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PDP Advises FG Against Fuel Hike

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The Peoples Democratic Party (PDP) has advised the Federal Government against hike in fuel price.
    The party in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, in Abuja said any contemplation to increase pump price of petrol to N212 would worsen the economic and social situations of Nigerians.
This was in reaction to a debunked  report that the Petroleum Products Pricing Regulation Agency (PPPRA) on Thursday night released a template that a litre of fuel would now be sold for prices ranging from N209 to N212 per litre for March.
Ologbondiyan said that the N212 per liter reportedly contemplated in the March pricing template was not in the best interest of Nigerians.
“It is a barefaced fact that there is no way that Nigerians can survive such hike in fuel price, which will worsen the already agonizing economic situation in the country.
“Our party maintains that with an honest and transparent administration of our national production capacity and potentialities, domestic price of fuel should not exceed N70 per liter.”
Ologbondiyan said any increase in fuel price would be unacceptable with over 100 million citizens living in abject poverty, 23 per cent unemployment rate and many more living below N500 a day.
He advised government to save the nation by ending every contemplation of fuel price increase, particularly at the time Nigerians were expecting a downward review in prices.
The Federal Government had assured Nigerians that there would be no increment in the pump price of petroleum until conclusion of consultation with Organised Labour.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, gave the assurance while addressing newsmen on Friday in Lagos on alleged increased to N212.61 per litre.
He said: “Irrespective of the source of that information, I want to assure you that it is completely untrue.
“Neither Mr President who is the Minister of Petroleum Resources nor myself who deputise for him as minister of state has approved that petrol price should be increased by one naira.
“I therefore urge you to disregard this misleading information.”
On his part, Alhaji Suleiman Yakubu, National Public Relations, Independent Petroleum Marketers Association of Nigeria (IPMAN), advised the public to stop panic buying, saying there was enough stock and the price has not changed.
Yakubu urged people to ignore the rumours going the rounds, while advising all their marketers to continue selling at the official price.
Also, the Petroleum Products Pricing Regulation Agency (PPPRA) said the March guiding prices posted on its website did not translate to increase in the pump price of Premium Motor Spirit (PMS) also known as petrol.
The PPPRA Executive Secretary, Abdulkadir Saidu, in a statement on Friday, said the attention of the PPPRA has been drawn to speculations about the increased pump price of PMS.
“The PPPRA by this release wishes to state clearly that the guiding prices posted on our website was only indicative of current market trends and do not translate to any increase in pump price of PMS.
“However, publications by the media to this effect have been misconstrued and thus misleading,’’ he said.
He said that the introduction of the market-based pricing regime for PMS Regulation 2020 was gazetted by the Federal Government.
According to him, based on this regulation, prices are expected to be determined by market realities in line with the dictates of market forces.
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UI Professor Emerges PDP Chairman In Oyo

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A professor in the department of Food Technology, University of Ibadan, Prof. Abdulrahman Akinoso, has emerged the Oyo State Chairman of Peoples Democratic Party, PDP, faction loyal to the Minister of the Federal Capital Territory (FCT), Chief Nyesom Wike.

The Tide source reports that Prof. Akinoso was elected alongside 38 other executive members of the party at the congress held on Saturday.

Other executive members are Dr Abiola Olaonipekun, who emerged as Secretary, Alhaja Latifah Latifu, Women Leader and Mr A. Adeleke, elected as Youth Leader.

It was learnt that the congress, which took place at the Obafemi Awolowo Stadium, Oke Ado in Ibadan, was attended by representatives of the Independent National Electoral Commission (INEC), the Police, other security agencies and prominent members of the party.

The election was supervised by electoral committee members, among whom were Prince Diran Odeyemi, who served as Chairman, Hon. Awoniyi Tolulope, Mr Babatunde Gbadamosi, Queen Stepheine Oyechere, Alhaji Yusuf Abidakun, Mr Olumide Aguda and Dr Phillips Adeniyi, who served as Secretary.

Prof. Akinoso, in his inaugural address, urged members of the party to set aside intra-party differences.

He advised them to concentrate their resources on the promotion of the party, saying, “The primary responsibilities of party executive members are to coordinate party activities, ensure harmony among members, and ensure party victory during general elections.

