May Day: Hunger, unemployment, insecurity real— Tinubu
According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this istration is committed to creating such an environment for the common good.”
On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.
Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.
aminulive:
In 2006, years before Hadiza Bala Usman ever walked the corridors of maritime power, BUA entered into a valid lease agreement with the NPA for Terminal B of the Rivers Port. The mandate was clear: rehabilitate, operate, and expand the terminal infrastructure.
This was also the year that NNPC's petrochemicals division was privatised by PDP capitalists who deregulated telecoms six years earlier.
Can anyone imagine how prosperous we would all be with cheap and available fuel if Fayemi and APC did not get Buhari's 2011 running mate to lead Ojota deregulation protests in 2012?
Thankfully Dangote's refinery licensed then, survived the shenanigans of APC progreThief socialists.
Omooba77:
A former Governor of Ekiti State, Dr. Kayode Fayemi, on Tuesday, said the protest that trailed the fuel subsidy removal during the istration of President Goodluck Jonathan in 2012 was due to political interests.
Fayemi said this in his keynote address delivered at a national dialogue organised to celebrate the 60th birthday celebration of the founding National Secretary of Alliance for Democracy and Fellow, Abuja School of Social and Political Thought, Professor Udenta Udenta in Abuja.
The programme was attended by Jonathan, former Minister of Education, Dr. Oby Ezekwesili; former Minister of Aviation, Osita Chidoka, among others.
The PUNCH reports that on January 1, 2012, President Goodluck announced the removal of fuel subsidy and adjusted the pump price of petrol from N65 per litre to N141.
The decision sparked mass protests, tagged ‘Occupy Nigeria’ across major cities of the country.
The price was later re-adjusted to N97, after more than a week of protests.
Petrol price was later reduced to N87 in 2015.
Jonathan faced serious backlash for the fuel price adjustment, especially from leaders of the All Progressives Congress, who were then in different opposition parties, including the defunct Action Congress of Nigeria, Congress for Progressives Congress, All Nigeria Peoples Party, and All Progressive Grand Alliance.
While condemning what he described as the “winners take all” style of Nigeria’s democracy, Fayemi said the challenges facing the nation today cannot be solved unless the country embraced proportional representation, where the spoils of elections are shared between contestants.
According to him, the last time Nigeria experienced economic development was during Jonathan’s istration
Fayemi said, “Today, I read former President Olusegun Obasanjo’s interview in The Cable saying our liberal democracy is not working and we need to revisit it, and I agree with him. We must move from the political alternatives. I think we are almost on a dead end of that.
“What we need is alternative politics and my own notion of alternative politics is that you can’t have 35 per cent of the vote and take 100 per cent. It won’t work! We must look at proportional representation so that the party that is said to have won 21 per cent of the votes will have 21 per cent of the government. Adversary politics bring division and enmity.
“All political parties in the country agreed and they even put in their manifesto that subsidy must be removed. We all said subsidy must be removed. But we in ACN at the time, in 2012, we know the truth Sir, but it is all politics.
What about the 26 years of patience by 20 million Lagosians?
How far has that taken them with huge revenue and budget increase but no corresponding increase in government payroll for civil servants, to improve utilities and services for the people's welfare.
A Lagos State lawmaker, Mr Saka Fafunmi, on Thursday expressed dissatisfaction at the performance of the state Water Corporation.
Fafunmi, a member of the Lagos State House of Assembly (LAHA), said in Ikeja that the corporation had not been able to justify statutory allocations to it.
The lawmaker, who represents Ifako-Ijaiye Constituency 1 at the assembly, spoke to the News Agency of Nigeria (NAN).
He said that the corporation had the capacity to generate much fund internally through water rates but had relied solely on government funding because of poor performance.
'' Anyone that is using water will be willing to pay for it; the corporation has not been giving us water.
"Is there any new community that Water Corporation has given water? People depend on boreholes; even government estates have industrial boreholes.
"Why do we keep pumping money into an agency that does not give us the desired results?'' he asked.
He noted that the Adiyan Waterworks was located at Ifako-Ijaiye, where many of the residents had resorted to digging boreholes as a means of getting water.
''A lot of people are falling sick because they don't drink clean water.
''In the same compound, where you have sewage, is where you have a borehole.
''There is no way you can manage the sewage that it will not leak and pollute the water; everyone drinking such is drinking contaminated water,'' he said.
The lawmaker urged the corporation to increase water reticulation and supply to residents.
highchief1:
soyinka criticized govts that are worse than this but have refused to criticize this one.doesn't make sense.
i no no say na so yoruba people be
How many SE people criticise Obi for his eight years failure in Anambra?
