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Call off protest, poor Nigerians can’t endure more days – Atedo Peterside begs
By Francesca Hangeior
The founder of Stanbic-IBTC Bank, Atedo Peterside, has appealed to Nigerian youths and organisers of the nationwide protests to suspend the action.
In a tweet on his official X account, Peterside applauded protesters who have been peaceful in the course of the demonstration for dispelling the narrative of Nigerian youths not being politically active.
He, however, called on the organizers to call off the protest lest it gets hijacked by hoodlums.
He said: “I doff my hat to those of you who have been protesting peacefully since 01 August. You have shaken Nigeria to the core and dispelled the falsehood that many of our youths are not politically active and/or do not care to demand good governance. I beg you in the name of God to please call off the protest now.
“I explained that any mass street action that goes on for more than a few days will be infiltrated and overtaken by hoodlums. Please end the protests today (Sunday).”
Peterside, who doubles as the president and founder of Anap Foundation, also urged the protesters to consider poor Nigerians who cannot endure protests for more than a few days.
“Poor Nigerians cannot endure protests for more than a few days. You have made your point. Your massive turnout has frightened many people.
“Federal Government is not deaf. The President has spoken this morning. Perhaps even the Legislators have heard you also.
“If they collectively fail to significantly reduce the cost of governance, stop wasteful expenditures and tighten their own belts or lead by example, please then re-strategise, regroup and call them to order again. God bless you all.”
News
Tears As Man Takes Own Life Over Tinubu’s Govt Hardship
By Mario Deepromoter
Sad development in Marika village, Kiyawa Local Government, Jigawa, where a 40-year-old man, Jibrin Adamu, committed suicide by hanging himself.
According to eyewitnesses, Adamu’s lifeless body was discovered in a classroom at Miftahul Khairat Islamiyya and Primary School Gurdiba on Thursday.
Police spokesperson DSP Lawan Shiisu Adam confirmed the incident, stating that preliminary investigations revealed Adamu had struggled with mental health issues.
“Police received a report on Thursday that at about 1830hrs, a tragic incident was reported at the Command headquarters that one Jibrin Adamu ‘m’ age 40yrs of Jigawar Maroka village, Kiyawa LGA has committed suicide by hanging himself over the ceiling at Islamiyya school,” the Police spokesperson told Daily Post.
The Jigawa State Commissioner of Police, CP AT Abdullahi, has instructed officers to conduct a thorough investigation into the incident.
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Just in: Dangote Petrol Now Available at N765.99 Per Litre
By Mario Deepromoter
11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide.
Findings showed some petroleum marketers who were able to complete their payment process on the NNPC trading payment portal commenced the lifting of petrol earlier this week under the existing agreement between marketers and the refinery.
Tunji Oyebanji, managing director, 11Plc confirmed to BusinessDay on Thursday evening that some marketers have started lifting the products at N765.99 from Dangote Refinery through NNPC who remain the sole off-taker of product.
“We were among the first marketers to complete the payment on the NNPC portal. We have no direct arrangement with the refinery,” Oyebanji said.
It was gathered that NNPC Retail, 11plc, Total Energies, A.A Rano are among the marketers that have picked up products from the refinery.
He added, “We don’t know the contractual financial arrangement between NNPC and the refinery but what I can confirm is we are buying at N765.99 from NNPC to lift Dangote petrol”.
Efforts to get the Independent Petroleum Marketers Association of Nigeria (IPMAN) to confirm if its members have picked up products at the Dangote Refinery proved abortive at the time of writing this report.
See also Nigeria’s Petrol Landing Cost Revealed
Adedapo Segun, executive vice-president, downstream at NNPC said marketers cannot purchase petrol directly from the refinery because the product is still sold at a subsidised rate.
“That is the same thing happening with Dangote. I said earlier that Dangote is a company and it is going to sell at market price,” he told Journalists.
According to Segun, “The market value of PMS is still higher than what N766 or N765 or N799 that NNPC is selling.
“The situation has not changed there. So, NNPC’s off-taking is only because the others would not buy at the price Dangote will be willing to sell, which is reasonable.
“As soon as the price allows for it, you will see the marketers go to Dangote and buy.”
News
Our Country Is Bankrupt – Governor Obaseki
By Ojomah Austin.
Gov. Godwin Obaseki of Edo state has stated that “Nigeria is technically bankrupt” during an interview on Channels Television’s Politics, while elaborating on his concerns over the country’s financial health.
While criticising the Federal Government for being stuck in the past, the governor emphasized the urgent need for restructuring to facilitate progress.
“You restructure your affairs so that you can reorganize and be able to meet your obligations. But Nigeria is still behaving as if they have money like it used to.
“Nigeria has been in trouble for a while. We don’t have enough to cover our expenditures and we are not reducing our expenditures and we are not earning more. The federal government does not have the capacity anymore to manage the economy”.
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