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Fuel Price:Experts hail FG for cost-reflective petrol price
Modupe ASUDO
ABUJA-A groundswell of support among Petroleum Industry players and stakeholders is building around the bold decision by the Federal Government to abolish the subsidy regime and enthrone a downstream deregulation era leading to the prevailing cost-reflective price of N160 per litre of petrol.

Nigeria’s President Buhari
Stakeholders who spoke on the issue across the country were unanimous in their views that the decision to allow market forces determine the price of petrol was not only healthy for the Downstream Sector but was good for the Nigerian economy which has sacrificed so much to shoulder the now defunct burdensome subsidy system. Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr. Adetunji Oyebanji, said the association welcomed government’s action in allowing the market to determine prices, noting that this would prevent the return of subsidies while allowing operators the opportunity to recover their costs.
He said this will, in the long run, encourage investment and create jobs. He explained that though prices at the pump would need to be adjusted to reflect realities of the increase of ex-depot prices by the Petroleum Product Marketing Company (PPMC), the magnitude of the increase, timing and location would be determined by each individual company. “Consistent with global best practices, MOMAN does not dictate prices to its members as this would be anti-competition in a fully deregulated market,” Oyebanji explained.
The MOMAN chairman, however, called on the Ministry of Petroleum Resources to intensify its public awareness drive to educate the populace on the current realities. “The Ministry of Petroleum Resources should also be telling Nigerians that we can no longer afford subsidy. If we keep it, the investment in infrastructure, health, education, etc., will not be possible. We are borrowing so much to finance our budget. We spent over a trillion naira on subsidy last year. It is unsustainable’’, he said.
MOMAN’s position was re-echoed by another stakeholder in the Downstream Sector, Alhaji Sani Yau, a Director at NIPCO Plc and Chairman of SY Petroleum Limited, who emphasized that the price increase was reflective of trending realities in the sector, noting that deregulation will foster an eventual price reduction in the nearest future when other market fundamentals would converge to create the desired competitive market space.
A stakeholder in the sector and an independent marketer, Mr. John Agidigan, explained that before this increase, market forces had forced the price per litre down to N121, then up to N131 and later N148. He explained that under a deregulated environment, prices are expected to rise and fall in response to the volatility of demand and supply.
According to him, the new deregulated regime would always ensure the availability of the product in the market at affordable price based on the supply, adding that this regime was better than what obtained in the past when Nigerians had to contend with extreme scarcity and its attendant challenges such as long queues at fuel stations.
Another stakeholder in the Downstream Sector, Aggrey Koleijo, said Nigerians must consider the benefits of the new pricing regime rather than just reacting to the price increase which could be reversed the moment market forces dictate otherwise. He stated that the same market forces that brought about price reduction not long ago were still responsible for the hike and can still ensure a reduction, depending on the demand and supply activities within the Industry.
Also, an oil analyst, Dr Mac Udiewe, said the price of fuel would surely go down in a few months’ time when supply of the product would increase geometrically with the entrance of products from private refineries such as the Dangote Refinery and other modular refineries. Other stakeholders, who responded, were unanimous in their conclusion that deregulation would ultimately favour consumers as soon as the industry stabilizes and prices begin a downward trend.
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Fake Agency: How Fraudsters Gained Access to Budget, Offices – Ex-Perm Sec
A former Permanent Secretary of the Federal Civil Service Commission, Goke Adeboroye, has questioned how an alleged fake presidential agency was able to gain access to government facilities, budgetary provisions and office space without being detected.
Adeboroye spoke on Channels Television’s Inside Sources following the discovery of the alleged Presidential Foreign Intervention Promotion Council by the Independent Corrupt Practices and Other Related Offences Commission.
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The ICPC had said the purported agency had no legal basis and operated with forged appointment letters and other official documents.
The commission also said its alleged Director-General, Adeniyi Matthew, was never appointed by the Federal Government.
The anti-corruption agency further disclosed that its investigation into the PFIPC led to the discovery of the National Brands Development and Made in Nigeria Special Project Office, which it alleged was operating within the Office of the Secretary to the Government of the Federation without proper authorisation.
