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NAEE President Wants Buhari To Sign PIGB
The President, Nigerian Association for Energy Economics (NAEE), Prof. Wumi Iledare, last Saturday urged President Muhammadu Buhari to sign the Petroleum Industry Governance Bill (PIGB) before 2019 elections campaigns begin.
Iledare made the call at a pre-conference news briefing in Abuja, ahead of the 11th NAEE/IAEE International Conference beginning today.
The National Assembly passed the bill on March 28 following the unanimous adoption of a report on the Bill presented by Chairman, Senate Committee on Petroleum (Upstream), Sen. Tayo Alasoadura.
In passing the bill, the lawmakers approved in it, five per cent levy on petroleum products sold in the country.
Iledare urged Buhari to assent to the bill quickly as it still had 12 months to 24 months transition period after the president’s assent “to cushion any event of macro-economic shock”.
“I am not saying he shouldn’t evaluate. He should not assent to it without reviewing it further and that is why we have separation of powers.
“I think he has sent the bill to some critical sectors in the executive arm to look at it to get informed. If I am to advise the executive, I will say look ahead, not the now.
“If I were the president, I will sign it before the election campaigns begin because it will give him something to say look, I have done it after 18 years.
“The president needs an energy council, a competent body of energy professionals to look at the energy supply mix for Nigeria, just like you have in some other places.
“The reason why you see the shale gas developments in the U.S. is because of the Potential Natural Gas Committee that has existed for many years.
“I said this when Buhari came to power, that there is an energy council that is moribund and should be revamped,’’ Iledare said.
He said the Nigeria National Petroleum Corporation (NNPC) was experiencing under-recovery because it could not recover what it pays for in dollars using naira in an unstable market.
“We warned the government then, at that particular time there was an opportunity not to put any price because the price on the street was already N200.
“Unfortunately, you cannot recover what you pay for in dollars using naira, when the exchange rate is unstable and that is what we have.
“I think also that if you look at the industry, we are not in any way operating a deregulated downstream, what we have is what I will call a price ceiling that has been misinterpreted as a price floor.
“This means that when you have a price ceiling, you do not want the price to go beyond that yet, the equilibrium price is somewhere high.
“This is because when you have a price floor, equilibrium is supposed to be below the price floor, and that is more or less a misinterpretation.’’
According to him, under-recovery will not continue for a long time because when the PIGB is assented to, the NNPC becomes a commercial entity with shareholders that will receive dividends.
“This means that there will be key performance indicators that whoever is heading NNPC will deliver to shareholders,’’ Iledare said.
On his part, Vice President of NAEE, Prof. Adeola Adenikinju, said he was worried about the structure of subsidy in Nigeria.
“If you look at Kerosene, the poor people buy it at market price; diesel, the companies buy at market price and petrol, which is the product that is widely used by the elite, is the one that has this kind of issue.
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2027 Polls: Rivers PFN Calls For Stronger Christian Political Engagement
The Rivers State chapter of the Pentecostal Fellowship of Nigeria (PFN) has called for stronger Christian political engagement ahead of the 2027 general elections, as part of efforts to strengthen Christian participation in the country’s democratic process.
The State Chairman of the Fellowship, Rev (Dr) Minaibi Dagogo Jack, made the call during a media briefing in Port Harcourt, where he emphasised that the group would critically assess political parties and candidates before guiding its members on voting decisions.
According to him, the PFN intends to engage political actors directly and take a collective position on candidates deemed to represent good governance and moral leadership.
“We will critically look at the candidates, have time to discuss with them, and we shall decide as leaders on who to direct our members to vote for,” he said.
Rev. Jack stressed that the Christian community must become more actively involved in politics to ensure the emergence of what he described as righteous and accountable governance in Nigeria.
He argued that continued political apathy among Christians has allowed what he termed “bad leadership” to dominate the country’s political space.
June 12 Democracy Day Criticism
Commenting on the recent June 12 Democracy Day celebration, the PFN chairman said the occasion has lost its meaning for many Nigerians due to worsening insecurity and governance challenges.
He said June 12, which symbolizes political freedom and democratic struggle, no longer reflects the realities on the ground.
“June 12 ordinarily should represent political freedom, freedom for the oppressed, and freedom for Nigerians as a people. But from a close look at political activities, particularly in Rivers State, the essence of June 12 has been defeated,” he said.
He also decried what he described as the collapse of internal democracy within political parties, alleging increasing interference and manipulation of opposition party structures.
“We are in a situation where internal democracy is no longer practised… a situation where opposition political parties will produce two, three, four candidates representing one party. This is not democracy; it is confusion,” he added.
Rev. Jack further disclosed that the PFN had concluded a three-day seminar aimed at sensitizsing youths against electoral violence and redirecting them toward productive engagement in business and nation-building.
He said the programme also focused on Nigeria’s political climate and the role of the church in promoting peaceful elections.
He also commended security agencies for recent rescue operations involving abducted children, while urging the federal government to improve the welfare and equipment of security operatives, including the adoption of modern surveillance tools such as drones.
He called for strong legal frameworks and oversight mechanisms to ensure state police institutions remain professional and independent of political interference.
“State police is good but must come with proper legislation so that governors will not take advantage of it,” he said.
He also appealed to the Federal Government to intensify efforts toward the rescue of abducted school children and other victims held by criminal groups, stressing that security remains central to democratic stability in Nigeria.
