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Nigeria Bleeds N2tn Monthly On Fuel Imports, Says Tinubu

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Nigeria Bleeds N2tn Monthly On Fuel Imports, Says TinubuPresident Bola Tinubu has revealed that Nigeria spends N2tn monthly on importing petrol and diesel.....KINDLY READ THE FULL STORY HERE▶

In a recent nationwide broadcast, Tinubu highlighted that despite Nigeria’s rich oil and gas resources, the country has historically relied solely on oil, ignoring its gas resources while subsidizing fuel costs.

Upon taking office, Tinubu eliminated fuel subsidies, causing petrol prices to rise from around N200 per litre in May 2023 to approximately N700 per litre currently.

To address this issue, Tinubu announced significant investments in Compressed Natural Gas (CNG) to transform the country’s fuel dependency.

“Fellow Nigerians, we are blessed with both oil and gas resources, yet we found a country dependent solely on oil-based petrol, neglecting its gas resources. We were also using our hard-earned foreign exchange to pay for and subsidize its use,” Tinubu stated. “To address this, we launched our Compressed Natural Gas Initiative, aiming to power our transportation economy and reduce costs. This will save over N2tn monthly, which we currently use to import petrol and diesel, freeing up resources for more investments in healthcare and education.”

Tinubu emphasized that his administration will distribute one million low or no-cost conversion kits to commercial vehicle owners, who consume 80% of the imported petrol and diesel.

“We have started distributing conversion kits and establishing conversion centers nationwide in collaboration with the private sector. We believe that this CNG initiative will cut transportation costs by approximately 60% and help curb inflation,” Tinubu added.

Despite being Africa’s largest oil producer, Nigeria relies on imported petroleum products due to low refining capacity. Licensed individuals import diesel, while the Nigerian National Petroleum Company Limited remains the sole importer of petrol under the current administration.

In May, Alhaji Aliko Dangote, President of the Dangote Group, stated that Nigeria would cease importing fuel once his refinery begins producing petrol. However, the Dangote refinery has faced challenges as international oil companies have reportedly refused to supply crude to the facility.

Officials from the Dangote refinery claimed that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) insisted on fuel importation, granting licenses to import substandard fuel into Nigeria. In response, NMDPRA Chief Executive Farouk Ahmed denied these allegations, asserting that Dangote’s diesel had higher sulfur content than imported fuel.

Ahmed also warned against relying solely on the Dangote refinery for fuel supply, indicating that fuel importation would continue. The refinery had requested the regulator stop granting import licenses to other marketers, a request Ahmed refused.

Meanwhile, Tinubu intervened and ordered the supply of crude to Dangote in local currency, which he said would save the country over $660m monthly.

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“Jos Under Siege: Teenage Prostitution Explosion Grips City Hotspots, Residents Raise Alarm!”

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Nana Plaza, an otherwise unassuming building at Jos’s Old Airport Junction, undergoes a troubling transformation after dark. While the plaza hosts legitimate daytime businesses, the surrounding area becomes a hub for illicit activities at night, including the sale of cigarettes and drugs by a group known as the “Michika Boys.” More alarmingly, the open space behind the plaza has become a center for teenage prostitution, with some girls as young as 14 years old trading sex for money to survive. Interviews with some of these young women reveal that they have been driven into this life by extreme circumstances, including parental neglect, displacement from their communities due to violence, poverty, and the struggle to provide for their children.....KINDLY READ THE FULL STORY HERE▶

A disturbing trend of teenage prostitution has emerged at Nana Plaza in Jos. As night falls, the area becomes a gathering place where minors engage in sex work to support themselves and their families. The individuals involved, some only 14 or 15 years old, cite a variety of desperate factors for their participation in this “skin trade,” including:

  • Abandonment and Poverty: Some, like 16-year-old Rachael, turned to prostitution after being cast out by their families following unplanned pregnancies.

  • Displacement and Violence: Others, such as 15-year-old Linda, were forced into this life after fleeing communities destroyed by bandit attacks and surviving exploitative conditions in IDP camps.

  • Peer Pressure: Girls like 18-year-old Afiniki attributed their involvement to the influence of bad companions.

Option 3: Investigative Narrative Despite its appearance as a normal commercial site during the day, Nana Plaza in Jos has become a nocturnal center for illicit trade and underage prostitution. According to testimonies from the young women working there, the decision to engage in sex work is often a desperate response to a lack of alternatives. The girls interviewed explained that they earn between ₦2,000 and ₦10,000 per night, depending on the number of clients, though they are sometimes forced to accept as little as ₦200 to afford basic needs like food. These young women expressed deep regret for their current circumstances and the choices that led them there, yet they feel they have no other options for survival. At the time of this report, government authorities had not provided comments regarding the situation.

