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Breaking:FG Suspends Fuel Subsidy Removal

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The federal government has postponed the planned petrol subsidy removal till further notice due to “high inflation and economic hardship”.

Subsidy or under-recovery is the underpriced sales of premium motor spirit (PMS), better known as petrol.

The government had planned to stop subsidy payments on petroleum products from July this year.

Zainab Ahmed, minister of finance, budget, national planning, disclosed this on Monday in Abuja at a meeting with Senate President Ahmad Lawan.

The meeting had Timipre Sylva, minister of state for petroleum resources; representatives of oil companies, among others, in attendance.

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Last week, Lawal had said Buhari did not direct the removal of petrol subsidy, saying their “constituents are raising concerns over the policy”.

The National Economic Council (NEC) said it is still considering the recommendations — which proposed full deregulation and N302 per litre for PMS.

Ahmed said petrol subsidy was provided for in the 2022 budget to run from January till June.

She, however, said that after consultations with stakeholders — in view of the high inflation and economic hardship — additional provisions would be made beyond the initial period.

According to her, it has become clear that the timing for the removal of petrol subsidy will be problematic as the country still experiences heightened inflation.

“Provision was made in the 2022 budget for subsidy payment from January till June. That suggested that from July, there would be no subsidy,” Ahmed said.

”The provision was made sequel to the passage of the Petroleum Industry Act, which indicated that all petroleum products would be deregulated.

“Sequel to the passage of the PIA, we went back to amend the fiscal framework to incorporate the subsidy removal.

“However, after the budget was passed, we had consultations with a number of stakeholders, and it became clear that the timing was problematic.

“We discovered that practically, there is still heightened inflation and that the removal of subsidy would further worsen the situation and impose more difficulties on the citizenry.

“Mr President (Muhammadu Buhari), does not want to do that. What we are now doing is to continue with the ongoing discussions and consultations in terms of putting in place a number of measures.

“One of these include the roll-out of the refining capacities of the existing refineries and the new ones, which would reduce the amount of products that would be imported into the country.

“We, therefore, need to return to the National Assembly to now amend the budget and make additional provision for subsidy from July 2022 to whatever period that we agreed was suitable for the commencement of the total removal.”

On his part, Lawan appealed to the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to shelve their planned industrial action over subsidy removal as it has become unnecessary.

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2027: Pro-Fubara protesters want suspended Gov to run as Atiku’s VP

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Pro-Fubara protesters in Rivers State are demanding that suspended Governor Siminalayi Fubara, should not be coerce into joining any party even as they called on him to run as Atiku Abubakar’s vice presidential candidate in 2027.

In a trending video online posted on Facebook by some supporters of Gov. Fubara, a lady in black an ardent supporter of suspended Gov Fubara, alongside other protesters apparently registering their anger in the clip declared that:

“We want Fubara returned as Governor. We’re waiting for our own northern collaboration, what we want is for our Governor, to run as vice president with Atiku Abubakar.

“Yesterday (Wednesday) our Governor met with Wike and he was told to support Tinubu, what kind of arrangement is that, we’re not in support of that.

The group’s leader apparently exhibited the position of Fubara as their support is for Atiku/Fubara ticket.

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There is no smoke without fire as 2027 macabre dance by Fubara got exposed.

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APC Using Money, EFCC Threats To Weaken PDP Through Defections-Bugaje

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Former member of the House of Representatives and ex-presidential adviser Dr. Usman Bugaje has accused Nigeria’s ruling party, the All Progressives Congress (APC), of systematically using money to induce defections from the opposition Peoples Democratic Party (PDP).

Speaking in an interview with Arise News, Bugaje claimed that the APC has been aggressively targeting opposition figures, leveraging both financial incentives and potential legal threats.

His words: “Well, for what I know—and I don’t claim to know everything—the APC is basically using money to buy off PDP.

“Some say it’s a carrot and stick approach. The money is the carrot. What’s the stick? Possibly the EFCC. They might do these kinds of things. This has been the practice since the time of President Obasanjo.”

