General
CNPP Accuses FG of Deceit in Subsidy Implementation
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.
By Modupe Gbadeyanka
The Transmission Company of Nigeria (TCN) has confirmed the collapse of five transmission towers along the Ikot Abasi–Eket 132kV Double Circuit Transmission Line.
This was attributed to severe acts of vandalism, as TCN disclosed that the structure collapsed after vandals removed critical structural bracing members.
The affected towers were N9, J4, N10, N11 and N12, the organisation said in a statement on Friday.
It explained that the extensive damage was discovered during a routine joint line patrol conducted on August 9, 2026, by TCN linesmen.
Further inspection revealed that structural members from seven additional towers along the same transmission corridor had also been removed and stolen. The towers, J3, N8, N13, N14, N15, N18 and N19, are now structurally compromised and pose a risk of further collapse.
TCN condemned this act of sabotage and reiterated its commitment to working hard to maintain a robust and reliable national grid.
The statement said that to mitigate the impact on electricity supply, the network has been reconfigured to prioritise supply to Ekim transmission station, leaving Ibom Power as the only station without supply.
TCN said it is mobilising an urgent intervention to complete the reconstruction of the affected sections of the line, with security agencies also notified to aid investigations and prevent further acts of vandalism along the line route.
By Adedapo Adesanya
The Speaker of the House of Representatives, Mr Tajudeen Abbas, has urged all relevant government agencies to promptly initiate actions for the full implementation of the Nigerian Ports Economic Regulatory Agency Act, 2026, following its signing into law by President Bola Tinubu.
The bill, sponsored by Speaker Abbas, was aimed at repealing the Nigerian Shippers’ Council Act, Cap. N133, Laws of the Federation of Nigeria, 2004, and establish the Nigerian Ports Economic Regulatory Agency to ensure effective economic regulation of Nigerian ports while safeguarding the interests of shippers, service providers, and users of regulated port services. With the President’s assent, it has now been enacted as an Act of Parliament.
The legislation represents one of the landmark achievements of the 10th National Assembly. It reflects the Speaker’s commitment to legislative excellence, institutional reform, and sustainable economic growth, according to a press statement by the Special Adviser on Media and Publicity to the Speaker, Mr Musa Krishi.
The bill underwent a rigorous and inclusive legislative process, including extensive stakeholder consultations and a public hearing. It was passed by both Chambers of the National Assembly and subsequently assented to by the President.
The Act provides a robust legal and institutional framework to ensure effective economic regulation of Nigerian ports by fostering transparency, competitiveness, and efficiency in port operations; protecting the rights and interests of shippers, service providers, and other port users; and aligning Nigeria’s port regulatory system with global best practices, thereby enhancing the ease and cost-effectiveness of doing business.
Despite receiving presidential assent, the Act has yet to be fully operationalised.
He warned that any further delay would undermine the legislative intent of the reform, prolong the exposure of port users to arbitrary charges and operational inefficiencies, and deny the nation the anticipated benefits of increased revenue, improved trade facilitation, and stronger investor confidence in the marine and blue economy sector.
The Speaker urged the Federal Ministry of Marine and Blue Economy, in collaboration with all relevant Ministries, Departments and Agencies (MDAs) of the federal government, to take the necessary administrative, institutional, and financial measures for the prompt implementation of the Act.
He said this should include the formal transition to, as well as operational empowerment of, the Nigerian Ports Economic Regulatory Agency to discharge its statutory mandate effectively.
The full implementation of the Act is critical to unlocking the economic potential of Nigeria’s ports, reducing the cost of doing business, strengthening trade competitiveness, and positioning Nigeria as the leading maritime and logistics hub in West and Central Africa.
The statement noted that the Speaker reaffirmed the 10th House’s commitment to exercising the necessary legislative oversight to ensure this landmark legislation, along with others assented to by the President, is fully implemented and achieves its intended goals for the benefit of the Nigerian people.
By Adedapo Adesanya
The Federal Ministry of Youth Development (FMYD), through the Nigerian Youth Academy (NiYA), has partnered with Cascador, a Nigeria-focused platform for growth-stage founders, to provide funding and support for the next generation of Nigerian youth entrepreneurs.
The announcement coincides with International Youth Day 2026, whose global theme this year — Different Contexts, Common Aspirations — calls on institutions to close the gap between young people’s circumstances and their opportunities. The pilot is an early step toward NiYA’s broader ambition to train and empower 7 million Nigerian youth within two years.
The NiYA and Cascador Founders Programme will begin with a pilot cohort of 20 early-stage Nigerian youth founders, including entrepreneurs without formal business registration or established financial records.
Over four weeks, participants will undergo intensive training focused on business fundamentals, investment readiness and pitch preparation. At the end of the programme, the eight top-performing founders will receive non-dilutive funding of up to N5 million each from Cascador, alongside an Enterprise Resource Planning (ERP) solution to help them structure, manage and scale their businesses.
The funding and support will be presented at a Pitch Day organised by NiYA and the Federal Ministry of Youth Development.
The Minister for Youth Development, Mr s Ayodele Olawande, said the partnership would enable NiYA to move beyond training by helping young people transform ideas into investable businesses and achieve sustainable economic participation through business preparation and access to capital.
“The pilot is deliberately designed to test a model that can go beyond one cohort. If young founders can be identified early, prepared properly, connected to credible capital and supported to build stronger business systems, then access to opportunity becomes less dependent on background or existing networks. That is the larger objective: to build a youth entrepreneurship ecosystem in which readiness, ideas and execution can increasingly determine who gets the opportunity to grow.”
The pilot will run in-person in Abuja with virtual touchpoints and 1:1 mentorship. All 20 graduates retain NiYA alumni status, with priority consideration for future opportunities.
NiYA and FMYD have already shown what real commitment to Nigeria’s youth looks like — the platforms, the reach, the ambition to train millions. What we’re building together now is the missing piece, a practical bridge from the ideation stage to real capital-readiness. When a Ministry so dedicated to its young people asked Cascador to help build that bridge, it was an easy decision,” said Trish Thomas, CEO of Cascador.
Ms Oyin Solebo, COO of Cascador and former Managing Director of the ARM Labs Lagos Techstars Accelerator, highlighted the partnership’s impact, saying, “This is what innovative capital deployment looks like: a government building real investment readiness at scale, and a partner meeting that foundational work with non-dilutive funding at exactly the moment it’s needed. Partnerships like this open doors that neither of us could open alone.”
