Author: The Nation

  • Plateau to clear N11.5b salary backlog with N15b loan

    Plateau to clear N11.5b salary backlog with N15b loan

    The Plateau State Government yesterday said it had approached United Bank for Africa (UBA), not Jaiz Bank, for a N15 billion loan.

     It explained that the loan would be used to settle the state’s N11.5 billion salary backlog allegedly accumulated by the previous administration.

     The government added that the balance would be used to procure fertilizer for farmers for the current farming season.

    Read Also: Gunmen kill three miners, injure two in Plateau

     It said the decision followed the Mutfwang administration’s desire to fulfil its campaign promises to civil servants and farmers.

     The government in a statement issued in Jos by the Special Adviser to the Governor on Legislative Duties, Nuhu Abok, urged the public to disregard social media reports claiming that the state government was already processing such a loan from Jaiz Bank.

     “The loan being processed is to be used to settle the N11.5 billion salary backlog as accumulated by the previous administration and the rest will be used for procurement of fertilizer for farmers,” Abok said.

  • Rohr recalls bizarre moment with Super Eagles

    Rohr recalls bizarre moment with Super Eagles

    German coach Gernot Rohr cannot forget in a hurry a bizarre moment involving the immediate past Minister of Youth and Sports Development, Sunday Dare during one of his training sessions with the Super Eagles.

    Recalling some of his bizarre moments as a coach in Africa, the former Bayern Munich defender described his curiosity at the Samuel Ogbemudia Stadium in Benin on 13th November 2021 when Dare came calling.

    In an interview with Bayern Munich website, Rohr said: “Just a few! Only recently, in my first game with Benin against Rwanda, the ball just wouldn’t go in. Suddenly, a fan ran onto the pitch, grabbed the goalkeeper’s white towel and disappeared with it.

    “My assistant explained to me that the towel had bewitched us. And sure enough, five minutes later, we scored the equalizer [laughs].

    Read Also: 2023 AFCON Race: Rohr opens Benin account against Rwanda

    “ Two years ago in Nigeria, suddenly the minister of sport turned up at training with 40-50 journalists and wanted to join in the football. I was perplexed. My assistant said we had to let him join in, otherwise we’d all be gone tomorrow. Without further ado, we added a circle game for him and everything was fine.”

    Rohr, who marked his 70th birthday on Wednesday, said he celebrated with friends and family in his new base in Cotonou, Benin Republic capital even as target AFCON qualification with the Cheetahs.

    He said: “Benin have never been to a World Cup, nor were they at the last Africa Cup of Nations, but I sense a spirit of optimism here. People want to build something with young players. Participating in the 2026 World Cup would be a dream. Africa will no longer be represented by five countries, as it was last time, but by nine or even 10, if a team still qualifies via the play-offs.”

    “First, however, we are fighting to qualify for the Cup of Nations in 2024, for which we have to finish second in our group of four. We’re currently second [at the time of the interview] after we were awarded a win. In our recent 1-1 draw against Rwanda, the opponent had an ineligible player on the pitch. Now we have to play Senegal and Mozambique,” he added.

  • IFA Women’s World Cup 2023: Oluremi Tinubu to lead Super Falcons’ send-forth

    IFA Women’s World Cup 2023: Oluremi Tinubu to lead Super Falcons’ send-forth

    Her Excellency, Wife of the President, Senator (Mrs.) Oluremi Tinubu will tomorrow leads top dignitaries which will include the Permanent Secretary in the Federal Ministry of Sports and Youth Development, Ismaila Abubakar and his counterpart in the Federal Ministry of Women Affairs and Social Development for the send-forth dinner for the World Cup-bound Super Falcons, ahead of the team’s departure to participate in the 9th FIFA Women’s World Cup finals taking place in Australia and New Zealand, July 20 to August 20.

    A good number of the playing body, as well as technical and administrative officials, are expected alongside the hierarchy and rank and file of the NFF, led by the President, Ibrahim Musa Gusau and the General Secretary, Mohammed Sanusi.

