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800 Petrol Tankers Converted To Supply Gas — Marketers

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Oil marketers are now changing some of their trucks to start distributing gas to filling stations in order to dispense compressed natural gas to automobiles that run on gas.

It was gathered on Thursday that roughly 800 tankers, which had previously been used to transport gasoline to gas stations, were being modified by marketers to begin transporting gas to retail establishments.

The marketers also disclosed that certain filling stations that supplied Premium Motor Spirit, more commonly known as gasoline, were now colocating CNG dispensing pumps.

They stated that the move gained momentum after the halt in PMS subsidy by the Federal Government, following the announcement by President Bola Tinubu, on May 29, 2023, that ‘subsidy is gone’.

The Federal Government had been pushing for the use of CNG by motorists, as against the widespread consumption of PMS. Gas, according to operators, was not only cheaper than subsidised petrol but was cleaner and very abundant in Nigeria.

The National President, Independent Petroleum Marketers Association of Nigeria, Chinedu Okonkwo, said, “Some of my members have started signing up to dispense gas at their stations, as well as the collocation of gas in their outlets. One of the major independent marketers has given over 500 of his trailers for conversion to transport gas to filling stations.”

He, however, pleaded not to name the owners of the stations, explaining that the dealers would not want to have their names in print at the moment, in order not to expose their businesses.

Explaining further, he said, “There are some new tankers too, over 300 of them have also indicated interest to have CNG (Compressed Natural Gas) trucks. These trucks are to serve filling stations that would be dispensing gas to vehicles.

“What we will do is collocate the gas dispensing plants in a plug-and-play model with existing filling stations. That is the beauty of it and that is why IPMAN is very keen on this project because there is no Local Government or ward in Nigeria today that you won’t see my members.

“We control over 80 percent of the downstream oil sector. So it is an advantage for us. For if you are to build new gas or CNG stations, it will take a huge cost. But this collocation model has helped to reduce the exposure in terms of building new stations.”

The push for the conversion to gas usage in vehicles further gained traction on Wednesday when the Depot and Petroleum Products Marketers Association of Nigeria met with Tinubu at the State House and promised to provide 100 units of CNG/diesel-powered, 50-seater buses to ease mobility among the most vulnerable citizens.

The Managing Director, North-West Petroleum & Gas Company Limited, Winifred Akpani, who spoke for the group, had revealed at the meeting that the new locally-manufactured buses would cost N100m each and would run on gas.

Meanwhile, the IPMAN president also told our correspondent that marketers were being asked to pay additional amounts for petrol that was not supplied to them before subsidy on the commodity was removed.

He said the Nigerian National Petroleum Company Limited, the sole importer of the commodity, had asked oil marketers to make the payment, adding that the extra cost was between N13m and N14m.

According to him, “The other thing that is of concern to my members is that some of them paid for products over three months ago and have not loaded these products. And when the NNPC changed the cost of PMS recently, it is asking them to bring extra N14m or N13m; that is a problem.

“They (marketers) are saying that the NNPC should provide the products that were paid for before the price was increased. That is the challenge I have now. Some of these marketers were on the verge of loading before the price was increased.”

“But NNPC said everybody has to pay the new price because the product has not entered the trucks of those who paid the old rate. I have pleaded with the Vice President of NNPC to see what the company can do.”

The Group Chief Executive Officer, NNPCL, Mele Kyari, reacted to this during a recent television interview, where he stated that “the immediate adjustment is typical anytime there is a price adjustment, even for other commodities in the market.

“For instance, if you buy tomatoes today and the price changes, a businessman will sell the old stock at the new price. This is the reality of the market and it applies to every commodity and not just petrol.

“It also could have been the other way round, prices could have collapsed downwards and those holding the stock will have to sell at lower prices to arrive at the market condition.”

Kyari insisted that it was “really nothing strange,” adding that “it is a stock management issue and is very typical and no one can do anything about this.”

