News
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.
Famous American actor, Denzel Washington has revealed he has Nigerian ancestry.
The ‘Gladiator II’ actor disclosed that his heritage test shows that he is 90 per cent Irish and 10 per cent Nigerian.
Washington spoke in a recent interview with British-Nigerian media personality, Ada Enechi.
“I am 10 per cent Nigerian and 90 per cent Irish,” he stated.
Meanwhile, Denzel Washington has hinted at retirement.
The 69-year-old thespian disclosed during a press tour of his latest movie ‘Gladiator II’ in Australia that ‘Black Panther 3’ is one of his last films before retirement.
He said he would be retiring after shooting ‘Black Panther 3’, ‘Othello 2’ and ‘King Lear.’
About 20 suspected criminals arrested for various crimes across Osun State, including three suspected highway armed robbers, were on Friday paraded by the state police command.
Presenting the suspects to journalists, the spokesperson for the police, Yemisi Opalola, said the armed robbery suspects, Olajide Kareem (28), Mike Emmanuel (33), and Godwin Emmanuel (23) were arrested along Osu/Ilesa road.
Opalola said the suspects, during their operations robbed many people of their jewelries, phones cash, and other valuables.
She added that during one of the robbery incidents, a bus driver was shot in the leg, while a female passenger was raped by one of the suspects.
Also paraded was Emmanuel Anthony, accused of using military uniforms to rob passengers along Ekiti road, where he forced a victim from Esa Oke, to transfer a sum of N3m to his account.
Anthony was also accused of robbing other people of their mobile phones valued at N1.25m.
Seven other suspects arrested for conspiracy, armed robbery and receipt of stolen vehicles, were also paraded.
Four northern states of Gombe, Bauchi, Benue and Plateau have been thrown into darkness, due to a fault on the 330kV double circuit transmission lines of Ugwuji-Makurdi-Jos.
The states are among the franchise area of Jos Electricity Distribution Company.
According to the Head of Corporate Communications, JEDC, Friday Elijah, the tripping of the lines occurred in the afternoon on Friday, resulting in the loss of power supply on all the 33KV feeders.”
He disclosed that the Transmission Company of Nigeria engineers were working to rectify the fault.
“We hope to restore normal power supply to our esteemed customers as soon as the fault is rectified and power supply is restored back to normalcy,” said Elijah.
Denzel Washington reveals he is part Nigerian
Police parade 20 suspected armed robbers, others in Osun
Four northern states in darkness as transmission lines trip
Just in: Terrorists ambush military truck, kill all soldiers on board
Nigerian Dancer, Korra Obidi Attacked with acid, stabbed on stage In UK
Meet Rare Gem 16 Years Old Chiaza, CEO of ‘RUN MARKET PLACE’
-
News22 hours agoConfusion As ‘Baltasar Engonga’ was cornered and fl0gged by husbands of the women he sl3eps with
-
News23 hours agoSAD! Super Eagles goalkeeper, Stanley Nwabali, loses father
-
News18 hours agoBREAKING: NJC finally nails Rivers, Anambra High Court Judges
-
News22 hours agoBury the thought, it’s not your destiny to be president – Wike’s Aide carpets Atiku
-
News20 hours agoExposed! CBN board never granted approval for Naira design, Emefiele acted on his own -Witness
-
News20 hours agoKebbi, Sokoto States: Lakurawa Members Flee As Troops Smoke Them Out
-
News23 hours agoOndo: Aiyedatiwa coasting to victory as 8 candidates pull out to back him 24 Hours To Election
-
News16 hours agoSAD! Gas Tanker Explodes In Katsina, Destroys Vehicles, Properties