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Association pledges daily supply of 40 trucks of PMS to FCT

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By Matthew Eloyi

The Ijegun-Egba Tankfarm Owners and Operators’ Association has agreed to provide 40 trucks of Premium Motor Spirit (PMS), also known as gasoline, to the Federal Capital Territory (FCT) per day.

The program would start on Monday and continue throughout the week and beyond.

The group also said that its members had 106 million litres of PMS in stock, which they had promised to pack and truck as needed.

These were among the decisions made at an emergency meeting of the association’s owners/chief executive officers conducted on Sunday in Lagos.

Mr Adebowale Olujimi, the association’s chairman, and Eshiet E. Eshie, the association’s secretary, signed a communique at the end of the meeting.

The association resolved that: “in line with our transparent posture, we wish to put it on record that we collectively have approximately 106 Million litres in stock and will load and truck same accordingly.

“That all Tankfarms within the Ijegun-Egba axis are committed to load and supply 40 trucks of PMS per day to Abuja, FCT to address and augment energy supply and energy security in Federal Capital Territory.”

It also resolved that: “The Owners/CEOs, having considered the energy situation in the country, committed themselves as credible businessmen and women to work assiduously with the Federal Government and their Agencies to ensure effective and efficient distribution of petroleum products in the nation.

“The Meeting commended the effort of the Government in addressing the energy situation in the country, especially in making PMS available despite the volatility of same globally.

“That in line with our collective corporate values, all members of Ijegun-Egba Tankfarm Owners will continue to maintain and ensure full compliance with government regulated and stipulated price of PMS, and as such no Tankfarm should sell or price PMS above the Government regulated price.

“Any Tankfarm within the Ijegun-Egba axis that defaults or fails or neglects to operate in full compliance with the regulated price should be sanctioned accordingly.

“To underscore transparency and our good faith in ensuring effective product distribution across the Nation, we are committed to work with and cooperate with all Government Agencies and Security Agencies regarding our members’ operational plans, loading plans and pricing.”

The association promised to avail the regulatory agencies with its members’ books for scrutiny whenever same is required.

It also stated that members are collectively expecting consignments in the next few days, and would load and truck to ensure energy stability and security.

It lauded government’s effort to address the volatility in product distribution and agreed that any Tankfarm that sabotages the government’s plans or policies by pricing above the government regulated price should be held responsible.

Members of the association in attendance include Alhaji Auwalu Abdullahi Rano – GMD, A.A.Rano Ltd; Engr Johnson Oboh Peters – GMD, Menj Oil Ltd; Chief Peter Chinedu – GMD, Chipet Oil Ltd; Dr Gabriel Ogbechie – GMD, Rainoil Ltd; Mrs Judith Ogbara – CEO, Stallionaire Ltd; Mr Olutayo Awogboro – MD, Aipec Oil Ltd; and, Princess Adedoyin – MD, First Royal Oil Ltd.

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China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

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China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

China has revamped its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a more convenient refund-upon-purchase system, according to the State Taxation Administration (STA).

The STA announced on Tuesday that under the new system, foreign visitors can now claim Value Added Tax (VAT) rebates instantly at designated tax-free stores. This change allows tourists to use their refunded amount immediately for additional shopping, enhancing their overall experience in China.

Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay. The policy, which was initially tested in cities like Shanghai, Beijing, and Guangdong, has now passed all operational requirements and will be rolled out nationwide.

The STA emphasized its dedication to improving policy guidance and simplifying refund procedures to better serve international visitors.

Li Xuhong, Vice-President and Professor at the Beijing National Accounting Institute, welcomed the change, stating that the nationwide implementation would raise China’s tourism service standards. “It will foster a friendly, efficient, and convenient tourism environment,” Xuhong added.

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Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan’s Trade Office Claims

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Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan's Trade Office Claims

Rep. Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, has reiterated Nigeria’s firm commitment to the One-China Policy, following recent comments by Taiwan’s Trade Mission Head in Nigeria, Andy Yih-Ping Liu.

Speaking in Abuja on Tuesday, Yakubu firmly declared that Nigeria continues to recognize Taiwan as an integral part of the People’s Republic of China. He rejected Liu’s claim that Taiwan was not part of China, labelling it as “propaganda” aimed at undermining the strong diplomatic ties between Nigeria and China.

“For the record, United Nations General Assembly Resolution 2758, adopted in 1971, recognised the People’s Republic of China as the sole legitimate representative of all of China, including Taiwan,” Yakubu stated. “The One-China Policy remains the cornerstone of China-Nigeria relations.”

He emphasized that since Nigeria and China established diplomatic ties in 1971, the country has consistently upheld this principle. “Efforts by Taiwan’s trade office to challenge this stance are futile and will not succeed,” Yakubu added.

Yakubu criticized Liu’s comments as an attempt to draw Nigeria into China’s internal matters, accusing the Taiwanese official of deliberately sowing discord and provoking a diplomatic rift. “Nigeria’s relationship with China is built on mutual respect and non-interference in each other’s political matters,” he said.

In response to Liu’s claim that China acted as a bully, Yakubu pointed to the positive trajectory of Nigeria-China relations. “Contrary to these baseless assertions, Nigeria has enjoyed a mutually beneficial partnership with China, yielding tangible results for both nations. Since 1971, our ties have grown significantly.”

He highlighted the strategic nature of the partnership, referencing the elevation of the relationship to a Comprehensive Strategic Partnership during the 2024 FOCAC Summit in Beijing. “Today, Nigeria stands as China’s second-largest trading partner in Africa, with bilateral trade surpassing 20 billion dollars,” Yakubu noted.

Furthermore, Yakubu praised China’s role in Nigeria’s infrastructural development, with investments in sectors such as rail networks, roads, ports, power stations, and water treatment facilities.

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Shettima Warns Media Against Romanticising National Challenges

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Shettima Warns Media Against Romanticising National Challenges

Vice President Kashim Shettima has cautioned Nigerian media practitioners against the growing tendency to romanticise serious national issues, describing the trend as a dangerous departure from the media’s constitutional duty of promoting truth and accountability.

Represented by his Special Adviser on Special Duties, Modibbo Umar, the Vice President issued the warning on Tuesday while delivering a speech at the 17th LEADERSHIP Conference and Awards held at the Old Banquet Hall of the State House, Abuja.

“We must resist the temptation to romanticise serious national issues or frame them in ways that distort public understanding,” Shettima said. “Doing so only weakens the fabric of our democracy and derails our collective efforts at nation-building.”

The Vice President’s remarks came as stakeholders in governance, business, and civil society gathered to reflect on the theme of the event, “Challenges and Opportunities in Nigeria’s Fiscal Federalism.” The conference provided a platform for thoughtful engagement on some of the country’s most pressing issues, with a focus on the responsibilities of leadership at all levels.

Shettima also used the occasion to commend LEADERSHIP Newspapers Group for its consistent contributions to national discourse and its commitment to celebrating excellence in leadership.

“I commend LEADERSHIP Newspaper for the vision to convene this vital discourse and for shining the light on those who have chosen to lead with courage and competence. May we never tire of striving for a better Nigeria,” he said.

The annual LEADERSHIP Conference and Awards continues to be a major event that brings together influential voices to deliberate on national progress and honour individuals and institutions making meaningful impact in society.

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