    The event at the Transcorp Hilton Hotel, Abuja will also attract corporate chieftains, members of the diplomatic corps and a range of football stakeholders.

    However, today at the Transcorp Hilton, the Australian High Commission, courtesy of the Ag. High Commissioner, Her Excellency Leanne Johnston, will host the Falcons to a dinner at the High Commission in Abuja.

    Read Also: Women’s World Cup: FIFA to protect Super Falcons, others from abuse

    The nine-time African champions will depart the shores of Nigeria on Sunday July 2, for a 15-day camping programme in Australia, before they enter into camp for the tournament proper, with their base at Brisbane – which is also venue for two of their matches in the group phase.

    Nigeria’s first match of the finals is against Canada, at Melbourne’s Rectangular Stadium, on Friday, 21 July, before clashes with co-host nation Australia and Republic of Ireland on Thursday, 27 July and Monday, 31 July respectively, at the Lang Park in Brisbane.

    Australia and New Zealand 2023 will be the biggest-ever FIFA Women’s World Cup finals in history, as it welcomes 32 teams – same number as featured in the men’s finals in Qatar last year.

    Nigeria’ captain Onome Ebi will be one of the oldest players at the tournament, at 40, alongside Brazil’s Marta and Canada’s Christine Sinclair. The three women will be featuring in their sixth FIFA Women’s World Cup tournament.

  • Fubara orders probe as building collapses, injures four

    Fubara orders probe as building collapses, injures four

    Rivers State Governor  Siminalayi Fubara has ordered an investigation into the collapse of a two-storey building in Port Harcourt.

      Four persons were injured in the incident at the Ada George area of the state capital on Wednesday.

     Commissioner for Special Projects, Chukwuemeka Woke, who visited the scene, said that Fubara also directed relevant government agencies to arrest and interrogate persons handling the building project.

    Read Also: Fubara knocks OGFZA for ‘failing to improve Rivers’ economy

     He said: “The Ministry of Urban Development is to take immediate action by conducting site investigations, and site inspections, destructive testing and non-destructive testing of collapsed structural elements to establish their strength by the determination of the yield strength of the reinforcements and sieve analysis of the soil at the site, to ascertain the immediate and remote causes of the building collapse.

     “If there is any compromise by those involved in the project, they will be prosecuted to serve as a deterrent to others”.

     He also visited the injured victims at the hospital.

  • IGP mourns retired CP Akinremi

    IGP mourns retired CP Akinremi

    Acting Inspector-General of Police  (IGP) Olukayode Egbetokun, yesterday commiserated with the family and loved ones of retired Commissioner David   Akinremi.

    Force Public Relations Officer,  Olumuyiwa Adejobi, said that Egbetokun described Akinremi as a distinguished and highly respected member of the law enforcement community.

    The Acting police boss added that Akinremi served with unwavering dedication and made significant contributions to the safety and security of the country.

    Read Also: We will improve security, IGP assures

    “His commitment to upholding the rule of law, protecting the rights of citizens and maintaining peace within our communities was exemplary,” said Egbetokun.

     Akinremi was a former commissioner of Police in charge of Taraba State, head of the IGP X-Squad, and deputy Force Secretary at the Police  Headquarters, Abuja.

     Until his death on Sunday, he was the Commander of the  Ogun State Security Network Agency (Amotekun).  

  • Tinubu to governors: be ready,  let’s fix economy together

    Tinubu to governors: be ready, let’s fix economy together

    • Shettima, Akpabio, Abbas, governors celebrate Eid with President in Lagos

    Be ready to work with me to fix the economy, President Bola Ahmed Tinubu told governors in Lagos yesterday.

    He promised to operate an open-door policy.

    The President was busy as a bee on the 30th day of his administration.

    He started with whistle-stop visits to two leading traditional rulers in Ogun State – the Awujale of Ijebuland Octogenarian Oba Sikiru Adetona in Ijebu Ode and the Alake of Egbaland Oba Adedotun Aremu Gbadebo in Abeokuta – to say thank you.

