FEATURES
Chairman of Dangote Group, Aliko Dangote, has disclosed that his refinery has more than enough fuel in reserve to meet Nigeria’s demand and that marketers should collect the available supply to alleviate the current scarcity.
He disclosed this to State House correspondents after President Bola Tinubu met with crude oil and refined product sales members in the local currency implementation committee.
The committee was led by the minister of finance and coordinating minister of the economy, Mr Wale Edun.
“We are more than ready to supply the market with 30 million litres daily,” Dangote assured, adding that his refinery holds 500 million litres of fuel in reserve.
“This is enough to sustain the country for over 12 days without new imports or production,” he added.
Dangote emphasised that his role is strictly that of a producer and bulk supplier, not a retail distributor, and urged marketers to take responsibility for distribution to filling stations.
“We are not in the retail business. I have a refinery, not filling stations,” he clarified. “If marketers come forward to collect, there will be no queues.”
Dangote also expressed his commitment to the government’s fuel supply goals, stating, “I’m putting my name on the line by assuring Mr President that we will supply a minimum of 30 million litres per day, ramping up as needed to stabilise the market.”
He also highlighted the financial impact of holding such a massive fuel reserve, explaining that it incurs daily costs, particularly with high interest rates.
“Every day, it costs me to maintain 500 million litres in our tanks. If I could recoup this investment, I could be charging 32% interest,” he noted, underscoring the urgency for marketers to act.
Dangote urged fuel marketers to prioritise local collection over imports.
“If marketers have been managing 55 million litres daily through imports, I see no reason they shouldn’t come and collect our supply and distribute it locally.”
He reaffirmed his refinery’s readiness to keep a steady supply. “We have what they need. As they collect, I will continue pumping. Our tanks are full, and we are ready to keep Nigeria’s fuel supply flowing smoothly if the marketers do their part.”
He also underscored the significance of Afreximbank’s role as a settlement bank between Dangote and the NNPCL, the aim of which is to streamline transactions within the crude oil market.
Pump Price Adjustment Reaction To Market Dynamics – Marketers
Petroleum products marketers have described the fresh pump adjustment of Premium Motor Spirit (PMS) at some retail outlets of the Nigerian National Petroleum Company Limited (NNPCL) as a reaction to market dynamics.
The new price was observed on Tuesday at NNPC filling stations in some parts of the country.
About three weeks ago, NNPC also hiked fuel prices to about N1,030 per litre in Abuja and N998 in Lagos.
The adjustment may see motorists paying about N1060 in Abuja and N1025 in Lagos.
The president of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr Billy Gills-Harry, told LEADERSHIP that Nigerians should always expect to see prices going up and down.
He said this is expected in a deregulated market and should not be seen as NNPCL arbitrarily raising the pump price.
According to him, prices can change depending on import parity, which is essentially expected in a free market operation.
Our Correspondent reports that earlier this month, the federal government explained the recent increase in petrol prices by the NNPCL, attributing it to global energy market conditions.
The minister of information and national orientation, Mohammed Idris, clarified that the NNPCL’s decision was influenced by market forces, not government directives, in line with the Petroleum Industry Act (PIA).
Meanwhile, the Finance Minister Wale Edun also shared insights from the meeting with President Tinubu on a new initiative enabling local refiners to purchase crude oil in Naira, a project fully backed by the Federal Executive Council.
Edun credited the Dangote Group’s substantial investment in its 650,000-barrel-per-day refinery as a crucial project enabler and emphasised collaboration with regulatory bodies like the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigeria National Petroleum Company Ltd (NNPCL).
“What we have achieved is the establishment of market pricing for petroleum products,” he explained.
“This, coupled with market pricing for foreign exchange, sets our economy on a path toward industrialisation.”
He further highlighted the initiative’s broad economic impact, noting it would provide essential raw materials for various industries, from agriculture to chemicals and textiles.
“This is part of Mr President’s strategy to create favourable conditions for private sector investment, job creation, and economic growth,” Edun said.
Edun also stated that the new pricing structure is expected to strengthen NNPC’s financial position, enabling it to better support federal, state, and local governments.
“This will allow them to meet their obligations, including salary payments and infrastructure development,” he added.
While acknowledging the remaining challenges, Edun expressed optimism about Nigeria’s industrial development trajectory.
“Although it’s early days and much work remains, we now see a clear path toward modernising our economy,” he remarked, assuring stakeholders of the government’s commitment to overcoming initial hurdles linked to local crude sales in Naira.
“There is determination from the top downwards for this initiative to succeed,” he affirmed.
The meeting was attended by top officials, including the group chief executive officer of NNPCL, Mele Kyari; chairman of the Federal Inland Revenue Service, Zacch Adedeji; governor of the Central Bank of Nigeria, Yemi Cardoso; chief executive of NMDPRA, Farouk Ahmed, and the chief executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe.
It is recalled that President Tinubu had , on July 29, directed NNPCL to commence crude sales to the Dangote Refinery and other local refiners, with Afreximbank appointed as the pilot settlement bank to oversee transactions.
Ghana Eyes Fuel Imports From Dangote Refinery
Ghana could buy petroleum products from Nigeria’s Dangote Petroleum Refinery once the facility is operating at total capacity, cutting more expensive European exports, the head of the country’s oil regulator said on Monday.
According to a Reuters report, the chairman of the National Petroleum Authority, Ghana Mustapha Abdul-Hamid, said this could end monthly fuel imports of $400m from Europe.
He spoke at the OTL Africa Downstream oil conference in Lagos.
The $20bn Lekki-based Dangote refinery began releasing Premium Motor Spirit, popularly called petrol, into the Nigerian market on September 15, 2024.
However, despite this, marketers of the product in Nigeria have since commenced importing PMS in hundreds of millions of litres following the federal government’s total deregulation of the downstream oil sector in Nigeria.
