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Fuel price: Again, FG rejects govs’ N380/litre proposal

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Barely three months after the Federal Government turned down the recommendation by the Nigeria Governors’ Forum for an increase in the price of Premium Motor Spirit, popularly called petrol, the Federal Government again on Friday reiterated its stance, insisting that no decision on the adjustment of petrol price would be reached until the ongoing negotiations with the organised labour were concluded.

The Federal Government had first, on May 21, rejected the governors’ recommendation of shooting petrol price up to between N380 and N408.5 per litre and removing fuel subsidy.

The governors’ advice was based on the report of its committee chaired by the Kaduna State Governor, Mallam Nasir El-Rufai, seeking the full deregulation of the oil sector.

El-Rufai, while presenting the report of his committee to the NGF, explained that the current subsidy regime was unsustainable because smugglers and illegal markets in neighbouring African countries were the beneficiaries.

But the Minister of State for Petroleum Resources, Chief Timipre Sylva, in a statement, said the current petrol price of between N162 and N165 per litre would stay.

Sylva said the current price would be retained until the ongoing negotiations with the organised labour were concluded.

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He said, “Once again, it has become necessary to assure Nigerians that despite the huge burden of under-recovery, the Federal Government is not in a hurry to increase the price of Premium Motor Spirit (petrol) to reflect current market realities.

“The current price of petrol will be retained in the month of June until the ongoing engagement with organised labour is concluded.

“This clarification becomes necessary in the light of recent reports regarding the resolution of the Nigeria Governors’ Forum to increase the pump price of petrol.”

Sylva also asked oil marketers not to engage in any activity that could jeopardise the “seamless” supply and distribution system of the commodity.

Despite the Federal Government’s initial stance, oil marketers under the aegis of Petroleum Products Retail Outlets Owners Association of Nigeria, on Friday, demanded an immediate end to fuel subsidy in line with the state governors’ recommendation of May.

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The President of PETROAN, Dr Billy Gillis-Harry, insisted that oil marketers’ position that fuel subsidy should be stopped remained.

“When it (fuel subsidy) is stopped, the prices of petroleum products will be determined by market forces and this will create competition and lead to an increase in product availability,” he argued.

Gillis-Harry asked the Federal Government to listen to the governors’ call, especially now that the country was grappling with funding challenges.

However, the Federal Government reiterated its stance of May, stating that no decision on the adjustment of petrol price would be reached until the ongoing negotiations with the organised labour were concluded.

The Special Assistant on Media to the Minister of State for Petroleum Resources, Garba-Deen Muhammad, stated that he would re-echo the position of his boss, Sylva, who had earlier stated the position of the Federal Government on the matter.

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Muhammad said people were free to make analyses and recommendations but stressed that the government’s position on petrol price had not changed.

He said, “The truth is that the key component for us to make the decision is basically for us to have a consensus with labour. So regardless of what the governors or anybody else is saying, labour is the key partner in this project.

“The negotiations with labour officials are ongoing. A decision will not be reached until the negotiations are over. So anybody can say what they want.”

He added, “The fact is that the labour represents the Nigerian people and the government is working with the Nigerian people. So it is a cardinal objective that the labour is carried along.”

Asked when the negotiations would possibly be concluded, Muhammad stated that the deadline was not completely dependent on the Federal Government.

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“People can make their analyses and arrive at whatever proposals, but at the end of the day, a consensus has to be reached and in that consensus, the labour is a major voice and key partner,” he said.

Sylva had also during a recent briefing stated that the government would not discontinue petrol subsidy until its negotiations with the labour were over.

Although Sylva admitted that the burden of petrol subsidy was humongous, he insisted that negotiations with labour were a cardinal factor, stressing that the parties in the talks would soon resolve the concerns.

He said, “Of course, everybody would have their perspective, but from where I sit, I believe that subsidy removal is the best thing for Nigeria, not just for the industry. Discussions with the stakeholders are still ongoing.

