News
Senate confirms appointment of 21 RMAFC commissioners
The Senate has confirmed the appointments of 21 federal commissioners for the Revenue Mobilization Allocation and Fiscal Commission.
The Senate confirmed the nominees after Yahaya Abdullahi, senator representing Kebbi north, presented a report.
President Bola Tinubu appointed the nominees in August and therefater sought the senate’s confirmation.
Abdullahi, chair of joint committee on national planning and economic affairs and finance, said all the nominees are fit to hold public office.
The ex-majority leader said with these appointments, every state in the country is represented on the RMAFC board.
“That the senate do confirmation of the 21 nominees that makes the commission to be of its full complement,” he said.
“That means every state now has a represenation at the board.”
The new commissioners are:
Linda Oti (Abia)
Akpan Effiong (Akwa Ibom)
Enefe Ekene (Anambra)
Prof. Steve Ugba (Benue)
Chief Eyonsa (Cross-River)
Aruviere Egharhevwe (Delta)
Nduka Awuregu (Ebonyi)
Victor Eboigbe (Edo)
Wumi Ogunlola (Ekiti)
Ozo Obodougo (Enugu)
Kabir Mashi (Katsina).
Adamu Fanda (Kano)
Dr. Kunle Wright (Lagos)
Aliyu Abdulkadir (Nasarawa)
Bako Shetima (Niger)
Samuel Durojaye (Ogun)
Nathaniel Adejutelegan (Ondo)
Saad Ibrahim (Plateau)
Modu-Aji Juluri (Yobe)
Bello Garba (Zamfara)
Mohammed Usman (Gombe).
News
BREAKING! FG delegation in meeting with NLC, TUC
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.
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.
News
Reps Ask FG To Reverse Petrol Pump Price Hike, Cooking Gas Price
News
PMS Prices Determined By Market Forces, No Price Deal With IPMAN – NNPC
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.
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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