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More exposures as daily fuel consumption drops by 18.5million litres after deregulation
The level of fraud that characterised the so-called fuel subsidy regime in Nigeria has been further exposed as the Federal Government said the volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of 2023 is 11.26 billion litres..
Following the removal of subsidy on petrol by President Bola Tinubu on May 29, 2023, PMS consumption reduced by an average of about 18.5 million litres daily in June.
What this means is that some criminal elements were collecting money for an imaginary 18.5 million litres as cooked-up fuel subsidy rent on daily basis.
According to data a obtained available at the Nigerian Midstream and Downstream Petroleum Regulatory Authority in Abuja, between January 1 and May 28, 2023, which was the pre-deregulation period, the total amount of petrol consumed nationwide was about 9.9 billion litres.
The average consumption for the 148-day period was put at 66.9 million litres, indicating the country consumed an average of 66.9 million litres of petrol daily during the five-month period when subsidy on petrol was still in place.
However, figures from the Federal Government agency indicated that between June 1 to June 28, 2023, which was described as the post-deregulation period, the total petrol consumption across the country was 1.36 billion litres, while the average daily consumption was put at 48.43 million litres.
This amounts to the fact that the difference between the average monthly consumption figures during the pre-deregulation and post-deregulation periods was about 18.5 million litres.
Therefore, the average daily consumption of petrol across the country reduced by about 18.5 million litres after subsidy on commodity was stopped by the Federal Government.
News
Israel says news of Netanyahu’s death is fake
Israeli authorities have described news of possible death of Prime Minister Benjamin Netanyahu as false.
The office of Israeli Prime Minister dismissed a viral social media claims suggesting the Prime Minister had been assassinated following the escalating conflict involving Israel, the United States and Iran.
“These are fake news; the Prime Minister is fine,” the Prime Minister’s office said
The rumours gained traction after a video shared by Netanyahu on his X account on Friday showed him addressing a press conference on the ongoing Israel-US-Iran conflict.
Some social media users, immediate after the video was posted, claimed they had spotted what appeared to be six fingers on Netanyahu’s right hand when he briefly raised it during the speech.
The speculation spread further after US conservative commentator, Candace Owens raised questions on X.
News
Bala Mohammed prepares to join APC
Strong indications have emerged that the Chairman of the Peoples Democratic Party, PDP governors’ forum and Governor of Bauchi State, Bala Mohammed, has concluded plans to join the ruling All Progressives Congress (APC) this week, barring any unforeseen circumstances.
According to Bauchi State government house sources, the Governor’s recent Abuja visit and meeting with President Bola Tinubu were purely related to the movement to APC. It was stated however, that final touches are still being made on the agreement.
It would be recalled that the Governor had after his meeting with Tinubu, told journalists that he was at the presidential Villa to discuss rising insecurity in some parts of the state and to seek the president’s intervention. Days after the visit, a detachment of military and other security agencies took over the affected areas and restored relative peace to the communities.
It is not yet clear the conditions given by the Bauchi State Governor before his defection. But one source told Nationwide Reports that the APC has already assured him of three opportunities including, deciding who would succeed him as Bauchi State Governor, a ticket to return to the senate and special allocation from the presidency as was given to other governors that have previously defected.
Another source also mentioned the ongoing terrorism charges brought by the federal government against one of Governor Mohammed s most trusted aides, the Commissioner for Finance, Yakubu Adamu.
The case against the commissioner also include money laundering involving about N4.6billion. The Governor has made frantic efforts in the past to free the commissioner and even threatened war, if persecution of opposition persists.
However, a top aide of the Governor described the suggestion as mere rumour, saying Bala Mohammed has said severally that that he would stick with the PDP.
“His Excellency is the chairman of the PDP governors forum. I just said this as a reminder to you. The Governor has made several sacrifices to preserve the PDP as the leading opposition in the country. Therefore, the idea of him defecting to the APC is strange to me. He has never mentioned it and I therefore do not believe you,” the aide stated.
News
Tinubu doing well across sectors, says Gowon
Former Head of State, General Yakubu Gowon said on Saturday that President Bola Ahmed Tinubu is doing his best across key sectors of governance.
Gowon spoke with journalists after paying a courtesy visit to the President at the State House, Abuja, where he said he came primarily to appreciate the efforts of the administration and to encourage the President in his leadership of the country.
“I came to see him and to thank him for all the good works that he’s doing for the country. We had to look at all the good work that the President is doing and the progress that Nigeria is making economically and otherwise”, the elder statesman said.
The former military leader, who governed Nigeria from 1966 to 1975, noted that the country is witnessing progress under Tinubu’s leadership and expressed satisfaction with the direction of governance.
When asked by journalists what areas the President should improve upon as his administration progresses, Gowon declined to single out any particular sector, stressing that Tinubu appears to be addressing national challenges across the board.
“Isn’t he doing the best he can all round?” he asked rhetorically, adding “so there is no particular place, every other area; political, economic, social, etc.”
Gowon also acknowledged the complexity of Nigeria’s security challenges but maintained that the President is taking necessary steps to confront the situation in the interest of the country.
“And, of course, the major problem that we have today, the security area, he’s doing everything to deal with those for the good of all Nigeria,” he said.
According to him, leadership requires balancing multiple priorities simultaneously, and the President must continue to safeguard Nigeria’s interests across all sectors.
“He’s got to look after the interests of Nigeria in all areas, and I’m happy about that,” Gowon added.
The elder statesman, widely regarded as a voice of national reconciliation and peace, was also asked about the message he would give Nigerians amid the current challenges facing the country.
Responding, Gowon said the responsibility of addressing such issues ultimately rests with the government, expressing confidence that the administration is handling the situation as best as possible.
“If I say that the problem that is happening today, it is only the government today, that’s Mr. President, that can really deal with it, and he is dealing with it the best he can without creating any problem for Nigerians and for the country,” he said.
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