    On his return to Lagos, he attended a grand reception organised by Governor Babajide Sanwo-Olu at the Government House in Marina.

    Governors across party lines, All Progressives Congress (APC) leaders, and the leadership of the National Assembly, among others, attended the event.

    Another major highlight of the reception was the joint presentation of a gift to the President, who is the first Lagos State Governor of the fourth republic, by his three successors Babatunde Fashola, Akinwunmi Ambode and Sanwo-Olu. 

    It was the first time Ambode was seen with Tinubu since he left office in 2015.

    Tinubu told the governors led by Nigeria Governors Forum (NGF) Chairman AbdulRahaman AbdulRazaq (Kwara) that with their support and the bold steps he is taking, Nigerians are assured of a better future and Renewed Hope.

    He said: “I promise to work with the governors through an open door policy that will return Nigeria from the brink to a resilient economy. Be ready you governors.

    “I know what I’m going to do from Monday, Tuesday, Wednesday, and so on, and I want us to be partners so that we can rescue our country and make it whole again.”

    President Tinubu also thanked party members for keeping faith in him during the long and tortuous journey to the presidency.

    He added: “I’m very grateful. I thank my Vice President. You shall receive the joy of giving, the joy of perseverance, joy of resilience and endurance. You will see the reward for this country; it’s going to prosper and be prosperous.

    Read Also: Tinubu: How I invoked the spirit of Emilokan to win

    “I say thank you to all of you and I appreciate tonight. I will continue to appreciate more when we work together to dissect the possible economic prosperity of our nation in favour of our children. 

    “I’m also glad to see former Governor Akinwunmi Ambode. Thank you, Akin. God bless you all.”

    Speaking on behalf of NGF, AbdulRazaq, pledged that state chief executives, regardless of party affiliations, were ready to cooperate and work with the President to ensure the country becomes better and safer for all citizens.

    He said: “NGF is excited that both the President and Vice President are alumni of the Governors’ Forum. We are committed to work with a federalist who worked to get things done in a truly federal system. We reiterate our support for a renewed hope agenda regardless of our parties.”

    The APC governors at the reception were led by Progressives Governors Forum (PGF) Chairman Hope Uzodimma (Imo).

    Bayelsa State Governor Duoye Diri represented the Peoples Democratic Party (PDP) and Abia State Governor Alex Otti represented the Labour Party (LP).

    Other governors were Dapo Abiodun (Ogun), Abdullahi Sule (Nasarrawa), Babagana Zulum (Borno), Fr. Hyacinth Alia (Benue), Bassey Otu (Cross River), Yahaya Bello (Kogi) and Acting Governor Lucky Aiyedatiwa (Ondo).

    Senate President Godswill Akpabio reaffirmed the National Assembly’s resolve to work harmoniously with the President, telling him: “The National Assembly belongs to you, and all Nigerians.”

    Governor Sanwo-Olu told Tinubu: “Lagos is proud of you”. He also expressed confidence in the president’s ability to offer good leadership.

    He said: “I’m sure you will all agree that since he took his oath of office as the president of the largest black nation, we have seen uncommon pronouncement, uncommon audacity of change, a renewed hope that he promised us. 

    “I’m also proud of him to say that this is a tenure that begins with a promise of change and, within a short time, we are beginning to see that change. 

    “Mr President, your ascension to the seat was greeted with great war and expectations. We believed in you as a leader, a builder of men, talents, and a custodian of the best ideas of governance. 

    “I’m happy to say that indeed you are our Grand Commander-in-Chief of the Armed Forces and President of the Federal Republic of Nigeria. 

    Read Also: Be patient, I’m taking baby steps, Tinubu tells Nigerians

    “You’ve catalysed a series of economic interventions, and policy changes, and you have sown the seed of future prosperity. 

    “Your administration has rekindled the attitude of resilience and integrity among fellow Nigerians.

    “We are confident that under your leadership, Nigeria will reach unprecedented heights. 

    “We stand in solidarity with you in bringing your great vision for Nigeria to life, and we will join hands with the president to rebuild Nigeria.”

