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FG to shut errant filling stations as petrol hits N1,000/litre

Many filling stations operated by independent oil marketers have now fixed the pump prices of Premium Motor Spirit, popularly called petrol, at between N900 and N1,000/litre.

Owners of these stations seem not to care about the cost of the product at retail outlets operated by the Nigerian National Petroleum Company. Petrol prices at NNPC stations range from N568 to N617/litre. This often leads to queues at the stations.

As Nigerians raise concerns about the high cost of the commodity by independent petrol dealers, the Federal Government has also vowed to shut down filling stations that will be caught dispensing PMS at exorbitant rates.

It declared this through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, stressing that it was not in the interest of Nigerians for marketers to profiteer in the sales of PMS.

So This Happened (215) Reviews Death Of Lagos Medical Doctor, Others | Punch

Independent oil marketers claimed that they’ve been buying petrol from private depot owners for as high as N850/litre since last week and that this was why the pump prices were high.

However, the spokesperson of the NMDPRA, George Ene-Ita, argued that the petrol price reports that the regulator gets from its officials at the depots were different.

“Our depot people see a different price because we ask them to publish the prices at the depots every day and it is not N850/litre. Our field agents at the depots give us a different figure,” he said.

When told that some filling stations operated by independent marketers in Lagos and many other states dispense their products for as high as N900 and N1,000/litre, the NMDPRA official said such outlets would be brought to book if apprehended.

“If we get these outlets, all we do is to try and shut them down, because NNPC is the company that brings in the product and they tell us how much they sell as their ex-depot prices to off-takers. And we sit down together and work out the margins and there is no way it should be that high,” Ene-Ita declared.

The NMDPRA official further noted that there was no way the agency could reconcile the high cost of petrol sold by independent marketers.

“Do you have these stations displaying the high prices on their pumps?” Ene-Ita asked.

Our correspondent responded in the affirmative, and the regulatory agency’s official declared again, “Once we get these outlets, we are going to shut them down. NNPC tells us how much they sell and there is no way the pump prices should be that high. We don’t expect it to be higher than N650/litre.”

The NMDPRA spokesperson warned marketers involved in profiteering to desist from the act, stressing that the agency would not fold its hands and allow operators to cheat Nigerians.

Findings by our correspondents show that marketers are making more profit as the fuel crisis rocking the country has refused to end.

The PUNCH reliably gathered that owners of filling stations have seized the opportunity to add to their margins as regulators could not enforce any particular price.

Due to the low supply from NNPC, private depot owners were said to have hiked the price of petrol as high as N850/litre

The depots sell to independent marketers, who could not get the product directly from the NNPC at about N570/litre like the major marketers.

In return, the independent marketers sell a litre of petrol to motorists and other Nigerians at prices ranging from N850 to N900 or even N1,000 in some remote areas.

“That is why no marketer is complaining of low margins again. This is the time for them to make money. The only issue is that getting the product is not that easy,” a source told The PUNCH.

“The price is high because the supply is low. It is a matter of demand and supply. The price will continue to be up, at least for now. It Is an opportunity for the filling stations to add to their margins. This is an abnormal situation. Normalcy is restored, and the regulatory authority can monitor. Can the regulator monitor anybody now?

“Imagine when you pay about N30m to NNPC to order petrol and it takes about one month to get the product. Assuming you take N30m from a bank with this interest rate, is that not a problem?’  a marketer stated.

Sources at the Lagos depot informed our correspondent anonymously that the NNPC is still rationing the product despite assurances that normalcy would be restored last Wednesday.

It was gathered on Monday that marketers could only get half of whatever metric tonnes they bid for.

A depot operator said though the situation had improved a bit, the supply is still far below what is required to ease off the queues and make the product available for all Nigerians.

Another source hinted that the Federal Government is now prioritising the Federal Capital Territory, Abuja to reduce the long queues in filling stations.

“The queue is easing a little bit in Abuja. Almost 70 per cent of the trucks are going to Abuja. The directive is that they should go to Abuja,” the depot operator confided in The PUNCH.

Contrary to claims that the marketers might be hoarding fuel, the manager of a filling station in Ogun State, who identified himself simply as Adeyanju, said no one hoards fuel because it will continue to dry up.

