FCT Dept Urges Markets To Priortise Fire Prevention Measures

The FCT Emergency Management Department (FEMD) has urged owners and managers of markets, malls and other commercial facilities in the territory to prioritise fire prevention by providing adequate fire extinguishers and functional firefighting equipment.

The call followed an early-morning fire that destroyed several shops and stores at the building materials market located at Eda Plaza, opposite Chida Hotel in Jabi, Abuja on Sunday.

The fire reportedly started at about 3:00 a.m. and affected several businesses dealing in building materials, destroying goods reportedly worth millions of naira.

Firefighters from the Federal Fire Service, FCT Fire Service and Julius Berger Fire Service responded to the incident and eventually brought the fire under control at about 10:14 a.m.

No life was lost in the incident, while the cause of the fire has yet to be officially established.

Reacting to the incident, FEMD in a statement by its spokesperson, Nkechi Isah stressed that prevention remains critical to reducing the frequency and impact of market fires across the FCT.

The department called on traders, market associations and facility managers to ensure that fire extinguishers and other firefighting equipment are readily available, properly maintained and accessible at all times.

FEMD also urged market operators to ensure that electrical installations are carried out by qualified professionals and regularly inspected to identify and correct faults before they trigger fires.

According to the department, routine safety inspections, proper storage of combustible materials and strict adherence to fire safety regulations are essential in preventing avoidable disasters in markets and commercial centres.

FEMD further advised residents and traders to immediately evacuate buildings whenever a fire breaks out and avoid actions that could obstruct or interfere with firefighters responding to an emergency.

It also reminded residents that the 112 emergency toll-free number is available for reporting emergencies and urged members of the public to make prompt calls whenever they notice a fire or other emergency.

FEMD said collective vigilance, proper safety equipment and regular inspection of facilities are key to preventing fire outbreaks and protecting lives and property across the FCT.

Group Demands Free Healthcare, Security For Aged Citizens

ýA group of elderly Nigerians under the umbrella of Grandparents has called on the government to provide free healthcare, better security and improved welfare for aged citizens to enable them live with dignity.

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ýThe group made the demand during a walk in Abuja to mark the 2026 International Grandparents Day, organised under the theme, ‘Preserving Legacy, Strengthening Generations.’

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ýA 91-year-old great-grandmother, Deaconess Mabel Ojie, said older persons faced deteriorating health, loneliness, rejection, restricted freedom and inadequate care.

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ýOjie urged the government to enact legislation specifically protecting older persons and provide free medical care, shelter and security for vulnerable elderly people.

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ýShe said, ‘Elderly persons are confronted with several challenges, including deteriorating health, loneliness, rejection, restricted freedom and inadequate care.’

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ýThe 91-year-old added that grandparents remained important custodians of wisdom and experience, which they could pass on to younger generations.

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ýShe called for shelter and security for elderly people who had lost their children or lacked adequate accommodation, saying such support would protect vulnerable older persons from neglect, abuse and homelessness.

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ýAnother elderly citizen, Mr Tunji Akinyoade, called for reforms to improve the welfare of pensioners, particularly in accessing their entitlements.

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ýAkinyoade said elderly people were sometimes subjected to long queues and exhausting processes before receiving their pensions.

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ýHe urged the government to establish a system that would ensure pensioners received their entitlements promptly without unnecessary hardship.

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ýHe also expressed concern over what he described as the erosion of integrity and traditional values, urging deliberate efforts to restore confidence in leadership and public institutions.

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ýAkinyoade said grandparents had an important role in transferring values such as integrity, truthfulness and responsibility to younger generations.

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ýThe Executive Director of the Christian Centre for Mission, Family and Leadership Development, Dr Isaac Komolafe, said the event sought to highlight the critical role grandparents play in families and society.

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ýKomolafe said grandparents contributed to preserving family customs and legacies while also strengthening the economy, promoting moral values and helping to prevent sexual and gender-based violence.

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ýHe called on Nigerians to respect and support older persons, including giving them preference in hospitals, banks and public transportation.

