Finance & Business
Now that the President is back
A few hours before the nocturnal arrival of our Òrò husband back to Nigeria, the NNPCL announced that it bought a litre of petrol from the expected ‘saviour’, Dangote Refinery, at N898/litre. That means the NNPCL will sell between N950 and N1,120/litre. The independent marketers will, no doubt, up the stakes and sell at N1,600 or more.

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By Suyi Ayodele
You could not have noticed that President Bola Ahmed Tinubu came into the country on Sunday because he breezed in at night. Nigerians should be happy that our husband is back. We don’t deserve any explanation about how our husband, who told us he was going to China, ended up in the United Kingdom (UK). That is what a woman who married an Òrò, the nocturnal spirit of darkness gets. Òrò walks only at night; it tells no other spirits its movement. Not even members of his household.
Kollington Ayinla, Fuji lord, once sang about an adulterous woman. The woman, the musician sang, bade the husband goodbye on a trip to Kwara, but was spotted in Abeokuta; when she said she was going to Kano, she ended up at Ita Faji in Lagos. Yet she says she does not tell lies! Elders of our land say a woman who gets married to a socialite must add patience and perseverance to her virtues. We welcome back Mr President from the land of the unknown, where he conducted unknown businesses on our behalf.
Before our husband departed to China and surfaced in the UK, he approved a minimum wage of N70,000 a month for workers. That was when petrol was sold for between N700 and N750 a litre. But while away, the ones he left to tend to us increased fuel price to N868/litre. That was for the government-controlled NNPCL retail outlets. Other players in the market, especially the ubiquitous independent marketers, sold the products at N1,200. That is an average difference of N500 per litre, depending on the location. A few hours before the nocturnal arrival of our Òrò husband back to Nigeria, the NNPCL announced that it bought a litre of petrol from the expected ‘saviour’, Dangote Refinery, at N898/litre. That means the NNPCL will sell between N950 and N1,120/litre. The independent marketers will, no doubt, up the stakes and sell at N1,600 or more. Mr President’s new minimum wage is no longer relevant. The take-home pay can no longer take anyone home. Now that the President is back, he must do something.
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Before President Tinubu left for China, he set the tone for another layer of suffering for Nigerians. A litre of fuel he met at N198 when he took over on May 29, 2023, suddenly jumped to N896 at the NNPCL mega-filling stations across the country. Other marketers started selling at between N1,000 and N1,200 per litre in some states. In many other states, the price was higher than that. We had no option. We groaned under the big phallus of our husband, and we moved on.
Expectedly, Aso Rock Villa gave the usual explanation. The Presidency did not ask NNPCL to sell fuel at the new price. NNPCL replied that market forces determined the new price. Helpless and hapless Nigerians were left in the middle of two lying institutions. Nigerians know that it was not a spirit that gave the order. But nobody owned up. Nobody has ever owned up to anything in Nigeria. We are a country on autopilot. Anything goes here, just as our resilience increases anytime the bitter pill is shoved down our throats. We swallowed them without complaints, and we waited for the next mistreatment. Lucky rulers and ruiners they are. I mean those who superintend our affairs. They get away with many things.
Coincidentally, as our husband arrived from an unknown journey, the government decided to divert our attention. The handlers of Tinubu are experts in perfidy and diversionary tactics. They know some stubborn wives in the federation might want to ask how President Tinubu ended up shaking hands with King Charles III of England when we all held corporate prayers for his safe trip to China. They threw something new at us all.
The media became culpable this time around. Everywhere we turned, we were assailed by the news of NNPCL sending hundreds of trucks to load fuel from the Dangote Refinery. An incurable Tinubu apologist who had the temerity to send the video of the trucks loading the products at the Dangote Refinery to me has since not picked up my calls. His shame, I can understand. Hardly had he sent the video, in a celebratory mood, with the did-we-not-tell-you victory signature, than the show of shame between the NNPCL and Dangote began.
