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Update: Energy crisis: Petrol scarcity to persist

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….Petrol subsidy could hit N6trn by end of year, IMF warns

…PENGASSAN cites bridging cost, says high diesel price affecting trucking of petrol by tankers

…Adds sole importation, inadequate funds, others can’t guarantee supply

…As MOMAN canvasses full downstream deregulation, says inadequate supply responsible for scarcity

Indications emerged yesterday that the ongoing fuel scarcity in the country may not abate soon, as major stakeholders in the sector are currently expressing divergent views as to the cause(s) of the crisis.

While the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, said there is sufficient stock of the product to serve the nation for some weeks, which seemed to be the position of the Nigerian National Petroleum Corporation Limited, another major stakeholder, the Major Oil Marketers Association of Nigeria, MOMAN, said the product available is inadequate to serve the nation, noting that the shortage was fueled by fundamental issues and problems in the sector.

PENGASSAN blamed the current scarcity on difference in the bridging gap cost between when the cost of diesel was N250 per litre and now that it had risen to as much as N820.

Speaking at an electronic medium monitored in Lagos yesterday, President of PENGASSAN, Mr. Festus Osifo, said: “Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA and truck drivers are the ones administering the bridging fund.

“At a particular time, they agreed with truck drivers that the bridging fund is going to be about N10 per litre, depending on the destination you are going to all over the country.

“As at when they agreed, the cost of diesel was about N250, so it was fashionable and the N10 was okay, but today, the cost of diesel is over N700. It has tripled.

“So, the expectations from the tanker drivers is that since the cost has gone up, instead of paying N10.40 kobo as the case may be, you have to multiply it by three. This is a major problem. As at today, we have close to two billion litres of PMS, so the problem is not the stock.’’

He explained that while the stock is available, most truck drivers are not willing to move these products, “because of the previous problem I just enumerated.

“One of the issues again is that today, NNPC is the sole importer of PMS, so they import PMS into the country, and this PMS is brought to the high sea, so they rent some smaller vessels to bunker the PMS and take to the various tank farms or depots.

“So, if it’s the NNPC depots and you are loading from the NNPC depots, you are going to pay about N148 as the ex-depot price. But some of the PMS are also stored in private depots and those private depots don’t sell to retailers for N148; they add some premium to it. At the end of the day, they sell between N152, N155, N160 and N162.”

Inadequate supply, other challenges abound — MOMAN

Countering this at a virtual meeting monitored yesterday in Lagos, the Chairman of MOMAN, Mr. Olumide Adeosun and the Chief Executive Officer, MOMAN, Mr. Clement Isong, jointly observed that the current scarcity of petrol was occasioned by supply inadequacy in the last few weeks, which was worsened by the scarcity and rising price of Automotive Gas Oil (diesel), which tanker drivers depend on to move petrol from the depots to the filling stations.

They said: “MOMAN, as an association, fears that the current supply framework cannot guarantee steady and consistent supplies to the country, given the current state of government finances and unpredictable international supply shortages.”

Full downstream deregulation is key

The duo, who canvassed deregulation, said: “We recommend a gradual price deregulation with targeted palliatives (e.g. transport and agricultural subsidies) to the public to ease implementation.

“However, in the interim, MOMAN recommends that the current single supplier strategy be reviewed. The Federal Ministry of Petroleum Resources, in collaboration with the Ministry of Finance and other relevant MDAs, should set up a task force to immediately focus on increasing diesel supply through accelerated initiatives to increase local modular refining capacity. This move will tackle the supply and distribution challenges.

“There should be phased rehabilitation of existing NNPC refineries to hasten supply of middle distillates (AGO & ATK). MOMAN recognizes and closely associates with the need to ease challenges, with respect to high energy and transportation costs occasioned by extraneous circumstances.

“MOMAN shall continually do its best to distribute petrol to its customers across the country and keep exploring opportunities to partner with industry stakeholders, The Authority and the government should ensure the sustainability and institutionalization of a viable petroleum downstream sector in Nigeria.

“The full deregulation of the petroleum downstream sector and full implementation of the Petroleum Industry Act (PIA) 2021 clearly remains the most viable long-term solution to the country’s supply and distribution challenges.”

Ukraine-Russian war factor

In any case, an investigation by Vanguard indicated that the outbreak of the Ukraine – Russian war and ban on Russian oil and gas, have culminated in scarcity and rising prices globally.

