General News
Provide fiscal, legal implications of your proposed fuel subsidy policy, FG replies Atiku
Nkem Okereh
The Presidency in a swift response to Atiku’s subsidy policy proposal asked the ADC presidential candidate to present Nigerians with the full fiscal and legal implications of his proposal to restore fuel subsidy.
Dissecting Atiku’s economic plans should he be elected as President by January next year, the Presidency said his proposal depicts political desperation.
The Federal Government in a statement yesterday by Bayo Onanuga, Special Adviser to the President (Information and Strategy), faulted Atiku for to announce a more creative and ingenious alternative to the programme being executed by the Tinubu administration.
“Atiku Abubakar behaved like a man from an archaic past who least comprehends the present economic dynamics and suggested that he would restore the much-abused, wasteful, pillaged, corruption-ridden fuel subsidy regime, which the Petroleum Industry Act made illegal from the end of June, 2023.
“Even though he used to believe that the subsidy regime must be eliminated, a point he canvassed in the run-up to his defeat in the 2023 election, he has now opportunistically recanted the major plank of his economic doctrine and turned a renegade.
“It is not difficult to explain why Atiku has latched onto the abandoned subsidy regime, five months to the election. Desperate for power, he needed to make a promise that he knew, if he were candid with our people, does not make fiscal sense, is retrogressive, and is against the genuine interest of the people.
“But before his suggestion hoodwinks the people, we must quickly subject the promise to a serious examination, especially in the context of Nigeria’s present economic and petroleum realities,” said the Presidency.
Atiku was told that Nigerians deserve to understand what the proposed restoration of subsidy would actually mean, how it would be funded, and whether it is compatible with the legal and structural changes that have taken place in the petroleum sector.
Clearing what it termed as ambiguities about the so-called subsidy, the Presidency said “It is not some money sitting in the treasury to be disbursed to offer cheap fuel to Nigerians. It is the massive discount the NNPC offered the Nigerian government: selling fuel it bought at N100 at N50 at the pump, leading to under-recovery of costs and massive losses.
“Somewhere in the NNPC books are still trillions of Naira in subsidy costs that the Nigerian government has not paid. Contrary to Atiku’s claim in his interview, no N30 trillion subsidy windfall or savings exists anywhere except in his imagination.
“The petrol subsidy regime that Nigerians knew before May 2023 was dismantled as part of the country’s petroleum-sector reforms. The Petroleum Industry Act established a new framework for the downstream petroleum market. It removed the subsidy, as was previously done for diesel, kerosene and aviation fuel, ending a system that had placed a substantial and often unpredictable burden on public finances.
“The PIA scheduled the subsidy removal by the end of June 2023. President Tinubu only accelerated it by weeks to stop further bleeding before the due date.
“Restoring the old arrangement therefore cannot simply be presented as a matter of announcing that government will once again pay part of the cost of petrol. It would require a clear legal, fiscal and administrative framework, including identifying the source of the funds and determining how such a policy would be implemented under the present petroleum-market structure.
“More importantly, Nigeria’s petroleum landscape has changed significantly since May 2023. For many years, the country relied heavily on imported petrol, with the government bearing the consequences of the gap between the regulated pump price and the cost of supplying the product.
“Today, the emergence of substantial domestic refining capacity has fundamentally altered that equation. The Dangote Refinery has become a major source of locally refined petrol. Indeed, the Dangote Refinery would not have kick-started production for local consumption were the subsidy regime operative. This is an important point that Atiku deceptively ignored.”
The government further said that Atiku’s proposal portends a reversal of current local production, and it will spell bankruptcy for smaller local refineries like Aradel’s, causing attendant job losses and a loss of foreign exchange.
Reeling out the gains of subsidy removal by the Tinubu administration, the Presidency said “the sector is now market-driven, Nigeria now exports refined products to Europe, Asia, and the United States, restoring national pride. This development is a sharp contrast to when Obasanjo and Atiku were in power: Nigeria’s largest import, costing about $10 billion, was refined products!. President Tinubu has flipped that to Nigeria’s advantage.
