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Subsidy Removal’ll Worsen Nigerians’ Suffering, PFN Tells FG
The Pentecostal Fellowship of Nigeria (PFN) has told the Federal Government that removing fuel subsidy would worsen the suffering of the majority of Nigerians who are already impoverished.
The President of PFN, Bishop Wale Oke, urged the government to shelve the proposed policy in order not to worsen the hardship and trigger crisis in the country.
Oke said this in a statement, yesterday, on the proposed subsidy removal.
He explained that the implementation of the policy would lead to hike in the price of fuel and this would have a ripple effect on prices of goods and services
Oke warned that the implementation of such policy would increase the hardship currently being experienced by the people of the country.
The cleric said prices of foodstuffs and other daily needs were increasingly going out of reach of the people, noting that if the proposed subsidy removal was effected, it would exacerbate the hardship of the people of the nation.
Oke further said the situation in the country was very bad because of the steady decline in the purchasing power of Nigerians as a result of the continuous fall in the value of the nation’s currency.
The statement read, “Everybody will feel it, particularly the less privileged. The negative effects will surely outweigh the positive.
“The cost of transportation for human and goods across the country will skyrocket and other things connected which will have a spiral effect on general living standard of the populace; the suffering will be multi-dimensional. Please let all stakeholders be sensitive to this avoidable path and do the needful.
“By whatever means, let the Federal Government put its heart into ensuring that our refineries are back to life. In addition, in order to stem the rising cost of living, farmers and others connected to them should be encouraged. This is what can help our economy.”
He said the PFN would always support policies that would enhance good governance, but charged the government to this effect to put in place tangible palliative measures that could ameliorate the hardship being experienced.
He said, “Without begging the issue, there should be well defined palliative measures in place that can cushion the effect of the hardship being experienced by Nigerians, especially the commoners. One is not talking about political palliatives that never last. We have seen enough of such.
“An increase in the price of petroleum from its present N165 to N340 per litre can trigger tension and crises in the country which in turn can paralyse our economy if not handled with utmost care.
“Again, the planned introduction of N5,000 for 40million poor Nigerians is to create a cesspool of corruption. How do you define the poor? They, mostly, don’t use telephones. They, mostly, don’t have bank accounts. How will the money get to them?”
Oke advised the government to be wary of policies that could jeopardize the conduct of the 2023 general elections, insisting that all hands must be geared towards steering the wheel of the country to safety.
As a panacea to the rising cost of food items, the PFN President advised that farmers and relevant stakeholders should be empowered with relevant tools and funds through loans with little interest.
Oke, who is also the presiding Bishop of The Sword of the Spirit Ministries, implored the government not to relent in its efforts at ensuring that security challenges in the country become a thing of the past.
Similarly, the Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has warned President Muhammadu Buhari against the proposed fuel subsidy removal.
In a statement released by his media aide, Osho Oluwatosin, Ayodele warned the government to withhold plans to remove fuel subsidy in the interest of the poor masses because a lot of things would be affected by it.
He made it known that the Nigerian economy isn’t in good shape at the moment and removing subsidy at a critical economic situation would cause more damage than good for the Nigerian economy.
He noted that some banks, companies would be affected and that the debt profile of the country would keep on increasing unless the government swings into action.
Furthermore, he warned Buhari not to be carried away by wrong advice because it would lead his government to nowhere.
‘’The removal of fuel subsidies at a time like this is not advisable because the economy of Nigeria isn’t in good shape. Already, the people are faced with enough hardship and removal of fuel subsidy will only worsen the situation.
‘’When the report came up last week that the government will be replacing subsidy with N5,000 transportation grant for 40million poor Nigerians, I smiled because that plan is not sustainable, there is no provision for it in the 2022 budget, then what’s the plan?
