ATIKU PLEDGES SCHOLARSHIP TO VIRAL NIGER TEEN MINER. (PHOTO).

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 Atiku pledges scholarship to viral Niger teen miner Former Vice President Atiku Abubakar on Sunday said his “heart breaks” each time he watches a viral video of a teenage artisanal miner, Yusuf Aliyu, speaking at a mining site in Niger State after the deaths of 37 miners in the state. Atiku, in a statement posted on his X handle, said he was prepared to support the boy’s education, describing him as a child whose intelligence and confidence should be nurtured in a classroom rather than by working at a mining site. “I have watched Yusuf Aliyu’s video repeatedly, and each time, my heart breaks. A child with such intelligence, clarity and confidence should be in a classroom building his future—not struggling for survival in a community surrounded by gold but buried in poverty. “I cannot look at him and see an ‘illegal miner.’ I see a Nigerian child failed by the country that should have protected him. I see brilliance trapped by poverty and enormous promise abandoned by leadership,” ...
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SUBSIDY REDUCED, NOT REMOVED'- REWANE. (PHOTO).

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Subsidy reduced, not removed’ – Rewane

The Chief Executive Officer of the Financial Derivatives Company, Bismarck Rewane, has said that subsidy was not removed but reduced.

He stated this when he appeared on Channels Television’s on Sunday evening.

During the programme, Rewane also highlighted the effects of the reduction in fuel subsidy and how it has affected Nigerian salary earners.

“At the inauguration, it was said that subsidy was gone but subsidy was actually reduced,” he said.

According to Rewane: “There is the convergence of exchange rates and reducing the windows into one. The consequence of that money has been transferred from consumers to the government.

“Subsidies are reversed taxes; if you reduce them, you increase the people’s taxes and reduce their income. What has happened is that government revenue has increased by 44% between May and June. Money has been transferred to the government but what is the government doing with it?

“The consumers, on the other hand, had a minimum wage, which in dollar terms was 40 dollars in 2002. In 2019, it was about 70 dollars but it has now been reduced to 24 dollars.”

 

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