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Decision On Petrol Subsidy Removal To Come In June –NEC
The National Economic Council (NEC), yesterday, said that decision on the removal of the subsidy on petroleum will be made in June when the provision for its payment in the 2022 budget expires.
NEC said though conservation on subsidy removal has been going on it was yet to take a position on it.
The council chaired by Vice President Yemi Osinbajo met at the Conference Hall, Presidential villa, Abuja, yesterday, with the declaration that since the Nigerian National Petroleum Company (NNPC), Limited has become a limited liability company, it must be run differently.
Fielding questions while briefing State House correspondents on the outcome of the meeting, the Governor of Nasarawa State, Abdulahi Sule, said it was understandable that the provision for the payment of the subsidy is made in the 2022 budget only until June.
Sule, flanked by his Edo State counterpart, Godwin Obaseki, stated that any decision on the removal of subsidy will be taken after the budget provision runs its course in June.
Also speaking while responding to questions, Obaseki pointed out that Premium Motor Spirit (PMS), which sells for N162-165per litre in Nigeria, sells a 100percent higher in other countries.
He noted that the Federal Government was spending about N2trillion on petroleum subsidy, an amount, he said could have been used for other purposes.
According to him, the NEC, therefore, wondered whether that should be allowed to continue in a situation where he observed only two thirds of the states of the federation consume the subsidy.
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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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