Reacting to the development, Adeboroye described the situation as a major failure of the government’s bureaucratic system.
“The exposure of that fake presidential agency is a major lapse to say that somebody can actually come into the system, get in on the budget, get offices, and all of that,” he said.
The former permanent secretary identified weaknesses in the bureaucratic structures supporting key offices in the Presidency, including the Office of the Secretary to the Government of the Federation, the Office of the Chief of Staff to the President and the Office of the Head of the Civil Service.
According to him, the bureaucracy in these offices should be strong enough to support the President’s policies while also ensuring that fraudulent or unlawful directives do not gain effect.
“The bureaucracy in those offices are not strong enough to be able to help the President drive the vision at the speed and with the efficiency that he wants,” Adeboroye said.
He also stressed the importance of having professional and experienced civil servants who can scrutinise directives issued by political office holders.
Adeboroye said civil servants should be able to recognise suspicious communications purportedly coming from the Presidency because they are familiar with the official channels through which presidential approvals are transmitted.
“Whether the person brings fake or whatever, you as the civil servant should be trained to be able to detect what should be a genuine communication from the State House. You work in that system,” he said.
He explained that presidential approvals usually pass through established channels involving senior government officials.
“When the President approves anything, he always minutes to about three people. He goes to the Chief of Staff, he goes to SGF, and if he has something to do with civil service, the Head of Service will have it.”
Adeboroye recalled an incident from his time as Permanent Secretary in the Ministry of Interior involving a former governor who claimed to have presidential approval for a diplomatic passport.
He said the then Comptroller-General of the Nigeria Immigration Service, Ude, cross-checked the purported approval before taking action and subsequently sought clarification on whether the former governor, who was no longer in office, should receive the diplomatic passport.
“That’s somebody using the experience of the system to ensure that you are not outplayed,” he said.
The former permanent secretary said similar verification could have been carried out in the alleged fake agency case through a simple phone call to the relevant government offices.
“So we would have expected that on a simple phone call, when I was working in the office of Ekaite, Secretary of Government, I could pick a phone, call any minister, call this, it’s just a phone call from the office of whoever to say, Chief of Staff, is this true? And that would have actually corrected it,” he said.
Meanwhile, the controversy surrounding the National Brands Development and Made in Nigeria Special Project Office has continued.
The chairman of the project office, Musa Aliyu, had alleged that the office was allocated space within the OSGF premises without presidential authorisation.
However, the National Coordinator and Executive Director of the project office, George Nwabueze, denied the allegation, insisting that the office is a project office under the OSGF and has existed for 16 years.
Nwabueze also produced an appointment letter purportedly issued by the OSGF, conveying approval of his appointment as National Coordinator/Executive Director of the Made in Nigeria Project Office.
The conflicting claims have continued to raise questions about the authorisation and status of the project office and the alleged involvement of public officials in its operations.
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2015: Jonathan Showed Power Isn’t Worth Nigerian Blood — Nenadi Usman
The Labour Party has commended former President Goodluck Jonathan for conceding defeat in the 2015 presidential election, saying his decision demonstrated that political power was not worth the blood of Nigerians.
The National Chairman of the Labour Party, Senator Nenadi Usman, made the statement on Tuesday in Bauchi State while speaking with journalists on the sidelines of the 2026 Goodluck Jonathan Foundation Democracy Dialogue.
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The event, organised by the Goodluck Jonathan Foundation, was themed, “Beyond Elections: Can Political Parties and the Judiciary Save African Democracy?”
Usman said Nigeria’s democracy survived the tensions surrounding the 2015 election because Jonathan chose to put the national interest above his desire to remain in office.
She said, “Nigeria’s democracy survived the doomsday predictions of bookmakers in 2015 because of President Jonathan’s concession of defeat in that year’s election, even before the final votes were tallied.”
According to her, Jonathan’s approach to politics was exceptional, particularly because he had consistently maintained that neither his election nor remaining in power was worth the blood of any Nigerian.
