A new per litre price of the Premium Motor Spirit (PMS), popularly known as fuel or petrol, has been noticed across retail outlets of the Nigerian National Petroleum Company Limited (NNPCL) within the Federal Capital Territory (FCT), Abuja.

Journalists who visited various NNPCL retail stations in the nation’s capital city observed that the price of petrol had been lowered from ₦1,060 to ₦1,040 per litre, indicating a reduction of ₦20.

 

According to a filling station attendant at the NNPCL outlet along the Kubwa expressway, the price adjustment took place on Saturday morning, bringing the cost down to ₦1,040 per litre from the previous ₦1,060.

 

Motorist Ezekiel Njoku also verified this change to Daily Post on Saturday.

“The reduction of ₦20 is significant. We need further fuel price reductions in the coming days,” Njoku said.

Nigerians will now purchase petrol at ₦1,040 per litre at NNPCL filling stations.

Prices, however, at other filling stations are likely to vary as some outlets might sell the product for around ₦1,115 per litre, depending on the location.

This change occurred just three weeks after the state-owned Port Harcourt refinery commenced the production of petroleum products in November 2024.

The former Managing Director of NNPCL Retail, Prof. Billy Okoye, had previously indicated that a decrease in fuel prices was likely with the initiation of production at the Port Harcourt refinery.

Additionally, oil marketers, along with the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association (PETROAN), have suggested that the deregulation of the sector, in conjunction with operational changes, is influencing these developments.

 

Recent media criticisms questioning the breadth of experience and business acumen of Mr. Massad Boulos, the incoming Senior Adviser on Arab and Middle East Affairs to U.S. President-elect Donald Trump, are not only misguided but also dismissive of the remarkable track record of both the man and the companies he has been instrumental in nurturing.
For instance, SCOA Nigeria PLC, where Mr. Boulos serves as Managing Director/CEO, is far from being just another company. It is a formidable force in Nigeria’s industrial and economic landscape. With roots spanning over four decades, it holds the distinction of being the first European automotive assembly plant in Nigeria.

In the 1970’s, SCOA Nigeria PLC made a name for itself by assembling Peugeot 404 and then 504 pickup trucks at its assembly plant at Apapa, Lagos and service center at its Lapal House facility on Lagos Island. Today, the company continues this proud legacy, assembling, distributing, and marketing M.A.N trucks and buses, power generators, tractors, agricultural equipment, industrial equipment and other heavy-duty construction and mining machinery critical to Nigeria’s key sectors.

SCOA Nigeria PLC’s clients include some of the most prominent and respected names in Nigeria’s construction industry, such as Julius Berger—widely regarded as the nation’s leading construction firm—Lafarge Africa PLC, a major cement producer, the Chagoury Group, renowned for developing the prestigious Banana Island, a premier residential enclave in Lagos, the DANGOTE Group, and many others.
Beyond trucks, SCOA Nigeria PLC is a trusted supplier of concrete, road construction and mining equipment, partnering with leading infrastructure companies to drive Nigeria’s development. For example, Julius Berger relies heavily on SCOA’s equipment for large-scale projects, including the 376km Abuja-Kaduna-Zaria-Kano highway and the 43.6km Lagos-Shagamu stretch of the Lagos-Ibadan Expressway and the Abuja-Kano Highway. Similarly, Hi-Tech Construction, currently working on the 700km Lagos-Calabar Coastal Highway and the Lagos-Badagry-Sokoto road network, depends significantly on SCOA PLC for the machinery and technology required to execute these ambitious projects, aimed at enhancing connectivity and trade across Nigeria’s southern, central, and northern regions.

Similarly,SCOA PLC has also been instrumental in the development of Eko Atlantic City, a groundbreaking urban project built on reclaimed land from the Atlantic Ocean. This visionary initiative, designed to address Lagos’s urbanization challenges and promote sustainable development, has been made possible in part by state-of-the-art machinery supplied by SCOA. Notably, Eko Atlantic City is set to host the United States Embassy, projected to be the largest of its kind globally upon completion, further underscoring the strategic importance of this landmark project.
In fact,SCOA Nigeria PLC’s impact extends beyond Nigeria’s shores. As a member of the FADOUL Group - one of the largest and most successful family-owned businesses in Africa - its influence spans across West and Central Africa. The FADOUL Group, established in 1966, operates numerous successful enterprises, employs over 20,000 people, and is valued at over $1 billion, with hundreds of millions of USD in assets. This legacy highlights the scale and scope of the operations under Mr. Boulos's leadership.