“The N15 trillion that would have been borrowed and spent on selling discounted petrol has now significantly gone into the coffers of the three tiers of government. Now all states are fiscally stable and can pay salaries regularly and embark on infrastructure projects. In July, the three tiers shared about N3 trillion, a record, from the federation account. That is a major achievement, since the abolition of petrol price discount and distortions in the foreign exchange regime.
“Nigeria is increasingly moving from a model in which scarce foreign exchange is used to import refined petrol to one in which crude oil, largely sold in Naira, can be processed domestically and supplied to the Nigerian market. That transition creates opportunities for greater energy security, foreign-exchange conservation, industrial development and ultimately a boost to employment generation.”
It added that the subsidy debate must therefore be grounded in the realities of today’s market rather than treated as though Nigeria’s petroleum sector has remained unchanged.
General News
Tinubu orders NAF to probe Ondo military Air Force crash

By Our Reporter
President Bola Ahmed Tinubu has directed the Nigerian Air Force, NAF, to immediately investigate the cause of the military aircraft crash in the Igbokoda area of Ondo State.
Recall that a total of 32 people were killed after a Nigerian Air Force helicopter crashed in Igbokoda, the headquarters of Ilaje Local Government Area of Ondo State.
The aircraft was reportedly on a routine mission from Benin to Lagos when it crashed in the Igbokoda area.
The President’s directive was contained in a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, on Monday.
Tinubu extended his deepest condolences to the families of the 25 passengers and seven crew members involved in the crash, as well as the Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, and officers, airmen and airwomen of the Nigerian Air Force.
“This is a painful moment for our Armed Forces and for the entire nation. Our Air Force personnel put their lives on the line every day to secure Nigeria. Their sacrifice will never be forgotten,” Tinubu said.
“The Chief of Air Staff has briefed me, and I have directed the Nigerian Air Force to immediately commence a thorough investigation into the cause of the crash to prevent future occurrences.
“I commend the Nigerian Air Force for activating an immediate search and rescue operation following the accident.
“I pray for the repose of the souls of the gallant officers and for Almighty God to grant their families and the Nigerian Air Force the fortitude to bear the unfortunate loss.”
The President also commended the swift response of first responders and the Ondo State Government at the crash site.
“I also commend the swift response of first responders and the Ondo State Government at the crash site,” Tinubu said.
General News
Over 103m Nigerians now on voter register, says INEC

By Our Reporter
The Independent National Electoral Commission (INEC) says more than 103 million Nigerians are now on the national register of voters ahead of the 2027 elections.
INEC Chairman, Prof. Joash Amupitan, announced this on Monday at a strategic workshop for media executives in Abuja.
The workshop, themed ‘Strengthening democracy through partnership among editors, civil society and electoral institutions’, was organised by INEC in collaboration with Development Alternatives Incorporated (DAI) and the Nigerian Guild of Editors (NGE).
Amupitan said the commission’s three-phase continuous voter registration (CVR) exercise attracted more than 10.6 million new applicants.
He said the public display of the preliminary register of voters for claims and objections had been completed, while the final automated biometric identification system (ABIS) cleanup of the register had also been concluded.
The INEC chairman said the commission would commence nationwide collection of permanent voter cards (PVCs) on October 9.
He urged eligible citizens who participated in the registration exercise to collect their cards and ensure they are ready to participate in the 2027 elections.
Amupitan said INEC was also committed to continuously improving the bimodal voter accreditation system (BVAS) and the INEC Result Viewing Portal (IReV) to strengthen the credibility and transparency of elections.
“The ultimate arbiter of electoral integrity is public trust,” he said.
He called for stronger collaboration among INEC, media organisations, civil society groups and other stakeholders ahead of the 2027 elections.
Amupitan said the commission was prepared to listen to editorial concerns, address operational challenges and provide timely information to prevent misinformation from filling communication gaps.
