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Fubara Bags Award, As CLEMO Schools Mark Founder’s Day In Calabar … Proprietress Celebrates 92nd Birthday

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Rivers State Governor, Sir Siminalayi Fubara, has been described as a man ordained by God to bring hope and succour to the downtrodden masses of Rivers State.

This was the declaration by the management and staff of CLEMO Schools, Calabar, Cross River State, Nigeria, as they bestowed on the Rivers State Governor an award of Peace, Statesmanship, and Development Expert at the Founder’s Day celebration of the school in Calabar on November 5, 2025.

The CLEMO Founder’s Day is celebrated annually in honour of Mrs Lawrentia N. Effanga, proprietress of CLEMO Schools, who turned clocked 92 years on November 5, 2025.

Mrs Lawrentia N. Effanga, cutting her 92nd birthday cake recently.

Speaking while presenting a plaque to the governor, the chairman of the occasion, Mr Agube Paulinus said, CLEMO Schools aligns itself with the peaceful disposition of Governor Fubara and the development strides which has become the hallmark of his administration, despite political challenges and distractions.

The plaque was received on behalf of the governor by Celestine Ogolo.

Earlier, Mr Paulinus had extolled the sterling qualities of the proprietress of CLEMO Schools, Mrs Lawrentia N. Effanga. He said the giant educational feats attained by the school in recent years were products of hard work, discipline, and motherly heart, which Mrs Effanga had brought to the management of the school.

He also showered encomiums on the staff and students for exemplary conduct, which has made the school the envy of all in Cross River State.

Elder Clapton L. Ogolo(right) receiving his award from the chairman of the event.

Earlier, while welcoming guests to the Founder’s Day ceremony, which took place at the school premises along Old Odukpani Road, Ikot Ansa, in Calabar, Mrs Effanga expressed gratitude to God for sustenance of life, and the cooperation and love extended to her by parents, staff, students, and old students of the school.

“Every 5th November marks a significant milestone in my life and the entire CLEMO Schools. It is an opportunity to celebrate the gift of life and God’s innumerable blessings and faithfulness to me and the entire CLEMO Schools community.

“It is also an opportunity to recommit to the vision that inspired the birth of CLEMO Schools. What began years ago with just three pupils has grown in leaps and bounds. Today, CLEMO Schools is one of the best in Cross River State – a worthy testament that God has truly multiplied our efforts. To Him be all glory,” Mrs Effanga stated.

The proprietress commended and thanked her guests, who came from far and wide to celebrate the day. She also appreciated the continuous support of the Macpepple T. Foundation for the scholarship scheme initiated and sustained over the years to 20 former students of the school in higher institutions.

Also speaking, the chairman of the Planning Committee of the Founder’s Day celebration in 2025, Mr Ekanem said that November 5 every year is historical in the life of CLEMO Schools. He said it was not just about commemorating the founding of the school but also to reflect on “journey of growth, excellence, and the impact that has defined CLEMO Schools since its establishment.”

“We are here to honour a woman, who years ago, looked upon this very ground and saw not an empty land, but a future filled with the promise of knowledge, character, and excellence. She planted a seed with faith that it would grow into a mighty tree, and today, we are all beneficiaries of its shade.

“Over the years, our school has produced men and women who are excelling in various fields of human endeavor-education, science, leadership, arts, and technology, contributing meaningfully to the development of our nation and beyond”, Mr Ekanem said.

Group picture of dignitaries at the event

Also, in an emotion-laden speech presented by Master Elijah Bassey, Senior Secondary One student of the school, on behalf of scholarship beneficiaries, they lauded Mrs Effanga for her love for children and benevolence which has turned fortunes of many for good.

