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Atiku to Nigerians: In these difficult times, your Ballot a Powerful Instrument to decide if Life is affordable again

Former Vice-President Atiku Abubakar has described the 2027 general elections as a rescue mission for Nigerians, urging voters to support the African Democratic Congress (ADC).

Atiku, the presidential candidate of the ADC, made the call during the inauguration of the party’s presidential campaign Council (ADC-PCC) on Friday in Abuja.

He said the election was a rescue mission, urging Nigerians to participate by voting for candidates capable of improving their welfare and making life affordable again.

“As members of this esteemed Campaign Council, we must make this choice clear to Nigerians: the Jan. 16 election is about their welfare and the future of their families.

”This election is a rescue mission, and every Nigerian with a PVC has a part to play. Let us urge them to dust off their PVCs and use them.

”In these difficult times, the ballot is more than a card; it is a powerful instrument for deciding whether life becomes affordable again,” he said.

Atiku called on the campaign council members to take the message to communities nationwide, mobilising Nigerians to vote for recovery and improved living conditions.

He said electoral transparency was essential to democracy, stressing that policies and security plans would achieve little if citizens’ votes were stolen during elections.

Atiku said Nigerians must trust that votes cast would be accurately counted, adding that democracy depended on respecting citizens’ sovereignty and protecting their electoral choices.

He said accredited party agents, civil society organisations and observers should be allowed to verify results independently, noting that such activities would complement INEC’s responsibilities.

“Let me state clearly: transparency is not a crime. Accredited party agents, civil society organisations and observers have the right to independently verify results and operate situation rooms.

”They do not replace INEC; they help confirm that the national outcome reflects what was recorded at each polling unit.

“Technology must serve the people, not hide the process: election systems must be open to scrutiny and independent audit,” he added.

The former vice-president called for severe penalties for vote suppression, result manipulation and electoral fraud, describing such safeguards as necessary measures for protecting the people’s mandate.

Atiku condemned attempts to prevent opposition candidates from campaigning in Benue, insisting that no community should become inaccessible to opposition political parties.

He pledged that ADC candidates would campaign across all states, from coastal communities to northern regions, and resist unlawful attempts to restrict their political activities.

On petroleum policy, Atiku advocated support for products refined locally and sold domestically, proposing budgetary allocations, spending caps and independent audits to ensure accountability.

“Fuel is only one part of the damage. We must make food affordable, restore reliable power, put people to work and let businesses grow. We must secure the roads and farms.

“We must remove the obstacles that hold back young Nigerians with the talent to compete anywhere in the world. A speech about growth means nothing to a family that cannot afford dinner,” he stated.

Atiku said the inauguration of the ADC-PCC marked an important moment, describing members as patriots and veterans of Nigeria’s democratic journey.

He urged council members to approach their assignments with seriousness, urgency and commitment, saying the political moment required sustained efforts to achieve the party’s objectives.

Credit NAN: Texts excluding Headline

Atiku to Nigerians: In these difficult times, your Ballot a Powerful Instrument to decide if Life is affordable again
Politics
10-Oct-2026

Tinubu, Subsidy is it! Not an Act of Presidential Generosity...

President Bola Tinubu, subsidy is subsidy. Your administration says NNPC Retail will give up its profit margin on petrol sales to help ease the hardship Nigerians are facing. It has also suggested ways to keep petrol prices stable, like setting a maximum of ₦1,350 per litre for landing or ex-gantry costs. Still, the government claims these steps are not subsidies. I find it puzzling that the administration admits Nigerians need relief but seems uneasy about calling it what it is.

On September 26, I wrote an article called Nigeria Is Not a Subsidy-Free Economy. I explained that ending the usual petrol subsidy did not mean all subsidies or public support were gone in Nigeria. The latest news supports this point, but it also brings up a bigger question about who owns public resources and how the government relates to the people. Whose money is NNPC giving up, and who should benefit from that sacrifice?

The Nigerian National Petroleum Company Limited is owned by Nigerians through the Federation. According to Section 53(3) of the Petroleum Industry Act 2021, the Ministry of Finance Incorporated and the Ministry of Petroleum Incorporated hold its shares for the Federation. President Tinubu does not own NNPC, and his administration does not have a personal claim to its earnings. The company is a public asset, and its business should benefit the people it belongs to.

If NNPC gives up some of its earnings to lower petrol prices for Nigerians, it is not an act of presidential generosity. It is simply using the people's resources to help the people. The profit NNPC gives up could have stayed with the company, but giving that value back to Nigerians through lower prices is a fair way to show public ownership. So, the government is not doing Nigerians a favour; it is letting the real owners benefit from what is theirs. This leads me to a principle from tort law that helps explain my point.