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ýKomolafe also urged the government to introduce policies providing special support for grandparents, including free medical care and possible discounts for elderly people at supermarkets and other essential service centres.

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ýHe called for legislation to protect older persons from abuse and neglect and ensure that they received dignity and honour.

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ýAccording to Komolafe, grandparents traditionally passed moral lessons to children through storytelling and other forms of intergenerational interaction.

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ýHe said such practices helped younger people understand hard work, integrity, family identity and respect for others.

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ýKomolafe therefore urged Nigerians to strengthen connections between older and younger generations, stressing that grandparents should not be discarded after years of contributing to their families and communities.

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ýThe participants said improved welfare for older persons would not only enhance their quality of life but also help preserve Nigeria’s cultural and moral values for future generations.

Nigeria Risks Losing Basketball Dominance – Air Warriors Owner

The owner and founder of Air Warriors Basketball Club, Abdulmajeed Solademi, has warned that Nigeria could struggle to sustain its status in African basketball unless greater attention is paid to grassroots development and the creation of a strong pipeline for young players and officials.

Solademi said the emergence of young basketball players and referees through grassroots programmes offered hope for the future of the sport, particularly at a time when Nigeria needed to constantly replenish its national teams.

Speaking with Daily Trust during a grassroots basketball development initiative in Abuja, Solademi said the programme had demonstrated that Nigeria could produce another generation of players capable of representing the country at the highest level.

‘Absolutely incredible! When I saw it, I began to have that feeling that we have a future in basketball,’ he said.

He drew parallels with developments in Nigerian women’s football, expressing concern that the country’s basketball teams could face similar challenges if adequate structures were not established to produce replacements for established stars.

‘I’m beginning to be afraid about our own D’Tigress as well when we don’t have people to really replace them. But with this, it is absolutely correct. It is very good. We have seen something unprecedented being done,’ he said.

He argued that Nigeria’s huge population should translate into a larger presence in African and international basketball.

Solademi also called for a stronger and more competitive domestic league, saying regular competition was critical to improving players’ professionalism and reducing the temptation to seek artificial performance enhancement.

CDS OLUYEDE AND THE WELLNESS OF OUR TROOPS

When President Bola Ahmed Tinubu appointed General Olufemi Oluyede as Chief of Defence Staff on October 24, 2025, the choice came at a critical moment for Nigeria’s security architecture. The appointment placed at the helm of the Armed Forces a senior officer who had already gained valuable experience commanding troops and confronting the hard realities of Nigeria’s complex security challenges.

Since assuming office, Gen. Oluyede has increasingly demonstrated that strengthening the military is not only about defeating threats but also about taking deliberate care of the men and women who go into the field in the discharge of these duties.

There is a growing understanding in modern military thinking that the strength of an armed force is not measured solely by the weapons it possesses or the number of operations it conducts. The condition of the people who carry those weapons and execute those operations matters just as much.

For Nigeria, where soldiers and other security personnel are regularly deployed to difficult and dangerous environments, the welfare and wellness of troops must remain a national priority. Oluyede’s emphasis on this aspect of military leadership is therefore both timely and necessary.

Since taking over as CDS, Oluyede has consistently highlighted the importance of personnel welfare as an integral part of military effectiveness. His understanding of welfare goes well beyond salaries and allowances.

It encompasses proper training, modern equipment, continuous professional development, operational preparedness, family support and genuine economic security. Oluyede knows that a soldier who is assured that the institution values his life, supports his family and prepares him thoroughly for the battlefield is far better positioned to give his best in the service of the country.

The importance of this approach cannot be overstated. Nigerian troops operate under enormous pressure in the fight against terrorism, banditry, kidnapping and other persistent threats. Many spend long periods away from their families and serve in difficult terrain where the risks are real and sometimes fatal.

In such circumstances, taking care of the soldier is not an act of generosity. It is a strategic investment in national security. Oluyede appears to understand fully this vital connection between human welfare and fighting capacity.

His emphasis on modernising the military structure is itself a welfare issue.