The 92nd birthday of Mrs Lawnentia N Effanga and the Founder’s Day Celebration of CLEMO Schools was heralded by colourful match-past by the Boys Brigade and CLEMO Schools students. Other highlights were award presentation to dignitaries, including Hon Clapton L. Ogolo, who is the Chairman, Board of Management of CLEMO Schools. Other recipients were the Clan Head of Nkonib Qua Clan, His Highness Ntoe Paul Bassey Assimita ii, Macpepple J. Foundation, His Highness Esinjo Francis Edet, Pastor Alex of Glorious Covenant Church, Riverd State, Pastor(Mrs) Grace Emerald Udoka, Rt. Rev. Nelson Ekong Adolphus, Paulinus Agube, and Bryan Etim, amongst others.

Other highlights included traditional dance displays, JETS club presentation debates by the high school students, welcome song by the nursery department, performing arts, and the crowning of the Queen and King of CLEMO Schools.

Dignitaries from all over Nigeria including Mr Baritor Kpagih, a retired Assistant Comptroller of Customs, Hon Martin Nwigbo, a former chairman of Khana LGA of Rivers State, Nnamdi Ake, a former member of the Governing Council of Ken Saro-Wiwa Polytechnic, Bori, Rivers State, Sir Kpaliku, former Chief of Protocol, Government House, Rivers State, among several others.

The celebrant and proprietress of CLEMO Schools also cut her 92nd birthday cake, amid shouts of joy and excitement.

Tinubu Congratulates Soludo On Re-election, Hails Leadership Style

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President Bola Tinubu has congratulated Governor Chukwuma Soludo of Anambra State on his re-election.

Tinubu described Soludo’s victory as an affirmation of his visionary leadership and commitment to good governance.

The President also commended the All Grand Progressives Alliance, AGPA, for its performance in the poll, noting that the party’s victory reflected the vibrancy of Nigeria’s democracy.

In a statement issued on Sunday, President Tinubu said Soludo’s overwhelming victory in Saturday’s governorship election made him the third governor in Anambra’s history to win a second term.

He commended the people of Anambra State, security agencies, and the Independent National Electoral Commission, INEC, for the peaceful and successful conduct of the poll.

He praised the new INEC Chairman, Professor Joash Amupitan, and his team for conducting what he described as a credible election, urging the commission to sustain and improve on the standards achieved.

“The re-election of Professor Soludo is a testament to his visionary leadership and the significant progress Anambra has made under his guidance,” the president said.

Tinubu described Soludo as a disciplined and innovative leader who has brought “grace, brilliance, and a fresh perspective” to governance in the state, adding that Anambra was living up to its motto as the “Light of the Nation.”

Recalling his visit to the state in May 2025, the president said he was impressed by the projects executed by the Soludo administration and the “good thinking” behind them.

He urged Soludo to be magnanimous in victory and to seek the cooperation of his opponents, assuring him of the Federal Government’s continued support and collaboration.

The Independent National Electoral Commission (INEC) had earlier declared Governor Chukwuma Soludo, the winner of the November 8 governorship election in Anambra State.

According to the electoral umpire, Soludo, candidate of All Progressives Grand Alliance (APGA), polled 422,664 to defeat his closest rival, Prince Nicholas Ukachukwu of the All Progressives Congress (APC) who scored

The candidate of the Young People Party (YPP), Paul Chukwuma, scored 37,753 votes to secure third position while the Labour Party’s candidate, Dr George Moghalu came distant fourth with 10,576 votes.

Announcing the results of the election Sunday morning, State Returning Officer, and Vice Chancellor, University of Benin, Prof Edoba Omoregie said Soludo was returned Governor after securing the highest number of votes cast in the exercise.

He said: “I Prof Edoba Omoregie, thereby certify that I’m the Returning Officer in the Anambra state governorship election held on November 8, 2025.

“I also certify that the election was keenly contested and that a winner emerged as the candidate with the highest number of votes cast.

“I therefore declare that Soludo Charles Chukwuma of the APGA, having satisfied the requirements of the law has scored the highest number of votes, is hereby declared the winner and returned elected.”