Did they not vote him 100% in the five SE states to unwittingly make ebiolkan's path to Aso Rock easier?
chuksikem:
What exactly is peter obi doing in Anambra state?
Am confused to say the least, please someone should tell me because the anambra i visited has degenerated so much,
chuksikem:
Was in awka some days back ,its really shameful, my heart bleeds for my state, from amansea to awka is still the same, pothole riddled roads, non-functioning street lights, refuse littering the entire state capital from arroma junction down to Ziks avenue, ,arthur eze,unizik junction,court road,udoka housing estate etc are still the same, no changes at all, the state capital still looks like a glorified village,
Civil servants and pensioners are been owed 3 MONTHS salary, so many abandoned projects yet the woman sounding governor is always in abuja 24/7.
Please peter obi's handlers on nl should please enlighten us,
A state that has the highest number of successful human beings in the entire black nation, it hurts,
Wish soludo had won ,
Kobojunkie:
.... @Poster, he is doing exactly what the people elected him to come do again. I mean for a man with meagre list of accomplishments during his first time, why else would he had been re-elected if not to continue the same?? undecided undecided undecided
press9jatv:
hunger and suffering will continue to increased after 8 years Tinubu government.
Hunger and suffering no dey finish
Are you more knowledgeable about these things than Wale Edun
thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy
Goodnews247:
With little or zero impact in the lives of Nigerians
Yorubalokan people in isale Eko are feeling the imapct o. Daily bread palliative no be wasa.
We just pray that no one is stampeded to death fighting for his palliative share. At least if ebilokan fails to create the millions of jobs promised, we can make do with his clueless palliative option. At all at all na im bad .
Glimpsetv:
A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.
Watch the video, share your thoughts in the comments.
How is it interesting that all the increased revenue is looted to bribe politicians who will keep ebilokan in office for more APC shege after 10 years of worse poverty, unemployment, inflation, insecurity, corruption etc than what PDP did in 16 years?
Any idea when ebilokan will achieve his N300/$1 short term goal after two years of hitting the ground running and borriwng billions from Afreximbank?
anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate
April 23, 2023
The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*
“My istration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.
“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.
Is it also great that more Nigerians are suckers for ebilokan hunger and starvation, insecurity and unemployment, inflation and underemployment, corruption and kidnappings etc?
Omooba77:
The association, in a statement on Sunday by the NAS Capn, Dr. Joseph Oteri, said these needless deaths, a grim reflection of the desperation gripping many Nigerians, underscore the rising hunger and economic hardship that has engulfed the nation.
The National Association of Seadogs (Pyrates Confraternity) says it is deeply saddened by the tragic loss of over 60 lives in Oyo, Anambra, and Abuja during recent palliative distribution stampedes.
The association, in a statement on Sunday by the NAS Capn, Dr. Joseph Oteri, said these needless deaths, a grim reflection of the desperation gripping many Nigerians, underscore the rising hunger and economic hardship that has engulfed the nation.
“While we commend the government's effort to alleviate the plight of vulnerable citizens through palliatives, it is evident that these measures have been marred by inadequate planning, poor coordination, and lack of ability,” it said.
According to the group, the chaotic scenes that led to the fatal incidents are an “indictment of the systemic failure to address the root causes of hunger and poverty”.
The group noted that rising hunger in Nigeria is a national emergency that demands urgent action.
“Failure to act decisively will deepen the crisis, with devastating social, economic, and political consequences,” it said.
“We mourn with the families of the deceased and demand that the government ensures ability for this avoidable tragedy. Hunger should never be a death sentence in a country blessed with abundant resources.”
“It is time to rise to the challenge of ensuring that every Nigerian can live with dignity, free from the scourge of poverty and hunger,” it added.
Therefore, the association called on all levels of government to urgently prioritize sustainable solutions to the hunger crisis.
It said, “Palliatives must reach the intended beneficiaries without endangering lives. Transparent and well-organised systems, with the involvement of community leaders and credible NGOs, should be put in place to avoid chaotic distributions.
“Beyond temporary relief measures, the government must develop long-term strategies to enhance food production, local farmers, and stabilize food prices.
“Programmes aimed at addressing the needs of the most vulnerable must be scaled up. Access to affordable healthcare, education, and social safety nets is critical to lifting millions out of poverty.
“Policies that create jobs and enhance income-generating opportunities should be fast-tracked to reduce dependency on palliatives.”
The association noted that two of its chapters in Edo State (Area 3) recently had successful palliative programmes, during which over 2,000 underprivileged persons were fed.
