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Atiku accuses Tinubu govt of applying double-standard on patrol subsidy policy

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*** Clarifies position on proposal to restore petrol subsidy

By Chidera Orji

Former Vice-President Atiku Abubakar has accused the Federal Government of applying a double standard in its petrol subsidy policy, alleging that petroleum companies receive generous fiscal incentives while ordinary Nigerians continue to bear the burden of rising fuel prices.

Atiku, the African Democratic Congress (ADC) presidential candidate, made the allegation in a statement issued on Sunday by his Senior Special Assistant on Public Communication, Phrank Shaibu.

He questioned the government’s decision to abolish petrol subsidies while continuing to offer tax credits, concessions and other incentives to investors in the oil and gas sector.

According to Atiku, Nigerians were told that removing the subsidy was necessary to reform the economy, but the government allegedly takes a different approach when dealing with major oil investors.

“Nigerians were told there was no alternative and that enduring this pain was the necessary price of economic reform. But when major oil investors knock on Tinubu’s door, the sermon changes,” he said.

Atiku specifically cited the Federal Government’s deep offshore oil and gas incentives framework, which he said provides eligible projects with production tax credits of between $3 and $4.50 per barrel, with additional incentives capable of taking the total benefit to as much as $11.50 per barrel under certain conditions.

He therefore questioned why government intervention was considered undesirable when aimed at helping consumers but acceptable when it benefits investors.

“So, what exactly is Tinubu’s objection: government intervention itself, or government intervention for Nigerians?” Atiku asked.

Atiku Questions ‘Subsidy-Free’ Claim
The former vice-president also challenged the Federal Government’s claim that petrol subsidy had been completely eliminated.

He referred to the audited accounts of the Nigerian National Petroleum Company Limited (NNPCL), which, according to him, recorded about N4.84 trillion in energy-security expenses and related shortfalls in 2023 and approximately N7.13 trillion in 2024.

Atiku said NNPCL had attributed part of the expenditure to the gap between the exchange rate used to determine the regulated PMS ex-coastal price and the prevailing exchange rate when import obligations were settled.

He questioned why such huge public funds were still being spent to bridge pricing gaps if Nigerians were already paying market-driven petrol prices.

“So, where exactly did the subsidy go?” Atiku asked, arguing that changing the terminology to “under-recovery”, “shortfall” or “energy security” did not change the fact that public resources were being used to cover the difference between the economic cost of petrol and its selling price.

‘We’re Not Returning to the Old Subsidy Regime’

Atiku also clarified his position on his proposal to restore petrol subsidy if elected president in 2027.

He said his proposed intervention would not amount to a return to the previous open-ended and opaque subsidy system.

Instead, he said his administration would introduce a targeted and capped programme that would be transparently budgeted and independently audited, while linking the intervention to increased domestic production.

He also proposed measures aimed at expanding refining capacity, promoting competition and improving the purchasing power of households.

“You cannot subsidise capital and criminalise relief for citizens. You cannot offer cushions upstairs and call suffering downstairs reform,” Atiku said.

The ADC candidate further called for greater transparency surrounding tax credits, remissions and other incentives granted to petroleum companies.

He demanded disclosure of the beneficiaries of such incentives, the amount of government revenue forgone and the investments delivered in return.

Atiku also argued that Nigerian investors should have equal and transparent access to similar incentives.

He maintained that the success of economic reforms should ultimately be judged by whether they improve the living standards of Nigerians rather than by the level of hardship citizens are forced to endure.

His comments come days after he said he would restore petrol subsidy if elected president in 2027.

President Bola Tinubu has, however, criticised Atiku’s position, describing the former vice-president as “ignorant of governance and the economy.”

Crime

Insecurity: Military places N30m bounty on ‘Gentle The Yahoo’

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By Our Reporter

The Joint Task Force South-East, Operation Udoka, has declared Ifeanyi Eze Okorienta, popularly known as “Gentle The Yahoo,” wanted over alleged threats to peace and security in the South-East.

The task force announced a N30 million reward for credible information that could lead to Okorienta’s arrest.

In a wanted notice issued by the military formation, Okorienta was identified as a person considered a threat to peace in the region, while residents were urged to assist security agencies with information on his whereabouts.

According to the notice, a “reward of N30,000,000” awaits anyone whose credible information leads to his capture.

The military also appealed to residents to support ongoing efforts to tackle violence and criminality across the South-East, with the message: “Give Peace a Chance.”

Members of the public who have useful information about the wanted individual were advised to contact security authorities through 193 or 0806 795 9570. The task force assured informants that they could provide information anonymously.

A photograph of Okorienta was included in the wanted notice alongside the inscription: “No Violence, No Criminality in the South East.”

The development comes against the backdrop of intensified military and security operations across the South-East aimed at tracking individuals suspected of involvement in violent and other criminal activities.

The task force further cautioned members of the public against attempting to apprehend Okorienta themselves if they encounter him.

