Category: Lead

  • IPMAN to get petrol direct from NNPCL

    IPMAN to get petrol direct from NNPCL

    •Oil giant in move to end product shortage

     

    MEMBERS of the Independent Marketers’ Association of Nigeria (IPMAN) are to get supply from the direct the Nigeria National Petroleum Company Limited (NNPCL), it was learnt yesterday.

    Details of a major understanding between the oil giant and marketers came as stakeholders in petrol distribution chain stepped up efforts to end the lingering product shortage and soaring pump price.

    The Nation observed yesterday an improvement in petrol supply with queues thinning out at filling stations, mostly owned by Major Oil Marketers Association of Nigeria (MOMAN).

    The price hovered around the regulated price of N170 per litre at the MOMAN stations.

    But the IPMAN outlets were still taking advantage of the situation to sell above the regulated price at between N230 and N300 per litre.

    Many stakeholders confirmed yesterday that the NNPCL have agreed to new initiatives expected to break the supply glitches and close the gaps being exploited by hoarders to inflate prices.

    Going forward, the independent marketers, being critical complement to the major marketers in breaking the festering scarcity, got assurance of direct supply of petrol from the NNPCL.

    The moves came on the heels of a critical meeting between NNPCL, MOMAN, IPMAN, Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Department of State Services (DSS) amongst others.

    IPMAN’s National Operations Controller, Independent Petroleum Marketers Association of, Mike Osatuyi, confirmed to The Nation that the NNPC have agreed to be selling petrol directly to IPMAN members at the regulated official price, rather than the crisis-fueling situation of routing products through third parties, who had been severally fingered as being behind inflated wholesale supply prices.

    Osatuyi said direct sale of products to independent marketers “will bring down the price of the product”, noting that direct sale of products to independent marketers will lead to immediate reversal of retail prices to regulated retail price of about N170 per litre.

    He said: “I can tell you that the NNPCL have agreed to be giving IPMAN petrol directly and not through a third party. This is what we have been clamouring for because IPMAN have been buying petrol for N220 from private depots in this period, whereas NNPCL was supply the product to depots at N113 per litre, while depots sell at N148.17 per litre and filling stations sell at the regulated price of N170 per litre.

    “Instead of selling to IPMAN at the approved N148.17 per litre, as they used to do before, private depots were selling to us at N220 per litre, so how could we have sold to the public at N170 per litre? But with this agreement, the price of the product will definitely revert immediately NNPC fulfils their promise.”

    He said recent parleys among stakeholders have started yielding fruits as there have been considerable improvements across many states.

    Osatuyi said: “As you can see for yourself, queues are already disappearing in Abuja, Jos, Lagos and other parts. Those filling stations not dispensing as at today, have probably exhausted their stock and awaiting fresh supply. So, normalcy is returning.

    “IPMAN awaits NNPC to stick to its promise while we will also let Nigerians know when they start to give us petrol at the official price and if they renege we will also let the public know.”

    MOMAN’s Executive Secretary Clement Isong told our reporter that the major oil marketers had also agreed to improve their operational efficiency and coordinate better with NNPCL, which have started easing the challenges in the supply and distribution network.

    “There is product but the challenge is getting the product from where it is into the tanks of Nigerians and that is what we are working on,” Isong said.

    The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)’s latest supply stock at the weekend showed there was 1.7 billion litres stock available, which could last about 29 days.

    IPMAN President Alhaji Debo Ahmed however underscored the need for vigilance and effective monitoring of the supply situation by the regulatory authorities, noting that independent marketers were still facing constraints.

    He said: “The depots don’t have the product that can go round. It is not sufficient,” Ahmed said, calling on the government and NNPCL to checkmate private depots that were selling petrol for as much as N220 per litre.

    “NNPCL should try as much as possible to tell the private depots to sell at the controlled price.”

    From monitoring the petrol market yesterday, The Nation discovered that there was increase in the supply of PMS at the retail outlets as there were virtually no queues projecting out of the stations.

    The pump price was N180 per litre in the mainstream retail outlets except in very remote and mini stations that the product sold above pump price.

    It was also learnt that black marketers that stocked petrol in plastic containers were lining up on different major roads hawking the product.

    Despite dawning on them that the demand for their illicit trade had fallen drastically, they were not willing to reduce price.

    A black-marketer on Kubwa expressway by Katampe, said: “I cannot sell my 10 litre of petrol below N2, 800.”

    Asked why he was unwilling to let go of the product at the N170 per litre, he said: “I bought it above pump price at the petrol station on Thursday afternoon. I can’t sell at a loss.”

    He further explained that the present disappearance of queues from the retail stations would not endure.

    “This supply you are seeing is temporally. The queues will soon resurface,” he said.

  • Alleged N89.1tr stamp duty collection: Presidency defends Emefiele

    Alleged N89.1tr stamp duty collection: Presidency defends Emefiele

    •‘Kazaure’s panel illegal’

     

    THE Presidency has dismissed as fake and untrue a report that Central Bank of Nigeria (CBN) Governor Godwin Emefiele could not account for about N89.1 trillion the apex bank collected as Stamp Duty charges.

