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NNPC station in Abuja sells petrol at N537 per litre

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NNPC station in Abuja sells petrol at N537 per litre

The Nigerian National Petroleum Company Limited (NNPC) has adjusted the price of Premium Motor Spirit (PMS) to as high as N537 per litre in Abuja. This is coming after the subsidy removal was announced by president Bola Tinubu on Monday.

The new price is already being reflected at some NNPC filling stations in Abuja. For example, the NNPC Mega Station, Wuse Zone 6, is selling petrol at N537 per litre.

The increase in the price of petrol is likely to have a significant impact on the cost of living in Nigeria. It is expected to lead to higher transportation costs, which will in turn push up the prices of goods and services.

The government has said that the subsidy removal is necessary to save the country money. However, many Nigerians are concerned about the impact that the higher prices will have on their lives.

It remains to be seen how the government will address the concerns of Nigerians. However, it is clear that the subsidy removal is a major policy change that will have a significant impact on the country.

Impact of the subsidy removal

The removal of the subsidy on petrol is likely to have a number of negative impacts on the Nigerian economy. These include:

Increased inflation: The higher price of petrol is likely to lead to increased inflation, as businesses pass on the higher costs to consumers. This will make it more difficult for people to afford basic necessities.
Reduced economic growth: The higher cost of transportation is likely to reduce economic growth, as businesses will be less likely to invest and expand. This will lead to job losses and a decline in living standards.
Increased poverty: The higher cost of living is likely to push more people into poverty, as they will be unable to afford basic necessities. This could lead to social unrest and instability.
Government’s response

The government has said that it will use the money saved from the subsidy removal to fund social programs and infrastructure projects. However, it is unclear whether these measures will be enough to offset the negative impacts of the subsidy removal.

The government also needs to ensure that the removal of the subsidy is done in a fair and transparent manner. This means that all Nigerians should have access to petrol at the new price, regardless of where they live.

The subsidy removal is a major policy change that will have a significant impact on the Nigerian economy. The government needs to carefully manage the process to minimize the negative impacts and maximize the benefits.

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“So you won’t greet me?” – Moment governor Sanwo Olu mets Mr Macaroni at Tony Elumelu’s all-white party

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A viral video circulating online shows the moment the popular comedian, Mr Macaroni seemingly snubs the Lagos state governor,

Babajide Sanwo-olu at Tony Elumelu’s all-white party.

It would be recalled that the business tycoon, Tony Elumelu hosted an all-white party,

and the event was attended by many Nigerian A-listers in various sectors.

Lagos state governor, Babajide Sanwo-Olu. A video circulating online shows the moment

Mr Macaroni seemingly chooses not to greet the Lagos state governor after he arrived at the party.

Governor Sanwo-olu and Tony Elumelu were seen walking together and

Mr Macaroni greet the businessman but clearly chose not to greet the governor. Mr Macaroni.

The governor, noticing that he didn’t greet him also, decided to ask him if he wouldn’t greet him.

At this point, the comedian then greeted the politician, with a slight bow and a shake of hand.

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“A blend of beauty and intellect” – Ooni of Ife celebrates daughter on her birthday

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The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi-Ojaja II, is celebrating his beloved daughter as she turns a new age today.

He shared beautiful pictures of her and wished her a happy birthday,

complimenting her on her intelligence and beauty combined.

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi-Ojaja II

He said that he has always been proud of her tremendous development,

especially after seeing how successful she has become in all of her endeavours.

The monarch prayed for her and encouraged her to keep forging ahead,

saying that the sky was no limit to him.

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Video: “My house was loaded with excitement” MC Oluomo waxes enthusiastic as Wizkid pays him a surprise visit

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Lagos Chairman of NURTW, Musiliu Akinsanya was taken aback as award-winning singer, Wizkid paid him a surprise visit at his Lagos residence.

Taking to his Instagram page to share videos from the surprising moment,

MC Oluomo revealed that Wizkid had paid him an unexpected visit,

which brightened his day as the singer had a captivating charm and humble nature.

He stated that Wizkid’s presence radiated an unmatchable blend

of raw talent and humility and their conversation was a testament

to his magnetic personality, which left a lasting impression on him.

MC Oluomo added that he was left marveled at his singing prowess and consistent warmth,

which made him double his respect and admiration for him.

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