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President Tinubu Contemplates ‘Temporary Subsidy’ on Petrol Amid Economic Struggles”

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President Bola Ahmad Tinubu

President Bola Tinubu is considering a “temporary subsidy” on petrol as crude oil prices and foreign exchange rates continue to soar, TheCable understands.

There is yet no final decision, presidency sources told The Cable, but the proposal is “firmly on the table” as Nigerians continue to groan under harsh economic realities following the removal of petrol subsidy in May 2023.

Already, labour unions have threatened to embark on an indefinite strike if the petrol price further surges.

The Kenyan government, on Monday, re-introduced fuel subsidies to curb soaring prices of petrol, kerosene, and diesel in the country.

The move came after months of violent anti-government protests over the burden of high cost of living.

According to a presidency official, the “realistic” amount of petrol consumed in the country is now known following the removal of subsidy on Tinubu’s inauguration, hence the amount spent on subsidy “can now be controlled”.

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On Monday, the Nigerian National Petroleum Company (NNPC) Limited said there are no plans to hike pump prices despite the rise in crude oil prices, landing cost, and fall in the value of the naira.

This is understood to be an option for Tinubu to keep the current prices, although private importers have not made a definite pronouncement on any possible adjustments.

But speculations around another increase in the pump price of petrol (currently at over N600) have caused tensions across the country, leading to panic buying in the early hours of Tuesday.

Since Tinubu announced the removal of the petrol subsidy, Nigerians have had no respite from price hikes.

Foreign exchange challenges, coupled with the unrestrained slump of the naira — Nigeria’s local currency — have led to a sustained upward trend, in the prices of goods and services.

On Monday, TheCable reported that the Central Bank of Nigeria (CBN) plans to implement new measures to stabilise the naira against the dollar.

Weeks after Tinubu was inaugurated as Nigeria’s elected president, his administration — already fraught with legitimacy issues — quickly introduced several policies in a bid to revive the economy.

But with the current economic realities, it appears that these policies are not yet yielding the expected results.

The Cable

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APC Extends Membership Registration, Reschedules Congresses and Convention

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By Yusuf Danjuma Yunusa

The ruling All Progressives Congress (APC) has announced a revised timetable for its internal activities, extending its electronic membership registration and rescheduling upcoming congresses and its national convention.

The decisions were reached during the 183rd meeting of the party’s National Working Committee (NWC) held on Friday, January 30, 2026, at the APC National Secretariat in Abuja. In a statement issued by the National Publicity Secretary, Felix Morka, the party outlined the key changes.

The electronic membership registration exercise has been extended from January 31 to February 8, 2026. According to the statement, the extension follows requests from party stakeholders and is intended to allow more supporters and members to register or validate their membership.

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Furthermore, the schedule for party congresses has been adjusted. Ward congresses are now set to hold on Wednesday, February 18, 2026, while the National Convention has been rescheduled for March 27–28, 2026.

The statement also clarified that some states would be excluded from the forthcoming state congresses. Osun State, Ekiti State, and the Federal Capital Territory (FCT) are exempted due to upcoming elections, while Rivers State is excluded because of the subsisting tenure of the current party executive committees in the state.

Additionally, the NWC confirmed the constitution of a National Convention Planning Committee. The party noted that further details regarding the adjusted timetable and the composition of the planning committee would be communicated in due course.

These changes mark a significant recalibration of the APC’s internal electoral calendar as it prepares for its national convention and subsequent political engagements.

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Turaki-Led PDP Faction to Appeal Court Ruling, Affirms Legitimacy

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By Yusuf Danjuma Yunusa

The Kabiru Turaki-led faction of the Peoples Democratic Party (PDP) has announced it will appeal a Federal High Court ruling in Ibadan that refused to grant its request for an order of mandamus. The court, in its Friday judgment, stated that granting the order would amount to reviewing decisions of courts of equal jurisdiction—a ruling the faction described as “not unexpected.”

In a statement issued by the party’s National Publicity Secretary, Ini Ememobong, and posted on his X (formerly Twitter) account, the faction confirmed it has directed its legal team to file an appeal immediately and take all necessary legal steps to defend its standing.

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Despite the legal setback, the faction asserted that its leadership, which emerged from the PDP’s Ibadan convention, remains legally intact and unaffected. The statement called on members to stay calm and resolute, assuring them there is “absolutely no cause for alarm” and that the party’s “rebirth movement remains firmly on course.”

The development is part of an ongoing internal dispute over leadership and legitimacy within the PDP, with rival factions seeking judicial affirmation. All eyes are now on the appellate courts, whose decisions could significantly influence the party’s structure and direction ahead of future political activities.

The faction expressed confidence that higher courts would ultimately uphold its position, stating it “awaits the authoritative pronouncement of the appellate courts.”

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Fayemi Denies Alleged Closed-Door Meeting with Kwankwaso

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By Yusuf Danjuma Yunusa

Former Ekiti State Governor, Dr Kayode Fayemi, has denied reports claiming that he held a closed-door meeting with former Kano State Governor, Senator Rabiu Kwankwaso, at his Abuja residence.

Fayemi, immediate past Chairman of the Nigeria Governors’ Forum, dismissed the report in a statement issued by the Head of his Media Office, Ahmad Sajoh, on Thursday, describing the claim as false and urging the public to disregard it.

The report, which circulated on X (formerly Twitter) on Wednesday, was shared by several social media handles alongside an old video clip showing Fayemi greeting Kwankwaso at his residence.

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According to the statement, the former Ekiti governor had met Kwankwaso only once in the past year and not in any private political setting.

“Dr Fayemi has only met Senator Kwankwaso once in the last year, and that occasion was at the public book launch of former Attorney-General of the Federation, Mohammed Bello Adoke, SAN,” the statement said.

It added that, “At no time has Dr Fayemi held, or is he holding, any closed-door political meeting with Senator Kwankwaso as suggested by the post.”

The former governor acknowledged that he and Kwankwaso have been friends since their time as governors, but stressed that their relationship is personal and non-partisan.

He noted that the friendship is “based on mutual respect and a shared commitment to the progress of Nigeria, rather than on any political alignment.”

Fayemi also cautioned against attempts by political actors to attach partisan interpretations to private relationships, noting that many of his friends and associates are either not involved in partisan politics or belong to different political persuasions.

The statement added that Fayemi’s associates “span the entire spectrum of Nigeria’s political terrain.”

It, therefore, reaffirmed the former governor’s commitment to national unity, principled engagement, and responsible public discourse.

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