NEWS
Subsidy: Petrol Price Will Fall — Kyari Assures Nigerians
The Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, reassured Nigerians that the current high cost of petrol would soon decrease.
In an interview on Arise TV’s Morning Show, Kyari stated that the competition among major players in the oil sector would lead to a reduction in the price of petrol.
He emphasized that the removal of subsidies would allow new players to enter the market, promoting healthy competition. As the market stabilizes, oil marketing companies will be able to import or produce petrol and sell it at market prices.
Kyari anticipated that this competition and increased efficiency would naturally drive down pump prices across the country.
Kyari’s words: “The beauty of this (subsidy removal) is that there will be new entrants (into the market) because oil marketing companies’ reluctance to come into the market all along is the very fact of the subsidy regime that is in place.
“That subsidy regime doesn’t have a guarantee of repayment back to those who
provide the product at a subsidised price and now that the market is being deregulated, oil marketing companies can actually import product or even if it is produced locally, they can buy and take it into the market and sell at its retail price.
‘’Therefore, you will see competition, even with NNPC. And by the way, by law, NNPC cannot do more than 30 per cent of the market going forward. As soon as the market stabilises, oil marketing companies are able to come in.
“Competition will definitely come in and the market will regulate the prices itself. Therefore, this is just an instantaneous price and within a week or two, you will continue to see different prices because of different approaches from major players, companies have different approaches to it and competition will guide that.
“Ultimately, you’d see changes downwards and it is very likely because efficiency will come in.”
Meanwhile, Kyari revealed plans by President Bola Tinubu to introduce palliative measures to cushion the impact of the abrupt removal of fuel subsidies.
He also mentioned the ongoing rehabilitation of the country’s refineries, with one refinery expected to be operational this year, another next year, and the third by 2025.
Kyari explained that the subsidy bills had accumulated, and the country could no longer afford them. By pricing petroleum products in the market, the government aimed to benefit the country in the long run. Kyari acknowledged that while there was a provision for subsidies in 2022, no funding was allocated for them in 2023.
He stressed the urgency of discontinuing the subsidy conversation, as it had negative implications for the country’s financial stability and borrowing capabilities.
In response to the removal of fuel subsidies, Amnesty International expressed concerns about the potential increase in poverty in Nigeria.
The organization emphasized that the decision should not exacerbate the challenges faced by millions of Nigerians in meeting the costs of education, food, and healthcare. Amnesty International called for social protection measures to accompany the removal of subsidies, ensuring that people on low incomes could maintain an adequate standard of living.
They urged the Nigerian authorities to address widespread hunger, rising unemployment, and the declining standard of living by investigating the fuel market chain and holding accountable those involved in smuggling, hoarding, and subsidy-related scams.
NEWS
Two Officers Killed as Hoodlums Ambush Soludo Aide’s Convoy in Anambra
Two police officers were reportedly killed after suspected hoodlums attacked the convoy of the Chief of Staff to Anambra State Governor, Dr. Ben Nwankwo, along the Amansea–Ufuma Road in the state.
The attack, which occurred on Sunday night, targeted the convoy of the governor’s aide. While Dr. Nwankwo escaped unhurt, two security personnel attached to the convoy were feared dead during the ambush.
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Reacting to the incident, the Anambra State Commissioner of Police, Ikioye Orutugu, ordered an immediate manhunt for the attackers and issued a 48-hour ultimatum to police formations and tactical units across the state to arrest those responsible.
Speaking during an emergency security meeting at the State Police Command Headquarters, Orutugu described the attack as a direct challenge to the authority of the state and vowed that the perpetrators would be brought to justice.
The police commissioner directed officers to intensify efforts to track down the suspects, stressing that the killing of security personnel would not be tolerated under his watch.
He also expressed concern over intelligence reports suggesting that some criminal elements now disguise themselves in police and military uniforms to evade detection and carry out attacks.
Orutugu urged residents and commuters to remain vigilant, particularly those travelling along the Amansea–Ufuma Road, which he described as a vulnerable route increasingly exploited by criminal gangs.
He assured the people of Anambra State that intelligence-led operations had already commenced and expressed confidence that the suspects would be apprehended within the stipulated 48-hour period.
The police command reiterated its commitment to protecting lives and property across the state while intensifying efforts to restore security and public confidence.
NEWS
CNG Gets a Boost as FG Partners Portland Gas on $4m Project
Nigeria’s Compressed Natural Gas (CNG) push has received a boost as a partnership between a private firm and the Federal Government through the Midstream and Downstream Gas Infrastructure Fund (MDGIF), yielded about $4 million investment in the development of CNG infrastructure.
Making the disclosure, Managing Director and Chief Executive Officer of Portland Gas Limited, Folajimi Muhammed, added that the investment was aimed at deepening gas utilisation and improving energy access across Nigeria.
During the commissioning of the company’s Mother Station in Ojota, Lagos, at the weekend, Muhammed said the project is structured as a joint venture in which Portland Gas holds a 60 percent equity stake while the Federal Government, through MDGIF, owns the remaining 40 percent.
He added that the initiative involves the construction of a Mother Station and Daughter Stations in Lagos and Abuja to facilitate the distribution of CNG through a virtual pipeline system.
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He explained that the facility commissioned represents the first phase of the project and would serve as the central hub for supplying gas to downstream stations.
