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CNPP Accuses FG of Deceit in Subsidy Implementation

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NNPC fuel retail station

By Modupe Gbadeyanka

Leaders of the Nigerian labour unions, including the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), have been accused of “representing their personal interests and not that of their members.”

This accusation was made by the Conference of Nigeria Political Parties (CNPP) in a statement issued on Sunday in Abuja by its Secretary General, Mr Willy Ezugwu.

The group said it was prepared to lead the anti-subsidy struggle when Nigerians are ready to take their future into their hands.

It also accused the Nigerian National Petroleum Corporation (NNPC) and the federal government of being deceitful in implementing the subsidy regime, saying that “what the federal government wants to do is fuel price increment, not subsidy removal.”

The CNPP noted that “it is disheartening that the Nigerian labour unions have joined the All Progressives Congress led federal government in its deceitful and manipulative tendencies since the APC government came to power.

“Before they won the election in 2015, the APC made Nigerians to believe that fuel subsidy does not exist, tagging it a scam. But immediately after they won the election, the APC led federal government swiftly increased the pump price of petrol.

“The former Minister of State for Petroleum Resources and Group Managing Director of the NNPC, Ibe Kachikwu in December 2015 revealed that the federal government has concluded plans to remove the subsidy on fuel by 2016.

“By May 2016, the Federal Government announced that it had removed fuel subsidy and petrol was to sell for N145 per litre. In fact, NNPC made Nigerians believe that marketers were free to bring in fuel cargoes and sell, subject to meeting standard quality control.

“But in the deceitful character of the federal government, the NNPC then insisted on a benchmark of N145 per litre as a recommended pump price. Do you remove subsidies and dictate or suggest prices at the same time if you are sincere?

“The CNPP at the time queried the rationale behind removing the subsidy and at the same time interfering in pump price by fixing a benchmark of N145 per litre of petrol.

“While highlighting the contents of a briefing after a meeting with Vice President Yemi Osinbajo in 2016, Kachikwu said: “We have just finished a meeting with various stakeholders presided over by His Excellency, the Vice President. The meeting had in attendance the leadership of the Senate, House of Representatives, Governors Forum, and Labour Unions (NLC, TUC, NUPENG, and PENGASSAN)”, the then minister told Nigerians.

“But at a point, the federal government made a U-turn on the fuel subsidy removal when, contrary to viral media reports in 2016 that the federal government has ended fuel subsidy, Vice President Yemi Osinabjo said it was not true, explaining that what the government did was to withdraw the monopoly enjoyed by the NNPC to allow free market sales.

“The free market sales and importation of petrol by the independent marketers never happened because the federal government simply deceived Nigerians that subsidy was removed. Nigerians endured but till date, there has not been any meaningful improvement in the lives of the poor.

“This cycle of deceit has continued till date as the federal government has hinted on yet another fuel price increment which it has again tagged fuel subsidy removal. How many times will the government remove fuel subsidies?

“The same labour unions leaders who were part of the earlier negotiations are the same ones negotiating with the federal government today in another cycle of personal enrichment while Nigerians are to pay N340 per litre of petrol and at a time cooking gas is already out of the reach of the ordinary citizens.

“It is laughable that the only palliative from the federal government is N5, 000.00 naira to a few Nigerians, which government officials will eventually siphon into private pockets like the COVID-19 conditional cash transfer.

“With the level of infrastructure decay in the country, where all federal roads are not motorable, the federal government is talking about cash transfer because it is the new safe way to siphon our commonwealth.

“The CNPP is ready to lead Nigerians anytime they want to end this series of subsidy removal deceit by the federal government in connivance with labour leaders in the country”, the CNPP concluded.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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NUPRC Probes Gas Bubbling in Bille Community in Rivers

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gas bubbling bille

By Aduragbemi Omiyale

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced an investigation into a gas bubbling incident in Bille community in Rivers State, but preliminary “deductions and field observations indicate that the gas bubbling may be associated with a subsurface phenomenon that could be linked to a variety of triggers.”

In a statement signed by its chief executive, Mrs Oritsemeyiwa Eyesan, on Thursday, the agency said it was worried about the unfortunate incident, assuring residents that efforts are being made to address the issue.

The commission acknowledged the concerns the “unsavoury development has raised in relation to public safety, the environment, and the health of the populace,” stressing that, “The overall well-being of our communities and the protection of the environment remain paramount to the commission, as they are to government.”

It stated that, “Upon notification of the incident, the commission activated a coordinated technical investigation process in line with established regulatory protocols to assess the nature and extent of the gas seepage, identify source(s) and potential cause(s), and propose immediate and long-term mitigation measures.”

“The investigative study is being conducted in collaboration with stakeholders to ensure comprehensive, fact- based outcomes for long-term sustainability,” it added.