    The News Agency of Nigeria (NAN) reports that in a viral video, a member of the House of Representatives from Jigawa State, Gudaji Kazaure, had accused the CBN governor of attempts to cover up facts surrounding the collection of the controversial amount.

    The lawmaker also alleged that he was deliberately being denied access to present a preliminary report of a committee set up by President Muhammadu Buhari to examine the alleged stamp duty funds being withheld by the CBN.

    Also in the viral video, Kazaure urged the President to either allow him to present his report to him or immediately order a thorough investigation of the alleged stamp duty funds.

    But the President’s Senior Special Assistant on Media and Publicity, Malam Garba Shehu, described the Kazaure’s committee as illegal.

    Shehu said the committee was dissolved on the directive of President Buhari.

    The statement reads: “In the first instance, the committee on the alleged loss of stamp duty funds he is talking about is an illegal committee. It was dissolved on the directive of the President.

    “Anyone familiar with our constitution will find it curious that a member of the Parliament is the Secretary of an Executive Committee.

    “It suffices to say that the entire net worth of the nation’s financial sector, the assets of the banking sector, put together, are not worth N50 trillion, not to talk of the kind of money he is talking about.

    “The CBN assures that there is absolutely no problem, whatsoever, with money from Stamp Duties.

    “There is a committee duly set up by the President in June 2020, chaired by the Attorney General and Minister of Justice and the Secretary is the Chairman of the Federal Internal Revenue Service (FIRS), that is currently reconciling the stamp duty accounts.”

    Shehu said the job had not finished, adding: “As it is, there is nothing to give credence to wild accusations made against the administration.”

    The presidential aide revealed that earlier investigations carried out by government departments and anti-corruption agencies on the stamp duty accounts indicated that nothing sensational had been uncovered.

    He said: “Following speculation and the many allegations, earlier investigations were commissioned by government departments and agencies.

    “These included the Ministry of Finance, the Revenue Mobilisation and Fiscal Service, the Economic and Financial Crimes Commission (EFCC), the Nigerian Deposit Insurance Corporation (NDIC), and nothing sensational had been discovered by them. Issues of reconciliation are being handled…”

    “As for Kazaure seeing the President, I like to assure that there is nobody that can stop him from seeing the Number One Citizen. Kazaure is a friend of the President.

    “He sees him as many times as he wants and he is welcome to come and see him again and again.”

  • Niger Delta slams Atiku for sending Okowa to beg Jonathan

    Niger Delta slams Atiku for sending Okowa to beg Jonathan

    Condemnations have trailed the decision of the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, to send a delegation, led by his running mate and Delta State Governor, Ifeanyi Okowa, to beg former President Goodluck Jonathan for support ahead of next year’s elections.

    In a viral video, Okowa was seen in Jonathan’s residence with some delegates, begging Jonathan to back their presidential ticket despite clamour for power to return to the south.

    Okowa, earlier in the year, hosted a meeting of Southern governors across party lines in Asaba, where an agreement popularly called the ‘Asaba Accord’ was reached, that power must return to the South, was seen begging Jonathan to support Atiku.

    He said: “It is difficult for the party to go on even as we have kicked off our campaign without coming to request, although we are very conversant with the fact that you are playing an elder statesman’s role, not only in our nation but across our sub-region and Africa, you need to offer your prayers.

    “And you need to truly find a way to add your voice, both publicly and even privately, in situations that require you to speak on behalf of this nation, our country and of the PDP.”

    But stakeholders alleged that Atiku had again shown pride and disrespect to Jonathan and the Niger Delta by sending a delegation to Jonathan instead of coming himself to beg the former president.

    They reasoned that being his first visit after kicking off his campaign, Atiku’s decision to send a delegation was a demonstration that he has no regard for the people of the region.

    They also recalled how Atiku was allegedly disloyal to Jonathan when he was the president, his alleged serial betrayal of his former boss, Olusegun Obasanjo, as well as those who defeated him to get the party’s tickets.

    They recalled the recent disclosure of Rivers State Governor, Nyesom Wike, on how Atiku humiliated and embarrassed Jonathan who, as incumbent President and PDP candidate in 2015, went himself to beg Atiku for support.

    In the governor’s view, Atiku embarrassed and humiliated Jonathan who, as a sitting president and candidate, visited him in London to beg him to return to the party to support his second term bid.

    Wike said: “What I don’t like is that we forget history easily. In 2015 when Jonathan as a sitting president won his primaries, Jonathan went to London to plead with this our presidential candidate today, Atiku Abubakar, saying ‘please my brother come back to the party and support me’.

    “Do you know the condition they gave to Jonathan? That he should relinquish his ticket not to run as the president of Nigeria. That was a sitting president and presidential candidate of a ruling party. They gave him that condition telling him to relinquish that ticket for him not to run’.

    Southern skit makers, who trended the video on social media, described Atiku as a disrespectful person saying it was shameful and embarrassing for people in the region to be campaigning for him.

