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Obasanjo Condemns Fuel Subsidy Removal, States Why Importers Will Frustrate Dangote
Published
1 year agoon
By
Editor
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.
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.
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.
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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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
“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.
“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.
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On the promises that the refineries will be fixed, he asked, “How many times have they told us that? And at what price?
“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.
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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[OPINION] House Agents: The Bile Beneath The Roof
Published
10 hours agoon
September 17, 2025By
Editor
By Israel Adebiyi
I had tried, for months, to keep this subject at arm’s length. After all, The Nation’s Pulse has, by tradition, stuck its gaze on the big picture of national polity. But last week, my colleague, Joseph Kanjo, the ever-blunt Ijaw man, reminded me with his usual candour: “Israel, forget it. This matter has swum into national waters. You’ve got to discuss it on air.” And so here we are.
From Lagos to Abuja, Port Harcourt to Benin, in every major Nigerian city, there exists a tribe of middlemen who have turned the simple act of finding a home into a nightmare theatre of deceit, extortion, and despair. They call themselves “agents.” But tenants, with good reason, now call them Shylocks.
Nigeria is living through one of its most pressing social problems, a housing deficit of over 20 million units. As urbanisation outpaces construction, the scramble for shelter has grown more desperate. The result? An inflated rental market where landlords demand one, sometimes two years’ rent upfront, and tenants are left calculating survival in instalments.
In this scarcity, agents found their goldmine. They became gatekeepers, the ones you must pass through before seeing the landlord, the ones who “hold the keys.” And, like Shakespeare’s Shylock demanding his pound of flesh, they squeeze tenants until every drop of naira is bled dry.
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Take Chinyere, a young nurse in Abuja, who shared her ordeal with me. After months of searching, an agent finally led her to a one-bedroom apartment in Kubwa. The rent was ₦600,000. By itself, already steep. But then came the add-ons: 10% agency fee, 10% agreement fee, inspection fee, caution fee, and a mysterious ‘legal’ fee. By the time she finished calculating, her total outlay stood at ₦850,000 – nearly ₦250,000 more than the agreed rent. “When I asked what the ‘legal’ fee was for,” she said, “the agent laughed and said, ‘Madam, that one na normal. No legal o.”
Or consider Osatohamwen, a factory worker in Benin, who parted with ₦50,000 as “inspection and commitment” fee just to secure a viewing. The agent vanished, phone switched off, house nowhere to be found. Such stories abound, whispered in frustration and traded in bitterness by Nigerians across class divides.
What deepens the irony is that many of these agents take you to houses even they themselves would not live in. Dilapidated structures with cracked walls, leaking roofs, toilets that smell of neglect, and kitchens that could host cockroaches for dinner. Yet, they pitch them with salesmanship worthy of a Broadway stage: “Madam, this one na hot cake. If you no pay today, tomorrow e go don go.”
It is the cruelest part of the deception, dressing up misery as opportunity, knowing full well that desperation will silence protest.
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The tragedy is not just that tenants are extorted. It is that housing, one of life’s most basic needs, has become a gamble. Instead of safety and stability, many Nigerians now associate house-hunting with anxiety, loss, and betrayal. Families uprooted because a landlord suddenly doubled rent. Students stranded because an agent promised a “self-contained” that turned out to be a room with shared facilities. Newlyweds spending their honeymoon nights on relatives’ sofas because the house they paid for was given to someone else with “better money.”
The bigger shame is that Nigeria’s regulators look the other way. The housing sector remains one of the most unregulated spaces in our economy. No clear codes for agents. No enforceable penalties for fraud. No safeguards for tenants. In the vacuum, chaos reigns and the Shylocks thrive.
The comparison is sobering: in developed countries, property agents are licensed, their fees capped, and their conduct regulated. Here, anyone with a key ring and a contact on WhatsApp can become an “agent.” And Nigerians, desperate for shelter, must play along.
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Let’s be clear: agents are not the disease; they are the symptom. The disease is a deep housing crisis that leaves millions without roofs, and those with roofs perpetually at risk of eviction. The cost of cement rises, urban planning is chaotic, mortgages are inaccessible, and public housing is virtually non-existent. In such a system, desperation breeds exploitation, and agents merely mirror the larger dysfunction of the state.
But it need not be so. Shelter is not a luxury. It is a right. And like food and water, it must be treated as such. Nigeria must wake up to the urgency of reforming its housing sector by building more affordable homes, regulating agents, and protecting tenants from predatory practices.
Until then, the Nigerian tenant remains trapped between the landlord’s demands and the agent’s extortion, forever paying pounds of flesh in a market where survival is traded for profit.