    Former Minister of Works and Housing Babatunde Fashola also reiterated the need to support the president to succeed. 

    “Nigeria’s presidency is not a one-man job. He should be supported to succeed. 

    “Six of his policies in Lagos, as governor, have stood the test of time and have been adopted in other states and so I urge the governors to support policies that will be introduced by the president.”

    Other dignitaries at the event include First Lady Oluremi Tinubu, House of Representatives Speaker Tajudeen Abbas, Lagos State Deputy Governor Obafemi Hamzat, former Kano State Abdullahi Ganduje and former Lagos Deputy Governor Femi Pedro.

    The others are the APC National Chairman Abdullahi Adamu, National Secretary Iyiola Omisore, State Chairman Cornelius Ojelabi, Chairman of Nigeria Diaspora Commission (NiDCOM) Abike Dabiri-Erewa, Adejoke Orelope-Adefulire, Chief of Staff to the President Femi Gbajabiamila, and members of the Governance Advisory Council (GAC).

    Business leaders were led by Alhaji Aliko Dangote and Alhaji Rasak Okoya. Royal fathers of Awori extraction were also present at the reception.

  • Eid ground clash: ‘Adeleke’s account illogical’

    Eid ground clash: ‘Adeleke’s account illogical’

    • •Senator, governor disagree

    Former Senate spokesman Ajibola Basiru yesterday faulted Osun State Governor Ademola Adeleke on Wednesday’s clash at an Eid praying ground in Osogbo.

    He said the governor “surrounded himself with incompetent people”.

    The clash at the Oke-Baale area of Osun State followed disagreements over the sitting arrangement on the first row.

    It resulted in the governor storming out of the venue without observing two Rakat prayers.

    But Basiru told reporters yesterday that some of Adeleke’s aides were not representing him well.

    He said: “I pity the Governor of Osun State; he is surrounded by people who don’t know how to represent him very well and those who are supposed to be his handlers are people who are pushing illogical narratives for him and I will give you two examples.

    “The spokesperson said some hoodlums were seen in about three buses at the Eid ground and up till today nothing has happened in terms of arresting and bringing them to book.

    “The governor left the premises, leaving those thugs in the venue without arresting them up till now and he is supposed to be the chief security officer, who swore to the Constitution.

    Read Also: Adeleke surrounded by incompetent aides—Senator Basiru

    “Section 14 states that security and welfare are paramount responsibilities of the governor, so that statement by Olawale Rasheed is an indictment on the governor himself. Maybe he does know the implications on the office of the governor.

    “To also say the governor arrives at a place to meet such a situation means that the security around the governor is also porous because there is supposed to be an advance team that would have gone to do security reconnaissance. Two things would have happened; either they are inefficient or outright liars.”

    He added: “I am a Muslim but I don’t mix politics and religion. Some people pretend to be what they are not to appeal to voters.

    “It is also ironic that for somebody who is a Muslim, no matter how hard it is, no matter the issues involved – to observe a two-Rakat prayer should not be an issue. He stormed out of the Eid and after that, his spokesperson said he went to do thanksgiving.

    “I don’t know if it was a Muslim, Christian, or traditional thanksgiving because there is nothing like thanksgiving in Islam. For me, as our people begin to grow and demand good governance from public officials, as we begin to pay our taxes, they will take governance seriously and won’t let anybody deceive them using the primordial sentiment of religion.”

    But the governor’s spokesperson, Olawale Rasheed, accused Basiru of being behind the violence at the Eid ground.

    Read Also: Adeleke, Basiru clash at Eid prayer ground

    He said: “The governor’s handlers are more than competent, hence the superlative performance of the administration in the last seven months. There was an advance team that had secured a space for the governor.

    “SRJ hijacked the space and refused to vacate the space when approached by protocol officers first and later by Osogbo leaders.

    “The handlers are smarter because SRJ’s agenda was to create violence and stampede which he planned to blame on the governor. The presence of armed thugs was to kill and create a stampede, all of which would have been blamed on the governor.