However, at the function in Lagos on Monday, the Ghanaian petroleum authority official stated that his country might start importing fuel from the Nigerian refinery.
“If the refinery reaches 650,000 bpd a day capacity, all that volume cannot be consumed by Nigeria alone; so instead of us importing as we do right now from Rotterdam, it will be much easier for us to import from Nigeria, and I believe that will bring down our prices,” Hamid said.
The Dangote refinery, built by billionaire Aliko Dangote, is expected to operate near total capacity by the end of the year, and analysts believe it could be fully operational in the first quarter of 2025.
Allow Market To Determine Profit, Loss In Oil Sector- Tinubu
…Urges oil stakeholders to end reliance on import
President Bola Tinubu, speaking Tuesday in Abuja, commended the Implementation Committee on selling Naira-based crude oil and refined products and asked the members to resolve any teething problems.
In a review meeting at the State House, the President, in a statement by his spokesman, Bayo Onanuga, said that using the Naira was conceived to remove the exchange rate hurdle.
“Whatever solution we proffer in crude oil and refined products sales in Naira should not take us back to our experience in the last 40 years.
“There can be cost and revenue adjustment in the oil sector, but the issue is that the government will not have to go back to the old way of doing things,’’ the president stated.
President Tinubu said the various players in the oil sector, including the Nigerian National Petroleum Corporation Ltd and the Dangote Refinery, should work to improve the economy and the livelihood of Nigerians.
The President urged stakeholders to look inward, consider supplying enough petrol and petroleum products for local consumption, and stop the persistent reliance on importation.
He said this would enable the channelling of foreign exchange into the development of the real sector.
The President advised stakeholders to use Afreximbank as a settlement bank to resolve the Naira pricing for crude and refined products. Afreximbank is already on board as the financial adviser.
“The market must determine what we are doing. Once you allow the market to determine the profit and loss, independent marketers and the government side can meet on the worksheet. I want the issues resolved without future waste of time,’’ he added.
“We can have energy security, and the motivation for Alhaji Aliko Dangote will not be defeated. It will be more predictable on a medium and long-term basis,’’ the President said.
Minister of finance and coordinating minister of the economy, Wale Edun, said the administration’s groundbreaking steps to sell crude in Naira would not be reversed, and the government would not be involved in determining the rate of exchange for the oil sector.
The President and Chief Executive of Dangote Group told the President that the refinery had more than 500 million litres of fuel in reserve after supplying 400 million to the economy.
He said the refinery could collaborate with the other refineries managed by NNPC Ltd to meet an estimated 32 million litres of local petrol needs.
At the meeting, the Federal Inland Revenue Service chairman, Zach Adedeji, who chairs the technical committee, said importing refined products should end once Nigeria can produce enough to meet domestic needs.
“The vision of Mr President is to turn Nigeria into a hub for refined products to export to the world.”Other stakeholders at the meeting included Prof. Benedict Oramah, the president and chairman of the Board of Afrexim Bank, and Sen. Abubakar Atiku Bagudu, the minister of budget and national planning and group managing director of NNPC Limited, Mele Kyari.
The president’s special adviser on energy, Olu Verheijen, and the CEOs of NIMASA and Nigerian Ports Authority also attended, along with Engineer Gbenga Komolafe, head of Upstream Regulator, and Farouk Ahmed, head of Midstream and Downstream Regulator, NMDPRA.
Marketers Say Pump Price Adjustment At NNPCL Stations, Reaction To Market Dynamics
Petroleum products marketers have described the fresh pump adjustment of Premium Motor Spirit (PMS) at some retail outlets of the Nigerian National Petroleum Company Limited (NNPCL) as a reaction to market dynamics.
The new price was observed on Tuesday at NNPC filling stations in some parts of the country.
About three weeks ago, NNPC also hiked fuel prices to about N1,030 per litre in Abuja and N998 in Lagos.
The adjustment may see motorists paying about N1060 in Abuja and N1025 in Lagos.
The president of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr Billy Gills-Harry, told LEADERSHIP that Nigerians should always expect to see prices going up and down.
He said this is expected in a deregulated market and should not be seen as NNPCL arbitrarily raising the pump price.
According to him, prices can change depending on import parity, which is essentially expected in a free market operation.
Our Correspondent reports that earlier this month, the federal government explained the recent increase in petrol prices by the NNPCL, attributing it to global energy market conditions.
The minister of information and national orientation, Mohammed Idris, clarified that the NNPCL’s decision was influenced by market forces, not government directives, in line with the Petroleum Industry Act (PIA).
[Leadership]
Governor of Nasarawa State, Abdullahi Sule, has said that the 19 governors under the Northern Governors Forum (NGF) are against the VAT bill because it will be unfair to the region.
The governor stated this during an interview on Channels TV’s Politics Today.
Arising from a meeting on Sunday, the NGF chaired by Governor Inuwa Yahaya of Gombe State, had rejected the derivation-based model for Value Added Tax (VAT) distribution in the new tax bill currently in the National Assembly for deliberation.
Sule said that the governors were not against President Bola Ahmed Tinubu, saying they brought him into power.
He said. “We can’t bring in President Tinubu and then oppose him. If you look at the composition of the meeting you will see that there are people from the APC and the PDP. Some don’t even have a political party. We sat down and took the decision together.
“Some are traditional rulers. If you look at the law, it will be unfair to the north. By the time you say you are going to take something out of the sharing of the FAC and then say you are going to share something similar to something like that because that is the understanding we have based on the proposal. It’s going to be another 13% derivation.
“So, the states that have almost no VAT at the moment will end up actually with the shorter area of the stick. And you know, the 19 states of the north are generating very little when it comes to VAT at the moment.
“It’s very clear. I worked for some of these multi-national. I know how VAT is paid. When we were importing raw material at Dangote at Apapa port. We paid VAT first and then the finished product had VAT added to it,” he added.
