AYCF Denounces Hon. Jaji Over Allegations Against Defence Minister Matawalle

By Sam Anderson

The Arewa Youth Consultative Forum (AYCF), a prominent voice representing the interests of the northern youth in Nigeria, has refuted statements made by Honourable Aminu Sani Jaji, saying the claims did not only lack credibility but also serve as a smokescreen for his questionable political dealings that have come to light.

A statement issued by the President General of the forum, Alhaji Yerima Shettima, averred that Honourable Jaji has attempted to position himself as a champion of the All Progressives Congress (APC) and a proponent of unity within the party but viewed his actions as a calculated strategy to further his political ambitions, which have been marred by allegations of financial impropriety and deceit.

According to the statement, “It is essential to highlight that Honourable Aminu Sani Jaji is widely recognized within political circles as a known political scammer. His most notorious venture, the organization known as ‘All For Baba,’ was ostensibly established to galvanize support for President Muhammadu Buhari. However, it has become increasingly evident that this organization was merely a facade for a more sinister agenda—siphoning funds under the guise of political campaigning. Reports indicate that Jaji colluded with the former Director General of the State Security Services Bichi to misappropriate funds intended for legitimate political activities. This raises serious questions about his integrity and motives.”

Shettima queried, “How can a person who has engaged in such dubious practices claim to represent the interests of the people? The AYCF firmly believes that the people of Nigeria deserve leaders who are transparent and accountable, not those who exploit their trust for personal gain.”

The forum said they find it curious that Honourable Jaji chose to address the press in Kaduna rather than his home base of Gusau, stressing that his decision appears to be a deliberate attempt to create further divisions within the APC rather than fostering unity.

It further averred that by opting for Kaduna, a city with its own political dynamics and tensions, Jaji seems to be more interested in stirring controversy than in promoting cohesion within the party.

“The choice of location raises pertinent questions: Is Jaji attempting to manipulate the political landscape for his benefit? Does he seek to undermine the efforts of other party members who are genuinely committed to the APC’s success? The AYCF believes that such actions are counterproductive and detrimental to the collective goal of strengthening the party and serving the interests of the Nigerian people.”

The AYCF therefore urged the leadership of the APC to take a closer look at the actions of Honourable Jaji and called for accountability and integrity in political representation.

“The youth of Arewa and, indeed, all Nigerians deserve leaders who prioritize the welfare of the populace over personal ambition. It is time for the APC to distance itself from individuals who engage in deceitful practices and to reaffirm its commitment to transparency and good governance.”

The AYCF says it stands resolute in its condemnation of Honourable Jaji’s claims and actions and will continue to advocate for a political environment where integrity, accountability, and genuine service to the people are paramount, adding that the youth of Arewa are committed to holding leaders accountable and ensuring that those who seek to exploit our trust are brought to justice.

ENDS


AYCF Denounces Hon. Jaji Over Allegations Against Defence Minister Matawalle 

By Sam Anderson

The Arewa Youth Consultative Forum (AYCF), a prominent voice representing the interests of the northern youth in Nigeria, has refuted statements made by Honourable Aminu Sani Jaji, saying the claims did not only lack credibility but also serve as a smokescreen for his questionable political dealings that have come to light. 

A statement issued by the President General of the forum, Alhaji Yerima Shettima, averred that Honourable Jaji has attempted to position himself as a champion of the All Progressives Congress (APC) and a proponent of unity within the party but viewed his actions as a calculated strategy to further his political ambitions, which have been marred by allegations of financial impropriety and deceit. 

According to the statement, *“It is essential to highlight that Honourable Aminu Sani Jaji is widely recognized within political circles as a known political scammer. His most notorious venture, the organization known as ‘All For Baba,’ was ostensibly established to galvanize support for President Muhammadu Buhari. However, it has become increasingly evident that this organization was merely a facade for a more sinister agenda—siphoning funds under the guise of political campaigning. Reports indicate that Jaji colluded with the former Director General of the State Security Services Bichi to misappropriate funds intended for legitimate political activities. This raises serious questions about his integrity and motives.”* 

Shettima queried, *“How can a person who has engaged in such dubious practices claim to represent the interests of the people? The AYCF firmly believes that the people of Nigeria deserve leaders who are transparent and accountable, not those who exploit their trust for personal gain.”* 

The forum said they find it curious that Honourable Jaji chose to address the press in Kaduna rather than his home base of Gusau, stressing that his decision appears to be a deliberate attempt to create further divisions within the APC rather than fostering unity. 

