NEWS
FG Does not Know Nigeria’s Daily Petrol Consumption- Sylva
By Joseph Amah, Abuja
The Federal Government has conceded that the country did not know and cannot tell the exact volume of Premium Motor Spirit, popularly called petrol, which it consumes on a daily basis.
It stated this just as oil marketers explained that Nigeria’s inability to give a definite figure on the quantity of petrol it consumes daily was due to the continued smuggling of PMS out of the country.
The Minister of State for Petroleum Resources, Timipre Sylva, stated that the Nigerian National Petroleum Company Limited had also agreed that Nigeria could not tell the exact amount of petrol consumed across the country daily.
He disclosed this in an interview with his media team, led by his Senior Adviser, Media and Communications, Horatius Egua, which was made available to our correspondent in Abuja on Friday.
Asked to react to the N3trillion fuel subsidy proposal by NNPC, amid concerns about the country’s PMS consumption figure, Sylva replied, “I would have preferred that this question be directed to the NNPC.“I have made my views known about this issue in the past.NNPC has agreed with me that they are not certain about the exact consumption figure.”He said the truth was that if the country’s petroleum products were smuggled outside the country, nobody could say what volume was involved today, tomorrow or next week, adding that NNPC could not say they know these figures.“It’s more or less fueling a criminal economy. The NNPC imports the products, and nobody knows the exact destination of the products at the end of the day,” Sylva stated.
He added, “The imported products come to Nigeria, and from there filters out of our borders to neighbouring countries.“So, as a country, we cannot tell the exact volume of petroleum products that we consume on a daily basis. All we have been doing is to assume the level of consumption over a period and work with that.”He, however, expressed belief that the NNPC probably had a better answer to this, stressing that “personally, I dont.“I have said this publicly before that I don’t know the figure. When I assumed office, initially I was told that our daily consumption was 66 million litres.“Then, when fuel prices increased from N145 to N162, the consumption figure temporarily fell to about 40 something million litres per day, because the arbitrage opportunity reduced,” Sylva stated.
He added, “Then the value of the naira dropped again, and the number went up again to over 60 million litres. I am told the figure sometimes rise to as high as 90 or over 100 million litres. I don’t know how that happens.“At this rate, I have said if anyone is looking at a criminal enterprise, look no further than the fuel subsidy.”This, the minister said, was why he had continued to advocate the removal of fuel subsidy from the country’s PMS pricing template and deregulate.
He said the President, Major General Muhammadu Buhari (retd.), had done everything to resolve the issue, including the closure of the country’s borders with neighbouring countries, yet the criminality was not stopped.“The truth is that what the President could do was to close the ‘formal’ borders. What about the illegal routes?,” Sylva asked.
On what could be done, the minister said if the subsidy component was taken out through deregulation, smuggling of PMS to neighbouring nations would cease.“Of course, we need the market from there. But now we are punishing ourselves because every litre we import at our expense will always find its way outside the country,” he stated.
He added, “Now, the government is trying to subsidise our citizens so that our people will at least get the benefit of the subsidy on petroleum products.“But, now because of how our borders are, it is very difficult. Now, we are inadvertently subsidising the whole of Africa. This is the thing we cannot handle.”Also speaking on the matter, the Executive Secretary of the Major Oil Marketers of Nigeria, Clement Isong, told our correspondent that the cheap fuel in the country had remained an incentive to smugglers.
He said, “The higher the price (of petrol) is outside the country and you see prices where they are in the country, the natural response is that normal people such as farmers, okada drivers, transporters, etc, will leave their jobs to go and sell petrol.“This is because of the mark-up. This is why, particularly in Abuja, you see many people carrying jerrycans of fuel selling them on major roads. This also plays along our borders.“For as long as the international price continues to rise and we keep our own prices where they are, what will happen is that those countries will suck the products out of Nigeria and you simply will not find the product in Nigeria.”Isong added, “If you go to those countries, the marketers there will tell you that they are unable to sell because of the product coming from Nigeria is killing their market. This happens in all the countries around Nigeria.”He stated that the normal supply chain volumes would continue to go down because the products were leaving Nigeria, describing those smuggling out PMS as ordinary everyday citizens.“This is because they simply make more money buying from here at N162-N165/litre and going across the border to sell at N500/litre. It is more money for them and it is simply the law of economics, called arbitrage, which is a market distortion,” Isong stated.
