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Presidency: Time to remove fuel subsidy fully

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Special Adviser to President Goodluck Jonathan on Political Matters, Ahmed Ali Gulak, has said that Nigerians have seen the need for the removal of fuel subsidy.

Gulak said: “It has now dawned on everybody that we cannot continue to sustain this subsidy.”

Gulak stated this in Abuja when he received in audience members of the Initiative for Diaspora Knowledge Transfer (IDKT), led by its Chairman and Global Coordinator, Prince Chidi Ibe, who said the modules developed by IDKT is capable of changing a lot of misconceptions about the President Goodluck Jonathan administration.

Gulak said Ibe has been part of the journey of Jonathan’s presidency since 2010 when the project of Goodluck Jonathan was started and subsequently, Goodluck/Sambo.

He said: “Mr. President is hungry for development,” adding: “That is the more reason Mr. President has always said that it is better for Nigeria as a country to deploy our resources to productive sector, rather than consumption.”

Gulak further said: “Take for instance, in January, Mr. President said we have to do away with this fuel subsidy of a thing and most people did not take it the way we saw it and there was a protest all over the country.”

He said it has now dawned on everybody that the country cannot continue to sustain the subsidy regime, which forces Nigeria to continue to spend over N1 trillion on consumption.

He added that if the country had been deploying the resources to productive sectors such as agriculture “where youths will be employed, like railway system where they will have the cheapest mode of transportation, like our public works, it will be better for this country than subsidizing petrol consumption that will be available to a section of the community.”

Gulak promised to look into the modules earlier presented by Ibe and his team, especially the trade and agricultural aspect, where Ibe spoke about the cluster.

He said he would refer Ibe to the appropriate Ministries, Agencies and Departments (MDAs) to see what the government can tap from Ibe’s knowledge.

Speaking with Saturday Sun, Ibe said his purpose of visiting the Office of the Political Adviser to the President was to tell the government that IDKT has quick-fix projects that the government could adopt to show it is working.

Ibe said: “The modules are things that are also job-creating, job-oriented modules that we have. We want the political office to push it to the administration to come up with quick-fix projects that the people will really appreciate.”

While saying that his initiative was hinged on transformation, Ibe further said: “We believe that you can’t leave everything to government to do. So, we bring our own ideas to support the government so that the government can tap knowledge from what has happened in other economies so that the government will be able to further their own development.”

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3 Comments

3 Comments

  1. Nwali legacy

    September 4, 2012 at 9:14 pm

    Chidi Ibe, may God energize u. we’re solidly behind u.

  2. WANDE

    September 7, 2012 at 7:17 pm

    THOSE WHO ARE AGITATING AND SOLICITING FOR FUEL SUBSIDY REMOVAL ARE THOSE WHO HAS BEEN LOOKING FOR HOW TO CAUSE PROBLEMS TO NIGERIA . IT IS RATHER UNFORTUNATE TO HEAR THAT MANY OF THEM ARE NOT OUT FOR THE PROGRESS OF NIGERIA BUT HOW TO CAUSE TROUBLE AND UNRESTLESSNESS IN NIGERIA . I STAND TO ASK THEM AS A BONAFIDE GRADUATE OF NIGERIA UNIVERSITY THIS NOBLE QUESTION. IF THE OIL SUBSIDY IS REMOVED WHAT IS GOING TO BE THE ECONOMIC CONSEQUENCE OF A LOW INCOME EARNER AND THOSE WHO ARE ON THEIR OWN IN THE COUNTRY??? : secondly WHAT HAS NIGERIA AS A COUNTRY GOT TO OFFER HER CITIZENS INORDER TO KEEP THEM MOVING ??? .. IN THE EVENT OF THE OIL SUBSIDY REMOVAL, WHAT IS THE ALTERNATIVE BENEFITS TO THE
    NIGERIANS… WHAT HAPPENS TO NATIONS INVESTMENT ABROAD ??? HOW MUCH HAVE THEY PLOUGH BACK TO NIGERIAN ECONOMY ???

