NEWS
Fuel Price Hike: Energy Analyst Adeoye Reveals Who Bears The Subsidy Costs
With the pump price of Premium Motor Spirit (PMS) popular in the streets as petrol, hovering around approximately N1000-N1300 per litre, concerns are mounting about the viability of fuel subsidies in Nigeria.
Energy policy analyst, Adeyemi Adeoye, has underscored the critical role of the Nigerian National Petroleum Company Limited (NNPC Ltd) in this issue, shedding light on who bears the subsidy costs.
He shared his views on TVC News on Friday.
Biztellers reports that the pump price of petrol has risen from below N200/litre at at May 29, 2023 to around N1300/litre as at September 20, 2024, with little variations depending the part of Nigeria, consumers are buying from.
Read More: Fuel Pricing Should Serve Public Interest, Not Profit — Yemi Adeoye
He stated, “Only the NNPC can engage in negotiations of this nature. Their partnership with the Dangote Refinery gives them leverage to negotiate from a position of strength.”
Adeoye highlighted that while the Independent Petroleum Marketers Association of Nigeria (IPMAN) and other marketers lack significant influence over prices, the Dangote Refinery prioritizes profitability.
According to him, this makes the NNPC’s negotiations vital, as they are legally required by the Petroleum Industry Act to ensure fuel availability across the country and prevent long queues at gas stations.
Adeoye said, “It is only NNPC that could have gone into that type of negotiation because NNPC is coming to the table from a position of strength because they have a partnership with the Dangote Refinery, and they have other businesses they are supplying crude to, so they can come and say, ‘Look, this has to be this way.’
“The IPMAN and the other marketers cannot do that because Dangote is a profit-making organization; it is not a charity organization. So, the only thing that is important to the Dangote Refinery is to make a profit, which is the same thing that is important to any business.
“So, the NNPC went into these negotiations because it also understands that it is the last resort. In terms of fuel distribution in the country, NNPC is mandated by the Petroleum Industry Act to make sure that there are no queues in the country. So, even if they don’t want to do it, the law mandates NNPC as the supplier, the last resort, to make sure that there is petroleum product across Nigeria.
“That negotiation is such that NNPC took all the calculations in and said, ‘This is a fair pricing that we know we can withstand.’
“Because what NNPC was paying out, which you might call a subsidy or under-recovery, NNPC was paying the difference on behalf of the government, which is under the directive of the president, who has also said he wants to see this situation totally resolved.
“That was why he directed the NNPC to make sure that crude oil to the Dangote Refinery is sold in Naira, because NNPC produces the crude in dollars, and it has to be sold to the Dangote Refinery in Naira, which is good faith.” he added
NEWS
Salvation for All Souls Global Outreach Provides Free Medicals at Osun
The Salvation for All Souls Global Outreach, SAFAS, a leading evangelical ministry with a focus on delivering free humanitarian and robust healthcare for the less privileged in the society has concluded its one-day free medical outreach in Ifewara, Osun State, where hundreds of residents benefitted from various healthcare services.
The outreach, which was held on Saturday, April 25, 2026, at Akinyemi Memorial Grammar School, offered free medical consultations, health screenings, surgeries, dental care, medications, eye care services including free glasses, as well as health education.
The ministry also provided financial support to widows and widowers in the community.
The initiative, carried out in collaboration with the Christian Medical and Dental Association, Osun State chapter, forms part of SAFAS’ established model of combining medical intervention with a follow-up crusade, a structure the organisation has previously implemented in Lagos, Abeokuta and Ibadan before extending to Ifewara.
Speaking on the development, the President of SAFAS, Apostle BOT Adeyemi, said the outreach reflects the organisation’s commitment to meeting the holistic needs of communities, noting that the model has consistently delivered impact across different locations as it addresses both physical and spiritual concerns.
ALSO READ: Dangote Leads East Africa’s Industrial Revolution
Also, the Media Director of SAFAS, Ayomikun Bamgboye, explained that the approach goes beyond immediate relief, adding that the integration of medical outreach with a crusade ensures sustained engagement and deeper transformation within host communities, as seen in previous outreaches across the country.
