Editorial
Price reduction: What game is Dangote playing with Nigerians?
Last Wednesday, Dangote Petroleum Refinery (DPR), came out with the news of the reduction in the price of Premium Motor Spirit (PMS), otherwise known as petrol. The move was the second since September this year, when the refinery – a $20billion facility sunk in the Ibeju Lekki area of Lagos, began full operation in Nigeria.
Anthony Chiejina, spokesman of the Dangote Group, first announced such a measure on November 24, 2024, saying the refinery was skipping N20 off its price ex-depot price of N970 per litre from the N990, where it stood as of that date, a move the company said was way of “appreciating Nigerians for their unwavering support in making the refinery a dream come true.”
He added in a statement: “In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being. While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable. We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
Wednesday’s statement, from the selfsame Chiejina, Chiejina, Chief Branding and Communications Officer of the company toed the same line, when he wrote: “To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM. Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”
On Saturday, the company upped the ante in another statement via its X platform, informing that it had entered a deal with MRS, one of the oil marketing majors to use its outlets across the country to ensure PMS sells at ₦935 per litre nationwide at its retail outlets, a development which is coming on the heels of the Nigerian National Petroleum Company Limited (NNPCL), also slashing prices below ₦1,000 per litre.
Again, Chiejina was on song, this time quoting Aliko Dangote, President of the Dangote Group, in a statement, where the African richest man commended President Bola Tinubu profusely “for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to a reduction in prices of petroleum products in the country.”
Hear him: “To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers. To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre. This price has already commenced in Lagos, and it will be offered nationwide from Monday.
“The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.”
Now, these series of “goodwill” gestures are supposed to send Nigerians into cloud nine of happiness. Consumers are supposed to rush to the market square with drums to celebrate the mere removal of a misery amount that is not even up to N50. Yet, these were the same people who watched the price of the same product jump from N189 to N550 in a matter of hours – the same Nigerians that watched, albeit helplessly, the progressive and continuous jump in the same prices, such that it hit N1,300 per litre in less than a year. They are the ones that would roll out the drums to celebrate the fractional reduction of N40. What a kind, considerate, benevolent gesture!
Yes! Ordinarily, the gesture ought to have called for celebration. But it is only when it is genuine and credible and not a display of deceit, for which the people have been subjected in recent months. Nigerians are no fools. At least, not the sort of fools the purveyors of the Dangote plot seem to take them for.
They have to be complete imbeciles or struck with Mongolian Idiocy Syndrome (MIS) not to notice the obvious machination embedded in the macabre dance that has been the Dangote story. First, it started with the Economic and Financial Crimes Commission (EFCC) striking at the company’s Ikoyi, Lagos headquarters of the company in January 2024, for yet to be fully explained reasons, save that it was one of the scenes in a series, where each plot clung to another in some sort of tragicomedy.
These same Nigerians watched and followed the steamy episode that played out with the official government pronouncement that Dangote Refinery was producing bad fuel, which came with its own ruckus that added its own din in the suffusing drama. This was before the pricing contestations and the back and forth that attended the controversy, before things got to where they are today.
Even the most indolent and poor economic students could still recall the textbook lessons about factors of production. They were drummed into every child’s head right from primary school – nearness to market, cheap labour, land, capital, nearness to source of raw materials. Suddenly all these disappeared completely or took the backseat in the Dangote debate – subsumed in the singular bemusing, if not insular line – oil is an international commodity.
Every man on suit that appears on television, tend to trumpet this single-line narrative. Obviously compromised by personal interests, they bandy around phantom figures that bear little relevance to the Nigerian situation – about how much fuel sells in the US, UK and other countries, without telling the same audience that a week’s salary of workers in these countries amount to a year’s earnings of their Nigerian counterparts.
What could be more obtuse and even laughable than the suggestion that Dangote would have to wait for the All Progressives Congress (APC) government through the Federal Executive Council (NEC), to fix the price of his petrol, when such demands were not made for cement, sugar and pastas he also produces? Of course, in a country where little children are being charged for treason for displaying mere flags and where people now spend months in detention for “insulting” someone on social media, what else would not make sense to the purveyors?
So, because of the drama that has beclouded the Dangote project, even this supposed “benevolence” and “Yuletide gift,” could only be taken with a pinch of salt. It could only fit into the multiple angles of interpretations, Nigerians have attached to the dance of shame that is the Dangote story. Who is to blame?
Deji Adeyanju, lawyer and rights activist, who has been on the matter since the malady started and who is emphatic that without taking care of vested interests, Dangote could sell at N500 and still smile to the banks was even considered quite generous. Not a few Nigerians believe that the margin could be far less – even less than N200, simply because petrol is just one in more than 15 items that could be produced by a refinery.