“The way PMS is, if you put 33,000 litres in a tank, if you hoard it for too long, by the time you want to haulage it, it may not be more than 31,000 or 32,000 litres. It will be evaporating. No tank operator will ever hoard fuel, not even at this time when people are making money,” the manager disclosed.

He added that no miracle could clear off the queues in this new week, asking the NNPC to ramp up supply.

On Monday in Osogbo, Osun State, petrol was sold by filling stations owned by independent marketers at prices ranging from N900 to N1000 per litre.

However, the few major marketers that dispensed petrol, sold the product for N700 per litre.

Many filling stations within the metropolis did not open to customers, as commercial intra-city bus operators increased their charges by 50 per cent due to the high cost of fuel.

Petrol was priced between N980 and N1000 at stations owned by independent dealers in Damaturu and its surrounding areas.

The same scenario played out in parts of Lagos and Ogun states, where petrol went for as high as N950 and N1,000/litre at independent marketers’ stations.

Following the reluctance of many marketers in Kano State to open their filling stations despite having the commodity in stock, black markets continued to thrive.

A litre of PMS at filling stations owned by independent marketers still sold for N980 and N1000/litre in Kano.

Following this negative development, black marketers have fully returned to the business and are having a field day. PMS at the black market sells for N1200 and N1300.

Credit: Punch

National

ASUU decries number of first-class graduates from private universities

The Academic Staff Union of Universities (ASUU) has frowned at the “increasing numbers of first-class graduates” churned out annually by private universities in the country.

The ASUU National President, Prof. Emmanuel Osodeke, raised the concern on Thursday at an event organised by the body in honour of Prof. Andy Egwunyenga’s successful tenure as Vice Chancellor of Delta State University (DELSU).

The event took place at the DELSU campus, Abraka, Ethiope East Local Government Area of Delta.

Osodeke said that if public universities adopt the same practice without regulation, it could lead to the decline of genuine academic pursuits.

According to him, primary and secondary schools nowadays are producing graduates with excellent grades with insufficient knowledge.

The union leader also decried what he called “the mass exodus” of skilled Nigerian workers to nations perceived to be offering better work and living conditions.

He said that incidents like building collapse in the country indicated there were significant issues within the nation’s institutions.

“The struggle for academics to enjoy a decent standard of living saw some measure of successes in the past when academics could sustain a comfortable life.

“The situation has changed; the unions must return to the frontline for a renewed phase of their struggle.

“ASUU will consistently speak out against injustices and support fairness,” he said.

A member of the union, Prof. Omotoye Olorode, spoke on the topic: “New University Curricula (CCMAS): Context and Matters Arising” .

He said that the CCMAS functioned as an imperialistic mechanism aimed at disrupting the established academic structures in the country’s universities.

Olorode said this was designed to perpetuate a system, where Africans remain agricultural labourers to support the agricultural needs of developed nations.

“UNESCO recommends that 26 per cent of the nation’s budget should be allocated to education.

“Nigeria has never reached more than seven per cent, which reflects our stagnation and reluctance to facilitate growth in the education sector,” he said.

He congratulated the outgoing DELSU vice chancellor on a job well done.

The Chairman of DELSU ASUU, Dr Paul Opone, extended his heartfelt wishes to Egwunyenga.

He said that DELSU had been in dire need of a leader since 2019 to navigate the troubled waters caused by poor leadership.

He praised Egwunyenga for meeting the expectations of ASUU and the university community which, according to him, resulted in widespread celebration across all sectors of the institution.

“This is the first occasion where ASUU had to honour a lecturer at DELSU with such a celebration.

“Prof. Egwunyenga deserves far more than the praises he has received,” he said.

Responding, Egwunyenga expressed joy over the numerous accolades he received from across the three senatorial districts of the state.

He disclosed that his approach as vice chancellor was influenced by the narratives found in Festus Iyayi’s book, “Demons and Monsters”.

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State police risky, expensive—Cattle breeders

The Kulen Allah Cattle Rearers Association of Nigeria ( KACRAN) has described the proposed state police as too expensive and risky to implement.

Alhaji Khalil Bello, KACRAN National President, said this in a statement in Damaturu on Friday.

