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ActionAid Nigeria Demands Full Remittance of Fuel Subsidy Gains to Federation Account Amid Rising Poverty and Fiscal Crisis

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ActionAid Nigeria Demands Full Remittance of Fuel Subsidy Gains to Federation Account Amid Rising Poverty and Fiscal Crisis

By: Michael Mike

ActionAid Nigeria (AAN) has expressed deep concern over the delay and partial remittance of fuel subsidy removal gains by the Nigerian National Petroleum Company Limited (NNPCL).

This followed revelations contained in the World Bank’s Nigeria Development Update (NDU) titled “Building Momentum for Inclusive Growth, AAN lamented that: “Despite the full removal of petrol subsidies as of October 2024, NNPCL only began transferring revenues to the Federation Account in January 2025 and has, since then, remitted only 50% of the gains.”

AAN in a statement by its Country Director, Andrew Mamedu decried that the withholding of critical national revenue amid worsening economic hardship is unacceptable, noting that the World Bank estimates that these gains should amount to roughly 2.6% of Nigeria’s GDP in 2024 – approximately ₦10 trillion.

AAN stated that withholding half of this revenue from the Federation Account directly undermines the constitutional revenue-sharing framework and denies both the federal and subnational governments vital resources needed to provide basic public services and reduce poverty.

Mamedu said: “At a time when inflation remains high, the cost-of-living crisis has intensified, and over 104 million Nigerians are already living in multidimensional poverty, it is unconscionable that the full benefits of subsidy reform have not been transparently and equitably applied for national development,” warning that unless this fiscal opacity is urgently addressed, the reforms intended to stabilise the economy will only deepen inequality and exclusion.

He said: “We note the World Bank’s commendation of Nigeria’s macroeconomic reforms – including exchange rate unification and tighter monetary policies – but assert that economic stability without inclusive governance and justice for the poor is unsustainable.”

Mamedu said: “Today, ActionAid Nigeria calls for the following urgent actions:

“The President, in his capacity as Minister of Petroleum Resources, must direct the NNPCL to immediately remit the full revenue gains from fuel subsidy removal into the Federation Account, in compliance with the 1999 Constitution and the Petroleum Industry Act 2021. Partial remittance is a violation of constitutional principles and endangers public finance transparency.

“The Federal Ministry of Finance and the Office of the Accountant-General must ensure full transparency in the management and distribution of subsidy savings.A publicly accessible breakdown of allocations and expenditure must be published quarterly to ensure accountability and prevent fiscal leakages.

“The National Assembly must exercise its oversight function by summoning NNPCL leadership for a public hearing and conducting a comprehensive review of arrears, subsidy payments, and remittances.This must be followed by legislative action to prevent recurrence.

“The government must prioritise channelling these revenues toward pro-poor investments – including expanding the national social protection register, improving access to affordable public transport, and supporting local food systems. Without deliberate intervention, the poorest Nigerians will continue to shoulder the cost of reforms they cannot afford.

“The forensic audit of NNPCL, as announced by the Minister of Finance, must be independent, time-bound, and made public upon completion. Nigerians have a right to know how public resources are being managed.

“The Fiscal Responsibility Commission must assert its role in monitoring and reporting breaches of fiscal transparency and revenue remittance. Fuel subsidy savings cannot become another opaque stream of public wealth lost to institutional inefficiency.

“State governments must demand their fair share of the subsidy savings and demonstrate corresponding increases in public investment in education, health, infrastructure, and social welfare. They must also be prepared to sue NNPCL, if full remittances are not made. Furthermore, states must uphold transparency and be accountable in the use of their allocations, ensuring that every naira is directed towards pro-poor programming that delivers tangible benefits to citizens.

“Citizens must actively monitor and track the use of these resources. We urge the public, civil society organisations, community leaders, and the media to hold both federal and state governments accountable. Collective vigilance and civic engagement are essential to prevent corruption and ensure that the gains from subsidy removal translate into improved living conditions for all Nigerians.”

Mamedu reminded all stakeholders that inclusive economic growth cannot be achieved through macroeconomic reforms alone. Nigeria’s aspiration for a $1 trillion economy by 2030 will remain out of reach if fiscal governance continues to neglect the poorest and most vulnerable, insisting that:
“The full and timely transfer of subsidy removal gains is not just a matter of economic reform – it is a test of political will, public trust, and national accountability.”

