News
MAN says hike in petrol price inevitable
Segun Ajayi-Kadir, the Director – General of Manufacturers Association of Nigeria (MAN) says the increase in the domestic petrol pump price is inevitable.
” Right from the time fuel subsidy was either reduced or removed, it became inevitable that the price may rise. You will also note the sharp decline in the value of the Naira and the impact it is bound to have on the importation of fuel,” Ajayi-Kadir told journalists in Lagos, today.
He was reacting to the recent increase in price of petrol from ₦568 per litre to ₦855 per litre, being implemented across NNPC filling stations.
Ajayi-Kadir, said : “From what I can glean, the reasons for the increase are not far-fetched.
Globally, there is an increase in crude oil prices. Our refineries are not producing and we import fuel.
The increase in cost of crude oil will have direct impact on the cost of importing fuel into Nigeria and expectedly, the NNPC would at some point, adjust domestic prices.”
Impact on economy
So, in terms of what the impact might be and judging from what we have witnessed in the past, the cost of transportation may increase, and so would the prices of goods and services. As the cost of petrol rises, consumers will spend more on transportation and energy, leaving them with less disposable income.
This decrease in purchasing power may lead to reduced demand for non-essential goods and services, affecting businesses across various sectors.
These are pointers to the high possibility of a rise in inflation figures, impacting household budgets.
One is naturally worried about the impact on the already lackluster performance of the manufacturing sector. In particular, there is no doubt that it will add to production input and logistics costs. These will lead to higher prices and in the face of dwindling disposable income of the average Nigerian.
A further deep in consumer demand will see manufacturers’ unplanned inventory rising and reduction in capacity utilization.
Manufacturing performance would be negatively impacted. Businesses may need to adjust their pricing strategies, which could lead to reduced profit margins if consumer demand weakens. Small and medium-sized enterprises (SMEs), which often operate on thin margins, could be particularly hard-hit.
The increased costs could force some to scale down operations or even shut down if they are unable to pass on the additional costs to consumers.
News
FG Launches Nationwide Training to Boost Livestock Extension Capacity
The Federal Ministry of Livestock Development has begun a three-day national capacity-building programme aimed at upgrading the technical skills of Livestock Extension Officers from all 36 states and the FCT.

The workshop focuses on strengthening field advisory services and harmonising extension communication across the country.
Declaring the event open in Abuja, the Permanent Secretary, Dr. Chinyere Ijeoma Akujobi, represented by the Director of Livestock Extension and Business Development, Mr. Joseph Ako, reaffirmed the Ministry’s commitment to building a modern and commercially viable livestock sector capable of driving food security and economic diversification.

She described livestock extension officers as central to the sector’s transformation agenda, noting that they serve as the crucial link between research institutions and rural farmers.

Earlier in his welcome remarks, Mr. Ako encouraged participants to take full advantage of the intensive training sessions and emphasised that improved professional capacity among extension workers will translate into better support for livestock farmers nationwide.

The programme is anchored on the National Livestock Growth Acceleration Strategy, which places strong emphasis on effective extension services as a core pillar for boosting productivity, expanding modern production systems and promoting sustainable livestock management practices.

Meanwhile, participants will receive training in key thematic areas such as Good Animal Husbandry Practices, animal welfare, feed and nutrition, disease management, biosecurity, waste management, One Health principles, breeding and reproduction, humane handling, housing, record keeping and participatory extension methods.

News
Osun PDP Congress: Thugs Arrested, Alleged Governor Makinde Mobilised Them
Scores of Hoodlums Arrested, confessed Governor Makinde mobilised them. Members of the Oyo state chapter of the Peoples Democratic Party (PDP) dominated today’s governorship primaries of the PDP held at Osogbo, investigation and eyewitness accounts at the venue have revealed.
Buses filled with PDP members were seen entering from both Iwo and Ikire end of Osun state last night and early this morning with many of the buses stopping at Adolak hotel, the venue of the congress.
A check through the hall revealed that Osun PDP members were not in attendance even though the Ibadan based zonal youth leader of the PDP was identified as the anchor mobilised of the Oyo state PDP members for the Osun Congress.
A chat with some of the individuals at the Congress confirmed that they were mostly from Oyo state with some of them actually confirming that they were recruited to attend.
The presence of Police men and women from Oyo state who provided security cover for the mobilised party members.
Some political thugs were however arrested and they narrated how they were mobilised from the Government House in Oyo state.
On why Oyo PDP members had to be mobilised for the Osun Congress, a party chieftain from Oyo state who was also present said “Osun PDP did not conduct the mandatory three adhoc delegates to vote at the Congress.
“ So we fill the vacancies with our people from Oyo state. We cannot allow PDP to die here. That is why we have to so mobilise”, the source noted.
News
President Tinubu Nominates Gen Christopher Musa as New Defence Minister
In a letter to Senate President Godswill Akpabio, President Tinubu conveyed General Musa’s nomination as the successor to Alhaji Mohammed Badaru Abubakar, who resigned on Monday.
President Bola Ahmed Tinubu has nominated General Christopher Gwabin Musa as the new Minister of Defence.
In a letter to Senate President Godswill Akpabio, President Tinubu conveyed General Musa’s nomination as the successor to Alhaji Mohammed Badaru Abubakar, who resigned on Monday.
General Musa, 58, on December 25, is a distinguished soldier who served as Chief of Defence Staff from 2023 until October 2025. He won the Colin Powell Award for Soldiering in 2012.
Born in Sokoto in 1967, General Musa received his primary and secondary education there before attending the College of Advanced Studies in Zaria.
He graduated in 1986 and enrolled at the Nigerian Defence Academy the same year, earning a Bachelor of Science degree upon graduation in 1991.
General Musa was commissioned into the Nigerian Army as a Second Lieutenant in 1991 and has since had a distinguished career.
His appointments include General Staff Officer 1, Training/Operations at HQ 81 Division; Commanding Officer, 73 Battalion;
Assistant Director, Operational Requirements, Department of Army Policy and Plans; and Infantry Representative/Member, Training Team, HQ Nigerian Army Armour Corps.
In 2019, he served as Deputy Chief of Staff, Training/Operations, Headquarters Infantry Centre and Corps; Commander, Sector 3, Operation Lafiya Dole; and Commander, Sector 3 Multinational Joint Task Force in the Lake Chad Region.In 2021, General Musa was appointed Theatre Commander, Operation Hadin Kai.
He later became Commander of the Nigerian Army Infantry Corps before being appointed Chief of Defence Staff by President Tinubu in 2023.
In the letter to the Senate, President Tinubu expressed confidence in General Musa’s ability to lead the Ministry of Defence and further strengthen Nigeria’s security architecture.
Bayo OnanugaSpecial Adviser to the President,(Information and Strategy)December 2, 2025
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