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President Muhammadu Buhari may handover the reins of power to president-elect, Bola Tinubu on May 29, 2023 without giving approval for the removal of fuel subsidy, which has been eating away at the country’s finances.


Buhari’s government has been under pressure from international institutions like the IMF and the World Bank to remove the subsidy on Petroleum Motor Spirit before leaving office as this would provide political cover for the incoming administration.

Successive governments since 1999 have been unable to muster the political will to remove the subsidy as it is hugely popular in the country and previous attempts to end it have led to social unrest.

LEADERSHIP Weekend learnt from a reliable source that no circular on effecting the removal of the subsidy on PMS has been issued by the Minister of Finance, Zainab Ahmed or even the presidency with less than 60 days left in the administration.

The government official describe recent comments by the minister that the subsidy will be remove before May 29, the handover date, simply as political rhetoric as the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the successor agency for the Petroleum Products Pricing Regulatory Agency, is also yet to share a pricing template with relevant agencies and ministries for a deregulated PMS market.


The official added that current appointees of the Buhari government are concentrating on clearing their tables before a new government comes on board.


The minister of state for Petroleum Resources, Timipre Sylva had also resigned from office on March 14, 2023 to pursue his governorship ambition in Bayelsa. LEADERSHIP Weekend contacted his media, Julius Bokoru by telephone to ascertain the level of preparedness the minister had made for the removal of the subsidy before resigning from office. Bokoru declined to respond.

In spite all this, stakeholders in the downstream oil and gas industry have been working on a number of strategies to create a balanced market operation, ignoring the uncertainties around the timeline announced by the federal government to jettison petrol subsidy regime.


Added to the lack motion from the presidency, LEADERSHIP WEEKEND reports that some senators across political party lines have rejected the proposal on petrol subsidy removal as presented by President Buhari.

Buhari had in the 2023 – 2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), proposed N3.6 trillion in the 2023 Budget for fuel subsidy, which was from January to June.

The Joint Senate Committee on Finance and Economic Planning, which worked on the document had while submitting it’s report at plenary, cut the N3.6 trillion subsidy provision to N1.7 trillion in order to reduce the fiscal deficit of N11.3 trillion contained in  the MTEF/FSP.

The proposal of the Senate panel on subsidy was however rejected at plenary but the House of Representatives okayed its Committee’s recommendation which was N1.7 trillion.

Buhari, in the 2023 fiscal document presented before the joint sitting of the two chambers of the National Assembly had proposed that the subsidy regime would terminate with his administration on May 29, 2023.

However, some senators vowed to extend the terminal date for the subsidy removal to the end of 2023.

They argued that stopping the subsidy regime at the time a new administration would be taking over power, would create a lot of crisis.

The senators pledged to rework the fiscal document to make sure that the terminal date for the discontinuation of subsidy payment was shifted to December 2023.


At the presentation of 2023 budget breakdown last year, the minister of finance, budget and national planning, Zainab Ahmed said the federal government had budgeted for a two-dimensional scenario for the planned removal of fuel subsidy.

As it stands, it’s certain the subsidy regime will end by mid-2023. Both the finance minister and governor of the Central Bank of Nigeria have said the subsidy regime would be ended on or before May, 2023.

So far, Nigeria has been able to deregulate Kerosine prices, Diesel prices. The only one that is not deregulated is PMS. The current administration is planning to comply with the PIA, because it is an Act of the National Assembly.

She believes that the lack of actual deregulation of the sector is robbing Nigeria of the needed revenues, saying the subsidy is currently being given to people that can afford it. Stating that there is no provision for subsidy in the 2022 budget from July next year, Ahmed reiterated the government’s readiness to abolish the incentive from July 2022.


No welfare package to cushion effect of subsidy removal

LEADERSHIP Weekend recalls that the federal government is yet to adopt a social welfare measure to cushion effects of the planned fuel subsidy removal. “So, the numbers are still to be discussed and to be agreed upon,” the finance minister said.

The minister had said while the government is determined to implement provisions of the Petroleum Industry Act, prescribing absolute deregulation of the oil sector, it is also being mindful of adopting a measure that would be practicable and easy to implement.


