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More Hardship As FG Removes Fuel Subsidy, June

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Effective from June, 2022, Nigerians would have to pay more for premium motor spirit (PMS) as the Federal Government is set to completely remove fuel subsidy.
Minister of Finance, Budget and National Planning, Zainab Ahmed, who said this yesterday, explained that the Federal Government would remove fuel subsidy by 2022 and substitute the subsidy with N5,000-a-month transportation grant to the poorest Nigerians.
Speaking at the launch of the World Bank Nigeria Development Update (NDU), the minister said the grant would be distributed to about 30million to 40million Nigerians who make up the poorest population of the country.
The minister also disclosed that the total number of beneficiaries would depend on the resources available after the removal of the fuel subsidy.
Ahmed said this move is set for June, 2022, but the Federal Government hopes to do this before June – in line with the Petroleum Industry Act (PIA).
She said: “The subsidies regime in the oil sector remains unsustainable and economically disingenuous.
“Ahead of the target date of mid-2022 for the complete elimination of fuel subsidies, we are working with our partners on measures to cushion potential negative impact of the removal of the subsidies on the most vulnerable at the bottom 40per cent of the population.
“One of such measures would be to institute a monthly transport subsidy in the form of cash transfer of N5,000 to between 30million – 40million deserving Nigerians.”
In the development update, the World Bank had said the poorest 40per cent in Nigeria consume less than three per cent of the total PMS in the country, meaning that the rich were benefiting more from the subsidies.
“We are very optimistic that the recent developments in the oil sector, such as the Petroleum Industry Act (PIA) 2021, hopefully, the full reactivation of the four public refineries in the country, and the completion and coming on stream of the three private refineries under construction in 2022, would significantly boost contribution from the sector to our economic growth efforts,” Ahmed added.
“I agree with the report that with the expansion of social protection policies during the pandemic, the government has an opportunity to phase out subsidies such as the PMS subsidy while utilising cash transfers to safeguard the welfare of poor and middle-class households.”
Also speaking, the Group Managing Director of the Nigerian National Petroleum Company (NNPC), Malam Mele Kyari, dropped the hint that a litre of fuel may sell between N320 and N340 in 2022.
Kyari assured that fuel subsidy removal would definitely be achieved in 2022 as it was now fully backed by law.
He said that subsidy would have been eliminated in 2020 but certain factors prevented it.
He, however, said that the law provides that by the end of February, 2022, the nation should be out of the subsidy regime.
“There will be no provision for it legally in our system, but I am also sure you will appreciate that government has a bigger social responsibility to cater for the ordinary and therefore engage in a process that will ensure that we exit in the most subtle and easy manner,” he said.
On the hike in prices of cooking gas, he said that it was a demand and supply issue as there was a global crunch on supply of gas and many countries were now threatened by lack of supply in December.
He added that the product was not under any subsidy regime and therefore irrespective of where it was produced, would follow the global trend.
Kyari, however, assured that the company was working on increasing local production to meet the needs of consumers.
In his remarks, Kaduna State Governor, Nasir el-Rufai declared that if fuel subsidy is not removed, 35 out of the 36 states of the federation won’t be able to salaries of workers in 2022.
Against this backdrop, El-Rufai said governors are ready to support the Federal Government in the elimination of fuel subsidy regime.
El-Rufai, a panellist who joined virtually at the event, said kerosene which matters most to the masses had been regulated without any hitches, while diesel which was most important to transporters had also been regulated for a long time.
“This hullabaloo about petrol is something that we must as a country have a conversation and agree that it has to end.
“We cannot continue to provide petroleum to our neighbouring countries, which is what we are doing.
“Why are we doing this? For whom are we doing it? Who is the beneficiary? Which is the cabal that is the beneficiary of this and why should they hold this country to ransom and bankrupt the Nigerian economy?
“Right now, we are losing N250billion a month and this has to end. State governments are committed to supporting the Federal Government on this.
“We do our bit, engage stakeholders and put the facts on the table so that everyone understands the danger the country is in if the subsidy continues, as well as the benefits that will accrue.
“Not only to the budgets of the states and their capacity to deliver social services, but also what will go directly to the pockets of the poorest Nigerians that will bear the brunt of any withdrawal of subsidy.
“This is the position of the state governments and we met just a few days ago to take this position.”
El-Rufai said that the governors saw the dangers in continuing on the path of petroleum subsidy and support policy measures needed to improve the fiscal situation, such as price stability.
This, he said, was by ensuring that there was alignment of the exchange rate and good coordination between fiscal and monetary policy.
The World Bank Country Director, Mr. Shubham Chaudhuri, said even though Nigeria’s economy exited a pandemic-induced recession, several challenges persist, including double-digit inflation, declining incomes, and rising insecurity.

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Retirement: Ignore PSC’s Directive, Remain In Office, IGP Tells Officers 

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The Inspector General of Police, IGP Kayode Egbetokun, has instructed all police officers affected by the recent directive from the Police Service Commission (PSC) to disregard the order.

The PSC had directed officers who have served 35 years or reached 60 years of age to retire immediately.

A wireless message from the office of the Force Secretary, dated February 11, 2025, stated that the IGP “strongly directs all officers affected by the PSC’s directive to stay action, pending further instruction.” Officers were told to comply strictly with this order.