Nothing has been done in a transparent manner in this 16-month-old government of Tinubu. Since the day Dangote announced the readiness of its refinery, there has been one tale of mistrust, denial, and inefficiency between the refinery and the NNPCL. Nobody can say exactly the volume of crude oil the NNPCL has ‘sold’ to the Dangote Refinery. Nobody knows how much the nation has made from the transaction. We cannot say if we are running at a loss, or if we have made any gain. At a time, we were all about to shout, Eureka, the price of fuel went rooftop. Now, the controversy is how much Dangote Refinery sold the lifted products to the NNPCL. The confusion is so great that nobody remembered to ask Tinubu what he went to the UK to do or what he brought us from the trip when the president sneaked into the country like the proverbial Òrò.
The NNPC, through its spokesman, Olufemi Soneye, said it bought a litre of fuel from the Dangote Refinery at N898. The implication is that the corporation will not sell below the cost price. If we all go by that calculation, the NNPCL retail outlets will sell a litre at about N1,100, or more. The independent marketers and other fellow shylocks in the industry, who had before the N898/litre lifting price, been selling between N1,200 to N1,400/litre, will increase the price to between N1,500 to N1,600, depending on the location. The singular implication is more pain for the masses who will have to bear the brunt of the inefficiency of those we elected, or who elected themselves, to be rulers and ruiners over us.
The way and manner NNPCL announced the new cost price from the Dangote Refinery shows only one thing: shamelessness! How on earth did we get to this level that nobody in government has any modicum of decency? Should there be any controversy over a matter of this nature when the NNPCL has four refineries: two in Port Harcourt, one in Warri and another one in Kaduna? Who should be talking about buying from the other? Yet Soneye and the Corporation he speaks for are gloating over the fact that the Dangote Refinery is not being truthful about its selling price when the refinery put a lie to the NNPCL claim of N898/litre cost price.
The Dangote Refinery’s communications man, Anthony Chiejina, hours after the NNPCL announced the N898/litre cost price slammed the Corporation, describing the claim as “both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedevilled the economy in the past 50 years.” The refinery went ahead to ask Nigerians “to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars.” It reminded the hapless people that the refinery “sold the products to NNPCL in dollars with a lot of savings against what they are currently importing. With this action, there will be petrol in every local government area of the country, regardless of their remote nature.” So, Chiejina and his Dangote Refinery expected us to clap for them with this statement?
Why is a simple matter of documentation becoming like the proverbial Akara which turns to bones in the mouth of the toothless man? If Dangote Refinery knew that it did not sell the products to the NNPCL at the claimed price of N898/litre, why can’t the company disclose how much it sold the products? Why should we wait for October 1, the almighty day of President Tinubu before Nigerians will know how much it costs the government to lift the much-desired products from the Dangote Refinery? Dangote Refinery said in its rebuttal that the NNPCL made “a lot of savings against what they are currently importing”, and we ask: how much, precisely? What is the Dangote Refinery hiding, such that it cannot put the controversy to rest by coming out clean with the actual cost price? If the notorious Adajoowu (unjust judge) were to adjudicate over this controversy, who would he pronounce as truthful? The NNPCL has said and reiterated that it had documents to back its claim that it bought the products at N898/litre. Where are the documents? All the Dangote Refinery is expected to do is to say, “No, we sold to you at XYZ naira”, end of story!
But should we blame Dangote and his refinery? When has the Dangote Group ever acted in the interest of the Nigerian masses? From its forays in the consumable/edible markets to cement and now to petroleum, Dangote has only thrived whenever a monopoly is involved! The man has no capacity to play where other stakeholders can also hold their ground. That is why since the commencement of this latest venture, the Dangote Refinery, there has only been one controversy or the other. The endpoint is for Dangote to be the only fish in the ocean for fuel sales and distribution in the country. Our support for the refinery is just to ensure that the huge investment does not die off for the sake of those who earn their living from it. We knew long ago that no matter how one decorates the hog, its natural place is the mud.