“Detailed geotechnical and geological analyses are ongoing to determine the contributing factor(s) and possible remedies for prompt implementation,” the statement further said.

“The commission assures the Bille community of its resolve to ensure that necessary actions required to address the situation are taken in line with applicable regulations, industry standards and global best practices.

“Once again, the commission commiserates with the Bille community as we work assiduously with all stakeholders to unravel the incident, and enjoins members of the community to maintain the commendable level of responsibility whilst adhering to all safety measures and public health advisories issued by the relevant authorities,” the statement disclosed.

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Akwa Ibom Denies Plan to Sell Ibom Power Company

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Ibom Power Company

By Adedapo Adesanya

The Akwa Ibom State Government has dismissed claims that it plans to sell Ibom Power Company, describing the allegation as false and reaffirming its commitment to reviving the state-owned electricity asset through debt repayment and structural reforms.

In a statement issued on March 18, the Commissioner for Information, Mr Aniekan Umanah, said a report by a Uyo-based tabloid alleging plans to dispose of the company was “a wicked fabrication” that should be disregarded.

“At no time has the government approved the sale of Ibom Power Company as scrap or otherwise,” the statement said, adding that such claims exist only in the “imagination of mischief-makers intent on misleading the public.”

Instead, the government said it is focused on stabilising the company’s operations by clearing legacy debts, including a $9 million facility obtained from Afreximbank several years ago.

According to the statement, Governor Umo Eno approved a structured quarterly repayment plan of $560,000 beginning March 15, 2025, aimed at gradually liquidating the loan.

The government described the move as part of broader efforts to “rescue and reposition Ibom Power Company for sustainable operations,” stressing that the approach reflects a commitment to “revival, stability, and long-term value preservation, not liquidation.”

Beyond debt repayment, the state also outlined ongoing electricity sector reforms anchored on a Private Sector Participation (PSP) framework designed to attract investment while retaining public ownership of assets.

Under the initiative, the government said it has established key institutions, including the Akwa Ibom State Electricity Regulatory Commission and Ibom Electricity Holdings Limited, to strengthen oversight and coordinate state-owned electricity assets. Shares of the holding company have also been vested in the Akwa Ibom Investment Corporation.

The concession model being introduced will allow qualified private operators to rehabilitate, finance, and manage electricity infrastructure over a defined period, with strict performance benchmarks and regulatory supervision.

The government said the framework is structured to ensure that “the State will retain ownership and strategic control of all electricity assets,” while transferring operational and commercial risks to private sector participants.

It added that the reform programme is expected to improve reliability, resolve longstanding challenges, and promote a more efficient electricity market without placing additional fiscal pressure on the state.

On recent power outages across parts of Akwa Ibom, the government noted that electricity transmission and distribution currently fall outside its direct control. However, it said efforts are ongoing to engage relevant authorities to address the disruptions and improve supply.

The statement also criticised the publication that carried the initial report, accusing it of spreading misinformation and warning that “government’s measured silence should not be mistaken for weakness,” citing existing laws on libel and defamation.

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Eid-el-Fitr: Gaya Urges Prayers Against National Challenges

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NSIA Abdullahi Mahmud Gaya

By Modupe Gbadeyanka

Nigerians have been urged to use the occasion of Eid-el-Fitr to intensify prayers against the challenges confronting the nation.

This appeal was made by the independent non-executive director of the Nigeria Sovereign Investment Authority (NSIA), Mr Abdullahi Mahmud Gaya.

Mr Gaya described the current situation in the country as a test of citizens’ spiritual resolve and faith, tasking Muslims to reflect on the deeper significance of Eid-el-Fitr, noting that the festival symbolises sacrifice, obedience to Allah, and compassion for the less privileged.

“Every Muslim finds joy in observing the Ramadan fast, a fundamental obligation in Islam. We should not lose sight of the lessons it teaches: obedience to Allah, sharing our blessings with the needy, and being our brother’s keeper,” he said in a statement issued by his media assistant in Kano.

Speaking on the forthcoming general elections, Mr Gaya advised the electorate to vote for selfless leaders committed to national service and the welfare of Nigerians, describing the polls as a choice between progress and regression, stressing the need for voters to support candidates with verifiable achievements rather than empty promises.

He also urged Nigerians to remain mindful of their civic responsibilities by choosing leaders who demonstrate integrity, sincerity, and dedication.

According to him, the country’s future depends on the electorate exercising their voting rights wisely to elect leaders who understand the responsibilities of public office and approach them with humility, competence, and genuine commitment to service.

Mr Gaya expressed gratitude to Almighty Allah for His mercies and felicitated with the people of Ajingi, Gaya, and Albasu Local Government Areas, as well as Governor Abba Kabir Yusuf and Nigerians at large, on the successful completion of the Ramadan fast.

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