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BUSINESS: Fuel War Brews As Dangote Presses President Tinubu To Ban Imports

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The President of the Dangote Group, Alhaji Aliko Dangote, urged President Bola Tinubu to include refined petroleum products on the list of items restricted under the ‘Nigeria First’ policy of the Federal Government. However, oil marketers and industry analysts opposed the proposal on Sunday.

The ‘Nigeria First’ policy restricts government agencies from importing goods that can be produced locally. In May, Tinubu instructed that agencies should not procure foreign goods or services already available in Nigeria unless they obtain a waiver from the Bureau of Public Procurement.

Speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets—organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in collaboration with S&P Global Insights—Dangote called for petrol, diesel, and other refined petroleum products to be added to the policy’s restricted items.

He argued that fuel importation undermines local refining and discourages further investment in the sector and economy. He called on African governments to adopt protective measures similar to those of the United States, Canada, and the European Union to defend domestic producers from “unfair competition”.

Dangote emphasized that the “Nigeria First policy announced by His Excellency, President Bola Tinubu, should apply to the petroleum product sector and all other sectors.”

His proposal aimed to restrict imports of petrol, diesel, and other locally refined products. He stated that local refiners struggle to sell their products due to what he termed as dumping. He accused importers of flooding the market with toxic fuel unfit for sale in Europe.

“And to make matters worse, we are now facing increased dumping of cheap, often toxic petroleum products, some of which are blended to substandard levels that would never be allowed in Europe or North America,” he said.

He also noted that some of these imports include fuel or crude oil subsidised in Russia, which distorts local pricing and forces refiners to sell below cost.

“Due to the price caps on the Russian petroleum products, discounted petroleum products produced in Russia or with discounted Russian crude find their way to Africa, severely undercutting our local production, which is based on full crude pricing. This has created an unlevel playing field in most African countries. Petrol and diesel are sold for about a dollar net of taxes.

“In Nigeria, due to this unfair competition, this price is just about 60 cents, even cheaper than Saudi Arabia, which produces and refines its own oil. This is due to the fact that we are having too much dumping. To remain viable, we urge the governments across Africa to take deliberate steps as the United States, Canada, and the European Union have done to protect domestic producers from unfair competition,” he stated.

Dangote clarified that this move was not about monopolising the sector but encouraging local investment. He criticised wealthy Nigerians for investing abroad while criticising those building within the country.

“Let me take this opportunity to address concerns around monopoly and dominance. The reality is that too many people who have the means and the opportunity to contribute meaningfully to our nation’s growth choose instead to criticise from the sidelines while investing their wealth abroad,” Dangote said.

He revealed that his $20bn refinery has exported approximately 1.35 billion litres of petrol within 50 days, positioning Nigeria as a net exporter of petroleum products.

“Today, Nigeria has actually become a net exporter of refined products. Before I came on the podium, I asked my people how many tonnes of PMS we have actually exported. From June beginning to date, we have exported about 1 million tonnes of PMS, within the last 50 days,” he said.

Marketers tackle Dangote

Oil marketers rejected Dangote’s request, urging the government to continue allowing fuel importation.

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, told our correspondent that banning imports would damage the sector.

“We independent marketers will depart from that request. If the government does that, that means we will not be able to check inflation and monopoly, since it is the only refinery operating in the country now. We should continue to import even as we buy locally.

“I heard that the NMDPRA stated clearly that Dangote cannot produce all the fuel that the country needs. We will appreciate it if the country allows importation to continue since we are not paying subsidy,” Ukadike said.

Responding to Dangote’s claim that importation would harm local businesses, Ukadike disagreed. “Importation won’t kill local businesses or refineries; it will strengthen them. It will ensure local refineries step up their game. I don’t agree with Dangote on this,” he said.

The National President of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, also opposed banning fuel imports. He argued that a free economy must avoid monopolies and maintain diverse energy sources.

“I don’t agree with Dangote. We are running a free economy. There’s no reason why any one company should have an overarching value on the entire industry.

“Importation is not killing the economy. Importation is stabilising the sources of petroleum products. Importation of all products is useful. However, those that can be produced in Nigeria, like toothpicks, garri, egusi soup, cassava, and others like that, should be banned.

“But importation of refined petroleum products should not be banned because it helps to ensure that there are multiple sources of energy and replenishment,” Gillis-Harry stated.

Expert reacts

Professor Dayo Ayoade from the University of Lagos warned that banning petroleum imports could lead to monopolistic control.

“No, we cannot have a ban on petroleum imports. It’s not a legal ban. That would not be acceptable because we don’t have diverse sources for petroleum products. We can’t rely solely on the Dangote refineries. That would give a monopoly to a private individual.

“And for the reasons of energy security and national security, that would be completely unacceptable. The government should continue to encourage, liberalise, and ensure other refineries come upstream. NNPC may want to privatise or sell off its refineries, then that’s fine. But we need to have a better base of product market before we now start to say we want to ban imports,” he said.

He added that international trade law doesn’t support outright bans.

