₦airaland Forum

Front0lane:
But an idleful [b]useless soul [/b]like you as time to be monitoring him all day on NL.

Bobloco:
'Subsidy is gone' --Bola A Tinubu

spagettiluv:
If a man called kanu can brainwash them to believe buhari is dead and buried in Saudi and they believed by sharing circled pictures online for validity,who are obidient Hundeyin can’t control like @nimal,check those commenting under his tweet,they are from a particular region who don’t think with their head but anUS

JAMO84:
His 5 minutes fame is over, time to rant incoherently. Even Pitobi has exhausted his religion and tribal campaign strategies, time to go back to Panama to enjoy his loot.

LegendHero:
Yes very brilliant.

I don’t even know why Hundeyin is wasting time, when he can just command Obedient to march into Aso villa and bring Tinubu head to him like Kanu once said about Buhari.

Take Tinubu out, then bring Obi in. Very easy and brilliant.

Ovo200:
It's better to be remote controlled by David Hundeyin than controlled by scums like APC supporters

APC met their match with obidents, all your propaganda are dead on arrival

LegendHero:
Trust me Hundeyin is only using their head. He knows most Ibo youths are very easy to deceive.

If FFK, Reno, Kanu, & Simon Ekpa can easily remote control then, why then can’t Hundeyin do same?

He knows all what he sent them will be catastrophic but omo olomo la n ran ni ishe de toru toru.

He just need more donations. He is only watering the ground. He will soon tell them to pay to a central account for his mad investigative journalism that will unseat Tinubu and place Obi there.

Jokerman:
If Tinubu is paying subsidy more than Buhari, then he should return the fuel price to what it was before he took over...

BATified2023:
give that job to your father

Honestey:
There is serious need to monitor obidient movement before they become full fledge terrorist group. The way they are bullying stars who are Tinunu supporters is very annoying. Government must nip them in the bud asap

ClearFlair:
Very anyhow people 🤣🤣🤣

ClearFlair:
EponObi Helinues Freestuffsng Yarimo and Biodun556

Come and see your people. Supporters club. 🤣🤣🤣

Minister of Finance and Coordinating Minister of the Economy Wale Edun has admitted that the federal government spent more money secretly subsidising petrol for Nigerians in 2023 despite President Bola Tinubu’s announcement of scrapping the subsidies at his inauguration last year.

The removal of the fuel subsidy jerked prices from N190 per litre to N580 per litre, and often more, depending on the naira’s value in the foreign exchange market.


Mr Edun conceded the subsidy payment in a draft report of the Accelerated Stabilisation and Advancement Plan (ASAP), which was submitted to Mr Tinubu on Tuesday.

He projected that the fuel subsidy would reach N5.4 trillion by the end of 2024, which contrasts sharply with the N3.6 trillion budgeted for it in 2023 and 2022’s N2 trillion.

“At current rates, expenditure on fuel subsidy is projected to reach N5.4 trillion by the end of 2024. This compares unfavourably with N3.6 trillion in 2023 and N2.0 trillion in 2022,” stated the draft ASAP report.

The report came on the back of repeated denials by Mele Kyari, group CEO of Nigeria’s energy regulator, NNPC, that there were no provisions whatsoever to accommodate fuel subsidy payment in the 2023 budget.

“I told you there’s no subsidy whatsoever. We are recovering our full cost from the products that we import,” Mr Kyari said in August 2023 to squelch rumours that the government was partially funding subsidies.

“We sell to the market; we understand why the marketers are unable to import. We hope they do this quickly, and these are some interventions the government is making. There is no subsidy,” the NNPC boss said.

However, Nigerians’ effect of the subsidy payment remains unfelt, as they still pay between N600 and N680 per litre to buy fuel. This has caused a drastic decline in the revenues of small businesses and multinational companies.

Companies like Microsoft and UK pharmaceutical giant GlaxoSmithKline have already shut down their businesses in Nigeria due to the harsh economic environment.

Inflation, at 40 per cent, was at a never-before-seen peak, causing some of the president’s supporters to openly rebuke him and question the achievement of his policies since assuming office over a year ago.

On Monday, the Nigeria Labour Congress and Trade Union Congress declared a nationwide strike over the removal of subsidies and consequently rising food prices, which were not met with an increase in the minimum wage.

The strike was relaxed for five days after the federal government lobbied the organised labour and assured them Mr Tinubu was committed to increasing the minimum wage to above N60,000.

With this single tweet, Peter OBI did many things.

In the coming days/weeks/months, we will understand the importance of this statement.

Watch this space!

helinues:


Gbajue party now justified.

They also want to gba oju their members.

A Federal High Court in Lagos has ruled in favour of celebrity bartender, Pascal Okechukwu, popularly known as Cubana Chief Priest, by granting a motion by the Economic and Financial Crimes Commission (EFCC) to discontinue its suit against him.

POLITICS NIGERIA reports that the court’s decision comes after both parties revealed they were exploring a settlement in the matter.

During the May 2 seating, the defense counsel, Mr. Chikaosolu Ojukwu (SAN), informed the court that parties were exploring a settlement, and the matter was adjourned until June 5 for a report on the settlement.

The court then adjourned the case until June 5 (today) for report of settlement. However, on Wednesday, the defense requested an adjournment, and the case was fixed for June 25 for mention.

Cubana Chief Priest is accused of tampering with N500 denomination funds while dancing at the social event. This the EFCC said contraves the Central Bank Act of 2007.

He was later arraigned on April 17 on a three-count charge bordering on Naira Abuse.

swagana:
He visits Owerri with heavily armed squad.
All thanks to Umu oma na ndi ugm and their parent group.

Sccarrr:
His colleague in mediocrity "Bitter Obi" comes to mind