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Economic Collapse: NLC criticises NGF’s recommendations to FG

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Economic Collapse: NLC criticises NGF’s recommendations to FG

The Nigerian Labour Congress (NLC) has criticised  the Nigerian Governors Forum recommendations to the Federal Government on how to save the country from economic collapse.

The NLC President, Mr Ayuba Wabba said this in a letter addressed to President Muhammadu Buhari and made available to newsmen on Friday in Abuja.

The News Agency of Nigeria(NAN) reports that it was alleged that the governors had proposed the elimination of PMS subsidy/under-recovery estimated at N6-7 trillion.

They had also proposed early retirement of civil servants from age 50 and above and the implementation of the reviewed Oronsaye Report which suggests ending financing of government’s budgetary expenditures.

The governors also proposed putting a final stop to fuel subsidy, eliminating NNPC’s federation-funded projects, capping Social Investment Programme (SIP) and  National Poverty Reduction with Growth Strategy budgets at N200 billion among others

Wabba had described the governors’ recommendations to the Federal Government as insensitive, selfish and hypocritical.

“Your Excellency, while we do agree that the economy is in need of revitalisation, we are dismayed by some of the prescriptions of the governors as they smack of extreme selfishness and insensate cruelty.

According to him, the governors have canvassed for the premature termination of the appointments of public servants from age 50 and above in clear violation of their contracts of employment which is a subsisting law.

“We find this repugnant, shameful and utterly irresponsible. Aside from running contrary to your mission and principle of creating 100 million jobs.

”Aside from poverty intervention schemes,this policy is clear invitation to anarchy and damnation.

“Pursuant to this, if State Governors strongly believe that age 50 is the problem, we demand that all governors, public office holders and politicians above 50, as a mark of good faith, should immediately step aside.

”Leading by example would spur  public servants to take a cue.

“Beyond this however, implementation of this policy in the public sector will give a cue to the private sector to follow suit, with all its attendant devastating consequences,’’he said.

Wabba also said that Nigerian governors were famous for ”lavish spending and wastage” and there was no assurance that money saved from stopped oil subsidy would be channeled to good use.

He also said on the issue of removal of fuel subsidy that the congress found it ” unrealistic, insensitive and hypocritical.”

”We find it distasteful that petrol subsidies in Nigeria create distortions in the economy but they do the opposite in US or Western Europe.

“Truth is that removal of the little benefit the average person in Nigeria enjoys could lead to unintended consequences which we would be better off without.’’.

He, therefore, said that the solution to subsidy and the increasing deficits laid in domestic refining, effective management of Nigerian refineries.

Wabba added,” this also to create an enabling environment for effective and efficient public sector leadership in the building and management of local refineries.”

Wabba further described as ”heartless,” the recommendation that the planned 22 per cent salary increase for workers be put on hold due to the massive devaluation of the Naira.

“At over N600 to a dollar, the minimum of N30, 000 amounts to no more than $42.8 for a family of four for 30 days.

READ ALSO: NLC Set to Speak Language of Protest to FGN – Kaduna NLC boss

“The implication of this is all too clear to see already, with the rapidly rising crime wave, and the intensifying epidemic of insecurity.

“While we commend you for your thoughtfulness for a  wage increase, truth of the matter is that given the misfortune that has befallen the Nigerian populace, especially workers with fixed incomes.

“There is an urgent need for a massive intervention much deeper than the 22 per cent.

”We would recommend a 50 per cent salary review across the board given the realities on ground,’’he said.

On the recommendations for the introduction of  state sales taxes at 10 per cent, Wabba said that this seeks to make the poor pay more taxes while the rich pay little or nothing.

He added that this was clear violation of the well-known norm of the rich paying taxes to cover up for the poor, adding,” It is a global norm and practice.”

Wabba therefore called for a raise in taxes across the board for the rich, including increased taxes on luxury goods and lifestyles.

“Your Excellency, instead of embracing jobs termination which will compound the existing crises in our country, we should adopt the positives of retaining our best hands as a way of motivating the public service.

“We find ludicrous the recommendation for the expedited privatisation of non-performing assets because our privatisation story has been a sad and painful one that and hath no need of re-telling here.

“ It has been replete with asset-stripping, incapacity (financial, operational and management) and total failure.

“At a time most Nigerians are calling for a reversal, especially in the power sector, it is ill-advised to privatise more entities, ’’he said.

The NLC boss also said that one of the reasons why the economy was performing below expectation was ”due to the fact that TSA and IPPIS have been compromised negatively.

”Accordingly, we call for severe sanctions that will send a clear message to all that the practice of popular democracy is not synonymous with violation of extant laws or promotion of corruption.

“Closely-linked to this, is the cost of governance which comes in the twin form of unacceptable indulgences and celebration of greed to the detriment of the greater majority.

“ This leads to the promotion of negative values with collateral consequences.

”We need not remind you that we have enough resources to go round everyone one of us but for the expensive life style, the insatiable greed and the mischief of a select few.”

