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Petrol: Oil marketers propose N550/litre price to Dangote

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AS the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to filling stations nationwide.

Dangote Refinery, which can refine 650,000 barrels per day, bpd of crude oil, intends to commence production and distribution of the product, the bulk of which is currently imported from the global market, in May 2024.
Checks by Vanguard, weekend, indicated that the parties have been meeting and exchanging notes on the pricing, distribution and margins to stakeholders in the value chain, including transporters and insurers.

Recall that depot owners buy the product from NNPC Limited at N556 per litre and sell to independents at N640 per litre.
It was, however learnt that independent markers have proposed N550 per litre to management of Dangote Refinery who is currenty in a discussion with them.

We have proposed N550 per litre — Marketers
The President of Independent Petroleum Marketers Association of Nigeria, IPMAN, Alhaji Abubakar Migandi Garima, who confirmed the development yesterday, said: “We have been discussing with Dangote Refinery. The discussion, centering on pricing, margins and other issues, is still ongoing.

“We have proposed that the lifting price should be N550 per litre in Lagos. The price of the product will differ from one part of Nigeria to another because of distance and cost of delivering petrol to different locations.

“We are currently waiting on Dangote Refinery to conclude and communicate the price per litre, so we can plan to lift the product when it comes on stream.

‘’We expect that the price of the locally refined petrol would be cheaper than imported petrol, due mainly to local availability of the bulk of its crude oil and removal of transportation cost.”

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Let’s enjoy benefit of domestic refining — Experts, consumers
Similarly, Executive Director, Emmanuel Egbogah Foundation for Petroleum and Energy Industry Economics and Policy Advocacy, Professor Wumi Iledare, said the coming on stream of Dangote Refinery presented an opportunity for Nigerians to enjoy cheaper prices of petrol now or later.

He said: “The price of petroleum is majorly correlated with the acquisition cost of crude oil. The cost of running the refinery and opportunity cost of capital contribute marginally. Distribution and retailing costs are important but the crude cost matter the most.

‘’Thus, low price of petrol in Nigeria when Dangote Refinery operates at full capacity, is a possibility indeed, ceteris paribus.”

A motorist, who pleaded anonymity, said: “Most people have stopped driving every day. That is why we do not experience much traffic in the cities, including Lagos anymore. I am pleased that the Dangote Refinery will soon supply petrol. We hope and pray that it will be cheaper than the imported product.”

FG should float $1bn fund to complete new refineries — Refinery owners
However, President of Crude Oil Refinery-owners Association of Nigeria, CORAN, Mr. Momoh Oyarekhua, said: “ The coming on stream of Dangote Refinery is a very good development, especially as it would reduce huge dependence on imported petrol, conserve foreign exchange and create additional jobs.

“The government needs to support the construction of other indigenous refinery projects, currently at different stages nationwide. We have proposed the creation of $1 billion fund to support local investors.

‘’If this is done, lack of funds, which has always been a major challenge, would to some extent be addressed.
“The federal government and other stakeholders, including the Nigerian Midstream, Downstream Petroleum Regulatory Authority, NMDPRA, should engage with indigenous investors to explore the best ways and means of bringing this into reality in the best interest of oil and gas industry and the nation’s economy.”

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We expect sector wide impact – CPPE
Also, the Chief Executive Officer, Centre for the Promotion of Private Enterprise, CPPE, Dr. Muda Yusuf, said: “If we are able to take advantage of Dangote refinery to reduce our consuming products, it will go a long way in easing the country’s foreign exchange crisis. However, it would also make positive impact across all sectors.”

It’s premature for our reaction—NLC
Asked to react to the development yesterday, an official of the Nigeria Labour Congress, NLC, who chose to remain anonymous, said it was premature for comments, saying “how can we react to speculations? When we see what they have done, then, we can say something. For now, we think it is premature.”
NNPC Ltd moves to end shortage

On the current scarcity of fuel in some parts of Lagos and its environs, the Chief Corporate Communications Officer, NNPC Limited, Olufemi Soneye, stated: “The NNPC Limited wishes to inform the general public that the tightness in Premium Motor Spirit, PMS, supply witnessed in some filling stations in Lagos was a result of an issue in one of the depots in the area.

“The NNPC Retail Limited, our retail arm, has since resolved the issue and effective tomorrow (today), normalcy will be restored within the affected area.

“NNPC Limited calls on motorists in Lagos to avoid panic buying of PMS as all hands are on deck to sustain sufficiency in the supply of petroleum products in the area.”

