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Nigeria Resumes Petrol Import From China

Peter Okunoren

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Nigeria, Africa’s biggest oil producer and exporter, has resumed the importation of petrol from China, the world’s top crude oil importer.

The Asian country shipped 37,000 metric tonnes of petrol to Nigeria in September for the first time since July 2019, data from the General Administration of Customs showed, according to S&P Global Platts.

China, a major exporter of transportation fuels, has extended exports to Africa in recent years.

The first African country to receive Chinese petrol was Togo in April 2018 at 50,000 mt, followed by Nigeria in January 2019 at 51,000 mt, historical GAC data showed.

The most recent diesel exports from China to Africa were in June, with Kenya and South Africa receiving 40,000 mt and 35,000 mt, respectively, according to the data.

China’s annual crude oil imports increased by 0.9 million barrels per day in 2019 to an average of 10.1 million BPD, according to the United States Energy Information Administration.

The EIA said China’s new refinery capacity and strategic inventory stockpiling, combined with flat domestic oil production, were the major factors contributing to the increase in its crude oil imports in 2019.

Last year, China’s refinery capacity increased by 1.0 million BPD, primarily because two new refining and petrochemical complexes came online with capacities of 0.4 million BPD each.

As a result, the country’s refinery processing also increased to an all-time high in 2019, averaging 13.0 million BPD for the year, according to the EIA.

Nigeria has continued to rely heavily on importation for many years to meet its fuel needs as the nation’s refineries remain in a state of disrepair.

Uneven demand recovery in Africa has led to a divergence in support for Asian transportation fuel markets as diesel and jet fuel requirements weaken while demand for petrol remains robust, industry sources said.

The slowdown in Africa’s diesel and jet fuel demand, in particular, has removed a significant pillar of support from Asian middle distillate markets after buoying them for most of the third quarter, the sources said.

The African continent draws most of its petrol and middle distillate imports from the Persian Gulf and the Mediterranean, and an increase in demand typically lends indirect support to Asia, market sources said.

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Nigeria Lacks Space To Store Pfizer’s COVID-19 Vaccine —- NIMR

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The Nigerian Institute of Medical Research says there is not enough space at the moment to store the COVID-19 Pfizer vaccines which are expected to arrive next week.

The Director-General of NIMR, Prof. Babatunde Salako, said this during an interview with The PUNCH on Saturday.

Salako revealed that Nigeria had freezers in different parts of the country to store the Pfizer vaccines at -70 degrees centigrade.

He, however, said most of these freezers were occupied and were storing medical supplies which also need to be stored at a low temperature.

Responding to a question, Salako said, “Our facilities can hold Pfizer vaccines at -70 degrees but we don’t have enough of such freezers, and the ones we have are even full at the moment. We even just got one that we have yet to install but how many samples can it even hold?

“Even if we rearrange things, I doubt if we can store more than a few hundred or thousands.”

When asked if other facilities besides NIMR could hold such vaccines, he said, “There are many -80 freezers around in the research institutes and universities but the point is that many of them have samples inside them. So, even if we evacuate, I don’t think we will all be able to do more than a few thousands.”

Salako said storage was the minor problem, adding that the major challenge would be how to transport the vaccines at the temperature of -70 to rural areas.

The NIMR boss argued that in the future, Nigeria may need to buy other brands that do not require such low temperatures like Pfizer.

Salako noted that other brands like Oxford/AstraZeneca could be stored at normal freezer temperature while the Russian vaccine could also be stored at a temperature not as low as Pfizer.

He said, “The problem is not just about storing vaccines but moving it to the rural areas and maintaining that same temperature. For example, if you land in Lagos and you store it at -70 and it has to be transported over the creek somewhere, how do you move them? There are other ways but they will be very costly. They can store them with liquid nitrogen or even dry ice but it will cost a lot of money.

“AstraZeneca would have been better because it would stay at normal freeze temperature and I think even Russian vaccines can be stored at the same temperature but I think the government is going with Pfizer because the World Health Organisation has given it an emergency approval.

“But I think all the vaccines are now being deployed in many countries. So, we can do all of them rather than do just one considering the storage capacity for Pfizer. Even the government knows that we don’t have enough space but we can be taken in batches.”

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Only God Can Give Victory Over Insecurity —– Femi Adesina

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The Special Adviser to the President on Media and Publicity, Femi Adesina, says Nigerians who fail to commit the security situation into the hands of God could be guilty of indirectly prolonging the war against insurgency.

Adesina said this in an article on Thursday titled, ‘The Decent for the Indecent, the Just for the Unjust’.

The President’s aide noted that a short viral video showed a soldier and four others singing that victory is from God alone.

Adesina, however, said many Nigerians had failed to understand that only God gives victory.

He wrote, “But victory is from God alone. That is what we must realize as Nigerians. Do we ever pray for our troops in the frontlines? Do we remember those youths, our pride, and strength, faced by death daily, as we sleep in the comfort of our homes, ensconced in the tender bosom of our wives?

“As we pray; God give me money. Give me a car. Give me a promotion. Kill my enemies. Do it now. Do we ever remember our soldiers? Ere you left your room this morning, did you think to pray…did you pray for our soldiers? Victory comes from God alone. If you don’t pray, you may be guilty of prolonging the war in North-East, North-west, North-central, and all over Nigeria.”

The President’s spokesman said rather than understand the fact that only God can give victory, some Nigerians had become wailers.

“Yes, victory is from God alone. But do some people know? Does it ever enter into their consciousness? They only wail: ‘this insurgency war has lasted too long. The banditry has demystified our military. They are cowards. The top guns don’t even want the battle to end.

“They are making money in billions.’ Okay. Making money in billions and wasting our soldiers, our youths, our future, and hope, in their hundreds and thousands because of blood money. That is all some people see; permanent cynics and sceptics, who know nothing of altruism, and whose God is their belly. They think only of pecuniary gain, nothing else,” Adesina said.

He said as the nation marks this year’s Armed Forces Remembrance Day, Nigerians should seize the opportunity to pray for the military and encourage them and not run them down.

 

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JUST IN: Lagos Okays School Reopening January 18

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The Lagos State Government has affirmed its earlier pronouncement that all public and private schools in Lagos State below tertiary level should resume on Monday, January 18, 2021, for the second term 2020/2021 academic session.

This affirmation was made today by the Honourable Commissioner for Education, Mrs Folasade Adefisayo while noting that this is in line with the Federal Government’s resolution after reaching a consensus with relevant stakeholders.

Details later…

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