NEWS
Expert Unveils App for Tracking Petroleum Products Availability in Fuel Stations
An Energy Expert, Prof. Billy Okoye has unveiled `AptFuel Technology’, an application capable of navigating and accessing availability, prices and ratings of petroleum products at fuel stations nationwide.
Okoye, Coordinator, Oil, Gas and Energy Marketing, University of Abuja Business School, and a former Group Executive Director, Nigerian National Petroleum Company Limited, unveiled the application alongside two books on Thursday in Abuja.
The two books he authored are entitled ‘Dynamics of Petroleum Products Marketing’ and ‘Insight into Crude Oil Marketing’.
Reports says that the application which could be downloaded from the Google Play Store is a recognised system globally, that automates processes at midstream and downstream petroleum value chain.
Okoye said the app was built specifically because of the current challenges witnessed in the distribution, accessibility and pricing of petroleum products especially during scarcity.
According to him it will help to assess fuel prices, transactions, proximity and market dynamics, among others.
He said the two books aimed at navigating the volatile and changing world of crude oil market realities.
Mr Damat Abdullahi, the Chief Executive Officer, Damat and Sons Limited while reviewing the technology, said the application would help people to determine product availability at preferred destination for refuelling.
According to Abdullahi, the current happenings concerning deregulation show that there will be different price variations which will open a window for people to have choices in the prices of petroleum products.
“At the comfort of your home, once you download AptFuel mobile application in your phone, it will give you an insight of the filling station to utilise in terms of proximity, product availability and best rated according to users.
“It has a Navigation system such as the `Uber’ app which will help one to choose a preferred station from one’s comfort zone after comparing prices, then navigate your driving to the station,’’ he said.
He said the initiator (Okoye) had overtime studied the problems encountered by Nigerians and motorists concerning transactions while trying to pay at the fuel stations after fuelling their vehicles.
He said on this background, users could access the application’s `Instant Wallet’ which could allow code generation to be given to a third party (driver) at stipulated price to be scanned by a fuel attendant for accurate sale and value.
“It is billed to have four different applications synchronised to give quick access and navigation or tracking system that will take you through the comfort of your home to the fuel station with ease,’’ he said.
Malam Mele Kyari, Group Chief Executive Officer, NNPC Ltd. lauded the author for his gestures, zeal and energy in documenting oil and gas processes as well as his urge for knowledge transfer in the academia.
“We recommend these books not only to Nigerians but to the international community to learn what Nigeria has passed through, the struggle of the past and present NNPC Ltd to keep vehicles on the road,’’ he said.
Kyari, represented by Chief Financial Officer, NNPC Ltd, Alhaji Umar Ajiya said the trajectory of refining products outside Nigeria would change in 2024 hence crude would be refined in Nigeria.
“Nigerians will no more buy petroleum products refined abroad, rather products will be refined locally,’’ he added.
In an address, Prof. Abdul-Rasheed Na’Allah, Vice Chancellor, University of Abuja who described Nigeria as the sixth biggest oil producer globally, emphasised the need to harness properly the resources through best strategies occasioned by the books.
Mr Olakekan Ogunleye, Executive Vice President at the NNPC Ltd. reviewed the ‘Dynamics of Petroleum Products Marketing’ while Alhaji Farouk Ahmed, Authority Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority reviewed the ‘’Insight into Crude Oil Marketing’.
The unveiling of the books was anchored by Mr Debo Olujimi, Group Managing Director, Emadeb Energy Limited.
Reports says that the books serve as valuable resources for understanding the dynamics, challenges, strategies and logistics, shaping crude oil markets in a competitive environment.(NAN)
NEWS
Police Neutralise 6 Hoodlums, Recover Firearms in Bauchi
The Police Command in Bauchi State, says it has neutralised six hoodlums in a crackdown against criminal elements in Ningi Local Government Area of the state.
The police operatives also recovered arms and ammunition during the operations.
The Commissioner of Police in the state, Awwal Musa, stated this at a news conference on Friday in Bauchi.
“The Command neutralise six hoodlums, recover firearms and ammunition in Ningi axis.
“Apprehension of a suspect for illegal possession of two AK-47 rifles and 343 rounds of ammunition
“Mop-up of illegal firearms from public spaces and arrest of suspects in connection with criminal conspiracy and culpable homicide,” he said.
He reiterated commiment to suppress criminal activities across border communities in Alkaleri, Ningi and Toro LGAs.
According to Musa, the command is collaborating with sister security agencies and quasi security outfits enhancing community policing and partnership with local stakeholders.
“We urge all citizens to support our efforts by reporting suspicious activities promptly,” he said. (NAN)
NEWS
Why Tax Reform Bills May not be Recalled – Tinubu
Proposed tax reform bills at the National Assembly will not be withdrawn, says President Bola Tinubu.
The National Economic Council (NEC) on Thursday called for the bills’ withdrawal for further consultations.
The President, in a statement on Friday by Mr Bayo Onanuga, his Special Adviser, Information and Strategy, however, urged that the legislative process be allowed to take its course.
Tinubu said the legislative process, which had already begun, provided an opportunity for inputs and necessary changes without withdrawing the bills from the National Assembly.
He welcomed further consultations and engagement with key stakeholders to address any reservations about the bills while the National Assembly considered them for passage.
The statement read: “When President Tinubu set up the Presidential Committee on Tax and Fiscal Policy Reform in August 2023, he had only one objective.
