When the wealthiest African in the world publicly turns his fire on a Nigerian civil servant and head of a regulating agency, it is never just a personal dispute. It is a stress test for the country’s institutions.
Last week, that test arrived loudly. In a series of blistering public accusations, Aliko Dangote launched an extraordinary attack on Farouk Ahmed, the chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The language was sharp, personal, and unrestrained. The venue was global. The implications were national.
What followed was not merely another clash between capital and the state. It became a referendum on power. Who holds it, and how it is exercised. And whether Nigeria’s regulatory institutions can withstand the pressure exerted by extreme wealth and public influence.
This moment matters because it exposes a fault line that many democracies fear but rarely confront so openly. At what point does legitimate criticism slide into intimidation? And what happens when the loudest voice in the room belongs to the richest man in the country?
When Wealth Speaks, the System Shakes Disagreements between business leaders and regulators are neither novel nor scandalous. They are part of the friction that keeps markets honest. But this episode crossed a line.
This is not merely a challenge based on policy alone; he questioned the integrity of the regulator itself. He alleged corruption; children were mentioned. He personalised the dispute. And he did so in a manner that clearly blurred the line between accountability and pressure.
That matters because words from someone of his stature do not fall gently. They move markets. They shape public opinion. They can delegitimise institutions before facts have time to surface.
In response, the NMDPRA chief offered a rare and revealing defence. According to multiple media reports, Mr Ahmed publicly explained that funds used for his children’s education came from long-term savings, including a scholarship scheme and personal investments, not public resources. He denied wrongdoing outright. He invited scrutiny and rejected the insinuation that his office had acted outside the law.
This exchange should have remained within the bounds of evidence, process, and law. Instead, it played out as a spectacle.
The Policy Beneath the Fury
The confrontation did not emerge in a vacuum. It is also unfolding against an intense policy debate over a proposed 15% import duty on refined petroleum products. Analysts and industry observers have warned that such a measure could disadvantage smaller players and limit competition. Reports indicate that the NMDPRA opposed the proposal on regulatory grounds.
If a regulator is publicly attacked for resisting a policy perceived to favour a dominant private interest, the implications go far beyond one man or one agency. It suggests a system vulnerable to pressure from those with the loudest megaphones and the deepest pockets.
That is how regulatory independence erodes. Not quietly, but under glare and noise.
Public institutions do not collapse only through corruption. They also collapse through fear. When regulators begin to anticipate retaliation, whether through public vilification, political pressure, or reputational assault, decision making shifts. Caution replaces judgment. Silence replaces courage. Oversight becomes performative.
This is the danger Nigeria must confront honestly. A billionaire attacking a regulator is not merely expressing free speech. He is signalling power. And when that power appears to be wielded in response to unfavourable decisions, the signal becomes chilling.
Nigeria cannot afford a regulatory culture where officials must choose between enforcing the law and preserving their personal reputations.
Truth Is Not Optional Equally troubling are the factual disputes embedded in the accusations. Public records and official explanations contradict several of the claims made against the NMDPRA leadership. Allegations of misconduct, now reportedly referred to anti-corruption authorities, remain unproven. In a society already strained by distrust, allegations carry weight even when evidence does not.
For public figures of global stature, accuracy is not optional. It is a duty.
The viral age rewards outrage. But governance depends on facts. When influential voices trade evidence for insinuation, truth becomes collateral damage.
Nigeria needs investors. It needs ambition. It needs an industrial scale. But it also needs boundaries. Wealth does not confer moral immunity. Success does not place anyone above institutional scrutiny. The test of leadership, public or private, is restraint when power is challenged.
For every industrialist who believes a regulator has erred, the avenues are clear. Engagement. Review. The courts. What weakens democracy is not disagreement, but degradation.
The Standard That Must Hold The NMDPRA will not always be popular. Regulators rarely are. But their legitimacy rests on process, law, and evidence, not on who is displeased.
This is no longer about one businessman or one regulator. It is about whether Nigeria can defend the idea that institutions matter more than individuals. Nigeria’s progress will not be measured by how loudly its most powerful citizens speak, but by how firmly its institutions stand when challenged.
When wealth forgets restraint, governance falters. When power rejects humility, trust erodes. Nigeria’s progress depends not on the might of billionaires but on the strength of its institutions, the truthfulness of its debates, and the restraint of those who wield disproportionate influence. It is time, therefore, for all who shape Nigeria’s future to remember that the measure of greatness lies not in how loudly one speaks, but in how responsibly one uses one’s voice.
Festus Okunola (Esq.), a barrister and entrepreneur wrote in from Lagos
Amstel Malta Sets Three Cities Aglow, Launches The First-ever Festiville In Aba
This December, Amstel Malta brought the magic and warmth of Christmas to life across three major cities — Enugu, Port Harcourt and Aba — with spectacular light installations that transformed streets into festive destinations for families, visitors, and returning loved ones.
From December 2nd to 4th, thousands gathered across the three cities to witness the lighting ceremonies, marking the official start of Amstel Malta’s 2025 festive campaign themed “Be Your Best all Season Long.” This initiative, a part of Nigerian Breweries ‘Legendary Christmas’ campaign, was designed to celebrate homecoming, inspire joy, and strengthen community connection during the most anticipated time of the year.
Speaking on the significance of the three-city celebration, Sarah Agha, Marketing Director, Nigerian Breweries Plc, explained that this year’s activities were anchored on Amstel Malta’s Be Your Best All Season Long message, a reminder that encourages Nigerians to show up for one another, reconnect during homecoming, and embrace the warmth and joy that help us bring our best selves into the season.
“The reason we are here today is rooted in the purpose of our company — to brew the joy of true togetherness. That is what we care about most. At Nigerian Breweries, we are a company committed to spreading joy, and this season holds a special place in the hearts of Nigerians. December is not just a date on the calendar; it is a time when distance no longer matters, when families come home to reconnect, share meals, settle differences, and celebrate as one.
“So, when we asked ourselves how we could make this season even more meaningful, the answer was clear: we would light up cities across the country. And we are a company that has the credibility to do this because our footprint spans across Nigeria.”
She added “We want to thank you — for showing up, for choosing Amstel Malta, for supporting us through the years, and for embracing a brand that inspires Nigerians to be the best version of themselves.”
