News
Bola Tinubu: So Far, 1 African Country Fuel Subsidy Removal In Nigeria Has Affected
- It has been revealed that President Bola Tinubu’s announcement of the removal of fuel subsidy has started affecting some African countries
- So far, the price of fuel has increased in the Benin Republic, a neighbouring West African country since the Nigerian President topped the subsidy regime
- There are reports that most of the subsidized petroleum products in Nigeria are being smuggled to Benin and were being sold on the roadside
President Bola Tinubu on Monday, May 29, pronounced that “fuel subsidy is gone” while taking the oath of office in Abuja. The announcement by the new administration has held the country at ransom as fuel marketers immediately increase the fuel price while some filling stations closed.
However, the effect of the removal of the fuel subsidy was not only felt in Nigeria but also in neighboring countries.
How fuel subsidy removal in Nigeria affected Benin Republic
So, far, fuel price has increased in Benin, a neighbouring country, the same week Nigeria scraped the existence of the fuel subsidy regime.
According to BBC Pidgin, petrol prices in the West African country increased in the same week that announced the removal of the fuel subsidy. Gasoline price has increased from 450 CFA to 700 CFA or even 800 CFA”, a Benin-based person, Clément Sodji tells BBC.
There are reports that some of Nigeria’s subsidized petroleum products are being smuggled into the Benin Republic and the commodity is mostly being sold by the roadside. It was also reported that the product was serving a large population of the West African country.
Who removes the fuel subsidy in Nigeria?
President Bola Tinubu announced the removal of the fuel subsidy on his inauguration day, and within a few hours, fuel marketers inflated the price while some petrol stations later closed, saying they have ran out of the commodity.
The government team later came out to explain that the removal of the fuel subsidy will take effect from the end of June as stipulated in the 2023 budget.
However, on Wednesday, May 31, the Nigeria National Petroleum Corporation (NNPC) Limited announced that the government has officially stopped subsidizing the commodity.
Subsidy removal: NLC planned strike suffers setback as union divided
Fedpolygist earlier reported that the NLC planned protest against the removal of the fuel subsidy by President Bola Tinubu has suffered a major setback.
It was learned that the northern and southwest states chapter of the NLC has resolved to back out of the strike scheduled to begin on Wednesday, June 14. The division in the union followed the allegation by Bayo Onanuga, a chieftain of the APC, that NLC chairman, Joe Ajaero, was working for the opposition Labour Party to destabilize the country.
Education
1ST NIGERIAN TERTIARY INSTITUTIONS CONFERENCE ON UN SUSTAINABLE DEVELOPMENT GOALS (SDGS) ESSAY COMPETITION
Competition Overview:
The SDG Youth Essay Competition offers a grand prize of N1 million for the top three winners, along with free sponsorship to attend the 1st Nigeria Tertiary Institution Conference on Sustainable Development Goals (SDGs) in April 2024 in Abuja.
Competition Requirements:
1. Eligibility:
– Open exclusively to undergraduates in Nigerian tertiary institutions.
2. Entry Guidelines:
– Topic:The Role of Students in Attainment of SDG4
– length: Essays should be 1500 words.
– Entry Period: Thursday, February 1, 2024 – Thursday, February 29, 2024
– Referencing: APA Style (6th Edition).
– Font: Times New Roman, 12-point font size.
– Documentation: Typed in 1.5 line spacing, MS Word format only.
– Plagiarism: Only original content is accepted; plagiarized entries will be disqualified.
Benefits:
– Prizes:
– 1st Prize: N500,000
– 2nd Prize: N300,000
– 3rd Prize: N200,000
– Winners will also receive free sponsorship to attend the 1st Nigeria Tertiary Institution Conference on Sustainable Development Goals (SDGs) in April 2024 in Abuja.
Required Documents:
– Student’s Institution ID Card
– Copy of Student’s Admission Letter
– One recent passport-size photograph
– WhatsApp telephone number and email address
Application Procedure:
– All entries and submissions (essay and required documents) should be scanned and sent to nigeriaessay@sdgyouth.org before the deadline.
