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Manufacturers Send SOS To FG As Diesel Price Hits N730

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The Manufacturers Association of Nigeria (MAN) is seeking urgent intervention from the Federal Government to support the production of goods, as diesel price hits N720-730 per litre.
The Chairman, Manufacturers Association of Nigeria (MAN), Oyo, Osun, Ekiti and Ondo branches, Mr Lanre Popoola, made the appeal in Ibadan, yesterday, as the prices of petroleum products skyrocket, with electricity also not available.
“It is a difficult thing ensuring production at this time, as diesel has gone up to N720-N730 per litre.
“It is getting extremely difficult to produce and I don’t know how we are going to cope because 70per cent of industries are running on diesel, there is no light.
“There is no power supply, we are having 30per cent of what it used to be, whereas the disposable income of people is not increasing and the cost of products are going up.
“Even in my factory now, we are only running one shift instead of three shifts of eight hours each.
“Other businesses are also running limited hours on diesel as they cannot afford to use generators all day,” Popoola added.
The chairman noted that, if the situation persisted, it could lead to bigger issues that would further affect the nation’s economy and increase the hardship of Nigerians.
“The worst part is that diesel suppliers cannot agree for organisations to make a flexible payment plan such as instalments, while they deliver the products in trust.
“They cannot again supply you with diesel and allow you to pay in two weeks. It is either you do cash and carry, or pay ahead, because they too cannot predict the cost of the product.
“And I don’t blame them, imagine you bought diesel last week at N630 per litre and the next day it is sold for N730 per litre, how will you replace your stock,” he said.
Popoola stated that the way forward was for the government to come in and assist manufacturers, by giving some rebate on diesel, adding that, that was the only lifeline.
“Aside manufacturers, for transporters that are bringing food from the North or taking products to the East or Lagos, now the cost of their logistics would have doubled by 100per cent if not 200per cent.
“May be the government can come in and do a kind of palliative for us, it is either we have light 24 hours per week, to run our factories or do a palliative on diesel.
“But unfortunately, we don’t produce diesel in this country, if the refineries are working, it is a different ball game, the country would have had it better now, if the refineries are working.
“So, the more the international prices of petroleum products go up, the higher the prices of what we are going to get from them,” Popoola said.

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NASS commends FIRS for surpassing 2024 target, sets 2025 goal

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The National Assembly has lauded the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, for exceeding the 2024 revenue collection target of N19.4 trillion.

FIRS generated N21.6 trillion, surpassing the target by N2.2 trillion.

The commendation came during a meeting on Wednesday in Abuja, where the FIRS chairman appeared before the joint committee on Finance to defend the service’s revenue projections for 2025.

The committee proposed a N25 trillion revenue generation target for FIRS in the coming fiscal year.

Deputy Chairman of the House of Representatives Committee on Finance, Saidu Abdullahi, was the first to commend Adedeji’s performance, calling it “unprecedented” and “worthy of commendation.”

“The feat achieved by FIRS in revenue collection for 2024 was unprecedented and truly commendable.

“Surpassing the target set for the agency in the 2024 Appropriation Act, from N19.4 trillion to N21.6 trillion, is both encouraging and impressive,” he said.

He encouraged the FIRS to study the tax collection methods of South Africa, which generated higher tax revenue, and to focus on expanding the taxable base to include more informal sector workers.

Sen. Joel Onowakpo emphasised that tax collection was a global norm, and advised the committee to raise FIRS’s projected 2025 revenue target to N30 trillion.

Similarly, Sen. Binos Yeroe lauded Adedeji’s innovative approach in surpassing the 2024 target.

“Your performance in 2024 was highly commendable, and I hope you continue to maintain this level of success,” he said.

Rep. Etanabene Benedict suggested aiming for N60 trillion in 2025 to avoid borrowing.

Committee chairmen also supported the proposed N25 trillion revenue goal for 2025; with Sen. Sani Musa stating that it was both “achievable and surpassable.”

 

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Abbas, Kalu express grief over Deputy Chief Whip, Onanuga’s death

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Speaker of House of Representatives, Tajudeen Abbas, has expressed deep grief over the demise of the Deputy Chief Whip of the house, Rep. Adewunmi Onanuga.

In a statement on yesterday, Abbas described the late lawmaker as a strong pillar who would be sorely missed in the house.

The Tide source reports that Onanuga, who died on Wednesday, represented Ikenne/Sagamu/Remo North Federal Constituency and was serving her second term in the house.

Abbas said that he had led members of the house in support and prayers for Onanuga during her health challenge and was hopeful of her recovery, saying that her eventual death was painful.

He recalled Onanuga’s campaigns for gender equality, women empowerment and inclusion in politics and governance, as Chairman, House Committee on Women Affairs and Social Welfare in the Ninth House and as a principal officer in the 10th House.