In each city, the lighting ceremonies attracted dignitaries, government representatives, cultural leaders, residents, and visitors, who applauded the brand’s commitment to enriching public spaces and creating meaningful festive moments.
Popular personalities, including Stan Nze and Natacha Akide (Tacha), also joined in celebrating the light-up moments, adding excitement and colour to the festivities. They were received by consumers who came out to share in the experience and be part of Amstel Malta’s historic street light-up.
The highlight of this year’s Christmas calendar is the maiden edition of Amstel Malta Festiville in Aba, scheduled to hold between the 23rd to 27th of December, a full-scale festive village created to immerse families and communities in music, art, entertainment, and unforgettable holiday experiences.
The Festiville experience includes the Amstel Malta Grotto, a soulful Christmas carol night, and much more . Children will also enjoy a dedicated Kids’ Playground and Games Arena, ensuring that families of all ages share in the magic of the season.
Designed as a festive wonderland, Amstel Malta Festiville is set to capture the warmth, excitement, and togetherness of the Christmas season, giving families and communities a place to reconnect, celebrate, and create meaningful memories. With this year’s celebrations, Amstel Malta invites Nigerians everywhere to come home to joy, share in the light of the season, and Be Their Best All Season Long.
In addition to the Street Light Up tour and Amstel Malta Festiville in Aba, Amstel Malta will also be present at the Lagos Food Fest, a vibrant culinary and entertainment experience happening at Muri Okunola Park on December 14, 2025, giving Lagos residents another exciting opportunity to celebrate the season with the brand.
As the lights continue to shine throughout the festive season, Amstel Malta encourages residents and returning families to visit the installations, create memories, and celebrate love, gratitude, and togetherness.
To join the celebration, participants can take a selfie or group photos, videos at any of the installations and tag @amstelmalta using the campaign hashtag #LegendaryChristmasNB for a chance to win exciting prizes and Christmas surprises.
For more information on all the festive events by Amstel Malta, follow @amstelmalta on all social media platforms.
Detty December has officially begun. On November 26, media editors, cultural reporters, influencers and industry insiders gathered in Nomaada Lagos, Victoria Island for an intimate press cocktail hosted by Nigerian Breweries Plc. The event marked the official unveiling of “Legendary Christmas,” the company’s culture-defining festive agenda for 2025. The event marked the official unveiling of “Legendary Christmas,” the company’s culture-defining festive agenda for 2025, including its highly anticipated regional Beer Villages set to activate across select cities.
If you missed the reveal, here are the seven biggest takeaways.
1) Maltina Is Lighting Up Christmas For Families Nothing says Christmas like warmth and family time, and Maltina is bringing both to the streets of Lagos, Abuja and Ibadan.
Expect vibrant light-up ceremonies, glowing installations and cozy Christmas villages. Ambassadors like Tomike Adeoye and Kiekie will be on ground to host, bringing good humour and that familiar family energy.
Think twinkling lights, shared laughter, and refreshing Maltina in hand. A soft, joyful start to December.
2) Amstel Malta Is Celebrating Togethernes in the East and South-South Amstel Malta is bringing the spirit of togetherness to the East and South-South, celebrating the joy of reuniting with loved ones and the warmth of shared moments.
With light up ceremonies across Aba, Enugu, and Port Harcourt, the brand is transforming neighbourhoods into bright, festive landmarks for families, friends, and communities to gather. Expect lively performances, familiar faces, celebrity guests, and copious opportunities to make new memories.
3) Heineken Is Owning Premium Nightlife With Davido + Flytime Fest For music aficionados and nightlife lovers, Heineken is tuning into the rhythm of the season. The brand returns as the official beer partner for Flytime Fest (Dec 21–24) and is powering the iconic Davido’s “5ive Alive” Tour in Abuja, bringing flagship energy to Abuja’s nightlife.
Expect sharp green lighting, global party vibes, and premium experiences from sound-check to final encore. Think international-standard staging, immersive visual storytelling, and every detail curated the Heineken way.
4) Desperados Is Turning Up The Vibe If your December leans wild, colourful and unpredictable, Desperados is your host.
From its presence at Flytime Fest to high-energy nightlife takeovers across Lagos, the favorite party beer for Gen Z’s is curating moments for concert lovers and culture chasers. Expect rave culture, avant-garde fashion, dance mashups, and creators documenting every thrill. The brand is here for the nocturnal city kids.
5) Life Beer Is Bringing The Street Heat To Port Harcourt Life Beer is igniting Port Harcourt with a street-charged concert built for pure adrenaline. Headlined by Odumodublvck, the night will feature an electric mix of guest artist performances and high-energy hypemen, all amplifying the raw, unfiltered spirit of the city.
Expect dance circles, gritty street culture, and a crowd that knows how to turn every beat into a memory. PH, get ready; this one’s for the bold!
6) Goldberg Takes Over Ibadan with Zlatan Ibile Goldberg, a brand deeply rooted in heritage, is hosting a major concert in Ibadan.
Headlined by Zlatan, the lineup is stacked with fan-favourite street acts that mirror the city’s vibrant music scene. Expect a celebration of culture, rhythm, and pride, featuring street choreography, regional flavour, and plenty of sing-along anthems.
Round up your people, Ibadan is about to come alive!
7) Legend Extra Stout Will Close The Year With A Lagos Countdown Legend is showing up strong on New Year’s Eve.
The brand will headline Greater Lagos Countdown on December 31, a night of fireworks, music, shared toasts and citywide cheers. It’s the perfect way to close 2025 and welcome the new year surrounded by thousands who came to write their own stories.
A fitting finale for a festive season built on energy, history and community.
Final Word From family-friendly moments to concerts that run late into the night, Nigerian Breweries has built a festive map that speaks to every kind of December lover.
Whether you’re touching down from Heathrow, coming in from Port Harcourt, or staying put in Lagos, this season promises cultural colour, live music, homecoming memories and good energy in every corner.
Mr President, your decision to suspend the 15% tariff on petrol and diesel is more than a policy pause. It is a historic moment. It signals that, for the first time in twenty-six years of our democracy, a Nigerian President has chosen the people over monopoly. You have shown that leadership is not about bowing to the loudest interests, but about standing with the most vulnerable. For this, Nigerians say thank you.