The planned review of the existing joint command arrangement, the move towards more permanent joint theatres and the establishment of the Joint Doctrine and Warfare Centre are all intended to make military operations more coordinated and effective. Better coordination can mean clearer responsibilities, faster decision-making and more efficient deployment of personnel.

In practical terms, a smarter military structure can reduce the unnecessary exposure of troops to avoidable risks. The CDS’s emphasis on better training and professional development is equally important. His efforts to strengthen defence cooperation, including the focus on training and capacity development in Nigeria-Bangladesh defence relations, reflect a clear understanding that today’s soldier must be prepared for a rapidly changing battlefield.

Warfare is no longer defined solely by rifles, artillery and conventional formations. Cyber operations, drones, artificial intelligence, robotics and space technology are becoming increasingly central. Preparing Nigerian troops for these realities is part of protecting their lives and improving their chances of operational success.

Oluyede’s advocacy for greater local production of military equipment has a direct and practical connection with troop welfare. Soldiers should not find themselves in situations where essential equipment is unavailable because of delays in foreign procurement or sudden supply disruptions.

Building Nigeria’s capacity to produce and maintain defence equipment locally can provide the Armed Forces with more reliable access to what they need. It can also reduce strategic dependence on external suppliers while strengthening the country’s ability to sustain military operations over the long term.

There is also the critical question of the economic wellbeing of serving personnel and their families. President Tinubu’s approval of substantial salary increases for members of the Armed Forces represents an important recognition of the sacrifices made by those who protect the nation.

The increases covering personnel across different ranks demonstrate that troop welfare must include decent and competitive remuneration. Under Oluyede’s leadership, such measures can contribute significantly to improved morale and strengthen the sense of institutional commitment among officers and soldiers.

But military service does not end simply because an officer or soldier retires. The responsibility of the nation should not end there either. Oluyede’s recent engagement with the leadership of the Retired Army, Navy and Air Force Officers Association is important for this reason.

By receiving retired officers and listening carefully to their concerns, the CDS is reinforcing the principle that those who served Nigeria deserve dignity, recognition and continued institutional support long after leaving active service.

His assurance that adjustments to the emoluments of serving personnel have corresponding implications for veterans is particularly significant.

Pensioners should not feel forgotten whenever improvements are made for those still in uniform. The military is an institution built on continuity, and today’s serving officer will eventually become tomorrow’s veteran. Protecting the welfare of retirees therefore strengthens confidence among those currently serving and assures them that their sacrifices will not be forgotten after retirement.

The Defence Headquarters’ collaboration with the Bank of Industry to facilitate access to low-interest financing for serving and retired military personnel is another practical initiative worth encouraging. Not every veteran will want to remain dependent solely on a pension. Many possess valuable skills, experience and specialised knowledge that can be converted into productive businesses. Giving them access to affordable capital can help them build sustainable livelihoods while allowing their expertise to continue contributing meaningfully to the wider economy.

The proposed database of retired military officers is equally promising. Nigeria has thousands of former officers with experience in administration, engineering, logistics, security, management and other specialised areas. A properly organised and accessible database can make it easier for businesses, institutions and government agencies to identify veterans whose knowledge can still be useful.

Retirement should mean the end of active military duty, not the end of a person’s relevance to national development.

Ultimately, Oluyede’s emerging military philosophy suggests that the welfare of troops cannot be separated from the broader reform of the Armed Forces.

Better command structures, stronger training, modern technology, reliable equipment, local manufacturing capacity, improved pay and meaningful support for families all contribute directly to the wellness of the soldier. His central objective is to build a military in which personnel are not merely expected to make sacrifices but are also assured that the institution will stand firmly behind them.

The true measure of military leadership should ultimately include how it treats the people who make military operations possible. General Olufemi Oluyede is already deepening a culture in which operational effectiveness and human wellbeing reinforce each other. Nigeria needs courageous soldiers, but it also owes those soldiers a system that values their lives, protects their dignity and supports them beyond the battlefield.

When the welfare of troops and veterans is treated as a strategic priority the way CDS Oluyede is doing, the nation does not merely build a stronger military; it builds a more confident, professional and resilient force capable of defending Nigeria with greater effectiveness.