[Dailytrust]
The Spokesperson of Nigerian National Petroleum Company Limited, Olufemi Soneye, said he is not aware of any fresh Premium Motor Spirit pump price increase across its retail outlets.
Soneye told DAILY POST in an exclusive interview on Tuesday.
Soneye comment comes amid speculation that NNPCL had increased fuel pump to from N1,030 per litre to N1060 in Abuja.
However, the state-owned oil firm spokesperson, Soneye, said, “There is no increase in gasoline price that I am aware of.”.
Similarly, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said NNPCL’s ex-depot price has not changed.
“For independent marketers, we have experienced a fresh price hike as I am speaking with you. NNPCL still sells to us at the same price.
“For Port Harcourt, it is N1040 per litre; Abuja and Lagos are around N990 per litre,” he told DAILY POST on Tuesday.
Earlier, the President of Dangote Group, Aliko Dangote, said petroleum marketers are ignoring its refinery’s 500 million litres of fuel.
Recall that on 9 October 2024, NNPCL had increased its petrol price to N1030 per litre.
[DailyPost]
The Minister of State for Police Affairs, Imaan Sulaiman-Ibrahim, has promised to draft the authors of a book, titled: Cybercrime, Digital Forensic Readiness, and Financial Crime Investigation in Nigeria, Dr. Tombari Sibe and Prof. Christian Kaunert, into Federal Government’s Committee on National Policing Policy.
Sibe, a lecturer in the Department of Computer Engineering at the Rivers State University, Diobu (Mile III) in Port Harcourt, is a Cybersecurity/Digital Forensic expert with over two decades of professional experience in Information Technology Consulting, while Kaunert is Professor of International Security in the School of Law and Government at the Dublin City University in Ireland.
Sulaiman-Ibrahim noted that experts like Sibe and Kaunert were needed in the committee she said was being put together.
She said the authors would provide inputs on cybersecurity frameworks for the Nigeria Police Force (NPF).
The minister, who was represented by her Senior Technical Adviser on Policy and Strategy, Mike Imafidor, spoke during the book launch in Port Harcourt, the Rivers State capital.
She said the ministry was focused on driving police reforms through the integration of advanced technologies.
Sulaiman-Ibrahim said: “Another significant element is the development of a national policing policy with the committee currently being formed.
“We will extend an invitation to Dr. Sibe and Professor Kaunert to join the committee, particularly in the section focusing on cybersecurity and technology adoption within the NPF.
“The aim is to establish a framework for technology integration, avoiding isolated systems that are difficult to connect and ensuring smooth inter-operability. The goal is to create a policy that guarantees the sustainability of these technological efforts.”
[TheNation]
The Nigerian National Petroleum Company Limited, NNPCL, yesterday, adjusted the price of Premium Motor Spirit, PMS, also known as petrol, to N1,025 per litre, from N998 per litre, in Lagos and environs.
Similarly, in Abuja, the price of the product rose to N1,060 from N1,030, in what has become the third increase in the price of the product in two months.
The latest increase came as the price of Nigeria’s Bonny Light crude dropped to $72 per barrel, from $75 per barrel, indicating a shortfall of 8.2 per cent against the $77.96 per barrel reference price of the 2024 budget.
In Lagos, filling stations immediately adjusted their prices to reflect the new rate, while motorists were seen rushing to some outlets yet to adjust prices to buy the product
NNPCL had earlier this month, hiked pump prices from N897 per litre to N1,030 per litre following the deregulation of petrol pricing by the Federal Government.
Checks around the central area of Abuja on Tuesday night showed that most major marketers which had opened during the day, shut their gates as they began the process of adjusting their metres.
However, Ardova Plc station, independent marketers, located opposite NNPC Retail mega station continued to sell to motorists at the old price of N1,125 per litre.
Spokesman of the NNPCL, Olufemi Soneye, could not be reached for comments last night but checks by Vanguard indicated that the price adjustment was based on market forces, following the deregulation of the downstream sector.
An industry source, who pleaded to be anonymous, said: “This is the third adjustment to be made in September and October 2024, based on deregulation.
‘’The policy enables price to be adjusted based on the forces of demand and supply. The weakness of the naira, currently standing at N1,664/$ may also be a factor.”
Experts react
Reacting to the development yesterday, the CEO, Centre for the Promotion of Private Enterprises, CPPE, Dr. Muda Yusuf, said; “The decision may be driven by deregulation. They should also think about other considerations, especially now that Nigerians are suffering.
‘’It would be necessary for the government to adopt social approaches to enable it to reduce the sufferings of citizens.
“Indeed, Nigerians are passing through very difficult times and they need measures to be put in place to reduce their pains.”
However, a major oil marketer, who pleaded to be anonymous, said: “Currently, the price of petrol has been deregulated. It can rise now but it should also reduce in the coming weeks since crude oil prices have dropped significantly in the global market.
“The NNPCL and other operators in the downstream value chain have embraced deregulation and it is expected that low crude oil prices would reflect in petrol prices.
“The appeal will then be for the government to reduce their operational cost and possibly grant incentives to the Small and Medium Scale Enterprises, SMEs, which are mostly affected by the upsurge.”
Revolt against petrol pump increases, CSO urges Nigerians
Reacting to the latest hike in the petrol pump price by the Nigerian National Petroleum Company, NNPC, a member of the Joint Action Front, JAF, the Movement for a Socialist Alternative, MSA, called on Nigerians, especially workers, to revolt against the endless increase in the pump price of petrol the federal government.
JAF is the umbrella body for pro-workers civil society organization
MSA in a statement by its General Secretary, Dagga Tolar, said: “In a troubling and relentless trend, the Nigerian National Petroleum Company, NNPC, Limited has again raised the price of petrol, this time crossing to N1,025 mark per litre.
