Facts and fallacies of fuel subsidy

Umana Okon Umana, an economist, is the former governorship candidate of the All Progressives Congress (APC) in Akwa Ibom State. In this piece, he highlights the fallacies associated with the fuel subsidy and what can be done to guarantee regular fuel supply for domestic consumption.

Many boisterous and healthy debates have broken out on social media platforms and, indeed, other fora on the recently adjusted price of petrol. But quite unexpectedly, some of the arguments are grounded in myths. Here are a few and my attempt to burst them.

Boko Haram: Murtala Nyako, Ibrahim Gaidam blast Edwin Clark, Akpabio

Following the call for a full scale state of emergency declaration which will replace the Governors of the affected states in the North-east with sole administrator by the an Ijew National Leder,  dwin Clark, the Governors of Adamawa and Yobe state, Murtala Nyako and Ibrahim Gaidam, on Sunday expressed their displeasure over such a call by Clark.

The three North Eastern states of Adamawa, Yobe and Borno have been under emergency rule declared by President Goodluck Jonathan since May 2013 with the democratic structures in the state remaining despite the emergency rule. But Mr. Clark has asked President Jonathan to heed his advice and appoint the sole administrators with immediate effect.

As a result of the called by Clark, Messrs Nyako and Gaidam issued a joint press statement through their respective spokesmen, Ahmad Sajoh and Abdullahi Bego, blasted him for liken the security situation in Yobe, Borno and Adamawa States with the situation in Ekiti state when an emergency rule was declared in that state during a previous administration.”

Alarm: Boko Haram Insurgents Now Disguise As Herdsmen

Nigerian Governors yesterday raised the alarm over the infiltration of their states by suspected mercenaries posing as Fulani cattle rearers. 

The bandits are quite different from Fulani and well-armed, the governors said. Boko Harm insurgents disguise as military men, they use AK-47 and their mission are not known, said the governors who fear that the insurgents may unleash terror on 17 states.