Equities Open Week With N1.91trn Gains

The Nigerian equities market opened the new trading week on Monday with a bullish start, extending gains from previous sessions as buying interest in heavyweight stocks pushed the benchmark index higher.

OMATEK was the session’s top gainer, while TOTAL recorded the steepest decline.

The benchmark NGX All-Share Index (ASI) rose by 1.20% to close at 244,199.39 points, up from 241,298.47 points recorded on Friday.

As a result, the market capitalisation increased by approximately N1.91trn, while the market’s year-to-date (YTD) return strengthened to 56.93%.

The bullish performance was largely driven by advances in selected heavyweight stocks, with IKEJAHOTEL (+9.95%), ETI (+8.98%), ACCESSCORP (+8.81%), NB (+8.07%), PZ (+7.86%), NGXGROUP (+6.72%), ZENITHBANK (+5.29%), MTNN (+4.26%), FIDELITYBK (+4.17%), UBA (+3.16%), GTCO (+3.10%), ARADEL (+3.06%), OANDO (+2.72%), FIDSON (+2.60%), TRANSCORP (+2.08%), DANGSUGAR (+1.45%), WEMABANK (+1.05%), ETERNA (+0.70%), and HBMNG (+0.30%), among the major gainers.

The positive movement in the benchmark index was reinforced by improved market breadth, with 43 equities advancing against 16 decliners, signalling a broader recovery in investor sentiment and reduced selling pressure across the market.

Market activity strengthened during the session, as total volume traded increased by 0.17% to 606.19m, valued at N38.70bn across 53,471 deals.

ACCESSCORP recorded the highest volume with 126.54m units traded, accounting for 20.87% of the day’s volume, while MTNN recorded the highest value at 5.72bn, accounting for 14.78% of the value traded for the day.

GTCO and UBA accounted for 5.47% and 5.19% of the total volume, respectively, while GTCO and ACCESSCORP followed MTNN in traded value.

The rebound followed FTSE Russell’s confirmation of Nigeria’s reclassification to Frontier Market status, effective September 21, 2026.

FTSE Russell had in June placed Nigeria’s reclassification under ‘further review’ after the Nigerian capital market moved from a T+2 to T+1 settlement cycle on June 1, 2026.

The global index provider had expressed concerns that the shorter settlement period could effectively turn Nigeria into a prefunded market for international institutional investors.

FTSE Russell considers a requirement to prefund equity trades a negative under its ‘Settlement Cycle (DvP)’ criterion, one of five core Quality of Markets criteria required for attaining Frontier Market status.

However, Securities and Exchange Commission subsequently clarified that foreign portfolio investors are not required to prefund their accounts when trading in the Nigerian capital market.

The SEC stated that transactions settled through the Central Securities Clearing System are settled at 5:00 p.m. on T+1 and remain subject to the standard Delivery versus Payment framework.

Nigeria was originally reclassified from ‘Unclassified’ to ‘Frontier Market’ status following FTSE Russell’s March 2026 interim review, with implementation scheduled to take effect from the open of trading on September 21, 2026.

Meanwhile, the Central Securities Clearing System Plc (CSCS) has welcomed FTSE Russell’s decision to proceed with Nigeria’s reclassification from Unclassified to Frontier Market status, effective from the opening of trading on September 21, 2026.

CSCS disclosed this in a statement, saying the development reinforces confidence in Nigeria’s T+1 settlement framework and the continued progress of capital market reforms.

The clearing house said the reclassification represents an important milestone for Nigeria’s capital market and reflects the reforms undertaken to improve efficiency, resilience and alignment with evolving global market standards.

Inciting Remarks: APC Senator, Borno Commissioner, Kuje Council Chair Under Probe – Police

The police high command says it has launched a critical probe into the alleged inciting comments made by the Borno State Commissioner for Youth and Sports Development, Sainna Buba.

It also said the Chairman of Kuje Area Council in the Federal Capital Territory, Danjuma Shekwolo and the Senator representing Osun East, Francis Fadahunsi, are currently under probe for the same offence.

