News
‘Fuel Subsidy Removal In Nigerians’ Best Interest’ – Minister
Malagi said the decision by President Bola Tinubu to remove petrol subsidy is for the good of the country.
The Minister of Information and National Orientation, Mohammed Malagi, says Nigerians will soon begin to feel the positive impact of the removal of petrol subsidy.
VerseNews reports that the minister stated this on Tuesday when he received Governor Umar Bago of Niger State in his office in Abuja.
Malagi said the decision by President Bola Tinubu to remove petrol subsidy is for the good of the country.
The minister further stated that the Federal Government has since saved money from the subsidy removal, which has been distributed to the states to cushion the economic impact of petrol subsidy removal.
He said, “You will agree with me that the fuel subsidy that was removed was actually in the best interest of Nigerians. We have said repeatedly that the pain of that removal will be felt temporarily before the smile, the positive of it will be seen.
“Within a short time, so much money has been saved and part of that money is already being sent to states so that the difficulty occasioned by the removal of the fuel subsidy is already being subsidised so to say.”
The minister also expressed confidence in the Tinubu administration to actualise his eight-priority agenda for the benefit of Nigerians.
IPOB Hails Georgia As Nnamdi Kanu Bags Prestigious Honorary Citizen Award In U.S
IPOB has expressed appreciation to officials in Georgia, United States, following the conferment of an honorary citizenship award on its...
BREAKING: Peter Obi Escapes Assassination as Thugs Shoot at Obidient Movement Members in Edo
The Obidient Movement has raised concerns after alleged armed thugs attacked Peter Obi and party leaders in Benin, Edo State,...
Why Egbetokun Resigns as IGP – Presidency Reveals Meeting Details
The Presidency has confirmed the resignation of Inspector-General of Police Kayode Egbetokun.
BREAKING: Presidency Breaks Silence on ₦2bn Ransom Payment to Boko Haram for Niger Schoolchildren Release
The Federal Government has dismissed reports alleging it paid a huge ransom and released militant commanders to secure the freedom...
BREAKING: CBN Cuts Interest Rate to 26.5% in Latest Policy Move
The Central Bank of Nigeria has reduced the Monetary Policy Rate by 50 basis points to 26.5%.
BREAKING: President Tinubu Sacks IGP Kayode Egbetokun, Names Successor
President Bola Tinubu has reportedly removed Inspector-General of Police (IGP) Kayode Egbetokun, with AIG Tunji Disu set to take over,...
[JUST IN]: US-Based Igbo Groups Hail Enugu Monarch For Confronting Tinubu, Demand Kanu’s Release (Full Details)
US-based Igbo advocacy groups have praised an Enugu monarch for openly confronting President Bola Tinubu.
Lagos Begins 5% Withholding Tax on Gaming Winnings
The Lagos State Government has commenced a 5% withholding tax deduction on gaming winnings.
Ogun Police to Arrest, Prosecute TikTok User Mirabel Over Alleged False Rape Claim
The Ogun State Police Command has concluded plans to arrest and prosecute a TikTok user, Mirabel, after she allegedly admitted...
AVID Condemns Killing of Ondo Monarch, Demands Kanu’s Release and Security Reforms
The American Veterans of Igbo Descent (AVID) has condemned the killing of Oba Kehinde Falodun in Ondo State.
You must be logged in to post a comment Login