Consequently, Nigeria remains one of the most affected nations because of its over-dependence on imported petroleum products at the expense of the nation’s scarce foreign exchange, thus over-stretching the capacity of government to import.

Legislators postpone dialogue with stakeholders

Meanwhile, the House of Representatives yesterday postponed its meeting with the major stakeholders in the downstream sector from yesterday to Friday this week, following the taking of permission and absent of major stakeholders.

However, the meeting was targeted at finding lasting solution to the nation’s prolonged energy crisis.

Specifically, those expected at the public hearing include the Nigerian National Petroleum Corporation (NNPC) Company limited represented by the GMD, Mr. Mele Kyari, the Minister of State for Petroleum, Timipre Sylva, the Chief Executive Officer of the NMDPRA, the Managing Director of the Nigerian Gas Company (NGC) and that of the Nigerian Gas Marketing Company (NGMC), two subsidiaries of NNPC Limited and others.

The lawmakers had in a letter signed by the Chairman of the Joint Committee on Petroleum Resources (Downstream) Hon. Mahmud Gaya, invited the heads of the organisations for the hearing.

But addressing the House, the Chairman of the joint committee, Gaya said he received communication from the GMD and the minister who said they would not be able to make it because they were also in another meeting at the time.

Long fuel queues, other woes remain

However, the queues remained visible at many filling stations across the nation, yesterday, due to lack of adequate supply.

Transporters, who managed to get supply at the prevailing black market price, ranging from N200 to N300, increased fares to cover cost.

This, it was gathered, has already culminated in the general increase in the prices of basic services and goods, including commodities, a development worsened by epileptic power supply and high prices of cooking gas as well as aviation fuel.

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Update : police tracks down mastermind of railway vandalism, recovers load of stolen Materials in Plateau, Says Opeifa

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The Nigerian Railway Corporation (NRC) had a major breakthrough recently it its efforts to apprehend the vandals of its critical assets across the country.
Towards this end, the Corporation’s police Command has arrested one Musa Abdullahi, aka Major aged 32, a notorious receiver and kingpin of vandalized railway materials, in Kaduna.
The arrest was a major success recorded by the Corporation in its campaign against the vandalisation and theft of railway materials, just as it intercepted a trailer loaded with railway components In plateau State.
In Kaduna, operatives of the Nigerian Police, Railway Command, arrested the suspect around the Rigasa area.
His arrest followed intelligence reports on the vandalism of electrical installations along the Mando–Rigasa corridor on Tuesday,14th October 2025.
Investigation is ongoing, and the case will be charged to court on conclusion.
In Plateau State, operatives of the Nigeria Police, Railway Command, intercepted trailer conveying large quantities of railway materials along KM 822–823, Foromaxis, in the early hours of Tuesday, 14th October 2025.
The truck, which was abandoned by its driver who fled the scene, was successfully towed to the Jos Railway Police Station on Wednesday, 15th October 2025.
Investigation is on going to uncover and apprehend all individuals connected to the theft.
The Managing Director of the NRC, Dr. Kayode Opeifa, commended the Nigeria Police for their professionalism, intelligence-led operation, and swift action in handling both incidents.
He described the arrests and recovery as clear evidence of the renewed synergy between the Corporation and security agencies in protecting critical railway infrastructure across the country.
Dr. Opeifa reaffirmed the Corporation’s resolve to strengthen collaboration with the Nigeria Police, the Nigeria Security and Civil Defence Corps (NSCDC), and other security formations to ensure that vandals, receivers, and collaborators are brought to justice.
He emphasized that such criminal acts amount to economic sabotage, warning that the NRC Management will continue to pursue zero tolerance for vandalism through enhanced surveillance, community engagement,and intelligence sharing.
Opeifa further appealed to residents of communities hosting railway facilities to remain vigilant and promptly report any suspicious movement around rail installations.
He noted that the railway system remains a major driver of national development and urged the public to view its protection as a shared responsibility.

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Update : TINUBU DEPARTS ABUJA FOR AQABA PROCESS MEETING IN ROME, SAYS ONANUGA

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President Bola Tinubu will depart Abuja on Sunday, October 12, for Rome, the capital of Italy, to participate in the Aqaba Process Heads of State and Government Level Meeting, with special focus on the security crisis in West Africa.

The meeting, which will begin on October 14, will bring together Heads of State and Government, senior intelligence and military officials from African countries, and representatives of intergovernmental and non-governmental organisations to discuss the evolving security challenges in West Africa.