It further averred that by opting for Kaduna, a city with its own political dynamics and tensions, Jaji seems to be more interested in stirring controversy than in promoting cohesion within the party. 

*“The choice of location raises pertinent questions: Is Jaji attempting to manipulate the political landscape for his benefit? Does he seek to undermine the efforts of other party members who are genuinely committed to the APC’s success? The AYCF believes that such actions are counterproductive and detrimental to the collective goal of strengthening the party and serving the interests of the Nigerian people.”* 

The AYCF therefore urged the leadership of the APC to take a closer look at the actions of Honourable Jaji and called for accountability and integrity in political representation. 

*“The youth of Arewa and, indeed, all Nigerians deserve leaders who prioritize the welfare of the populace over personal ambition. It is time for the APC to distance itself from individuals who engage in deceitful practices and to reaffirm its commitment to transparency and good governance.”* 

The AYCF says it stands resolute in its condemnation of Honourable Jaji’s claims and actions and will continue to advocate for a political environment where integrity, accountability, and genuine service to the people are paramount, adding that the youth of Arewa are committed to holding leaders accountable and ensuring that those who seek to exploit our trust are brought to justice. 

ENDS

Echoes of Uromi: A Call for Unity in Diversity

By Abdul-Azeez Suleiman
Introduction
The recent and tragic events in Uromi, Edo State, where 16 Northerners were mercilessly slaughtered by a mob incited by state-owned vigilantes, have once again highlighted the deep-seated ethnic and regional tensions that continue to plague Nigeria. This incident is not merely a reflection of localized violence but a symptom of a broader malaise that threatens the very fabric of the nation. The silence that followed the killings from both the federal and Edo State governments, as well as from the leadership in the North and South, is alarming and indicative of a systemic failure to address the underlying issues of insecurity and inter-ethnic relations.
The Silence After Tragedy
The initial silence after the slaughter is particularly troubling. It suggests a troubling indifference to the loss of life, especially when the victims belong to a specific ethnic group. The absence of immediate and robust condemnation from key governmental and civil society figures raises critical questions about the value placed on human life in Nigeria. The first voice to break this silence was that of Yerima Shetima, the President General of the Arewa Youth Consultative Forum (AYCF), who condemned the killings and called for an investigation. His statement marked a pivotal moment, as it signaled that the Northern community was not willing to remain passive in the face of such brutality.
Following Shetima’s remarks, the Northern Governors Forum added their voice, emphasizing the need for justice and accountability. The Coalition of Northern Groups (CNG) also weighed in, demanding not only justice for the victims but also compensation for their families. This collective response underscores the anger brewing in the North, a region that has historically faced its share of violence and marginalization. The killings in Edo State are not isolated incidents; they are part of a troubling trend of violence against Northerners in the South, raising questions about the safety and security of individuals based on their ethnic backgrounds.
A Call for Action from Leadership
President Bola Ahmed Tinubu’s directive for security forces to take action is a necessary step, but it must be accompanied by a comprehensive strategy to address the root causes of such violence. The threats of legal action from organizations like the Civil Society Legislative Advocacy Centre (CISLAC) indicate a growing frustration with the status quo, highlighting the need for accountability and transparency in the handling of such incidents. The security agencies’ claims of making arrests must translate into meaningful action and justice for the victims and their families.
The palpable anger in the North is a call to action for all Nigerians. The killings of Northerners in the South must stop, and this requires a concerted effort from all levels of government and civil society. It is crucial for leaders to foster dialogue and understanding among different ethnic groups to prevent the escalation of violence. The silence that followed the Uromo killings must not be repeated; instead, it should serve as a catalyst for change.
The Need for National Dialogue