For decades, successive administrations allowed a single businessman to shape the price of essential goods, from sugar to cement and more. In one administration after another, public policy bent in favour of monopoly, often disguised as “local content protection”.
Under President Obasanjo, import barriers turned cement into a cash cow for a few while Nigerians bore the cost. Under President Jonathan, the same pattern continued, wrapped in nationalistic rhetoric but ultimately serving narrow interests. Under President Buhari, initial resistance eventually crumbled, and monopoly was once again entrenched and rewarded.
This is the history that brought us here. A history where ordinary Nigerians paid more so that certain entities could dominate strategic sectors. A history where the pursuit of competition was treated as an inconvenience. A history where national resources became levers for private consolidation.
Mr President, that is why your decision stands out. It breaks a pattern that has held the economy hostage for years.
Nigerians watched Anthony Chiejina call you a boxer, and the nation cringed. He described your face as that of a boxer, and said you were ready to box instead of listening to the suffering of Nigerians. Nigerians are glad to realise that, at the heart of government, is a president with a people-centred vision and not a man swayed by theatrics. You proved that listening to Nigerians is not weakness. It is strength.
But, Mr President, we are sure that the detractors are not done. They are already working tirelessly to mislead, armed with faulty figures and selective interpretations of the Petroleum Industry Act. They want to bring this tariff back to your table. They want to persuade you to hand the entire fuel market to a single private refinery under the guise of “cost recovery”. They want to convince you that Nigerians must pay through their noses today so one investor can break even tomorrow.
Sir, analysts have asked a simple but critical question. What happens if this refinery, still unable to meet national demand at the moment, suddenly fails to deliver before the next election season? What happens if maintenance issues arise? What happens if prices are increased without restraint? The entire burden will fall on your administration.
Nigerians will not blame the refinery. They will blame the government. Your government. Why should the destiny of a nation be placed in the hands of one man? Why should the price of fuel, the heartbeat of our entire economy, depend on a single supplier?
This is not just risky. It is dangerous.
Mr President, no country secures its future this way. Not when we do not even have confirmed local refining capacity of sixty percent, let alone eighty percent. Not when the only reliable alternative is importation. Not when policy mistakes can create nationwide scarcity overnight.
This refinery was a bold investment. It will succeed. It will make money. But it does not need to break even on the backs of the poor within one year. It is a generational project. Let it mature at a responsible pace. Let competition thrive. Let poor Nigerians breathe.
This is why your suspension of the tariff means so much. It is the first time a President has acknowledged the overwhelming political and economic influence of Africa’s richest man and recognised where the real power lies. The real bulk stops on your table, not his. For the first time, the people have a President who is willing to say: No, not at the expense of Nigerians.
Sir, the people are counting on you. The economy is depending on you. Millions of households who have endured years of hardship are hoping you hold the line.
Nigeria cannot afford to be reduced to a company town. Not in our democracy. Not in this century. Not under your watch.
We are rooting for you, Mr President. We are praying for you. And we thank you for choosing Nigerians over monopoly.
God bless you. God bless the Federal Republic of Nigeria.
The (PAACA) has urged the Federal Government to delay the planned introduction of a 15 per cent import tariff on petrol and diesel, warning that the move could trigger a sharp rise in pump prices and worsen the current economic hardship.
The organisation said the policy should not be implemented until domestic refining capacity reaches at least 80 per cent of national demand.
Speaking at a press conference in Abuja, Executive Director of PAACA, Ezenwa Nwagwu, said data shows that domestic refining is not yet sufficient to meet national demand, and forcing importers out of the market would lead to scarcity and higher prices. According to him, imported petrol currently lands at about N802 per litre, while locally refined products land at N929.72 per litre.
He said adding a 15 per cent tariff would further increase costs, pushing the pump price up by between N140 and N165 per litre across the country. He noted that the Dangote Refinery, which the policy appears set to favour, currently supplies about 40 per cent of national demand and still imports components for its own blending, making the case for import restriction premature.
Nwagwu also warned that depending on one major supplier could give that company control over pricing and distribution, while sidelining independent depot owners and marketers who have invested heavily in infrastructure. He urged the government to suspend the proposed tariff until domestic refining capacity reaches at least 80 per cent of national needs.
He said, “Our call today is straightforward. The Federal Government must suspend or reject the proposed tariff, expose and correct its economic, social, and ethical flaws, and educate the public on the dangers of monopolies in vital sectors like fuel, cement, and food. Above all, it must promote transparency and fair competition to protect consumers, workers, and small businesses across the country.
“The facts are clear. The Dangote Refinery currently meets only about 40 percent of national fuel demand. Restricting imports now will not stabilize supply; it will create scarcity. Imported petrol today lands at roughly N802 per litre, while the locally refined product from Dangote lands at N929.72 per litre.
“Adding a 15 percent tariff will only make things worse, increasing pump prices by between N140 and N165 per litre and driving up the cost of transportation, food, and essential goods.”
Nwagwu called for transparency in refinery supply agreements and monthly publication of refinery output, import volumes, and landing costs by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The organisation further recommended establishing a downstream competition framework under the Petroleum Industry Act and an energy market monitoring unit under the Federal Competition and Consumer Protection Commission to prevent cartel formation.
Nwagwu said true energy security requires multiple suppliers, not protection of a single player, adding that government policies must prioritise citizens’ welfare.
Mr President, Nigerians have walked with you through a season of fire. They have endured subsidy removal, foreign exchange shocks, inflation that eats wages before payday, and reforms that have stretched household budgets to their breaking point. They did so because you asked for time — time to rebuild, to reform, to restore.
Now, after this difficult year of sacrifice, the government has confirmed that it will introduce a 15 per cent import duty on petrol and diesel. Mr President, this decision risks turning faith into fatigue. It is not reform, it is relapse — and it could undo the fragile trust Nigerians have placed in your leadership.
A Policy Born of Misdirection According to the leaked memorandum from the State House dated October 10, 2025, the new tariff is framed as a “market-responsive import framework” meant to “safeguard local refining capacity and stabilise the downstream market.” But Nigerians are not fooled by the language of protection when its result is punishment.
This tariff, applied to the Cost, Insurance, and Freight (CIF) value of imported fuel, will raise the landing cost of petrol by roughly ₦150–₦175 per litre. That means the average pump price could surge toward ₦970 or more per litre, a direct hit to every household, every transport operator, every food vendor, every generator owner.
