Breaking News
FGN Announces Immediate Solution To Reduce Cooking Gas Price
Nigerian government has announced an immediate solution to the crash in the price of liquefied petroleum gas, also known as the cooking gas price, nationwide.
Rabiu Umar, the chief executive of the Nigerian Midstream and Downstream Petroleum Authority, NMDPRA, in a recent meeting with stakeholders, announced targeted imports as the immediate solution to bring down the rising prices of LPG.
According to him, import would help close the existing supply gap.
He also noted that the country needs to expand LPG storage, terminal, and distribution facilities across the country to address scarcity.
“Imports represent the only immediate option for filling the gap created in supply, aside from the prospect of MT supply from Anoh,” he stated.
“We must expand LPG storage, terminal, and distribution infrastructure nationwide and increase domestic LPG production through accelerated gas processing projects as well as prioritize domestic LPG supply obligations by gas producers,” he added.
Umar further noted that the N2100 per liter price of cooking gas is not cost-effective but rather market-induced due to supply shortages.
This comes as cooking gas prices surged by 75 percent in the last weeks to as high as N2,100 per liter from N1,200 in Abuja.
The LPG price hike had pushed many Nigerians to the use of firewood and other cheaper alternatives.
Breaking News
2027 Presidential: There’s Poverty In Nigeria – Primate Ayodele
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has claimed that the Economic and Financial Crimes Commission, EFCC, cannot stop vote buying in the upcoming 2027 election because Nigerian politicians are too desperate.
In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele said if the EFCC actually moves to arrest people engaging in vote buying, it means that 98 per cent of the electorate and candidates will have to be arrested, which is totally impossible.
He noted that politicians have found a way to weaponise poverty in the country and use it to their advantage during elections.
The man of God explained that most Nigerians are ready to sell their conscience for a meagre amount of money because of the economic hardship.
He said: “EFCC cannot stop vote buying in Nigeria. Despite the threats, it will still be much in the 2027 election because our politicians are too desperate.
“If the EFCC or security operatives want to arrest people involved in vote buying, they should be ready to take in 98 per cent of the electorate and candidates because there is no candidate that won’t be involved in it.
“In fact, if arrests were made regarding vote buying, most Nigerians would be sleeping in EFCC custody on the election day; it’s practically impossible to end it in Nigeria.
“This is because politicians have found a way to weaponise hardship and poverty. A lot of Nigerians cannot even feed their homes; some can’t afford one square meal, and for such a person, vote buying serves as a miracle for him or her.”
The man of God explained that if vote buying must stop in Nigeria, the country must be better economically to a certain extent, where citizens will be able to afford basic things.
“The only way vote buying can stop is if Nigeria becomes a better country economically. If people are able to afford basic things like food, there is no way any politician will be able to convince them to vote for him by giving them money. If not, it will never end,” he said.
Breaking News
Breaking News: PDP Remains Nigeria’s Only Opposition Party – Nyesom Wike
The Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Monday declared that the Peoples Democratic Party, PDP, is the only opposition party challenging the All Progressives Congress, APC.
Wike made the remark while congratulating President Bola Tinubu on the APC’s victory in Saturday’s bye-elections across Nigeria.
He spoke during the commissioning of the Water Supply Network to Karu Satellite Town as part of projects marking Tinubu’s third anniversary in office.
According to Wike, the PDP remains the leading opposition party in Nigeria.
He said: “Let me use this opportunity to congratulate your party for winning Saturday’s bye-elections and also congratulate my party for maintaining its position as the opposition.
“In every political setting, there must be winners and an opposition. Today, we have seen the ruling party and the opposition party.
“The opposition is not about talking but about challenging the ruling party, and we are the only party challenging the ruling party. Therefore, we are the leading opposition party.”
-
Breaking News7 months agoTerrorists Want ₦2m ‘levy’ in Katsina Community Despite Peaceful Agreement
-
Breaking News7 months agoEx-EFCC Exhibit Keeper Kaduna Zonal Directorate, Allegedly Steals ₦22m
-
Breaking News8 months agoNiger Delta Group hails Tinubu, NUPRC for ₦373bn host community fund and 536 life-changing projects
-
Breaking News6 months agoBreaking News: Nigerian Air Force Reportedly Kills 750 Terrorists in Borno State
-
Business8 months agoHouse of Representatives probes $35m modular refinery project
-
Breaking News8 months agoUCL: Osimhen Statement after Galatasaray’s 3-1 Win over Bodo/Glimt
-
Breaking News7 months agoBreaking: Robbery Suspects Caught After Leaving Phone At The Scene
-
Breaking News6 months agoNasarawa Insecurity: Suspects Apprehended, Man Hunt Ongoing – Gov Sule
