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NCYP Calls for Immediate Action on PMS Price Surge and Transparent Petroleum Sector Reforms
NCYP Calls for Immediate Action on PMS Price Surge and Transparent Petroleum Sector Reforms
By: Michael Mike
The Northern Christian Youth Professionals (NCYP) has acknowledged the recent transition from the importation of Premium Motor Spirit (PMS) to local production and supply in Nigeria.
The group said like any significant change, this shift comes with challenges. However, the steep surge in the pump price of PMS—from ₦617 per liter to ₦855, and in some cases, as high as ₦1,200—has caused undue hardship on the populace. This increase is particularly concerning, as it exacerbates the strain on an economy that is being repositioned for genuine development.
We recognize the establishment of the Dangote Refinery as a commendable achievement, credited to the oil reforms initiated by the Federal Government. The goal of these reforms is to restore Nigeria’s capacity to refine its PMS locally, thus reducing dependency on imports. However, this important milestone should not come at the expense of ordinary Nigerians, who have in the last 17 months bear the brunt of removal subsidy as national sacrifice to genuinely reform the economy.
NCYP is confident that the current surge in PMS prices is not the outcome envisioned by President Bola Ahmed Tinubu when he made the courageous decision to remove the oil subsidy. We, therefore, call on Mr. President to take decisive action to address the current situation. We urge him to implement necessary changes within the Nigerian National Petroleum Company Limited (NNPCL) and his administration to ensure that his campaign promise of making life easier for all Nigerians is fulfilled.
Furthermore, we strongly encourage the President to appoint a substantive Minister of Petroleum. As the Commander-in-Chief, he is already shouldering numerous responsibilities, including addressing pressing national issues such as insecurity and food shortages. The appointment of a dedicated Minister of Petroleum will enable the President to focus on these other urgent matters, while the Minister can concentrate on effectively managing the petroleum sector and reporting directly to him.
To alleviate the fears of Nigerians who are concerned that the partnership between NNPCL and Dangote Refinery may compromise the refinery’s efficiency, we call for greater transparency from the NNPCL. Clear and open communication with the public will help restore trust and build support, as the NNPCL is ultimately accountable to the people it serves.
Lastly, we urge Nigerians to remain calm and patient, as we expect a reduction in PMS prices in the coming days. Trucks are currently loading PMS from the Dangote Refinery and distributing it across the country. This distribution process, though challenging, will soon stabilize, leading to more affordable fuel prices for all.
NCYP remains committed to advocating for the well-being of all Nigerians and calls on the government to prioritize the needs of the people during this period of transition.
NCYP Calls for Immediate Action on PMS Price Surge and Transparent Petroleum Sector Reforms
News
Zulum Hails Indimi’s FSPO as $350 Vessel Sail-Away
Zulum Hails Indimi’s FSPO as $350 Vessel Sail-Away
By: Our Reporter
Borno State Governor, Professor Babagana Umara Zulum has described the first indigenous Floating Production, Storage, and Offloading (FPSO) vessel, owned by Nigerian oil magnet, Alhaji (Dr) Muhammadu Indimi, as a landmark achievement for Nigeria’s industrial and technological advancement.
Governor Zulum stated this on Saturday, at the sail away ceremony of the EMEM Floating Production, Storage, and Offloading Vessel (FPSO), held at the Drydocks World facility in Dubai, which marked the completion of the vessel, and is now set to depart for Nigeria.

“The sail away of the EMEM FPSO is more than an engineering feat,” the Governor stated. “It is a powerful statement of confidence in Nigeria’s energy future and a reflection of what homegrown enterprise can achieve when guided by vision, discipline, and excellence.”
He began his remarks by thanking the Government and People of Dubai for their hospitality, noting that hosting the milestone in the UAE “underscores the strength of our mutual commitment to innovation, trade, and sustainable development.”
The EMEM FPSO, a $315 million facility with a storage capacity of one million barrels and a production capability of up to 30,000 barrels per day, is the first FPSO to be fully financed by an indigenous Nigerian company, Oriental Energy Resources Limited.

The Governor specifically commended Dr. Muhammadu Indimi and the Oriental Energy Resources team for this “bold accomplishment.”
“This achievement does not only contribute to national output,” he said, “it reinforces our collective belief that Nigeria’s private sector has the capacity to drive growth, create jobs, and compete globally.”
Upon its deployment to Petroleum Mining Lease (PML) 15, the FPSO is expected to boost Nigeria’s oil production and enhance national revenue, aligning with the economic diversification goals of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Governor Zulum concluded that the project’s success reflects the “resilience, innovation, and self-reliance” that define ongoing efforts to rebuild Borno State.
“It inspires confidence that, with determination and partnership, Nigeria’s best days lie ahead,” he said.

