WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).

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Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...

ECUADOR FACES PROTESTS AND STRIKES AFTER DIESEL SUBSIDY ENDS. (PHOTO).



Ecuador faces protests and strikes after diesel subsidy ends

Streets across several Ecuadorian provinces have been disrupted by roadblocks and protests after Indigenous and student groups called an indefinite national strike. The unrest escalated four days ago following President Daniel Noboa’s decision to end the diesel subsidy, a benefit that had been in place for more than 40 years.

The executive decree, formalized Sept. 13, raised the price of a gallon of diesel from $1.80 to $2.80, a move the government said would save over $1.1 billion annually. Transport workers, farmers, and social organizations immediately opposed the increase, arguing it would drive up living costs and raise prices for essential goods. In response, the government declared a state of emergency in at least eight provinces and imposed nightly curfews in five to contain the unrest, which has blocked major highways and heightened political tensions.

Leonidas Iza, former president of the Confederation of Indigenous Nationalities of Ecuador, criticized Noboa’s approach, saying the government “does not understand the 5.7 million Ecuadorians who live on about $92 a month” and described the president as having “an authoritarian, dictatorial attitude.” Despite the widespread disruption, Noboa stood firm on ending the subsidy, promising expanded stipends and compensation programs. “Before they try to make me back down, I would rather die,” he said, noting that, unlike former presidents Lenín Moreno and Guillermo Lasso, he will not reverse course.

The government justified the subsidy’s elimination as necessary to balance public finances and reduce what it called “unsustainable” spending. Officials said the subsidy primarily benefited the transportation and agricultural sectors and contributed to diesel smuggling into neighboring countries. Finance Ministry reports indicate that roughly $25 million was saved in the first ten days, with funds redirected to social programs, compensation payments, and support for farmers and transport workers.

Deputy Hydrocarbons Minister Daniela Conde announced plans to invest $3.6 billion over four years to upgrade Ecuador’s three refineries, aiming to improve diesel quality and boost energy independence. The government expects daily oil production to reach 500,000 barrels by the end of the year, rising to 536,000 barrels by 2027, compared with current production of under 470,000 barrels, while reducing nearly $7 billion spent annually on diesel imports.

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