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KELGA Ward Four Endorses Tinubu, Chinda As Political Support Gathers Momentum In Elele
Ward Four in Elele Community in Ikwerre Local Government Area of Rivers State has announced its endorsement of the candidature of Bola Ahmed Tinubu for the presidency and Kingsley Chinda for Governor in the forthcoming general elections on the platform of the All Progressives Congress (APC)-aligned Rainbow Coalition.
The endorsement was made during an emergency stakeholders’ meeting convened by the leader of the Rainbow Coalition in the ward, Hon. Amadi Jacob. The gathering brought together political leaders and stakeholders who expressed unanimous support for the candidates.
Hon Jacob, a former Supervisory Councillor, expressed appreciation for what he described as the Rivers State Governor’s alignment with the advice of President Tinubu in supporting the state’s APC governorship structure. He noted that the development reflects growing political harmony within the party and its allied coalition.
He further stated that Ward Four would mobilise what he described as “organic support” for the endorsed candidates, adding that strategies would be put in place to ensure their victory at the polls. According to him, Elele remains a strong voting bloc within Ikwerre LGA and would play a decisive role in delivering electoral success for the coalition.
While acknowledging the presence of opposition candidates, Hon. Amadi maintained that the ward would work closely with all relevant stakeholders to secure a “landslide victory” for all Rainbow Coalition candidates. He also expressed satisfaction with the outcome of the primaries, describing the selected candidates as capable and electable.
In his remarks, the Renewed Hope Coordinator in the area, Victor Okah, pledged the ward’s full support for Hon. Amadi Jacob’s leadership, stressing that his guidance would be instrumental in achieving electoral success. He commended Amadi’s leadership style, describing it as consistent and widely accepted among party stakeholders.
Another community leader, Hon. Chikwuka Eleonu, also expressed confidence in Amadi’s leadership, noting that he has remained steadfast and committed to the political direction of the ward.
The meeting concluded with renewed commitments by stakeholders of Ward Four Elele to intensify mobilisation efforts ahead of the elections, with leaders insisting that the ward would play a leading role in delivering victory for the Rainbow Coalition candidates.
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FG Begins Trial Of Over 600 Terrorism Suspects
The Federal Government has commenced another phase of mass trials for hundreds of suspected terrorists facing terrorism-related charges in Abuja.
This is as the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), declared that the administration would not treat terrorism with levity.
The prosecution is being led by Fagbemi, while the Director-General of the Legal Aid Council, Aliyu Abubakar, heads the defence team.
The trials, taking place simultaneously in several courtrooms, are expected to last one week.
Some of the judges handling the cases include Justices Binta Nyako, Emeka Nwite, Musa Liman, James Omotosho, Obiora Egwuatu and Ekerete Akpan.
At least 58 suspected terrorists were listed for trial before Justice Nwite on Monday.
Among them are Abba Bukar, Abba Manye, Gujja Mala Bukar, Brem Gonimi, Isa Mohammed, Lawali Dashiri Danke, Yau Tukur (Mai-Auduga), and Bello Liman, also known as Bell Doctor.
The latest proceedings come barely two months after about 500 suspected terrorists were tried between April 7 and April 10 in Abuja.
Speaking with journalists at the commencement of the trials on Monday, Fagbemi said the proceedings demonstrated the Federal Government’s commitment to combating terrorism and ensuring the security of Nigerians.
“The message is clear, direct and straightforward. It is that the present administration is not taking the issue of terrorism with levity. And that is why you see ongoing trials,” he said.
According to him, the current exercise marked the fourth phase of terrorism trials under the administration.
“Since the inception of this administration, this is about the fourth phase that we are undertaking. So the message is that let everybody know that terrorism in whatever form or shape will not be tolerated.
“We will fight with every inch of our blood to ensure that we make Nigeria a safe haven for everybody,” the AGF said.
Fagbemi disclosed that more than 600 suspects would be tried during the current phase.
Providing a breakdown of the figures, he said, “For this phase, the ones we have today, we have about 490. Tomorrow we will have 84. But this 84 does not include the 102 we brought forward from the last phase.
“So in total, we have 600 plus to contend with for this phase, and we have been assured by the honourable judges that they will do their utmost to ensure that they clear this number for this phase.”
The mass trial forms part of the Federal Government’s efforts to prosecute individuals accused of terrorism, insurgency and related offences as part of a broader strategy to tackle insecurity across the country.
Meanwhile, two suspects were convicted and sentenced on Monday after pleading guilty to terrorism-related offences.
Justice Binta Nyako sentenced a 55-year-old farmer from Katara village in Borno State, Ali Mustapha, to 15 years imprisonment for concealing information about the activities of the Boko Haram sect.
The judge convicted him after he pleaded guilty to the charge.
Nyako, however, noted his claim that there were no government officials or security agencies in his remote community to whom he could have reported the activities.
She ordered that the 15-year jail term should take effect from 2013, when he was arrested and detained.
In a separate case, the judge sentenced Isa Isiaka, a father of 11 children and husband of two wives, to 20 years imprisonment for failing to disclose information about Boko Haram activities to the authorities.
Isiaka was convicted after admitting guilt to terrorism charges filed against him by the Attorney-General of the Federation.
Justice Nyako rejected his plea for leniency and sentenced him to 20 years imprisonment without an option of fine.
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