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NIM urges FG to implement measures that will cushion effects of fuel price hike
By Francesca Hangeior
The Nigerian Institute of Management has urged the Federal Government to take urgent steps to forestall economic hardship occasioned by the recent increase in the pump price of petrol.
The President of NIM, Dr Christiana Atako, made the call in a statement by the institute’s registrar, Mrs Taiwo Olusesi on Saturday in Lagos.
Atako said that it was important to mitigate the harsh effects of the latest increase in the price of fuel on both the economy and Nigerians.
She said that the long fuel queues that resurfaced in various cities had attendant consequences on Nigerians whose cost of living was shrinking by the day.
“The Institute supports the current efforts by the Federal Government to kick-start the nation’s weak economy and put it on a good footing.
“However, NIM is an organisation committed to promoting good governance and sound management practices.
“We believe that government should do everything within its power to give the nation’s economic policies a human face,” she said.
The NIM president urged the Federal Government to continue working with the greater interest of Nigerians at heart by taking more proactive measures to impact the welfare of the citizenry.
She called on government to, especially, address fuel scarcity, the hunger in the land, as well as tackle the myriad of economic issues facing the country.
“The Institute concedes that the decision to remove fuel subsidy has come with some pains,.
“It is, however, a necessary step towards the nation’s economic stability as it will help to curb the mismanagement of scarce resources.
“It will also reduce corruption in the oil sector, and ensure that the benefits of government spending are felt by all Nigerians.
“Since the removal of subsidy is a difficult decision with significant impact on the masses, it is essential that the Federal Government implements measures to mitigate its effects,” she said.
Atako suggested measures like providing a safety tax net for those who would be most impacted by the subsidy removal, greater government intervention in agricultural produce, public transportation and youth employment programmes.
She also enjoined Nigerians to be patient with the Federal Government, and called for more understanding.
She said that the NIM believed that the nation would soon turn the bend and start reaping the benefits of the present sacrifices.
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Protests erupted in Jos, the Plateau State capital, on Monday morning over the continued killings of indigenous residents by gunmen suspected to be Fulani militants.
The demonstrations, led by Christian leaders including the state chairman of the Christian Association of Nigeria, Rev. Polycarp Lubo, commenced on Monday morning at the Fawvwei Junction community road, causing a heavy gridlock and stranding commuters.
The latest protest comes amid a surge in violent attacks by gunmen in various communities, with over 100 people killed in Bokkos and Bassa LGAS in the past two weeks.
“We are not happy over the continuous attacks and killings by gunmen in our communities. That’s why we have come out again to protest these happenings,” said Gyang Dalyop, one of the protesters.
Another protester, Hannatu Philip, called on the government to intervene before it spirals out of control.
The protesters brandishing placards with different inscriptions were seen marching towards the Rayfield Government House.
The Presidency has said the former Labour Party, LP, presidential running mate, Yusuf Datti Baba-Ahmed is no match for President Bola Tinubu.
Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare was reacting to Datti’s remark that he (Tinubu) would not run for the presidency in 2027.
The former LP running mate insisted that Tinubu’s time is up, adding that everything is there for the president and the ruling All Progressives Party, APC, to see that they lose in 2027.
Dismissing such remark, Dare likened Datti’s comment to the new year predictions of charlatan ‘prophets’ which never come through.
In a statement he signed, Dare said the likes of Peter Obi and Datti would have been president left for the latter’s theories.
According to Dare, Datti has chosen to venture into an unfamiliar terrain.
The statement reads partly: “Yusuf Datti Baba-Ahmed’s “illogical logic” was all over the place in his recent interview with a television channel.
“Listening to Yusuf Datti Baba- Ahmed spurn his postulations about the political future of Nigeria and that of the incumbent President is like listening to the new year predictions of charlatan ‘prophets’ which never come through. Yusuf Baba Ahmed and his co-traveller Peter Obi are indeed a “double whammy“ in the Nigerian political space.
“He chose to base his political calculations on President Bola Tinubu not winning a second term given his antecedents and because Nigerians will decide at the polls among other things. He conveniently avoided the substance of performance and capacity.
“Unfortunately, he chose to walk into a lane he was unfamiliar with and chose to confront a politician he is no match for.”
Similarly, the Presidency had also stressed that Tinubu will reveal his plans for a second term at the right time.
It said the APC 2027 presidential campaign billboards had no links to Tinubu and Vice President Kashim Shettima.
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