Contrary to unfounded claims in certain media outlets, the suggestion that Mr. Boulos is not a billionaire is both baseless and misleading. As President-elect Donald Trump rightly described, Mr. Massad Boulos is a “deal-maker,” a characterization grounded in fact. His proven ability to negotiate and execute complex international transactions has facilitated significant partnerships between Nigerian, German, and French businesses, delivering substantial value and mutual benefit.

As a Non-Executive Independent Director of SCOA Nigeria PLC since 2012, I have witnessed firsthand Mr. Boulos's instrumental role in driving the company’s success. His ability to navigate the complexities of international commerce, exemplified by the supply of a significant fleet of trucks to Lafarge Africa through a tripartite arrangement between a logistics firm, GPC and Union bank plc , has earned him widespread recognition and respect.
Mr. Boulos’s leadership has not only been vital to SCOA PLC’s achievements but also to the broader international business successes of the FADOUL Group. This is precisely the kind of experience and strategic vision he brings to his new role as Senior Adviser on Arab and Middle East Affairs to President-elect Trump.
As noted in a press release by Karoline Leavitt, Trump-Vance Transition Spokeswoman, attempts to smear Mr. Boulos's reputation are part of a broader effort by opposition elements to undermine President-elect Trump’s nominees. The truth remains that Mr. Boulos played a pivotal role in mobilizing the Arab-American and Middle Eastern-American vote, contributing significantly to the Trump-Vance victory—an achievement that underscores his political and organizational acumen.

Efforts to denigrate Mr. Boulos's qualifications and achievements are not only futile but also a disservice to the facts. Mr. Boulos’s expertise and accomplishments are well-suited for his new role, where he will undoubtedly deliver impactful results on behalf of President-elect Trump and the United States.

Magnus Onyibe,
Non-Executive Independent Director and Chairman of Audit Committee,
SCOA Nigeria PLC,

Nigeria’s Vice President, Kashim Shettima has revealed what Nigeria needs for development.
 
He said the country cannot achieve economic development without addressing the power sector crisis.
 
 
This is as he urged leaders in the country to rise above their differences, confront the power sector crisis and make Nigeria an industrialized nation.
 
Shettima stated this when while inaugurating the National Economic Council, NEC, Ad-Hoc Committee on National Electrification and NEC Ad Hoc Committee on Polio Eradication at the Presidential Villa, Abuja.
 
“One common thing with these countries and others in the post-industrial revolution community is that they have largely resolved the issue of energy insufficiency.
 
“There is no doubt that we cannot dream of meaningful national economic development without addressing the issue in the power sector and ensuring that Nigerians have accessible, available and affordable energy,” he stated.
 
While regretting that an estimated 40-70 percent of Nigerians have no formal access to electricity, Shettima said he is comforted by the knowledge that the calibre and experiences of Governors and other members of the committee will change the narrative in a positive trajectory.
 
The VP acknowledged the basic challenges in the nation’s power sector, particularly the national grid which has been witnessing system collapse.
 
Shettima, however, expressed hope that there would soon be significant improvement following the recent reforms in the energy sector which have opened the sector, not only to the participation of, otherwise, excluded players, but also to attract investments, both foreign and local.

...We rejoice with the Gov and entire Ekiti people

The All Progressives Congress, APC, in Ekiti State says it received with great delight the news that the Nigeria Civil Aviation Authority (NCAA) has  approved commencement of flight operation in the state from the 15th of this month. 

The party, through a release by its Publicity Secretary, Segun Dipe, heaped praises on the State Governor, Biodun Abayomi Oyebanji, BAO and the entire people of the state, saying the good news couldn't have come at any better time. 