This policy claims to “protect local refineries,” but the reality is different: it protects one refinery, the Dangote Refinery, at the expense of an entire nation. The refinery, which currently supplies only about 22 million litres daily, cannot meet Nigeria’s 50 million-litre daily consumption. So the rest will still come from imports — but now, imports that must bear a punitive 15 per cent tax, ensuring Dangote’s petrol looks cheaper, even when it isn’t.
That is not protectionism; it is manipulation dressed as policy.
Inside that closed circle lies the new “fuel cabal,” a collection of powerful businessmen who have aligned themselves with the refinery to dictate who lifts petrol, who gets access, and at what price. The market, which deregulation was meant to free, is now being redesigned for control.
We are told this tariff will “stabilise the market.” But, as history teaches us, monopolies do not stabilise; they suffocate. In cement, sugar, and now fuel, the pattern remains the same: establish dominance, then block rivals through state-backed regulations. What we are witnessing is not industrial policy — it is industrial capture.
Every naira added to fuel prices ripples across the economy. Transport fares rise by 20–30%. Food prices follow. Inflation deepens. The middle class shrinks further. The poor lose what little dignity inflation has not already taken. And all this, in the name of protecting an investor who built a “state-of-the-art” refinery but cannot yet supply half the country’s needs.
Economic policy is not a courtroom for the powerful to plead for privilege. It is a covenant between the government and the people. And that covenant is broken when policy tilts toward a single enterprise.
Why Protection Does Not Build Efficiency When global oil markets faced deregulation, from the United States to South Korea, competition — not tariffs — built resilience. Local refiners had to innovate, not lobby for protection. In the 1980s, American refiners survived the global glut not because of tariffs, but because the market forced them to be efficient, invest, and adapt. South Korea’s chaebols, initially sheltered, became efficient only after the state opened competition and removed protectionist crutches.
If a refinery built with global expertise and billions in investment cannot compete without government shields, then what is it offering Nigerians? The same Nigerians who have already indirectly funded infrastructure through public concessions, waivers, and policy privileges now face a second tax — at the pump.
The psychological compact between citizens and the state depends on fairness. When people believe that one man or one company is being favoured at their expense, they stop seeing reform as progress. They see it as betrayal.
Economics of Everyday Suffering Mr President, economic theory often hides its human cost. But behind every fuel price increase lies a family’s rationed meal, a trader’s collapsed margin, a farmer’s unaffordable transport. The sociology of hardship is cumulative — people can absorb one reform, perhaps two, but a third breaks faith.
Nigerians are patient, but patience is not infinite. Inflation, currency devaluation, and insecurity already weigh heavily. A 15 per cent tariff on fuel is not a correction — it is cruelty wearing the mask of economic reform.
Those who drafted this proposal insist the tariff is “not revenue-driven” but “corrective.” Yet every indicator shows that the correction benefits one player. The refinery’s own petrol, as of October 20, lands at ₦929.72 per litre — more expensive than the ₦802.44 landing cost of imported petrol.
If local refining is truly efficient, why must it be shielded from competition? Why must the public pay a premium to protect inefficiency? The promise of local refining was cheaper fuel, not controlled pricing.
Even more troubling, reports confirm that the Dangote Refinery itself has imported cargoes of gasoline in recent weeks, claiming they were “blending components.” If the nation’s premier refinery must import finished products, how then can it claim protection from import competition? Is it a refinery, a blender, or both?
The contradictions are too loud to ignore.
An Appeal to Conscience and Common Sense Mr President, Nigerians are not asking for perfection. They are asking for fairness. They are asking that your reform legacy not be hijacked by those who trade influence for policy.
You have often spoken of restoring Nigeria’s credibility in the eyes of investors, citizens, and the global community. That credibility depends not on who we protect, but on what we protect — fairness, transparency, and competition.
You fought cabals before; Nigerians remember. They trusted that you would never allow another to rise under your watch, this time cloaked in refinery smoke. The test is here again.
There are viable alternatives that can safeguard both the refinery and the community: Foster competition rather than imposing protection—allow multiple refiners, importers, and marketers to operate alongside one another. Enhance transparency—make the cost structure and production capacity of local refiners publicly available. Implement a gradual transition—introduce tariffs only when domestic supply surpasses reliance on imports. Conduct independent reviews—empower the FCCPC and NMDPRA to evaluate whether the refinery's pricing aligns with global standards.
Mr President, every leader is tested by the counsel he keeps. Those urging this tariff are not protecting your legacy; they are protecting their leverage. They are not serving Nigeria; they are serving themselves.
If this tariff goes forward, it will not only raise prices but also fuel resentment. It will feed the belief that government exists to protect the powerful, not the people.
You still have the chance to prove otherwise. The Nigeria you promised, open, competitive, compassionate, begins not with the policies we announce, but with the ones we refuse to endorse when they betray the people’s trust.
Respectfully submitted Rotimi Matthew Policy and Governance Analyst, Abuja
The recent government memo proposes a 15% tariff on fuel imports, claiming it will deliver "national energy security" and "market stabilisation."
Let's examine these generous fictions.
"This Will Reinforce Energy Security" Apparently, energy security now means making fuel scarce and expensive. The Dangote Refinery produces far below Nigeria's 66-million-litre daily demand, yet the solution is to tax the imports that actually keep vehicles running? Brilliant. Nothing says "security" like eliminating your backup supply before your primary source works.
"Imports Undercut Local Production" Translation: our $20 billion refinery can't compete with imported fuel, so instead of asking why, let's just ban the competition. Global refineries face import competition daily without requiring their governments to kneecap rivals. But Nigerian consumers should pay premium prices to protect a facility that promised efficiency but delivered excuses.
"The Tariff Will Improve Affordability" This might be the memo's boldest lie. A 15% duty adds ₦95–₦100 per litre, which becomes ₦140–₦165 after transport, storage, and margins. Food costs rise. Transport fares jump. Businesses close. But sure, let's call economic strangulation "affordability." Nigerians have already survived subsidy removal and currency collapse; why not add extortion to the list?
"This Serves Public Interest" Twenty marketers sell Dangote fuel ₦100–₦120 above import prices—no competition, no consequence. The same refinery demanding protection from imports quietly imports its own blending components. The hypocrisy is remarkable: imports are dangerous unless we're doing the importing. This isn't public interest. It's a protection racket with legislative approval.
