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Refinery Sale Sparks Industry Debate: Marketers Back Plan, Demand Transparency
By David Torough, Abuja
Oil marketers and industry stakeholders have voiced strong support for the proposed sale or privatisation of Nigeria’s state-owned refineries, urging the Federal Government to ensure the process is transparent, inclusive and accountable.
Their reactions followed comments by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, who revealed during the 9th OPEC International Seminar in Vienna that the ongoing rehabilitation of the Port Harcourt, Warri, and Kaduna refineries has failed to deliver the expected results. Ojulari said the company is currently reviewing its refinery strategy and has not ruled out selling the facilities.“All options are on the table,” he stated. “Sale is not out of the question, but we await the outcome of the current review.”The announcement comes amid public outcry over trillions of naira already spent on refinery maintenance, with little to show for it. The refineries with a combined capacity of 445,000 barrels per day have remained largely non-operational for over a decade.Marketers Demand Accountability, InclusionPresident of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry described the sale as the “only reasonable path forward,” but questioned the motives behind the timing. “We must understand what’s driving this process,” he said. “Privatisation should not be a political exercise.”Gillis-Harry stressed that all relevant stakeholders including PETROAN, IPMAN, MEMAN, DAPPMAN and NUPENG must be involved in the process to ensure it is fair and beneficial to the industry.He also criticised the government for failing to follow through on past commitments, including a promised 30-day review of the Port Harcourt refinery’s revamp. “We have yet to see the results of that probe. Instead, the conversation has shifted to selling the refineries that’s not good enough,” he said.A Financial SinkholeNational Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike echoed PETROAN’s stance, labelling the refineries “a burden” on public finances.“Billions of naira have been wasted on turnaround maintenance. We advised the declaration of a state of emergency in the refining sector long ago,” he said, adding that the best way forward is either complete overhaul or a well-managed sale. “They should not be scrapped, but they must be utilised.”Ukadike lamented the role of corruption and technical mismanagement in the ongoing failures, calling the situation “economic sabotage.”Experts Call for Due Process, Not Fire SalesEnergy economist Kelvin Emmanuel warned that moving forward with the sale without addressing past mismanagement would be a grave mistake. He called for investigations into former NNPCL leadership and suggested that the Economic and Financial Crimes Commission (EFCC) and Attorney General must hold those responsible accountable.“It would be a travesty if those who oversaw these failures walk free,” Emmanuel posted on X (formerly Twitter).Professor Wumi Iledare, a petroleum economist, urged caution, reminding the government that decisions must align with the Petroleum Industry Act (PIA) and serve long-term national interest. “This should not be about immediate gains,” he warned. “The problem isn’t necessarily state ownership, it’s institutional failure.”Billions Sunk, Nothing to ShowDespite consistent budgetary allocations for over a decade, the refineries remain unproductive. Data shows that: $1.4 billion was approved for Port Harcourt refinery in 2021.$897 million was earmarked for Warri, and $586 million for Kaduna.An additional N100 billion was spent on rehabilitation in 2021 alone.$396.33 million went into Turnaround Maintenance between 2013 and 2017.Yet, the refineries have not resumed meaningful operations, prompting increasing calls for a total re-evaluation of the downstream sector.With growing consensus among stakeholders that the government should exit refinery management, attention now turns to how the privatisation process will be handled. Industry players are calling for openness, consultation, and accountability, warning that anything less could replicate the very failures the proposed sale seeks to end.COVER
Election Campaigns: FRSC Bars Officers from Politicians’ Escort
The Federal Road Safety Corps (FRSC) has barred its personnel from escorting politicians during campaigns for the 2027 general elections.
Zonal Commanding Officer, RS6, ACM Abimbola Owolabi, gave the directive during her maiden visit to the Cross River Command in Calabar on Wednesday.
Owolabi said patrol vehicles and sirens must not be used for political activities or private engagements, including weddings and funeral processions.
She directed officers deployed to campaign venues to focus exclusively on traffic management to prevent congestion and road crashes.
The zonal head warned personnel against leading political convoys or providing escorts for politicians, stressing that official vehicles must not be used for unauthorised purposes.
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2027: NITDA Raises The Alarm Over AI-driven Election Manipulation
By Elijah Oguche, Abuja
The National Information Technology Development Agency (NITDA) has warned that artificial intelligence (AI)-powered misinformation, deepfake videos and sophisticated cyberattacks could be deployed to manipulate Nigerians ahead of the 2027 general elections.
