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Federal Government Approves N407 Billion Fuel Subsidy

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In a press statement on Wednesday, the Minister of Finance Mrs. Kemi Adeosun announced the Federal Government’s approval of a N407.07 billion fuel subsidy to oil marketers.

kemi adeosun

The massive subsidy includes a payment for arrears accrued during the 2014 fiscal year, as well as payments for 2015. In her statement Minister Adeosun explained that the approval was granted after President Muhammadu Buhari issued a directive that the oil marketers be paid immediately in order to end the fuel scarcity within the country.

The fuel scarcity crisis began roughly one month ago and has inflicted severe hardships upon the Nigerian people. The decision to provide the fuel subsidy comes after the World Bank reportedly advised the Buhari Administration to remove the subsidy entirely.  The international financial institution argued that the fuel subsidy provides “modest benefits” to the citizenry, but the costs of the subsidy are “quite high”.

This subsidy comes after increasing criticism of President Buhari’s leadership in Nigeria as many Nigerians face hardship because of the high cost of fuel. President Buhari has sent clear signals to the Nigerian public that he would take a personal interest in reforming the oil and petroleum sector in Nigeria.

Source: SaharaReporters

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Youths are the problems of the youths, Says Nollywood Actor Charles Anwurum

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Youths are the problems of the youths, Says Nollywood Actor Charles Anwurum

Popular Nollywood Actor, Charles Awuru, has expressed that Nigerian youths are the problems youths in the country have.

The comic actor and director made this known in a video that has since gone viral on social media.

Awuru stated that the end SARS protest made him realize that the youths are the problem of the youths.

The actor pointed out that one section of the youths are protesting for a better Nigeria while others are looting and attacking fellow Nigerians.

Here is the video below;

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Ifa priests curse mob who stole Oba’s staff of office in Lagos (Video)

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Ifa priests curse mob who stole Oba's staff of office in Lagos

Local priests in Lagos have invoked spell on hoodlums that attacked the palace of the Oba of Lagos, Riliwan Akiolu.

Information Nigeria recalls that the monarch’s palace was on Wednesday invaded by hoodlums, carting away the king’s personal effects to include shoes, and his staff of office (Opa Ase).

But, in a video that has since gone viral, some ifa priests were seen laying a curse on the attackers of the monarch’s palace

 

The monarch on Friday October 23, gave the men 24-hour to return the staff of office.

Following the expiration of the ultimatum, traditional priests in the state gathered to rain curses on those involved in the looting.

Watch the video below:

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Lewis Hamilton reacts to Nigeria’s #EndSARS protest

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Lewis Hamilton reacts to Nigeria's #EndSARS protest

British racing driver, Lewis Hamilton has reacted to the recent end SARS protest against police brutality that rocked Nigeria.

Hamilton, who made the reaction on Twitter, stated that the recent events in Nigeria are a human rights crisis.

 

In his tweet, the British Formula 1 racer described the recent events in Nigeria as a human rights crisis, as he noted that it is the responsibility of everyone to educate and raise awareness about tragedies happening in the world.

Hamilton, who also shared a photo of himself rocking a black T-shirt with the inscription ‘#EndSARS’ and a map with the colour of the Nigerian flag on it, posted a link for people to sign up to demand an end to impunity for police brutality in Nigeria.

He wrote:

“We all have a responsibility to educate ourselves and raise awareness of the tragedies happening in the world around us and take action where we can. The recent events in Nigeria are a human rights crisis. Hit the link to find out more #EndSARS.”

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