Rethink Your Policy on Fuel Subsidy, World Bank Tells Nigeria Insists the rich benefit more from fuel subsidy than the poor Says barriers distorting country’s trade flows Obinna Chima in Washington DC and Nume Ekeghe in Lagos The President of the World Bank Group, Mr. David Malpass has once more reiterated the need for
Nigeria’s federal government to reconsider its policy on fuel subsidy, saying that the huge amount being expended on the policy could be channeled to other critical sectors. Malpass said this yesterday, while
responding to a THISDAY question during a media briefing at the ongoing World Bank/International Monetary Fund Spring Meetings in Washington DC. The Senate last week approved
the total sum of N4 trillion for petrol subsidy in 2022. The figure represented the amount contained in two separate requests by the President to the National Assembly for approval. The President, had in a letter to the
Legislature dated 10th February, 2022, sought an additional N2.557 trillion to fund subsidy payments from July to December, 2022. The World Bank had last November sounded the alarm bells
to Nigeria, saying further delay in removing the fuel subsidy which had been described as a major drain and waste on the economy could Continued on page 10
Oil Theft: Ex-NNPC General Manager Says FG Could Have Saved $20bn by Deploying Technology to Tackle Menace… Page 5 Thursday 21 April, 2022 Vol 27. No 9872. Price: N250
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At Close of Nomination, 17 PDP Presidential Aspirants Beat Deadline
Ayu to Amaechi: We don't want president that can run round stadium like Usain Bolt, but can’t run railway transportation
Chuks Okocha in Abuja
L-R: Speaker, House of Representatives, Femi Gbajabiamila; Senate President, Senator Ahmad Lawan; Vice President Yemi Osinbajo; President Muhammadu Buhari; APC Chairman, Senator Abdullahi Adamu; and APC Secretary, Iyiola Omisore, during the party's National Executive Committee (NEC) meeting held at the Transcorp Hilton Hotel, Abuja...yesterday PHOTO: GODWIN OMOIGUI
At the close of the submission of completed presidential nomination Continued on page 10
Buhari to APC Leaders: Avoid Dictatorial Behaviour, Imposition of Unpopular Candidates NEC transfers own powers to NWC for 90 days Adamu alleges feud between govs, predecessors tearing party apart No explicit discussion on mode of primaries, says Bagudu Party pegs presidential form at N100m, holds primary May 30/June 2 Sale of forms commences April 22 Adedayo Akinwale in Abuja President Muhammadu Buhari, yesterday, told the 11th National Executive Committee (NEC) meeting of the ruling All Progressives
Congress (APC) in Abuja that the party’s leaders must eschew imposition of candidates if APC was to emerge victorious in the Continued on page 10
Presidency: Why Dariye, ABIODUN ON INVESTMENT DRIVE TO PARIS... Minister of Transportation, Jean Batiste Djebari (left) and Ogun State Governor, Dapo Abiodun at a meeting on the European country's readiness to partner Nyame Were Pardoned... Page 38 French with Ogun State on the ongoing International Agro-Cargo Airport, the Olokola Deep Seaport project and light rail project in Paris... yesterday