Connect with us


BIG STORY

Nigerian Govt Finally Admits Paying Petrol Subsidy, Says Can’t Continue To Bear N120bn Monthly Payment

Published

on

The federal government on Thursday admitted paying as much as N120 billion to subsidize the price of petrol monthly.

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, said this at the fifth edition of the special ministerial briefings coordinated by the presidential communications team.

He said the cost was covered by the NNPC.

Mr Kyari said while the actual cost of importation and handling charges amounts to N234 per liter, the government is selling at N162 per liter.

He said sooner or later Nigerians would have to pay the actual cost for the commodity.

Even with the clear situation, Mr Kyari did not refer to the cost as a “subsidy”. He merely said the NNPC pays between N100 and 120 billion a month to keep the pump price at the current levels.

He said that market forces must be allowed to determine the pump price of petrol in the country.

“Our current consumption (evacuation) from our depots is about 60million liters per day. We are selling at N162 a liter. The current market price is 234, the actual market price today.

“The difference between the two, multiplied by 60million, times thirty, will give you per month.

“This is a simple calculation you do. If you want exact figures from our book, I do not have it from this moment, but it’s between N100billion and N120billion per month.

“We are putting the difference in the books of NNPC, and we cannot continue to bear,’’ he said.

The Minister of State for Petroleum Resources, Timipre Sylva, who also spoke at the event, expressed the hope that the Petroleum Industry Bill (PIB) would be passed into law in April.

According to him, frantic efforts are being made by the legislators to complete work on the bill and pass it, in line with the aspirations of critical stakeholders in the petroleum sector.

“The National Assembly has expressed the intent to pass the PIB into law by April 2021. Every effort is being made to support the National Assembly to meet this target,” he said.

BIG STORY

Man Faints After Discovering His Wife Is His ‘Landlord’

Published

on

A Zambian man identified as Martin Stampa reportedly collapsed after discovering his wife is his “landlord.”

Local news platforms reported that Stampa lived in the house for 15 years, and was paying 3500 kwacha every month. It was also gathered that his wife was the one who always took the rent to his “landlord.”

However, an altercation ensued after the lady identified as Lushomo discovered that her husband was having an extramarital affair. Martin reportedly told his wife that he got a side chick because he wanted someone who was intelligent and engages in smart conversations.

This riled Lushomo, who ended up spilling the beans and telling Martin that he’s not intelligent enough as he has been paying her a monthly rent because the house they live in belongs to her.

On seeing the house’s title deeds, Martin lost consciousness and collapsed. People had to drench him with bucketfuls of water to wake him up.

Continue Reading

BIG STORY

My Administration Has Brought Visible Developments To The State, Lagosians Will Re-Elect Me In 2023 – Sanwo-Olu

Published

on

Governor Babajide Sanwo-Olu of Lagos State has said he is confident that the electorates in the state will re-elect him to steer the affairs of the state for another four years given his record of achievements.

He spoke during a chat on Channels TV’s Sunday Politics program.

Governor Sanwo-Olu, alongside 14 others, will be jostling for the governorship seat in 2023.

He said his administration had brought in development that can be seen and felt by the state’s residents.

“I managed the emergency of the city. Today alone, there are emergencies that have been reported today alone. I’ve recruited over 650 fire service men. I’ve bought 64 brand new trucks that you will come, I will invite you for commissioning.

“I spent over a billion to take off the refuse in Lagos. We’re creating a sanitary landfill site. That’s what we’re doing. We’re building 1618 kilometres of rigid pavement road that runs to tens of billions. We’re building the biggest market in the country because that’s what we’re doing.”

When he was asked if he saw one of his challengers, Olajide Adediran of the PDP, and his deputy, Funke Akindele, a filmmaker, as a threat, Sanwo-Olu said he is the most preferred candidate because he is more experienced.

“So you know, like I said if you have an emergency, who would you call? What are your chances? Do you call the man that has the experience that has gone through the trenches before that has lived with it that understands what the issues are,” he said.

“That appreciate what challenge you have even at 3 a.m. or will you leave your chance to someone that doesn’t know where the dial is or that doesn’t even know what the issues of governance are? This is Lagos.