The news filtered in Thursday 12 December 2024 that Ekiti Cargo Airport has been granted approval to commence Non-Scheduled Flight operation from December 15 by the Nigerian Civil Aviation Authority, NCAA. 

The NCAA dated the letter December 11, 2024 and addressed it to Ekiti State Governor, Mr. Biodun Oyebanji, saying the approval of the non-scheduled operations under Visual Flight Rules (VFR) at the airport was for a period of six months- December 15, 2024 to June 15, 2025.

With the approval, airplanes will now land and take off from the airport in Ekiti like everywhere else between 6.00am to 6.00pm (or sunrise to sunset). 

"This is a promise made and promise kept, a Christmas gift specially wrapped for all in the state. That is how we see it. We are very happy and we make bold to say that it will serve us well to the delight of all." 

Dipe said that at this point, it's not about what had been said wrongly or rightly about the airport project, but what has been achieved. He urged everyone to give the State Governor a pass mark for walking his talk and ignoring the naysayers till the project made a headway. 

"This is the summary of it all: We dreamt big and we have achieved big. It is today's achievement for tomorrow's greatness. 

"On the surface, it was a tall order for a State like Ekiti to boast an airport, but with the saying that with God, all things are possible, coupled with our having in the saddle a highly determined governor, then we can be greatly joyful that great things are happening to us in Ekiti in diverse ways."

"And we believe the good people of the State will be very delighted that this is happening to us at this crucial time. No one could have wished for more," Dipe said. 

 

Signed:

SEGUN DIPE

Publicity Secretary, All Progressives Congress, APC, Ekiti State.

 

 

 

 

The Peoples Democratic Party (PDP) gubernatorial candidate in the last Edo State Governorship election, Asue Ighodalo, has demanded the retraction of a defamatory statement against him by the All Progressives Congress (APC) chairman in Edo State, Jarrett Tenebe.

Naija News reported that Tenebe had slammed those mocking Governor Monday Okpebholo over his struggles to pronounce the ₦605 Billion Budget Figure.

 

The governor presented an estimated ₦605 billion budget for the 2025 fiscal year to the Edo State House of Assembly on Tuesday.

 

During the presentation of the Appropriation Bill, Governor Okpebholo stumbled while attempting to announce the ₦605 billion figure.

Despite the momentary lapse, he continued his speech, delivering key highlights of the proposal.

The video, which made rounds online, generated mockery from many Nigerians.

However, Tenebe, in a video shared online, claimed Okpebholo’s mistakes were due to his innocence, unlike the former Govenor, Godwin Obaseki.

According to the APC chieftain, Obaseki and Ighodalo would not have made such a mistake because they had stolen billions.

In response, Ighodalo, through his lawyers, demands an apology and retraction of the defamatory statement about stealing public funds amounting to billions.

The PDP guber candidate noted that failure to adhere to the letter within seven days would lead to further court action against Tenebe.

 
 
[NaijaNews]

Ekiti Agro-Allied International Cargo Airport (EAICA) Ado-Ekiti has received the approval of the Nigeria Civil Aviation Authority (NCAA) to commence non-scheduled flight operation effective December 15th, 2024.

The NCAA, in a letter dated December 11, 2024 and addressed to Ekiti State Governor, Mr. Biodun Oyebanji, said the approval of the non-scheduled operations under Visual Flight Rules (VFR) at the airport is for a period of six months- December 15, 2024 to June 15, 2025.

The letter, which was signed by NCAA Acting Director General Civil Aviation, Capt. Chris Najomo, was in response to the state government’s application for flight operational permit for the airport.

According to NCAA, the approval for a six months non-schedule operation at the airport is to enable the NCAA validate the implementation of the pending findings and to allow Ekiti State Government time to rectify a few outstanding Corrective Action items indicated in the agency’s last inspection report.

As part of compliance steps towards the commencement of the non-scheduled flight operations at the airport, operations are to be in agreement with relevant agencies for provision of essential services, including Air Traffic Services, Aerodrome Rescue and Fire Fighting Services, Aviation Security and Meteorological services.

