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For obvious reasons the talking point in the Nigerian polity as President Muhammadu Buhari marks his first year in office is government’s decision to scrap the contentious Petroleum Support Fund, otherwise known as fuel subsidy, a development culminating in marketers being directed to sell premium motor spirit, PMS, also known as petrol, between N135 and N145 per litre. Not surprisingly the hike in the pump price of petrol elicited mixed reactions, with those against it raising a deafening din of condemnation and demanding that government should immediately revert to status quo: that is, continue to sell the product at N86.50 a litre. This opposition to the hike had culminated in a short-lived nation-wide workers strike called by a faction of the now fractured Nigeria Labour Congress, NLC. But while justifying the subsidy removal and the attendant hike in petrol price, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said failure to do so at this point in time would entail that the Federal Government would continue to cough up N16.4 billion every month to offset the subsidy claims of oil marketers on petrol. He further explained that the imperative of government’s action derived from the realisation that it was incurring about N13.7 as subsidy on each litre of petrol bought by Nigerians. While the storm engendered by the issue has since subsided, Nigerians have continued to debate the matter at different formal and informal fora, with opinions sharply divided on whether or not subsidy removal is in the best interest of the country. But it would appear that Nigerians are gradually adjusting to the reality of the subsidy removal, especially against the backdrop of the scarcity of the product prior to the hike in price and its present availability at various filling stations across the country. Also on the front burner of discussions is the present state of the economy which some commentators said had slid into recession due to inflationary pressures. Indeed complaints have been coming thick and fast that the cost of living is soaring beyond the reach of the average Nigerian. There have also been other sundry complaints, including lingering epileptic power supply. But Mr Femi Adesina, Special Adviser on Media and Publicity to President Buhari, has said that the problems that gave rise to these complaints pre-dated the current administration which in his informed estimation has done more than enough in one year to justify the confidence reposed on it by Nigerians through their votes at the last general elections in the country. He said that under the pang of the present inconvenience, Nigerians should not be in a hurry to forget where the country was coming from, especially the uncertainty that characterised the immediate past which necessitated a nation-wide chorus for change. According to him, the Buhari administration is still engaged in the painstaking process of cleansing the Aegean stable that it inherited and that performance-wise, it has made giant strides in the areas of national security, fight against corruption, management of the economy, governance, among others. He said the President appreciates the difficulties being experienced by Nigerians currently and appealed for understanding as government continues to battle the enormous challenges confronting the nation and its survival. According to him, any objective assessment of the administration will not fail to appreciate the gravity of the problems it inherited and the commendable efforts it has made in addressing them within the limit of time and resources at its disposal. With regards to the economy, Adesina said in order to arrest the financial drift and indiscipline that characterised previous administrations, government decided to take far-reaching steps to instil fiscal discipline by way of implement the Treasury Single Account, TSA, which entailed the closure of all multiple accounts in Ministries, Departments and Agencies of government, thereby plugging loopholes for leakages with new technology. In the event, the Nigerian National Petroleum Corporation, NNPC, which hitherto was seen as an enclave of corruption, had more than 40 of its accounts closed, paving way for its questionable accounting structure to be reconstructed for more transparency, creating more room for competition, predictable revenue generation and compliance with global best practice of operations. This intervention through the TSA, he informed, “provided greater visibility of government revenues and cash flows”, adding that: “Between June 2015 and April 2016, the Federal Government TSA collection clocked N3trillion.” Also worthy of mention, according to Adesina, is the resuscitation of the grounded Port Harcourt and Warri refineries which are back in operation with 60 per cent capacity and producing seven million litres of PMS daily, adding that the Kaduna refinery also resumed production at the end of the April, 2016. Read more at: http://www.vanguardngr.com/2016/05/one-year-buhari-done-enough-inspire-hope-adesina/ |
no APC chieftain have house in Dubai ? I smell a rat |
aresa:must you die because of fayose ? moreover, he dose not know if you exist |
Nigeria is currently losing an additional $1.017 million (about N203.45 million daily) as the country’s crude oil export dipped further by 21,000 barrels per day, due to recent bombings of pipelines in the Niger Delta. This was even as Eni, yesterday, said it had declared force majeure on the Brass River crude oil stream after the bombing of the pipelines used in the transport of the crude oil grade. According to reports, roughly 21,000 barrels per day (bpd) in total of the stream’s production were impacted by the blast, but just 4,200 bpd were from Eni’s equity stake. At the current price of $48.44 per barrel for the benchmark crude grade, Brent, and using an average exchange rate of N200 to a dollar, Nigeria is currently losing $1.017 million, about N203.45 million. Militants had in the last couple of weeks, stepped up attacks on petroleum products pipeline across the Niger Delta, with the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, declaring that the bombings had reduced Nigeria’s crude oil export by 800,000 barrels per day, from about 2.2 million barrels to 1.4 million barrels per day. Read more at: http://www.vanguardngr.com/2016/05/pipeline-bombing-nigerias-oil-export-dips-21000bpd/ |