It added that one of the key components of the programme was orderliness.
onatisi:
All these things Wike is doing is to show loyalty to Tinubu . But Tinubu is a wise man and he knows that a leopard will never change its skin.
A betrayer like Wike will and can lso betray any one once his selfish desires are no longer met.
But if you continue servicing his selfish interests ,he will sell and kill anyone for you till he gets a higher bidder
Where does that leave all of us who own the governments and are impacted mostly by the incompetence of politicians in public office through the laws and policies that they make
anonimi:
“The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.
He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.
The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”
honestivo:
Must you insult everyone that goes against ur selfish interest
That is the way for a tout like him.
ddippset:
Says a man who hijacked the party and singlehandedly produced the last 4 National Chairmen of the party for his own selfishness.
Says a man who accepted nomination to be running mate to Fulani Atiku.
He knew it was injustice to give Atiku the ticket yet he lobbied to be the VP.
He knew the party had to go South for the 2023 election, yet he still put Secondus as National Chaiman just to hijack the party..
Only to push Secondus out because he wanted the ticket 2023.
This man remains the biggest problem of PDP.
He can only deceive and fool his minions, not reasonable people.
madridguy:
Wike should mind the ways he talks to elderly people.
Ogogoro person no care.
As long as he is serving his current master well until he betrays him for the next master.
anonimi: 2023: PDP and politics of healing Wike’s self-inflicted injury
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
marlow1962:
And how many billions for the common man?
Billions for where?
A few crumbs of daily palliative bread is all we get for the subsidy savings that ebilokan is using to bribe politicians for his reelection.
Who will save us from ourselves
Glimpsetv:
A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.
Watch the video, share your thoughts in the comments.
Appletek:
The Provost in charge of this scam is your kinsman. Dr. Jude Ejikeme Obidiegwu.
Go Google it.
Is ebilokan no longer the president, with capacity to fire those unfit for his government?
Maybe he is too focused on his own looting to bother with others who are using their political influence to keep him in power
chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.
The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.
Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.
The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.
I don't think so.
Akpabio must have hired Reno to produce fabricated stories to detsroy her reputation and save him from public embarrassment. Reno is clearly not a principled chap.
swaggerjack:
Reno Omokri: I Challenge Tinubu To Prove If He Was Not A Drug Lord In Chicago
JASONjnr:
Even US is borrowing with all their development and good economy.....
Are people in US cities like Chicago drinking shit-laced water from septic tanks sipping into boreholes? Is the US also the global capital of extreme poverty and out of school children?
Are Americans praying to japa to Nigeria and other countries like we do?
Does America borrow for its leaders to loot and share so they remain in power for more shege on the people?
chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.
The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.
Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.
The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.
Is there a sin in telling lies about the subsidy savings and Naira devaluation proceeds
ManirBK:
Aug 28, 2023
The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.
The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.
He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.
Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.
He reiterated the President Bola Tinubu-led istration’s desire to bring back the economy from the wood it has found itself over time.
Empresa:
The war looming in APC is caused by greed and selfish interested. Let's see how they survive this internal war
Will God answer the prayers of long-suffering Nigerians who have endured 10 years of APC shege that was fraudulently sold as change, when ebilokan ensured that southerner Jonathan became one term president so that he can install clueless northerner Buhari?
Will God answer our prayers so that Akpabio stops mocking our hunger and starvation suffering
Omicronvaccine: Wherever You See Free Food, Eat It - Nigerian Senate President, Senator Akpabio Advises Nigerians
Record what U posted and play it severally if it make sense to you.
It would av been better if U keep quiet.
What if DX person doesn't even vote or emilokan.
Choices have consequencies.
You don't have to vote or even ebilokan to suffer the consequencies of failing to do ENOUGH to prevent his emergence as president to further APC shege that was fraudulently sold as change a decade ago.
anonimi:
“The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.
He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.
The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”
Larryfest:
Those currencies don't have any value anymore....
Was this part of what APC promised 10 years ago when ebilokan made northerner Buhari president, ensuring southerner Jonathan was a one term president
Emergingnation:
Flashback: How Bola Tinubu spoke highly of Buhari in 2015, named PDP ‘Poverty Development Party
National leader of the ruling All Progressives Congress, APC, Bola Tinubu had during the presidential campaign in 2015, referred to President Muhammadu Buhari as the only solution for the security and economic challenges facing Nigeria.
During a mega presidential rally, the former governor of Lagos State recalled how some powerful nations in the world returned to army generals when they were challenged, saying “Major General Buhari would revive Nigeria’s economy”.
He named the current opposition People’s Democratic Party, PDP as the “Poverty Development Party saying they had nothing to offer.
