News

No Petrol Subsidy Removal Without Domestic Refining, IPMAN Insists

Published

3 years ago

April 3, 2023

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has insisted that it is opposed to the removal of subsidy on petrol with the country refining the product locally.
IPMAN explained that with the government importing all premium motor spirit, petrol, consumed in the country, removing the over N3.5 trillion subsidy would expose Nigerians to arbitrary pricing.
The IPMAN Public Relations Officer, Chief Chinedu Ukadike in a note to Vanguard at the weekend insisted there has to local refining before the subsidy could be removed.
Chief Ukadike said refining in-country should be the government priority, stressing that any decision on petrol subsidy removal should be left for the incoming administration.
According to him, “IPMAN is in support that the outgoing administration of President Muhammadu Buhari should not go into the removal of the subsidy as factors that would necessitate the removal of subsidy have not been put in place by the government.
“IPMAN also supports the position of PENGASSAN that our refineries should work and that our pipelines should be repaired in order to move petroleum products out of the coastal areas to the dry land closer to marketers that allow them load petroleum products as quickly as possible without having to move long distance.
“These are the factors that aid the movement to subsidy regime removal and if these factors are not in place, we will be able to curb petrol importation and guard against exorbitant pricing”.
Chief Ukadike noted that any attempt to remove the subsidy by President Buhari would create hardship for the people and challenges for the incoming administration.
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, had last week advised the incoming administration to, as a matter of urgency, remove fuel subsidy as part of efforts to facilitate growth of the downstream sector of the oil and gas industry.
PENGASSAN President, Comrade Festus Osifo, told journalists that past administrations’ commitments to retaining subsidy in the country have adversely affected cost of living and the economy at large, also said that subsidy has shrunk the country’s dollar reserve and further frustrated the exchange market.
While maintaining its stand on removal of subsidy, he advised that the move would help the country save more and speed up infrastructural development across the country.
The PENGASSAN boss expressed belief that the subsidy will have a positive impact on the nation’s foreign exchange which would in turn rub off positively on the citizens.
According to him, the issue of subsidy, if removed, we believe that the downstream sector of the oil and gas industry will actually grow much more if that sector is deregulated.
“And in the last seven years, we have actually maintained that stand. We have maintained our stance not minding some of the side effects. But again, if you look at these subsidy attacks we tend to be trying to hold on to something why we are losing in some other areas.
“If you look at the cost of living, it has gone up drastically, by over and over, three times in the last two, or three years. If you look at the drivers of why the cost of living has actually moved to where it is today, it is actually because of the fact that our exchange rate has plummeted. Before now, our exchange rate used to be somewhere around 100 plus Naira to $1. But, today, it’s around 800. It even moved beyond it to 800 sometime last year.
“So, now, why is this exchange moving up? Because we are not aiming foreign exchange. Oil and gas is where we earn about 80 to 90% of our foreign exchange. But, at the end of the day, this money is now being used on any subsidy, importing PMS and when you now import this PMS what will now happen in return you will not sell in Naira. So, that has a shrinking dollar reserve and because our dollar reserve has shrunk to the level it is today.
“That is actually why our exchange rate has plummeted. So now, if we address this problem, if we look at domestic refining, and we also look at the issues bothering on subsidy, if we address this, Nigerian and the Nigerian government will earn more money from the crude oil save and that money will go into CBN; it will shore up our reserves and it will support lots of other imports and the pressure in USD”.

News

Cleric Predicts Breakthrough, Warns of Political and Security Challenges in 2026

Published

3 days ago

January 12, 2026

The Tide

The Founder and Senior Pastor of Liberty Hour Ministry, Port Harcourt, Apostle Chikadibia John Wodo, has expressed optimism that 2026 will usher in uncommon breakthroughs and good fortune for Nigeria, particularly in the areas of political, economic, and spiritual development, with Rivers State playing a key role.

Apostle Wodo made this declaration in his special New Year message, where he stated that individuals and forces standing as obstacles to the manifestation of God’s will in the new year would face bitter consequences. He cautioned that corrupt political leaders risk backlash from the very people they govern if they fail to change their ways.

The cleric warned against the escalation of political tension in Rivers State and called on residents and religious leaders to intensify prayers for lasting peace. He also urged Governor Siminalayi Fubara to remain resolute in leadership, reminding him to uphold his vows to God by continually seeking divine guidance in decision-making and governance amid evolving challenges.

Assessing the broader national situation, Apostle Wodo called on Nigerian leaders to repent and govern with a heightened sense of responsibility, noting that the cries and supplications of the masses have drawn divine attention. He further warned of alleged plots to disrupt a smooth democratic transition in 2027 and appealed for prayers to avert such an agenda.

According to him, Nigerians are yearning for genuine socio-economic transformation and freedom from political oppression. He challenged the Independent National Electoral Commission (INEC) to redeem its credibility by ensuring free, fair, and credible elections devoid of undue political interference.

The cleric also predicted that insecurity could worsen in the coming year and warned of the possible emergence of a strange ailment, stressing that Nigeria’s political challenges can only be resolved through equity, fairness, and justice, especially in the treatment of minorities, the vulnerable, and the disadvantaged.

Apostle Wodo further claimed that some clerics and General Overseers have compromised their faith and incurred divine displeasure, calling for sincere repentance to restore their relationship with God. He also advised early preparedness to mitigate natural disasters such as fire outbreaks and flooding, particularly in rural communities.

He concluded by urging Nigerians to remain prayerful, vigilant, and united as the nation navigates the opportunities and challenges of 2026.

