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PH Residents Lambast Senate Over Petrol Tax

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Residents of Port Harcourt City and its environs have condemned the N5.00 tax per litre of imported fuel being advocated by the Senate.
Some of the residents who spoke to our correspondent said such idea was an expression of insensitivity to the current economic reality in Nigeria .
A petroleum Products dealer,  Chief Johnson Udo, said “the N5.00 tax in its totality is wrong if you consider what the common man is facing in the country at the moment.
Adding N5.00 tax per litre of imported product would lead to increase in the product since the importers who are in business to make profit will equally increase the cost of a litre to  cover up the tax”.
Another respondent, Mr Clement Emem, wondered why the senate should depend on petroleum to solve all Nigeria’s problems even at the present period when emphasis has been on diversification.
Emem, who noted that he was not against the idea of sourcing fund to fix the poor roads across the nation, rather suggested that one per cent tax should be levied on the income of every rich Nigerian, especially politicians.
“Let those senators and other rich Nigerians pay extra one per cent of their income to raise the fund to fix the roads because they are responsible for the economic challenges affecting the nation”, he said.
For Mr Bon Obilo, a public analysist, the senators’ idea does not amount to anything giving that the economy of the nation is too bad as a result of recession and any idea that will in any way add extra burden on the purse of the common man must be rejected..
“Adding N5.00 tax per litre of imported petroleum product will mean adding more to the cost of a litre sold and this will be unfair.
“The timing is wrong, the idea in itself does not portray the senators as those living in the present time with other Nigerians.
A teacher, Mrs  Jane Okolo, expressed disappointment with the senators’ idea and called on Nigerians to stand against any such more that will increase economic hardship on Nigerians .
“The senators should rather find out how all the budgetary allocations for repair of roads was spent and deal with those who stole those fund meant for road maintenance instead of increasing pains on Nigerians.
“They are there in the upper chambers to find out how our money has been stolen to big politicians and their friends in business.
The other day the news was that  several hundreds of billions of naira were fraudulently stolen in Niger Delta Ministry and the money was meant for roads and other development projects.
Senators should think of how to recover those monies from those holding them. Good number of them in the senate are therefore two or three terms, they should know their jobs better and leave Nigerians alone,”  she said.
A transporter, Usoro Mike, said the senate should look beyond oil and gas in sourcing for fund to fix the roads but to rather investigate where the budget for road rehabilitations has been going.
“Each year, huge budget is allocated for road maintenance but yet in every part of the country, especially in south south and south east geo-political zones, the situation of roads is worse.
Who and who have been stealing this fund. There was a period a former contractor and big politician was said to have stolen hundreds of billions of naira meant for road projects.
Let the senators find out what  happened  to those allocations and retrieve them from those holding them and leave oil alone. It is their job to help the executive arm recover our stolen wealth and use it to fix the roads”, Mike said.

 

Chris Oluoh

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Boat Mishap Kills Pastor, Wife And Church Members  In Brass Water

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A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways
The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and  members of his church were in a programme.
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?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet  to be recovered
as search party are still ongoing.
Although the real cause of the boat Mishap is not yet known as at the time of this report,  our Correspondent gathered  that the identities of the Pastor, wife and church members were not disclosed to the public.
The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit
The Bayelsa State government and the state police command are yet to issue official statement’s  on the sad accident
By: CHINEDU WOSU
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Rivers Workers Seek Scrapping Of Contributory Pension Scheme

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The Rivers State Council of  Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.
Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt,  recently.
Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.
He noted that  the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.
According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.
He also  informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.
“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.
Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.
The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.
He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.
Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.
The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.
He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.
Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.
By: King Onunwor
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FG Begins South-West Tour To Promote New Cooperative Bank

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The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.
 Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.
According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.
Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.
“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.
The minister noted  the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.
According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.
Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.
He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.
“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.
He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.
“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.
Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.
“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.
“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.
Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.
She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.
Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).
“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.
“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.
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