The make-whole principle in tort law aims to return an injured person as closely as possible to their original position through compensation. I use this idea as an analogy for public economic responsibility, not to suggest any legal wrongdoing. When economic changes and policies put a heavy burden on households, steps that help restore some of their lost buying power should be seen as efforts to make things right, not as acts of government kindness.

When we look at the relationship between Nigerians and their publicly owned oil company, it is clear that the people are not outsiders asking a private company for help. They are the main beneficiaries of a business that runs on national resources and public ownership. When the company gives up some earnings to help ease people's financial struggles, it is trying to balance the value of those resources with the well-being of the people who own them.

Commercial profitability is important, but it should not become an end detached from public welfare. A national oil company that temporarily sacrifices part of its earnings to support its owners pursues a public purpose, not an extraordinary act of kindness. Reading Murray N. Rothbard's Economic Depressions: Their Cause and Cure, originally published in 1969, makes the government's insistence on terminology particularly interesting.

Rothbard, an American economist from the Austrian School, criticized how people often try to make tough economic realities sound better by changing the words used. He pointed out that terms like depression were replaced with recession, slowdown, and other softer words. He noticed that changing the language could change how people see things, even if the real situation stays the same.

Calling what NNPC is doing a discount, a temporary margin waiver, or price smoothing does not change who owns the resources being used. The words do not change the real benefit Nigerians get when their public company accepts lower earnings to help them. When judging public policy, what matters most is the substance, not the label. The government's view also misses an important point in public finance.

What the government decides not to collect can be just as important as what it spends. Tax breaks, special financing, and giving up earnings can all pass economic value to those meant to benefit, even if it does not show up as spending in the budget. When public resources are used to ease hardship, the impact should not be ignored just because the government calls it something else.

President Tinubu, I understand wanting to avoid returning to the old, flawed petrol subsidy system and its financial and management problems. But this should not stop the government from seeing the real value of using public resources to help households. Nigerians have faced repeated rises in transport costs, food prices, and other basic needs. Temporary help from their own national oil company should be seen as part of this bigger economic picture, not as a special favour from the presidency.

The real test of this intervention is how much it restores people's purchasing power, how many households benefit, and whether the relief reaches transport operators and their passengers. Nigerians deserve to know the value of the profit given up and if transport fares will drop as petrol prices fall. They should also know what will happen after the first 30 days. True accountability means explaining the benefits and costs, not just saying the policy is not a subsidy. My main point stays the same.

Nigeria is not free of subsidies, and there is nothing wrong with using public resources to ease economic hardship. The government manages national wealth for the people, not for itself, and Nigerians are the ones who should benefit. When their own company gives up earnings to lower their financial burden, it is returning value to the people who gave it its public role.

President Tinubu, subsidy is subsidy. More importantly, Nigerians are not getting a favour from their government. They are simply receiving value from what already belongs to them. In tort law terms, the government is trying to make them whole.

Abidemi Adebamiwa is a public policy scholar and Managing Editor of Newspot Nigeria

Tinubu, Subsidy is it! Not an Act of Presidential Generosity...
Back Page
10-Oct-2026

Can Nigeria cut Petrol Imports without creating a Single-Supplier Risk?

The latest import permits and court ruling expose a central challenge in Nigeria’s fuel market: how to support domestic refining while keeping supply secure, competition credible and consumers protected.

Nigeria’s petrol debate is often framed as a choice between local refining and imports. That is too simple. Heavy reliance on imports exposes the country to foreign exchange pressure, shipping disruptions and international price shocks. Heavy reliance on one refinery creates a different vulnerability: an outage, crude-supply constraint or distribution problem could affect a large share of the market.

The policy question is not whether Nigeria should support domestic refining. It should. The question is how to reduce imports without making national supply depend on a single source.