‘’I have said it before that I foresee a massive protest against hunger which will involve everyone in the country, the government doesn’t have to wait till this happens, that’s why I warned them ahead, but the path they are toiling right now is moving towards the direction of the protest. They have gotten it wrong and a time will come when political leaders will regret their positions because there will be attacks against them from everywhere by those who elected them.
‘’I advise the Federal Government to hold on with the plans to remove subsidy for the sake of the masses and for peace to reign in the country. If not, there will be an uprising,’’ he said.
Meanwhile, the Archbishop of the Enugu Ecclesiastical Province, Church of Nigeria, Anglican Communion, Most Rev. Emmanuel Chukwuma has asked the Federal Government to jettison the idea of paying N5,000 palliative to 40million Nigerians.
The government said the decision was to cushion the effect of the planned removal of fuel subsidy.
But Chukwuma, who rejected the removal of subsidy, described the proposed N5,000 palliative “as a huge disgrace.”
He said this during a press conference on the activities lined up for the 50th Anniversary of the Enugu Diocese, Anglican Communion.
While noting that the Enugu Diocese was concerned about the level of governance of Nigeria, he added that “we are also concerned about peace and the unity of Nigeria, as well as infrastructural development.”
He called on the government “to be sensitive about the situation of Nigeria; we frown against the killings, the banditry, the kidnappings, inequality, injustice and all the evils.
“Of late, we can see how ‘Mkpuru Mmiri’ is destroying our youths, it is highly condemnable. We are calling on our youths to please avoid this so that they don’t get their heads out of order. This is not how they will become future leaders.
“Right now, I want to say that the government of Nigeria has not treated the South-East fairly; particularly now that we are getting into the yuletide, Enugu-Onitsha Expressway is a total disaster, Enugu-Port Harcourt they are putting it to use but it is not yet complete.
“We are calling on the minister of works to stop playing pranks and politics with the roads in the South-East. Rail transport should also be extended to the South-East; we see no reason the minister of transport should neglect his own zone.
“It is important for our government to know that most youths are angry; they are angry because they are hungry. I just heard about giving N5,000 to 50million Nigerians, it is a disgrace. It will not bring any positives on our people. We are also frowning at galloping inflation.
“Our naira is becoming useless and something must be done about it. E-naira or whatever is not the solution at all.”
He also called on the residents of South-East not to toy with the on-going voter’s registration exercise, stressing that “these things count; South-East should stop shortchanging themselves; that’s the only way they will have a say in 2023.”
On the church’s anniversary, Chukwuma disclosed that, “It became a Diocese in August, 1970; exactly last year August, Enugu became 50 years of its inauguration with the first Bishop, Rt. Rev. Gideon Nweke Otubelu. By the grace of God, he championed the course of Enugu Diocese for 27 years.
“Last year, when it became 50 years of Enugu’s inauguration as a Diocese, we could not celebrate because of COVID; we had to shift it to this year.
“Right now, we have mapped out a one-week anniversary programme to celebrate the 50 years of Enugu Diocese. We started with a crusade which is going to last till Sunday and we have decided that from last week of this month, we will have activities from church to church, and rally, and then end it up with thanksgiving service on the 5th of December at the Cathedral Church of the Good Shepherd.
“More importantly, the two days out of it all are the 4th and the 5th of December. On the 4th, we shall be having a rally at the Christ Church field, where all the churches will assemble to have a rally for the 50th anniversary and they are going to march, church by church, archdeaconry by archdeaconry and so on.
“There, we will also have a dedication anniversary of the diagnostic centre of our hospital at the Good Shepherd Specialist Hospital, Uwani, Zik Avenue. The diagnostic centre is necessary to complement the hospital because we believe in health care, we believe in mission; on that same 12th, we are also going to dedicate a building built by the women at the Brethren Home Convent.