”In the light of this, we urge you to go forth and recover all the money cornered by the governors and any other public office holder, to the last kobo irrespective of party affiliation, creed or sex,’’he said.

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Middle East Crisis Forces DPRP to Buy More Crude Locally

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Dangote Refinery to Open Global Markets for Nigeria’s Downstream, Midstream Sectors

The raging US-Iran war which has continued to put pressure on the global oil markets has compelled refiners and traders to rethink traditional supply routes.

Consequently, the Dangote Petroleum Refinery & Petrochemicals (DPRP), has increased its sourcing of crude oil from Nigeria.

The development is providing support for Nigerian crude grades while reinforcing the country’s push to process more of its oil domestically. It comes amid shipping and cargo delivery records that revealed a total of 1.83 million metric tonnes of crude oil from Nigerian production streams in May 2026.

The deliveries, made through the refinery’s offshore Single Point Mooring terminals, SPM-C1 and SPM-C2, involved 15 crude cargoes sourced from some of Nigeria’s biggest oil-producing assets. The crude grades supplied to the facility included Qua Iboe, Bonny Light, Bonga, Forcados, Utapate, Okwori and Odudu.

The increased reliance on domestic feedstock underscores the growing role Nigerian crude is playing in sustaining operations at Africa’s largest refinery at a time of heightened uncertainty in the international oil market.

According to Bloomberg, the DPRP has stepped up purchases of Nigerian crude as overseas buyers scale back acquisitions of some West African grades amid concerns over Middle East oil supplies.

The shift has reportedly helped strengthen premiums for Nigerian crude relative to Angolan grades, highlighting how geopolitical tensions are beginning to reshape long-established trading patterns.

The report read, “Nigeria’s massive Dangote refinery is boosting purchases of the country’s crude, helping to stem waning demand for grades from West Africa in light of uncertainty over the resumption of oil shipments from the Middle East.

“Dangote’s ramp-up in buying has boosted the price of Nigerian crude grades compared with those from Angola. The two countries make up the backbone of West Africa’s oil market but have seen premiums for their physical crude grades take different directions as the Iran war drags on.”

Beyond the immediate effect on crude pricing, the trend reflects a deeper transformation within Nigeria’s oil industry.
For decades, Nigeria exported most of its crude oil while depending heavily on imported refined petroleum products to meet domestic demand. The establishment of the $20bn DPRP was intended to reverse that trend by creating sufficient local refining capacity to process a significant share of the country’s crude output.

Now, with global energy supply chains under pressure from the Iran conflict and concerns over the security of key shipping routes, the refinery is emerging as one of the largest domestic buyers of Nigerian crude.

The development could help retain more value within the Nigerian economy through increased local processing while reducing the country’s exposure to volatile international fuel markets.

The refinery’s growing appetite for Nigerian crude comes at a time when it is expanding its operational capacity. Earlier this month, the company announced that it had processed 700,000 barrels of crude oil per day during a performance test, surpassing its official nameplate capacity of 650,000 barrels per day.

The feat marked the first time the facility had exceeded its installed capacity and further cemented its status as the largest refinery on the African continent. The company is also seeking to raise approximately $1bn through a private placement ahead of a planned public listing, in a move expected to value the business at about $39.1bn.

ALSO READ: SERAP Sues NNPC Ltd over ₦5.9bn Incorporation, Rebranding Expense

In addition, the refinery’s influence is increasingly extending beyond Nigeria’s borders. Exports of petrol, diesel and aviation fuel from the facility have expanded across African markets and into other international destinations, helping to reduce the continent’s dependence on fuel imports from Europe and the Middle East.

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SERAP Sues NNPC Ltd over ₦5.9bn Incorporation, Rebranding Expense

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The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Nigerian National Petroleum Company Limited (NNPC Ltd) to court over the oil major’s failure to account for approximately ₦5.9 billion expended its incorporation, transition and rebranding from the NNPC into NNPC Ltd.

According to the SERAP, the NNPC Ltd paid over ₦2.9 billion for incorporation expenses from petroleum product proceeds, while the National Petroleum Investment Management Services also charged a similar amount against the crude oil revenue for the same purpose, bringing the total to ₦5.9 billion.

Consequently, the organisation is seeking “an order of mandamus to direct and compel the NNPCL to account for about ₦5.9 billion allegedly spent on the rebranding of the NNPC to the NNPCL.”

It is also asking the court to “direct and compel the NNPCL to provide a comprehensive reconciliation statement detailing the specific financial transactions relating to the ₦5.9 billion expenditure, including the identities of the contractors involved, and how the funds were utilised for the rebranding of NNPC to NNPCL.”

ALSO READ: Osun Accuses MURIC of Misinformation Campaign

The SERAP further asked the court to “direct and compel the NNPCL to disclose the names and official positions of the government officials who authorized and approved the release and expenditure of the ₦5.9 billion reportedly spent on the rebranding of NNPC to NNPCL, and to clarify whether the expenditure complied with applicable procurement laws and due-process requirements.”