“This increase comes barely two weeks after Nigerians expressed outrage over the staggering 430% hike in petrol prices since President Tinubu assumed office. The recent adjustments not only deepened the financial strain on Nigerian households but also highlighted the government’s disregard for the harsh realities facing the working masses.
“We, in the Movement for a Socialist Alternative, MSA, firmly condemn this incessant increase in petrol prices, which serves as another aggressive attack on the government’s ongoing neoliberal agenda.
‘’This pattern of price hikes has led to unbearable living conditions, pushing majority of Nigerians further into poverty, while corporate interests continue to profit.
“The Nigerian Labour Congress, NLC, and the Trade Union Congress, TUC, must stand resolute and no longer remain silent while workers are forced into deeper economic hardship. It is imperative that they take immediate, unified action to protect the Nigerian people from these exploitative policies.
“We call on Nigerian working masses to come together and oppose this unrestrained attack on their livelihoods. Now, more than ever, a united front is necessary to challenge these policies that consistently favour profit over people.
“The MSA stands in solidarity with every Nigerian worker and citizen who seeks a just, equitable, and accessible economy. Together, we must demand an end to this cycle of price hikes and call for policies that genuinely prioritize the well-being of the people.”
Independent marketers sell higher
Vanguard gathered yesterday that independent marketers are also warming up to mark up prices, as they had always taken a cue from NNPCL.
Findings yesterday revealed that some of them were already selling the product for as high as N1,150 to N1,200 per litre.
Tinubu urges stakeholders in oil industry to stop reliance on importation
Meanwhile, President Bola Tinubu yesterday in Abuja urged stakeholders in the oil and gas industry to look inward and consider supplying enough petrol and petroleum products for local consumption to stop the persistent reliance on importation.
He said this will enable the channelling of foreign exchange into the development of the real sector.
The President also commended the implementation committee on naira-based sales of crude oil and refined products and asked the members to resolve any teething problem that might arise.
In a review meeting at the State House, the President said using the naira was conceived to remove the exchange rate hurdle.
“Whatever solution we proffer in crude oil and refined products sales in naira should not take us back to our experience in the last 40 years.
“There can be cost and revenue adjustment in the oil sector, but the issue is that the government will not have to go back to the old ways of doing things,” the President stated.
He said the players in the oil sector, including the NNPCL and the Dangote Refinery, should work to improve the economy and the livelihood of Nigerians.
The president advised stakeholders to use Afreximbank as a settlement bank to resolve the naira pricing for crude and refined products.
Afreximbank is already on board as the financial adviser.
“The market must determine what we are doing. Once you allow the market to determine the profit and loss, independent marketers and the government side can meet on the worksheet. I want the issues resolved without future waste of time.
“We can have energy security, and the motivation for Alhaji Aliko Dangote will not be defeated. It will be more predictable on a medium and long-term basis,” the President said.
In his remarks, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the administration’s ground-breaking steps to sell crude in naira would not be reversed, adding that government will not be involved in determining the rate of exchange for the oil sector.
On his part, the President/CEO of Dangote Group, Alhaji Aliko Dangote, told the President that the refinery has more than 500 million litres of fuel in reserve, after supplying 400 million to the economy.
He said the refinery can collaborate with other refineries managed by NNPC Ltd to meet an estimated 32 million litres of local petrol needs.
At the meeting, the Federal Inland Revenue Service Chairman, Zach Adedeji, who chairs the technical committee, said importing refined products should end once the country developed the capacity to produce enough to meet domestic needs.
“The vision of Mr President is to turn Nigeria into a hub for refined products to export to the world,’’ he stressed.
Other stakeholders at the meeting included the President and Chairman of the Board of Afrexim Bank, Prof. Benedict Oramah; Minister of Budget & National Planning, Sen. Abubakar Atiku Bagudu, the and Group Managing Director of NNPC Limited, Mele Kyari.
The president’s Special Adviser on Energy, Olu Verheijen, and the CEOs of NIMASA and Nigerian Ports Authority, NPA, also attended the meeting, along with Engineer Gbenga Komolafe, head of Upstream Regulator, and Farouk Ahmed, head of Midstream and Downstream Regulator, NMDPRA.
[Vanguard]
The All Progressives Congress (APC) in Osun, has suspended Rauf Aregbesola, a former governor of the state, over alleged anti-party activities.
The party accused the former minister of interior of “creating splinter groups in the APC” and making “public outbursts” against President Bola Tinubu, Bisi Akande, a former governor of Osun, and Gboyega Oyetola, minister of marine and blue economy.
The state working committee of the Osun APC said it found merit in the allegations leveled against the former minister by the executives of the party in Ilesa East LGA where he hails from.
In a letter to the national working committee (NWC) of the party, Tajudeen Lawal and Alao Kamoru, chair and secretary of the APC in Osun, said Aregbesola breached article 21 (2) of the party’s constitution.
“Following complaints of anti-party activities levelled against Ogbeni Rauf Aregbesola by the llesa East Local Government executive committee, the State Executive Committee (SEC), after reviewing the allegations and in accordance with the powers vested in it by article 21(3) (vi) (c) of the party’s constitution, hereby suspends Ogbeni Rauf Aregbesola from the party pending the outcome of an investigation into the allegations by a disciplinary committee,” PUNCH quoted the letter as saying.
“The State Executive Commíttee has constituted a disciplinary committee to investigate and provide Ogbeni Aregbesola with the opportunity to respond to the allegations of activities deemed to be in violation of Article 21 (2) of the party’s constitution, particularly relating to anti-party activities that undermine the collective interests of the APC.”
They said the disciplinary committee would give Aregbesola a chance to defend himself.
RIFT BETWEEN TINUBU AND AREGBESOLA
Tinubu and Aregbesola fell out in 2020 when the former minister revamped the Mandate Group — a core of Tinubu’s loyalists — and usurped the closely-knitted caucus for individuals he could trust.
