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El-Rufai, marketers subsidy payment claims wrong – FG, NNPC

The Federal Government through its Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited have stated that the various claims by different individuals and groups on the alleged return of subsidy on Premium Motor Spirit, popularly called petrol, were wrong.
The government also challenged those who make this argument to provide evidence to justify their allegations, stressing that since President Bola Tinubu had declared the end of subsidy on petrol, the situation remains so.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, stressed that fuel subsidy was a sensitive issue, but noted that the government had made its position known on the matter.
When contacted for the reaction of the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, on the matter, his media aide, Nneamaka Okafor, provided a video clip where her boss reacted to the claims of the former Kaduna governor and marketers.
In the clip, Lokpobiri insisted that petrol subsidy had ceased to exist, and urged those who alleged that the government was still subsidising the commodity to provide evidence and facts.
The minister said, “I don’t want to delve into that issue. It is a very sensitive issue. It is better we get all the facts. As far as I’m concerned, the President removed the subsidy and it remains removed till today. Anybody who is saying that subsidy is being paid, it is left for the person to bring the facts and then we will talk about them.”
Asked whether the price being paid for petrol currently is determined by market forces, the minister replied, “It may not be determined by market forces but let us deal with the price as it is today.
“Every government has a duty to do certain things, not only in the petroleum sector but in several other sectors, to be able to cushion the effect and burden on Nigerians.”
The NNPC also said it was recovering its full cost on the petroleum products that it imports into Nigeria, and insisted that there was nothing like petrol subsidy any more. NNPC is the sole importer of petrol into Nigeria currently.
Their comments came as oil marketers backed the claim by the immediate past Governor of Kaduna State, Nasir El-Rufai, that the Federal Government had resumed the payment of subsidy on Premium Motor Spirit also called petrol.
Oil dealers also pointed out that the current cost of PMS at filling stations should be around N900/litre if there were no subsidy on the commodity.
This price, according to them, is because of the recent appreciation of the naira against the United States dollar.
The pump price of petrol is currently between N600 and N700/litre depending on the area of purchase.
El-Rufai had told journalists in Maiduguri on Monday that many citizens were not aware that the government had reintroduced the PMS subsidy.
“The Federal Government is now subsidising fuel; many people don’t know this. It is the right policy. I have always supported the withdrawal of oil subsidies; but in the course of implementing the policy, the government realised that subsidy has to be back; right now, the government is paying a lot of money for subsidy, even more than before.
“You start implementing a policy because you are sure it is the right policy, but in the course of implementation, you come across bottlenecks, and you modify.
“The keyword in leadership, in my view, is pragmatism. You should be pragmatic. So when you make a policy, you start implementing it, and it doesn’t seem to work well. You should have the humility to stand back and say this is not working, and you modify it,” the former governor stated.
Marketers back El-Rufai
Reacting to this on Wednesday, oil dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria, stated that what the former governor said was not far from the truth.
They argued that the subsidy on petrol kept rising as the exchange rate of the United States dollar increased, stressing that the government spent more on the PMS subsidy at the time the dollar exchanged for about N1,500.
The marketers, however, noted that since the local currency started appreciating against the dollar, the subsidy on PMS had been on the decline.
This, according to them, is because the dollar remains the major component that influences the cost of petrol, as Nigeria imports the commodity through NNPC Ltd.
The Public Relations Officer, IPMAN, Chief Ukadike Chinedu, told our correspondent that petrol prices at the pumps should be around N900/litre.
“I’ve said before that the PMS subsidy had been returned, and the government said it was a lie. I said before that the government is subsidising PMS and it is on till this moment. I said before that what the government was doing was quasi-subsidy and that has not changed,” Ukadike stated.
When asked what would have been the landing cost of petrol at the depots and tank farms if there was no subsidy on the commodity, he replied, “Going by the steady appreciation of the naira against the dollar lately, the amount being spent as subsidy on petrol should be on the decline.
“Since the dollar is currently around N1,000, then PMS landing cost should be around N800/litre, while the cost at the pumps should be nearing N900/litre.”
No subsidy, NNPC insists
But the Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye, insisted that the national oil firm had stopped subsidising petrol.
News
2027: Hurdles Before The Coalition, By Emeka Monye