The Director-General of NITDA, Kashifu Abdullahi, raised the alarm on Wednesday during a press briefing at the agency’s headquarters in Abuja on preparations for the International Cybersecurity Conference 2026.
He expressed concern over the growing use of AI to generate convincing but misleading political messages, warning that the trend could undermine public trust, distort information and threaten national cybersecurity.
Abdullahi said cybercriminals were increasingly exploiting human weaknesses through social engineering, rather than relying solely on attacks against computer systems.
“We are in an election period where people are using misinformation everywhere to manipulate. So that’s why we look at it. How can we defend our minds? Because today, as a hacker, it’s easier for me to hack humans than to hack systems,” he said.
According to him, advances in AI have made it easier to produce deceptive audio recordings, videos and online content capable of misleading the public and influencing political decisions.
He warned that Nigerians’ growing reliance on social media for news and information could expose them to coordinated disinformation campaigns, particularly during election periods.
“Imagine someone using AI-generated content, manipulating us, controlling what to see, what to believe, and so on,” he said.
The NITDA chief urged Nigerians to verify information before believing or sharing political messages online, stressing the need for caution in identifying AI-generated content designed to deceive the public.
“Many people today will generate content, will generate political messages using AI. And as we are in an election period, people need to be mindful of what they see, what they believe, and what they share online,” Abdullahi added.
Beyond election-related misinformation, he said AI was reshaping cybercrime by making attacks more sophisticated while also creating opportunities to improve digital security.
He explained that organisations were increasingly deploying AI agents to automate business operations, warning that such systems could become targets for cybercriminals if adequate safeguards were not in place.
“So imagine someone hijacking your AI agent. It’s like someone taking over control of your staff,” he said.
Abdullahi noted that although AI could improve the detection and prevention of cyber threats, criminals could also use the technology to develop more convincing scams and automate malicious activities.
He further stressed the need to address human error, which he identified as a major factor in cybersecurity breaches.
“More than 95 per cent of all cyber breaches are as a result of human error,” he said.
He called on individuals and organisations to strengthen digital literacy, review AI-generated materials before circulating them and ensure that human oversight remained part of their use of the technology.
On the forthcoming conference, Abdullahi disclosed that the event had been upgraded from the National Cybersecurity Conference to an international gathering following growing interest from participants across Africa and beyond.
He said the expansion reflected the cross-border nature of cyber threats and the need for stronger collaboration among governments, businesses and international security organisations.
The conference, themed “Cyber Resilience in the Age of AI: Defending Minds, Networks, and Nations,” will address emerging threats, including deepfakes, cognitive manipulation, cybercrime and attacks on critical infrastructure.
According to him, the event will feature 13 keynote addresses and 16 panel discussions, alongside a cybersecurity hackathon expected to attract about 1,946 participants from secondary schools, tertiary institutions, professional bodies and government agencies.
He identified the Office of the National Security Adviser and the Nigerian Communications Commission as principal partners in the conference.
Abdullahi said the gathering would promote collaboration, develop local cybersecurity expertise and strengthen Nigeria’s capacity to anticipate, detect and respond to emerging digital threats.
He also described cybersecurity as essential to the growth of Nigeria’s digital economy, warning that weak security systems could erode public confidence in electronic transactions.
According to him, fears of online fraud already discourage some Nigerians from embracing e-commerce, limiting the benefits of digital business and services.
He urged public and private organisations to invest in cybersecurity, improve their preparedness for security incidents and integrate protective measures into digital infrastructure from the outset.
The NITDA director-general further identified agriculture, financial services, education, healthcare and small businesses as sectors where responsible technology adoption could improve productivity and support economic growth.
He maintained that protecting digital systems and strengthening public trust would be crucial to ensuring that Nigeria benefits from AI-driven innovation without exposing citizens, businesses and critical infrastructure to avoidable risks.
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RMAFC Begins Review of Anambra N70bn Stabilization Fund Request
By Tony Obiechina, Abuja
A committee of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has received Anambra State’s request for N70 billion from the Stabilization Fund. The money would pay for priority projects and other investments in key sectors of the state’s economy.
The Indices and Disbursement Committee heard the state’s presentation at a technical session at the Commission’s headquarters in Abuja on Tuesday, 20th October 2026.
