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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Tinubu In As Buhari Steps Out.....

President Tinubu waving to the crowd


Nigeria, yesterday, sworned Messrs Bola Ahmed Tinubu and Kashim Shettima as her new President and Commander-In-Chief of the Armed Forces and Vice President respectively. 

Prior to this, the immediate Past President, Major General Muhammed Buhari had days ago had  honoured the duo as with the titles such as  the 
Grand Commander of the Order of  Federal Republic ( GCFR) and Grand Commander of the Order of Niger, which are the two highest offices, which the country  honoured its newly democratically elected leaders with. Buhari spent two terms of eight year in office. 
At the  ceremony, which marked the end eight-year leadership of former President Muhammed Buhari, Heads of Governments ( Past and Present), Ambassadors, Secretary of States from  other countries,  Captains of Industries among others, were in attendance, with a view to mark the epoch making event.
The event, organised amid a  downpour in Federal Capital Territory ( FCT), which is the nation's seat of government,  Lagos,  Ibadan and other parts of the country,  was described by nationals as a good omen in the history of Nigeria, considering the travails, which the country has witnessed in the last two to three decades.  
This includes bad economy, huge debts, security problems, caused by insurgents, popularly known as Boko Haram, weakening foreign exchange , rising inflationary rates, amongst other challenges, which have had negative implications on Nigeria, as a safe country.
Recall that at the inception of his administration in 2015, the former President took over a state of the economy that needed an emergency ward treatment, with no so much care, as the larger percentage of the 220 million population, which Nigeria boasts of were complaining greatly..
However,  with the country organising 2023 election and the subsequent announcement of the results by the Chairman,  independent National Electoral Commission ( INEC) in-person of Prof Mahmood Yakubu, Nigerians have concluded that the election would herald New hopes to the country. 
Yes it is, as the country eventually began the innugurartion into office of her New and Vice President, days ago. 
While speaking during one of the pre-innuguration programmes in Abuja, President Tinubu said that two critical issues namely exchange rates and  removal of subsidy are not without pains, whenever the federal Government is ready to address them in order to move the nation's economy forward. 
With records spanning public and private sectors, the two term governor of Lagos State, who has ensured in moving the State's Internally Generated Revenue ( IGR) from N600million to over N51bilion through his economic knowledge, the new President surely has what it takes to assist in improving the nation's economy.
But as they always: Time will tell.


 



 


 

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