Prince Donald Glasgow retweeted
โTinubu is a professional bonafide liar. I lectured at Chicago State University for five years, and during that period, he claimed he attended the institution. I was the director of the very programme he claimed to have attended.โ
โ Former Chicago State University lecturer says.
Segun Showunmi has gone comatose.
An Open Letter to Segun Sowunmi:
What happened to the man I once admired?
Dear Segun @SegunShowunmi
1. There was a time I admired you deeply.
2. I listened to you defend the PDP and saw an articulate man capable of rebuilding a troubled party.
3. I even hoped you might become its national chairman during the debates surrounding Bukola Saraki and the party's future.
4. But admiration cannot survive every contradiction.
5. Over time, I watched your political positions change like the weather.
6. One moment, you appeared sympathetic to Peter Obi.
7. The next, you attacked him.
8. Yesterday, you defended Atiku.
9. Today, you praise Tinubu.
10. Every change may have an explanation.
11. Together, they leave me wondering what you truly believe.
12. Your praise for Nyesom troubled me most.
13. How does a man who professes democracy applaud political conduct that, in my opinion, undermines its very foundations?
14. Now, your disagreement with Reno Omokri has revived allegations about your former paid role with Atiku.I cannot independently verify the financial claims.
15. But Segun, how are you holding up?
16. Are you okay?
17. If life has become financially difficult, please tell us.
18. We can organise a GoFundMe.
19. I would rather contribute towards your welfare than watch a once admired voice surrender its credibility.
20. I bear you no bitterness. Only disappointment.
21. Politics permits a man to change his mind. It should never require him to change his spine.
22. And a man who stands for everything eventually stands for nothing.
23. I hope you find your way
Kind regards,
Dr Preach Ojukwu
What is the difference between discount and subsidy?
๐
๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐
๐
๐๐๐๐๐๐
๐๐๐๐๐ ๐๐๐๐๐๐๐
๐๐ฃ๐ถ๐ซ๐ข, ๐๐ช๐จ๐ฆ๐ณ๐ช๐ข โ 9 ๐๐ค๐ต๐ฐ๐ฃ๐ฆ๐ณ 2026
๐๐ก๐ ๐๐๐๐ ๐๐๐ญ๐๐ข๐ฅ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ฌ ๐๐จ๐ญ ๐ ๐๐ฎ๐๐ฌ๐ข๐๐ฒ: ๐๐จ ๐๐ฎ๐๐ฅ๐ข๐ ๐๐จ๐ง๐๐ฒ ๐๐ฌ ๐๐ง๐ฏ๐จ๐ฅ๐ฏ๐๐
๐๐ฉ๐ฆ ๐ฅ๐ช๐ด๐ค๐ฐ๐ถ๐ฏ๐ต ๐ญ๐ฐ๐ธ๐ฆ๐ณ๐ด ๐ฑ๐ณ๐ช๐ค๐ฆ๐ด ๐ง๐ฐ๐ณ ๐ค๐ฐ๐ฏ๐ด๐ถ๐ฎ๐ฆ๐ณ๐ด ๐ข๐ฏ๐ฅ ๐ค๐ข๐ฏ ๐ด๐ต๐ณ๐ฆ๐ฏ๐จ๐ต๐ฉ๐ฆ๐ฏ ๐๐๐๐ ๐๐ฆ๐ต๐ข๐ช๐ญโ๐ด ๐ฃ๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐ข๐ฏ๐ฅ ๐ฑ๐ณ๐ฐ๐ง๐ช๐ต๐ด ๐ข๐ต ๐ต๐ฉ๐ฆ ๐ด๐ข๐ฎ๐ฆ ๐ต๐ช๐ฎ๐ฆ.
Since 1 October 2026, motorists have been paying less for petrol at NNPC Retail Limited stations, following a discount on the companyโs retail margin. We welcome the relief this brings to households, commuters and transporters.
Some commentators have described the discount as a return of fuel subsidy. That is not correct. Here, plainly, is what the discount is and what it is not.
1. ๐ ๐๐๐ซ๐ ๐ข๐ง ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง๐ ๐ ๐๐ฎ๐๐ฌ๐ข๐๐ฒ ๐๐ซ๐ ๐๐จ๐ญ ๐ญ๐ก๐ ๐๐๐ฆ๐
Every marketer adds a margin to the price it pays for the fuel it sells. A margin discount means the retailer chooses to take a smaller margin, or no margin at all for a period, and passes the saving to the customer. The cost of the discount is borne by the retailer alone.