“I’ll also bring to your attention that when the President assents to the Petroleum Industry Bill, subsidy issues will become a matter of law because it is already in the PIB that petroleum products will be sold at market-determined prices.”

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The Petroleum Industry Bill was passed by the 9th National Assembly on July 1 after over a decade of legislative rigmarole.

The PIB contains five chapters, including governance and institutions, administration, host communities development, petroleum industry fiscal framework and miscellaneous provisions in 319 clauses and 8 schedules.

The National Assembly had in 2018 passed a harmonised version of the bill, but the President, Major General Muhammadu Buhari (retd), refused assent to it due to “legal and constitutional reasons.”

As of March 2021, fuel subsidy was costing the government up to N120bn per month based on the average daily consumption of around 60 million litres of petrol, according to the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari.

Also, according to an analysis by Reuters in April, subsidy cost around N10tn between 2006-2018 – more than the budget of any of the health, education or defence sector.

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When contacted on Friday, the Spokesperson for the NGF, Abdulrazaque Bello-Barkindo, said, “I cannot comment on any issue that has not been collectively discussed and agreed upon by governors.”

Meanwhile, oil marketers including the Independent Petroleum Marketers Association of Nigeria on Friday backed the governors by calling for the complete removal of fuel subsidy.

The oil marketers stated that the rise in the landing cost of petrol had further highlighted the need to put a stop to petrol subsidy.

On Monday, The PUNCH reported that the landing cost of petrol imported into Nigeria had increased to a new high of N249.42 per litre on the back of high global crude oil prices.

The further rise in the landing cost of petrol means increased subsidy as the pump price of the product remains between N162 and N165 per litre.

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Speaking with Saturday PUNCH, the National Public Relations Officer of IPMAN, Chief Chinedu Ukadike, insisted that petrol price should be determined by market forces.

He said, “In a deregulated sector where subsidy is completely removed, the forces of demand and supply drive the market. There are no institutions that determine the prices of petroleum products in such a deregulated sector or fix the price of the products.

“It is important that the forces of demand and supply should drive the prices of petroleum products in the country, whereby you can be able to buy products from your local refinery and go to your local filling station and sell it.”

Ukadike, however, said the subsidy should be removed in a way that it would not inflict hardship on the consumers.

“IPMAN supports the removal of subsidy, but this should be based on the provisions of the PIB so that marketers and consumers will not suffer hardship,” he said.

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“Also, in doing this, we should ensure indigenous production of refined products,” Ukadike added.

The Group Managing Director, Rainoil Limited, Dr Gabriel Ogbechie, had also recently said the country might end up spending N2tn on petrol subsidy this year.

Ogbechie, who spoke at the Nigeria History Series of the Centre for Values in Leadership, lamented the lack of deregulation in the downstream sector.

He said, “The biggest elephant in the room today as far as the downstream is concerned is the failure, so to speak, of the government to deregulate the downstream. Fixing the prices at which petroleum products are sold, I believe, is very seriously harmful to this economy.

“Petrol is being sold for between N162 and N165 per litre. I believe that petrol is being subsidised with at least N100 per litre. If you look at the national consumption of anything between 60 and 80 million litres per day, we are spending about N8bn every day just to subsidise one product.”

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Petrol subsidy, which was removed in March 2020, resurfaced earlier this year as the government has left the pump price of the product unchanged since last December despite the increase in global oil prices.

Just as the oil marketers, the state-owned oil company, NNPC, had repeatedly kicked against the continuation of subsidy, but stated that it was awaiting the outcome of negotiations between the government and labour.

FG must divest from refineries after rehabilitation, PENGASSAN insists
Meanwhile, the Petroleum and Natural Gas Senior Staff Association of Nigeria has said it will not support the sale of the nation’s refineries.

But the union added that it would insist that the Federal Government divested its interests and allows the private sector to run them after their rehabilitation.

