News
Afenifere breaks silence, knocks Tinubu’s govt over ‘insensitive fuel subsidy removal
Yoruba socio-political group, Afenifere, has criticized the “insensitive policies” of the administration of President Bola Tinubu, especially the “sudden” removal of petrol subsidy as well as the “total” disregard for the impact of the action on the people and the economy.
The group, in a statement on Friday by its Secretary General, Sola Ebiseni, said in six weeks, “an already asphyxiating economy reeling under the crushing impact of hyperinflation, unemployment, mass hunger and poverty foisted by the gross ineptitude and incompetence that characterized the watch of eight years is looking like an episode drawn straight out of Dante’s Hell”.
Afenifere, which endorsed Tinubu during the February 25, 2023 poll, said it could no longer “fold its arms or be seen to maintain silence, neutrality or ambivalence in the face of this latest body blow on an already traumatized citizenry”.
“It is feared that this latest gross act of thoughtless policy implementation and its unintended consequences will further push Nigeria’s economy down the slope as Nigeria has officially overtaken India as The New Poverty Capital of the World,” Afenifere warned.
Recalled that Tinubu gave Nigerians a shocking inauguration gift at the Eagle Square in his “subsidy is gone” historic speech.
Premium Motor Spirit (PMS) better known as petrol immediately rose from N184 per litre to N500 and later to over N600, amid soaring food prices and high transportation costs.
The Tinubu government also floated the naira against the dollar and other foreign exchange, with one dollar hitting over N850.
In its Friday statement, Afenifere noted that there is a wide consensus that the petrol subsidy regime as it had been managed, especially in the last eight years, was becoming ruinous to the economy and could no longer be sustained.
“No one, however, expected that the subsidy would be removed in the sudden manner it was done: a seeming off-the-cuff declaration of the removal of the subsidy, totally ignoring the impact on the people and the economy,” the statement partly read.
“Such a huge economic decision with clear potential for serious deleterious impact on disposable incomes of the already impoverished citizens should never have been made in the cavalier manner as was witnessed”, it continued.
Afenifere added that the planned disposal of palliatives in cash by the government “suggests a total ignorance of the current realities and the gigantic remedial needs of the populace”.
“Rather than pay cash that will evaporate and provide only momentary relief to a minuscule few, effective plans ought to be put in place to provide facilities that will ameliorate the suffering of the masses right across the country in a sustainable manner,” it stressed.
The group also noted that the sacrifices to restore the fiscal viability of the country must be made by all, especially leaders involved in the “gargantuan waste of public funds in running the government with a multiplicity of agencies”.
US car giant Ford on Wednesday announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent’s beleaguered car industry.
“The company has incurred significant losses in recent years,” Ford said in a statement, blaming “the industry shift to electrified vehicles and new competition”.
The move will affect 2,900 jobs in Germany, 800 in the UK and 300 in western Europe by the end of 2027, a Ford spokesman told AFP.
“It is critical to take difficult but decisive action to ensure Ford’s future competitiveness in Europe,” said Dave Johnston, Ford’s European vice-president in the statement.
The company also said it was adjusting the production of its Explorer and Capri models, resulting in reduced hours at its Cologne plant in the first quarter of 2025.
Europe’s car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China.
Germany’s Volkswagen has been among those hardest hit, announcing in September that it was considering the unprecedented move of closing some factories in Germany.
“The European automotive industry is in a very demanding and serious situation,” Volkswagen CEO Oliver Blume said at the time.
Ford had already announced in February 2023 that it was planning to cut 3,800 jobs in Europe, including 2,300 in Germany and 1,300 in Britain.
The company said then it was planning to reduce the number of models developed for Europe, concentrate on the profitable van segment and speed up the transition to electric vehicles.
Ford currently has around 28,000 employees in Europe with 15,000 in Germany, according to the company’s works council.
President Bola Tinubu has approved the dissolution of the Governing Council of Nnamdi Azikiwe University (UNIZIK), Awka, Anambra State, and the removal of the institution’s Vice-Chancellor, Prof. Bernard Ifeanyi Odoh, and Registrar, Mrs. Rosemary Ifoema Nwokike.
The council, chaired by Ambassador Greg Ozumba Mbadiwe, comprised five other members: Hafiz Oladejo, Augustine Onyedebelu, Engr. Amioleran Osahon, and Rtd. Gen. Funsho Oyeneyin.
A statement released on Wednesday by presidential spokesperson, Bayo Onanuga, revealed that the council was dissolved following reports of procedural violations in appointing the vice-chancellor.
According to the statement, the council had allegedly appointed an unqualified candidate, disregarding due process, which triggered tensions between the university’s Senate and the council.
The Federal Government expressed dismay over the council’s actions, emphasizing the need for adherence to the university’s governing laws in decision-making.
“The council’s disregard for established rules necessitated the government’s intervention to restore order to the 33-year-old institution,” the statement noted.
In a related development, President Tinubu also approved the dismissal of Engr. Ohieku Muhammed Salami, the Pro-Chancellor and Chairman of the Governing Council of the Federal University of Health Sciences, Otukpo, Benue State.
Salami was accused of suspending the university’s Vice-Chancellor without following the prescribed procedures, a move the Federal Ministry of Education had previously directed him to reverse.
Despite the Ministry’s directives, Salami reportedly refused to comply and resorted to issuing threats and abusive remarks towards the Ministry’s officials, including the Permanent Secretary.
The Federal Government reiterated that the primary role of university councils is to ensure the smooth operation of academic activities, strictly adhering to the laws establishing each institution.
Tinubu warned university councils against engaging in actions that could destabilize their institutions, as his administration remains committed to enhancing the nation’s education system.
The Ekiti State Government has reached an agreement with labour leaders in the state, signing a Memorandum of Understanding (MoU) for the payment of the N70,000 minimum wage approved by the Federal Government.
Addressing journalists at a brief ceremony in Ado-Ekiti on Tuesday, the Head of Service (HoS), Dr. Folakemi Olomojobi, announced that the payment would commence immediately.
She lauded Governor Biodun Oyebanji for prioritizing the welfare of workers despite the state’s limited resources.
“This development demonstrates the governor’s commitment to improving the livelihood of our workers,” Dr. Olomojobi stated, highlighting the proactive measures taken by the administration to ensure prompt implementation.
In their remarks, the Trade Union Congress (TUC) Chairman, Comrade Sola Adigun, and the Nigeria Labour Congress (NLC) Chairman, Comrade Olatunde Kolapo, expressed their appreciation to Governor Oyebanji for fulfilling his promises to workers.
They confirmed that the new minimum wage would apply to all cadres, including employees in ministries, parastatals, agencies, and pensioners.
The Chairman of the Joint Negotiating Committee (JNC), Comrade Femi Ajoloko, described the implementation as a fair and commendable adjustment.
“This decision reflects the governor’s magnanimity and his dedication to fostering a productive workforce in Ekiti State,” he said.
-
Politics6 days agoOyo Rep. Member, Akinmoyede Appoints Three More Aides
-
Crime & Court1 week ago
EFCC Chair Raises Alarm on Rampant Fraud in Nigeria’s Electricity Sector
-
Health6 days ago
Oyo: Tragedy As Bride-to-Be Among Four Dead in Suspected Lassa Fever Outbreak
-
Politics4 days ago
#OndoDecides2024: Rep Oseni Hails Aiyedatiwa’s Victory, Commends Residents for Peaceful Polls
