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FG Cannot Finance Subsidies – Mele Kyari

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Amidst the ongoing fuel crisis, a meeting took place at the Presidential Villa on Tuesday, where Bola Tinubu, the Chief Executive Officer of the NNPCL, Mele Kyari, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, along with others, convened.

 

Following the meeting, Kyari addressed reporters and made a declaration that the Federal Government would no longer be able to finance subsidies.

 

He emphasized that the government had accumulated a debt of N2.8tn to the company, representing the amount spent on petrol subsidies.

 

Kyari said “Today, we are waiting for them to settle up to N2.8tn of NNPC’s cash flow from the subsidy regime and we can’t continue to build this,”

 

Supporting the position of the President, Kyari put forth his argument that the continuation of subsidy payments had become unsustainable, as it posed challenges for the company in financing its essential operations.

 

He said, “Since the provision of the N6tn in 2022, and N3.7tn in 2023, we have not received any payment whatsoever from the Federation. That means they (Federal Government) are unable to pay and we’ve continued to support this subsidy from the cash flow of the NNPC.

 

‘’That is when we net off our fiscal obligations of taxes and royalty, there’s still a balance that we’re funding from our cash flow. And that has become very, very difficult and affecting our other operations.

“We’re not able to keep some of this cash to invest in our core businesses. And the end result is that it can be a huge challenge for the company and we have highlighted this severally to the government that they must compensate and NNPC they must pay back an NNPC for the money that we have spent on the subsidy.”

Kyari expressed his dissatisfaction with the federation’s inability to settle the outstanding N2.8 trillion subsidy bill.

 

He acknowledged that the reemergence of petrol queues across the country was expected, as marketers sought to comprehend the implications of the President’s statement that “subsidy is gone.”

 

The uncertainty surrounding this announcement led to consumer panic-buying, resulting in long queues at petrol stations.

 

In an effort to alleviate the impact of subsidy removal, Kyari assured the Nigerian public that the government would implement measures to mitigate the effects.

 

Faruk Ahmed, the CEO of the Nigerian Mainstream and Downstream Regulatory Authority, also joined Kyari and emphasized that the federal government would not impose any price cap on the sale of petroleum products within the country.

 

Acknowledging that the President’s announcement had led to long queues forming at filling stations, Kyari reassured Nigerians that the company had ample storage and supply of Premium Motor Spirit (PMS) for over 30 days urging citizens not to engage in panic buying.

 

Kyari further mentioned that the company was in talks with the Nigeria Midstream and Downstream Petroleum Regulatory Authority to establish a framework for implementing the removal of the PMS subsidy, as announced by the President.

 

 

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PTDF Succour 15,000 Nigerians with Scholarships

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The Petroleum Technology Development Fund (PTDF) said it has sponsored nearly 15,000 Nigerians for studies at home and abroad, with 1,571 scholars currently studying in 15 countries, as of July 2026.

This is as the Fund is now asking the United Kingdom (UK) to help address visa rejections, high tuition fees and the monitoring of its scholars, which it says are putting pressure on the programme.

The executive secretary of the Fund, Prof Shu’aibu Shehu Aliyu, made the request on Tuesday at a meeting with the British High Commissioner to Nigeria, Pete Vowles. The meeting was held at the General Shehu Musa Yar’adua University of Geological Sciences and Engineering Technology, Kaduna.

According to Aliyu, the Fund had sponsored the beneficiaries through its Overseas Scholarship Scheme and In-Country Scholarship Scheme, for undergraduate and postgraduate studies.

He said that as of July 2026, 1,571 scholars were studying in 15 countries and more than 120 partner institutions. He added that demand for PTDF scholarships was still rising.

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The executive secretary said the UK had for decades been the Fund’s main partner in building skills for Nigeria’s energy sector.

He said the PTDF worked with 24 British universities, including Robert Gordon, Strathclyde, Portsmouth, Aberdeen, Newcastle, Birmingham, Glasgow, Leicester, Liverpool and Manchester.

He said the partnership had helped train thousands of Nigerian engineers, geoscientists, researchers and energy professionals.