Speaking at a security awareness programme organised by the union in Abuja on Friday, the PENGASSAN National President, Festus Osifo, stated that his association would carry out advocacy for private sector management of the refineries.

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He stated that the government could also adopt the public-private model adopted for the Nigeria Liquified Natural Gas Ltd, in which the Federal Government holds minority 49 per cent shares against the 51 per cent by the private sector.

Osifo said, “PENGASSAN has never advocated that refineries be sold. What we have always advocated is that there should be a public-private partnership in such a way that the government will not be involved in the day-to-day running of the refineries.

“Why is the Federal Government not exploring the possibility of adopting the LNG model where the government holds minority 49 per cent while the private sector will take 51 per cent? That model has worked very well.”

Speaking on the ongoing rehabilitation of the refineries, he stated, “PENGASSAN welcomes the rehabilitation of the refineries. Our advocacy, once the rehabilitation work is complete, will be to call on the government to divest from the refineries and allow the private sector to run all of them.

“If we were to sell the refineries the way they are, they will be sold as scraps. If the government fixes the refineries and then divests, the money that government will get will be reasonable.”

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He disclosed that while PENGASSAN had never opposed deregulation, it would not support a deregulation policy hinged on importation.

“That is why our position to support the rehabilitation of the refineries is justified. Nigeria will be ripe for full deregulation when the three refineries in the country are fully rehabilitated and are functioning under the efficient private sector.

“With the refineries coming on stream in the next few months and with the Dangote refinery coming on board as well, Nigeria will soon be self-sufficient in refined petroleum products,” Osifo said.

Osifo, a staff member of Total Nigeria Plc, argued that the Petroleum Industry Bill could be amended to reflect the five per cent demanded by the oil-producing communities.

He added, “For us in PENGASSAN, three per cent of operating expenditure is a good place to start. Let the bill be signed to end the uncertainty that shrouded the petroleum industry. The host communities can then seek an amendment.

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“In my rough estimation gotten from the expenditure of the oil companies in the last one year, three per cent translates to about $45m (N18.5bn). The most important thing is how the fund will be administered.”

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Governor’s Convoy Kills Five in Auto Crash

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Five persons, including four male students and a young woman, have reportedly lost their lives in a fatal road accident involving a vehicle in the convoy of Niger State Governor, Mohammed Umaru Bago, in Minna, the state capital.

The tragic incident occurred on Monday at Gidan Mangoro community along the Minna–Bida Road when a Hilux van attached to the governor’s convoy reportedly collided head-on with a private Peugeot 206 car.
The female victim, identified as Mrs Nafisa, was reportedly driving the Peugeot when the accident occurred. She was said to be a Programme Manager at Labspace, an NGO, and founder of Wosh Mart Service Ltd.
According to Vanguard, an eyewitness and resident of Gidan Mangoro, Abdullahi Musa, said the accident happened at approximately 11:35 a.m. while the governor and his entourage were returning from Bida.
Bago had reportedly visited the Etsu Nupe and Chairman of the Niger State Council of Traditional Rulers, Alhaji Yahaya Abubakar, to commiserate with him over the death of Sagi Nupe, Hajia Aisha.
Musa alleged that the accident resulted from wrongful overtaking by the Hilux driver, claiming that the government vehicle veered into the lane of the oncoming Peugeot.
“The accident was caused by wrongful overtaking by the Hilux in the governor’s convoy. The other car was in its lane when the Hilux rammed into it,” he said.
The four male occupants of the Peugeot were suspected to be postgraduate students of the Federal University of Technology, Minna.
A staff member of Minna General Hospital, where the victims were evacuated, disclosed that three persons died at the scene, while two others later succumbed to their injuries.
Some of the injured victims were subsequently transferred to the Ibrahim Badamasi Babangida Specialist Hospital for further medical attention.
A former local government chairman in Niger State, who was reportedly travelling in the Hilux, also sustained fractures to his legs but was said to be alive as of the time of the report.
Confirming the incident, the Niger State Sector Commander of the Federal Road Safety Corps (FRSC), Aishat Sa’adu, said personnel of the agency arrived at the accident scene after the victims had already been evacuated.
Similarly, the Police Public Relations Officer of the Niger State Command, SP Wasiu Abiodun, confirmed the crash, stating that investigations had commenced to establish the circumstances surrounding the tragedy.
“The accident occurred this morning and we are investigating it,” Abiodun said.
The police, however, did not immediately release the identities of the deceased or officially confirm the casualty figure.
Clarify the confirmed casualty figure
Remove repeated accident attribution
Use more cautious identification language