    Human rights activist Omes Ogedegbe said: “It will be the height of betrayal to the people of the South for Jonathan to concede to Atiku’s plea. And for this cause to be championed by Governor Okowa goes further to prove the sayings of Governor Wike that Atiku and Okowa are unserious.

    “It was part of the zoning arrangement that power should revert to the South, which brought about the Southern Governors’ Forums resolution at a meeting in Asaba. So for the same Okowa to be championing the Northern agenda goes to show he does not have the aspirations of the South at heart. We are very confident that Jonathan will not betray the trust of the people of the South. We know Jonathan will certainly not accept any form of pleadings that will be conveyed to him by Okowa.”

    The Convener, Forum for Ethnic Nationalities of Niger-Delta (FENND), Dotimi Kester, maintained that Atiku might be feeling pangs of guilt for having maltreated Jonathan in 2015.

    He said: “Atiku may be feeling guilty over his maltreatment of Jonathan in 2015. That is why it is important to show kindness to people we meet on the way up, because we may meet them on our way down. It is most annoying and shameful. It is the height of wickedness on the part of Atiku who has taken Niger-Deltans for granted. If I were Okowa, I won’t embark on such a mission on behalf of Atiku.”

  • Another northern presidency unjustifiable, says Wike

    Another northern presidency unjustifiable, says Wike

    Rivers Governor, Nyesom Wike has told those saying the country is not ripe for same faith ticket not to at the same time justify any plot to retain the presidency in the North.

    Wike spoke on Sunday at the special dedication service for the Rivers Peoples Democratic Party (PDP) 2023 General election campaign rallies at St. Paul’s Anglican Church, Port Harcourt .

    The Governor, in a statement by his Special Assistant, Media, Kelvin Ebiri, maintained that persons involved in such doublespeak were trying to hoodwink some gullible few.

    He said such individuals know that they were insulting the sensibility of well-meaning Nigerians, who desired a united country to advance national cohesion.

    “You play on people’s intelligence; you say Nigeria is not ripe for muslim-muslim ticket, I agree. But Nigeria is ripe for presidency to remain in one zone? I mean, just look at the insult. You blow hot and cold.”

    Wike asked those people condemning the same-faith ticket to know that Nigerians were also saying it was wrong to retain the presidency in the North after President Muhammadu Buhari.

    He said: “Most of you just sit there, you don’t ask yourselves questions. Somebody continues to sell this kind of cheap ideas. You don’t ask the person, I agree with what you are saying but look at what we are saying here.

    Read AlsoWike bags doctorate degree, donates N1bn to state varsity

    “Your party wants the presidency to go to the same zone where president Muhammadu Buhari is coming from. Who is cheating who?”

    The Rivers Governor also reminded the church of the need for it to participate in the voting process.

    He, however, warned them against serving as cannon fodder to any party or political actor.

    Wike pleaded with the church to be careful and resist those politicians, who come to mobilise them as if there was a religious war to wage.

    He said: “It is not now that politics have come, you want to come and tell the church a different story for your own personal interest.

    “We have to be careful so that the church is not destroyed. Because, all of us, for example, we are Anglicans, I will not allow anybody, for his selfish interest to destroy the church of Nigeria. I will not allow that.”

  • Why Tinubu will win 2023 presidency – Girei

    Why Tinubu will win 2023 presidency – Girei

    The first Senator to represent Adamawa Central in 1999, Abubakar Girei, said the presidential candidate of All Progressives Congress (APC) Asiwaju Ahmed Tinubu, is certain to win the 2023 election.

    Girei, who was in the Senate between 1999 and 2003 under Peoples Democratic Party (PDP) but left for the APC after its formation, said in an interview during the weekend in Yola that Tinubu will win in 2023 even if he loses Adamawa State to son of the soil and PDP Presidential candidate, Atiku Abubakar.

    “I had opportunity of meeting Bola Ahmed Tinubu about 10 days ago and I told him point-blank, ‘Congratulations, Mr President.’ I told him my only worry is that he is likely to win the election without my state,” Girei said.

    He said Nigerians recognise Tinubu to be a candidate with proven personal capacity and sense of judgement to identify people with the ability to contribute to fruitful governance.

    Read Also: 2023: APC ‘ll deliver South West for Tinubu – Kekemeke

    Girei told the select few journalists at his Yola home: “Nigerians will vote Tinubu because of his evidence of great leadership. And Nigeria needs a known unifier like Tinubu after how President Muhammadu Buhari and APC government have been made to look like they divided the country. Tinubu will remove that completely, as he is known to have built people from different parts of the country.”

    On politics in his home Adamawa, Girei also expressed confidence in the APC to hold sway in 2023, stressing that especially after Senator Aishatu Binani bounced back as the party’s governorship candidate, the PDP-ruled state will give way.

    He said: “We in APC have put our house in order. With Nuhu Ribadu (who was challenging Binani’s candidacy) accepting Binani as our next governor and with other former governorship aspirants accepting to work for our party, we are coming together with the structures of Ribadu, Abdulrazak Namdas, Wafari Theman and other stakeholders to launch a formidable campaign.”

