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Trump’s policies disturbing Nigeria’s market – FG cries out

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The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has cried out over the adverse impact of U.S. foreign policy decisions particularly those attributed to former President Donald Trump on Nigeria’s oil-dependent economy.

Speaking during a Meet-the-Press session organized by the Presidential Communications Team at the Aso Rock Villa, Abuja, Ahmed noted that the unpredictable nature of global oil markets, combined with domestic production issues, is creating serious revenue challenges for Nigeria.

Ahmed pointed out that while falling prices of petroleum products may appear beneficial to Nigerian consumers in the short term, the broader consequences for the country’s economic health are grave.

“As consumers, lower pump prices seem like a relief. But for a nation that depends significantly on crude oil exports for foreign exchange earnings, this is a serious concern. Our revenue inflows are taking a hit,” he said.

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Ahmed specifically blamed policy instability from the United States, singling out erratic decisions made under the leadership of President Donald Trump as a contributing factor to the ongoing market volatility.

“What’s destabilizing the global market even more are the inconsistencies in U.S. policies,” Ahmed stated. “President Trump has shown a pattern of announcing one policy direction today, only to reverse it tomorrow. This unpredictability makes it nearly impossible to forecast where the market is headed.”

He cited a sharp price drop from $73 to $60 per barrel within a single trading day as an example of how vulnerable Nigeria’s oil revenues are to global market swings influenced by U.S. actions.

Ahmed further explained that Trump’s aggressive trade measures including tariff wars with China and threats of duties on other major economies have disrupted global trade flows and weakened investor confidence. These actions, often sudden and without clear long-term strategy, have negatively affected crude oil pricing by injecting uncertainty into the global market.

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“Traders and investors are reacting with caution. Many are engaging in day-to-day trades without long-term commitments due to fears that the next American policy could dramatically alter the market again,” he said.

Domestic Challenges Worsening the Situation
While international policies play a significant role in destabilizing the market, Ahmed also pointed to homegrown challenges. Issues like pipeline vandalism, oil theft, and declining production capacity are deepening the crisis.

Recent data from the Organization of Petroleum Exporting Countries (OPEC) shows that Nigeria’s oil output has declined to around 1.4 million barrels per day well below its potential and its OPEC production quota.

“These are not just numbers, they translate directly to reduced national income. When global prices fall and domestic output also drops, it’s a double blow to our economy,” Ahmed said.

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Strategic Response and Future Outlook
Ahmed reiterated the need for Nigeria to take strategic steps to insulate its economy from external shocks. While short-term solutions may include strengthening local refining capacity and increasing gas utilization, he emphasized the importance of diversifying the economy beyond oil.

“Our long-term security lies in building a robust non-oil sector, expanding domestic refining, and investing in gas infrastructure,” he said.

As the global oil market remains volatile, the NMDPRA chief urged Nigerian policymakers to prepare for continued uncertainty. He also called for closer coordination with global partners and more stable trade and investment environments.

“Ultimately, Nigeria must reposition itself to adapt swiftly to global trends while minimizing the risks associated with dependency on oil exports,” Ahmed concluded.

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No group can impose strange laws on Plateau residents – PVD

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The Plateau Vanguard for Democracy has declared its support for Governor Caleb Mutfwang’s directive stopping the activities of a purported Hisbah enforcement group operating in parts of Jos North Local Government Area.

In a statement issued by its National Coordinator, Chris Ishaku, the group said no private organisation had the constitutional authority to intimidate residents, enforce unauthorised rules or impose sanctions outside Nigeria’s established legal system.

The directive followed reports that persons associated with the group had allegedly harassed, intimidated and extorted residents while attempting to compel them to comply with rules not recognised by Plateau State law.

Ishaku described the governor’s intervention as a necessary defence of public order, individual liberty and the equal protection of all residents, irrespective of their religious, ethnic or community affiliations.

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“Plateau State belongs equally to all its citizens. No private organisation may appoint itself a police force, court or government and impose sanctions unknown to the Constitution and laws of the state,” he said.

He stressed that support for the directive should not be interpreted as opposition to any religion or community, but as an affirmation that Plateau State has one Constitution, one legal system and one legitimate authority.

The organisation urged religious, traditional, political and community leaders to discourage their followers from participating in unlawful enforcement activities. It advised residents with complaints about the conduct of others to report such matters to the police or other legally constituted agencies.

Ishaku also welcomed the governor’s instruction directing security agencies to identify and investigate those allegedly involved.

