By Jonathan Ugbal The strike action proposed by the Nigeria Labor Congress, NLC and Trade Union Congress, TUC over the removal of subsidy on Premium Motor Spirit, PMS, popularly known as fuel, has been called off following engagements of both labor centers and the Federal Government. Dozens of National Unions yesterday voted to join the
I’ve been racking my head for some time now to really decipher what exactly is wrong with the Nigerian subsidy on fuel that it should be removed. I have also seen people who together, we vehemently rejected and protested against the removal of fuel subsidies, now defending the same thing we resisted some years ago,
By Patrick Obia As the scarcity of Premium Motor Spirit (PMS) better known as fuel and the hike in transportation continues to range, the Governor of Cross River State, Senator Bassey Otu has constituted an 11-man Joint Task Force team to monitor and as well as seal petrol stations in the State selling above the
By Bakare Majeed, Premium Times Nigeria President Bola Tinubu has declared that there would no longer be a petroleum subsidy regime as the current 2023 budget he glimpsed does not contain it. He stated this on Monday in his inaugural address at the Eagle Square, Abuja. The current 2023 budget has provision for the fuel
Debt Management Strategy: Senator Prince Otu should develop a comprehensive debt management strategy that focuses on reducing the debt burden over time. This strategy could include measures such as debt restructuring, renegotiating loan terms, and exploring options for refinancing at lower interest rates. It is important to prioritize debt repayment while ensuring the sustainability
Getting money cannot be disconnected from a skill, a product, a service or value addition. Unless you want to live on alms or charity. Even if it is inherited fortune, someone must have used a skill, sold a product or offered a service or added value, in the past, to earn that which you have
According to figures from the National Bureau of Statistics NBS and the Debt Management Office DMO, Cross River’s external debt grew from $184.6 million in June 2021 to $279.71million (N129,640,000000. current official exchange rate), in December 2021. While our internal debt has also risen from N159 billion to N197.2 billion at the end of December
In 2019, despite being the only State out of the 36 states of the Federation that exceeded the borrowing ceiling due to a high debt burden, Cross River State Government went on to acquire loans including an unapproved foreign loan of N1.4 billion for what it tagged “AFD CRS National Program for Food Security”. The