Fubara’s Pothole Removal Drive Wins Road Safety Commendation

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The ongoing road maintenance works approved by His Excellency, Governor Siminalayi Fubara, to eliminate potholes across Port Harcourt’s major roads and streets continue to draw commendation for their quality and attention to detail. Fresh photos from the Rukpokwu Roundabout speak volumes, showcasing a standard of workmanship designed to prevent future deterioration rather than offer temporary fixes.

Although road users may encounter slight delays and brief inconveniences, these short-term sacrifices are necessary for safer, smoother and more durable road conditions.

Governor Fubara’s insistence on quality clearly demonstrates responsible leadership.

This commitment to safety comes at a crucial time. During the just-concluded National Town Hall Meeting and Ember Months Road Safety Campaign Flag-Off in Port Harcourt, themed “Take Responsibility for Your Safety; Stop Distracted Driving”, the Federal Road Safety Corps (FRSC) revealed alarming statistics: a total of 3,915 persons were killed in road crashes in 2025, compared to 3,811 in 2024 — an 11.55% rise in fatalities.

Owing to Governor Fubara’s proactive support to the Corps and his drive to improve road infrastructure, of which the current pothole eradication project is a part, the Corps Marshal of the FRSC, Shehu Mohammed, mni, during a courtesy visit to Government House, Port Harcourt, conferred on Governor Siminalayi Fubara, GSSRS, an investiture as Patron of the Special Marshals.

This recognition is not just from the Road Safety Corps but reflects the appreciation of Rivers people, thanking Gov. Fubara for prioritizing excellence, enforcing standards and championing safer roads.

Rivers people deserve the best and under Gov. Sim Fubara’s watch, they are getting it.

Increase Remuneration Of Medical Doctors – NARD Urges FG

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The National Association of Resident Doctors (NARD) has called on Federal Government to increase the remuneration of medical doctors in Nigeria, describing the current salary as very poor.
Dr Emmanuel Idoko, Chairman of NARD, University of Calabar Teaching Hospital, (UCTH) Chapter, disclosed this in an interview on Saturday in Calabar while reacting to the association’s ongoing NARD began its indefinite strike on November 1. to protest poor welfare, salary, and other issues.
Idoko also appealed to the government to implement the association’s pending 19 demands reached after a collective bargaining agreement with the federal government.

He recalled that the agreement between NARD and the Federal Government, first signed in 2009 and reviewed in 2014 and 2019, was yet to be implemented.

He urged the government to consider their request for the recruitment of more doctors to reduce workload, review the salary structure, reduction of call hours, and provision of modern hospital infrastructure.
Idoko said that the doctors’ requests also included the recognition and certification of doctors who had passed their part-one specialist examinations.
He added that the industrial action was aimed at soliciting government’s implementation of their 19 demands.
‘’Once we see realistic timelines, we will reconvene our National Executive Council (NEC) and review the situation,’’ Idoko said.

Poor Network Challenges Forces NYSC 2025 Batch ‘C’ Registration Extension Till Nov. 11

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The National Youth Service Corps (NYSC) has extended the registration period for the 2025 Batch ‘C’ Prospective Corps Members (PCMs) till midnight of November 11.

In a statement on Saturday in Abuja, the Director, Information and Public Relations, Caroline Embu, said the registration deadline was extended to enable Prospective Corps Members (PCMs) conclude registration.

She noted that the extension became necessary following difficulties faced by some PCMs in the ongoing registration for mobilisation.

Embu, however, said that the longer than usual time it was taking some PCMs to complete the registration was as a result of network issues.

She said “while management regrets the inconvenience this might have caused our valued PCMs, we wish to assure all that we are working round the clock to resolve the issues and ensure they enjoy seamless registration.”

RIVCHPP Lauds Fubara For Prioritising Health Workers Welfare, Expansion Of Universal Health Care

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Rivers State Contributory Health Protection Programme (RIVCHPP), the state health insurance agency, has lauded the stance of the state governor, Sir Siminialayi Fubara, in prioritising the welfare of health workers in the state and giving approval to steps that will increase universal health coverage of the state.