    He added that Binani will win because as House of Representatives member and then Senator, she has proven herself to be a woman with the tendency to render worthy service.

  • JUST IN: Councillor, man killed in Ondo communal clash

    JUST IN: Councillor, man killed in Ondo communal clash

    Two persons were killed in Koseru community, a farm settlement in Odigbo local government area of Ondo State when gunmen invaded the area in a suspected reprisal attack.

    Those killed were the Councillor representing the axis and a local vigilance member simply identified as Kayode.

    The name of the Councillor was yet to be verified as of the time of filing this report.

    It was gathered that the gunmen launched the attack on Saturday following the shooting of a woman in Kajola village, Okitipupa local government.

    The gunmen suspected to be Ikale youths reportedly destroyed some farmlands.

    A Facebook user, Christiana Umukoro, confirmed the attack and said his father was beaten by the attackers.

    He said 95 percent of the villages have fled for their lives.

    Read Also: Abducted Ondo monarch freed after ransom

    Special Adviser to Governor Oluwarotimi Akeredolu on Security Matters and Commander of the Ondo Amotekun Corps, Chief Adetunji Adeleye, said the corpses of the dead have been deposited in a mortuary.

    Adeleye, who denied killing of Amotekun operatives in the attack, said normalcy has been restored to the community.

    He stated that a combined team of policemen, soldiers and Amotekun Corps kept vigilance in the community.

    According to him:”There has been an age- long crisis in Koseru between Oluku family of Ikale in Okitipupa and the Oyo/Osun farmers living in Odigbo local government. The Oyo/Osun are predominantly cash crop farmers. They have been fighting over ownership of the land.

    “The fresh crisis erupted when a one women in Kajola was shot.

    “We are suspecting a reprisal attack of some Ikale youths who mobilised themselves and launched attack on the unsuspecting Osun/Oyo farmers. There is a Councillor representing Oyo/Osun axis that was killed in the fracas. A vigilance member and not Amotekun was killed. Their corpses have been deposited at the hospital. Amotekun, Police and the Army maintain vigilance overnight to ensure peace returns. The attackers destroyed more of farmlands.”

    Ondo Police spokesman, SP Funmilayo Odunlami, said no policeman was killed in the attack.

    She said an official statement would soon be released.

  • Setback for Atiku as key Northeast campaigner dumps PDP for Tinubu

    Setback for Atiku as key Northeast campaigner dumps PDP for Tinubu

    • Former Gombe Dep Gov Iliya also
    • Inuwa vows to wipe out PDP in Gombe, launches guber campaign
    • Mammoth crowd as APC women hold rally in Maiduguri

    Two strong pillars of the Alhaji Atiku Abubakar political structure in the North East yesterday dumped the Peoples Democratic Party (PDP) presidential candidate  to team up with the flag bearer of the All Progressives Congress (APC),Asiwaju Bola Tinubu.

    They are Alhaji Jamilu Gwamna who, until now, was the North East Coordinator of the Atiku Campaign organization, and a former deputy governor of Gombe State, Charles Iliya.

    The duo switched camps on  a day the APC intensified its campaign ahead of the 2023 elections in several parts of the country including Maiduguri,Borno State  and Benin,Edo State.

    Gwamna ,who was also the runner up in the PDP  governorship primary in the state in May, told reporters in Gombe  that  he saw no future for the party in the state essentially on account of the crisis trailing  the governorship primary.

    The primary was won by Jibrin Barde,who is currently locked in a running battle with intra party  forces against his victory.

    He dismissed them all as inconsequential to his ticket.

    Speaking on the issue yesterday,Gwamna said  the PDP was riddled with  internal crisis, poor leadership, disregard for rule of law and disunity

    He said his political ideology was anchored on unity, inclusiveness, fairness and justice and “if those are not found in the party then there is no reason to be in that camp.”

    Gwamna who is also the Sardauna of Gombe said the PDP and its current leadership lacked the capacity to manage Gombe State.

    “In politics, internal democracy is very key and if you cannot find that playing out, then practicing democracy on a larger platform such as governing the state becomes a big issue,” he said.

    Gwamna said   the APC was better organised in Gombe than any political party, and has managed its affairs in a more family-like manner.

    He asked his supporters to mobilise voters at the grassroots to ensure victory for the APC at all levels and with a wider voting margin than that of 2019.

    Gwamna said he has been appointed as state coordinator for both the governorship and presidential campaign of the APC in the state.

    Iliya,who was deputy to former  Governor Ibrahim Dankwambo was unveiled during the formal take-off of the APC presidential campaign and that of the re-election of Governor Muhammadu Inuwa Yahaya.

    The former deputy governor was PDP’s strongman in Gombe South.

    I’ll wipe out PDP from Gombe,vows Gov.Yahaya

    Speaking at the campaign launch yesterday,Gov.Yahaya vowed to wipe out the PDP from the state.

    He said the huge number of decampees received into the party was  a testimony to the fact that  the PDP no longer has a place in Gombe State.

    “The history and story of any other party in Gombe State will be buried,” he said.

    “There will be no more parties but one party, APC. As the dominant party, we shall deliver and we have no fear because we know God is with us.

