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BREAKING: House Of Reps Decides On Amendment To Suspend Fuel Price Hike

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BREAKING: House Of Reps Decides On Amendment To Suspend Fuel Price Hike

House of Reps has decided on the amendment to suspend fuel price hike in Nigeria.

News ToGo learned that the House of Reps decided to reject the move to amend the motion seeking to suspend fuel subsidy. Hon. Ugochinyere Ikenga, proposed the amendment and demanded an investigation into the increases in the price of petrol.

However, the House voted against the amendment. This happened after Deputy Speaker Benjamin Kalu who presided over plenary questioned if it was in the place of the House to take such a position because the pump price is controlled by market forces. The Lower Chamber of the National Assembly resolved to carry out an investigation to ascertain the truth behind the increases.

The Nigerian National Petroleum Company Limited (NNPCL) increased the pump price of petrol, known as Premium Motor Spirit (PMS), from N537 to N617 per litre on Tuesday. This is the second in less than two months.

The decision caused untold hardship among many Nigerians who have continued to groan. Many households find it very difficult to feed and fend for other needs.

Consequently, many individuals and groups are demanding the reversal of the subsidy removal. They contend that the money is not used to do things that will directly benefit the masses as expected.

 

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Dangote Reveals NNPC Officials, Others Have Oil Processing Plants Abroad Amid Moves Against Him (VIDEO)

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Dangote Reveals NNPC Officials, Others Have Oil Processing Plants Abroad Amid Moves Against Him (VIDEO)

Africa’s richest man, Aliko Dangote, has revealed that some staff members of the Nigerian National Petroleum Company (NNPC) Limited and oil traders are operating a blending plant in Malta, Europe.

News ToGo reports that Dangote made this statement over the weekend when he hosted the leadership of the House of Representatives, led by Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu.

He asserted that the quality of fuel produced at the Dangote Refinery is far superior to that of the fuel imported by other marketers, which has caused significant damage to many vehicles in Nigeria. “I still stand by what I said. Go to filling stations and check the quality. That is the only way,” Dangote emphasized.

He continued, “We know where they blend these things. Some NNPC people and some traders have opened a blending plant somewhere off Malta. We all know these areas. We know what they are doing.”

Dangote also addressed claims that his group of companies enjoys a monopoly, calling these assertions untrue.

“If you look at all our operations at Dangote (Group), we add value by taking local raw materials and turning them into products. We have never consciously or unconsciously stopped anyone from doing the same business we are doing,” he explained.

He pointed out that when Dangote entered the cement production industry, Lafarge was the only other company operating in Nigeria, yet no one labeled Lafarge a monopoly.

“Monopoly is when you stop people and block them through legal means. No, it is a level playing field where whatever Dangote was given in cement, for example, others were given as well, with some even receiving more than us,” he added, expressing his disheartenment over the monopoly accusations.

Watch video below:

Video credit: Channels

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BREAKING: Tinubu Sends N70, 000 New Minimum Wage Bill To NASS

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BREAKING: Tinubu Sends N70, 000 New Minimum Wage Bill To NASS

President Bola Tinubu has submitted a national minimum wage bill to the House of Representatives for consideration and passage.

News ToGo reports that last Thursday, President Tinubu and the leadership of the Organized Labour agreed on ₦70,000 as the new minimum wage for Nigerian workers. The Information Minister Mohammed Idris confirmed, “the new national minimum that Mr. President is expected to submit to the National Assembly is ₦70,000.”

This agreement followed weeks of negotiations between labour leaders and the President after months of failed talks between labour organs and a tripartite committee on minimum wage constituted by the President in January. The committee, comprising state and federal governments and the Organized Private Sector, had proposed ₦62,000, while labour insisted on ₦250,000 as the new minimum wage for workers currently earning ₦30,000.

Labour had argued that ₦30,000 was unsustainable due to inflation and the high cost of living following the removal of petrol subsidies by the President. Despite initially demanding ₦250,000, Labour accepted the President’s offer of ₦70,000 last Thursday.

Nigeria Labour Congress (NLC) President Joe Ajaero explained that Labour agreed to ₦70,000 and rejected a proposal to pay ₦250,000 on the condition of increasing petrol prices. He also noted that the minimum wage would now be reviewed every three years instead of every five years.

The wage bill transmission follows President Tinubu’s announcement in his Democracy Day speech on June 12, 2024, that an executive bill on the new national minimum wage would be sent to the National Assembly for passage.

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BREAKING: Shaibu Joins APC, Reveals How They Will Take Over Edo As He Teams Up With Oshiomhole

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BREAKING: Shaibu Joins APC, Reveals How They Will Take Over Edo As He Teams Up With Oshiomhole

The reinstated Deputy Governor of Edo State, Philip Shaibu, has formally rejoined the All Progressives Congress, APC, from the Peoples Democratic Party, PDP.

News ToGo reports that prominent members of the Dan Orbih-led Legacy Group of the PDP as accompanied Shaibu as he returned to APC.

Shaibu walked straight to where former Governor of the state, Senator Adams Oshiomhole, was seated at the venue and knelt before him, drawing applause from party supporters.

He said, “On behalf of the Legacy Group, I announce our movement to the APC. We have come to add value to the party.

“It is time to take back our state. We will not talk too much because action will speak for us. We are not afraid. We are ready to move forward.

“We, the homeboys, are ready to take our state back through the APC governorship candidate, Monday Okpebholo, and his running mate, Dennis Idahosa.

“We are not troublemakers, but if it comes, we will use it to rub our body, and we move on.”

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