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Business / Re: FOREX Crisis: Naira Plunges To 1,025/$, Job Losses, Factory Shutdown Loom by sedIoyol(m): 7:56am On Oct 11, 2023 |
Nigeria is caused with bad leaders |
Foreign Affairs / Re: Graphic Images From Gaza by sedIoyol(m): 7:38pm On Oct 09, 2023 |
motayoayinde:seem you don't wish to help them. Cause you beating around the bush |
Foreign Affairs / Re: Graphic Images From Gaza by sedIoyol(m): 6:00pm On Oct 09, 2023 |
motayoayinde:ok good. How about you join the Hamas to defend Palestine? 2 Likes |
Foreign Affairs / Re: Gaza Militants Practiced Kidnapping Of Israeli Soldiers (Photos) by sedIoyol(m): 5:57pm On Oct 09, 2023 |
CoronaVirusPro:copy and paste |
Foreign Affairs / Re: Graphic Images From Gaza by sedIoyol(m): 5:46pm On Oct 09, 2023 |
motayoayinde:Reasons? |
Politics / Re: Suffering Knows No Bounds: Ogun Roads Collapse Amidst Abiodun’s Indifference by sedIoyol(m): 3:29pm On Oct 09, 2023 |
Nigerian leaders are very indifferent |
Foreign Affairs / Re: Graphic Images From Gaza by sedIoyol(m): 3:08pm On Oct 09, 2023 |
motayoayinde:what's your preference |
Politics / Tinubu Adminstration Is Still Paying The Petrol Subsidy by sedIoyol(m): 2:58pm On Oct 09, 2023 |
The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has said that the Federal Government is still paying subsidy on petroleum. POLITICS NIGERIA reports that this comes despite President Bola Tinubu’s declaration in his inauguration speech that the subsidy era was gone. Osifo, who is also the President of the Trade Union Congress (TUC), said that due to the cost of crude oil in the international market and the dollar-to-naira rate, the government still pays subsidy for the product. “They [government] are paying subsidy today,” he said on Channels Television’s Politics Today on Friday. “In reality today, there is subsidy because as of when the earlier price was determined, the price of crude in the international market was somewhere around $80 for a barrel. But today, it has moved to about $93/94 per barrel for Brent crude. So, because it has moved, then the price [of petroleum] also needed to move,” the PENGASSAN boss added. Osifo said the only way for the government to stop subsidising petroleum is to manage the exchange rate effectively and increase the supply of fuel. “The only reason the price will not move is when you are able to manage your exchange rate effectively and you are able to pump in supply and bring down the exchange rate,” Osifo maintained. “So, if the exchange rate comes down today, we will not be paying subsidy. But with the exchange rate value and the price of crude oil in the international market, we have introduced subsidy.” The fuel subsidy has existed for some time and kept petrol prices artificially low. However, the measure costs the country billions annually, and its governments have promised to end it, including Tinubu. He eventually declared it ended, leading to a sharp increase in the commodity. The president acknowledged the challenges facing Nigerians in the wake of the subsidy removal but, in July, rolled out measures to cushion the impacts. To “reduce the burden”, he pledged at least $264 million for agriculture, $165 million for small and medium-sized businesses, and $99 million for manufacturing. “In the short and immediate terms, we will ensure staple foods are available and affordable,” he said. https://politicsnigeria.com/just-in-tinubus-government-still-pays-for-petrol-subsidy-pengassan/ |
European Football (EPL, UEFA, La Liga) / Re: Arsenal Vs Manchester City (1 - 0) On 8th October 2023 by sedIoyol(m): 6:56pm On Oct 08, 2023 |
Nice one gunners 1 Like |
European Football (EPL, UEFA, La Liga) / Re: Brighton Vs Liverpool (2 - 2) On 8th October 2023 by sedIoyol(m): 4:01pm On Oct 08, 2023 |
Today game for EPL draw for three games. Nawa 2 Likes |
Crime / Re: NDLEA Arrests 67-year-old At Abuja Airport For Ingesting 100 Wraps Of Cocaine by sedIoyol(m): 3:05pm On Oct 08, 2023 |
Coke 1 Like |
European Football (EPL, UEFA, La Liga) / Re: Brighton Vs Liverpool (2 - 2) On 8th October 2023 by sedIoyol(m): 2:59pm On Oct 08, 2023 |
Liverpool |
Sports / Re: I Don't Like When Women 'toast' Me —Victor Osimhen by sedIoyol(m): 11:57am On Oct 08, 2023 |
The last quote though so funny 6 Likes |
Sports / Re: Guardiola On Arteta: "Arsenal Have A Manager For Many Years, He Loves The Club!" by sedIoyol(m): 11:54am On Oct 08, 2023 |
This a very big match 2 Likes 1 Share |
Foreign Affairs / Re: Israel Bombs Hamas Sites Hidden In Mosques – Rt.com by sedIoyol(m): 11:13am On Oct 08, 2023 |
Hamas really took Isreal unaware. The innocent civilians and children that was murded were gross |
Business / Re: Zealot Bluetooth Speakers • Best Price On Wholesale Deals ! by sedIoyol(m): 4:03am On Oct 08, 2023 |
ecomalchemistt:how is the sound quality. Can it match that of JBL speakers 2 Likes 2 Shares |
Family / Re: Wife Gifts Her Husband Her Entire Savings (pics/video) by sedIoyol(m): 8:35pm On Oct 07, 2023 |
Yugoslavia247:you Are right. Women Sabi the game . Hope u are seeing the environment. As a man try make sure u get this money 26 Likes 2 Shares |
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