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Peterside Commends #EndBadGovernance2024 Protesters, Urges FG To Release, Compensate #EndSARS Protesters

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Former chairman of the StanbicIBTC Bank, Atedo Peterside has penned strong emotional letters to #EndBadGovernance2024 protesters, urging them to retreat, without surrendering.

The globally respected investment banker took to his verified handle on micro-blogging site, X to commend the protesters and counsel to rethink to review their actions, to avert miscreants jumping on the boat to give them a bad name.

He counselled the Nigerian government to meet the protesters halfway by granting immediate release and compensation to #EndSARS protesters.

Biztellers reports that some people who were apprehended over the #EndSARS peaceful protests of 2020 were still languishing in detention.

ALSO READ: Adeleke Lauds Peaceful #EndBadGovernance2024 Protests, Assures On Good Governance

His statement on Monday reads, “Dear Protesters,

“If I was seeking popularity, I would shout “No retreat, no Surrender” – but I won’t. I agree with you that FG must immediately release any/ALL #Endsars Peaceful Protesters if they are still being detained and they MUST also be compensated financially.

“If FG is seeking equity, then they must come with clean hands.

“But please the persons destroying pavements, traffic lights and other physical infrastructure in parts of the country are not with you.

“Indeed, they could be your enemies – same applies to those looting. Please distance yourselves from hooligans as much as you can.

“I still plead that you call off the Protests as soon as possible, with a view to regrouping if FG does not get serious about releasing detainees and/or reducing the Cost of Governance etc.

“#EndBadGovernanceInNigeria”

Similarly, Peterside wrote on Sunday, “I doff my hat to those of you who have been protesting peacefully since 01 August. You have shaken Nigeria to the core and dispelled the falsehood that many of our youths are not politically active and/or do not care to demand good governance.

“I beg you in the name of God to please call off the protest now.

“In the aftermath of #EndSars (see my lengthy @AriseTV interview from 2020 attached) I explained that any mass street action that goes on for more than a few days will be infiltrated and overtaken by hoodlums. Please end the protests today (Sunday).

“Poor Nigerians cannot endure protests for more than a few days. You have made your point. Your massive turnout has frightened many people. FG is not deaf. The President has spoken this morning.

“Perhaps even the Legislators have heard you also. If they collectively fail to significantly reduce the cost of governance, stop wasteful expenditures and tighten their own belts or lead by example, please then re-strategise, regroup and call them to order again.

“God bless you all.”

NEWS

TCN Restores Power Supply to Katampe Substation After Shiroro Line Fault

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The Transmission Company of Nigeria (TCN) has restored bulk power supply to its Katampe 330kV Transmission Substation in Abuja following an earlier disruption caused by a fault on the Shiroro–Katampe 330kV Line 1.

The development was disclosed in a statement released by TCN management on Friday, October 9, 2026.

SEE ALSO: Kainji–Birnin Kebbi Power Line: TCN Begins Final Phase of Restoration

According to the statement, bulk power supply was restored to the Katampe substation at 4:15 p.m. through the Gwagwalada–Katampe 330kV Line 1.

TCN explained that the Shiroro–Katampe 330kV Line 1 remains out of service due to a fault, necessitating the use of the Gwagwalada–Katampe line to restore supply to the substation.

The company also announced the suspension of planned maintenance work on the Gwagwalada–Katampe 330kV Line 1 to enable the line to continue supplying the Katampe substation.

The suspended maintenance work involved replacing defective line isolators and the associated earthing switch.

TCN apologised to electricity consumers in the affected areas for any inconvenience caused by the disruption and maintenance arrangements.

 

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NEWS

2027 Elections: FG Warns Politicians Against Promises on Fuel Subsidy

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The Federal Government has warned politicians against making promises that could reverse Nigeria’s economic reforms, insisting that it will not restore fuel subsidy amid renewed debate over the Nigerian National Petroleum Company Limited’s (NNPC) petrol discount.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this during an interview on Channels Television on Friday, saying the government would not bring back subsidies on petroleum products.

“This government is not bringing back subsidy on fuel products. We need to be clear,” Oyedele said.

ALSO READ: NNPC Petrol Discount: Oyedele Explains How Lower Margins Could Boost Profits

The minister also criticised politicians who, according to him, make promises to win elections without fully considering the implications of implementing them.

He suggested that some politicians make sweeping promises during election campaigns only to offer excuses when confronted with the realities of governance.

“I think I would pardon people who say all manner of things because they want to get elected. It’s almost like ‘whatever I need to say, when I get there, I’ll give excuses.’ But we have the data,” he said.

Oyedele added that he felt a personal responsibility not to remain silent about the economic realities known to the government or allow populist positions to push Nigeria in the wrong direction.

“I feel the personal responsibility that I cannot see what I see and keep quiet, or populism to move our country in the wrong direction,” he said.

NNPC Petrol Discount Sparks Fresh Subsidy Debate

The minister’s remarks come amid renewed debate over fuel subsidy following the Federal Government’s announcement of a 30-day petrol discount at NNPC retail stations.

The initiative was introduced as a temporary measure to provide relief to Nigerians amid elevated global crude oil prices and concerns about the cost of petroleum products.

NNPC Retail had also announced a N66-per-litre petrol discount to mark Nigeria’s 66th Independence Anniversary, with the offer scheduled to run until October 31, 2026, across its retail stations nationwide.

The company maintained that the discount was a customer-relief initiative and did not represent a return to the petroleum subsidy regime.

The distinction has become central to the debate, with the government insisting that temporary price relief at NNPC stations does not amount to restoring the subsidy policy abolished in May 2023.

The administration has maintained that the current arrangement differs from the former subsidy system, under which the government intervened to cover part of the cost of petrol.

FG Defends Economic Reforms

During the interview, Oyedele also referred to a World Bank update, saying the institution had acknowledged a reduction in poverty levels and increased spending on infrastructure, particularly roads.

He urged Nigerians not to reverse the progress he said had been made, arguing that the country was approaching a point where the benefits of ongoing reforms should begin to emerge.

 

 

 

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Kaduna Moves to Clear 5-Year Promotion Backlog for 24,000 Teachers

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The Kaduna State Universal Basic Education Board (SUBEB) has commenced a promotion exercise for 24,000 eligible staff as part of efforts to clear outstanding teachers’ promotions dating back to 2021.

The development was disclosed on Friday as the administration of Governor Uba Sani intensifies efforts to address promotion backlogs, recognise teachers’ years of service and improve staff welfare across the state.

The exercise covers outstanding promotions from 2021 to 2026 and is expected to provide eligible teachers and other staff with opportunities for career progression.

SEE ALSO: Kaduna Clears N18bn Pension Arrears, Raises Agric Funding to N100bn

According to the announcement, eligible personnel will undergo an assessment process, after which promotions will be implemented for those who successfully meet the requirements.

The initiative is part of efforts to strengthen the education sector by recognising the contributions of teachers and supporting their professional development.

The state government has emphasised the importance of investing in teachers, noting that a motivated and valued teaching workforce is essential to building a stronger education system.

The exercise is also expected to address long-standing staff concerns relating to career advancement within the state’s basic education sector.

 

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