    “Coming through Gombe town, you saw for yourself what the APC has achieved. You saw happiness on the faces of our people. What we are saying is that we shall not fail you as a party and we shall not fail you as candidates.

    “In 2019, we won 19 out of 24 House of Assembly members but now we are determined to deliver 24 over 24.

    “Asiwaju Bola Ahmed Tinubu shall be president of Nigeria in 2023 by the grace of Allah and Muhammadu Inuwa Yahaya shall be the Governor of Gombe State. Senator Danjuma Goje is our candidate for Gombe Central, Senator Sa’idu Alkali is our candidate for Gombe North and Senator Joshua Lidani is our candidate for Gombe South.”

    Mammoth crowd as APC women campaign in Maiduguri

    Addressing supporters at the flag off of the North-East Zone campaign of the Tinubu/Shettima Women Campaign in Maiduguri, the wife of the APC presidential candidate, Senator Oluremi Tinubu, pledged that youth empowerment and girl-child education would be given prime attention by Asiwaju Tinubu if elected next year.

    “I can assure you that youth unemployment will be on the front burner of the Tinubu/Shettima administration,” she said.

    Continuing, she said: “Also, women empowerment and the education of the girl-child will be tackled because education is very key to the growth of our women, not only in the North-East but in the country as a whole.

    “When you educate one woman, you’ve done well for the entire household, much more the entire nation.”

    She thanked the crowd especially women and youths from the North East for their overwhelming support for the party and the aspiration of its presidential candidate. She also assured them of her readiness to work with the wife of the APC vice-presidential candidate, Hajiya Nana Shettima, when their husbands are elected in 2023.

    Read Also: 2023: Obasanjo sparks fresh fears for Atiku

    Also speaking Mrs. Shettima urged women and youths in the region to be united for the party’s victory come next year.

    Mrs Tinubu and Mrs. Shettima were accompanied to the rally ground by the wives of the Speaker of House of Representatives, the First Ladies of Lagos, Kogi, Plateau, Kebbi and Cross Rivers states, and many other prominent women.

    The event was hosted by the wife of the Borno State governor and North-East zonal coordinator of the Tinubu/Shettima Women Presidential Campaign Team, Falmata Zulum, at the Sports Centre, Maiduguri. APC Deputy National Women Leader, Hajia Zainab Ibrahim, and many high-profile women within the zone were also present.  The North-East zonal rally is the fifth in the series of women’s rallies so far held by the women’s wing of the APC presidential campaign since its inauguration in October 2022.

    I’ll not let down Shettima -Zulum

    Borno State Governor Babagana Umara Zulum yesterday said the APC would win the state convincingly in next year’s election in what would be his reciprocation to Kashim Shettima’s political benevolence to him.

    Zulum took over the affairs of the state from Shettima at the end of his two-term tenure.

    “I have no other alternative than to deliver the state to the Tinubu/Shettima presidential team and the entire APC,” Zulum said.

    “I will not let him (Kashim Shettima) down,” he added,and told the story of how Shettima ,during his tenure as governor,first made him Rector of the State Polytechnic,then a  commissioner in his cabinet, before picking  him as successor.

    He promised to “work assiduously to deliver more than 95 per cent of the state to APC.”

    Oshiomhole: Tinubu is most qualified candidate to win 2023 presidential election

    Read Also: Atiku no threat to Tinubu in Northeast – Bayero

    The Deputy Director-General of the All Progressives Congress’ (APC’s) Presidential Campaign Council, Comrade Adams Oshiomhole, yesterday described   Tinubu as the best qualified to win the 2023 presidential election.

    Oshiomhole, a former governor of Edo State, spoke at the kick-off of Edo South Senatorial District APC’s campaign in Benin, where the senatorial candidate, the four House of Representatives’ candidates and those of the state’s House of Assembly were unveiled.

    The former President of Nigeria Labour Congress (NLC) urged all Nigerians to massively vote for Tinubu and other candidates of APC, during the 2023 general elections.

    The rally was attended by two former Edo Deputy Governors: Dr. Pius Odubu and Lucky Imasuen, who is the Director-General of APC Presidential Campaign Council in the state; APC governorship candidate in the 2020 election in Edo, Pastor Osagie Ize-Iyamu, and the state’s Chairman of the party, Col. David Imuse (rtd.).

    Eminent politicians also at the rally included a former Minority Whip of the House of Representatives, Samson Osagie; ex-Speaker of Edo House of Assembly, Uyi Igbe; a former member of the House of Representatives, Patrick Obahiagbon; Edo Secretary of APC, Lawrence Okah; members of the State Working Committee (SWC) of the party; and other leaders from the seven local government areas that make up Edo South Senatorial District.

    Edo chairman of APC said the people of the state would vote massively for APC as the leadership style of Governor Godwin Obaseki continues to deny the masses of the state access to basic amenities.

    Imuse said: “The people governing Edo State today are pretenders. They have come to destroy Edo State. It is only in Edo State that they will destroy a library and turn it to supermarket. It is only in Edo State that they will convert a children’s ward in a hospital to another supermarket.