“Then on the 5th of December, which is Sunday, will be thanksgiving day, during which all the churches in the diocese and the dioceses created out of Enugu, 11 of them will also participate. Enugu has given birth to 11 Dioceses, with Enugu making it 12, forming what is now the ecclesiastical province of Enugu, for which I’m the Archbishop. We have the Nsukka Diocese, Abakaliki, Oji-River, Enugu North, Awgu-Aninri, Nike, Mgbo, Afikpo, Udi and Eha-Amufu Dioceses.
“Enugu Diocese is out to execute pragmatic evangelism; Enugu Diocese is out to make sure that we care for the poor, the less privileged, the widows, orphans and those who are displaced.”
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Rivers: Impeachment Moves Against Fubara, Deputy Hits Rock …As CJ Declines Setting Up Panel
The impeachment moves against Rivers State Governor, Sir Siminialayi Fubara, and his deputy, Prof. Ngozi Ordu, by the Rivers State House of Assembly has suffered a setback following the refusal by the State Chief Judge, Hon. Justice Simeon C. Amadi, to set up a seven-man investigate panel to probe the governor and his deputy.
Justice Amadi hinged his decision on subsisting interim court injunctions and pending appeals.
Recall that the Assembly members had earlier requested the Chief Judge to set up a seven-man investigative panel to probe allegations of gross misconduct against Fubara and his deputy.
In a letter dated January 20, 2026, and addressed to the Speaker of the Rivers State House of Assembly, Rt. Hon Martins Amaewhule, the Chief Judge acknowledged receipt of two separate letters from the Assembly, both dated January 16, 2026, requesting the constitution of an investigative panel pursuant to Section 188(5) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).
However, the State Chief Judge explained that his hands were tied by ongoing judicial proceedings directly connected to the impeachment process.
He disclosed that his office had been served with interim injunctions issued on January 16, 2026, arising from two separate suits challenging the actions of the House of Assembly.
The suits include Suit No. OYHC/6/CS/2026, filed by the Deputy Governor against the Speaker and 32 others, and Suit No. OYHC/7/CS/2026, instituted by Governor Fubara against the Speaker and 32 others.
According to him, the interim injunctions expressly restrain him from “receiving, forwarding, considering and or howsoever acting on any request, resolution, articles of impeachment or other documents or communication from the 1st -27th and 31st Defendants for the purpose of constituting a panel to investigate the purported allegations of misconduct against the Claimant/Applicant for seven days.”
Justice Amadi stressed that obedience to court orders is non-negotiable in a constitutional democracy, regardless of personal opinions about such orders.
“Constitutionalism and the Rule of Law are the bedrock of democracy and all persons and authorities are expected to obey subsisting orders of court of competent jurisdiction, irrespective of perception of its regularity or otherwise,” he stated.
To further underscore his position, the Chief Judge cited judicial precedent, referring to the case of Hon. Dele Abiodun v. The Hon. Chief Judge of Kwara State & 3 Ors. (2007), in which the Chief Judge of Kwara State was faulted for proceeding to constitute a panel despite a subsisting court order restraining such action.
Quoting directly from the judgment, Justice Amadi recalled: “I liken the scenario created by the Chief Judge to the position of a chief priest and custodian of an oracle turning round to desecrate the oracle,” a passage he said highlights the sacred duty of judicial officers to uphold the law.
He added that the judiciary, as “the custodian and head of the judicial arm of the State, ought to abide by the laws of the State, nay the land…”
He further noted that the Rivers State House of Assembly had already filed appeals against the interim injunctions at the Court of Appeal, Port Harcourt Division, with notices of appeal served on January 19 and 20, 2026.
“In view of the foregoing, my hand is fettered, as there are subsisting interim orders of injunction and appeal against the said orders.
“I am therefore legally disabled at this point, from exercising my duties under Section 188(5) of the Constitution in the instant,” the Chief Judge declared.
He concluded by expressing hope that “the Rt. Hon. Speaker and the Honourable Members of the Rivers State House of Assembly will be magnanimous enough to appreciate the legal position of the matter.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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