NEWS
Fuel Stations to Operate Longer Hours to Aid PMS Supply – NNPC Ltd.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says fuel stations are to operate longer hours for supply and distribution of petrol, calling on fuel stations to aid availability in view of the current tight situation.
The NNPC Ltd. says the turnaround period of PMS trucking is also elongated to ease the situation being witnessed.
The Executive Vice President, Downstream, Mr Dapo Segun, NNPC Ltd.
said this on Monday in Abuja during a joint inspection of stations by the firm and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) officials.The NNPC Ltd. and the NMDPRA embarked on a joint monitoring of the supply and distribution of fuel stations in the FCT and across the country to ensure that queues disappear.
The NNPC Ltd. had said that fuel queues in the FCT and parts of the country were as a result of disruption of ship-to-ship (STS) transfer of fuel between Mother Vessels and Daughter Vessels resulting from recent thunderstorms.
It said adverse weather conditions; including rainstorm and lightning, had also affected berthing at jetties, truck load-outs and transportation of products to filling stations, causing a disruption in station supply logistics.
Speaking during the inspection, Segun said there was a gap in ship-to-shore discharge of PMS which he described as a volatile liquid, adding that during thunderstorms it could not be discharged rather it had to suspend ship-to-shore movement.
“This also affected the loading of trucks at the depot too because of safety reasons, so we have to suspend all that during thunderstorms and that’s why you see this tightness.
“Though we have a challenge over the bad portions of motorways which deteriorated due to rains and flood across the country, we will ensure that we are loading out all through the weekend and that we are mobilising trucks.
“We are getting fuel stations to run for longer hours and we are getting marketers to collaborate and share stocks, rather than have a station with more trucks, they can release those trucks to other stations for circulation,’’ he said.
Mr Ogbugo Ukoha, Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA, said the tightness in Abuja and parts of Lagos arose from the inclement weather which affected operations offshore and routes trucks ply.
When asked of its effort to stop hoarding and the nefarious activities of black-marketers, Ukoha said its officials were on the ground going through the stations and depots to make sure that there was no hoarding.
“Due to the tightness in supply, there may be elements who will try to take advantage of that. We assure Nigerians to go about their businesses and purchase the volume they need without panic,’’ he said.
On any plan to increase fuel pump price, Ukoha said there was no intention or any anticipated plan to increase pump price, adding that the two organisations would continue to collaborate to ensure energy security.
On this background, he said, the authority had done its regulation on national strategic stock and framework, adding that it was at the threshold of operationalising the framework.
“Again the sensitivity on the pump price is another matter, once those national strategic stocks are in place the logistic issues we have will be mitigated to a large extent and stabilise both supply and prices,” Ukoha added.
Report says that the team inspected fuel stations in the FCT, including the NNPC Ltd. Retail Outlet at Katampe and the AP fuel station located at Ibrahim Way, Garki 2, which have long queues.
The stations’ managers also confirmed availability of enough stock, adding that the stations’ pumps dispensed accurately and relied on constant energy to dispense fuel to motorists.
Motorists on ground also appealed to the government to find lasting solutions and expressed mixed feelings as some have spent longer time queuing for fuel while some did not waste time before their turns.(NAN)
Niger Government has established the state Price Control and Monitoring Board, approved by Gov. Umaru Bago to ensure fair pricing and consumer protection.
Alh. Abubakar Usman, Secretary to the Niger Government (SSG), inaugurated members of the board on Thursday in Minna.
The eight-member board has Alh.
Hussaini Ahmed, a former Permanent Secretary as the chairman.Usman noted that the inauguration of the board marked a significant step in the state’s commitment to ensuring fair pricing and consumer protection.
He said that the board was expected to control and stabilise prices of essential commodities and eradicate or reduce to the barest minimum, hoarding of essential commodities across the state.
He said that board would also handle issues that may arise as a result of enforcement and penalty for contravention of guidelines among several others.
“The board will be responsible for the distribution, monitoring and evaluation of essential commodities and keep price under continuous surveillance.
“They will also interpret price movement and relate them to other development in the State’s economy,” Usman said.
He said the board was expected to interface with relevant stakeholders such as local government chairmen, traditional institutions and councilors and well as market organisations to ensure the success of their mandate.
The SSG enjoined members of board to bring their wealth of experience and expertise in economics, consumer affairs and market dynamics to bear in their assignment.