The Bottom Line Nigeria is being asked to accept monopoly pricing, supply uncertainty, and economic hardship, all to protect a refinery that can't deliver on its promises. True reform would allow competition to expose inefficiency, not reward it with tariffs.
If this passes, remember: it wasn't policy. It was a heist, and the government held the door open.
Rotimi Matthew, a public policy analyst, wrote in from Abuja.
It is crucial to start this by acknowledging the importance of Dangote Refinery as a turning point in Nigeria’s oil and gas downstream sector. For nearly 40 years, the country has relied on imports to meet its energy needs, even though Nigeria is a major crude oil producer and the government has built three refineries.
This situation has caused a lot of contention for the country, including the introduction of fuel subsidies to provide a cushion for impoverished citizens in the country at the mercy of international markets.
The completion of the $20 billion Dangote Refinery is a monumental achievement. With a projected capacity of 650,000 barrels per day, it is the largest single-train refinery in the world and a symbol of industrial ambition with the potential to change the lives of Nigerians for the better or worse.
The Dangote Refinery can become a catalyst for healthy competition, accelerating the development of the downstream sector, or a monopolistic force that stifles competition, dictates prices, and undermines the broader goals of economic inclusion. The direction the refinery takes will be decided by the actions of Nigeria’s regulatory agencies.
The Promise and the Peril The Dangote Refinery promises to transform Nigeria’s energy landscape. We can already see the added benefits of local production in the stabilisation of the naira against the dollar as the country saves billions in foreign exchange and reduces its reliance on imported refined petroleum products. But, there have also been concerns about how the Dangote Refinery, which, despite its scale, intends to achieve vertical integration, will stay profitable without artificial market dominance.
Moves made in the company’s first year of operations suggest the Dangote Refinery is looking to replicate its attempts at a forced monopoly in other sectors in the downstream oil and gas sector. The refinery has already sought to disrupt the complex logistical network that ensures petroleum reaches final consumers by introducing a ‘free’ delivery service targeting major retailers, in a bid to incentivise them to ditch their long-term relationships with importers and depots and to buy products exclusively from the refinery. Industry stakeholders have condemned this move as predatory.
The Dangote Refinery has also been accused of abruptly lowering ex-depot petroleum prices and bearing the cost differential to undercut importers who cannot bear the losses incurred by this tactic. Already, many major importers and depots have been forced to shutter their businesses or risk bankruptcy. When challenged on the integrity of its tactics, the Dangote Refinery has defended its actions as healthy market competition.
A monopoly, even one born from private investment and innovation, can distort markets. It can lead to price manipulation, limit consumer choice, and create barriers for new entrants. In the absence of robust regulatory oversight, the very infrastructure meant to empower the economy could end up concentrating power in the hands of a few.
The Mandate of Regulators Nigeria’s regulatory bodies, particularly the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Federal Competition and Consumer Protection Commission (FCCPC), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), have a constitutional and moral obligation to safeguard the principles of fair competition.
It is their responsibility to ensure transparency in all business practices, monitor market behaviour and intervene when predatory actions are taken against competitors or consumers, even when they are ‘legal’. They must also enforce anti-trust laws and deter larger corporations from engaging in anti-competitive practices that marginalise smaller marketers. But most importantly, it is their responsibility to provide a favourable environment for new entrants into the downstream sector, and by doing so, ensure the energy sector remains resilient and dynamic.
The Dangote Group is only as big and successful as it is today because regulatory agencies ensured indigenous entrepreneurs were protected from monopolistic manoeuvres from international competitors. The same consideration must now be extended to other players in the energy sector to balance industrial ambition and market fairness. The Dangote Refinery represents a significant advancement towards self-sufficiency, but that doesn’t exempt it from the same standards of accountability that any other market participant must adhere to.
A Delicate Balance Nigeria stands at a crossroads. The emergence of the Dangote Refinery offers a rare opportunity to redefine the country’s energy future. The refinery may be privately owned, but the market it operates in belongs to the people.
The future of the energy sector is the responsibility of the agencies tasked with ensuring that Nigerians reap the benefits of deregulation and that companies maximise the opportunities a free market offers Nigerian entrepreneurs. If local regulators rise to the occasion, they can ensure that this refinery becomes a cornerstone of shared prosperity, not a symbol of concentrated power.
Olatunde Adebanjo, lawyer and real estate advisor based in Lagos, writes on the intersection of law, real estate, and public policy.
During a recent meeting at the seat of power, key government officials and energy leaders were locked in a consequential conversation. This gathering brought together a select group of influential government representatives and business figures close to the seat of power, including several associates operating in the shadows of a private petroleum refining bigwig.
For these cronies of Africa’s richest, their aim was simple: to manipulate policy in order to secure a monopoly over the downstream oil market. The pitch sounded patriotic enough: impose a 15% tariff on imported petrol to strengthen local refining, boost the naira, and make Nigeria self-sufficient.
But behind the presentation lies a familiar story. Obviously, these were not reformers. Although they got a listening ear, there were no commitments. “They came to hoodwink and mislead,” one senior aide said. “They said tariff would bring in money for the government, which makes it important for some officials. In reality, it will only enrich monopoly and punish Nigerians.”
The proposed tariff, if signed, would automatically raise the pump price of petrol by about ₦150 to ₦175 per litre, pushing fuel costs far beyond what many households can afford. Nigeria’s average daily consumption is around 50 million litres, but local refining capacity currently supplies only about 22 million litres. The rest still comes from imports. This means the tariff will not reduce import dependence; it will simply make imported petrol unaffordable and force all marketers to buy from a single source on its terms and timetable.
For a government that has promised reform, this means regression.
When Tariffs Become Tools of Control
Tariffs are not inherently bad. They can protect emerging industries from being swallowed by foreign competitors. But in this case, the “infant” industry is anything but helpless. The new refinery, valued at over $20 billion, is backed by decades of state incentives, preferential access to crude, and heavy political patronage. It does not need protection; it already has privilege.
The levy would increase landing costs for imported petrol by ₦150–₦175 per litre, automatically shifting the comparative advantage, regardless of its cost efficiency. Given the local supply of roughly 22 million litres of the estimated 50 million litres consumed daily, the tariff would force marketers to source primarily from a monopoly, sometimes unwillingly. At the said meeting, these men with ties to the local refining sub-sector and the industrial class, presented what they called a roadmap: the tariff would “seal the market” in favour of local refining, and within months, price stability would follow.