Abbas also recalled how the late lawmaker, as the only female member in the leadership of the house, inspired and rallied female legislators for the greater good of the chamber and the country in general.

“Onanuga was a brilliant woman, experienced politician, resourceful lawmaker and a dependable ally in the legislative business,” he said.

Abbas commiserated with the Onanuga family and her constituents, the people and the government of Ogun as well as the All Progressives Congress (APC) on the demise of the legislator.

Also, the Deputy Speaker, House of Representatives, Rep. Benjamin Kalu, expressed sadness over Onanuga’s death.

Kalu described the deceased as a shining example of dedication, compassion and selfless lawmaker whose service to her constituents and the nation was outstanding.

He acknowledged her support for the Peace In South East Project (PISE-P), which demonstrated her passion for defeating insecurity in Nigeria.

“Onanuga was a dedicated and committed lawmaker, renowned for her unwavering commitment to peace.

“Her passion for promoting harmony and understanding was truly commendable. Beyond her legislative accomplishments, Onanuga’s compassion, humility and simplicity inspired countless individuals.

“Her warm and infectious smile, coupled with her empathetic nature, endeared her to everyone she met, making her a beloved figure in the lives of many,” he said.

Kalu said that Onanuga would be remembered for her commitment to the cause of women’s empowerment and political inclusion as well as her relentless efforts toward ensuring that the gender bills were passed.

The deputy speaker extended his heartfelt condolences to the Onanuga family, her colleagues and constituents, saying that she would be greatly missed.

He prayed for the peaceful repose of the soul of the late lawmaker and the fortitude to bear the loss.

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Rotary Foundation commits $300m to polio eradication in Nigeria

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The Rotary International Foundation says it has committed over 300 million dollars to polio eradication in Nigeria.

Its Chairman, Board of Trustees, Mark Maloney, disclosed this on Thursday while conducting polio immunisation at a Primary Healthcare Centre in Jahi, Abuja.

According to him, polio eradication is Rotary’s number one priority worldwide and it is focused on eradicating the variant type two poliovirus cases discovered in 2024.

Maloney said efforts towards eradicating the polio variant should be intensified, adding that recording success in that area would be beneficial to the Nigerian government.

He also commended the Federal Government’s polio accountability programme as well as all Rotarians for their efforts in putting an end to the disease.

“The Nigerian government is facing a significant challenge with the continuation of variant polio type two, and so far, we have seen about 92 cases through the cases that have been evaluated in 2024.

“We encourage the government to redouble their efforts to put the focus on this polio eradication as they did with the Wild Polio Virus (WPV), and they were successful.”

On new donations to Nigeria, Maloney said that Rotary would allocate some funds in 2025, but the amount was yet to be determined.

“There are 50 million dollars that I expect will be allocated, but a lot of it has to go to Pakistan and Afghanistan, where WPV is still endemic.

“Though, I think there will be a significant tranche of funds, maybe not tens of millions, but a significant amount of money will be allocated to Nigeria,” he added.

The chairman noted that the organisation has allocated two million dollars to its Programme of Scale project aimed at reducing the rate of birth-related mortality in Nigeria.

“What we are looking to do is to decrease the rate of mortality in births in this country, and it is operating now in several districts.

“One way that the mortality rate can be decreased is for more births to happen in a healthcare facility rather than at home.

“We have seen in the first year of the programme a significant increase in the percentages of births happening in medical facilities.

“One district had gone from 11 per cent happening in medical facilities to 33 per cent, which is a significant increase,” he added.

The Chairman of the organisation’s Nigeria National Polio Plus Committee, Mr Joshua Hassan, said outbreak immunisation efforts are conducted locally in response to the vaccine-derived variant of polio.

Hassan said national immunisation days are planned twice a year for the entire country.

According to him, the organisation is focusing more of its efforts on Kano, Zamfara, Katsina, Kebbi, and Sokoto states.

Prof. Emmanuel Lufadeju, the National Coordinator of Together for Healthy Families in Nigeria, said that the Programme of Scale project was designed to reduce maternal mortality among women by 25 per cent.

Lufadeju said that this is done through community dialogue, home outreaches, medical outreaches, and capacity building.

“We are going to train a lot of people, including doctors and nurses.

“Then we are going to do something that is called a social, behavioural change, to change the attitude of people and make them deliver in the facility instead of delivering at home.”

He added that the two million dollar project, which began in 2024, is expected to end in 2025.

The Tide source reports that Maloney is in Nigeria for an official visit to embark on advocacy, carry out symbolic immunisation, visit the Programme of Scale project areas, and also visit President Bola Tinubu.

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