He said that their appointment underscored the government’s dedication to maintaining economic stability and safeguarding the interests of both consumers and businesses in the state.
In his remarks, the board chairman, Ahmed, assured that the board would interface with relevant stakeholders within and outside the state in order to bring succour to the populace.
Other members of the board include Hamza Bello, Permanent Secretary, Investment, Aliyu Abubakar, Permanent Secretary, Local Government and Chieftaincy Affairs and Garba Abdullahi, from Ministry of Basic Education.
Also on the board are Adamu Maikasuwa, Ministry of Agriculture, DCP Aminu Garba, Nigeria Police, Niger Command, Aminu Ladan, Chairman, Chanchaga Local Government Area and Usman Liman, retired Statistician-General as Secretary of the Board. (NAN)
The Federal Accounts Allocation Committee (FAAC), has shared N1.298 trillion among the Federal Government, states, and the Local Government Councils (LGCs) for September.
This is according to a communique issued at the end of FAAC meeting for October held on Thursday in Abuja.
The communiqué was made available to newsmen by Bawa Mokwa, the Director, Press and Public Relations, Office of the Auditor-General of the Federation (OAGF).
According to the communiqué, N1.
298 trillion total distributable revenue comprised distributable statutory revenue of N124.716 billion, and distributable Value Added Tax (VAT) revenue of N543.518 billion.It also comprised Electronic Money Transfer Levy (EMTL) revenue of N18.
445 billion, Exchange Difference revenue of N462.191 billion and Augmentation of N150.000 billion.It said that a total revenue of N2.258 trillion was available in the month of September.
“Total deduction for cost of collection was N80.993 billion, while total transfers, interventions and refunds was N878.946 billion,” it said.
According to the communiqué, gross statutory revenue of N1.043 trillion was received in September 2024, which was lower than the sum of N1.221 trillion received in August by N177.426 billion.
It said that gross revenue of N583.675 billion was available from VAT in September, higher than the N573.341 billion available in the month of August by N10.334 billion.
“From the N1.298 trillion total distributable revenue, the Federal Government received a total sum of N424.867 billion, and the state governments received a total sum of N453.724 billion.
“The LGCs received a total sum of N329.864 billion and a total sum of N90.415 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue,” it said.
On the N124.716 billion statutory revenue, the communiqué said that the Federal Government received N43.037 billion and the state governments received N21.829 billion, while the LGCs received N16.829 billion.
It said that the sum of N43.021 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.
“From the N543.518 billion VAT revenue, the Federal Government received N81.528 billion, the state governments received N271.759 billion and the LGCs received N190.231 billion,” it said.
It said that in September, Oil and Gas Royalty, Excise Duty, EMTL and CET Levies increased considerably while VAT and Import Duty increased marginally.
It added that Petroleum Profit Tax (PPT), Companies Income Tax (CIT) and others recorded significant decreases. (NAN)
The Lagos State Traffic Management Authority (LASTMA) has reiterated the importance of strict adherence to traffic laws, emphasising the prohibition of commercial motorcycles on highways and other restricted routes.
Mr Olalekan Bakare-Oki, the General Manager, said this in a statement on Thursday, signed by Mr Taofiq Adebayo, Director, Public Affairs and Enlightenment Department, LASTMA.
Bakare-Oki said that non-compliance with the regulations not only jeopardised the safety of the riders but also endangered the lives of other road users.
The statement came following the death of a motorcycle rider going against traffic on Carter Bridge, due to a collision with a fast-moving vehicle.
Bakare-Oki noted that the deceased, reportedly traveling from Ebute Ero, collided head-on with a fast-moving vehicle as it ascended Carter Bridge from Ilubirin.
“The forceful impact of the collision led to the immediate death of the motorcyclist while the vehicle driver ran away.
“Personnel from the LASTMA promptly arrived at the scene of the accident and swiftly alerted officers from the Central Police Station at Adeniji Adele and Shemo.
“Together, they coordinated efforts to retrieve the lifeless body of the rider, while LASTMA officials handed over the motorcycle to security authorities for further investigation,” he said.
The LASTMA boss extended his heartfelt sympathy to the family of the deceased.
“LASTMA remains committed to upholding public safety and is intensifying its efforts to minimise the occurrence of such tragic incidents on Lagos roads,” he said. (NAN)
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