One of the participating medical practitioners, who spoke on the exercise, described the outreach as timely and impactful, noting that many beneficiaries accessed quality healthcare services they would otherwise not have been able to afford.
Following the medical outreach, the organisation is set to commence a crusade in Ifewara from April 27 to May 1, 2026, aimed at providing spiritual support and reinforcing the gains recorded during the medical intervention.
SAFAS has continued to expand its outreach footprint across Nigeria through integrated programmes that combine healthcare delivery with social and spiritual support for underserved communities.
Photo Caption
Health officials offering free medicals at the event
NEWS
Horror in Kogi: Gunmen Abduct 24 Pupils in Orphanage Raid, 15 Rescued
Tragedy struck in Kogi State as armed men invaded an orphanage facility and abducted 24 persons, including 23 pupils and the wife of the school proprietor, in a violent night attack that has thrown the community into panic.
The Kogi State Government confirmed the incident on Monday, revealing that security operatives have so far rescued 15 of the victims, while efforts are ongoing to free the remaining abductees.
ALSO READ: Kogi Chamber Honours Dangote Cement over Impactful Social Performance
According to the State Commissioner for Information, Kingsley Fanwo, the attack occurred on Sunday, April 26, 2026, when gunmen stormed the premises of the Dahallukitab Group of Schools, a facility located in a remote and bushy area of the state.
Fanwo explained that the orphanage was not registered with the state government, describing its operation as illegal and noting that it had no formal approval or security clearance from relevant authorities.
He said the attackers whisked away 23 pupils alongside the wife of the proprietor before security agencies swiftly responded to the distress call.
“The swift intervention of security agencies led to the rescue of 15 of the abductees, while efforts are ongoing to secure the release of the remaining victims,” the commissioner stated.
Security operatives, led by the Nigeria Police Force in Kogi State and supported by other agencies, have intensified search-and-rescue operations in surrounding forests and suspected escape routes.
Fanwo commended the professionalism of the security forces, noting that their rapid response helped prevent a worse outcome.
He also raised concerns over the operation of unregistered schools and orphanages in isolated locations, warning that such establishments expose children and staff to serious security risks.
According to him, the government has reiterated its warning to operators of educational and care facilities to ensure proper registration and compliance with safety regulations.
He added that investigations are ongoing, while assuring residents that the government remains committed to rescuing the remaining victims and bringing the perpetrators to justice.
Security has since been reinforced in the affected area as search operations continue.
NEWS
Midnight Massacre: Gunmen Wipe Out Pastor, Entire Family in Plateau
Residents of Gako Village in Riyom Local Government Area of Plateau State were thrown into mourning following a deadly midnight attack that claimed the lives of a pastor and his entire family.
The victims, identified as Rev. Ayuba Choji, his wife Chundung Ayuba, and their two children, Cyril and Endurance Ayuba, were reportedly killed when suspected gunmen stormed the community at about 11 p.m. on Sunday.
Eyewitnesses said the assailants opened fire indiscriminately, forcing residents to flee for safety.
SEE ALSO: Gunmen Kill Two, One Missing as Fresh Attack Hits Plateau Community
A community member, Martha Dalyop, described the attack as terrifying, noting that the gunmen invaded the village under the cover of darkness and shot sporadically.
She lamented that repeated attacks in the area have left villagers living in constant fear, with many unable to sleep in their homes or access their farms.
Confirming the incident, the publicity secretary of the Berom Youths Moulder Association, Rwang Tengwong, said the latest assault reflects a troubling pattern in the operations of the attackers.
According to him, the gunmen often split into groups during attacks, with some targeting residents, others destroying farmlands, and another group blocking roads to prevent escape or intervention.
Tengwong further revealed that within the past 48 hours, large portions of farmland in Kassa, Barkin Ladi Local Government Area, were destroyed by gunmen.
Crops such as cabbage, hot pepper, and maize were affected, compounding the hardship faced by farmers in the region.
The latest killings have heightened tension across Riyom and neighbouring Barkin Ladi communities, with residents calling on security agencies and government authorities to urgently step up efforts to curb the persistent violence and protect lives and livelihoods.





