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Subsidy Removal Killing Us, Pensioners Cry Out to Tinubu

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The National President of the Nigeria Union of Pensioners (NUP), Mr. Godwin Abumisi, has cried out to President Bola Tinubu that the removal of fuel subsidy has brought pains, frustration, and hardship to average pensioners in the country.

Abumisi said this in Akure, the Ondo State capital, at the opening of National Executive Council (NEC) meeting of the union.

He appealed to the Federal government not to renege on its promise to include pensioners in the N25,000 cash award announced to cushion the economic hardship of the petrol subsidy removal, in order to assuage the pains of his members.

The National President, who lamented that the petrol subsidy removal has further impoverished pensioners, urged the Federal government to fulfill its promise to the pensioners.

He said: “The Pensioners’ Day this year was celebrated on the 5th of October, 2023 in line with the declaration of the day as the Older Persons’ Day by the Federal government.

“We addressed a world press conference and demanded the inclusion of pensioners in the N25,000 cash award announced by the Federal Government.

“Immediately after this, we met with the Hon. Minister of Humanitarian Affairs, Dr. Betta Edu and it is our hope that the list submitted will be treated with the needed zeal.

“This is why the theme of this year’s NEC meeting “Effect of Subsidy Removal on an Average Pensioner” is very apt and explicit.

“Without mincing words, the subsidy removal has brought with it pains, frustration and hardship to average Nigerians, including the pensioners.

“In the light of this, we wish to use this occasion to passionately appeal to both the Federal, State and Local Governments to do something very fast to assuage the pains of our members and other vulnerable Nigerians.”

The national president said that its members have been struggling and battling for financial survival.

Abumisi pointed out that if the palliatives are religiously implemented to the letter on record time devoid of the usual bureaucratic bottlenecks, it will go a long way to calm down frayed nerves of its members.

Also speaking,  the Ondo State Chairman of the union, Johnson Osunyemi,  who pledged their support and loyalty to the National Headquarters, promised to always operate in accordance with the spirit and constitution of the union.

Osunyemi lauded the  Ondo State governor, Rotimi Akeredolu, for giving priority to the welfare of pensioners in the State.

“Distinguished pensioners, although we still tremble under the cumbersome yoke of unpaid gratuities, we have decided to celebrate our governor today because he paid all the arrears of pensions he inherited from his predecessor.

” Equally, he has implemented all the increase in our pensions.

“Incidentally, and sadly too, his promises to ease the problems of pensioners are being encumbered by ill-health.

” As a parting request by the host council to our guests, we appeal to you to kindly join us in praying for the quick recovery of our kind and God-fearing governor.

The State governor, Rotimi Akeredolu, said that as part of his admission’s commitment to the welfarism of pensioners, monthly pensions are being paid as at when due while government priorities allocation of substantial amount of money for payment of gratuities.

Akeredolu was represented by his Special Adviser on Union Matters and Special Duties, Mr. Dare Aragbaye.

An award of excellence was presented by the pensioners to governor Akeredolu, NLC Vice President, Comrade Sunday Adeleye; the State Commissioner for Finance, Wale Akinterinwa among others.

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FG Dismisses Dangote Petroleum As Inferior, Says Refinery Not Yet Licenced, Not Completed

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By Eric Elezuo

A Federal Government of Nigeria petroleum regulatory agency, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), has dismissed petroleum products from the Dangote Refinery as inferior, in the guise of those f4om Watersmith and Aradel, making a case for superiority of imported ones.

The revelation was made by the Chief Executive Officer of NMDPRA, Mr. Farouk Ahmed, while responding to questions from a section of the press, a video of which is trending online, adding that the refinery is only 45% completed, and yet to be licenced for operation by the Nigerian government.

Earlier, the Vice President of Dangote Industries Limited, Devakumar Edwin, had alleged that most fuel products imported into Nigeria are substandard, blaming International Oil Companies (IOCs) of frustrating Dangote’s quest for production.

In the short video, which lasted a little over a minute, Mr. Ahmed debunked theories attached to the functionality of the Dangote Refinery, saying it does not have the capacity to ‘feed’ the nation of its petroleum needs, as it stands. He however, refuted arguments that some elements within the oil and gas sector were trying to scuttle the Dangote Refinery.

A transcript of the NMDPRA’s boss short response is as follows:

“It about concerns of supply of petroleum products acros the nationwide, and the claim that we are trying to scuttle Dangote. That is not so. Dangote Refinery is still in the pre-commissioning stage. It has not been licenced yet. We haven’t licenced them yet. I think they are about 45 per cent completed, or completion rather.

“We cannot rely on one refinery to feed the nation, because Dangote is requesting that we suspend or stop imports, especially of AGO and DPK, and direct all marketers to his refinery. That is not good for the nation in terms of energy security, and it is not good for the market because of the monopoly.

“Dangote Refinery, as well as some modular refineries like Watersmith Refinery and Aradel Refinery, are producing between 650 and 1,200 PPM. Therefore, in terms of quality, their products are inferior to imported ones,” he stated.

It will be recalled that only last Sunday, the President, Dangote Industries Limited, Aliko Dangote, while hosting senior journalists from across various media concerns, revealed that the Nigeria National Petroleum Company Limited (NNPCL) owns only 7.2% of stakes in the refinery, and not 20 percent as widely circulated. He also revealed that the refinery is set to begin fuel supply in August 2024.

Many stakeholders and respondents have alleged that there’s no love lost between the government of the day and the Dangote Group, and that explains the hiccup situation surrounding the takeoff the $19 billion refinery.

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JAMB Denies Setting Admission Cut-off Mark, Says No Such Thing

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The Joint Admission and Matriculation Board (JAMB), has denied setting cut-off marks for admissions into higher institutions across the country.

In a statement posted on its official X account on Thursday, the Board dismissed reports that it had set 140 as cut-off marks for universities, and 100 for polytechnics respectively.

“There’s no such thing as ‘cut-off mark’ in admission process to tertiary institutions in Nigeria, what’s obtainable is minimum tolerable score determinable by individual institutions,” it said.

The denial comes just one day after it was widely reported, that the Board had pegged 140 as a cut-off mark for admission into universities, and 100 as the minimum cut-off point mark for admission into polytechnics and colleges of education.

The statement attributed to JAMB Registrar, Professor Ishaq Oloyede, quoted him as announcing the development in Abuja at the 2024 Policy meeting of the Board.

The meeting had in attendance the Minister of Education, Tahir Mamman, vice-chancellors, rectors and registrars of higher institutions and other stakeholders.

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We Communicated Our Stand to Dangote, NNPC Reacts to Owning Only 7.2% Stake in Refinery

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The Nigerian National Petroleum Company (NNPC) Limited has explained why it holds only a 7.2% equity in the $19 billion Dangote Refinery, instead of the widely speculated 20%. 

A statement released on Sunday by Femi Soneye, the Chief Corporate Communications Officer of NNPCL, addressed the company’s recent decision regarding its investment in the Dangote Refinery.  

Soneye said that the decision to reduce their investment was carefully considered and communicated several months ago to Aliko Dangote. 

Dangote mentioned to newsmen on Sunday that NNPC no longer holds a 20% stake in the refinery.  

He explained that this change occurred because NNPCL failed to pay the balance of their share, which was due in June. 

Reacting, NNPC said:  

“NNPC Limited periodically assesses its investment portfolio to ensure alignment with the company’s strategic goals.

“The decision to cap its equity participation at the paid-up sum was made and communicated to Dangote Refinery several months ago,” NNPC said.

Nairametrics

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