RIVCHPP’s position was made public in a statement by its Executive Secretary/ Chief Executive Officer, Dr. Vetty Rolegherighan Agala, in reaction to the recent meeting the Governor had with the leadership of the Association of Resident Doctors, Rivers State University Teaching Hospital .
It would be noted that at the said meeting, Sir Siminialayi Fubara gave far-reaching directives and approvals like the immediate implementation of skipping and accoutrement allowance for 2023, 2024, and 2025.
Some other decisions at the meeting were the payment of residency grants for medical doctors in Rivers State Government services, the promise to employ more health workers, improved healthcare delivery, and the approval of health insurance for health workers in Rivers State, among other health improving policies.
According to the statement by Dr. Agala, RIVCHPP is really overjoyed that despite the obstacles placed on the way of governance in the state, Governor Fubara has never been deterred from taking bold steps at improving the health of all Rivers residents, praying for him to continue to govern the state in ways that the universal health coverage of the state will greatly improve.
Dr. Agala then emphasised that the strategic move by Governor Fubara will ultimately motivate health workers and improve the quality of care, which is a key component of universal health coverage.

The Executive Secretary of RIVCHPP, Dr Vetty Agala, also used the medium to heartily congratulate the Commissioner for Health, Dr. Adaeze Chidinma Oreh, for always being proactive and giving positive leadership in all matters geared towards bettering the health of Rivers residents and ensuring that all health facilities are fully functional and well-equipped.

Dr. Agala pledged the total commitment of RIVCHPP towards the actualization of the administration’s #Health4All mantra, promising to do all within its mandate of achieving universal health coverage by providing financial risk protection for all Rivers residents, especially the vulnerable population.

FG, Air Peace Celebrate Arrival Of Dry Lease Boeing 737-NG

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Nigeria’s carrier, Air Peace, has celebrated the arrival of its landmark dry-lease Boeing 737-NG.

The arrival resulted from a partnership between Air Peace and AerCap, a leading aircraft leasing company.

The arrival is a major step in strengthening Nigeria’s aviation capacity and global competitiveness after almost 20 years.

The aircraft was unveiled by the Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN), at the General Aviation Terminal one on Friday in Lagos.

At the event, Keyamo described the development as historic for Nigeria’s aviation industry.

He said that it showed the confidence of global partners in the nation’s air transport sector and private operators such as Air Peace.

“This partnership between Air Peace and AerCap is a testament to the credibility and operational excellence our local carriers are gradually building.

“It shows that Nigerian airlines can attract the confidence of world-class institutions in the global aviation value chain,” Keyamo said.

He added that the ministry remained committed to supporting Nigerian airlines through improved regulatory frameworks, bilateral air services agreements and targeted fiscal incentives to ensure sustainability in aviation business.

The Chairman and Chief Executive Officer of Air Peace, Dr Allen Onyema, described the development as a ‘bold leap’ in Nigeria’s aviation story.

He said that the dry-lease partnership with AerCap would allow Air Peace to maintain ownership and operational control of its aircraft while benefitting from AerCap’s technical expertise and fleet management support.

“This is not just about fleet expansion; it is about positioning Nigeria to compete globally.

‘We are proud to be partnering with AerCap, the world’s leading aircraft lessor, in a deal that signals trust, transparency and long-term vision,” Onyema said.

He said that the partnership would also help Air Peace to optimise routes, enhance maintenance standards, and improve passenger experience, especially across the airline’s growing intercontinental network.

Dr Nneka Onyeali-Ikpe the Managing Director of Fidelity Bank Plc., which facilitated aspects of the financing structure, commended Air Peace for prudence and governance culture.

She was represented by tthe bank’s Executive Director, Risk Management, Mr Kevin Ugwuoke.

The managing director said that Nigerian banks were ready to support credible indigenous players scaling into the global market.

“This transaction demonstrates that when Nigerian businesses adopt international best practices, funding and partnership opportunities will naturally follow.

“Fidelity Bank is proud to have played a supporting role in enabling this milestone for Air Peace,” she said.