Source: VANGUARD NEWS

 

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Oborevwori Seeks Private Sector Partnership As Delta Launches Security Trust Fund

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Oborevwori felicitates Muslims on Eid-ul-Mawlid

…Says No More Hiding Place For Criminals

Governor Sheriff Oborevwori, Wednesday, formally launched the Delta State Security Trust Fund and reaffirmed his administration’s commitment to building a safer, stronger, and more prosperous state through public-private partnership in security management.

The event, held at the Banquet Hall, Government House, Asaba, brought together captains of industries, security chiefs, community leaders, and top government officials, including the Group Chairman of Access Holdings Plc, Mr. Aigboje Aig-Imoukhuede, CFR, who chaired the occasion; Zenith Bank Founder and Chairman, Mr. Jim Ovia, CON, who served as Special Guest of Honour; and the Chairman of Tantita Security Services Limited, High Chief Government Ekpemupolo who served as Chief Launcher with a donation of N10 billion.

Speaking at the ceremony, Governor Oborevwori said the Security Trust Fund established by law in 2013 was designed as a collaborative platform for mobilizing resources from the private sector to complement government’s investment in security.

He explained that the fund would focus on acquiring modern surveillance equipment, operational vehicles, and communication tools, as well as supporting the training and retraining of security personnel and community vigilante groups across the 25 local government areas of the state.

He said: “Security is not the sole responsibility of government, it is everyone’s business. Without adequate security, development cannot thrive, businesses cannot operate freely, and investors will be reluctant to commit their resources. This Trust Fund represents our shared commitment to peace, public safety, and sustainable growth.”

Governor Oborevwori said his administration rebranded Operation Delta Hawk as Operation Delta Sweep and as a joint task force involving the Army, Navy, Air Force, Police, DSS, and Civil Defence Corps.

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While noting that the synergy among these agencies had yielded significant results, including the recovery of a cache of arms and ammunition from criminal elements, he outlined the government’s broader strategy for tackling the root causes of insecurity, poverty, unemployment, and youth restiveness through empowerment programmes, agricultural initiatives, and massive infrastructure renewal that have created thousands of jobs.

“Peace and security are better sustained when all citizens, especially women and youths, have opportunities to participate in economic growth,” he said.

The Governor said 0.5 percent of the state’s Internally Generated Revenue (IGR) is already allocated monthly to the Security Trust Fund, and appealed for sustained support from the private sector and individuals.

“Your contributions today are not just donations; they are investments in peace, stability, and economic prosperity,” he said, assuring that all funds would be transparently managed.

Chairman of the occasion, Mr. Aigboje Aig-Imoukhuede, described the launch as a defining moment in the state’s history and commended Governor Oborevwori’s leadership, which he said had transformed Delta into one of Nigeria’s most peaceful and progressive states. “Our Governor is both a driver and an enabler of progress,” he noted. “While others talk, he just gets it done,” he added.

Aig-Imoukhuede announced a personal donation of ₦100 million to the Fund on behalf of himself and his wife, Ofure, and expressed optimism that the initiative would mobilize up to ₦100 billion in 2025.

“This launch does not end today, it begins today. Together, we will continue to strengthen the foundation for Delta’s safety and growth,” he declared.

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In his goodwill message, Mr. Jim Ovia commended the governor’s foresight and described the Security Trust Fund as a bold and forward-looking initiative.

He reaffirmed Zenith Bank’s partnership with the state and pledged continued support for its developmental efforts. “Security is the foundation of peace, prosperity, and business growth. This Fund brings together stakeholders to build a safer and more stable environment for citizens and investors alike,” Ovia said.

Also speaking, Chief Keston Pondi, who spoke on behalf of High Chief Government Ekpemupolo, popularly known as Tompolo, lauded the governor for institutionalizing a framework that enables coordinated private-sector participation in tackling security challenges.

He said: “What we are launching today goes beyond a financial contribution, it is a strategic investment in peace, progress, and the protection of lives and property,” pledging Tantita’s full support for the initiative with a princely donation of N10 billion.

In his keynote address, a retired Deputy Inspector-General of Police, Marvel Akpoyibo, emphasized that development and security were inseparable and must go hand in hand.

He commended the ongoing transformation of road networks in Delta State, describing it as a major contributor to safety and connectivity. Akpoyibo called for increased investment in technology, training, and collaboration among security stakeholders, stressing that true security could only be achieved through shared responsibility.

Earlier, Executive Secretary of the Delta State Security Trust Fund, Mr Samuel Osasa, said the launch was aimed at reinvigorating the fund to meet emerging security needs.

