The Coalition of United Political Parties, CUPP, has reacted to the recent disclosure by the Nigerian National Petroleum Company Limited, NNPCL, that it purchased fuel at N898 per litre from the Dangote Refinery.

DAILY POST reports that the news has sparked widespread controversy and outrage as the hope of reduction in the pump price of fuel fades among Nigerians.

Now, there are fundamental questions about the cost of production, transparency, and the alleged continued exploitation of the Nigerian masses, CUPP said. 

“The high cost of fuel purchased from Dangote Refinery is unjustifiable, especially considering the absence of tariffs, landing costs, and port charges,” a statement signed by Chief Peter Ameh, CUPP’s National Secretary said.

“With crude oil supplied in local currency, the refinery’s production costs should be significantly lower. It is imperative that Dangote Refinery provides a detailed breakdown of its cost of production to justify the exorbitant price of N898 per litre.

“The lack of transparency and accountability in the pricing mechanism is alarming. The NNPCL’s revelation suggests a conspiracy to continue the exploitative price regime through the back door.

“This undermines the benefits of domestic refining and raises questions about the true advantages of local refining.

“Furthermore, the high cost of fuel per litre remains beyond the reach of the average consumer, defeating the purpose of having a refinery in the country. The cost of gasoline is higher than normal, perpetuating the exploitation of vulnerable Nigerians.

“The NNPCL’s disclosure highlights the need for transparency, accountability, and regulatory oversight by the National assembly in the energy sector.

“Dangote Refinery must provide a detailed breakdown of its cost of production, and the NNPCL must negotiate competitive prices.

“The government must allow the independent regulatory body to monitor pricing mechanisms and protect consumers from exploitation.

“Only then can Nigeria unlock the true potential of domestic refining and ensure affordable energy for its citizens.”

The Independent National Electoral Commission, INEC, has said it will not yield to the call of the Peoples Democratic Party, PDP, to redeploy the Resident Electoral Commissioner, REC, Anugbum Onuoha.

DAILY POST recalls that Onuoha has been a subject of controversy over his relationship with the Minister of the Federal Capital Territory, Mr Nyesom Wike.

Governor Godwin Obaseki of Edo State and Wike have not been in good terms after Wike supported his second term bid when he defected to the PDP. 

The governor and the national leadership of the PDP have expressed fears that Onuoha would influence the election to favour the All Progressives Congress, APC.

The PDP chairman in Edo State, Anthony Aziegbemhin, had submitted a formal protest letter to INEC Chairman, Mahmood Yakubu, demanding Onuoha’s immediate redeployment.

The letter read in part, “The ties between these two are too close to ignore as they share familiarities and are also close associates.

“The said Edo REC is a cousin to the Minister of the FCT, Mr. Wike. He also served as a former Commissioner and Special Adviser for Lands, Survey, and Housing to Mr Wike during his tenure as Rivers governor.”

Responding, the Chief Press Secretary to the INEC Chairman, Rotimi Oyekanmi, emphatically said that the REC would not be redeployed, urging the PDP to focus on the process of the election rather than Onuoha.

“The REC for Edo State will not be redeployed. The governorship election will be conducted on September 21, 2024 in 4,519 polling units, not in the REC’s office.

“In the same manner, polling unit results will be declared by the respective Presiding Officers after the voting, ballot sorting and counting processes, in the presence of accredited party agents and other stakeholders.”

Telecom companies have begun to cut off around 66 million phone connections nationwide to enforce the directive from the federal government regarding the connection of the National Identification Number (NIN) to the Subscriber Identity Module (SIM).

Naija News reports that this step was taken following numerous extensions and cautions Nigerians to adhere to the policy aimed at enhancing national security and simplifying the identification process.

 

It’s important to note that as of March 2024, 153 million out of 219 million active mobile lines on networks such as MTN, Glo, Airtel, and 9mobile were already linked to the NIN, as reported by the Nigerian Communications Commission (NCC). This leaves approximately 66 million lines at risk of being disconnected.

Due to the issue of unverified NINs, there were brief interruptions in service across the country between July 28 and 29, causing widespread disruptions.

Financial records from the first half of 2024 indicate that MTN Nigeria and Airtel Africa blocked 13.5 million lines for failing to comply with the NIN-SIM connection rule.

MTN reported blocking 8.6 million lines, while Airtel claimed that 8.7 million of its customers had successfully verified their NINs.

Telecom companies, including MTN, Airtel, Glo, and 9mobile, have advised subscribers at risk of losing their service to connect their NIN to prevent permanent disconnection.

Subscribers whose services have been suspended still can reactivate them by visiting any of the telecom providers’ service centers or NIMC offices to finish the verification process.

The NCC issued the directive in partnership with the National Identity Management Commission (NIMC) requires all mobile phone users in Nigeria to link their SIM cards to their unique NIN.

This policy, introduced in 2020, was a part of the government’s strategy to reduce insecurity, fraud, and criminal activities enabled by unregistered or improperly registered phone lines.

After several postponements of the deadlines by the NCC since December 2023, the NCC announced in August that it anticipated that no SIM cards would be operational without a confirmed National Identification Number (NIN) by September 15.

