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

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.
READ ALSO: Why Buhari Suspended Removal Of Fuel Subsidy – Presidency
“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“While the Federal Government has rescinded the implementation plan and rather approached the National Assembly to amend the 2022 budget and make additional provision for subsidy from July to June 2023,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.
READ ALSO: Fuel Subsidy Removal: Cleric Issues Warning To Buhari
“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
Strait Of Hormuz: Pakistan Thanks Trump For Pausing ‘Project Freedom’
Pakistani Prime Minister Shehbaz Sharif on Wednesday expressed gratitude to United States President Donald Trump for temporarily pausing ‘Project Freedom’, an initiative to secure shipping through the Strait of Hormuz.
In a statement posted on X, Sharif thanked Trump for pausing the “Project Freedom” mission, praising him for his courageous leadership and timely announcement.
According to him, Trump’s decision was made in response to requests from Pakistan, Saudi Arabia and other brotherly countries.
READ ALSO: Oil Prices Drop After Iran Reopens Strait Of Hormuz
He added that the pause would go a long way towards advancing regional peace, stability and reconciliation during the sensitive period.
“Pakistan remains firmly committed to supporting all efforts that promote restraint and a peaceful resolution of conflicts through dialogue and diplomacy.
“We are very hopeful that the current momentum will lead to a lasting agreement that secures durable peace and stability for the region and beyond,” Sharif said.
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FG Summons S. African Envoy Over Rising Xenophobic Attacks On Nigerians
The Federal Government has summoned the Acting High Commissioner of South Africa in Abuja over renewed concerns about xenophobic attacks and protests targeting foreign nationals, including Nigerians, living in that country.
The Ministry of Foreign Affairs said the envoy is expected at its headquarters on Monday, May 4, 2026, for a high-level engagement aimed at addressing the growing tension and safeguarding bilateral relations between both countries.
In a statement issued on Sunday, the spokesperson for the Ministry, Kimiebi Ebienfa, said Nigeria would formally express its “profound concern” over recent developments in South Africa, particularly reports of harassment, violence, and destruction of property belonging to foreign nationals.
According to the ministry, the meeting will focus on ongoing demonstrations by various groups in South Africa and documented cases of attacks on Nigerians and their businesses in parts of the country.
READ ALSO:Group Condemns Tunisian Xenophobic, Racial Attacks On African Migrants
“The objective of this engagement is to formally convey the Nigerian Government’s profound concern regarding recent events that have the potential to impact the established cordial relations between Nigeria and South Africa,” the statement read.
It added that discussions would also address ongoing demonstrations by various groups within South Africa and documented instances of mistreatment of Nigerian citizens and attacks on their businesses.
The ministry acknowledged growing anger among Nigerians over reports of xenophobic violence but urged restraint, stressing that diplomatic engagement remained the preferred channel for resolution.
It assured Nigerians that the Federal Government was actively engaging South African authorities to ensure the protection of its citizens abroad.
READ ALSO:US Visa Adjudication Sparks Concerns Over Diplomatic Relations
“The Ministry is aware of the growing discontent among Nigerians concerning the treatment of their nationals in South Africa. Nevertheless, it implores the Nigerian public to remain calm and reiterates the Federal Government’s commitment to protecting the rights and well-being of Nigerian citizens residing in South Africa,” the statement added.
The latest diplomatic move comes amid renewed reports of xenophobic tensions in parts of South Africa, where foreign-owned businesses have occasionally been targeted during protests linked to unemployment and economic hardship.
South Africa has a history of xenophobic violence dating back to 2008, with subsequent flare-ups in 2015 and 2019, when mobs attacked migrants, looted shops, and displaced thousands of foreign nationals across several provinces.
In past incidents, Nigerians and other African nationals were among those affected, prompting strong diplomatic reactions from Abuja and calls for stronger protection of foreign communities.
While South African authorities have repeatedly condemned such attacks and deployed security forces to restore order during outbreaks of violence, concerns have persisted over recurring hostility in some communities.
Headline
Mississippi Man ‘Kills Mother, Flushes Her Remains Down Toilet’
A 29-year-old Mississippi man, Zachary Lavel Jackson Jr., has been charged with multiple offences, including first-degree murder, over the death of his mother, Lana Brown Bradley, after deputies responded to her Natchez home on April 4 following a missing person report from relatives.
The Adams County Sheriff’s Office said deputies were called to Bradley’s residence after her oldest son was unable to reach her the previous day.
Jackson was initially identified as a family member before investigators confirmed he was her son.
Sheriff Travis Patten described the case as deeply disturbing.“This is by far the most heinous crime that I’ve ever witnessed in my entire life. We weren’t out there that day; this was one of those things when we walked up.
READ ALSO:Bandits Kill Nine, Injure Eight In Fresh Attack On Zamfara Village
“This was one of those cases that you will never, ever forget in your life. This is the type of case that follows you home,” Patten told WJTV.
According to the sheriff, deputies noticed signs of a recent cleanup when they arrived at the home.
“As soon as they walked in the house, they could just see where somebody had been cleaning up, and they could smell chemicals all throughout the house.
“Floor was extremely slippery. And the older son said that this is just unusual for the youngest son to be cleaning up the house like that,” Patten explained.
READ ALSO:US Comedian Reggie Carroll Shot Dead In Mississippi
Jackson, the youngest son, was found in a bathroom, where deputies allegedly made a discovery that became central to the investigation.
“I can say what was in the toilet, and it was her flesh. He chopped her up in pieces and dismembered her in a way that whoever came looking for her would have to do their due diligence to find her, and that’s just what we did,” the sheriff said.
Authorities said Jackson allegedly placed parts of his mother’s body in a suitcase and attempted to dispose of other remains.
Jackson faces charges of first-degree murder, second-degree murder, mayhem and tampering with evidence.
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Investigators said Bradley, a retired teacher, had recently sought to evict her son from the home. Patten, citing family interviews, said Jackson was believed to be mentally unstable but also noted that his actions appeared deliberate.
“He had threatened her the day before because she was looking to have him evicted from the home.
“She was in the process of doing so and had just gone to court the day before to have him removed from the home,” Patten explained.
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