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House of Representatives Thumbs up NNPC Ltd. Reforms, Profitability

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The House of Representatives has commended the on-going reforms at the
Nigerian National Petroleum Company (NNPC) Ltd, saying that the legislature is
very pleased with the company’s growth from a loss-making one into a profitmaking commercial entity.

The commendation came from the Speaker of the House of Representatives, Rt.
Hon. Abbas Tajudeen, when NNPC Ltd.’s Group CEO, Mele Kyari led the company’s
Senior Management on a courtesy call to the House of Representatives at the
National Assembly Complex, on Thursday.
The Speaker, who described the NNPC Ltd. as a critical stakeholder in Nigeria’s
economy, said that it is imperative for all arms of government to support the
Company to enable it deliver on its mandate.

“When we discuss the Nigerian economy, we must talk about the NNPC Ltd. as a
dominant force. We are delighted that the ongoing reforms at NNPC Ltd. have
started yielding fruit. It is pleasing to hear that you have moved from a lossmaking entity to a profit-making one. We urge you to sustain these reforms,” the
Speaker stated.

The Speaker, who congratulated President Bola Tinubu for the bold decision to
remove subsidy on petroleum products said the singular decision has relieved the country of a major problem that has bogged it over the years.

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He called on the NNPC Ltd. management to devise more practicable ways of
revamping the nation’s refineries to turn around their fortunes for the better.
Describing crude oil theft and pipeline vandalism as a huge problem which, if left unchecked, could bring the nation’s economy to a halt, the Speaker assured that the Parliament would support the NNPC Ltd. in its fight against the menace.

Earlier in his remarks, the GCEO of NNPC Ltd., Mr. Mele Kyari said that with the
passage of the Petroleum Industry Act (PIA) 2021, NNPC Ltd’s profitability margins
have significantly risen, growing from a loss position of N803billion in 2018 to a
profit position of N674billion in 2021.
Kyari noted that NNPC Ltd. is targeting a profit increase of N2trillion when the
2022 Audited Financial Statements (AFS) are released, adding that since July this
year, the Company has started paying dividends to its shareholders.

While lauding the National Assembly for the critical role it played in the
enactment of the Petroleum Industry Act (PIA) 2021, Kyari said that this legislative
endeavour had given birth to a new commercially oriented National Oil Company
(NOC) that is governed by the Company & Allied Matters Act (CAMA).

He informed the House that the Company has made robust plans for the supply
of petroleum products especially Premium Motor Spirit (PMS), also known as
petrol, sufficient to last beyond the ‘ember months and the new year festivities.
“By the creation of the National Assembly, NNPC Ltd. is saddled with the
responsibility of guaranteeing Nigeria’s energy security which is critical to national
security.

We have made a robust plan for the forthcoming end of the year
festivities and beyond. We do not see any shortages in the petroleum products.

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ADC Reports Surge in Membership Following Kwankwaso’s Defection, Calls Him ‘Game Changer’

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By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) has officially welcomed former Kano State Governor and 2023 presidential candidate Senator Rabiu Musa Kwankwaso into its fold, touting his defection as a pivotal move that strengthens a growing coalition for political realignment in Nigeria.

In a statement released for immediate effect, the party described Kwankwaso as a “game-changer,” announcing that he has directed his network of supporters nationwide to join the ADC. According to the party, this call has already triggered a significant uptick in registrations on its online platform over the past 24 hours.

The ADC’s National Publicity Secretary, Mallam Bolaji Abdullahi, framed the defection as part of a broader recognition among Nigerians of the need for a credible political alternative. The statement emphasized Kwankwaso’s experience in governance, grassroots influence, and capacity to unify as assets to the party’s ambition to “rebuild Nigeria.”

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Notably, the ADC highlighted the presence of several high-profile leaders at the defection event, including the party’s National Chairman, Senator David Mark; National Secretary, Ogbeni Rauf Aregbesola; and leading presidential aspirants such as former Vice President Atiku Abubakar, Mr. Peter Obi, and Rt. Hon. Rotimi Amaechi. Their attendance, the party stated, reflects a united front and growing momentum.

The party characterized the surge in online registrations as evidence that Nigerians are aligning with what it called a “different path forward.” In its appeal to Kwankwaso’s supporters and the broader public, the ADC positioned itself as a vehicle for restoring dignity, opportunity, and public trust in governance.

“Change does not happen by chance,” the statement concluded. “It happens when people come together with purpose.”

The development marks a significant realignment in Nigeria’s opposition political landscape, with the ADC seeking to position itself as a converging point for influential politicians and their followings ahead of future elections.

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Foreign Affairs Minister Resigns to Pursue Bauchi Governorship Election

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By Yusuf Danjuma Yunusa

The Minister of Foreign Affairs, Yusuf Maitama Tuggar, has resigned from his position in the administration of President Bola Ahmed Tinubu to pursue the governorship of Bauchi State in the 2027 election.

Tuggar submitted his resignation on Monday, in compliance with a presidential directive requiring all political appointees with electoral ambitions to vacate their posts by the March 31, 2026, deadline.

The directive, issued through the office of the Secretary to the Government of the Federation, George Akume, aligns with Section 88(1) of the Electoral Act, 2026, and the timetable released by the Independent National Electoral Commission (INEC). It affects ministers, advisers, and heads of federal agencies intending to contest in the 2027 general elections.

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Reports have it that his resignation positions him to seek the ticket of the All Progressives Congress (APC) for the Bauchi State gubernatorial race.

Tuggar’s entry is expected to significantly reshape the state’s political landscape, intensifying an already competitive contest for the APC nomination. His background as a career diplomat and serving minister is seen by political observers as a potential advantage, offering national visibility and extensive political networks.

With less than 24 hours remaining before the deadline, additional resignations from the Federal Executive Council are anticipated as other appointees move to formalize their electoral ambitions.

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Kwankwaso Officially Joins ADC

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By Yusuf Danjuma Yunusa

Former presidential candidate of the New Nigeria Peoples Party and ex-Governor of Kano State, Senator Rabiu Kwankwaso, has officially joined the African Democratic Congress.

The former Minister of Defence also registered with the party and received his membership card on Monday at Gidan Kwankwasiyya, Miller Road, Bompai, Kano.

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Present at the event include ADC National Chairman and former Senate President, David Mark; former Sokoto State Governor, Senator Aminu Tambuwal; former Minister of Transportation, Rotimi Amaechi; former Labour Party presidential candidate, Peter Obi; Senator Dino Melaye; and former National Chairman of the All Progressives Congress, John Odigie-Oyegun, among others.

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