Moreover, there is a pressing need for a national conversation about the nature of citizenship and belonging in Nigeria. The idea that individuals can be targeted based on their ethnic background undermines the principles of unity and equality enshrined in the Nigerian constitution. It is imperative for leaders from both the North and South to come together to denounce such acts of violence and to promote a narrative of coexistence and mutual respect.
In a nation as diverse as Nigeria, the strength of its unity lies in the acceptance and celebration of its differences. Ethnic diversity should not be a source of division but rather a foundation for a richer, more vibrant society. The Uromo incident serves as a stark reminder that the threads of our national identity must be woven together with care, respect, and understanding.
Learning from the Past
Historically, Nigeria has witnessed a myriad of conflicts rooted in ethnic and regional disparities. The Biafran War, the religious riots in the North, and the persistent farmer-herder clashes are all manifestations of unresolved tensions that have festered over decades. Each incident leaves scars that deepen the divides between communities, making reconciliation and unity increasingly elusive.
It is crucial to recognize that the violence in Uromo is not an isolated event but part of a continuum of ethnic strife that has plagued the nation. The government must recognize the urgency of addressing these underlying issues. Policies that promote equity, social justice, and inclusivity must be prioritized to mitigate the risks of further violence.
The Role of Civil Society
Civil society organizations have a pivotal role to play in this discourse. They serve as the conscience of the nation, advocating for the marginalized and holding leaders accountable. The growing frustration among these organizations, as evidenced by their calls for justice in the Uromo case, reflects a broader demand for systemic change. They can facilitate dialogue between communities, promote peacebuilding initiatives, and create platforms for understanding that transcend ethnic lines.
Furthermore, educational institutions must also engage in this dialogue. By fostering an environment of inclusivity and understanding among the youth, Nigeria can cultivate a generation that values diversity and seeks peaceful coexistence. Educational curricula should emphasize the importance of empathy, respect for human rights, and the dangers of ethnic stereotyping.
The Path Forward
In conclusion, the tragic events in Uromi should serve as a wake-up call for all Nigerians. The loss of life is a profound tragedy that transcends ethnic boundaries and calls for collective mourning and action. As the North expresses its outrage, it is essential for all stakeholders to engage in meaningful dialogue and to work towards a more just and equitable society.
The silence that followed the Uromi killings must not be repeated; rather, it should catalyze a new commitment to fostering understanding and respect among Nigeria’s diverse ethnic groups. Leaders must take proactive steps to ensure that such violence does not recur, and that all Nigerians feel safe and valued, regardless of their ethnic background.
Only through understanding, compassion, and a commitment to justice can Nigeria hope to heal from the scars of violence and division. The time for action is now; the lives lost in Uromo demand nothing less. The future of Nigeria rests upon the collective ability of its people to embrace their diversity and work together towards a peaceful and prosperous nation. Let us heed this call and strive for a Nigeria where every citizen is afforded dignity, respect, and the right to live free from fear.

President Tinubu Celebrates 73rd Birthday, Middle Belt Forum Commends Administration

Sama liatu

The Middle Belt Forum (MBF) has congratulated President Bola Ahmed Tinubu on his 73rd birthday, praising his administration’s efforts in key appointments, infrastructure development, and security improvements in the region.

In a statement signed by its President, Dr. Pogu Bitrus, the Forum expressed gratitude for Tinubu’s role in establishing federal institutions and developmental projects across the Middle Belt states and the Federal Capital Territory (FCT). The MBF particularly commended the President for signing into law the North Central Development Commission, aimed at driving economic and infrastructural growth in the region.

The group acknowledged the improved security situation in many parts of the Middle Belt, attributing it to the President’s leadership. However, they urged Tinubu to intensify efforts in tackling insecurity in areas still plagued by violent gangs and insurgents.