    “But the team was smarter, hence the governor leaving the venue and denying dark minds of their yearnings for blood. Again, the right thing was done by the police who quizzed the culprit, SRJ. Ongoing is an investigation by the police.

    “Ours is a law-abiding administration. The governor escaped an assassination attempt, and the worshippers escaped the stampede that would have claimed the lives of innocent citizens.”

  • Igbo leaders seek diplomatic solution to Lagos market demolitions

    Igbo leaders seek diplomatic solution to Lagos market demolitions

    Imo State Governor Hope Uzodimma will today meet with his Lagos State counterpart, Babajide Sanwo-Olu, over the demolition of some plazas at the Alaba International Market in Ojo.

    Uzodimma, who chairs the Progressives Governors’ Forum, an umbrella body of governors elected on the All Progressives Congress(APC) platform, was delegated by political and private sector leaders from the Southeast to carry out the task.

    The leaders took the decision during their meeting at the Ikoyi, Lagos  residence of billionaire businessman and chairman, Chikason Group., Chika Okafor.

    At the meeting, they called for a diplomatic solution to the demolitions at the international market.  

    Enugu State Governor Peter Mba; Deputy Speaker of the  House of Representatives   Benjamin Kalu; former President, Pharmaceutical Society of Nigeria  Sam Ohuabunwa,  Sanwo-Olu’s Special Adviser on Drainage,  Joe Igbokwe and Representative of the Igbo Intelligentsia Forum,  Chris Maduka were among those at the parley.

    Uzodinma expressed joy that the Igbo were discussing solutions to their problems.

    Read Also: Court restrains Abba from demolition of buildings

    He said: “The Igbo have courage. Our work is to unite the people for a peaceful and prosperous Nigeria. The  Igbo have to be innovative. I will meet with Lagos Governor tomorrow (today) to find the ways out of the issues at hand.”

    Also, Mba said the Igbo have to promote private-sector-led enterprises. He added that the Southeast governors were already discussing a common market for the region.

    One of the speakers, Chief Ben Obi, said the Igbo should begin to build bridges and contribute more to a stable government.

    He said: “We are not enemies of the government in power. The elections are over, and now is the time to work together and support the government in power. There is also a need to canvass for Igbo rights as good citizens of Nigeria”.

    While another speaker,   Chief Jerry Chukwueke, called for the restoration of normalcy between the Alaba Market Traders and the government of Lagos State,  Maduka, said what was happening to the Igbo in Lagos was historical.

    He suggested that it should be resolved diplomatically.

    “Let us remind the Igbos that what is happening is historical, and symbolic. What we are seeking is a diplomatic solution,” Maduka said.

  • Reforms: Tinubu appeals to Nigerians for endurance

    Reforms: Tinubu appeals to Nigerians for endurance

    President Bola Tinubu yesterday urged Nigerians to bear with the discomfort arising from his reforms, saying that it is temporary.

    He said ‘Renewed Hope’, which emphasizes his campaign promises, will be faithfully implemented and bring relieve to the masses.

    President Tinubu reiterated his determination to turn the country around during his thank you visit to Ogun State.

    At the palaces of the Awujale Oba Sikiru Adetona, Alake of Egbaland, Oba Adedotun Gbadebo, he admonished Nigerians to demonstrate the virtue of good citizenship by cooperating with his reform-driven administration.

    Eminent Nigerians including business mogul Dr. Mike Adeniyi Adenuga, Chairman of Globacom Nigeria Limited, former Ogun States Governor Olusegun Osoba, Gbenga Daniel and former Deputy Governor Adegbenga Kaka, were among dignitaries that received him at Ijebu-Ode.

    The President, who flew in chopper from Lagos, was accompanied by National Security Adviser (NSA) Nuhu Ribadu.

    President Tinubu also defended his victory, recalling that during the February 25 poll, he triumphed over the ineffective cashless policy of the Central Bank of Nigeria (CBN).

    The President, who recalled that he had been a refugee in the past, said Nigerians should be proud of their citizenship.