The former Osun governor relaunched the group without Tinubu’s approval and named Abdullahi Enilolobo, his protege, as the new leader.
In 2022, there was an attempt by close associates and friends to reconcile both men in the build-up to the 2023 general election – but that did not yield any tangible result as they still do not see eye to eye.
[TheCable]
The Catholic Archdiocese of Abuja, Cardinal John Onaiyekan, has challenged the northern elite to fix the economic, political and security crisis in the region as a way of fixing the country’s problems.
Onaiyekan spoke yesterday in Abuja when the League of Northern Democrats (LND), led by former governor of Kano State, Senator Ibrahim Shekarau, paid him a courtesy visit.
The cardinal, who commended LND for championing a northern renaissance, challenged them to inquire why there was too much poverty and insecurity in the northern states, when compared to the south of Nigeria.
He stated, Let’s face it, if the north does not move well, Nigeria cannot move well. It’s the same discourse. If Nigeria does move well, Africa cannot move well.”
According to him, “I think we must face the reality that the way northern Nigeria is today is not what we can be proud of. All the various indices of good governance and standard of living, we have a very poor record. If Nigeria is poor, the epicentre of the poor is the north.
“And when there is a league of northern democrats, who are interested in addressing the issues and finding out, why is it that things are not moving as they should, I think things will move because a league of elite northern democrats should be able to engage those who call themselves political leaders, especially as some of you have had good experience in government.
“So, you can tell them, listen, look around you, are you proud of what you see? Out-of-school children all over the place, and it is not an excuse to say we are poor because if we continue about being poor, the issue will remain.
“We are in a federal government and federal resources are being distributed, so what has happened.”
Onaiyekan added, “There is no room for one section of the country to be lagging behind. What it does mean is that the entire nation should be interested in what you people are doing. If for no other reason but for what they normally call enlightened self-interest.”
He stressed the need for all regions of the country to move together, adding that his doors are open to leaders from other parts of the country who share the same interest of ensuring good governance.
The cardinal said the country needed many leagues of democrats to improve the quality of governance.
He stated, “Your initiatives of coming together to form the league of northern democrats for the purpose of trying to reinvent the north is a welcome development. I support what you are doing.
“Go further, ask questions, because when you reinvent the north, you are on the sure positive way to reinvent Nigeria. When you reinvent Nigeria, Africa would reinvent itself. We are the largest black nation in world.”
Onayekan called for harmonious relationship between Christians and Muslims in the north. He said a peaceful relationship between Christians and Muslims was another sure way to build a stable and united northern Nigeria.
The Catholic cardinal went down memory lane to discuss how the Nigerian inter-religious council was formed during the administration of former President Olusegun Obasanjo. He said though the expected goal of complete religious harmony was yet to be desired, with time Nigeria would realise the goal.
Earlier, Shekarau told Onaiyekan that the visit was to acquaint him with the group’s plans to reinvent the north from poverty and the challenge of insecurity by engaging leaders from the region.
Shekarau, who was a two-time governor of Kano State, told the Catholic cardinal that his group was not partisan, but was worried about the level of poverty and insecurity in the northern states.
The former governor stated, “We are an apolitical group, who are worried with the level of economic, security developments in the 19 northern states. We have members from all political parties. Our mission and goals are to reinvent the north from its present economic situation.”
[ThisDay]
The 23-year-old stated that contrary to what people think, her mother and every member of her family were against her marriage to the politician.
She disclosed this during her a live on Instagram.
The mother of two disclosed that she met her husband during an outing with one of her ex-boyfriends.
She said, “I went to visit my boyfriend and I was so angry about why we had to go sightseeing, but when we got there I met a cute man.
“The moral of the story is that your boyfriend should not stop you from seeing your husband.
“When I started with my husband I forgot I was to have boyfriends; of course, I had like 20. When people think I don’t have a choice, I’m like what?
“People were saying mummy forced me not knowing that she was against the marriage, my full family said no.”
Nwoko married Regina Daniels in May 2019 in Aniocha Local Government Area, Delta State despite the huge gap in age.
Explaining why he married the 23-year-old actress, the 63-year-old politician said he tied the knot because Regina Daniels was from his place.
“For her particularly, I married her because she is from my place. I wanted to marry a wife from my place, and I was looking for the right person. By the time I met her, I knew she must be the one,” Nwoko had said.
[NaijaNews]
Governors of the 19 northern states met in Kaduna yesterday, alongside top traditional rulers from the region, where they discussed various issues and challenges affecting the region, and resolved, among others, to reject the Nigeria Tax Reform Bill sent to the National Assembly recently by President Bola Ahmed Tinubu.
Monday’s meeting was part of the Northern States Governors’ Forum’s initiative to engage key stakeholders over pressing matters, including insecurity, poverty, the education crisis and other socio-economic challenges affecting the region.
Governors in attendance included: Uba Sani of Kaduna State, Inuwa Yahaya (Gombe), Dauda Lawal Dare (Zamfara), Abdullahi A. Sule (Nasarawa), Babagana Zulum (Borno), Bala Mohammed (Bauchi), AbdulRahman AbdulRazaq (Kwara), and Ahmadu Umaru Fintiri (Adamawa). Deputy governors from other Northern states were also in attendance.
The meeting, which held at the Sir Kashim Ibrahim House, also had in attendance notable traditional rulers, including the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III; Shehu of Borno, Alhaji Abubakar Ibn Umar Garba Al- Amin El-Kanemi; Emir of Zazzau, Ambassador Ahmad Nuhu Bamalli; Ohinoyi of Ebira land, Alhaji Ahmed Tijani Anaje; Etsu Nupe, Alhaji Yahaya Abubakar; Emir of Kazaure, Alhaji Najib Hussaini Adamu; Emir of Bauchi, Alhaji Rilwanu Sulaiman Adamu, among others.
