News
TUC Rejects Rise In Oil Subsidy Quantum
The Rivers State chapter of the Trade Union Congress of Nigeria (TUC), has expressed worry over the unprecedented rise in he quantum of subsidy in the later part of this year than the country had in the beginning.
In a statement in Port Harcourt, yesterday, the Rivers TUC Chairman, Comrade Chika Onuegbu said the unprecedented quantum rise in the oil subsidy in the later part of 2011 was a dangerous development especially now that the international oil subsidy price has been on the downward trend since May 2011.
Given the favourable oil market index, he said Nigerians would expect a corresponding fall in the amount of subsidy but regretted that the reverse was the case in the country.
Comrade Onuegbu noted that Rivers TUC was unequivocal in its insistence that oil subsidy should not go, but that “what is required is the removal of corruption and inefficiency in the subsidy and downstream sector management”.
He argued that virtually all countries of the world operate one form of subsidy or the other for the citizens, and wondered why Nigeria’s case would be different.
The Rivers TUC boss, however, lauded Senator Magnus Abe-led Senate Joint Committee on Oil Subsidy for inviting key government officials to explain the origin, history, nature of oil subsidy in Nigeria especially against the backdrop of the unprecedented rise in the quantum of subsidy in the later part of this year than the earlier part.
News
198 UNIBEN Students Bag First Class
News
Bayelsa Education Fund, British Council trains tra 1,000 teachers
News
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.
-
News5 days agoRSG Woos Investors As PHCCIMA Unveils Port Harcourt Int’l Trade Fair
-
Sports3 days agoBarca Impress On Return To Camp Nou
-
Sports3 days agoSunderland Fall At Fulham
-
Sports3 days agoBundesliga: Oliseh Stars As Bayern Rebound To Thrash Freiburg
-
Sports3 days agoForest Embarrass Liverpool At Anfield
-
Niger Delta3 days agoTraditional Ruler Seeks End To Benin Artifacts Unauthorized Promotion
-
Sports3 days agoOgoni Nation Cup: Victory Against Amee Base Excites Coach
-
Maritime3 days agoNSC Decries Police Interferences With Cargoes At Seaports