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Mainpower Announces Planned Power Outage, Explains Drop in Supply

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By Chinedu Sabastine

Mainpower Electricity Distribution Limited (MEDL) has announced a planned power outage in Nsukka and surrounding communities from November 5 to 10, 2026, to enable the Transmission Company of Nigeria (TCN) to carry out maintenance work on equipment at its Nsukka station.

The outage, scheduled to run daily from 9 a.m. to 5 p.m., will affect electricity supply to customers served by the University of Nigeria, Nsukka (UNN), SUMAS and Orba 33kV feeders.

The announcement comes amid a current reduction in electricity supply across Enugu State, which MEDL has attributed to a drop in energy generation and low system frequency, forcing TCN to implement load shedding.

In a public notice issued on Monday, MEDL’s Head of Communications, Emeka Ezeh, said the planned maintenance was necessary to improve electricity supply in the affected areas.

“The planned outage is to enable the TCN technical team to carry out maintenance work on some equipment at the station,” Ezeh said.

He added that the exercise was aimed at improving the reliability and quality of electricity supply to customers.

The communities expected to experience interruptions include Ukopi, Opi Agu, Eha-Alumona, Orba Town, Obollo-Afor, parts of Obollo-Eke, Enugu Ezike, Ibagwa, Nkalagu Obukpa, Okpaligbo, Iheaka, Edem Ani, Agbani, Uzo-Uwani, Obimo, Nkpologu, Lejja, Nguru, Aku and Ogbede.

Other affected locations are Odim Gate, Nkpor, UNN, Nru, Ede Oballa, El Tabera Estate, Ikenga Estate, Wilson Company, Umakashi, Isiakpu, G.R.A. and Ogige Main Market, alongside surrounding communities.

MEDL apologised to customers over the anticipated inconvenience and appealed for their patience and understanding during the maintenance period.

“The exercise is necessary to facilitate essential technical work aimed at improving the reliability and quality of electricity supply to customers,” the company said.

Why electricity supply has dropped

In a separate public notice issued on Monday, the company explained that the current reduction in electricity supply across Enugu State resulted from a decline in energy generation, which had affected the stability of the power system.

MEDL said the situation had resulted in low system frequency, prompting TCN to ration available electricity through load shedding.

“The current reduction in power supply availability is due to a drop in energy generation, which has resulted in low system frequency,” the company stated.

It added that the situation had necessitated TCN’s decision to implement load shedding of the available energy.

“Consequently, the energy allocation to MEDL has been affected, limiting its ability to meet the daily service-level commitments,” the statement said.

The company, however, assured customers that it was monitoring the situation and distributing the available electricity allocation across its network.

“MEDL wishes to assure its customers that it is closely monitoring the situation and will continue to distribute the available energy allocation fairly across its network,” Ezeh said.

The company expressed optimism that normal electricity supply would soon be restored, while regretting the inconvenience caused by the reduction in supply.

It also thanked customers for their patience, understanding and continued cooperation.

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Mbah Moves to End Excessive Agency, Legal Fees, Arbitrary Rent Increases in Enugu

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Enugu State Governor, Dr. Peter Mbah, has taken steps to address the rising cost of renting accommodation in the state by forwarding an executive bill to the State House of Assembly seeking to regulate agency and legal fees charged by property agents and lawyers.

