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Nigerian Airlines have increased their Fares as the cost of Aviation Fuel Rises to N420 per litre.

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By Derrick Bangura.

Less than ten days after domestic airlines complained that oil marketers had raised the price of Jet A1 (aviation fuel) to N400 per litre, the product’s price has risen to N420 in Lagos and N450 at other airports outside Lagos and Abuja.
Domestic airlines have responded by raising base fares to almost N50,000 each flight.

The price of aviation fuel jumped to N420 per litre on Sunday, up from N400 per litre on Thursday, without prior notification to airlines, according to THISDAY.
However, depending on the location where the airport is located, the price ranges from N420 and N450 per litre, particularly in the northern portion of the country, where the price is expected to soar to N500 per litre in the coming days.

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THISDAY has also learned that the pricing is currently determined by the naira’s exchange rate versus the dollar, at least until the country begins to refine the product locally.

“A litre of fuel costs N420 in Lagos today (Sunday), while it costs between N430 and N450 in certain northern states. Because aviation fuel is in short supply in the country, the price of the product may rise.
“About three weeks ago, the product was sparse in all of the country’s airports, which contributed to some of the flight delays we were experiencing at the time.” “The government must intervene before the issue spirals out of control,” a source told THISDAY.
A spokesman for one of the main domestic airlines told THISDAY that the new fares were a response to the rise in the price of aviation fuel, the rise in the cost of handling rates by aviation handling businesses, and the change in the currency rate.
The official claimed that airlines needed to raise fares to stay afloat, claiming that if they didn’t, most of them would cease operations within the next three months and that until now, airlines have been subsidizing the base fare.

“We raised fares in response to rising aviation fuel costs, which are increasing every day without warning to carriers.” We sell tickets for less money, but we fly people using the new aviation fuel prices, which means we’re losing a lot of money. Many of us will not last three months if we do not raise rates.” We’re dealing with a lack of infrastructure, currency depreciation, high aviation fuel prices, and a rise in the cost of handling by aircraft handling businesses. Will you sell at the same price if you go to the market to buy to resale and discover that prices have suddenly gone up? No! We’re all feeling the pressure financially.
“We should place the blame where it belongs, which is on forex and aviation fuel, which is the primary cause of the increase,” the official stated.
However, in response to the increased fares by airlines, Capt Ado Sanusi, the former CEO of Aero Contractors and the former Managing Director of the Nigerian Airspace Management Agency (NAMA), condemned the decision of Airline Operators of Nigeria (AON) to increase fares, claiming that such a decision was contrary to the free market and anti-trust laws.

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“I am not opposed to airfare increases in response to rising operating costs and the price of aviation fuel, but AON cannot come out and set ticket pricing.” That is against the law as well as the free market.
“Each airline should consider its own costs while setting prices. Because airlines have various financing models and should establish their own fares, when fares are fixed, some airlines will be badly impacted and may go out of business,” he said.
However, another official for one of the airlines told THISDAY that AON did not set pricing for the airlines; rather, each airline, recognizing its financial issues, decided to raise fares, revealing that not every airline set its base fare at N50, 000.
A top AON official also told THISDAY that he was unaware that the organization controlled airline fares, emphasizing that airlines set their own fares.
According to the operators, aviation fuel accounts for 35 to 40% of total airline costs, and some stakeholders are afraid that if the difficulties in the sub-sector are not addressed quickly, some operators may be compelled to shut down operations.
Dr. Obiora Okonkwo, Chairman of United Nigeria Airlines (UNA), raised the alarm about the price of aviation fuel rising by more than 100 percent in the last year around two weeks ago.

He had also stated that the currency rate had declined from N340 to N570 to a dollar during the same period, highlighting the importance of the government monitoring the industry’s progress in order to avoid collapse.

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Headlines

NNPC Foundation Trains Over 3,000 Southwest Farmers in Climate-Smart Agriculture

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In a bid to promote food security and sustainable agricultural practices, the NNPC Foundation has successfully trained more than 3,000 farmers in the South-West geopolitical zone on climate-smart and modern farming techniques.

The training, which concluded on Friday in Ikorodu, Lagos, marked the end of the Southwest phase of the foundation’s pilot programme aimed at empowering local farmers and boosting agro-productivity.

Speaking at the closing ceremony, Managing Director of the NNPC Foundation, Mrs. Emmanuella Arukwe, described the initiative as a milestone in the lives of thousands of farmers.

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“Today marks the formal conclusion of the first phase of a national journey that speaks to resilience, food security, and economic empowerment,” Arukwe said.
“What began as a bold decision to support small holder farmers has translated into tangible action across three geopolitical zones (South-East, South-South, and South-West) in Southern Nigeria.”

She disclosed that a total of 3,860 vulnerable farmers across 10 locations in the three regions were trained in sustainable farming practices that improve productivity and market access.

“This achievement is not just a number, but a milestone in the lives of real people and real communities. We were able to strengthen farmers’ capacity to adapt to climate change,” she added.
“Through the training, we were able to improve access to markets, promote inclusive agriculture and especially gender representation. We also trained them on enhancing food production through sustainable techniques.”

