Buhari Government To Replace Fuel Subsidy With N5,000 Transport Grant For 40million Nigerians – Finance Minister - GIST NOWNOW
Connect with us


Buhari Government To Replace Fuel Subsidy With N5,000 Transport Grant For 40million Nigerians – Finance Minister



The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the federal government will remove fuel subsidies by 2022 and replace them with N5000-a-month transportation grant to the poorest Nigerians.

She disclosed this at the launch of the World Bank Nigeria Development Update (NDU) on Tuesday.

Zainab explained that the grant would go to about 30 to 40 million Nigerians that make up the poorest population of the country adding that the final number of beneficiaries would depend on the resources available after the removal of the fuel subsidy.

She also explained that the move was set for June 2022, but the federal government hopes implement it before June in line with the Petroleum Industry Act (PIA).

“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 40% 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 30 – 40 million deserving Nigerians,” she said.

The World Bank in the development update had said the poorest 40% in Nigeria consume less than 3% of the total PMS in the country, highlighting that the rich were benefiting more from the subsidies.

Zainab further continued that, “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 4 public refineries in the country, and the completion and coming on stream of the 3 private refineries under construction in 2022, would significantly boost contribution from the sector to our economic growth efforts.”

“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.”

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Amnesty International Condemns Attacks On Sowore By Nigerian Government-Sponsored Thugs



Global human rights’ body, Amnesty International, has expressed concerns over the safety and liberty of human rights’ activist, Omoyele Sowore.

The group condemned the nonchalance of security agents in the attacks by state-sponsored hoodlums on the activist – the latest episode of which took place at the Federal High Court on Thursday.

AI lamented that the attacks happened in the presence of security agents who made no effort to stop it.

In a statement on Thursday, Amnesty International noted that the series of attacks on Sowore had become disturbing, while it called on the Nigerian government to immediately launch an investigation into the issue.

The statement reads, “Amnesty International is concerned for the safety and liberty of Nigerian activist and human rights defender, Omoyele Sowore, following today’s attack by suspected thugs at the premises of the Federal High Court Abuja. The attack happened in the presence of security officials who made no attempt to arrest the attackers.

 “This is not the first time that Sowore has faced threats, attacks and intimidation since his release from DSS detention in December 2020.

”On 31 May 2021 Sowore was shot in the right side of the stomach by a female police officer at the Unity Fountain, Abuja during a peaceful protest.

“Today’s attack on Sowore comes amidst escalating threats and attacks on human rights defenders across Nigeria. The threats, harassment, intimidation and attacks on Omoleye Sowore and other human rights defenders and activists in Nigeria must end. 

”Amnesty International calls on the Nigerian authorities to investigate the attack and bring those responsible to justice.”

On Thursday, hoodlums pounced on Sowore while he was attending the trial of the leader of the Indigenous People of Biafra, Nnamdi Kanu, at the Federal High Court in Abuja.

While Sowore attended the court session, the armed thugs in large numbers laid siege around, waiting for him to come out of the place.

Immediately they sighted him, the thugs rushed towards him and started throwing stones at the activist and his entourage.

As he navigated his way out of the court premises, the thugs rained several more stones on his car, damaging the front and rear side glasses.

Some of the hired hoodlums could be heard telling others to chase the vehicle and make sure the activist was dealt with.

Meanwhile, Sowore, in an account titled, “Nnamdi Kanu’s Trial: Deadly Attack on my person at the Federal High Court in Abuja,” narrated how the DSS Director of Operations informed the court security personnel to withdraw from the scene whenever the thugs were about to attack him (Sowore).

Narrating the incident, Sowore said, “I was at the Federal High Court in Abuja today to cover, observe and witness the trial of IPOB leader, Nnamdi Kanu before Justice Binta Nyako.

“Soon as court proceedings ended I left the court room and tried going to my next assignment in the Federal Capital Territory (FCT) Abuja. As soon as I reached the gate of the Federal High Court, I was alerted to the large presence of thugs and hoodlums carrying dangerous weapons. I had been briefed that these persons were mobilised by Nigeria’s secret police known as the DSS. During my last appearance in court for the same purpose, they physically attacked me while the DSS and police pushed me back to them; this was captured on tape.

“My lawyers wrote a petition to the police and the DG of DSS specifically requesting for their prosecution of the ‘thugs’ and their officers involved in these infamous acts but the security agencies either ignored the petitions or played hookie.

“Today, as I drove away from the courtroom, I was attacked with dangerous objects leading to the destruction of my car and injuries to some of the occupants in the car travelling with me. I sustained minor injuries from broken glasses. These assailants were brought by the DSS according to Federal court security. It is not their first time.

