Author: The Nation

  • Senate screens Tinubu’s mominees for NUPRC, NMDPRA

    Senate screens Tinubu’s mominees for NUPRC, NMDPRA

    President Bola Ahmed Tinubu’s push to reform Nigeria’s oil and gas governance gathered momentum on Thursday as the Senate began the screening of nominees for the leadership of the country’s key petroleum regulatory agencies.

    The nominees, Oritsemeyiwa Amanorisewo Eyesan for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Saidu Mohammed for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), appeared before the joint Senate Committee on Petroleum Resources (Upstream, Downstream and Gas) at the National Assembly.

    During the screening, the nominees pledged to implement far-reaching reforms aimed at blocking revenue leakages, restoring regulatory discipline and attracting new investments into the sector.

    They outlined reform agendas focused on digitisation, strict enforcement of contracts, credible data management, improved investor confidence and accelerated gas development, in line with the provisions of the Petroleum Industry Act (PIA).

    Their nominations followed the resignation of the pioneer chief executives of the two agencies, Gbenga Komolafe of the NUPRC and Farouk Ahmed of the NMDPRA, who were appointed in 2021 after the PIA came into force.

    Eyesan, nominated to lead the upstream regulator, told senators that Nigeria was losing significant value due to manual regulatory processes and weak system integration in an industry that is increasingly driven by technology. 

    She stressed the need for modern, digital systems to enhance transparency, efficiency and accountability across the upstream sector.

    “We are still largely manual, while the world is moving at jet speed. Without digitisation and real-time data, you cannot truly understand what you are regulating, and you will continue to lose money,” she said.

    She stressed that effective regulation depends on accurate data, asset integrity monitoring and transparent systems, adding that collaboration among regulators, operators and policymakers was key to resolving bottlenecks in the sector.

    “We must collaborate with stakeholders, identify our pain points and address them collectively. That is how we move the needle forward,” Eyesan said.

    She assured lawmakers that she would fully deploy the PIA as a regulatory tool to reposition the upstream sector, attract investments and ensure Nigeria remains competitive amid the global energy transition, describing the law as “a valuable document” if properly implemented.

    Eyesan, an Economics graduate of the University of Benin, spent nearly 33 years at the Nigerian National Petroleum Company Limited (NNPCL) and its subsidiaries, retiring as Executive Vice President, Upstream. She cited her role in resolving long-standing disputes with international partners, restoring investor confidence during divestment threats and facilitating multi-billion-dollar deep offshore investments.

    She also recalled signing Nigeria’s first non-associated gas development contract and contributing to the increase in crude oil production from about 1.3 million barrels per day to 1.8 million barrels per day during her tenure.

    “Having worked as an operator and participated in resource development, I believe I have the competence to regulate the industry and ensure we maximise the enormous opportunities before us,” she told the committee.

    On his part, Mohammed, the NMDPRA nominee, emphasised the need to restore discipline across the gas and petroleum supply chain through strict enforcement of contracts and quality standards.

    “Gas is not a favour; it is a commodity. It must be sold on the basis of enforceable contracts from the producer to the transporter and the end-user,” he said, blaming weak contractual frameworks for persistent gas shortages, particularly in the power sector.

    He noted that steady gas supply to some power plants was only possible where contracts were clear and obligations enforced, adding that strengthening regulatory oversight and enforcing the Gas Network Code would help stabilise the system and restore investor confidence.

    Mohammed also warned against neglecting domestic refining and processing capacity, cautioning that the sector could suffer the fate of Nigeria’s collapsed textile industry if local needs were ignored in favour of exports.

    The nominee pledged to revive pipeline transportation of petroleum products, attract billions of dollars in investments into gas processing infrastructure and strengthen quality assurance through in-house laboratory facilities.

    “You cannot enforce quality if you do not have the capacity to test and certify products yourself,” he said.

    Born in Gombe in 1957, Mohammed is a chemical engineering graduate of Ahmadu Bello University, Zaria, with decades of experience across the oil and gas value chain. He has served as Managing Director of the Nigerian Gas Company and Kaduna Refining and Petrochemical Company, as well as Group Executive Director and Chief Operating Officer, Gas and Power, at NNPC.

    He also played key roles in major projects including the Escravos–Lagos Pipeline Expansion and the Ajaokuta–Kaduna–Kano Gas Pipeline.