Daily Trust reports that the police action followed some controversial remarks attributed to Buba, who reportedly threatened to flog residents, and cut off the hands of people, who refused to support the ruling All Progressives Congress (APC) in the 2027 general election.

Similarly, Shekwolo warned residents of Kuje Area Council that they should either vote for the APC in 2027 or leave the council.

Ahead of the Osun gubernatorial election, Fadahunsi was captured in a viral video where he allegedly threatened members of the Accord Party.

Fielding questions from Defence Correspondents at a joint security spokesmen briefing in Abuja, on Tuesday, the force spokesman, Anietie Iniedu, described the inciting comments particularly in relation to the electoral process, as ‘a criminal offence’.

Iniedu, a Chief Superintendent of Police, while addressing issues surrounding the conduct of the August 15 Osun governorship election and recent controversial statements by political actors, said the authorities had questioned Fadahunsi over his alleged threat against members of the Accord Party.

He said, ‘On the issue of the Senator in Osun State, the Council Chairman in FCT and the Borno Commissioner’s inciting comments, I was part of the team that questioned the distinguished Senator in Osun State.

‘The law is very clear when it comes to inciting. It is criminal to incite members of the public, especially as you comment on the electoral process.

‘The Nigeria Police Force is responsible for maintaining law and order and we will not shy away from this responsibility, no matter whose ox is gored.’

The police further disclosed that all the alleged inciting statements by the political actors were being investigated and that the outcome would be made public.

‘Every insightful statement listed here is under investigation presently and the outcome will be released. We want to also use this opportunity to advise and caution all political stakeholders to desist from such comments,’ he added.

The Force also appealed to members of the public to cooperate with the investigators by providing statements and evidence needed to prosecute suspected offenders.

He identified the reluctance of witnesses to come forward as one of the major challenges confronting criminal prosecution in the country.

‘One of the challenges I must tell you now that we have, the law states that a case is made when there are two or three witnesses. He who alleges must prove his allegations.

‘The challenge we have in Nigeria right now is that most of our witnesses are those who have evidence to the incident, and do not come forward when it is time to go to court.’

The senior police officer urged members of the public to provide information and evidence without fear, saying their cooperation would assist the police and prosecutors in securing convictions.

He said, ‘I would refer to you, enlightened members of the public, to come forward without fear and to give your representation so we could help our lawyers in prosecution of these cases.’

Zamfara Won’t Negotiate With Bandits – Commissioner

The Zamfara State Government has said it will not negotiate with bandits or other criminal elements, but will accept the surrender of those who genuinely renounce violence and lay down their arms.

The state Commissioner for Information and Culture, Mahmud Muhammad Dantawasa, stated this yesterday while responding to a social media post by Aminu Abubakar Tela Kaura on the government’s position on peace and reconciliation with bandits.

Dantawasa said the government remained committed to protecting lives and property and would continue to support lawful measures to tackle insecurity in the state.

He, however, said accepting the surrender of criminals who voluntarily abandon banditry should not be confused with negotiating or compromising with them.

According to him, the government has a responsibility to explore lawful avenues that could save lives and restore peace when those involved in criminal activities genuinely decide to surrender.

‘The primary responsibility of government is to protect its citizens. Therefore, if accepting the genuine surrender of a bandit can prevent further killings, kidnappings and destruction of communities, such an opportunity should not be rejected simply because of political considerations,’ he said.

The commissioner stressed that surrender would not automatically guarantee immunity from prosecution for crimes committed.

He said every surrender process must be subjected to appropriate security screening and handled in accordance with the law.

‘Those who continue to carry arms and attack innocent citizens will continue to face the full force of the law,’ he added.

Dantawasa said residents of Zamfara had suffered losses of loved ones, homes, farms, businesses and livelihoods as a result of years of insecurity.

He said the government was determined to end the crisis and enable residents to return to normal lives.

The commissioner cautioned against politicising insecurity, saying the issue affected all citizens regardless of political affiliation.

‘Security is not a matter of political party or political affiliation; it is a matter of life and death that affects every citizen,’ he said.