A representative from the NCC confirmed the deactivation of lines, explaining that lines not in compliance would be prevented from making calls, sending text messages, or utilizing mobile data until they successfully complete the connection procedure.

“We will disconnect anyone who refuses to comply; the grace period is over. The reason why we extended the last time was the misconception of Nigerians who claimed that the NCC wanted to frustrate the August 1 protest,” the NCC representative told Leadership.

He defended the NIN-SIM linkage as crucial to national security, adding that the policy is intended to create a central database that can be used to track criminal activity, verify identity, and enhance digital financial inclusion.

“Unregistered and unlinked SIMs have been identified as tools frequently used in the perpetration of criminal activities such as kidnapping, terrorism, and financial fraud. The NIN-SIM linkage is an essential step in safeguarding the nation and ensuring the integrity of our telecom infrastructure,” he added.

Naija News reports that despite facing backlash, President Bola Tinubu’s administration has stood firm in its dedication to the policy, stating that those who do not follow it could potentially lose access to essential mobile services.

Recently, the president of the National Association of Telecommunications Subscribers, Adeolu Ogungbanjo, following visits to various telecommunications centers, expressed his dissatisfaction with the NIN-SIM registration process, describing it as terrible.

Ogungbanjo, therefore, pleaded for the NCC to consider pushing back the deadline due to the technological issues encountered during the registration process last week.

“I believe they should consider extending it for a week, and the NCC should be commended for these delays,” he remarked.

The Nigeria National Petroleum Company Limited (NNPCL) has corrected a mistake made on the nationwide petrol price statement it released earlier on Monday.

Early Monday morning, NNPCL gave a chart breakdown of the refined petrol product it bought from Dangote Refinery.

While the data of the estimated price to be sold around the country remains the same, the analysis of the transaction it had with Dangote Refinery was altered.

The NNPC Ltd. has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.

“The estimated prices are based on negotiated terms between NNPC Ltd. and Dangote Refinery which recognise the current international gasoline prices and the prevailing foreign exchange rate in line with the provisions of the Petroleum Industry Act (PIA) 2021.

“The NNPC Ltd. can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.

“We reassure Nigerians that any discount from the Dangote Refinery will be passed on 100% to the general public,” it read.

While in the first press statement on Monday had a Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fee of ₦8.99, the second statement showed ₦4.495.

The first statement had an inspection fee of ₦0.97, a margin fee of ₦26.48 and a distribution fee of ₦15.

In the second statement on Monday, there were no inspection fee and marging fee, while the distribution fee was changed to ₦42.45.

The second statement also had an additional Midstream and Gas Infrastructure Fund (MDGIF) of ₦4.495.

NNPC Corrects Mistake On Petrol Price Increase Statement

Chart of second statement

NNPC Corrects Mistake On Petrol Price Increase Statement

Chart of first statement

The Bishop of the Catholic Diocese of Sokoto, Matthew Hassan-Kukah, has claimed that President Bola Tinubu never signed a peace accord when he was a presidential candidate.

The clergyman stated this in Benin City, during the Edo Election Security Townhall.

He warned that the failure of political parties and their candidates to sign the Peace Accord to shun electoral violence sends a wrong signal to Nigerians.

Naija News reports that the Peoples Democratic Party (PDP) refused to sign the peace pact over some allegations levelled against the police.

Kukah, one of the conveners of the National Peace Committee headed by former Head of State, General Abdulsalami Abubakar, said the group can’t force any candidate to sign the peace pact which has become an electoral ritual in the last decade.

He said, “The National Peace Committee, what we do is not in the Electoral Act, it’s not law; it’s moral. You can’t compel people to fall in love or love their neighbour.

“If you go back to the 2019 election, Alhaji Atiku Abubakar the presidential candidate for the PDP, was not there to sign the Peace Accord. And of course, the opposition went to town, which is what it ought to be, and the next day, he (Atiku) turned up to sign.

“What is also very interesting is that the current president, when he was a presidential candidate, did not sign; it wasn’t our fault that the political opposition didn’t take advantage of it.

“It’s a pity but we are not going to take anybody to court for not signing the Peace Accord. The only thing it does to you as a candidate is that it sends a wrong signal which can be very easily exploited by the opposition.”

Last modified on Monday, 16 September 2024 10:36

In a landmark development that promises to transform Nigeria’s energy sector, the Dangote Refinery has commenced the supply of Premium Motor Spirit (PMS) to the Nigerian National Petroleum Corporation Limited (NNPCL).

This initiative, spearheaded by President Bola Tinubu’s administration, represents a significant step towards achieving energy self-sufficiency and reducing dependence on imported refined products.

 

It also underscores the federal government’s commitment to easing pressure on the Naira and increasing the availability of petroleum products within the domestic market.

During the unveiling event at the Dangote Refinery, Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, lauded President Tinubu’s visionary leadership.

Edun highlighted that the initiative aligns with Tinubu’s vision of ensuring that no raw materials leave Nigeria without adding value domestically.

The Minister also praised Aliko Dangote and the Dangote Group for realizing this vision through the establishment of the refinery.

