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Fuel Price: Subsidy Removal Now Looking Like A Scam – CUPP Slams Tinubu Govt

The Coalition of United Political Parties (CUPP) has reacted to the new increase in price of petrol.
CUPP while slamming President Bola Tinubu‘s government, said the subsidy removal is now looking like a scam.
The price of petrol shot up from N540 to N617 per litre on Tuesday following an announcement by the federal government through the Nigerian National Petroleum Company (NNPC) Limited.
The NNPCL Group Chief Executive Officer, Mele Kyari, in a subsequent statement, attributed the recent rise in petrol pump prices to market forces.
Kyari offered this explanation shortly after a meeting with Vice President Kashim Shettima at the Aso Villa.
Reacting, however, to the hardship brought upon Nigerians as a result of the latest development, CUPP said fuel subsidy removal by President Tinubu’s administration is now looking like a scam to the citizens.
CUPP criticized the ‘crazy and unending fuel price hikes’ which, according to it is driving inflation to the rooftops and making life increasingly unbearable for Nigerians generally.
In a press release signed by the group’s national co-spokesperson, Mark Adebayo, on Wednesday, CUPP frowned at the sudden increase barely a month after the fuel price was hiked over 300% on May 29th this year.
The press release reads: “It has come to the attention of the CUPP the sudden and surreptitious increase yet again in the pump prices of petrol by NNPCL which has immediately started having negative domino effects on all other commodities and services in the country and further drowning most Nigerians into excruciating poverty and unprecedented economic woes.
 
“This subsidy removal scheme is increasingly looking like a scam to cage Nigerians inside a preprogrammed regime of socioeconomic slavery dictated by leadership insensitivity. This is not about opposition Parties. The opposition actually felt that the president had something better to offer Nigerians after the subsidy removal but what we are witnessing now is a double negative impact on Nigerians in every way imaginable.
 
“The way NNPCL is behaving now suggests that there is a hidden agenda of crazy and unending fuel price hikes that will be driving inflation to the rooftops and making life increasingly unbearable for Nigerians generally.
 
“No purposeful government would recklessly abandon its citizens to the unpredictable and inhumane market forces that are essentially atrocious and callous in nature without a robust intervention to protect the citizens. Such a policy is not only antisocial but also outrageously iniquitous. Nigerians have shown enough understanding of the subsidy removal; this administration should not push them to the wall and thereby instigate unmanageable mass crises that could further jeopardize the life of the common man.
 
“President Bola Ahmed Tinubu must immediately show himself as a compassionate leader by ensuring that the NNPCL is not hijacked by the same forces that stole the fuel subsidy monies leading to its removal and finding a backdoor to continue claiming the subsidy by other means and making Nigerians bear the brunt of their economic terrorism. We demand the immediate removal of the NNPCL GMD, Mele Kyari, to allow for a breath of fresh air in the organization and for his tenure to be forensically investigated and all discovered infractions to be comprehensively prosecuted before the NNPCL is turned into the terrorist arm of the economic cabal.”
CUPP urged the federal government to, without further hesitation, do something to reverse the recent fuel price hikes and stop any future plans to clandestinely increase the pump prices with the predictable value of increasing the sufferings of Nigerians.
 
“When will Nigerians be free from the wickedness of their governments?”, CUPP asked.
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Naira Extends Gain At I&E Window, Closes At N742.9/$

Nigeria’s currency, the naira, has slightly gained and appreciated.

The naira, on Tuesday, appreciated by 6.58 percent to close at N742.93/$ at the investors and exporters (I&E) window.

The improving fortune of the naira comes two sessions after it tumbled to an all-time low of N803.9/$ last Friday.

Data from FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading in Nigeria, showed that the local currency hit an intra-day trading high of N831 and a low of N707.99 before it settled at N742.93.

FMDQ quoted an opening rate of N788.17 to the dollar on Tuesday.

FX turnover within the day’s market session increased significantly by 352.36 percent to $156.29 million from $34.55 million published in the previous market session on Monday.

Meanwhile, the greenback was sold at N825 at the parallel/black market on Tuesday, Bureaux De Change operators (BDCs) in the Ikeja area of Lagos told TheCable.

On Monday, one dollar was sold at N827 at the black market.

TheCable had reported that Nigeria’s headline inflation rate rose for the sixth consecutive time to 22.79 percent in June 2023.

