheNewsGuru.com, (TNG) recall that during his inaugural speech on Monday in Abuja, President Tinubu had announced that fuel subsidy was over.

    “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor.

    “Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions”, he said.

    Debating the motion, Hon. Olajide commended the President for the courage to end fuel subsidy and asked Nigerians to be patient with the new administration.

    According to the lawmaker, President Tinubu is a concern senior citizen whose agenda is to favour the down trodden for the purpose of humanity.

    He stated: “Aware that there is no provision for fuel subsidy in the 2023 Appropriation Act; the current 9th Assembly and the past administration had given it a legal backing.

    “Convinced that further legislative actions in supporting Mr President in delivering dividends of democracy will go along way in enhancing development because he asked for it, he campaigned for it! And he is ready for the task ahead.

    “Convinced that president Bola Ahmed Tinubu, the tutor-general of Nigerian politics is concern about the masses and has meaningful objective to utilise Nigeria funds appropriately with budgetary reforms agenda on education, health, infrastructure, agriculture ,food, security and above all security of lives and property as embedded in the constitution”.

    The House adopted the motion and congratulated Tinubu for his readiness for national task ahead and service to humanity and appealed to Nigerians to remain patient, resilient and prayerful so that the President can deliver on his promises.

  • OPINION: Our Democracy is Our Strength- Eseme Eyiboh

    OPINION: Our Democracy is Our Strength- Eseme Eyiboh

    Today May 29, 2023, the bond of our brotherhood as a nation resonates with the hope of greater opportunities, the excitement of a new era and the glory of strength in our diversities. As we commemorate the milestone of our democratic governance with renewed hope of transformational leadership, we should embrace this remarkable journey with hope and faith.

    The threshold of our democracy is rich and promising in unrivaled opportunities and possibilities to fuse our collective urges and aspirations ahead.

    Our forebears were undaunted in their vision of a nation blessed in all ramifications. Today, the birth and greatness of a new Nigeria founded on justice, equity and service is possible with our collective resolve to dethrone bigotry in our national consciousness and unite for the resurrection of the dreams and visions of this great land of our birth.

    Happy inauguration and Congratulations for a new era of renewed hope has berthed.

    Rt.Hon Eseme Eyiboh, is a former spokesperson of the House of Representatives and writes from Abuja

  • Major takeaways from inauguration of Tinubu as 16th president of Nigeria

    Major takeaways from inauguration of Tinubu as 16th president of Nigeria

    President Ahmed Tinubu was sworn-in on Monday as 21 world leaders attended the event at Eagle Square, Abuja.

    TheNewsGuru.com, (TNG) reports that at least seven major takeaways were made handy to Nigerians by the new president.

    In what could be described as a bold move is the withdrawal of fuel subsidy arguably considered the biggest scam in Nigeria.

    His predecessor, former president Muhammadu Buhari could not muster enough muscle to pull this off.

    TInubu reaffirmed that the era of fuel subsidy is gone.

    He said: “We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor.

    “Subsidy can no longer justify its ever-increasing costs in the wake of drying resources.

    “We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions.

    *We’ll create jobs, prosperity for youth

    The president emphasized that his administration must create meaningful opportunities for our youth, saying “We shall honour our campaign commitment of one million new jobs in the digital economy.

    “Our government also shall work with the National Assembly to fashion an omnibus Jobs and Prosperity bill. This bill will give our administration the policy space to embark on labour-intensive infrastructural improvements, encourage light industry and provide improved social services for the poor, elderly and vulnerable,” he said.

    *We shall reform security doctrine

    Tinubu noted that security shall be the top priority of his administration, because neither prosperity nor justice can prevail amidst insecurity and violence.

    He said, “To effectively tackle this menace, we shall reform both our security DOCTRINE and its ARCHITECTURE.

    “We shall invest more in our security personnel, and this means more than an increase in number. We shall provide, better training, equipment, pay and firepower.”

    *We’ll target higher GDP growth

    On the economy, Tinubu said he will target a higher GDP growth and to significantly reduce unemployment.

    “We intend to accomplish this by taking the following steps: First, budgetary reform stimulating the economy without engendering inflation will be instituted.

    “Second, industrial policy will utilize the full range of fiscal measures to promote domestic manufacturing and lessen import dependency.

    “Third, electricity will become more accessible and affordable to businesses and homes alike. Power generation should nearly double and transmission and distribution networks improved. We will encourage states to develop local sources as well.

    “I have a message for our investors, local and foreign: our government shall review all their complaints about multiple taxation and various anti-investment inhibitions.

    “We shall ensure that investors and foreign businesses repatriate their hard earned dividends and profits home,” he said.

    *We’ll create agricultural hubs across nation

    Tinubu said rural incomes shall be secured by commodity exchange boards guaranteeing minimal prices for certain crops and animal products, adding that “A nationwide programme for storage and other facilities to reduce spoilage and waste will be undertaken.

    Agricultural hubs will be created throughout the nation to increase production and engage in value-added processing. The livestock sector will be introduced to best modern practices and steps taken to minimize the perennial conflict over land and water resources in this sector.

