Featured
FG Spent N43bn On Petrol Subsidy In January -PPPRA …Tasks Civil Servants To Be Proactive
The Federal Government, through the Nigerian National Petroleum Corporation (NNPC), paid N43.09billion as subsidy on Premium Motor Spirit (PMS), also known as petrol, in the month of January, 2020, according to data obtained from the Petroleum Products Pricing Regulatory Agency (PPPRA).
The amount paid as subsidy in January, 2020, represented a decline of 22.47 per cent when compared with the N55.58billion paid by the Federal Government to subsidise the commodity in December, 2019.
Figures gleaned from the PPPRA’s PMS Pricing Templates and Daily Truck-Out Reports for January, 2020, put the average Expected Open Market Price (EOMP) of PMS at N171.27 per litre, meaning that at a regulated price of N145 per litre, the Federal Government paid an average of N26.27 per litre as subsidy on fuel in January.
In addition, the PPPRA reports stated that a total of 1.591billion litres of petrol was supplied across Nigeria in 30 days out of the 31 days in the month under review, translating to an average daily PMS supply of 53.033million litres.
Therefore, paying an average of N26.27 per litre on an average PMS supply of 1.591billion litres, meant that the Federal Government spent N43.09billion to subsidise PMS for Nigerians in January, 2020 alone, the report added.
The amount expended as subsidy on PMS in January represented 9.58 per cent of the N306billion budgeted for fuel subsidy in the 2020 budget of the Federal Government.
The EOMP of petrol is the price the commodity is expected to be sold to motorists if the government stops paying subsidy on the commodity.
However, as at today, subsidy is borne by the NNPC on behalf of the federation.
The NNPC, which is currently the sole importer of PMS into the country, bears the cost of subsidizing the commodity and deducts the cost from earnings from its domestic sale of crude oil and gas, before making remittances to the Federation Account.
Giving a breakdown of the Expected Open Market Price of the commodity and the amount incurred as subsidy in days the pricing templates were published, the PPPRA stated that for January 2, 3, 6, 7, 9 and 10, EOMP of PMS stood at N182.05 per litre, N182.28 per litre, N183.50 per litre, N179.50, N172.93 per litre and N174.52 per litre, respectively, translating to subsidy of N37.05 per litre, N37.38 per litre, N38.50 per litre, N34.50 per litre, N27.93 per litre and N29.52 per litre.
For January 13 to 17, EOMP of PMS stood at N173.89 per litre, N173.95 per litre, N172.49 per litre, N173.81 per litre and N171.77 per litre, respectively; leading to subsidy of N28.89 per litre, N28.95 per litre, N27.49 per litre, N28.81 per litre and N26.77per litre, respectively.
In addition, EOMP of N172.76 per litre, N173.84 per litre, N170.60 per litre, N167.56 per litre and N163.75 per litre were recorded from January20 to 24, translating to subsidy of N27.76 per litre, N28.84 per litre, N25.60 per litre, N22.56 per litre and N18.75 per litre, respectively.
For December 27 to 31, the Federal Government incurred subsidy of N14.86 per litre, N17.53 per litre, N18.49 per litre, N16.15 per litre, and N15.45 per litre, respectively, from EOMP of PMS of N159.86 per litre, N162.53 per litre, N163.49 per litre, N161.15 per litre and N160.45 per litre.
Meanwhile, the Federal Government, yesterday, charged civil servants to think outside the box in the discharge of their responsibilities to the country at all times.
The Head of the Civil Service of the Federation, Dr. Folasade Omolara Yemi-Esan made the call when top management of the office gave her a rousing welcome on her first official day as substantive Head of Civil Service of the Federation.
In a brief interaction with management, Yemi –Esan thanked God for the opportunity given to her to serve in the capacity.
According to her, unity is the hallmark of success hence the need for cooperation from all and sundry.
She, therefore, called on civil servants to join hands in making service delivery efficient and effective, even as she stressed that “God will give us the grace to carry out this enormous responsibility.”
She argued that with the cooperation of everybody, “we will not disappoint the President in the discharge of our duties and leave a lasting legacy for our children.”
It would be recalled that President Muhammadu Buhari confirmed the appointment of Dr Folasade Omolara Yemi-Esan as the Head of Civil Service of the Federation, last Friday.
Featured
We’ll Be Intentional In Our Support To Improve NYSC Scheme -Fubara
Rivers State, Sir Siminalayi Fubara, has assured members of the National Youth Service Corps (NYSC) of his administration’s commitment to supporting and strengthening the scheme in the State.
Fubara gave the assurance last Friday at the NYSC permanent orientation camp, Nonwa-Gbam, Tai Local Government Area in the State, during the swearing-in ceremony of 2026 Batch B Stream II orientation course.
Represented by the Permanent Secretary, Cabinet Bureau, Office of the Secretary to the State Government, Dr. Promise Oguzie, the governor said the State Government would remain intentional in providing the necessary support to improve the NYSC scheme and enhance the experiences of corps members deployed to the state.
He charged the corps members to be role models and quality nation-builders in their service to the good people of Rivers State in particular, and Nigeria at large.
“I charge you to be exemplary, dedicated and committed in all you do. Take full advantage of all the camp programmes and activities to enrich yourselves”, he said.
In his welcome address, the State Coordinator of NYSC in Rivers State, Mr. Moses Oleghe, urged corps members to see their deployment to Rivers State as a “veritable opportunity to make meaningful contribution to the growth of the State in particular and Nigeria at large.”
He further charged them to serve with all sense of “integrity, discipline, and the fear of God, especially when they will be engaged as INEC ad-hoc staff that will conduct the 2027 general elections.”
A total of 3,584 corps members composed of 1,421 males and 2,163 females were sworn in by the Chief Judge of Rivers State, who was represented by Justice Godspower Aguma.
