News
Experts Caution FG on Deregulation
Following concerns raised by the planned deregulation of the downstream sector of the oil industry by the Federal Government last month, experts have cautioned the authorities to stay action on the matter.
Making public his views on the issue, a lecturer in the Social Science department of the Rivers State College of Arts and Science, Dr Lucky Eleanya told The Tide that the policy was ill timed and may bring more hardship on the people.
Dr Eleanya explained that the present economic condition in the country may worsen if such policy is introduced saying already fuel products are hard to come by.
“This is not time to multiply the sufferings of Nigerians” he stressed, adding that even the economic meltdown facing many countries globally also makes the policy unpopular.
Dr Eleanya cautioned that rather than deregulating, the oil sector, efforts should be made by the federal authorities to rehabilitate the refineries and make the products available to the people.
Similarly, chairman of Nigerian Institution of Town Planners (NITP) in Rivers State, Dr C.O Ibekuzie was of the opinion that the country is not yet ripe for such policy.
Dr Ibeakuzie recommended the need for the government to revitalize the three moribund refineries at Port Harcourt, Warri and Kaduna to refine at full capacity.
He, however, observed that previous attempts to raise the price of petroleum products by former administrations have so far not been too positive on the people.
Last two weeks, the Nigerian Labour Congress (NLC) at a rally in Abuja kicked against the planned deregulation, saying Nigerian workers would be worst hit considering their current pay package.
The same view was re-echoed by the Pentecostal Fellowship of Nigeria (PFN), which described the policy as not necessary.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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