His words at the time were; “Every nation has a period of their own challenges, when America was challenged, they turned to one great man, their ex-military general, General Eisenhower. When the French were challenged, they turned to their general, Charles de Gaulle.
“When Britain was challenged, they turned to their general. Today, Nigeria is economically and physically challenged so we turn to General Muhammadu Buhari. He is the right man for the job. If you talk about military experience, he has it abundantly, he has courage, simplicity, he has it abundantly.
“If you talk about great determination, a combination of vision and ability to perform, honesty and integrity, he has it abundantly.
“I laugh when the incapable government, ‘Poverty Development Party’ PDP were talking. They have nothing again to say, they now want to question the qualifications of General Buhari and look for his certificate”.
Following the manifestos in 2015 which projected the APC presidential candidate as a ‘saviour’, Buhari defeated the then incumbent president, Goodluck Ebele Jonathan with Nigerians expecting a total change in security and economy.
treesun:
Nigerians, when last did you see a ₦5, ₦10, or ₦50 note?
Let us ask the finance minister, shall we
thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy
How does a brid of reason a rogue who said he won't borrow due to subsidy savings but has increased loans more than Buhari did, just to loot and buy more luxury for himself while bribing politicians to keep himself in power for more APC shege that was fraudulently sold as change
chisomkachy:
Nigerian President Bola Tinubu’s first supplementary budget includes a fleet of SUVs for himself and his wife, a presidential yacht and the renovation of his villa amid a cost-of-living crisis for some of the poorest people in the world.
The proposal — which seeks additional funding beyond the annual budget approved by Tinubu’s predecessor — comes as the government asks Nigerians to persevere through pain caused in part by a raft of economic reforms ushered in by the new president. Africa’s most populous country faces rampant unemployment, soaring food prices and a plummeting currency.
Federal lawmakers approved the president’s request for extra spending on Thursday, but eliminated the provision of 5 billion naira ($6.01 million) to buy a presidential yacht. Instead, they doubled the allocation to a student loan fund to 10 billion naira, according Abubakar Bichi, chairman of an appropriations committee in the House of Representatives.
The lawmakers approved 1.5 billion-naira proposed to purchase SUVs for the office of First Lady Oluremi Tinubu — an amount larger than that allocated to many individual federal colleges. The supplementary budget also proposes almost 6 billion naira to purchase SUVs for the presidency — more than the amount initially allocated to fund a student loan program for poor families.
Ikaeniyan0:
Can you show evidence Government is borrowing money to build the project?
Did you ask for evidence of borrowing to loot while disguising it with road construction?
FG secures foreign funds for Lagos-Calabar coastal highway
The Federal Government has secured funding for the ongoing Lagos-Calabar coastal highway through an Engineering Procurement Construction and Financing (EPC+F) agreement with Hitech Construction Company Nig. Ltd, it emerged on Tuesday.
Minister of Works, David Umahi, said the move aligns with the government’s roap for sustainable funding of key legacy projects aimed at driving economic growth.
The first 30 kilometers of the project, Phase 1, Section 1, will be completed before May 29, the Minister announced recently.
RichBoy247:
Everybody don tire jare, with the removal of fuel and FOREX scam subsidies, I expect the economy to run without any external loan.
Anyway, I still stand with JAGABAN
Why stand with the worst rogue in our political space
ManirBK:
Aug 28, 2023
The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.
The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.
He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.
Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.
He reiterated the President Bola Tinubu-led istration’s desire to bring back the economy from the wood it has found itself over time.
Choosenwon:
Just incase you wish to help, I got an interview for a job to travel down today,
Kindly asssit me with any amount to get this interview done.
Thanks
My opay in my profile
Please find your way to Bourdillon and the ebilokan queue for your own palliative crumbs in the absence of jobs and incomes that are reduced and wiped out by inflation.
anonimi: The eyesore on Bourdillon Road
2nd January 2025
Beyond his neighbours, there is something about the sight of people hanging around a president’s residence that does not speak well of his leadership capabilities. Maybe no one has nudged him to see it, but the impression that spectacle on Bourdillon Road generates is that Tinubu enjoys the sight of suffering humans and thrives in—and through— their poverty.
If all these years, impoverished people hang around you and you remain comfortable enough to keep them just so they can be handed tokens of your large heart, then it means you have a pro-poverty mindset. Such a frame of mind is oriented toward cultivating poverty rather than stimulating abundance.
That is why he could unproblematically relate the story of his “friend” who went from using five Rolls Royce to a far-less valued car and not consider the import of the nonsense he was saying. That spurious was an indication that this is a man for whom poverty—of others, not himself—is an ideal.
