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Fuel Subsidy Removal: FG To Release Palliatives Soon – Minister

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By Juliana MAIRIGA, Minna
Minister of state in the Ministry of Solid Minerals, Alhaji Abubakar Bawa Bwari has said that the Federal Government would soon release the palliatives that would cushion the effect of the recent increase in the pump price of petrol.
Bawa Bwari who made this known in Minna Niger state recently while speaking at the opening of the 14th Niger state National Trade Fair also disclosed that other palliatives in the 2016 budget would also be speedily implemented by the government in the interest of Nigerians.
According to the Minister, part of the palliatives would be the ‘freeing up’ of foreign exchange for use in the provision of critical infrastructure by investors.
He said the federal government was aware of the sacrifices being made by Nigerians and would continue to ensure that whatever money is saved from recent policies is used to strengthen the economy’.
“I want to assure you that government fully appreciates the sacrifices Nigerians are making and will continue to ensure that whatever money is saved from recent policies is used to strengthen the economy and provide job opportunities for our teeming youth”, he said.
Bawa Bwari however advised state governments to look inwards and exploit resources at their disposal to improve their internally generated revenue to augment the resources from the federation account.
He suggested that the trade fair should go beyond exhibition of goods and services adding that it should move to the critical stage of exporting commodities and “helping owners of raw materials to enter into partnership with leading industrialists who need these products.”
Governor Abubakar Sani Bello in an address to declare open the Fair disclosed that the state would provide the needed investment climate for investors to establish their companies and factories in the state.
Sani Bello who said the state “is the most peaceful in the country” advised investors to take full advantage of the opportunity to do business in the state.
Dr Ahmed Mohammed Bakaai, President of the Niger state Chambers of Commerce Industries, Mines and Agriculture organizers of the trade fair commended the Niger state government for creating a favourable climate for investors to operate in the state.
In another development, the Independent Petroleum Marketers Association of Nigeria (IPMAN) in Niger state have warned its members to desist from selling above N145 approved pump price and desist from sharp practices.
The association declared that it will no longer be business as usual as any member found selling above the approved pump price of N145 will be dealt with.
The Niger state IPMAN Chairman, Alhaji Adamu Ahmad Erena while speaking to newsmen in Minna said that IPMAN have decided to support the government who have done its best in deregulating the oil sector.
Erena said the association will not back or defend any erring members caught selling above the approved pump price, “we are appealing to all independent marketers to cease selling above government approved price because the union will not back you if you are dealt with by relevant authorities.”
He said that IPMAN will start going round with the task force to ensure that the regulations are observed.
Erena lauded the Federal Government for the removal of fuel subsidy adding that it have given independent marketers to be able to get the product on their own which have aided in reducing queues in the country.
“Independent marketers are ready to give the products at government approved price. With the partial deregulation, government has ensured that private sectors sell at the approved price, this is good for us”, the association said.
The IPMAN Boss said that filling stations in the state have been asked to sell at N145 or below but our Correspondent discovered that some are selling above N145 while others have adjusted their pump while selling at N145

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Dangote Refinery Boosts Fuel Exports as Gulf Refineries Shut Down

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By: Fabian Apechihin

The Dangote Petroleum Refinery has ramped up fuel exports to international markets amid widespread refinery shutdowns in the Middle East, industry sources confirmed.

A senior official at the $20bn Lagos-based plant told The PUNCH that the facility exported significant volumes of petrol (PMS), diesel (AGO), and aviation fuel (Jet A1) to foreign buyers in August, following earlier shipments in June and July.

The surge comes as Saudi Aramco and other regional producers face heavy maintenance schedules, tightening fuel supply. Aramco has already shut down two plants and plans further closures, including its 460,000 b/d Satorp refinery in Jubail for a 60-day turnaround in November–December. Kuwait and India are also scaling back capacity for maintenance and seasonal demand.

According to Argus Media, these shutdowns are pushing Gulf nations to import record volumes of gasoline, with Saudi Arabia and the UAE sharply increasing purchases from Europe and other markets in recent months.

While some reports pointed to operational constraints at Dangote’s 650,000 b/d facility, the company dismissed such claims, insisting production is on track to reach 700,000 b/d by December. Earlier this year, Aliko Dangote announced the refinery had sold two cargoes of jet fuel to Saudi Aramco and recently achieved exports of about 1 million tonnes of petrol between June and July.

