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Petrol price in Nigeria one of the cheapest in Africa, says FG

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The Federal Government on Monday said despite the recent increase in the price of Premium Motor Spirit to N162 per litre, the price of the commodity in Nigeria remained among the cheapest in Africa.

The Minister of Information and Culture, Lai Mohammed, said this at a press conference in Abuja.

Mohammed was joined at the briefing by the Minister of Power, Sale Mamman; and the Minister of State for Petroleum Resources, Timipre Sylva.

The minister said, “In spite of the recent increase in the price of fuel to N162 per litre, petrol prices in Nigeria remain the lowest in the West/Central African sub-regions.

“Below is a comparative analysis of petrol prices in the sub-regions (naira equivalent per litre): Nigeria -N162 per litre; Ghana -N332 per litre; Benin -N359 per litre; Togo – N300 per litre; Niger – N346 per litre; Chad -N366 per litre; Cameroon -N449 per litre; Burkina Faso -N433 per litre; Mali -N476 per litre; Liberia – N257 per litre; Sierra Leone -N281 per litre; Guinea -N363 per litre; and Senegal – N549 per litre.

Outside the sub-region, petrol sells for N211 per litre in Egypt and N168 per litre in Saudi Arabia.

“You can now see that even with the removal of subsidy, fuel price in Nigeria remains among the cheapest in Africa.”

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PDP Reaches Out to Peter Obi for 2027 Presidential Ticket

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In a major political development, Professor Jerry Gana, a founding member of the People’s Democratic Party (PDP), has confirmed that the party has officially reached out to Peter Obi, inviting him to return and contest the 2027 presidential election under the PDP banner.

Gana described the move as part of a broader strategy to reposition the party ahead of 2027 by rallying credible leaders with proven integrity. He emphasized Peter Obi’s strong grassroots appeal and untainted public record as key reasons the PDP wants him back.

“We have reached out to Peter Obi to return home for our party’s presidential ticket,” Prof. Gana stated.

Do you think Obi should return to the PDP or continue with his current coalition?

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Tinubu Engages Power Sector Leaders, Pushes for Lasting Energy Reforms

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President Bola Ahmed Tinubu on Friday held a strategic meeting with key stakeholders in Nigeria’s power sector at the Presidential Villa in Abuja, as part of renewed efforts to tackle the nation’s long-standing electricity issues.

The high-level session was chaired by the President, with his Chief of Staff, Femi Gbajabiamila, and Minister of Power, Adebayo Adelabu, in attendance.

Also present were some of the industry’s most prominent figures, including Heirs Holdings Chairman, Tony Elumelu; Chairman of the Association of Power Generation Companies, retired Colonel Sani Bello; Managing Director of Sahara Group, Kola Adesina; and Acting Chairman of the Nigerian Electricity Regulatory Commission (NERC), Musiliu Oseni.

The meeting focused on exploring sustainable solutions to Nigeria’s energy challenges, with a strong emphasis on collaboration, regulatory reform, and long-term investment.

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Prof. Nentawe Goshwe Yilwatda Elected as New APC National Chairman at Party’s 14th NEC Meeting

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In a significant development within Nigeria’s ruling political party, the All Progressives Congress (APC), Professor Nentawe Goshwe Yilwatda has been officially elected as the new National Chairman. His election was ratified at the 14th National Executive Committee (NEC) meeting of the party, held in Abuja on Wednesday.

The decision comes following weeks of internal consultations, with Yilwatda emerging as the consensus candidate after the resignation of former Chairman, Dr. Abdullahi Umar Ganduje. Party insiders say the move is part of broader efforts to reposition the APC ahead of upcoming state and national elections, as well as to stabilize internal party structures.

Prof. Yilwatda, a former university lecturer and current Minister of Humanitarian Affairs, is well-regarded in both academic and political circles. He previously served as the APC gubernatorial candidate in Plateau State during the 2023 elections and is known for his technocratic approach to leadership. His emergence as chairman is seen by some analysts as a strategic attempt by the APC to blend intellectual credibility with grassroots political experience.

Addressing the NEC and other stakeholders shortly after his election, Prof. Yilwatda expressed gratitude for the confidence reposed in him. He pledged to promote unity, discipline, and inclusivity within the party, stating that “a house divided against itself cannot stand.” He also emphasized the importance of returning the party to its founding ideals and promised to foster open dialogue and reconciliation among aggrieved party members.

The NEC meeting, which brought together top-ranking members including President Bola Ahmed Tinubu, Vice President Kashim Shettima, APC governors, national assembly members, and other party leaders, also featured deliberations on policy direction, party reforms, and electoral strategies.

President Tinubu, in his remarks, congratulated the new chairman and called for loyalty to the party’s mission of delivering good governance to Nigerians. He stressed the need for organizational discipline, urging members to support the new leadership in building a stronger and more cohesive APC.

As Prof. Yilwatda assumes leadership, expectations are high that he will help steer the APC through the evolving political landscape, mend internal rifts, and strengthen the party’s hold ahead of future elections.

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