    Chairman of the Senate Committee on Petroleum Resources (Downstream), Senator Sumaila Kawu, said the screening was taking place at a critical time for the country, noting that boosting energy production and efficiency was central to economic recovery.

    He added that further engagements with the nominees would continue into January to strengthen legislative–regulatory collaboration.

    The Senate is expected to consider the committee’s report after the screening, paving the way for the confirmation of the nominees and signalling a new phase in the regulation of Nigeria’s oil and gas industry under the Tinubu administration.

  • PSC approves promotion of 775 senior police officers to new ranks

    PSC approves promotion of 775 senior police officers to new ranks

    The Police Service Commission (PSC) has approved the promotion of 775 senior officers of the Nigeria Police Force (NPF) to higher ranks following rigorous written examinations and oral interviews conducted at its Corporate Headquarters in Jabi, Abuja, on Wednesday, December 17, 2025. 

    The process was presided over by the PSC Chairman, DIG Hashimu Salihu Argungu (rtd).

    Among those elevated, AIG Mohammed Usman Gumel was promoted to the rank of Deputy Inspector-General of Police (DIG). 

    Prior to his promotion, he served as the Assistant Inspector-General of Police (AIG) in charge of the Community Policing Project (CPP) Department, Research and Planning, at the Nigeria Police Force Headquarters, Abuja.

    The Commission also elevated seven Commissioners of Police (CPs) to Assistant Inspectors-General of Police (AIGs), including: CP Ihebom Chukwuma (Force Criminal Investigation Department, Abuja), CP Maxwell Olatokunbo (K9 Unit), CP Abaniwonda Olufemi (Delta State), CP Alonyenu Francis Idu (Bayelsa State), CP Lawal B. Ayodeji (AHTU FCID Annex, Lagos), CP Agene Emmanuel (FCID, Kaduna), and CP Vungmoh S.M Kwaimo (Railway).

    Additionally, thirteen Deputy Commissioners of Police (DCPs) were promoted to the rank of Commissioners of Police. The newly promoted Commissioners are: DCP Babalola Ayodeji Johnson (NPF NCCC), DCP Ali Umar Fage (DFA, Port Authority, Lagos), DCP Cyril Uche Obiozo (Admin, Cross River Command), DCP Adepegba K. Adetoye (Admin, Edo Command), DCP Tabitha Bako (Anti-Human Trafficking, FCID), DCP Ofem Ikpi Arikpo (DCA, Bayelsa Command), DCP Edwin Ogbeghagha (Ops Zone 17, Akure), DCP Audu Garba Bosso (Operations, Borno State Command), DCP Samuel Yerima Gimba (DC “A”, Benue State), DCP Alhaji Mohammed Danladi (DC “A”, Taraba), DCP Richard Bala Gara (DFA, Nasarawa), DCP Lasisi Adekunle Titilola (X Squad FID, Lagos), and DCP John Obiuagbaka (Staff College, Joshua).

    Thirty (30) Assistant Commissioners of Police were promoted to the rank of Deputy Commissioners of Police including: ACP Muhammad Nuhu Diggi, AC Dala Kano; ACP Udu Moses Ogechi PhD, Commander 59 PMF Gombe; ACP Afolaogun Toyin, C/O 16 PMF Abeokuta; ACP Abdullahi Dahiru, S/H; ACP Hassan S. Aliyu, C/O 13 PMF;  ACP Alex O. Ebbah, AC X-Squad, FCT; ACP Ajasa Hakeem O, C/O 4 PMF, Ibadan; ACP Adedeji Adefolarin, A/CM Ilesha; ACP Agboola Abiodun M., C/O 26 PMF, Uyo; ACP Onaghise Shelley Osayande, AC ‘A” Dops FHQ; ACP Titus Ayodeji, C/O 33 PMF Ado Ekiti, ACP Garba Fakai  Umar, A/C Osogbo; and others.

    Fifty-one (51) Chief Superintendents of Police were elevated to the rank of Assistant Commissioners of Police, including: CSP Davidson Okechukwu Ndubueze, DPO Okija; CSP Muktari Bello, Delta state Command; CSP Obediah Okezie, DPO World Bank Umuahia, and others.