Ikaeniyan0:
The government has always make it clear that any section that is completed will be opened and put to use. I don't understand the need for this article after the explanation by the FG
You can't understand the need fror the article since you obviously don't understand the need to prioritise the fixing of existing bad roads instead of borrowing money to build a white elephant project to nowhere.
Efuaye:
The government's free money is their lifeline no matter how much they store up.
Ameanchi was only exaggerating the situation!
Just as ebilokan's free daily bread palliative is our lifeline since he has failed to create the millions of jobs promised, two years after hitting the ground running.
Glimpsetv:
A large crowd of Lagosians was filmed in a long queue struggling to collect a loaf of bread. To maintain order, several military personnel were on the ground to control the crowd. This has triggered a lot of reactions online.
Watch the video, share your thoughts in the comments.
Mabuggi88:
Little thing una go wail tire, Una go wail tire. that's the only defense for the ineptitude of your personal Lord and savior. And na you even de wail .
Just like Wike is wailing upandan despite seeming to have everything after betraying everone who helped him rise up in politics.
ddippset:
Says a man who hijacked the party and singlehandedly produced the last 4 National Chairmen of the party for his own selfishness.
Says a man who accepted nomination to be running mate to Fulani Atiku.
He knew it was injustice to give Atiku the ticket yet he lobbied to be the VP.
He knew the party had to go South for the 2023 election, yet he still put Secondus as National Chaiman just to hijack the party..
Only to push Secondus out because he wanted the ticket 2023.
This man remains the biggest problem of PDP.
He can only deceive and fool his minions, not reasonable people.
Prospect of a possible alliance between the Action Congress of Nigeria, ACN and Congress for Progressive Change, C, was dashed yesterday in Kano as the leader of the party and former governor of Lagos State, Asiwaju Ahmed Bola Tinubu described C as parading “expired leadership.”
Tinubu told ACN ers in Kano during the party’s Presidential rally that: “What Nigerians need now is a transformation in leadership” as obtained in the advanced economy.
The two-term Governor of Lagos State explained that the leadership of ACN was offering Nigeria the brilliance of Nuhu Ribadu who, he said, is in the class of Nicolas Sarkozi of , David Cameron of Britain, Medvedev of Russia and Barack Obama of the United States of America.
“What has C got to offer? We certainly don’t need expired leadership as we are offering the best in of brilliance, courage and patriotism in the class of Sarkozi of , David Cameron of Britain and Barack Obama of the USA.”
Tinubu’s position came on the heels of Ribadu’s declaration penultimate week in Kaduna when he hinted during a political rally of a t ticket between the two opposition parties to confront the dominance of the Peoples Democratic Party, PDP.
The national leader of ACN criticised President Goodluck Jonathan for shying away from the national debate held last Friday, stressing that”that singular act exposed Jonathan as a coward who has nothing to offer.”
Abaziaka:
Nigerians forget so soon
Amechi
Atiku
El_rufai
Where the key architects that form the Apc coalition that brought Buhari to power
Amechi became minister
While El-rufai became governor
Atiku retract back to PDP because getting the apc ticket wasn't foreseeable.
And after serving in the worse government in history of Nigeria under Buhari leadership,
They still want us to trust their selfish coalition.
Ogas politicians our mumu don do
This people don't care about the interest of the masses other than their political interest
Why did you leave out ebilokan in this long story?
Prospect of a possible alliance between the Action Congress of Nigeria, ACN and Congress for Progressive Change, C, was dashed yesterday in Kano as the leader of the party and former governor of Lagos State, Asiwaju Ahmed Bola Tinubu described C as parading “expired leadership.”
Tinubu told ACN ers in Kano during the party’s Presidential rally that: “What Nigerians need now is a transformation in leadership” as obtained in the advanced economy.
The two-term Governor of Lagos State explained that the leadership of ACN was offering Nigeria the brilliance of Nuhu Ribadu who, he said, is in the class of Nicolas Sarkozi of , David Cameron of Britain, Medvedev of Russia and Barack Obama of the United States of America.
“What has C got to offer? We certainly don’t need expired leadership as we are offering the best in of brilliance, courage and patriotism in the class of Sarkozi of , David Cameron of Britain and Barack Obama of the USA.”
Tinubu’s position came on the heels of Ribadu’s declaration penultimate week in Kaduna when he hinted during a political rally of a t ticket between the two opposition parties to confront the dominance of the Peoples Democratic Party, PDP.
The national leader of ACN criticised President Goodluck Jonathan for shying away from the national debate held last Friday, stressing that”that singular act exposed Jonathan as a coward who has nothing to offer.”
anonimi: 3:04pm On Jun 02