Anyebe Peter has only recently returned to his farm in central Nigeria, nearly three months after attacks by Fulani herdsmen killed seven villagers, destroyed 250 homes and forced survivors to flee. “Nothing is left for us either on our farm or in our village after the attack,” he told AFP in Adagbo, a stone’s throw from the Benue river that forms the border between Benue and Nasarawa states. “The attackers destroyed all our farms and the yields. We have nothing to sell or eat now.” More than 20 villages populated by mainly Agatu farmers were attacked by the marauding cattlemen, according to community leaders. Unconfirmed reports say up to 500 people were killed. Homes, churches, mosques, grain stores and land were ransacked or destroyed. But beyond the cost to lives and property, the violence along the river and in other central states has exacerbated rising food prices that are increasingly having an impact across the country. “After harvesting we normally take our rice to processing mills in Abakaliki (southeast) and Kaduna (north) before we sell in Lagos and southern states,” said one youth leader in Adagbo. “But we have nothing to eat now let alone to sell. We’re famished and don’t have any money. Our only source of income has been hampered by the killings.” Fears of fresh attacks have forced many Agatu farmers to stay away and with no one to plant crops, the fields will go fallow. With less produce to sell, already high prices are climbing further. – Rising inflation – Clashes between Fulani herdsmen and farmers have been a regular feature of life in Nigeria’s “Middle Belt” — Benue, Taraba, Plateau, Nasarawa and Kogi states — largely over grazing rights. In states such as Plateau, the often tit-for-tat violence goes beyond the fight for resources, with ethnic and religious undertones. All five states produce many of the food staples consumed in the south: pepper, yams, tomatoes, onions, carrots, rice, wheat, potatoes, millet and pumpkin. Nearly seven years of violence by Boko Haram insurgents in the agrarian northeast has also cut production and caused food shortages for the more than 2.0 million internally displaced. A shortfall in supply because of missed harvests, compounded by rising transportation costs and restrictions on imports because of a lack of foreign exchange, has sent prices spiralling. Overall, Nigeria — Africa’s largest economy — is in bad shape. The slump in global crude prices has drastically cut government revenue from oil exports, weakening the naira currency. Inflation climbed for the sixth successive month in April to 13.7 percent, up from 12.8 percent in March, the National Bureau of Statistics said last week. Food inflation in April rose 1.3 percentage points to 13.2 percent, with the highest increases in fish — a staple in the northeast — fruits and vegetables, bread and cereals. “Inflation was driven by increases in prices of imported as well as domestically produced foods due to supply constraints,” the NBS stated. – ‘I can see hunger’ – The World Bank has since 2008 provided funding to the Nigerian government to support ‘fadama’ farms — a Hausa-language term for low-lying irrigable land near major rivers. The $450 million (400-million-euro) scheme supports production and trade of rice, tomato and yams, as well as fishing, forestry and water for livestock. Nigeria’s government wants to boost agriculture to diversify the economy away from a dependency on oil. But when AFP visited ‘fadama’ land in Obagaji it was almost completely deserted. Only a few fishermen were seen around the river bed. Analysts SBM Intelligence said in a report “Terror in the Food Basket” published last October that some farmers in the “Middle Belt” had not planted crops or harvested since 2006. The huge Mile 12 market is one of the biggest in Nigeria’s commercial hub, Lagos, some 11 hours or more by road from Benue. “Only a quarter of the number of trucks from the north that daily discharged products in Lagos and the southwest are currently doing so,” said market representative Jubril Magaji. “This is the main cause of the scarcity and sharp price increases,” he added. For wholesalers and ordinary shoppers, the hikes are compounding rising costs for fuel and electricity, both of which are in short supply. “I bought four tomatoes for 200 naira ($0.99, 87 euros) instead of the usual 50 naira,” said caterer Peju Adegoke out shopping in Mile 12. “A tuber of yam which sold for 250 naira a few months back now sells for 600 naira. I can see hunger staring us in the face. It’s lamentable.” Read more at: http://www.vanguardngr.com/2016/05/violence-soaring-prices-i-can-see-hunger-staring-us-in-the-face/ |
The Edo State Government has withdrawn a letter earlier issued on the Oba of Benin, saying it was issued in error. In a retraction signed by the Secretary to State Government, Prof Julius Ihonvbere, dated May 25, 2016, the government stated: “In deference to the revered age-long tradition and respect for the sensibilities of the people of the great Benin Kingdom, the Government of Edo State hereby withdraws a letter issued on 24th May 2016 entitled: “Appointment of His Royal Highness Edaiken N’Uselu, Crown Prince Eheneden Erediauwa as the Oba of Benin” “The said letter was issued in error as the rites of passage of His Royal Majesty, Omo N’Oba N’Edo Uku Akpolokpolo, Oba of Benin are still on. Read more at: http://www.vanguardngr.com/2016/05/edo-govt-withdraws-letter-oba-benin/ |
the Oba of Benin dose not need any government approval for ascension to the throne. The Benin Kingdom is bigger than the Nigerian constitution |
modath:PDP will come out stronger and win 2019 election |
