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National Honour: Group Lauds Tinubu’s Decision To Honour Reps Speaker With GCON

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***eulogies Tajudeen Abbas’ commitment to Nigerian masses

The Renewed Hope Ambassadors Network (RHAN) has congratulated the Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas, on his conferment of the Grand Commander of the Order of the Niger (GCON) title by President Bola Tinubu.

In a statement signed by its President, Comrade Ochima E. Ochima, the group expressed gratitude to President Tinubu for elevating the Speaker from Commander of the Federal Republic (CFR) to GCON.

With this singular action, he said the President has reinforced the constitutional principle of equality between the two chambers of the National Assembly, promoting a more harmonious and balanced legislative environment.

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Ochima also said that the President has corrected the errors of past administrations, setting the nation on the path of progress.

“We’re deeply grateful to President Tinubu for recognising the tireless efforts of Rt. Hon. Abbas, This move sends a powerful message about his administration’s commitment to recognizing excellence and promoting national unity,” Ochima said.

“We commend President Tinubu for his leadership and vision, which have been evident in his recent initiatives, including his commitment to public order and civil service excellence.”

Ochima also praised the Speaker for his impact and dedication to the welfare of Nigerians, adding that this prestigious recognition is a testament to his selfless service to the nation.

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“Abbas’ leadership has been marked by significant achievements, including creating 134 Standing Committees from the previous 109 to enhance legislative oversight and accountability,” he said.

“The Speaker has also empanelled investigative committees to tackle high-profile corruption and misconduct in public offices, advocating for good governance practices.

“The 10th House of Representatives has passed nearly 100 bills under Abbas’ leadership, including the groundbreaking Electricity Act 2023 and Electricity Act Amendment Bill 2024, signed into law by President Tinubu. These legislative milestones have been hailed as futuristic and pivotal in shaping Nigeria’s development.

“We’re reminded of Abbas’ remarkable career trajectory. From his humble beginnings as a primary school teacher to his tenure as a lecturer at Kaduna State University, Abbas has consistently demonstrated his passion for education and public service,” he added.

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“His landmark contributions in the National Assembly are a shining example of his tireless efforts to promote the welfare and interests of Nigerians.

“As we congratulate Abbas on this feat, we’re inspired by his unrelenting passion for Nigeria’s development. We look forward to his continued impactful service to the nation, driven by his commitment to the Nigerian masses.

“Thank you, President Tinubu, for celebrating Abbas’ remarkable achievements, and thank you, Rt. Hon. Tajudeen Abbas, for your tireless service to our great nation”.

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BREAKING! FG delegation in meeting with NLC, TUC

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By Kayode Sanni-Arewa

The Federal government delegation is currently meeting with the leaders of organised labour at the Presidential Villa in Abuja.

The meeting is centred on the state of the nation, especially the petrol pricing system.

The meeting is taking place at the Secretary to the Office of the Government of the Federation, SGF, George Akume.

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At the meeting are Mallam Nuhu Ribadu, the National Security Adviser, NSA; Nkeiruka Onyejeocha, the Labour Minister; and Wale Edun, Minister of Finance and Coordinating Minister of the Economy.

Others are the Information Minister, Petroleum Minister, State Minister of Gas, and representatives of the Nigerian National Petroleum Corporation, NNPC, Limited.

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Reps Ask FG To Reverse Petrol Pump Price Hike, Cooking Gas Price

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…urge NNPCL, others to expedite repairs of refineries 
 
 
By Gloria Ikibah 
 
 
The House of Representatives has urged the Federal Government to reverse the recent Pump Price hike and take immediate steps to stabilise petrol and cooking gas prices through targeted interventions such as temporary price relief measures, tax reductions, or subsidies on LPG for low-income households.
 
 
The House also called on the Nigerian National Petroleum Corporation (NNPC), Ministry of Petroleum Resources and other relevant agencies to expedite the repair/maintenance of domestic refineries and increase local refining capacity as a stop-gap measure to reduce thedependence on imported refined petroleum products.
 
