News - News Agency Of Nigeria

Civil society commends Nigerians’ reaction on aftermath of fuel subsidy removal (Page 2,374)

By Florence Onuegbu

Civil society organisation, Patriotism Awareness Forum (PAF), has commended Nigerians for their understanding, resilience and patience on the aftermath of the fuel subsidy removal.

The Convener, PAF, Mr Nelson Ekujumi, said this in a statement on Saturday in Lagos.

Ekujumi commended Nigerians for their understanding on the foreign exchange unification policy, amidst falsehood and misinformation by anti-democratic elements to mislead, confuse and incite Nigerians for political capital.

He said some persons were trying to destabilise the country by peddling fake news and misinformation, over the recent rise in the pump price of Premium Motor Spirit due to market forces.

According to him, they are trying to incite and cause bad blood between the people and the government over the biting economic conditions.

"It is an indisputable fact that Nigerians across all divide have spoken in unison with one voice to commend and congratulate President Bola Tinubu for the courageous economic decision of fuel subsidy removal.

"Nigerians have also spoken in unison on the introduction of a single foreign exchange system to stop the hemorrhaging of our commonwealth and free resources for the three tiers of government to be able to deliver the dividend of democracy to our teeming masses.

"This bold economic policy of President Bola Ahmed Tinubu administration has earned it commendations not only from financial experts and bodies at home, but also from international financial experts and institutions.

"This has increased the potentials of Nigeria as investor’s haven to be sought after in the global business environment, with the attendant creation of wealth and mass employment,” he said.

Ekujumi said that the outcome of the economic policy of fuel subsidy removal though painful and inevitable to come with economic pains and hardship for all irrespective of social status, has also brought in significant gains.

He said that the fuel subsidy removal had brought in savings of over N400 billion in June alone, with the World Bank projecting fuel subsidy savings of N3.9 trillion by December 2023.

According to him, it has resulted in an increased FAAC allocation of N1.959 trillion, to the three tiers of government in the month of June, which is unprecedented in Nigeria’s political and economic history.

"As a result of the fuel subsidy removal and forex reforms, investors in the stock market raked in N5.3 trillion in the first quarter of 2023, which represented a gain of 18.9 per cent, which is the highest in 15 years.

"We are also aware that as a result of the removal of fuel subsidy, daily fuel consumption in the country has dropped drastically from 66 million litres to 40 million litres and has in a way curbed the menace of smuggling of the product, which remained intractable till now,” he said.

Ekujumi, however, called on the organised labour to drop its confrontational approach against the policy of the Bola Tinubu administration.

He urged the organised labour to apply rationality and embrace dialogue, putting national interest above any other interest.

Ekujumi commended the National Economic Council for coming up with far reaching decisions to cushion the effect of the pains of the policies on ordinary Nigerians.

He also urged the citizens to remain resolute and unwavering to holding the three tiers of government accountable on the palliatives and other measures.

Ekujumi also urged the three tiers of government to activate their information machinery for aggressive education and sensitisation of the citizenry on the fuel subsidy removal policy.

Ekujumi urged the governments to educate the citizens on their policies and programmes in order to deepen and sustain democracy in the country. (NAN)(www.nannews.ng)

========
Edited by Chinyere Joel-Nwokeoma

Civil society commends Nigerians’ reaction on aftermath of fuel subsidy removal

By: Afonne Emmanuel

On: July 22, 2023

In: General News

With: 0 Comments

By Florence Onuegbu Civil society organisation, Patriotism Awareness Forum (PAF), has commended Nigerians for their understanding, resilience and patience on the aftermath of the fuel subsidy removal. The Convener, PAF, Mr Nelson Ekujumi, said this in a statement on Saturday in Lagos. Ekujumi commended Nigerians for their understanding on theContinue Reading

Some traders affected by Alaba International Market demolition protesting during a visit of the General Manager, LASBCA, Mr Gbolahan Oki for an on the spot assessment to Alaba International Market demolition site with members of seven-man technical committee set up by Gov. Babajide Sanwo-Olu of Lagos to look into issues of demolition at the market on Saturday in Ojo, Lagos

Alaba International Market demolition done to save lives — LASG

By: Afonne Emmanuel

On: July 22, 2023

In: General News

With: 0 Comments

By Grace Alegba The Lagos State Government says recent demolition of distressed buildings in Alaba International Market in Ojo Local Council was neither a witch-hunt nor intended to acquire the land but done to protect lives. Mr Gbolahan Oki, General Manager, Lagos State Building Control Agency, (LABSCA) said this onContinue Reading

