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FG Postpones Petrol Subsidy Removal, Says ‘Timing Was Problematic’

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The Federal Government has postponed the planned petrol subsidy removal till further notice due to “high inflation and economic hardship”.

Subsidy or under-recovery is the underpriced sales of premium motor spirit (PMS), better known as petrol.

The government had planned to stop subsidy payments on petroleum products from July this year.

Zainab Ahmed, minister of finance, budget, national planning, disclosed this on Monday in Abuja at a meeting with Senate President Ahmad Lawan.

The meeting had Timipre Sylva, minister of state for petroleum resources; representatives of oil companies, among others, in attendance.

Last week, Lawal had said Buhari did not direct the removal of petrol subsidy, saying their “constituents are raising concerns over the policy”.

The National Economic Council (NEC) said it is still considering the recommendations of its ad-hoc committee – which proposed full deregulation and N302 per litre for PMS.

Petrol subsidy payments gulped N1.43 trillion in 2021, shrinking revenue accrued to the federation account to N542 billion – a shortfall from the projected N2.51 trillion. In December 2021, Nigeria spent N270.83 billion to cater for the cost of petroleum shortfall.

The finance minister said the government had to reconsider its decision after the 2022 budget was passed.

Ahmed said petrol subsidy was provided for in the 2022 budget to run from January till June.

She, however, said that after consultations with stakeholders — in view of the high inflation and economic hardship – additional provisions would be made beyond the initial period.

According to her, it has become clear that the timing for the removal of petrol subsidy will be problematic as the country still experiences heightened inflation.

“Provision was made in the 2022 budget for subsidy payment from January till June. That suggested that from July, there would be no subsidy,” Ahmed said.

”The provision was made sequel to the passage of the Petroleum Industry Act, which indicated that all petroleum products would be deregulated.

“Sequel to the passage of the PIA, we went back to amend the fiscal framework to incorporate the subsidy removal.

“However, after the budget was passed, we had consultations with a number of stakeholders, and it became clear that the timing was problematic.

“We discovered that practically, there is still heightened inflation and that the removal of subsidy would further worsen the situation and impose more difficulties on the citizenry.

“Mr President (Muhammadu Buhari), does not want to do that. What we are now doing is to continue with the ongoing discussions and consultations in terms of putting in place a number of measures.

“One of these include the roll-out of the refining capacities of the existing refineries and the new ones, which would reduce the amount of products that would be imported into the country.

“We, therefore, need to return to the National Assembly to now amend the budget and make additional provision for subsidy from July 2022 to whatever period that we agreed was suitable for the commencement of the total removal.”

On his part, Lawan appealed to the leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to shelve their planned industrial action over subsidy removal as it has become unnecessary.

TheCable

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How I Made Buhari President in 2015 – Amaechi

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Former Rivers State Governor and ex-Minister of Transport, Rotimi Amaechi, has said that he, and not President Bola Tinubu, played the pivotal role in making late Muhammadu Buhari president in 2015.

In a Friday interview on Arise News’ Prime Time, Amaechi, who is now a presidential aspirant under the African Democratic Congress, addressed longstanding claims by Tinubu.

During his pre-2023 campaigning, Tinubu said Buhari would not have become president without him and that it was his turn to become one too.

But Amaechi explained that as a serving minister under Buhari, he could not publicly challenge Tinubu’s assertions to avoid risking his position.

“When we decided to form the APC, while I was a minister, (Tinubu) was claiming he made Buhari president and I couldn’t respond because I was a minister under President Buhari. That would have been suicidal because Buhari could fire you,” Amaechi said.

He continued, “So I couldn’t have said, ‘You are wrong.’ He didn’t make President Buhari president. Not only was I the DG of the campaign, but everybody will bear witness that I did all the battle.

“I led the Governors’ Forum, criss-crossed the country fighting here and there trying to get Nigerians to know that this is the time for change.”

Amaechi served as Director-General of Buhari’s 2015 and 2019 presidential campaigns.

He was a key figure in the 2013–2014 defection of PDP governors that helped form the APC alliance, which ultimately defeated President Goodluck Jonathan.

However, Tinubu was also instrumental in Buhari’s emergence, leading the merger of major opposition parties, including his Action Congress of Nigeria, to form the All Progressives Congress, which challenged and defeated the then-ruling PDP.

The remarks come amid Amaechi’s positioning for the 2027 presidential race as part of the growing opposition coalition under the ADC.

He has been vocal in recent months criticising the Tinubu administration over economic hardship.

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GLO: The Undisputed Digital Oxygen

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By Dr. Sani Sa’idu Baba

In medicine, oxygen is the invisible molecule upon which all human life depends. Remove it, and the body shuts down almost instantly. The brain weakens, the heart struggles, and every organ begins to fail. As someone who studies how the human body works, I have always understood the centrality of oxygen to biological existence. But in recent years, watching Nigerian society evolve in the digital age, I have arrived at another conclusion: connectivity has become the oxygen of modern civilisation.

