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FG Suspends Planned Petrol Subsidy Removal

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The Federal Government has suspended the planned petrol subsidy removal till further notice.

The Minister of Finance, Budget and National Planning, Zainab Ahmed disclosed this during a meeting held at the National Assembly in Abuja on Monday.

Recall that report had it earlier that the Minister of State for Petroleum, Timipre Sylva, said the President, Major General Muhammadu Buhari (retd.), is not in support of the removal of subsidy from Premium Motor Spirit, popularly known as petrol.

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Sylva said this when he appeared on Channels Television’s Newsnight programme.

I will tell you categorically that at this moment, the complete removal of subsidy is not on our plate at all,” said Sylva.

“The President of the Federal Republic of Nigeria is not in support of removing subsidy at this time,” he added.

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The Minister stated that part of the reason why the Federal Government is not thinking about removing fuel subsidy is because of the impact it will have on Nigerians.

READ ALSO: Buhari Not In Support Of Fuel Subsidy Removal – Minister

He said, “Of course, we all know that it is a desirable policy direction. Of course, we know that it will have some impacts on the people and that is why we are trying to work out some of those things.

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“Until those details are worked out properly with (the organised) labour, and with all the stakeholders in the sector, we will not remove the subsidy. At this moment, it is not on our plate, I can tell you that.

“This is something that needs to be worked out between the Federal Government and the states because this is a federation issue. We are working with the governors to see how we can continue with this policy direction of subsidising fuel for the foreseeable future.”

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12 Die, 30 Missing In Peru Landslide

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At least 12 people, including three children, died in a landslide at a river port in central Peru on Monday, and 30 were reported missing, officials said.

The landslide submerged a boat with about 50 passengers on board, and another with none, as they were docked at the port of Iparia in the Amazon jungle region of Ucayali, according to a police report cited by the Andina news agency.

Six people were injured, it added, and a search and rescue operation was underway at the start of the Peruvian rainy season.

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READ ALSO:FULL LIST: APC Sweeps Rivers Elections, Wins 20 Of 23 LGAs

Without giving a toll, Peru’s COEN national emergency operations centre said on X that tragedy struck at dawn due to “erosion” of the bank of the Ucayali river.

It said the navy has been called in to help.

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Nigeria Grants Asylum To Guinea-Bissau Opposition Candidate

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The Nigerian embassy in Guinea-Bissau has granted asylum to Fernando Dias da Costa, the country’s opposition presidential candidate, following alleged threats to his life after last week’s military coup, The Cable Reports.

The coup was announced by military officers on Wednesday, just days after Guinea-Bissau’s presidential election in which both incumbent President Umaro Embaló and his main challenger, da Costa, claimed victory before official results were released.

Nigeria condemned the takeover and urged an immediate return to constitutional order.

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In a letter to the President of the Economic Community of West African States Commission, Omar Touray, dated November 30, the Foreign Affairs Minister, Yusuf Tuggar, said President Bola Tinubu had approved asylum and protection for da Costa inside the Nigerian embassy in Bissau.

READ ALSO:Guinea-Bissau Military Takeover Is ‘Ceremonial Coup’ – Jonathan

Tuggar wrote that the decision was made “in response to threats made against da Costa’s life.”

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“In this regard, it would be appreciated if you would kindly mandate the ECOWAS Stabilisation Support Mission in Guinea-Bissau to provide him protection and security while in the premises of the Nigerian embassy,” the letter stated.

The foreign affairs minister’s Special Assistant on Media and Communications Strategy, Alkasim Abdulkadir, confirmed the letter’s authenticity to The Cable on Monday.

He said, “The decision of the Federal Government of Nigeria to grant asylum and provide protection to Fernando Dia Da Costa falls squarely within Nigeria’s sovereign responsibility and longstanding commitment to regional peace, stability, and democratic governance.”

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READ ALSO:Guinea-Bissau Coup: FG Gives Update On Ex-President Jonathan

He added that Nigeria acted “in the broader interest of de-escalation,” saying the government had exercised its discretion “to prevent further deterioration of tensions and to promote social cohesion in Guinea-Bissau and the wider West African sub-region.”

According to Abdulkadir, the intervention aligns with ECOWAS principles and reflects Nigeria’s role as a stabilising force in West Africa.

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Following the coup, ECOWAS held an emergency virtual summit of heads of state and subsequently suspended Guinea-Bissau from the regional bloc until constitutional order is restored.

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Trump To Attend FIFA World Cup Finals Draw On Friday

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The White House on Monday confirmed US President Donald Trump would attend the draw for the FIFA World Cup finals in Washington later this week.

The United States will co-host the 2026 tournament alongside Canada and Mexico.

On Friday, President Trump will attend the FIFA World Cup final draw at the Kennedy Centre,” White House Press Secretary Karoline Leavitt told reporters.

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READ ALSO:Trump Unveils Fast-track Visas For World Cup Ticket Holders

Trump has made the World Cup a centrepiece event of both his second presidency and the 250th anniversary of US independence next year.

But the giant sporting extravaganza has not escaped the political turmoil caused by Trump’s hardline stance on a host of issues.

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Trump, a Republican, has raised the possibility of moving games from some US host cities amid a crackdown on what he says is crime and illegal migration in some Democratic-run areas.

AFP

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