Aliyu also said the Fund worked with institutions in Germany, France and Malaysia, where it sought cheaper ways to train Nigerians. He said the Fund still wanted to keep its long-standing ties with the UK.

The ES told the High Commissioner that the Fund was facing problems with its UK partners. He listed these as tuition fees that were high compared with other European countries, and visa rejections.

“I would like to take this opportunity to highlight several challenges we are facing with our UK partners for the High Commissioner’s attention,” he said.

He said the Fund also wanted a plan to monitor its scholars in the UK, with support from the UK government and the host universities.

Aliyu did not give figures for the fee increases or the number of visa rejections.

In response, Vowles said the British High Commission understood the difficulties, especially those linked to visas and increases in tuition fees.

“We will take these concerns away as a team and communicate them to the relevant stakeholders within the UK system,” he said.

The High Commissioner said the PTDF and the High Commission had worked together to simplify the process. He said the PTDF’s recognition as a government-approved sponsor was expected to help.

“Having the PTDF recognised as a government-approved sponsor will hopefully make the process much smoother,” he said.

He did not promise any change in fees or visa rules.

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Lagos Warns Hospitals Against Denying Emergency Care Over Payment

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Lagos to Tackle Health Tourism with World-Class Health System — Sanwo-Olu

The Lagos State Government has warned healthcare providers against denying emergency medical treatment to patients because of financial constraints, insisting that patients must be stabilised before payment or health insurance details are discussed.

Governor Babajide Sanwo-Olu gave the warning on Wednesday while flagging off the enforcement of Executive Order EO/BOS/01 of 2024 and unveiling the Lagos Private Health Plans (LPHP).

The governor said the policy was designed to protect residents from the financial burden of unexpected medical expenses and ensure that access to healthcare does not depend solely on their ability to pay when illness or an emergency occurs.

SEE MORE: Sanwo Olu, Oba Of Elegushi Told Us They Don’t Know Sam Larry – Police

“We are also setting a firm boundary for all healthcare providers, no hospital in Lagos is permitted to turn away anyone needing emergency care due to financial constraints,” Sanwo-Olu said.

“Patients must be stabilized first before any payment or insurance details are discussed,” he added.

Under the arrangement, Lagos residents have until December 31, 2026, to obtain health insurance coverage, with formal enforcement scheduled to begin on January 1, 2027.

Explaining the need for the policy, the governor said rising healthcare costs had made reliance on direct payments during emergencies increasingly difficult for families.

“Healthcare costs are rising rapidly and relying on cash payments when an emergency strikes simply does not work,” he said.

“We are changing that system today so that quality care is accessible to all without putting your life savings at risk.”

The initiative introduces the Lagos Private Health Plans to extend insurance coverage to salaried workers and corporate organisations, complementing the existing Ilera Eko scheme, which caters to vulnerable residents and people working in the informal sector.

According to Sanwo-Olu, 21 Health Maintenance Organisations (HMOs) have already joined as partners to expand coverage across the private sector.

Lagos Increases Health Equity Fund to ₦3bn

As part of efforts to ensure that low-income residents are not excluded from healthcare coverage, the state government has increased its Health Equity Fund from ₦1 billion to ₦3 billion.

Sanwo-Olu said the expanded fund would enable the government to pay insurance premiums directly for more than 500,000 residents who cannot afford coverage on their own.

“To ensure no one is left behind, we tripled our Health Equity Fund from ₦1 billion to ₦3 billion,” he said.

“This allows us to pay premiums directly for over 500,000 residents who cannot afford insurance on their own.”

The governor also emphasised that employers must take responsibility for the healthcare coverage of their workers, describing it as a mandatory obligation comparable to pension contributions.

“To our business owners and employers, employee healthcare is not an optional extra, it is a mandatory responsibility just like pensions,” he said.

He added that strengthening healthcare financing would help retain medical professionals in the country.

“To our doctors and medical professionals, strengthening our healthcare financing builds the solid foundation we need to keep your talents right here at home,” Sanwo-Olu said.

