Showing posts with label Fuel Subsidy Nigeria. Show all posts
Showing posts with label Fuel Subsidy Nigeria. Show all posts

Thursday, May 12, 2016

Petrol Price Increment: FG Insensitive To Nigerians’ Plight – Fayose

PRESS RELEASE 

Ekiti State Governor, Mr Ayodele Fayose, has condemned the increment from N86.50 to N145 of Premium Motor Spirit (PMS) otherwise known as petrol, describing it as insensitive and demonstration of the level of hatred the President Mohammadu Buhari led All Progressives Congress (APC) government has for Nigerians.
*Gov Ayo Fayose 

The governor, who said the over 70 per cent increment was another vindication of his predictions on what to expect in 2016, added that it was now clear that the scarcity of petrol being experienced in the last three months was deliberately orchestrated by the federal government to pave way for the already conceived increment.

According to his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose said “Nigerians are now left at the mercy of political liars who took over power by deception and are governing by deceit.”

He said he was waiting for the reaction of those who took to the streets to protest when fuel subsidy was removed by the Dr Goodluck Jonathan administration in 2012, urging labour unions in the country to stand by their members always, not minding the political party in government.

He said: “When they were seeking for votes from Nigerians, they promised to reduce petrol pump price to from N87 to N45 per litre, they promised to create three million jobs per year, they said $1 will be equal to N1 and above all, they promised to pay unemployed youths N5, 000 stipend and provide one meal a day to pupils nationwide.

“Instead of fulfilling their promises, they have increased petrol pump price to N145 per litre, increased electricity tariffs, retrenched thousands of workers and imposed untold hardships on Nigerians.

“As they did in 2012, if labour leaders do not also stand up for the people at this time, posterity will not forgive them.”


Saturday, January 28, 2012

The Return of Ngozi Okonjo-Iweala

By Ugochukwu Ejinkeonye
When President Goodluck Jonathan appointed Dr. (Mrs.) Ngozi Okonjo-Iweala Finance Minister and also named her the “Coordinating Minister of the Economy (CME),” I was greatly surprised that several Nigerians appeared to share the president’s rather lofty expectations that she was coming with fresh, workable ideas to turn the country’s ailing economy around.
*Dr. (Mrs.) Ngozi Okonjo-Iweala, Nigeria's Minister of Finance
and Coordinating Minister of the 
Economy (CME)






















If it were in 2003 when most Nigerians who were encountering her for the first time were unduly tantalized by the then President Olusegun Obasanjo’s lavish stress on her impressive credentials as a brilliant World Bank expert who had accepted to make the “great sacrifice” of coming here to salvage our country’s economy, their naivety and misplaced enthusiasm could easily have been forgiven.  
But what would ever remain inconceivable is how any person or group of persons could stretch optimism far beyond its malleable limits to invest such high hopes in the capabilities of a person who had served as finance minister and head of the Economic Team in a regime under which unprecedented earnings from crude oil exports had translated to further deterioration of the economy and untold suffering among the populace.