NEWS
Fuel Scarcity: Experts want FG Collaborate with Local Refineries
Some experts in oil and gas business have urged the Federal Government to collaborate with local refineries to process the daily allocation of 445,000 barrels of crude oil for domestic use, based on a tolling arrangement.The experts gave the advice in interviews on Monday in Lagos. Report says that the advice is coming amid fuel scarcity in the country.
Mr Rabiu Bello, Senior Independent Non-Executive Director at Seplat Energy Plc. , said that collaborating with local refineries would help the government to secure petroleum products needed for domestic consumption and allow export of excess products. Bello said that such a collaboration would enable the Dangote Petroleum Refinery and other local refineries to operate profitably and achieve over 65 per cent capacity utilisation without requiring substantial additional investments in crude oil supplies.He added that the Federal Government should conduct a forensic audit of NNPC/NNPCL’s financial records to assess the actual cost of importing and delivering petroleum products to Nigeria from 2012 to 2024.Mr Tunji Oyebanji, a member of the Major Oil Marketers Association of Nigeria, advocated full implementation of the Petroleum Industry Act (PIA).He said that PIA would allow market forces to determine petrol price and reduce financial burden on importers and local refineries.“Selling below cost is not sustainable.“If prices are set at an economic level, other suppliers might enter the market, improving supply and reducing financial strain.Mr Henry Adigun, an oil and gas consultant, also called for full implementation of the PIA to streamline operations in Nigeria’s downstream sector of Nigeria’s petroleum industry.Adigun said that the current fuel scarcity could be mitigated if the government could pay outstanding debts to importers and allow fuel prices to return to market levels.Mr Olufemi Soneye, Chief Corporate Communications Officer at NNPC Ltd., had, on Sept. 1, acknowledged that the company was facing financial strains due to high cost of petrol also known as Premium Motor Spirit (PMS).He said that the increased cost was affecting the sustainability of fuel distribution.Soneye gave the assurance that NNPC Ltd. remained committed to its roles and was working with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products.our correspondents who monitored the fuel situation within Lagos metropolis report that fuel price has surged as scarcity worsens.Many filling stations on Ikorodu Road, Agege, Iyana-Ipaja, Ikeja, Somolu, Bariga, Ogba and Surulere were closed due to petrol shortage.Also, long queues characterised few filling stations selling the product.Meanwhile, some motorists have expressed frustration at the persistent scarcity of PMS.They also decried the long queues at filling stations as well as increased black market sale of the product.At Ikorodu, Epe, Badagry, and Ibeju-Lekki, a litre of petrol sells for N940 and above.A Mobil filling station at Abule Egba sells petrol for up to N700 per litre.Mr Adesanya Tunde, Manager at Mobil Station at Abule Egba, said: “We couldn’t get enough supply, which is impacting our business and our customers.” We are doing our best to manage the situation, but it is challenging.”Mr Abiodun Ayeni, a Manager at a Conoil Station, blamed the increase on PMS pump price on scarcity of the product. (NAN)NEWS
Abia LG Polls: ZLP Wins 15 Chairmanship Seats, YPP
The Zenith Labour Party (ZLP) has clinched 15 Chairmanship seats in Saturday’s Local Government Elections in Abia, while the Young Progressives Party (YPP) won two seats.The Chairman of the Abia State Independent Electoral Commission (ABSIEC), Prof George Chima, announced the result of the chairmanship poll at thecommission’s headquarters in Umuahia.
Chima said: “We have carried out the duty we were inaugurated on September 5 to undertake. “It was not an easy task, but we went out on our way to create awareness about the elections across the state. “It must be noted that, in recent times, this commission has not conducted an election where over 12 political parties took part, this on its own is a plus to the commission.”The ABSIEC boss said that the chairmanship and councillorship polls took place in the 17 Local Government Areas (LGAs).He described the exercise as “free fair and credible”.He said that the elections were a demonstration of the commission’s dedication, focus and efficiency.Chima expressed joy that the commission successfully completed, in just two months, a task that typically required six to 12 months of effort.“I congratulate the winners and the losers too, because in any election there must be winners and losers.“The most important thing is that Abia has been peaceful and I want the peace to continue.“I appreciate the security agencies for their support, political parties for playing the game according to the rule,” Chima said.Report says that ZLP won in Isiala Ngwa South, Isiala Ngwa North, Umuahia North, Umuahia South, Ukwa East, Ukwa West, Obingwa, Aba North, Aba South, Isuikwuato, Umunneochi, Arochukwu, Bende, and Ohafia LGAs.The remaining two LGAs of Osisioma and Ugwunagbo were won by YPP. (NAN)Foreign News
Trump, Harris Make their Final Campaign Rounds, Millions Vote Early
Democratic presidential candidate Kamala Harris appeared on the “Saturday Night Live” TV comedy show on Saturday, adding a surprise jolt to the U.S presidential election ust three days before her with showdown with Republican Donald Trump.“Keep Calm-ala and carry on-ala,” Harris said in unison with the actor who plays her on the show, Maya Rudolph.