Looking ahead, the MBF called on the President to reflect on Nigeria’s ongoing challenges, particularly the need for restructuring—a key demand from various regions across the country. They also urged his administration to review economic policies aimed at reducing poverty, creating jobs, and fostering a more business-friendly environment.

President Tinubu, who assumed office in May 2023, has championed various economic and security reforms. His administration faces the task of addressing economic hardship, insecurity, and national unity ¹.

N62 Billion Customs Scandal: Calls for Transparency and AccountabilityBy: Mike Odeh JamesA major financial scandal has rocked the Nigerian Customs Service (NCS), with allegations of N62 billion in unremitted funds under the leadership of former Comptroller-General Hameed Ali. The Transparency and Budget Monitoring Group (TBMG) has strongly condemned the alleged financial mismanagement, describing it as “unfortunate” and demanding a thorough investigation.In response, the Senate Public Accounts Committee has initiated an inquiry, giving the current Comptroller-General of Customs, Bashir Adewale Adeniyi, a two-week deadline to provide a detailed explanation regarding the allegations. The Auditor General’s Report uncovered a significant N62 billion discrepancy between the NCS’s reported revenue collection and actual remittance.According to the report, the NCS recorded a total revenue collection of N691 billion for the federation account but only remitted N629 billion to the Central Bank of Nigeria (CBN). This revelation has further fueled concerns over widespread corruption and financial irregularities within the Nigerian government.The TBMG is urging the Senate to conduct a comprehensive investigation into these outstanding financial discrepancies. The group is also demanding that Hameed Ali be held accountable for the alleged under-remittance, insisting on a full-scale probe and possible prosecution.This scandal is the latest in a series of financial misconduct cases within the Nigerian Customs Service. Recently, high-ranking officers were implicated in a multi-billion naira corruption scheme, further raising concerns about accountability and transparency in the agency.Furthermore, the current Comptroller-General, Bashir Adeniyi, faces mounting pressure over revenue shortfalls and allegations of fraudulent practices. The controversy deepens with accusations of selective disciplinary measures regarding two senior officers involved in a separate financial scandal amounting to N15 billion.As investigations unfold, Nigerians are keenly observing how the authorities will handle this matter. The TBMG’s push for transparency and accountability is vital in tackling corruption and restoring public trust in the Nigerian Customs Service and other government institutions.I’ve updated the article with your requested changes. Let me know if you need any further modifications or refinements!

N62 Billion Customs Scandal: Calls for Transparency and Accountability

By: Mike Odeh James

A major financial scandal has rocked the Nigerian Customs Service (NCS), with allegations of N62 billion in unremitted funds under the leadership of former Comptroller-General Hameed Ali. The Transparency and Budget Monitoring Group (TBMG) has strongly condemned the alleged financial mismanagement, describing it as “unfortunate” and demanding a thorough investigation.

In response, the Senate Public Accounts Committee has initiated an inquiry, giving the current Comptroller-General of Customs, Bashir Adewale Adeniyi, a two-week deadline to provide a detailed explanation regarding the allegations. The Auditor General’s Report uncovered a significant N62 billion discrepancy between the NCS’s reported revenue collection and actual remittance.

According to the report, the NCS recorded a total revenue collection of N691 billion for the federation account but only remitted N629 billion to the Central Bank of Nigeria (CBN). This revelation has further fueled concerns over widespread corruption and financial irregularities within the Nigerian government.

The TBMG is urging the Senate to conduct a comprehensive investigation into these outstanding financial discrepancies. The group is also demanding that Hameed Ali be held accountable for the alleged under-remittance, insisting on a full-scale probe and possible prosecution.

This scandal is the latest in a series of financial misconduct cases within the Nigerian Customs Service. Recently, high-ranking officers were implicated in a multi-billion naira corruption scheme, further raising concerns about accountability and transparency in the agency.

Furthermore, the current Comptroller-General, Bashir Adeniyi, faces mounting pressure over revenue shortfalls and allegations of fraudulent practices. The controversy deepens with accusations of selective disciplinary measures regarding two senior officers involved in a separate financial scandal amounting to N15 billion.

