OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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QUEUES RESURFACE IN FILLING STATIONS AS TINUBU DECLARES FUEL SUBSIDY REMOVAL. (PHOTO).

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 Queues Resurface In Filling Stations As Tinubu Declares Fuel Subsidy Removal

May 29, 2023

Petrol stations in the city of Enugu are experiencing long queues just hours after President Bola Tinubu on Monday announced the end of fuel subsidy.

This is even as most of the stations that are dispensing increased their pump rates.

President Tinubu in his inauguration speech, highlighted that the fuel subsidy regime had disproportionately favoured the rich over the poor.

He commended the decision to phase out the subsidy, stating that the resources previously allocated to subsidy payments would be redirected towards public infrastructure, education, healthcare, and job creation, to improve the lives of millions.

In addition to the subsidy removal, Tinubu also addressed concerns about multiple taxations.

He expressed his commitment to reviewing the existing taxation system to stimulate economic growth and attract more investors to the country.

Many private stations visited by our correspondent are selling from 230 to 270 litres per litre.

The rush motorists said is due to the fear of further hike in the price of the product.

Analysts said the pump price could go as high as 750 naira per litre if the government stops paying subsidy.

The coming days will surely be interesting as Nigerians welcome the new administration.

 

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