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Petrol may hit N250/litre despite N4tr subsidy

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Petrol may hit N250/litre despite N4tr subsidy

The current scarcity of Premium Motor Spirit (PMS) across the country might worsen, pushing up pump price to N250 per litre, despite payment of over N4 trillion subsidy in the 2022 budget.

The Nigerian National Petroleum Company Limited (NNPC) – the sole importer of petrol – is reportedly without the product, as most of its stations, including the newly acquired Oando outlets, were empty yesterday.

Marketers adjusted their prices to N180 per litre against the official price of N165, with the Independent Petroleum Marketers Association of Nigeria (IPMAN) telling The Guardian that ex-depot price has moved to N190 per litre and that an upward review is imminent.

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While both NNPC and the Nigerian Midstream Downstream Petroleum Regulatory Authority (NNPC) did not respond over the development, petrol stations in most northern states have already begun dispensing at N250 per litre.

Most marketers, who spoke to The Guardian, disclosed that the state oil firm has no products. At the NNPC fuel station around Ketampe in Abuja, only two pumps were dispensing. Motorists spent an average of four hours on queues. Others bought a litre at N500 from black marketers who sold in kegs.

In the Federal Capital Territory, some residents have begun spending the night in their cars at fuel stations, hopeful of the next day.

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In Lokoja, Ajaokuta and the Anyigba area of Kogi State, the few stations that had fuel dispensed at N250 per litre. Most stations in Abuja were under lock. The few that dispensed, like Nipco at Jabi, NNPC at Ketampe and others, had long queues.

About three months ago, the Federal Government quietly approved increment in fuel prices, following claims by marketers that they could no longer sustain their operations by selling at the regulated price of N165 per litre.

Recall that the chairman of IPMAN (Western zone), Dele Tajudeen, last week, said there has been an increase in depot price from N148.7 per litre to N178.

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A vice president of the association at the national level, Abubakar Shettima, also told The Guardian, yesterday, that the ex-depot price has moved to N190 per litre.

He disclosed that the N180 pump price would only apply to product that was stocked, stressing that the price would be adjusted to meet prevailing market realities.

In Abuja, a motorist, Ugbeda Ojogbane, said he spent about three hours on the queue before filling his tank at the NNPC station in Lugbe. “It is sad that we produce oil and have to go through this. The country is becoming difficult by the day,” he said.

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Another, Sodiq, said he spent about four hours on the queue before buying petrol at Dutse Junction, along the Kubwa expressway in Abuja.

Some stakeholders alleged that NNPC is starving government-owned depots and keeping marketers from loading, while diverting products to some private depots.

The development is coming at a time ship owners, under the aegis of the Ship Owners Association of Nigeria (SOAN), are threatening to embark on strike in the coming week over N90 million debt owed by NNPC for charter services rendered in the last eight months.

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Akwa Ibom APC Gears Up to Receive President Tinubu as Governor Umo Eno Joins Party

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The All Progressives Congress (APC) in Akwa Ibom State has announced its readiness to host President Bola Ahmed Tinubu and other top party leaders as it officially welcomes Governor Umo Eno into its ranks.

Speaking at a press briefing in Uyo on Friday, APC chieftain and former presidential aide, Senator Ita Enang, disclosed that the party was fully prepared to receive the president, Vice President Kashim Shettima, APC National Chairman, and governors elected on the party’s platform for the historic reception.

Governor Umo Eno had on June 6 formally defected from the Peoples Democratic Party (PDP) to the APC, in a move widely described as a political game-changer in Akwa Ibom.

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Enang, a former Special Assistant to the President on National Assembly and Niger Delta Affairs, said the governor’s defection had effectively aligned the state with the central government.

He assured Governor Eno and his supporters that the APC would embrace them wholeheartedly and honour all agreements reached.

“As progressives, we shall work with the governor and his supporters to ensure that they fit into the party without hitches,” Enang stated. “We will also work with them to align programmes of the state government with the ideals and manifesto of the party.”

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He further described the governor’s move as a “merger” that promises significant benefits for Akwa Ibom and its citizens.

The planned reception is expected to mark a major political event in the state, signaling a realignment of forces ahead of future elections.