    “Through these actions, food shall be made more abundant yet less costly. Farmers shall earn more while the average Nigerian pays less.”

    *Monetary policy needs thorough housecleaning

    President Tinubu noted that the monetary policy needs thorough housecleaning, saying the Central Bank must work towards a unified exchange rate.

    “This will direct funds away from arbitrage into meaningful investment in the plant, equipment and jobs that power the real economy.

    “Interest rates need to be reduced to increase investment and consumer purchasing in ways that sustain the economy at a higher level.

    “Whatever merits it had in concept, the currency swap was too harshly applied by the CBN given the number of unbanked Nigerians. The policy shall be reviewed. In the meantime, my administration will treat both currencies as legal tender,” he said.

    *Our foreign policy objective is peace, stability

    Tinubu said, “Given the world in which we reside, please permit a few comments regarding foreign policy.

    “The crisis in Sudan and the turn from democracy by several nations in our immediate neighbourhood are of pressing concern.

    “As such, my primary foreign policy objective must be the peace and stability of the West African subregion and the African continent. We shall work with ECOWAS, the AU and willing partners in the international community to end extant conflicts and to resolve new ones.

    “As we contain threats to peace, we shall also retool our foreign policy to more actively lead the regional and continental quest for collective prosperity.”

  • CSO congratulates Emefiele over National Honour

    CSO congratulates Emefiele over National Honour

    …hails him for preparing ground for Tinubu’s govt economic stability

    The Economic Assessment Unit of the Civil Society Central Coordinating Council has congratulated the Central Bank Governor, Godwin Emefiele on his Commander of the Order of the Federal Republic national honour conferred on him by the outgoing President Muhammadu Buhari on Sunday.

    Head of the Unit, Ihuoma Adaelu in a congratulatory statement described the CBN governor as a pragmatic and transformational leader, who has fearlessly encouraged innovations for economic development.

    According to the group, Emefiele has created change that will shape the future of Nigeria’s economy and as well prepared ground President-elect Bola Tinubu government economic stability.

    The group said, “This national honour of
    Commander of the Order of the Federal Republic is well deserving, because Emefiele’s vision and mission over the years are in tandem with those of the apex bank. He has been focused, fearless even in the face of unwarranted and scathing criticisms. He never shied away from his duties nor allowed emotions to cloud his judgment.

    “Under his leadership, The CBN has become one of the most efficient and effective world’s central banks in promoting and sustaining economic development. CBN has been on the spot since the recent policy on the redesign of the naira, but Emefiele has remained focused in the face of unwarranted criticisms, even by those who do not have a proper understanding of the modern concept of central banking. We commend the outgoing President Muhammadu Buhari for deeming Emefiele worthy of this award, it’s an honour well deserved.”

  • Netizens raise query against Emefiele’s nomination for national honour

    Netizens raise query against Emefiele’s nomination for national honour

    Nigerians have queried the inclusion of the Central Bank Governor, Godwin Emiefele, in the list of recipients of national honours.

    A total of 339 persons were nominated on Sunday by the Federal Government to receive the awards.

    Among those nominated for the category of Commander of the Order of the Federal Republic is the CBN governor.

    Surprised by the development, some Nigerians wondered how he made the list despite calls from different quarters demanding a probe into the failed new naira policy initiated under his leadership.

    The outgoing Zamfara governor, Bello Matawalle, had called for the disapproval of Emefiele’s alleged request for study leave while accusing him of overseeing the mismanagement of the country’s financial and monetary systems.

    He insisted that the CBN governor must stay to give an account of everything that happened under him to the incoming administration.

    Just recently, Kogi lawmaker, Senator Smart Adeyemi, said he should be invited for questioning, while he recalled that the situation the new naira policy was greeted with could have degenerated into anarchy but for the prompt intervention of the judiciary.

    Netizens on the micro-blogging website, Twitter, however, questioned the rationale behind his choice for the honour.

    A user who goes by the handle, Onochie Anyaoku, wrote, “Imagine National Honours on Emefiele? There is no noble practice that Nigeria cannot Nigerianize?”

    @eleyiLagos also wrote, “Emefiele that we will arrest after swearing-in. Asiwaju must collect back that honour. Buhari didn’t use merit to give those honours he has been sharing since January”.

    Another user @TheYemiKing stated that “Godwin Emefiele has just been rewarded with CFR Award by President Muhammadu Buhari for overseeing the shambolic dehumanisation of Nigerians and destruction of the Nigerian economy, especially with his insipid cash confiscation policy.

    A tweep @daemperor007 said, “Emefiele sef collect award. Miracle no dey tire Jesus?”
    On her part, Sade wrote, “This Nation Honours List sha. I am sorry no beefing, but it’s a NO (for me). Seeing names like Emefiele’s on it nullifies it for me…though, some on the list are very dear to me. See no need for this hurriedly compiled list.”

  • Youths leaders, ACJHR hail Emefiele’s CFR National Award, say It’s evidence of hardwork

    Youths leaders, ACJHR hail Emefiele’s CFR National Award, say It’s evidence of hardwork

    Ethnic Youth Leaders and African Centre for Justice and Human Rights (ACJHR), have congratulated the Central Bank Governor, Godwin Emefiele on his Commander of the Order of the Federal Republic national honour conferred on him by the outgoing President Muhammadu Buhari on Sunday.