The request covers security, environmental management, infrastructure, healthcare, education, agriculture, solid minerals and tourism.The committee chairman, who is also the Commissioner representing Lagos State, Prof. Olusegun Adekunle Wright, praised the Anambra government for bringing its financial challenges before the committee. He explained that the Stabilization Fund is meant to help states in genuine need, but only within set rules.
In a statement issued on Wednesday by the Head of the Commission’s Information and Public Relations Unit, Hajia Umar Maryam Yusuf, Prof. Wright said the Fund is “an important fiscal intervention mechanism intended to provide assistance in deserving circumstances, subject to established guidelines, availability of resources and the appropriate approval processes.”
He made it clear that the session does not mean the money has been approved. The technical review, he said, “did not constitute automatic approval.” The request remains open to further checks and possible recommendations to the full Commission, known as the plenary.
Wright said the Commission’s rules require any state seeking money from the Fund to first make a formal presentation. Only after that can officials visit the state to inspect the proposed projects on the ground. The committee will check whether the state’s financial records can be trusted, whether the projects are workable and their costs reasonable, what is needed to carry them out, and what benefits ordinary people in the state will get.
Representing Anambra, the Secretary to the State Government, Chiamaka Nnake, described the state’s economy, its income, its spending pressures and its development plans.
She said Anambra has 21 local government areas and 179 communities. It has an estimated 8.9 million people, a gross domestic product of about $12.7 billion and a projected 2026 budget of ₦766 billion.
Nnake said the state has raised its internally generated revenue from about ₦2.2 billion to about ₦7.2 billion. She said its economy is driven by the commercial and industrial centres of Awka, Onitsha and Nnewi, as well as its oil-producing areas.
She named insecurity, erosion, flooding, inflation and the rising cost of public services as the main pressures on the state’s finances. Sit-at-home orders and restrictions on movement, she said, have disrupted business, reduced government income and made investors less confident.
On the erosion ravaging the state, she said Anambra has more than 1,000 erosion sites, with 146 communities affected to varying degrees. She estimated that about ₦170 billion would be needed to fix the most serious sites. That is more than twice the ₦70 billion being requested. She listed work already going on, including erosion control, flood management, road repairs, land reclamation, clearing of waterways and tree planting. The state has also restricted sand mining near vulnerable areas. She asked for more resources to protect communities and key infrastructure.
On security, Nnake said the state has passed a Homeland Security Law, set up a state security outfit and works with a joint task force. She said extra funds would buy patrol vehicles, surveillance and communication equipment, and pay for staff training and better coordination. This, she said, would protect lives and property, bring back investor confidence and revive economic activity.
On health, she said the state’s free antenatal care and delivery programme has supported more than 206,000 deliveries, including 642 Caesarean sections, at no cost to the women involved. In education, she said the state has recruited 8,415 teachers and introduced free education from nursery to Senior Secondary School Three.
She said these programmes have raised the demand for doctors and nurses, equipment, medicines, classrooms and learning materials. The state must therefore keep spending to maintain quality and reach more people.
Nnake described agriculture as a major chance for the state to earn from more than one source. She said it has given out more than 2.3 million coconut and oil-palm seedlings. She called for investment in processing, storage, irrigation, cold-chain facilities and market access, so that farmers produce more, lose less after harvest and create jobs.
She also pointed to the state’s minerals, which include kaolin, bentonite, lignite, silica sand, gypsum and laterite, along with oil-related opportunities. To attract investors, she said, the state needs geological surveys, processing plants and supporting infrastructure.
On tourism, she cited Agulu Lake and other natural and heritage sites. Better access roads, visitor facilities and supporting infrastructure, she said, would make the state a more attractive destination and bring jobs, investment and income.
Concluding, she repeated the request for ₦70 billion. The money, she said, would add to what the government is already spending, keep essential services running, protect livelihoods, improve investor confidence and help build a stronger economy that does not depend on one source of income.
In his closing remarks, the Commissioner representing Anambra State, Dr. Enefe Ekene, thanked the committee chairman for presiding. He also thanked fellow commissioners for their patience and sharp observations, and the committee secretariat for its guidance.
He said the observations made at the session would help the Anambra delegation improve its presentation before the planned visit to the state. He said he was hopeful the engagement would produce good results.
The committee said its decision would depend on the financial documents supplied, the feasibility of the projects, their costs, what is needed to carry them out and the expected benefits. It added that any recommendation would still be subject to further checks and the proper procedures.