The executives had proposed to provide a welfare pack for a population of between 5000 and 40 million poor and vulnerable Nigerians in a period of one year to cushion the expected economic impact of the potential subsidy removal, a move that was widely criticised as misplaced priority by most Nigerians.

This is as the Nigerian National Petroleum Company, NNPC, Limited had made it clear that it would no longer remit any money to the Federation Accounts Allocation Committee for sharing to the three tiers of government monthly.

It said this was based on its latest transition from a public corporation to a limited liability company and that it currently owed no money to FAAC, as all monetary arrears to the committee were owed by the old corporation and not the new oil company.

This declaration followed official unveiling of the NNPC Limited by Buhari who at the occasion declared that the new entity was henceforth free from institutional regulations.

Buhari, who made this public at the Presidential Villa, Abuja, stated that the oil firm would from now on conduct itself under best international business practice.

Before its official unveiling as a limited company, the NNPC had failed to make any remittance to FAAC since 2021. It had consistently deducted the amount it spends on fuel subsidy monthly, a development that had eroded the funds which it would have remitted to the committee.

Between January and May 2022, the NNPCL, had spent N1.274tn on petrol subsidy, being the sole importer of the commodity into Nigeria. 

It described its subsidy spending as under-recovery of a Premium Motor Spirit/value shortfall.

Chief Executive Officer, NNPC Limited, Mele Kyari, stated that the firm was now a private outfit and had nothing to do with FAAC anymore.

Under present circumstances, Kyari said, the company would pay our taxes, royalties and deliver dividends to its shareholders.

Kyari said, “You now have a smarter, more responsive and much more accountable company that must act within the premises of all regulations that are in Nigeria for private companies.

“It must also meet the standards of best practice in every industry in terms of governance, complying with regulations and beyond these, eyes are on the ball that your shareholders are expecting you to deliver value to them.


“That value must translate in two forms. One is that they must see dividends and the second part is that you must deliver energy in this country. This company is now in a position to do both of them because it is now a nimble company, can act, borrow and return peoples money quickly.”

He said the firm would now make decisions very quickly, get the best class of people anywhere in the world, inject them into the company and get its Initial Public Offer ready by June 2023.

“I am sure Nigerians will see a very different company in the coming days and months. And we are convinced that by the mid of next year this company will be IPO ready,” Kyari stated.

Addressing the issue of subsidy, he said, “Subsidy is not NNPC’s burden. Subsidy is the decision of the state and in every jurisdiction anywhere in the world, countries see them differently. In some countries, they put petroleum tax on top of the market price of these products.

“So when decisions are to be made in some jurisdictions they will reduce the level of taxation. That also is another form of subsidy. In some countries, you have zero taxation but you will pay the market price for the commodity. That also in a way, in fiscal system, looks at it from a subsidy point of view.

“In very many countries, a leader can decide that I don’t even want my countrymen to buy it at the market price. I’m ready to reduce that price for them so that they can buy.”

He explained further, “In either case, whichever way the decision and the policy of the state decides, you know NNPC is there in the space to provide the product to the state at commercial value and, of course, it is also our duty to deliver to the customer at the price that the state wants.

“So it is no longer an NNPC issue. NNPC will have no issue with this. NNPC will be happy to supply because we will now see the state as our customer.”

Remove Fuel Subsidy, Fix Refineries, PENGASSAN Tells Federal Govt

He further explained that the new NNPC had no need for a sovereign guarantee, as lenders would only ask for such when the company seeking the loan lacked access to its assets.

“Today the assets are in our books and have been transferred to us. That is what banks are looking for, and that is the reason why they ask for a sovereign guarantee,” he stated.


Meanwhile, in the midst of these unclear policy direction, stakeholders midstream and downstream sectors have urged the Federal Government to address key challenges and outline strategies for a sustainable future in the petroleum downstream sector. 

They made the appeal during a virtual online workshop with the theme “Deregulation of the Nigerian downstream sector: The day after,” organized by the Nigerian Petroleum Downstream Industry in collaboration with the African Refiners and Distributors Association (ARDA) held in Lagos.

