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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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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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You’re A Source of Inspiration – Tinubu Hails Wole Soyinka On 89th Birthday

Nigeria’s President Bola Ahmed Tinubu has congratulated Nobel Laureate and elder statesman Prof. Wole Soyinka on his 89th birthday.
In a message on Thursday, Tinubu said Soyinka is a veritable source of support, inspiration, and encouragement.
The President, who called Professor Soyinka a brother and comrade in the struggle to restore and entrench democracy and good governance in Nigeria, commended him for his immense contributions to the country’s development.
“Today, I celebrate Nobel Laureate, elder statesman, and pro-democracy activist, Prof. Wole Soyinka, on his attainment of 89.
 
“Renowned playwright, poet, novelist, Professor Wole Soyinka has done much for Nigeria. In the literary world, he remains a giant, an Iroko. Importantly, his contributions to the struggle for restoring and institutionalising democracy and good governance in Nigeria are indelible.
 
“Together, along with other activists, we fought for democracy under the aegis of NADECO at great risk to our personal lives.
 
“Professor Soyinka remains a beacon and a source of inspiration and support to many of us.
 
“As he attains 89 today, we pray that God Almighty grant him more years and strength so he can be around to witness the new Nigeria we are building in line with our Agenda for a Renewed Hope for the country, where security, prosperity, and economic development will reign supreme,” Tinubu stated.
Soyinka was born on July 13, 1939, in Abeokuta.
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Subsidy Removal: I’m Aware That Nigerians Are Suffering – President Tinubu

President Bola Ahmed Tinubu has stated that he is aware of the sufferings experienced by Nigerians following the removal of fuel subsidy.

He assured Nigerians that the decision was in the best interest of the country, especially in guaranteeing future prosperity.

The President stated this when he received the 18 governors who served with him, Class of 1999, at the Presidential Villa, on July 12. He assured Nigerians that the framework for palliatives to remedy the effects of fuel subsidy removal was being worked out.

Tinubu said the government will increase effort, speed up the process and ensure a full-proof social security structure that will not be compromised, especially in cash-transfer.

“I understand that our people are suffering yet there can be no childbirth without pain. The joy of childbirth is the relief that comes after the pain. Nigeria is reborn already with fuel subsidy removal. It is a rebirth of the country for the largest number over a few smugglers. Please tell the people to be a little patient.

The palliative is coming. I don’t want cash-transfer to fall into wrong hands. I know it pinches and it is difficult. In the end, we will rejoice in the prosperity of our country,’’ he told the governors, who were led by former Governor of Edo State, Lucky Igbinedion.

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I Never Knew Tinubu Will Be President – Fayose

Former governor of Ekiti state and member of the Peoples Democratic Party, Ayodele Fayose has said that he never knew Bola Ahmed Tinubu would emerge as Nigeria’s President.

Fayose recalled celebrating Tinubu on his birthday since 2015, but never knew he would become Nigeria’s president.

Speaking on Channels Television’s programme, Sunday Politics, Fayose said he has no regret clamouring for power to shift to Southern Nigeria ahead of the 2023 presidential election.

He also noted that he has never hidden his stance for Tinubu as the leader of the Southwest.

According to Fayose: “I have never hidden in my position on Asiwaju Bola Tinubu. Let me remind you very quickly. I never knew Asiwaju will be president of Nigeria and there was no time in 2015, 2016, 2017, and 2018 that I have not celebrated his birthday on the pages of newspapers as the then-governor of Ekiti State.

“One of the messages I passed across at that time was that party politics notwithstanding, he will remain our leader in the West for long.

“I never knew he would be president of Nigeria. I counted the costs before I took those actions. If Tinubu is not an example to identify with, somebody like me would not identify with him.”

Last week, Fayose visited Tinubu at the presidential Villa in Abuja.

Speaking after the visit, the former governor, who commended the president, vowed to tackle him if he derails from his promises to Nigerians.