“And you know, when we talk about bans, we have to look at international trade. International trade law does not really sit well with banning things. So, we have to be clever about how we do it. But if the market is ripe, it will be more expensive to bring in things from other countries than our own products, provided they are of sufficient quantity and the quality is fine,” the don submitted.

More refineries

At the NMDPRA conference, Dangote called for more refineries and urged the withdrawal of dormant licences.

The IPMAN spokesman agreed. “On that side, I agree with him. You can’t obtain a licence to build a refinery and use it to decorate your house. The nation needs more refineries to do more exports.”

Dangote reiterated that his refinery could meet Nigeria’s fuel needs and said efforts to undermine the facility through importation were harmful. He revealed the refinery is targeting 700,000 barrels per day capacity by December, up from the current 650,000 BPD.

Last Friday, Dangote stepped down as Director and Chairman of Dangote Cement’s Board of Directors. The Group’s Chief Branding & Communications Officer, Anthony Chiejina, said he was focusing on the $20bn refinery, petrochemicals, fertiliser, and government relations.

The refinery is currently receiving 4,000 compressed natural gas-powered trucks for its free fuel delivery scheme starting August 1. The initiative will provide petrol, diesel, and aviation fuel directly to filling stations and bulk users such as telecom companies.

 

Credit: The Punch

BIG STORY

Reps Release Constitution Amendment Bills, To Vote On State Police Creation Today

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The House of Representatives has released the final print of the Constitution Alteration Bills seeking to provide a constitutional framework for the establishment of state police, among others, scheduled for consideration and voting during Today’s plenary.

The development marks a significant milestone in the ongoing review of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).

A statement signed by Spokesman, House of Representatives, Rep. Akintunde Rotimi, noted that the bills represent the culmination of several months of rigorous legislative work undertaken by the House Committee on Constitution Review, following the receipt and consideration of numerous Constitution amendment proposals from lawmakers, government institutions, professional bodies, civil society organisations, traditional institutions, and citizens across the country.

The review process involved extensive stakeholder engagement through zonal and national public hearings, consultative meetings, expert sessions, and town hall engagements held across the six geopolitical zones, ensuring broad-based citizen participation and input.

The Constitution Alteration Bills span critical thematic areas, including: Electoral Reforms, Judicial Reforms, Security and Policing, Local Government Administration, Inclusive Governance and Citizenship, Legislature, Devolution of Powers, Human Rights, Fiscal Reforms, Strengthening of Institutions, Traditional Institutions, and Creation of States and Local Governments.

Of particular priority is the Constitution Alteration Bill seeking to provide a constitutional framework for the establishment of State Police. The proposal has emerged as one of the most extensively debated reform initiatives in the current review cycle, attracting widespread public interest and stakeholder engagement across the federation.

The bill seeks to strengthen Nigeria’s security architecture by creating an additional layer of policing, while providing constitutional safeguards, clearly defined operational frameworks, oversight mechanisms, and delineation of powers between federal and state policing authorities.

According to the statement, its consideration reflects the growing national consensus on the need for innovative and locally responsive approaches to addressing contemporary security challenges.

Commenting on the development, the Deputy Speaker of the House of Representatives and Chairman of the House Committee on Constitution Review, Rt. Hon. Benjamin Kalu described the release of the final print as a defining moment in the House’s commitment to delivering a more responsive and effective constitutional framework for Nigeria.

According to him, “The release of the final print of these Constitution Alteration Bills reflects the extensive consultations, scrutiny, and bipartisan collaboration that have characterised this reform process. These proposals embody the aspirations, concerns, and recommendations expressed by Nigerians from all walks of life.

“Of particular significance is the proposal on State Police, which responds to longstanding calls for a more effective and decentralised policing framework capable of addressing emerging security challenges across the federation.

“As the House prepares to vote, we remain guided by our constitutional responsibility to strengthen democratic governance, deepen federalism, promote inclusion, enhance security, and build institutions capable of meeting the demands of a modern and prosperous nation.”

The House is expected to vote on the bills during today’s plenary, provided the constitutionally prescribed quorum is attained.

Should the required quorum not be met, consideration and voting will be deferred to the next legislative day in accordance with the Constitution and the Standing Orders of the House, the statement added.

The House of Representatives said it remains firmly committed to an open, inclusive, and transparent constitution review process and to advancing reforms that strengthen Nigeria’s democratic institutions, promote national unity, improve governance outcomes, deepen citizen participation, and respond to the evolving needs and aspirations of the Nigerian people.

 

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BIG STORY

Governorship Aspirants Spent ₦30bn On Primaries — EFCC

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said that some governorship aspirants in Nigeria spent between N20 billion and N30 billion to secure electoral victory during the last primary elections, warning that the trend poses a serious threat to democratic governance and fuels corruption in public office.

While delivering the inaugural High-Level Guest Speakers’ Series organised by the Centre for Peace and Strategic Studies (CPSS), University of Ilorin, on Wednesday, the EFCC boss said that huge financial resources deployed during elections often compel elected officials to divert public funds after assuming office in a bid to recover their investments.