“This is to reposition the economy for better productivity and efficiency and make the operating environment for investment and businesses more conducive.
“This objective remains more critical even today than ever before.”
The committee worked for over a year and received inputs from various segments of society across the geopolitical zones.
Inputs were received from trade associations, professional bodies, various MDAs, governors, traders, students, business owners and the organised private sector.
“The tax reform bills that emerged were distilled from the extensive work of the Presidential Committee.
“The tax bills before the National Assembly aim to streamline Nigeria’s tax administration processes, completely overhaul the nation’s tax operations, and align them with global best practices,” the statement read in part.
The tax reform bills include the Nigeria Tax Bill, which seeks to eliminate multiple taxation and make Nigeria’s economy more competitive by simplifying tax obligations for businesses and individuals nationwide.
The Nigeria Tax Administration Bill (NTAB) proposes new rules governing the administration of all taxes in the country.
Its objective is to harmonise tax administrative processes across federal, state and local jurisdictions to ease taxpayers’ compliance and enhance the revenue for all tiers of government.
The Nigeria Revenue Service (Establishment) seeks to re-establish the Federal Inland Revenue Service (FIRS) as the Nigeria Revenue Service (NRS) to better reflect its mandate as the revenue agency for the entire federation, not just the Federal Government.
The Joint Revenue Board Establishment proposes creating a Joint Revenue Board to replace the Joint Tax Board, covering federal and all state tax authorities.
The fourth bill will also establish the Office of Tax Ombudsman under the Joint Revenue Board, protecting taxpayers’ interests and facilitating dispute resolution.
The statement read: “The bills’ overarching objective is to effectively coordinate federal, state, and local tax authorities, thereby eliminating the overlapping responsibilities, confusion, and inefficiency that have plagued tax administration in Nigeria for decades.
“Under existing laws, taxes like Company Income Tax, Personal Income Tax, Capital Gains Tax, Petroleum Profits Tax, Tertiary Education Tax, Value-Added and other taxing provisions in numerous laws are administered separately, with individual legislative frameworks.”
The proposed reforms seek to consolidate these numerous taxes, integrating them and excise duties into a unified structure to reduce administrative fragmentation.
“While there may be differences in approach or specific provisions of the new tax bills, what is not in contention is the need to review our tax laws and how we administer them to serve our overall national development agenda.
“President Tinubu will continue to respect and welcome the advice and recommendations of the National Economic Council, an essential constitutional organ of government on economic matters,” the statement read. (NAN)
NEWS
Minister, NMA Hail NSA, Security Forces over Rescue of Kaduna Doctor
Dr Tunji Alausa, former Minister of State for Health and Social Development, has commended the Office of the National Security Adviser (ONSA), for rescuing Dr Ganiyat Popoola and her nephew.
Alausa also commended the military and other security agencies for the safe rescue of the kidnapped victims after 10 months in captivity.
Alausa, now Minister of Education, gave the commendation when the rescued victims got reunited with their family by the National Security Adviser (NSA), Mallam Nuhu Ribadu.
on Friday in Abuja.He thanked President Bola Tinubu for his commitment to the safety and security of all citizens, as well as the NSA for facilitating the release of Dr Popoola without ransom.
According to him, President Bola Tinubu has invested so much resources in making the country safe.
“As we can see, security is significantly better all across the country but we are not there yet but it is going to continue to get better.
“I will also like to thank the entire armed forces for working so hard to secure the release of Dr. Popoola.
“More importantly, the NSA, who continuously reassures us that Dr. Popoola is alive in spite of being in captivity for about 10 months,” he said.
Alausa said that Popoola and her nephew have been released without any bad occurrences.
“This shows the skills of our armed forces, they did this without paying ransom and they secured the release of Popoola and her nephew.
“The country Nigeria is forever grateful to them,” he said.
The minister also thanked the Nigerian Medical Association (NMA) and the National Association of Resident Doctors (NARD) for their perseverance, trust in the government and persistence in ensuring the safe release of their colleague.
He urged all Nigerians to join hands with the security forces to fight insecurity in the country, adding that the challenges should be seen as Nigeria’s.
On his part, the President of NMA, Dr Bala Audu, described the rescue of Popoola along with her nephew as a miraculous outcome that all Nigerian doctors and indeed all Nigerians were happy with.
Audu acknowledged the specific efforts and persistence of all Nigerian doctors through NARD and the persistence of the Minister of Health in reaching out to the ONSA.
Also, the President of NARD, Dr Tope Osundare, expressed appreciation to President Tinubu for the support and concern for all the doctors all over the country.
Osundare said the collaborative efforts of the government agencies and institutions in synergy with NMA, ensured the release of Dr Popoola.
“We were emotionally traumatised as a body, we had our meetings, we had our protests and we had the reassurance.
“That is why our thanks go to the President and the NSA for all that they have done to ensure the release of Dr Poppola out of captivity.
“Today we are celebrating and we are happy that she is out of this captivity because I can imagine what she has gone through within that period of over 10 months.
“Today we want to appreciate God and appreciate everyone that has been involved,” he said.
The Defence Headquarters (DHQ) had earlier in the day confirmed the rescue of Popoola and other victims through non-kinetic operations in a series of operations with other security agencies.
The Director of Defence Media Operations, Maj.-Gen. Edward Buba, in a statement, said that the details of their release had remained classified due to ongoing operations. (NAN)