“With Gulf refiners offline, Nigeria has now emerged as a net exporter of refined products,” Dangote said.

Analysts suggest the extended refinery outages in the Middle East will further strengthen demand for Dangote’s output, positioning the Nigerian plant as a key supplier in regional fuel markets.


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US Oil Exports to Nigeria, Others Fall to 3.3m bpd as Local Output Rises

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By: Fabian Apechihin

The United States’ crude oil exports to Nigeria and other African countries fell for the fifth consecutive month in July 2025, averaging 3.3 million barrels per day (bpd), the lowest level since March 2022.

The Organisation of Petroleum Exporting Countries (OPEC) disclosed this in its August 2025 Monthly Oil Market Report (MOMR), attributing the decline to weaker flows to Europe and Africa, particularly Nigeria, but without giving further details.

Industry analysts link the slowdown to the ramp-up of local refining capacity, especially the 650,000 bpd Dangote Refinery, which has reduced Nigeria’s reliance on imported crude, including from the US. Vanguard checks also show that crude importation has slowed further in recent months due to improved domestic production.

According to OPEC data, Nigeria’s crude oil output—excluding condensates—rose by 11 per cent year-on-year to 1.559 million bpd in July 2025, up from 1.386 million bpd in the same period of 2024. This marks the country’s highest monthly production level so far this year.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) corroborated the figures, stating that overall output, including condensates, exceeded 1.8 million bpd in July.

Gbenga Komolafe, Chief Executive of the NUPRC, said the milestone was achieved through the agency’s “Project 1 MMBOPD Incremental” initiative, supported by a multi-stakeholder collaborative framework.

“We are glad to report that we crossed the 1.8 million bpd mark on peak production last month, with average production hovering at 1.78 million bpd,” Komolafe stated.

He added that the Commission is working to sustain production growth by optimising the Maximum Efficient Rate (MER) framework, improving produced water management, and aligning operational shutdowns and maintenance schedules to minimise disruptions.

“With these measures and continued collaboration, the presidential mandate on production increase is well within reach,” he said.


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NDYPC Hails Otuaro’s Reforms in Presidential Amnesty Programme

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• Lauds transparency, fairness in beneficiary selection and grassroots empowerment

• Says reforms align with Tinubu’s Renewed Hope Agenda, restore trust in Niger Delta

The Niger Delta Youths for Positive Change (NDYPC) has commended the Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, for what it described as bold, people-focused reforms that are restoring trust and delivering tangible benefits to the Niger Delta.

In a statement signed and issued by Comrade Elliott Yibakeni, after the conclusion of leadership training sessions with ex-agitator leaders in Abuja, the group said the PAP, once in urgent need of renewal, is now undergoing a transformation that reflects transparency, fairness, and accountability.

“At a time when public trust in institutions was waning, Dr. Otuaro has emerged as a symbol of credibility and transformation,” the statement read. “His visionary leadership is restoring integrity, empowering communities, and driving a sustainable development agenda that resonates with the aspirations of the Niger Delta.”

According to NDYPC, under Otuaro’s leadership, beneficiary selection has become fair and merit-based, ending years of favoritism and political interference. The group added that access to education, skills training, and empowerment opportunities, both locally and abroad, is now guided by equity and open competition.

The group highlighted several internal reforms, including improved staff welfare, strengthened professional capacity, and strict adherence to best practices in public procurement. These, it said, have made the PAP more efficient, responsive, and transparent.

NDYPC also praised Otuaro’s inclusive governance style, noting his sustained engagement with traditional rulers, women leaders, civil society organizations, and local communities. This approach, the group said, has strengthened peace-building efforts and deepened trust between the PAP and the people it serves.

In line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the PAP has maintained consistent payment of stipends to ex-agitators and extended direct support to vulnerable populations. NDYPC also applauded new healthcare interventions for ex-agitators facing health challenges.

The statement further commended the programme’s investments in scholarships, vocational training, and economic empowerment initiatives aimed at preparing Niger Delta youths for leadership, innovation, and sustainable livelihoods.

“Every decision reflects a deep commitment to public trust, responsible stewardship, and long-term development,” NDYPC stated. “Under Dr. Otuaro’s watch, the Niger Delta is rising stronger, united, and filled with renewed hope.”

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