The presentation was a performance of persuasion rather than a policy debate. Economists and policy insiders who have reviewed the draft proposal warn that it could reignite inflation and cripple smaller players in logistics, retail, and manufacturing. “This is not a protective tariff; it is a political instrument,” said one senior energy analyst. “It will make monopoly drive up every cost that depends on petrol, from food transport to electricity.”
Yes, some in government are cautious. The narrative floating is that the president, given his people-centred reforms over the past year, is not yet ready to saddle the public with yet another levy. In private halls, officials express dismay at what they call overreach disguised as reform.
This tension is no minor leak; it signifies a policy crossroads. Will the state serve Nigerians or prioritise private interests? Any mistake in understanding this issue and making the right decision leaves the door wide open for the opposition to stroll through.
When Policy Becomes Private Strategy
For months, the monopoly advocates have framed the conversation as a patriotic duty to support local production. But their argument omits key details. First, the landing cost already surpasses imports: ₦929.72 per litre at the terminal compared to ₦802.44 for imported fuel. This means the “local advantage” does not exist. The tariff would not protect cheaper domestic output; it would simply punish cheaper alternatives.
Second, capacity constraints mean Nigeria cannot rely solely on local refiners yet. Even with full operations, distribution bottlenecks and limitations on product variety remain unresolved. To pretend that it can replace an entire import framework overnight is a dangerous illusion.
Third, such a policy hands a single company extraordinary leverage over national pricing. If importers disappear, there will be no benchmark, no competition, and no deterrent against price manipulation. Every adjustment at the refinery gate will echo through the economy like a tax.
The President’s reform agenda was built on sacrifice for long-term stability. Subsidy removal, foreign exchange unification, and fiscal tightening were all justified as painful but necessary steps. To now impose a new tariff that reverses those gains would betray both logic and the public’s patience.
Why Nigeria Must Demand Competition, Not Capture
Why must the state resist this tariff? Because energy is not a discretionary good. Sacrifice is not optional.
This is not academic. At its core, this is a choice between power and people. Should the pain of ordinary Nigerians be deepened to guarantee the dominance of a few? Should public policy be written in the language of protection but delivered as private enrichment?
If implemented, the 15% tariff would not only raise fuel costs but trigger a chain reaction; transport fares, food prices, manufacturing costs, and inflationary pressures would surge again. Every corner of the economy and homes connected to it will feel it.
The President is at a crossroads. He can side with those who whisper profit in the name of protection, or with the millions who believed his promise of people-centred governance. He can sign a tariff that rewards manipulation, or pause, review, and protect the public interest.’
History will remember which path he takes. For now, Nigerians can only hope that reason prevails.
Rotimi Matthew, a public policy analyst, wrote in from Abuja.
Accountant and social commentator Wale Adebayo through his X account "Mario9ja" has reacted to Senator Natasha Akpoti-Uduaghan’s latest confrontation in the Senate, accusing her of chasing clout instead of focusing on real governance.
During the Senate sitting on October 21, 2025, a mild drama unfolded involving Senate President Godswill Akpabio, Senator Akpoti-Uduaghan, and Senator Adams Oshiomhole. The exchange erupted when Senator Natasha sought to make additional comments on the abortion clause in the Criminal Code Amendment Bill, 2025, even after the matter had already been referred to a committee.
According to parliamentary reports, the bill in question seeks to impose tougher penalties for sexual offenses, including life imprisonment for offenders convicted of defiling minors. However, lawmakers agreed to suspend further debate on sections related to abortion and pregnancy termination, citing concerns that unclear language could endanger women in medical emergencies or expose doctors to prosecution.
Following that decision, the controversial clauses were referred to the Senate Committee on Judiciary, Human Rights, and Legal Matters for deeper review, with a report expected in two weeks. Though this procedural step was not captured in the viral video, it formed the backdrop of the confrontation.
After the matter had been formally stepped down, Senator Akpoti-Uduaghan attempted to revisit the abortion clause, insisting she should be allowed to speak since the issue directly affects women. Senator Adams Oshiomhole immediately raised a point of order, arguing that Senate rules forbid reopening discussion on a matter already concluded. He emphasised that permitting a single senator to speak would necessitate reopening the entire debate.
In his ruling, Senate President Akpabio upheld Oshiomhole’s objection, referencing Senate Rule 52(6), which bars further deliberation once a resolution has been made. Akpabio maintained that it would be “out of order” to revisit a matter already deferred to a committee.
The video of the exchange has since gone viral, with many Nigerians accusing her of attempting to create unnecessary drama for public sympathy, a sentiment echoed by Mario9ja in his post.
This constant theatrics is unbecoming of a lawmaker.
Yesterday again, Senator Natasha tried to stir needless drama on the Senate floor. You have to consider if she has ever opened the Senate rule book or if confusion is simply her comfort zone.
The Economic and Financial Crimes Commission (EFCC) has formally withdrawn the 13-count charge filed before the Federal High Court in Lagos against Chief Oba Otudeko, CFR, Chairman of Honeywell Group, and three other defendants. This marks a decisive conclusion to proceedings initiated in January 2025 regarding alleged non-performing loan transactions.
The foremost industrialist and philanthropist has long expressed confidence in the robustness of Nigeria’s judicial system, asserting from the outset that the matter was civil in nature and had been fully resolved eight years ago.
In a statement by Olasumbo Abolaji, Counsel to Honeywell Group, she reaffirmed the company’s unwavering commitment to good governance, transparency, and responsible corporate conduct. “Dr. Otudeko has for over six decades contributed to Nigeria’s economic and institutional development, including distinguished tenures across banking, industry, and public service. His leadership of First Bank was defined by stability, stewardship, and strategic vision.”
According to the group, “the development marks the closure of a chapter that, while challenging, never diminished our confidence in Dr. Otudeko’s integrity or our belief in the principles that have guided his life and leadership. At no point was there any finding or admission of wrongdoing, and this conclusion further affirms what we have always maintained: that this was a commercial transaction, which was investigated by the EFCC and resolved eight years ago. Dr. Otudeko’s record of service, enterprise, and nation-building stands firm and unblemished.”