He commended the technical sub-committee, chaired by Federal Inland Revenue Service Executive Chairman Zacch Adedeji, for its role in implementing the Naira-based crude sales to local refineries.

Edun, accompanied by Adedeji and other members of the Technical Subcommittee, toured the refinery’s advanced facilities.

The tour showcased the refinery’s capacity to add local value and reduce reliance on imported refined products.

Edun expressed admiration for the refinery’s technological advancements and its potential to meet Nigeria’s domestic fuel needs efficiently.

According to a statement released by Mohammed Manga Director, Information and Public Relations, the Minister witnessed the loading of the first batch of PMS from the Dangote Refinery, marking a milestone in the domestic supply of refined petroleum products.

Although the official Naira-based sale of crude oil is set to commence on October 1st, this event symbolizes a major step forward.

The Federal Executive Council (FEC), under President Tinubu’s leadership, has approved the supply of crude oil to domestic refineries, including Dangote’s, with payments to be made in Naira.

“From October 1st, NNPCL will supply approximately 385,000 barrels per day of crude oil to the Dangote Refinery, payable in Naira,” Edun announced.

The Minister urged other domestic refiners to join this initiative, not only to meet national needs but also to facilitate legal exports to neighboring countries, enhancing foreign exchange revenue and supporting economic growth.

With the commencement of PMS supply in Naira, Nigeria is poised to make substantial strides towards its energy goals.

Former President Olusegun Obasanjo has arrived in Minna, Niger’s capital, to meet with Ibrahim Babangida, the ex-head of state.

Obasanjo arrived in Minna Sunday evening after felicitating Gabriel Igbinedion, the Esama of Benin Kingdom, in Edo State, over his 90th birthday.

The meeting with Babangida also had Abdulsalami Abubakar, former head of state, and Aliyu Gusau, an ex-national security adviser (NSA), in attendance.

Kehinde Akinyemi, media aide to Obasanjo, confirmed the meeting.

 

It was not immediately clear what issues were discussed by the former Nigerian leaders, but multiple reports said the meeting was connected with pressing national issues that border on the current economic challenges.

However, Akinyemi said Obasanjo visited the former head of state to also celebrate his birthday.

Babangida turned 83 in August.

 

Akinyemi said Obasanjo was unable to be present during Babangida’s birthday due to his busy schedule.

“The opportunity came yesterday, hence the visits to both Benin and Minna,” he said.

Akinyemi said Obasanjo noted Babangida’s contributions to Nigeria and celebrated his good health.

President Bola Tinubu has returned to Abuja after a two-week trip to China and the United Kingdom (UK).

Bayo Onanuga, special adviser on information and strategy to the president, disclosed the arrival in a post on his X page.

The president arrived Nigeria just before midnight on Sunday, September 15, and was received at the Nnamdi Azikiwe International Airport by some members of the administration and heads of security agencies.

They include George Akume, secretary to the government of the federation; Femi Gbajabiamila, chief of staff to the president; Nuhu Ribadu, national security adviser; and Nyesom Wike, minister of the federal capital territory.

Tinubu left Abuja for China on August 29 but stopped in Dubai before arriving in Beijing on September 1.

During his trip, Tinubu met with Chinese President Xi Jinping. Both leaders signed five memoranda of understanding (MoU).

The MoUs cut across trade, infrastructural investments, media cooperation, and security improvements.

Tinubu said he was committed to replicating Chinese infrastructure in Nigeria.

The president left Beijing for London and met with King Charles III on September 12.

In a statement, Onanuga had said Tinubu and King Charles discussed issues pertaining to climate change.

The Nigerian National Petroleum Company (NNPC) Limited says petrol will be sold at N950.22 per litre across all its retail outlets in Lagos.

In a social media post on Monday, the NNPC said the estimated pump price is based on prices set by the Dangote refinery for its petroleum products.

According to the price map shared by the NNPC, residents in the northern part of Nigeria will pay more for the product, with those in Borno expected to pay the highest petrol pump price of N1,019.22.

“The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms length,” the NNPC said.

“The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024. The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100% to the general public.

“Attached to this statement are the estimated pump prices of PMS (obtained from the Dangote Refinery) across NNPC Retail Stations in the country, based on September 2024 pricing.”

Media

Last modified on Monday, 16 September 2024 07:20

The Nigerian National Petroleum Company Limited says it stands by its earlier disclosure that Dangote Refinery Petrol is sold to them at N897 per liter.

NNPCL spokesperson, Olufemi Soneye disclosed this exclusively to DAILY POST on Sunday.

This comes after the Dangote Group in a statement by its spokesperson, Anthony Chiejina, on Sunday disagreed with NNPCL over its statement that Dangote Refinery Petrol was to them at N898 per litre.

 

However, when DAILY POST contacted NNPCL on his reaction to Dangote Refinery’s statement, he said, he stood by his revelation.

“We stand by our earlier stand that Dangote Refinery Petrol is sold to us at N898 per litre.

“We have documents to back this point”, he told DAILY POST.

The confusion comes after Dangote Refinery started loading its petrol on Sunday.

NNPCL had confirmed that 70 trucks belonging to the state-owned firm loaded Dangote Petrol on Sunday.