The governor maintained that the reform would help families avoid financial hardship caused by unexpected medical bills while encouraging more residents to seek treatment when necessary.

“We are protecting families from the burden of unexpected medical bills, helping more people seek care when they need it and building a healthcare system that works for everyone,” he said.

He added: “No one should have to choose between getting medical care and protecting their household finances.”

With the December 31 deadline approaching, residents, workers and employers are expected to obtain the required health insurance coverage before formal enforcement begins on January 1, 2027.

Sanwo-Olu said the ultimate objective was to build a healthcare system in which quality medical services were accessible and affordable to residents across the state.

 

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₦70,000 Monthly Allowance: FG, NLC Leave Minimum Wage Dispute Unresolved

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The Federal Government and the Nigeria Labour Congress (NLC) have agreed on a ₦70,000 monthly transport allowance for workers for six months, beginning in November 2026, but failed to resolve their disagreement over the effective date for implementing the national minimum wage.

The agreement was reached at a conciliation meeting between the Federal Government and organised labour at the Ministry of Labour and Employment in Abuja on October 27, 2026.

The transport intervention is part of measures proposed by the Federal Government to cushion the effects of rising petroleum pump prices and the resulting pressure on workers’ finances.

SEE ALSO: NLC Ultimatum: Wage Demands Can Be Resolved in Two Weeks – HR Expert

Under the resolutions reached at the meeting, the government will provide the monthly transport allowance for six months, beginning in November.

However, despite the agreement on transport support and other welfare measures, the minimum wage implementation date remains unresolved.

FG, NLC to Begin Minimum Wage Negotiations

As part of efforts to address the disagreement, the meeting agreed that the Minimum Wage Negotiation Committee should be constituted and commence meetings immediately.

The move is expected to provide a platform for further discussions between the government and organised labour on workers’ minimum wage demands.

The failure to agree on an implementation date leaves the issue open even as both parties pursue other measures aimed at easing the financial pressure on Nigerian workers.

FG Agrees to Pay Outstanding Allowances

The resolutions also provide for the payment of peculiar allowance arrears in three equal monthly instalments beginning in November 2026.

For health workers, the Federal Government agreed to redeem 19 months of outstanding allowances within three months, starting in December 2026.

The meeting also addressed the proposed hazard allowance for agricultural officers.

According to the resolutions, the Federal Ministry of Agriculture and Food Security had submitted the list of beneficiaries and the associated cost implications to the National Salaries, Incomes and Wages Commission for verification.

The commission is expected to complete the verification exercise within two weeks and issue an implementation template.

Decision on Health Workers’ Salary Adjustment Pending

The proposed adjustment to the Consolidated Health Salary Structure (CONHESS) was also discussed during the meeting.

The National Salaries, Incomes and Wages Commission is expected to complete an updated assessment of the cost implications within three weeks.

The assessment will be forwarded to the Presidential Committee on Salaries for consideration.

No final decision on the proposed adjustment was announced in the resolutions.

Tax Relief Referred to NEC

On tax relief for workers, the meeting agreed that the matter should be referred to the National Executive Council (NEC) for consideration.

The resolutions stated that, “Since tax is a statutory matter, the issue of tax relief for workers will be taken to National Executive Council (NEC).”

The meeting did not specify the proposed tax relief measures or when a final decision would be made.

FG, NLC to Review Implementation

The Federal Government and the NLC also urged state and local governments to participate in the intervention process.

The parties agreed to reconvene after one month to assess progress on the resolutions reached at the meeting.

The agreement was signed on behalf of the Federal Government by the Minister of Labour and Employment, Dr Muhammad Maigari Dingyadi; the Director-General of Budget, Timi Yakubu; and the Permanent Secretary of the Service Welfare Office in the Office of the Head of the Civil Service of the Federation, Dr Garba Abdul S.U.

NLC President, Comrade Joe Ajaero, signed on behalf of the Congress, while Olowoyo Gbenga signed for the Joint National Public Service Negotiation Council (JNPSNC).

 

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