He urged stakeholders to put aside political differences and support initiatives capable of bringing lasting peace to affected communities.

Dantawasa said efforts to address insecurity were sometimes wrongly interpreted as weakness or political calculation.

He said peace should not be mistaken for weakness, just as accepting the genuine surrender of bandits should not be interpreted as surrendering to banditry.

He added that the government would continue to deploy lawful measures, including security operations and community engagement, to protect residents.

FCT Tasks Contractors On Clean, Green Satellite Towns

The Coordinator of the Satellite Towns Development Department, Hon. Abdulkadir Zulkiflu, has charged waste management contractors operating in the Federal Capital Territory’s satellite towns to take their responsibilities seriously and ensure the areas remain clean and green.

Zulkiflu gave the charge in Abuja while addressing waste management contractors on the terms and conditions of their engagement with the department.

He said the contractors must demonstrate commitment to their assignments and work in line with the directive of the FCT Minister, Nyesom Wike, to improve environmental sanitation across the satellite towns.

The coordinator warned that contractors would only receive payment for work actually carried out, stressing that the FCT Administration would closely monitor their performance.

According to him, the minister is committed to achieving effective waste management in the satellite towns and expects all stakeholders to align with the administration’s vision.

He urged the contractors to ensure that the objective of creating clean, healthy and environmentally friendly satellite towns becomes a reality.

Zulkiflu directed the contractors to commence full-scale evacuation of accumulated waste across their areas of operation from September 1, 2026.

He further called on them to maintain a consistent and effective waste evacuation system, noting that the success of the clean and green initiative depends largely on their diligence and compliance with the terms of engagement.

Abuja GSM village mgt. moves to protect customers against touts

The management of the Abuja GSM Village has intensified enforcement against unauthorised agents, popularly known as ‘Oja boys,’ to safeguard customers and protect market integrity.

The vice chairman of the market association, Mr Abdulfatah Aliyu, said this during an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.

Aliyu said the market leadership deployed an internal task force and established a dedicated disciplinary office to flush out fake technicians and aggressive touts.

He told NAN that these unauthorised intermediaries often intercept unsuspecting customers at market entrances, inflate repair costs, and damage devices.

‘We realised that these ‘Oja boys’ were destroying the reputation of genuine, hardworking technicians who have spent years building their trade.

‘Customers come to the market expecting professional service but end up getting short-changed by individuals who have no fixed shop or verifiable skill,’ he said.

The vice chairman further told NAN that all registered technicians and apprentices in the market were issued official identity cards and assigned designated shop numbers.

He urged members of the public visiting the hub to deal exclusively with verified shop owners and refrain from engaging individuals wandering around the premises.

‘If you do not deal directly with a registered shop owner, it becomes difficult for the market authority to intervene or recover your property if a dispute arises.

‘Our task force monitors the premises daily, and anyone caught posing as a repairer or harassing buyers is immediately handed over to law enforcement,’ Aliyu said.

He reaffirmed the commitment of the association to maintaining a safe, transparent, and accountable environment for digital trade and technical service delivery in the Federal Capital Territory. (NAN)

Atiku: Under Tinubu, Monthly Wage Can Disappear Into Just 40 Litres Of Petrol

Former Vice President Atiku Abubakar has criticised the economic policies of President Bola Tinubu’s administration, saying the cost of petrol has reached a level where a Nigerian worker’s monthly minimum wage could be wiped out by the purchase of just 40 litres of fuel.

Atiku’s position was contained in a statement issued by his media aide, Phrank Shaibu, in response to Tinubu’s recent criticism of proposals to reduce energy costs.

According to the statement, petrol currently sells for about ?1,400 per litre, meaning that purchasing 40 litres would cost approximately ?56,000.

Shaibu argued that the figure represents about 80 per cent of the ?70,000 statutory minimum wage, leaving a low-income worker with only ?14,000 for food, rent, transportation, electricity, healthcare and other essential expenses.

‘A Nigerian earning the ?70,000 statutory minimum wage requires ?56,000 merely to buy 40 litres of petrol at ?1,400 per litre. That is 80 per cent of an entire month’s minimum wage,’ the statement said.

