Former Kwara State Governor, Bukola Saraki, has urged the Federal Government to tackle the alleged corruption in the petroleum industry to win the confidence of Nigerians in its plan to withdraw fuel subsidy. According to him, there is the need for public enlightenment to make the people appreciate the policy. Saraki, who represents Kwara […]
Fresh facts have emerged on the illegal N1.5 trillion spent on oil subsidy by the Presidency as against N240 billion approved for the same purpose by the National Assembly for the 2011 fiscal year. Senator Bukola Saraki had raised the alarm in a motion approved by the Senate last Thursday. He said that the Presidency […]
The Senator representing Kwara Central Senatorial District, Dr. Bukola Saraki at the weekend said the Federal Government might spend a whopping N1.5 trillion on fuel subsidy this year. He added that government expended N600 billion in 2010 alone in subsidising the same products. Saraki, who is the chairman, Senate Committee on the Environment, spoke with […]
By Dr. Leonard Karshima Shilgba, Yola, Nigeria – October, 13, 2011 – The recent revelation of the avowed intention of the Nigerian federal government to remove fuel subsidy and devalue the national currency (the naira) in 2012 should not surprise Nigerians who have observed the conduct of government in Nigeria in the past twelve years. […]
By Haruna Manu Isah, Kaduna, Nigeria – October 10, 2011 – The last time this writer checked the Petroleum Technology Development Fund website was just few days ago and realized that it is already 38 years old. That the Fund was established by a military Decree (Now Act) No 25 of 1973 and before then, […]
Socio critic and former Lagos State Commissioner of Police, Alhaji Abubakar Tsav (Retd.) has described as unreasonable, plans by the Goodluck Jonathan’s federal government to remove fuel subsidy as from January 2012 and called on all Nigerians to resist it. Tsav who was speaking to Daily Sun in his Makurdi residence at the weekend however […]
President Goodluck Jonathan’s government may enter the new year with great economic instability should he go ahead with the removal of the fuel subsidy as he has proposed, as the labour and civil society groups in the country have threatened to bring the nation to a halt and make the country ungovernable should he fail […]
After over seven years of illegally operating the Excess Crude Account (ECA), the Presidency has finally bowed to the National Assembly’s pressure to scrap the account. The ECA, which was created in 2004, during the administration of President Olusegun Obasanjo, with a whopping $9.4billion, was said to contravene section 80 of the 1999 constitution. The […]
Purported move by the Federal Government to remove fuel subsidy has come under virulent criticisms from prominent Nigerians who told government not to try it. Condemning the plan, former Governor of old Kadiuna State, Alhaji Balarabe Musa said the decision would aggravate the poverty in the land. His view was coming even as the former […]
Nigerians should brace up to pay more for petroleum products, particularly for petrol and kerosene. Reason: The prices of the two fuel sources may soar above N180 per litre as from early January 2012, no thanks to plans by President Goodluck Jonathan’s government to deregulate the downstream industry of the oil and gas sector. The […]
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