    “Our markets are getting burnt. Last year Ekiosa market, Benin City got burnt, and today, a part of the market has been converted to Jara supermarket. They want to drive away our market women from their markets.

    “We wanted to place campaign materials on billboards, they have refused to allow us to do that, but we have carefully selected our candidates. They will be led by Asiwaju Bola Ahmed Tinubu, so that we will win at the presidential election and win all the elected seats in the state, from senate to the state House of Assembly.”

    Odubu, in his remarks, stated that APC’s candidates in Edo were young people, while urging the youths to vote for all of them and pleaded with Edo people to be patient, and assured that they would soon witness good governance from APC’s government.

  • CBN sets N500b non-oil  export loan target for banks

    CBN sets N500b non-oil export loan target for banks

    •Apex bank to sustain dollar sales to lenders

    The Central Bank of Nigeria (CBN) has directed banks to lend at least N500 billion to non-oil export-oriented companies annually to boost the productive sector and support dollar inflows to the economy.

    CBN Governor, Godwin Emefiele disclosed this on Saturday at the end of the 13th Bankers’ Committee retreat in Lagos.

    He said the lending plan to support non-oil exporters will require the big banks taking a larger chunk of the loan plans, and lending more to the sub-sector as part of their support for the business segment.

    He called for continuous support to exporters who may need facilities to bring improvements to the way they can process their goods and make them high-standard products qualified for export due to their higher value.

    “The Bankers’ Committee decided that every year, the entire banking industry must grant at least N500 billion in loans to export-oriented companies that will generate measurable export receipts to complement whatever the CBN is able to come up with. The big banks will have to take a bigger and bigger share of this pie,” he stated.

    Emefiele also disclosed that the CBN will continue to sell dollars to banks to enable them to support non-oil export businesses. He spoke following an earlier threat by the regulator to suspend dollar sales to banks by this year’s end.

    Emefiele said banks would continue to get dollar allocations because they have shown good faith in supporting non-oil export businesses as seen in over $2 billion in earnings from the non-oil exports in the third quarter of this year.

    He encouraged banks to also begin to source their own forex to meet the needs of their customers and not entirely rely on central bank sources.

    “The banks have made good progress in supporting non-oil export businesses with almost $2 billion realized from the sector in the third quarter.  So far, we think that the banks have made good progress and on the basis of the progress they have made so far, the CBN will continue to support the market with foreign exchange, albeit as hard as it may be. The banks themselves are expected to ramp up their own sources of non-oil export to earn dollars through forex repatriation which they can use to fund their customers’ businesses,” he said.

    Read Also: Masari: Only those with millions stashed away will oppose new CBN cash policy

    Emefiele also disclosed plans to collaborate with some state governments to tackle port congestion and make the export of goods seamless. He said the Lagos Lekki Port is going through pre-commissioning processes which will help exporters.

    According to Emefiele,  the interest of the Bankers’ Committee is to see that more goods produced locally are exported to earn forex for the economy, thereby reducing the burden of having to provide forex for businesses by the apex bank.

    “Our interest here is that they conduct their export activity in a very seamless manner. So that at the end of the day, those export proceeds can be repatriated, then for the good of the country. That will enable them to relieve the Central Bank of the burden of providing forex for businesses,” he said.

    He said there had been a dearth of dollar receipts from crude oil but the CBN has the responsibility to make sure that the needs of customers are met. “There is a need for us to diversify our export revenue base instead of relying solely on crude revenues,” he said.

    Emefiele also said the N15 trillion Infrastructure Corporation of Nigeria Limited (InfraCorp) will begin a road project from Lekki to Ondo to facilitate the transportation of goods from Lekki Ports to other parts of the country.

    The CBN, the Africa Finance Corporation, and the Nigeria Sovereign Investment Authority are the promoters of InfraCorp.

    He said that InfraCorp is already engaging the state governments of Lagos, Ondo, and Ogun on how it can have a passage and develop the project proposal that will enjoy their support.

    Emefiele said the road would be the standard road that will enable easy movement of goods through the ports to the cities.

    He said the banks will, in the New Year, begin to plan on how to fund infrastructure that will enable easy passage of goods from different parts of the country to the Lekki Ports.

    The Bankers’ Committee also promised to continue to support  the creative industry especially as we accelerate the completion of the ongoing project in the National Arts Theatre.

  • Fuel pump price hits N300 in states despite DSS ultimatum

    Fuel pump price hits N300 in states despite DSS ultimatum

    •Black marketers rule in Kaduna, Abuja, others; queues abate in several states

    Fuel pump price yesterday hit N300 in many states across the country  despite the ultimatum issued by the Department of  State Services last week.

    This is as black marketers have continued to have a field day  in Kaduna State and parts of the Federal Capital Territory, Abuja.

    The DSS  had on Thursday  issued a 48 hours ultimatum to all stakeholders in the oil industry to resolve the ongoing fuel scarcity across the country. The ultimatum expired yesterday.

    The secret agency warned that it would launch a nationwide operation on saboteurs if there were still queues at various filling stations in the country after the ultimatum.

