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BREAKING: 48 Hours After Tinubu’s Subsidy Removal Pronouncement: NNPC Confirms Petrol Price Hike

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The General Petrol Pump Price in Nigeria has been increased by the Nigerian National Petrol Company (NNPC) Limited, after confirming the adjustment.

This is coming 48 hours after President Bola Tinubu announced an end to the subsidy era during his inaugural speech at the Eagle Square on May 29, 2023.

Fuel queues have since resurfaced across the country since the presidential pronouncement as Nigerians forage for the premium product which is now sold from N400/litre to as high as N600/litre.

In a statement on Wednesday, the NNPC spokesman, Garba Deen Muhammad, said the price of the essential commodity has been adjusted its retail outlets nationwide but he did not mention a specific amount.

He said the price per litre of petrol will continue to fluctuate to reflect market dynamics.

PRESS STATEMENT

ADJUSTMENT IN PUMP PRICE OF PMS

NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS across our retail outlets, in line with current market realities.

As we strive to provide you with the quality service for which we… pic.twitter.com/sL0tePldqg

— NNPC Limited (@nnpclimited) May 31, 2023

“NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS across our retail outlets, in line with current market realities,” the statement partly read.

“As we strive to provide you with the quality service for which we are known, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics.

“We assure you that NNPC Limited is committed to ensuring a ceaseless supply of products.”

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Business

We ban alcohols in retail satchets for national interest – Prof Adeyeye

Placing a label to read not for children on the sachets and the small containers will not work. It cannot be enforced because of the peculiarity of the society.

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The National Agency for Food and Drug Administration and Control (NAFDAC) declared on Thursday that it only ban alcohol in sachet and small containers less than 200ml, and didn’t close down any company in the sector.

“The aim of the ban is to protect vulnerable population such as children and the youth,” said Prof Mojisola Christianah Adeyeye, Director-General, NAFDAC, asserting:”This ban is not punitive; it is protective.”

In a statement , the NAFDAC DG, emphasised that the ban was in line with the recent directive of the Senate of the Federal Republic of Nigeria, and backed by the Federal Ministry of Health and Social Welfare, underscores the agency’s statutory mandate to safeguard public health and protect vulnerable populations particularly children, adolescents, and young adults from the harmful use of alcohol.

The proliferation of high-alcohol-content beverages in sachets and small containers less than 200 ml has made such products easily accessible, affordable, and concealable, leading to widespread misuse and resultant addiction among minors and some commercial drivers.

This public health menace has been linked to increased incidences of domestic violence, road accidents, school dropouts, and social vices across communities.

Placing a label to read not for children on the sachets and the small containers will not work. It cannot be enforced because of the peculiarity of the society.

Many parents dont know their children take alcohol in sachet because the pack size can be easily concealed and the sachet is cheap. History of six years of moratorium given to manufacturers to reconfigure their product lines:

In December 2018, NAFDAC, the Federal Ministry of Health, and the Federal Competition and Consumer Protection Commission (FCCPC) signed a five-year Memorandum of Understanding (MoU) with the Association of Food, Beverage and Tobacco Employers (AFBTE) and the Distillers and Blenders Association of Nigeria (DIBAN) to phase out sachet and small-volume alcohol packaging by January 31, 2024.

The moratorium was later extended to December 2025 to allow industry operators to exhaust old stock and reconfigure production lines.

NAFDAC emphasizes that the current Senate resolution aligns with the spirit and letter of that agreement and with Nigeria’s commitment to the World Health Assembly Global Strategy Resolution to Reduce the Harmful Use of Alcohol (WHA63.13, 2010), to which Nigeria is a signatory since 2010.

The ban on sachet packaging and PET botttle less than 200 ml is to make it difficult for children to get to alcohol and its consumption.

NAFDAC approves alcohol in bigger pack sizes. The small size of the sachet makes it easier for underage to conceal from parents and teachers.

Report from schools show that children conceal the sachets. A teacher recently reported that a student said he couldnt take exam without taking sachet alcohol.

It is aimed at safeguarding the health and future of our children and youth by not allowing alcohol in small pack sizes.

The decision is rooted in scientific evidence and public health considerations. We cannot continue to sacrifice the wellbeing of Nigerians for economic gain.

The health of a nation is its true wealth.NAFDAC reiterates that only two packages of alcoholic beverages are affected by this regulation – spirit drinks packaged in sachets and small-volume PET/glass bottles below 200ml.

The Agency calls on all stakeholders, including manufacturers, distributors, and retailers, to comply fully with the phase-out deadline, as no further extension will be entertained beyond December 2025.

The Agency will continue to work collaboratively with the Federal Ministry of Health and Social Welfare, the Federal Competition and Consumer Protection Commission (FCCPC), and the National Orientation Agency (NOA) to implement nationwide sensitization campaigns on the health and social dangers associated with alcohol misuse.

NAFDAC remains resolute in its mission to ensure that only safe, wholesome, and properly regulated products are available to Nigerians.

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Business

Chinese investors establish $20m Lithium plant in Kwara with pharmaceutical plant underway

According to Sun, the company currently employs more than 300 workers, most of whom are indigenes of Kwara State.

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Image: Lithium mineral

A Chinese firm, ER KANG Company Limited, has established a $20 million lithium processing factory in Kwara State.

ER KANG is also establishing a pharmaceutical manufacturing company in Kwara, valued at over $15 million, bringing the total Chinese investment in the state to approximately $35 million.

Team lead of the company, Sun Qing Rong, disclosed this in Ilorin during a meeting with Governor AbdulRahman AbdulRazaq on Wednesday.

He said the lithium plant is already operational and the investment is intended to prevent the export of raw minerals without processing.

Sun explained that the facility converts lithium into ready-to-use industrial materials, ensuring the mineral is processed locally rather than exported in its raw form.

He noted that the initiative aligns with government policies promoting value addition in the state.

According to Sun, the company currently employs more than 300 workers, most of whom are indigenes of Kwara State.

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Business

NAFDAC misleads the Senate to ban sachet alcohol – MAN

Business is based on data and logic. Not sentiment. Data is key. Bring your data. Alcohol is not produced for children.

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Photo by Ochefa / Ohibaba.com; 28 January 2026

The leadership of the Manufacturers Association of Nigeria (MAN), on Wednesday accused the nafdac to have misled the Senate to approve the ban on sachet alcohol and PET bottles.

The leadership of the association made the accusations on the occasion of the 10th edition MAN Media Personality Awards/ Presidential Media Luncheon, held in Lagos.

Francis Meshioye, the president of the association, and Segun Ajayi-Kadir, Director -General of MAN, emphasised that NAFDAC didn’t provide the Senate with empirical data showing the negative impacts of alcohol on children.

“Business is based on data and logic. Not sentiment. Data is key. Bring your data. Alcohol is not produced for children.

It is clearly written on the sacrhet it is for people 18+;  the companies producing them have done the campaigns; they have NAFDAC numbers. So NAFDAC should do its job.

They misled the Senate they didn’t give enough information to the Senate,” said Ajayi – Kadir.

Meshioye urges the government to prevail on the regulator to suspend the ban, because, “When manufacturing thrives, Nigeria thrives..when manufacturing wins, government wins.”

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