There are even whispers that the price is deliberately hiked for political reason. The argument is that it would begin to reduce over time gradually so that by the time election period starts to gather momentum it would be forced to an appreciably downward level, so that by the time it hits to about N500 or lower, it would be considered as part of the economic wizardry of the APC government.
Then, there is also the reality of the situation today suggesting that more than 50 per cent of car owners in the country, have practically abandoned them for alternative choice of movement and operators filling stations are virtually drinking their products due to low patronage, meaning that the recent gesture, could be an economic move to pull them out.
So, in the main, only very few could be impressed with the new outing of Dangote and his actors. Nigerians are still left with some scintilla of brain matters, enough to reason that something is amiss in the entire sequence and significant enough for them to at least suspect, even in their idiocy state that they are once again being taken for a ride with this story of price reduction.
So, let no one take them for fools. No doubt, there is every reason for Dangote to ride the decorated horse. Besides being the African richest man, he is the first in 35 years to build a refinery anywhere in Africa. He did so as a private citizen, breaking barriers where even the strongest governments failed. succeeding. Those feats may never be matched in his lifetime.
That should be enough feathers to his crown. But trying to add another feather in the colour of “champion of the masses” with this obvious Greek Gift of price reduction is not only akin to taking Nigerians for a ride, but pushing the envelopes too far. Nice try, though! But if he is too busy to notice, those around him should help him realise that the joke is actually on him for trying!
On Wednesday, July 8, 2026, Peter Obi, candidate of the Nigeria Democratic Congress (NDC), practically took the media space of Nigeria by storm, with his alarming claim that he might not be alive to contest the 2027 presidential election.
Obi was not talking about some strange illness discovered by his doctors, which had limited his days on earth or alluding to any other kind of natural cause of death. On the contrary, he was forecasting of a more diabolical, highly sinister variant of unnatural, untimely kind of death – political assassination or any other dimension relating to it.
The former Governor of Anambra State, who has remained the main thing in the polity since taking the Nigerian political firmament by storm with his emergence as contender for the nation’s number one job in 2022, ending up with a stunning performance in the February 25, presidential election as candidate of the Labour Party (LP), despite all odds, and prediction of naysayers, was not in doubt about where the threat was domiciled.
A guest of #WithChude, a popular podcast, hosted by Chude Jideonwo, he was instead quite emphatic that his reading of his current ordeal suggests that his traducers, might not stop with their clear intent of preventing him from being on the ballot in the 2027 presidential contest, but up the ante to the level of taking his life if the push eventually graduated to shove.
He did not mince words where the arrows were coming and who was pulling the bows, but was equally emphatic of that as well – the All Progressives Congress (APC) government of President Bola Ahmed Tinubu.
Hear him: “Every single thing I do for a living, this government is frustrating it. Deliberately so. Everything. So, there is even a possibility, if they have the opportunity, I will not be alive.
“It’s not an accusation. I know. I get frustration every day. Because you do things that you think would be normal – it is not normal anymore. They won’t come directly and say, ‘Oh, we’re doing this,’ but you can see their hand in virtually everything.
“They are attacking everybody who is in opposition personally. I am being attacked personally. Everything. Even to provide me with necessary things that I should have been entitled to, not at all. I had a case recently at the airport, where people who work in the airport came and locked my car. And I said, ‘It’s me.’
“But I said, ‘Look at the cars of other people.’ And you could see them talking to each other, as if, ‘Who is this one? And I see people I know at the airport, they will not greet me because they are fearing that if they greet me…And I have people send me invitations and say, ‘My son, my daughter is wedding, but please don’t come.’”
Since this outing, it has been hoopla on the Nigerian turf as the centrifugal and centripetal forces pull from all sides on the matter in a dog-fight between the government forces and Obi’s supporters.
In fact, Abuja did not waste time in producing a quick riposte, with Bayo Onanuga, spokesman of the President, ostensibly conveying the sentiments of his boss on the matter, dismissing the NDC candidate as a liar and a cry-baby.
He has support from Festus Keyamo, a Senior Advocate of Nigeria (SAN), Minister of Aviation and Aerospace Management, who quickly pulled out a video of what was supposed to be the airport incident Obi was referring to underscore the point that the former governor was indeed the guilty party.
In fact, so intense was Keyemo’s intervention that he not only instructed Obi to render an immediate and unreserved apologies to the airport staff – the selfsame people he accused of insulting him – but pay N25,000, which he claimed was the mandatory fine for the “crime” of parking in an unauthorised place, he allegedly committed.