The Chief of Defence Staff, General Christopher Musa, was also present at the event.
‘Tax reform not favourable to North’
In a communiqué issued at the end of the meeting, the group decried the contents of the recent Tax Reform Bill that was forwarded to the National Assembly, saying they were against the interests of the North and other sub-nationals, especially the proposed amendment to the distribution of Value Added Tax (VAT) to Derivation-based Model.
President Bola Tinubu had on the 3rd of this month transmitted four tax reform bills to the National Assembly for consideration.
Tinubu, who was on vacation in London by then, sent the bills via a letter addressed to the Speaker of the House, Abbas Tajudeen. The letter was read on the floor of the House during plenary that day.
The bills are the Nigeria Tax Bill 2024, which is expected to provide the fiscal framework for taxation in the country, and the Tax Administration Bill, which will provide a clear and concise legal framework for all taxes in the country and reduce disputes.
The others are the Nigeria Revenue Service Establishment Bill, which will repeal the Federal Inland Revenue Service Act and establish the Nigeria Revenue Service, and the Joint Revenue Board Establishment Bill, which will create a tax tribunal and a tax ombudsman.
Tinubu said the bills were designed to support his administration’s objectives and strengthen fiscal institutions in the country.
“The proposed tax bills present substantial benefits that align with my government’s objectives and fiscal reform on the economic growth by enhancing taxpayer compliance, strengthening our fiscal institutions and fostering a more effective and transparent fiscal regime,” he said.
The president further stated that he was confident that if the bills were passed, they would encourage and stimulate the economy.
Explaining their decision to reject the Tax Reforms Bill yesterday, however, the Chairman of the Northern Governors’ Forum, Governor Inuwa Yahaya, while reading the communique of the forum’s meeting said: “This is because companies remit VAT using location of their headquarters and tax office and not where the services and goods are consumed. In view of the foregoing, the forum unanimously rejects the proposed Tax Amendments and calls on members of National Assembly to oppose any bill that can jeopardise the well-being of our people.
“For the avoidance of doubt, the Northern Governors’ Forum is not averse to any policies or programmes that will ensure the growth and development of the country. However, the forum calls for equity and farness in the implementation of all national policies and programmes so as to ensure that no geopolitical zone is short-changed or marginalised”, the group said.
‘We’re worried’
The forum’s chairman, while reading the communique, also said that the economic hardship currently faced by Nigerians is more pronounced in the Northern region than the Southern region due to what he called “disparities in economic inequality.”
Speaking further, he said: “On the present economic hardship affecting the country, the forum is appealing to all citizens to remain calm, as the states and federal government are working hard to implement measures that will cushion effects of the hardship”.
The governor noted that the #EndBadGovernance protests which took place in August, served as a wake-up call for all northern leaders.
According to him, youth restiveness is a growing concern, driven by illiteracy, poverty, and a lack of economic opportunities.
He said it was essential for leaders to adopt measures to alleviate the suffering being experienced through targeted social welfare programmes, support for small and medium enterprises, and policies that would attract investments to their states.
“Our young people are calling out for change, and it is our responsibility to listen and act. We must scale up efforts to tackle the root causes of youth restiveness by investing in education, skills development, and job creation. Let us focus on creating pathways for the youth to channel their energy into productive ventures, thereby reducing their vulnerability to crime and social vices.
“The economic hardship faced by many Nigerians today is undeniable, and considering the North-South disparity in economic inequality, it is even more pronounced in northern Nigeria. This calls for urgent intervention,” he said.
The chairman further added that they must work with the federal government to ensure that fiscal policies are sensitive to the realities of the day.
“As we speak today, most of our Northern states are in darkness due to the vandalisation of electricity transmission infrastructure. This, not only underscores the vulnerability of critical infrastructure but also the need to build additional transmission lines and diversify our energy supply to better connect our region and improve our energy resilience.
Daily Trust reports that most parts of the northern region have been in darkness for almost 10 days due to a fault on the Shiroro-Kaduna transmission line, a development that has further worsened the hardship being experienced in the region.
“Northern Nigeria holds immense agricultural potentials, which, if fully harnessed, can significantly alleviate hunger and boost economic growth,” he said.
The governor also commiserated with victims of terrorism, banditry, and other criminal activities in the North, including the victims of the Maiduguri flood and the recent tanker explosion in Jigawa State.
He said they would continue to work with the federal government and relevant agencies to provide the necessary support and relief to those affected.
In the communique, the group further said: “Particularly, we commend the untiring commitment of the Chief of Defence Staff, General C. G. Musa, whose professionalism and innovative approach has made difference in security architecture of the country at large”.
The group also resolved to provide adequate support to farmers, including access to financing, modern farming techniques and infrastructure such as roads and irrigation systems.
“Agriculture should not only be seen as a means to feed our people but also as a catalyst for industrialisation and job creation across the region. “That can be achieved through re-industrialisation of the North, especially by reviving the textile value chain and development of other agro-allied industries”, it said.
The group further called for roles for traditional rulers, saying, “Forum advocates for increased roles for the traditional institutions to maximise cooperation with security agencies in the fight against kidnap for ransom, banditry, cattle rustling, communal clashes, farmers/herder clashes and other forms of criminality.
“Forum acknowledges the recent gains made against criminals, especially the elimination of bandits and terror leaders.
“Forum emphasised that traditional institutions are critical in the quest for lasting peace and security in the region”.
The group also commended President Tinubu for the reform initiative in the livestock sub-sector and agreed to provide the necessary political will and commitment to ensure its success.
Our interventions would be felt – Uba Sani
In his remarks, the host for the event and Kaduna State Governor, Sani, said the Northern Governors Forum and the Northern Traditional Rulers Council would make their marks as effective platforms for addressing the security and developmental challenges confronting the North.