Instead, residents were urged to promptly alert the security authorities through the designated telephone lines to enable security personnel to take appropriate action.

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Copyright commission seizes pirated books worth N7 million at Garki market

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The Nigerian Copyright Commission (NCC) has confiscated several cartons of pirated literary works with street value worth N7 million at the popular Garki market in the Federal  Capital Territory(FCT).

Mrs Ijeoma Egbunike, the commission’s   Director of Public Affairs, disclosed this in a statement on Sunday in Abuja.

According to the statement, Mr Femi Ajala, Director of Operation of NCC, who led the enforcement team, said the raid is part of the commission’s renewed campaign against piracy.

He said the  team was able to achieve its goal  with the support of armed police personnel from the FCT Command.

“Acting on credible intelligence, regarding the suspected storage and distribution of pirated books, we were able to move into the location.

“We discovered a substantial quantity of books suspected to have been reproduced and distributed without the authorisation of the respective copyright owners.

“We gained access to the store, seized and evacuated several cartons and bags of suspected infringing publications and subsequently sealed the premises,” he said.

Ajala added that the successful raid was part of NCC’s intelligence-driven approach to disrupting copyright piracy and protecting the legitimate interests of authors, publishers and other right owners.

While reiterating the commission’s zero-tolerance stance against piracy, the director of operation stressed that it remained a serious threat to Nigeria’s creative and publishing industries.

According to him, the illicit business deprives legitimate right owners of income from their works, and undermine continued investment in creativity and publishing.

“The operation was intelligence-driven. We received information about the location and acted on that intelligence.

“The volume of books recovered which worth N7 million shows the seriousness of the situation and the need for sustained enforcement,” he added.

He further explained that the commission would not relent in tracking down those involved in illegal reproduction, distribution and commercial exploitation of copyrighted works.

“The Commission will continue to disrupt piracy activities and investigate all those involved,” he said.

Ajala assured that further investigation would commence immediately to establish the ownership, source, distribution network and other circumstances surrounding the seized publications.

According to him, the investigation will be carried out with a view to identifying those responsible and ensuring that they face the full weight of the law.

He further warned pirates and other persons engaged in the commercial exploitation of copyrighted works without the requisite authorisation, that the commission would continue to deploy its enforcement operations to disrupt their activities.

He emphasised that the fight against book piracy was not merely an enforcement issue, but a critical intervention to protect Nigeria’s authors, publishers, researchers, educators and the wider creative economy.

He, therefore, urged members of the public, right owners, publishers and other stakeholders to always provide relevant information that could assist the commission in identifying and disrupting piracy networks.

According to the commission, some of the books titles seized during the raid include; ‘Purple Hibiscus’,  ‘The Magic of Thinking Big’,  ‘ ‘New General Mathematics for Senior and Junior Secondary Schools 1,2 and 3’, ‘Stan Basic Science and Technology for Primary School’,  ‘Work Book 3’,  ‘Lantern , Steps to Quantitative and Verbal Reasoning 3’.

Others included ‘Classic Basic Technology for Junior Secondary Schools 3’, ‘ Active Basic Science and Technology for Junior Secondary Schools and Work Book 2’,  ‘Queen Primer’,  ‘Royal School Series Part 1’, ‘WABP Physical and Health Education for Primary Schools 1 and 4’.

Other seized titles inluded ‘Learn Mathematics 5’; ‘New School Physics for Senior Secondary Schools’,  ‘MacMillan Champion Primary Mathematics 3 and 4’,  ‘Tonad’,  ‘Essential Commerce for Senior Secondary Schools’, among others.(NAN).

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Troops ​‌‍​‌‍‌‍⁠⁠‌‍‌⁠‍‍​‍‍‌​foil terrorists’ attack, recover arms in Sokoto

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The troops of COAS Special Intervention Battalion 7 of Sector 2, Operation FANSAN YAMMA have foiled terrorists attack and recovered high-calibre guns and motorcycles in Tangaza Local Government Area (LGA) of Sokoto State.

Lt.-Col. Olaniyi Osoba, Acting Deputy Director, Army Public Relations, 8 Division, Nigerian Army, disclosed this in a statement on Sunday in Sokoto.

Osoba said during the operation which occurred on Saturday, troops advanced through identified terrorist threat enclaves, including Manu, Alkasim and Kandam villages, as well as the Magarya Forest axis.

“Upon making contact with the terrorists within the Magarya forest enclave, troops engaged the terrorist elements with superior firepower, forcing them to abandon their positions and flee into the deep forest,” he said.

Osoba further said that troops’ follow-up operations and a thorough search of the general area led to the recovery of significant arms, ammunition and mobility assets.

“The recovered items include one PKT Machine Gun, AK-47 Rifles, large quantity of 7.62 x 54mm belted ammunition, motorcycles and assorted logistical and miscellaneous items.”

According to Osoba, troops maintain a strong operational posture and continue to dominate the general area to ensure the total security of surrounding communities.(NAN).

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