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Bugaje argued that the root cause of the ongoing wave of defections is money, warning that such practices pose a grave threat to Nigeria’s democratic system.

He said: “For me, this is a very serious issue. This should be the center of our political discourse. As long as money remains the determining factor, then that’s the end of democracy and the end of politics.”

His comments come in the wake of a major political shake-up in Delta State, where Governor Sheriff Oborevwori and former Governor Ifeanyi Okowa, who was also the PDP’s 2023 vice-presidential candidate, defected to the APC. They were joined by members of the National Assembly, State Assembly, and several local government chairmen.

Bugaje stated that he is skeptical about the PDP’s ability to function as an effective opposition.

“There has not been real opposition since the moment Nyesom Wike did what he did,” Bugaje said.

“The PDP missed its chance to be a viable opposition party. Just look at their conduct on major national issues—from emergency rule debates to budget discussions. They failed to act like an opposition,” he added.

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Saraki: No Cause for Alarm, PDP Will Rebuild and Reposition Despite Delta Defections

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Former Senate President, Dr. Abubakar Bukola Saraki, has urged members of the Peoples Democratic Party (PDP) not to be discouraged by recent defections in the party, particularly in Delta State, assuring them that the PDP will emerge stronger and more united ahead of the 2027 general elections.

In a statement posted on his verified Facebook page, Saraki addressed concerns raised by party supporters and youth following the defection of top party figures, including Delta State Governor Sheriff Oborevwori, to the ruling All Progressives Congress (APC).

*”My view is that those who want to leave the PDP should leave now and let the rest of us who want to stay concentrate on rebuilding the party and refocusing it to play the role of a viable opposition that will provide a better alternative for the good people of Nigeria,”* Saraki wrote.

He emphasized the critical role of the opposition in a multi-ethnic democracy like Nigeria and warned against any attempts to impose a one-party state, describing such an idea as “dangerous” to the country’s diversity and democratic future.

It is in the interest of Nigeria and the survival of our democracy for the opposition to be vibrant and strong enough with the capacity to replace the ruling party at any point,”* he added, insisting that recent events should not demoralize PDP loyalists.

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Reacting to what he described as “insincere leadership” among some PDP figures, Saraki said the current situation vindicated his earlier decision to observe events in silence. He pointed out that internal disloyalty had eroded trust within the party’s leadership ranks.

This development has vindicated the stance of people like me who have decided to remain silent and watch events unfold. I have seen that there was no sincerity with supposed leaders of the opposition,”* he said.

The former governor of Kwara State urged PDP members to view democracy as a long-term project rather than a “knock-out match,” encouraging patience, resilience, and renewed commitment to the party’s values.

“The sustenance of democracy is not a sprint. Rather, it is a marathon… 24 hours is a long time in politics and nobody can predict how the dynamics will evolve in the coming weeks and months,”* Saraki noted.

Addressing the defection of Delta State’s governor and his allies, including the 2023 PDP presidential running mate, Saraki said such moves reflect the declining ethical standards in Nigerian politics. He called for a shift from personal loyalty to strengthening political institutions.

“Yes, it is unbecoming and shocking for the running mate to the standard bearer of a leading party to abandon ship to join the ruling party. This is unprecedented… The country is experiencing a collapse of leadership values,”* he stated.

Despite the setbacks, Saraki expressed confidence in PDP’s prospects, stressing that party strength is measured not by numbers alone but by the dedication and integrity of its members. He called on youths and women to take leadership in the party’s rebuilding efforts.

“The PDP is better with fewer members who are loyal, sincere, determined, and committed to its ideals than with many who flirt with the ruling party in the shadows,”* he declared.

He concluded by assuring supporters that PDP leadership organs will convene to strategize, noting that there is still ample time to reposition the party for success in 2027.

“There is no cause for alarm. Our party members should not lose focus, hope, or determination. We should see the current development as a challenge to rebuild and refocus. Tomorrow is very bright,”* Saraki concluded.

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