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FG Cannot Finance Subsidies – Mele Kyari

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Amidst the ongoing fuel crisis, a meeting took place at the Presidential Villa on Tuesday, where Bola Tinubu, the Chief Executive Officer of the NNPCL, Mele Kyari, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, along with others, convened.

 

Following the meeting, Kyari addressed reporters and made a declaration that the Federal Government would no longer be able to finance subsidies.

 

He emphasized that the government had accumulated a debt of N2.8tn to the company, representing the amount spent on petrol subsidies.

 

Kyari said “Today, we are waiting for them to settle up to N2.8tn of NNPC’s cash flow from the subsidy regime and we can’t continue to build this,”

 

Supporting the position of the President, Kyari put forth his argument that the continuation of subsidy payments had become unsustainable, as it posed challenges for the company in financing its essential operations.

 

He said, “Since the provision of the N6tn in 2022, and N3.7tn in 2023, we have not received any payment whatsoever from the Federation. That means they (Federal Government) are unable to pay and we’ve continued to support this subsidy from the cash flow of the NNPC.

 

‘’That is when we net off our fiscal obligations of taxes and royalty, there’s still a balance that we’re funding from our cash flow. And that has become very, very difficult and affecting our other operations.

“We’re not able to keep some of this cash to invest in our core businesses. And the end result is that it can be a huge challenge for the company and we have highlighted this severally to the government that they must compensate and NNPC they must pay back an NNPC for the money that we have spent on the subsidy.”

Kyari expressed his dissatisfaction with the federation’s inability to settle the outstanding N2.8 trillion subsidy bill.

 

He acknowledged that the reemergence of petrol queues across the country was expected, as marketers sought to comprehend the implications of the President’s statement that “subsidy is gone.”

 

The uncertainty surrounding this announcement led to consumer panic-buying, resulting in long queues at petrol stations.

 

In an effort to alleviate the impact of subsidy removal, Kyari assured the Nigerian public that the government would implement measures to mitigate the effects.

 

Faruk Ahmed, the CEO of the Nigerian Mainstream and Downstream Regulatory Authority, also joined Kyari and emphasized that the federal government would not impose any price cap on the sale of petroleum products within the country.

 

Acknowledging that the President’s announcement had led to long queues forming at filling stations, Kyari reassured Nigerians that the company had ample storage and supply of Premium Motor Spirit (PMS) for over 30 days urging citizens not to engage in panic buying.

 

Kyari further mentioned that the company was in talks with the Nigeria Midstream and Downstream Petroleum Regulatory Authority to establish a framework for implementing the removal of the PMS subsidy, as announced by the President.

 

 

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I’ll Remain In Custody Until The Joke Is Over – Sowore Rejects Bail

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Human rights activist, Omoyele Sowore has rejected the bail conditions set by the Nigeria Police Force (NPF) following his invitation for questioning over a viral video he posted, which highlighted alleged extortion by police officers on the Murtala Muhammed International Airport Access Road in Lagos.

In a post on his X account on Monday, Sowore stated, “I have rejected a bail condition asking me to present a level 17 Permanent Secretary. Instead, I have offered to remain in police custody pending when the joke is over with.”

This came after Sowore was informed by the Deputy Inspector General of Police at the Federal Intelligence Department (FID) that bail would be granted pending the completion of the investigation into the matter.

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The police have charged Sowore with multiple offenses, including resisting and obstructing public officers, disobedience to lawful orders, acts intended to cause harm, cyberstalking, and refusal to assist public servants.

This follows his recording of a video in which he confronted officers allegedly setting up roadblocks for the purpose of soliciting bribes.

Sowore’s decision to reject the bail conditions stemmed from his refusal to accept terms that he deemed unreasonable and compromising.

“I have also advised the DIG that in accepting ‘bail,’ I will not agree to conditions that compromise my innocence, dignity, and integrity. If such unreasonable conditions are imposed, I will choose to remain in detention until I am charged to court,” he added.

Sowore further criticized the investigation, calling it an exercise in impunity and asserting that no crime had been defined in relation to his case.

Earlier, Sowore revealed that he had completed his “interview” with the police at the Force Intelligence Department (FID) in Abuja, where he was questioned about the viral video. “

The police relied on a rehashed set of information sourced mostly from the internet,” Sowore explained.

When he asked them to identify the location of the alleged crime, they provided a vague response, mentioning only the airport road. He chose not to provide a written statement, noting that in the absence of a defined crime, there was no need for such a process.

Sowore also reported that the police took a break during the session, later informing him that they were awaiting further instructions from higher authorities.