  3. WANDE BARRY

    September 7, 2012 at 7:31 pm

    THOSE WHO ARE AGITATING AND EMBARKING UPON FUEL SUBSIDY REMOVAL ARE THOSE WHO HAVE BEEN LOOKING FOR AN AVENUE TO FERMENT TROUBLE AND POSSIBLY CAUSE UNRESTLESSNESS IN NIGERIA. IT IS RATHER UNFORTUNATE TO HEAR THAT MANY OF THEM ARE NOT OUT FOR THE PROGRESS OF NIGERIA BUT THE DOWNFALL..PERMIT ME TO ASK THIS QUESTION : IF THE OIL SUBSIDY IS REMOVED , WHAT IS GOING TO BE THE ECONOMIC CONSEQUENCE ON THE LOW INCOME EARNER AND THOSE WHO ARE JOBLESS??? secondly ; WHAT HAS NIGERIA AS A NATION GOT INSTOCK TO OFFER HER CITIZENS.??? IN THE EVENT OF OIL SUBSIDY REMOVAL WHAT IS THE ALTERNATIVE BENEFITS TO THE CITIZENS OF NIGERIA??? WHAT HAPPENS TO THE NATIONS INVESTMENT ABROAD??? HOW MUCH HAVE THEY PLOUGH BACK TO THE ECONOMY??? SORRY FOR ANY ERROR OF OMISSION BEAR IT WITH ME HERE!!! TIME FACTOR!!!

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Metro News

Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff

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 Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff

Ondo on map

Kidnappers on Friday abducted the wife of Olugbenga Ale, Chief of Staff to Ondo State Governor, Rotimi Akeredolu.

According to reports, she was kidnapped around Owena after the Joseph Ayo Babalola University while on her way back to Ondo from Lagos State.

Also Read: Unknown Gunmen Kill Ondo Traditional Ruler, Olufon Of Ifon

The police spokesman in the state, ASP Tee-Leo Ikoro, confirmed the news to Channels Television on Friday.

This development is coming about twenty-four hours after a first-class traditional ruler in Ondo State, the Olufon of Ifon in Ose local government, Oba Isreal Adeusi, was murdered by suspected kidnappers.

 

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Tech News

TECNO Stormed Computer Village with BBNaija’s OZO to Wrap up its Black Friday Sales Activities

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The month of November is always known for its intense sales activities because the best deals of the year come
during the Black Friday Period. For TECNO, Africa Number One mobile brand, it was the time to reward its
customers with massive discounts and various gift items while also unveiling some of its new devices.

The brand in collaboration with SLOT stormed computer village as part of the events to wrap up its black Friday
sale activities, hosted BBNaija’s Ozoemena Chukwu to a hangout at SLOT Ikeja.

Fans and customers had a fun time interacting with the handsome celebrity while enjoying discount offers on
TECNO devices. Different deals and gift items were up for grabs as customers who made purchases at the store
enjoyed 50% discounts on Spark 5, Camon 16 Series and 100% cashback on the Spark 5 Pro.

The major highlight of the event was the presentation prizes to lucky winners. Customers who participated in
the spin the wheel game won gifts items such as Bluetooth Speaker; Power Bank and kettle while those who
participated in the Scratch and Win Promo won for themselves different deals ranging from 50% to 100%
cashback.

TECNO also introduced two latest devices-the Spark GO 2020-powered by Google Android 10 Go Edition and a
TECNO POVA. POVA means ‘Powering Optimal Value and Ambitions’ is a rebrand of the popular battery series
formerly known as Pouvoir was inspired by the zeal to deliver budget-friendly smartphones with superior
gaming experience.

The first of its kind 6.8-inch TECNO POVA, is powered by Mediatek Helio G80 octa-core processor and hyper-
engine game technology that transforms gameplay experience giving ultimate stability and a high refresh rate.
Additionally, users will benefit from the “Game Space,” “Game Mode,” and “Game Assistant 2.0” features,
allowing them to switch to the “do not disturb” function, a much-anticipated experience all gamers will
absolutely enjoy.

The TECNO POVA is also equipped with a power-packed multitasking effect ramped up by 6GB RAM and 128GB
of internal memory. The device also has a 6000mAh super big battery, 18W Dual IC Flash charger, a standby
time of 30 days and the ability to play music for 8 days straight, on just a single charge. It’s the perfect
smartphone offering a way to worry less about low battery.

The new devices are available for purchase this November and for the rest of November, customers will enjoy
amazing discounts, instant and mega prizes on TECNO devices.

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Metro News

BREAKING: Court Jails Rep Member For Lying

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BREAKING: Court Jails Rep Member For Lying

Court

A member of the House of Representatives, Victor Mela has been sentenced to one-month imprisonment by a Magistrate Court in Wuse, Zone 6.

The lawmaker who represents Billiri/Balanga federal constituency was, however, given an option of fine.

Also Read: North Is The Worst Place To Live In Nigeria -Sultan of Sokoto

Recall that on November 10 that a magistrate court found the lawmaker guilty of lying under oath while filling the CD001 INEC form prior to the 2019 elections.

The magistrate had, however, set a different date for sentencing of the lawmaker after his lawyer pleaded for leniency.

Mr Mela swore to an affidavit thrice, denying citizenship of another country whereas he has a British passport.

 

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