He added, “And it is what the subsidy on petrol does on Nigeria, a market distortion. Something is worth N500 and you’re selling at N200. Now where you’re supposed to find it at N200 you will not see it because it has moved to where the actual value of N500 is.“This can also contribute to the scarcity we see in parts of Nigeria. That is why NNPC if it is meant to normally supply 60 million litres per day, for it to keep queues out of filling stations, it will have to increase its supply to 90 to 100 million litres. That’s the problem.”The MOMAN official said Nigeria must wean itself of fuel subsidy, “because we are killing both our present and future.“We simply cannot afford it. We are borrowing money for it.”
NEWS
NDA Commandant Decorates Ombugadu, Others as Fellows of Solar Energy Society of Nigeria
From Abel Zwànke, Lafia
The 2023 gubernatorial candidate of the People’s Democratic Party (PDP) in Nasarawa State, His Excellency Rt. Hon. David Emmanuel Ombugadu, has been decorated as a Fellow of the Solar Energy Society of Nigeria (SESN). Ombugadu received the Fellowship Award of Excellence during the 41st National Solar Energy Forum (NASEF) 2024, held on December 10 at the Nigerian Defence Academy (NDA) Postgraduate School, Kaduna.
The award, presented by the NDA Commandant, Major General John Ochai, recognized Ombugadu’s exceptional contributions to renewable energy advocacy and sustainable development in Nigeria.
Speaking to journalist yesterday after receiving the award Ombugadu expressed gratitude for the honour.“I am deeply honourd to receive this prestigious Fellowship Award from the Solar Energy Society of Nigeria in collaboration with the Nigerian Defence Academy. This recognition highlights the importance of renewable energy in addressing our nation’s energy challenges and fostering sustainable development,” he said.
Ombugadu advocated for increased investments in renewable energy, noting that over 80 million Nigerians lack access to electricity. “This award is a call to action. Renewable energy is essential for our national development, and we must commit more resources to this transition to empower communities and combat climate change,” Ombugadu stated.
Reading Ombugadu’s citation, the organizers described him as a philanthropist, entrepreneur, and visionary leader. Known for his contributions to healthcare, education, and water supply in rural areas, Ombugadu has drilled over 1,500 boreholes and enrolled more than 12,000 people in the National Health Insurance Scheme (NHIS).
Themed “Advancing Solar Energy Solutions for Sustainable Development,” the forum brought together energy experts, policymakers, and industry stakeholders to strategize on enhancing Nigeria’s energy security through solar technology.
Major General Ochai, who was also conferred as a Fellow, highlighted the NDA’s strides in adopting renewable energy for sustainability. “Earlier this year, the NDA established the Biodiversity and Conservation Centre, targeted at conserving the environment. In a few days, we will inaugurate a 2.5-megawatt solar farm, which will take the NDA off the national grid, help decarbonize the environment, and cut energy costs,” Ochai said.
He emphasised the academy’s commitment to community support, adding, “Whatever energy we generate through solar power will also benefit the Afaka community as part of our corporate social responsibility. Solar energy is the future, and we are proud to champion this cause.”
The Minister of Housing and Urban Development, Ahmad Dangiwa, represented by Aishatu Yusha’u, emphasized the role of solar energy in urban development. “Solar energy can reduce greenhouse gas emissions, enhance energy efficiency, and promote sustainability in urban planning,” she said.
Prof. Magnus Onuoha, President of the Renewable Energy and Energy Efficiency Associations Alliance (REEEAA), praised the NDA’s bold step in constructing its solar power plant. “The NDA’s solar farm will serve as a shining example of what can be achieved when institutions prioritize sustainability and renewable energy,” Onuoha said.
He called for comprehensive policies to address Nigeria’s energy challenges. “Our alliance is committed to promoting the growth of renewable energy and transitioning from fossil fuels to cleaner, more sustainable sources,” he added.
The Rural Electrification Agency (REA), through its Managing Director, Abba Abubakar, represented by Timothy Shekari, reiterated its commitment to providing energy access to underserved communities, highlighting initiatives that have energized markets and impacted over 1.2 million people.
The forum concluded with renewed commitments from stakeholders to advance renewable energy initiatives across Nigeria, with solar energy taking center stage in the nation’s sustainable development goals.
Other distinguished recipients included Kaduna State Governor Senator Uba Sani, represented by the Managing Director of the Kaduna State Power Supply Company, Aminu Idris, and Mrs. Olanike Olugboji-Daramola, CEO of the Women Initiative for Sustainable Environment (WISE).
NEWS
Yuletide: Bode George Urges Tinubu to Reduce Petrol Price
Chief Bode George, a former Deputy National Chairman of the Peoples Democratic Party (PDP), has urged President Bola Tinubu to reduce the price of petrol to N300 per litre ,to make things easy for Nigerians during the festive season.
