NEWS
Latest Petrol Price Hike News, Update On Fuel Scarcity For Oct. 16th, 2024
As Nigerians continue to groan over the recent increase in fuel prices by the Nigerian National Petroleum Company (NNPC) Limited, Naija News brings you the latest update on petrol scarcity, fuel price increase and Govt/citizens’ reactions.
Delay In IPMAN-Dangote Meeting Extends Uncertainty Over Fuel Pricing
The anticipated meeting between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the management of Dangote Refinery to discuss fuel pricing remains in limbo, leaving many Nigerians disappointed.
Originally scheduled for Tuesday, the meeting aimed to finalize arrangements for the direct purchase of Premium Motor Spirit (PMS) from the Dangote Refinery.
This follows the decision by the Nigerian National Petroleum Company Limited (NNPCL) to withdraw from its intermediary role in the distribution of PMS from the 650,000-barrel-per-day refinery.
Earlier, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, had announced that marketers could now directly buy fuel from the Dangote Refinery, a move expected to lower pump prices.
IPMAN had expressed optimism about securing more affordable fuel for the market and initiated discussions with Dangote’s management.
Price Of Petrol Set To Reduce In Nigeria – IPMAN, Others Speak
Petroleum marketers in Nigeria have hinted at a reduction in the price of petrol in the coming days once they begin to receive the product directly from Dangote Refinery.
The marketers said once they begin to get a direct supply of petrol from Dangote, all the costs associated with lifting petrol with the Nigerian National Petroleum Company Limited (NNPCL) as the middleman would be eliminated, and they can sell at a cheaper price to Nigerians.
Naija News recalls the federal government has given approval for the marketers to source petroleum products directly from Dangote.
Speaking on the development, the spokesperson of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, confirmed to Daily Post during an interview on Monday that once members of the association get fuel directly from Dangote, they would be able to sell cheaper than what the NNPC is offering to Nigerians.
He said with IPMAN controlling about 70 percent of filling stations nationwide, their price will drop below NNPCL’s current fuel price of ₦1030 per litre in Abuja.
NNPC Sells PMS To IPMAN At ₦995/Litre
The Nigerian National Petroleum Company Limited (NNPCL) has reached an agreement to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at ₦995 per litre.
This development follows the intervention of the Department of State Services (DSS) in the ongoing controversy between the two parties.
In an interview with Punch, the National Vice President of IPMAN, Hammed Fashola, expressed gratitude for the DSS’s involvement, stating that their intervention has significantly alleviated many of the challenges faced by marketers.
Additionally, Fashola confirmed that through the DSS’s efforts, the Nigerian Midstream and Downstream Petroleum Regulatory Authority has agreed to settle IPMAN’s outstanding ₦10 billion, while also addressing issues related to the direct purchase of petrol from the Dangote refinery.
NEWS
Drug Trafficking: This Is A Direct Attack On The NDLEA – HURIWA Reacts To Senator’s Corruption Allegation
The Human Rights Writers Association of Nigeria (HURIWA) has reacted to a corruption allegation levelled against the National Drug Law Enforcement Agency (NDLEA) by Kwara South Senator, Oyelola Yisa Ashiru.
Ashiru had claimed that the drug agency was the most corrupt and compromised government agency in Nigeria.
He alleged that there was a high rate of drug trafficking going on in the country because of the corruption within the agency.
However, HURIWA has stated that the politician’s stand could be politically motivated since he failed to back his claims with tangible and traceable evidence.
They argued that the lawmaker’s claim may be a figment of his imagination.
The Association wondered why those elected to lead and represent the people could be speaking on serious and sensitive issues without control.
Speaking on Wednesday during a press conference, the group called for an urgent investigation into the senator’s claims, insisting that the issue should not be swept under the carpet.
HURIWA said, “We find it alarming that a lawmaker would make such a ‘reckless’ and generalized allegation against one of Nigeria’s agencies (without any evidence).
“We at HURIWA suspect that the introduction of this bill is a game plan orchestrated by certain forces who are unhappy with the current NDLEA leadership’s determination to intensify the drug war.
“The NDLEA already has departments dedicated to drug awareness and rehabilitation.
“The proposal to create another agency with similar functions would only serve to weaken the NDLEA’s capacity and could be seen as a deliberate attempt to destabilize its operations.
“This bill is not just redundant; it is a direct attack on the NDLEA. The NDLEA’s public awareness programs and rehabilitation efforts are already effective, so there is no need for another agency. The only thing this bill will achieve is to divide resources and energy, ultimately weakening the fight against drug barons.”
NEWS
Tinubu Issues Directive Over Death Of 105 People In Jigawa Tanker Explosion
President Bola Tinubu has expressed grieve over the death of 105 people in the petrol tanker explosion that occurred on Tuesday in Majia town, Jigawa State.
Naija News reports that Tinubu, in a statement through the Special Adviser to the President on Information and Strategy, Bayo Onanuga, directed the Secretary to the Government of the Federation (SGF), George Akume, to lead a high-level delegation to Jigawa state to console the residents.
He said the delegation, while in Jigawa, would visit the incident scene to assess the situation and visit injured persons in the hospital.
Tinubu prayed for divine comfort for the bereaved families and the peaceful repose for the souls of the departed.
He also reassured the nation that the Federal Government, in collaboration with states, is committed to the swift and comprehensive review of fuel transportation safety protocols nationwide.
The statement reads, “President Bola Tinubu has directed the Secretary to the Government of the Federation (SGF), Senator George Akume, to lead a Federal Government delegation to Jigawa in response to Tuesday night inferno in Majia town, which claimed over 100 lives.
“The government delegation will comprise the Minister of Defence, Mohammed Badaru Abubakar; Minister of Transportation, Senator Saidu Alkali; Corps Marshall of the Federal Roads Safety Commission (FRSC), Mr Shehu Mohammed; and the Senior Special Assistant to the President on Community Engagement (North West), Abdullahi Tanko Yakasai.
“President Tinubu further directs that emergency aid, including medical supplies, food, and shelter, be extended to the 50 victims receiving treatment and others affected by the fire.
“The President, with a heavy heart, joins the Vice President in extending his deepest condolences to the families of the victims of this devastating incident.
“He expresses his heartfelt prayers and support to the government and people of Jigawa during this time of tragic loss and grief.
“He restates his directive to the Federal Roads Safety Corps (FRSC) to strengthen night travel measures, such as increased patrols, stricter enforcement of safety regulations, and other highway safety mechanisms.
“He said those found responsible for breaches of safety standards will be held accountable, reaffirming the government’s unwavering commitment to ensuring such incidents do not recur.”
NEWS
Lagos Approves ₦85,000 As Minimum Wage
The Governor of Lagos State, Babajide Sanwo-Olu, on Wednesday, announced that the minimum wage for civil servants in the state is ₦85,000.
Sanwo-Olu spoke on Wednesday during an interview with Channels Television.
He said, “I’m glad to let you know that the minimum wage for Lagos, which we have discussed with our union, is ₦85,000 today.
“It is not a competition. I am not going to say that we are paying more than some people, it is a function of affordability and capacity.
“We know too well that when people live in Lagos, Lagos has a premium in terms of the cost of living. We are fully aware.
“We also increased our salary earlier in the year. I will want to come back in January and say that I have been able to increase the minimum wage of Lagos to ₦100,000, not because I want to make anybody look bad, but because I want my people to have a living wage.”
Naija News understands that the Federal Government early in the year had approved ₦70,000 for civil servants after negotiation with organised labour, which consists of the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and other affiliate unions.
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