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Petrol Hike: Total Deregulation Best Option for Nigerians, Says Group

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From Attah Ede, Makurdi

Stakeholders under the auspices of Concerned Energy Consumers In Nigeria(CECIN), have further reaffirmed the  call for total deregulation of the petroleum industry in Nigeria to accommodate the right market template for investors and ensure maximization of investments as well as availability of products.

The Nigerian National Petroleum Corporation Limited, had on Wednesday announced an increase in the pump price of fuel products from N885 per litre to N1,030.

The group who were speaking against the backdrop of this development, called on all Nigerians to join hands together and champion the campaign for full deregulation of the petroleum market to save the nation.

The group further stressed the importance of deregulation of the market, stating that it will attract more foreign investors, eliminate the shortage of refined petroleum products, and combat refined petroleum commodities’ smuggling around the country’s boundaries.

Coordinator of the group, Comrade Innocent Agwa, while speaking at a press conference held in Makurdi, the Benue State capital, Thursday, said absolute deregulation would put an end to the practice of hoarding fuel in the regulated economy.

According to him, the policy is very critical and remains the best way to go for now, stressing that it will allow the industry to reach its full potential and guarantee wider participation of individuals and cut down essences of some authorities.

“With hoarding being a common practice, a free-floating price model for oil and gas will ensure competition while preventing one party from taking advantage of generous subsidies (that were originally made to benefit consumers) to buy too many quantities, thereby creating severe supply shortages.

“Deregulation is the right thing to do for now from an economic perspective because a lot of capital will be freed up for developmental purposes.

“True competition, independent market regulator, consumer protection and investor protection will strive in the atmosphere of a fully and totally deregulated petroleum market sector.

“Again, total deregulation of the petroleum sector will further protect customers’ right, anti-monopoly and price- fixing rules in place and also brings about robust protection of investors’ rights and framework for creating stable and enforcement of regulations.

“Total and complete deregulation  will  further increase the country’s local refining capacity, provide increased investment in the rehabilitation and maintenance of industry infrastructure, storage facilities, pipelines, trucks  etc and also enhance development of open access reception facilities and adoption of industry best practices”,Agwa stated.

Agwa enjoined NNPC limited not to relent in its effort towards ensuring deregulation take its pride of place in Nigeria as it will strike a balance between maintaining sustainability growth of the crude oil value chain( Upstream through downstream) and providing value for the Nigeria consumer and the Nigerian economy.

While noting that the deregulation of the petroleum market remains the most glaring boost to potential investors, Comrade Agwa appeals to NNPCL to find a way to discuss with relevant authorities and find a solution to the issue of right pricing for petrol in the country.

He noted that total deregulation is more than just the removal of price subsidies, as  it is also  aimed at improving business operations, increasing the investments in the oil and gas sector value chain and resulting in the growth in the nation’s downstream petroleum sector as a whole.

“With the takeoff of the 650,000BPD Dangote Refinery and coming off the stream of Bua Group Refinery, Waltersmith Refinery and others will transform Nigeria into a net exporter of crude oil in the near future.

“So, there is a need for all of us to join hands together and champion the campaign for full deregulation of the petroleum market to save our nation”, the group stated.

NEWS

Breaking: George Akume remains SGF – Presidency

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The presidency says there has been no change in the status of Senator George Akume, as Secretary to the Government of the Federation.

This is according to a statement by Special Adviser to the President on Information and Strategy, Bayo Onanuga.

Mr Onanuga says President Bola Tinubu, currently in Saint Lucia, has not made any new appointments.

He described the information circulating about Akume’s replacement as untrue, adding that agents of mischief fabricated it.

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NEWS

Diri Campaigns Against Drug Abuse, Trafficking

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From Mike Tayese, Yenagoa

Bayelsa State Governor, Sen. Douye Diri yesterday, led a campaign against drug abuse and illicit trafficking as part of activities commemorating the International Day Against Drug Abuse and Illicit Trafficking.

Diri advised people of the state, particularly the youths, to shun hard drugs and trafficking of illicit substances, saying they were harmful to their health and to the society.

The Bayelsa governor, who spoke shortly after the weekly Prosperity Walk exercise at the Samson Siasia Sports Complex in Yenagoa, also urged youths to develop themselves by acquiring a skill and work towards actualising their God-given potential.

“We just completed a nine to 10km walk, which is a test of our fitness. As it is said, health is wealth.

“Today is the International Day Against Drug Abuse and Illicit Trafficking. We are not only observing the global campaign, we are also leading it here in Bayelsa.

“No one in his right senses goes to commit crime and violent acts except that individuals are under the influence of hard drugs. My advice to youths is to be self-confident, have the fear of God and develop your innate potential for you to become a star.”

He implored youths to emulate the shining example of a Bayelsa-born United States-based athlete, Victory Godah, who was discovered through the state’s sports programmes.

