Entertainment

Fuel Subsidy Removal Wasteful If Importation Persists – Expert

Published

1 year ago

March 30, 2023

Editor

Martin Onovo, a petroleum engineer and the National Conscience Party presidential candidate during the 2015 election, said that fuel subsidy removal is wasteful if the importation of Premium Motor Spirit, PMS, persists in Nigeria.

Onovo disclosed this on Thursday during an interview on Channels Television monitored by DAILY POST.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, said the Federal Government would remove fuel subsidies before June.

But, Onovo has insisted that the country is about to go into another circle of waste.

He explained that the Nigerian government has embarked on fuel subsidy removal at least 20 times in the last 40 years with no economic benefit to the country.

He said subsidy removal would further shut down inflation, leading to Naira devaluation, a precursor for another subsidy.

He stressed that Nigeria must stop the importation of fuel products by revigorating its local refinery capacity.

“Nigeria has no reason to import petroleum or domestically refined petroleum products. A subsidy is mainly for imported products; let me tell you, do not justify the subsidy removal error because there is a mob mentality now; the majority want to move in that direction. It is the wrong direction; Nigeria has done it over 20 times in the last 40 years, the last one was in 2016, and Nigerians celebrated. Let me explain that once the subsidy is removed today, inflation and devaluation follow, and you will now need another subsidy. As long as we are still importing, the fuel subsidy removal is wasteful”, he said

Entertainment

AMVCA 2024: Kehinde Bankole Wins Best Lead Actress Award[VIDEO]

Published

2 days ago

May 11, 2024

Editor

Kehinde Bankole has emerged as the Best Lead Actress at the ongoing 2024 Africa Magic Viewers Choice Awards (AMVCA).

Bankole’s win came off her lead role in the movie ‘ADIRE’.

Other contestants in the category include: Segilola Ogidan (Over the Bridge), Lucie Debay (Omen)

Omowunmi Dada (Asiri Ade), Ireti Doyle (The Origin: Madam Koi Koi), Adaobi L. Dibor (Blood Vessel)

Evelyne Ily (Mami Wata) and Funke Akindele (A Tribe Called Judah).

In the male category, Wale Ojo emerged Best Male lead actor for his role in the movie ‘Breath of Life’.

Ojo edged Stan Nze (Afamefuna), Marc Zinga (Omen), Gideon Okeke (Egun), David Ezekiel (Blood Vessel), Richard Mofe Damijo (The Black Book), Adedimeji Lateef (Jagun Jagun – The Warrior) and Gabriel Afolayan (This is Lagos) to win the award.

Kehinde bankole won the Best lead actress with the movie Adire and o really really love her🥹🥵😍#AMVCA10
Check the thread for something soft 🥹 pic.twitter.com/DQZhE8zvnu
— Oyindamola🙄 (@dammiedammie35) May 11, 2024

Entertainment

VIDEO: See Winner Of Best Content Creator At AMVCA

Published

2 days ago

May 11, 2024

Editor

Comedian Isaac Ayomide Olayiwola popularly known as Layi Wasabi has won the Best Digital Content Creator at the ongoing 2024 Africa Magic Viewers Choice Awards (AMVCA).

Layi’s content on Medical Negligence saw him nick the award.

Layi mounted the stage, and in his usual hilarious style, entertained the audience at the event while delivering his speech in appreciation of the award.

“Thank you, MultiChoice, for granting me this award among multiple contestants,” he said.

The Best Digital Content category shines a spotlight on the flourishing world of online entertainment, showcasing the talents of creators who have captivated audiences through their entertaining, exciting, and creative content.

Other nominees in this list include “National Treasure” by Adebola Adeyela (Lizzy Jay); “Hello Neighbour” by Elozonam Ogbolu, Lina Idoko, and Jemima Osunde; and “The Boyfriend” by Maryam Apaokagi-Greene

Layi wasabi won the best content creator and he still dey crack joke for stage effortlessly😭😂🔥 #AMVCA10 pic.twitter.com/rGD1kvcl13
— Oyindamola🙄 (@dammiedammie35) May 11, 2024

Entertainment

AMVCA: Jagun Jagun Wins ‘Best Costume Design’ As Mami Wata Grabs ‘Best Makeup’

Published

2 days ago

May 11, 2024

Editor

The 10th edition of Africa Magic Viewers Choice Awards (AMVCA) kicked off on Saturday night with Femi Adebayo’s Jagun Jagun clinching the Best Costume Design title.

Similarly, Campbell Precious Arebamen of ‘Mami Wata’ movie crew won the ‘Best Make Up’ category award.

The make-up artiste defeated Francesca Otaigbe, Hadizat Gambo of Mojiisola movie, Hakeem Onilogbo of Jagun Jagun, and Feyisayo Oyebisi of A Tribe Called Judah.

The award is the first in the series presented by popular TV anchor Ebuka Obi-Uchendu, and Kehinde Bankole.

Speaking to the media, Campbell Precious Arebamen said she was so elated and thanked her director for helping her. She noted that this was her second award at the AMVCA.