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“Ondo South Decides: Low Voter Turnout Stains By-Election As INEC Finalizes Results!”

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The Independent National Electoral Commission (INEC) has declared Prof. Dayo Faduyile of the All Progressives Congress (APC) as the winner of the Ondo South Senatorial District by-election. Prof. Faduyile, a former Nigerian Medical Association President and current health advisor to Governor Lucky Aiyedatiwa, secured victory with 68,474 votes, defeating candidates from the APM, APP, and BP. The election, which took place across six local government areas, was held to fill the vacancy created by Senator Jimoh Ibrahim’s appointment as Nigeria’s Permanent Representative to the United Nations. INEC Resident Electoral Commissioner Dr. Mutiu Agboke characterized the poll as a vital test for the 2027 general elections and confirmed that all operations, including those in riverine areas, concluded without major incidents.....KINDLY READ THE FULL STORY HERE▶

Following the by-election held on Saturday across six local government areas, APC’s Prof. Dayo Faduyile has been officially declared the winner of the Ondo South senatorial seat. Returning Officer Prof. Gbenga Solomon-Ibileye announced that Faduyile earned 68,474 votes, significantly outpacing his rivals, Adeolu Akinwunmi (APM), Adesanya Olaoluwa (APP), and Clement Funso-Nejo (BP). The total number of votes cast was 70,770, with 602 ballots rejected. Dr. Mutiu Agboke, the INEC Resident Electoral Commissioner, noted that while the process served as a “testing ground” for future polls, it was successfully completed with no security issues reported in the riverine communities.

Option 3: Direct Style Prof. Dayo Faduyile (APC) has won the Ondo South Senatorial by-election, successfully filling the seat vacated by Senator Jimoh Ibrahim. The result was confirmed on Sunday by the Returning Officer, Prof. Gbenga Solomon-Ibileye, at the collation centre in Okitipupa. Faduyile’s tally of 68,474 votes left him well ahead of the other contenders, bringing the total validated votes for the district to 70,168. According to INEC’s Dr. Mutiu Agboke, the commission views the execution of this election—which spanned Okitipupa, Ilaje, Ese-Odo, Irele, Odigbo, and Ile-Oluji/Oke-Igbo—as a valuable learning experience to strengthen preparations for the 2027 general elections.

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“The End Of The Starmer Era? PM Reportedly Ready To Resign After Losing Support Of Party Leaders!”.

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 UK Prime Minister Sir Keir Starmer is reportedly weighing a potential resignation following significant political pressure within the Labour Party. This uncertainty follows Greater Manchester Mayor Andy Burnham’s strong electoral win in Makerfield, which has fueled internal demands for a leadership change. While Starmer has previously expressed his intent to remain in office, associates suggest he is currently contemplating his future at Chequers to avoid party instability, with some allies estimating only a 25 percent likelihood that he continues to fight for his position. Reports indicate that high-ranking officials, including Transport Secretary Heidi Alexander, have encouraged him to prepare for an orderly transition, even as other party members warn that a forced exit could lead to electoral disaster for Labour.....KINDLY READ THE FULL STORY HERE▶

Facing growing isolation and calls for a leadership transition, Prime Minister Keir Starmer is currently considering stepping down. The pressure on Starmer intensified after Andy Burnham’s decisive 55 percent victory in the Makerfield election, an outcome many in the Labour Party view as evidence that Burnham is better equipped to counter political rivals like Nigel Farage. Although Starmer’s loyalists caution that removing him could trigger chaotic government instability and strengthen the opposition, multiple MPs have described the Prime Minister as increasingly isolated, with some suggesting a planned handover is the most responsible path forward for the party and the country.

 The Labour Party is currently navigating a period of internal turmoil, as Prime Minister Keir Starmer evaluates whether to resign amid deteriorating support from his own ranks. Sources close to Starmer report that he is prioritizing the stability of the government while reflecting on his political future. While some Labour lawmakers argue that Andy Burnham’s recent electoral success makes him a stronger leader for the party’s future, others fear that an immediate leadership contest would invite chaos and jeopardize the party’s standing ahead of the next general election. Despite his public commitment to “fight” to remain in power, insiders suggest that Starmer’s position has been severely weakened, leaving him to decide between continuing his tenure or facilitating an orderly departure.

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