    According to a statement issued on Thursday by the Head, Protocol and Public Affairs, Torty Njoku Kalu, the Commission also elevated Five Hundred and Forty Two (542) Superintendents of Police to the rank of Chief Superintendent of Police, including: SP Ekere Ferdinand, Commander CTU Base 1 Abuja; SP Anthony Elijah Kwada O/C Provost IGP-STFPIB FHQ Abuja; SP Lucas Yohanna former ADC to Adamawa State  Governor; SP Ologede Babatunde, 20 PMF, Ikeja; SP Lucky Chukwusa, DCO Sango Ota Division, Ogun; SP Okunoye Akindele DPO; SP  Adeyemi Lateef, Anambra Command; SP Umeh Helen Nkechi; SP Philip Gloria; SP Ibrahim Lawan Rano, 2ic Anti Money Laundering FCT Command Abuja; SP Pauline Okafor, DCO  CPS, Onitsha; SP Chris Onubogu, AO, 64 PMF, Orlu; SP Ojimenlu Andrew Yakubu, DCO Ikpoba Hill Division, Benin; SP Bilkisu Shuaibu, FCT Command; SP Gimbia Audu; SP Ibironke Latifa Aremu; SP Hassan Muhammad Misau; and others.

    One Hundred and Nineteen (119) Deputy Superintendents of Police were promoted to Superintendents of Police. Among those promoted are: DSP Ahmed Abdulmumuni, ADC to Governor, Imo State; DSP Simon Michael, 22 PMF, Ikeja, Lagos; DSP Utuh Edward, 24 PMF; DSP Shehu Salisu, Kano State Command; DSP Chukwu Otuu Chukwu, Zone 2, Lagos; DSP Ani Kingsley, GIS FCID, Abuja; DSP Yakubu Dung, Force HQTRS; DSP Shehu S. Salisu, Kano State Command; DSP Smart Osadolor, Lagos State Command; DSP Yusuf Francis Moses, Unit Commander 44 PMF; DSP Abraham Sule ogufa O/C provost BASE 29 FHQ Abuja; and others. 

    Twelve (12) Assistant Superintendents of Police were promoted to the rank of Deputy Superintendents of Police.

    The Chairman of the Commission, DIG Hashimu Argungu (rtd), congratulated the newly promoted officers and tasked them to brace up to their new responsibilities with greater commitment to the service of the nation.

    DIG Argungu emphasized that promotion comes with higher expectations and urged beneficiaries to rededicate themselves to effective policing, protection of lives and property, and the maintenance of law and order. 

    He reiterated the Commission’s resolve to ensure regular, merit-based promotions in line with best practices.

  • Cross River governor commends FG on Bakassi Deep Seaport approval

    Cross River governor commends FG on Bakassi Deep Seaport approval

    Governor Bassey Otu of Cross River State has praised the federal government for its support of the Bakassi Deep Seaport, describing the development as a significant step toward establishing Nigeria as a hub for maritime activities.

    The Governor made the remarks on Wednesday while receiving the Certificate of Compliance from the Minister of Marine and Blue Economy, Adegboyega Oyetola, at the ministry’s headquarters in Abuja.

    The Federal Executive Council had last week approved the Bakassi Deep Seaport as one of three major transformative Public–Private Partnership (PPP) projects. 

    The port is expected to attract approximately $3.5 billion in private investment and strengthen Nigeria’s maritime infrastructure.

    Speaking at the handover ceremony, Governor Otu described the milestone as crucial, noting that Cross River State’s strategic location positions it to fully realize its maritime potential, similar to Brazil and other coastal nations with thriving maritime economies. He added that, given the country’s population growth and limited resources, projects like the deep seaport provide a valuable avenue for increased investment and job creation.

    “Today is historic and a major milestone in our march towards realising a veritable marine and blue economy through the Bakassi Deep Seaport. Nigeria, at the moment, is underperforming in the marine economy. So, Cross River State is strategically and well-positioned to harness the potential of the sector.

    “Receiving this certificate today is a big addition to creating a balance in our pursuit. I am confident that with the astute professionalism, diligence, and commitment of the ministry and private sector players, we are on track with the deep seaport,” the governor said.

    He commended President Bola Tinubu for his significant effort in establishing the Ministry of Marine and Blue Economy, and especially in the appointment of the minister. 

