Skip to main content

Tinubu Set To Address Nigerians At 7pm, Today

President Bola Tinubu will address Nigerians today (Monday) at 7pm, his spokesman, Dele Alake, has said.

“Television, radio stations and other electronic media outlets are enjoined to hook up to the network services of the Nigerian Television Authority and Radio Nigeria for the broadcast,” Alake said.

The agenda for the broadcast is not yet known as of press time but it might not be unconnected to the economic pain experienced by Nigerians amid the removal of subsidy on Premium Motor Spirit (PMS) known as petrol.

There seemed to be no respite for Nigerians after President Bola Tinubu, in his inaugural speech on May 29, 2023, announced the removal of petrol subsidy.

The president has repeatedly appealed for calm, saying his government is working hard to ensure that Nigerians live comfortably.

Tinubu attributed the current state to labour room pain, saying the gains are on the way.

But with the announcement, the pump price of a litre of petrol rose from N184 to N500.

About two months later, the price jumped from N500 to over N617 on Tuesday, July 18, 2023, eliciting anger and criticisms from economically stranded citizens.

Mid-July, Nigeria’s headline inflation rose to 22.79percent in June from the 22.41percent recorded in May 2023 amid soaring food prices and rising cost of transportation occasioned by the removal of fuel subsidy.

As the economy bites harder, the Tinubu administration announced its plan to pay 12 million household N8,000 subsidy palliative for six months but the move attracted stark rebuke and the Federal Government made a U-turn and ordered a review of the plan.

Meanwhile, the Nigeria Labour Congress (NLC) has issued a seven-day ultimatum to the Tinubu administration to reverse “all anti-poor” people policies including the hike in the price of petrol.

The labour union rejected the palliative to be rolled out by the new administration and threatened to embark on a nationwide protest from Wednesday, August 2, 2023 should the Federal Government fail to do the needful.

Comments

Popular posts from this blog

Ogoni Day: Group Demands Saro-Wiwa, Eight Others' Exoneration, Compensation .Urges Probe Of Wike Over Alleged Diversion Of $300m OML 11 Payment

As the Ogoni ethnic nationality in Rivers State marked the 31st Anniversary of the Ogoni Day, the Ogoni Liberation Initiative (OLI), has reiterated the call on the Federal Government to exonerate late environment-rights activist, Kenule Beeson Saro-Wiwa and eight other Ogonis murdered during the late General Sani Abacha military junta in 1995. The group also called for compensation to Ogoni and families of the four Ogoni chiefs whose death led to the arrest and subsequent execution of Saro-Wiwa and eight others. OLI said it came up with the referendum after consultation with critical stakeholders within and outside Ogoni land and over 200 rights groups. Chief Executive Officer of Ogoni Liberation Initiative, Dr Douglas Fabeke, while reading an 8-point referendum to mark this year's Ogoni Day also demanded the immediate dissolution of the board of the Hydrocarbon Pollution Remediation Project (HYPREP), over alleged  gross mismanagement of funds and incompetence. OLI said Ogoni peopl

Nigeria Lost N16.25trn To Oil Theft, NEITI Alleges

The Executive Secretary of Nigeria Extractive Industries Transparency Initiative (NEITI), Ogbonnaya Orji, has revealed that Nigeria lost over N16.25trillion due to oil theft in the country. Orji, who made the revelation to the House Committee on Public Accounts, during an interactive session in Abuja, also claimed that $74.386billion was spent on fuel subsidy by successive administrations since 2011. According to him, the agency has compiled the actual amount paid as subsidy on yearly basis.  Orji claimed that the compilation was based on data collated and signed off by operators in the industry and other stakeholders. According to him, NEITI also uncovered over $8.3billion unremitted revenue by some privately owned oil firms and Federal Government-owned Agencies which was not paid into the Federation Account, in deviant to provisions in the extant financial regulations. He, however, noted that the agency is working with various enforcement Institutions including Economic and Financial

Our Decisions Not Borne Out Of Fear, But For Peace Of Rivers, Fubara Insists .Says He Won't Involve In Dirty Political Fights

Rivers State Governor, Sir Siminalayi Fubara, has declared that the decisions taken by his administration in the evolving political crisis in the state were not borne out of fear, but for peace to reign in the state. The governor made this known while addressing Rivers people at the maiden state banquet held by his administration at Government House, Port Harcourt on Monday to celebrate the New Year. The governor's position was revealed in a statement signed by the Senior Special Assistant on Media to the Governor of Rivers State, Boniface Onyedi, on Tuesday. Fubara, who wished Rivers people a fruitful and prosperous 2024, also appealed to Rivers people to embrace the ongoing peace process at the instance of President Bola Amhed Tinubu. He stated that his administration would not be enmeshed in any dirty political war that would hinder the prospects of development in the state. "Every decision that we've taken is not borne out of fear but because we have the interest of ou