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Obasanjo Condemns Fuel Subsidy Removal, States Why Importers Will Frustrate Dangote

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Former President Olusegun Obasanjo has said that those benefiting from the lucrative business of fuel importation are going to make efforts to frustrate the Dangote Petroleum Refinery.

Obasanjo stated this in the wake of allegations by the President of the Dangote Group, Alhaji Aliko Dangote, that some ‘mafias’ were making efforts to frustrate the $20bn refinery.

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This came as it was gathered on Monday that the multi-billion dollar refinery and other domestic refineries had yet to purchase crude oil in naira based on the directive of President Bola Tinubu to the Nigerian National Petroleum Company Limited.

In an interview with Financial Times, the former President described the Dangote refinery as something that should encourage both Nigerians and non-Nigerians.

“Aliko’s investment in a refinery, if it goes well, should encourage both Nigerians and non-Nigerians to invest in Nigeria.

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READ ALSO: Fuel Subsidy Back In Nigeria – Obasanjo

“If those who are selling or supplying refined products for Nigeria feel that they will lose the lucrative opportunity, they will also make every effort to get him frustrated,” Obasanjo stated.

Officials of the Dangote Group recently cried out that international oil companies were frustrating the refinery by refusing to sell crude or by selling to them at a premium up to $4 above the normal price.

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They also accused the Nigerian Midstream and Downstream Regulatory Authority of deliberately granting licences to individuals to import dirty fuel.

The regulator denied this, saying Dangote diesel was inferior when compared to the imported ones.

The NMDPRA Chief Executive, Farouk Ahmed, also stated that the country would not stop fuel importation to avoid a monopoly by the Dangote Group.

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READ ALSO: US Judge Declares Google Search Dominance Unlawful

Obasanjo, speaking further, disclosed that Nigeria made a deadly mistake by putting all its eggs in what he called one basket of oil, ignoring gas and agriculture.

“I believe we made a very, very deadly mistake. We put all our eggs in one basket of oil. We even ignored gas. We were flaring gas, which is a very important commodity

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“We ignored agriculture, which should have been the centrepiece of our economic development,” Obasanjo stated.

He recalled how he persuaded Shell to run the country’s refineries but the International Oil Company refused, saying there was too much corruption in the sector.

“When I was President, I invited Shell and I said, look, come and take equity participation and run our refineries for us. They refused. They said our refineries have not been well maintained.

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“We have brought amateurs rather than bringing professionals. They said there’s too much corruption with the way our refinery is run and maintained. And they didn’t want to get involved in such a mess,” he explained.

READ ALSO: Tinubu’s Speech Did Not Address Protesters’ Demands, Says Falana

On the promises that the refineries will be fixed, he asked, “How many times have they told us that? And at what price?

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Those problems, as far as the government refineries are concerned, have never gone away. They have even increased. So if you have a problem like that and that problem is not removed then you aren’t going anywhere.”

The former President also condemned the style adopted by President Bola Tinubu to remove fuel subsidies, stating that the present administration should have first considered the hardship the subsidy removal could cause people and how to ameliorate the same.

“There’s a lot of work that needs to be done. Not just wake up one morning and say you removed the subsidy. Because of inflation, the subsidy that we have removed is not gone. It has come back,” the former President stressed.

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He said there must be investor confidence in Nigeria, adding, “You have to go from transactional economy to transformational economy.”

Obasanjo expressed concern over youths’ restiveness caused by unemployment, fearing that Nigeria might be sitting on a keg of gunpowder.

“Our youth are restive. And they are restive because they have no skill. They have no empowerment. They have no employment. We are all sitting on a keg of gunpowder. And my prayer is that we will do the right thing before it’s too late,” he warned.

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Strike Threat: ASUU, VCs Decry Profs’ N525,000 Monthly Pay

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Following the conclusion of its nationwide protests on Tuesday, members of the Academic Staff Union of Universities are set to hold congresses to decide their next line of action, The PUNCH reports.

This comes as the Federal Government meets today to address long-standing agitations over the implementation of the renegotiated 2009 FGN-ASUU agreement, which triggered nationwide protests across universities on Tuesday.

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Earlier this year, the President Bola Tinubu administration released N50bn to settle earned academic allowances owed to university lecturers and staff.

However, ASUU has consistently demanded clear commitments on improved salaries, conditions of service, university funding, autonomy, and a review of laws governing the National Universities Commission and the Joint Admissions and Matriculation Board.

