News
NNPC Spent N1.1tr On Subsidy, Oil Exploration, FAAC Remittance In 7 Months
The Nigerian National Petroleum Corporation (NNPC) spent N1.165 trillion to subsidize petrol, for oil exploration and remittance to the Federation Account Allocation Committee (FAAC) in seven months of this year.
According to NNPC monthly FAAC report for September, the three expenditure items gulped 57 per cent of the total revenue distribution of N2.043 trillion done by the national oil company in the first eight months of 2021. The balance of N878bn was distributed for other expenditures including crude oil lifting inspection expenses.
On subsidy which NNPC describes as under-recovery of Premium Motor Spirit (PMS) value shortfall, the corporation spent N714.791bn within seven months, from February to August.
While there was no subsidy spent in January, NNPC spent N25.37bn in February and that figure rose by nearly three times in March to N60.396bn. The corporation then spent N61.966bn in April which more than doubled to N126.298bn in May, following a reported higher rise in the landing cost of imported petrol.
The national oil company further incurred a higher cost in petrol subsidy of N164.337bn in June but declined to N103.286bn by July; however, by August, the gain was reversed when subsidy cost rose to N173.132bn, the highest figure published so far.
The Minister of State, Petroleum Resources, Timipre Sylva, has continually reiterated that the government was committed to ensuring the total removal of subsidy from next year especially with the implementation of the Petroleum Industry Act (PIA) as Nigerians await the impact of the decision.
Frontier exploration gulps N20bn
NNPC also spent N20.681bn on frontier oil exploration in seven months with the highest expenditure done in August. While it spent N1.964bn on exploration activities in January, the bill slightly dropped to N1.920 in February but rose to N2.250bn in March. There was no expenditure on oil exploration in April but the figure rose to N3.216bn in May, and dropping to N2.715bn in June. While oil exploration expenses dropped to N2.443bn in July, it rose by three times in August to N6.167bn.
This expenditure on oil exploration is being made at a time when global leaders are shifting from the use of fossil fuel to renewable and clean energy. However, Sylva recently said Nigeria will gradually lead its energy transition by focusing on gas exploration towards reaching a cleaner energy goal.
More so, in the recently signed PIA, 30 per cent of oil proceeds has been pegged for oil exploration activities at the frontier basins with concerns that these activities are concentrated in the north.
However, the Governor of Nasarawa State, Engr. Abdullahi Sule, at an oil and gas union gathering last week in Abuja, clarified this misconception saying what refers to as frontier encompasses all new exploration areas including the Niger Delta, with the Benue Trough exploration reaching Calabar, the Cross River State capital. He also said it includes the Benin Basin and some undeveloped offshore areas in the South-South.
FAAC gets N429bn in 7 months
The corporation also remitted N429.284bn oil proceeds to the FAAC for seven months during the period as it skipped remittance in April.
The breakdown of the remittance shows that NNPC remitted N90.860bn in January, but that dropped to N64.161bn in February, and further depleted to N41.184bn in March 2021.
There was no remittance in April which was said to have gone for subsidizing petrol pump price per litre to keep it at the 162 to N165 price band.
By May, the remittance to FAAC dropped to N38.608bn but rose significantly to N47.162bn in June and higher to N67.280bn in July before climaxing at N80.030bn in August.
News
Insecurity in Nigeria: US Lawmaker Accuses Matawalle of Attempt to Silence Global Scrutiny
Insecurity in Nigeria: US Lawmaker Accuses Matawalle of Attempt to Silence Global Scrutiny
A fresh controversy has erupted over Nigeria insecurity, drawing international attention after a United States lawmaker, Kimberly Daniels, accused the Minister of State for Defence, Bello Matawalle, of attempting to suppress global scrutiny of ongoing violence across parts of the country.
Daniels, a member of the Florida House of Representatives and Chairwoman of the United World Congress of Diplomats, made the allegations during a Facebook Live broadcast, where she claimed there were coordinated efforts linked to the minister to influence American officials and control the narrative surrounding the security crisis in Nigeria.
According to Daniels, her earlier statements highlighting what she described as targeted killings in Nigeria, particularly affecting Christian communities, triggered pressure from individuals she alleged were associated with Matawalle. She said these efforts included attempts to discredit her report, circulate counter-narratives, and lobby U.S.-based elected officials to publicly oppose her position. Daniels further alleged that an unnamed American lawmaker was “persuaded” to defend Nigeria’s defence leadership, raising concerns about possible external influence on U.S. political voices.
“I am speaking on behalf of people who say they are under attack,” Daniels stated, emphasizing that her intervention was intended to call for investigation into the violence in Northern Nigeria rather than make outright accusations. She insisted that no amount of pressure would silence her, citing her constitutional right to speak on international human rights issues.
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The controversy stems from a report released on April 14, 2026, by Daniels under the UN-WCD, which spotlighted escalating insecurity in Northern Nigeria, particularly in the North-Central and North-West regions. The report referenced attacks during the Easter period in Plateau, Kaduna, and Nasarawa states, noting what it described as a widening gap between government assurances and the realities faced by communities on the ground.