He wished the EMEM FPSO a safe voyage and productive operations, calling it a “symbol of Nigeria’s strength, ingenuity, and promise.”
The event was attended by the Governor of Adamawa, Hon. Ahmadu Umoru Fintiri and his Akwa Ibom state counterpart, Umo Eno; elder statesman Ambassador Babagana Kingibe (GCON); Chairman (CEO) Oriental Energy Resources, Alhaji Muhammadu Indimi; Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri and representative of the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Zulum Hails Indimi’s FSPO as $350 Vessel Sail-Away
News
VP Shettima Departs Belem For Abuja After Successful COP 30 Engagements
VP Shettima Departs Belem For Abuja After Successful COP 30 Engagements
- As Nigeria reaffirms resolve to champion climate change solutions in Africa
By: Our Reporter
The Vice President, Senator Kashim Shettima, has departed Belem, Brazil, for Abuja after a successful diplomatic engagement in the South American country where he represented President Bola Ahmed Tinubu at the 30th Session of the United Nations Climate Change Conference (COP 30).
This is just as Nigeria has reaffirmed its determination to continue to use its influence to lead the way in seeking solutions to climate change matters in Africa and beyond.
The Conference convened by Brazil’s President, Luiz Inácio Lula da Silva, in collaboration with the United Nations and other global partners, was held from November 6 to 7 in the city of Belém, capital of the state of Pará, in the Brazilian Amazon.
During the international engagement, Vice President Shettima joined other world leaders, development partners and business executives at the Leaders’ Climate Summit – COP30, where he delivered a speech on Nigeria’s effort in addressing climate change, saying the nation’s renewed climate agenda represents “not just an aspiration, but a solemn national commitment to preserve the planet for future generations.”
VP Shettima also represented President Tinubu at a high-level thematic session titled, “Climate and Nature: Forests and Oceans,” on the margins of COP 30, where he delivered Nigeria’s bold statement.
Delivering the statement titled, “The Rational Soul of Nature,” he called on global partners “to recognise the economic value of nature and to channel significant finance towards protecting and restoring it through predictable, equitable, and accessible funding mechanisms.”
The Nigerian Vice President also took part in the launch of the Tropical Forest Forever Fund, and participated in a roundtable chaired by President Lula on Climate and Nature, as well as an Amazonian Cocktail for Heads of Delegation, hosted by the President of Brazil.
On the sidelines, Senator Shettima also held bilateral meetings focused on establishing and managing Nigeria’s participation in the carbon markets, enabling the nation to unlock between $2.5 billion and $3 billion annually in carbon finance over the next decade to help meet climate goals.
Meanwhile, Nigeria has affirmed its determination to continue to use its influence to lead the way in seeking solutions to climate change matters in Africa and beyond.
Special Adviser to the President on NEC and Climate Change, Rukaiya El-Rufai, who disclosed this in an interview with journalists, gave a recap of the Vice President’s participation in COP 30 held Belem, Brazil.
She said Nigeria will use its influence to mobilize finance for the country, as well as advocate the adaptation finance for African nations in order to collectively tackle the challenges of climate change.
“One thing that I know the whole world would look out for is Nigeria’s leadership in Africa. So we do have our influence in the regional ECOWAS and also at AU platforms to demonstrate that we are that big brother.
“So, we must galvanize all stakeholders, both in public and private sectors, to make sure we implement our National Determined Contributions (NDCs) and make it work for us,” she said.
The presidential aide added that Nigeria’s natural resources will also play a key role in mitigating the effects of climate change.
“The natural capital we have – don’t forget that we are an oil-producing nation and endowed with vast natural gas resources and renewables – we will also continue to use that to implement the NDCs in a way that works for us and addresses the sustainable development challenges that we are facing,” El-Rufai added.
On the passion of the Nigerian government for seeking solutions to climate change matters, El-Rufai said, “Nature and climate are the very home that makes our economy thrive and also gives us the stability to live good lives. So, we are dependent on nature.
“That is why how you consume and use the natural resources is important to ensuring sustainability of livelihoods, economies and everything. So, this why we need to live our lives responsibly and also leave a better future for generations to come.
“The government led by President Bola Tinubu is concentrating on resilience and ensuring that there is long term shared value creation. The government will continue to prioritize climate and nature as well as ensuring that we lead on the necessary climate policies,” the Special Adviser added.
Noting that many countries are yet to submit their NDCs to the United Nations Framework Convention on Climate Change (UNFCCC), El-Rufai urged them to emulate Nigeria, just as she praised Nigeria for taking the lead.
“There are many countries that haven’t submitted their NDCs yet but Nigeria has. China and EU just submitted; so, you can see we are leading because we also have our Climate Change Act as well as our carbon market framework in place, and that is why the theme for COP 30 is apt: COP of Action and Implementation.
“This COP Presidency said they are not creating anything new; rather, let world leaders seat and operationalize NDCs and make sure all those climate-related finance pledges made at Baku that were brought down from $1.3 trillion to $300 billion come to a reality,” she stated.
VP Shettima Departs Belem For Abuja After Successful COP 30 Engagements
News
Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria
Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria
By: Zagazola Makama
Hundreds of members of the The Islamic Movement in Nigeria (IMN) in Kano on Saturday staged a protest against a viral statement attributed to United States President Donald Trump, suggesting the possibility of a military strike on Nigeria.
The protest, which took place in several parts of the Kano metropolis, saw large crowds chanting anti-US slogans while carrying placards expressing displeasure with the alleged remarks.

Zagazola Makama report that mobilisation for the protest was largely coordinated through Hausa-language social media platforms, where posts claimed that the United States was planning to “attack Nigeria.”
Video footage circulating online showed youths marching, calling for global condemnation of Trump’s alleged comments, and urging Nigerians to defend the country’s sovereignty.
The members said they viewed the comments as provocative and capable of inciting tension.
“The statement is unacceptable. No foreign nation should threaten Nigeria. This protest is to show that we will not allow external aggression,” a protester said.

The narratives circulating online suggest a growing trend of anti-US sentiment in parts of northern Nigeria, fuelled by misinformation, distrust of Western involvement, and emotional messaging tied to religion and national identity.
They expressed concern that such rhetoric, if unchecked, could escalate and be exploited by extremist groups or political actors.
Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria
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