The 2027 presidential election in Nigeria is shaping up to be a crucial contest between the ruling All Progressives Congress (APC) and a potential coalition of opposition parties. Several hurdles need to be overcome for the opposition coalition to succeed.
The political class is already preparing for this quadrennial event, holding consultations, meetings, negotiations, among other contending factors.
The ruling party, The All Progressive Congress, appears to be the most beautiful bride at the moment as members of other opposition parties have been courting the party, in a gale of defections, in what many political pundits and analysts described as a political tsunami.
While the APC seems to be enjoying the foray of defections by other party members into their fold, the main opposition party, The Peoples Democractic Party, PDP, appears to have lost its steam in the run of play.
The once dominant party is plagued by a series of internal crises which many political analysts believe will be the party’s undoings.
The once largest political party in Africa and oldest in Nigeria since it was created in 1998 by some elder statesmen, is now a shadow of itself, living in past glory and trying to win its way back to national prominence.
Already, some past and present leaders of the party have been consulting, negotiating, discussing, even though they have agreed yet, all in a bit to wrestle power from the stronghold of the Bola Tinubu-Led APC at the centre.
Former Vice President Atiku Abubakar, Former Presidential Candidate of the Labour Party in the 2023 General elections, Peter Obi, former Governor of Kaduna state, Nasir El-Rufai, among other bigwigs, are believed to be in talks with one another of how to build a possible coalition to edge the ruling APC in the power game.
Although, no concrete decision has been reached by the major actors, their negotiations and their inability to reach a consensus remain critical factors that might endanger the birth of a viable coalition.
Factors like who will step down for who as the realignment begins, remains a major issue, taking into consideration their individual experiences, exposures, skills, knowledge, capacities and egos.
Except this issue is resolved in the run up to the 2027 presidential polls, it will be a mirage for them to unseat the Tinubu-Led government.
While the running party is busy strategizing ahead of the 2027 presidential polls, the other parties are still grappling with their internal crisis.
Some analysts believe that Atiku’s past experience as Vice President under the regime of Olusegun Obasanjo, might give him an edge, while others think Peter Obi’s popularity in the South could bring a geographical balance to the ticket.
For them to form a strong force against the APC, then, they must find common platform and agree on a candidate, which might be challenging given their different ideologies and interest.
Other factors which some political analysts have highlighted that may pose as a stumbling block agents the coalition is the timing. The time between and 2027 is quite a short time for the coalition to gather and make the desired impact.
This of course, is no brainer. Any merger of alliance must be arranged within a reasonable timeframe to be effective. Also, the coalition will have to convince the Nigerian voting public of its purpose and demonstrate a clear vision for the country’s future, particularly in the area of addressing the economic misfortunes of majority of the people. Another hurdle that would be staring the coalition in the face remains the issue of power rotation.
While the south believe it’s that turn to complete their second term in 2027, the north on the other hand argue that they have been short-changed in the governance structure of the country – in terms of number of years – since the return of democracy in 1999.
Out of the total 26 years, the north has ruled for 11 years, with the south 15 years. The issue remains a key factor that would affect the coalition to birth.
The coalition, must as a matter of urgency, decency decide on this unwritten agreement about rotating power between the North and the South, potentially present a southern for one term to allow the South to complete its own two terms for the office of the president.
In conclusion, the coalition, if it really wants to win power in 2027, must make a compelling case for itself, highlighting its unique strengths and vision, rather than just criticizing the incumbent.
It needs to differentiate itself and show Nigerians that it has a better alternative.
Emeka Monye Is A Journalist And Works With ARISE NEWS.
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Mauritania’s Tah succeeds Adesina as 9th AfDB President
Tah was elected to succeed Adesina after rounds of voting conducted by the AfDB Board of Governors during the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire.

Mauritania’s Sidi Ould Tah has been elected as the ninth president of the African Development Bank Group (AfDB) as Nigeria’s Akinwumi Adesina prepares to bow out.
The Bank announced his election on its website on Thursday.
Adesina’s 10-year tenure will end this year and Tah is expected to assume office on September 1, 2025.
Tah was elected to succeed Adesina after rounds of voting conducted by the AfDB Board of Governors during the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire.
The Board comprises finance ministers and central bank governors from the Bank’s 81 member countries.
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JUST IN: Appeal Court Affirms Okphebholo as Edo Governor

The Court of Appeal in Abuja has affirmed Monday Okphebholo as duly elected in the September 21, 2024 Edo Governorship polls, as it affirms the decision of the Tribunal which on April 2 dismissed the petition of Asue Ighodalo of the People’s Democratic Party (PDP) for lacking merit.
A three-man panel of the Appeal court, presided over by Justice Mohamed Danjuma, restated the position of the Tribunal which held that the PDP failed to provide sufficient and credible evidence to substantiate their claims of electoral malpractice, irregularities, and non-compliance with the Electoral Act.
The panel held that the PDP failed to provide sufficient and credible evidence to substantiate their claims of electoral malpractice, irregularities, and non-compliance with the Electoral Act.
The Appellate Court agrees with the Tribunal that the Bimodal Voter Accreditation System (BVAS) Machines which the appellants tendered were merely ‘dumped’ as they weren’t demonstrated to prove overvoting.
This the Court held after it earlier expunged the 133 BVAS machines admitted in evidence at the Tribunal stage of the Governorship tussle.
Ighodalo and the PDP were further faulted by the Appellate Court for failing to tender the voter register to prove overvoting.
The Court further adds that BVAS extract doesn’t constitute items with which to prove overvoting. It says the documents tendered by the PDP at the Tribunal did not, on their own, prove overvoting, non-holding or cancellation of elections at the polling units.
To further puncture the case of the PDP, the panel says the 19 witnesses called by the appellants during the Tribunal hearing didn’t help their case.
It says the majority of them did not witness what they spoke about. Moreso, it adds they were insufficient to prove irregularities in polling stations at over 4,000 locations.
Nigeria’s electoral body, INEC, had declared Okpebholo the winner with 291,667 votes, against Asue Ighodalo of the PDP who garnered 247,274 votes.
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