He commended her gesture of donating sporting equipment as a way of giving back to the state.

“Victory Godah from Ekeremor local government area was discovered here and because of her skill, she is now at the University of Minnesota, United States. She has given back to the state through sports equipment so that more of us can have that access.”

In his remarks, the Commissioner for Health, Prof. Seiyefa Brisibe, emphasised the importance of the weekly walk, stating that participants above 40 years would have their blood pressure controlled after taking about 5,000 steps.

Also, state chairman of the Drug Abuse, Addiction, Prevention and Rehabilitation Committee, Dr Peter Owonaro, said the committee’s outreach in the state had been a huge success, noting that a recent research indicated that the drug abuse prevalence rate in Bayelsa dropped by five per cent from 21.4 per cent.

Also, the state commander of the National Drug Law Enforcement Agency (NDLEA), Kanu Sunny, lauded the state government for its unprecedented support in the fight against drug abuse and trafficking.

He said the campaign was taken to secondary schools as well as tertiary institutions and encouraged all to join in the war against the menace.

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Foreign News

Ally of Cameroon President, 92, Quits ‘Broken’ Government to Challenge Him

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Issa Tchiroma Bakary – a prominent minister and long-time ally of President Paul Biya – has quit Cameroon’s government, in the hope of ending 92-year-old Biya’s four-decade grip on power in upcoming elections.

Just four months before the central African nation went to the polls, Tchiroma said the Biya administration he belonged to had “broken” public trust and he was switching to a rival party.

“A country cannot exist in the service of one man,” he said on Wednesday.

While he was communications minister, Tchiroma notably came under fire for denying – then backtracking on his denial – that Cameroonian soldiers had killed women and children in a viral video.

His other roles during almost two decades in government include being a spokesman for the Biya government, and, until his resignation on Tuesday, he was employment minister.

Paul Biya – the world’s oldest head of state – has yet to confirm if he will attempt an eighth term as president. Last year, the country banned reports on the president’s health following rumours he had died.

As this election approaches, high unemployment and soaring living costs are of concern to many Cameroonians, as are corruption and security. A separatist insurgency in the English-speaking provinces as well as jihadists operating in the northernmost region have forced many thousands of Cameroonians from their homes in the past decade.

Cracks in Tchiroma’s relationship with President Biya were blown open earlier this month, when he told crowds in his home city of Garoua that Biya’s time in power had not benefited them in any way.

Tchiroma, widely reported to be 75, continued this criticism in a 24-page manifesto released a day after his resignation – promising to dismantle “the old system” so that Cameroon could move beyond “abuse, contempt, and the confiscation of power”.

One of his proposed solutions is federalism – he is offering to hold a referendum on devolving more power to Cameroon’s 10 provinces. This has long been mooted by many as a solution to the country’s so-called Anglophone crisis.

Specifically addressing English-speaking Cameroonians, who have long complained of marginalisation and discrimination in Francophone-dominated public institutions, he said “you do not need people to speak for you – you need to be listened to” and that “centralisation has failed”.

Tchiroma also used his manifesto to say Cameroon “has been ruled for decades by the same vision, the same system. This model, long presented as a safeguard of stability, has gradually stifled progress, paralysed our institutions, and broken the bond of trust between the state and its citizens”.

As the October presidential election approaches, rights groups have condemned the government’s crackdown on dissent.

Shortly after Tchiroma announced his plans to run for the presidency, the government reportedly announced a ban on all political activities by his Cameroon National Salvation Front (CNSF) party in a sub-district of the Far North region – a part of the country where he is said to be an influential power-broker.

Weeks earlier, fellow presidential hopeful Maurice Kamto had his movements curtailed during a two-day police stakeout in Douala, after promising supporters at a rally in Paris that he would protect Biya and his family if he wins in October.

Parliamentary elections that were also supposed to take place earlier this year have been delayed until 2026.

Reaction to Tchiroma’s presidential bid has been mixed – some think he is canny.

“By positioning himself as the elder statesman who ‘saw the fire coming’, Tchiroma is hedging that his break with Biya will be seen as bold – not opportunistic,” Cameroonian analyst and broadcaster Jules Domshe said.

“From economic fallout to youth unemployment, insecurity, and growing unrest in the North-West, South-West, and Far North [regions], Cameroon is ripe for change.”

Opposition voices are divided – some want Tchiroma to support Kamto, who was the runner-up in 2018 with 14% of votes. But others say he is tainted by his long association with Biya.

“He cannot embody change… He was part of the system for too long. The youth do not trust him,” says Abdoulaye Harissou, a legal notary and prominent critic once detained by the government.

Another member of the opposition – Jean Michel Nintcheu of the APC coalition – simply said: “We don’t see Tchiroma as a potential winner.”

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