ActionAid Nigeria Demands Full Remittance of Fuel Subsidy Gains to Federation Account Amid Rising Poverty and Fiscal Crisis

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ECOWAS Commissions Landmark Abuja Headquarters, Nigeria and China Renew Commitment to Regional Integration

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ECOWAS Commissions Landmark Abuja Headquarters, Nigeria and China Renew Commitment to Regional Integration

By: Michael Mike

The Economic Community of West African States (ECOWAS) on Thursday inaugurated its new permanent headquarters in Abuja, with leaders describing the imposing complex as a powerful symbol of regional unity, institutional renewal and the deepening strategic partnership between West Africa and China.

The commissioning ceremony brought together senior government officials, diplomats and regional leaders, with Nigeria’s Vice President, Kashim Shettima, representing President Bola Ahmed Tinubu, while the President of the ECOWAS Commission, Dr. Omar Alieu Touray, and China’s Ambassador to Nigeria and ECOWAS, Yu Dunhai, outlined a shared vision for stronger regional integration, economic transformation and closer Africa-China cooperation.

The modern headquarters, financed by the People’s Republic of China, was described by speakers as more than an office complex. It was presented as a lasting symbol of cooperation, resilience and a renewed determination to build a peaceful, prosperous and integrated West Africa.

Touray described the inauguration as “a truly historic milestone” in the life of ECOWAS, noting that the headquarters represents the fulfilment of a vision conceived during the groundbreaking ceremony in December 2022.

He thanked Xi Jinping for China’s support, saying Beijing had once again demonstrated its commitment to West Africa by providing the regional body with a world-class headquarters.

According to him, China’s contributions to ECOWAS have gone beyond infrastructure, recalling the country’s earlier support for regional peacekeeping through the provision of strategic military equipment and vehicles for ECOWAS security operations, alongside numerous development interventions across member states.

Touray said the completion of the headquarters within about two years reflected the strength of the partnership between China and ECOWAS.

He also praised Nigeria for its unwavering support as host nation, citing the country’s role in providing land, policy support and institutional backing that made the project possible.

For decades, the ECOWAS Commission operated from offices spread across different locations in Abuja, creating operational and logistical challenges.

Touray said the new integrated complex would significantly improve coordination, efficiency and productivity by bringing Commission staff together under one roof.

He disclosed that the facility consists of a central nine-storey tower flanked by two seven-storey wings and is equipped with modern conference rooms featuring interpretation facilities, archives, kitchenettes, banking halls, restaurants, a clinic, gymnasium, shops and even a daycare centre for nursing mothers.

Despite celebrating the physical accomplishment, the ECOWAS Commission President stressed that infrastructure alone could not guarantee progress.

“Buildings do not deliver transformation; people and institutions do,” he said, urging member states to ensure that the headquarters becomes a centre of excellence that drives innovation, strengthens collaboration and delivers tangible benefits to citizens across the sub-region.

Representing President Xi Jinping, Ambassador Yu described the building as the “Eye of West Africa” and a flagship achievement under the Forum on China-Africa Cooperation.

He said the headquarters reflects China’s enduring support for African integration and demonstrates the strength of China-Africa relations.

The ambassador noted that China continues to pursue cooperation with Africa based on sincerity, mutual respect, friendship and shared development.

He recalled that during the Beijing Summit of FOCAC, China and African leaders adopted an ambitious framework for building an all-weather China-Africa community with a shared future through six major pillars and ten partnership actions.

According to Yu, China will continue to support ECOWAS in promoting regional peace, economic development and improved living standards.

He pledged that Beijing would deepen cooperation in infrastructure development, digital economy, agriculture, food security, trade and investment, while fully implementing China’s zero-tariff policy for eligible African exports to strengthen Africa’s productive capacity.

The ambassador also called for stronger cultural, educational, youth and sporting exchanges, noting that this year marks the 70th anniversary of diplomatic relations between China and Africa and has been designated the Year of China-Africa People-to-People and Cultural Exchanges.

“China remains forever a trustworthy, sincere friend and a reliable partner to ECOWAS and all West African nations,” Yu declared.

Delivering President Bola Tinubu’s message, Vice President Shettima described the commissioning as both the inauguration of a landmark building and the renewal of ECOWAS’ founding covenant of solidarity, integration and shared prosperity.

He said nations and regional communities endure because their people refuse to abandon the ties that bind them together, insisting that the new headquarters stands as a reminder of the vision of ECOWAS’ founding fathers more than five decades ago.

The Vice President commended the ECOWAS Commission for delivering the ambitious project and expressed appreciation to China for financing the complex, describing Beijing as a dependable development partner whose own economic transformation offers valuable lessons for Africa.

While acknowledging ECOWAS’ achievements in peacebuilding, democratic governance, economic cooperation and the free movement of people and goods, Shettima warned that the region still faces daunting challenges, including terrorism, violent extremism, food insecurity, climate change, economic vulnerability, public health threats and rising unemployment among young people.