It will be recalled that the State government had earlier signed MoUs and Service Level Agreements with these federal aviation agencies.

The Government of Ekiti State welcomes NCAA’s approval for the non-scheduled flight operation, which allows private jets and other chartered flights to land and take off from the airport between 6.00am to 6.00pm (or sunrise to sunset), preparatory to the final approval for commercial flight operations.

Most new airports are usually given non-scheduled flight approval to allow them clear audit gaps in their compliance before final approval for flight operational permit.

Governor Biodun Oyebanji describes the NCAA’s approval as a welcome development and a justification for the state’s investment in the airport project, which was designed to boost Ekiti State’s socioeconomic development by making the state more readily accessible.

Governor Oyebanji had earlier in the year assured stakeholders that the Ekiti airport would become operational before the end of the year.

Yinka Oyebode
Special Adviser (Media) to the Governor, Ekiti State

President Bola Tinubu will present the 2025 budget to a joint session of the National Assembly next Tuesday, December 17.

The Senate President, Godswill Akpabio, made the announcement about the budget presentation today, Thursday.


He said President Tinubu will make the budget presentation at the House of Representatives’ chamber by 11 a.m.

He disclosed this during plenary session on Thursday.

Akpabio said senators would first converge on the Senate chambers before proceeding to the Chamber of the House of Representatives for the joint session.

Earlier, last Tuesday, President Tinubu submitted the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2025-2027 to both the Senate and the House of Representatives last Tuesday.

The senate has asked Nyesom Wike, minister of the federal capital territory (FCT), to halt the demolitions in the nation’s capital.

The decision of the upper legislative chamber was sequel to a motion sponsored by Ireti Kingibe, senator representing FCT.

In recent months, the federal capital development authority (FCDA), under the leadership of Wike, has intensified the demolition of “illegally” constructed estates and shanties in the FCT.


The minister had said some of the shanties posed threats to the security of the nation’s capital.

The red chamber also resolved to set up an ad hoc committee led by Barau Jibrin, deputy senate president, to investigate the matter.

The FCT minister is expected to appear before the committee to answer questions about the demolitions that have rendered many people homeless in the nation’s capital.


Recently, Rita Lori-Ogbebor, chief executive officer of Rita Lori Hotels, revealed that the FCDA revoked a parcel of land in the Life Camp area of Abuja.

The land, she said, belonged to the late Paul Ogbebor, a retired colonel and her former husband.


Lori-Ogbebor has since asked President Bola Tinubu to intervene in the situation, adding that the parcel of land has been in her family for decades.

The ruling All Progressives Congress has warned that no alliance of the opposition leaders, including former Vice President Atiku Abubakar and former Anambra Governor Peter Obi, will be potent enough to stop President Bola Tinubu’s re-election in 2027.

The warning was given by the National Publicity Director of APC, Bala Ibrahim, in an exclusive interview with The PUNCH on Tuesday.

Ibrahim was reacting to a statement by Atiku’s spokesperson, Paul Ibe, that both his principal and his Labour Party counterpart had learnt their lessons in the last general elections and would unite to kick out the “incompetent and clueless” administration of the APC.

According to him, the combined votes of the two leaders, which would have amounted to 12 million, should have been enough to stop the President and prevent the hardship he has meted out to Nigerians. 

Ibe expressed his views on Monday’s edition of Channels Television’s Politics Today.

Reactions have trailed the interview with major opposition agreeing that a coalition of forces or merger could indeed defeat the APC in the same manner as the one witnessed in 2015 when former President Muhammadu Buhari defeated a sitting President, Goodluck Jonathan.

When contacted, Obi’s media aide, Umar Ibrahim, emphasised that his principal was committed to a better Nigeria and would be willing to collaborate with anyone who shared his vision, as long as their desire isn’t state capture.

 

Ibrahim said, “This dedication stems from his unshakeable optimism in the country’s potential and his focus on the welfare and prosperity of all citizens. Regarding Paul Ibe’s statement about Atiku’s willingness to unite with Obi, it’s clear that both leaders are open to working together to save Nigeria from the APC-led administration’s tyranny.

