FRIDAY 21TH JANUARY 2022

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NEC: Fuel Subsidy Stays for Now, But May Be Removed Before Year End Says petrol costs 100% more in neighbouring countries Reveals that N2trn spent on subsidy in 2021 Accuses NNPC of failing to fund FAAC to the tune of N200bn monthly in 2021 Deji Elumoye, Onyebuchi Ezigbo and Emmanuel Addeh in Abuja The National Economic Council

(NEC) yesterday allayed fears of Nigerians about the possible removal of fuel subsidy early in 2022, saying the policy would remain for now.

It, however, did not rule out the possibility of the subsidy being removed before the end of this year. These formed part of the

resolutions of NEC at its maiden meeting in 2022 held at the Conference Hall of the State House, Abuja, with Vice President Yemi Osinbajo presiding.

NEC which meets monthly is constitutionally empowered to advise the president on nation's economic matters. The federal government had

disclosed plan to phase out the fuel subsidy regime by the second half of this year. Continued on page 10

Komolafe Confirms NNPC as Holder of Addax’s OML Licences... Page 6 Friday 21 January, 2022 Vol 26. No 9782. Price: N250

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IMF Proposes $50bn Trust Fund to Help Low-income Countries

Ndubuisi Francis in Abuja

As the COVID-19 pandemic continues to exert heavy strain on the global economy, L-R: Asst Director, Nigeria Communication Commission, Mr. Moses Iyi; Asst Director, National Lottery Regulatory Commission, Mr. Martins Oteh; Car prize winner, Patrick Obekpa; Representative the International Monetary of the President, National Industrial Court, E.N. Agbakoba; Nollywood actor, Rachael Okonkwo; Globacom’s North Central Regional Manager, Kazeem Kaka, at the prize-presentation ceremony Fund (IMF) is proposing a for winners in Globacom’s Joy Unlimited Extravaganza Promo held in Abuja… yesterday

Continued on page 10

Buhari: El-Rufai is Writing His History in Letters of Gold Vows never to let anyone impose himself on Nigerians Deji Elumoye in Abuja and John Shiklam in Kaduna President Muhammadu Buhari, yesterday, while inaugurating some projects in different parts of Kaduna State, gave a generous pass mark to the Northwestern state governor, Malam Nasir El-Rufai, saying he was writing history in letters of gold. Buhari, who confessed to having taken El-Rufai’s loyalty for granted, and went on to profusely thank him, however, vowed never to let anyone raise an army of thugs with a view to forcing himself on Nigerians, as the nation journeys through

the next national elections. The president was in Kaduna for a two-day working visit, and arrived Wednesday night from Banjul, Gambia, where he attended the inauguration of President Adama Barrow, for a second term of office. Buhari, who flew in a helicopter, landed at the Murtala Square and commissioned the remodelled Square. Received by El-Rufai and top government functionaries, the president commenced his activities in Kafanchan, where he commissioned some road projects under the Urban Continued on page 10

Abdulsalami: Nigeria at Crossroads, IN PURSUIT OF HIS LIFELONG AMBITION... Governor of Lagos State and one of the National leaders of All Progressives Congress, APC, Bola Ahmed Tinubu (L) with former Military Insists Nation is Bleeding... Page 12 Former President, General Ibrahim Badamosi Babangida, when Asíwájú visited him at his hilltop residence in Minna, Niger State...yesterday


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