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He nevertheless called on the agencies to act professionally, respect due process and avoid subjecting innocent residents to collective suspicion.

“Anyone found sponsoring, aiding or carrying out unlawful acts should be prosecuted, while innocent residents must be protected,” he said.

“Peace cannot survive where competing groups create competing laws. Plateau’s diversity must be governed by justice, tolerance and one constitutional order.”

The allegations against the purported group have not been independently established, and no response from its alleged members was included in the statement.

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Borno Commissioner Vows To Cut Off Fingers Of Those Who Vote Against APC

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Saina Buba, the Borno State Commissioner for Youth and Sports Development, has threatened political opponents with physical harm if they fail to support the ruling All Progressives Congress (APC).

Buba made the remark during a campaign inauguration event organised by the Tinubu City Boy Movement, a political support organisation campaigning for President Bola Tinubu’s administration and his anticipated 2027 re-election bid.

Addressing the crowd, the commissioner warned that anyone who opposed the APC by raising a finger against the party would have the same finger cut off.

He said those who challenged the party would have their fingers broken, stressing that the warning was part of the political contest.

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Buba also warned that government benefits would be used to favour supporters of the administration while those who refused to support it could face punitive treatment.

The commissioner said those who supported the government would enjoy its benefits, while those who rejected it would face the consequences.

Buba’s comments have sparked outrage.

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APM, ADC Group Demand Release Of FBI Record On Tinubu

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The Grassroots Mobilisation Network (GMN), a support group of the African Democratic Congress (ADC), on Sunday called on President Bola Tinubu to break his silence over alleged references to him in narcotics-related documents reportedly submitted by the United States FBI before the District Court for the District of Columbia, or resign from office.

The group, in a statement by its spokesperson, Mr Peter Emeka, expressed concern over what it described as the continued silence of the Presidency, arguing that Nigerians deserve clarity on an issue that, in its view, has implications for the country’s international reputation.

Pressing for a US response, the APM National Publicity Secretary, Abubakar, said the sustained efforts by the Tinubu Presidency to block the release of the report to the public heightened suspicion of guilt and desperation for a cover-up.

“The APM urges the United States authorities to note that withholding such information is of enormous harm to Nigeria’s security, national integrity and democratic growth.

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“The United States, being a leading democracy in the world, should at all times be seen to facilitate the consolidation of democracy and transparency in the international fight against drug trafficking and corruption.

“The drug and other ancillary allegations against President Tinubu, who is a major contender in the 2027 presidential election, constitute a global issue which continues to harm Nigeria’s reputation among the comity of nations.

“This is especially as the public is already aware of the 1993 $460,000 forfeiture judgment against accounts traced to Tinubu by the US District Court for the Northern District of Illinois following an investigation into drug-related transactions.

“The effect of the $460,000 forfeiture judgment is that, by virtue of Section 137 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), President Tinubu remains ineligible for election in Nigeria. Moreover, Nigeria is a signatory to international conventions on drugs and money laundering.”

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The APM urged the “United States authorities to assist Nigerians in their decision to elect a leader with clean records and not an individual encumbered by drug-related allegations and corruption cases.”

On its part, the spokesman for the Grassroots Mobilisation Network (GMN), Mr Peter Emeka, said, “We call on President Tinubu to come out clean and speak to the nation over the ongoing litigation in America.”

He also criticised Nigeria’s law enforcement and intelligence agencies, accusing them of failing to adequately investigate or respond to the allegations and documents circulating in the public domain.

“Our system has failed for the fact that they were unable to detect all these embarrassing documents being paraded against the President, which are now the subject of litigation in a far-away country,” Emeka stated.

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“Our intelligence agencies saddled with the responsibility of investigation and various checks have all failed,” he added.

According to the group, the continued silence from the Presidency is becoming increasingly disturbing and has the potential to deepen public suspicion.

“If the President continues to remain mute, he should quietly resign to save the nation from the ongoing global embarrassment,” Emeka said.

In a related development, the GMN has demanded greater transparency regarding President Tinubu’s reported three-week vacation in Europe.

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The group said that, given the prevailing mood in the country and the controversy surrounding the narcotics-related allegations, the Presidency should provide Nigerians with adequate information about the President’s itinerary and engagements while away.

“The prevailing mood of the country requires the Presidency to make a full disclosure of President Tinubu’s movements,” the group said.

The GMN maintained that greater transparency would help dispel speculation, reassure Nigerians and protect the country’s image and standing in the international community.

The group urged the Presidency to address the issues directly rather than allow speculation and unanswered questions to dominate public discourse.

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