A subsidy is different. It is when government pays part of the price the consumer would otherwise pay. That money comes from public revenue โ funds that would otherwise go to salaries, schools, hospitals and infrastructure. That is the regime this administration ended in 2023, and it is not coming back.
2. ๐๐จ ๐๐ฎ๐๐ฅ๐ข๐ ๐๐จ๐ง๐๐ฒ ๐๐๐ฒ๐ฌ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ
The discount is not funded by the federal budget or the Federation Account. NNPC Retail buys petrol from the Dangote Refinery and other suppliers at market prices, on commercial terms, then adds its retail margin to set the pump price. The discount comes out of that margin alone, so the discounted pump price remains market-reflective.
This is quite different from crude oil owned by the Federation. Selling the nationโs crude below market price would amount to a subsidy, because the shortfall would be borne by public revenue.
3. ๐๐๐๐ ๐๐๐ญ๐๐ข๐ฅ ๐๐ฌ ๐๐จ๐ข๐ง๐ ๐๐ก๐๐ญ ๐๐ญ ๐๐๐ฌ ๐๐๐ญ ๐๐ฉ ๐ญ๐จ ๐๐จ
NNPC Retail Limited, a wholly owned subsidiary of NNPC Limited, began operations over 20 years ago as a petroleum marketing and retail company. It was set up to ensure the nationwide availability, distribution and affordability of refined petroleum products.
Its purpose, in other words, is to keep products available across the country and to moderate retail prices, not necessarily to maximise retail profit. It has historically sold fuel below the prices of other marketers. The current discount continues that role, and it is a commercial decision that any retailer is free to make.
4. ๐๐ก๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ฌ ๐๐จ๐ญ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐๐๐ฎ๐๐ ๐
๐๐๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ข๐ฏ๐ข๐๐๐ง๐๐ฌ
Some have asked whether a lower margin means lower profits for NNPCL, and so lower dividends to the Federation. It need not. A smaller margin or temporary zero margin on each litre can be more than offset by selling more litres over time. And a discount builds customer loyalty that lasts well beyond the discount period itself. Together, these can raise NNPC Retailโs profits, and the dividends paid to the Federation: a win-win for consumers and for government. Margin discounts are a routine commercial strategy, used by retailers the world over.
5. ๐๐ก๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ข๐ฅ๐ฅ ๐๐จ๐ญ ๐๐ข๐ฌ๐ญ๐จ๐ซ๐ญ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐จ๐ซ ๐๐ง๐๐จ๐ฎ๐ซ๐๐ ๐ ๐๐ฆ๐ฎ๐ ๐ ๐ฅ๐ข๐ง๐
The retail margin on petrol is less than 5 percent of the pump price. A discount within that margin cannot meaningfully widen the gap between prices in Nigeria and in neighbouring countries, where petrol already costs 20 to 40 percent more. It therefore creates no new incentive for smuggling, and no distortion of the kind that subsidy regimes produced in the past.
๐๐ก๐ ๐๐จ๐ญ๐ญ๐จ๐ฆ ๐๐ข๐ง๐
.๐จ ๐๐๐๐๐๐
๐ ๐๐๐๐๐
๐ ๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐. ๐ป๐๐ ๐ต๐ต๐ท๐ช ๐น๐๐๐๐๐ ๐
๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐
๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐, ๐๐๐
๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐ต๐ต๐ท๐ช ๐น๐๐๐๐๐โ๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐.
We recognise that fuel prices continue to weigh on households and businesses. The discount is one of several measures government is pursuing to ease that burden, alongside the expansion of CNG transport, the waiver of taxes and duties on petrol, and the removal of illegal levies that inflate transport costs. Each is designed to bring relief without returning Nigeria to a subsidy regime that the country can no longer afford.