The Authority Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory (NMDPRA), Farouk Ahmed, in his comments stated that the Authority shall allow free market pricing once the sector was fully deregulated.

Alhaji Lawal Yusuf Othman, National President of the Nigerian Association of Road Transport Owners (NARTO), in his presentation, warned that the full deregulation of the downstream sector and complete removal of petrol subsidy will introduce a mix of opportunities and challenges into the operating environment.

The Executive Secretary, ES of Depot and Petroleum Products Marketing Association of Nigeria, DAPPMAN, Femi Adewole explained that market liberalization means the removal of government subsidies and price controls on petroleum products, and allowing market forces to determine the price and supply of petroleum products.

National President, Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, who was represented by Mr. Mike Osatuyi, IPMAN’s National Operations Controller, revealed that the marketers are in full support of the government’s plan to embark on full deregulation of the downstream sector.

He warned Nigerians to prepare to pay up to N750 for every litre of petrol after the full implementation of the subsidy removal, adding that the pump price is likely to drop to around N500 if the Government encourages the Central Bank of Nigeria (CBN) to provide forex to marketers at the official rate.

Industry stakeholders at the workshop called on the government to implement appropriate palliatives in the form of public transportation, freight of agricultural produce, ensure transparent and effective communication, improve access to foreign exchange, trade finance, guarantee strategic stock, and provide access to crude oil for refineries ahead of the plan to embark on the total removal of petrol subsidy.

The workshop offered the industry regulator and all players across the midstream and downstream value chain the opportunity to deliberate on measures that needed to be put in place ahead of the full implementation of the Petroleum Industry Act (PIA) in Nigeria.

The Chairman of Major Oil Marketers Association of Nigeria (MOMAN), Mr. Olumide Adeosun, who doubled as the facilitator, stated that the virtual workshop aimed at addressing key challenges and outlining strategies to ensure a sustainable future for the petroleum downstream sector. He added that safeguarding consumer interest in a deregulated environment was also underscored.

The collaborative workshop provided a platform for stakeholders to share knowledge and develop strategies to ensure the Nigerian Petroleum downstream Industry remains a strong, competitive force while transitioning to a more sustainable future.

On current landing cost of petrol, an indigenous oil trader who pleaded for anonymity, said the cost is not steady as it is determined by two key factors which he said include exchange rate and products country of origin.

“The source of the product could alter the landing cost and also the trading exchange rate. But largely in Nigeria, what eventually determines the outcome of the pump price is associated costs of hiring daughter vessels to evacuate products from mother vessels in the high sea and down to the depots.

“As at last year to charter a daughter vessel depending on the size is about $35,000 but today we pay as high as $75,000 a day and this is built on the final cost.

“The NNPCL will allocate volume to marketers and they expected to hire vessels for evacuation and delivery at depots, so we have to recover costs when selling to other marketers operating petrol stations” he explained.

Last modified on Saturday, 01 April 2023 07:20

The Nigeria Police Force has said that officers reserve the right to arrest without the issuance of arrest warrant, except in some special cases.

The Force Public Relations Officer, Olumiyiwa Adejobi made this known in a video posted on the official Twitter of the force on Saturday, where he differentiate between Invitation and arrest.

“We have two things, we have a call invitation and arrest, It is not all time we arrest, almost times we send people out to go and invite, police on invitation with their ID card will tell you I’m so so person, that we need you in our station to come and clarify issues. It is different from arrest.

“Arrest will not tell you we are for invitation, they will come, while the law says in most cases they should tell you why you are been arrested, but it depends, the man should use his discretion to determine whether the circumstance or ground will allow him to explain issues to you, that this is why you are arrested.

“If the place is not so tensed, the man will tell you that you are been arrested for so so offences, but not in all cases.

“Whether the man explains to you or not, one thing is certain, that police man who has been sent out there has the power to arrest you, and not in all cases that this arrest must have warrant or this officer must poses a warrant of arrest, so far an offence is a felonious offence, a policeman has the powers, authority to arrest you without warrant.

