NEWS
PIA ‘ll Engender Efficiency, Competitiveness in Downstream Sector – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN), says the Petroleum Industry Act (PIA) will engender conducive environment for more efficient downstream sector.
IPMAN’s National President, Alhaji Sanusi Fari, made this known in a statement in Awka on Friday.
Fari lauded President Muhammadu Buhari for the political will in signing the Petroleum Industry Bill (PIB) into law, after many years of botched proposals.
He described the President’s assent to the PIB, as an important milestone in the life of this present administration and a major breakthrough in the downstream business of petroleum products sales and marketing.
He also lauded the National Assembly, for the courage to ensure that the bill sailed through, in spite the obvious challenges.
The IPMAN president said though the PIA was not without imperfections, it would bring transparency and accountability, which would result in better profitability for the greater number of Nigerian people.
According to him, the PI Act, 2021 is long overdue, in spite some disagreements on some issues, it will usher in a new era of transparency and accountability in the administration of petroleum resources in the country.
Fari said commercialising the Nigeria National Petroleum Corporation (NNPC) under the Act, would not only break its monopolistic grip of the industry, but make it profit oriented and more answerable to Nigerians.
He said the PIA would open the space for more importers of petroleum products, thereby, giving way for competitive pricing and also encourage investments in refineries.
According to him, the PIA Act will end the era of NNPC, being the sole importer of Premium Motor Spirit and increase competition by investors, which is likely to lead to improvement of the economy.
“Under this Act, the NNPC will soon be transformed into a limited company, which will start paying taxes to the Federal Government and dividends to shareholders.
“With this Act, there will be improved efficiency in the commercialised NNPC and IPMAN members, in no distant time, can easily plan for various means of supply of products to their outlets as the market will now be open.
“All our local refineries that have not been in operation, will come back to life because of the likelihood of making returns on investments, after the repairs,” it stated.
Fari pledged IPMAN’s continued support for the Federal Government, toward achieving its laudable objectives in the petroleum industry, in the interest of citizens. (NAN)
The Federal Government on Thursday condoled the Indian government over the tragic crash of Air India Flight-171 in Ahmedabad.The Minister of Foreign Affairs, Amb. Yusuf Tuggar, disclosed this in a statement issued by Kimiebi Ebienfa, Spokesperson of theMinistry.Tuggar said, “Nigeria expresses profound sorrow and extends its heartfelt condolences to the government and people of India over the tragic crash of Air India Flight 171 in Ahmedabad on June 12, 2025.
“This devastating incident which claimed the lives of over 290 individuals has left the global community in mourning. “Nigeria stands in solidarity with India during this period of immense grief and unfortunate loss.“While initial reports indicate no Nigerian citizen was aboard the flight, the Nigeria High Commission in New Delhi remains in close contact with Indian authorities to verify this information and provide consular assistance where necessary.“In this moment of shared sorrow, Nigeria reaffirms its commitment to global aviation safety and supports the call for thorough investigation into the crash with a view to preventing such tragedies in the future.”The minister further commiserated with the families of the bereaved and all those affected by this tragic incident. (NAN)
The Speaker, Benue House of Assembly, Mr Hyacinth Dajoh, has advised youths in the state to participate actively in the economic and political development of the country.Dajoh gave the advice in his Democracy Day message issued by his Press Secretary, Mr Terver Zamber, in Makurdi.
The speaker urged youths to show more interest in the economic and political development of the country. He said that they had the required education, exposure, and numerical strength to make a positive impact on both the economy and governance. Dajoh assured the youths that the assembly under his leadership would continue to enact laws to protect democracy and the rule of law.The speaker urged Nigerians to be more determined in ensuring that democracy worked in the country.He said that democracy remained the best option for the country.The speaker added that through the determination of the citizens and their active participation in the democratic process, Nigeria would be a great country.He saluted the heroic deeds of patriots who worked assiduously to actualise democratic rule in the country, especially the symbol of the June 12 struggle, the late M.K.O. Abiola.According to him, only a truly great, peaceful and prosperous Nigeria could be a befitting compensation for their sacrifices.He commended President Bola Tinubu and Gov. Hyacinth Alia of Benue for their roles in upholding democratic principles.Dajoh said that more sacrifices were required from the citizens to ensure that the country got the best of democracy. (NAN)
From Ene Asuquo, Calabar
There is another round of hostility arising from communal skirmishes between two brotherly communities of Etono 2 and Biakpan in Biased Local Government Are of Cross River State.The resumption of hostilities happened some days ago when youths from Etono 2 were alleged to have attacked and killed a visitor to Biakpan and another youth whose identity was not immediately known.
Before then there were reports that nearly 50 persons had been killed on both sides. In the latest resurgence, a source said, “Sporadic shootings were heard on Monday and Tuesday inside Biakpan. A few persons have been killed.”State security adviser Southern district, Patrick Odion told our correspondent that he has his men on ground to calm the situation.Recall that about three weeks ago, Commissioner of Police in the state, Olusegun Omosanyin summoned the two sides to his Headquarters in Calabar and cautioned them.The police commissioner had disclosed how there was massive arms buildup by the two communities and said he would launch police action to retrieve the arms from them.He had expressed anger that the two sides had earlier refused to appear before him three times when he summoned them, adding that he had also dispatched his key officers to the two communities.Following the resumption of the hostilities, the police commissioner again met with the leadership of Biase LGA in his office.He assured that he would mobilize his men today to Biakpan and Etono 2 to quell the uprising.When DAILY ASSET spoke with some concerned stakeholders from the two communities they lamented that often when police and soldiers sent to douse tensions would leave, hostilities would resume soon after.A youth leader from Etono 2 who gave his name as Egwu Jerry, lamented, “The presence of the security men usually give us confidence but once they leave, our safety is no longer guaranteed. We’re few compared with those from Biakpan.”He also lamented that they do not have access road elsewhere than the one into Biakpan which reason, their adversaries usually encircle and easily attack and kill them.But a chief from Biakpan who gave his name as Onun Ekpezu alleged that Etono people were too aggressive and violent, and have destroyed their important properties and farms, and have killed their people and visitors.”Because of these, our youths have positioned themselves to defend our women and properties”, Ekpezu said.
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