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Why we decided not to remove fuel subsidy yet – Buhari

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President Muhamamdu Buhari has explained why his administration decided to keep paying fuel subsidies.

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In an interview with Bloomberg, Buhari stated that the effects of removing fuel subsidies would have been too harsh on Nigerians.

The President also said they were working on boosting local capacity in order to stem the inflationary pressures.

Buhari claimed that most western countries are implementing fuel subsidies and added that “what is good for the goose is good for the gander”.

According to him, “My government set in motion plans to remove the subsidy late last year. After further consultation with stakeholders, and as events unfolded this year, such a move became increasingly untenable.

“Boosting internal production for refined products shall also help. Capacity is due to step up markedly later this year and next, as private players and modular refineries come on board.”

Buhari also explained that the exchange rate is very much “susceptible to external shocks that can suddenly and severely affect Nigerians”, but added that “as we step up domestic production – both in fuel and food – the inflationary threat shall diminish, and we can move toward unification.”

There is currently fuel scarcity in Lagos and other parts of the country.

Consumers are spending as high as N300/litre to buy the product in the black market.

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Politics

Cracks in APC as 20 senators plan to defect to PDP, NNPP others

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No fewer than 20 senators are set to dump the ruling All Progressives Congress (APC) for the Peoples Democratic Party (PDP) and other political parties.

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The ruling party, which had earlier lost over 10 senators to the opposition parties is troubled by the wave of defection as more lawmakers that lost their return tickets to the National Assembly during the party primaries are set to leave the party.

On Wednesday, June 22, 2022, Senator Dauda Haliru Jika representing Bauchi Central, announced his defection to the New Nigeria Peoples Party (NNPP).

Worried by the wave of defection in the party, the National Chairman of the APC, Abdullahi Adamu, met with the APC senators behind closed doors at the National Assembly complex, Abuja yesterday.

Speaking to journalists after the meeting, Adamu admitted that the APC is worried about the development.

The meeting with the senators was most fruitful. The issue of defection is an unfortunate development when it happens but this is a season where there are all sorts of behaviour in the political space and ours is not an exception.

“In every election year, this kind of thing gives cause for stakeholders to sneeze and Nigeria is not an exception so is the APC, not an exception. I don’t care about what is happening in other parties, my focus is on the APC. But we all know that the occurrence is not only happening in the APC, it’s happening across other political parties too. And because we are the ruling party, our problems are exaggerated before the public.

“There is no responsible leader that would not be worried when he loses one member not to talk of two. At the moment we are faced with the stark reality of our problems. I have committed my colleagues at the National Assembly to face the problem squarely and see the problem as solvable. We are in politics, I don’t know what would happen tomorrow, and nobody does,” he said.

According to Punch, a source in the National Assembly disclosed that not lesser than 20 senators are planning to leave the APC within the next week.

“The party chairman came to have a meeting with the APC senators because he said that they learnt through intelligence that not lesser than 20 more senators were planning to defect to other parties within the next one week.

“The chairman asked each of the aggrieved senators to lay bare their grievances which we all did one after the other. Having heard our problems, the chairman instructed that we put them into writing,” the source said.

The lawmaker said during Adamu’s meeting with them, the party chairman asked the senators to put their complaints into writing and promised to address all issues raised.

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Bala Mohammed meets Nyesom Wike in Port Harcourt [Photos]

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Bauchi State Governor, Bala Mohammed, has held a closed-door meeting with his Rivers State counterpart, Gov. Nyesom Wike.

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The National Vice Chairman of the PDP, South-South Dan Orbih was also part of the meeting.

The meeting with Bala Mohammed came after pictures of the Presidential candidate of the Labour party, Peter Obi meeting with Wike in his country home emerged online.

Obi says his visit to Governor Nyesom Wike of Rivers State was for the duo to discuss vital national issues.

Earlier today, I visited Port Harcourt, to confer with H.E. @GovWike on vital issues of national interest,” Obi’s tweet, shared alongside photos of him and the Rivers leader, read.

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Politics

Peter Obi explains why he visited Wike

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Peter Obi, the Presidential candidate of the Labour Party says he visited Governor Nyesom Wike of Rivers State to discuss vital issues of national interest with him.

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Obi’s visit to Wike in Port Harcourt on Wednesday, June 22, 2022, sparked a conversation on social media as many believe the meeting was about the forthcoming 2023 elections.

But hours after the meeting, the former governor Anambra took to Twitter to explain the reason he held a meeting with Wike behind closed doors.

“Earlier today, I visited Port Harcourt, to confer with H.E. @GovWike on vital issues of national interest,” Obi tweeted.

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