“Except in some cases that the law has described or rather said we should have warrant to arrest, in cases of false assumption of office, abuse of office, bargaining for office in public service, fabricating evidence and the likes,” he explained.



President Muhammadu Buhari has approved the release of N15 billion to implement the exit strategy and the immediate repatriation of the Nigerian refugees in the neighbouring countries of Cameroon, Niger and Chad displaced by the Boko Haram insurgency.

A breakdown of the amount shows that the sum of N6 billion was released to the Borno State Government; N3 billion to the Defence Headquarters; N2.5 billion to NEMA and N3 billion to the Refugee Commission for the first phase of the work of the Presidential Committee.

Consequently, the Vice President, Yemi Osinbajo, has directed all government agencies involved in the implementation of the work of the Presidential Committee on the Repatriation, Returns and Resettlement of Displaced Persons in the North-East to harmonise items needed and their prices in all procurements to be undertaken on behalf of the Committee.

Osinbajo, who is the Chairman of the Committee, also directed effective monitoring and evaluation of the implementation at a meeting he presided over today at the Presidential Villa.

He gave the directives during a meeting at the Presidential Villa, Abuja on Friday.

At the meeting, presentations were made by the Borno State Government, the Military, the National Commission for Refugees, Migrants and Internally Displaced Persons, and the National Emergency Management Agency

The Vice President, who expressed serious concern about the price differentials and the duplication of needs, directed that the Sub-Committee on harmonization of needs and prices should correct the situation.

He also directed that the Sub-Committee should be engaged with the task of effective evaluation and monitoring. He then specified that the Sub-Committee should work in consultation with Borno State Governor, who is also the Vice Chairman of the Committee Prof. Umara Babagana Zulum, regarding the harmonization of the needs and prices.

A statement by the Vice President’s spokesman, Laolu Akande quoted him as saying: “The President is very serious about the work of the Committee” emphasizing the need for judicious use of resources and transparency in the spending of the funds already released.

“It makes sense to have the already existing Sub-Committee liaise with the Governor of Borno State in order to streamline the needs and acquisition of requirements preparatory to the return of the IDPs.”

The meeting was attended by Borno State Governor Zulum, Governor of Gombe State, Muhammad Inuwa Yahaya; Chief of Staff to the President, Prof. Ibrahim Gambari; Director General of NEMA, AVM Muhammadu Alhaji Muhammed (Rtd.), and representatives of Chief of Defence Staff, Inspector General of Police, and other heads of agencies involved.

Speaking to journalists after the meeting, Governor Zulum said “the meeting is on the settlement of IDPs that are living in the Republic of Chad, Cameroon and Niger. Based on the recommendations of the Chairman of this Committee, the Vice President, the sum of N15 billion has been released to the Committee.

“We are here to discuss modalities of implementation, who does what. So far so good, a lot has been discussed, and many items will be procured so that the repatriation exercise will take place with immediate effect.

“More than 300,000 people have been repatriated, but under this phase, we are to begin the process. This is the 4th phase of the repatriation exercise which we shall embark on very soon. Guidelines were provided to respective agencies that are to handle this matter.”

Governor Zulum also disclosed that the modalities include what is to be given to the individuals in terms of food and non-food items. According to him, “what kind of houses shall we build, what is the transportation medium, what is the minimum threshold to return people from the neighbouring countries to Nigeria, these are some of the issues that we discussed according to international best practices.”

The Chief Spokesman for the Tinubu/Shettima Presidential Campaign Council, Festus Keyamo, has asked the international community to be careful of claims that the outcome of the February 25 presidential election was fraudulent.

In a tweet via his Twitter handle on Saturday, Keyamo said some Nigerians are deceiving Nigeria’s international friends that a mandate was stolen in order to raise funds to ‘protest’ the ‘stolen mandate’.

The Minister of State for Labour and Employment asked the international community to stop giving the alleged protesters money for their activities.

According to the chieftain of the All Progressives Congress (APC), many of those claiming that a mandate was stolen are already living big from such scams.

