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We’ll maintain petrol price without subsidy reversal – Tinubu

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• President Bola Tinubu
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President Bola Tinubu said that the government will take measures to maintain the current pump price of Premium Motor Spirit (PMS) in the country without a reversal of its policy on subsidy removal.

He affirmed that there will be no increase in the price in any part of the country.

The special adviser to the president, Ajuri Ngelale, disclosed this at a media briefing after conferring with the president on the issue at the presidential villa, Abuja on Tuesday.

According to him, the official position is that there is no increase in prices at this time as “the president is convinced based on the information before him that we can maintain current pricing without reversing our deregulation policy by swiftly cleaning up existing inefficiencies within the midstream and downstream Petroleum sector.”

Tinubu has therefore observed that the threat by organised labour to go on strike without notice is premature.

The presidential aide said it is incumbent on all stakeholders to hold their peace and endeavour to do due diligence to ascertain the true position.

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He said the president is intent on maintaining competitive tension to ensure that no single individual or organisation dominates the sector.

Ngelale said the government will address the inefficiencies in the midstream and downstream petroleum value chains so that the price can be stabilized.

The presidential spokesman presented a chart to prove that the cost of petrol is still much cheaper in Nigeria than in other West African countries.

Ngelale stated: “This morning, I have the privilege of sitting down with His Excellency President Bola Tinubu as we discussed the current unfolding situation in the country as it relates to fuel supply and demand.

“The president wishes first to state that it is incumbent upon all stakeholders in the country to hold their peace.

“We have heard very recently from the organized labour movement in the country concerning their most recent threat.

“We believe that the threat was premature and that there is a need on all sides to ensure that fact finding and diligence is done on what the current state of the downstream and midstream petroleum industry is before any threats or conclusions are arrived at or issued.

“Secondly, Mr. President wishes to assure Nigerians following the announcement by the NNPC limited just yesterday that there will be no increase in the pump price of petroleum motor spirit anywhere in the country.

“We repeat, the president affirms that there will be no increase in the pump price of petroleum motor spirit.

“We also wish to affirm that the president is determined to maintain competitive tension within all sub sectors of the petroleum industry.

“He is determined to ensure that our policy drawn up as well as policy implemented follows the cue that there will not be any single one entity dominating the market.

“The market has been deregulated. It has been liberalized and we are moving forward in that direction without looking back.

“The President also wishes to affirm that there are presently inefficiencies within the midstream and downstream petroleum sub sectors that once very swiftly addressed and cleaned up will ensure that we can maintain prices where they are without having to resort to a reversal of this administration’s deregulation policy in the petroleum industry.

“I wish at this juncture to also provide a set of graphics which the president has authorized me to share with Nigerians that otherwise would be confidential. These are graphics supplied to Mr. president by the NNPCL.

“In the graphic, what you will find is the present cost of refined petroleum motor spirit at the pump in each of the West African nations that neighbour us and I’ll just name some for example, even as I know, you will be showing your audiences the graphics, which the president has graciously approved for public release today.

“Senegal at pump price today of N1,273 equivalent per liter, Guinea at N1,075 per liter, Côte d’ Ivore at N1,048 per litre equivalent in their currency, Mali N1,113 per litre, Central African Republic N1,414 per litre, Nigeria is presently averaging between N568 and N630 per litre.

“We are presently the cheapest, most affordable purchasing state in the West African sub-region by some distance. There is no country that is below N700 per liter.

“So, this is the backdrop we have seen that at the inception of our deregulation policy as of June 1 as Mr. President took office, we have seen PMS consumption in the country drop immediately from 67 million litres per day consumption, down to 46 million litres per day consumption. The impact is evident.

“What it also does mean though, is that we are not at the end of the tunnel. There is still a bit of darkness to travel through to get toward the light. And we are pleading with Nigerians to please be patient with us.

“And as we promised from the beginning, we will be open with Nigerians will be transparent with them. And we are ready to show you exactly what it is that our nation is facing with respect to the illiquidity in the market in terms of foreign exchange, as a result of what is now known to have been a gross mismanagement of the Central Bank of Nigeria over the course of several years preceding this time.” (Tribune)

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Nigerian cleric flees after body found buried in Cameroon church

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A Nigerian cleric wanted by Cameroonian authorities has gone into hiding after a mummified body was discovered buried beneath a concrete slab at a property linked to his church in Yaoundé.

Cameroon Tribune reports on Tuesday that the body was found on September 19 at about 9am by officers of the Nkoabang Special Police Station during an ongoing investigation involving Kedi Samuel Kenechukwu, also known as Ekedi Samuel.