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Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To September 1

President Bola Tinubu has suspended 5% excise tax on telecommunication services.
He also ordered the suspension of excise duties on locally manufactured products.
This was contained in the four executive orders signed into law today.
Dele Alake, special adviser on special duties, communications and strategy to the president, disclosed this on Thursday to state house correspondents.
More to follow…
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BREAKING: Tinubu Signs Four Executive Orders To Curb Multiple Taxation

Nigeria’s number one man, President Bola Ahmed Tinubu has signed four Executive Orders into law.

He signed the new orders in order to curb arbitrary taxation policy in the country.

Special Adviser, Special Duties, Communication and Strategy, to the President, Dele Alake, announced the policy directive on Thursday during an interactive session with State House Correspondents.

Among the Executive Orders signed into law by the President, includes the Finance Act (Effective Date Variation) Order, 2023, has now deferred the commencement date of the changes contained in the Act from May 23, 2023 to September 1, 2023. This is to ensure adherence to the 90 days minimum advance notice for tax changes as contained in the 2017 National Tax Policy.

The second Order involves the Customs, Excise Tariff (Variation) Amendment Order, 2023.

Alake said this has shifted the commencement date of the tax changes from March 27, 2023 to August 1, 2023 and also in line with the National Tax Policy.

He said Mr President has given an Order suspending the 5% Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products.

“Further to his commitment to creating a business-friendly environment, the President has ordered the suspension of the newly introduced Green Tax by way of Excise Tax on Single Use Plastics, including plastic containers and bottles.

“In addition, the President has ordered the suspension of Import Tax Adjustment levy on certain vehicles.

As a listening leader, the President issued these orders to ameliorate the negative impacts of the tax adjustments on businesses and chokehold on households across affected sectors.

“His Excellency will not exacerbate the plight of Nigerians,” Alake stated.

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President Tinubu Receives Shell Petroleum Delegation

President Asiwaju Bola Tinubu received a delegation led by Ms Zoe Yunovic, the Global Upstream Director, Shell Petroleum Development Company at the State House, Abuja, on Monday.

Those among the Shell Petroleum Development Company delegation are Peter Costello, Osagie Okunbo, and Mar De Jong.

At the meeting from the side of the presidency include, Chief of Staff, Femi Gbajabiamila; Special Adviser on Energy to Tinubu, Ms Olu Verheijen; SA on Revenue matters to the President, Mr Zacchaeus Adedeji; SA on Media, Dele Alake; and the Group Managing Director of the Nigerian National Pretroleum Company Limited (NNPCL), Mele Kyari.

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How I Was Slapped By A Naval Officer In US – President Tinubu

President Bola Ahmed Tinubu has given an insight into his life before his achievement in the political field.

He revealed that he once worked as a taxi driver in the United States and even experienced being slapped by a naval officer for unintentionally overcharging him.

The President’s experiences were published in a biography titled ‘Tinubu: My life as gypsy cab driver in the US’, written by seasoned journalist, Mike Awoyinfa and featured on the back page of a national daily.

According to the story, Tinubu worked as an unlicensed taxi driver in Chicago, picking passengers up from the airport and driving them to their destinations.

The President revealed that he took up this driving job as a means of financial support before he started school.

He narrated, “We got an unregistered used car commonly called Gypsy, which we ran as a taxi. We operated at the airport where we picked passengers, and not anywhere else, like the hotel because it was forbidden for unlicensed cab drivers to do so.

“We did that for a while to raise some money. Bolaji went to Tennessee, while I headed for Chicago.

“I was supposed to have started schooling in April. I deferred it till September in order to have more money. Immediately I got to Chicago, I went straight to Richard Daley College. It was very interesting.

“I was able to pay for my apartment and tuition fees at Chicago State University. I supplemented that by doing different menial jobs like door guard and security man.”

Speaking further about the incident, he said the naval officer he carried responded with a slap on his face because overcharged him, as his destination was a nearby.

“As a cab driver, one experience I will never forget was when I over-charged a naval officer who was returning to the country. It was not intentional,” Tinubu said.

“Apparently, I didn’t know the direction. There was no GPRS in those days to locate directions. So, he gave me the direction to his house in a Virginia suburb.

“I gave him the price and the man responded with a slap to my face. He said I should know the correct price to charge to the location he mentioned. He slapped me and gave me the money.”