The Irish Ambassador to Nigeria, Mr Peter Ryan, described the collaboration as a bridge of trust between Nigeria and Ireland, given AerCap’s Irish origin and global leadership in aircraft leasing.

“Ireland is home to the world’s aircraft leasing industry, and today, we celebrate Nigeria joining that ecosystem in a meaningful way.

“This partnership will open doors for deeper technical and educational exchanges in aviation management and finance,” the ambassador said.

In his remarks, AerCap’s Vice President, Leasing, Mr Gas Wavomba, praised Air Peace’s operational record and commitment to compliance.

He said that AerCap’s decision to collaborate with the airline followed extensive due diligence and confidence in its leadership.

“Our collaboration with Air Peace reflects our confidence in Nigeria’s aviation market and the growing opportunities on the African continent.

“We are delighted to work with a carrier that shares our vision for safety, reliability and customer satisfaction,” he said.

The event was attended by officials of the Ministry of Aviation and Aerospace Development, representatives of the Nigerian Civil Aviation Authority, other industry stakeholders and members of the diplomatic community.

The Air Peace/AerCap partnership is coming at a time when Nigeria is intensifying efforts to attract foreign investment into the aviation sector and strengthen local capacity through public/private partnerships.

With the partnership, Air Peace is expected to expand its international footprint.

Renaissance Energy Spends $3m To Upgrade Rivers Technical College

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Renaissance Africa Energy Company has invested over three million US dollars in the ongoing upgrade of facilities at the Government Technical College (GTC), Okujagu, Port Harcourt.

Mr Olanrewaju Olawuyi, General Manager, Nigerian Content Development at Renaissance, disclosed this during a stakeholder meeting on the project in Port Harcourt on Friday.

Olawuyi said the initiative reflected the company’s strong commitment to advancing human capacity development and promoting technical education in Nigeria.

According to him, upon completion, the college would rank among the best technical institutions in Africa and compete favourably with its counterpart globally.

“We have already invested over 3 million USD in rebuilding the college, equipping it, and training staff, among other aspects.

“The project is still ongoing, and additional funds will be deployed to ensure its completion,” he said.

Olawuyi explained that the project, which is being implemented in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB), was structured into three phases.

The Atlantic Bell reports that the first phase involved upgrading facilities, including constructing new buildings and refurbishing existing ones such as the ICT centre and four workshops.

“The second phase focuses on equipping the college with the latest tools and technologies in the ICT centre and workshops,” he stated.

He added that the third phase prioritised sustainability through teacher training, student skill development, and establishing mechanisms that would enable the college to generate revenue for its operations.

“Our goal is to make the college self-sustaining through capacity development and financial independence.

“This stakeholder engagement is aimed at ensuring that all parties work together to achieve this objective,” he said.

On security, Olawuyi said Renaissance and NCDMB had begun engaging key stakeholders to ensure the protection of the project.

He said the engagement included consultations with community leaders, GTC management, faith-based organisations, and local business owners.

Emphasising that the project belongs to the public, he urged residents to take collective responsibility in protecting it against vandalism and theft.

“We are working with stakeholders to resolve issues such as encroachment on the fencing areas and to take responsibility for protecting the facility.

“Whether you are a native or resident of Rivers State, everyone has an equal stake in the college.

“So, if anyone observes vandalism or theft, they should report it to the police or the school board. We all must protect this project,” Olawuyi appealed.

In his remark, Mr Abayomi Bamidele, Director of Capacity Building Development at NCDMB, said that beyond its regulatory role in the oil and gas industry, the board was deeply involved in promoting educational development.

He noted that NCDMB collaborates with companies through its Human Capacity Development Initiative to enhance the socioeconomic development of their host communities.

“This is why projects like the Government Technical College upgrade are very important to NCDMB.

“We are passionate about supporting development in universities, vocational education centres, and both secondary and primary schools,” Bamidele said.

