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Again, Dangote crashes diesel, and Aviation fuel prices further to N940, N980 respectively

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Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively.

This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago.

The price change of N940 applies to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above.

Speaking on the new development, the Head of Communication, Mr Anthony Chiejina, explained that the new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria.

“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates.”

He further stated that the partnership will be extended to other major oil marketers. “The essence of this is to ensure that retail buyers do not buy at exorbitant prices.

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“The Dangote Group is committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce this new prices and hope that it would go a long way to cushion the effect of economic challenges in the country.

It would be recalled that the management of Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 Naira per litre barely two weeks ago.

This marks the third major reduction in diesel price in less than three weeks when the product sold at N1,700 to N1,200 and also a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.

Nigerian President Bola Tinubu had also commended Mr Dangote for the initial price reduction, describing it as an “enterprising feat.”

Reacting to the latest development, The Director General of the Manufacturers Association of Nigeria (MAN), Mr. Ajayi Kadiri, said that “The decision of Dangote Refinery to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy.”

He added that “The trickledown effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity.

“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation

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ADC Accuses APC of Avoiding Performance Record, Shifting Focus to Personalities Ahead of 2027

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By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) has accused the ruling All Progressives Congress (APC) of attempting to divert public attention from its economic and security record by obsessively focusing on opposition candidate Atiku Abubakar and former President Olusegun Obasanjo’s personal opinions.

In a statement issued Monday, ADC National Publicity Secretary Mallam Bolaji Abdullahi said the APC’s response to recent criticism from Catholic Bishops reveals a party unable to defend its governance record.

“The APC wants the 2027 election to be about personalities because it cannot defend its performance,” Abdullahi said. “They want this election to be about Obasanjo’s personal opinion of Atiku based on a distant past because they cannot defend Bola Ahmed Tinubu’s record based on current performance.”

The statement comes after Catholic Bishops reportedly raised concerns about worsening poverty, insecurity, and the rising cost of living during a recent meeting with President Tinubu. The ADC accused the ruling party of attacking the Bishops rather than addressing their substantive concerns.

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“Whenever respected Nigerians point to the deepening poverty, worsening insecurity, rising cost of living, or the collapse of public confidence under this administration, the APC never answers for its record,” Abdullahi said. “Instead, it looks for someone to attack. Yesterday, it was the Catholic Bishops. Today, it is Alhaji Atiku Abubakar. Tomorrow, it will be someone else.”

The ADC challenged the APC government to answer specific questions about its economic management, including why food prices continue to soar despite proclaimed economic growth, why poverty has deepened, and why the government is spending 69% of revenue on debt servicing—a figure the World Bank has described as dangerously high.

The party also defended Atiku Abubakar’s record as Vice President under Obasanjo, noting that Nigeria experienced stronger economic growth and greater macroeconomic stability during that period.

“While President Obasanjo was in office, with Alhaji Atiku Abubakar serving as Vice President and Chairman of the National Economic Council, Nigeria experienced stronger economic growth, greater macroeconomic stability, stronger investor confidence, and a far more affordable cost of living than Nigerians endure today,” the statement read.

“Whatever political differences may now exist between the two men, that record remains a matter of public history and cannot be erased.”

The APC had not issued an official response to the ADC’s allegations at the time of this report. However, party officials have previously dismissed opposition criticism as politically motivated.

Political analysts note that the exchange reflects an intensifying campaign season, with both parties already positioning themselves for the 2027 presidential election. The ADC, while a smaller opposition party, has sought to align itself with the broader critique of the APC’s economic policies under President Tinubu.

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Atiku Fires Back at the Presidency: “767 Factories Shut, 335 Others in Distress Under Tinubu”

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By Yusuf Danjuma Yunusa

Former Vice-President Atiku Abubakar has accused the Tinubu administration of presiding over an increasingly hostile business environment, alleging that 767 factories had shut down while another 335 were operating under severe distress.