The meeting, expected to be attended by the Minister of Education, Dr. Tunji Alausa; the Minister of Labour and Employment, Muhammadu Maigari Dingyadi; and representatives of the National Salaries, Incomes and Wages Commission, is expected to produce a timetable for signing and the phased implementation of the renegotiated agreement, along with related reports.

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READ ALSO:ASUU Directs Members To Begin Nationwide Strike Education

Government sources in the Education and Labour ministries told The PUNCH that today’s discussions would focus on reconciling the Yayale Ahmed committee draft concluded in December 2024 with the original 2009 agreement and subsequent recommendations, including the Nimi Briggs report.

Also on the table is how to phase the fiscal commitments into the national budget and produce a legally binding instrument for signature.

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Speaking with our correspondent on Wednesday, ASUU president, Prof. Chris Piwuna, said the union expected commitment from the government.

I truly hope they will come up with something tangible. Our members are tired of words and no action.”

Piwuna, however, clarified that ASUU was not invited for today’s meeting.

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Piwuna affirmed that the union was done with nationwide protests and was poised to hold congresses to decide on its next line of action.

READ ALSO:JUST IN: Immigration Hikes Passport Fees To N100,000, N200,000

We don’t have any meeting with the Federal Government tomorrow (today). It’s their meeting, we’re not involved. We have not received any invitation yet for a meeting with the Federal Government.

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“However, we’ll let Nigerians know our next line of action after the protests. We operate from the bottom up. The protests are over, so we’ll go back to our members and ask them what is next, and we’ll do exactly what they want us to do as elected representatives,” Piwuna said.

Ahead of Tuesday’s protests, ASUU branches had warned that their patience was exhausted after the renegotiation concluded in December 2024 and was formally submitted to the government in February.

At a press conference in Abuja, ASUU’s Abuja zonal coordinator, Prof. Al-Amin Abdullahi, said the union had fulfilled its part of the bargain and expected the government to adopt the report without delay.

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He noted that earlier reports never advanced beyond “filing cabinets” and stressed that failure to act could trigger another shutdown of public universities.

READ ALSO:ASUU Warns Against Abolishing TETFund, Says It’s A Threat To Tertiary Education

ASUU had also rejected the government’s offer of loan-style “support funds” in place of cash entitlements.

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Today’s meeting comes as ASUU members had consistently lamented poor pay, worsening state of academics, with professors earning about N500,000 monthly, sleeping in officers ‘ quarters, and reportedly struggling to join buses meant for students.

Documents obtained by The PUNCH show that under the Consolidated University Academic Salary structure, Graduate Assistants earn between N125,000 and N138,020 monthly, while professors earn between N525,010 and N633,333.

Assistant Lecturers earn between N150,000 and N171,487; Lecturer II (N186,543–N209,693); Lecturer I (N239,292–N281,956); Senior Lecturer (N386,101–N480,780); and Readers (N436,392–N522,212).

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A former Vice Chancellor of the University of Lagos, Prof. Oluwatoyin Ogundipe, lamented the erosion of morale among lecturers.

Ogundipe said, “The lecturers are tired, the morale is low, and lecturers are poorly paid. Academic staff members are on the edge, itching to leave. The standard of teaching is going down. As Vice Chancellor, I earned N900,000 as salary. My present salary as a professor, still in the system, is N700,000. My son saw my pay slip and described it as a joke. Do you know that some lecturers sleep in the office?”

READ ALSO:JUST IN: ASUU Stages Peaceful Protest In Bauchi, Demands Exception From IPPIS

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ASUU president Piwuna said many lecturers earned just over N400,000 and accused the government of neglecting academics while prioritising pay raises for politicians.

He described as unsurprising the FG neglects the lecturers while the Revenue Mobilisation Allocation and Fiscal Commission was proposing an upward review of the salaries of public office holders.

He added that stagnant salaries had crippled universities’ ability to attract quality lecturers, worsened morale, and affected output.

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Piwuna said, “Well, from experience, Nigerian elites or the political class always look after themselves. So, we’re not surprised that the arms of government that Nigerians are most dissatisfied with are the ones that are getting the pay rise, while those who work day and night to ensure that the country keeps moving, who are making tangible contributions to the growth of this country, are being neglected.