    In his response, Minister Oyetola lauded the vision and passion of Governor Otu over the Bakassi Deep Seaport, stressing that it aligns with the Renewed Hope Agenda of President Tinubu.

    He expressed the hope that the project will boost livelihoods and the economy of the state and country as a whole.

    He was particularly full of praise for the speed and dedication of Governor Otu to the project, noting that, though there are six other such projects ongoing, the Bakassi seaport holds the prospect of being the first to be realised.

    Oyetola said the federal government was happy to support the project and would continue to collaborate with the state government to ensure its delivery.

    The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Osedion Ewalefoh, who was full of applause for the Cross River Governor, described the project as a game-changer for Nigeria’s maritime and logistics ecosystem.

    “The Bakassi Deep Seaport will serve as a new maritime gateway for Nigeria’s North-Central and North-East regions, while also functioning as a major logistics hub for West and Central Africa.

    “It is a greenfield development designed to accommodate large vessels and integrated with an industrial cluster and a Free Trade Zone. The project will create thousands of jobs and position Nigeria as a preferred maritime destination,” he stated.

  • 10 safety tips for a joyful Christmas in Nigeria

    10 safety tips for a joyful Christmas in Nigeria

    As Christmas draws near, Nigerians are gearing up to celebrate with family and friends. Amid the excitement, it is important to prioritise safety to ensure a happy and incident-free holiday.

    Here are ten essential safety measures to keep in mind:

    1. Fire Safety: Be cautious with candles, fireworks, and electrical decorations to avoid fires. Keep a fire extinguisher handy and working.

    2. Electrical Safety: Avoid overloading sockets and keep electrical cords away from heat sources.

    3. Food Safety: Handle and store food properly to avoid food poisoning. Keep hot foods hot and cold foods cold.

    4. Home Security: Secure your home with locks and alarms to prevent break-ins. Keep valuables out of sight.

    5. Travel Safety: Avoid traveling during peak hours and take necessary precautions if you must travel. Keep your vehicle well-maintained.

    6. Child Safety: Keep children away from decorations, fragile items, and potential hazards. Supervise them at all times.

    7. Pet Safety: Keep pets away from toxic substances, electrical cords, and fragile items. Provide a safe space for them.

    8. Water Safety: Be cautious around pools, lakes, and other bodies of water. Supervise children and pets near water.

    9. Health Safety: Take care of your health and get medical attention if needed. Avoid overexertion and stay hydrated.

    10. Emergency Preparedness: Keep emergency numbers handy, such as fire, police, and ambulance services. Have a plan in place.

  • IPMAN reminds new NMDPRA boss of N190b bridging claims

    IPMAN reminds new NMDPRA boss of N190b bridging claims

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday reminded the newly appointed Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive Officer, Said Aliyu Mohammed, of the N190billion the members are owed as bridging claims.

    Speaking in a press conference in Abuja, the association’s national president, Alhaji Abubakar Maigandi, urged the new Authority boss to address the debt with urgent concern upon assumption of office.

    His words, “While congratulating the new heads of the oil & gas regulatory bodies, IPMAN would like to remind them of the long outstanding bridging claims owed our members totalling over N190 billion.”

    “We specifically call on the NMPDRA’s new leadership to immediately make this debt a cause for serious concern as he assumes his new position.”

    Maigandi stated that IPMAN has reached an agreement with the Dangote Petroleum Refinery to supply Premium Motor Spirit (PMS) – also known as petroleum to its registered members.

    He noted that there will be no gap or scarcity in petrol supply to Nigerians as its members control 80 per cent of the downstream sector.

    He also said the price of the product would soon drop when Dangote Refinery resumes free delivery of the products to its stations.

    “We are also excited about the recent agreement by the Dangote Refinery to begin the supply of PMS products directly to registered IPMAN members, and its free delivery to our filling stations anywhere and everywhere in Nigeria, which will commence in January 2026. This will certainly lead to a further decrease in the pump price of the products at our filling stations.”

    He called on all IPMAN members nationwide to prioritise patronising the Dangote Refinery in their purchase of PMS products, as they already offer the best affordable prize for all marketers today.

