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ASUU Sets Sunday to Decide End of Strike

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The National Executive Council of the striking Academic Staff Union of Universities will meet on Sunday, August 28, 2022 to take a decision on whether to suspend or continue with the industrial action, The PUNCH has learnt.

Sources among the union’s NEC members told our correspondent on Monday that the meeting will hold at the union’s national headquarters at the University of Abuja.

Our correspondent further gathered that the council will take a decision on the industrial action based on reports from the various state congresses.

The PUNCH reports that ASUU had on Monday, February 14, 2022 embarked on a strike.

The union had demanded for the renegotiation of the ASUU-FGN 2009 agreement; release of revitalisation funds for universities; deployment of the University Transparency Accountability System for the payment of salaries and allowances of university lecturers; release of earned allowances; and the release of the white paper report of the visitation panels to universities.

“The NEC meeting will hold on August 28, the four weeks ultimatum that we gave is expiring that same day. We will be making our decisions based on the results of the state congresses.

“The NEC has to depend on the result of the congresses. The zones have held their own congresses; the branch chairmen will also talk to their members and they will get feedback which will be transmitted to the NEC,” one of the sources said.

When asked if the union will consider calling off the strike, the source asked, “Does it look like the government wants to end the strike?”

Confirming the date of the NEC meeting to our correspondent, the chairperson, ASUU, Federal University of Technology, Minna, Dr Gbolahan Bolarin, simply said, “Yes, Sunday.”

Shortly after the commencement of ASUU strike, other university-based unions such as the Senior Staff Association of Nigerian Universities, Non-Academic Staff Union of Universities and other allied educational institutions had also embarked on strike to push their demands.

In a bid to end the strike, the government had set up a negotiation team led by the Pro-Chancellor of the Federal University of Lokoja, Nimi Briggs, to look into negotiations with the unions.

While, SSANU, NASU and NAAT had suspended their strike actions, the negotiations between the government and ASUU had stalled.

 ‘No proscription plan’

Meanwhile, the Federal Ministry of Education on, Monday, said it was not aware of plans to proscribe ASUU.

The ministry also noted that the failure of the union to call off its strike despite the interventions of the government was unreasonable.

The ministry’s spokesperson, Ben Goong, disclosed this in an interview with our correspondent in Abuja.

Media reports had said the government was planning to proscribe the union and drag it to the National Industrial Court over the strike.

Goong said, “We are not aware of such plans. The minister gave all the updates during his press briefing with State House correspondents. If there were plans to take further steps, he would have noted it.

“As regards the next steps, the government has already inaugurated a committee to harmonise the IPPIS, UTAS and UP3; this will ensure that the government will pay with only one payment platform that will harmonise all the technical peculiarities.

“The government has also rolled out its achievements. A total of N2.5 trillion has been expended in the tertiary education sector in the past 10 years, that is even much more than the amount in the 2009 agreement. The issues about salary adjustment have also been attended to.

“If you bring some demands and almost 80% has been attended to, there is no need to drag the strike anymore. It is unreasonable for the strike to be lingering, seeing as the government has worked towards fulfilling most of the demands.

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Oyedele Denies Hinting FG’ll Introduce Fuel Tax In spite of Video Evidence

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Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has denied saying the Federal government will introduce a fuel tax when the economy stabilises and income levels improve.

In a post on X on Tuesday, Oyedele said his remarks during an interview with ARISE News was misrepresented, insisting that a “fuel tax is not on the table.”

However, during the interview with Rotus Odiri, ARISE News Business Correspondent, on the sidelines of the 2026 International Monetary Fund and World Bank annual meetings in Bangkok, Thailand, Oyedele said the tax would come when income levels improve enough for Nigerians to accommodate it.

He said taxes account for between 20 and 80 percent of pump prices in some countries, while many African countries impose between six and 10 different taxes on fuel products.

He said introducing fuel tax while petrol was still subsidised would have been counterproductive because government would effectively be paying the tax itself.

According to him, imposing the tax immediately after removal of petrol subsidy would be insensitive to Nigerians.

“The objective should be that instead of trying to suppress prices, which hasn’t worked for us, it hasn’t worked for any country in the world, not one. Instead of trying to suppress prices, think about how to grow income faster than prices rise,” Oyedele said.

“That’s how you bring prosperity and grow the middle class and that is exactly what we are doing as led by Mr. President himself.

“At the appropriate time, when the economy has stabilizes and income level will be able to accommodate it, those taxes will come. Not because we want to impose taxes,” he added.

In his Tuesday post, the minister reiterated that introducing a fuel tax at this time would be insensitive following removal of petrol subsidy, describing reports that government will introduce the levy when the economy stabilises as “fake news.”

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2027: Atiku, Most Nationally Formidable, Experienced – Dele Momodu

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A chieftain of the African Democratic Congress (ADC), and Deputy Director of the Presidential Campaign Council, Chief Dele Momodu, has described former Vice-President Atiku Abubakar as the most nationally formidable and experienced among the leading contenders for the 2027 presidential election.