During the proceeding earlier today, Rotimi Oyedepo, SAN, appearing on behalf of EFCC, informed the court that following a comprehensive review of the representations submitted by all relevant parties, including those from the complainant, First Bank of Nigeria, and the defence counsel, the Honourable Attorney General of the Federation (AGF) has exercised his constitutional discretion to discontinue the prosecution.
Citing the overriding interest of justice, public policy, and the need to forestall abuse of judicial process, Mr. Oyedepo stated that the Attorney-General of the Federation concluded that it was no longer in the public interest to pursue the matter.
The case withdrawal by the agency restores certainty to stakeholders across Nigeria’s financial markets, reinforcing confidence in institutional processes and highlighting the institutional checks that protect commercial engagements.
Ronchess Group Issues Public Disclaimer On Former Consultant Over Alleged Fraud
Ronchess Global Resources Plc., a leading provider of traffic solutions, construction and procurement services in Nigeria, has issued a formal public disclaimer disassociating itself from Mr. Samson Abayomi Davies, a former consultant who is currently facing trial over allegations of stealing, breach of trust, financial misconduct, and attempted corporate and economic sabotage.
In a statement signed by company management, the infrastructure and project delivery firm disclosed that Mr. Davies was disengaged from all responsibilities as of November 23, 2023, following internal investigations that uncovered "serious financial and ethical misconduct."
According to the statement, Mr. Davies allegedly misappropriated company funds running into millions of naira, failed to account for several operational sums entrusted to him, and absconded without resolution.
The company further revealed that, beyond financial impropriety, Mr. Davies had illegally duplicated and retained confidential company documents and assets, actions deemed not only unethical but also criminal. Following these discoveries, he was reported to the Economic and Financial Crimes Commission (EFCC), leading to his arrest in late May 2025 and subsequent arraignment in court, where he is currently standing trial for stealing.
In a more troubling turn, the company accuses Mr. Davies of launching a sustained blackmail and extortion campaign against Ronchess, allegedly orchestrating media smear efforts using stolen proprietary materials. The statement alleges that he has been actively promoting defamatory posts across several media platforms to mislead the public, damage the company's reputation and cause economic sabotage.
Ronchess Group has issued a strong caution to the public, stakeholders, and business partners, urging them to refrain from conducting any business with Mr. Davies under the company’s name. “He no longer represents Ronchess in any form,” the statement read. “Any individual or organisation that chooses to conduct business with him in the name of Ronchess does so at their own risk.”
The company emphasised that it will not be liable for any representations, engagements, or financial dealings made by Mr. Davies on its behalf. As the legal proceedings continue, Ronchess reaffirms its commitment to corporate accountability and protecting its reputation against misinformation and malicious acts.
The Economic and Financial Crimes Commission (EFCC) on June 10, 2025, arraigned Samson Davies, owner of Signature Advisory Ltd, on charges of stealing ₦190,791,494 from Ronchess Global Resources and breach of trust. The charge, read before Justice Mojisola Dada at the Special Offences Court in Ikeja, alleges that between October 2022 and October 2023, Davies and his firm “dishonestly converted” the funds to personal use.
The first arrest was made in December 2023, when he had a plea deal and signed an undertaking stating that he owed the company only 60,000,000 naira and agreed to return all company documents with a payment plan. He made an initial payment of 5 million naria the next day, but began blackmailing and attempting to extort money from the company afterwards..
Davies pleaded not guilty when the charge was brought against him. Prosecutors immediately sought a trial date and remand, while the defence applied for bail on liberal terms.
Justice Dada granted bail set at ₦50 million with two sureties of the same amount each. One surety must own property in Lagos, and Davies was ordered to surrender his international passport to the court. Pending perfection of bail conditions, he was remanded at the Nigerian Correctional Centre.
Dr. Sandra Duru, Nigerian activist and President of the Unique Family Foundation, has publicly revealed explosive claims involving Natasha Akpoti and Nigeria’s Senate President. Speaking through her media platform, Prof Mbeke, Duru said she was initially approached to support Natasha in a case involving alleged sexual harassment.
According to her, a political party leader approached and commended her for defending Natasha and sought to recruit her alongside former Minister Dr. Obiageli Ezekwesili to publicly back Natasha's cause. However, Duru said she insisted on speaking directly with Natasha before proceeding.
On March 27, 2025, Natasha called Duru after returning from the United States. The call was recorded, as per a disclaimer on Duru’s media platform, which automatically records all conversations. Duru disclosed that their relationship grew closer over time and became more personal, leading to deeper discussions about Natasha’s motivations.
In a shocking turn of events, Duru claimed that Natasha confessed that there was “nothing like sexual harassment,” contradicting the allegations previously made. “I broke down,” Duru said, adding that she had already contacted international bodies and made public posts accusing the Senate President.
Duru further alleged that Natasha offered her money and revealed that she had already paid Dr. Ezekwesili to support her claims. When asked whether Ezekwesili knew the truth, Natasha allegedly said, “They know. We are women. We can’t let these men be doing this to us. We have to fight.”
Dr. Duru says she has handed all evidence, including recordings, to the authorities and is cooperating fully with the ongoing investigation.
President Tinubu honours Senate President, Speaker and National Assembly, Assents to Regional Development Commissions
In a momentous stride towards Nigeria’s regional development, President Bola Ahmed Tinubu has made history by signing into law the South-West Development Commission (SWDC) and South-South Development Commission (SSDC) bills.
This action completes the establishment of five new Regional Development Commissions (RDCs), fulfilling a legislative priority championed by Senate President Godswill Akpabio, Speaker Abass and the National Assembly.
The new commissions; the South-West Development Commission (SWDC), the South-South Development Commission (SSDC), the North-West Development Commission (NWDC), the South-East Development Commission (SEDC) and the North-Central Development Commission (NCDC), are under the oversight of the Ministry of Regional Development, created in October 2024.
The ministry is responsible for coordinating the activities of the commissions, ensuring they adhere to their mandates, and facilitating inter-regional collaboration. The established regional commissions are tasked with enhancing infrastructure, economic growth, and social welfare within their regions.
In September 2024, the Senate passed the SWDC Bill with majority backing, then sent it to the House of Representatives for approval. Senator Gbenga Daniel from Ogun East sponsored the bill. Similarly, the SSDC Bill was passed in October 2024 and forwarded to the House of Representatives.
