General
Cabinet Reshuffle Insufficient to Address Nigeria’s Economic Woes—CNPP
By Modupe Gbadeyanka
President Bola Tinubu has been told that mere making a few changes to his cabinet has not solved the current economic woes bedevilling the country.
This was the submission of the Conference of Nigeria Political Parties (CNPP) in a statement signed by its Deputy National Publicity Secretary, Mr James Ezema.
The group, in the statement, warned Nigerians not to expect significant improvements from the cabinet reshuffle, which saw the exit of five ministers and inclusion of seven persons, with the creation of a new ministry, the Ministry of Livestock Development.
CNPP noted that citizens would continue to face worsening poverty and hunger unless the government reverses the petrol subsidy removal and the negative effects associated with the devaluation of the Naira.
“The recent cabinet reshuffle has generated varied reactions, but we urge Nigerians not to harbor excessive expectations from these changes.
“Until there is a reversal of the petrol subsidy removal and the negative effects associated with the devaluation of the Naira, the ordinary citizens will continue to face worsening impoverishment and hunger,” it stated.
The organisation argued that the removal of the petrol subsidy, although desirable, was implemented too hastily without a workable plan to address the drastic reduction in purchasing power.
“Past administrations had made provisions to cushion the negative impacts of increases in the pump prices of petroleum products, but the current government had no concrete plans for about a year and five months now,” it submitted.
“The high cost of diesel continues to negatively impact the pump price of petrol, as tankers use diesel to transport petrol across the country, leading to increased landing costs per litre,” a part of the statement disclosed.
Additionally, the CNPP highlighted the challenges faced by Small and Medium Scale Enterprises (SMEs) due to high fuel costs and electricity tariffs.
“The promised Renewed Hope Agenda of the President may end up as renewed hopelessness if the current administration does not immediately reverse the cost of petrol to its 2015 pump price and the exchange rate to before May 29, 2015.
“More companies are folding up, and SMEs are nearly non-existent as they cannot afford the cost of fuel to power their businesses due to the high cost of diesel and petrol, and the high electricity tariff is not helping them either,” the group said.
The CNPP emphasized the need for immediate action to reverse the high cost of transportation in the country, which contributes to rising food prices.
“The government must take immediate steps to reverse the high cost of transportation in the country to arrest the increasing cost of food and basic necessities of life,” it urged.
The umbrella body of all registered political parties and political associations in Nigeria said it remains committed to advocating for policies that will alleviate the suffering of the Nigerian people and ensure a prosperous future for all.
“We will continue to advocate for policies that will alleviate the suffering of the Nigerian people and ensure a prosperous future for all,” the CNPP concluded.
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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