The Aqaba Process Meeting is a counter-terrorism initiative launched by King Abdullah II of Jordan in 2015. It is co–chaired by the Hashemite Kingdom of Jordan and the Italian Government.

It recognises the complex security challenges confronting West Africa, including the expansion of terrorist networks, the growing crime-terror nexus and the increasing overlap between land-based terrorism in the Sahel and the maritime piracy in the Gulf of Guinea.

At the meeting, participants will exchange assessments of the current security landscape in West Africa and foster collaboration between regional and international partners to address cross-border security challenges. Participants will also develop strategies to counter the terror threat on land and the sea.

The meeting will discuss ideas on how to coordinate efforts to combat online radicalisation and disrupt digital networks that facilitate terrorist propaganda and recruitment.

In addition to attending the plenary sessions of the Aqaba meeting, President Tinubu will hold bilateral talks with other leaders to explore ways of addressing the rising security challenges across the subregion.

The President will be accompanied by the Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu–Ojukwu, the Minister of Defence, Mohammed Badaru Abubakar, the National Security Adviser, Nuhu Ribadu, the Director-General of the National Intelligence Agency (NIA), Ambassador Mohammed Mohammed, and other senior government officials.

 

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2027 Election : All is set for the collapse of the PDP in Enugu As Mbah, Others Join APC

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…..Gov, lawmakers, party executives exit party enmasse

……Uncertainty over Suswam’s, ex-NAFDAC boss’ defection in Benue

…….PDP kicks, says govs being intimidated, coerced to defect

……Put your house in order, we’re not architect of your woes – APC

In a manner reminiscent of the defections that occurred in Delta and Cross River states earlier in the year, Governor Peter Mbah and all elected and appointive officers of the state are set to formally defect from the PDP to the All Progressives Congress (APC) on Tuesday next week.

The newly inaugurated Enugu State APC Caretaker Committee Chairman, Dr. Ben Nwoye, confirmed the development to newsmen at the APC National Secretariat in Abuja after taking the oath of office yesterday.

He made the disclosure during a press briefing by the newly inaugurated Enugu State Caretaker Committee.

Describing Mbah’s defection as the dawn of a new political era for Enugu and the Southeast region, Nwoye said the governor’s coming into APC would be “a merger between transformation and renewed hope.”

“For the past 10 years, Enugu State has remained in opposition. But all that ends on Tuesday when Governor Peter Mbah declares for the APC. And he is not coming alone,” Nwoye said.

According to him, the defection will signal a “historic alignment” as Mbah will be joined by 260 councillors, 24 state lawmakers, National Assembly members, and the entire state executive council—an unprecedented political realignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

“Where Enugu goes, the Southeast goes. This marks the beginning of the Southeast’s political reawakening and full integration into national politics,” Nwoye said with a tone of confidence.

Commending the Governor Mbah’s performance in his last two years in office, Nwoye, who was the founding state chairman of the party, noted that his economic and infrastructural reforms had elevated the state to one of Nigeria’s top-performing states in internally generated revenue.

He added that the synergy between Mbah’s Transformation Agenda and President Tinubu’s Renewed Hope Vision would accelerate development and economic growth across the Southeast.

APC National Chairman, Prof. Nentawe Yilwatda, who inaugurated the seven-man caretaker committee for the party in the state, had earlier hinted of moves by the APC to strengthen its foothold in the Southeast.

The APC chairman charged the new Enugu leadership to consolidate the shock defection into a “lasting political conquest”

“APC is home for all. The person who came yesterday, today or tomorrow has equal rights.

Nigerian government services
Private refinery investment Nigeria
Digital trade agenda investment
“Our goal is simple: to expand, to win, and to deliver overwhelming victory in 2027,” Yilwatda said.

APC’s Deputy National Chairman (South), Emma Eneukwu, who is from the state, said the political development in the state marked the return of the Southeast region to national relevance.

“We will no longer play second fiddle. With Enugu in APC, the Southeast has found its voice again,” he declared.

Uncertainty over Suswam’s, ex-NAFDAC boss’ defection in Benue

There were strong rumours yesterday that Suswam, Orhii who currently serves as a member of the House of Representatives representing Agatu/Apa Federal constituency, Hon. Ojema Ojotu and former Benue North East Senator, Prof. David Iornem were set to join the APC in Benue State.