The order of mandamus is contained in suit number FHC/ABJ/CS/1248/2026 filed at the Federal High Court in Abuja, according to a statement issued on Sunday by the NGO’s Deputy Director, Kolawole Oluwadare.

Filed on behalf of the SERAP by its lawyers, Oluwakemi Agunbiade, Kehinde Oyewumi and Andrew Nwankwo, the suit also noted that the Senate Committee on Public Accounts reportedly raised concerns over the expenditure described as incorporation and transition costs during the transformation process.
“The Committee described the spending of the ₦5.9 billion as excessive, unjustifiable, and deserving of further explanation, investigation, and legislative scrutiny in the public interest,” the SERAP noted.

The SERAP argued that there is a legitimate public interest in the disclosure of the details sought.
“The NNPCL has a legal responsibility to explain whether the ₦5.9 billion expenditure represents value for money, constitutes lawful spending of public funds, and complies with applicable due process requirements.

“There ought to be full transparency and accountability regarding the reported ₦5.9 billion spent on rebranding NNPC to NNPCL. Nigerians have the right to know who approved the expenditure, who received the funds, the nature of the services rendered, and whether due process and procurement requirements were strictly followed,

“The disclosure of the identities of the officials involved and the processes followed in approving the expenditure would enable the public to assess whether the expenditure was properly authorized, represented value for money, and was undertaken in accordance with due process and procurement requirements,” it said.

It added that, given the size of the expenditure, there is “an urgent need for a prompt, thorough, and transparent disclosure of the details surrounding the spending of the funds.”

It further stated that “the failure to account for the spending of the ₦5.9 billion on rebranding from NNPC to NNPCL reflects a failure of NNPCL accountability more generally and is directly linked to the institution’s continuing failure to uphold transparency and accountability principles.”
The SERAP added that the transformation of the national oil company from the NNPC to the NNPC Ltd followed the Petroleum Industry Act (PIA) 2021, which required it to become a commercially oriented limited liability company fully owned by the federal government.

It also cited constitutional and international provisions, including Section 13 and Section 15(5) of the Constitution, as well as Articles 5 and 9 of the UN Convention against Corruption and Article 21 of the African Charter on Human and Peoples’ Rights, to support its arguments.

No date has been fixed for the hearing of the suit.

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Osun Accuses MURIC of Misinformation Campaign

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Four gang-killed two in Osun, destroy N8M properties

The attention of the Osun State Government has been drawn to a statement by the Executive Director of the Muslim Rights Concern (MURIC), Professor Ishaq Akintola, accusing Governor Ademola Adeleke of marginalising Muslims in his administration.

The State Government in a statement issued by the Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi charged Professor Akintola to be guided by the Quran and Hadith of Prophet Muhammad in his engagement with the Osun State Government.

“We believe Professor Akintola acted on misinformation or he is actively an agent of misinformation. Governor Adeleke is a strong believer who relates well with people of all faiths, in line with the inclusive leadership example of Prophet Muhammad (SAW). His administration has appointed qualified Muslims to key positions.

For the record, Governor Adeleke appointed Alhaji Teslim Igbalaye as Secretary to the State Government and Alhaji Kazeem Akinleye, a student of Sheikh Kamaludeen Al-Adabiyy in Ilorin, as Chief of Staff. His Spokesperson is a known Mallam of Tijaniya extraction. The Commissioner for Information is alone a deep muslim of Al-Adabiyy extraction. Several other Muslims are also serving as commissioners and heads of agencies, alongside qualified appointees of other faiths.

This administration commenced construction of the Osun Hajj Camp, ending Osun’s status as the only Southwest state without one. The governor also approved a mosque in the Government House for Muslim staff.

We urge Professor Akintola to verify facts before going public, as admonished in Qur’an 49:6.

ALSO READ: Nigeria’s Crude Output Grows to 12m Barrels on Utapate, Cawthorne

He should also assess government performance using verifiable data on budget execution, debt management by the DMO, and healthcare, where Osun was rated best in the Southwest for primary healthcare in 2024 and 2025.

Elections should be about jobs, security, infrastructure, healthcare, and education, not identity politics.

“We expect MURIC to judge this administration by its record of service to all citizens, Muslim and non-Muslim alike”.

Rather than feign his political attack with religious coloration, Professor Akintola should be courageous to declare his partisan interest in the opposition APC and stop using religion to do hatchet job politics.

We challenge MURIC to openly condemn the shooting of law-abiding residents (Muslims and non Muslims) of the state by APC thugs in branded APC campaign vehicles in Ile-Ife, Akoda, Owode-Ede and Osogbo, to disprove the allegation that he’s been paid by the opposition to attack Governor Ademola Adeleke.

Rather than spreading baseless misinformation, we are also of the opinion that MURIC should be more interested in cases like the sudden addition of ‘Munirudeen’ to the names of the Osun APC Governorship candidate, a name which was missing from his primary, secondary and university certificates.

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