As investigations unfold, Nigerians are keenly observing how the authorities will handle this matter. The TBMG’s push for transparency and accountability is vital in tackling corruption and restoring public trust in the Nigerian Customs Service and other government institutions.

I’ve updated the article with your requested changes. Let me know if you need any further modifications or refinements!

AYCF Sadden Over Killing of 16 Travelers in Edo, Demands Justice

By Niniola Yenetu

Kaduna – The Arewa Youth Consultative Forum (AYCF) has strongly condemned the mob killing of 16 travelers in Udune Efandion, Uromi, Edo State, calling for immediate justice and accountability. The victims, mostly Hausa hunters traveling from Port Harcourt to Kano for the Sallah celebrations, were allegedly lynched over false accusations of kidnapping.

In a statement issued by AYCF President-General, Alhaji Yerima Shettima, the organization expressed deep sorrow over the tragic event, describing it as an inhumane act of lawlessness. According to Shettima, the victims were intercepted at about 1:30 p.m. by members of the Edo State Security Corps and local vigilantes before being handed over to an irate mob.

“This is a clear case of extrajudicial execution. Innocent Nigerians were falsely accused and subjected to mob violence in a most horrific manner. We condemn this in the strongest terms and demand that all those responsible be brought to justice,” Shettima stated.

Eyewitness accounts revealed that some of the victims were forcibly removed from their vehicle using wheelbarrows and thrown into flames, while others were burned inside the van. The AYCF described this as a terrifying escalation of mob justice, warning that failure to address such acts could deepen ethnic tensions and threaten national unity.

The group urged the government to immediately investigate the incident and ensure that the perpetrators face the full weight of the law. “Justice must be swift and decisive. This level of impunity must not be allowed to stand. If left unchecked, it will only encourage further bloodshed,” Shettima said.

While acknowledging the pain and anger within the Hausa community in Uromi and beyond, the AYCF appealed for calm and discouraged retaliatory actions. The group emphasized that the rule of law must prevail over emotions and urged affected communities to seek redress through lawful means.

“We understand the grief and outrage, but revenge is not the answer. The authorities must act now to ensure justice, and we will continue to push for accountability through legal and peaceful means,” Shettima reassured.

The AYCF reaffirmed its commitment to supporting the families of the victims and ensuring that such an atrocity does not happen again. It also called on security agencies to do more to curb the rising wave of mob violence across the country.

“Our heartfelt condolences go to the families of the victims. This tragedy should serve as a wake-up call for authorities to take firm action against mob killings. Every Nigerian, regardless of ethnicity, deserves the protection of the law,” Shettima stated.

The organization also urged traditional rulers, religious leaders, and community elders to intensify efforts in promoting peace and national unity. It cautioned against ethnic profiling and stereotyping, warning that such attitudes could further divide Nigerians.

The AYCF concluded by reaffirming its dedication to justice, peace, and national cohesion, stressing that Nigeria must not tolerate jungle justice in any form.

Yari to Tinubu at 73: Your Leadership Embodies Hope, Progress, and Stability

Zamfara West Senator, Abdul’aziz Yari Abubakar, has extended warm felicitations to President Bola Ahmed Tinubu, GCFR, on his 73rd birthday, describing him as a beacon of hope, progress, and democratic values in Nigeria.

In a goodwill message, Senator Yari reaffirmed his unwavering support for the Renewed Hope Agenda, commending Tinubu’s steadfast commitment to national development, peace, and stability. He prayed for the President’s continued strength and agility to navigate the nation towards prosperity.

“As you continue to steer the ship of leadership, be assured of my support, prayers, and commitment to the ideals your government represents,” Yari stated.

He also lauded Tinubu’s leadership legacy, urging Nigerians to rally behind the administration to achieve sustainable growth and democratic consolidation.

The message, signed by Yari—who holds the titles Marafan Sokoto and Shettiman Zamfara—reflects the growing support for the Tinubu-led government within the ruling All Progressives Congress (APC) and beyond.