So, when next you hear the phrase “house hunting,” don’t imagine a hopeful family searching for a new home. Picture, instead, a weary Nigerian, pockets drained, dignity bruised, whispering under their breath: What’s up with Shylock house agents?
News
Textile, Garment And Tailoring Workers Assault Journalists In Edo
Published
19 hours agoon
September 16, 2025By
Editor
Some members of the National Union of Textile, Garment and Tailoring Workers of Nigeria (NUTGTWN), Edo State branch,
on Tuesday, assaulted journalists who were invited to their secretariat to cover their meeting.
Deputy General Secretary of the NUTGTWN, Comrade Emeka Nkwoala, invited the journalists to the secretariat of the body to get the outcome of a meeting he was directed to hold with them following the resignation of the branch chairman, Mike Ochei from the Caretaker Committee, and the suspension leadership of the union in Edo State over his resignation.
The Caretaker Committee was set up by the leadership of the Nigerian Labour Congress (NLC) to resolve the crisis and conduct election into the state leadership of the Congress.
Ochei, while resiging was quoted to have said that he was coerced into the membership of the caretaker committee, hence his resignation.
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Trouble, however, started, when, after the journalists introduced themselves inside the hall, and as Nkwoala about to talk, some of the members of the body started shouting ‘we don’t need press,’ it is an internal affair, they must leave,’ which was followed by some of the union members physically assaulting the journalists. One of the members poked his hands into the eyes of one of the reporters, while they used derogatory words on them.
Addressing journalists after the uproar that followed the meeting, Nkwoala said Ochei was contacted and informed before he was nominated to serve in the NLC committee, stressing that it was, therefore, wrong for him to have claimed that he was coerced into the committee.
He, thereafter, apologised to journalists who were harassed by some members of the union.
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Nkwoala said: “I want to apologise on behalf of our union, we are a matured union, we hold the press in high esteem and we relate very well with the press. From the inception of our union, our past leaders didn’t joke with the press. Is it Comrade Adams Oshiomhole, Comrade Issa Aremu or the current General Secretary Comrade Ali Baba? We don’t joke with the press. We apologise for the embarrassment that our members caused you. We are not known for such.
“The state of our union right now in Edo State is that we have suspended the Mike Ochei led state exco. They are on suspension till further notice. That was the resolution we reached with the various chairmen of the zones in Benin City today, it was also the resolution of our National Administrative Council (NAC) of our Union via our zoom meeting yesterday (Monday). So they cannot represent the NUTGTWN anywhere in whatever capacity.”
On the way forward for the crisis in Edo NLC, he said: “Our allegiance is to the national leadership of the NLC ably led by Comrade Joe Ajaero and the Professor Monday Igbafen led caretaker committee. We believe that the leadership of the NLC has machinery in place to deal with some of these issues, for us we are part and parcel of the NLC and we will continue to pay our allegiance with the leadership of congress led by Comrade Ajaero.”
News
Edo Deputy Gov Tasks Lab Scientists On Research, Vaccine Production
Published
22 hours agoon
September 16, 2025By
Editor
Deputy governor of Edo State, Hon. Dennis Idahosa, on Tuesday, urged the Association of Medical Laboratory Scientists of Nigeria (AMLSN), to go into deep research, and channelled scientific findings to boost public health.
Idahosa also urged the scientists to set up a vaccine manufacturing company in Edo State.
The deputy governor spoke when he played host to the state chapter of AMLSN, saying “as we speak, we still do not have a vaccine manufacturing company or industry in the whole of Nigeria. That, to me, is worrisome.”
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Idahosa, who hosted the scientists on behalf of Governor Monday Okpebholo, added: ” This is the heartbeat of the nation. I think we should roll up our sleeves and do what other states in this country have not done before. Let Edo be the beginner.”
He appreciated the laboratory scientists on the courtesy visit, just as he commended them for their contributions and medical interventions, which he said had given a boost to the public health sector delivery system in the state.
Making reference to the campaign manifesto and five point SHINE Agenda of Okpebholo, Idahosa affirmed that, “after security, health is number two. We are laying so much emphasis on health. Edo State is going to be happy with what we are going to do with the health sector.”
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Idahosa assured the scientists that he was going to work closely with “the think tanks in the health sector based on raised areas of needs,” as “government would look at the best way to proffer solution to some of these challenges.”
State Chairman of the AMLSN, Dr. Ekhaguere Ehigie who earlier congratulated the Edo State Government for victories at the polls and in court, highlighted issues that plagued laboratory practice in Nigeria.
He advocated the setting up of modern molecular laboratories and use of Nano technology to boost disease diagnosis, accurate laboratory results and monitoring/surveillance of public health.
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