“Our salaries have remained stagnant, and that has affected the quality of lecturers that we can attract into the universities. That has also affected our morale, and because our morale is low, certainly the output would also be affected. And so our salaries have been a major area of concern for our members.

READ ALSO:JUST IN: ASUU Threatens Fresh Strike, Issues 3 Weeks Ultimatum To Nigerian Govt

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“Our salaries, our condition of service have always been a product of collective bargaining. And the last time this was done was in 2009. Talking about increases, for instance, this government has made an increase through the minimum wage, but all that was added to our salaries, and it’s for every public service, is N40,000.

“So, professors that were earning a little over N400,000 have still not been able to get to the N500,000 mark that you’re talking about, except for professors that have had annual increases for maybe 10, 20 years.”

In the same vein, a Senior Lecturer, Department of Economics, University of Lagos, Prof. Tunde Adeoye, urged the Federal Government to urgently review salaries of lecturers to avert another industrial strike.

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According to him, the Federal Government needs to be sensitive to the plight of lecturers and engage them in renegotiating the 2009 agreement, adding that the major issue is improving the salary structure of academics.

Adeoye stressed the need for the Federal Government to increase the salaries of university lecturers to reflect the current economic realities in the country.

READ ALSO:JUST IN: Crisis In UniAbuja As ASUU Faction Declares Indefinite Strike

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He added that the salary of a professor in a Nigerian university was about N500,000 without any deductions, adding that after deductions, it comes to about N300,000.

He noted that in some African countries like Kenya and Zimbabwe, lecturers were paid better than in Nigeria, and urged the federal government to make concerted efforts toward improving the living standards of lecturers and their condition of service to prevent brain drain.

Adeoye said, “The ASUU members equally have families and aged parents to cater for. As it is now, many of our members cannot pay their house rents.

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“Many of our members who were sick have died, while some with hypertension cannot even afford to buy their routine drugs.”

In the same vein, Secretary of the Committee of Vice Chancellors, Prof. Andrew Haruna, faulted successive Nigerian governments for neglecting the education sector and reducing the value of academics to mere salary figures, stressing that what lecturers truly need is an enabling environment to teach, research, and contribute meaningfully to national development.

READ ALSO:Give N50bn Budgeted For Loan To Students As Grant – ASUU Tells FG

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Speaking with The PUNCH, Haruna, who has taught in over 10 European universities, lamented that academics in Nigeria were undervalued compared to their peers abroad.

Haruna said, “I have taught in many countries in Europe. If you go through my CV, you will see that I taught in more than 10 different universities in Europe, and I was trained in Europe, and I came back to Nigeria to help. Now, if I were trained in Europe, I would know what I am worth.

“So, if you get just a meagre salary in Nigeria, just because I have decided to come and contribute, it simply shows the kind of leadership we have. Do they really respect the Nigerian citizens? If they respect the Nigerian citizens, do they really respect the Nigerian academia?”

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He argued that the problem was not just low pay, but the lack of infrastructure and conducive conditions for intellectual work.

On the international value of academics, he stressed that professors remained globally mobile, unlike many other professions.

He added, “If I earn $4,000 a month and I decide to come to Nigeria and you pay me N400,000, you simply show the kind of value you put on me. Professors, academics, are highly mobile. We are the only category of workers who have a professor in Nigeria, a professor in America, and a professor in Germany. Just like the degree we get in a Nigerian university, the Nigerian student will go to America and do a master’s degree, and go to Japan and do a PhD. So, this is the only job that is international.”

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JUST IN: Immigration Hikes Passport Fees To N100,000, N200,000

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The Nigeria Immigration Service has announced an upward review of the cost of obtaining the Nigerian Standard Passport, effective September 1, 2025.

According to a statement signed by the Service Public Relations Officer, ACI AS Akinlabi, on Thursday, the new fees will apply only to applications made within Nigeria.

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“The review which only affect Passport Application fees made in Nigeria, now set a new fee thresholds for 32-page with 5-year validity at N100,000 and 64-page with 10-year validity at N200,000,” the statement read.

READ ALSO:FG Launches Passport Front Office For Senior Public Officials

However, the statement clarified that application fees for Nigerians in the diaspora remain unchanged at $150 for the 32-page, five-year passport and $230 for the 64-page, 10-year passport.

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The service said the adjustment was aimed at maintaining the quality and integrity of the Nigerian passport while ensuring accessibility for citizens.

