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We won’t fix petrol prices again – NMDPRA

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Faruk Ahmad

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS).

Authority Chief Executive (ACE), Mr Farouk Ahmed, who said this at a news conference in Abuja on Friday, said that market forces would henceforth dictate prices under the liberalised market.

“As far as we are concerned in the NMDPRA, this is not like before when the PPPRA fixes the price; in a deregulated market, it is the market force that dictates the price,” he said.

The News Agency of Nigeria (NAN) reports that the development was sequel to the removal of subsidy on PMS known as petrol.

President Bola Tinubu had in his inaugural speech on Monday said fuel subsidy regime had ended with the commencement of his administration.

Nigeria’s Dangote Refinery Will Transform our Downstream Sector, Says Ghana Petroleum Authority

Ahmed, however, said the market was now open for everybody that would import as far as they met all the requirements.

“So, it is not about the Nigerian National Petroleum Company Limited (NNPC Ltd) alone.

“We put the regulation in place, we make sure quality control is complied with, we make sure the product is there and we give licence to prospective importer.

“We make sure we guide the operations of everyone in the sector whether at the depot or wherever the product is but we will not put a cap to say this is what the price must be,” he said.

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According to Ahmed, the role of the NNPC is to fix prices of the petrol it imported and not take over the responsibilities of the Authority.

“In the case of the NNPC, the organisation is the sole importer at this point. We told the NNPC to recover its costs because they know how much it cost them to import the product and sell it.

“Of course, we also know how much shipping, offshore, ex-depot and ex-pump are. But we cannot tell them to sell at a price because the market is deregulated,” he added.

The NMDPRA boss also disclosed that the Federal Government has officially scrapped petroleum equalisation as well as the national transport allowance.

He said the NMDPRA, the federal government and Consumer Protection Commission (FCCPC) would mount aggressive monitoring of activities in the downstream sector to prevent profiteering by petroleum marketers.

Ahmed further disclosed that marketers are now free to source their foreign exchange anywhere around the world to import petroleum products and recover their costs without impediments.

On where the importers will source their forex from, Ahmed said the CBN would not give dollar to anyone because of open market, adding that anyone willing to import should get the dollars from anywhere to import.

According to him, anyone willing to open a letter of credit from any part of the world can do that to import.

“That marketers can source their forex from anywhere is the beauty of the liberalised market that the NMDPRA has introduced based on the provision of the law”.

Ahmed said that the market would henceforth be modulated to allow the fluidity of prices, adding that though no template spelt out the pricing components of petrol price.

He said that, “based on this, the price would no longer be static rather depend on the international price of the gasoline market.

“This did not imply that marketers could sell at any price”.

According to him, the NMDPRA and FCCPC will collaborate to curb excesses if certain prices were way above the expected profit margin.

“The market structure will dictate the price swings at every point in time,” he said.

Ahmed cautioned against optimism for cheap petroleum products, saying products may not be cheaper because the company would be buying crude oil at the international price.

“Dangote Refinery is a game changer in terms of accessibility. By the time the NNPC refineries and other modular refineries across the country come on stream, Nigeria will be a net exporter of petroleum products,” he said. (NAN

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Dangote Cement Gboko Commits Millions in Scholarship Scheme

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Dangote Cement Plc, Gboko Plant has awarded multi-million-naira scholarships to tertiary and secondary school students from its six host communities in Benue State.

The company also presented starter packs, working tools and certificates to graduates of its Youth Empowerment Programme to enable them to establish their own businesses, apply the skills acquired during the training and become financially reliant.

The Minister of Solid Minerals Development, Dr. Henry Dele Alake, lauded Dangote Cement Plc for its community development interventions, calling on other private sector players to adopt similar initiatives to promote socio-economic development in their host communities.

Dr. Alake, who was represented by the Federal Mines Officer of the Federal Ministry of Solid Minerals Development in Benue State, Engr. Achi Gregory, urged the company to sustain its commitment to implementing community development programmes agreed upon with its host communities.

Speaking at the official presentation ceremony, Group Head, Social Performance, Dangote Cement Plc, Mr. Wakeel Olayiwola, said the implementation of the Community Development Agreement underscores Dangote Cement’s commitment to equipping young people with practical skills and resources to promote entrepreneurship, create employment opportunities and improve livelihoods in its host communities.

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Mr. Olayiwola, who was represented by the Head of Social Performance of the Dangote Cement, Gboko Plant, Dr. Johnson Kor, said the scholarship and youth empowerment programmes came against the backdrop of several other programmes recently executed by the company, which include farmers and women empowerment programmes.

The Acting Plant Director, Dangote Cement, Gboko, Engr. Arbind Singh, said: “This annual scholarship scheme for indigent students of the host communities is an indication of our company’s commitment to its Corporate Social Responsibilities (CSR).”