The South-South Development Commission Bill, a legislative priority under Senate President Godswill Akpabio’s leadership, aims to address ecological degradation and economic disparities in Nigeria’s oil-producing region. The South-West Commission will focus on infrastructure development and industrialisation, leveraging the region’s economic potential.
The swift passage of the bills for RDCs, including funding mechanisms, by the National Assembly, underscores the strong bipartisan support for regional development. Senate President Akpabio’s leadership in advancing these bills and ensuring their signage into law reflects his commitment to legislative reforms that promote equitable development across all regions of Nigeria.
President Tinubu’s assent to the SWDC and SSDC bills marks a milestone in Nigeria’s push for regional equity. With Senate President Akpabio and Speaker Tajudeen Abass’s legislative stewardship and the National Assembly’s bipartisan support, the RDC framework positions Nigeria to tackle zone-specific challenges through targeted interventions. With the president's assent, stakeholders can expect the commissions to be fully operational in the coming months, with measurable outcomes to validate this ambitious regional development strategy.
President Tinubu Signs South-South Development Commission Bill into Law, Honours Senator Asuquo Ekpenyong’s Legislative Vision
President Bola Tinubu has officially enacted the South-South Development Commission Bill, signifying a historic advancement toward equitable regional development in the country. This significant achievement for the region results from the leadership of Senator Asuquo Ekpenyong (APC, Cross River South), who also serves as the Chairman, Senate Committee on NDDC.
Senator Ekpenyong, alongside some co-sponsors from the South-South geopolitical zone, introduced the bill (SB. 358) in 2024 to address systemic disparities in resource allocation and development. The bill was passed with unanimous approval in the Senate.
“Today, we celebrate not just a legislative victory, but a testament to the South-South’s unwavering resolve for equity”, said Senator Asuquo. “The new commission will finally address our region’s unique challenges—from infrastructure deficits to environmental degradation—while ensuring Cross River and all South-South states receive the resources they deserve. I thank President Tinubu for his commitment to regional development and my colleagues for their bipartisan support. Together, we’ve paved the way for a brighter future where no community is left behind.”
Ekpenyong previously argued that the Niger Delta Development Commission (NDDC), which includes non-South-South states like Abia and Imo, diluted focus on the region’s unique challenges. He emphasised the need for a dedicated commission to prioritise geopolitical equity over oil revenue-based allocations, ensuring all South-South states—including Cross River, which previously received minimal NDDC benefits—gain equitable access to resources.
The bill also ensures funding through federal allocations, international grants, and partnerships, bypassing the NDDC’s oil-dependent model. This structure shields the commission from fluctuations in oil prices and ensures sustained development.
President Tinubu’s assent reinforces his administration’s commitment to regional empowerment, following similar approvals of the South-West and South-East Development Commissions. Senate President Godswill Akpabio lauded the bill’s passage, describing it as a catalyst for job creation and grassroots economic transformation.
The Pan Niger Delta Forum (PANDEF) has welcomed the bill’s signing and urged the President to appoint capable leadership to the commission to ensure its effectiveness.
Everyone saying as a corps member you’re not allowed to criticize or make comments about the country or government should provide the place in the rule book where this is written.
- Follow the right channel of communication. Any member who fails, neglects or refuses to follow the right channel of communication shall be tried by the Corps Disciplinary Committee and, if found guilty, shall be liable to the following penalties: i. No action shall be taken on such communication; and ii. Extension of service for twenty-one (21) days with half pay.
- Not be rude to constituted authority Any member who is rude to constituted authority shall be tried by the Corps Disciplinary Committee and, if found guilty, be liable to extension of service for a period not less than thirty (30) days with half pay.
- Not address the press on any policy issue without the prior written consent of the State Coordinator. Any member who addresses the press on any policy issue without the written consent of the State Coordinator shall be tried by the Camp Court and, if found guilty, be liable to extension of service for thirty (30) days on half pay.
lexy2014: off point. you have not answered the questions I asked you:
1. where is she graduating from?
2. is NYSC a school that she needs to graduate from? you are ignorant but you too wan drop comment
3. which authority is feeding her?
4. is the authority doing her a favour by feeding her?
5. did she willfully apply to be a youth corper?
6. certificate as proof of study or certificate as proof of service?
- Follow the right channel of communication. Any member who fails, neglects or refuses to follow the right channel of communication shall be tried by the Corps Disciplinary Committee and, if found guilty, shall be liable to the following penalties: i. No action shall be taken on such communication; and ii. Extension of service for twenty-one (21) days with half pay.
- Not be rude to constituted authority Any member who is rude to constituted authority shall be tried by the Corps Disciplinary Committee and, if found guilty, be liable to extension of service for a period not less than thirty (30) days with half pay.
- Not address the press on any policy issue without the prior written consent of the State Coordinator. Any member who addresses the press on any policy issue without the written consent of the State Coordinator shall be tried by the Camp Court and, if found guilty, be liable to extension of service for thirty (30) days on half pay.
creolehunt: And so what? When did it become illegal to criticize government policies or is she not entitled to airing her opinion?
Civilization is really far from nogeria. And I tell you that the nonsense practiced here is not democracy.
What's not her business in criticizing Tinubu? Is she not a Nigerian? Is Tinubu immune from criticism. And what do you mean by "not openly"? Is he a military dictator?
Extract from NYSC Code of Conduct
- Follow the right channel of communication. Any member who fails, neglects or refuses to follow the right channel of communication shall be tried by the Corps Disciplinary Committee and, if found guilty, shall be liable to the following penalties: i. No action shall be taken on such communication; and ii. Extension of service for twenty-one (21) days with half pay.
- Not be rude to constituted authority Any member who is rude to constituted authority shall be tried by the Corps Disciplinary Committee and, if found guilty, be liable to extension of service for a period not less than thirty (30) days with half pay.
- Not address the press on any policy issue without the prior written consent of the State Coordinator. Any member who addresses the press on any policy issue without the written consent of the State Coordinator shall be tried by the Camp Court and, if found guilty, be liable to extension of service for thirty (30) days on half pay.
Politics › NMDPRA: Wealth, Power, And The Peril Of Public Outbursts - Festus Okunola by Qtsnow(op): 12:02pm On Dec 17, 2025