The proposed legislation seeks to amend the Landlord and Tenant Law, Cap. 101, Revised Laws of Enugu State, 2004, with a view to protecting tenants from excessive charges while ensuring fairness and transparency in the property market.

Speaker of the Enugu State House of Assembly, Rt. Hon. Uche Ugwu, disclosed this in a statement posted on his Facebook page on Monday, October 26, 2026.

Ugwu explained that the executive bill would complement an earlier legislative proposal sponsored by the member representing Nkanu East State Constituency, Hon. Anthony Okey Mbah, which had already passed first and second readings and undergone a public hearing.

According to the Speaker, the proposed amendment would introduce measures to regulate estate agents, place limits on agency and legal fees, and establish clear procedures for the collection and refund of caution fees.

The legislation also seeks to check arbitrary rent increases and minimise disagreements between landlords and tenants over property damage through joint inventories and professional valuations where necessary.

Ugwu noted that the Assembly would harmonise the proposals to produce comprehensive legislation that addresses longstanding concerns in the state’s housing sector.

“When we are done with dotting the i’s and crossing the t’s, we shall have a document that shall make tenancy-related charges more transparent and predictable, control and limit agency and legal fees, establish a formal regulatory framework for agents,” he stated.

He added that the proposed law would provide a structured mechanism for handling caution fees and refunds while creating an enabling environment for investors in the housing sector.

The development comes amid growing concerns among residents over the financial burden associated with securing rented accommodation, particularly agency commissions, legal charges and other tenancy-related payments.

The Speaker maintained that the initiative was consistent with Governor Mbah’s broader development agenda of positioning Enugu as an attractive destination for investment, business, tourism and residential living.

“According to the Governor’s vision, indeed we can make Enugu the preferred destination for business, investment, tourism and living,” Ugwu added.

The proposed amendment, when passed into law, is expected to provide a clearer legal framework governing the relationship between landlords, tenants and property agents across the state.

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Modern Onitsha Main Market With Over 6,000 Shops Ready for Christmas

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By Okey Maduforo, Awka

The ongoing modernisation of the Onitsha Main Market in Anambra State is expected to be completed ahead of the Christmas festivities, with over 6,000 shops and modern facilities designed to boost commercial activities in the historic market.

The project, which commenced two months ago, has reached 90 per cent completion and is being executed on a 24,000-square-metre expanse of land, with an Independent Power Plant (IPP) designed to provide uninterrupted electricity to the market and its environs.

Other facilities include five additional boreholes to complement the existing one, a health centre, modern toilet facilities, a motor park, solar-powered streetlights, CCTV surveillance cameras and four access roads.

The market will also feature three major entrance gates, eight minor gates and a dedicated firefighting station to enhance security and emergency response.

Speaking during an inspection of the project, the Commissioner for Housing, Arc. Henry Arinze, said the initiative was designed to provide a conducive business environment for traders and their customers.

“The project is aimed at providing ease of doing business for both traders and their customers, and with over 6,000 shops in the market, we are good to go,” he said.

Arinze explained that the project forms part of Governor Charles Soludo’s urban regeneration programme, adding that the provision of an Independent Power Plant would enable traders to extend commercial activities from the current closing time of 5 p.m. to 10 p.m.

“We did not demolish the market shops. What we are carrying out is part of the urban regeneration programme of the state government. With the new facilities, the market will remain open until 10 p.m. as against the present 5 p.m. closing time,” he stated.

He further disclosed that construction activities were deliberately restricted to nighttime and Sundays to minimise disruptions to trading.

“We would have gone farther than this, but we work only at night and on Sundays so that traders can continue their businesses while construction is ongoing,” he explained.