He argued that regional integration must now move beyond facilitating trade to building productive economies capable of creating jobs and sustaining growth.

“The hour has come to transform our regional market into a regional production base,” he said.

“We must deepen industrialisation, strengthen regional value chains, expand intra-regional trade and unlock innovation, manufacturing and investment opportunities for our young people.”

According to him, West Africa cannot continue to depend on imported goods if it hopes to achieve genuine economic independence.

“Our integration must increasingly be driven by what we produce rather than by what we consume because a community that consumes what it does not make will forever remain at the mercy of the goodwill of others,” he said.

Shettima also urged member states to strengthen political cooperation and collective security while keeping the door open to countries that have withdrawn from ECOWAS, stressing that regional integration has become indispensable to peace, stability and sustainable development.

He expressed confidence that the headquarters would become a centre for visionary leadership, innovation and collective decision-making capable of advancing the welfare of West Africans.

Together, the three speeches reflected a common theme: that while the new headquarters is an important physical achievement, its true significance will depend on the decisions taken within its walls.

For ECOWAS, the building represents not only a new administrative home but also a renewed commitment to regional integration at a time when West Africa is confronting complex political, economic and security challenges.

For China, it reinforces an expanding strategic partnership with West Africa built around infrastructure, trade and development cooperation.

And for Nigeria, as host nation, the commissioning underscores its continued central role in the affairs of ECOWAS and its determination to support the bloc’s pursuit of peace, stability and economic prosperity across the region.

ECOWAS Commissions Landmark Abuja Headquarters, Nigeria and China Renew Commitment to Regional Integration

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Interior Minister Seeks Stronger Federal-State Partnership on Security, Governance

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Interior Minister Seeks Stronger Federal-State Partnership on Security, Governance

By: Michael Mike

The Minister of Interior, Olubunmi Tunji-Ojo, has reaffirmed the Federal Government’s commitment to strengthening collaboration with state legislatures to drive reforms in internal security, governance and public service delivery across the country.

Tunji-Ojo gave the assurance on Thursday while receiving members of the Conference of Speakers of State Legislatures of Nigeria, led by its Chairman and Speaker of the Delta State House of Assembly, Emomotimi Guwor, during a courtesy visit to the Ministry of Interior headquarters in Abuja.

The minister commended the Conference for seeking closer institutional cooperation, describing state legislatures as indispensable partners in the country’s governance architecture. He said stronger collaboration between federal and sub-national institutions was essential to achieving lasting reforms in internal security and civic administration.

According to him, the ministry remains committed to building productive relationships with state legislatures and will give due consideration to proposals presented by the Conference within the framework of existing government policies and national priorities.

Tunji-Ojo stressed that the Ministry of Interior would continue to implement people-focused reforms aimed at improving national security, enhancing border management and strengthening the integrity of Nigeria’s internal governance systems.

Earlier, Guwor congratulated the minister on what he described as his reform-driven leadership, saying the initiatives introduced under his stewardship reflected the confidence reposed in him by President Bola Ahmed Tinubu.

He noted that the Conference of Speakers, as representatives of state legislatures closest to the grassroots, occupies a strategic position in supporting policies and reforms that directly affect citizens.

Guwor called for deeper collaboration between the Conference and the Ministry of Interior in areas that would promote national unity, reinforce Nigeria’s security architecture and improve the delivery of public services.

He also pledged the readiness of State Houses of Assembly across the country to provide the legislative backing required to advance the Federal Government’s Renewed Hope Agenda.

Both parties reaffirmed their commitment to sustained engagement and strategic cooperation, expressing confidence that stronger federal-state partnerships would contribute to improved governance, enhanced internal security and better service delivery for Nigerians.

Interior Minister Seeks Stronger Federal-State Partnership on Security, Governance

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VP Shettima Commisions Nigeria’s Largest Lithium Processing Plant InU Nasarawa

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VP Shettima Commisions Nigeria’s Largest Lithium Processing Plant InU Nasarawa

Says Solid Minerals Sector Strategic To Nation’s Economic Agenda

By: Our Reporter

The Vice President, Senator Kashim Shettima, has affirmed Nigeria’s readiness to create jobs, build skills, and expand its productive base through active participation in the global minerals economy.

He underscored the importance of solid minerals in a tech-driven era, saying they are the enduring backbone of every economy since no technology rises without them.

Senator Shettima stated this on Thursday whiile commissioning Diamond New Energy Projects, one of Africa’s lithium processig plant and mining company in Nasarawa State, on behalf of President Asiwaju Bola Ahmed Tinubu.

