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Fuel Scarcity Hampering Business Activities in Nigeria- ACCI Boss

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The Abuja Chamber of Commerce and Industry (ACCI) says the persistent  fuel scarcity is hampering the ease of doing business in the country.

The ACCI President, Emeka Obegolu, who stated this in a statement on Thursday, called on the Federal Government to urgently resolve the challenge.

“The fuel shortage has made it more expensive for people and businesses to transport goods and conduct transactions, frustrating the ease of doing business.

“The current fuel scarcity is hurting businesses and hampering economic activities. We urge the government to address the root causes of this problem as a matter of priority,” Obegolu said.

Obegolu said the scarcity made some unpatriotic citizens increase fuel prices in some parts of the country, leading to a consequent increase in transportation fares and logistics costs.

He expressed hope that the upcoming Dangote refinery and other new refineries would help eliminate this ugly trend and make Nigeria self-sufficient and less reliant on fuel imports.

The leader of the Organised Private Sector in the Federal Capital Territory called on NNPCL to expedite the distribution of petroleum products across the country.

According to him, the availability of the product will ease speculations and reduce the hardship Nigerians are facing due to the fuel shortage.

“ACCI as the leading voice of the private sector in FCT will continue to be at the forefront of advocating for policies and interventions that support the growth and development of businesses,” Obegolu said.

Reports says that the Nigerian National Petroleum Company Limited (NNPCL), assured Nigerians that the fuel queues across the nation would soon be cleared.(NAN)

NEWS

Midterm Appraisal of Akpabio-led Tenth Senate

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When Godswill Obot Akpabio, Senator representing Akwa Ibom North-West District, was elected as the President of the 10th Senate on 13th June 2023, there were high expectations from his distinguished colleagues and the Nigerian public. The expectations were based on Akpabio’s glittering political resume and track record at the state and federal levels.

Two years later, the accomplishments of the Upper House under his leadership justified his election and validated the expectations.

Stability in the Senate

An appraisal like this takes into account both tangible and intangible indicators. Watchers of parliament know that the Presiding Officer is just first among equals and serves at the pleasure of members.

Therefore, the role requires great political sagacity and astuteness to perform.

Because the politics in a vibrant Parliament is rather unpredictable, stability becomes a priority in the hallow chamber since nothing can be achieved under chaos.

The 10th Senate has been politically stable and united in the past two years despite the occasional tension and distractions typical of a democratic setting.

The distractions became occasions for Akpabio to demonstrate his tremendous leadership capacity, tolerance, diplomacy and courage.

Recall when an allegation arose that the 2024 budget had been padded with N3.7 trillion, representing more than 10 percent of the entire budget of N28.78 trillion. Akpabio ensured that the allegation was addressed transparently in the full glare of live television. After an exhaustive debate during which the allegation could not be substantiated, the Senate decided to suspend the author of the allegation, Senator Abdul Ningi (PDP-Bauchi) for three months for “violations of legislative rules, allegations of misconduct and unethical behaviour for the interview he granted on BBC media on the 2024 Appropriation Act.”

Another case is that of Senator Natasha Akpoti-Oduaghan(PDP-Kogi), who was suspended for six months for “total violation of the Senate Standing Rules and for bringing the Presiding Officer and entire Nigerian Senate to public opprobrium.”

Despite those incidents, Akpabio has retained the trust of his colleague-Senators and sustained the cohesion of the multi-party Assembly. It is noteworthy that the 10th Senate, on three occasions, passed a Vote of Confidence in Akpabio’s leadership. This showed that those distractions were properly managed.

There have been changes in the composition of the Body of Principal Officers, but the changes were not on account of internal crises in the Red Chamber. Barely four months after the inauguration of the 10th Senate, Senator Oyelola Ashiru (APC-Kwara) was elevated from his post of Deputy Chief Whip to replace Senator David Umahi (APC-Ebonyi) as Deputy Leader of the Senate. Senator Umahi exited the Senate to take up an appointment as Minister of Works.

Senator Onyekachi Nwebonyi(APC-Ebonyi) was consequently made the Deputy Chief Whip. That was in October 2023. By the following month, November, Senator Abba Moro ( PDP-Benue) replaced Senator Simon Nwadkwon (PDP-Plateau) as Minority Leader, while Senator Osita Ngwu (PDP-Enugu) replaced Senator Darlington Nwokocha (Labour Party-Abia) as Minority Whip. Both Nwadkwon and Nwokocha were sacked from the Senate by the Court of Appeal.

In July 2024, the Senate removed Senator Ali Ndume (APC-Borno) as Senate Chief Whip, acting on the directive of his party, the All Progressives Congress (APC). He was replaced by Senator Mohammed Tahir Monguno (APC-Borno).

Akpabio’s leadership has ensured the red chamber is stable and conducts proceedings to produce optimal results from its statutory functions.

Legislature/Executive Relationship

The 10th Senate and the 10th National Assembly, under the Chairmanship of Godswill Akpabio, have maintained an excellent relationship with the other arms of government, particularly the Executive. The collaboration with the Executive has been seized by the usual critics to mock the 10th Assembly as a “rubber stamp” of the Executive. But Akpabio’s leadership team has remained focused on the ultimate goal of providing good governance through productive synergy with the Executive.

Legacy Achievements

The stability within the parliament and cordial relationship with the Executive through collaboration have yielded good fruits through the passage of legislation and motions that impact the lives of Nigerians.