He said INEC would provide editors with direct access to verify field incidents, logistical developments and security reports in real time.
The chairman also proposed a sustained editorial feedback mechanism between INEC and the NGE to review the commission’s operational progress and address emerging challenges throughout the 2027 election cycle.
Amupitan said stronger engagement with the media would help ensure that accurate information reaches voters, particularly during periods when electoral activities generate heightened public interest.
Rudolf Elbling, team leader at DAI, said credible elections depended not only on effective electoral administration but also on professional, ethical and fact-based journalism.
Elbling identified electoral integrity, election technology, the security of journalists and voters, and information disorder as some of the major challenges confronting the media ahead of the 2027 elections.
He said journalists had an important role to play in providing voters with accurate information and holding electoral institutions and other stakeholders accountable.
The workshop brought together electoral officials, editors, civil society representatives and other stakeholders to strengthen cooperation and improve public communication ahead of the 2027 elections.
General News
FCCPC to regulate AI marketing, defaulters face N10m to 100m penalty
By Sam Otuonye
The Federal Competition and Consumer Protection Commission (FCCPC) has proposed new rules that would subject businesses using artificial intelligence, machine learning and automated technologies for marketing to additional regulatory requirements with tougher penalties.
Under the draft Sales Promotion Regulations, 2026, businesses using AI for sales promotions, marketing communications or consumer engagement directed at or accessible to Nigerian consumers would be required to register with the Commission.
The proposed framework also introduced tough financial penalties for breaches, with corporate entities facing fines of up to N100 million or 1% of their previous year’s turnover, whichever is greater.
The draft creates a dedicated framework for what it describes as “Artificial Intelligence and Automated Marketing”, reflecting the growing use of AI tools in advertising, customer engagement and digital promotions.
Under the proposal, businesses that deploy, operate or use AI, machine learning systems or automated technologies for promotions, marketing communications or consumer engagement would have to register the use with the FCCPC.
The draft further proposes that AI-generated or automated marketing content must be clearly identifiable as such. It also specifically addressed emerging marketing tools including AI chatbots, virtual influencers and automated messaging systems.
The proposed rules stated that their use in marketing must be transparent and must not involve manipulation, misinformation or exploitation of consumer data or behavioural tendencies. Businesses would also be required to allow consumers to opt out of automated or AI driven marketing communications.
Beyond the AI provisions, the draft proposed a major increase in the financial consequences for businesses that breach the proposed Sales Promotion Regulations.
According to the proposed regulation, a natural person who contravenes the regulations could face a fine of up to N50 million.
For a corporate entity, the proposed penalty is up to N100 million or 1% of the company’s previous year’s turnover, whichever is greater.
“A body corporate, shall be liable to an administrative penalty not exceeding NGN100,000,000.00 (One Hundred Million Naira) or 1% of its turnover in the previous year, whichever is greater.
“Each director of an undertaking referred to in Regulations 61.2(b) is liable to be proceeded against as specified under Regulations 61.2(a). Such sanction may include disqualification as a director for a period not exceeding five (5) years,” the FCCPC stated in the draft regulation.
The draft also proposed additional penalties of up to N10 million for specific breaches, including failure to award a promised prize or failure to comply with the terms of a promotion. A person who makes a false statement in an application or undertaking could also face a penalty of up to N10 million under the proposal.
Under the draft, an undertaking using AI generated content or automated promotional systems would be responsible and accountable for representations, messages and claims produced or communicated by those systems.
The rules would also impose liability where an AI system or automated tool produces misleading, discriminatory or harmful promotional outcomes.
The proposed rules state that their use in marketing must be transparent and must not involve manipulation, misinformation or exploitation of consumer data or behavioural tendencies.
Businesses would also be required to allow consumers to opt out of automated or AI driven marketing communications.
Beyond the AI provisions, the draft proposes a major increase in the financial consequences for businesses that breach the proposed Sales Promotion Regulations.
According to the proposed regulation, a natural person who contravenes the regulations could face a fine of up to N50 million.
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