News
Nigerians Face Fresh Hardship as Petrol Price Climbs to N1,400 Per Litre
By Rukevwe odeh
Many Nigerians are grappling with rising transportation and living costs following another increase in the pump price of Premium Motor Spirit (PMS), with petrol now selling for as much as N1,400 per litre in some parts of the country.
The latest price adjustment comes after a sharp rise in global crude oil prices, driven by renewed tensions in the Middle East. Brent crude has climbed above $100 per barrel, while West Texas Intermediate (WTI) has also recorded significant gains, putting additional pressure on Nigeria’s deregulated downstream petroleum market.
Industry data indicate that several petroleum depots have revised their ex-depot prices upward. At the same time, the Dangote Refinery resumed the sale of petrol in naira after a temporary suspension but increased its ex-depot price from N1,075 to N1,215 per litre, a move expected to influence pump prices across the country.
The impact is already being felt nationwide. In several states, filling stations are dispensing petrol between N1,260 and N1,400 per litre, forcing transport operators to review fares. Commuters in the Federal Capital Territory and other major cities say the rising cost of transportation is placing additional strain on household budgets.
Reports from different parts of the country show that petrol is selling above N1,300 per litre in many northern states, while prices in some southern cities have also increased significantly. Although transport fares have risen on many routes, operators in a few locations say they are still monitoring the market before implementing further increases.
Petroleum marketers say frequent fluctuations in fuel prices have created uncertainty in the downstream sector, making many dealers cautious about purchasing new supplies.
Energy experts attribute the latest increase to the country’s deregulated fuel market, where domestic prices are largely determined by international crude oil prices and exchange rate movements. They also note that challenges surrounding the Federal Government’s naira-for-crude arrangement have affected the supply of crude to local refineries.
Economic analysts have warned that continued increases in petrol prices could worsen inflation, raise the cost of goods and services, and further reduce the purchasing power of Nigerians unless measures are introduced to stabilise fuel supply and pricing.
Local News
Otuaro Credits Tinubu’s Support as 16 PAP Scholars Complete Overseas Master’s Degrees
By Rukevwe Odeh
The Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, has praised President Bola Ahmed Tinubu for his continued support of the programme, following the successful graduation of 16 beneficiaries sponsored for postgraduate studies abroad.
The graduates completed master’s degree programmes at universities in the United Kingdom and the United States, with four of them earning distinctions in their respective fields. The outstanding graduates are Nina Orubebe (Financial Management), Tonbra Tonlagha (International Hospitality and Tourism), Kemien Egbekun (Law), and Simon Douye (Construction Engineering Management).
The scholars studied a wide range of disciplines, including Software Engineering, Oil and Gas, Data Science and Engineering, Financial Management, Law, Construction Engineering Management, and Global Public Health. They graduated from respected institutions such as the University of Cambridge, Coventry University, Manchester Metropolitan University, Aston University, Northumbria University, Carnegie Mellon University, and several others.
Reacting to the achievement, Otuaro congratulated the graduates for their dedication and successful completion of their programmes. He noted that their accomplishments demonstrate the positive impact of the Federal Government’s investment in education and human capital development in the Niger Delta.
According to him, the expansion of the scholarship scheme aligns with President Tinubu’s Renewed Hope Agenda, which seeks to improve educational opportunities and equip young people in the region with the skills needed to contribute meaningfully to national development.
Otuaro stated that since assuming office in March 2024, the Presidential Amnesty Programme has produced 111 master’s and doctoral degree holders, comprising 57 graduates from foreign universities and 54 from institutions within Nigeria. He added that the programme has awarded about 9,000 undergraduate and postgraduate scholarships in Nigerian universities, alongside 247 scholarships for higher education abroad.
The PAP administrator also expressed appreciation to President Tinubu and the National Security Adviser, Mallam Nuhu Ribadu, for their continued support, saying their commitment has strengthened the programme’s efforts to promote peace, education, and sustainable development across the Niger Delta.
He reaffirmed the agency’s resolve to continue expanding access to educational opportunities for qualified youths despite criticism, stressing that investment in education remains one of the most effective ways to secure lasting peace and economic growth in the region.
News
Hammandikko Calls on Nigerians to Unite Behind Tinubu’s Administration
By Rukevwe Odeh
A prominent All Progressives Congress (APC) figure, Hon. Dahiru Hammandikko, has appealed to Nigerians to continue supporting the administration of President Bola Ahmed Tinubu, stating that the country’s progress depends on collective commitment and national unity.
