NEMA COORDINATES SAR OPS AT THE SCENE OF BUILDING COLLAPSE INVOLVING A THREE STOREY BUILDING UNDER CONSTRUCTION AT GUDU AREA OF FCT. (PHOTOS). #PRESS RELEASE.

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 NEMA COORDINATES SAR OPS AT THE SCENE OF BUILDING COLLAPSE INVOLVING A THREE STOREY BUILDING UNDER CONSTRUCTION AT GUDU AREA OF FCT At about 0945hrs on Saturday 16th May, 2026, the National Emergency Management Agency (NEMA) was alerted of a building collapse at Gudu District of FCT.  Critical stakeholders including Federal Fire, FCT Fire, NSCDC, NPF, FRSC and Federal Capital Territory Emergency Management Agency (FEMA) were activated while a response team of NEMA from the Abuja Operations Office led by the Head of Operations Mr Zakari Abubakar  and operatives from AYA Emergency Response Bay (ERAB) were deployed to the scene for quick response and coordination.  A reinforcement team  from NEMA Headquarters led by the Director Search and Response (DSAR) Air Cdre Bature Usman was also on ground to provide necessary backup and supervision. At the time of this report, the operation is still ongoing. However, sixteen (16) casualties have so far been evacuated to Aso...
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SUBSIDY IS GONE', FG DISMISSES WORLD BANK’S CLAIM.(PHOTO).

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subsidy Is Gone’, FG Dismisses World Bank’s Claim

The Federal Government has said contrary to the claim by the World Bank that government is still paying subsidy on petrol, the era of petrol subsidy is “gone for good”.

Speaking in an interview on Channels TV on Thursday morning, Minister of Information and National Orientation, Mohammed Idris, said President Bola Tinubu made it clear from his first day in office that his government would not sustain the payment of subsidy on petrol.

The minister said the subsidy removal had translated to increased revenue accruing to the federation account.

The World Bank hinted on Wednesday that current fuel prices in Nigeria were not cost-reflective and that the Federal Government might still be paying subsidy on petrol.

The bank said Nigerians should be paying about N750 per litre as against the current price of N650 in some parts of the country.

The World Bank’s lead economist for Nigeria, Alex Sienaert, during his presentation of the Nigeria Development Update (NDU), December 2023 Edition in Abuja on Wednesday, insisted that there was still subsidy on petrol.

He stated, “It does seem like petrol prices are not fully adjusting to market conditions. So, that hints at the partial return of the subsidy if we estimate what is the cost reflective of the retail PMS price of the would-be and assume that importation is done at the official FX rate.

“Of course, the liberalisation is happening with the parallel rates, which is the main supplier, the price would be even higher. These are just estimates to give you a sense of what cost-reflective pricing most likely looks like.

“We think the price of petrol should be around N750 per litre more than the N650 per litre currently paid by Nigerians.”

 

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