Connect with us

NEWS

BREAKING: What Nigeria Can Learn From Egypt – Obi

Published

on

 

Nigeria can draw lessons from her north African neighbours, Egypt in solving the perennial power supply crisis, which has become “a lethal recipe for widespread business failure and increasing poverty”.

This is the view of the presidential candidate of the Labour Party in Nigeria’s 2023 election, Peter Obi.

Obi took to his verified handle on micro-blogging site, X, on Saturday to decry “The negative impact of the continued power outage on businesses, especially small businesses, who depend primarily on public power supply to sustain their businesses as a means of livelihood”.

ALSO READ: BREAKING: Atiku Laments Complete Blackouts In Certain Regions Of Nigeria

The former Governor of Anambra State counselled that Nigeria can learn from Egypt in tackling the challenge.

“Our African neighbour, Egypt, for example, invested aggressively in their power sector, which resulted in the establishment of a sustainable power infrastructure by way of many power stations,” Obi asserted.

Obi wrote, “The continued power outages in many parts of the country, particularly in the Northern and Eastern States, as well as South-South states, have remained a cause of grievous concern.

“It is heartbreaking to see that the affected states, majorly in the Northern parts of Nigeria, have been facing a total blackout for several days now.

“The negative impact of the continued power outage on businesses, especially small businesses, who depend primarily on public power supply to sustain their businesses as a means of livelihood, is unimaginable.

“This power crisis, when combined with the present high cost of petroleum products and a harsh operating environment, remains a lethal recipe for widespread business failure and increasing poverty in the country.

“I have consistently maintained that solving Nigeria’s power and energy crisis is not rocket science.

“Many of our comparable peer nations have demonstrated how possible it is to provide sustainable power for their citizens.

“Our African neighbour, Egypt, for example, invested aggressively in their power sector, which resulted in the establishment of a sustainable power infrastructure by way of many power stations. Today, Egypt has revolutionized power and energy production in the country, providing sustainable power to millions of small businesses, which account for over 90% of active enterprises in the country and contributes to over 80 percent of their GDP.

“My sincere thoughts are with everyone enduring these tough times in our nation.

“I call on the government to ramp up efforts and provide both immediate and long-term solutions to this seemingly perennial challenge.

“With adequate power supply, a New Nigeria is POssible. -PO”

NEWS

Fuel Price Shock: Nigerians May Soon Pay ₦1,500 Per Litre – Marketers Warn

Published

on

Oil marketers have warned that Nigerians may soon pay as much as ₦1,500 per litre for Premium Motor Spirit (PMS), commonly known as petrol, as global oil prices surge following the escalating conflict involving Iran in the Middle East.

The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr. Billy Gillis-Harry, issued the warning on Tuesday while speaking on a television programme on the impact of the global crisis on fuel prices.

According to him, the current volatility in the international oil market has already pushed petrol prices above ₦1,000 per litre at the depot level, with the ex-depot price from the Dangote Petroleum Refinery now standing at about ₦1,175 per litre.

He explained that once logistics, transportation, and other operational costs are added, the final pump price could rise significantly, possibly reaching ₦1,500 per litre in the near future.

Despite concerns about the rising cost of fuel, Gillis-Harry noted that steady availability of petroleum products from the Dangote Refinery remains a major relief for Nigeria, stressing that consistent supply is better than a nationwide fuel scarcity.

He added that the refinery’s production capacity is helping to stabilize supply across the country at a time when global markets remain highly unstable.

The latest price adjustment by the Dangote Refinery marks the fourth review within two weeks. Petrol prices increased from ₦995 per litre to ₦1,175 per litre, while diesel rose from ₦1,430 to about ₦1,620 per litre.

The development comes amid a sharp spike in international crude oil prices triggered by fears of supply disruptions due to the ongoing Middle East conflict.

Brent crude recently climbed above $102 per barrel, while West Texas Intermediate (WTI) rose to around $101 per barrel.

Industry analysts say the rising oil prices are already having a ripple effect on Nigeria’s downstream petroleum sector, forcing depot operators and fuel marketers to adjust their prices in response to the global market trend.