๐๐๐ข๐ฐ๐จ ๐๐ฒ๐๐๐๐ฅ๐
๐๐ฐ๐ฏ๐ฐ๐ถ๐ณ๐ข๐ฃ๐ญ๐ฆ ๐๐ช๐ฏ๐ช๐ด๐ต๐ฆ๐ณ ๐ฐ๐ง ๐๐ช๐ฏ๐ข๐ฏ๐ค๐ฆ ๐ข๐ฏ๐ฅ ๐๐ฐ๐ฐ๐ณ๐ฅ๐ช๐ฏ๐ข๐ต๐ช๐ฏ๐จ ๐๐ช๐ฏ๐ช๐ด๐ต๐ฆ๐ณ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐๐ค๐ฐ๐ฏ๐ฐ๐ฎ๐บ
๐๐จ๐ญ๐ ๐ญ๐จ ๐๐๐ข๐ญ๐จ๐ซ๐ฌ: The Ministerโs full speech, ๐๐ถ๐ฆ๐ญ ๐๐ณ๐ช๐ค๐ฆ๐ด ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฆ ๐๐ถ๐ฃ๐ด๐ช๐ฅ๐บ ๐๐ถ๐ฆ๐ด๐ต๐ช๐ฐ๐ฏ, is available on the Federal Ministry of Finance website at finance.gov.ng.
What is the difference between discount and subsidy?
STATEHOUSE PRESS RELEASE
NNPC RETAIL FORGOES PETROL PROFIT MARGIN TO OFFER SOME SUPPORT TO NIGERIAN HOUSEHOLDS AMID GLOBAL PETROL CRISIS; FG ANNOUNCES ADDITIONAL MEASURES
The Nigerian National Petroleum Company (NNPC) agreed today to forgo its petrol retail profit margin and sell to Nigerians at cost to cushion the impact of global crude oil price shocks and volatility on vulnerable households.
NNPC Retail, which already sells petrol at the lowest price in the market, will offer this new deal within the next 30 days. This means if NNPC's landing cost is N1300, it will sell fuel to Nigerians, especially commercial vehicles, at the same price.
The company's discount gesture, backed by President Bola Ahmed Tinubu, was among the raft of measures the Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, announced today.
Oyedele said he hoped other marketers would take a cue from the NNPC, as the sharp rise in crude and petrol prices is not expected to last long.
Oyedele was emphatic that NNPC agreeing to sell at a discount must not be misinterpreted as the restoration of petrol subsidy, which ended on May 29, 2023.
In addition, Oyedele announced forward sales of crude to domestic refineries. As production rises and previously committed crude is freed up, this is expected to shield pump prices from global market volatility.
Oyedele also said the Federal Government is negotiating a ceiling of N1,350 a litre on the ex-gantry or landing cost of petrol, to keep pump prices stable. Where costs rise above the ceiling, refiners and importers will carry the shortfall and recover it later, when crude prices or the exchange rate allow, without breaching the ceiling.
"This is neither a subsidy nor a price control: it is designed to smooth prices over time rather than suppressing them. The reasoning is simple. 1,400 naira a litre today and 1,400 tomorrow is better than 1,500 today and 1,300 tomorrow, because volatility itself adds to uncertainty and cost. And when fares rise sharply, they rarely fall as fast. The ceiling will be reviewed monthly, reset as costs require, and the figures published for transparency," Oyedele said.
Oyedele also said that, under the 2025 tax reform laws, the Federal government, in collaboration with the states and security agencies, is reining in the collection of road taxes and levies that inflate fares and logistics costs.
The Federal government is also increasing funding for cash transfers to the most vulnerable households and subsidised credit for small businesses and consumers.
Other measures announced:
A faster CNG rollout:
The federal government is scaling up CNG deployment with the states. The government expects transporters to pass the savings on to passengers in lower fares. CNG is 60-70 per cent cheaper than petrol.
An excess profit tax:
This will be considered for operators who take undue advantage of consumers, anywhere along the energy value chain. The government said it will use proceeds from taxes on price gouging exclusively to cushion the impact of fuel prices through transport support or vouchers for urban minimum-wage earners, who are most vulnerable. The Federal Government will also work with the National Assembly to consider enhanced tax relief for low-income earners under the 2027 Finance Bill.
Less red tape: The Federal Government is cutting regulatory costs that feed into the cost of doing business and, indirectly, into higher prices of goods and services.
National Strategic Fuel Reserve:
To protect households and businesses from future energy shocks, the Federal Government is investing in a National Strategic Fuel Reserve. The government will release refined products into the market under clear, published rules whenever a global disruption or hoarding threatens supply and price stability. This is not a subsidy, and it does not fix prices; rather, it secures supply and reduces price volatility. It will prevent artificial scarcity, deter market manipulation, and anchor long-term energy security, so a deregulated market delivers stable growth rather than sudden price shocks.