“The project is a collaboration between Portland Gas and the Midstream and Downstream Gas Infrastructure Fund. Portland Gas has contributed 60 per cent equity while the Federal Government has come in with 40 per cent. Our mandate is to build a mother station here and daughter stations in Lagos and Abuja. What we are commissioning today is the first part of that project, which is the mother station,” he said.
Muhammed noted that the facility currently has an above-ground storage capacity of 96,000 standard cubic metres per day (SCMD), while the full mother station is designed to handle about five million standard cubic feet of gas per day.
He said the station is presently supplied through a virtual pipeline arrangement whereby gas is sourced from a third-party facility and transported to the site, pending connection to the Ajaokuta-Kaduna-Kano (AKK) gas pipeline network.
“At the moment, we are sourcing gas from a third party, which is why we call it a virtual pipeline. In the future, we will tap directly into the AKK pipeline and become our own supplier. This will enable us to supply our daughter stations directly and also serve other gas consumers,” he added.
Addressing concerns over persistent queues at CNG stations across the country, Muhammed said increasing the number of refuelling outlets remains the most effective solution.
“The opening of more stations will naturally reduce waiting time and queues. The more stations we build and commission, the more available gas becomes to consumers,” he said.
He revealed that Portland Gas already operates stations in Ajah, Lagos, and Kubwa, Abuja, while additional facilities are planned for Otako and Gwagwalada in the Federal Capital Territory.
On access to funding from the MDGIF, Muhammed described the application process as rigorous but necessary to ensure that only serious investors benefit from the intervention fund.
“It was a very rigorous process. We had to provide extensive documentation and demonstrate that we had already committed substantial resources to the project before accessing the fund. The fund managers needed evidence that we were capable of executing the project,” he explained.
While advocating a more flexible approach for proven investors, he cautioned against lowering standards to the extent that funds are disbursed to entities lacking the capacity to deliver.
“There is a delicate balance. The fund should not be given to people who may not perform simply because they apply. However, companies that have demonstrated commitment and capacity should enjoy a more streamlined process,” he said.
Muhammed also urged greater support for innovative gas distribution models, including mobile refilling units and daughter stations, to accelerate the penetration of CNG across the country.
According to him, such initiatives would complement the Federal Government’s gas expansion agenda and help position natural gas as a viable alternative fuel for transportation and industrial activities.
Also speaking, the Executive Director of MDGIF, Oluwole Adama, said the Fund remains committed to supporting projects that drive energy access, economic growth, and national development.
NEWS
Fresh Ebola Alert: Lagos Tightens Airport Surveillance as Virus Threat Looms
The Lagos State Government has intensified surveillance and emergency preparedness measures at the Murtala Muhammed International Airport (MMIA) amid renewed concerns over the spread of the Ebola Virus Disease (EVD) in parts of East and Central Africa.
The move is aimed at preventing the importation of the deadly virus into Nigeria through the country’s busiest international gateway, which handles a significant percentage of inbound international passengers.
Leading a high-powered preparedness inspection at the airport, the Lagos State Commissioner for Health, Prof. Akin Abayomi, said authorities were strengthening systems for early detection, rapid isolation, and emergency evacuation of suspected Ebola cases.
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According to him, Lagos remains vulnerable to imported infectious diseases due to its status as Nigeria’s commercial hub and the volume of international travelers arriving daily through MMIA.
Abayomi explained that the state government is also enhancing digital surveillance and passenger monitoring, particularly for travelers arriving from countries considered high-risk.
“Our objective is to create a bottleneck for the virus, not for passengers,” he said, stressing the importance of collaboration between state and federal agencies in safeguarding public health.
The commissioner recalled Nigeria’s successful containment of the Ebola outbreak in 2014 after the virus was imported into Lagos from Liberia.
He noted that lessons from that experience, as well as the COVID-19 pandemic, continue to shape the state’s preparedness and response strategies.
As part of ongoing efforts, authorities are considering the introduction of dedicated arrival channels for passengers arriving from high-risk countries to strengthen screening and reduce potential exposure risks.
Speaking during the inspection, the Special Adviser to Governor Babajide Sanwo-Olu on Health, Dr. Kemi Ogunyemi, described airport personnel as the country’s first line of defense against imported infectious diseases.
She emphasized the need for heightened vigilance, noting that effective disease surveillance begins at ports of entry.
Also, the Permanent Secretary of the Lagos State Ministry of Health, Dr. Dayo Lajide, urged frontline workers to strictly adhere to infection prevention and control measures while carrying out their duties.
Meanwhile, the Airport Manager and Regional General Manager, South-West MMIA, Mr. Olatokunbo Arewa, disclosed that additional preparedness infrastructure, including touchless hand-sanitizer systems and temperature-detection equipment, had been deployed across the airport.
The Head of Port Health Services at MMIA, Dr. Lawal Abdullahi, revealed that the airport had already reviewed and updated its Public Health Emergency Contingency Plan earlier this year and activated its emergency management team in response to recent Ebola developments.
He added that risk assessments had been conducted to identify countries of concern, while passenger screening and information-sharing mechanisms were being strengthened to support rapid response efforts.
Officials from the Federal Airports Authority of Nigeria (FAAN), the Nigeria Civil Aviation Authority (NCAA), Port Health Services, and Lagos State health agencies reaffirmed their commitment to coordinated surveillance, information sharing, and swift response measures to protect Nigerians from Ebola and other infectious disease threats.
The inspection concluded with an assessment of major screening points and emergency response facilities at the airport as authorities intensified efforts to keep the virus out of the country.





