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Petrol scarcity hits critical point nationwide as imports slump
Petrol scarcity hits critical point nationwide as imports slump
The lingering petrol scarcity crisis in Nigeria has reached a critical point, with marketers unable to replenish their rapidly depleting stock.
As the shortage persists, amid the admission of $6billion debt to offshore product suppliers by NNPC Ltd, stakeholders are advocating for transformative measures to address the issue. They emphasise the urgent need to bolster domestic refining capacities and implement full deregulation of the petroleum sector.
They expressed worry that Nigerians may be on a long walk to freedom as NNPC Ltd, the sole importer of petrol, is currently cash-strapped and currently unable to sustain importation, leaving the country with a single option of hiking the price to reflect market realities.
Petroleum sector players have also urged the government to exhibit the boldness and resolve necessary to decisively end the subsidy regime, rather than imposing further hardships on the Nigerian populace.
The Publicity Secretary of the Crude Oil Refiners Association of Nigeria (CORAN), Mr. Eche Idoko, told Daily Sun that the current situation is a national disgrace, particularly for a nation endowed with abundant hydrocarbon resources.
He explained that the failure of the government to implement earlier recommendations by the last administration aimed at giving a boost to modular refinery operations in the country was responsible for the current crisis.
The CORAN Publicity Secretary said part of the recommendations was for the government to set aside about $11 billion special fund for modular refineries to empower them by scaling up their production to include petrol through the procurement of catalytic converters.
According to him, the other part of the recommendation was for the government to make available adequate crude oil for modular refinery operators.
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Idoko disclosed that as at today, the refining capacity of modular refineries is in the region of about 200,000 barrels per day, saying when that is added to the 650,000 barrels of Dangote Refinery, the country would have succeeded in being self sufficient and could still export to earn foreign exchange.
However, he said, those recommendations were never implemented when the new administration came on board and that has led the country to where it is today.
Also speaking, Mr Rabiu Bello, Senior Independent Non-Executive Director at Seplat Energy Plc., said that collaborating with local refineries to process the daily allocation of 445,000 barrels of crude oil, based on a tolling arrangement, would help the government secure petroleum products needed for domestic consumption and allow export of excess products.
In his intervention, the National President of the Petroleum Retail Owners Association of Nigeria (PETROAN), Mr. Billy Gilly-Harris, said this is the best time for the NNPC Ltd to bring back its refineries to operation, saying the nation cannot afford to continue with the lingering energy crisis.
He said it has now become obvious more than ever that the government was still subsidizing fuel and cannot continue to say otherwise under what they continue to call under-recovery.
Gilly-Harris said the Port-Harcourt and other refineries should be quickly commercialized in partnership with those that are serious to do business. The PETROAN President urged the government to as a matter of urgency completely deregulate the downstream sector and allow more private sector players to bring in products and sell at the appropriate price.
“Today, there is nowhere in the world where petrol has landed below $1. And looking at that amount in the Nigeria scenario, where our exchange rate keeps fluctuating. If it is landed at $1 in Nigeria including all associated costs, that should give you an idea of what the actual cost should be.
Some of the marketers who spoke to Daily Sun in separate interviews under anonymity projected that the continued intervention of NNPC Ltd in petrol pricing was no longer sustainable as the importer of last resort has finally come out to say the petrol cost was a strain on its finances.
They said Nigerians should be ready to pay the actual cost of petrol which they pegged at about N1,450 per litre, including all other associated cost.
Meanwhile, loading activities at the Apapa Depot recorded further decline yesterday, as fewer trucks were seen on the queue.
Some of the oil trading companies lamented that fewer cargoes were calling at the nation’s water, an indication that the level of imports have dropped significantly.
Already, petrol has hit N1,500/litre in various parts of Lagos and environs, while the product has skyrocketed to over N2,000 up north.
The frightening development has already taken a toll on transportation and food prices.
Many jurisdictions reported that transportation costs have doubled in the last 48 hours, just as the prices of goods and foods are at stratospheric heights.
Petrol scarcity hits critical point nationwide as imports slump
SUN
metro
ADC Crisis: Fani-Kayode Says Party ‘Rejected’ After INEC Derecognition
ADC Crisis: Fani-Kayode Says Party ‘Rejected’ After INEC Derecognition
Nigeria’s Ambassador-designate to Germany and chieftain of the All Progressives Congress (APC), Femi Fani-Kayode, has launched a fierce attack on leaders of the African Democratic Congress (ADC) following the INEC derecognition of key party officials, describing the development as proof of political rejection.
The controversy erupted after the Independent National Electoral Commission (INEC) removed David Mark and Rauf Aregbesola from its official portal as the ADC’s national chairman and national secretary, respectively. The decision was based on the commission’s interpretation of a Court of Appeal ruling on the party’s lingering leadership crisis, further deepening internal divisions within the opposition platform.
Reacting in a post on X, Fani-Kayode mocked the party’s leadership, insisting that the ADC has effectively lost its political footing due to repeated legal and institutional setbacks.
“Given the fact that they have been affected by the decisions of the courts and INEC and they no longer have a party and platform to stand and run on… who are the ones that have been rejected now?” he wrote.
He doubled down on his criticism, stating that the party has suffered rejection from multiple fronts, including the courts, electoral authorities, its founders, and the Nigerian electorate.
The former minister also questioned the party’s 2027 election prospects, suggesting that the ADC is no longer in a position to mount any serious challenge in the next general elections.
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“May I suggest that they channel all their energy to building up and forming a real opposition party over the next five years and then field a candidate for the 2031 presidential election? Given the circumstances, that is their best bet because 2027 is already lost to them,” he said.
