Headlines
Students Protest ASUU Strike, Block Airport Road, Motorists, Commuters Stranded
Many commuters, including those travelling abroad through the Murtala Muhammed International Airport (MMIA), Lagos, were on Monday morning stranded as students, in their tens, blocked the main road linking the airport to Ikeja and Apapa-Osodi areas of the city.
On guard at the scene of the protest are also police officers who wielded batons but maintained some distance from the protesters as they tried to ensure that the situation did not degenerate.
The protesters, under the umbrella of the National Association of Nigerian Students (NANS) have vowed to remain on the road until the Nigerian government and the striking Academic Staff Union of Universities (ASUU) reach a middle ground and academic activities resume on their campuses.
It is already more than seven months that ASUU commenced its strike, which it has declared indefinite following the failure of the two parties to reach a compromise on the union’s demands.
ASUU has demanded the replacement of the Integrated Payroll and Personnel Information System (IPPIS) as salary payment platform with the University Transparency and Accountability Solution (UTAS) which its members developed.
ASUU said rather than ensuring accountability, IPPIS has enabled fraud in the system and that it failed to accommodate the peculiarities of the university system.
The union is also requesting the release of revitilisation fund for the universities as contained in the earlier agreements signed with the government, and the release of its members-earned academic allowance, among others.
Protest
The protesters defied the early morning rain in Lagos on Monday and assembled on the main road leading to the airport and just after the toll gates.
They used their vehicles to barricade the road obstructing those driving towards the airport.
Many workers and travellers were forced to trek long distances to access the airport as the protesters continued to sing and dance in circles while officers of the Rapid Response Squad (RRS) of the Nigerian Police in the state were seen seen on standby in one of the videos of the protest posted on Twitter.
The protesters carried placards with various inscriptions such as; “No Work, No Pay is a Fascist Talk. Pay Our Lecturers” and “No Education, No Movement”.
Some members of NANS in the South-west region had on Thursday staged a similar protest on the Gbongan-Ibadan highway in Osun State, causing gridlock.
Similar protests had also held across major parts of the country some months ago until the students were seemingly fagged out and awaited the outcome of the negotiations between the striking unions and the government.
At the time, all the university based workers unions including the Non-Academic Staff Union of Educational and Other Allied Institutions (NASU), Senior Staff Associatuion of Nigerian Universities (SSANU) and the National Association of Academic Technologists (NAAT) had also declared strike.
However, in August, while other unions suspended their more than five-month-old strikes, giving the government ultimatums to accede to their requests, ASUU opted to continue the industrial action and declared it indefinite, citing government’s decision to jettison its earlier negotiated agreements through its appointed committees.
Following the stalemate and the emergence of a new NANS leadership with Usman Barambu from the Federal University, Dutse, Jigawa State, as the president, the union has renewed its threat to ground major activities nationwide.
NANS said part of its strategies is to obstruct movements across major airports “so that the members of the elite and the ruling class can be reminded of the plight of the university students.”
Premium Times
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Thursday, announced discontinuation of the planned 15 per cent duty on imported petroleum products.
NMDPRA’s Director, Public Affairs Department, George Ene-Ita, conveyed the development in a statement while warning the public to shun panic buying.
President Bola Tinubu, on October 29, approved an import tariff on petrol and diesel, a policy expected to raise the landing cost of imported fuel.
The President’s approval was conveyed in a letter signed by his Private Secretary, Damilotun Aderemi, following a proposal submitted by the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.
The proposal sought the application of a 15 per cent duty on the cost, insurance, and freight value of imported petrol and diesel to align import costs with domestic market realities.
Implementation was slated to take effect on November 21, 2025.
The policy aimed to protect and promote local refineries like the Dangote Refinery and modular plants by making imported fuel more expensive.
While intended to boost local production, it is also expected to increase fuel costs, which could lead to higher inflation and transportation prices for consumers.
Experts have argued that the move could translate into higher pump prices for consumers, with some estimating an increase of up to N150 per litre or more.
In an update, however, NMDPRA said the government was no longer considering going ahead with implementing the petrol import duty.
“It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in View,” the statement read in part.
Meanwhile, the NMDPRA also assured all that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold, during this peak demand period.
“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.
“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.
“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security,” the statement added.
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.
The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.
The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.
This expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).
In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.
President Tinubu had on November 4th requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.
The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.
The Senate has rejected the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding the ₦210 trillion outstanding against the oil firm.
It came to the conclusion on Wednesday that the money, which had not been accounted for, must be refunded to the Federation Account by the company.
The Senate Committee on Public Accounts chaired by Aliyu Wadada, which has been on the probe for months, took the decision on Tuesday after the Group Chief Executive Officer (GCEO) of the NNPCL, Bayo Ojulari, failed to turn up at its resumed sitting at the National Assembly.
The session was called to give the NNPCL the opportunity to make clarifications on the answers the company provided to the 19 questions the panel asked the firm about the ₦210 trillion.
Following a review of the operations of the NNPCL from 2017-2023, the committee sighted the unexplained transaction, totaling ₦103 trillion (accrued expenses) and ₦107 trillion (receivables) in the audited financial statements of the firm, prompting it to raise the queries.
After weeks of back-and-forth between the committee and the NNPCL, the NNPCL eventually responded to the 19 questions.
However, at a resumed session, Senator Wadada frowned at the absence of Ojulari, whom the committee said gave no reasons for staying away, consequently rejected the explanations.
The Chairman of the committee, Senator Aliyu Wadada, while speaking on the panel’s findings, said the responses were not only unsatisfactory, but were also contradictory.
“NNPC claimed ₦103 trillion as accrued expenses and ₦107 trillion as receivables -amounting to ₦210 trillion. On question eight, NNPC’s explanation on the ₦107 trillion receivables -equivalent to about $117 billion -contradicts available facts and evidence provided by NNPC itself. The committee is duty-bound to reject this,” he stated.
Wadada further questioned how the firm could pay ₦103 trillion in Cash Calls to Joint Venture (JV) partners in 2023 alone, despite generating only ₦24 trillion in crude revenue between 2017 and 2022.
“Cash Call arrangements were abolished in 2016 under the President Muhammadu Buhari administration. How can NNPC claim to have paid ₦103trn in one year, when it only generated ₦24trn in revenue over five years? Where did NNPC get that money?
“As far as this committee is concerned, that figure is unjustifiable and unacceptable. The ₦103 trillion must be returned to the Treasury. This will be concluded when the NNPCL appears before us,” he stated.
The committee said it would have been better for the current management of the NNPCL to admit that it encountered challenges in explaining what happened to the funds than giving contradictory answers to the questions.
“If the present management of NNPCL is finding it difficult to provide acceptable answers, it is better they say so. The committee will not hesitate to subpoena former officials of NNPCL and NAPIMS,” Wadada added.