In addition to documenting the Nigeria killings crisis, the report questioned the credibility of the current defence leadership and recommended a review of the country’s security architecture. It specifically called on Bola Tinubu to consider redeploying Matawalle and initiating a transparent investigation into both the security situation and the allegations of influence operations.
Daniels maintained that her findings were based on testimonies from affected communities, contributions from members of the Nigerian diaspora, and intelligence gathered through the UN-WCD’s multinational network spanning the United States, Nigeria, Ghana, the United Kingdom, and Canada. She stressed that the aim was to promote accountability and draw global attention to the worsening insecurity in Nigeria, not to interfere with the country’s sovereignty.
As of now, Matawalle has not issued an official response to the allegations. However, the development has sparked debate within political and diplomatic circles, with some Nigerian stakeholders cautioning against foreign involvement in domestic security matters, while others argue that international attention could help address the Nigeria security crisis more effectively.
The situation underscores growing global concern over banditry in Nigeria, insurgency, and communal violence, as well as increasing scrutiny of how Nigeria’s defence leadership is handling the crisis. It also highlights the expanding influence of diaspora voices and foreign lawmakers in shaping international narratives around Nigeria’s internal security challenges.
Insecurity in Nigeria: US Lawmaker Accuses Matawalle of Attempt to Silence Global Scrutiny
News
BREAKING: Tinubu Allegedly Shakes Up Cabinet, Removes Wale Edun, Ahmed Dangiwa
BREAKING: Tinubu Allegedly Shakes Up Cabinet, Removes Wale Edun, Ahmed Dangiwa
President Bola Ahmed Tinubu has reportedly approved a minor cabinet reshuffle involving key changes in the Federal Executive Council (FEC), including the removal of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, alongside the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa.
The development was said to have been contained in a memo signed by the Secretary to the Government of the Federation (SGF), Senator George Akume, directing immediate transition processes across the affected ministries.
Wale Edun, Dangiwa Relieved of Ministerial Duties
According to the reported directive, Wale Edun has been asked to hand over duties at the Ministry of Finance and Coordinating Minister of the Economy. Similarly, Arc. Ahmed Musa Dangiwa is to vacate his position as Minister of Housing and Urban Development.
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The memo reportedly instructed that all handover processes be concluded on or before close of business on Thursday, April 23, 2026, ensuring a smooth administrative transition within the affected ministries.
Succession Arrangements and Ministerial Changes
The document further stated that Mr. Taiwo Oyedele has been named as the incoming Minister of Finance and Coordinating Minister of the Economy, following Edun’s exit.
In the housing ministry, Dr. Muttaqha Rabe Darma has reportedly been nominated as Minister-designate for the Ministry of Housing and Urban Development, pending formal confirmation procedures. Until then, Dangiwa has been directed to hand over to the Minister of State within the ministry.
Presidency Explains Reason for Reshuffle
Explaining the development, SGF George Akume was quoted as saying the changes are aimed at improving cohesion, synergy in governance, and economic delivery under the administration’s Renewed Hope Agenda.
He added that President Tinubu acted within his constitutional powers under Sections 147 and 148 of the 1999 Constitution (as amended), emphasizing that cabinet adjustments remain part of ongoing efforts to improve governance efficiency.
Presidential Appreciation and Next Steps
The memo also reportedly conveyed President Tinubu’s appreciation to outgoing ministers for their service to the nation, while wishing them success in their future engagements. It further indicated that the President assured Nigerians and cabinet members that government reinvigoration efforts will continue periodically.
BREAKING: Tinubu Allegedly Shakes Up Cabinet, Removes Wale Edun, Ahmed Dangiwa
News
Power Firm to Hold Virtual Stakeholder Meeting on Rainy Season Electrical Safety
Power Firm to Hold Virtual Stakeholder Meeting on Rainy Season Electrical Safety
A power distribution company has announced plans to hold its April Virtual Stakeholder Engagement aimed at educating customers on safety measures during the rainy season.
In a notice issued to customers, the company said the virtual session would focus on the dangers associated with exposed electrical wires, flooded installations, and the increased risk of electric shock that often accompanies heavy rainfall.
The engagement, scheduled for Thursday, April 23, 2026, from 11:00 a.m. to 1:00 p.m., will be held via Microsoft Teams, allowing participants to join remotely.
According to the company, the initiative is part of efforts to promote public safety and reduce electricity-related accidents during the rainy season, when infrastructure is more vulnerable and risks are heightened.
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Beyond safety concerns, the session will also provide practical tips to help customers navigate the season safely, including guidance on energy efficiency to reduce consumption and costs.
The company further disclosed that it would share updates on its waste-management support initiatives targeted at public schools, as part of its broader corporate social responsibility programmes.
Customers and other stakeholders are encouraged to participate in the session to gain valuable insights and contribute to discussions aimed at improving safety and sustainability in communities.
The company reiterated its commitment to customer welfare, urging the public to remain vigilant and adhere to recommended safety practices during the rainy season.
Power Firm to Hold Virtual Stakeholder Meeting on Rainy Season Electrical Safety
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