He said the cost of establishing state police, depending on a state’s population, was between N10 billion to N30 billion, while monthly salaries and operational costs would gulp about N3 billion.

“These expenditures could divert critical resources from essential public services such as education, healthcare, and infrastructure, which are vital for the development and well-being of the region,” he said.

Bello said there were also concerns over abuse of state police by the politicians.

“There is a risk that these forces could be used to serve the interests of local political leaders rather than the broader public, leading to the victimisation of opposition parties and creating an environment of lawlessness and anarchy.

“Such a scenario could undermine the rule of law and erode public trust in law enforcement,” he said.

He recommended redirecting resources toward initiatives that would promote sustainable development and long-term prosperity for the country.

Bello listed the initiatives as including agriculture investment, youth employment, and industrial and infrastructure development.

The president also proposed the establishment of a security foundation fund in which monthly donation would be made to support the police.

“KACRAN calls on the Arewa Consultative Forum, the Northern Consultative Forum, emirs, and all northern leaders to oppose the establishment of state police.

“We believe that focusing on social services and economic development will yield greater benefits for the region than the creation of state police, which may ultimately exacerbate existing challenges.

“ By investing in sustainable initiatives, Northern states can create a more secure, prosperous, and harmonious society for all citizens,” he said.

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Gov Okpebholo Suspends Recruitment Into State Civil Service

Edo State Governor, Senator Monday Okpebholo, has approved the suspension of recruitment into the state’s civil service until further notice.

The Governor has also ordered for a comprehensive review of all recruitment exercises carried out by the Godwin Obaseki-led administration between May-November 2024.

In a communication notice signed by the Secretary to State Government (SSG), Musa Umar Ikhilor on Friday, the Governor accused heads of various Ministries, Departments and Agencies (MDAs) of carrying out clandestine recruitment exercises into the State’s civil service.

The notice read: “The Governor of Edo State, His Excellency, Senator Monday Okpebholo is in receipt of report of the clandestine activities being perpetuated by some Commissions, Boards, Parastatals and Agencies of Government in the State.

“Preliminary investigation reveals that these bodies have continued to issue back dated letters of employment to their cronies without due process.

“For the avoidance of doubt, this Administration believes in the principle of fairness and equity which expects that all employment exercise should be merit based, competitive and accessible to all Edo indigenes.

“In light of the foregoing and in order to arrest this ugly trend, the Governor of Edo State, His Excellency, Senator Monday Okpebholo has directed the immediate suspension of all employment processes as well as the review of all appointments carried out since May, 2024 by Commissions, Boards, Parastatals and Agencies of Government.

“Heads of Ministries, Departments and Agencies are to note and comply with the above directive.”

Signed:
Fred Itua,
Chief Press Secretary to Edo State Governor

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We’ll reintroduce rejected bills on 6-year single term—34 Rep. members

The 34 House of Representatives members who sponsored the bill to amend the 1999 Constitution to provide for a six-year single term for the president have resolved to reintroduce the bill.

Rep. Ikenga Ugochinyere (PDP-Imo) said this in a statement in Abuja on Friday, following the rejection of the bill on Nov. 21 during plenary.

The News Agency of Nigeria (NAN) reports that the bill sought the introduction of a six-year single term for the president, governors and local government chairmen.

NAN also reports that the bill sought zonal rotation of presidential and governorship seats, as well as holding all elections in one day.

Ugochinyere, however, said that all hope was not lost on the bill, as more consultations would be done.

The lawmaker, who is the lead sponsor of the bill, said that the decision on the floor of the house would not put an end to agitation and hope, insisting that the objective behind the bill would be realised.

“The struggle to reform our constitutional democracy to be all-inclusive and provide an avenue for justice, equity and fairness has not been lost.

“The decision on the floor of the house yesterday (Thursday) not to allow the bill for six-year single tenure and all elections to hold in one day will not end the agitation,” he said.

Ugochinyere described the rejection of the bill as a temporary setback that would not affect the campaign for an all-inclusive democratic process.

“We are going to review this decision and find possible ways of reintroducing it after, following due legislative procedures.

“All I can tell Nigerians is that we will continue the advocacy and convince our colleagues to see reason with us.

