BRAKE FAILURE CITED AS CAUSE OF ACCIDENT INVOLVING SECURITY OFFICERS IN ABIA- FRSC. (PHOTO).

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  The Sector Commander of the Federal Road Safety Corps, FRSC, Abia State Command, Ngozi Ezeoma, has confirmed the death of one security personnel in a single vehicle road traffic collision that occurred on 30th March, 2025, involving a vehicle from the joint task force of Operation Crush, at Isieke along the Umuahia-Bende road. According to Ezeoma in a statement, the accident was caused by brake failure. The vehicle veered off the road and fell into a ditch, leaving eight officers with varying degrees of injury. The injured officers were rushed to the Federal Medical Centre in Umuahia by the Police before the arrival of the FRSC. Unfortunately, the deceased officer was taken to the mortuary. The wreckage of the patrol van has since been recovered from the ditch.
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NIGERIA HAS SAVED $20BN FROM SUBSIDY REMOVAL, NAIRA FLOATING POLICIES- WALE EDUN. (PHOTO).

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 Nigeria Has Saved $20bn From Subsidy Removal, Naira Floating Policies —Wale Edun


Minister of finance and coordinating minister of the economy, Mr Wale Edun, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.


Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.


“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.


“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”


Edun said these flows now return into the government’s coffers for further deployment to the aforementioned sectors.


“The real change that has happened with the measures of Mr. President is that nobody can wake up and their target for the day or for the week or the month or the year is to get access to cheap funding, cheap funding exchange from central bank, which they can now flip,” Edun said.


“And overnight, they become wealthy from no value added for doing virtually nothing, except you know the right people. Similarly, they can no longer try and be part of a new peak market and very inefficient petrol subsidy regime as a way of making money overnight.”

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