He wrote:

“A note to our international friends: some people here are deceiving you that a mandate was stolen in order to raise funds to ‘protest’ the ‘stolen mandate’. We call it ‘419’ in Nigeria or ‘yahoo yahoo’. Please, stop giving them money. Many are already living big from such scams. Thank you for listening!”

Recall that some Nigerians living in America under the aegis of the Nigerian American Coalition for justice and democracy have secured permission from the US government department of the interior, to stage a protest against the outcome of Nigeria’s 2023 Presidential election held on February 25.

The convener, Franklin Ekechukwu disclosed that the aim of the protest is to express their displeasure and rejection of the election.

The group will also present their Visa ban list to the White House, US Congress, and State Department on Monday, April 3, 2023, during their protest in Washington DC.

All Progressives Congress(APC) in Kwara State has suspended a former Senator representing Kwara South senatorial district, Senator Suleiman Makanjuola Ajadi, Special Assistant on Youths  Matters to Governor AbdulRahman AbdulRazaq, Mr. Rasaq Apaguntan and 10 others  from the ruling APC for alleged anti-party activities during the last general elections.

But in a swift reaction, Senator Ajadi described the suspension by the group as a huge joke taken too far.

Speaking at a news conference in Ilorin yesterday, the Assistant Secretary,  APC  Share Ward 5 in Ifelodun LGA, Mr. Issa Yunusa said that “the decision to suspend Senator Ajadi for alleged anti-party activities was reached at an enlarged meeting of the APC in Adio in Ifelodun LGA that involved ward executives, stakeholders and youths in the local government.”

He said that the former Senator allegedly directed all his supporters to vote against the APC House of Assembly candidate for Share/Oke-Ode state constituency, Hon. Rasaq Owolabi during the governorship and state House of Assembly elections.”

Yunusa added that, “To achieve his diabolical desire, a few days to the elections, Senator Ajadi mobilised the opposition parties, PDP, SDP, ADC, Accord Party and NNPP during a meeting at Babalomo and directed them to vote for Governor AbdulRahman AbdulRazaq in the governorship election but to vote for the PDP candidate in the House of Assembly elections and this manifested in the results recorded during the two elections in the state.”

Yunusa however said that,”Based on the overwhelming evidence of Senator Ajadi’s compromise of the party’s constitution, we therefore suspend him indefinitely from the party forthwith.”

Also yesterday, leaders of the APC in Share ward 1 and 2 in Ifelodun LGA suspended another five leaders of the party for alleged anti-party activities.

Addressing a news conference in Ilorin yesterday, the Spokesperson of the APC in the two affected wards, Mr. Yusuf Kolawole said that, “After an exhaustive    deliberations and review of the results of the Presidential and National Assembly elections held on February 25, 2023 and the Governorship and House of Assembly Elections of March 18, 2023, by the ward executive members, party elders and critical stakeholders, the meeting passed a Vote of No Confidence on the following individuals for their anti-party activities and gross indiscipline, which had resulted in the loss of APC candidate in Share Wards One (I) and Two (II) in the Governorship and House of Assembly election. 

“They are, Chief M. T Lawal, Mr. Samuel Fasobu Jimoh, Hon. Apaguntan Rasaq (S.A Youths to the Governor), Alhaja Barakat Atunshe – Board Member CAILS and Mr.  Rasheed Shuaib.

“Our great party, the APC thrives on absolute loyalty, faithfulness and discipline.

“Therefore, the party has found these individuals as unworthy APC members and agents of darkness, hence their indefinite suspension from the party today, Friday, March 31, 2023.”   

Last modified on Saturday, 01 April 2023 06:44

Nigeria’s major carrier, Air Peace attained another milestone yesterday when it launched nonstop flight services to Mumbai, the capital city of Maharashtra State in Southwestern India.

Air Peace said it is starting with two weekly flight frequencies to Mumbai with plans to commence Delhi operations as soon as the Mumbai service garners significant momentum.