Nigerians across the political divide lauded the Local Government Financial Autonomy Act, which grants local governments greater control of their resources, laws establishing Regional Development Commissions to drive development initiatives concerning economic, social and infrastructural development in each of the six geopolitical regions in the country and the National Minimum Wage ( Amendment) Act, 2024 which raises the minimum wage from 30,000 naira to 70,000 naira.

There is also the Students Loans (Access to Higher Education) (Repeal and Re-enactment)Act, 2024, which establishes the Nigerian Education Loan Fund (NELFUND) to grant students zero-interest loans for higher education and the Nigerian tax reform legislation, which comprises the Nigeria Tax Bill, Nigeria Tax Administration Bill, Joint Revenue Board (Establishment) Bill, and the Nigeria Revenue Service (Establishment) Bill.

The overall objectives of the Tax Reform bills are to stimulate economic growth, improve tax compliance and foster a more equitable tax system.

The 10th Senate has considered and passed many establishment bills for universities and other tertiary and agricultural Institutions across the country.

These are just a few. In all, the 10th Senate, within two years, introduced 844 bills, out of which 107 are now at the committee stage while 206 are awaiting first reading. A total of 409 bills are at the second reading stage, while the Upper House has passed 96 bills, out of which 56 have been signed into law by the President.

The Senate has already indicated that, in the second half of 2025, it will prioritise the review of the 1999 Constitution for which a 47-member Constitution review/amendment panel headed by the Deputy Senate President, Barau Jibrin, has been set up. Nigerians can look forward to fundamental constitutional reforms that will touch on the creation of a State Police, greater women’s inclusion in governance through the provision of special seats in parliament and comprehensive electoral reforms.

Oversight/Security

The 10th Senate takes very seriously its oversight function. Its various committees have been reaching out to government Ministries, Departments and Agencies(MDAs) under their respective jurisdiction.

To further underscore its concerns about the state of security in the country, besides the several interactions with the Security Chiefs and increased budgetary allocation, the Senate in May, took a step further by setting up a special panel headed by the Senate Leader, Opeyemi Bamidele, to convoke a National Summit on security aimed at finding a way out of the rampant killings in the country.

Akpabio’s Senate Presidency is delivering on governance and with the continued support of his distinguished colleagues, more legacy achievements abound to the credit of the 10th Senate and the 10th National Assembly in general.

***Awoniyi, media aide to Senate President, writes from Abuja

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Foreign News

Israel Claims Control of Tehran’s Skies as Deaths Mount on Both Sides

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The Israeli military said on Monday it had gained control of airspace over Tehran and destroyed a third of Iran’s surface-to-surface missile launch pads.The casualties mounted on the fourth day of the conflict between the two regional powers.Military spokesperson Effie Defrin said that more than 50 Israeli fighter jets and precision missiles were involved in the strikes overnight.

This was targeted and destroyed over 120 Iranian launch pads.
Missile depots and production facilities were also hit, he said.According to Defrin, Iran launched 65 missiles and dozens of drones at Israel overnight apparently only about half of what Iran’s military had intended to fire.“We thwarted a significant portion of the planned attack.
“We can now say that we have achieved full air superiority in the skies over Tehran,’’ he said.He added that Israeli forces were continuing to target units actively attempting to launch missiles or engage Israeli aircraft.Since Friday, Israel has carried out widespread strikes on Iranian territory, including nuclear sites, defence installations, urban targets, and oil and gas infrastructure.According to the military, the attacks have also killed several high-ranking officers and nuclear scientists.Defrin reiterated that the operation’s central aim is to prevent Iran from developing nuclear weapons and long-range missiles.He said strikes would now expand further east into Iran.“We still have difficult days ahead,but we will get through them together and emerge victorious,” he said.Iranian strikes kill eightIsrael’s Defence Minister Israel Katz on Monday promised harsh retaliation against Tehran following a fresh wave of deadly Iranian rocket attacks on Israeli cities overnight.Iran had carried out targeted shots at the civilian home front in Israel, he said, adding that “residents of Tehran will pay the price and soon.’’According to emergency services, eight people were killed and 92 injured in the overnight attacks.The total number of fatalities in Israel since Friday now stands at 23.Emergency officials reported four strikes in the Tel Aviv area.U.S. Ambassador to Israel Mike Huckabee said the embassy’s branch office in Tel Aviv sustained “minor damage from concussions’’ caused by a nearby impact, but no injuries were reported.Iran casualties mountAt least 224 people have been killed in Iran since the Israeli attacks began last week, the Health Ministry said.Some 1,277 had been injured, a ministry official wrote on X on Sunday. More than 90 per cent of the casualties were civilians, the spokesman said.Iranian media reported that an Israeli strike hit a hospital in the western city of Kermanshah, with a video from the Shargh newspaper showing a damaged intensive care unit and a blood-stained bed.An Israeli army spokesman said the reports are under investigation.Under international humanitarian law, hospitals are protected civilian sites and may only be targeted if clearly used for military purposes. (dpa/NAN)

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NEWS

Insecurity: CDS Arrives Scene of Friday Night Attacks in Benue

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The Chief of Defence Staff (CDS) Gen. Christopher Musa, has arrived Yelwata town in Guma Local Government Area of Benue, where scores were killed in a coordinated attack on Friday night.Report says that his visit followed the prolonged attacks on communities in the state by armed herders/bandits.

Musa is expected to meet with Gov.
Hyacinth Alia in Government House before leaving. Report says that the Inspector General of Police (IGP), Mr Kayode Egbetokun, is also expected in Benue for a working visit.
(NAN)

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