“However, Obi’s commitment to collaboration isn’t limited to any particular individual or party.”

On its part, the opposition political parties in Nigeria under the aegis of the Coalition of United Political Parties and the Social Democratic Party have expressed concerns, saying the country needed more than a coalition between the 2023 presidential candidates of the Peoples Democratic Party and the Labour Party.

CUPP and SDP stated that to defeat the APC, Nigerians must demand credible elections and form a coalition of trustworthy leaders to spearhead a rescue movement that served the nation’s collective interest.

In an exclusive interview with The PUNCH, CUPP National Secretary, Peter Ahmeh acknowledged that a coalition could aid opposition parties in defeating the APC.

Ahmeh emphasised that the key coalition needed at this time was one focused on ensuring free and fair elections.

He stated, “Our country has its ways. Atiku is a wonderful leader in Nigeria. That is very important. But the fact is there will be some sentiments that will come into play if you don’t put a person from southern Nigeria on the ballot. If you don’t do that, the idea that the northerners have taken over their eight years will now become part of the discussion across southwestern, southeastern, and South-South Nigeria.

 

“So, what we should do is believe that at the end of the day, these two leaders and other leaders will find common ground, where they will put the interest of Nigeria before their personal interests, allowing us to win this election and determine the future of Nigeria in a way that will benefit all Nigerians.”

Reacting to the possibility of a coalition between Atiku and Obi’s group to defeat the APC, he stated that in addition to a coalition, Nigerians must demand that elections be decided and concluded at the polling unit.

He added, “Yes, a coalition can help the opposition party defeat the APC. There’s no doubt about that. It will also facilitate the easy defeat of the APC.

“But the most important coalition we need at this moment is one that ensures elections are free and fair. Because if we do that, even when people form a coalition, we still face the problem of draconian leadership that can cause glitches in the server, or manipulate election results without proper authority behind it. The solution is that our elections should be decided by the polling unit.

“The Republic of Ghana has shown this. If you look at the commission chairperson, votes are cast at the polling unit, votes are recorded at the polling unit, and winners are announced at the polling unit. We should do away with these coalition centres, which are fraudulent centres for the manipulation of results.

“We still believe that when the people are determined and stay true to their convictions, the electorate will go to the polling unit and make their decision. But a coalition will only facilitate and make it easier for the opposition to reach the Presidency.”

The National Chairman of SDP, Shehu Gabam, stated that a coalition may not be the right solution at this time.

 

In an exclusive interview with The PUNCH on Tuesday, Gabam explained that political parties had struggled to unite over a long period, resulting in a trust deficit that affects most parties, with only a few exceptions.

He stated, “The coalition will not do much right now. The decay is extremely bad, and the loss of gravity in the political space is another point of concern. What people are looking forward to is the assembly of credible individuals to form a rescue movement that is credible and has a solid base; this has nothing to do with the coalition of political parties.

“The parties, over a long period of time, could not galvanise themselves. The trust deficit has enveloped the various political parties, apart from a few. Even if you merge all the parties, the roles of individuals who are good, credible, and have been tested will draw people, not the roles of the political parties.

“There is a trust deficit, and this may lead to a crisis among various political parties. What the people are looking for are individuals who have a record of service and the ability to be creative.

Regarding Atiku and Obi, he said, “All I know is that every hand is needed to be on board to salvage the situation. We are talking about salvaging Nigeria. And the knowledge required to do that is not domiciled in a single individual. We have a multitude of talents in the country, with the energy and capacity to turn things around for good; it’s just that they have not been organised.

“So, for me, what is critical is to focus on the individuals, the energy sector, and their intellectual base to harness the strength in our diversity for the benefit of all.”

Similarly, the All Progressives Grand Alliance said it was ready to form an alliance with other progressive political forces across party lines to build a Nigeria that citizens could be proud of.

The National Chairman of APGA, Sly Ezeokenwa, made this known while briefing newsmen in Abuja, echoing similar sentiments expressed by the party’s National Leader and Anambra State Governor, Charles Soludo.