Disregard Elrufai, Ex commissioners falsehoods about Kaduna’s revenues

The Kaduna Good Governance Forum (KGGF) is calling out former Governor Nasir El-Rufai and his Commissioners for spreading falsehoods about Kaduna’s revenue generation.

El-Rufai claimed that the state’s internally generated revenue (IGR) decreased from N7 billion to N2 billion monthly under Governor Uba Sani’s administration.

However, the KGGF in Statement signed by the Secretary, Comrade Tijanni Usman presented records showing that Kaduna State generated ₦62.41 billion in 2023, with the Kaduna State Internal Revenue Service (KADIRS) contributing 77.1% (₦48.13 billion). In 2024, the IGR increased by 12.5% to ₦70.22 billion, with KADIRS contributing 73.8% (₦51.87 billion) of the total revenue.

The forum attributed the improvement to Governor Uba Sani’s prioritization of robust revenue sector reforms, including the introduction of an electronic portal for revenue collection. This has helped surpass the best years under El-Rufai’s administration.

“The available records reveal that between January and February 2025 alone, ₦14.16 billion was collected proving that revenue mobilization under Uba Sani is not only stable, but growing.

“It’s worth noting that Governor Uba Sani’s administration has been recognized for its efforts in revenue generation.”it stated .

According to the National Bureau of Statistics (NBS), Kaduna State was ranked as the leading revenue-generating state in Northern Nigeria in 2023, with an impressive N62.48 billion in IGR .

We make bold to say the allegations of secret N100 million withdrawals from the IGR account is nothing short of another falsehood peddled by a drowning man.

El-Rufai and his cohorts in bid to pull down Governor Uba Sani have resorted deliberate attempt to sponsor falsehood and paint a gloomy picture about the good efforts of his predecessor, who is working tirelessly to reverse all his bad deeds while in office .

Nigerians in Diaspora Decry Emergency Rule in Rivers

By: Nkechi Okechukwu

The Association of Nigerian Professionals in Europe (ANPE) has strongly condemned the recent imposition of a state of emergency in Rivers State by President Bola Ahmed Tinubu. The group described the move as unconstitutional and damaging to Nigeria’s democratic reputation.

In a statement issued by its Global President, Dr. Philip Fola, ANPE expressed deep concern over the suspension of Governor Siminalayi Fubara and other elected officials. ANPE argued that the imposition of emergency rule signals a dangerous shift toward authoritarianism, undermining the principles of federalism and due process enshrined in the Nigerian Constitution.

The group noted that Nigeria, once hailed as a beacon of democracy in Africa, is now facing growing criticisms. “The suspension of elected officials without due process is a clear violation of democratic norms,” the statement read.

Nigeria’s reputation as a stable investment destination is at stake. This arbitrary abrogation of constitutional procedures erodes trust in Nigeria’s dedication to democratic values, which discourages potential investors. ANPE warned that such actions could erode investors’ confidence and further destabilize the nation’s fragile economy.

The group emphasized that the Nigerian Constitution delineates the processes for addressing grievances against elected officials, none of which is the unilateral imposition of a state of emergency by the federal government. By ignoring this legal procedure, the President not only set a dangerous precedent but also signaled a disregard for the principles of federalism.

This authoritarian maneuver has drawn criticism from international observers, destroying Nigeria’s status as an investment destination. “It is a thing of disappointment that our beloved country, which was once praised as a beacon of democracy in Africa, is gradually being perceived by international communities as a nation that is failing in its democratic ideals,” the group said.

Many international bodies and foreign governments have expressed disapproving concerns over the erosion of democratic norms in Nigeria. This perception has been further exacerbated by the actions of President Tinubu, as an emergent dictator in the international circuit. Such descriptions, whether accurate or hyperbolic, have had a chilling effect on Nigeria’s global standing, tarnishing its reputation as a stable and democratic investment destination.

The statement further accused the National Assembly of failing in its duty to check executive overreach, calling on lawmakers to investigate the constitutionality of the emergency rule in Rivers State. ANPE also urged the judiciary to uphold the rule of law by ensuring that constitutional procedures are followed in addressing political crises.