Featured
Fubara: Nigeria Needs God-fearing Leaders To Make Progress …Applauds Seventh Day Adventist
Governor of Rivers State, Sir Siminalayi Fubara, says Nigeria needs God-fearing leaders for the nation to move in the right direction and make meaningful progress.
The Governor stated this yesterday when he received in audience, the World President of the Seventh Day Adventist Church, Pastor Erton Kohler; his wife, Andriene Marques Kohler; daughter Mariana Marques Kohler and a retinue of ministers of the church at Government House, Port Harcourt.
Fubara who hailed the Seventh Day Adventist Church for its contributions to education and the grooming of future leaders in Nigeria, expressed delight that the Church had over the years, been investing in education at various levels and currently runs two universities in the country.
He commended the church for not only using its institutions to spread the gospel of Christianity but to groom future leaders for the country.
According to him, religion should not be just about defending one’s faith, but also making meaningful impact on the lives of the people.
He said that by floating these educational institutions, the church has demonstrated capacity to support Nigeria in the task of producing not only educated people but a breed of God-fearing leaders.
“Our country is where it is today because we lack the fear of God. If you have the fear of God, there should be a limit to what you can do because you understand the supremacy of God. But when God is not in your equation, you’ll go beyond the line and that is what has brought us to where we are today.
“So, I feel very happy that you are contributing to the development of our future leaders in this country. We need the right people being in the right place; prepared properly with good minds; that is what we need, not just in Nigeria but round the whole world.,” he said.
Governor Fubara further observed that the absence of God-fearing people in high places to take the right decisions that could impact positively on the society, has also given rise to other problems such as social inequality, poverty, corruption and criminality. According to him, Nigeria needs a system where the average parent could afford quality education for their children and a guarantee that upon graduation, the average child will have the capacity to compete favourably with anybody, anywhere in the world.
“If we have a situation where the little money that you’re being paid as wage can also afford you quality healthcare and after working at least for 15-20 years, you have a roof over your head, tell me why you should be involved in any kind of crime? At that point, you’ll feel secured and this attitude of insecurity about the future that leads to all the social vices we have today won’t be there,” he said.
Governor Fubara expressed appreciation to the delegation for the visit and for their prayers for Rivers State, assuring them of his continued support for their programmes in the state.
Leader of the delegation and World President of the Seventh Day Adventist Church, Pastor Erton Kohler said he was in Nigeria for a special conference of the church during which thousands of the church’s ministers will be undergoing an empowerment programme to further equip them for the task of herding their flocks and serving the society.
He expressed gratitude to the Governor for the warm reception accorded his entourage, saying the memory of the visit will linger in his mind for a lifetime.
Kohler disclosed that the Church has over twenty -four million (24,000,000) members and more than 182,000 places of worship, spread across 212 countries of the world.
Featured
Rivers Assembly Approves Fubara’s 2026–2028 MTEF
The Rivers State House of Assembly has approved the 2026–2028 Medium Term Expenditure Framework (MTEF) submitted by Governor Siminalayi Fubara.
This reaffirms the lawmakers’ commitment to enacting laws and taking legislative actions geared towards the overall development of the State.
The Assembly gave the approval during its Second Legislative Sitting of the Fourth Session held last Friday.
Speaking on the MTEF document during plenary, the House Speaker, Rt. Hon. Martin Amaewhule, noted that by the provision of Section 10(1)(b) of the Rivers State Fiscal Responsibility Law No. 8 of 2010, the MTEF ought to have been laid before the House in September 2025.
Amaewhule explained that traditionally, the document is expected to be presented four months before the commencement of the next financial year and immediately after the expiration of every three-year fiscal cycle.
He, however, stated that in the interest of the State and its people, the House considered it necessary to deliberate on the document, describing it as a precursor to the 2026 Budget Estimates.
The Speaker expressed concern that the year had already progressed significantly before the presentation of the framework.
During deliberations on the document, members examined the assumptions and projections contained in the MTEF and observed that strict adherence to the outlined fiscal parameters would ultimately serve the interest of Rivers people.
The lawmakers maintained that effective implementation of the framework would promote prudent financial management and enhance developmental planning across the State.
Following the debate and positive consideration by members, the Speaker put the question to the House and members voted overwhelmingly in support of the approval of the MTEF.
Meanwhile, during the same sitting last Friday, the House also received a petition from the Chairman of Obio/Akpor Local Government Council, Dr. Gift Worlu.
The petition was presented by the member representing Obio/Akpor Constituency II, Hon. Emilia Amadi.
According to the petition, concerns were raised over an imminent security breach, threats to lives, destruction of property and alleged forceful takeover of property by some lawless persons within parts of the Local Government Area.
Presenting the petition before the House, Hon. Amadi appealed to the lawmakers to revisit the matter and take necessary steps aimed at safeguarding lives and property in the affected communities.
The House is expected to further deliberate on the petition and consider measures to address the concerns raised in order to sustain peace and security in the area.
King Onunwor
-
News2 days agoRSG Targets Nine Million Residents in Mosquito Net Distribution Campaign
-
Oil & Energy2 days agoAiyedatiwa Signs New Electricity Bill
-
Maritime2 days agoMarine Minister Commends President Tinubu On NPERA Bill Assent
-
Oil & Energy2 days agoNLNG Commissions Research And Innovation Centre In RSU
-
News2 days agoKenPoly Holds Eight Convocations, August 29
-
News2 days agoRMAFC Completes Revenue Sharing Review, Proposes New Pay
-
News2 days agoRSG Begins Another Phase of Projects Commissioning Today
-
Maritime2 days agoNAGAFF Petitions IGP Over Alleged Maritime Police Harassment
