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NNPC Assures Fuel Will Continue to Sell for N145 Per Litre
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Despite increased landing cost of petroleum products, Premium Motor Spirit will continue to sell at N145 per litre, the Nigerian National Petroleum Corporation has said.
In a telephone interview with our correspondent in Abuja on Wednesday, NNPC Group General Manager, Public Affairs, Mr Ndu Ughamadu, said that the corporation would continue to bear the cost of under-recovery of petrol through other sources.
Ughamadu said, “The Federal Government has made it clear; petrol will continue to sell at N145 per litre. NNPC is not operating subsidy. What we have done is under-recovery of which we make up from other sources.
“Yes, the under-recovery will continue. The corporation plays many roles in the country. We are an importer of the last resort where others refuse to import.
“We equally operate in a social regime to make sure that the system gets wet with products because if the corporation is not doing that as part of its responsibilities, you can imagine what the system will look like.”
Meanwhile, the NNPC on Wednesday denied that it had spent $22bn on the Brass LNG project.
In a statement made available to our correspondent in Abuja, Ughamadu said that the corporation had spent $1.2bn on the project.
Ughamadu said that the corporation made the clarification at the House of Representatives Ad-hoc Committee investigating the expenditure.
The statement quoted the General Manager, New LNG Venture of the NNPC, Ahmed Dikko, as telling the committee that the $1.2bn was about the total money spent so far by the various shareholders to get the project to its current stage.
Dikko said, “This sum included the cost of acquiring project land, which covers approximately 606 hectares, cost of early works contract, Front End Engineering Design, Pre-FEED Concept Evaluation Study, Project Environmental Impact Assessment comprising both onshore and offshore studies, dredging, EIA activities and ambient noise survey, displacement and settlement action plan, cultural site heritage study, staff and administration project cost from inception, and sustainable development cost, among others.”
The Punch
Headlines
Insecurity, Hardship: Don’t Seek Re-election in 2027, Islamic Clerics Advise Tinubu
Over 1,000 Islamic clerics have urged President Bola Tinubu not to seek re-election in the 2027 presidential election, citing economic crisis, insecurity and other challenges facing the country.
The call was contained in a communique issued at the end of a national conference on “An Assessment of the State of the Nation under President Tinubu and the 2027 General Elections,” held in Kano State on Sunday.
This comes at a time when the Jama’atul Izalatul Bid’a Wa Iqamatussunnah (JIBWIS) and Qadiriyya Sufi sect, among other Islamic groups, endorsed President Bola Ahmed Tinubu and Vice President Kashim Shettima for the 2027 presidential election, urging its members nationwide to support their re-election.
JIBWIS and Qadiriyya allegedly endorsed Tinubu’s candidature during separate visits to their leadership by Senator Abdul’aziz Yari, the Director-General of the All Progressives Congress (APC) Presidential Campaign Council.
However, the Islamic clerics under the umbrella of Ko Da Naka…For the Struggle to Promote Good Governance and Community Development, in collaboration with AFAQ Educational Foundation, expressed dissatisfaction with the manner in which the administration of President Tinubu is running the country.
The clerics unanimously agreed that Tinubu’s economic policies, including the removal of the fuel subsidy, changes to the naira exchange-rate system, increases in electricity tariffs, and tax reforms, have increased the burden of hardship on ordinary citizens.
The conference expressed its dissatisfaction with the manner in which the Tinubu administration is being run, particularly the continued implementation of economic policies which participants unanimously agreed have increased the burden of hardship on ordinary citizens.
“It is unfortunate that the government has continued to insist on pursuing these policies, which are increasing hardship among the people, rather than reviewing and correcting them. The government prioritised the growth of its revenue at a time when the rising cost of living and unemployment are threatening the lives and well-being of citizens.
“Consequently, participants at the conference unanimously agreed that it would be inappropriate to re-elect this government in the forthcoming 2027 general elections if it does not change its harmful economic policies,” the communique reads in part.
Also, the participants of the conference expressed concern over the continued killings and kidnappings by bandits, and other acts of terrorism across the country.
They, therefore, called on the government to take urgent action to address insecurity, particularly in the North-West and other parts of the country.
The communique added, “Alternatively, the President should refrain from contesting the 2027 election. If he refuses to do so, it is incumbent upon citizens to reject his candidacy and allow those whom they believe can provide better leadership.”
Some of the clerics who presented papers at the conference included Dr. Abdulmuɗɗalib Ahmad Giɗaɗo, Prof Muhd Muslim Ibrahim, Sheikh Kabir Bashir Abdulhamid, Dr Aminu Isma’il Sagagi, Dr Najibullah Abdallah Nuhu, Sheikh Abdurrazaq Uba Musa, Sheikh Musa Muhd Ɗan kwano, Brr El-Zubair, Dr Yahuza Getso, Prof Ibrahim Siraj Adhama, Dr. Umar Dokaji and Sheikh Muhd Sani Khamis (Abu Haisam).
Headlines
Israelis Mark Three Years Since October 7 Hamas Attack
Israelis gathered in silence on Wednesday to mark three years since the October 7, 2023 Hamas-led attacks, while Palestinians in Gaza mourned the destruction and displacement caused by the war that followed.
In Kfar Aza, a kibbutz near the Gaza border that was overrun by Hamas militants three years ago, residents held a vigil for those killed in the attack.
A trumpet played a solemn bugle call as residents stood in silence and a roll call of those killed was read out.
Zion Regev, a community leader in Kfar Aza, said many residents remained displaced and had yet to return to the community.
“This is the first time we are doing all the things here in the kibbutz,” Regev said of the vigil. “It’s a very emotional day, it’s a very difficult day for our community, three years after October 7th.”