    The groups in a joint statement signed by ACJHR strategic communication consultant, Chinomso Nduka Edede said, the conferment on Emefiele by Buhari is a sign of appreciation for his hardwork all these years.

    According to the groups, Emefiele’s honor shows that the outgoing President appreciates competence, hard work by those who meant well for the economy of the nation.

    The groups said, “We wish to sincerely commend President Muhammadu Buhari for the thoughtful decision to confer a national honor of Commander of the Order of the Federal Republic on Emefiele. It is a fact that the President’s action is worthy of commendation and it is indeed important that when the right thing is done it is appreciated. Emefiele over the years has worked hard to reposition the apex bank. He understands that central banks in developing countries perform both traditional and non-traditional roles.

    “From the onset of his tenure, he noted that the vision of the CBN draws inspiration from the understanding of the multiple mandates of the Bank to pursue both price and financial system stability as well as provide complementary developmental functions. Emefiele also understood that central banks in developing countries also needed to serve as financial catalysts by performing developmental and promotional activities, because developing countries do not have vibrant capital and money markets. He has never relented and has worked so hard particularly aggressive in development financing, especially in the agriculture and manufacturing sectors. We congratulate him on an honour well deserved.”

  • Nigerians would plead with Tinubu for second term, says Beta Edu

    Nigerians would plead with Tinubu for second term, says Beta Edu

    The national woman leader of the ruling All Progressives Congress (APC), Betta Edu has said Nigerians will beg the President-elect, Bola Tinubu to run for a second term in office after four years in office.

    Edu disclosed this in an interview with Channels Television on Thursday.

    According to her, Tinubu is fully prepared to “hit the ground running” immediately after assuming office.

    The women leader said Tinubu will work on the “low points” of the outgoing administration of President Muhammadu Buhari.

    “I bet on anything, Nigerians would plead with Asiwaju Bola Ahmed Tinubu, four years down the line, for a second term.

    “The first point we must understand is that Nigeria is a work in progress. If you listen to the speech of President Muhammadu Buhari today at the state banquet hall, he stated very clearly that he has fought a good fight.

    “He said he is handing over Nigeria to someone who he believes will continue from where he stops and do better.”

    Edu said Tinubu has a clearly written set of programmes that will be carried out in the first 60 days in office.

    She said, “If you know Asiwaju Bola Tinubu, he is a deep thinker and doer. One who is very strong in terms of analysing and strategising.

    “I can boldly tell you for free that the next 60 days have clearly been spelt out by Tinubu — what he hopes to do, what he hopes to achieve, at what point and where.

    “He fully understands the task ahead of him. He is fully prepared. He wants to hit the ground running.”

     

  • Nigerians deserve no less, I will not disappoint — Tinubu promises

    Nigerians deserve no less, I will not disappoint — Tinubu promises

    The president-elect Bola Tinubu has promised not to disappoint Nigerians who put their trust in him by electing him as president.

    Tinubu made the promise while he was awarded Grand Commander of the Federal Republic (GCFR) – the nation’s highest honour, along with his Vice President-elect Kashim Shettima who was awarded Grand Commander of the Order of the Niger (GCON).

    In his address at the investiture, President-elect said his election to lead the over 200 million people in the country was a goodwill, which came from a place of trust.

    He said, “I am a simple man who is the beneficiary of the support and goodwill of the people of Nigeria.

    “The people have put their trust in us. You have done your part Mr. President.

    “Now, that great duty descends on me. I understand the meaning of the honor given to me today and of the task that awaits.

    “I must run this race and must do it well. On security, the economy, agriculture, jobs, education, health and power and in all other sectors we must make headway. The people deserve no less. In this, I shall disappoint neither them nor you, Mr President.

     

  • Another batch of 143 Nigerians repatriated from Niger Republic – NEMA

    Another batch of 143 Nigerians repatriated from Niger Republic – NEMA

    The National Emergency Management Agency (NEMA), has said that another batch of 143 Nigerians have been repatriated by Niger Republic.

    NEMA coordinator, Kano Territorial Office, Dr Nuradeen Abdullahi, made the disclosure while receiving the returnees at the Mallam Aminu Kano International Airport.

    “The returnees arrived aboard SKY MALI Airlines, operated by Ethiopian airline B737-400 with registration number UR-CQX at about 2:35 pm.

    “They were repatriated to Nigeria from Niamey under the care of the International Organisation for Migration (IOM) through a voluntary repatriation programme.

    “The programme is meant for distressed Nigerians who had left the country to seek greener pastures in various European countries and could not afford to return when their journeys were aborted midway,” Abdullahi said.

    He said the returnees comprised 93 male adults, 22 female adults and 28 children (14 females and 14 males).

    “The returnees are from different parts of Nigeria particularly, Katsina, Kano, Adamawa, Lagos, Enugu and Edo states among others.

    “They will undergo a three-day training programme on how to achieve self-sustainability and will be provided with seed capitals to enable them engage in productive ventures to be self-reliant,” Abdullahi said.