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BREAKING NEWS: : Tinubu, Change Gear On Subsidy Right Away, Fubara Mourns Wigwe, 5 Others

President Tinubu, Change Gear On Subsidy Right Away

I would like to advise President Bola Ahmed Tinubu and his economic advisers he seems to be lending listening ears to that without massive Compressed Natural Gas (CNG) roll-out, within the next two weeks, the subsidy policy will fail. And the CNG will have to be subsidized for the economy to be rejigged.

The now-mainstream thought about the removal of gas subsidies as championed by Western Economists talks of how much will be saved by countries ($10bn for Nigeria), but conveniently forgets how much the country loses in internal trade as living costs rise sharply.

Austerity measures blow away small businesses and obliterate the middle class, leaving out the big corporate class who can survive removal of energy subsidies.

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The problem, though, is that major corporations are always optimized to minimize costs (labour especially) and maximize profits. Their primary goal is not to create more jobs, but to provide the highest possible margins to their shareholders.

Fubara Mourns Wigwe, 5 Others

Rivers State Governor, Sir Siminalayi Fuara has expressed shock over the death of the Access bank CEO, Dr. Herbert Wigwe, his wife Chizoba, son and three others in an helicopter crash in California near the Nevada border, USA.

Fubara described the incident as a monumental loss not just to Rivers State but Nigeria and the world in general.

The Governor, on behalf of his family, the State Government and the people of Rivers State commiserate with the Wigwe family over this unfortunate incident, urging them to be comforted by God’s assurances of His love and outpouring of global sympathy on this deep pain and loss.

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The Governor said “there are no words to convey how terrible these losses are, and the state and indeed Nigeria will miss an unassuming, iconic and accomplished illustrious son of Isiokpo in Ikwerre Local Government Area of Rivers State.

BREAKING: Host nation Ivory Coast wins 2023 AFCON

The Elephants of Ivory Coast, on Sunday, won the 2023 CAF African Cup of Nations final.

The Ivorians saw off the Super Eagles of Nigeria in a tense 2-1 defeat.

Two strikes from Franck Kessie and Sebastien Haller were enough to see off Troost-Ekong’s opener.

SERAP Sues Akpabio, Abbas Over Failure To Clarify Details Of N344bn NASS Budget

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Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Senate President, Godswill Akpabio and th Speaker of House of Representatives, Mr Tajudeen Abbas over the failure to disclose, clarify and explain the details of National Assembly budget of N344.85 billion, and the rationale for several budget items, such as the N6 billion budgeted for two car parks.

Akpabio and Abbas are sued for themselves and on behalf of all members of the National Assembly.

In the suit number FHC/ABJ/CS/178/2024 filed last Friday at the Federal High Court, Abuja, SERAP is seeking an order of mandamus to direct and compel Akpabio and Abbas to disclose, clarify and explain details of the N344.85 billion National Assembly budget in the Appropriation Act 2024.

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