News
Marketers Petition Tinubu Over Plummeting Diesel Prices, Senate Delays Sabotage Hearing
Devakumar Edwin, Vice President of Dangote Industries Limited, revealed that petroleum marketers in Nigeria have raised concerns over the pricing of locally refined diesel.
These marketers have formally approached President Bola Tinubu, expressing dissatisfaction with the current price trends.
According to Edwin, diesel prices have seen a significant reduction, dropping from N1,200 per litre to N900 per litre, and this has had an adverse effect on the marketers’ businesses.
He shared these insights during a Twitter Space session hosted by Nairametrics on Thursday.
During the session, Edwin explained that the marketers are worried about the declining prices, which, in their view, threaten their business profitability.
They believe the situation could impact the overall dynamics of the oil and gas industry if not addressed promptly.
Additionally, the Senate recently announced a delay in the public hearing concerning alleged sabotage in Nigeria’s petroleum sector.
This development was confirmed by Senator Opeyemi Bamidele, the Leader of the Senate and Chairman of the Senate Ad-hoc Committee, who stated that the hearing would be postponed.
The issue of sabotage has been a topic of concern, and stakeholders hope the eventual hearing will shed light on the underlying issues affecting the industry.
News
Minister of Budget Says Nigeria Needs More Resources to Fund Its Population
The Minister of Budget and Economic Planning for Nigeria, Senator Abubakar Bagudu, shared that the budget Nigeria currently has is too small for the population the country contains.
Speaking on the budget, he said “I would like to say that out of the top 10 most populous countries in the world, we have the smallest national budget.
“Should we continue with a budget that leaves our populace with one of the smallest budgets, or should we consider how we can mobilise more resources?”
News
Barack Obama Says Things Could Be Better With Women in Charge
Former US President and first Black president, Barack Obama, speaks on leadership and gender. He spoke about how it would be nice for women to be in charge every now and then, as it would strike a balance and advance the government.
“Even when I was President, I sometimes fantasized about if you put women in charge of every government for like two years, and then just kind of saw, ‘All right, how are things going?’”
“I have a strong belief that things wouldn’t be perfect, but they’d be better. I’m confident about that. I really do,” he added.
News
“Nigerians Have Borne Some Real Costs” — Mohammed Idris on Tinubu’s Reforms
Minister of Information and National Orientation, Mohammed Idris, speaks on the state of the country and President Tinubu’s reign.
He analyses it and shares how Tinubu has made tough decisions. “About three years ago, President Bola Tinubu assumed office amid some very significant and structural challenges, and physical challenges.”
“His administration chose to confront the long-standing distortions rather than postpone them, and those decisions were indeed very difficult and were not politically convenient. And because of those decisions, Nigerians have borne some real costs.”
“Today, however, Nigeria is moving from the difficult work of reforms and stabilisation towards a new phase of growth and shared prosperity.”
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