    “At IPMAN, we have no doubt as to the viability of the oil and gas policies being initiated by the federal government, and we have ceaselessly called and sought enhanced cooperation across all levels of governance in the oil and gas sector. Hence, our repeated persuasion to always partner with the Dangote refinery, to ensure the steady availability of PMS products.”

    On the N190 billion debt, he said the association’s position has always been to deepen domestic refining to eradicate imports of petroleum products.

    “Continuous import is not an acceptable parallel business model because issuing import licenses recklessly distorts market dynamics, drains foreign exchange, enthrone poverty, destroys jobs, and scares potential investors away.”

  • NANS hails Tunji-Ojo over easy passport processing for students in diaspora

    NANS hails Tunji-Ojo over easy passport processing for students in diaspora

    The National Association of Nigerian Students (NANS) has commended Minister of Interior, Olubunmi Tunji-Ojo, for what it described as it’s outstanding efforts in ensuring easy passport processing for Nigerian students in diaspora. 

    NANS said the gesture has brought immense relief and joy to the students who have been facing difficulties in obtaining their passports.

    A statement by NANS Senate President, Comrade Usman Adamu Nagwaza commended the Minister for his dedication and commitment towards serving Nigerians, particularly students who are the future leaders of the country. 

    According to him, the minister’s efforts will go a long way in promoting welfare and interests of Nigerian students globally.

    “As the mother student body in the country, we are made proud to say that the easy passport processing has come at a time when Nigerian students in the diaspora are facing numerous challenges, including travel restrictions, visa denials, and other logistical issues. 

    “The minister’s intervention has provided a glimmer of hope for these students, we are using this medium to call on President Bola Ahmed Tinubu to provide additional support and backup to the minister to enable him to continue his good work.

    “The association believes that with the president’s support, the minister can achieve even more in promoting the welfare of Nigerian students and citizens, and this way, other public servants will be inspired to follow suit in delivering their jobs effectively.

    “We are proud to associate with Honorable Bunmi Tunmi-Ojo and we highly salute his functionality. His dedication to serving the people and his commitment to making a positive impact on our lives has informed our confidence that the minister’s efforts will contribute to the growth and development of Nigeria. 

    “More-so, we are committed to working with the minister and the government to promote the welfare and interests of Nigerian students and citizens as we strongly believe that together, we can achieve great things and make Nigeria a better place for all.”

    He urged all Nigerian students in diaspora to take advantage of the easy passport processing to obtain their passports and pursue their academic and professional goals without any hindrance.

  • Cybercrime: Police arrest high-profile cybercrime suspects in Microsoft 365 phishing scam

    Cybercrime: Police arrest high-profile cybercrime suspects in Microsoft 365 phishing scam

    The Nigeria Police Force National Cybercrime Centre (NPF–NCCC) has apprehended high-profile internet fraud suspects linked to targeted cyberattacks on the email systems of major corporate organisations, involving phishing links and malicious software.

    The breakthrough followed credible intelligence received from Microsoft Corporation, USA, through the Federal Bureau of Investigation (FBI), revealing the use of a sophisticated phishing toolkit known as RaccoonO365. 

    The toolkit was designed to create fake Microsoft login portals to harvest user credentials and gain unlawful access to corporate, financial, and educational email platforms.

    Force Public Relations Officer, CSP Benjamin Hundeyin, who briefed reporters on Thursday in Abuja, explained that the NPF–NCCC launched a coordinated, intelligence-driven operation in collaboration with Microsoft, the FBI, and the United States Secret Service. 

    Investigations traced multiple incidents of unauthorised Microsoft 365 account access between January and September 2025 to phishing emails crafted to closely resemble legitimate Microsoft authentication pages. These attacks led to business email compromise, data breaches, and financial losses across multiple jurisdictions.

    Acting on precise intelligence, NPF–NCCC operatives carried out operations in Lagos and Edo States, resulting in the arrest of three suspects. Search operations at their residences led to the recovery of laptops, mobile devices, and other digital equipment, which forensic analysis linked directly to the fraudulent scheme.

    “Further investigations identified Okitipi Samuel, also known as “RaccoonO365” and “Moses Felix,” as the principal suspect and developer of the phishing infrastructure. 

    Investigations reveal that he operated a Telegram channel through which phishing links were sold in exchange for cryptocurrency and hosted fraudulent login portals on Cloudflare using stolen or fraudulently obtained email credentials. 

