[BREAKING] Coastal Highway: FG to Pay N2.75bn Compensation Today
The Minister of Works, David Umahi, announced that the Federal Government will pay N2.75 billion compensation to property owners affected by demolition for the construction of the Lagos-Calabar Coastal Highway. The compensation is for those impacted from channel 0 to channel 3, with more compensation expected to be paid in the future.
Police Arrest Phone Snatcher Who Stabbed Lady in Yobe
The Police Response Unit, Haba Maza, in collaboration with the State Intelligence Department, has apprehended Sani Musa of Nayi-Nawa ward, Damaturu, in connection with the stabbing of a young salesgirl. Musa was found in possession of the victim's snatched cell phone along with assorted charms. He confessed to the crime during police interrogation. An investigation is ongoing, and proactive measures have been taken to prevent similar incidents in the future.
NNPCL Has 1.5bn Litres of Petrol in Storage That Can Last 30 Days – House of Reps
The House of Representatives Committee on Petroleum Resources, Downstream and Midstream, reassured Nigerians that the Nigerian National Petroleum Company Limited (NNPCL) has approximately 1.5 billion litres of petrol in storage, which can last for 30 days. Despite the recent resurgence of fuel queues at petrol stations, the committee attributed the issue to logistical challenges rather than a shortage of petrol. The committee engaged with stakeholders in the distribution value chain to ascertain the cause of the queues and expressed optimism that the situation would be resolved soon. They urged Nigerians not to engage in panic buying and assured them of adequate petrol supply.
Nigerian govt applying quasi-subsidy on fuel price – TUC President, Osifo
Festus Osifo, President of the Trade Union Congress, revealed that the Nigerian government is implementing a quasi-subsidy on fuel by providing special foreign exchange concessions for product importers. This approach has kept the pump price of fuel between N617 and N700 despite fluctuations in forex rates. Osifo emphasized that without this intervention, fuel prices could have exceeded N1200 per liter. The government removed fuel subsidy in June, aiming to end scarcity, but recent days have seen a resurgence of fuel scarcity, exacerbating hardship for Nigerians.