He emphasised the need for the leaders to work together to realise their vision of a secure, peaceful and prosperous North.
He further used the opportunity to commend President Bola Ahmed Tinubu, for reinvigorating the war against terrorists, bandits, kidnappers and other criminal elements in the region.
He said the establishment of a joint military command and launch of Operation Fansan Yamma are clear demonstrations of the federal government’s commitment to tackle the multidimensional challenges of insecurity confronting the region.
Almajiri, out-of-school children, major problems– Sultan
Also speaking at the event, the Sultan said the issues of almajirai and out-of-school children remain serious challenges confronting the northern Nigeria.
He urged the governors to include these issues in their discussions, emphasising the need to address them urgently.
The Sultan added that as leaders, they would support the Almajiri and Out-of-School Children Commission.
“The issue of out-of-school children and Almajiri is a core problem for all of us. When you go around the states, towns, cities, and villages, what you see is very unpleasant.
“We have so many children—hundreds, if not thousands, or millions—roaming about. This commission must be supported by all of us so that it succeeds. I am sure if it succeeds, we will all say yes, we are on the way to the world of freedom. Once you educate somebody, you have given him the freedom to be himself, to work for himself, and to work for humanity.
“We are ready to work with you, and you can reach out to us anytime. I have a strong belief that this set of Northern governors will turn the tables and make the North a better and safer place.
“Please, listen to us when we say certain things; we are not criticising you. We are stating things as they are, as we hear from our people. All you need to do is listen patiently because a leader must be patient with the people he is leading.
“You cannot know it all. You don’t know it all and will never know it all. When you bring good people close to you, and they advise you and you act on it, you will take the glory, and people will say this governor is excellent, not knowing there are people working for him 24/7. So, let’s work together because there is a new sense of direction and commitment with the present governors,” he said.
ACF speaks
The Arewa Consultative Forum (ACF), while reacting to the governors’ position, said this is not time for party politics and party loyalty.
Speaking with Daily Trust yesterday, the ACF National Publicity Secretary, Professor Tukur Muhammad-Baba encouraged the governors to get more involved in grassroots affairs, especially things to do with the socio-economic conditions of the people.
While commending the governors for their position, he said it is an indication that some people are aware of what the North is going through.
“The call by the governors and traditional rulers is very much in order because one of the things that have been happening is that most elected public officials have been mute about the suffering of the people in the North.
“The position of the governors is actually commendable. We called for more active involvement of the governors towards addressing problems in the North,” he said.
[DailyTrust]
The Federal Government has confirmed the arrest of three Chinese nationals and two Nigerians suspected of illegal mining in Nasarawa State.
The Minister of Solid Minerals Development, Dele Alake, made the disclosure in a statement by his Special Assistant on Media, Segun Tomori, on Monday in Abuja.
Alake said that the suspects were arrested at an illegal mining site located at Rafin-Gabas, Agwada, in Kokona Local Government Area.
He stated that the ministry’s mining marshals, established to secure mining sites across the nation, made the arrest in a recent operation following credible intelligence.
“The suspects were arrested for mining without lawful authorisation. Some of the minerals being mined include fluorite, zinc, lead, and tin.
“The arrested suspects confessed to having been on illicit activities at the site spanning five cadastral units since December 15, 2021.
“The company defied all lawful advice to regularise their activities and continued syphoning the nation’s resources, causing significant revenue losses to the Federal Government,” he said.
According to the minister, more than 200 illegal miners have been arrested so far, and about 140 are undergoing prosecution across the country.
He reaffirmed the Federal Government’s commitment to reforming the mining sector, emphasising that the mining marshals would remain steadfast in ensuring a secure and safe environment for legitimate investors.
[DailyPost]
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An Ikeja Special Offences Court has heard how former Central Bank of Nigeria (CBN) Governor Godwin Emefiele instructed his erstwhile despatch rider, Monday Osasuwa, not to formally acknowledge millions of dollars collected on his behalf from various sources.
Osasuwa, who is the first prosecution witness (PW1) in a case the Economic and Financial Crimes Commission (EFCC) filed against Emefiele, said this yesterday during re-examination by counsel to Emefiele, Olalekan Ojo (SAN), before Justice Rahman Oshodi.
The witness told the court that he had no record of all the money he collected and handed over to the former CBN governor.
The court had recalled Osasuwa, following the granting of an application Ojo filed over the case.
The lawyer asked Osasuwa if he produced any documents to the EFCC showing Emefiele’s instructions, and the witness said: “He advised me not to write anything down for all the money I brought to him. I did not produce any document because my boss told me not to keep any records. I only obeyed my boss.
“Whenever my boss was not around, he instructed me to give it to the second defendant (Henry Omoile).”
On April 12, Osasuwa had testified that Emefiele, on different occasions, used him to collect funds from different sources as the ex-CBN governor’s despatch rider.
The witness said after he became a CBN staff member, he collected over $3 million in tranches on behalf of Emefiele.
When Ojo asked the witness who his direct boss was at the CBN, Osasuwa said: “I did not have one direct boss. In my office, we have the Secretary to the former CBN Governor Emefelie.”
When the lawyer further asked Osasuwa if in his appointment letter as a senior supervisor, it was stated that he was to run personal errands for Emefiele, the witness replied: “If my boss gives me instructions, I can’t refuse.”
He told the court that based on the errands he ran for Emefelie, the EFCC said he was charged with money laundering.
“I have been carrying some dollars for him; so, the EFCC tagged it money laundering. It was based on the messages my boss sent me.”
Emefiele is standing trial for alleged abuse of office and money laundering to the tune of $4.5 billion and N2.8 billion.
The EFCC had, on April 8, arraigned the ex-CBN governor on 23 counts bordering on abuse of office, accepting gratifications, corrupt demand, receiving property fraudulently obtained, and conferring corrupt advantage.
Omoile was arraigned on three counts bordering on acceptance of gifts by agents.