I recall that on this page, on July 30, 2024, under the title: “Dangote Refinery: Blind man and his yam scrapers”, I wrote extensively about this Dangote-NNPCL shame. The Nigerian Tribune, in its Editorial of July 29, 2024, titled: “Dangote Refinery Issue”, also cautioned both the government and the refinery. But it appears that like the incorrigible Monkeys of the Pampas of Argentina, neither party has learnt nor forgotten anything. But that is not shocking to some of us. The truth about what is happening between the Dangote Refinery and the NNPCL is yet to be revealed. My inner mind tells me that it is deeper than what we are reading in the media, or we see happening. I believe so much that something messy is going on given that against all wise counsel, the NNPCL decided to sell our crude oil to the refinery in Naira when everything it put in place to get the crude oil is paid for in Dollars!
More intriguing is that amid all the issues confronting us, President Tinubu still finds it difficult to stay in the country and face the job he elected to do. This attitude of the president to our common calamity is what the Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, said in his last week’s open letter to Tinubu, “is becoming indifferent, insensitive and unresponsive to the plights of millions of Nigerians who can no longer meet their daily needs.” The Yoruba generalissimo said of the NNPCL debacle on fuel price and the untold hardship it has visited on Nigerians as the handiwork of “the perverted, opaque, unintelligible, wicked, and corrupt handling of the petroleum sector.” He warned the president that the situation would not continue without a reaction from the people, as “using propaganda, power of coercion, and rough tactics to oppress Nigerians” would not last long.
I cannot agree less with the Aare Ona Kakanfo. The thrust of the open letter, in my understanding, is that Tinubu has not represented those who believed in him, and he should redeem his image. If the Aare Ona Kakanfo did not tell the President, it is not from my mouth that you will hear that the nation, under the watch of President Tinubu, has been taken over by blood-sucking demons, the worst of vampires, who have sucked us so badly that we have become anaemic. Just as Iba Gani Adams asked if President Tinubu thinks his foreign “counterparts treat their citizens the way you are treating Nigerians?” I wish that now that the president is back, and before he embarks on the next foreign trip, he should look at the issues that will make life seemingly comfortable for Nigerians and avoid a situation where all his “campaign promises have suddenly become failed promises,” like the Yoruba generalissimo pointed out.
This is my passionate appeal to the President. President Tinubu must save Nigerians from the Dangote Refinery and the NNPCL. The president must save us, especially our brothers and sisters in the North from bandits. While away, thousands of our compatriots in Maiduguri, Borno State, were rendered homeless by a collapsed dam. Many other dams are in the same condition as the Alau Dam which wreaked untold havoc in Borno State. Now that the President is back, he must save us from collapsing dams; they are all over the place. What about the unending construction of bad roads in the hinterland such as the Ibadan-Ife Road; and Sagamu-Benin Roads? He should complete the Lagos-Ibadan Expressway and many others in the same terrible state across the country.
And most importantly, now that the President is back, he should amend the Minimum Wage Act and get the National Assembly to pass it immediately – the NA has the reputation of passing bills in under 20 minutes and he should sign the new Minimum Wage Act to the law immediately and pay immediately. The old rate of N70,000 was based on the old price of N700/litre. Now that the falcon can no longer hear the falconer, before things fall apart for everybody, the president should act and save the masses.
Christian Wealth Principles
6 Biblical Money Foundations That Unlock Financial Freedom – What the Bible Really Says About Wealth
You will learn about Godly wealth principles and Christian money tips. It covers managing money, financial freedom and you will also explore Biblical investing, and blessings.

Introduction
Is money evil? Should Christians be rich? What does the Bible really say about wealth?
Many believers struggle with finances due to mixed messages. But Scripture provides clear wisdom about money management. In this post, discover 6 Biblical money foundations that help you enjoy wealth without guilt and handle finances God’s way. This will help you in Faith and finances. You will learn about Godly wealth principles and Christian money tips. It covers managing money God’s way as well as spiritual and financial freedom. You will also explore Biblical investing, tithing, and blessings.
