News
More exposures as daily fuel consumption drops by 18.5million litres after deregulation
The level of fraud that characterised the so-called fuel subsidy regime in Nigeria has been further exposed as the Federal Government said the volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of 2023 is 11.26 billion litres..
Following the removal of subsidy on petrol by President Bola Tinubu on May 29, 2023, PMS consumption reduced by an average of about 18.5 million litres daily in June.
What this means is that some criminal elements were collecting money for an imaginary 18.5 million litres as cooked-up fuel subsidy rent on daily basis.
According to data a obtained available at the Nigerian Midstream and Downstream Petroleum Regulatory Authority in Abuja, between January 1 and May 28, 2023, which was the pre-deregulation period, the total amount of petrol consumed nationwide was about 9.9 billion litres.
The average consumption for the 148-day period was put at 66.9 million litres, indicating the country consumed an average of 66.9 million litres of petrol daily during the five-month period when subsidy on petrol was still in place.
However, figures from the Federal Government agency indicated that between June 1 to June 28, 2023, which was described as the post-deregulation period, the total petrol consumption across the country was 1.36 billion litres, while the average daily consumption was put at 48.43 million litres.
This amounts to the fact that the difference between the average monthly consumption figures during the pre-deregulation and post-deregulation periods was about 18.5 million litres.
Therefore, the average daily consumption of petrol across the country reduced by about 18.5 million litres after subsidy on commodity was stopped by the Federal Government.
News
COAS charges commissioned officers on patriotism
The Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, on Saturday, charged the newly commissioned officers to place national interest above all else and uphold absolute loyalty to the Constitution of the Federal Republic of Nigeria..
He gave the charge while presiding over the Passing Out Parade (POP) of Executive Commission Course 2/2025 at the Nigerian Army School of Infantry (NASI), Jaji,
General Shaibu said the commissioning of this new set of officers form a critical component of the President Bola Ahmed Tinubu’s renewed drive to reinforce Nigeria’s security architecture as contained in the declaration of a State of Emergency on Security.
He also said that the commissioning is part of the fulfilment of the President’s directive to expand manpower, strengthen frontline deployments and accelerate security stabilisation efforts nationwide.
The Army Chief expressed confidence in the quality of training received by the officers, noting that their exceptional display of parade and weapon handling reflects the Army’s rising standards at a time when the nation demands heightened operational vigilance.
He urged them to remain uncompromisingly apolitical, disciplined and subordinate to civil authority, stressing that professionalism and constitutional loyalty remain the bedrock of military service.
News
Nigerian military jet crashes
A Nigerian Air Force jet has ccrashed near Karabonde, Borgu Local Government Area of Niger State.
This was disclosed by a Niger State-based online digital television network, Lapai TV, in a post on its official Facebook page on Saturday evening.
“Two Nigerian Air Force Pilots Reportedly Survive Alpha Jet Crash Close to Karabonde, Borgu Local Government Area of Niger State,” the post stated
The incident was said to have occurred Saturday evening.
At the time of filing this report, the military has yet to make any official communication about the incident.
News
Security Agencies Uncover Plot to Stage Protest Against President Tinubu, NSA Ribadu
Nigeria’s security agencies have reportedly uncovered a plan by some opposition politicians to organise protests in Sokoto and other northern states against President Bola Tinubu and National Security Adviser Nuhu Ribadu.
Fresh intelligence reports made available to journalists on Friday show that former Senator Kabiru Marafa is the main arrowhead of the plot.
The group is allegedly working to discredit NSA Nuhu Ribadu and the Minister of State for Defence, Bello Matawalle, by falsely linking them to bandit groups and using a Sokoto-based militia to trigger violent protests.
Sources say the Zamfara State Government, led by Governor Dauda Lawal, is strongly backing the plan and providing funding, determined to paint the federal security team as incompetent and force the removal of both Ribadu and Matawalle.
Security operatives detected the scheme this week, monitored several planning meetings in Gusau and Abuja, blocked funding channels, and quietly disrupted the operation.
No arrests have been made, but all the key figures are now under close surveillance.
The key figures are now being monitored by security agencies to track their key sources of funding.
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