Momodu said Atiku’s experience at the national level distinguishes him from President Bola Tinubu and former Anambra State Governor, Peter Obi.

He stated this on Wednesday during an interview on Eagle 102.5 FM, Ilese-Ijebu, in Abeokuta.

“If you look at the antecedents of the three major candidates, between Atiku Abubakar and Peter Obi, you will see that Atiku is the most experienced. He has managed our country at the highest level,” he said.

Momodu traced Atiku’s political journey to the 1992 Social Democratic Party (SDP), presidential primary where he contested against late MKO Abiola and stepped down for him.

He said Atiku accepted the outcome without crisis even after he was not picked as Abiola’s running mate, describing it as a mark of true democratic temperament.

“He is the only one who started from around 1992, contested the SDP primary against Abiola and stepped down with uncommon equanimity. He did not make any noise,” Momodu said.

He noted that Atiku was among the founders of the Peoples Democratic Party, PDP, and served as Vice-President from 1999 to 2007.

Comparing Atiku with Obi, Momodu argued that while Obi’s best was demonstrated in Anambra, Atiku’s was at the presidency level managing the national economy.

“Peter Obi has tried his best in Anambra, while Atiku’s best is at the level of vice president controlling the economy of Nigeria. The difference is clear. He has matured in experience and exposure,” he said.

Momodu also said President Tinubu’s experience was largely limited to Lagos.

“What I’m trying to say is that Tinubu’s experience was limited to Lagos, and that is why when he became president, he thought Nigeria was Lagos. And he has found out now that Nigeria is not Lagos,” he said.

He argued that the current economic hardship under the present administration did not show prosperity, insisting Atiku remained better positioned to lead the country.

“Well, we are yet to see that prosperity, and if yesterday would determine today and tomorrow, it is obvious that Tinubu should retire now and let someone else do it,” Momodu added.

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No Going Back on Subsidy Removal, Other Economic Policies – Tinubu

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President Bola Tinubu says he has no regrets over the removal of petrol subsidy and other economic reforms introduced by his administration, insisting that Nigeria could not borrow its way to greatness.

Meanwhile, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned Nigerians against returning to petrol subsidy. He said the backtrack could trigger capital flight, undermining investor confidence and pushing the Naira to N3,000, N3,500 or even N4,000 per dollar.

But the Director of Media and Publicity of the African Democratic Congress (ADC) Presidential Campaign Council (PCC), Kola Ologbondiyan, challenged Oyedele to publish the economic model behind his warning that a return to fuel subsidy could push the naira to N4,000 per dollar.

The President spoke on Monday during the City Boys Movement retreat in Abuja, where he charged members of the group to mobilise support for his administration ahead of the 2027 general elections, insisting that the country’s future mattered more than the ambition of any individual candidate.

“No regrets,” Tinubu said, insisting that his administration would not be pushed back from its reform agenda.

He took a swipe at his political opponents, promising to restore the petrol subsidy, saying Nigeria could no longer afford to pay the fuel subsidy, and warning that reversing the policy would take the country back to an unsustainable economic path.

Defending his decision to remove the subsidy on his first day in office, Tinubu said the country was on the verge of financial collapse and could no longer afford the policy’s cost.

Tinubu also sought to reassure Nigerians about the direction of the economy, arguing that growth was steady and that the sacrifices associated with his reforms would ultimately offer citizens a future worth believing in.

Oyedele disclosed during a press briefing of the International Monetary Fund (IMF) and World Bank Annual Meetings in Bangkok, Thailand, yesterday, that investors had repeatedly questioned whether the government would abandon its reforms ahead of the next election cycle.

Ruling out the reversal of the government’s economic reforms, he maintained that any signal that Tinubu’s administration was contemplating or reinstating the subsidy would immediately affect financial markets, raise borrowing costs and worsen economic pressures on households.

“In all the meetings I have had, I came to a conclusion that the markets, including the domestic market, which you can read from the capital market, and the international market, have largely written off the opposition in Nigeria as unserious.

“If, for any reason, the President were to say we are merely considering the return of fuel subsidy, capital would react immediately, airfares would struggle, the naira would come under severe pressure, potentially moving towards 3,000, 3,500 or even 4,000.

The very fuel people want subsidised would become far more expensive in Naira terms,” Oyedele warned.

However, Ologbondiyan accused the Federal government of using fear to discourage debate on fuel subsidy, insisting that Nigerians deserve evidence, not alarming projections, on the potential economic consequences of restoring the policy.

Speaking to journalists, he described the minister’s warning as scaremongering and demanded that the government explain how it arrived at the projected exchange rate.

“The Minister of Finance is merely scaremongering. He cannot claim that a return to fuel subsidy will cause the naira to depreciate to N4,000 to the dollar without showing Nigerians the model behind that projection,” he said.

He questioned the reliance on investors’ concerns to oppose a subsidy’s return, challenging the government to identify the sources of the projections and disclose their calculations.

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