NIGER REQUESTS REPLACEMENT OF EU AMBASSADOR AMID AUD ROW. (PHOTO).

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 Niger requests replacement of EU ambassador amid aid row Niger said it could no longer work with the European Union's ambassador and had requested a replacement "as soon as possible" after the bloc recalled its envoy over a row surrounding the disbursement of emergency aid, AFP reported. Niger's military rulers on Friday accused EU ambassador Salvador Pinto da Franca of distributing 1.3 million euros ($1.36 million) in aid for flood victims to non-governmental organisations without first informing the authorities. The EU expressed its "profound disagreement" with the accusations on Saturday and recalled its ambassador for consultations in Brussels. Niger's foreign ministry fired back Sunday, saying it had warned da Franca in October over "unauthorized operations" it claimed had nonetheless continued. "In view of this stubbornness... the Government has come to the conclusion that collaboration with the European Union Ambassador, Mr Salvado
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OLOGBONDIYAN: FUEL SUBSIDY REMOVAL AND NAIRA FLOAT HAVE WEAKENED NIGERIA. (PHOTO).

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 Ologbondiyan: Fuel Subsidy Removal and Naira Float Have Weakened Nigeria


Kola Ologbondiyan, former spokesperson for the Peoples Democratic Party (PDP), has stated that the removal of the fuel subsidy and the floating of the Naira have severely impacted Nigeria’s economy. Speaking on Channels Television’s The Morning Brief on Monday, Ologbondiyan argued that President Tinubu should have implemented a phased removal of the fuel subsidy, coupled with palliative measures like reducing public transportation fares, rather than offering subsidized rice to the masses.


His comments followed a meeting of PDP governors over the weekend, where they called on President Tinubu to undertake significant economic reforms. Ologbondiyan, who aligned with the founding principles of the PDP, emphasized that the recent decisions by President Tinubu, particularly concerning subsidy removal and the Naira float, have caused severe damage to the country.


Recalling past PDP policies, Ologbondiyan pointed out that under previous leadership, the subsidy was removed gradually, with corresponding support measures in place. He criticized the current approach, where the government suggested Nigerians buy rice at N40,000 per bag, saying that the needs of the people extend far beyond rice.


He also suggested that Nigeria’s policies could be more effective with improvements to public transportation, reducing the need for individuals to rely on personal vehicles. Ologbondiyan expressed concern that the PDP, while critical of the current government, has not been proactive in offering alternatives to the policies that have led to the current economic challenges.


Since the removal of the petrol subsidy, the price of Premium Motor Spirit (PMS) has surged from an average of N189 per litre in May 2023 to over N1,000 per litre.

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