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Arukwe noted that the programme would now move to the North-West, North-Central, and North-East zones as part of its next phase, saying the foundation is committed to supporting livelihoods nationwide.

“This is only Phase One. We will now turn our focus to the North-West, North-Central, and North-East zones. What we have achieved in the South will inform and strengthen our next steps,” she said.
“The NNPC Foundation will continue this mission, to support livelihoods, build resilience, and empower the hands that feed our families and beyond.
We have decided that most times you get a lot of requests from people asking us to give them palliatives and all kinds of things to help them.
But we think it is much better to teach people to fish than just give them fish so they can continue,” Arukwe explained.

Chairman of Ikorodu Local Government, Mr. Wasiu Adesina, while commending the initiative, urged the beneficiaries to apply the knowledge gained to boost productivity and profitability.

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“As we all know, agriculture is the bedrock of any nation. Without agriculture, there will not be a nation, because there will be no food to eat,” Adesina stated.
“It is the farmers that produce our food, and it is important that we train our farmers with new techniques in agriculture, and that is exactly what the NNPC Foundation is doing.

“To the farmers, you have to take advantage of this training and face the farming squarely. In some great countries like the United States and the United Kingdom, farmers are the most richest people in those countries.

“This is because they make a lot of money from farming. We need to inculcate that habit in Nigeria and develop ideas in farming. Even after my tenure, I am going back to farming, so, maybe I will ask the NNPC Foundation to train me so that I also join you to be a farmer.”

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He appealed to the foundation to provide further empowerment for the trained farmers to help them kickstart their agricultural ventures.

“If the farmers have land for farming, I believe the foundation will provide financial aid to keep their farms running,” Adesina added.

Also speaking at the event, the Lagos State Commissioner for Agriculture and Food Systems, Ms. Abisola Olusanya, represented by the Director of Fisheries, Mrs. Osunkoya Daisi, lauded the Foundation’s efforts in bolstering the state’s food security.

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“On behalf of the Lagos State Government, we would like to express our sincere appreciation to NNPC Foundation for training our farmers and for training all the farmers all over the country,” she said.
“Definitely, the training will help improve food production. We can see the impact of climate change effects in agriculture. I am sure farmers have been equipped with climate-smart agriculture techniques to improve production.”

The NNPC Foundation Ltd/Gte is the Corporate Social Responsibility (CSR) arm of the Nigerian National Petroleum Company (NNPC) Limited. It was incorporated in February 2023 to manage the company’s CSR initiatives and enhance Nigeria’s socio-economic development.

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Education

NUC grants ESUT full accreditation for Law, 7 other programmes

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The National Universities Commission, (NUC), has given full accreditation to the Enugu State University of Science and Technology (ESUT), for her Law programme.

According to the Public Relations Officer of ESUT, Mr Ikechukwu Ani, this is contained in a letter addressed to the institution’s Vice Chancellor, Prof. Aloysius Okolie, on Wednesday in Enugu by the NUC.

Ani said that in the letter, the Executive Secretary of NUC, Prof. Abdullahi Ribadu said the report was contained in the result of the October/November 2024 accreditation of academic programmes in Nigerian universities.

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Ani disclosed that other programmes in the institution accredited by the NUC include Master of Science in Business Management; Education Computer Science; Education Physics and Agricultural Engineering.

Other accredited programmes he said were Quantity Surveying; Urban and Regional Planning; and Applied Microbiology.

He said that the letter quoted Section 10 (1) of the Education National Minimum Standard and Establishment of Institutions, Act CAP E3, Laws of the Federation of Nigeria 2004 as empowering the NUC to lay down minimum academic standards for all academic programmes taught in Nigerian universities.

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He said the session also empowers the NUC to accredit such programmes.

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Crime

Court remands 2 over alleged attempted murder

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Court discharges man accused of burning father’s house in Abuja

An Ikeja Magistrates’ Court, Lagos, on Wednesday, remanded two persons, Olaitan Fasasi and Kehinde Tobiloba in a correctional facility over alleged attempted murder.

Fasasi, 40, and Tobiloba, 26, whose addresses were not provided, are being charged with conspiracy, attempted murder and membership of a secret society.

The Magistrate, Mr L.A Owolabi, did not take the plea of the defendants for want of jurisdiction.

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Owolabi directed the police to forward the case file to the Director of Public Prosecution for legal advice.

He thereafter adjourned the case until May 31 for mention.

The Prosecutor, Josephine Ikhayere, told the court that the defendants committed the offences at about 5.02p.m on Feb. 15, at Mushin, Lagos.

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She said that Fasasi, Tobiloba and others now at large, attempted to commit murder by shooting at a resident, Alfred Ademola.

“They armed themselves with a locally made gun. They belong to Eiye Confraternity, a group proscribed by law,”, she said.

Ikhayere said that the offences contravened Sections 230(1) and 411 of the Criminal Law of Lagos State, 2012.

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He said that the actions of the defendants also contravened Section 2(3)(a)(b)(c)(d) of the unlawful societies and Cultism Law of Lagos State Law.

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