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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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Prof. Sule Yau Sule, Dr. Ruqayyah Yusuf Aliyu Named to Lead Key IPI Nigeria Committees

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Professor Ruqayya Yusuf Aliyu

 

Muhammad Sani Uba

The International Press Institute (IPI) Nigeria has appointed Professor Sule Yau Sule of Bayero University, Kano, and Dr. Ruqayyah Yusuf Aliyu, also of Bayero University, Kano, to head two of its strategic committees as part of efforts to bolster press freedom and professionalism in the media space.

Professor Sule, a renowned communications scholar and respected academic, will serve on the Advocacy Committee as member, while Dr. Ruqayyah chairs the Membership Committee, highlighting IPI Nigeria’s commitment to intellectual depth and diversity in its leadership structure.

The appointments were announced by IPI Nigeria President, Musikilu Mojeed, in a statement issued by the institute’s Secretary, Ahmed Shekarau, on Sunday in Abuja. In total, 30 seasoned media professionals were named to serve across four standing committees – Fundraising, Programming, Advocacy, and Membership.

Mojeed said the reconstitution of the committees would “accelerate efforts to safeguard press freedom and promote ethical journalism practices in Nigeria.”

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The Fundraising Committee is led by Ms Funke Egbemode, former President of the Nigerian Guild of Editors (NGE), with Alhaji Yusuf Alli as secretary. Members include Alhaji Mohammed Idris, Minister of Information, Garba Shehu, Juliet Bumah, and Ken Ugbechie, publisher of Political Economist.

Other members are Victoria Ibanga, Olufunke Fadugba, and Gbemiga Ogunleye, a former Provost of the Nigerian Institute of Journalism.

Prof Sule Yau Sule

Prof Sule Yau Sule

Mr Oladotun Oladipo, Managing Editor of Premium Eagle Ltd, chairs the Programming Committee, with Hajia Sani of Voice of Nigeria as secretary. Members include Zainab Okino, Dayo Aiyetan of ICIR, Catherine Agbo of 21st Century Chronicle, Emma Agu, and Ahmed Shekarau.

Tobi Soniyi, Media Adviser to the Chief Justice of Nigeria, chairs the Advocacy Committee, assisted by Ochiaka Ugwu of Peoples Daily. Other members include Danlami Nmodu, Laide Abbas of NTA, David Ajikobi, and Fred Ohwahwa.

On the Membership Committee, Linda Kpum of IPI Nigeria will serve as secretary, with members including IPI Nigeria Deputy President Fidelis Mbah, Naziru Abubakar, and Dr Bolanle Ismail of Crescent University.

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Senator Kawu Sumaila Donates Land to Nigerian Navy for the Construction of a Secondary School

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Senator Sulaiman Abdulrahman Kawu Sumaila has donated 20 hecters of land to Nigerian Navy for the construction of a boarding senior secondary school in Sumaila loca government, Kano state.

Speaking while conducting the representatives of the Nigerian Navy round the land, Sen. Sumaila said the donation was to complement the Federal government’s efforts towards boosting education system.

Representing Kano South Senatorial Districtin, Sumaila said already the FG has earmarked N5.2bn in the 2025 budget for the construction of the school.

“The school is for both males and females and was to admit students from all over the country. The move will boost education system in Sumaila local government and Kano state.

“We thanked Mr. President Bola Ahmed Tinubu for the gesture. I donated my land to the Nigerian Navy as part of my contribution to the project. As a representative, it is duty bound upon myself to contribute to this project because it is meant to help my constituents.

“Besides the donation of the land, I will continue to do follow ups to ensure that the project sees the light of the day. I will be part and parcel of any project that concerns my constitutes,” he assured.

In another development, Sen. Sumaila also assured consistent follow ups on the Kano-Wudil-Shuwarin road project, saying the project was critical to his constituents.

Sumaila, who stated this when he received a delegation from the Triactor Construction Company, also said he will liaise with federal ministry of works and the Traicter to ensure completion of the project in time.

It can be recalled that the Kano Wudil Road the Kano-Maiduguri dual carriage project was awarded by the Chief Olusegun Obasanjo-led administration but about 20 years, but the project was not completed.

Though the Buhari-administration commitment to improving road transportation led to the award of so many road contracts to restore the dilapidated roads in the country and among these roads was the renew contract of the dualization of the Kano-Maiduguri road yet the project was not completed.

However, following a motion by Sen. Sumaila on the Section One project, the Federal Executive Council terminated the contract and re-awarded same to Triacter construction company.

This particular portion of the road which has long been a death trap—causing frequent accidents, loss of lives, and persistent traffic congestion— will now receive the urgent attention it deserves.

The new contract, valued at One Hundred and Twenty-Four Billion, Four Hundred Million Naira (₦124,400,000,000), comes with a completion timeline of three years.

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Group Urges Tinubu to Respect State Authority as a Federating Unit

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Kano State’s unity and progress took center stage as Ambassador Abbas Abdullahi, Director General of One Kano Agenda (OKA), addressed the press at the Kano NUJ Centre.

In a speech, he called for respect for the authority of Kano State as a recognized federating unit, emphasizing the importance of unity and collaboration in the face of recent challenges.

Ambassador Abdullahi began by extending condolences to the family of the late Galadiman Kano, Alhaji Abbas Sunusi, and the entire Kano community. “A respected elder and custodian of our traditions has departed,” he said. “We pray that Allah SWT grants him eternal peace and gives his family the strength to bear the loss.”

The Director General highlighted the recent tensions surrounding the Emirate issue, which have sparked public debates and fueled discord. “While discussions on matters of history and tradition are important, we must be careful not to allow misinformation or political manipulation to erode the unity we have built over generations,” he warned.

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Ambassador Abdullahi underscored the significance of Kano’s traditional institutions, describing the Emirate as a symbol of governance, values, and leadership. He cautioned against politicizing or exploiting this heritage for personal or partisan gain, stating, “The peace and dignity of Kano must never be sacrificed for any agenda.”

In a call to action, he urged youth, civil society groups, religious leaders, political actors, and traditional stakeholders to rise above divisions and prioritize Kano’s unity. “The strength of Kano has always been in its people—diverse, resilient, and united,” he affirmed.

Ambassador Abdullahi also appealed to President Bola Ahmed Tinubu, Kano State Governor, and the respected elders of Arewa to encourage peaceful dialogue among all stakeholders. “National peace begins with local harmony, and the restoration of calm in Kano is a matter of national interest,” he said. He emphasized the need for non-partisan mediation to maintain mutual respect between state and federal institutions.

Addressing Kano’s royal fathers and traditional leaders, he called on them to provide wisdom and guidance during this critical time. “The people of Kano look up to you. Let your leadership guide us through this time with dignity and foresight,” he urged.

The Director General concluded with a message of hope and unity, encouraging all citizens to become promoters of peace. “Kano’s greatness lies ahead of us, not behind us. It is not too late to rewrite a new future together, with courage, wisdom, and a deep love for our land,” he said.

Ambassador Abbas Abdullahi’s address serves as a rallying cry for unity, peace, and progress, reaffirming the commitment of One Kano Agenda to safeguarding Kano’s traditions and fostering a brighter future for all.

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