“If elections are held in one day, it will reduce cost and rigging.

“If power rotates, it will help de-escalate political tensions and six-year single term will go a long way in helping elective leaders to focus on delivering their democratic mandate,” he said.

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Delta approves N713m for 2024 students bursary payment — Official

Gov. Sheriff Oborevwori of Delta has approved the sum of N713 million for the 2024  bursary award for 32,028 students in tertiary institutions in the country.

The Executive Secretary of the State Bursary and Scholarship Board, Dr. Godfrey Enita, disclosed this in a statement made available to newsmen on Thursday in Asaba.

According to Enita, the governor’s approval for the year 2024, the bursary award will cover students of state origin in public and private universities.

“It also covers students in polytechnics, mono-technics, colleges of education, schools of nursing science, and other tertiary schools, including military and paramilitary institutions.

He described the governor’s gesture as rare and uncommon and should be applauded.

“The governor demonstrates his magnanimity and goodwill towards the well-being of the Delta students and youths in general.

“It also underscores his commitment towards educational advancement through financial assistance to students in diverse forms and through massive infrastructural development in schools across the state.

“It is hoped, as always, that beneficiaries of the state’s financial assistance schemes will continue to be worthy ambassadors of Delta wherever they find themselves,” he said.

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Survey shows 71% of households affected by food price hike

A new survey report just released by the National Bureau of Statistics (NBS) shows that the most prevalent shock affecting 71 per cent of households in Nigeria is price increases on major food items in the last 12 months.

The survey, 2023/24 General Household Survey-Panel, commonly called (GHS-Panel) Wave-5, is a follow-up to the 2018/2019 GHS Wave-4.

It seeks to enhance the understanding of household living conditions and provide government and other policymakers with reliable information for effective policy decision-making in Nigeria.

It specifically collects information on household income, assets and consumption, income-generating activities, health, education as well as shocks.

The survey conducted in collaboration with the World Bank and released yesterday in Abuja said 48.8 per cent of households surveyed reported that their main mechanism for coping with the increase in the prices of food items was reducing food consumption.

The report further said that 65.8 per cent of the households indicated being unable to eat healthy, nutritious or preferred foods because of lack of money.

The report also shows that 73.0 per cent of survey household members ages 10 to 19 were enrolled in school during 2018/2019 Wave 4 survey. But by 2023/2024 Wave 5 survey, the proportion of the people who were in school had decreased to 44.8 per cent, as 34.8 per cent of those previously enrolled were now out of school.

In the area of energy access, the survey shows that only 40.4 percent of households in rural areas had access to electricity compared to 82.2 per cent of urban households.

It also reports that many households lack toilet facilities and rely on tube wells or boreholes for drinking water. It noted that waste disposal is mostly informal, with 45.6 per cent using bushes or streets.

In his address during the launch of the report, the Statistician General of the Federation (SGF), Prince Adeyemi Adeniran, said the survey is a multi-topic data collection exercise that serves as an essential tool for capturing the dynamics of Nigerian households, providing invaluable insights into their economic activities, well-being, and resilience.

He said it is a longitudinal survey, meaning that it tracks and interviews the same respondents over time. “In the 5th Wave of the survey, approximately the same 5000 households have been followed and interviewed across five waves,” he said.

“This includes Wave One conducted in 2010/11, Wave Two in 2012/13, Wave Three in 2015/16, Wave Four in 2018/19, and now Wave Five conducted in 2023/24.”

He said available records indicate that, over the last five years, the survey findings have been used to design several projects and intervention programmes worth approximately $8.9 billion across many sectors which include Agriculture and Food, Education, Water, Social Protection and Jobs, Governance, and several others.

In his goodwill message, the World Bank’s Country Director for Nigeria, Dr Ndiame Diop, said the survey was important in understanding how Nigerian households responded to policy changes, crises and shocks.

Diop, who was represented by Vinay Vutukuru, Programme Leader, Sustainable Development, Nigeria, however, said the key thing was how the data would be used by ministries and stakeholders for effective policy formulation to achieve economic and sustainable growth.

He pledged the bank’s continuous support in working with the NBS to strengthen Nigeria’s statistical system.

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