This was in spite of a statement issued by the media aide to Suswam dispelling the rumour that his boss had defected from PDP to the ruling party.

Banners and signposts announcing their official defection and pre-decamping dinner adorned major roads and streets in Makurdi, the state capital, yesterday.

It is the first time Suswam would defect to another party since joining politics in 1999.

The black cat, as the former governor is widely known first won an election to represent Katsina Ala, Logo and Ukum Federal Constituency in the House Representatives on the platform of the PDP.

After eight years in the House of Representatives, he was elected the governor of Benue State for another eight years also on the platform of PDP.

His first bid to go to the Senate, however, ended in a fiasco as he lost the election. He, however, made a second bid and won election into the Senate.

He had remained in PDP even after losing his re-election bid until yesterday when the news of his defection broke.

There was jubilation from Suswam’s massive camp of supporters yesterday on hearing that the former governor had defected to APC.

In Anyiin his country home and Ayilamo settlement, there was dancing and singing throughout the day, with shouts Dom Agya as Suswam is known in his ancestry home.

At press time yesterday, he was locked in a meeting with his supporters.

Our correspondence learnt that the meeting was meant to deliberate on the date for the defection ceremony.

But the media aide to Senator Suwswam, Bede Bartholomew, yesterday denied the claims that his boss had defected to APC.

Bartholomew however admitted that Governor Hyacinth Alia two days ago extended an invitation to Suwswam and other leaders for a banquet with him at Government House Makurdi.

A press statement he signed and made available to our correspondent yesterday reads: “Moments ago, I received telephone calls from well-meaning Benuelites and leaders alerting me to trending news on Benue’s social media space purporting that the former governor of Benue State, His Excellency Senator Gabriel Torwua Suswam, is set to defect to the All Progressives Congress (APC) today and would be received by the Governor of Benue State, His Excellency Governor Hyacinth Alia, this evening at the Banquet Hall of the Benue State Government House.

“I debunk this unholy rumour with all vehemence as it doesn’t represent the current interests of Senator Gabriel Suswam or that of his supporters across the state and should be treated as a mere rumour and that’s all.

“What I know is that two days ago, the Governor of Benue State HE. Rev. Fr. Hyacinth Alia respectfully extended an invitation to Sen. Suswam, among other stakeholders, expressing his desire to attend a State Banquet slated for 10th October, 2025.

“It should be noted that as a former Governor of the State, Suswam is a stakeholder in the Benue project, thus his reason for accepting the invitation.

“There was no indication in the invitation letter that it was a political event or a decamping ceremony whatsoever.

“The former governor advises his supporters and well-wishers to disregard this rumour as it is baseless, aimless, and a lie from the deepest pit of hell.

“Suswam appreciates everyone who called in for further enquiries and concerns and wishes everyone a happy weekend ahead.

Defections: Blame no one for your woes, says APC as PDP kicks

The ruling All Progressives Congress (APC) yesterday took a swipe at the Peoples Democratic Party (PDP), accusing the opposition party of being responsible for its woes as more of its members are dumping it for the governing party.

This came on the heels of plans by the PDP governor of Enugu State, Peter Mbah, and the entire elective and appointive officers of the state to defect to APC on Tuesday.

The PDP had on Thursday blamed the wave of defections from the party on APC, accusing the ruling party of engaging in intimidation and coercion of its elected members.

National Publicity Secretary of the party, Debo Ologunagba, while reacting to reports of the planned defection of some governors elected on the platform of the party to the APC, accused the ruling party for its misfortune.

“The APC is orchestrating all of this through intimidation, through coercion, through blackmail,” he said.

But APC National Publicity Secretary, Felix Morka, waved off the PDP allegation, insisting that the opposition party was only crying over a self-inflicted problem.

Dismissing the PDP allegation, Morka said: “The PDP continues to ridicule itself by the boring, repetitive and baseless claim that APC is, somehow, intimidating or cajoling its governors and other senior members to dump their wreck of a party.

“The PDP is the sole maker of its own political predicament. The party is only harvesting well-deserved adversity from decades of political recklessness, mindless corruption, ruthless desecration of democracy, disgraceful failure of leadership, and destructive impunity that characterised its existence.”

Justifying the defection to APC, Morka argued that “the governors and members that are dumping the party in their numbers are doing so in exercise of their free democratic will, and wisely so, to mitigate against the devastating fate that Nigerians will deal the party in the upcoming 2027 elections.”

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