In a separate case, decided five days later, a Federal High Court in Abuja ordered NMDPRA to continue granting import licences to Matrix Energy, AA Rano and AYM Shafa, provided they meet the relevant statutory and regulatory requirements. The court held that the regulator’s refusal to issue licences to those companies was inconsistent with its obligations under the Petroleum Industry Act (PIA), including its duty to promote competition. This was not a blanket licence for every importer. (Reuters⁠; Premium Times⁠)
At publication on 5 October, Dangote Refinery’s separate challenge to the continued issuance of import licences was scheduled for hearing on 7 October. The hearing may clarify the legal dispute, but the wider policy question remains: how can Nigeria reduce imports without making domestic supply depend too heavily on one refinery? (Premium Times⁠)
Section 317 of the PIA provides for imports when local refineries cannot meet domestic demand and sets out which companies may be considered for licences. The design supports domestic refining while preserving a route to imported supply when there is a shortfall. The law does not require Nigeria to choose between local refining and a competitive market. (Petroleum Industry Act, 2021⁠)
The market data show why that balance matters. In August, petrol receipts averaged 50.5 million litres per day: 35.9 million litres from domestic sources and 14.6 million from imports. In July, domestic receipts were lower, at 25.8 million litres per day, while imports averaged 19.7 million. The supply mix can shift quickly. In August, Dangote Refinery supplied about 35.87 million litres per day to the domestic market, roughly 71 per cent of total petrol receipts that month. That is a major contribution, but it also shows how concentrated domestic supply was in one refinery. (TheCable, reporting NMDPRA’s August factsheet⁠; Punch⁠)
The same August data report consumption of 41.5 million litresper day, measured by volumes trucked into the domestic market, and stock sufficiency of 22.9 days. Those figures provide context for reported receipts of 50.5 million litres per day. But they describe August, not expected demand, stock levels or supply risks in the fourth quarter. They cannot, by themselves, confirm or disprove NMDPRA’s stated reason for approving Q4 permits. (TheCable⁠)
The August figures also show Dangote exporting an average of 9.73 million litres of petrol per day and ending the month with 360.4 million litres in stock, while Nigeria imported petrol. That coexistence does not prove imports were unnecessary. Timing, inventory, distribution, product requirements and commercial arrangements may all matter. The reported data do not establish which factors explain the pattern, so it is a question to examine, not evidence of misconduct or a settled case against imports. (TheCable⁠)
The importers’ case also has a serious supply-security argument. In its court filing, NNPC warned that restricting imports could expose Nigeria to supply disruptions and price instability. It also argued that Dangote had not provided independently verifiable evidence that the refinery could reliably meet the country’s total fuel demand. That is NNPC’s position in litigation, not an established finding. Still, it points to a real distinction: refinery capacity is not the same as dependable nationwide delivery. (Reuters⁠)

Imports are not a cure-all. They expose the market to foreign exchange costs, international product prices, freight and port logistics. Import permits alone do not guarantee lower pump prices. But removing import options when local supply is insufficient could reduce competitive pressure and leave consumers with fewer alternatives.

The practical test is whether the permit decision fits the supply outlook for the period it covers. That means considering expected demand, refinery deliveries, stocks, planned maintenance, imports already in transit, regional availability and product quality. Approved volumes should also be distinguished from volumes actually landed. The August figures matter, but they should not be mistaken for a complete forecast of the fourth quarter.

Competition requires similar care. A competitive market is not simply one with many import licences. It needs clear eligibility rules, credible quality enforcement and safeguards against any operator using market power to disadvantage rivals or consumers. The Abuja court’s emphasis on the regulator’s duty to promote competition under the PIA and the Federal Competition and Consumer Protection Act is relevant. Domestic refining should expand without qualified competitors being shut out through arbitrary decisions. (Premium Times’ report on the ruling)⁠

If domestic refining is to replace imports sustainably, it needs reliable crude supply, predictable access to logistics and the ability to compete on price and product quality. If importers remain part of the supply system, their licences should operate under rules that support security of supply rather than avoidable dependence on foreign products. Neither side should be protected from competition at the consumer’s expense.

Nigeria can reduce petrol imports. The August data show that local supply can lead the market, but also that Dangote alone supplied about 71 per cent of total petrol receipts that month. Import reduction should be a result of reliable domestic output, not an end in itself. The goal is not to replace dependence on foreign suppliers with dependence on one domestic supplier. It is to build a market where local refineries lead, imports cover demonstrable gaps and clear rules protect consumers from both shortages and excessive concentration.

That is the balance the PIA requires. Whether the Q4 permits strike it will be judged by what happens to supply, stocks, competition and prices through the end of the year.

Sola Adebawo is an energy industry executive, strategic adviser and thought leader with 30 years of experience in the oil and gas industry, including senior leadership roles across Africa’s upstream petroleum sector. He is the Chief Executive Officer of Hyphen Partners Limited, a specialist advisory firm focused on policy and regulatory intelligence, market entry, stakeholder strategy, and executive and institutional positioning in complex, highly regulated industries. A former executive at Chevron and Heritage Energy, he is an author, scholar and ordained minister. His writing explores energy policy, political economy, corporate governance, strategic communication, leadership, the relationship between institutions and public life, and the forces shaping Africa’s development.

Can Nigeria cut Petrol Imports without creating a Single-Supplier Risk?
Back Page
10-Oct-2026

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