    “Notably, investigations revealed no evidence linking the two other arrested individuals to the creation or operation of the phishing scheme.

    “The Nigeria Police Force reaffirms its steadfast commitment to safeguarding Nigeria’s digital space through the deployment of advanced technology, strengthened international partnerships, and diligent investigative and prosecutorial processes aimed at effectively countering evolving cyber threats,” he added. 

  • ACCI urges FG to expand CNG, EV conversion centres, introduce subsidies

    ACCI urges FG to expand CNG, EV conversion centres, introduce subsidies

    The Abuja Chamber of Commerce and Industry (ACCI) has called on the federal government to intensify efforts in establishing and expanding Compressed Natural Gas (CNG) and electric vehicle (EV) conversion centres across Nigeria, while introducing targeted subsidies to make vehicle conversion more affordable.

    ACCI President, Emeka Obegolu, made the appeal during the 2025 End-of-Year media parley in Abuja, stressing that such measures would encourage widespread adoption of CNG, particularly among public transport operators, taxis, buses, and ride-hailing fleets.

    “The expansion will ensure that the benefits of cleaner and cheaper energy alternatives reach the commuting public. With strategic partnerships between government and the private sector, Nigeria can reduce operational costs, build technical capacity, and accelerate nationwide adoption of CNG and electric mobility,” Obegolu said. 

    He added that the transition would not only lower transportation and production costs but also help stabilize the macroeconomic environment, contributing to the government’s goal of achieving single-digit inflation.

    Looking ahead to 2026, ACCI has outlined a robust programme to strengthen the business ecosystem and accelerate economic growth within a secure and stable environment. 

    Key initiatives include the ACCI–NACCIMA Livestock Summit 2026, aimed at transforming Nigeria’s livestock sector, and a national campaign promoting green technology and energy efficiency.

    The 2026 agenda also features the National Livestock Conference and Exhibition, Renewable Energy Conference and Exhibition, Circular Economy Conference, and International Railway Conference and Exhibition, among other strategic programmes to drive sustainable development and innovation across sectors.

  • Think tank forecasts further decline in inflation figures next year

    Think tank forecasts further decline in inflation figures next year

    The Independent Media and Policy Initiative (IMPI) has attributed its successful forecast of a 14 per cent inflation by the end of the year to a painstaking analysis of President Bola Tinubu’s economic policies in the last year.

    ‎In a statement signed by its chairman, Dr Omoniyi Akinsiju, the think tank argued that while the President himself projected an ambitious 15% inflation rate in his 2025 budget speech, its analysts were convinced in September that the country would do better using a Predictive Regression (PR) analysis.

    ‎The think tank said it was optimistic that the trend will continue into next year if the administration does not waver from its policies, which are now bearing fruit after a slow start.

    The said, “When in September we initially projected a drop in inflation by the end of 2025 to 17 percent it was based on a trend analysis of the Purchasing Manager’s Index (PMI) reports issued by the Central Bank of Nigeria (CBN) since the beginning of the year in relation to the Consumer Price Index (CPI) reports of the National Bureau of Statistics (NBS)

    ‎”But we were forced to review our position downwards, barely a month later, in our policy statement 031 issued in October, when we established a stronger pattern of increased productivity and general price reduction with higher intensity beginning from August 2025.

    ‎”So with the benefit of a new set of data available to us via the Predictive Regression (PR) model of statistical analysis, we concluded that a 14 per cent inflation rate was a more realistic figure before the end of the year than the earlier projected 17 per cent.

    ‎”We were able to establish a consistent pattern of increased productivity and general price reduction with higher intensity beginning from August 2025.

    ‎”After establishing a link between an increasing Purchasing Manager’s Index with the disinflation trend in the country, our analysts at IMPI noted that ‘the trend in the relationship and movements between the PMI and inflation is further sustained by their respective October figures with the CBN Composite PMI recording 55.4 index points, a significant increase in the PMI recorded between April and September 2025. This larger margin of difference is also reflected in the country’s headline inflation rate, which declined at a much faster rate to 16.50 per cent in October 2025 from 18.02 per cent in September 2025, a decrease of 1.96 per cent.’

    ‎”To put this in context, an increase in PMI reflects a decline in inflation because a PMI hike is suggestive of a higher growth momentum in production and productivity measured across 36 sectors of the economy.