Meanwhile, the management of Dangote Petroleum Refinery has stated that although Nigeria introduced a crude-for-naira arrangement to support local refineries, the facility still purchases crude oil at international market prices, leaving it exposed to global price fluctuations.

 

Continue Reading

NEWS

Global Crisis: Attacks on Schools Skyrocket 166% – UN Sounds Alarm on Children’s Safety

Published

on

The United Nations has raised the alarm over a dramatic surge in attacks on schools worldwide, reporting a 166% increase between 2021 and 2024.

The rise highlights the escalating dangers faced by children in conflict zones.

United Nations Deputy High Commissioner for Human Rights, Nada Al-Nashif, revealed the figures during the annual meeting of the UN Human Rights Council on the rights of the child on Monday.

SEE MORE: The African Union and the United Nations sign an Agreement on preventing and responding to sexual violence in Africa

The session, themed “Mainstreaming the Rights of Children in Armed Conflict: Prevention and Protection,” focused on protecting children amid global conflicts.

Al-Nashif noted that the attacks were particularly concentrated in Sudan, Ukraine, the Gaza Strip, Myanmar, and Ethiopia, where children remain among the most vulnerable victims.

“In 2024, armed conflict directly affected nearly one in six children globally—about 470 million children,” she said. “Years of lost education, trauma, and lasting mental scars shape societies for generations. Long after the fighting subsides, children continue to face deadly risks.”

She highlighted Gaza as having the world’s highest number of child amputees per capita, warning that the impact of war goes far beyond immediate violence.

In Lebanon, government figures show that more than 450,000 people were displaced in less than a week, with at least 394 fatalities, including 83 children, during the 2024 conflict with Israel.

Al-Nashif also stressed the disproportionate risks for displaced children, who are more likely to die from disease linked to unsafe water and sanitation than from direct violence.

In the Democratic Republic of Congo, a 2025 cholera outbreak killed 340 children, underscoring the long-term consequences of conflict.

She called on states to uphold their international obligations to protect children, insisting that protecting children is “both a legal obligation and a humanitarian moral imperative.”

Also speaking at the council, Vanessa Frazier, Special Representative of the UN Secretary-General for Children and Armed Conflict, warned that violence against children continued at extreme levels in 2025.

She urged mainstreaming child protection across peace, security, humanitarian, human rights, and development efforts, emphasizing that children should actively participate in shaping policies designed to safeguard them.

Frazier highlighted her office’s global campaign, “Prove It Matters,” aimed at amplifying children’s voices in conflict resolution and peacebuilding.

The UN report underscores the urgent need for coordinated international action to protect children and ensure their safety in conflict zones worldwide.

Continue Reading

International News

After Turbulent Elections, Portugal Swears In Seguro as President

Published

on

Portugal officially inaugurated its new president, Antonio Jose Seguro, on Monday, pledging to bring stability to a nation shaken by political uncertainty and natural disasters.

Seguro, the centre-left candidate, won last month’s presidential run-off against far-right rival Andre Ventura, following weeks of catastrophic storms that killed at least seven people and caused approximately €4 billion ($4.6 billion) in damage.

Speaking at his swearing-in ceremony in Lisbon’s parliament, Seguro emphasized cooperation with the minority right-wing government and vowed to end the country’s “electoral frenzy.”

SEE MORE: Spain, Portugal Plunge Into Darkness Amid Widespread Power Outage

“I will do everything I can to put an end to this electoral frenzy,” he said, pointing to the inability of previous governments to complete their terms.

Amid global crises, including conflicts in the Middle East and a more isolationist US approach under President Donald Trump, Seguro stressed the importance of multilateralism.

“The force of law has been replaced by the power of the strongest,” he remarked.

Seguro succeeds Marcelo Rebelo de Sousa, a conservative who leaves office at 77 after serving two five-year terms.

While the Portuguese presidency is largely ceremonial, Seguro’s leadership signals a commitment to political stability and international engagement.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

0
Would love your thoughts, please comment.x
()
x