    The ultimatum appears not to have yielded so much fruit as many major marketers were still not selling. The few that were selling below N200 per litre  had vehicles queuing up in their stations.

    In Kaduna State, Premium Motor Spirit (PMS), otherwise known as fuel, was available at filling stations operated by black marketers.

    The black marketers operating mostly in independent fuel stations in the outskirts of Kaduna metropolis, were selling  for between N270 and N300, while roadside black marketers selling in jerricans sold  for N400 a litre.

    Meanwhile, only major marketers like Total, Oando Mobil and NNPC and few independent marketers like AA Rano and Shafa  were selling at the normal price of N185.

    The filling stations selling at official price of N185 had  long and disordisorderly queues.

    As at Saturday, many of the fuel stations selling for the official pump price did not open for business.

    In Ibadan, the Oyo State capital, many residents and commuters were still finding it hard to get petrol from filling stations across the city.

    The situation, it was gathered, was not different in Igboora, Oyo, Ogbomoso and other parts of the state.

    Although many of the independent marketers were selling, few queues were observed as only those willing to buy at between N270 and N300 per litre entered the stations to get the product.

    Most major marketers across the state sold between N190 and N200.

    The few major marketers that sold the product recorded  long queues of consumers.

    A dealer in the product who pleaded anonymity said the situation might take some time to be corrected if the government did not address the major cause which has to do with changes in prices the product is lifted from the depot.

    The source added that no marketer will sell the product at a cost lesser than it is lifted from the depot no matter the level of loyalty, honesty or sincerity.

    The situation was also the same in Osun State as the residents especially those in the  capital, Osogbo have been  groaning over the sale of  petrol for N300 per liter in the last two weeks.

    The fuel crisis which is still lingering in the state has not been recording heavy queues again except  at petrol stations like NNPC, NIPCO and Bovas  that are selling at the normal prices ranging from N180, N179 and N185 per liter.

    Meanwhile, the hike in price has forced commercial drivers to increase the fare by 50 per cent in the state.

    Findings around the nation’s capital by our correspondent showed that most stations were still shut down with black marketers selling the product at N300 per litre, down from the N350 per litre sold the previous days.

    At the city centre, queues were noticeably shorter than it used to be at the TotalEnergies station opposite the NNPC Towers while the Conoil station was shut.

    Checks also showed that most stations along the Kubwa Expressway including Shema, Salbas, NIPCO, Eterna had shorter queues unlike days before the DSS handed a 48-hour ultimatum to the marketers to ensure adequate supply.

    Also Total filling Station located along Gado NASCO Road Kubwa, opened to motorists was selling fuel after weeks of lockdown.

    One of the attendants who spoke on condition of anonymity for fear of sanctions said: “We’ve exhausted our supply, we even sold very early Saturday morning but we finished selling by 3pm”.

    In Utako District of the city, most petrol stations were now selling with a short queue.

    For instance, NNPC retail outlet which was formerly Oando located at airport junction, Jabi; Forte Oil, NIPCO Oil, all along Jabi/Utako axis shut to consumers had begun to  sell.

    Outside the city however, the few independent marketers which were open sold above N250 per litre.

    In the Kuje Area Council of the FCT, marketers openly flouted the directives as black marketers continued to have a field day.

    However, most of the major marketers sold between N179 and N185 per litre.

    Speaking with The Nation on phone, the Independent Petroleum Marketers Association of Nigeria (IPMAN) National Vice President, Alhaji Abubakar Maigandi, debunked the conjecture of hoarding the PMS.

    According to him, the independent marketers were still awaiting the

    Read Also: Fuel scarcity: Mixed reactions to DSS ultimatum to marketers

    Nigerian National Petroleum Company Limited (NNPCL) to give them their direct product instead of buying from the private depots.

    He said “The queues have started reducing even as the private depots are selling to us independent marketers at N235 per litre.”

    “We are not hoarding the product. It is just that we are waiting for the NNPCL to give us our product,” said Maigandi.

    Although the supply increase became evident on Friday when some of the petrol stations that were previously vending the product with a maximum of three pumps raised their supply overnight with virtually all their pumps.

    A.A. Rano in AYA and Katampe along Kubwa Expressway recorded shorter queues.

    A cab driver, Mr. Joseph Abbah told The Nation that “their (retail outlets) queues didn’t project out of the stations. There were no excuses of no product or delays because of hot underground tanks and tankers. The sale has been seamless.”

    The NNPCL on Arab Road, Kubwa, was selling the product. The Nation observed that there was no queue outside the retail outlet.

    Fuel remains  N250 per litre at Enugu retail outlets

    The price of the PMS otherwise known as petrol remained at N250 per litre in most of the retail outlets in Enugu State.

    The price, it was observed, had remained stable in most filling stations since late last month with few others selling at N260 per litre.

    However, few filling stations which sold  at the approved pump price,  continued to witness long queues by customers who could not  afford to buy above N185 per litre.

    Checks by our correspondent yesterday in Enugu revealed that more filing stations that hitherto were not dispensing had  joined the growing numbers of stations selling at between N250 and N260 per litre.