Last week, PSC spokesman Ikechukwu Ani, explained that the commission’s order followed a review of its previous stance from the 24th plenary meeting in September 2017, allowing force entrants to use their enlistment date rather than their initial appointment date.

The commission cited inconsistencies with Public Service Rule No. 020908, which mandates retirement after 35 years of service or upon reaching 60 years of age.

However, the PSC clarified that it does not have the constitutional authority to determine the appointment or retirement of IGP Egbetokun.

 

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Be Consoled, God Who Gives, Also Takes, Fubara Tells Principal Secretary 

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Rivers State Governor, Sir Siminalayi Fubara, has extolled the sterling motherly virtues of late Mama Ayebadieye Edward Igbeta, and urged the children not to deviate from those valuable lessons she had taught them.

 

Late Mama Ayebadieye Edward Igbeta (79 years) is the mother of Dr Ayebaesin Jacob Beredugo, the Principal Secretary to Governor Fubara.

 

The Rivers State Governor, who described Dr Beredugo as a brother,  trusted ally and key stakeholder of his administration, urged him to be consoled in God and bear the loss with fortitude.

 

Governor Fubara gave the advise at the funeral service in honour of late Mama Ayebadieye Edward Igbeta at the Cathedral Church of St Luke, Anglican Communion in Nembe City, Nembe Local Government Area of Bayelsa State yesterday.

 

The Rivers State Governor said: “We are here as a government to show that in this difficult time, we stand with him. We know that there is no consolation here that can fill the gap of this loss, more especially the loss of a mother.

 

“But, we want to draw his mind to the good Book: that it is the Lord that giveth, and it is also the Lord that taketh. And he takes for a reason.

 

“We live in a corrupt world, and when you are a saint in the world, when it pleases the Almighty and He believes that He doesn’t want you to be corrupted, He takes away the soul to a better place where death is no more, where you don’t have to look for food again, where you have peace.”

 

Governor Fubara expressed strong belief that given the way Mama had lived and the good virtues that had been read out and said about her, there is no doubt that she will be in a good side in heaven.

 

The Governor decried the current condition of the cathedral where the funeral service held and committed the support of the Rivers State Government to ensure the completion of the building in memory of late Mama Ayebadieye Edward Igbeta

 

“We have been made to understand that the Cathedral needs strong support. We are willing to support the completion of the Cathedral. We will support the building in memory of Mama with the sum of N50million”

 

Delivering the sermon on the topic; “Hope in the face of death”, Bishop of the Diocese of Western Izon, Rt. Rev. Victor Okporu, said those who are confidently expecting positive future must also believe in Jesus Christ, repent of their sins, and be prepared to spend eternity with Him.

 

Reading the biography of the late Madam Ayebadieye Edward-Igbeta, brother of the decreased, Mr Godwin Ekine, said his late sister was an embodiment of love, care, peaceful and kind-hearted, and touched lives through her generosity and compassion.

 

Friends and well-wishers from Bayelsa, Rivers and Delta states, some of whom shared fun memories of the late matriarch, were later hosted to a funeral reception at King Koko’s Square in Nembe Town.

 

Also at the burial were the State Deputy Governor, Prof Ngozi Odu; Speaker, Rivers State House of Assembly, Rt Hon Victor Oko-Jumbo; member representing Ikwerre/Emohua Federal Constituency in the National Assembly, Hon Boniface Emerengwa; and Chief of Staff, Government House, Dr Edison Ehie.

 

Others are Head of Service, Dr George Nwaeke; Attorney General and Commissioner for Justice, Dagogo Israel Iboroma, SAN, Dr Tamunosis Gogo-Jaja; Chief Hanny Woko; Amaopusenibo Fubara Hart; Chief Theodore Georgewill; members of the State Executive Council; Special Advisers; top politicians, leaders and stakeholders in the State; among others.

 

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Old Boys Plan Rehabilitation Of GSS, Okehi

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The Chairman of the Old Boys Association of Government Secondary School (GSS), Okehi Etche, Rivers State, Prof. Sir, Umunna Offor, has stated that the association would soon visit their alma-mater and rehabilitate decayed infrastructure and facilities in the compound.
The chairman made this assertion while speaking with some newsmen after an extensive meeting of the Old Boys in Port Harcourt, recently.
Sir Offor stated that since they left the secondary school, some years ago, most of the facilities and infrastructure built by then Rivers State Government had decayed and worn out.
“ However, being responsible ambassadors and Old Boys of the college, we would not fold our arms and expect government to rebuild everything in the school compound, hence, we have decided to come together and graciously assist our alma mater’, he said.
“The meeting was basically for like-minds to gather to find a way to help the school, it is a thing of joy to see and receive old school friends and comrades who have gone far in life and have excelled in their respective chosen fields”.
Speaking in the same vein, Engr, Lasbrey Amadi; (FNSE), who is also an old boy and former member of the House of Representatives, said the association would be working in synergy with the administrators of the school to ensure that in no distant time; there would be a massive face-lift in the physical infrastructure in the school compound.
Veering into politics in Nigeria of today, Engr, Amadi, said that god-fatherism in politics had seriously killed the gains and beauty of democracy in Nigeria and quickly urged politicians to always play-down the issue of god-fatherism in politics and ensure good governance in the country.
In his comment, the Public Relations Officer (PRO) of the Association, Mr Goodluck Nwaobilor, said the door of the association is still wide open for new members who finished from the school to join and work towards taking the association to higher level.

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