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MAN says hike in petrol price inevitable

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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.

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Akwa Ibom APC Adopts Governor Umo Eno for Second Term Bid

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The All Progressives Congress (APC) in Akwa Ibom State has thrown its weight behind Governor Umo Eno as its candidate for the 2027 governorship election, paving the way for his second-term ambition under the ruling party.

Governor Eno, who defected from the Peoples Democratic Party (PDP) to the APC in 2025, formally submitted his nomination and expression of interest forms for the APC governorship primaries in early May 2026. He described the second term as necessary to complete ongoing projects and consolidate the gains of his ARISE Agenda.

Speaking after submitting the forms in Abuja, Governor Eno called on APC members to support his nomination during the primaries, expressing confidence that his administration’s developmental strides would earn him the party’s backing and the people’s mandate.

“I have just submitted the nomination form. We call on members of APC to support our nomination during the primaries, as we will continue to pray and trust God for more development to thrive in the state,” he said.

Several APC stakeholders and local government chapters in the state have already endorsed Governor Eno’s second-term bid, describing it as a move for continuity and project completion. The governor has repeatedly highlighted numerous ongoing infrastructure and developmental initiatives that require additional time to deliver maximum impact.

The development marks a significant political realignment in Akwa Ibom, as Eno positions the state under the APC platform ahead of the 2027 elections.

Party sources indicate that the APC leadership is working towards a smooth process for the governor’s emergence as the party’s flag bearer, though the formal primaries are yet to be held.

Governor Eno was first elected in 2023 under the PDP before switching to the APC.

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Lagos Captures 6.4 Million Residents in Major Digital Identity Drive

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The Lagos State Government has successfully registered over 6.4 million residents into its digital identity database, marking a significant milestone in its efforts to enhance governance, planning, and public service delivery.

The achievement was announced under the Lagos State Residents Registration Agency (LASRRA) and the Lagos Identity Card Project (LAG ID). According to officials, the initiative aims to create a comprehensive, reliable database of residents to improve targeted service delivery, urban planning, and overall governance efficiency.

Commissioner for Science, Technology and Innovation, Mr. Olatunbosun Alake, who provided the update, described the Lagos Identity Card Project as a critical tool for the state’s digital transformation agenda. He emphasized that the captured data will support better resource allocation and more effective delivery of government services.

The exercise forms part of Lagos State’s broader push toward a digital economy, enabling smoother access to services such as healthcare, social welfare, transportation, and other citizen-centric programmes. Officials noted that the database will help in accurate planning for infrastructure and social interventions.

With Lagos being Nigeria’s most populous state, estimated to have over 20 million residents, the registration of 6.4 million people represents a substantial step forward, though authorities say efforts are ongoing to capture more residents.

The state government has reiterated its commitment to data-driven governance and urged residents yet to register to take advantage of the ongoing exercise for better inclusion in government services.

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EFCC Invasion Forces Uni. Uyo Teaching Hospital to Suspend Operations (Video)

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Operations at the University of Uyo Teaching Hospital (UUTH) were dramatically disrupted on Wednesday after operatives of the Economic and Financial Crimes Commission (EFCC) allegedly invaded the facility, detained some management staff, and assaulted others, prompting the hospital to suspend services.

The Chief Medical Director of UUTH, Dr. Emem Bassey, told journalists that the unannounced raid created a hostile environment, forcing the hospital management to halt clinical services to ensure the safety of both staff and patients. The Accident and Emergency Unit, however, remains operational.

Dr. Bassey expressed disappointment over the incident, noting that the hospital had maintained cordial relations with the EFCC and was fully cooperating on the matter under investigation. He revealed that the requested report had already been prepared and was awaiting his signature when the operatives arrived.

“The use of force and detention of staff was unnecessary,” Dr. Bassey said. “Dialogue would have resolved this issue peacefully.”

Professor Eyo Ekpe, Deputy Chairman of the Medical Advisory Council, who was reportedly among those assaulted, described the EFCC’s action as an “unprovoked invasion.” He claimed he had shown the team leader the completed report before the situation escalated into violence.

The hospital management has called for an independent investigation into the incident and urged the EFCC to use proper channels when engaging with public institutions.

In an earlier statement, the EFCC said its operatives were attacked and trapped inside the hospital while conducting an operation linked to an ongoing fraud investigation. The case reportedly involves a suspect accused of defrauding multiple microfinance banks in Akwa Ibom State.

The development has raised concerns about the impact on healthcare delivery in the region, with patients and staff caught in the middle of the confrontation between the anti-graft agency and the hospital.

As of Thursday, normal services at the hospital remained suspended pending further resolution.

Watch Video below:

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