The inflation rate recorded a slight surge from 22.41 percent in May — less than expected by analysts.

The National Bureau of Statistics (NBS) later explained why inflation only rose slightly in June despite the impact of petrol subsidy removal and exchange rate unificiation on consumer prices.

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Entertainment News

Why I Ran From Home At 16 – Singer, Candy Bleakz

Blessing Mariam Akiode, the fast rising singer, who is also known as Candy Bleakz has made some revelations about herself.

She revealed the promise she made to herself at 16 after she ran away from home.

She said she made a promise never to return until she became a millionaire.

The Chocolate City signee disclosed this while featuring on Channels TV’s programme, Rubbin’ Minds hosted by Ebuka Obi-Uchendu.

She said: “While leaving home, I left with a mindset that, ‘I’m leaving home to feed home.’ And I didn’t want to go back home except I’m going home with the big bags. So, I do communicate with my familybut I did not want to go home.

“Because you that left home for long time, for you to go back home, the siblings are there, the family, what people think, what people are seeing online; they think this person has trillions in your account. So, to go come home, I really had to like have enough bags of money. But I have been communicating.”

Candy Bleakz said she recently reunited with her family.

The ‘Wale’ crooner said her parents are proud of her and the profession she has chosen.

She said they didn’t know she was a singer until she hit the spotlight.

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BREAKING: President Tinubu Writes Senate, Seeks Appointments Confirmation

President Asiwaju Bola Tinubu has written to the Senate, requesting it to confirm the appointment of members of the governing board of North East Development Commission (NEDC).

The letter for confirmation was sent to the Senate on Wednesday, July 19.

Details later..

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N617 Per Litre Is Extortion, Fuel Price Should Be N150 – PDP Slams Tinubu

The Peoples Democratic Party, PDP, has slammed President Bola Tinubu accusing him of extorting Nigerians with his fuel subsidy removal.
This followed the recent increase in the price of petrol to N617 per litre.
PDP said the price of fuel should not be more than N150 per litre, adding that the increased rate was a maladministration by Tinubu’s government that has shown extreme insensitivity and callousness towards Nigerians.
The Party cautions that the increase is worsening the already suffocating economic situation under the APC and has the capability of triggering a very serious crisis in the country if not abated.
A statement by PDP’s spokesman, Debo Ologunagba said it is appalling that instead of seeking ways to stabilize and grow the economy, the APC administration has abandoned the welfare of Nigerians which is the primary purpose of Government under Section 14 (2)(b) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and left the citizens to the vagaries of market forces and exploitative cabal; a disposition that is characteristic of a government that is not accountable to the people.
Ologunagba: “The PDP is alarmed that with its ill-thought out, badly planned and hurriedly-executed policies, the APC is running Nigeria’s economy aground with the value of naira rapidly plummeting, businesses and production shutting down; citizens losing their means of livelihood, commercial and social activities crippled, with millions of families no longer able to afford their daily needs as the costs of food, medication and other essential goods and services continue to skyrocket.
 
“The present dire situation comes as a consequence of APC’s insensitivity, seething corruption, scandalous cluelessness and lack of capacity to effectively steady and manage the nation’s economy.
 
“Our Party insists that the N617 per litre of fuel is excessive, unacceptable and cannot be justified under any guise. This is especially given the economic potential and prospects within our country.
 
“Even with the removal of subsidy on petroleum products, the PDP maintains that with a deft, transparent and innovative management of resources, economic potentials, national comparative advantage and expanded value chain in refining capacity, fuel should not sell for more than N150 per litre in Nigeria.”
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First Lady, Remi Tinubu Renames Women Centre After Late Maryam Babangida

The National Centre for Women Development (NCWD) in Abuja has been renamed after the late First Lady, Dr Maryam Babangida.

The First Lady, Sen Remi Tinubu who made the change, said the late Maryam was a mentor and the greatest contributor to present-day first ladies in the country.

She said the late Maryam Babangida and Maryam Abacha were proud of her when she was the Lagos State governor’s wife because she reminded them of themselves.

Senator Tinubu spoke yesterday in Abuja at the renaming of the centre as the Maryam Babangida National Centre for Women Development (MBNCWD) and induction of first Nigerian female achievers into the Nigerian Women Hall of Fame.

The First Lady also stated that during her time as first lady, Maryam Babangida played complementary and supportive roles to the then Military President, General Ibrahim Babangida.

