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NECA Expresses Worries Over N3trn FEC’s Approval For Subsidy On Petrol

Published

4 years ago

January 31, 2022

The Nigeria Employers Consultative Association, NECA, weekend expressed fears that the N3trillion approved by the Federal Executive Council, FEC, to cover subsidy on Premium Motor Spirit, PMS, commonly known as petrol for 18 months, was neither desirable nor sustainable for the overall resuscitation of the economy.

It will be recalled that the Nigeria National Petroleum Corporation, NNPC, forwarded a proposal of N3 trillion to the Federal Executive Council, FEC, last Wednesday to cover cost of subsidy for 18 months, July 2022 to June 2023, stating that its removal would be suspended.

NECA, which is the umbrella body for all employers in the country, however, contended that for government to effect total removal of subsidy on petrol, it must take urgent steps to address the predicted socio-economic issues which would arise as a result.

Speaking on the N3 trillion Subsidy on petrol for the next 18 months by the Federal Government, NECA said: “The subject of fuel subsidy has become a matter of perpetual recurrence.

“In the recent past, we had opined that the removal of fuel subsidy was due and in the best interest of the country.

‘’However, we were deeply concerned about the timing, in view of the nation’s continued dwindling economy.

“Consequently, we encourage the government to engage relevant stakeholders, given the huge impact the removal would have on household income and spending before its implementation.

“The N3 trillion approved by the Federal Government is a follow-up to the suspension of the planned removal of subsidy in the country.

“It should be noted that following the public outcry on government’s intention to stop the subsidy of PMS, the Federal Executive Council approved the sum of N3 trillion to cover subsidy.

‘’In taking this decision, the government noted that the abrupt removal of subsidy would lead to increased hardship in the population and heightened inflation, especially since the necessary structures that would cushion the effects of subsidy removal on the general populace were not yet in place.

“While the Federal Government has rescinded the implementation plan and rather approached the National Assembly to amend the 2022 budget and make additional provision for subsidy from July to June 2023, it is imperative to note that this is certainly not sustainable in the long term, neither is it desirable for the overall resuscitation of the Nigerian economy.

“As often canvassed by the Organised Private Sector on the growing debt debacle, we call for more collaborative efforts in the form of Public Private Partnership, PPP, in addressing the huge infrastructure deficits, in a very short term and at cheaper rate.

‘’ It is our belief that implementing the PPP initiative in provision of the country’s critical infrastructure, decent and sustainable jobs will be provided and desirable number of people will be lifted from the poverty rank, even before the desired date of 2030.

“More so, with the unpredictable nature of global oil prices and developments in usage of alternative sources of fuel and modern technology, it is more appropriate to hasten the process of diversification of the non-oil economy in expanding the revenue sources away from oil.

‘’It is obvious that revenue from non-oil is more feasible than the oil revenue. This will result in a buoyant and robust economy which will reduce the need for external debt to the barest minimum.

“Exploration of the various natural mineral deposits in the country for processing and exportation should be optimized.

“Going forward, government has to take urgent steps to address the predicted socio-economic issues which would arise if subsidy removal is to see the light of the day.

“Government should address the following urgently to foster total removal of subsidy on petrol rather than injecting trillions of naira from an already bleeding economy.

‘’They include the revival of the four refineries in the country to optimal operating capacity and encouragement of more private sector involvement in refining crude oil, complete deregulation of the downstream sector, and provision of socio-economic relief options to address the anticipated drastic reduction in the citizens’ disposable income and standard of living.”

(VANGUARD)

Headline

UK Introduces Powers To Seize Phones, SIM Cards From Illegal Migrants

Published

1 day ago

January 5, 2026

Editor

The United Kingdom has rolled out expanded enforcement powers allowing authorities to confiscate mobile phones and SIM cards from migrants who enter the country illegally.

The new measures, which do not require an arrest, came into force on Monday at the Manston migrant processing centre in Kent and represent a significant tightening of border controls.

According to the Home Office, the powers are intended to support intelligence-gathering operations aimed at disrupting criminal networks that organise and profit from dangerous Channel crossings.

Officials at the centre are equipped with technology that enables them to extract and analyse data from seized devices, a move the government says will help track and dismantle smuggling rings.

Under the revised rules, migrants are permitted to be asked to remove outer garments if there is suspicion that phones are being concealed.

In certain circumstances, officers may also check mouths for hidden SIM cards or small electronic items.

The National Crime Agency said information recovered from devices could accelerate investigations and improve the effectiveness of action against organised crime groups.

Border Security Minister Alex Norris said the policy was necessary to regain control of the UK’s borders and confront human trafficking operations.