    ‎”We were therefore not surprised that the headline inflation dropped for the eighth consecutive month in November to 14.45 per cent by nearly 200 basis points on the back of stable macroeconomics.”

    ‎it added, ‎”As many have posited, a combination of monetary, fiscal, and structural policies is necessary to consolidate the gains of the trend with a view to ensuring that more Nigerians feel the effects of the ongoing Tinubu reforms.

    ‎”We are, however, optimistic that the disinflation trend will continue deep into 2026 now that the federal government has concluded plans to move the 2,000 tractors acquired from Belarus into farms across the country from January.

    ‎”It is gratifying that rather than distribute the tractors to individuals, they are to be allocated through a transformative mechanisation service-provider model designed to ensure that each tractor covers a minimum of 500 hectares of farmland, meaning that all tractors can cultivate a combined 100,000 hectares while serving millions of farmers.

    ‎”Indeed, things have changed from the high inflationary environment of 2024 as 2025 winds down.  The economy has transmuted to a vastly improved one with more Nigerians more likely to be wheeled out of poverty as a result of the ongoing disinflation in the economic space.”

  • Group raises alarm over alleged plot to derail 2027 election

    Group raises alarm over alleged plot to derail 2027 election

    A civil society organisation, Civic Action for Democracy (CAD), has raised the alarm over what it described as a grand conspiracy to derail the 2027 general election and plunge Nigeria into a constitutional crisis through the continued recognition of a deregistered political party by the Independent National Electoral Commission (INEC).

    Speaking at a press conference, the group alleged that INEC has illegally retained the Action Peoples Party (APP), which it said was lawfully deregistered in February 2020 alongside 73 other political parties for failing to meet constitutional and statutory requirements.

    According to CAD, the deregistration exercise was carried out pursuant to Sections 225 and 225A of the 1999 Constitution and Section 94 of the Electoral Act, which empower INEC to deregister political parties that fail to demonstrate electoral viability. 

    The organisation recalled that the Supreme Court, in March 2022, upheld INEC’s constitutional powers to deregister political parties, thereby affirming the legality of the 2020 exercise.

    CAD’s Executive Director, Mazi Franklin Ngoforo, accused INEC of falsely claiming that APP obtained an interim court order restraining its deregistration.

    “There was no suit filed by APP in any court of competent jurisdiction. No suit number exists. No originating summons was filed, and no restraining order was ever granted,” Ngoforo said.

    He described INEC’s claim that an interim order had restrained the Commission from deregistering APP for nearly six years as “a legal impossibility that insults the intelligence of every lawyer and informed citizen in Nigeria.”

    Ngoforo further alleged that INEC’s continued recognition of APP amounts to institutional corruption and poses a serious threat to national security and democratic stability.

    “This matter has transcended electoral administration and entered the realm of national security. The continued existence of APP as a recognised political party despite its lawful deregistration represents a clear and present danger to Nigeria’s democracy,” he said.

    The group also raised concerns over APP’s participation in the Rivers State local government elections in 2024 and an alleged councillorship win in Jigawa State later that year, which CAD described as a calculated attempt to manufacture electoral legitimacy.

    “APP was deregistered in 2020, and that deregistration was affirmed by the Supreme Court in 2022. Any subsequent participation in elections constitutes a criminal enterprise for which all participants and enablers must be held accountable,” Ngoforo stated.

    CAD warned that the alleged conspiracy could be used to destabilise the 2027 general elections through post-election litigation aimed at annulling the polls or through a coordinated boycott designed to delegitimise the electoral process.

    “The ultimate objective is to plunge Nigeria into constitutional chaos by questioning the validity of elections in which a deregistered party participated,” the group said.

    Drawing parallels with electoral crises in Kenya in 2017 and Côte d’Ivoire in 2010–2011, CAD cautioned that Nigeria, with its complex ethnic and security challenges, could ill-afford a similar crisis.

    The organisation called on INEC to immediately remove APP from its register of political parties and publicly disclose any court order it relied upon in exempting the party from deregistration.

    It also urged the Office of the National Security Adviser, the Department of State Services, the Economic and Financial Crimes Commission, and the Nigerian Police Force to investigate the matter, while calling on the National Assembly to summon INEC officials to account for the alleged irregularity.