Now as the drama in the nation’s theatre of the absurd continues to build up into a fearsome political fireball, it is pertinent to assess the situation, based on the facts on the ground – past and present.
In so doing, it is apposite to review the images on the huge national screen playing from the reel of events since Obi happened on the Nigerian political space. This will underscore whether his outcry could be considered as coming from genuine fears or dismissed as non-issues, as the Aso Rock Villa, enjoins.
Does NEXT International Supermarket, arguable once the biggest monuments in Abuja and one of the visible concerns linked to Obi, suddenly going up in flames some years back, not deserve a mention in the current conversation?
What about the outburst of Monday Okpebholo, Governor of Edo State, warning the NDC candidate never to step his foot in Benin the capital or anywhere within the territory without his express say-so? Where does that fit in?
How does Abuja capture the real life attack on Obi, then a chieftain of the African Democratic Congress (ADC), in the same Benin under the nose of the selfsame Okpebholo? Does that bullet-ridden vehicle that told the story of the entire macabre event in more ways than words not mean anything?
Okay, how is Obi supposed to process the silence of Abuja after an APC chieftain warned him not to step his feet into Rivers State or do so at the pain of death, when elsewhere such open threat ought to instigate an instant action, including the arrest and prosecution of the culprit?
What about the outburst of the selfsame Onanuga warning the NDC candidate – never to interfere in Lagos politics – following the blitzkrieg that came after trouncing Tinubu in his own backyard during the 2023 presidential election?
How was Obi supposed to process the pulling down of a prime property in Lagos belonging to his brother, in the context of this warning and other events that nuanced the actions of Alausa and other players since that 2023 routing?
Given this list of what is in the public domain, though not exhaustible yet – not knowing what else could have transpired beyond what is known to him and his supposed traducers alone, does it make for Obi to be complacent and believe that all is well?
For us, no politician in Nigeria today could be accused of being too careful with the foregoing events, not the least, Obi, given the long list of unresolved political killings history in the country.
The horrendous cases of the likes of Funso Williams, Bola Ige, Aminasori Dikkibo, Harry Marshal, Ogbonnaya Uche (OGB), who fell to the bullets of gunmen at various times, have not continued to blur the nation’s political firmament, but remain sad reminders of how awry things could go.
WHIRLWINDNEWS believes, therefore that the case of Obi deserves more than being dismissed with a wave of the hands as Abuja has since done. We believe that, not only the NDC candidate, but the nation needs the assurance that he is alive to contest in the election.
The consequences of Obi coming to harm might be graver than those who believe they are safe in the fortresses of Abuja foresee. It might signal the doomsday. Therefore, that assurance must come in visible words and deed. Now!
It began less than 10 minutes after taking the oath of office. In his address to the nation, he uttered those three-letter words – subsidy is gone. The ink with which he signed the documents declaring him President was yet to dry.
That was it. From that moment, Nigerians have known nothing but poverty, tears and death. It was a declaration that came out of impulse rather than articulacy. It was not even contained in his original speech prepared for the occasion. But it sprouted out – from a rash, unthinking and impetuous mental construct.
But the effect was instant, the impact direct. From that moment, Nigerians have never known peace. Every thing took a cue. Minutes after, the news broke that the price of Premium Motor Spirit, otherwise known as petrol had jumped from N189 to N550. It was that instant. Today, it hovers around N1,500.
The effect: Within minutes, transportation cost quadrupled. So too, commodity prices. Caught unawares, marketers, who had earlier thought it was a day of the rains as customers rushed to their shops, soon became suspicious and then got wiser – these were not ordinary customers but smart alecs playing a fast one on them.
They stopped selling, retrieved the items they could from those who had not disappeared with their goods and closed shop to study the situation properly. Hours after, they responded. A plate of eba and soup, went up from N200 to N1,000. Prices hit the rooftops.
In fact, the vehicle transporting what used to be Nigeria, which had been moving at a horse and buggy pace in the days of Muhammadu Buhari, stopped abruptly, engaged the reverse gear and began galloping backwards. That has remained the ugly, parlous tale of the Tinubu days, since May 29, 2023.
Now, the expectation would be that the President and his government that wrought such a horrendous punishment on the polity, would themselves take some blows. But nada! Instead, the opposite was the case. Within months of plunging the citizens into the untold hardship Tinubu went on a binge, spending money – in the words of Olusegun Obasanjo, former President – like a drunken sailor.
