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Breaking:Dangote Refinery Reduces Diesel Price

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Aliko Dangote

Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general.

Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than three times, from an initial N1,700 per litre to the current rate, thus providing much-needed relief to manufacturers and consumers alike.

The latest reduction of N55 per litre for diesel follows the revelation by Development Economist and Public Policy Analyst, Prof. Ken Ife, that the Dangote Petroleum Refinery sacrificed over N10 billion to ensure the availability of petrol at a uniform price across the country during the yuletide period. He also praised the refinery for setting a new benchmark in Nigeria’s energy sector by unlocking vast opportunities for export revenue.

Speaking on the transformative impact of the refinery on Arise TV, Prof. Ife explained that for years, the equalisation fund had been responsible for managing the price differentials and transportation costs involved in distributing petroleum across the country. However, it has been reported that the fund owes marketers over N80 billion, according to the development analyst.

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“What has actually happened is that the president has shifted the subsidy burden away from the public purse and onto the private sector. The equalisation fund, which was meant to cover the price differential and transportation costs, plays a crucial role. If petroleum is to be sold across the country at a set price, then transportation costs must be accounted for to ensure this is possible. That’s the purpose of equalisation. However, the equalisation fund is reported to owe around N80 billion to the marketers, and this issue is still under discussion.

“During the Christmas season, which is traditionally the most challenging period, we often face shortages of petroleum, petrol hoarding, and arbitrary price hikes, all of which impact the cost of food. In response, during this last yuletide, the Dangote Group made the decision to absorb the costs. They equalised the price themselves, at a cost of over N10 billion. In doing so, they effectively absorbed the subsidy,” he said.

Prof Ife also said the facility is steering Nigeria away from its traditional focus on Premium Motor Spirit (PMS) towards a diversified range of petroleum-based exports.

He added that with major international players such as BP and Saudi Aramco purchasing refined products from Nigeria, the country is swiftly becoming a key player in the global petroleum market. The analyst expressed confidence that Nigeria is on the path to self-sufficiency in petroleum products, while simultaneously positioning itself as an energy export powerhouse.

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Court Restrains Anti-Corruption Commission, Others from interfering in MAAUN’s Affairs

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A Kano High Court has granted an interim injunction restraining the Public Complaints and Anti-Corruption Commission (PCACC) and four other parties from interfering in the internal and external affairs of Maryam Abacha American University of Nigeria (AAUN), Kano.

Justice Sanusi Ado Ma’aji of the High court of Kano Judicial Division issued the order, while ruling on a motion of ex parte filed by the management of the university.

The respondents in the suit are the Kano State Government, PCACC, Kano State House of Assembly and the state’s Attorney-General and concerned parents of the institution.

Justice Ma’aji in the court order dated December 11, 2025, restrained the respondents or any other person acting on their behalf from inviting officials of the institution or interfering in the administrative and academic activities of the intuition, pending the hearing and determination of the substantive suit.

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The court also directed all the parties to maintain status quo in relation to the matter between the applicant and the first respondent, pending the determination of the originating summons.

Speaking after the ruling, MAAUN’s counsel Zahraddeen M. Bello, said that the court’s decision reaffirmed the rule of law and the need for due process, saying the university will continue to operate within the confines of law, while the case is pending.

However, the court granted leave to the applicant to serve court processes on the fifth respondent at its office located at No. 224 Sabo Bakin Zuwo, Kano.

The matter was adjourned to December 29, 2025 and the order was given under the hand and seal of the presiding judge and was duly endorsed by the Principal Registrar of the court.

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Jigawa Trains Local Government Chairmen on 2025 Tax Reform Act

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The Jigawa Joint Task Committee has commenced a two-day capacity-building training for local government chairmen and policymakers. The two-day capacity program focused on the new Nigeria Tax Reform Act (NTA) 2025, which is scheduled to take effect nationwide on January 1, 2026.

The training gathered a contingent of state and local revenue stakeholders, including all 27 local government chairmen of Jigawa State, led by the Chairman of the Association of Local Governments of Nigeria (ALGON), revenue officers, and key policy and tax experts.

The core objective of the session was multifaceted: to enhance understanding of the NTA 2025 and its specific implications for local government administration, strengthen collaboration between state and local tiers for revenue harmonization and joint administration, and improve the technical capacity of local government leaders in deploying modern revenue processes and digital systems.

During the event, the Executive Chairman of the Jigawa Internal Revenue Service (JIRS), Dr. Nasir Sabo Idris, commended the state government’s leadership for its commitment to fiscal autonomy.

“I wish to acknowledge the immense support of His Excellency, Governor Malam Umar Namadi, FCA,” Dr. Idris said.

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According to Dr. Idris, Jigawa Governor’s commitment to revenue generation has been unwavering, ensuring a consistent improvement in the state’s Internally Generated Revenue (IGR).

Dr. Idris pointed out that the upcoming launch of JigiTax, a wholly digital platform designed to streamline and modernize revenue collection across Jigawa State, is underway.

He said the move is seen as a direct response to strengthening transparency and blocking revenue leakages.

On his part, the Jigawa State Commissioner for Local Government, Ibrahim Graba Hannun-Giwa, whose address was delivered by the Director of Research, Malam Samaila Yusuf, said:

“The Ministry of Local Government is doing all it takes to continue supporting the visionary policies of Governor Namadi and driving policies that will shore up the revenue base of our local governments,” Malam Yusuf stated, emphasizing a unified approach to fiscal strength.

The dividends of the collaborative efforts were highlighted by the ALGON Chairman, who also serves as the Chairman of Dutse Local Government.

Speaking to newsmen, he asserted that the state’s disciplined approach had fundamentally altered the financial landscape at the grassroots level.

“With the commitment shown by Governor Namadi and the diligent efforts of the Jigawa Joint Revenue Committee, no local government in Jigawa now seeks intervention,” the ALGON Chairman declared.

He said, “Revenue loopholes are being systematically blocked, and improved compliance by different stakeholders, including markets and motor parks remitting their taxes, has significantly boosted our revenue drive.”

He further confirmed that the local governments had already undertaken a series of awareness trainings for all relevant stakeholders to ensure a seamless transition to the NTA 2025.

Barrister Aliyu Abdullahi said the in a paper presentation titled “State and Local Government in the Law,” by a legal practitioner. The paper specifically called for the legislative institutionalization of the Jigawa Joint Revenue Committee by the State House of Assembly. This institutional backing, the practitioner argued, would solidify the collaborative framework for revenue harmonization and ensure its longevity beyond the current administration.

 

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Former President Obasanjo Endorses Turaki’s Faction of PDP

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By Yusuf Danjuma Yunusa

Former President Olusegun Obasanjo hosted the national working committee (NWC) of a faction of the Peoples Democratic Party (PDP) at his residence in Abeokuta, Ogun state.

The PDP faction visited the former president on Saturday, and Kabiru Turaki led the delegation.

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Those among the delegation are: Muazu Aliyu, former Niger governor; Jonah Jang, former governor of Plateau; Adolphus Wabara, former senate president, and many more.

Interacting with the delegation, Obasanjo commended the faction’s effort, adding that its members should “soldier on”.

The former president also urged the faction to remain steadfast in instilling discipline in the party, adding that:

“anybody who wants to belong to a political party must adhere strictly to its rules and regulations”.

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