Usman stated, “Such a principled approach to politics had never before been witnessed on the Nigerian political horizon. Jonathan, from the inception of his presidency, consistently maintained that neither his election nor remaining in power was worth the blood of any Nigerian.”
She added that Jonathan demonstrated the sincerity of his position when the 2015 election tested his commitment to the principle.
The Labour Party chairman urged politicians preparing for the 2027 general elections to emulate Jonathan’s non-violent approach to politics, respect democratic rules and place national interest above personal ambitions.
She also questioned whether politicians seeking the presidency in 2027 would be prepared to make similar sacrifices for national unity, particularly amid inflammatory rhetoric from some political camps.
Usman further recalled the saying attributed to Warren Buffett that someone is sitting in the shade today because someone planted a tree a long time ago.
She argued that Nigerians are able to practise democracy today partly because Jonathan made sacrifices at a critical moment.
On the Labour Party’s preparations for the 2027 elections, Usman described the party as the most structured opposition political party in Nigeria.
She said the Labour Party’s relationship with the Nigeria Labour Congress and the Trade Union Congress had strengthened its political structure nationwide.
Usman claimed that the party remained the only opposition party with a realistic presence across Nigeria’s 186,000 polling units.
She said, “With the combined strength of the NLC and the TUC, both of which are constitutional members of the party, no Nigerian political party is better positioned to show the APC government the exit door than the Labour Party.”
The democracy dialogue attracted several political leaders and dignitaries, including former Presidents Olusegun Obasanjo and Goodluck Jonathan, former Vice-President Namadi Sambo, Bauchi State Governor Bala Mohammed, former Senate President Anyim Pius Anyim and Labour Party’s 2023 presidential candidate, Peter Obi.
Others included former Plateau State Governor Jonah Jang, APC Deputy National Chairman, South, Dr Ben Nwoye, and the Emir of Bauchi, Dr Rilwanu Suleiman Adamu.
The dialogue provided a platform for discussions on strengthening democratic institutions, the role of political parties and the judiciary, and preventing democratic reversals across Africa.
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MFM Choir Makes Nigeria Proud, Wins Gold at World Choir Games in Sweden
Nigeria has recorded another major achievement on the international stage as the Mountain Top Chorale of Mountain of Fire and Miracles Ministries (MFM) emerged champion of the 2026 World Choir Games in Helsingborg, Sweden.
The Nigerian choir clinched the gold medal in the Spiritual Category (C14), scoring an impressive 87.38 points in the competition conducted by Oluwasegun Okedunmola.
The feat was celebrated by the General Overseer of MFM, Daniel Olukoya, who described the victory as a major moment of pride for Nigeria and the ministry.
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In a Monday Facebook post, Olukoya wrote, “A CHAMPION’S SOUND! GOLD FOR MOUNTAIN TOP CHORALE!”
According to him, the choir secured two major honours at the 2026 competition, including the gold medal in the Spiritual Category and the overall championship in the Champions Competition.
He said the achievement went beyond music, describing it as a demonstration of “discipline, excellence, dedication, teamwork and the power of using our gifts to glorify God.”
Olukoya also commended the choristers, conductor, leadership of the choir and everyone whose sacrifices and commitment contributed to the success.
The World Choir Games, organised by Interkultur, is regarded as the world’s largest international choir competition. The 2026 edition is being held in Helsingborg from August 6 to 16.
The host organisation said about 8,500 singers from more than 40 countries are participating, with more than 160 choirs taking part in the competition, concerts and other activities.
The 2026 edition is also the first time the World Choir Games are being held in Sweden.
Mountain Top Chorale’s victory places the Nigerian choir among the top performers at the global choral event and further highlights Nigeria’s presence in international gospel and choral music.
Celebrating the achievement, Olukoya said, “From Nigeria to the world, Mountain Top Chorale has raised the banner high.”
He concluded his message by congratulating the choir and giving glory to God for the historic achievement.