ddippset:but PDP has been wiping APC back-to-back in all election conducted so far |
tuale4u:why is your stomach running because of PDP whther they leave or stay, come 2019 PDP will take APC to the cleaner |
dre11:your antics won't work. PDP remains one strong party that will shatter APC 2019 |
A Federal High Court sitting in Port Harcourt has granted an interim injunction restraining the immediate past National Chairman of the Peoples Democratic Party, Senator Ali Modu Sheriff and Professor Adewale Oladipo who were removed from office at the PDP National Convention held on Saturday May 21, 2016, from parading themselves as National officers of the Party pending the hearing and determination of the motion on notice brought before it by the Peoples Democratic Party. According to a statement personally signed by the presiding judge, Justice A. M. Liman, the court granted a restraining order on any member of the National Working Committee of the PDP who was removed from office by the Party’s National Convention in Port Harcourt from receiving nominations and or submitting names to the Independent National Electoral Commission (INEC) as officers or candidates of the PDP in whatever capacity pending the hearing and determination of the Motion on Notice brought by the Party. Read more at: http://www.vanguardngr.com/2016/05/court-bars-sheriff-as-pdp-chair-orders-recognition-of-markarfi-led-caretaker-committee/ |
I hope they are IVM motors and bikes |
ENUGU—Police Authorities in Enugu State have concluded plans to hold Town Hall meetings with traditional rulers, herdsmen, religious leaders, youth bodies and local vigilante groups aimed at adopting potent security measures that will ward-off the invasion of communities in the state by criminal elements. The meeting,it was gathered,is a strategic initiative of the Inspector General of Police, IGP, Solomon Arase, to hold in Enugu-West,Enugu-North and Enugu-East senatorial districts to conscientiously establish the attitude of community policing in all stakeholders. A statement made available to newsmen by the Police Public Relations Officer,PPRO,Ebere Amaraizu,DSP, revealed that the town hall meetings will address cases of internal security threats in the communities. “It will address issues of grassroot security, reduce misinformation and rumour mongering,anxiety as well as animosity, given the current security challenges associated with local communities and herdsmen. It is reassurance policing, geared towards peaceful co-existence and sensitivity of each community’s values,space and interest . Read more at: http://www.vanguardngr.com/2016/05/herdsmen-attacks-police-hold-town-hall-meetings-enugu/ |
ABUJA—CITIZENS of Idoma Land in Benue State, yesterday, decried the state of insecurity in the area, saying in spite of promise by the Federal Government to address wanton destruction of lives and properties by herdsmen, they were still occupying about four villages in Agatu land. The citizens operating on the aegis of One Idoma Initiative, warned that if nothing was done by the federal government to address the situation, the people might be forced to defend themselves. The Leader of the group, Paul Edeh, who stated this at the Agatu Peace Concert organised in Abuja, to preach peace and raise funds towards the rebuilding of Agatu Land said: “The reason for the concert is to bring to the fore as we have done in the past few months since the Agatu massacre to keep it on the burner so that what is required by government and individuals are done . I can confirm to you that Fulani herdsmen are still occupying some villages that were originally for the Agatu people, particularly on the Nassarawa State axis.” Also speaking, another leader of the group, Mr. Moses Paul said it was unfortunate that it took the state governor almost seven weeks after the carnage to visit Agatu. According to him: “The killings have not even abated yet, they have curtailed it. But there are villages in Agatu, about four villages that have been taken over completely by Fulani herdsmen. Until the people can go back and farm, until restoration is done, government has not done anything. “In less than 24 hours when the Enugu carnage happened, which was less than 10 percent of what happened in Agatu, the Governor of the state was there and even the Inspector General of Polce, IGP, that is what I called pro-activeness.” Paul said Abuja was chosen as the venue of the concert because the people that would make a difference in Agatu would not go to Agatu, stressing; “even the IGP has never been to Agatu, he only stopped in Makurdi. So, we are doing it in Abuja because the President lives in Abuja, the IGP lives in Abuja, all the people that can do what they need to do, live in Abuja. Culled from Vanguard |
Pavore9:of course we use IVM cars and buses both private and Government in Bayelsa state |
which FG project have Buhari/Osibanjo commission in one year of their administration |
sheriff have just been duped by PDP |
Blessing Joseph lies on a sofa, her eyes fixed on the butt of a rifle that she says she won’t hesitate to use if Fulani herdsmen come back to her remote village in central Nigeria.http://www.vanguardngr.com/2016/05/643644/ |
he should have called him young man |
what about the minister of finance ? she has to go as well |
boman2014:how dose it concern you ? |
what about fulani herdsmen ? |
Safari29:why are you crying more than the bereave ? |
may 29 - APC achievement, One chibok girl was found. |
tit:I like your comment. Sell what you have to survive in Nigeria |
APC is a big fraud, After removal of subsidy, it is the nature of the market that will determine the price not NNPC. one begin to wonder how they came about N145 when it is $40/barrel in international market. |
where is Femi Falana and the Ojota Protesters |
I am yet to understand why yoruba are crying more than the people of Niger Delta anytime Oil/Gas pipelines explodes under dynamites. |
you should have say they are immortal. oloshi |
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