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Fuel Subsidy Removal: Labour Leaders React To Tinubu’s Inaugural Speech

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Some stakeholders in the oil and gas industry have commended President Bola Tinubu’s pronouncement on removal of fuel subsidy.

They made the commendations in seperate interviews with the News Agency of Nigeria (NAN), in Lagos on Monday after Tinubu’s inaugural speech as Nigeria’s President.

Mr Mike Osatuyi, the National Operations Controller, lndependent Petroleum Marketers Association of Nigeria (IPMAN), said that the removal was a welcome development geared toward revamping the downstream sector of oil and gas industry.

Osatuyi said that Tinubu had promised to remove fuel subsidy right from the first day of his campaign.

NAN reports that the president during his inaugural address, promised to end fuel subsidy, insisting that no budgetary allocation was made in the 2023 budget.

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READ ALSO: Subsidy Is Gone – Tinubu Declares

Tinubu promised to focus subsidy funds on infrastructural projects, education and healthcare.

According to Osatuyi, the pronouncement is part of his campaign promises.

He said that Tinubu during his campaign had said that from day one of his administration that he would remove fuel subsidy.

“The money used on subsidy will be diverted to develop other sector.

“That means Tinubu has begun to fulfill his campaign promises,” he said.

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The IPMAN boss said that the removal would bring about competition among players and also address the issue of monopoly.

Osatuyi said that the subsidy removal would lead to market liberalisation, availability of product and check excesses of middlemen.

He, however, said that there would be increase in price of petroleum but added that there would be competition.

Osatuyi noted that the money saved from subsidy removal would be used to boost the economy and the well-being of Nigerians.

“I commend his effort and laud the courage for taking the bull by the horn.

READ ALSO: Subsidy: Nigeria Spends N50bn Daily To Service The Rich

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Also, Mr Tunji Oyebanji, Managing Director, 11 Plc, said that the pronouncement was a timely decision for the country.

Oyebanji, however, said it was not clear if the removal of fuel subsidy was with immediate effect.

Scarce resources will be channelled to productive sectors of the economy.

“Borrowing levels will reduce significantly. It may possibly lead to the strengthen of the Naira,” he said.

Mr Obafemi Olawore, former Executive Secretary of the Major Oil Marketers Association of Nigeria

(MOMAN), who supported the subsidy removal, said there was need for the nation to move toward full deregulation.

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However, as a new admintration, it must be done in phases; over six to 12 months to give room for consultation and engagement so as to make it bearable and less painful.”

READ ALSO: Fuel Subsidy: ‘Suspend Disbursement Of $800m Loan To FG’, SERAP Tells World Bank

Mr Joe Nwakwue, an oil and gas consultant and a former Chairman, SPE Nigerian Council, said that President Tinubu was right when he said that petroleum subsidies are no longer sustainable.

Nwakwue said that considering the pain and social implications of removal, it would be irresponsible for any government to just yank it off without a plan.

“A multi-month plan that addresses key fuel market issues/challenges and measures to alleviate the pain needs to be crafted, adopted and rolled out.

“A knee jerk removal would be painful to the consuming public and potentially catastrophic to the economy,” he said.

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Soludo Admits Refusing To Construct Road Due To Political Affiliation

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The Anambra State Governor, Prof. Chukwuma Soludo, has said he initially declined to construct a road in Okpoko community in Ogbaru Local Government Area of the state because the House of Representatives member representing the area, Noble Igwe, was in the opposition party.

Soludo said that when the house member complained about the poor state of the road, known as Nwokedi Street, to him, he dismissed his complaints because he was in opposition.

The governor stated this while inaugurating 12 km of roads in the Okpoko area on Monday.

READ ALSO: DHQ Vows Decisive Response To Killers Of Soldiers In Delta

He said, “I rejected the advice to develop Nwokedi Street because the House member representing the area was formerly in the opposition. As of the time he brought the poor state of the road to my attention and advised it should be repaired, he was in the opposition then, and I did not listen to him.

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“But one day, I was taking a walk, one guy showed me a road which the honourable member representing Ogbaru constituency 1, Noble Chukwunoso Igwe, had spoken to me about and because he was an opposition, I could not do any thing on the road then.

“Today, Noble Igwe is in our party, and he is a mainstream member, so we have listened to him. When he was in the opposition, he was in the parlour talking but his voice could not be heard, but today, he is not only a mainstream member of our party, but he is right in the bedroom talking with us. You cannot be outside and be talking, you have to come inside the bedroom so that we can listen to you.”

READ ALSO: PHOTOS: Ganduje Presents Idahosa As Edo Deputy Governorship Candidate

Soludo urged the people to support his government.

He said he is in governance because of places like Okpoko, noting that he will rebuild Okpoko and give the people a sense of belonging.

“Even if there is no money in Anambra, we wouldn’t mind using all the money in Anambra to develop Okpoko. Okpoko must be rebuilt. One of the reasons I became a governor was to give Okpoko identity,” he added.

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DHQ Vows Decisive Response To Killers Of Soldiers In Delta

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The Defence Headquarters on Monday vowed that there would be measured responses and injurious consequences for killers of its personnel in Delta State.