Watch the full video breakdown on our Faith & Fortune Finance YouTube channel [embedded below].
___________________
1. God Owns Everything—We Are Just Stewards
Psalm 24:1 – “The earth is the Lord’s, and everything in it.”
God owns it all—your money, house, gifts, even your ideas.
You’re not the owner. You’re the steward.
Action Steps:
- Shift from ownership to stewardship
- Ask God how to manage what He’s entrusted to you
- Use wealth to glorify God, not just yourself
Quote:
“When we see money as God’s, we handle it differently—with purpose, peace, and power.”
2. Diligence and Hard Work Bring Prosperity
Proverbs 10:4 – “Lazy hands make for poverty, but diligent hands bring wealth.”
Financial laziness is mental, physical, and spiritual.
Avoid laziness in planning, learning, and building wealth.
Example: Oprah Winfrey built a global empire through diligence—not luck.
Biblical Application: Psalms 1:3 – “Whatever he does prospers.”
Faith + Action = Prosperity
Action Steps:
- Show up early. Learn. Network. Execute.
- Serve God in your work, not just in church.
- Work is worship when done with purpose.
3. Avoid Debt and Live Within Your Means
Proverbs 22:7 – “The borrower is slave to the lender.”
Debt leads to anxiety, stress, and missed opportunities.
God’s people are called to financial freedom.
Real-World Example:
Chris Hogan teaches the power of debt-free living in Everyday Millionaires. These everyday millionaires became wealthy by saving. They also budget carefully and avoid debt.
Action Steps:
- Budget with a plan, not emotion
- Buy only what you can afford
- Practice the “banana principle”: Don’t chase what’s ripe today but rotten tomorrow.
4. Tithing and Generosity Invite God’s Blessing
Malachi 3:10 – “Bring the whole tithe… see if I will not throw open the floodgates of heaven.”
Generosity invites God into your finances.
Real-World Example:
Bill Gates’ philanthropy helped eradicate diseases and feed nations. He gave to bless, and the blessing multiplied.
Action Steps:
- Tithe as an act of faith
- Give beyond money—give time, wisdom, love
- Be a blessing to others
5. Invest and Multiply What God Gives You
Matthew 25:14–30 – Parable of the Talents
God expects you to grow what He gives you. Don’t bury your potential.
Real-World Examples:
- Warren Buffet invests long-term with wisdom and restraint
- Ray Dalio succeeds through planning, research, and principles
Action Steps:
- Start small—just start
- Learn to invest: stocks, skills, businesses
- Multiply resources for Kingdom impact
6. Practice Contentment—Avoid the Love of Money
1 Timothy 6:10 – “The love of money is the root of all evil.”
Wealth is a tool, not a goal.
Real-World Example:
Dave Ramsey lives and teaches contentment after rebounding from financial failure. He preaches peace over pressure.
Action Steps:
- Be content with what you have
- Avoid comparison and consumerism
- Focus on eternal rewards over earthly riches
🎯 How to Apply These Biblical Money Foundations Today
✅ Recognize that God owns everything
✅ Be diligent and hardworking
✅ Avoid debt and impulse purchases
✅ Tithe and give generously
✅ Invest wisely
✅ Practice contentment daily
Watch Full Teaching on YouTube
👇Watch this full video breakdown with real-life case studies and extra teaching only on Faith & Fortune Finance:
Conclusion
God’s financial principles aren’t just spiritual—they’re practical. Apply them and you’ll see peace, purpose, and prosperity flow into every area of your life.
Finance & Business
As Nigerians Battle Pains Of Soaring Petrol Price
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy.

BY IFEANYI MOGBOLU
The Daily Times-The latest fuel price hike in Nigeria is beyond frustrating. Every time we think it can’t get worse, it does, and yet again, ordinary Nigerians bear the brunt of it.