The October 7 attacks were the deadliest day in Israel’s history. Militants led by Hamas killed about 1,200 people and took 251 hostages, according to Israeli figures cited by Reuters.
The attacks triggered Israel’s military campaign in Gaza, where more than 74,000 Palestinians have been killed, according to figures cited by Reuters.
The anniversary comes as the conflict remains unresolved despite a ceasefire agreement reached in October 2025 that halted major fighting but has not ended violence or secured the disarmament of Hamas.
In Israel, protesters gathered outside parliament in Jerusalem to demand accountability for the security failures surrounding the October 7 attacks.
Some protesters blamed Prime Minister Benjamin Netanyahu for resisting calls for an independent investigation into how Hamas was able to carry out the assault.
“We need the change and we need hope and we need to know that we have a government that cares about the public and doesn’t work also only for themselves,” protester Shaked Arrad said.
Netanyahu has rejected blame for the security breach and resisted calls for an independent inquiry.
The anniversary is also taking place 20 days before Israel’s scheduled general election, with the war and the government’s handling of the October 7 attack expected to remain major political issues.
In Gaza, Palestinians displaced by the conflict recalled their lives before the war as they continued to live among destroyed buildings and makeshift shelters.
Israel currently controls about two-thirds of the Gaza Strip, while Hamas controls the remaining area, where most of Gaza’s roughly two million residents are living in tents or damaged buildings, according to Reuters.
Umm Mohammad, a mother of five displaced from Gaza City and now living in a tent encampment in Deir Al-Balah, said the conflict had separated her family.
“We were one happy family. The war displaced us. My son left Gaza, the other went to a separate tent, my daughters left with their husbands to other parts of the Strip and we rarely meet,” she said.
On the anniversary, she added: “We recall how happy, despite all problems, we were before the war broke out, destroying everything we loved.”
The latest violence also continued despite the ceasefire. Gaza medics said Israeli strikes on Beit Lahia and Khan Younis killed at least two Palestinians and wounded others on Wednesday.
The Israeli military said it had struck a militant target in Beit Lahia but did not immediately comment on the reported strike in Khan Younis.
Three years after the October 7 attacks, the anniversary has brought renewed mourning in Israel and Gaza, while questions over accountability, security and the future of the conflict remain unresolved.
Reuters
Headlines
Tinubu’s Govt Imports Food, Abandons Farmers, Says Atiku
Former Vice President and ADC presidential candidate Atiku Abubakar has accused President Bola Tinubu of presiding over a collapse in agricultural export earnings while farmers struggle with insecurity and manufacturers confront punishing production costs. He said an administration that promised to build a productive economy has left Nigeria selling crops abroad without capturing enough of the processing jobs and value they can generate at home.
“Tinubu cannot call this reform when the people who grow our food and the businesses that should process it are being squeezed from both sides,” Atiku said.
In a statement issued by Phrank Shaibu, Director of Strategic Communication of the ADC Presidential Campaign Council, Atiku said the trade figures expose the scale of the failure. Nigeria’s agricultural trade swung from a ₦740.27 billion surplus in the first half of 2025 to a ₦56.13 billion deficit in the first half of 2026—a ₦796.40 billion reversal in one year. Agricultural exports fell by 33.3 per cent, far faster than imports, which also declined.
“The excuse that Nigerians simply imported too much will not stand. Tinubu’s government must answer for the collapse in what Nigeria sold to the world. The country is losing export earnings, and the President owes farmers, workers and businesses more than another speech about prosperity.
“What has his administration done to make it safer to farm, cheaper to move produce, easier to keep a processing plant running or more profitable to sell a finished Nigerian product abroad? Farmers cannot cultivate promises. Manufacturers cannot power factories with speeches. Workers cannot feed their families on assurances that prosperity is coming.”
Atiku said Nigeria’s leading agricultural exports still include cashew nuts in shell and cocoa beans, illustrating the value the country could retain by expanding domestic processing.
“We grow the crop. Someone else does more of the processing, builds a business around it and earns the larger return. Then Tinubu speaks of jobs while Nigerian factories struggle to compete. He has made production expensive and called the resulting hardship reform.
“A trade deficit alone does not explain every problem on our farms. But after more than three years in office, the President owns the decisions that have left farmers exposed and producers burdened. He cannot claim credit for every favourable statistic and disown a ₦796.40 billion reversal when the figures turn against him.”
Atiku said his proposed production subsidy for petroleum products refined in Nigeria follows the same principle: keep more production, work and value at home. The support would cover qualifying products from Nigerian refineries, including modular refineries. Imported products would not qualify. It would be capped, budgeted and independently audited, with measures to track whether savings reach consumers and businesses.
He said the Tinubu administration’s CNG initiative had failed abysmally as a relief measure: the cost of converting vehicles is beyond the reach of many poor Nigerians, conversion kits are difficult to access, and the buses presented as palliatives remain unavailable to many of the people who need them.
“Local refining is about more than the price at the petrol pump. Aviation fuel affects fares. LPG affects the cost of cooking. Petroleum products and feedstocks affect industries and the people they employ. Nigerians need practical relief they can actually access—not schemes whose costs and shortages put the promised benefits out of reach. The value of our resources must reach Nigerians beyond the refinery gate.
“My administration will begin restoring a transparent production subsidy from Day One. We will back farmers and processors with the same determination. Grow it here. Process it here. Refine it here. Create the jobs here. Make life affordable here.
“Tinubu’s record is becoming painfully clear: Nigeria supplies raw crops and crude oil while Nigerians pay dearly for finished goods. A government that cannot turn our resources into affordable products and decent jobs has failed the people it was elected to serve.”






