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BREAKING: FG Announces Reduction In Fuel Price To N162.44 Per Litre

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The Federal Government has announced a reduction in the pump price of premium motor spirit, otherwise known as petrol, from N168 to N162.44 per litre with effect from December 14.

The Minister of Labour and Employment, Dr Chris Ngige, disclosed this at the end of a meeting with labour leaders which began around 9 pm on Monday and ended at 1:30 am on Tuesday.

The product presently dispenses at N168, following the decision of the Petroleum Products Marketing Company to increase the ex-depot price of petrol from N147.67 per litre to N155.17 per litre in November.

The ex-depot price is the price at which the product is sold by the PPMC to marketers at the depots.

The minister said a technical committee has been set up to ensure price stability in the industry.

Ngige stated that the committee, which will report back to the larger house on January 25, will appraise the market forces and other things that would ensure stability in the industry.

He said, “Our discussion was fruitful and the Nigerian National Petroleum Corporation which is the major importer and marketers of petroleum products and customers have agreed that there will be a slide down of the pump price of PMS and that the price cut will get us about N5 per litre and that the price cut will take effect from next Monday, a week today.”

Ngige explained that the price reduction was not meant to suspend deregulation because it did not affect the price of crude oil but on areas where the NNPC as the main importer had agreed that it could cut costs like freight and demurrage costs.

He said the new price slash was a product of a joint committee of NNPC and labour representatives, which looked into ways of cutting costs.

On the aspect of electricity tariff, both sides agreed to wait till the next meeting date on January 25 to enable the special committee dealing with complaints to conclude their deliberations.

The President of the Nigeria Labour Congress, Mr Ayuba Wabba, collaborated the position of the minister, saying that the agreement was reached by both sides.

 

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PTF: COVID Vaccination Certificate Will Become A Travel Requirement

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Boss Mustapha, chairman of the presidential task force (PTF) on COVID-19 and secretary to the government of the federation, says the COVID-19 vaccination certificate will “very soon” become a requirement for travels.

Mustapha stated this, on Saturday, after President Muhammadu Buhari and Vice President Yemi Osinbajo received doses of the AstraZeneca vaccine, at the presidential villa, Abuja.

He noted that some countries have started placing restrictions on receiving visitors on the basis of the COVID-19 vaccination certificate.

“Vaccine hesitancy will have to give way to the reality because the truth about it, your excellency, is that very soon, nobody will be able to travel the world unless you produce the certificate that you have been given,” he said.

“I have not confirmed this but reliably, some countries have started putting restrictions for receiving visitors, even for exercising activities of their faith, without a COVID-19 vaccination certificate.”

Recently, Saudi Arabia’s health ministry said only people who have been vaccinated against COVID-19 will be allowed to attend the 2021 Hajj.

Speaking further, he urged Nigerians not to listen to conspiracy theories and misinformation on vaccines and make themselves available when it is their turn to do so.

“They (vaccines) have been tested. Our strategic leaders have received them this morning. They are safe. They are efficacious and it is for the good and wellbeing of our people,” he said.

“I urge Nigerians to make themselves available, not to listen to conspiracy theories and misinformation but to make themselves available, eligible Nigerians when it is their time to do so.”

Mustapha commended Buhari for always approving the proposals and memos sent to him by the PTF in the fight against the pandemic.

On Friday, Nigeria commenced its COVID-19 vaccination with frontline health workers in Abuja

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BREAKING: Buhari, Osinbajo Receive COVID-19 Vaccines In Aso Villa [VIDEO]

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The President, Major General Muhammadu Buhari (retd.), and Vice-President Yemi Osinbajo were on Saturday vaccinated against COVID-19.

Buhari was vaccinated by his personal physician, Dr. Suhayb Sanusi, at about 11.51 am at a brief ceremony witnessed by top government officials at the New Banquet Hall of the Presidential Villa, Abuja.

Shortly after the President, Osinbajo was also vaccinated by his personal physician, Dr. Nicholas Audifferen, at about 11.57 am.

The President and his deputy were the first among the nation’s strategic leaders to take the vaccine after some frontline health workers at the treatment center of the National Hospital, Abuja, were vaccinated on Friday.

The National Agency for Food and Drug Administration and Control had early on Friday cleared the 3.924m doses of AstraZeneca vaccine which arrived in Nigeria on Tuesday for usage in the country.

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Nationwide Covid-19 Vaccine Roll-Out To Gulp N10.6bn Transportation Cost

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The Federal Government, through the National Primary Health Care Development Agency, has budgeted the sum of N10.6bn to transport the COVID-19 vaccine to the 36 states and the 774 local government areas as well as the Federal Capital Territory and the six area councils.

Also, about N1.4bn was set aside for the procurement of Personal Protective Equipment while N373m was earmarked for the purchase of Adverse Events Following Immunisation kits otherwise known as AEFI kits.

This is according to a document obtained by the media on Friday, which was presented to the 36 governors during a meeting between representatives of the Federal Ministry of Health and the Nigeria Governors Forum on Thursday.

The document titled, ‘Estimated Budget for States Rollout of COVID-19 Vaccines (end-to-end),’ showed that Kano State, which has 44 local government areas, has the highest budget for transportation at N685.4m while N558.6m will be spent on distributing the vaccines to Lagos State, which is the epicenter of the COVID-19 pandemic.

About N476m would be spent on distributing vaccines in the President’s home state of Katsina while N396.3m will be spent in Oyo State.

Bayelsa, which has just eight local government areas, has the lowest budget for vaccine transportation which is N121m.

The total amount of money earmarked for the transportation of vaccine, procurement of Personal Protective Equipment, AEFI kits, and sensitization was summed up at N12.7bn.

The Minister of Health, Dr Osagie Ehanire, on December 22, 2020, told the Senate that the Federal Government would need about N400bn to vaccinate 70 percent of Nigeria’s population.

The Senate leadership subsequently asked Ehanire to bring a budget while they promised to give it quick consideration.

However, it was learnt that as of Friday, no supplementary budget had been sent to the National Assembly.

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