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PDP Cautions Buhari On Fuel Price Hike …NNPC Dispels Rumours
The Peoples Democratic Party (PDP) has cautioned federal government and the governing All Progressives Congress (APC) against increasing pump price of fuel from the existing N145 per litre.
The party said its position is predicated on its unwavering commitment to the welfare of Nigerians, stressing that any increase in fuel price will result in upsurge in cost of goods and services thereby worsening the biting hardship being faced by Nigerians.
A statement by the spokesman for the PDP, Kola Ologbondiyan, yesterday, said that “at a time like this, rather than musing an increase in the price of such essential commodity, a responsive leadership ought to be engaging stakeholders and seeking ways to achieve a reduction in the interest of the people.”
The statement said: “Our party insists that the price comparison being contemplated by the APC-controlled Nigeria National Petroleum Corporation (NNPC) to warrant an increase, is untenable and further demonstrates that the APC is a party of selfish, unfeeling and insensitive individuals, who relish in inflicting pain and anguish on Nigerians for their selfish desires.
“Moreover, in arguing that petrol price is cheap in Nigeria without also comparing our market and production variables as well as social and economic infrastructure, with those obtainable in other countries, the APC-controlled NNPC is trying to play on the intelligence of Nigerians to pave way for further fleecing of our citizens.
“Such anti-people position can only come from leaders who do not have the mandate of the people and as such think that they are not answerable or accountable to the citizenry
“This is the same APC, which, in 2015, promised to reduce fuel pump price, only for it to jerk it up from N87 per liter, stabilised by the PDP, to an exorbitant N145, from which it now seeks a further increase.
“Moreover, the APC-led Federal Government has no justification whatsoever to contemplate any increase in pump price of fuel, when President Muhammadu Buhari has failed to recover the N9trillion ($25billion) oil money stolen under his watch, through sleazy contracts, as detailed in the leaked NNPC memo.
“President Buhari had also failed to recover the N1.1trillion worth of crude oil allegedly stolen, using 18 unregistered companies, reportedly linked to APC interests.
“It is therefore unacceptable that rather than recovering the over N10trillion stolen oil money and channelling same to our domestic energy needs, the APC-led Federal Government is seeking to shift the burden of the humongous corruption in the NNPC, as confirmed by the new Group Managing Director, Mele Kyari, on our already deprived and impoverished compatriots.
“It is saddening that at a time Nigerians should have been enjoying the benefits of Atiku Abubakar’s economic recovery plan, they are still being faced with apprehensions of more economic hardship under the hypocritical and unfeeling APC”.
Meanwhile, the Nigerian National Petroleum Corporation (NNPC), yesterday, advised motorists and other petroleum product consumers to disregard the trending rumour of a planned hike in the pump price of Premium Motor Spirit (PMS), popularly known as petrol.
It explained that the statement of the corporation’s Group Managing Director, Mele Kyari, at the National Assembly, last Wednesday, did not suggest any plan to increase the price of the white product.
The NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, clarified that what the NNPC GMD stated during his engagement with the Senate President, Senator Ahmed Lawan, was that the price of petrol was abysmally low in Nigeria compared to what obtained in neighbouring West African countries.
Ughamadu noted that Kyari had observed at the event that the huge disparity in the pump price of petrol between Nigeria on the one hand and her neighbouring countries, on the other hand, tended to encourage cross-border smuggling.
This, according to Ughamadu, was why the NNPC boss sought the support of the leadership of the National Assembly to curb the malaise of smuggling.
The oil firm advised Nigerians to disregard the insinuation of a planned hike in the price of petrol by NNPC.
It stated that statutorily, NNPC was not even in a position to regulate the price of petroleum products, adding that the corporation’s role as an operator must be differentiated from that of any of the industry regulators.
Ughamadu stated that as directed by relevant agencies of government, the pump price of petrol remains N145 per litre.
The NNPC cautioned petroleum products’ marketers not to sell petrol above N145 per litre following the disclaimed rumour.
It advised Nigerians to remain vigilant and volunteer information to the Department of Petroleum Resources (DPR), the industry regulator, or to any law enforcement agency around them, on any station which sells petrol beyond N145 per litre.
