Day: September 9, 2024

Nigerians lament economic hardship, as fuel price hike cripples economic activities

Aminu Imam
Suffering Nigerians

Nigerians from various sectors have united in criticising the recent hike in petrol prices, which rose from N617 to N897 per litre on September 3, 2024. This increase, approved by the Nigerian National Petroleum Company Limited (NNPCL), has led to widespread discontent across professional bodies and civil society, including the Manufacturers Association of Nigeria (MAN), Nigeria Labour Congress (NLC), and Nigerian Bar Association (NBA). The economic impact has been severe, with transportation costs rising by 50-100% in some areas. Many citizens, already struggling, are now facing increased expenses on food,…

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Shake-up in Tinubus cabinet imminent – Sources

Aminu Imam
Presidency shake up

Non-performing ministers to go Barring last-minute change of decision, President Bola Tinubu is likely to dissolve his cabinet this week. According to a top source close to the corridors of power, The dissolution is to pave the way for the injection of fresh minds that can bring the needed vitality to the cabinet. The president, who just returned from China, is likely to leave for the United Nations General Assembly (UNGA) scheduled to take place in New York next week. Explaining further, the source hinted that President Tinubu might execute…

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“VAT, fuel price hike, blazing inferno that will consume Nigerians” Atiku

Aminu Imam
Atiku on VAT

Former Vice-President, Atiku Abubakar, has warned of the dire consequences of the Value-Added Tax (VAT) and fuel pump price increase, saying the development is an inferno that is capable of consuming Nigerians. Atiku said the increment smacks of insensitive, saying the planned increase in VAT, coming on the heels of the increased fuel pump price is capable of doing more damages to the already fragile economic situation in the country. According to Abubakar, this move is part of a new era of “regressive and punitive policies” that will deepen the…

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Niger: Tanker explosion claims 30 lives, kills 50 cows in Agaie

Aminu Imam
Niger tanker explosion

A tanker explosion which occurred in the Agaie local government area of Niger State has resulted in the deaths of over 30 people and the burning of 50 cattle. According to reports, the explosion took place around 12:30 a.m. yesterday, along the Lapai-Agaie road, approximately 2 kilometers from the Dendo community in Agaie. It was learnt that the incident occurred when a petrol tanker, loaded with PMS, better known as petrol, collided with a trailer-truck loaded with travellers and cattle from Wudil, in Kano State, while heading to Lagos. Two…

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ARCON establishes image bank to boost local-content creation

Aminu Imam
ARCON on image bank

In an unprecedented move set to revolutionise the African media landscape and boost local-content production, the Advertising Regulatory Council of Nigeria (ARCON) has taken a bold step towards establishing the continents first indigenous stock image bank named the Nigeria Stock Image Bank, (NSIB). The Image Bank is expected to engage over 100,000 photographers, 10,000 models, content creators and other professionals at inception. The council recently inaugurated a 10-member Stock Image Bank Committee in Lagos as part of its ongoing industry wide reforms aimed at growing and projecting the advertising eco-system…

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‘Jonathan, Buhari’s administrations far better than Tinubu’s’ – NLC

Aminu Imam
NLC on Jonathan, PMB

The Nigeria Labour Congress (NLC) has said the Goodluck Jonathan and Muhammadu Buhari administrations were far better in terms of governance and economic management than the present government of Bola Ahmed Tinubu. The disclosure was made in a published interview on Friday by NLC Spokesperson, Benson Upah. The labour body praised former President Buhari for his accommodating nature and efforts to ensure stability and good living conditions for Nigerians. Upah condemned the removal of fuel subsidy by the Tinubu government, stating that the President failed to consider the devastating consequences…

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“Direct NNPC to reverse ‘unlawful’ fuel price hike” SERAP tells Tinubu

Aminu Imam
SERAP tells Tinubu

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good offices to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the apparently illegal and unconstitutional increase in the pump price of premium motor spirit (PMS), also known as petrol, across its retail outlets”. SERAP urged him to “direct the Attorney-General of the Federation and Minister of Justice Mr Lateef Fagbemi, (SAN), and appropriate anti-corruption agencies “to probe the allegations of corruption and mismanagement in the NNPCL, including the…

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Zamfara: Bandit warlord, Turji shows mercy, reduces ransom demand on his controlled territory

Aminu Imam
Zamfara bandit warlord, Turji

Notorious bandit kingpin, Bello Turji has agreed to reduce the ransom he imposed on the people of Moriki town in Zamfara State, from N50 million to N30 million. The ransom is reportedly compensation for the killing of Turji’s cows by the new commander of the Army base stationed in Moriki. The villagers have been given a deadline of Wednesday to pay the reduced amount. Each family Head is expected to contribute N10,000, while unmarried adults have been mandated to pay N2,000. It was gathered that despite the Army commander’s advice…

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