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CSO expresses concern over N250b for fuel subsidy, says it is reason FG went into borrowing

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CSO expresses concern over N250b for fuel subsidy, says it is reason FG went into borrowing

 

Civil Society Organisations in Nigeria operating under the aegis of “Civil Society Coalition for Economic Development (CED) has decried the monthly payment of N250 billion for fuel subsidy.
They further identified the subsidy regime as a major challenge that was forcing the Federal government into external borrowings, while expressing optimism that the end of fuel subsidy would recoup funds into the national treasury well enough for developments.
The coalition expressed the concern that if nothing was done by the Federal government of Nigeria to end the regime, it  would further cause economic catastrophy.
In a 7-point communique after a conference of the Coalition which was held simultaneously in Lagos and Abuja, a copy of which was made available to the Guardian on Friday, the Coalition urged the Federal government to be committed to the planned ending of the fuel subsidy regime, adding that it was the right step towards recovering the nation’s economy.
The Coalition which comprised of 82 Civil Society Coalitions insisted that Nigeria’s economy is being about one of the most volatile in the world, recalling that there was a time a barrel of crude oil was sold for $150, but for the past six years, it has reduced to $60, a situation the group lamented, was unsustainable.
The conference, titled: “Fuel Subsidy Removal in Nigeria”, pointed out, would recycle the economy on the part of productivity and growth, if the amount being paid as cost of fuel subsidies were channelled into provision of infrastructure and other social sectors of the economy.
The communique which was signed by the convener, Com. Yusuf Dan Maitama and the Secretary, Com. Badaru Ayewoh further recommended that fuel subsidy regime should be stopped effective from January, 2022.
Part of the communique reads:  “That the resource persons who are world class researchers in the oil and gas industry extrapolated issues bordering on Nigeria’s oil and gas industry, and identified Nigeria’s major economic challenges as that of active fuel subsidy regime.
“In the group discussions, participants were unanimous that Nigeria was the only country in the world that sustained fuel subsidy regime for the past 20 years.
“The fuel subsidy regime was a capitalist and elitist policy that services only the top-heavy, hence, successive governments found it difficult to implement their economic policies.
“It was pointed out that the Federal government of Nigeria spends N250 billion on fuel subsidy every month. The development, discussants averred was largely responsible for national debts as revenue coming into the Consolidated Revenue Fund (CRF) account are used to settle the fuel subsidy.
The group pleaded with the organised labour not to embark on strike on account of ending subsidies, while they asked the Federal government to forward a budget for N5000 grants to be disbursed to citizens to cushion the effect of fuel subsidy removal in 2022.
“That the Federal Government of Nigeria should end fuel subsidy regime effect from 1st January, 2022 in order the save the sum of N250 billion monthly as the economy of Nigeria has become very fragile given the financial burden orchestrated by the subsidy regime.
“That Nigeria is a monolithic economy  as such, revenue earnings must be jealously guarded and which should be channeled into road construction, power, education, health and development of its youth.
“That the organised labour should be considerate and not to embark on strike action in the circumstance that the Federal government has ended fuel subsidy regime, given the reversal of huge resources back into the Federal government coffers.
“That the Federal government and all stakeholders in the oil and gas industry should strictly enforce the provisions of Petroleum Industry Act (PIA), which came into effect after it was signed into law by President Muhammadu Buhari.
“That the Federal government, private and public sectors should embark on sensitisation of Nigerians on the need for immediate removal of fuel subsidy in order to save the nation from further financial hemorrhage.
“The federal government of Nigeria should forward the budgetary provision of N5000 grant to citizens to cushion the effect of fuel subsidy removal to the two arms of the National Assembly for legislative debate before the passage of 2022 budget.
“The Civil Society Coalition commends the Group Managing Director of Nigeria National Petroleum Corporation (NNPC) Limited for his commitment to the stability of oil and gas industry in Nigeria

Politics

SHOCK: Aiyedatiwa’s Campaign Coordinator Murdered In Ondo

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APC members are reeling from the tragic death of Alaba Abe, also known as Excel, a coordinator of the Lucky Aiyedatiwa Campaign Organisation Foot Soldiers Independent Council (LACO-FSIC) in Akoko South-West Local Government Area of Ondo State.

According to a statement by LACO-FSIC’s State Information Director Kayode Fasua, Excel was fatally shot in front of his residence in Supare town on Saturday, April 27th.

He characterized the deceased campaign coordinator as “resourceful,” further noting that the news has stunned members of the All Progressives Congress (APC) in the council.

The statement reads “The Lucky Aiyedatiwa Campaign Organisation Foot Soldiers Independent Council (LACO-FSIC) on Sunday decried the gruesome murder of one of its ward coordinators in Akoko Southwest Local Government area of Ondo State, Mr. Alaba Abe Excel, with an appeal to the police authorities to protect its members against implacable opponents.