“This direct, nonstop Mumbai service is a respite to Nigerians and Indians who have to travel for so many hours to India with stopovers via other countries,” the airline said. The Chief Operating Officer, Air Peace, Oluwatoyin Olajide, said: “The Mumbai route is our fourth international destination and is strongly indicative of our unwavering commitment to continually expand our route network to meet the evolving travel needs of not only the Nigerian market but also the West African sub-region.

“On May 31, 2020, Air Peace became the first ever Nigerian airline to operate the first direct flight from Nigeria to Kochi, India, airlifting 312 Indian citizens. In the same year and early 2021, we operated more than six evacuation flights afterwards, showing our strength and familiarisation with the Indian airspace.

“Our Mumbai service is direct- meaning no stopovers. So, you’re saving time, money and avoiding stopover stress. Also, we’re offering a launch fare of 450,000 naira. That’s unbeatable, especially considering that we’re deploying our comfy Boeing 777 aircraft, offering passengers best-in-class hospitality.”

According to her, the airline is strengthening its presence on the Asian continent with the launch of Mumbai service, adding that it is not just a big stride for the airline; but also a huge feat for Nigeria in the implementation of its Bilateral Air Services Agreement, BASA, with India, and deepening socio-economic ties between both countries.

Olajide disclosed: “Passengers can connect from Kano, Port Harcourt, Abuja, Accra, Monrovia and Douala through Lagos to Mumbai, and if you are connecting from any of the aforementioned domestic routes, the fare for the local leg is waived. These are some of the benefits you enjoy on our Mumbai service.

“Discussions are ongoing with some Indian airlines for an interline partnership so that we can connect not just the West but the North, East and South of India to Nigeria and the West African region. Our promise is to consistently provide seamless connections for our esteemed customers across continents.

“Air Peace is only eight years old, but we have done a lot and have more planned in terms of route expansion and fleet modernisation. As you may know, plans to launch Israel are on top gear as the Israeli government has approved April 20, 2023, as the kick-off date. Also being planned for launch are Jeddah, Malabo, Congo Kinshasa, Lome and we recently introduced Abuja-Banjul and Abuja-Dakar connections.”

The airline said it is investing in modern aircraft, adding that it has 37 aircraft currently and still expecting eight brand new Embraer 195- E2s and additional 15 brand new Boeing 737 Max 8 and 10 orders to boost its operations.

The COO expressed appreciation to the Nigeria Civil Aviation Authority (NCAA), Federal Airports Authority of Nigeria, the Ministry of Aviation, the Indian government, travel partners, and other stakeholders who contributed to making the Mumbai launch possible, assuring that the airline will work closely with all relevant aviation actors to ensure the new route is maximised.

To say that it is ‘appalling and disheartening’ that Nigeria’s power sector is yet to witness the needed improvement for greater impact on the people and the economy despite the huge amount of money sunk into it by successive governments is an understatement.

That, however, was how the Executive Chairman, Board of Directors, Geregu Power Plc, Mr Femi Otedola described the state of the power sector during the week.

Otedola who though, who acknowledged that the sector has its challenges, noted however that, they are surmountable problems. The major problem he pointed out, is transmission and everyone wonders as he did, why it has seemed impossible for successive governments to fix the issue of transmission.

Baring his mind on the sector while speaking at the “Closing Gong ceremony” and commemoration of the first Annual General Meeting (AGM) of the company on the floor of the Nigerian Exchange Limited (NGX) in Lagos, Otedola revealed the hard truth that if the power sector was well organised it would be cheaper and have a lot of positive impact on the manufacturing sector as well as the entire economy of the country.

“The power sector has a lot of problems but they’re surmountable problems. It’s a matter of leadership in the country and willpower. If power is well organised, it’s even cheaper.

“We will get there, it’s a matter of time.”

The business mogul queried why it’s difficult for the country to improve on the amount of power it generates when an individual like Aliko Dangote, has built 2000 megawatts for his plants. “Aliko, an individual has built 2000 megawatts of power for cement, fertilizer plants and refinery. And the country where I was born, has only 5000 megawatts. “So it’s appalling and disheartening that all the successive governments have failed in this regard but I believe we are now at the stage where the power sector will get a lot of attention and priority. We have new plants still sitting idle that the government built years ago and the real problem is transmission, there is a need to look in this direction,” he said.