 
The lawmakers furtwhr urged the Central Bank of Nigeria (CBN) to implement monetary policies that will mitigate the adverse effects of fuel price hikes on inflation, particularly with regards to essential goods and services.
 
 
These resolutions was sequel to the adoption of a motion of urgent public importance on the “Urgent need to suspend the increased cost of petrol and cooking gas in the country and provide a stop-gap”, moved by the House Minority Leader, Rep. Kingsley Chinda and 111 other lawmakers. 
 
 
Debating the motion, the Deputy Minority Leader, Rep. Aliyu Madaki, said that Nigeria, as an oil-producing nation, has historically relied on petroleum products and cooking gas (LPG) as essential sources of energy for both domestic and industrial purposes.
 
 
He expressed concern that in recent months, the prices of petrol and cooking gas have skyrocketed and continue to so do, creating an unsustainable financial burden on ordinary Nigerians and exacerbating the cost of living:
 
 
According to Madaki, the removal of fuel subsidies, coupled with global oil price volatility and the depreciation of the Naira, has contributed significantly to the rising cost of petrol at the pump and cooking gas for households.
 
 
The motion reads: “Worried that the escalating fuel and gas prices are impacting the cost of transportation, food, essential goods and healthcare, further increasing inflation and pushing many families into deeper financial hardship.
 
 
“Further concerned that businesses, particularly small and medium-sized enterprises (SMEs), are struggling to manage their operational costs due to increased fuel prices, threatening economic stability and job security.
 
 
“Acknowledging that the Federal Government has previously announced plans to repair domestic refineries and boost local refining capacity to address some of these issues but has yet to deliver significant results in this regard;
 
 
“Mindful that the rising cost of petrol and cooking gas poses a significant threat to the livelihood of millions of Nigerians and unchecked inflationary pressure caused by the increased prices can lead to social unrest, increased poverty rates, and negative long-term economic effects; Also worried that unless urgent and pragmatic steps are taken to control the rising cost of petrol and cooking gas, the Nation will go into economic crisis leading to negative outcomes like increased crime rate and mortality rate.
 
 
The House unanimously adopted the motion urging the Federal Government to explore alternative energy sources and diversify the country’s energy mix to reduce reliance on petrol and gas, promoting renewable energy solutions that are more sustainable and affordable in the long term.
 
 
The lawmakers also encourage State Governments to adopt policies that alleviate the financial burden on their citizens, such as waiving taxes or levies on transportation and goods affected by high fuel costs.
 
 
The House further mandated its special adhoc committee investigating fuels price increase to investigate and report back within two week for further legislative action. 
 
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PMS Prices Determined By Market Forces, No Price Deal With IPMAN – NNPC

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By Kayode Sanni-Arewa

The Nigerian National Petroleum Company (NNPC) Limited has debunked claims that it reached an agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN), on the price of Premium Motor Spirit (PMS), commonly known as petrol, saying fuel prices are now determined by market forces.

Reports credited to IPMAN President, Abubakar Maigandi had stated that NNPC agreed to reduce the ex-depot price of petrol for its members from N958 per litre to N955 per litre.

Refuting the claim in a statement on Wednesday, the Chief Corporate Communications Officer of the national oil company, Olufemi Soneye, emphasised that under the current deregulated regime, fuel prices are determined by free market forces, as provided for in the Petroleum Industry Act (PIA), 2021 rather than by agreements.

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Refuting any form of price deal with Marketers, Soneye said NNPC had only provided a one-time N3 discount to marketers with funds deposited at NNPC to facilitate fuel lifting and prevent shortage, saying the initiative “was a temporary measure”.

Maintaining that prices are still determined by market forces, not by NNPC Ltd, Soneye said, “The market has been deregulated, meaning that petrol prices are now determined by market forces rather than by the government or NNPC Ltd.

“There is no price agreement between IPMAN, NNPC, or any marketer. The market forces determine prices under the current deregulated regime.”

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