Earlier, the Group Managing Director (GMD) of Nigeria National Petroleum Corporation (NNPC), Mele Kyari, had last Wednesday, lamented at the Senate over the N145 per litre fuel price in Nigeria.
The Management of NNPC told the Senate that its fuel was the cheapest in the entire West African sub region.
Kyari, spoke last Wednesday, during a courtesy call on the President of the Senate, Senator Ahmad Lawan in his office to make submissions on revenue generation by the agency, along with the Nigeria Customs Service (NCS) and Federal Inland Revenue Service (FIRS).
Speaking further, the NNPC GMD who noted that the low fuel price and smuggling, are the two key factors hampering high revenue generation of the agency, said, “The N145 per litre fuel price regime Nigeria runs against the N350 per litre most of the other west African countries operate, encourages smuggling, which invariably affected revenue generation for the agency and by extension the country.”
Kyari, who noted that Nigeria is not benefiting optimally from gas production, however, informed the Senate leadership that as far as projected daily production level was concerned, remarkable achievement has been made with the 2.3million barrel daily production being recorded as against 1.6m barrel recorded on daily basis in 2016.
He, however, assured that before the year runs out, the corporation would meet the revenue projection of the appropriations act since the NNPC was working tirelessly with the customs and security agencies in controlling and containing cross border activities of the oil smugglers.
In his submission, the Director of Department of Petroleum Resources (DPR), Rufai Ahmed Ishaku, however, called on the National Assembly to speed up the passage of the Petroleum Industry Bill, saying that doing so will significantly transform the oil and gas industry and attract revenues.
In his remarks, President of the Senate, Senator Ahmad Lawan told the executives of the revenue agencies that the purpose of the collaboration was to gear them up in making more revenues for the government for effective and efficient budget implementation.
Lawan said: “It is very worrisome that the country within the last few years , have been resorting to borrowing from external lenders for implementation of capital components of the yearly budget.
“This is not good for the country economically when we have agencies that can assist in generating revenues at home for execution of such projects.
“What is happening today is not healthy and must be critically addressed by all stakeholders involved.”
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Fubara Dissolves Rivers Executive Council
Rivers State Governor, Sir Siminialayi Fubara, has dissolved the State Executive Council.
The governor announced the cabinet dissolution yesterday in a statement titled ‘Government Special Announcement’, signed by his new Chief Press Secretary, Onwuka Nzeshi.
Governor Fubara directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
He thanked the outgoing members of the State Executive Council for their service and wished them the best in their future endeavours.
The three-paragraph special announcement read, “His Excellency, Sir Siminalayi Fubara, GSSRS, Governor of Rivers State, has dissolved the State Executive Council.
“His Excellency, the Governor, has therefore directed all Commissioners and Special Advisers to hand over to the Permanent Secretaries or the most Senior officers in their Ministries with immediate effect.
“His Excellency further expresses his deepest appreciation to the outgoing members of the Executive Council wishing them the best in their future endeavours.”
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INEC Proposes N873.78bn For 2027 Elections, N171bn For 2026 Operations
The Independent National Electoral Commission (INEC) yesterday told the National Assembly that it requires N873.78bn to conduct the 2027 general elections, even as it seeks N171bn to fund its operations in the 2026 fiscal year.
INEC Chairman, Prof Joash Amupitan, made the disclosure while presenting the commission’s 2026 budget proposal and the projected cost for the 2027 general elections before the National Assembly Joint Committee on Electoral Matters in Abuja.
According to Amupitan, the N873.78bn election budget covers the full conduct of national polls in 2027.
An additional N171bn is needed to support INEC’s routine activities in 2026, including bye-elections and off-season elections, the commission stated.
The INEC boss said the proposed election budget does not include a fresh request from the National Youth Service Corps seeking increased allowances for corps members engaged as ad-hoc staff during elections.
He explained that, although the details of specific line items were not exhaustively presented, the almost N1tn election budget is structured across five major components.
“N379.75bn is for operational costs, N92.32bn for administrative costs, N209.21bn for technological costs, N154.91bn for election capital costs and N42.61bn for miscellaneous expenses,” Amupitan said.
The INEC chief noted that the budget was prepared “in line with Section 3(3) of the Electoral Act 2022, which mandates the Commission to prepare its election budget at least one year before the general election.”
