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No increase in petrol price, says Tinubu
President Bola Tinubu has said there is no plan to increase the price of petrol in Nigeria.
This is coming following rumours that the price of the essential product would increase this week.
While speaking on the matter, presidential spokesman Ajuri Ngelale said- “There is no increase in prices at this time.
“Mr. President is convinced, based on the information before him, that we can maintain current pricing without reversing our deregulation policy, by swiftly cleaning up existing inefficiencies within the midstream and downstream petroleum sectors.
” There had been hikes in pump prices as market forces took control since the President declared in his inauguration address that “fuel subsidy is gone”.
There was panic buying in some places over the week following rumours of a hike at the weekend with the nation’s organized Labour threatening a nationwide strike without notice should there be a further price adjustment.
Ngelale stressed that Labour’s strike threat was premature. He told reporters at the Presidential villa that the steps being taken to clean up inefficiencies within the petroleum industry continue.
He said: “The President wishes, first, to state that it is incumbent upon all stakeholders in the country to hold their peace.
“We have heard, very recently, from the Organised Labour movement about their most recent threat.
“We believe that the threat was premature and that there is a need for all sides to ensure that fact-finding and diligence are done on what the current state of the downstream and midstream petroleum industry is before any threats or conclusions are arrived at or issued.
“Secondly, Mr. President wishes to assure Nigerians following the announcement by the NNPCL that there will be no increase in the pump price of Premium Motor Spirit (PMS) anywhere in the country.
“We repeat, the President affirms that there will be no increase in the pump price of PMS.
“The President is determined to maintain competitive tension within all sub-sectors of the petroleum industry.
“He is determined to ensure that there will not be any single entity dominating the market. The market has been deregulated.
“It has been liberalised and we are moving forward in that direction without looking back.
“The President also wishes to affirm that there are presently inefficiencies within the midstream and downstream petroleum sub-sectors.
“Once very swiftly addressed and cleaned up, we can maintain prices where they are without having to resort to a reversal of this administration’s deregulation policy in the petroleum industry.”
According to Ngelale, the consumption rate dropped from 67 million litres per day to 46 million with subsidy removal.
He said petrol pump price is the cheapest in Nigeria compared to other West African countries.
“I wish at this juncture to also provide a set of graphics, which the President has authorised me to share with Nigerians, that otherwise would be confidential. These are graphics supplied to Mr. President by the NNPCL.
“In the graphics, what you will find is the present cost of refined premium motor spirit at the pump in each of the West African nations near us.”
He said the pump price in Senegal is N1,273 per liter; Guinea, N1,075; Cote d’Ivoire, N1,048; Mali, N1,113; Central African Republic and N1,414 per litre.
“Nigeria is presently averaging between N568 and N630 per litre. We are presently the cheapest, most affordable purchasing state in the West African sub-region by some distance. No country is below N700 per litre.
“We have seen the PMS consumption in the country drop from 67 million litres per day consumption down to 46 million litres per day consumption. The impact is evident. What it also does mean though, is that we are not at the end of the tunnel.
“There’s still a bit of darkness to travel through to get toward the light and we are pleading with Nigerians to please be patient with us and as we promised from the beginning, we will be open with Nigerians.
“We will be transparent with them and we are ready to show you exactly what it is that our nation is facing concerning the illiquidity in the market in terms of foreign exchange as a result of what is now known to have been a gross mismanagement of the Central Bank of Nigeria (CBN) over several years,” Ngelale said.
News
Turaki-led PDP wins as Court of Appeal affirms Wole Oluyede as duly nominated candidate for Ekiti
Dr. Wole Oluyede has been affirmed as the duly nominated candidate of the Peoples Democratic Party, PDP, for the Ekiti State governorship election.
The Court of Appeal, Akure Division, made the affirmation in a landmark judgment, thereby giving validity of the Peoples Democratic Party (PDP) primary election for the same.
In a unanimous decision, the three-man appellate panel led by Hon. Justice Peter Chudi Obiorah, alongside Hon. Justice Jane Esienanwan Inyang and Hon. Justice Peter O. Affen, set aside the earlier judgment of the Federal High Court, Ado-Ekiti.
The justices held that the primary election conducted by the Kabiru Tanimu Turaki-led National Working Committee (NWC) was valid, transparent, and complied with the party’s constitution and the Electoral Act.
On the 13th of January, 2026, the Federal High Court, Ado-Ekiti nullified the Ekiti State Governorship primary election conducted on the 8th and 9th November, 2025.
Dissatisfied with the judgment, the Party appealed to the Court of Appeal and today, the Court of Appeal allowed the appeal and set aside the judgment of the Federal High Court..
The Court further held that the primary election was duly conducted.
This judgment effectively puts to rest the leadership and candidacy disputes that have shadowed the party’s preparations for the 2026 Ekiti State Governorship Election. By upholding the Turaki-led process, the Court has provided the necessary legal finality to ensure the PDP enters the general election as a unified front.
News
India slaps Nigeria, rejects Tinubu’s ambassador-designate
India and some other countries have reportedly declined to accept some of President Bola Tinubu’s recently posted ambassadors-designate due to diplomatic policies that discourage receiving envoys from administrations with less than two years remaining in office.
According to reports in the media, India, where career diplomat Ambassador Muhammad Dahiru has been designated to serve, maintains a standing policy against accepting ambassadors from governments with tenures of less than two years remaining.
India is exercising its discretionary powers to turn down the Ministry of Foreign Affairs’ request to accept Dahiru’s posting.
According to sources quoted by the report, the Federal Government was already receiving signals from New Delhi and possibly other capitals about their reluctance to grant agrément.
Agrément is the formal approval given by a receiving country to accept a diplomat designated by the sending country, and it is a prerequisite before an ambassador can assume duty.
“They don’t accept an ambassador from an administration that has less than two years in office. So they are giving us that body language already,” a Presidency official was quoted to have said
The source continued, “Some countries are reluctant to accept some people, not because of the individuals but because of time. They are already seeing the Tinubu government as an outgoing government.
“So their concern is that he has just one year left, so what if he doesn’t win the election? Another government may come and remove them. We also understand that some countries have this policy. Any ambassador from an administration that has less than a year or two in office will not get accepted. And one of such countries is India.”
News
Belonging to two political parties to attract imprisonment
The House of Representatives on Wednesday amended Section 77 of the recently assented Electoral Act 2026 to prescribe two-year jail term or N10 million fines or both, for anyone who knowingly maintains membership of two political parties at the same time.
Lawmakers during the committee of the whole presided by Deputy Speaker Benjamin Okezie Kalu, made amendment to section 77 of the 2026 Act by inserting three new clauses 8, 9 and 10 which were considered and approved by lawmakers after a heated session of back and forth debates.
According to the new clauses approved by lawmakers, any party member found to be registered as member of more than one political party at the same time will have his or membership of the said parties voided.
Clause (8) of the approved amendment stipulates that “A person shall not be registered as a member of more than one political party at the same time.”
Clause (9) stipulates that “Where it is established that a person is registered as a member of more than one political at the same time, such dual membership shall be void, and the person shall cease to be recognised as a valid member of any political party pending regularisation in accordance with the provisions of this Act and the constitution of the political party concerned.
Clause (10) stipulates that “A person who knowingly registers or maintains membership in more than one political party at the same time commits an offence is liable on conviction to a fine of N10,000,000 or to imprisonment for a term of two years, or both.”
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