“Our immediate assignments are to key into INEC released 2027 general election time-tables. As directed by the National Caretaker Committee of PDP, our party e-membership registration starts next week. We must be fully involved and do a membership drive.

“A political party is only relevant and benefits its members if it wins the election. This is our goal. We should set aside intra-party differences; concentrate our resources towards the promotion of the party. We will make necessary consultations and dialogue to actualise this”.

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I Was Stubborn At The Beginning Of My Govt – Tinubu

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President Bola Tinubu has disclosed that he was a little bit stubborn at the beginning of his administration.

President Tinubu disclosed this during an interfaith breaking of fast with senior journalists and media executives at the Presidential Villa in Abuja on Saturday.

He also disclosed that his administration had opened up on the principles of true federalism to the extent that local governments now get direct allocation from the Federal Government.

“There’s no morning that I ever leave my house without going through the newspapers. It’s an addiction. I read all of you.

“It might not be in full detail, but headline, the one that would hit me and the ones that won’t.

“At the beginning of this administration, I was just a little bit stubborn, looking at opportunities to correct things and make life more easier for the downtrodden.

“We’ve opened up the principle of federalism to the extent that local governments are now getting their money, but how they use it is in your hands. So, don’t bombard me alone,” President Tinubu said.

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You’re Misleading Nigerians, APC Slams ADC Over Poverty Rate Report

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The All Progressives Congress (APC) has accused the African Democratic Congress (ADC) of politicising a recent report on Nigeria’s poverty rate, describing the opposition party’s claims as misleading and lacking in policy alternatives.

The ruling party said the ADC had turned criticism of the APC-led administration into its operating manifesto instead of presenting concrete solutions to Nigeria’s economic challenges.

In a statement issued on Saturday by the APC National Publicity Secretary, Mr Felix Morka, the party dismissed the ADC’s interpretation of a report presented at a policy dialogue organised by Agora Policy which suggested that the country’s poverty rate had risen from 49 per cent to 63 per cent.

Mr Morka said the opposition party’s reaction to the report as a “damning verdict” on the government’s economic policies reflected either ignorance of economic realities or deliberate political mischief.

“The African Democratic Congress’ attempt to spin a recent report presented at the Agora Policy dialogue indicating a rise of poverty rate of 63 per cent from 49 per cent as a damning verdict on this administration’s economic policies speaks either to its shocking ignorance of economic policy or its wilful blindness to the justification for, and transformative impacts of, ongoing economic reforms,” he said.

The APC spokesman noted that the report itself recognised the necessity of reforms aimed at correcting long-standing structural distortions in the economy.

According to him, the ADC had failed to present any credible alternative policy direction for Nigerians.

“Clearly, the ADC does not recognise itself as a political party. The ADC has not articulated a single alternative policy position or prescription of benefit to Nigerians. Condemning the APC and its policies has become its operating manifesto,” Mr Morka said.

He explained that major economic decisions taken by President Bola Tinubu, including the removal of fuel subsidy and the unification of multiple foreign exchange windows, were necessary steps to rescue the country’s economy from collapse.

Mr Morka said the subsidy regime had for years placed a heavy burden on public finances, consuming trillions of naira annually while encouraging corruption, fuel smuggling and inefficiencies in the system.

He added that the reforms had helped redirect national resources to key sectors such as infrastructure, healthcare, education and social development.

The APC spokesman acknowledged that economic reforms often come with short-term hardship but stressed that the measures were essential to build a stronger and more resilient economy.

“Economic reform is never cost-free anywhere in the world. The transient hardship experienced by Nigerians was an inevitable cost of reforms meant to build and guarantee a better future for all Nigerians,” he said.

Mr Morka maintained that the country’s economic outlook was already improving, citing recent growth figures and stronger external reserves.

“Our economy has rebounded and is expanding steadily. The country’s Gross Domestic Product grew by 4.4 per cent last year and is projected to expand by 5.5 per cent this fiscal year, with foreign reserves now exceeding $50 billion,” he stated.

He also pointed to government initiatives designed to cushion the effects of economic adjustments on citizens, including cash transfer programmes, student loan schemes and the rollout of compressed natural gas (CNG) initiatives to reduce transportation costs.

Mr Morka reaffirmed that the APC-led administration would remain focused on rebuilding the economy and expanding social investments to support vulnerable Nigerians.

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