General
Subsidy Removal: Youths Hail Kyari’s Transparency Drive, Call for Patience
By Modupe Gbadeyanka
The chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has been commended for promoting transparency, probity, accountability, and good governance in the Nigerian oil and gas industry vis-à-vis his handling of the recent fuel subsidy removal initiative.
This commendation came from Nigerian youths under the aegis of the Nigerian Youths Alliance (NYA) through a statement co-signed by their national president, Ifeanyi Ogbu, and secretary, Yemisi Oluwadamiro, in Abuja, on Wednesday.
They specifically praised Mr Kyari for his transparency in the company’s payment of an interim dividend of N123 billion to the Federation Account Allocation Committee (FAAC) for the month of June, barely two months after the federal government stopped subsidy payments.
While calling on Nigerians to be patient with the government over the temporary pains caused by the removal of the petrol subsidy, the young citizens urged the NNPCL chief to remain focused and avoid distraction sponsored by oppositions, anti-democratic elements and corrupt individuals who had fed fat by milking the country with the subsidy payment scheme.
According to the statement, “As Nigerian youths, even in these trying times, we must recognize, commend and encourage the efforts of our patriots who are having sleepless nights to ensure this nation works.
“Without mincing words, we know that at this time, fuel subsidy must go if this country must rise from its dying state and survive.
“Many oil marketers and corrupt individuals had become billionaires overnight at the expense of Nigerians with the continued payment of subsidies and these funds could have been channelled to better the lives of Nigerians and grow the economy.
“These individuals, by their sheer unconscionable criminality, subverted the noble idea behind the subsidy programme, which was for government to subsidize the cost of petrol to make it affordable to the masses.
“Rather than keep to the terms of the deal with the government, these marketers and their crooked allies repeatedly divert and smuggle petroleum products to neighbouring countries where they sell at higher rates and thus make more profit even after collecting subsidy money from the Nigerian government.
“Though it comes with sacrifices, Nigerians must know that there is no gain without pain.
“Therefore, we commend the bold and audacious initiatives of the President Bola Tinubu administration.
“The removal of the fuel subsidy is not about the president or the group chief executive officer of the NNPC Limited, but about the good and wellness of Nigerians.
“It’s however sad that oppositions and some corrupt elements who are angered that their ill source of wealth has been blocked with the removal of subsidy have continued to sponsor hatred and lies against the hardworking chief executive of the NNPCL, Mallam Mele Kyari.
“We are, however, not surprised because every genuine change for growth meets strong resistance and force, and someone must bear the brunt.
“In the history of the oil company, Mr Kyari has proven to be a man of selfless service, integrity, outstanding astute industry technocrat, and professional par excellence.
“Nigerians will attest to the fact that Kyari’s achievements have surpassed all his predecessors for the past 20 years.
“He has distinguished himself to be a visionary and professional manager with a towering repertoire of the inner workings of the industry, having served in various positions over the years.
“In barely two months since the government stopped payment of fuel subsidy payment, he delivered a whopping N123 billion to FAAC. This is commendable.
“Before his assumption of office as the GMD of the defunct NNPC, there were a lot of unresolved and knotty issues lingering and hampering the sector from achieving its potential. He stepped in and proffered solutions to them.
“Even before the passage of the Petroleum Industry Act 2021, which he promoted, Kyari convinced Nigerians of the new direction of the NNPC by making the financial books open transparently for public probity, which has changed the opacity in the system.
“NNPC financial books have never been opened transparently for public scrutiny over the years, but Kyari changed the narratives.
“He has effectively deployed his wealth of experience to spearhead giant innovations which have helped in repositioning the NNPC today.
“In his bid to put an end to the business of oil thieves, in 2022, Kyari introduced the “Crude Theft Monitoring Application” (CTMA) to check the theft of Nigeria’s oil. The CTMA, which has been helpful in preventing oil theft, has application options for reporting incidents, with prompt follow-up and responses and another one for crude sales documents validation.
“Not quite long after Kyari assumed office, the stifling Covid-19 pandemic hit the world economy, which adversely affected the petroleum industry real hard; the price of crude oil dropped sharply in the international market, which affected our revenue earnings drastically but with resilience and careful handling of its affairs, we were able to come out stronger.
“While we plead with Nigerians to be patient as the dividends for their current pains will come soon, we urge the new NNPCL and its management to remain focused and sustain their good works even as the country navigates through these trying moments.”
General
UK Strengthens Ties With Kano, Jigawa on Sustainable Development
By Adedapo Adesanya
The United Kingdom has reaffirmed its development partnership with Kano and Jigawa States, as part of its long-term commitment to development and reform in northern Nigeria.
The Head of Development Cooperation at the British High Commission Abuja, Ms Cynthia Rowe, recently completed high-level engagements with governors of both states as well as senior government officials and civil society leaders.
The discussions underscored the UK’s modern approach to development as a genuine partnership with Nigeria, which prioritises state-led ownership and sustainable development that delivers lasting impact through strengthening systems and partnerships grounded in investment, trade, climate financing, technical expertise and joint accountability.
