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The Landing price for PMS is 1250 naira and the pump price of PMS at the petrol stations is 920 naira with the difference of 330 naira which the subsidy cartels will charge the NNPC to pay on behalf of the Nigerian consumers as subsidy.

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The Landing price for PMS is 1250 naira and the pump price of PMS at the petrol stations is 920 naira with the difference of 330 naira which the subsidy cartels will charge the NNPC to pay on behalf of the Nigerian consumers as subsidy.

2023 data according to NNPC shows that Nigerians consumes 66, 000, 000 liters of PMS per day i.e let’s do the math to know how much the subsidy cartels get from NNPC daily for subsidy payment.

Overall cost ;
66, 0000, 000 litres x 1250 naira = 82,500, 000, 000 billion naira. Is what NNPC spend daily to buy PMS for Nigerian consumers.

With subsidy inclusion:
66, 000, 000 litres x 800 naira = 52, 8000, 000, 000 billion naira is what NNPC makes daily from selling PMS to marketers who now sales it to Nigerian consumers at 920 naira per litre.

Here is where devil is ; the actual litres consume by Nigerians because on paper it is 66, 000, 000 litres per day and that’s where Nigerian eyes should be on because that’s were the corruption begins that’s knowing the actual litres.

Now for how much the Federal Government pays through NNPC till date as subsidy;
Remember the difference was 330 naira per litre.

66, 000, 000 litres x 330 = 21, 780, 000, 000 billion naira everyday to cushion the landing price being transferred to consumers as pump price.

I urge President Asiwaju Bola Ahmed Tinubu to act like President Vladimir Putin of Russia did to save his country from the oil cartels that were destroying the Russian economy. He sacked all the managements in the oil export sectors, sacked all the managements of the maritime security, arrested lots of these oligarchs and made sure they were put into prison. And established a system that all Russians knows how many barrels of crude oil the country sales daily and what is being refined in the country with them using their mobile phones to monitor all these businesses involved in the oil sector. And after Saudi Arabia and Russia is the highest earner from crude oil and see how the monies being utilized to develop Russia with the best social programmes in their Country even with the sanctions the President still increased salaries of workers in the Country with also handling huge infrastructures projects like building entirely new cities from the war ravaged city seized from Ukraine.

Until Nigeria does this, the Country will still be seen as fantastically corrupt.

Aso Rock Villa

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Egbu Community That Powers South East Battles Months Of Darkness

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Egbu community in Owerri North Local Government Area of Imo State has endured months of crippling electricity outages, even as it hosts a Transmission Company of Nigeria (TCN) facility supplying and distributing power to the entire South-East.

Residents describe the situation as cruelly ironic: while electricity flows from their town to cities across five states, Egbu itself receives barely two hours of power daily.

The blackout has intensified amid a standoff between the Imo State government and the Enugu Electricity Distribution Company (EEDC) over the proposed Orashi Electricity Distribution Company.

Governor Hope Uzodimma announced at the recent Imo Economic Summit that Orashi Electricity Distribution Company would commence operations in December, promising improved supply and stability across the state.

Before this announcement, the Imo State government accused EEDC of deliberately shutting down power in retaliation for the creation of the new distribution company. Commissioner for Information and Strategy, Declan Emelumba, insisted the state’s intervention aims solely to improve electricity delivery and protect residents.

EEDC, through its Head of Communications, Emeka Eze, denied the claim, asserting the company has no intention to disrupt supply. It also noted that agents of the state government had previously interfered with its Egbu transmission facility, disrupting operations.

Caught in the crossfire, Egbu remains the worst affected, with prolonged blackouts crippling businesses and daily life. Residents say the 11KV Egbu feeder, which supplies electricity locally, has been in poor condition for years, severely limiting power availability.

Augustine Njoku, a youth leader in Mpana area, said, “That 11KV feeder has been bad for years. EEDC refuses to fix it, and that is why we are in darkness.”

Small businesses are struggling. Uche Onwuka, who runs a football viewing centre at Ishiuzor village, said unreliable power has driven away customers. “I spend everything on petrol; there’s no profit left,” he lamented.

Restaurant owner, Ms Augusta Igwe added, “Running my generator eats up all my profit. How could two hours of electricity supply improve my business. This is unacceptable. I can no longer cope.”

Am Electronics trader, Gibson Amuneke said he was forced to close his shop: “There is no business without electricity.. This is very insensitive. When you go to other parts of the State, there is reasonable power supply but here in Egbu, which hosts the Transmission. station, we hardly get supply”

Residents also complain of high estimated electricity bills despite scant supply, describing it as unfair for a community that hosts a major national power installation.

Efforts to reach EEDC officials about the 11KV feeder and residents’ claims went unanswered. With Orashi Electricity Distribution Company set to begin operations in December and the EEDC-Imo standoff unresolved, Egbu residents remain trapped in darkness, questioning how a community that powers the South-East can be left in such neglect.

 

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Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress

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Former British Prime Minister Boris Johnson has expressed confidence in Nigeria’s security, saying he feels perfectly safe during his visit to the country. His remarks come amid ongoing reports of insecurity in various parts of Nigeria, making his statement a notable endorsement of the nation’s stability in certain regions.

Johnson made the declaration on Thursday, December 4, 2025, while addressing participants at the Imo State Economic Summit 2025 in Owerri, the state capital. He acknowledged having read travel advisories and news reports highlighting security concerns prior to his trip but said his experience has been reassuring.

He said he feels perfectly safe in the country and emphasized that the summit environment and local hospitality contributed to his sense of security. He also asked the audience if they felt safe, receiving an enthusiastic affirmation.

During his visit, Johnson commended Governor Hope Uzodimma and the Imo State Government for their development initiatives, particularly efforts to provide 24-hour electricity. He highlighted the potential of Nigeria as a hub for innovation and economic growth, noting the opportunities presented by emerging technologies such as artificial intelligence.

While his statements have been welcomed by some as a boost to international confidence in Nigeria, analysts caution that the former prime minister’s experience reflects only a controlled and secure environment within Imo State. Several parts of the country continue to face challenges, including banditry, communal conflicts, and kidnappings.

Nonetheless, Johnson’s visit and remarks are significant, sending a positive message to investors and global observers about Nigeria’s potential for stability and progress. They also underscore the contrast between localized experiences of safety and broader security challenges across the country.

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Dangote to Uzodimma: Just show me where to invest

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Dangote

By Emmanuel Iheaka, OWERRI

The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.

Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.

The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.

Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.

“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.

He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.

“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.

Dangote reiterated that his refinery was set to launch 1.4 million barrels per day capacity, the highest for any single refinery in the world.

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