He spoke on the theme, “De-risking and Mobilising Critical Stakeholders for Peaceful and Credible 2027 Elections in Nigeria”.

According to him, the huge financial outlay required to win elections often creates pressure on public office holders to divert public funds after assuming office, citing an example of what it requires to win a governorship election.

Olukoyede noted the EFCC remains committed to tackling vote-buying and other forms of financial inducement capable of undermining the integrity of Nigeria’s electoral process.

“The commercialisation of votes weakens the foundation of good governance because it compromises the political recruitment process. Leaders who buy their way into office are more likely to focus on recovering their investments rather than serving the public interest”, he said.

According to him, the anti-graft agency had made several arrests across the country over vote-buying and related electoral offences, with several convictions already secured.

He noted that those prosecuted include politicians, electoral officials, and ordinary citizens found culpable of electoral misconduct.

The EFCC chairman warned that impunity in the electoral process could undermine democracy and national stability, stressing that there must be no sacred cows in enforcing electoral laws.

He also disclosed that the commission plans to deploy drones and other technological tools to strengthen election monitoring ahead of the 2027 general elections, particularly in tracking vote-buying and financial inducements at polling units.

Olukoyede called on political parties and their supporters to embrace issue-based campaigns and reject inflammatory rhetoric that could incite violence.

He urged stakeholders, including the Independent National Electoral Commission (INEC), security agencies, civil society organisations, the media, and political actors, to work collaboratively to ensure peaceful, free, and credible elections.

Earlier, the Vice-Chancellor of the University of Ilorin, Professor Wahab Egbewole (SAN), described electoral corruption as a major threat to national security and democratic development.

Egbewole said credible elections are essential for national stability, economic growth, and public confidence in governance, stressing the need for stronger collaboration between academic institutions and agencies responsible for safeguarding electoral integrity.

In his welcome address, the Director of the Centre for Peace and Strategic Studies, Professor G.A. Animasawun, said the lecture series was conceived to provide a platform for proactive engagement on threats to Nigeria’s electoral process ahead of the 2027 polls.

He noted that the initiative would bring together policymakers, security experts, electoral officials, civil society groups, and scholars to develop practical solutions for peaceful and credible elections.

The event attracted representatives of security agencies, electoral bodies, civil society organisations, members of the academic community, and students.

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BIG STORY

US Military Presence in Nigeria Based on Invitation —– AFRICOM

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The United States Africa Command has said its military cooperation with Nigeria is firmly grounded in respect for Nigerian sovereignty and mutual interest, stressing that American forces operate in the country strictly by invitation and within an agreed bilateral framework.

AFRICOM’s Director of Public Affairs, Col Rebecca Heyse, stated this during an X Space discussion on Tuesday, titled “Strengthening Security Through Strategic Information Sharing: United States and Nigerian Military Partnership Against Terrorism.”

Heyse was unequivocal that the partnership was not an imposition.

“Our operations and cooperation with Nigeria are rooted in fundamental respect for Nigerian sovereignty. We operate strictly by invitation and under the US-Nigeria Joint Working Group framework,” she said.

Heyse said the United States remained committed to the partnership for as long as both countries considered it mutually beneficial.

“As long as there are shared security threats and the framework continues to be of value to both countries, the United States remains committed to the partnership,” she said.

The spokesperson for the Defence Headquarters, Maj Gen Samiala Uba, reinforced this position from the Nigerian side, making clear that it was Nigeria, not the United States, that determined the scope and duration of the collaboration.

“The cooperation is at the instance of Nigeria. The competencies, specialised capabilities and expertise the United States brings are things we require, and as long as we require them, we will continue to work together under the Joint Working Group framework,” he said.

Uba disclosed that hundreds of Nigerian military personnel were currently undergoing training in the North-East as part of the partnership, describing the benefits as significant.

“The Armed Forces of Nigeria are benefiting immensely from this collaboration, including skills development and specialised training. There are many operational lessons we continue to learn through our interaction with the United States,” he said.

Presidential spokesman, Sunday Dare, also weighed in, crediting the partnership with improving the pace and consistency of Nigeria’s counter-insurgency operations.

“We want to thank the US government for the active collaboration they have had with our military.

“Nigeria has seen the war against terror increase in tempo and consistency, and we have recorded massive successes in counter-insurgency operations,” he said.

In November 2025, President Donald Trump designated Nigeria a “Country of Particular Concern,” claiming that Christianity faced an existential threat in the country and that thousands of Christians were being killed by radical Islamists.

The Federal Government, however, rejected the allegation of the “mass murder” of Christians and instead sought collaboration with the United States to further prosecute the counter-insurgency war.

On Christmas Day 2025, at Trump’s direction, AFRICOM conducted missile strikes against ISIS militants in Nigeria’s Sokoto State in coordination with Nigerian authorities.

Following the strikes, the United States dispatched around 200 troops to train Nigerian military forces battling Islamist militants.

The partnership has since yielded significant results with the killing of Abu-Bilal al-Minuki, described by some as ISIS’s “second in command” globally.

 

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