Ezeokenwa stated that with the party’s internal leadership tussle resolved by a Supreme Court judgment affirming his chairmanship, APGA was now poised to reclaim its position in Nigeria’s political landscape.

“APGA proudly has elected representatives within and outside the South East. We are ready and willing to work with all other progressives to build Nigeria because we believe in our country.

“As part of our commitment to reconciliation, we have granted amnesty to party members who are genuinely repentant, irrespective of which side they supported during the crisis,” he said.

But Bala Ibrahim laughed at the thought of both Atiku and Obi, who he described as strange bedfellows, coming together with the sole aim of stopping Tinubu in the 2027 election.

The APC spokesman also said no potential from the opposition, who he said are enmeshed in crisis, can seriously pose any serious threat to the ruling party.

He said, “It is a dream gone wrong. All over the world, you don’t add up the total votes in an election and hope to use it to topple the votes of the winner. No! You don’t do that. A smart winner always capitalises on that to create a crack within the opposition. This is because each candidate is aspiring to win.

“It’s a case of the simple majority providing the winner so far as he meets the requirement and whatever percentage is needed. So, if this is what they are relying upon, then we start celebrating 2027 because they are going to be defeated again. They will be severely beaten.

“We are happy they are learning lessons from the superior antics of the ruling APC. Now that they have admitted they are learning from those lessons, they should wait for new tutorials in 2027. As a matter of fact, the APC has opened a Progressive Institute where they can come with their books and biro to learn more about progressivism.”

Also, in an exclusive interview with one of our correspondents on Tuesday, the PDP Deputy National Youth Leader, Timothy Osadolor, explained that both the former Vice President and the former Governor of Anambra State were partly to blame for the hardships Nigerians were currently facing.

Osadolor called the potential unity between Atiku and Obi an illusion, noting that neither has demonstrated a commitment to collaborating.

“Atiku and Obi coming together is still illusionary because they have not committed themselves to coming together.

“If they go ahead and come together, they will provide a viable alternative to this APC-failed administration.

“The truth is that Atiku has paid his dues, and Obi has also paid his dues. Both of them contributed to where we are now. If they had united in the last election, Nigeria and Nigerians would not be in the current pain we are in now.

“But for 2027, anybody with his head on his shoulders will be better than President Bola Tinubu. Atiku and Obi will be a welcome development if they agree to work together and manage their egos. But I believe there will be more viable options that we can pick from.

“Atiku brought Obi to the light in 2019, so what Obi searched for and couldn’t find in 2023, he may also want to search for the same thing in 2027. So, for me, it is an ego issue. If Obi can manage his ego and if Atiku can open his heart more, they stand a chance, but I will not foreclose Nigeria’s liberation on them.”

Governor Dauda Lawal of Zamfara State says some financially less-buoyant states may not survive if the tax reform bills before the National Assembly are passed and signed into law by President Bola Tinubu.

“Some states may not be able to survive so it is something that must be carefully studied so that we don’t hurt ourselves in the long run,” the governor said on Channels Television’s Politics Today programme on Tuesday.

“Well, the tax issue has a lot of components – there is the good aspect and there is the bad aspect. So, we are studying the situation so as also to advise our people on the way forward. It’s an ongoing process and we will continue with the engagement,” he said.

The new tax bills introduced by the Tinubu administration have been enveloped in widespread controversy and sparked scathing criticisms and stiff opposition from many including the 36 state governors under the aegis of the National Economic Council (NEC). The 19 governors in northern Nigeria have also unequivocally rejected sections of the bills.

Lawal, one of the governors in the north, said it would be difficult for many states to pay the N70,000 minimum wage if the tax reforms are implemented.

The governor said, “Reform in a system is inevitable and we should always expect reforms. However, in trying to do that, we also need to be careful not to be in a hurry to do something that will later hurt us.

“So, I believe we should carefully study the situation, and have a clear understanding and take a common stand.

“There is a component of it that talks about derivation and definitely, if we are to go by it, it is going to affect some of the states in terms of what kind of inflows they have and invariably it may make it difficult for some states to be able to pay their salaries.”