Also speaking, the Special Adviser to Governor Soludo on Projects Monitoring, Prof. Ebuka Nwankwo, recalled that the market had not witnessed any major government-led modernisation since its post-civil-war reconstruction in 1971 under the administration of the then Sole Administrator of East Central State, the late Ukpabi Asika, with assistance from the Federal Government.

According to him, the market has experienced four major fire incidents since its reconstruction, with affected traders largely undertaking the rebuilding of their shops themselves.

“Since 1971, when the market was reconstructed after the war, there have been four fire incidents, with traders carrying out the reconstruction of their affected shops. The state government is not only desirous but deliberate about restoring the past glory of the market,” Nwankwo said.

The Head of Civil and Structural Engineering, Prof. Henry Aginam, commended the Anambra State Government for embarking on the project, describing it as a bold intervention in the redevelopment of the commercial hub.

He expressed satisfaction with the quality of construction materials and the calibre of professionals engaged in executing the project.

Similarly, the representative of the Council for the Regulation of Engineering in Nigeria (COREN), Engr. Prof. Akaolisa Ezeadi, gave the project a positive assessment, noting that the construction work complied with professional standards and engineering best practices.

Ezeadi said the regulatory body was satisfied with the quality of work so far and would continue its monitoring visits until the project was completed.

In his remarks, the Commissioner for Commerce and Industry, Mr. Nonso Ebonwu, described the market modernisation as a major step towards reviving the commercial fortunes of Onitsha and attracting increased patronage from within and outside Nigeria.

He disclosed that a similar redevelopment initiative was also being undertaken at the Nkwo Nnewi Auto Parts Market.

The Chairman of the Onitsha Main Market Traders Association, Chief Chijioke Okpalaugo, expressed satisfaction with the transformation of the market, noting that patronage had continued to increase despite the ongoing construction.

He reaffirmed the traders’ support for the Soludo administration and expressed optimism that the completed project would further strengthen Onitsha Main Market’s position as one of the leading commercial centres in West Africa.

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Online Media Professionals Association Emerges in South-East

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ENUGU, October 25, 2026 — A new association, Online Media Professionals (OMP), has been established to unite online media practitioners, protect their interests and promote professionalism in Nigeria’s media industry.

The association, according to a communiqué issued in Enugu on Sunday, aims to provide a common platform for practitioners to collaborate, share ideas and address challenges affecting their work and welfare.

OMP said the growing influence of online publications in informing the public, shaping public discourse and holding public officeholders accountable had made it necessary for practitioners to organise under a recognised professional body.

The association will bring together individuals who own or work with online media platforms, providing opportunities for cooperation, professional development and engagement with relevant institutions and stakeholders.

It also plans to establish working relationships with government officials, security agencies, educational institutions, corporate organisations and other bodies whose activities affect the media industry and society.

According to the communiqué, OMP is beginning its activities in the South-East, with plans to expand into a national organisation representing online media professionals across Nigeria.

The association said its long-term objectives included building a credible professional body capable of giving practitioners a collective voice, promoting responsible journalism and providing a platform for addressing issues affecting members.

It added that the growth of online media must be accompanied by professionalism, accountability and respect for the responsibilities associated with informing the public.

OMP also pledged to encourage cooperation among practitioners and promote standards capable of strengthening public confidence in online publications.

The association noted that achieving its objectives would require the commitment of members, a clear sense of purpose and programmes designed to address their needs.

It therefore called on online media practitioners across the South-East and other parts of the country to identify with the initiative and contribute to building a strong professional association.

Membership, according to the communiqué, is open to professionals who own or work with online media publication platforms and are willing to support the association’s objectives.

The communiqué was signed by Jude Chinedu and Chukwumerije Aja on behalf of the Communiqué Drafting Committee of Online Media Professionals.

The emergence of OMP marks an effort to strengthen the professional identity of online media practitioners and create opportunities for collaboration and growth within Nigeria’s evolving media landscape.

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