In a strongly worded critique, Fani-Kayode blamed the party’s current troubles on what he described as poor leadership and lack of substance, accusing its officials of focusing on rhetoric rather than solutions. He argued that the crisis was self-inflicted and a consequence of failing to build a credible political structure.
Despite the setback, the ADC has attempted to project resilience. Party officials confirmed that INEC communicated the development but insisted that the situation does not signal the collapse of the party. According to the party, more than 40,000 Nigerians have recently joined the ADC, a claim aimed at demonstrating continued grassroots support amid the turmoil.
Sources within the party indicate that consultations are ongoing, with possible legal steps being explored to challenge INEC’s action and clarify the implications of the appellate court ruling.
The unfolding ADC leadership crisis highlights broader issues within Nigeria’s political system, particularly the role of the judiciary in party administration and the struggle of smaller parties to maintain internal cohesion. Analysts say the development could influence political realignments ahead of 2027, as affected politicians may seek alternative platforms.
For now, the exchange has intensified political tensions, with Fani-Kayode’s remarks amplifying debate over party legitimacy, electoral readiness, and the future of opposition politics in Nigeria.
ADC Crisis: Fani-Kayode Says Party ‘Rejected’ After INEC Derecognition
metro
Nigerians to Enjoy Four-Day Break as FG Declares Easter Holidays
Nigerians to Enjoy Four-Day Break as FG Declares Easter Holidays
The Federal Government has declared Friday, April 3, and Monday, April 6, 2026, as public holidays to mark this year’s Easter celebration, a development expected to bring relief and excitement to millions of Nigerians across the country.
The announcement, made ahead of the Holy Week, effectively creates a four-day holiday period from Good Friday through Easter Monday, offering workers, students, and families an extended break for religious observances and social engagements.
The Minister of Interior, Olubunmi Tunji-Ojo, acting on behalf of the Federal Government, is expected to formally communicate the directive through a circular to all Ministries, Departments, and Agencies (MDAs), while urging Nigerians to use the period to reflect on the virtues of sacrifice, love, and unity exemplified by the life of Jesus Christ.
Good Friday, observed on April 3, commemorates the crucifixion and death of Jesus Christ, while Easter Sunday, which falls on April 5, celebrates His resurrection—regarded as the cornerstone of the Christian faith. Easter Monday, April 6, traditionally serves as a continuation of the celebration, often marked by relaxation, family gatherings, and community events.
In line with the declaration, government offices, financial institutions, and many private establishments are expected to shut down operations on the designated days. However, essential service providers, including security agencies, healthcare workers, and emergency responders, have been directed to ensure uninterrupted services throughout the period.
The Easter holidays are widely regarded as one of the busiest travel periods in Nigeria, with increased movement across states as citizens visit loved ones or attend religious programmes. In anticipation of this, security agencies have reportedly heightened surveillance and operational readiness to safeguard lives and property, particularly along major highways and in urban centres.
The Federal Road Safety Corps (FRSC) and other relevant authorities are also expected to deploy personnel strategically to manage traffic flow and respond swiftly to emergencies during the festive period.
Across the country, the announcement has been met with enthusiasm, especially among families and religious groups planning church conventions, retreats, and outreach programmes. Many Nigerians have expressed delight at the opportunity to enjoy an extended holiday without drawing from their annual leave allowances.
Observers note that the declaration reflects the government’s continued recognition of Nigeria’s religious diversity and its commitment to allowing citizens observe key spiritual events in an atmosphere of peace and inclusiveness.
As Christians prepare to celebrate Easter, religious leaders have called on Nigerians to imbibe the values of love, tolerance, and selflessness, which the season represents, while also praying for national unity and progress.
Nigerians to Enjoy Four-Day Break as FG Declares Easter Holidays
metro
Akwa Ibom Barber Jailed 14 Years for Defiling 12-Year-Old Girl
Akwa Ibom Barber Jailed 14 Years for Defiling 12-Year-Old Girl
An Akwa Ibom State High Court sitting in Ikot Ekpene has sentenced 32-year-old barber, Ofonime Augustine Etim, to 14 years’ imprisonment without an option of fine for defiling a 12-year-old girl, reinforcing Nigeria’s commitment to child protection and sexual offence enforcement.
The convict, who hails from Abama village, Obot Akara Local Government Area, was found guilty of committing the offence on May 10, 2023, in Ikot Obong Otoro, Abak Local Government Area, Akwa Ibom State.
During the trial, the State Ministry of Justice prosecution team called three witnesses, including the Investigating Police Officer (IPO) and a consultant gynecologist, and tendered documentary evidence. The medical evidence was pivotal, with the gynecologist confirming a 2cm deep vaginal wall laceration and multiple bruises, consistent with forceful sexual penetration.
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The IPO testified that the victim had been abducted and taken to the convict’s residence, while the victim’s elder sister recounted that the girl had been missing for several days before being rescued and taken to a hospital for treatment.
Justice Augustine D. Odokwo, who presided over the case, ruled that the prosecution had proven the case beyond reasonable doubt, dismissing the convict’s own testimony as unsubstantiated. The judge emphasized the gravity of the offence, stating, “The law is designed not only to punish but to deter others from such acts. Children must be protected.”
The court ordered that the time Etim has spent in custody since May 13, 2023, be deducted from his sentence. It also directed that the convict’s name be entered into the State Sex Offenders Register, while all exhibits tendered during the trial remain in court custody pending any appeal.
Child protection advocates hailed the verdict, noting that it sends a strong message that perpetrators of child defilement and sexual abuse will face strict penalties, reinforcing justice and safety for minors across the state.
Akwa Ibom Barber Jailed 14 Years for Defiling 12-Year-Old Girl
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