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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.

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.

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

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.

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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Dave Umahi Trends Online After ‘Me I No Hear Phone’ Comment On Live TV [VIDEO]

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Minister of Works, Dave Umahi is trending online over his exchange with Arise TV correspondent, Laila Johnson, during a media session today, May 1, on the construction of the Calabar-Lagos coastal lane.

While Laila asked him a question, Umahi interjected by saying “Sister I was raised in the village, me I no dey hear “phoné,” which simply means phonetics.

Responding to this, Laila told the minister that it’s the way she speaks.

READ ALSO: FG Raises Salaries Of Military, Police, Others

When Umahi asked for interpreters, Laila pushed back by saying that he had enough people around him to make him understand what she was saying.

Shortly after the exchange, Umahi responded to Laila’s question by saying they got all the necessary approval to initiate the project.

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86 Rooms Where Tenants Paid N250,000 A Year Found Under Lagos Bridge [VIDEO]

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Lagos State’s Commissioner for Environment and Water Resources, Tokunbo Wahab, on Wednesday said the government discovered 86 partitioned rooms, sized 10×10 and 12×10, under the Dolphin Estate Bridge, Ikoyi, on Lagos Island.

Tenants are said to be paying N250,000 per annum for the makeshift apartment under the bridge.

Wahab shared this information via a post on X.com on Wednesday, along with videos.

He added that the enforcement team of Lagos State’s Ministry of Environment and Water Resources had successfully removed all structures, including a container utilised for various illegal activities, from beneath the Dolphin Estate bridge.

READ ALSO: Updated: 14-year-old British-Nigerian Boy Killed By Sword-wielding Man In London

Sharing videos he wrote, “A total number of 86 rooms, partitioned into 10×10 and 12×10, and a container used for different illegal activities were discovered under the Dolphin Estate Bridge.

“They have all been removed by the enforcement team of the Lagos State Ministry of the Environment and Water Resources”

A Special Adviser to Governor Babajide Sanwo-Olu, Kunle Rotimi-Akodu, further confirmed the eviction of squatters from beneath the bridge towards Dolphin Estate in Ikoyi over illegal settlement and environmental violations.

Rotimi-Akodu mentioned that 23 individuals were arrested during the eviction, which was carried out by officials of the Lagos State Environmental Sanitation Corps, popularly known as KAI on Tuesday.

READ ALSO: Outrage As Masquerades Brutally Flog Nurse Until She Falls In Gutter In Enugu [PHOTOS]

He wrote, “Squatters dwelling under the bridge leading from inward Dolphin Estate, Ikoyi were evicted today Tuesday, 30th of April, 2024 by officials of the Lagos State Environmental Sanitation Corps LAGESC (aka KAI).

“These people created their illegal settlement under the bridge, thereby exposing the critical infrastructure to impending destruction. 23 persons have so far been arrested and MoE/KAI will continue to monitor the place. The law will take its course.”

He also confirmed that the bridge has hitherto housed 86 rooms, partitioned into 10×10 and 12×10 with squatters paying an average rent of N250,000 per annum.

Continuation of the removal of abode under Dolphin bridge. 11 more persons were arrested. It is important to note that wood materials were used to construct the shelters, some occupants used gas cylinders, and some had stored fuel for their generators, these are recipes for disaster,” he added.

Watch video below courtesy The PUNCH

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Ex-policeman Who filmed Wife Having Wex With Her Superior Found Guilty Of Stalking

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An obsessed former police officer who caught his wife having sex with a married colleague in a car park has narrowly avoided jail after being convicted of stalking.

Gavin Harper, 45, found Stephanie Glynn, 40, and her lover Andrew McLullich, 42, outside the hardware store in Birkenhead, Merseyside, UK on February 16, 2021, after secretly placing a tracker on his wife’s car.

He slowly crept up to the vehicle and used his mobile phone to record the lovers, who were naked from the waist down, before allegedly shouting: ‘I’ve got you on film sh***ing my wife.’

The dad-of-two was found guilty of aggravated stalking, including secretly bugging Ms Glynn’s car, listening to her conservations, tracking her movements and taking her phone without permission.

He was also accused of assaulting Mr McLullich, a Merseyside Police Inspector, but was cleared of injuring the officer at Liverpool Crown Court as he claimed he only struck the policeman in self-defence.

READ ALSO: Drama As Outage Disrupts Power Minister’s Speech At N’Assembly

Prosecutors said it was Harper’s conviction was the end of the campaign of ‘obsessive, intrusive and unwanted behaviour’ against Ms Glynn from December 2020 to February 2021.

Harper and Ms Glynn met as Merseyside Police officers and were in a six-year relationship before they married in 2018 but she left the family home in December 2020 after she grew close to her work mentor Mr McLullich, an acting inspector at the time and formerly her supervising sergeant.

Giving evidence, Harper said he wanted ‘undeniable proof’ of the affair, which he said Ms Glynn had persistently denied.

His intention was to pass the video to police as evidence of two serving officers having an inappropriate relationship during Covid lockdown restrictions, he said.

On Monday, Judge David Potter sentenced Harper to two years in jail, suspended for two years.

READ ALSO: Five Injured As Vehicles Collide In Lagos

The judge told him he would have faced immediate custody but for the significant effect that imprisonment would have had on his elderly parents and youngest son.

Harper’s lawyers told the court that he would lose his security job if jailed and would be unable to make his mortgage payments. His parents, whom he informally cared for, would ‘not be able to cope’ and his son would have to give up his university studies.

Judge Potter told Harper: “I am sure you became obsessed to the point of criminality in stalking Stephanie Glynn to provide evidence of her affair to weaponise that against her for having that affair, and you also became determined to destroy the career of Andrew McCulloch.

“In that obsession the feelings, embarrassment and pain felt by Stephanie Glynn were collateral damage. You were more concerned about your own feelings and a raging sense of injustice.”

He said the events at Screwfix ‘do no credit to any of the people involved’ and the incident was ‘rash, foolish, selfish and unprofessional’.

READ ALSO: Detained Binance Chief’s Wife Drags Nigeria Before US Parliament

Judge Potter went on: “I am sure it has haunted them (Ms Glynn and Mr McLullich) and will continue to haunt them for many years.”

But he said their acts were ‘made worse’ by Harper filming them on his mobile phone.

He said: “It was a further gross example of stalking designed to maximise their humiliation to your advantage. Your conduct was intended to maximise fear or distress.

“You resorted to stalking out of a sense of vengeance for being the victim of an affair. I am sure the distress caused to your victim has been very serious.”

But he added that there was ‘another side’ to the defendant who had no previous convictions, and had suffered mental trauma himself.

Harper had been diagnosed with post-traumatic stress disorder as a result of his Army service in the King’s Regiment and the Royal Military Police – before he joined Merseyside Police in 2001.

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