She recalled that several worthwhile projects were executed to ameliorate the sufferings of the masses at the time.

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I Won’t Interfere With Case — Emefiele Asks Court To Grant Him Bail

The suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has asked a federal high court in Lagos to grant him bail, TheCable reports.

Emefiele is seeking bail on self-recognisance pending the determination of the charge filed against him by the federal government.

On July 13, Peter Afunanya, spokesperson of the Department of State Services (DSS) confirmed that the agency has filed charges against Emefiele.

The DSS charged Emefiele with two counts bordering on alleged possession of firearms.

Although the case has been assigned to Nicholas Oweibo, a judge, Emefiele is yet to be arraigned.

The bail application, which is premised on nine grounds, was filed by a team of 10 lawyers led by Joseph Daudu.

Emefiele argued that the charges for which he was accused are bailable.

He said he has never been convicted of a crime and should enjoy the presumption of innocent until proven guilty, adding that he is not a flight risk.

Emefiele also said granting him bail would afford him adequate time to prepare his defence.

He added that since investigations have been concluded, there is no likelihood of interference on his part.

The defendant pledged to show up for trial on time and expressed his willingness to offer responsible sureties required by the court.

On June 9, President Bola Tinubu suspended Emefiele and asked him to transfer his responsibilities to Folashodun Adebisi Shonubi, deputy governor, operations directorate.

The day after, the DSS announced that Emefiele was in its custody for “some investigative reasons”.

Emefiele has been in DSS custody since June.

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Entertainment News

Dele Omo Woli And Wife Celebrate Wedding Anniversary

Nollywood actor, Olamide Oladimeji popularly known as Dele Omo Woli and his wife, Bunmi are celebrating their wedding anniversary today, July 19.

The couple took to their respective Instagram pages to re-affirm their love for each other on their special day.

Dele wrote;

”Happy Wedding Anniversary To Us Olami ❤️🫶🏾❤️ I’m yours for life , No Refunds ❤️ Love you so much Ishe Mi 😜 @bummie_makeovers”

His wife on her part wrote;

”I’m always grateful for having you in my life OLAMI❤️Cheers to us for making another fantastic year…HAPPY WEDDING ANNIVERSARY TO US MY LOVE @deleomowoli_mideoladimeji”

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I Can Count On One Hand How Many Men I’ve Slept With – Stefflon Don

British rapper, Stefflon Don has opened up about her body count.

The ex-girlfriend of Burna Boy says she can count the number of men she has slept with on one hand.

She was compelled to speak on her body count after a troll tried to shame her by saying she changes men every year.

“Different man every year smh,” the troll mocked.

Firing back at the troll, she revealed that she can count on one hand how many men she had slept with.

She went on to say that a lot of men deserve women who have 50 body count as men are just as promiscuous and unfaithful.

Stefflon Don wrote:

“I can count on 1 hand how many men I’ve slept with and that don’t mean nothing cuz every man has still cheated further more 99% of you deserve females with 50 bodies. Out here worrying about womens body counts get a life “

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Entertainment News

My Mum’s Absence Affected My Life – Ex-BBNaija Star, Hermes

Ex-BBNaija housemate and model, Hermes Chibueze Iyele has disclosed that he was affected by his mother’s absence in his life.

Hermes said his dad raised him and his siblings single-handedly but instructed them never to hate their mum.

He disclosed this while featuring on the latest episode of The Nancy Isime Show alongside his colleague, Phyna.

The reality star recalled how he used to be heartbroken when other students’ mothers came for PTA meetings and his mum never showed up.

He said, “One significant thing I think affected me a lot was not having my mum around. A lot of people really think that me looking for my mum [when she went missing from a psychiatric centre], with all the love that I did, she was so present in my life. No. She was absent my entire life.

“My entire life was just longing to.. I will be in school. I will see people’s mums come for PTAs and what not, and I will just feel like, Oh! My God, my mum is so pretty, if she came here now, I would probably have like so many more friends. It never happened.

“The silver lining for me, why I really still have love to give, is my dad. And I think something happened in the Big Brother show, I think we were sitting in the dining room, it was an argument about how men could not… Someone said men could not take care of children as much as women would love and take care of them. I felt really attacked by that because my dad raised me. He did an absolutely great job. He took care of really young kids. Got a bus to hustle and train us through school. It was a lot.”