According to a statement, the Foreign Commonwealth and Development Office, via the British High Commission, said Nigeria remains one of the UK’s most significant development partners, adding that the engagements underlined the strength and ambition of the bilateral relationship reaffirmed during the recent UK-Nigeria State Visit.
In Kano, Ms Rowe met with Deputy Governor Alhaji Murtala Sule Garo and senior officials, including the newly confirmed Head of Civil Service and Secretary to the State Government. The visit recognised Kano’s progress on climate finance, health system reform and private sector investment supported through UK technical assistance.
In Jigawa, she met with Governor Umar Namadi and heads of key ministries, departments and agencies. The meeting celebrated more than 25 years of UK-Jigawa partnership, one of the most longstanding bilateral development relationships at the subnational level in Nigeria. Discussions covered the state’s continued progress on health systems reform, agriculture, and governance and the path forward under UK technical assistance.
Since 2022, PLANE has supported Kano, Kaduna and Jigawa to strengthen state-led education delivery systems, working through Ministries of Education, SUBEB and key agencies. Its RANA+ foundational learning packages have reached 1.4 million pupils across the three states, alongside wider system strengthening.
Speaking on this, Ms Rowe said, “For more than 25 years, we have worked side by side with state governments, including Jigawa and Kano states, their communities, and civil society to build stronger health systems, improve learning outcomes for millions of children, support farmers to grow their businesses, and help states attract the investment they need to thrive.
These visits have reinforced our confidence in what this partnership can achieve. We are working together to deliver lasting change, and deepening a relationship built on genuine mutual respect and shared ambition for Nigeria’s growth and development.”
General
CBN Partners NiMet to Integrate Climate Data Into Economic Planning
By Adedapo Adesanya
The Nigerian Meteorological Agency (NiMet) has signed a Memorandum of Understanding (MoU) with the Central Bank of Nigeria (CBN) on data sharing to enhance economic productivity.
This was done at a meeting at CBN Head Office in Abuja, where the weather body led by its Director General, Mr Charles Anosike, on Wednesday, highlighted the importance of integrating weather and climate data into economic research, especially in sectors such as agriculture, energy, and transportation.
He noted that extreme weather events can reduce agricultural productivity and threaten food security.
He added that the collaboration aligns with the Renewed Hope Agenda of President Bola Tinubu, which prioritises food security through major agricultural investment, including the cultivation of 10 million hectares of land and the distribution of mechanised equipment.
Mr Anosike cited a 2026 World Bank report that showed that extreme weather driven by climate change is significantly affecting global food security, with more than 87 million people facing hunger in East and Southern Africa and 52 million in West and Central Africa.
He also referenced the latest Berkeley Earth Report, which projects that 2026 is likely to be the fourth warmest year on record, a trend that continues to shape agricultural and energy market projections.
In his remarks, Mr Muhammad Sani Abdullahi, Deputy Governor, Economic Policy Directorate of the CBN, said the signing of the MoU marked an important step in strengthening the partnership between two key national institutions whose mandates intersect in data, research, and policy support.
He emphasised that, in an increasingly complex and dynamic economic environment, timely and reliable data remain essential for effective policy decisions.
According to him, the Economic Policy Directorate relies heavily on timely and credible statistical information from NiMet, saying that such data are critical for inflation monitoring, agricultural sector assessment, and broader economic policy advisory functions.
He described the initiative as both timely and important, adding that strong institutional partnerships are essential for strengthening evidence-based policymaking and improving the robustness of national data systems.
At the close of the event, Mr Anosike and Mr Sani Abdullahi signed the MoU on behalf of their respective institutions.
General
POS Operators Barred Within 200 Metres of Police Stations
By Adedapo Adesanya
The Inspector-General of Police (IGP), Mr Tunji Disu, has ordered an immediate nationwide ban prohibiting Point-of-Sale (POS) operators from running their businesses within a 200-metre radius of any police station, divisional headquarters, or police formation across Nigeria.
This directive, released via an internal police wireless message, addresses critical systemic challenges regarding extortion and corrupt financial practices within law enforcement facilities.
The order is to be strictly enforced nationwide, with senior officers overseeing various formations to be held accountable for any breach of the directive.
The Nigeria Police Force stated that the measure is intended to strengthen transparency, accountability, and public confidence in the policing system.
The decision comes after an alarming proliferation of POS businesses near police facilities, with investigations and public complaints revealing that some operators were actively complicit in facilitating extortion, bribery, and illegal cash transfers forced upon civilians or suspects during police encounters.
Under the directive, Assistant Inspectors-General of Police (AIGs), State Commissioners of Police (CPs), and heads of formations will be held vicariously liable for any breach within their jurisdictions.
The IGP’s order states: “Any officer or POS merchant found flouting the 200-metre operational boundary or colluding in illicit transactions will face immediate disciplinary and criminal actions under extant laws.
“If you are a POS agent or looking into regulatory compliance for financial services in Nigeria, let me know. I can provide details on current Central Bank of Nigeria (CBN) radius registration guidelines or share methods to report officer misconduct directly to the Force Headquarters.”
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