No fewer than 15 military personnel were killed during a communal clash over a land dispute in Bomadi and Okuoma communities in Delta State.

The personnel attached to the 181 Amphibious Battalion were responding to a distress call when they were ambushed and killed on Thursday.

The DHQ, in a statement by the Director, Defence Media Operations, Maj. Gen. Buba Edward, stated that its rule of engagement and human rights laws would be respected while dealing with the culprits.

READ ALSO: Pastor Preaching With AK-47 Seeks Judicial Review Of Trial

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The statement partly read, “The senseless and barbaric killings of these men is a tragedy. They were killed in a dehumanised and unspeakable manner. Accordingly, on behalf of the CDS, Gen CG Musa, the armed forces mourn the loss of these gallant troops who paid the supreme sacrifice for the nation. We console their families, colleagues, and loved ones over the tragic incident. They have died trying to restore peace in the nation.

“It is necessary to reiterate that both the Constitution and the Armed Forces Act saddled the military with the responsibility of the protection of sovereignty and territorial integrity of our nation. Accordingly, the armed forces consist of citizens from every nook and cranny of the nation that have taken an oath of allegiance to put themselves in harm’s way to defend our great country.

“The military assures all that there would be measured responses and injurious consequences for the perpetrators of these dastardly acts. Nevertheless, the armed forces being a disciplined force that complies with rules of engagement, laws of armed conflict, and respect for human rights would be tempered by these provisions. We would not be led by emotions but by the rule of law.”

Buba also denied reports of reprisal attacks by troops in the community after the incident.

READ ALSO: How Tinubu, Akande, Osoba Missed Opportunity To Rewrite 1999 Constitution – Adebanjo

According to him, the community had been deserted before the arrival of the troops on the scene.

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Buba urged those dishing out false information on the incident to stop disrespecting the dead.

He called on the community to assist the military in arresting the perpetrators of the heinous crime.

Buba said, “It is against this background that the military debunks all claims that the military embarked on reprisal attacks in Okuama Community after the incident. The community was deserted even before troops arrived at the scene.

“Importantly, those involved in peddling this misinformation, disinformation, and fake news that the military had embarked on reprisal attacks on the community following the incident should desist from further dishonouring our fallen heroes.

READ ALSO: Only Seven Banks Can Meet CBN Recapitalisation Requirements – Report

“Rather, it behooves the community leaders, elders, and even the people of Delta State to assist in the investigation to identify the perpetrators of the dastardly act so that they can be held accountable for their actions.

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“Furthermore, it must be noted that the dispute between Okuama and Okoloba communities remains unresolved. It, therefore, implies that there could be untoward activities not initiated by the military.”

Buba, however, urged Nigerians to resist the temptation of sharing the gory videos of how the soldiers were killed.

“We urge the public to resist the temptation of allowing any videos of the incident of the killed personnel from going viral. Their loved ones are still alive, even though they have died protecting our country and its citizens.

“It would be dishonoured to the fallen heroes to allow such ugly videos of their demise go viral. Above all, as the military mourns, it remains ever determined to ensure the safety and security of citizens across the country,” he said.

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JUST IN: Tinubu Appoints Chairman, Executive Secretary For Almajiri Commission

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President Bola Tinubu has made adjustments to earlier appointments he approved at the National Commission for Almajiri and Out-of-School Children Education.

Brigadier-General Lawal Isa (retd.), whom he appointed Executive Secretary on March 15, will now serve as chairman of the commission.

Dr. Idris Sani will now serve as its executive secretary/CEO.

The President’s Special Adviser on Media and Publicity, Ajuri Ngelale, revealed this in a statement he signed Monday evening titled ‘President Tinubu appoints new Almajiri Education Commission leadership team.’

READ ALSO: PHOTOS: Ganduje Presents Idahosa As Edo Deputy Governorship Candidate

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“Brigadier-General Lawal Ja’afar Isa (Rtd) is now to serve as the Chairman of the Board of the Commission, while Dr. Idris Sani is to serve as the Executive Secretary/CEO,” the statement read.

Sani replaces Sha’aban Sharada, who served as the commission’s pioneer leader since its creation in May 2023.

On May 28, 2023, former President Muhammadu Buhari assented to the National Commission for Almajiri and Out of School Children Education Bill 2023 and appointed Sharada, the outgoing Member of the House of Representatives for Kano Municipal, as Executive Secretary.

A former military administrator of Kaduna State from 1993 to 1996, Ngelale described Isa as a respected leader.

READ ALSO: Army Recovers Mutilated Corpses Of Officers In Delta

Meanwhile, Sani holds master’s and doctorate degrees in Islamic Studies.

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He was the Director-General, Al-Iman School Lafia; Commissioner, Basic/Secondary Education, Yobe State; Chairman, Nigerian Arabic Language Village, Borno State; Member, Nasarawa State Government Committee on Enlightenment Campaign, and Secretary-General, Association of Private Schools in Nasarawa State.

The President expects that the new appointees will “bring their vast experience into the management of this critical Commission, which impacts the very core of society, by ensuring that his administration’s drive to guarantee Nigeria’s out-of-school children the most comprehensive education is realized in the superseding interest of the nation’s future,” said Ngelale.

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