    According to a statement by his Special Adviser on Special Duties, Communication and Strategy, Mr Dele Alake, the President, who promised to fulfill his promises, appealed for prayers from the residents of Ogun State to ensure progress and stability in the country.

    He said: “I have redeemed my pledge that I will come back with victory and the crown.

    “The hope is recharged; the hope is here. That hope will never fail. That hope will recharge your lives in a positive manner.

    “By the grace of Almighty God, we shall reap the fruits of our labour, Nigeria will see positive change, just endure these baby steps of pain.

    “This country is the only one we have. I have been a refugee and I know what it means to be a refugee and my green passport is what I still have now.”

    At Awujale’s palace, President Tinubu said he was optimistic about victory in the last election, despite the ineffective cashless policy implemented by the CBN.

    Reflecting on the challenges in the build-up to the poll, the President recounted his concerns about the confiscation of funds and the failure of the cashless policy, and how he had previously sought wisdom and guidance from Oba Adetona during his visit to the palace.

    The President said he had invoked the spirits of freedom and determination, symbolised by ”Baba Emilokan”, to overcome the obstacles.

    Read Also: Tinubu’s renewed hope greater than Ulasi, Asari Dokubo outbursts — Onoh

    Tinubu said: “Our monies were confiscated. The cashless policy didn’t work. It was terrible then. I realised that I came to Ogun State to invoke the spirit of freedom, which we are noted for.

    “I invoked that spirit twice. The spirit of Baba Emilokan. That’s Baba. Being blunt, being decisive, that’s him, he will tell you. The second spirit is that money or no money, we will do the election and we will win.”

    President Tinubu, who maintained that these spirits had been the driving force behind his service, thanked Oba Adetona, other monarchs, elected officials, particularly his ‘personal friend’, Gbenga Daniel, the senator representing Ogun East, for their loyalty and commitment during those crucial times.

    Turning to Oba Adetona, Tinubu described his visit to Ijebu-Ode as a homecoming.

    “The way you have taken me, the way you have responded to me, all I can say is thank you. May you live long and may you witness a prosperous Nigeria.”

    The president also acknowledged the presence of Globacom Chairman, Chief Mike Adenuga, hailing his contributions to the economy.

    In Abeokuta, President Tinubu thanked Oba Gbadebo, describing him as a great leader.

    In separate remarks at Ijebu-Ode and Abeokuta, Ogun State  Governor Dapo Abiodun thanked the President for the visit, describing him as a man of uncommon grace and a living testimony of resilience.

    Noting that Tinubu is a visionary, the governor said his pronouncement in the first few weeks in office have defined that he was prepared and qualified for office.

    Oba Adetona and Oba Gbadebo, in separate remarks in their palaces, commended President Tinubu for his leadership, acknowledging him as an instrument of God chosen to rectify past shortcomings.

    They offered prayers for the President’s guidance and good health, urging Nigerians to support his administration.

    Oba Babatunde Ajayi, the Akaraigbo of Remoland, who commended the President for hitting the ground running, said that the people needed urgent palliatives to mitigate the effects of the current challenges.

    He lauded the wise decisions so far taken by the administration, reminding the President of his promise to bring development to Remo.

    Oba Ajayi added: “I remember when you came to the palace and all we said is our dream is for you to go and win the primaries, and that once you win the primaries, I’m sure that God will take us there. I’m glad that God took us there.

    “I want to remind you of what you said when you came to Remo. You said with the proximity of Shagamu to Lagos, you were surprised at the level of development in Remo. This is the time Mr President to walk that talk.”

  • IPMAN cautions against hike in petrol price

    IPMAN cautions against hike in petrol price

    The Independent Petroleum Marketers of Nigeria (IPMAN) yesterday cautioned the Nigerian National Petroleum Company Limited (NNPCL) against further increase in petrol price. 

    Its National Vice-President Abubakar Maigadi warned that further increases would not favour the market especially now that the demand for the product has dropped.