He further said that Geregu was taking necessary steps to expand its capacity to deliver improved performance and maximise shareholders’ wealth, stressing that the challenges in the sector could be tackled if the government sets its priority right. For starters, he believes that the best way would be the engagement of investors in the sector.

“Any government that thinks well will look for entrepreneurs in this sector that have committed so much capital and time and let them sort out the problem.

“If the government then did not invite Aliko to build a cement factory and create an enabling environment, today we’ll still be importing cement.”

While celebrating Geregu’s achievements on its first anniversary as a listed company, Otedola emphasised that for any company to sustain its wealth, there was a need for it to be listed on the stock exchange.

“To sustain wealth, you need to list your company on the stock exchange”, he stated, adding, “We’ve come with a lot of firsts; the first power company to list on the Exchange, the first power company to embark on an aggressive 300 % expansion drive; the first company to release its results on the stock market.”

In a related development, Doron Grupper, a director of the power holding company, who is satisfied with the achievements of the power company so far, disclosed that Geregu boasts of professionals and good management to increase its capacity. “I’ve been with Geregu for years now since we started the power station. I think this power station according to my experience, works on natural gas. We have a great team of professionals, and good management to increase our capacity.

“We are producing today, 450 megawatts but we have the potential for the next two years to increase to 1300 megawatts. We have the money, and we have the people but we need the assistance of the government of Nigeria to solve some problems with the gas issues.

“We have a huge potential to increase and to contribute to Nigeria in the power sector and to increase the quantities and capacity of electricity to the people of Nigeria.”

Grupper who spoke to Arise, TV correspondent, on the sideline of the NGX event on Tuesday, stated that the gas challenges have to do with the price of gas which he noted, is still low so there’s a need to increase it. The challenges also have to do with the quantity of gas and, “the pressure of the pipeline; we need to increase it. These are the three main issues that the government need to take care of and to assist us to increase the capacity.”

“I hope that in the near future, we will come into a new era of electricity here in Nigeria,” he added.

On how much investments have been put in Geregu, he said, “When we bought the power station back in 2015 we produced 113 megawatts. We made a major overhaul to get to 450. Now, we are doing a major overhaul again…more than 250 million dollars altogether.”

Last modified on Saturday, 01 April 2023 06:12

Governor Abdullahi Ganduje of Kano State has told the governor-elect, Abba Kabir Yusuf, popularly known as Abba Gida-Gida, that he is still in charge.

The governor said this while reacting to a public warning earlier issued by Yusuf.

The governor-elect had asked people to stay off public buildings and to avoid constructing anything on government lands, schools and other public places.

But speaking through the commissioner for Information and Internal Affairs, Malam Muhammad Garba, Ganduje asked Yusuf to desist from making official pronouncements in order to avoid confusion.

He said, “The action of the governor-elect amounts to jumping the gun by issuing directive on a matter affecting government laid down policy while the incumbent is yet to run his full term.”

Ganduje added that he remains the governor with executive powers until May 29 and reserves the right to carry out his functions in public interest, even on the eve of his exit.

“Until he subscribes to the oath of office as governor on May 29, he remains what he is, a governor-elect, and does not have the powers of the governor. All he can do is to reverse some of the actions taken by his predecessor when he assumes office, if there is a valid reason to do so. No governor-elect has the constitutional or legal powers to determine the direction of a state until he is sworn in,” the statement added.

He added that as governor, he wields enormous powers to allocate plots of land, emphasising that every government had undertaken such exercise, including the previous administration which the governor-elect served under.

He also stated that based on available records, the previous administration has made land allocation in some of the public places the governor-elect categorically mentioned which include the city wall, with allocation of land from Kofar Nassarawa to Kofar Mata; shops at the Kofar Mata Eid Prayer Ground facing the Orion Cinema and from Kofar Mata to ‘Yan yashi opposite the Eid Ground and from Kofar Kabuga to Kofar Famfo facing the old Campus of Bayero University.