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He disclosed that the Trust Fund had, over the years, provided vehicles, equipment, and support to security agencies, including the recent installation of modern facilities for the State Police Command to enhance implementation of the Delta State Criminal Justice Law 2022.

He appealed to corporate organizations, private institutions, and individuals to partner with the State Security Trust Fund through generous donations, assuring that all contributions would be judiciously utilized in accordance with the law.

The event featured goodwill messages, pledges of financial support from public and private entities, and renewed calls for collaboration toward ensuring lasting peace and security across Delta State.

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Oborevwori Performs Groundbreaking For Reconstruction Of Warri–Sapele–Benin Road

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Oborevwori Performs Groundbreaking For Reconstruction Of Warri–Sapele–Benin Road

…Says Project Symbolises Renewed Hope Partnership

Delta State Governor, Rt. Hon. Sheriff Oborevwori, on Tuesday, performed the groundbreaking for the reconstruction of the Warri–Sapele–Benin Dual Carriageway in Uvwie and Okpe Local Government Areas, declaring the project a symbol of renewed collaboration between the Federal and State Governments for the benefit of Nigerians.

Speaking at the ceremony, Governor Oborevwori said the project represented “another major step forward in the infrastructure renewal drive of the Renewed Hope Agenda of the Federal Government, in collaboration with the Delta State Government.”

He described the Warri–Sapele–Benin Road as a critical national infrastructure connecting major cities across the South-South and providing access to Edo and other parts of the federation.

“The section we are flagging off “covers a dual carriageway with reinforced concrete pavement, expanded shoulders, and extensive stormwater drainage systems, all designed to provide durability and ensure the safety of road users.”

Governor Oborevwori noted that the initiative underscored the gains of synergy between the two tiers of government, emphasizing that development becomes faster when governments work together in the interest of the people.

“Although this road is a federal route, the users are Deltans and Nigerians, and their safety and comfort are what matter most to us,” he said.

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The governor further disclosed that the Delta State Government had paid ₦10 billion in compensation to facilitate the ongoing construction of the Second Niger Bridge access road project, aimed at easing traffic congestion and improving connectivity between Asaba, Onitsha, and adjoining communities.

He lamented the hardship long suffered by commuters and transporters on the Warri–Sapele–Benin route due to its deplorable condition, noting that the reconstruction would enhance mobility, reduce travel time, and spur economic growth.

He said: “Beyond these economic benefits, the project will also strengthen security. Criminals often exploit bad roads to commit crimes. Once completed, this highway will make movement safer and improve the response of security agencies.”

The governor reaffirmed his administration’s commitment to making Delta one of the safest states in Nigeria through strategic investments in infrastructure, peace, and security.

He also promised that the requests of the people of Uvwie Kingdom partaining the Mother and Child Hospital and provision of 500KVA transformer, would be looked into.

“At over sixty years of age, I am not here for personal gain but to leave lasting legacies that generations will remember me for. By the time I leave office, I want Deltans to proudly say, ‘Oborevwori did this, Oborevwori did that,’” he said before officially flagging off the project from Effurun Roundabout by spare parts market to after Ohore, before Ometan Bridge.

Commissioner for Works (Highways and Urban Roads), Comrade Reuben Izeze, said the project is the brainchild of Governor Sheriff Oborevwori whom he described as a visionary leader determined to transform Delta’s infrastructure landscape.

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“This 10km project stretches five kilometres on each side and features an 8.8-metre-wide carriageway on both lanes, far beyond the standard 7.3 metres,” Izeze said, praising the governor’s foresight and commitment.

He said the project would be completed within 12 months, adding that the state would celebrate another landmark achievement that would enhance trade, transportation, and community life.

General Manager of China Civil Engineering Construction Corporation (CCECC), Engr. Thomas Feng, thanked Governor Oborevwori for the confidence reposed in the firm, promising to deliver the project in record time and to the highest standards.

“Today’s ceremony marks the beginning of a renewed era of infrastructure that will promote safer travel, stronger connectivity, and lasting economic growth for the people of Delta State,” Feng said.

Earlier, Chairman of Uvwie Local Government Council, Chief Anthony Ofoni, flanked by his Okpe Local Government Council counterpart, commended the governor for his people-centred leadership and announced that the Airport Road in Effurun would be named as “Rt Hon Sheriff Oborevwori Way” in recognition of his vision and enduring legacy.

Also speaking, HRM Emmanuel Sideso, Abe I, the Ovie of Uvwie Kingdom and Chairman of the Urhobo Council of Traditional Rulers, lauded the governor’s administration for prioritizing key infrastructure projects in Uvwie and across the state.

