Director General, Manufacturers Association of Nigeria, Segun Ajayi-Kadiri, sees the price of fuel coming down to N800.

Ekwutosblog reported recently that Dangote Petroleum Refinery slashed its ex-depot price for Premium Motor Spirit, PMS, also known as petrol, to N840 per litre.

The reduction represents a N40 decrease from the previous rate of N880 per litre.

This happened a few days after the Nigerian National Petroleum Company Limited, NNPCL, increased the pump price of petrolto N925 per litre in Lagos.

This decrease is also coming a week after Dangote Refinery increased the ex-depot petrol price to N880 per litre

Speaking in an interview with Channels Television, Ajayi-Kadiri said that it was a welcome development, adding that price of the product would further decrease to N800 with the modalities being put in place by Dangote Refineries.

“You cannot blame anyone for producing and ensuring effective delivery,” he said.

When asked to share his thoughts from a manufacturer’s point of view on what he sees about the long term effect, he added, “So if I may use what the Gen Z is called ‘Joy is coming’, that’s what I see.

“The long term is going to be better. I see the price coming down to 800 and that’s what manufacturers want.

“I just told you now that last year, we spent as much as 1.1 trillion in terms of providing alternatives, apart from the fact that even the quality of the products is not guaranteed.

“So in the near future, I continue to see continued reduction in the price of diesel.

“I also see a situation where other players will be encouraged to come into the field, because that is what it takes. I don’t think that we should use sentiment to dissuade any investor from improving the life and well being of the people.

The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has disclosed that he revoked the land of former Imo State governor, Rochas Okorocha.

Wike warned that the FCT Administration under his leadership will repossess any land where the owners fail to pay their land rent.

He disclosed this during the 60th birthday of the Peoples Democratic Party, PDP, National Secretary, Samuel Anyanwu, in Abuja over the weekend.

Anyanwu had celebrated his birthday at the newly renovated Bola Ahmed Tinubu International Conference Centre in Abuja.

Speaking at the event, the Minister assured property owners of getting the best services if they pay their ground rent.

He said: “Rochas Okorocha is here, he is my boss, even though I revoked his land because the right thing must be done, he is my man.

“Senators are here, Ikpeazu, my colleagues are here, yes, if you don’t pay, I will take back our property.

“Look at what Julius Berger did here, is it by empty hand? It is not by money?

“Pay and you will get the best services, and you are getting the best services under the leadership of Tinubu. I have no apologies because I’m the one here.”

Udei community in Guma Local Government Area of Benue State was thrown into panic on Sunday following an attempted attack by suspected herdsmen, which reportedly left three police officers feared dead.

Eyewitnesses said the gunmen ambushed the officers during the attack and allegedly made away with their rifles.

As of the time of filing this report, the Benue State Police Command and other relevant authorities have not issued any official statement regarding the attack.

More to come…