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Subsidy Series

Baru urges oil workers to sustain industrial harmony

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has reminded Oil and Gas workers in the country to sustain the industrial harmony the sector has enjoyed in recent times.

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POWER: FG, labour to resolve issues soon

Organised Labour in the power sector and the Federal Government have fixed April as deadline to resolve all pending labour issues to pave way to a seamless privatization of the Power Holding Company of Nigeria, PHCN. Already, both parties are said to have resolved less than 10 percent of their differences after the fourth round of meeting between both parties in Abuja.

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Revelations coming from the ongoing joint Senate Committee on Petroleum Resources (Downstream), Appropriation and Finance, probing the management of the subsidy funds are becoming more interesting. The committee established that the scheme has become a bazaar of some sort for all types of businessmen in the petroleum sector. They tagged it an avenue for sharing government’s free money.

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HOUSE PROBE: Reps expose portfolio investors

Revelations point to high level corruption,…as CBN, Customs trade blames over waivers
The managing director of the company suddenly became mute. No words uttered! This, after it was disclosed at the on-going House of Representatives probe on the management of subsidy funds, that his company got N2.3billion. His spokesman, Aminu Mohammed, had told the panel that the barely 28 year old man had been sick for over one year.

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Revelations from House probe on Subsidy

Never before has an investigation by the House of Representatives generated interest and following as the three week investigation on the management of the subsidy regime on petrol. It would be recalled that the House of Representatives had empanelled an Ad-Hoc committee chaired by a veteran member, Hon. Faruk Lawan, to investigate the management of the subsidy regime by the executive arm of government and report to the House.

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Deregulation, Subsidy Removal: My Stand — 1

Quite unlike you, your article on fuel subsidy has no definite stand i.e is subsidy desirable economically or are the agitators at fault to insist on subsidy? What is really the long term solution? A story in the SUN Newspaper heightened our fears and gave an indication that the protest front runners were induced to do so…Talk or speak frankly to all of us. Thanks. Idris.

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Revelations From House Probe: Wanted; Subsidy on sincerity

There is a need to subsidise the statements coming from government with sincerity. And that is based on facts available–that this government lacks honesty and sincerity. At a time like this, President Goodluck Jonathan must be asking himself why he has become the butt of criticism and ridicule on account of the mess his administration’s handling of the subsidy regime has become.

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