He noted that ongoing works such as the three flyovers and road expansions in Effurun and Warri had transformed the urban landscape and accelerated economic activities.

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Representative of the Orodje of Okpe Kingdom, Okakuro Mike Afe, joined in commending the governor for his developmental strides, praying for his successful completion of an eight-year tenure to consolidate the gains of the MORE Agenda.

The event attracted top government officials, traditional rulers, community leaders, and captains of industries, all of whom hailed the project as a beacon of renewed hope for the people of Delta and beyond.

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Varsity Chancellor Condemns Rejection Of NECO Results By Institituions

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Atiba Varsity Condemns Rejection Of NECO Results By Institituions

The Founder and President of Atiba University Oyo, James Adesokan Ojebode, PhD, ALA(CSN) JP has expressed deep concern over reports that some Federal universities have allegedly refused to accept the recently released National Examinations Council (NECO) results from admission seekers.

In a statement issued in Oyo, Ojebode described the development as “unjust, discriminatory, and inconsistent with Nigeria’s commitment to inclusive and equitable education.” He lamented that many candidates who initially applied with Awaiting Results were later denied admission after NECO released their results — a situation he termed “a denial of the fundamental right to education and a reflection of administrative insensitivity.”

Ojebode therefore called on the Federal Ministry of Education, the Joint Admissions and Matriculation Board (JAMB), and NECO to urgently intervene and ensure that all affected universities reopen their admission portals to allow candidates upload their results. He noted that “education must remain a tool for empowerment, not exclusion.”

He further emphasized that proper coordination among examination and admission bodies is crucial to maintaining the credibility of NECO, the integrity of Nigeria’s admission process, and the public’s confidence in the education system.

Atiba University Oyo
7th October, 2025.

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2027: Cameroon Prophet Reveals Who Will Win Nigeria’s Presidential Election

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Cameroon Prophet Reveals Who Will Win Nigeria's Presidential Election

Prophet Boris Jedidiah, a prominent cleric from Cameroon, has made a significant announcement regarding the upcoming 2027 presidential election in Nigeria.

He claims that President Bola Ahmed Tinubu’s victory is assured by divine intervention.

In a video that has gained widespread attention on his YouTube channel, the prophet asserted that he received a revelation from God indicating that no political opposition would be able to prevent Tinubu’s re-election. This statement has stirred considerable interest and discussion in political circles.

According to Jedidiah, “During the 2027 Nigerian presidential election, a governor who is presently governing a state of Nigeria is going to stand as a presidential candidate. But The Lord said to me that this governor is not going to become the president of Nigeria. His Excellency, Bola Tinubu, is going to be declared the president of Nigeria during the 2027 Nigerian presidential election.”

He further emphasized that any Nigerian governor or politician who rises against President Tinubu’s mandate would be acting against God’s divine purpose for the nation.

The prophecy has since attracted wide reactions on social media, with supporters of the president welcoming the message, while others questioned the growing trend of foreign clerics predicting Nigeria’s political future.

Nigeria’s next general elections, which will include the presidential and National Assembly polls, are scheduled for 2027.

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Delta EXCO Approves 2026 Budget Framework, Judges’ Quarters Construction

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Delta EXCO Approves 2026 Budget Framework, Judges’ Quarters Construction

The Delta State Executive Council (EXCO), Thursday approved key fiscal documents setting the stage for the preparation of the 2026 Appropriation Bill, alongside the construction of 10 new residential quarters for Judges across the state.

The State Commissioner for Economic Planning, Mr. Sonny Ekedayen, disclosed this while briefing journalists at the end of the EXCO meeting presided over by the Deputy Governor, Sir Monday Onyeme, in Asaba.

Ekedayen said the Council considered and approved the economic fiscal update, fiscal policy strategy, and the budget policy statement, critical documents required by law and fundamental to the preparation of the 2026 budget.

He explained that; “before the commencement of any budget process, there must be a set of assumptions, and it is those assumptions that the Executive Council considered and approved today.

“The document will now be transmitted to the State House of Assembly for the enactment of the necessary laws to enable us commence the actual budget preparation.”

According to him, the assumptions for the 2026 fiscal year are aligned with national parameters agreed upon by the Nigeria Governors’ Forum (NGF) to ensure uniformity across states.

“This uniform basis will make it easier to integrate the budgets of sub-national governments into a national framework,” Ekedayen said.

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He listed the key macroeconomic assumptions as follows: – Oil production: 1.7 million barrels per day; exchange rate: ₦1,500 to $1; GDP growth rate: 3.4%; Inflation rate: 23%.