News

Ado Royal Family Disowns Alleged Installation of Amanyanabo of Okrika

Published

3 days ago

January 12, 2026

The Tide

The Ado Royal Family of Okrika has firmly disassociated itself from the alleged self-enthronement of Hon. Godknows Tam George as the Amanyanabo of Okrika and Clan Head, describing the action as unlawful, illegitimate, and a threat to the peace of the ancient kingdom.

The family, which described itself as the sole legitimate custodian of the history, traditions, and stool of the Amanyanabo of Okrika, stated that it has not installed any king and has not commenced the formal process for such installation.

This position was contained in a statement jointly signed by Prof. Sotonye Fyneface-Ogan (Ogan Ado Royal House), Alabo Engr. Henry Semenitari Abam (Abam Ado Royal House), and Alabo Prince Oriyeorikabo Fibika (Fibika Ado Royal House). The statement was presented to journalists on Friday at the Nigeria Union of Journalists (NUJ) Press Centre, Moscow Road, Port Harcourt.

According to the statement, the purported action by Hon. Tam George amounts to “a blatant assault on the collective integrity of the Okrika people” and constitutes “a criminal act of impersonation with the potential to destabilize the peace and socio-political fabric of our ancient kingdom.”

The family stressed that Hon. Tam George was never presented as a candidate by the Ado Royal Family and did not undergo any of the mandatory rites, consultations, or confirmations required by Okrika customs.

“The Ado Royal Family has never presented him as a candidate, nor has he undergone any of the prerequisite rites, consultations, or confirmations. His actions are those of a lone interloper, operating in a vacuum of legitimacy,” the statement read.

It further emphasized that the stool of the Amanyanabo of Okrika and Clan Head is a sacred institution rooted in centuries-old traditions and spiritual heritage, not something to be claimed through academic qualifications, political ambition, or personal interest.

Speaking during the briefing, Prof. Sotonye Fyneface-Ogan reiterated that the process of crowning an Amanyanabo is clearly defined and has not yet begun.

“To crown a king, there is a process, and those processes have not taken place,” he said. “We are the chiefs; we are the ones that will be part of the selection. Honestly, we have not started the selection process; we have only begun discussions.”

He explained that during the proper selection process, chiefs supervise nominations from each constituent house, with each house expected to nominate two or three candidates—steps which, he noted, have not been carried out.

“I want to assure the public that none of the Ado family chiefs has given Hon. Tam George any sign of approval,” Prof. Fyneface-Ogan added.

Efforts to obtain the reaction of Hon. Godknows Tam George proved unsuccessful. Repeated attempts through phone calls, text messages, and WhatsApp messages were unsuccessful, as he did not respond as of the time of filing this report.

By: Tonye Orabere

News

PH Traders Laud RSG’s Fire Safety Sensitisation Campaign

Published

3 days ago

January 12, 2026

The Tide

Traders in Port Harcourt, Rivers State, have commended the Rivers State Government (RSG) for its ongoing fire emergency and safety sensitisation campaign across major markets in the state.

Speaking on behalf of traders at Nowa Market, Borikiri Old Port Harcourt Township, the market chairman, Mr. Innocent Chukwuma, praised Governor Sir Siminalayi Fubara for initiating the awareness programme in designated markets and public places.

Chukwuma described the exercise as timely and impactful, noting that it was the first time the Rivers State Government had carried out such a campaign in Nowa Market. According to him, the sensitisation would educate traders on fire emergencies and the necessary precautions to prevent outbreaks.

He urged traders to strictly apply the safety measures taught during the campaign, both during business hours and after closing their shops.

“I want to thank the Rivers State Governor, Sir Siminalayi Fubara, and the Ministry of Special Duties for coming to our aid, especially during this dry season,” Chukwuma said.

“This is the first time we are seeing government presence in our market in this manner. We lack words to thank our God-sent governor, particularly for providing us with fire extinguishers and other firefighting equipment.

“We will do exactly what we have been taught today to ensure there is no fire incident in our market. We will always switch off all electrical appliances before closing for the day,” he added.

Similarly, the Chairman of Mile 3 USTRE Modern Market, Mr. Gift Nkesi Benjamin, applauded the state government for the distribution of fire extinguishers and other fire safety equipment.

“We will adhere strictly to the safety guidelines and instructions given to us today to ensure there is no fire outbreak in our market,” Benjamin stated.

“On behalf of Mile 3 USTRE Modern Market, I sincerely thank the Rivers State Government and the Ministry of Special Duties for bringing this important campaign to our market.”

At Rumuwoji Market (popularly known as Mile 1 Market), the Chairman, Chief Hon. Godpower O. Wobo, also expressed gratitude to the state government for the sensitisation exercise. He assured that traders would comply fully with government directives to prevent future fire incidents.

Responding on behalf of Governor Siminalayi Fubara, the Permanent Secretary of the Ministry of Special Duties, Mr. Sokari D. P. George, thanked the traders for their cooperation and warm reception.

He emphasised that safety remains paramount, especially during the dry season, and urged traders to be cautious in their daily activities.

Mr. George disclosed that the theme of the 2025 fire safety campaign is “Controlled Fire Is a Friend, Uncontrolled Fire Is an Enemy.”

He cautioned against refuse and bush burning around buildings and warned traders not to store fuel in unauthorized places such as homes, offices, markets, or public buildings.

“Follow all fire safety guidelines and instructions,” he urged.

The permanent secretary also noted that Governor Fubara prefers a zero-fireworks approach during festive periods to ensure public safety, stressing that the government has invested heavily in markets and expects traders to take responsibility for protecting them.

By: Kiadum Edookor