He identified what he described as the stark choices confronting Nigeria, noting that the nation must either maximise its industrial advantage and turn its endowments into engines of prosperity, or spend years manufacturing excuses for the nation’s lack of innovation.

VP Shettima observed that while the soil does not apologise for the failures of its occupants or congratulate them for their potential, it instead waits for a people serious enough to redeem it.

“That is why this occasion matters. The commissioning of Diamond New Energy Projects here in Nasarawa State represents confidence in Nigeria, in Nasarawa State, and in the revolutionary reforms set in place by this administration.

“It represents confidence that Nigeria is ready to participate in the global minerals economy on terms that create jobs, build skills, strengthen local enterprises and expand our productive base,” he declared.

Acknowledging that the national conversation in Nigeria had been “dominated by what lies beneath our soil,” including gold, lithium, tin, iron ore, bitumen, coal and other rare earth elements, Senator Shettima said discussing them with justifiable pride without deploying them to transform the lives of young Nigerians is futile.

“What changes a nation is the deliberate movement from extraction to processing, from potential to production, from raw materials to value-added goods, and from isolated investments to integrated industrial ecosystems,” he added.

The Vice President maintained that no nation can correct deep economic distortions without courage, just as “no economy has moved from dependency to productivity without building lasting ground for investment, productivity and growth, so that serious investors can plan for the long term, local entrepreneurs can compete, young people can find work, and the wealth of the nation begins to serve the people of the nation.

“This is why the solid minerals sector occupies a strategic place in our economic agenda,” the VP noted, pointing out that evolving technology is not only disrupting the world “but has restated the inevitability of solid minerals development.”

He attributed the success of building the mining firm to the resolve and vision of Governor Abdullahi Sule “to make Nasarawa a template for the promise of extractive industry development.”

VP Shettima commended the management of Diamond New Energy, describing the mining investment as timely, strategic and important “at the very moment Nigeria is repositioning itself.”

Earlier, the Governor of Nasarawa State, Engr. Sule, commended investors for choosing the state as the destination for one of Africa’s largest lithiumu processing plants.

He urged both local and foreign investors to take advantage of the state’s abundant solid mineral deposits and strategic proximity to the Federal Capital Territory.

Governor Sule said the state remains one of Nigeria’s most resource-rich investment destinations, with vast untapped mineral resources capable of driving industrialisation and economic growth.

On his part, the Minister of Solid Minerals Development, Dr. Dele Alake, said Nigeria has successfully redirected global investment attention to its solid minerals sector through deliberate reforms initiated by the Federal Government.

He described the establishment of the lithium processing plant as a product of the Nasarawa State Government’s commitment to improving the welfare of its people through industrial development and value addition.

He expressed optimism that the mining sector would soon emerge as one of the key drivers of Nigeria’s economic transformation and poverty reduction efforts.

For his part, the Senator representing Nasarawa West Senatorial District, Senator Ahmed Wadada, commended the Federal Government, the Nasarawa State Government and all stakeholders for their roles in attracting the investment.

He specifically praised Diamond New Energy Company for establishing the processing plant and urged the management to take the next step by manufacturing lithium batteries in Nigeria to ensure greater value addition, increased employment and maximum benefits for the host community and the nation.

For his part, the Chairman of Nasarawa Local Government Area, Alhaji Mohammed Ahmed, described the commissioning of the processing plant as the fulfilment of a long-held aspiration for the host community.

He said the facility will create employment opportunities for residents, boost internally generated revenue and stimulate economic activities in the area, assuring investors of the community’s commitment to maintaining peace and protecting the investment.

The Nasarawa State Commissioner for Environment and Natural Resources, Princess Margaret Elayo, described the project as a testament to the visionary leadership of President Bola Ahmed Tinubu and Governor Abdullahi Sule.

Also, the Ambassador of Jiuling and Canmax, Mr. Yu Chongqiang, said the companies selected Nasarawa State because of the investment-friendly policies of the state government.

He noted that the current investment marked only the beginning of the companies’ long-term commitment to Nigeria, revealing plans to further expand operations to meet the growing global demand for lithium products.

On behalf of the Nasarawa State Council of Chiefs, the Emir of Keffi, Shehu Chindo Yamusa III, congratulated the Federal Government for attracting the landmark investment to Nigeria.

He said the processing plant would reposition the country in mineral exploration, processing and value addition, while assuring the investors of the continued support and peaceful coexistence of the host communities

VP Shettima Commisions Nigeria’s Largest Lithium Processing Plant InU Nasarawa

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