“This is an informed audience. This is not a tea party. We’re talking about real governance. We’re talking about the lives of 20-plus million Nigerians.

Sanwo-Olu added that Lagos cannot be left in the hands of someone who “cannot run a business that has 100 people.”

The Governor noted that traffic robberies and accidents have significantly reduced following the directive on motorcycle (okada) transportation.

Okada riders were banned by the governor from plying in six local government areas in the state – Eti-Osa, Ikeja, Surulere, Lagos Island, Lagos Mainland, and Apapa and nine local government councils areas.

It is not the first time the government would impose the measure.

In January 2020, the government banned the operation of motorcyclists in 15 local councils across the state.

The governor said that since he gave the directive to restrict the motorcyclists in certain areas of the state, residents have written to him commending the development.

“We’ve also seen a significant drop in accidents. You know, we don’t see people being lame, you know, cutting off limbs in our hospitals again, because these were reckless driving that usually terminate people’s life, unexpectedly,” he said.

“We’ve seen tremendous improvement in that statistics to support. In terms of death drop in the last two months. At the peak of it, we saw about 550 Okada-related accidents at the peak of it in January for over a month.

“Now, it’s coming down to less than 100 direct Okada accidents that we’ve seen, from our hospitals.”

On Amotekun, Sanwo-Olu said there is no need to replicate the Western Nigeria Security Network called in Lagos.

He said the Lagos State Neighbourhood Safety Corp is a replica of the security outfit which “works closely” with the Nigerian Police Force.

“We have the Lagos State Neighbourhood Watch, which are almost 7,000 men that have been trained, that have been energized and are working day to day in the state,” he said.

“There’s no need to reinvent the wheel.”

Since its establishment in 2020, the security outfit has been operational in five states in the South-west except for Lagos.

Continue Reading

BIG STORY

HEALTH: Nigeria Records 157 Monkeypox Cases, Four Deaths

Published

on

The Nigeria Centre for Disease Control (NCDC) has confirmed 157 cases of monkeypox across 26 states in the country.

This is contained in its latest monkeypox situation report for week 30, posted on its verified Twitter page.

According to the report, four deaths were recorded in 4 states – Delta (1), Lagos (1), Ondo (1), and Akwa Ibom (1) from January 1 to July 31, 2022.

So far, Nigeria has at least 413 suspected cases of monkeypox.

The report read in part, “There were fifty-six (56) new suspected cases reported in Epi week 30, 2022 (25th to 31st July 2022) from nineteen (19) states – Ondo (13), Plateau (8), Lagos (6), Adamawa (4), Abia (3), Borno (3), Delta (2), Kano (3), Anambra (2), Bayelsa (2), Kwara (2), Akwa Ibom (1), Gombe (1), Imo (1), Nasarawa (1), Osun (1), Oyo (1), Rivers (1) and Taraba (1).

“Of fifty-six (56)suspected cases, there were twenty-four (24) new confirmed positive cases in Epi week 30, 2022 from twelve (12) states – Ondo (5), Kano (3), Lagos (3), Abia (2), Adamawa (2), Bayelsa (2), Kwara (2), Delta (1), Anambra (1), Gombe (1), Rivers (1) and Nasarawa (1).

“From 1st January to 31st July 2022, there have now been 413 suspected cases and 157 confirmed cases (105 male, 52 female) from twenty-six (26) states – Lagos (20), Ondo (14), Adamawa (13), Delta (12), Bayelsa (12), Rivers (11), Edo (8), Nasarawa (8), Plateau (6), Anambra (6), FCT (5), Taraba (5), Kwara (5), Kano (5), Imo (4), Cross River (3), Borno (3), Oyo (3), Abia (3), Gombe (3), Katsina (2), Kogi (2), Niger (1), Ogun (1), Bauchi (1) and Akwa Ibom (1).

“Four deaths were recorded from 4 states – Delta (1), Lagos (1), Ondo (1), and Akwa Ibom (1).

“Overall, since the re-emergence of monkeypox in September 2017 and to 31st July 2022, a total of 925 suspected cases have been reported from 35 states in the country.”

Continue Reading

Most Popular