Engr Singh, who was represented by the company’s General Manager, Production, Engr Tabershima Soom, said: “The Gboko Plant has already launched 150 Women Empowerment Programme and 50 Farmerss Empowerment Programme where women were provided with cash to support their businesses, and farmers were supported with farm inputs.”

The beneficiary communities for these programs are: Tse-Kucha, Quarry, Amua, Mbazembe, Mbatur, and Pass Brothers.

Speaking on behalf of the Benue State Attorney-General, the Chairman of the Mineral Resources and Environmental Management Committee (MIREMCO), Barr. Dooshima Orosaga, commended Dangote Cement Plc for its compliance with the Community Development Agreement (CDA), urging the beneficiaries and host communities to maximise the benefits of the company’s interventions.

Chairman of the Gboko Local Government, Hon Yina Elias said the government will continue to provide the support needed for the company to succeed, adding that the Dangote Cement Plc is an exemplary company in Corporate Social Responsibilities programmes.

In his remarks, the District Head of Ukpekpe, Chief Tsegba Igbarumun, commended Dangote Cement Plc’s Gboko Plant for its contributions to the community, assuring the company of the community’s continued support.

He said the community valued its mutually beneficial relationship with the company and would continue to serve as its ambassadors.

A beneficiary of the Youth Empowerment Programme, Mr Ignatius Aondohemba, expressed appreciation to Dangote Cement Plc for the support, pledging to put the skills and resources provided to good use and build a business that would enable him to become an employer of labour.

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Mass Exodus Looms in Kano APC as More Chieftains Consider Exit — Mansur Ahmed

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A former governorship aspirant of the Peoples Democratic Party (PDP), Engr. Mansur Ahmed, has predicted a possible mass exodus of prominent politicians and party stakeholders from the All Progressives Congress (APC) in Kano State amid persistent internal disagreements.

Ahmed made the prediction while addressing journalists following his resignation from the APC, according to a statement signed by Usman Bello on his behalf.

The former APC member described the recent resignation of party chieftain Alhaji Aminu Dabo as an indication of a deeper crisis within the party, suggesting that more prominent members could leave in the coming days.

Ahmed alleged that the Kano APC was experiencing persistent internal disputes that had continued to undermine unity among its members, with little indication that the disagreements would be resolved soon.

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He further disclosed that several political leaders and stakeholders across Kano State were holding consultations over their future in the party and were considering formally resigning.

According to Ahmed, the consultations involved prominent political figures and their allies who were weighing their options before deciding on their next political destination.

Reflecting on his political career, Ahmed described himself as a former PDP governorship aspirant who also served as Deputy Coordinator of the 2015 presidential campaign in Kano.

He said he and his associates were currently consulting with political allies to determine the next direction of their political engagement following his departure from the APC.

The statement did not identify the other party leaders allegedly preparing to resign or disclose when they might announce their decisions.

It also did not indicate whether Ahmed and the politicians consulting with him had reached any agreement to join another political party.

Ahmed’s prediction comes amid continuing political realignments in Kano State as political actors assess their options ahead of the 2027 general elections.

 

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Kano Donates Equipment to NDLEA

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The Kano State Government has donated working tools to the National Drug Law Enforcement Agency (NDLEA), Kano Strategic Command, to strengthen the fight against drug abuse and illicit trafficking.

The items were presented on Thursday, October 22, 2026, by the Chairman of the Kano State Multi-Agency Task Force on Drug Abuse and Illicit Trafficking, Barrister Muhuyi Magaji Rimin Gado, on behalf of Governor Abba Kabir Yusuf.

Speaking at the presentation, Magaji said the donation reflected the government’s determination to tackle drug-related offences, which he identified as a major contributor to social vices in society.

He lamented that substance abuse had reached a frightening dimension, requiring concerted action by the government, security agencies and other stakeholders.
According to him, Governor Yusuf’s administration is committed to providing the necessary support to agencies responsible for combating drug abuse and illicit trafficking, using all available means to address the growing challenge.

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Magaji stressed that effective coordination among relevant institutions was essential to curbing the menace and protecting the future of young people in the state.

Receiving the items, CN Dahiru Yahaya Lawan, Kano Strategic Commander of the NDLEA, expressed gratitude to the governor and the state government, describing the intervention as timely.

He said the equipment would enhance the command’s operational capacity and strengthen its efforts to combat drug abuse and illicit trafficking.

Lawan assured the government that the items would be judiciously utilised to achieve their intended purpose.
He emphasised that the fight against drugs was a collective responsibility, calling on residents, community leaders and other stakeholders to support law enforcement agencies in tackling the problem.

The donation underscores the state government’s drive to strengthen inter-agency collaboration and provide operational support for the fight against drug-related offences, with the ultimate goal of creating a safer, drug-free society.

 

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