Mr Atiku said the closures and difficulties facing manufacturers contradicted the Federal Government’s claims that its economic reforms were restoring growth and improving the business environment.

The former vice-president, who is the presidential candidate of the African Democratic Congress, ADC, stated this in a response to the Presidency’s defence of President Bola Tinubu’s economic record.

In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Mr Atiku said the government’s claims of economic prosperity existed largely in official statements and had not been reflected in the experiences of businesses and ordinary Nigerians.

He said the administration was celebrating Gross Domestic Product, GDP, growth and other macroeconomic indicators while manufacturers, small businesses and households faced rising operating costs and declining purchasing power.

“The Presidency proudly announced that Nigeria’s GDP has increased significantly since the exchange-rate adjustment. We ask a simple question: Has the purchasing power of the average Nigerian increased?” Mr Atiku said.

“Are manufacturers paying less for energy? Have small businesses become more profitable? The answer, tragically, is no.”

He said the closure of hundreds of factories and the distress faced by many others reflected the pressure created by high energy costs, multiple taxes, expensive logistics, rising electricity tariffs and weak consumer demand.

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Mr Atiku argued that government policies could not be described as successful if they increased public revenue while reducing the productive capacity of the economy.

“Government cannot tax its way into prosperity while simultaneously shrinking the productive capacity of the economy,” he said.

“Manufacturers are battling record energy costs. Small businesses face multiple taxes, rising electricity tariffs, escalating logistics expenses and declining consumer demand.”

The former vice-president said tax reforms should be designed to encourage production, create jobs and expand the tax base rather than place additional pressure on struggling businesses.

“A tax reform that expands government revenue while ordinary citizens become poorer cannot honestly be described as progressive,” he said.

He added that successful tax systems were built on productivity and economic growth, not by extracting more revenue from businesses and households already facing financial pressure.

Mr Atiku also questioned the government’s borrowing policy, saying the debate should not focus solely on Nigeria’s debt-to-GDP ratio but on the economic value generated by borrowed funds.

“No serious economist argues that borrowing is inherently wrong. Nations borrow. The real question is this: what has Nigeria obtained in return for the unprecedented debts accumulated under this administration?” he asked.

He said Nigerians had a right to demand evidence that borrowed funds were being used to improve infrastructure, create jobs, strengthen public services and raise living standards.

Mr Atiku noted that businesses continued to spend heavily on alternative sources of electricity, while high logistics costs and poor infrastructure remained major obstacles to production.

“After record borrowing and record budgets, businesses are still forced to spend enormous sums generating their own electricity,” he said.

“Logistics costs remain among the highest in Africa. Manufacturers continue to struggle under crushing operating costs, while many roads remain in deplorable condition.”

The former vice-president said infrastructure should be assessed by its economic impact rather than the number of projects announced or commissioned by the government.

“Every administration announces projects. Nigerians are interested in completed projects that reduce the cost of doing business, improve mobility, guarantee stable electricity and stimulate economic growth,” he said.

Mr Atiku also challenged the Presidency’s explanation concerning crude-backed financing arrangements, arguing that the government had admitted that future oil earnings had been committed in ways that limited the country’s ability to benefit from favourable crude oil prices.

He said Nigerians deserved full disclosure on the terms of such arrangements, including the volume of crude committed, repayment conditions, funds received and projects financed.

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Presidency Sets Seven-Week Deadline for State Police Bill Draft

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By Yusuf Danjuma Yunusa

The presidency has officially set a seven-week timeline for the completion of the draft executive bill on state policing, with the proposed legislation expected to reach President Bola Tinubu for review by September 3, 2026.

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Femi Gbajabiamila, chairman of the presidential working group on the national policing bill, disclosed the schedule on Monday, confirming that the draft will be formally transmitted to the president exactly seven weeks from now.

Gbajabiamila’s announcement underscores the administration’s accelerated push to overhaul Nigeria’s centralized policing structure, a reform initiative that has gained significant traction amid growing calls for decentralized security architecture to address the nation’s complex law enforcement challenges.

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