He said these figures would guide the State’s Ministry of Economic Planning in designing the 2026 budget, which will subsequently pass through EXCO approval before being presented to the State House of Assembly.

“Today’s approval signals the beginning of the new budget season for Delta State,” he added.

Also briefing journalists, the State Commissioner for Housing, Hon. Godknows Angele, said EXCO approved the construction of 10 new judges’ quarters in Asaba, Warri, and Osubi as part of the administration’s commitment to the welfare of the judiciary.

“His Excellency, Governor Sheriff Oborevwori, believes in balancing all arms of government — the executive, legislature, and judiciary,” Angele said.

Angele said: “We already have commissioners’ and legislative quarters in Asaba. It was therefore necessary to provide befitting accommodation for our Judges.”

He explained that the project, approved as the first phase, will feature four-bedroom duplexes for 10 judges, five in Asaba and five in Warri/Osubi and designed for comfort and security within designated judicial residential clusters.

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“This is a new construction and not renovation. It is part of our administration’s effort to ensure the judiciary functions in a conducive and secure environment,” Angele added.

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Delta Exco Approves N10bn For Pensioners, Reviews Key Infrastructure Contracts

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Delta EXCO Approves 2026 Budget Framework, Judges’ Quarters Construction

The Delta State Executive Council (EXCO) approved the disbursement of ₦10 billion on Thursday to offset the pension liabilities inherited from previous administrations in the state.

The meeting, which was presided over by the Deputy Governor, Sir Monday Onyeme, was held at Government House, Asaba, on the directive of the Governor, Rt. Hon. Sheriff Oborevwori, who is on official engagement outside the state.

Briefing journalists at the end of the meeting, the Commissioner for Works (Rural Roads) and Public Information, Mr. Charles Aniagwu, flanked by his counterparts for Economic Planning, Mr. Sonny Ekedayen; Housing, Hon. Godknows Angele; and the Chief Press Secretary to the Governor, Sir Festus Ahon, said the EXCO deliberated on several life-impacting memos cutting across social investment, infrastructure, and governance reforms.

Aniagwu disclosed that the ₦10 billion disbursement was in fulfillment of Governor Oborevwori’s promise to ease the hardship of pensioners and to detray inherited pension liabilities.

“At today’s meeting, we approved the disbursement of ₦10 billion to begin the process of defraying pension arrears. A committee has been set up to ensure the funds get to deserving beneficiaries without bias or interference,” Aniagwu said.

He emphasized that the move was part of the administration’s broader commitment to improving the welfare of citizens under the MORE Agenda and making life more livable for senior citizens who had served the state diligently.

Aniagwu further revealed that the EXCO reviewed timelines for key infrastructure projects, including two major flyovers in Agbor (Uromi Junction) and Ughelli (Otovwodo Junction), being handled by Julius Berger Nigeria Plc.

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He said: “The Agbor flyover, initially scheduled for completion in 24 months, has been revised to 18 months, while the Ughelli flyover has been reduced from 24 to 14 months.

“These adjustments are aimed at delivering the projects faster to ease movement and boost economic activities”.

He added that the council also considered the Medium-Term Expenditure Framework (MTEF) presented by the Commissioner for Economic Planning, as part of preparations for the 2026 budget, which will soon be presented to the Delta State House of Assembly.

He disclosed that EXCO also terminated some non-performing contracts across the state to ensure efficient project delivery and value for money.

“Some contractors have failed to meet performance expectations, and since the government promptly mobilizes and pays for certified work, we cannot allow delays or negligence,” he stated.

One of the affected projects, he said, is the Igbodo Junction–Ubulu–Uku to Ogwashi-Uku Road, which will be re-examined and re-awarded to a competent contractor in line with the governor’s resolve to open up communities across the 25 local government areas.

Aniagwu also announced the council’s approval for the formal presentation of the Staff of Office to His Royal Majesty, Engr. Mike Oghenovo Orugbo, Okporua I, the Ovie of Udu Kingdom, following his installation by the kingmakers of the kingdom.

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The Commissioner reaffirmed the administration’s commitment to people-oriented governance, transparency, and accelerated infrastructural renewal across the state.

“Governor Oborevwori has made it clear that projects must deliver value to Deltans. Where contractors fail, we will not hesitate to act in the interest of our people,” Aniagwu added.

Aniagwu gave assurances that Governor Oborevwori’s administration will continue to prioritize human welfare, infrastructural development, and institutional reforms aimed at sustainable growth and prosperity for all Deltans.

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