Without network connectivity today, businesses freeze, students lose access to learning, hospital records fall into jeopardy, POS transactions struggle, markets slow down, and families become disconnected. Digital access is no longer a luxury; it is the infrastructure upon which modern life breathes.

And in Nigeria, one network increasingly stands out as the supplier of that digital oxygen: GLO.

Across campuses, markets, offices, villages, and urban centres, millions of Nigerians now depend on the Glo network for the daily rhythm of their lives. For students, it powers e-learning, research databases, virtual classrooms, and academic collaboration. For traders and entrepreneurs, it sustains mobile banking, online transactions, advertising, and customer communication. For farmers in rural communities, it ensures communication with farmland workers. For doctors and healthcare professionals, it enables telemedicine and rapid information exchange. In many homes, Glo is the invisible bridge connecting families separated by distance.

This is why many Nigerians increasingly describe Glo not merely as a telecom company, but as a necessity.

What is even more fascinating is the growing public confidence in Glo’s reliability, something I have personally witnessed. I recently observed a man asking a shop attendant to call his boss. After placing the call once, the attendant calmly replied, “Sir, his phone is switched off.” The man insisted he should call repeatedly before concluding. The attendant smiled and responded, “Sir, I am using Glo network. If Glo says the phone is unavailable, then it is unavailable.” Everyone around laughed, but beneath the humour was a powerful reality: people increasingly trust the reliability and clarity of the Glo network. That brief moment was more than a casual conversation; it was a testimony to the confidence Glo has quietly built among Nigerians.

The reality becomes even clearer during moments of national stress. In an era defined by climate change, unstable electricity supply, flooding, extreme heat, and infrastructural disruption, telecommunications networks face enormous pressure. Floodwaters damage fibre optic cables. Heat weakens sensitive electronic systems. Power failures destabilise base stations. Yet despite these challenges, millions of Nigerians continue to experience remarkable connectivity stability on Glo.

That stability is not accidental. Globacom has continued to invest heavily in infrastructure upgrades and network improvement projects aimed at enhancing customer experience nationwide. For millions of Nigerians, clearer calls and faster internet are no longer wishes but daily realities because of the company’s sustained commitment to expanding and strengthening its network systems.

What makes Glo exceptional is not simply its coverage, but its resilience. The company has increasingly embraced hybrid energy solutions involving solar systems and battery storage technology to reduce dependence on diesel-powered infrastructure. This improves network reliability during grid failures while simultaneously reducing environmental pressure. Glo has also undertaken extensive fibre reconstruction and relocation projects across Nigeria, redesigning network routes to withstand environmental disruptions such as flooding, erosion, and climate-related damage. Its investments in expanded spectrum capacity and advanced technologies have further improved efficiency, enabling stronger data delivery and smoother connectivity for subscribers across the country.

From my vantage point in Kano, a region experiencing intense heat and significant environmental pressure, the importance of resilient connectivity cannot be overstated. For traders in Sabon Gari Market, network access means economic survival. For students at Bayero University, it means uninterrupted learning and research. For countless young Nigerians trying to build digital businesses, it means opportunity itself.

In many respects, Glo functions like the respiratory system of Nigeria’s digital society. The Glo-1 submarine cable and Glo fibre optics act like lungs, bringing global bandwidth into the country. The national fibre network resembles blood vessels distributing connectivity nationwide. The 4G LTE base stations function like capillaries, delivering data directly to the individual user whether in Kano or far beyond.

The subscriber shouting “Glo Unlimited!” during a blackout while data continues flowing is not merely celebrating affordable internet. They are experiencing the result of years of investment, resilience engineering, and technological foresight.

Calling Glo “The Digital Oxygen” of Nigeria is therefore not poetic exaggeration, it is an acknowledgment of reality. In a country where millions now live, learn, trade, communicate, and dream through digital connectivity, Glo has become more than a network provider. It has become the vital breath upon which modern Nigerian life increasingly depends…

Dr. Sani Sa’idu Baba writes from Kano, and can be reached via drssbaba@yahoo.com

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Ooni of Ife, Wife Welcome Twin Sons

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The Ooni of Ife, Adeyeye Ogunwusi, has announced the birth of twin princes with his wife Mariam Ajibola, to the Royal House of Oduduwa.

The monarch disclosed this in a post shared on his official Facebook page on Friday, expressing gratitude to God for the safe delivery of the children and the wellbeing of their mother.

“To God be all the glory and adoration for His wondrous works and abundant blessings once again.

The announcement has drawn congratulatory messages from admirers and members of the Yoruba royal institution celebrating the arrival of the newborn princes.

After his marriage to Naomi Silekunola ended, the Ooni married several queens within a short period in 2022.

Among the queens are Mariam Anako, Elizabeth Akinmuda, Tobiloba Phillips, Ashley Adegoke, Ronke Ademiluyi and Temitope Adesegun.

During celebrations marking his 48th birthday and seventh coronation anniversary, the monarch explained that his marriages were connected to the traditional heritage and responsibilities attached to the throne of Ile-Ife.

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