Better traffic and logistics management:
Traffic management agencies will improve traffic flow, especially in major urban centres, to reduce fuel consumption. Also, NIPOSTโs newly launched address codes will help make logistics more efficient and cheaper.
To be clear, none of these measures restores a blanket subsidy. Doing so would create longer-term harm for a short-term cure. Each measure is designed to reach the people who need help, without putting the wider economy at risk.
The Presidency acknowledged the challenges the people face over the high cost of fuel.
"Removing the fuel subsidy came at a price. But the alternative has been tried. Nigeria has already lived through that cycle: scarcity, smuggling, a collapsing currency and a fiscal crisis. We cannot afford to live through it again, least of all in response to a temporary disruption, and at the very moment the results of reform are gathering pace."
"Government is not out to reverse a necessary reform designed to set our country on the path towards sustained prosperity. It is to ensure its gains reach more Nigerians, faster and in more tangible ways. That is our work, and we are committed to doing it.
"The Federal Government is also working on a comprehensive package of fiscal measures to bring inflation down to single digits sustainably in the near term."
Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
October 8, 2026
Clown
Fayose: If FG Wanted Osun, Nothing Could Have Stopped It
dailytrust.com/fayose-if-fg-โฆ
Prince Donald Glasgow retweeted
๐Apologies๐๐ฝ
OUT ON MONDAY 2PM WAT #ILoveYouBecauseโค๏ธ
Pls Subscribe to my YouTube channel ๐๐ฝ#MR.PSQUARE #Appreciate
CONGRATULATIONS MA'AM
A BOLD MESSAGE OF GRATITUDE.
Today, I stand before you with a heart filled with profound gratitude and a deep sense of responsibility.
I am truly humbled by the confidence that members of the Nigerian Bar Association have reposed in me by electing me to serve as your President.
Thank you for believing in our shared vision of A BOLDER BAR THAT WORKS FOR EVERYONE. This victory is not mine alone; it belongs to every member who believed that our Association can be stronger, more inclusive, more responsive, and better positioned to serve the interests of all lawyers.
Over the past months, I had the privilege of travelling across our nation, engaging with colleagues in every state of the Federation and the Federal Capital Territory. I listened to your hopes, your concerns, your aspirations, and your ideas. Those conversations shaped this campaign, and they will continue to guide my leadership.
I extend my sincere appreciation to every member who participated in this election, regardless of the candidate you supported. The election is over. We are one Bar, united by a common commitment to the advancement of our profession and the defence of justice and the rule of law.
I congratulate my fellow contestants for their commitment to our Association and for enriching this democratic process. I look forward to working with all of you as partners in building an NBA that reflects the very best of our profession.
To the BBOLD Campaign Council, our volunteers, coordinators, supporters, friends, colleagues, and every person who worked tirelessly, often behind the scenes, I cannot thank you enough. Your dedication, sacrifice, belief, and hard work made this journey possible. I am deeply grateful.
To my husband, thank you for your love, your sacrifices, your encouragement, and your unwavering belief in me throughout this journey. Your support, strength, and quiet confidence have meant more than words can express. I am deeply grateful to have walked this path with you by my side. Thank you for being my steadfast partner through it all.
To my family, mentors, friends, and everyone who stood by me with their prayers, encouragement, and unwavering support, thank you for walking this journey with me.
Today marks not the end of a campaign, but the beginning of a new responsibility.
I pledge to lead with integrity, courage, humility, fairness, and accountability. I will be a President for every member of the Nigerian Bar Association. Together, we will build an Association where every lawyer has the opportunity to earn better, live better, and practise better.
The work begins now.
May God continue to bless the Nigerian Bar Association and the Federal Republic of Nigeria.
Thank you, and God bless you all.
- Oyinkansola Badejo-Okusanya, SAN, FCIArb (Mrs. B)
Partner, ALP NG & Co
President-Elect, Nigerian Bar Association
#BBold
Please don't mind the Guy.
Replying to @sowore
But you don't pay any of those following you around, even those that cook & clean for you, N500k per month.
None of your office clerks earns N500k per month from you or you don't think you should live by example?
Prince Donald Glasgow retweeted
This is some absolute prime-ministerial fiery speech from Kemi earlier today. This was such a joy to watch.
In Nigeria,
Where you have Akpabio and his Gang of 100 morons running the National Assembly, this is what an intelligent legislature looks like.


