“We are committed to restoring order and tackling the people-smuggling gangs behind this lethal trade,” Norris said.

Headline

PROPHECY: Primate Ayodele Reveals Trump’s Plot Against Tinubu

Published

2 days ago

January 4, 2026

Editor

Primate Ayodele and Tinubu, Tinubu’s rice palliative, Primate Ayodele to Tinubu
Tinubu and Primate Ayodele
The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has warned President Bola Ahmed Tinubu that US President Donald Trump is after removing him from office.

This comes amid the removal of Vanezuelan President Nicolás Maduro by Donald Trump.

Primate Ayodele, in a statement signed Sunday by his media aide, Osho Oluwatosin, made it known that the US President has ‘caged’ Tinubu and his plan is to ultimately see that he is removed from office.

He stated that the support the US is giving Nigeria to fight insecurity isn’t for nothing other than ways to penetrate the government.

“Trump is adamant to remove President Tinubu. America will be part of those who will be against Tinubu. You may not see it as I am being shown, and that’s why I am saying Trump is after removing Tinubu, that’s it and nothing more.”

The cleric made it known that, despite US’ help, Nigeria will continue to fight insecurity, but the ulterior motive of the US President isn’t about ending insecurity in the country.

“Nigeria will still continue to fight insecurity, but either they fight it or not, Trump is focused on removing Tinubu from office, but he doesn’t know it yet. He isn’t after ending insecurity in the country, he knows what he wants and won’t stop at nothing towards achieving it.”

He urged the president to take a bold political step to overcome the plans of the US president; otherwise, he will end up succeeding with his plans.

“Tinubu must take a very bold step to overcome the plans of Trump, because he has caged him already. Tinubu must not relent his efforts and bring up strategies for him to succeed otherwise, he would be at the losing end while his defeat would be celebrated,” he added.

Headline

JAPA: Top Six Countries To Obtain Easiest Citizenship

Published

1 week ago

December 30, 2025

Editor

As a Nigerian considering relocation plans, interest in countries with clear and less complicated citizenship pathways is a smart way to not just guarantee greener pastures, but also provide you with the opportunity to feel more at home in a foreign land. While some of the programmes are ancestry-based, others allow Nigerians with such a link to try other means.

Contents
1. Dominica
2. Ireland
3. Turkey
4. Portugal
5. Vanuatu
6. Italy
Though rules vary widely across borders, some nations stand out for offering citizenship through investment or family ties with fewer hurdles and faster processing timelines.

Below are the top six countries with the easiest citizenship:

1. Dominica
Dominica operates a citizenship-by-investment programme that allows applicants to qualify through a contribution to the government’s Economic Diversification Fund or by investing in approved real estate. Processing typically takes a few months. Citizens enjoy visa-free or visa-on-arrival access to over 140 countries, including the Schengen Zone. There is no residency requirement, and dual citizenship is permitted.

2. Ireland
Ireland provides a clear citizenship pathway for individuals with Irish ancestry. Those with an Irish-born parent qualify automatically, while people with an Irish-born grandparent can apply through the Foreign Births Register. An Irish passport grants full European Union rights, including freedom of movement across EU countries. Dual citizenship is allowed, and there is no language requirement for applicants applying by descent.

3. Turkey
Turkey offers a fast-track citizenship option through investment. Foreign nationals who purchase qualifying real estate valued at a minimum of $400,000 can obtain citizenship within a few months. The programme does not require residency or renunciation of an existing nationality. Turkish passport holders have visa-free or visa-on-arrival access to several countries, with ongoing efforts to expand travel agreements.

4. Portugal
Portugal’s Golden Visa programme provides a residency-to-citizenship route for foreign investors. After five years of legal residence and meeting programme conditions, applicants may apply for citizenship. Approved investment options include venture capital funds and other qualifying assets. Successful applicants gain an EU passport, access to the Schengen Area, and dual citizenship, subject to passing a basic Portuguese language test.

5. Vanuatu
Vanuatu runs one of the world’s fastest citizenship programmes. Through its Development Support Programme, eligible applicants can receive citizenship in as little as two months after making the required financial contribution. The country offers visa-free access to over 100 destinations and has no tax on global income or capital gains. Residency requirements are minimal.

6. Italy
Italy grants citizenship by descent to individuals with an Italian parent or grandparent, following a 2025 legal update that tightened eligibility rules. Applicants must provide official documents proving a direct family link to an Italian ancestor. Italian citizenship comes with full EU rights, wide visa-free travel, and the ability to pass citizenship to future generations. Dual nationality is allowed, and no language test is required for descent-based applications.
(Tribune)