Fasua quoted Mr. Nurudeen Kazeem, the LACO-FSIC Director of Information and Online News for Akoko Southwest, expressing that the incident was a rude shock to APC members in the local council, who were dedicated to the governor’s election in November this year.

In response, Hon. David Ajobiewe, the Director-General for the LACO-FSIC in Akoko Southwest Local Government, also echoed the sentiment, describing the incident as a rude shock.

He said “Excel had been a resourceful coordinator for the Aiyedatiwa campaign organisation in Ward 10 of Supare and was never known to be violent and never had any history of local or domestic dispute.

“We urge the police authorities to step up investigations into his gruesome murder and bring the perpetrators of the dastardly act to book.”

Meanwhile, the Convener of the LACO-FSIC, Dr. Oladipupo Okeyomi, also known as Carry Go, along with Co-convener Prince Biyi Poroye, conveyed heartfelt condolences from Governor Aiyedatiwa, the campaign group, and the APC leadership in Ondo State on the tragic loss.

Similarly, the State Director-General of the LACO-FSIC, who also serves as the state Commissioner for Sports and Youth Development, Mr. Saka Yusuf-Ogunleye, denounced the incident as terrible and unnecessary, expressing sympathy for the family, friends, and associates of the late Excel.

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Politics

Ondo Guber: Abass Mimiko To Fly ZLP’s Flag

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The coming days promise a lot of intrigues in the Ondo State political circle with the former Governor, Segun Mimiko, set to play a big part.

Biztellers reports that delegates of the Zenith Labour Party (ZLP) on Wednesday, in Akure, chose Abass Mimiko as its candidate for the November 16 governorship election in the state.

It was gathered that Abass is Segun’s younger sibling.

He was reported to have been chosen through affirmation in the party’s primary election at its Secretariat.

On emergence, Mimiko assured that if elected governor of the state, his priorities would be education, health, economy, and security.

On if his older sibling would be supporting his ambition, with both of them being in different political parties, Abbas revealed that the former governor would be rooting for him to become Ondo’s next governor.

According to him, “My brother is happy that I am coming out because he knows I would build on his achievements.”

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37 APC Chairmen Pass Vote Of Confidence On Ganduje

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In a show of solidarity, the 37 chairmen of the All Progressives Congress (APC) expressed support for the party’s national chairman, Dr. Abdullahi Ganduje, despite reports of his suspension by his ward in Dawakin-Tofa local government area of Kano state.

The chairmen representing 36 states and the Federal Capital Territory (FCT) conveyed their vote of confidence during a visit to Ganduje at the APC national secretariat in Abuja on Tuesday.

Acting chairman of the APC state Chairmen Forum and Lagos State chairman of the party, Cornelius Ojelabi, stated that those behind the purported suspension were not recognized by the party.

He said, “We are here to let you know that we are solidly behind you. The purported suspension is not from members of the party but coming from people that want to derail the party.

“We’re here to show our solidarity and sincere commitment to appreciate what members of the National Working Committee have been doing in standing by you  by giving you a total support.

“We feel it’s important that the act of that solidarity should not be limited to members of the NWC alone.”

In his retort, Ganduje pointed fingers at Kano State Governor Abba Yusuf, accusing him of orchestrating the purported suspension by impostors.

He derided the move as nothing more than a theatrical spectacle, likening it to scenes one might expect on Africa Magic’s Nollywood channel.

He said, “We were so astonished when we heard the news but we were not surprised when we discovered that the great threat that APC overwhelmingly poses to other parties is real and Kano State is not an exception.

“The government in Kano State is behind this drama. Even the drama is one kind of drama that is called Africa Magic. This is Africa Magic and it is not leading democracy anywhere.

“It is a negative innovation where members who belong to a different political party, not even our members, let alone being elected executive members of either the ward or to the highest level at the state.

He added “Our party cannot be distracted, we assure you. Our attention cannot be diverted. We are focused. We know where we are heading to. We know our objectives and we know to achieve our objectives.”

At the same time, the Ganduje-led National Working Committee of the APC has officially received the report of the party’s Ondo Governorship Committee, headed by Kogi State Governor Ahmed Usman Ododo.

In a formal handover ceremony, Ganduje commended Governor Ododo for his exemplary leadership and acknowledged the committee’s diligent work.

He expressed pride in the governor’s successful execution of the party’s first national assignment under his stewardship.

Ganduje said “This is your first assignment and we are happy that you did well. I was in our Situation Room watching you live while you were declaring the results and I am proud of the way you handled it.”

In his earlier remarks, Governor Ododo expressed gratitude to the APC national leadership for entrusting him and his committee members with such a crucial national assignment.

He highlighted that the committee’s report meticulously documented all events surrounding the primary election, offering comprehensive recommendations to address the aftermath.

Governor Ododo emphasized the importance of these recommendations in fostering party unity and preparing the APC for success in the upcoming November governorship election in Ondo State.

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