For Further Inquiries:
– Call: 08068931151, 08133846739, 07067772964
– Email: nigeriaessay@sdgyouth.org
Deadline: February 29th, 2024
Don’t miss this opportunity to contribute to achieving SDG4 and win exciting prizes. Submit your entry and required documents before the deadline. For any inquiries, feel free to contact them via phone or email.
Competition Overview:
The National Essay Competition invites undergraduate law students to showcase their expertise and contribute to the discourse on AI, privacy, and data protection. In addition to cash prizes, participants have the chance to intern with Pentagon Partners, gaining valuable hands-on experience.
Competition Requirements:
1. Eligibility:
– The competition is open to 400-level and 500-level undergraduate law students in Nigerian universities.
2. Essay Requirements:
– Length: Essays should not exceed 1500 words.
– Format: Double spaced, 12pt Times New Roman font.
– References: OSCOLA format for citations with 10pt font size for footnotes and endnotes.
– Submission Format: Essays must be submitted in PDF format.
– Entrant Details: Include full names, school, level, phone number, and email address in both the body of the email and on the last page of the essay.
– Single Entry: Each entrant is allowed only one submission.
– Originality: Plagiarism will result in automatic disqualification.
Competition Benefits and Timeline:
1. Prizes:
– Winner: N200,000
– 1st Runner Up: N150,000
– 2nd Runner Up: N100,000
2. Internship Opportunity:
– In addition to cash prizes, winners have the exclusive opportunity to intern with Pentagon Partners, enhancing their career prospects.
Application Procedure:
– Interested participants should submit their essays to essay@pentagonpartnerslp.com during the submission period.
– The subject of the email should be the Essay topic
For additional information and updates, visit www.pentagonpartnerslp.com.
Deadline: March 22nd, 2024
Don’t miss this chance to showcase your legal expertise, contribute to important discussions on AI and law, and vie for enticing cash prizes. Pentagon Partners looks forward to receiving your submissions.
Purpose:
Inaugurated in 2020, the CDEC is part of SystemSpecs’ Corporate Social Responsibility (CSR) commitment to promoting capacity development in the Nigerian ICT industry. By encouraging young Nigerians to tackle everyday issues, the competition contributes to intellectual growth and societal progress.
Topic:
The theme for the 2024 competition is “Protecting the Nigerian Child from the Dangers of Online Technology.” Participants are tasked with exploring strategies to safeguard children in an increasingly digital world.
Eligibility:
– Open to primary and secondary school students in Nigeria aged 9 to 16.
– Junior category (ages 9 to 12) essays must not exceed 1,000 words.
– Senior category (ages 13 to 16) essays must not exceed 1,500 words.
Prizes:
– Winners will receive generous rewards, including a high-capacity laptop, premium headphones, a portable laptop stand, a smart wristwatch, and one year of internet data, among other items.
– Consolation prizes will be awarded to other participants.
Application Process:
– Interested candidates should access the application page
– Essays must be written in English and reflect original thought.
– Each participant is limited to one entry.
– Entries must be endorsed by an accredited school official, parent, or legal guardian.
– Deadline for submissions is April 12, 2024.
Submission Guidelines:
– All submissions must be in PDF format and include the student’s name, home and school addresses, email address, and contact phone number.
– Double entries will result in automatic disqualification.
– Submissions must be received by March 15, 2024, at 5:00 p.m.
Notification of Winners:
– Successful students and schools will be contacted in the second quarter of the year.
– Updates on winners will be announced on @nercng social media platforms.
The SystemSpecs Children’s Day Essay Competition offers a unique opportunity for Nigerian students to demonstrate their creativity and problem-solving skills. By addressing the theme of online child protection, participants contribute to building a safer and more secure digital environment for all. We encourage eligible students to seize this opportunity and showcase their talent and ingenuity.
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