The defendants pleaded not guilty to the charges.
Emefiele was admitted to N50 million bail with two sureties in like sum.
Ministerial nominees have begun the documentation process ahead of their screening and confirmation by the Senate, set to commence today (Tuesday).
This was announced on Monday evening by the Special Adviser to the President on Senate Matters, Basheer Lado.
Lado said, “Nominees were already submitting relevant documents as the first in the series of procedures for the screening and confirmation of ministerial nominees.
“The nominees are expected to be screened and confirmed by the Senate in compliance with Section 147 of the Constitution of the Federal Republic of Nigeria 1999 (as Amended).”
The Senate received President Bola Tinubu’s formal request for the screening and confirmation of seven ministerial nominees last Thursday.
The President’s request was conveyed in a letter addressed to the Senate President, Godswill Akpabio, which was read at the start of plenary on Thursday.
The nominees listed in the President’s letter are Dr Nentawe Yilwatda as Minister of Humanitarian Affairs and Poverty Reduction; Muhammadu Maigari Dingyadi as Minister of Labour and Employment; Bianca Odinaka Odumegwu-Ojukwu as Minister of State, Foreign Affairs, Dr Jumoke Oduwole as Minister of Industry, Trade and Development, Idi Muktar Maiha as Minister of Livestock Development, Yusuf Abdullahi Ata as Minister of State, Housing, and Dr Suwaiba Said Ahmad as Minister of State, Education.
In his letter, President Tinubu requested swift consideration of the nominees by the Senate.
Akpabio subsequently referred the request to the Committee of the Whole for prompt deliberation.
This development followed the President’s recent reshuffle of his cabinet.
In the process, five ministers were relieved of their positions. They were Uju-Ken Ohanenye (Women Affairs); Lola Ade-John (Tourism); Prof Tahir Mamman (Education); Abdullahi Muhammad Gwarzo (State, Housing and Urban Development) and Jamila Bio Ibrahim (Youth).
[Punch]
The pressure on the naira in the foriegn exchange market, and the removal of fuel subsidy have taken a toll on earlier projections on what the Federal Government would require to complete inherited ongoing road projects nationwide.
The Minister of Works, Engr. David Umahi, who disclosed this at a briefing yesterday, said President Bola Tinubu’s administration would now require over N19 trillion to get the job done.
The new cost represents an increase of N3trillion over the N16trillion projected for the projects as at August, 2024.
Umahi had at a briefing on August 23rd said: “The funding gap to complete all the inherited projects is about N13 trillion as of May 2023; that will be more than N16 trillion when all projects are reviewed in line with current market realities. This is due to the removal of fuel subsidy and floating of the naira.”
However, while addressing the media yesterday, the minister explained that these issues had continued to have an impact on the ministry’s activities, with respect to project delivery.
Umahi said: “The President inherited a total of 2,604 projects as at May 29, 2023. The total cost was N13trillion, that was what the President inherited. And a debt to contractors of N1.6 trillion.
“When you look at the variations by reason of the floating of the naira, you will find that if you review all these projects, you get over N19trillion, the total ongoing projects. “
The minister further explained that the President decided to keep all the projects alive, with the hope to get funding from internal and external sources, including loans, because of his concern for the well being of Nigerians.
According to him, the president has given priority attention to the ministry of works, knowing fully that roads and bridges have the potential of unleashing unprecedented economic benefits for citizens.
He also explained that the ministry would not hesitate to revoke the Abuja-Kano road contract awarded to Messers Julius Berger should it fail to mobilize to site at the expiration of the 7-day ultimatum given to it. The ultimatum expires tomorrow
According to him, negotiation between the ministry and the contractor went on for the better part of 17 months and government decided there must be an end to it.
[Vanguard]
The Senior Staff Association of Nigerian Universities (SSANU) has blamed the finance ministry for the ongoing strike that has disrupted the resumption of academic activities on campuses.
On October 28, non-teaching staff unions in federal universities began an indefinite nationwide strike over withheld salaries.
The federal government, under President Muhammadu Buhari’s administration, had withheld the salaries of university staff who participated in an eight-month strike in 2022.
In October 2023, President Bola Tinubu approved the release of four months of the withheld salaries of public university teaching staff.
Left out, non-teaching staff unions including SSANU and NASU accused the government of unfair treatment and discrimination.
In July, SSANU and NASU (Non-Academic Staff Union of Educational and Associated Institutions) planned a pre-strike protest to evoke a federal response on unpaid salaries.
The unions have since been at loggerheads with the federal government, initiating talks with the education and labour ministries.
A joint committee of both unions said it has issued multiple notices to seek redress on the matter but payment has yet to be made.
Muhammed Ibrahim, the president of SSANU, spoke during a Channels TV programme on Monday night.
He said the presidency has approved for the non-teaching staff to be paid but the matter is being stalled at the finance ministry.
“To be fair, the former minister of education Tahir Mamman and his colleague the minister of state did their best. This issue is being stalled at the finance ministry. The NLC president called the finance minister who kept assuring us payments would be made,” he said.
“This never happened. The NASU-SSANU joint action committee made efforts to see the minister of finance but we weren’t successful.
“Since July, we’ve been giving notices and changing dates based on assurances. What is happening is at the finance minister’s doorstep.”
Ibrahim said non-teaching staff have been struggling to sustain themselves under the heat of Nigeria’s unfavourable economic realities.
“Our universities are in a dire state,” he added.
“To have a productive economy and an enlightened population, universities must be funded properly. Teaching and learning must be seamless to avoid issues.
“The non-teaching staff comprising mainly of SSANU, NASU, and NAAT by extension have been shortchanged several times by operators of government.”
A strike by non-teaching staff, who oversee admissions, examinations, maintenance, security, and other administrative operations in federal universities, typically disrupts academic activities.
[TheCable]