Kenechukwu is the founder of Mercy of God Ministry and is currently wanted by security authorities over allegations including human trafficking, arrest and kidnapping.

Several Cameroonian news outlets have reported on the case, with Camer.be describing Kenechukwu as “a Nigerian prophet operating in Cameroon since 2018.”

According to Cameroon Tribune, investigators discovered a white-and-gold coffin buried about 1.5 metres beneath a concrete slab at the property in Nkoabang.

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The body was described as being in a state of mummification.

“The lid is broken. Inside, a body, a lady at first sight, dressed in a traditional blue outfit with gold embroidery, in a state of mummification, rests on a padding. This is not a normal grave,” the newspaper said.

Cameroon Tribune reported that the discovery was made after residents vandalised parts of the property, leading investigators to uncover the concealed underground area.

At the time of the newspaper’s report, security officers were still awaiting authorisation to conduct further searches of the site for possible remains.

The identity of the deceased and the circumstances surrounding the death had not been established.

The discovery came about 10 days after a search of the same Nkoabang property on September 9.

During that operation, investigators reportedly found five vehicles, several hundred kilogrammes of food, functioning freezers and about 30 rooms on the property.

They also discovered a pit about two metres deep, although its purpose had not been established at the time.

The Nkoabang investigation followed an earlier operation at a property associated with Mercy of God Ministry in Ngousso, Yaoundé, on September 6.

Twenty people — 10 women, eight men and two children aged six and seven — were reportedly found in a basement at the property.

The discoveries prompted security agencies to investigate other locations allegedly connected to the ministry.

Kenechukwu remains at large, with Cameroonian authorities reportedly alerting border police and involving Interpol in efforts to locate him.

The investigation into the activities at the properties and the circumstances surrounding the newly discovered body is ongoing. (PUNCH)

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2027: Obi will restore fuel subsidy in ‘different form’ — Kwankwaso

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The Vice Presidential candidate of the Nigeria Democratic Congress (NDC), Rabiu Kwankwaso, has said a government led by the party’s presidential candidate, Peter Obi, would reintroduce fuel subsidy, but through a different approach.

Kwankwaso, a former Kano State governor, said this during an interview with Arise News while discussing fuel pricing and the economic policies of President Bola Tinubu’s administration.

He said the NDC would seek ways to reduce the cost of petrol for Nigerians, including increased investment in domestic refining.

“No, no, no, look. We are bringing subsidy in our own way,” Kwankwaso said when asked whether the party’s position on subsidy would affect its campaign in the North-West.

Explaining the proposed approach, he said government could establish more refineries to boost local production and reduce dependence on imported petroleum products.

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According to him, the expansion of domestic refining capacity would help ensure that Nigerians can purchase petrol at what he described as a reasonable price.

“Now, if individuals in this country could build refineries, I see no reason why government, under certain circumstances, will not build a refinery or refineries to the extent that we achieve the minimum requirement,” he said.

Kwankwaso said the NDC would prioritise measures aimed at lowering fuel prices.

“What is the minimum requirement? The minimum requirement is for the people across the country to go to the filling stations and buy fuel at a reasonable price,” he added.

“We, in the NDC, will do whatever it takes, really, to put the price of oil down.”

The NDC chieftain also criticised how Tinubu removed the petrol subsidy shortly after assuming office in 2023.

He noted that the major presidential candidates in the 2023 election had supported subsidy removal but faulted Tinubu for implementing the policy immediately.

According to him, the decision was taken without adequately addressing the consequences associated with subsidy removal.

“And not only he decided to remove the subsidy, what he did was to remove it immediately — in fact, day one — without looking at all those possible issues that were associated with that,” Kwankwaso said.

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Enugu Air Launches New Website

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…moves online services to www.enuguairlines.ng

Enugu Air has announced the launch of its new official website, enuguairlines.ng, as part of efforts to provide passengers and customers with a better, safer and more convenient digital experience.

The airline said the migration to the new website is designed to improve how passengers connect with Enugu Air and access its services online, including flight bookings, schedules and the latest updates.

Announcing the development, the airline said: “We’ve moved! We’re innovating! We’ve migrated to a better, safer and convenient website to connect you to the world.”

Passengers can now access Enugu Air’s online services through its new web address, enuguairlines.ng, which the airline described as its new digital home.

The airline urged passengers and prospective travellers to save the new web address and use it for flight bookings, checking schedules and obtaining the latest information about its operations.

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“Same Enugu Air. New web address,” the airline stated, emphasising that the change represents an improvement in its digital platform while retaining the Enugu Air brand and services.

The airline further encouraged customers to visit, www.enuguairlines.ng for all flight-related information and online services.

It further stated that the old website, enuguairlines•com has been discarded and no longer in use.

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