Last modified on Saturday, 01 April 2023 06:05

Ayodele Fayose, former governor of Ekiti state, has demanded for an apology from the Peoples Democratic Party (PDP).

Recall that on March 24, the PDP national working committee (NWC) suspended Fayose and some members of the party over alleged anti-party activities.

On Thursday, the PDP rescinds the decision and asked members to respect the party’s constitution.

In a letter dated March 31 and addressed to Iliya Damagum, PDP acting national chairman, Akinwale Kol-Taiwo, Fayose’s lawyer, said his client was suspended without cause.

Kol-Taiwo said the reasons the party relied on to suspend his client are “libellous and defamatory” with the intent to tarnish his image.

He asked the party to apologise to his client of get sued.

“We are further informed by our client that by the letter dated 24th March 2023, the reversal of our client’s suspension from Peoples Democratic Party which was done without recourse to laid down procedure/due process of law as contained in the constitution of the Peoples Democratic Party (as amended in 2017) was requested,” the letter reads.

“The Peoples Democratic Party, in retracing its steps and by implication admitting the content of the letter dated 24th March 2023, reversed the suspension of our client by a press release issued on 30th March 2023 through the office of the national publicity secretary of the Peoples Democratic Party.

“The aforesaid libellous press release was designed to smear and tarnish the good reputation of our client in the eyes of right-thinking members of the society, as well as to subject our client to odium, ridicule, and public opprobrium in presence of his political associates and the general public.

“While we do not contend that the Peoples Democratic Party reserve the power(s) to take disciplinary action against any erring member(s), it is much more pertinent to state that the said power(s) to take disciplinary action is not absolute, the said power(s) to take disciplinary action is limited to doctrine of fair hearing as enshrined in the Peoples Democratic Party Constitution (as amended in 2017) and the constitution of the Federal Republic of Nigeria (1999) as amended. As such, your disciplinary powers must not be seen to infringe on the right of another citizen or person.

“There is no doubt that the action of the national working committee of the Peoples Democratic Party (NWC) in this purported suspension saga acted rashly on baseless and unfounded allegations, thereby making our party — the Peoples Democratic Party — not just look weak, but disorganised.”

Kol-Taiwo said if the PDP fails to issue an apology to Fayose within 72 hours of receiving the letter, he will commence legal actions against the party

The Eze Igbo, Ajao Estate, Lagos, Fredrick Nwajagu, has vowed to invite members of the proscribed Indigenous People of Biafra (IPOB) to Lagos to secure properties of Igbo people in the state.

Nwajagu, in a 49-second video, shared on Twitter on Friday by @DeeOneAyekooto, said the move became necessary in the wake of attacks on some Igbo people in the state.

The Igbo leader said he stood by his words, insisting that his people must have a stand in Lagos.

“IPOB, we will invite them. They have no job. All of the IPOB will protect all of our shops. And we have to pay them. We have to mobilise for that. We have to do that. We must have our own security so that they will stop attacking us in the midnight, in the morning, in the afternoon.

“When they discover that we have our own security, before they will come, they will know that we have our own men there. I am not saying a single word to be hidden. I am not hiding my words, let my words go viral. Igbo must get their right and get stand in Lagos State,” he said in the video.

Replying to the post, the Police Public Relations Officer in the state, SP Benjamin Hundeyin, said the command would resist IPOB presence in the state.

“To start with, the ever-ready @LagosPoliceNG will never fold its arms and allow such within the state,” he wrote.

When our correspondent contacted the PPRO to know whether Nwajagu had been invited by the police in respect of his remarks, he said, “we will give further update at the right time.”

Daily Trust reports that there has been a frosty relationship between Igbo and Yoruba ethnic groups in the state in the buildup to the 2023 general elections.

The situation degenerated after the presidential candidate of the Labour Party, Peter Obi, defeated his counterpart, Asiwaju Bola Ahmed Tinubu in the state in the presidential poll.

Igbo voters in the state complained of being intimidated during the March 18 governorship election and that many of them were prevented from exercising their franchise.


Last modified on Saturday, 01 April 2023 06:48
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