Also speaking, the Chairman of Port Harcourt Local Government Area, Mr Allwell Ihunda, assured Renaissance Energy of the local government’s full support to ensure the project’s successful completion.

He described education as a key driver of societal development, commending Renaissance for its investment in the state’s human capital.

According to him, the local government will work closely with Renaissance and NCDMB to address any security concerns relating to the project.

Ihunda also pledged to tackle the issue of encroachment on the college’s property and assured that all illegal structures around its perimeter fence would be demolished.

Climate Change: Nigeria Seeks Increased Global Financing To Restore, Protect Nature

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The federal government has implored the international community to significantly increase global financing to protect and restore nature’s economic value through predictable, equitable, and accessible funding mechanisms.
The Vice President, Sen. Kashim Shettima made the demand in Belem, Brazil,
at a high-level thematic session titled “Climate and Nature: Forests and Oceans.”

The event was held on the margins of the ongoing United Nations Climate Change Conference (COP 30).

According to him, since forests, landscapes, and oceans are shared resources that are outside the jurisdiction of any single nation, their protection requires global solidarity.

Shettima regretted that while nature is probably the most critical infrastructure in the world, it has long been treated as a commodity to exploit rather than an asset to invest in.
The vice president said “Nigeria is solidly driven by this knowledge to integrate nature-positive investments into its climate finance architecture.

“Through our National Carbon Market Framework and Climate Change Fund, we aim to mobilise up to three billion U.S. dollars annually in climate finance.

“These resources will be reinvested in community-led reforestation, blue carbon projects, and sustainable agriculture.

“We call on our global partners to recognise the economic value of nature and to channel significant finance towards protecting and restoring it through predictable, equitable, and accessible funding mechanisms.”

Shettima contended that the Global South countries that contributed least to this crisis are today paying its highest price.

He insisted that for climate justice to be seen as well served, nations that benefited more from centuries of extraction must now lead in restoration.

He, therefore, urged the global community to increase grant-based finance, operationalise Blue Carbon Markets, and implement debt-for-nature swaps to enable developing countries to invest in conservation.

“We urge the international community to scale up grant-based finance for nature-based solutions and implement debt-for-nature swaps that free developing countries to invest in conservation, operationalise Blue Carbon Markets under Article six of the Paris Agreement and strengthen community-led governance.”

He noted that such investment would enable indigenous people, farmers, and fisherfolk to get reward for their stewardship rather than displaced by it.
The vice president said countries that took their forests and oceans for granted had always paid dearly for it.

He explained that “it is the reason why Nigeria will boldly sit in the front row of any global forum where these twin determinants of ecological order are being discussed.

“We, too, are under siege. We see the signs of danger in deforestation, desertification, illegal mining, coastal erosion, and rising sea levels within our borders.
“The Sahara advances by nearly one kilometre each year, displacing communities and eroding livelihoods. Each piece of land these threats overcome invites conflict into human lives, compounding our development challenges.”
Shettima told the world leaders and other participants at the high-level session that Nigeria’s Climate Change Act 2021 enshrines nature-based solutions as legal obligations of the state.

He, however, said “the nation is taking bold, coordinated steps to restore balance between climate, nature and development.

“Our National Council on Climate Change provides the institutional backbone for integrating climate actions into all sectors of governance.

“We are implementing the Great Green Wall Initiative, reforesting degraded lands across 11 frontline states, planting over ten million trees and creating thousands of green jobs for our youths and women.

“Through our National Afforestation Programme and Forest Landscape Restoration Plan, we aim to restore more than two million hectares of degraded land by 2030.

“We have also launched our Marine and Blue Economy Policy to harness the vast potential of our seas sustainably — promoting climate-smart fisheries, coastal protection, and marine biodiversity conservation.”
Shettima reaffirmed Nigeria’s commitment to working with partners across the globe to advance global agenda where climate action becomes synonymous with nature restoration and human prosperity.