The Atiku camp said the calculation illustrated the impact of rising energy costs on ordinary Nigerians, arguing that the effect extends beyond the petrol station to transportation, food prices, farming and other areas of the economy.

It compared Nigeria’s petrol prices with those of other oil-producing countries, citing Saudi Arabia, Kuwait, Algeria, Angola and the United Arab Emirates, where petrol is sold at lower prices.

The statement also cited Libya, where petrol was said to sell for about ?34 per litre, arguing that Nigeria’s higher pump price had placed an excessive burden on citizens despite the country’s status as a major oil producer.

‘Why did Nigerians have to suffer for more than three years before your government discovered that economic growth must reach ‘the dining table and the pocket’?’ Shaibu asked.

He accused the Tinubu administration of inconsistency for criticising Atiku’s proposal to reduce energy costs while simultaneously promising cheaper transportation and relief for vulnerable Nigerians.

The statement said Atiku’s proposed Economic Recovery Plan would seek to reduce energy costs at source through targeted support for Nigerian crude supplied to domestic refineries under what it described as a capped, transparent and independently audited framework.

According to Shaibu, reducing fuel costs would have a multiplier effect on the economy by lowering transportation expenses and the cost of moving agricultural produce and manufactured goods.

‘Reduce fuel costs and you reduce pressure on transportation. Reduce transportation costs and you reduce the cost of moving tomatoes, rice, yam, livestock and manufactured goods,’ he said.

The Atiku camp also questioned what Nigerians had gained from the government’s claim that petrol subsidy removal had mobilised about ?15.8 trillion between June 2023 and December 2025.

It demanded greater transparency over the use of the funds, as well as explanations for what it described as discrepancies involving about ?30 trillion in Federation Account revenues, deductions, savings and transfers.

Shaibu further called for disclosure of beneficiaries and the public benefits associated with Import Duty Exemption Certificate approvals covering about ?34 trillion worth of imports in 2025.

He said the issues would remain central to the economic debate ahead of the 2027 general elections.

‘Why now?’ Shaibu asked, questioning the timing of the administration’s promise to introduce cheaper transportation, increase food production and provide relief to vulnerable Nigerians.

He said Atiku would continue to advocate policies aimed at reducing the cost of living, insisting that Nigerians needed structural economic relief rather than temporary palliatives.

Navy Seizes N56.5m Illegal Fuel In Rivers

The Nigerian Navy has disrupted two illegal refining sites in Rivers State and recovered about 34,000 litres of suspected illegally refined Automotive Gas Oil (AGO), with the seized product estimated to be worth N56.5 million at prevailing diesel market prices.

Personnel of the Nigerian Navy Ship (NNS) PATHFINDER discovered and deactivated the two sites around the Ohaji axis of Egbema-Ndoni Local Government Area during an operation on August 28, 2026.

Director of Information, Nigerian Navy Captain Abiodun Folorunsho, said the recovered AGO was stored in dugout pits, sacks and reservoirs, alongside other materials associated with illegal refining activities.

Daily Trust report that the N56.6 million, estimated value of the seizure is based on a diesel price of about N1,662.50 per litre.

At that benchmark, the 34,000 litres recovered by the Navy translates to approximately N56.53 million in market value.

The value highlights the growing economic incentive behind illegal refining and the potential revenue losses associated with the diversion of crude oil and petroleum products from the legitimate supply chain.

The operation is part of sustained efforts by NNS PATHFINDER to prevent the re-establishment of illegal refining infrastructure in the area.

The Navy said continued interventions had contributed to a decline in the reactivation of such sites.

No arrest was made as the suspected operators reportedly fled before the arrival of the naval team.

The Navy said the recovered products and associated materials were handled in accordance with established anti-crude oil theft procedures.

It added that operations under Operation DELTA SENTINEL would continue as part of efforts to disrupt crude oil theft and illegal refining, protect critical national assets and safeguard legitimate economic activities within Nigeria’s maritime and riverine environment.