More details soon..

 

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Firm Wants Attorney-General Investigate Court Ruling On Breach Of Contract

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The management of Fidken Multi Services Ltd., has called on the Attorney-General and Minister Justice, Lateef Fagbemi, SAN, to intervene on alleged judicial manipulation and connivance in a case between the firm and Togo Oil & Marine Ltd, also known as TOM, owneriof Vessel MV MONTY J & ANOR.

Fidken Multi Services Ltd. also called on the Chief of Naval Staff,
Vice Admiral Emmanuel Ikechukwu Ogalla, and Chief of Army Staff, Lieutenant General Olufemi Oluyede, to investigate and bring to justice their men who allegedly aided the escape of the vessel owned by a foreign firms despite a restraining order from the Court of Appeal Lagos.

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The Managing Director, Fidken Multi Services Ltd., Engr. Kennedy Fidelis, made the call on Wednesday in a statement made available to newsmen in Warri, Delta State.

According to him, his company, Fidken Multi Services hired the vessel for a period of Six (6) Months with a renewable agreement but unfortunately the vessel broke down after two weeks of delivery to Nigeria from Lome, Togo.

He named Socemet as Ship Brokers, that is, the company that connected his company with the ship owners.

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He noted that, rather than the owner-company to take up the responsibility of repairs as per contract agreement, TOM sent representatives to plead with the management of Fidken Multi Services Ltd to assist in fixing the vessel.

He said TOM, m during the plea, said that the company was bankrupt to foot the bill of the repair, just as the company promised to make a refund of any amount spent on the repair or make deduction during execution of the contract.

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The MD added that, the promise of refund or deduction during execution of the contract prompted his company to show concern and consequently took full responsibility of the repair.

According to him the breakdown of the vessel was already causing a lot of down time and draw back to his business.

READ ALSO: US Court Sentences Osun Monarch To Prison Over $4.2m Fraud

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He lamented that, however, immediately after the repair, the management of TOM first attempt was to put up the vessel for sale without his knowledge or any of his management staff.

Engr. Fidelis said this single act by TOM to sell out the vessel he repaired when it was down without his knowledge was a complete breach of the existing contract.

According to him, after several attempts to take away the vessel from him, they finally escaped with the vessel back to Lome, Togo, in spite of a restraining order by the Court of Appeal in Appeal No: CA/LAG/CV/991/2024.

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He narrated: “We approached the court to demand a full Bank guarantee of USD380,729.00 ,USD 1.080,000.00 and USD 659,555.00 to cover our total claims as pre Bond condition ordered by Appeal Court should they go away with the vessel. But surprisingly, the Federal High Court in its judgement awarded the Sum of USD380,729.00 only as a guarantee for the release of the vessel. This sum can only cater for a part of the expenses we have incurred in maintaining the vessel, so we approached the Court of Appeal, and a restraining order was immediately placed on the release of the vessel.

“But this foreign company, in connivance with security agents jettisoned the order and moved the vessel out of the country.

READ ALSO: FG Security Agency, Nigerian Army Move To Tackle Illicit Small Arms, Light Weapons

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“The judgment by the Federal High Court, was a surprise to us. We couldn’t believe that in spite of the evidence our legal team presented, the presiding judge could give such a judgement. And this is why we are calling on the Attorney-General to investigate this. Also, some security agents aided this company to escape with the vessel.”

Corroborating this, Comrade Omentan Parson, a human rights activist who said he has been following up the case since inception, said this was the fifth time the company attempted to escape with the vessel, lamenting that they eventually succeeded.

He alleged that this same foreign company, in order to escape with the vessel, used Nigerian security personnel to kidnap the security man in charge of the vessel, saying this matter of kidnap is about to be filed in the court too.

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It’s quite unfortunate that Nigerian security agents whose monthly pay is from tax payers (Nigerians) could be used by a foreign company against fellow Nigerians. This is very bad. They (security agents) aided every step of the vessel in making sure it escape from this country.

“I was by the Jetty in Port Harcourt where I saw security agents supervise the bunkering the vessel and provide an escort Gunboat with personnel in making sure she left the shores of Nigeria.”

Calls put across to the foreign contact of the Managing Director of TOM, Mrs Jessica Jones, by our correspondent did not connect neither did she reply to the SMS sent to her cellphone.

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