On the 2026 fiscal year, Amupitan disclosed that the Ministry of Finance provided an envelope of N140bn, stressing, however, that “INEC is proposing a total expenditure of N171bn.”
The breakdown includes N109bn for personnel costs, N18.7bn for overheads, N42.63bn for election-related activities and N1.4bn for capital expenditure.
He argued that the envelope budgeting system is not suitable for the Commission’s operations, noting that INEC’s activities often require urgent and flexible funding.
Amupitan also identified the lack of a dedicated communications network as a major operational challenge, adding that if the commission develops its own network infrastructure, Nigerians would be in a better position to hold it accountable for any technical glitches.
Speaking at the session, Senator Adams Oshiomhole (APC, Edo North) said external agencies should not dictate the budgeting framework for INEC, given the unique and sensitive nature of its mandate.
He advocated that the envelope budgeting model should be set aside.
He urged the National Assembly to work with INEC’s financial proposal to avoid future instances of possible underfunding.
In the same vein, a member of the House of Representatives from Edo State, Billy Osawaru, called for INEC’s budget to be placed on first-line charge as provided in the Constitution, with funds released in full and on time to enable the Commission to plan early enough for the 2027 general election.
The Joint Committee approved a motion recommending the one-time release of the Commission’s annual budget.
The committee also said it would consider the NYSC’s request for about N32bn to increase allowances for corps members to N125,000 each when engaged for election duties.
The Chairman of the Senate Committee on INEC, Senator Simon Along, assured that the National Assembly would work closely with the Commission to ensure it receives the necessary support for the successful conduct of the 2027 general elections.
Similarly, the Chairman of the House Committee on Electoral Matters, Bayo Balogun, also pledged legislative support, warning INEC to be careful about promises it might be unable to keep.
He recalled that during the 2023 general election, INEC made strong assurances about uploading results to the INEC Result Viewing portal, creating the impression that results could be monitored in real time.
“iREV was not even in the Electoral Act; it was only in INEC regulations. So, be careful how you make promises,” Balogun warned.
The N873.78bn proposed by INEC for next year’s general election is a significant increase from the N313.4bn released to the Commission by the Federal Government for the conduct of the 2023 general election.
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Tinubu Mourns Literary Icon, Biodun Jeyifo
President Bola Tinubu yesterday expressed grief over the death of a former President of the Academic Staff Union of Universities and one of Africa’s foremost literary scholars, Professor Emeritus Biodun Jeyifo.
Jeyifo passed away on Wednesday, drawing tributes from across Nigeria and the global academic community.
In a condolence message to the family, friends, and associates of the late scholar, Tinubu in a statement by his spokesperson, Bayo Onanuga, described Jeyifo as a towering intellectual whose contributions to African literature, postcolonial studies, and cultural theory left an enduring legacy.
He noted that the late professor would be sorely missed for his incisive criticism and masterful interpretations of the works of Nobel laureate, Professor Wole Soyinka.
The President also recalled Jeyifo’s leadership of ASUU, praising the temperance, foresight, and wisdom he brought to the union over the years.
Tinubu said Jeyifo played a key role in shaping negotiation frameworks with the government aimed at improving working conditions for university staff and enhancing the learning environment in Nigerian universities.
According to the President, Professor Jeyifo’s longstanding advocacy for academic freedom and social justice will continue to inspire generations.
He added that the late scholar’s influence extended beyond academia into political and cultural journalism, where he served as a mentor to numerous scholars, writers, and activists.
Tinubu condoled with ASUU, the Nigerian Academy of Letters, the Wole Soyinka Centre for Investigative Journalism, the University of Ibadan, Obafemi Awolowo University, Oberlin University, Cornell University, and Harvard University—institutions where Jeyifo studied, taught, or made significant scholarly contributions.
“Nigeria and the global academic community have lost a towering figure and outstanding global citizen,” the President said.
“Professor Biodun Jeyifo was an intellectual giant who dedicated his entire life to knowledge production and the promotion of human dignity. I share a strong personal relationship with him. His contributions to literary and cultural advancement and to society at large will be missed.”
Jeyifo was widely regarded as one of Africa’s most influential literary critics and public intellectuals. Among several honours, he received the prestigious W.E.B. Du Bois Medal in 2019.
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