It was Harris’ first time on the show, which has had other presidential candidates over its decades-long run. Trump appeared during his first presidential bid in 2015, where he poked fun at his tendency to exaggerate and steer clear of policy specifics.He also appeared in 2004, long before he entered politics.A Trump aide said he didn’t know if he had been invited to appear this year.Earlier on Saturday, Harris and Trump’s planes shared the tarmac in Charlotte, North Carolina, as the two candidates held dueling events in the southern state, one of a handful that will determine the outcome of Tuesday’s election.It was the fourth day in a row that the candidates campaigned in the same state.Only seven states are seen as truly competitive, but poll released on Saturday showed Harris holding a surprise lead in Iowa, a state Trump won easily in the last two elections.Trump and Harris stuck to familiar themes at their appearances.Trump said he would deport millions of immigrants if elected and warned that if Harris wins, “Every town in America would be turned into a squalid, dangerous refugee camp.”Campaigning in Atlanta, Harris said Trump would abuse his power if he returned to the White House.“This is someone who is increasingly unstable, obsessed with revenge, consumed with grievance, and the man is out for unchecked power,” she said.More than 75 million Americans have already cast ballots, according to the Election Lab at the University of Florida, in a sign of voter enthusiasm.In North Carolina, the western counties that were devastated by Hurricane Helene appeared to be voting at roughly the same rate as the rest of the state, according to Catawba College political science professor Michael Bitzer.At a later rally in Salem, Virginia, Trump said he ran for office to rescue the economy from “obliteration” even though it would have been easier to relax at one of his oceanfront resorts.“I didn’t need to be here today,” he said. “I could have been standing on that beach, my beautiful white skin getting nice and being smacked, being smacked in the face by a wave loaded up with salt water.”Trump was joined on stage by women from a local college swim team who have objected to competing against transgender athletes.Some of Trump’s TV ads have sought to capitalise on transgender controversies.Meanwhile, Kamala Harris has surpassed Donald Trump in a new poll in Iowa, according to the Des Moines Register/Mediacom Iowa Poll released on Saturday.Women voters are likely responsible for the turnaround in a state that Trump easily won in 2016 and 2020.The poll of 808 likely voters, who were surveyed Oct. 28-31, has Harris leading Trump 47%-44% in Iowa, which has been trending deeply Republican in recent years.It is within the 3.4 percentage point margin of error, but it marked a turnaround from a September Iowa Poll that had Trump with a 4-point lead, the newspaper reported.“The poll shows that women — particularly those who are older or who are politically independent — are driving the late shift toward Harris,” the Register said.Trump senior adviser Jason Miller said the Iowa poll was “idiotic” and an outlier that has no credibility. (Reuters/NAN)NEWS
Katsina Scrap Dealers Launch Task Force to Combat Vandals
The Katsina State chapter of the National Association of Scrap and Waste Dealers, Employers of Nigeria, has inaugurated a 200-member task force committee to tackle vandals hiding under their umbrella.
Report says that during the inauguration in Katsina on Saturday, the association also launched its newly elected executive members in the state.
Alhaji Aminu Hassan-Soja, the North Regional President of the association, said the aim of the committee was to curtail vandalism in the state.
Hassan-Soja said: “There is no doubt, vandalism has now become a serious threat to the nation, and Katsina in particular, and accusing fingers are pointing at our members.
“To show the world that we are not vandals, criminals or thieves, but we are doing our legal businesses, that’s why we inaugurated this task force committee.
“The aim is to complement the efforts of government in tackling the activities of vandals in the nation, this is the focus of the committee.
“Our business is about buying and selling metals. I can confidently say that this business is contributing so much to the country’s economy, apart from reducing unemployment.”
He also revealed that scrap and waste dealers also clean the environment, and control the country’s economy through the supply of raw materials to over 70 per cent of Nigerian companies.
“Some of the companies we supply with the raw materials include steel, plastic, and also roofing sheets, where we supply them with scrap metals. We support the country’s economy through sustaining the recycling industry.
“Because without our activities, no investor will come to Nigeria because they can not see raw materials to process and make finished products.
“Also, most of our companies will wind-up because there’s no raw materials for them to process. This is where we contribute to the development of the country’s economy,” he said.
The regional president further explained that across the country, they have over 5 million members engaging and benefitting from the business, while Katsina accounted for over 200,000 members.
Also speaking, a member of Katsina State House of Assembly, representing Funtua constituency, Alhaji Abubakar Total said the assembly was not planning to ban the scrap activities, but trying to sanitise the business.
According to Total, there are some bad elements hiding under the association to vandalise and steal public and other people’s property in the state.
He explained that the assembly only urged the government to find a way of regulating their activities by engaging the leadership of the association and other relevant stakeholders. (NAN)