MEMAN Warns 15% Fuel Import Tariff May Increase Price Beyond N1,000

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Major Energy Marketers Association of Nigeria (MEMAN) has warned that the proposed 15 per cent import tariff on petrol and diesel could raise pump prices above N1,000 per litre.

Executive Secretary, MEMAN, Mr Clement Isong, said the tariff, if implemented, would have far-reaching effects on consumers, transporters and small businesses already battling inflation.

“We are deeply concerned that such a tariff could push petrol to nearly N1,000 per litre in Lagos and over N1,020 in inland cities,” he said.

He spoke during a joint webinar organised by MEMAN and S&P Global Commodity Insights on Friday in Lagos.

The webinar examined the policy’s implications on the downstream petroleum market.

According to him, diesel could rise to between N1,164 and N1,194 per litre depending on marketing margins, which would drive up logistics costs and eventually reflect in food prices.

Isong described the proposed policy as “potentially regressive,” warning that it could deepen hardship if not matched with measures to protect the poor.

“Low-income earners and small business operators will feel the immediate impact,” he said.

He urged the Federal Government to ensure transparency and accountability in fuel pricing.

“Government should publish open-market price computations and end-user prices regularly so that Nigerians can see what drives pump costs,” he said.

Explaining the economics behind the policy, Isong noted that while the tariff was designed to help local refiners recover costs and compete globally, it would also increase the landed cost of imported fuel.

“Ultimately, importers will pass these additional costs to consumers,” he said.

He warned that such cost transfer could destabilise the market.

“If prices rise sharply, smaller importers may be squeezed out, leaving only a few dominant players,” he said.

Isong, therefore, called for strong regulatory oversight.

“The Nigerian Midstream and Downstream Petroleum Regulatory Authority must be vigilant to ensure fair competition and nationwide product availability,” he said.

He proposed alternatives that could achieve the same policy goals without hurting consumers.

“Government can adopt a phased or conditional tariff tied to verified increases in domestic refining capacity,” he said.

Isong also recommended tariff caps to cushion impact.

“A fixed cap of N50 per litre or $20 per metric tonne could limit the burden on ordinary Nigerians,” he said.

He emphasised the need for market transparency.

“A competitive framework with standardised pricing and regular publication of international and local refining benchmarks will promote fairness,” he said.

The MEMAN boss further urged reforms in border and customs operations.

“Enhanced anti-smuggling measures and tighter customs checks will prevent tariff evasion and protect local investments,” he said.

Isong added that proactive exchange rate management could serve as natural protection for local refiners.

“An undervalued Naira can make imports more expensive and domestic production more attractive,” he explained.

Also, S&P Global analysts, Mr Dumdisi Awanen and Ms Tanya Stepanova, said that “Nigeria must balance refinery protection with competition to ensure stable fuel prices and a sustainable energy market.”

Meanwhile, S&P Global Commodity Insights analysts, Mr Dumdisi Awanen and Tanya Stepanova, presented a paper titled “Navigating Transformation: Lessons from Global Markets for Nigeria’s Energy Future”.

Their analysis showed that Nigeria remains a pioneer in fuel market liberalisation in Africa but still requires strong regulatory oversight to ensure fair competition and prevent monopolies.

Using case studies from Ghana, Zambia, Morocco, and South Africa, the report highlighted how excessive protectionist policies can distort markets, while transparent regulation and open-access systems promote competition and price stability.

In Ghana, for instance, the National Petroleum Authority (NPA) sets indicative maximum and minimum pump prices to protect consumers while allowing fair margins for marketers.

“Zambia’s open-access TAZAMA pipeline system, introduced in 2025, has also helped lower diesel prices by encouraging competition among transporters.

The S&P Global team emphasised that striking the right balance between supporting Nigeria’s emerging refining sector, led by the Dangote Refinery and others, and maintaining market competition would be crucial for sustainable energy development.

According to them, while Dangote’s ex-refinery prices are currently lower than import parity prices when logistics are considered, continued transparency and fair regulation are needed to prevent market dominance and ensure that liberalisation benefits all stakeholders.