FG may remove fuel and kerosene subsidies

The Minister of Petroleum Resources, Dieziani Alison-Madueke yesterday gave a hint of plans by the Federal Government to remove subsidies being paid on Petrol and Kerosene products. The Minister gave the hint while speaking at the Nigerian Oil & Gas Conference which took place in Abuja

 

While addressing the delegates, Alison-Madueke said subsidy being paid to marketers for petrol and kerosene was no longer sustainable and was only beneficial to the rich in the society.

"The continued regulation of the downstream sector has its positive and negative impacts on the economy. But the negative effect is more than the positive. The subsidy policy cannot be sustained any longer.This is because the subsidy payment is not benefiting the poor it is targeting; rather, it is benefiting the rich. The industry needs to move to next level by increasing revenue and curbing oil theft and pipeline vandalism.Without belabouring the point, we are all aware that the government has to deregulate the downstream sector. Continuing regulation, we all are aware, has negative effects. It is basically unsustainable, it discourages investment, and principally, it benefits the rich, not the masses in the society that we intend to reach in the first place" The minister said.

Analyst however say if petrol subsidy is removed, Nigerians would have to pay more for both products. Petrol for instance would rise to N144.66 for a litre, which is the landing cost of a refined litre as against the N97 its been sold for now at filling stations while Kerosene would go as high as N154.36 per litre, N138.87 as landing cost and N15.49 for distrubution margin, suming up to N154.36 it would be sold for

Model Sues Playboy & Radio Host After Sustaining Injures From Using Her Butt To Play Golf

Elizabeth Dickson a 28-year old playboy model has sued playboy and radio host, Kelvin Klein for hitting her butt with a golf clubwhile trying to hit a ball off a tee placed between the cheeks of her buttocks during an amateur golf tournament in California, March, 2012.

The model is suing both parties for $500,000 after claiming she gave no consent for the ball to actually be hit from a tee placed on the cheeks of her buttocks while the game was on.

The model who was invited to come and partake in the amateur golf tournament complied with a request earlier in the day to lie flat on her stomach with her buttocks partially exposed for a photograph with Klein. But now, Elizabeth is claiming that even though she complied, she never gave her consent for Kelvin to hit the ball from her butt, before the accident occurred.

Badoo! OLAMIDE celebrate his 25th birthday today.

 
The hit Hip-Hop/Rap Artist  ADEDEJI OLAMIDE a.k.a Badoo, Who was born March 15 1989 celebrate his 25th birthday today.
We wish him Congrat for his success in life!

Aliko Dangote ready to redeem $1million promise to Super Eagles

 

Billionaire business man Aliko Dangote says he is ready to redeem his promise of awarding $1m to the Super Eagles for winning the 2013 African Cup of Nations last year in South Africa. He said this a few days after goal keeper and Super Eagles vice-captain Vincent Enyeama begged him and others who pledged various things to the team to fulfill their promises.

"We understand the busy schedule of Alhaji Dangote, we are just asking his aides to help remind him of the promise to us. It’s just a reminder to patriots who are very busy and may not have been prompted after they made their pledges, because the players are determined to bring more honours to fatherland at the forthcoming World Cup” Enyeama said

Speaking with BBC Sports, Dangote said the only reason he hasn't redeemed his promise was because nobody from the team or NFF had contacted him

"We’ve been waiting for Nigerian officials to collect the money but nobody has written to us. We will write to them, asking for the account numbers of the players, then we’ll make the transfer immediately.”

Must See Photos From Ghollywood Vs Nollywood Football Match In Ghana

Omg, this is so hilarious. So some  Nollywood actors where in Ghana last week for a football match and they were led by the AGN president, Ibinabo Fiberesima. They had a swell time tho. Toyin Aimakhu lost a penalty and Ibinabo was said to have collapsed at one point. They are must see photos, lol. Btw, the game ended 3-1 in favour of Ghollywood.

Photo Credit: Eternal Photos

KWAM 1 Wedding

Fuji star KWAM1 performed the last lap of wedding ceremonies for 3 of his daughters when he gave his daughter, Sekinat Anifowose out in marriage to Fuad Ademola Adeyemo on Sunday March 9th.

His other daughters got married on the 3rd and 6th of March. Dignitaries at the wedding on Sunday included Gov Babatunde Fashola, Gov Rauf Aregbesola, and a host of Yoruba actors and actresses. Continue to see more photos...

Another Messy Record Label Fight Between Kennis Music And Jaywon!

 

Kennis Music and one of its star artistes, Jaywon have been on issues. The fight started when Jaywon indicated interest to eave the label before the expiration of his contract. The label refused to grant his wish, insisting that his contract has not expired. Right now, Jaywon has not only written Kennis requesting for his contract to be terminated, but also offered to buy out the remainder of his contract. Kennis Music on the other hand has written to all broadcasters to stop playing any material from Jaywon, pending the resolution of the contract buy-out request.

See Kennis statement after the cut:

“Jaywon has written a letter via his lawyer requesting for his contract with Kennis Music to be terminated. Jaywon wrote, in the same letter, his readiness and willingness to pay off all costs therein accordingly.

“Meanwhile, Independent Broadcasters Association of Nigeria IBAN MEMBERS and all broadcasters on all platforms are hereby advised to Un-list the works (Either single performances or and collaborations) of Iledare Oluwajuwonlo James aka Jaywon from their respective rotational play lists until his (Jaywon) request to buy over his contract is fully completed, to avoid litigation.”