Mr Buzin Vyacheslav, Director-General, JSC Gazprom Gas Distribution, Leningrad Region, showcasing the gas-to-house initiative

Putin committed to all-Russia gasification programme – Gazprom

By: Afonne Emmanuel

On: July 22, 2023

In: Oil & Gas

With: 0 Comments

By Emmanuella Anokam Mr Buzin Vyacheslav, Director-General, JSC Gazprom Gas Distribution, Leningrad Region, on Saturday said Mr Vladimir Putin, President of Russia, was committed to an all-Russia gasification programme, to promote clean energy and energy security. Vyacheslav said this during a visit to Voskresenskoye, a gasified village in the LeningradContinue Reading

Training key to optimal performance, professionalism – TRADOC commander

By: isaac aregbesola

On: July 22, 2023

In: Defence/Security

With: 0 Comments

By Sumaila Ogbaje The Commander, Training and Doctrine Command of the Nigerian Army (TRADOC), Maj.-Gen. Kelvin Aligbe, has called for constant training of officers and soldiers to ensure optimum performance and professionalism. Aligbe made the call at the closing of the 2023 Combined Mid-Year Courses Appraisal Curriculum Harmonisation Workshop,Continue Reading

Education, skill are fundamental to personal, societal development – CDS

By: isaac aregbesola

On: July 22, 2023

In: Defence/Security

With: 0 Comments

By Sumaila Ogbaje The Chief of Defence Staff (CDS), Maj.-Gen. Christopher Musa, says education and skill acquisitions are fundamental pillars for personal and societal development. Musa said this at the graduation of participants of the Defence and Police Officers Wives Association (DEPOWA) Skill Acquisition Programme on Saturday in Abuja.Continue Reading

Participants at the AIDS Tuberculosis and Malaria (ATM) networks programme

FCTA lauds networks for healthcare community interventions

By: Afonne Emmanuel

On: July 22, 2023

In: Health

With: 0 Comments

By Justina Auta The Federal Capital Territory Authority (FCTA) has commended efforts of the AIDS Tuberculosis and Malaria (ATM) networks for their community interventions in addressing gaps and improving healthcare systems in communities within the FCT. The authority made the commendation at a media parlay organised by the Civil SocietyContinue Reading

Nigerians in diaspora donate blood pressure monitors to Abuja hospital

By: Salisu Sani Idris

On: July 22, 2023

In: Health

With: 0 Comments

By Philip Yatai The Nigerians in Diaspora Organisation (NIDO)-Europe has donated 12 blood pressure monitors to the General Hospital, Wuse in Abuja. The Chairman of the group, Dr Bashir Obasekola, while handing over the equipment, in Abuja on Friday, said that the gesture was under the organisation’s project tagged, “AContinue Reading

Organisations demand tax for sugar-sweetened beverages

By: isaac aregbesola

On: July 22, 2023

In: Economy/Business

With: 0 Comments

By Gami Tadanyigbe The National Action on Sugar Reduction (NASR) in collaboration with Prof. Felicia Anumah Diabetes Centre have called on the Federal Government to implement sugar-sweetened beverages tax to help reduce diabetes and obesity in the country. The organisations made the appeal on Thursday during a sensitisation walk/rally, healthContinue Reading

Why we paid N123bn interim dividend to FAAC – NNPCL

By: Afonne Emmanuel

On: July 22, 2023

In: Oil & Gas

With: 0 Comments

By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPCL) has given reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June. The News Agency of Nigeria (NAN) reports that FAAC had on Thursday shared N907 billionContinue Reading

Participants at the "Dissemination and Sensitisation Workshop" on the 2021/2026 revised NGP in Abuja

FG wants States, LGs to domesticate revised Gender Policy

By: Afonne Emmanuel

On: July 22, 2023

In: General News

With: 0 Comments

By Justina Auta The Federal Government on Friday charged States and Local Government Councils to domesticate and implement the revised 2021-2026 National Gender Policy (NGP) for equity and welfare of vulnerable groups. Dr Monilola Udoh, the Permanent Secretary, Federal Ministry of Women Affairs, made the call at a Dissemination andContinue Reading

Follows Us

Civil society commends Nigerians’ reaction on aftermath of fuel subsidy removal (Page 2,374)