NEC Pushes FG to Suspend Planned Fuel Subsidy Removal
Proposes supplementary budget, amendment to PIA NACCIMA: Petrol subsidy removal without operation of local refineries will hurt businesses, shut down SMEs
Deji Elumoye in Abuja and Dike Onwuamaeze in Lagos
The move by the federal government to phase out its controversial fuel
subsidy policy may no longer be feasible once more as the National Economic Council (NEC) yesterday advised the government to shelve it until all preparatory plans with
various segment of government, including states and the incoming administration are concluded. The advice comes just as the Nigerian Chambers of Commerce,
Industry, Mines and Agriculture (NACCIMA) expressed concern that removing petrol subsidy would have adverse impact on businesses that could lead to the shutdown of
towards the removal of subsidy, culminating in its recent sourcing of an $800 million grant from the
many Small and Medium Enterprises (SMEs) and exasperate the worsening unemployment rate in the country. The administration of President Muhammadu Buhari had worked
Continued on page 5
Malami Dismisses Claims of Loss of $2.4bn from Crude Oil Sale to China... Page 8
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Tinubu to APC Govs: Work with Party to Elect 10th N'Assembly Principal Officers Adedayo Akinwale in Abuja
AT EDO EDUCATION WEEK, OBASEKI LAUNCHES AGENDA TO IMPROVE LEARNING OUTCOMES...
L-R: Edo State Commissioner for Education, Dr. Joan Oviawe; Edo State Governor, Mr. Godwin Obaseki; Consul General of India, Chandramouli Kern representative of the Minister of Education, Dr. Mrs. Folake Olatunji, and wife of the India Consul General, Chandramouli Kumar Kern, at the launch of the Edo State Learning Agenda, during the 2023 Edo Education Week, in Benin City...yesterday Story on page 33
President-elect Bola Tinubu has appealed to governors of the ruling All Progressives Congress (APC) to work with the party leadership Continued on page 17
Buhari: Overconfidence, Bad Tactical Moves Killed Opposition at Polls Says APC blended confidence with caution, worked hard to win Hints at retirement plans, to live in Kaduna after six months in Daura Discloses nation’s military ranking has risen from 7th to 4th in Africa
Deji Elumoye and Kingsley Nwezeh in Abuja President Muhammadu Buhari, yesterday, said the opposition parties lost the 2023 general election because
they were too certain of their abilities and chances of success, and also deployed bad strategies. Buhari contended that while the All Continued on page 5
Sudan: First Batch of Nigerian SOLDIERS MARCHING ON… Evacuees Arrives Country Today... Page 32 OLD President Muhammadu Buhari in full military attire during the Nigerian Army Trooping and Presentation of Colours Parade 2023 held at the Eagle Square, Abuja...yesterday
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