Diesel Price Hits N950/litre, Manufacturers Fear Shutdowns, Job Losses After Tinubu Added VAT
Oil marketers, on Monday, said the foreign exchange crisis in Nigeria and the recent implementation of a 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel, had pushed up the cost of the commodity to between N900 and N950/litre in many states.
The development has made local manufacturers say that the situation may lead to the closure of some factories and job losses.
Speaking under the aegis of the Natural Oil and Gas Suppliers Association of Nigeria at a press briefing in Abuja, the marketers explained that their inability to access the United States dollars was impeding their ability to import diesel.
The National President, NOGASA, Benneth Korie, told journalists that the cost of diesel was around N650/litre before the Federal Government introduced a 7.5 per cent VAT on the commodity.
Credit to Prince Epeni B Donokoromor
It Is My Movement Not Yours’ – Portable Speaks On Romantic Affair With Late Alaafin’s Ex-Wife
Controversial Nigerian singer, Habeeb Okikiola, better known as Portable, has expressed his grievances over reports of an alleged romantic relationship with the ex-wife of late Alaafin of Oyo, Queen Damilola.
Credit to Eko4show
Good Leaders Aren’t Appreciated Until They Leave Office, Oshiomhole Praises Jonathan
The former governor of Edo State, Adams Oshiomhole, has said that Nigerians don’t appreciate good leaders until they leave office, noting that former President Goodluck Jonathan left enviable legacies behind.
The ex-national chairman of the All Progressives Congress (APC) confessed that he fought former President Jonathan out of office due to their differences in political interests.
He stated this at the one-year memorial lecture in honour of late Captain Hosa Okunbo, in Abuja today.
Oshiomhole said: “You (Jonathan) left legacies even though that I had cause to fight because it is politics. The legacy you have left, there is no successor who can afford to do less.
“But the logic of multi-party democracy is that even an angel can be defeated. You have set a standard that none of your successors can afford to go below.
“Part of your (Jonathan) legacies was when you launched the almajiri school and your thought was that no Nigerian child should be left on the street and also appropriated special funds.
“These ideas are not new but what we lack is the will to transform it to practice. We never know who are our friends until when we are no more.
“No one is appreciated until he or she leaves office,” he said.
Credit to Prince Epeni B Donokoromor
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