George, the Atona Oodua of Yorubaland, made this plea at an interactive session with newsmen on Wednesday in Lagos.
The price of Premium Motor Spirit, popularly known as petrol, is currently above N1,000 per litre.
According to the elder statesman,Nigerians are going through hardship, the President should give an order to reduce fuel price, specifying time frame the people will enjoy such window of relief.
He said that the federal government as well as well- meaning individuals and businesses could bear the cost of such price slash , to bring happiness to all Nigerians.
The PDP leader, who noted that December and January are special months , said that such gesture could start from the middle of December and run through January.
“I have been thinking, as a Nigerian, what can we do because the anger and the hunger are almost equal on the streets of Nigeria.
“What am I suggesting is that Mr President should sit down with his managers and give an order that from the middle of December to the end of January, the cost of petrol will be N300 per litre.
“The government can absorb the losses in the interest of the suffering people.
“If they (government) want others to contribute, let us know how much that is going to cost and ask people to donate, to bear the cost.
“We will be sending a lot of messages of happiness across the tribes and homes.
“Everybody in Nigeria will be happy because it will positively impact on this period of the year. It is a challenge and he (Tinubu) can do it.
“We need this in this December and January to put smiles on the faces of Nigerians, ” George, a PDP Board of Trustees (BOT) life member, said.
Advising the President to take further measures to bring relief to the people, he said that the gesture would crash prices of essential commodities and services for the benefit of all .
He said that government’s efforts should be concentrated on reducing high inflation rate, unemployment, poverty and youth restlessness in order to create a better future for Nigerians
Speaking on the recent presidential election in Ghana, George noted that Nigeria’s electoral system needed reforms to guard against electoral frauds and manipulations.
According to him, the nation will continue to grope for development if the system fails to encourage best candidates to emerge.
Stating that election must reflect the wishes of the people and be devoid of religious and tribal sentiments, George said that Ghana election should be a wake up call for Nigeria.
“INEC performance must improve. The commission must make sure that the voice of the people is heard in elections.
“Electoral offenders should be made to face the music and sent to jail. We must be very firm about due process, credibility and transparency in elections,” he said.
Urging the President to revisit resolutions in the 2014 Constitutional Conference, George said that the current constitution was not federal in principle and practice.
“We should not deceive ourselves, the constitution is a problem. It is a military constitution, it is not democratic,” he said.
George called on the National Assembly to ensure devolution of powers and electoral reforms that would do away with manual collation of election results and mandate electronic transmission of election results from polling units.
George disagreed with political watchers saying no vacancy in presidency in 2027.
On the dwindling strength of the former ruling party, George, who noted that all organisations had its ups and downs, said that selfish interests and disregard for party rules remained PDP’s major challenge.
He said that PDP could bounce back and win presidential election if the leadership decided to elevate national interest above selfish interests and adhere to the party’s constitution.
“We will tell ourselves some serious old truth. We messed ourselves up. ” he said.
Stating, however, that the PDP was not dead, George said that lack of justice, equity, fairness and the inability to adhere to the party’s zoning and rotational principle cost the party victory in 2023.
Calling on the party’s founding fathers alive to wake up and rescue the party, George said that Nigerians were still waiting for the former ruling party to take over power and put things right. (NAN)
NEWS
Tinubu Set for Groundbreaking of Renewed Hope City in Lagos
President Bola Tinubu, is set to perform the groundbreaking of 2,000 housing units of the Renewed Hope City in Ibeju Lekki, Lagos, in the next few weeks.
Mr Ahmed Dangiwa, Minister of Housing and Urban Development, announced this during an official assessment visit, on Wednesday in Lagos
Dangiwa said Lagos would represent the South-west, while the president would do that of the North-West in Kano, before doing that of the four other regions.
“Arrangements is already on ground, we have gotten sites, and work has commenced for 2000 houses in the Renewed Hope City that we intend to build in Ibeju-Lekki,” he said.
Towards achieving the set goal, the minister said the visiting team also paid a courtesy visit to Gov.
Babajide Sanwo-Olu to discuss area of collaboration between the federal and state governments.He disclosed that the federal and Lagos state governments had agreed to set up a Tripartite committee and ensure all the issues of concerns between the parties were resolved amicably for the benefit of all.
Earlier, the Minister embarked on an assessment visit of deplorable Federal Government buildings and assets across Lagos state in a bid to commence rehabilitation on them in a few months.
Dangiwa said the rehabilitation was necessary as the deplorable buildings posed a challenge and security concerns to the Lagos state government. (NAN)