HighlightTop StoryTrending Story

PBAT directs NEC to kick-start subsidy removal interventions process

331

President Bola Ahmed Tinubu has directed the National Economic Council (NEC) led by Vice President Kashim Shettima to kickstart the process of working on interventions to ameliorate the impact of subsidy removal on the people.

Governor of Ogun State, Dapo Abiodun, made the disclosure after leading some major oil marketers on a courtesy call on the president at the Villa on Wednesday.

According to him, the marketers were in the presidential villa to express solidarity with the president for his bold decision to end subsidy payment.

Click HERE to watch video

Tinubu’s action, he said, shows his determination and courage to remove the hemorrhage that had bedeviled the country for decades.

Abiodun admitted that while there would be some discomfort on the part of the people, but the move would eventually pay off noting that there can be no gains without pain.

The marketers announced their intention to donate 50 to 100 50-seater mass transit (at the cost of about N10 billion) CNG (Compressed Natural Gas) buses as a way to support the initiative to succeed, calling on other well-meaning corporate bodies can do the same.

Details later…

Leave a comment

Related Articles

Gunners’ Title Dreams Dented as West Ham Secure Hard-Fought 1-0 Victory

Arsenal’s Premier League title aspirations suffered a significant setback after a 1-0...

Breaking: Osun Council Polls: PDP Secures Landslide Victory, Clinches All Chairmanship, Councillorship Seats

The People’s Democratic Party (PDP) has won all the chairmanship and councillorship...

Breaking: Osun council poll: Police disrupt exercise, seal off OSSIEC

The Chairman of the Osun State Independent Electoral Commission, Mr. Hashim Abioye,...

Just in: Gov. Adeleke casts his vote as Osun LG poll kicks off

Amidst controversy and opposition from some quarters, Osun State Governor Ademola Adeleke...

Nigeria’s Power Minister Leads Delegation to Japan for Energy Collaboration Talks

By Joycelyn Ellakeche Adah The Minister of Power, Dr. Adebayo Adelabu along...

Police defy court order, call for suspension of Feb. 22 Osun council polls

In spite of a court order directing the conduct of council polls...

31 new states’ requests fall short of constitutional requirements – Deputy Speaker Kalu

Amidst the ongoing debate on the requests for creation of 31 new...

Just in: Court orders OSSIEC to conduct Osun LG Polls

Justice Adeyinka Aderibigbe of the Osun State High Court has ruled that...

Just in: Court orders final forfeiture of $4.7m, N830m, properties linked to Emefiele

In a significant ruling, Justice Yellim Bogoro of the Federal High Court...

Gov. Adeleke stands firm, vows to conduct council polls despite AGF’s objections

Despite a directive from Attorney-General of the Federation (AGF) and Minister of...

Just in: Some parts of Abuja to experience 7-hour power outage – TCN

Abuja’s prolonged power outage persists, with the Transmission Company of Nigeria (TCN)...

ECOWAS, UN Joint Mission to Support Peace Efforts in Guinea Bissau

A joint mission of ECOWAS and the UN Office for West Africa...

Afenifere slams IBB’s belated admission on Abiola’s June 12, 1993 election victory as hollow, too little, too late

Unimpressed by ex-Head of State Ibrahim Babangida’s admission that the late Chief...

NFF Suspends Two Referees Over Controversial Penalty Decision

The Nigeria Football Federation (NFF) has suspended two referees, Ayeni Ridwan Olatunji...

Nigeria’s oil rig count to hit 50 in March to achieve 2 million bpd target, says NUPRC Boss Komolafe

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the country’s...

Tinubu hails IBB’s courage, patriotism for acknowledging Abiola’s 1993 election win

President Bola Tinubu has lauded what he called former military Head of...

VP Shettima Unveils Ambitious ‘Nutrition 774 Initiative’ to Combat Malnutrition in 774 Council Areas

Nigeria’s Vice President, Sen. Kashim Shettima, has urged state governors, ministers, local...

Fire at Cawthorne Channel 1 Barges: NNPCL Emergency Team Swiftly Contains Outbreak, No Casualties

A swift response by the Nigerian National Petroleum Company Limited (NNPCL) emergency...

NFF Sets Deadlines for Federation Cup Finals, CAF C-Licence Course

The Nigeria Football Federation (NFF) has issued a firm directive requesting all...

Nigeria’s Central Bank Holds Interest Rate Steady at 27.50%

The Central Bank of Nigeria (CBN) has decided to hold all parameters...