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BentizilL2:Helinues first |
SmartPolician:From number 4 to number 1 |
The Senate on Tuesday constituted an ad hoc committee to investigate the fuel subsidy regime of the Nigerian National Petroleum Company Limited (NNPCL). This followed the adoption of a motion by Sen. Patrick Chinwuba (APC-Imo) during plenary on Tuesday. The motion was tagged “Need to Investigate the Controversial Huge Expenditure on Premium Motor Spirit (PMS) under the Subsidy/Under Recovery Regime by the Nigerian National Petroleum Company Limited (NNPCL).” Moving the motion, Chinwuba said that the Federal Government on May 11, 2016 announced increase in fuel pump price from N87 to between N135 and N145 per litre. “This was in its fight against corruption and in order to plug the presumed highly proliferated leakages, wastages and slippages surrounding the fuel subsidy as well as in an attempt to end the controversial subsidy regime. “At the inauguration of the present government on May 29, the President took a bold step to announce the total removal of fuel subsidy, noting that the scheme has increasingly favoured the rich more than the poor,” he said. He said that the government’s interest in exiting the subsidy regime was in line with the policy of reducing the cost of governance and the desire to eliminate corrupt practices surrounding the scheme. “The NNPCL, within the period of subsidy exit attempt, substituted the term subsidy with under recovery without any recourse to the National Assembly or supervision by any other arm of the government. “While NNPCL within 10 years, 2006 and 2015, claimed about N170 billion as under recovery, the same NNPCL within 13 months, Jan. 2018 to Jan. 2019 claimed a whopping sum of N843.121 billion as under recovery,” he said. The lawmaker expressed worry that the uninvestigated and alarming cost of under recovery/direct deductions by NNPCL without necessary checks had led to great misunderstanding of the government’s good intention on subsidy removal. Supporting the motion, Sen. Jibrin Isa (APC-Kogi) said that the utilisation of the savings arising from the removal of subsidy was very important. “This is where our oversight function comes to play. “These monies that are going to be recovered from the discontinuance of fuel subsidy should be used to revive some of the ailing companies in particular; the Ajaokuta Steel Complex, Itakpe Iron Ore Mining Company in Kogi and Oshogbo Iron and Steel Rolling Mills in Osun. “Those projects can create a lot of employment opportunities, create a lot of revenue for government,” he said. Also, Sen. Osita Izunaso (APC-Imo) said “we need to look at the palliatives to cushion the effects of subsidy removal. “Much as we are going to make a lot of gains from subsidy removal, we have to look at the suffering of our people.” Sen. Mohammed Monguno (APC-Borno) said that the previous government did not have the political will to withdraw the subsidy. “We thank this government for taking the bull by the horn and gathering all the political will to withdraw the subsidy in the interest of Nigerians. “We are now saving a lot of money which we can use to deploy for revamping our infrastructure. “In view of the hardship unleashed on Nigerians as a result of the subsidy, there is the need for government to take responsibility in cushioning the effect of the removal,” he said. The prayers were unanimously adopted by all senators after a voice vote by Senate President Godswill Akpabio
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nnamdi640:I dont believe that. The criminal help Tinubu win landslide in his community |
Ayooooo Cocaine funds owa |
Which day we go post helinues own ? |
What is Governor Hope Uzodimma of Imo State always looking for at the Presidential Villa? This is one question many analysts are asking. Since President Bola Tinubu assumed power, the governor is a regular face in the federal seat of power. Not even Governor Babajide Sanwo-Olu of Lagos State who manages the biggest economy in the country, and who is the closest to the president runs to the Villa the way Uzodimma does. This is why many are wondering what he is always looking for. Since he became governor in January 2020, his state has become the hotbed of insecurity in the South-east. Even though the security situation in the state has slightly improved, a lot still needs to be done. The Imo State governor has been accused by his political opponents of not concentrating on governing the state. They alleged that he is always unavailable to solve the challenges facing the state. It is surprising that the Imo State governor who will face the electorate in the November governorship election is busy gallivanting. It is not in doubt that once in a while governors visit the president to brief him on issues concerning their states. But Uzodimma’s trip to the Villa has allegedly become too frequent. At the decoration of the new Acting Inspector General of Police and his assumption of office last week, the Imo State governor was the only state chief executive officer at the event. The opposition political parties in the state have alleged that rather than use the achievements in the state, the governor is busy courting the high and mighty in Abuja in order to use the federal might to facilitate his re-election. Credit: Thisday.
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Too much intake of Ewedu |
Don't let the skull cool down Mine them ASAP before the Emir gives new ban |
Bola Ahmed Tinubu paving way for forgery |
Dikegodspower:APC legacy |
justified007:Tailor don sew the Yansh of the cocaine sniffing ajuwaya abi e still dey drip ?
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Another person wan prepare poison. Anyway just don't make gbegiri |
yarimo:A for Afon
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LegendHero:So you are angry with zah North now ? What happened to the love of the MUMU ticket? https://thumbs.gfycat.com/BountifulRealImperatorangel-size_restricted.gif |
helinues: |
helinues: |
helinues: |
Caseless:Election is coming up you can tell your father to contest let's see what he can do shikena 🤷 |
SpatialKing:Bola is tribalistic na |
b3llo:Reality kicking in https://thumbs.gfycat.com/BountifulRealImperatorangel-size_restricted.gif |
helinues: |
helinues: |
Skankamola:Yeah I remember the cursed soul that wanted to bomb a plane with passengers |