It’s like a never-ending cycle, where the government’s promises of reforms or stabilisation always end up as empty rhetoric. The cost of living is already sky-high, and now, with fuel prices rising again, transport fares, food prices, and basic commodities are bound to follow suit.
It’s enraging because it doesn’t feel like anyone is truly considering the everyday citizen who is struggling just to survive.
This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy. The subsidies are gone, and now we’re left in a situation where the prices of everything keep climbing, while salaries remain stagnant or non-existent for many.
The disparity between the elites and the masses is growing, and it feels like nobody in power truly cares about the suffering of the people.
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The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground.
It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum. The state of living is unbearable, and the lack of empathy or real action from those in power only adds salt to the wound.
There’s a deep sense of anger and betrayal that comes with seeing your country’s wealth mismanaged, while the people continue to suffer. It’s hard not to feel like we are constantly being taken for granted, pushed further into hardship without any hope of relief. Something has to give, because this state of affairs is unsustainable.
QUOTE:
The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground. It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum.
Finance & Business
Nigeria To Receive $5.600,000 From Bill Gates, For Health And Agricultural Reforms, GMOs
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.

Bill and Melinda Gates Foundation is giving Nigeria through Vice President Kashim Shettima, a $5.600,000 funds to speedy up health and agricultural reforms in favour of the GMOs in Nigeria, and flood relief.
Through the Foundation’s head of Global Development Programme, Dr Christopher Elias, Bill Gates pledged $5 million grant approved for Lagos Business School and partners to develop the agricultural economics they called “industrial cassava” and $600,000 for flood relief in Borno State and other health sector initiatives.
Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.
Recall that on 4 September, Bill Gates had described the Nigeria’s economy as “stagnated” and proposed agricultural reforms for faster and increased growths in crops, fruits, vegetables amongst others to enhance nutritional values of the Nigerian citizens through the agricultural sector.
In that meeting Chaired by Vice President Kashim Shettima, Bill gates urged Nigeria to adopt “innovative crop varieties with shorter growing periods, higher yields, and better pest resistance” pointing to the GMOs to address the food crisis.
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Moreover, at the 79th UN General Assembly in New York, VP Shettima reaffirmed to the Bill and Melinda Gates Foundation, the commitment of the administration of President Bola Ahmed Tinubu prioritizing health, nutrition, and agricultural development in Nigeria’s national agenda.
In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “we are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis”.
He emphasised the Federal Government’s dedication and urgently working to secure locations for maize production under the Telemaze programme.
VP Shettima, promising swift action to the Gate’s Foundation on import permits for certified seeds, the VP said, “We recognize the critical importance of food security and industrial agricultural development. The Cassava Accelerator programme, in particular, holds immense potential for our economy.
“We are pursuing a whole-of-government approach to digitisation and data exchange systems, which we believe will revolutionise our public services,” he added while reiterating the government’s focus and commitment to digital transformation.
“With the expertise” of Nigeria’s ministers, “and the continued support of partners like the Gates Foundation,” the nation remains confident in its “ability to drive meaningful change and improve the lives of all Nigerians.”
In his response, President of the Global Development Programme at the Gates Foundation, Dr. Christopher Elias, said the Foundation is burdened with worries of the severe flooding in Borno, and is “committed to supporting Nigeria in times of crisis.”
Speaking of Polio, the Foundation said, “We’re impressed by the national task force’s efforts to eliminate variant polioviruses by year-end,” Dr. Elias noted.
Also, President of Global Growth & Opportunity Division at the Bill & Melinda Gates Foundation, Rodger Voorhies, detailed plans for scaling up drought-tolerant maize production and advancing the Nigeria Cassava Investment Accelerator programme emphasizing that a $5 million grant has been approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava.
In his words, “Industrial cassava presents a multi-billion-dollar opportunity for Nigeria,” Voorhees stressed.
He requested import permits for 5,000 metric tons of certified GMO maize seed to build a foundation seed system in Nigeria.
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