He expressed concern that the police were planning to take him to Lagos for a “kangaroo trial.” “It seems their plan is to detain me and take me to Lagos for a kangaroo trial. However, I am prepared to face any consequences,” he said.

In a direct challenge to the leadership of the Nigerian police, Sowore reiterated his stance against the current Inspector General of Police, Kayode Egbetokun, whom he accused of extending his tenure illegally.

“I made it clear to the team that the matter revolves around my publicly stated view that the Inspector-General of Police, Kayode Egbetokun, who is due for retirement and clearly tired, had his tenure extended illegally,” Sowore stated.

Despite the mounting pressure, Sowore remained resolute, asserting that his fight for justice would continue.

“We are entering a promising year, and our fight for justice will persist,” he concluded, with the hashtag #RevolutionNow, further solidifying his commitment to advocating for human rights and challenging the impunity within Nigeria’s police force.

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Sokoto Commences Payment Of N70,000 Minimum Wage

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18-year-old student stabs 2 students over Football Argument In Bauchi

The Sokoto State Government, led by Governor Ahmed Aliyu, has announced the implementation of the revised N70,000 national minimum wage for all state civil servants, local government employees, and the Local Government Education Authority.

This new policy will take effect on Monday, signaling a significant step towards improving workers’ welfare in the state.

Governor Aliyu, in a statement issued by his Press Secretary, Abubakar Bawa, emphasized that the new minimum wage reflects his administration’s commitment to ensuring the well-being of Sokoto’s workforce.

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He also encouraged civil servants to match the gesture with greater dedication, professionalism, and hard work.

“With the commencement of the payment of this new national minimum wage, we expect renewed commitment, hard work, punctuality, and, above all, seriousness from our civil servants,” the governor remarked.

Aliyu also reassured workers that his administration is committed to maintaining timely salary payments, with salaries to be paid between the 19th and 22nd of each month.

This consistent schedule is designed to further solidify Sokoto State’s reputation as a worker-friendly administration.

In addition to the new wage policy, the governor has placed a high priority on clearing the backlog of unpaid gratuities owed to retired workers.

A total of N500 million will be allocated monthly to offset these outstanding payments, with an additional N300 million designated for retirees who left service in 2023 and beyond.

Governor Aliyu assured the public that by the end of his tenure, no civil servant would be left owing gratuities.

“This strategic approach ensures that by the end of my administration, no civil servant will be owed gratuities,” Aliyu stated, highlighting the stark contrast with previous administrations where salary delays often stretched beyond 50 days, leaving workers facing financial uncertainty.

 

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‘Corruption Fighting Back’ – Kano Anti-Corruption Boss Speaks On Arrest

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Muhuyi Rimingado, the Chairman of the Kano State Public Complaints and Anti-Corruption Commission (PCACC), has accused a suspect under his agency’s investigation of orchestrating his recent arrest.

Rimingado, who was detained last week, described the incident as a direct consequence of his work in tackling corruption, asserting that “corruption is fighting back.”

Appearing as a guest on Channels Television’s The Morning Brief programme on Monday, Rimingado explained that the arrest was part of a larger attempt to undermine his efforts.

READ MORE: ‘I Won’t Back Down On Exposing Corruption On JAMB,’ – Ex-Official Tells Court

“When you fight corruption, corruption will fight back. Anti-corruption fight (is) fair but corruption fight is dirty,” he said.

Rimingado revealed that three federal agencies had been mobilized against him, alleging that “there are lots of activities going around targeted against my person.”

He connected the arrest to an investigation into a massive fraud case involving the former Managing Director of the Kano Agricultural Supply Company Limited (KASCO).

According to Rimingado, his commission uncovered that N4 billion of Kano State Government funds had been siphoned through various entities.

As part of the investigation, his commission seized assets linked to the crime in accordance with legal procedures. After charging the accused to court, Rimingado said the suspect sought to unlawfully seize the evidence.

“He came up with a series of tactics to snatch away the exhibit of the crime, and that is not allowed in law,” he explained.

To prevent tampering, Rimingado’s commission moved the seized property to a safer location.

He believes that this action prompted the police to arrest him, stating, “When they cannot wait for the court processes and they know they cannot succeed in that case, they now activate the police to arrest me.”

The police officers who detained him accused him of abuse of power, mischief, and trespass, charges Rimingado vehemently denied. “My commission is empowered by law to prosecute suspects of corrupt practices,” he stated.

As of now, the police have not issued any comment on the ongoing developments.

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