    He said: “We are waiting for the new consignment of petrol for July to come before we can know what NNPCL plans. 

    “But it is not good for there to be a change of price in July. This is just our advice. It will not augur well when they change the price. We are advising NNPCL not to change the price.”

    But IPMAN’s National Operations Controller, Mike Osatuyi, described the current petrol prices as transitional.

    Osatuyi said the prices may rise to N700 in some parts of the country beginning tomorrow.

    He said: “The petrol being sold now is old stock- the ones on the high sea, tanks and filling stations- they are all stocks ordered before the subsidy removal.

    “Right now, nobody has imported petrol. People who want to import have to go and source for Forex on their own. We are trying to access funds and place orders for the product. Delivery cannot be earlier than 28 days after an order.”  

    On why prices may hit N700 per litre, Osatuyi said: “With a current exchange rate standing at N770 to a dollar today, if you now configure that into the template of $70 a barrel of crude, what do you think that will translate to? A 45, 000-litre tanker of petrol now comes at N23 million.

    “Based on a template we have worked, Lagos price will be about N610 a litre and in the farther parts of the country like Maiduguri, it will be like N700. This price will be the basic. Anybody with a superior argument should challenge me.

    “The current price of petrol we are buying is a ‘’transition price’. We are not even talking about the VAT (Value Added Tax) that has been gazetted on all petroleum products. So, once that is affected, then it has to be added to the litre price. I don’t want to create panic that’s why I left it at N700.

    “Even the NNPCL price per litre will still increase because of the new forex rate at which the firm will import petrol.

    “Remember that NNPCL is now operating as a company; it won’t enjoy crude oil swap deals again; it will buy forex at the same price as us. There is no more arbitrage in the sector. It is now how each marketer is able to drive his efficiency that will bring down his cost and the quality of service rendered.”

    President Bola Tinubu explained yesterday that petrol subsidy was removed to stop the bleeding of Nigeria’s economy. 

    He added that it was expedient for the action to be taken to re-engineer the control and management of the nation’s resources.

    Read Also: Petrol price increased by 54.52% in one year

    He spoke at a reception for him at the State House in Marina, Lagos to celebrate Eid-el Kabir.

    The President, at the reception hosted by Lagos State Governor Babajide Sanwo-Olu, said Nigeria could no longer be neighbouring countries’ Father Christmas while its economy bleeds.   

    His words: “We had no choice but to re-engineer the effectiveness of control and management of our resources to meet the obligation of our oath. I’m standing here, assuring you that I will not relent in working with available resources to cater for Nigerians.

    “We can afford to be Father Christmas to the neighbouring countries, but we can’t just afford a petroleum subsidy and a sinking hole around the foreign exchange.

    “Yes, I could have said I want a share of my benefits and participate in the habit, but God forbid. That is not why you elected me. You choose me to bring about necessary changes that will benefit not only you, but your grandchildren and our tomorrow.

    “We have just started. We have to re-engineer the financial system of the country and see that economic planning and the budgetary process is transparent enough to cater for Nigerians.” 

    Edo PDP chair lauds bold decisions

    Also yesterday, Chairman of local chapter of the Peoples Democratic Party (PDP) in Edo State, Dr. Tony Aziegbemi, commended the President for taken bold decisions to stop subsidy payment and unify naira exchange rates.

    He noted that the policies of the All Progressives Congress’ (APC)-led administration would soon give Nigeria more than N2 trillion.

    Aziegbemi, an economist, told reporters in Benin that the steps taken by the President were the best way to go for the country.

    The PDP chieftain however said that many Nigerians were worried about the nature of palliatives being planned by the Federal Government to cushion the effects of the policies.

    He advised the President to shut the door of his government against people of questionable character, urging him to take a cue from the some PDP members who now throw mud at the party.

    According to him, members of G-34 that formed the PDP in 1998 would be turning in their graves because of what some politicians do to the party.

    He listed some of the founding members (now deceased) Alhaji Adamu Ciroma, Dr. Alex Ekueme and Chief Tony Anenih, among others.