“The federal DSS Director of Operations even informed court security to ‘withdraw’ whenever I was to be attacked. Since my partial release in December 2019, the police and DSS have tried to maim or kill me in several documented/reported incidents of abuse and assault including the shooting of a riot gun, physical attacks and recently the use of non-state actors to violently assault me in public.

“Unfortunately, the Nigerian media haven’t reported or investigated these violent deadly attacks.”

SaharaReporters had noted that Thursday’s attack was not the first time the DSS would be mobilising thugs to go after Sowore – the latest incident adds to an already swelling list.

On November 9, about 20 thugs were recruited by the DSS to attack Sowore while he attended the trial of Kanu at the same court.

Source link

Continue Reading


Alleged defilement: Court fixes December 15 to rule on Baba Ijesha’s statement | The Guardian Nigeria News



Justice Oluwatoyin Taiwo of an Ikeja Special Offences Court has fixed Dec. 15 to rule on the admissibility of the confessional statement of Nollywood actor Olanrewaju James, who is facing allegations of defilement.

Taiwo fixed the date on Thursday after the prosecution and defence teams adopted their written addresses on the trial-within-trial.

Recall that during the court proceedings on Nov. 19, the defence, led by Mr Babatunde Ogala (SAN) and Mr Dada Awosika (SAN), had objected to the confessional statement of James, alias Baba Ijesha, being admitted as evidence.

The objection was predicated on the ground that the statement the Nollywood actor gave to the police was made under duress.

Taiwo, during the Nov. 19 proceedings, had granted their request for a trial-within-trial to determine the voluntariness of the statement.

After the trial-within-trial, she had adjourned for the adoption of written addresses.

During Thursday’s proceedings, Awosika, while adopting his written address, told the court that the defence had filed a response to that of the prosecution.

He objected to the submission of the prosecution that the defendant was not tortured.

Citing Section 35(1) of the Evidence Act, Awosika argued that in criminal matters, there are two burdens of proof, noting that “one can change and the other doesn’t change.”

He said that the defendant had put forward facts before the court that substantiate the use of oppression.

The counsel said, “It is for the court to look at the evidence by the defendant that he was handcuffed, beaten and forced to sit on the ground.

“Does that not qualify as evidence of oppression?”

Citing section 29(5) of the Evidence Act, Awosika argued further: “Even from the prosecution’s evidence, the defendant was sitting on the ground and shaking; one cannot make a statement under that condition.”

He urged the court to discountenance the submission of the prosecution.

Responding, the lead state prosecutor, Mr Yusuf Sule, contended that there was no evidence before the court that the defendant was oppressed while making his confessional statement.

Sule said that the defendant told the court that he was beaten before he was brought to the police station.

This, he said, “means it was a mob attack from which he was rescued.”

He noted that the defendant was trying to mislead the court.

Sule urged the court to uphold that the confessional statement of Baba Ijesha was voluntarily made.

Following the adoption of the written addresses, Taiwo ordered a witness summon to be issued for a prosecution witness, Mr Brown Asuquo, mandating him to appear in court at the next adjourned date.

NAN reports that Baba Ijesha faces a six-count charge bordering on indecent treatment of a child, sexual assault, attempted sexual assault by penetration and sexual assault by penetration.

The offences contravened Sections 135, 259, 262, 263 and 262 of the Criminal Law of Lagos State, 2015.

Source link

Continue Reading


Ibrahimovic reveals why he advised Mbappe to leave PSG for Real Madrid



AC Milan striker, Zlatan Ibrahimovic, has revealed why he advised Paris Saint-Germain’s Kylian Mbappe to leave the French Ligue 1 giants for Real Madrid.

Zlatan, a former PSG star, said he urged Mbappe to leave the club because he feels the 22-year-old needs a more structured environment like that of Real Madrid.

Mbappe has been heavily linked with a move to join Real Madrid.

The France international recently rejected talks to extend his contract with PSG.

The forward has only one year left on his current deal with PSG and he is expected to join Real Madrid next summer.

PSG recently rejected Real Madrid’s €220million deadline day bid for Mbappe despite the player’s contract expiring in a year.

When asked if it was true, he advised Mbappé to leave PSG, Zlatan told Corriere della Sera: “It is true.

“Mbappé needs a more structured environment, like that of Real Madrid. But then I told the PSG president not to sell him.”

Ibrahimovic reveals why he advised Mbappe to leave PSG for Real Madrid

Source link

Continue Reading


Copyright © 2020 gistnownow.com, gnn.ng and its related logos symbols and others are registered trademarks of JOKASYL INC.