    While this had since affected the cost of transportation in the state, it was gathered that the availability of the products had reduced long queues formed in many of the outlets owned by members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Oil Marketers Association of Nigeria (MOMAN) such as Pinnacle, North-West, Mobil, NNPC, Oando and Conoil which sell N185 per litre.

    Several fuel Stations in Niger state were  selling between N280 and  N290.

    These fuel stations were not major marketers as those ones were not selling fuel as at Saturday.

    Most of the stations selling fuel are located along the Bosso, Maikunkele and Maitumbi axis of Minna metropolis.

    However, during the week between Thursday and Friday, major marketers like Matrix, Rano, Mobil and Shafa had fuel but had long queues making motorists spend hours before getting the product.

    Petrol station owner sell PMS for N250 In Abia

    Most petrol stations operating in Umuahia, the Abia State capital and Aba, the commercial nerve of the state dispensed Petroleum Motor Spirit (PMS) between N240- and N250 per liter.

    There were no queues in most of the areas visited by our correspondent.

    The Eastern Zonal chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN) Prince Bobby Eberechi in an interview decried the sorry state of members of the Port Harcourt zone of the association which comprises Abia, Akwa Ibom, Anambra, Bayalsa, Benue, Cross River, Ebonyi, Enugu, Imo, Rivers, Kogi and Nasarawa states with NNPC loading depots at Aba, Calabar, Enugu, Makurdi and Port Harcourt with over 3,000 registered marketers.

    Prince Eberechi said that: “None of these depots are working at the moment. NNPC is the sole importer of petroleum products to Nigeria. These depots have  over 3,000 marketers registered in each depot with NNPC.

    “Instead of these products being pumped to these depots, They now sell these products to middlemen in the name of private tank farm owners who now decide how much they will sell to independent marketers without taking cognizance of the government regulated price.”

    He further alleged that “the Department of Petroleum Resources which was supposed to be the Nigerian regulatory authority rather supports the activities of these shylock private tank farm owners to the detriment of independent petroleum marketers who they force to sell at regulated prices.

    “Our situation is very pathetic. It is very sad that our competitors, the major marketers and NNPC retail outlets buy products from NNPC on credit while Independent Petroleum Marketers borrow money from banks with high interest rates to pay cash to NNPC middlemen.

    “NNPC has vehemently refused to pump petroleum products to virtually all their depots. Still we are held by the jugular to sell at regulated price with no consideration as to how much we bought the products.

    “More worrisome is the astronomical rise in price of diesel which is gradually running independent marketers out of business.

    “To transport petroleum products from the private depots to our stations has become very herculean. Also to power our stations has become strangulating.

    “For instance, we use a minimum of 50 litres of diesel per day at a cost of over N40,000.00. Yet we are “forced” to sell at a regulated price. This should be looked into.

    “All the security agencies, the police, army, civil defence etc, have left their official duties, only to focus attention on independent petroleum marketers.

    “As if that is not enough, multiple and duplicated taxation coupled with draconian revenue regimes of different states and local governments continue to compound the woes and agony of independent petroleum marketers”

    Petrol Sells N250 Per Litre In Anambra

    A litre of PMS, is  sold in Anambra state between N240 and N260 per litre.

    Our correspondent who monitored the situation observed that while most of the filling stations in Awka, the state capital, Onitsha, the commercial hub and Ekwuluobia sold between N240 and N250, their counterparts in Nnewi and Ihiala axis sold between N250 and N260 per litre.

    One of the petrol station managers who preferred anonymity claimed they sourced the product at a very high cost.

    “We only manage to get the product at a very high cost, so there is nothing one can do. A product being produced in Nigeria is being sourced at a very high cost, it is very unfortunate.

    “People think that we the sellers are the problem, not knowing that we are not even making any gain as such; we are only trying to sustain the business,” he said.

    Fuel sells at N290 per litre in Ondo

    PMS was being sold at between N270 and N290 per litre in Akure metropolis.

    The long queue that was seen in most filling stations in Akure and environs had disappeared.

    A manager in one of the petrol stations who spoke on phone said they were selling according to cost price.

    Chairman of IPMAN, Ore Depot, Shina Amoo, said the price of fuel remained high in Akure because the NNPC refused to supply product to depots in Ibadan, Ore and other nearby places.

    Amoo said private depot owner sold products to them at between N220 and N230 per litre.

    He said failure of government  or relevant agencies to act promptly was reason for the high cost of fuel.

     

     

  • BREAKING: France knock England out of World Cup

    BREAKING: France knock England out of World Cup

    Defending Champions France have qualified for the semi-final of the 2022 Qatar World Cup.

    The Les Blues defeated England 2-1 in a fiercely contested quarter final match.

    Read Also: BREAKING: Historic Morocco pick World Cup Semi Final ticket

    England’s Harry Kane lost an 82nd second penalty kick that would have been an equaliser after Giroud headed in the second goal for the defending champions.

    They will play against giant killers Morocco, who became the first African team to qualify for the semi final after a dramatic victory against Portugal.