Furthermore, the Association of Nigerian Professionals in Europe (ANPE) is deeply troubled by the decision made by some of the key stakeholders in the face of this constitutional crisis. It is unfortunate that the National Assembly, which is tasked with checking executive excesses and upholding the Constitution, has become a disappointment in executing its role as a bulwark against authoritarianism.

Their support for this blatant violation of constitutional norms is a disgrace to Nigerians in the diaspora. We call on the National Assembly to reinvestigate this matter thoroughly and to take appropriate action to safeguard Nigeria’s democracy. We also call on the judiciary to adjudicate on the constitutionality of the state of emergency and to ensure that the rule of law prevails.

Emphasizing the economic implications of political instability, ANPE warned that foreign investors may withdraw or withhold investments due to uncertainty about Nigeria’s commitment to democratic governance. While calling for immediate reconciliation and dialogue, ANPE urged the federal government to respect state autonomy and democratic institutions.

The strength of our nation lies in our unity and commitment to democracy. President Tinubu must rectify this aberration to safeguard Nigeria’s democratic integrity and economic viability.

NNPCL’s ‘Dollars for Crude’ Policy Triggers Fierce Backlash

By Sandra Ukeredi

The Nigerian National Petroleum Company Limited (NNPCL) is facing intense criticism for its recent ‘Dollars for Crude’ policy, which has been condemned by the Centre for Energy Development and Economic Sustainability (CEDES) as a deliberate attempt to cripple local refineries and sustain Nigeria’s dependence on fuel imports ¹.

Dr. Umar Sani, Executive Director of CEDES, accused the NNPCL of prioritizing foreign exchange gains over the survival of local refiners. The Naira-for-Crude arrangement had ensured steady crude supply to Nigerian refineries, saved the government huge amounts in foreign exchange, and allowed for reinvestment in critical infrastructure ¹.

The controversy surrounding the policy has sparked concerns among petroleum marketers, who have started adjusting pump prices accordingly. The Independent Petroleum Marketers Association of Nigeria (IPMAN) warned that marketers might begin selling petrol in US dollars if Dangote Refinery insists on foreign currency transactions ¹.

This could lead to higher fuel prices, petrol scarcity, worsening inflation, and further hardship for Nigerians. CEDES warned that the NNPCL’s latest move could have severe consequences for the Nigerian economy and called on the federal government to immediately reverse the policy and uphold the Naira-for-Crude system to support local refining and economic stability ¹.

The decision to stop the naira-based crude supply might lead to volatility in the foreign exchange (FX) market, thereby eroding recent gains, according to market analysts. This could further exacerbate the economic challenges facing Nigeria ¹.

In October 2024, the federal executive council (FEC) approved the allocation of 450,000 barrels of crude intended for domestic consumption to be sold in naira to Nigerian refineries, with the Dangote refinery serving as a pilot project. However, the national oil firm has been accused of consistently failing to meet the allocation ¹.

The Dangote refinery has expressed concerns over the NNPC’s inability to supply adequate crude oil. Edwin Devakumar, the vice-president of Dangote Industries Limited (DIL), described the NNPC’s supply as “peanuts” ¹.

The controversy surrounding the ‘Dollars for Crude’ policy has highlighted the need for a sustainable and stable energy policy in Nigeria. The federal government must carefully consider the implications of this policy and take decisive action to support local refineries and economic stability.

The NNPCL’s move has also raised concerns about the potential impact on the Nigerian economy, particularly in terms of inflation and foreign exchange volatility. As the situation unfolds, Nigerians will be watching closely to see how the government responds to the crisis.

In the meantime, petroleum marketers are bracing themselves for the potential consequences of the policy change. The IPMAN has warned that the move could lead to a shortage of petroleum products, which would have a devastating impact on the economy.

As the debate rages on, one thing is clear: the NNPCL’s ‘Dollars for Crude’ policy has sparked a fierce backlash, and the government must act quickly to address the concerns of stakeholders and mitigate the potential damage to the economy.