Naija News
Subsidy Removal A Tough Decision, Says Presidency
The Presidency on Sunday admitted that it was a tough decision for President Muhammadu Buhari to remove subsidy on petrol but it was in the overall interest of the country.
Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, in a statement said that the administration has worked hard to meet many expectations but there are still certain tough decisions which had to be taken to put back the country on the path of sustainable development
Click To Watch Our YouTube Videos;
“Five years on, the administration has worked hard to meet many expectations, but still, there are certain tough decisions which had to be taken to put back the country on the path of sustainable development.
“To stop the mismanagement of taxpayer money, eliminate corruption associated with subsidies on petroleum products, power, fertilizer among others, the administration took the decision to implement long-delayed reforms, withdraw and allow the market to determine their prices.
“Subsidy removal in these sectors had long been foreseen by successive administrations as game changers in search of solutions to move forward with the nation’s development. These are reforms that are necessary and overdue. Blueprint upon blueprint, timeline upon timeline had come and gone but courage to take bold decisions was not there,’’ he said.
In a reaction to last week’s increase in the petrol and the hike in electricity tariff by Power Distribution Companies (DisCos), it also called for support and understanding of opposition parties, the Labour movement and civil society groups.
You Can Also Read:
Maize Farmers To FG | End Insecurity To Improve Farming And Food Production
President Buhari Plans of Making Nigeria the Most Beautiful Place
President Buhari Swears in 12 Permanent Secretaries
Israel approves equipment to boost Nigeria’s war against Coronavirus Pandemic
Kogi state governor, Yahaya Bello, has approved the implementation of N30,000 as minimum wage for the workers in the state.
The secretary to the state government, Folashade Ayoade disclosed this on Tuesday after an extensive meeting with the organized labour in Lokoja
She blamed the delay in the implementation on the inability for the committee to meet regularly due to the covid-19 pandemic which has been overcome.
The SSG equally commended the organised labour for their understanding and patience, which she said has resulted into the signing of the implementation of the new minimum wage.
Read Also: FCTA Set to Implement Minimum Wage for FCT Workers
Author: Eunice Johnson, Abuja
The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme.
Emefiele said the time had come for the banks to go out there and source for forex by funding entrepreneurs with ideas. The CBN, Emefiele said, will support the banks by granting rebates and other support until the banks find their feet in sourcing their forex by themselves.
He also disclosed that the apex bank’s policies and measures have led to a significant improvement in diaspora inflow from an average of US$6 million per week in December 2020 to an average of over US$100 million per week by January 2022. He added that the CBN would be reviewing these intervention programmes going forward to ensure that they continue to achieve the desired results.
He said international bodies, including some embassies and donor agencies, have been complicit in illegal forex transactions that have hindered the flow of foreign exchange into the country.
Read Also: CBN Encourages Nigerians to Accept E-Naira
Author: Gift Wada, Abuja
The Comptroller General of Customs Col. Hameed Ibrahim Ali (Rtd.) has approved the deployment of 37 Comptrollers to various Units, Departments and Commands across the country.
This was disclosed in a release signed on Tuesday by the Customs Deputy National, DC Timi Bomodi for the Comptroller General of Customs.
Among those deployed are the present National PRO of Customs Comptroller Joseph Attah who will assume the office of Area Controller of Kebbi Command, Comptroller AAS Oloyede who shall be moving from ICT/MOD to Tin Can Island Port Command, while Comptroller SI Bomoi to FCT Command. Other postings are Comptroller BA Jaiyeoba to Oyo/Osun Command, Comptroller A Dappa-Williams to Eastern Marine Command, Compt. MA Umar Kano/Jigawa, Compt. KC Egwuh ICT/MOD, Compt. LM Mark Enugu/Anambra/Ebonyi, Compt. T Tachio CTC Kano, Compt. AA Umar Western Marine, Compt. M Dansakwa North Eastern Marine, Compt. AC Ayalogu T & T and Compt. KD Ilesanmi will assume duty as Comptroller Board among others.
Ali in postings released on 7th of February, charged the newly posted Comptrollers to justify the confidence reposed in them by NCS Management by bringing to bear their years of experience and training in trade facilitation and anti-smuggling activities on their new assignment.
Given the enormous expectations of government regarding revenue generation in the current year, the Comptroller General reiterated the need for all Area Controllers and Unit heads to take full charge of the affairs of their Commands by ensuring absolute compliance with extant fiscal policies while leveraging on the efficient management of data to optimize trade facilitation and revenue collection.
Furthermore, the CGC directed all officers to be extremely vigilant in protecting the lives and wellbeing of Nigerians by ensuring the full fortification of our borders against the incursion of smugglers and other cross border criminals.
Read Also:
Customs Raises Concerns over Finance Act as Senate Sets N3trn Target for Revenue Agencies
Comptroller Ali Ibrahim Assumes Duty as New Customs FOU Zone ‘C’ Boss
JBPT Sector 2 Records Seizures Worth N1.6 Billion Within Six Months
Customs Sensitise Retired Senior Officers on Automated Retiree Verification System
Compt Awe Charges Officers On Performance Towards Increased Revenue Generation
-
Revenue Streams2 years agoCommunication Ministry Gives Zero Allocation to Nipost Out of N137.2billion Capital Votes
-
Customs Corner2 years agoCustoms Emerges Champions of 2022, Male, Female National Volleyball Super Cup
-
Newsroom4 years agoNNPC Blames #EndSARS Protests, As Fuel Queues Return
-
ICT5 years agoFinally! Huawei Launched Harmony OS | Let the Rivalry Begins with AndrodOS
-
Naija News6 years agoINEC registers 23 new political parties. YES, RAP, UP, 20 other parties
-
COVID-194 years agoVaccine Trials Starts Round The World: All You Need to Know
-
Customs Corner3 years agoArea Controller, Murtala Muhammed International Airport Command Passes On
-
Foreign2 years agoPhilippines’ Duterte Blocks Bill to Register Social Media Users