Hammandikko said the current administration is implementing policies aimed at repositioning Nigeria’s economy, strengthening institutions, and improving the welfare of citizens. According to him, while the reforms may present temporary challenges, they are intended to create long-term economic stability and sustainable development.
He urged Nigerians to remain patient and avoid actions capable of undermining the government’s efforts, stressing that meaningful transformation requires time, cooperation, and sacrifice from all stakeholders.
The APC chieftain also encouraged citizens to promote peace, national cohesion, and constructive dialogue, noting that political differences should not stand in the way of the country’s development.
Hammandikko expressed confidence in President Tinubu’s leadership, saying the administration remains committed to delivering on its Renewed Hope agenda through reforms designed to improve infrastructure, expand economic opportunities, and strengthen governance. He urged Nigerians to continue offering prayers and support for the President as the government pursues its development objectives.
News
Economic Growth Now Depends on States as FG Pushes Governors to Drive Investments
By Rukevwe Odeh
Senior government officials, economic experts and business leaders have urged Nigeria’s state governments to take a more active role in driving economic development, arguing that the country’s recent economic reforms can only deliver meaningful benefits if states attract investments, expand local industries and create employment opportunities.
The call was made during the 2026 Delta State Economic and Investment Summit in Asaba, where participants stressed that while the Federal Government has introduced reforms aimed at stabilising the economy, sub-national governments must now translate those gains into improved living standards for citizens.
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said macroeconomic stability alone would not guarantee economic prosperity. According to him, state and local governments are best positioned to unlock development by promoting industries, encouraging investment and supporting businesses based on their comparative advantages.
He noted that recent reforms, including the unification of the foreign exchange market, fuel subsidy removal and tax policy changes, have increased revenue allocations to states and local councils, giving them greater capacity to fund infrastructure, settle salary and pension obligations, and improve public services.
Also speaking at the summit, Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, encouraged Nigeria and other African countries to take advantage of changes in global trade patterns. She said businesses around the world are diversifying supply chains, creating opportunities for African economies that can provide stable investment environments.
Okonjo-Iweala further highlighted the benefits of the African Continental Free Trade Area (AfCFTA), describing it as a major opportunity for Nigeria to attract manufacturers and investors seeking access to a large regional market.
Vice President Kashim Shettima reaffirmed the Federal Government’s commitment to supporting states pursuing economic reforms under President Bola Tinubu’s administration. He described Delta State as a strategic investment destination with strong potential in agriculture, manufacturing, logistics, energy and the blue economy.
Shettima said Nigeria’s long-term prosperity cannot rely solely on crude oil revenues, stressing the need for economic diversification. He pointed to Delta State’s coastline, ports, gas resources and entrepreneurial population as assets capable of attracting both domestic and foreign investors.
Delta State Governor Sheriff Oborevwori unveiled a 100-million-dollar investment fund designed to stimulate business growth and attract new investments into the state, while other speakers called for greater collaboration between governments and the private sector to improve infrastructure, electricity supply and industrial development.
Participants agreed that sustained economic growth will depend on how effectively state governments leverage ongoing reforms to expand productive sectors, create jobs and improve the welfare of citizens.
-
Breaking2 months ago2027: INEC Alegedly Announces Plans to Conduct Party Primaries in the Newly Created State Constituencies in Warri North and Warri Southwest LGAs, Others
-
Local News2 months agoJust In: Ambassador Podoki Emerges APP Candidate for Burutu Constituency-I Assembly Seat
-
Politics2 months ago2027: Mulade Challenges NDC’s Substitution of His Party Candidacy, Demands ₦5 Billion Damages
-
Breaking2 months agoTinubu Intervenes in Warri Delineation Dispute, Meets Ijaw, Urhobo and Itsekiri Leaders
-
Local News3 months agoINC: Group Faults Sponsored Attacks on Tompolo, Igbadiwei, Urges Unity in Ijaw Nation
-
Breaking2 months agoConfirmed: INEC Announces Implementation of Warri Delineation Report, Restores Other Constinuencies
-
Entertainment3 weeks agoJKing Logistics Coordinator Shed Light to Address Ijaw Music Wage Controversy
-
News2 months agoArogbo Kingdom Petitions EFCC Over Abandoned NDDC Bridge Project