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Ekiti Launches Aggressive Anti-Flood Campaign, Dredges Ofigba River

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The Ekiti State Government has intensified efforts to prevent flooding across the state with the launch of a comprehensive dredging campaign, targeting critical waterways in both rural and urban areas.

Chairman of the Ekiti State Environmental Protection Agency (EKSEPA), Chief Bamitale Oguntoyinbo, disclosed this on Friday during an inspection visit to the ongoing dredging project at the Ofigba River in Ise-Ekiti.

Oguntoyinbo, who was accompanied by EKSEPA board members, said the visit was to assess the progress of work being carried out to mitigate flood risks in the community. He expressed satisfaction with the pace and quality of the dredging work.

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“I and other board members of EKSEPA are delighted with the level of job done by the site engineer because he is actually working with the directives of three-kilometer dredging of waterways,” he said.

According to him, the dredging commenced on June 4, and so far, 1.8 kilometers of the river have been successfully cleared.

He applauded Governor Biodun Oyebanji for prioritizing the safety and welfare of residents by initiating the state-wide anti-flooding campaign.

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“I want to commend our amiable governor, Mr. Biodun Oyebanji, for embarking on zero tolerance campaign against flooding in every community and town in Ekiti,” Oguntoyinbo stated.

He also praised the General Manager of EKSEPA, Mr. Olukayode Adunmo, for his commitment to the project’s supervision and success.

In his remarks, Adunmo emphasized the urgent need to clear waterways choked by refuse, which impede water flow and contribute to flooding during the rainy season.

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“Dredging of Ofigba River in Ise-Ekiti in Ise/Orun Local Government Area is necessary because some of the waterways have been blocked by refuse,” he explained. “There is the need for us to remove every blockage to enhance free flow of water and avert flooding during heavy rainfall.”

Adunmo also commended Governor Oyebanji for taking proactive steps to protect lives and properties across the state.

Residents of Ise-Ekiti have welcomed the government’s intervention. Chief Godwin Ojo, a community leader, expressed gratitude to the governor for his timely action.

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“We thank the governor for the move to avert flooding in our community,” Ojo said. “May God grant him more wisdom to pilot the affairs of the state to an enviable height.”

The dredging campaign forms part of the Oyebanji administration’s broader commitment to environmental safety and disaster prevention.

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Tinubu to visit Kaduna Thursday to inaugurate key projects

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Tinubu commiserates with Akwa Ibom governor over wife’s death

President Bola Tinubu is expected in Kaduna State Today Thursday for the inauguration of several key developmental projects executed by the administration of Gov. Uba Sani.

The News Agency of Nigeria (NAN) reports that the visit forms part of activities marking Sani’s two years in office.

The projects lined up for inauguration include the 300-bed Specialist Hospital in Millennium City, Kaduna, built by the state government to bolster the provision of healthcare services.

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Tinubu will also inaugurate the Institute of Vocational Training and Skills Development in Rigachikun, road projects in Soba, and Samaru Kataf LGA’S as well as the 24-kilometre Kafanchan Township Road.

Others are the Tudun Biri Road, the 22km road linking Kauru and Kubau LGAs as well as the Vocational and Skills Training Centre in Tudun Biri.

Tinubu is also expected to unveil 100 Compressed Natural Gas (CNG) buses, as part of efforts to modernise the state’s public transportation system.

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The projects are part of the administration’s focus on infrastructurde evelopment, healthcare delivery, youths empowerment, and economic growth.

The state government described the visit as a significant moment for the people of Kaduna and an opportunity to showcase ongoing efforts to transform the state through impactful governance.

Sani, who marked his second year in office this month, has prioritised human capital development, rural infrastructure, and jobs creation since taking office in 2023.

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Tinubu’s visit to Kaduna State was rescheduled from Wednesday to Thursday.

He was initially supposed to visit Kaduna on Wednesday, but due to the recent attacks in Benue, he shifted his trip.

The president visited Benue on Wednesday to commiserate with the victims of the recent attacks and assess the humanitarian crisis.

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During his visit to Benue, Tinubu met with stakeholders, including traditional rulers, political and community leaders, and youth groups, to seek lasting solutions to the hostilities.

He also condemned the ongoing violence and called on the residents to embrace peace and mutual understanding.

NAN recalls that the Benue Government had declared a work-free day for Tinubu’s visit, urging the residents to turn out in large numbers to welcome him.

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