Few weeks after, as Nigerians were reeling and gasping in pain from the impact of their new situation, 469 newly-minted Sport Utility Vehicles (SUVs), rolled out from factories in Japan, where they were produced into the premises of the National Assembly for the just inaugurated members.
Put the cost at N100billion – that is N160million for each unit, plus other charges. Reason: The lawmakers needed the vehicles because of their good suspension system, to navigate the so many bad roads in Nigeria. Yes, you heard right. How could they think well and make good laws after the hassles of the bad roads? Tinubu saw reasons, acquiesced and voila!
But it did not end there. Tinubu suddenly realised that Kashim Shettima, his deputy, needed a new home “befitting” his new office. Pronto! A voucher of N21billion was raised and he had it. Till date a haze still hovers over the project.
The last news that was heard was that Number Two refused to take residence because the entire environment, including the toilets was wired to the teeth to monitor him. And Number Two needed privacy.
Again, in the same weeks, Oga Patapata, also realised that Madam needed to transport more comfortably. Pronto! It was arranged. Another voucher was raised for cars for the Office of the First Lady. Cost N1.2billion. Of course, madam needed the comfort for peace at home.
Naturally, since transportation is not done by land alone, he also took care of that. For the sea, a yacht was procured. Cost N5billion. Because the birds in the presidential fleet were not good enough, Tinubu did the needful.
He enriched the fleet with the one befitting of his status and had it transformed to mimic the US Air Force One. To complete the status symbol project, he also added a replica of The Beast, the US presidential automobile.
Ironically, the funds used in procuring these luxury lifestyle, came, not out of productive ventures of Nigeria, but through borrowing. Today, Tinubu has practically borrowed Nigeria blind, doubling or even tripling that of his predecessors.
Meanwhile Nigerians had upped the ante from mere groaning and skreiching. Citizens, unable to take it anymore, now stop their hitherto sleek vehicles on the Third Mainland Bridge and plunge into the Lagos lagoon to end it all. The option is now more rampant than remote and occasional.
Many others, taking the Socrates option, now drink hemlock and many more simply sleep off without any intention of waking up. That is where we are. That is the new Nigeria – the Tinubu Nigeria. But there is more.
Terrorists and the landlords of the forest, having now discovered that the Commander-in-Chief has other fancies than security and welfare of the people – the constitutionally-declared primary purpose of government and scant regard for the citizens, have practically gone haywire. They have taken over and established their authority.
Presently, outside those wantonly slaughtered or butchered in their homes like animals at the abattoir, incinerated alive while sleeping on their beds, among other forms of decimation, many more citizens are now spending months, going to years as victims of captivity with them in various forests in Nigeria.
In their rampage, the terrorists have since broken all barriers considered out of place hitherto. One of their escapades is the present videos of the school children and teachers taken from Oyo State. The gory imagery captures the current Nigerian story.
For instance, on Thursday, just as the sound of heavy celebration was going on in neighbouring Ogun State as the world marked the Ojude Oba yearly carnival, two of the victims, one of them with a toddler on her back, were pleading for their lives, as others went through various forms of torture, including heavy whipping like beasts.
Don’t forget that the terrorists had earlier slaughtered one of their colleagues. In the new video, the totally terrified women, informed that they had chosen another victim to be similarly eliminated. Yet, no word about rescue! Terrible!
Interestingly, if not painfully, Tinubu’s response, in the few cases he bothered, was to see the crisis through the politics lens. His most recent reaction was to tell the world that the harvest of attacks and carnages ravaging the country, were sponsored by his political enemies, intent on shoving him out of power. That to him was all that mattered.
Now, where are your powers as C-in-C? They are mostly found in the most disgraceful economic and political acts of impunity. Nigerians now waking up to hear of the award of brain-dazing contracts such as the N15trillion Lagos-Calabar Coastal Highway and Badagry-Maiduguri Highway – with scant regard for official regulations, is now becoming more common than rare.
Few days after one of the teachers was beheaded and the video of the hideous act made to circulate on the social media, the President and his All Progressives Congress (APC), party, rolled out the drums of his winning the party’s ticket to contest the 2027 presidential election.
To say that it has been three years of weeping, wailing, mourning and gnashing of the teeth, is a clear euphemism. There is no starker way of putting it than calamity – pure, unmitigated catastrophe – disaster.
Then comes the big question. Nigeria is already breasting the tape of these ruinous years of the first term. Suppose Tinubu succeeds in renewing his tenure by January next year? Will Nigeria survive five more years of a life like the last three? What will be left of Nigeria? Is there a way out, outside shouting – God forbid!?
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