BIG STORY

Aare Abisoye Fagade Joyously Celebrates The Coronation Of The 43rd Olubadan Of Ibadan, Oba Akinloye Owolabi Olakulehin

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In a momentous celebration that echoes through the vibrant streets of Ibadan, Aare Abisoye Fagade extends his exuberant congratulations to Oba Akinloye Owolabi Olakulehin on his enthronement as the 43rd Olubadan of Ibadan. This landmark coronation ushers in a new era of leadership, heritage, and progress for the illustrious city of Ibadan.

With a heartfelt connection that spans decades, Aare Fagade has cherished the guidance and wisdom of Oba Olamilehin, whom he has revered not only as an esteemed uncle but also as a distinguished entrepreneur and an astute politician, a legacy passed down through his father, the late Elder David Oladokun Fagade. The bond between their families is woven into the very fabric of Ibadan’s history, making this occasion deeply personal and profoundly significant.

“Today, we celebrate not just a coronation but the dawn of a new chapter in the storied history of Ibadan,” proclaimed Aare Abisoye Fagade. “Oba Akinloye Owolabi Olakulehin embodies the virtues of wisdom, integrity, and visionary leadership. His ascent to the throne heralds a future filled with promise and prosperity for our beloved city.”

Aare Fagade’s jubilant praise for the new Olubadan is accompanied by fervent prayers for his reign. “May the reign of Oba Akinloye Owolabi Olamilehin be showered with divine blessings, peace, and unprecedented growth. May his leadership unite us and inspire us to reach new heights of excellence and harmony.

The coronation of Oba Olakulehin is not merely a ceremonial event but a rallying cry for all Ibadan indigenes to come together in support of their new monarch. Aare Fagade calls upon every son and daughter of Ibadan to embrace this momentous occasion with unity and enthusiasm, pledging their support to a reign that promises to uphold the grandeur and legacy of Ibadan.

As the city of Ibadan rejoices in this historic event, the air is filled with anticipation and hope for a future sculpted by the vision and guidance of Oba Akinloye Owolabi Olamilehin. Aare Abisoye Fagade stands proudly with his fellow Ibadan natives, celebrating the dawn of a new era.

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BIG STORY

JUST IN: President Tinubu Renames National Theatre After Wole Soyinka

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has renamed the national theatre in Lagos after Wole Soyinka.

Tinubu made the pronouncement in a birthday message to the Nobel laureate who turns 90 on July 13.

“It is also fitting we celebrate this national treasure while he is still with us,” Tinubu said.

“I am, accordingly, delighted to announce the decision of the Federal Government to rename the National Theatre in Iganmu, Surulere, as the Wole Soyinka Centre for Culture and the Creative Arts.

“We do not only celebrate Soyinka’s remarkable literary achievements but also his unwavering dedication to the values of human dignity and justice.”

 

More to come…

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BIG STORY

HEALTH: FG Inaugurates Committee To End Mother-To-Child Transmission Of HIV

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The federal government has established a multidisciplinary committee to eliminate the transmission of HIV from mothers to children in Nigeria.

Minister of State for Health and Social Welfare, Tunji Alausa, launched the Prevention of Mother-to-Child Transmission (PMTCT) and Pediatric HIV Programme Committee in Abuja on Thursday.

Alausa highlighted that Nigeria accounts for 25% of global mother-to-child HIV transmission and emphasized the ministry’s commitment to collaborating with the National Agency for the Control of AIDS (NACA) and the National AIDS and STIs Control Programme (NASCP) to ensure that no child is born with HIV, thereby eradicating vertical transmission.

“As you are aware, Nigeria contributes 25% of the global burden of HIV transmission between mothers and their children,” Alausa said.

“Despite testing approximately 4 million pregnant women in 2023, our PMTCT (prevention of mother-to-child transmission) and pediatric HIV coverage remain at about 35%, falling significantly short of the 95% target.

“Through the National Agency for the Control of AIDS (NACA) and the National AIDS and STIs Control Programme (NASCP), we will provide effective governance for this programme.

“Eliminating mother-to-child transmission of HIV and ensuring care for all persons living with HIV, especially our children, aligns with the renewed hope agenda of Mr President.”

Also speaking, Temitope Ilori, the director-general of NACA, expressed concern over the low coverage of PMTCT and pediatric HIV in Nigeria.

Ilori said about 140,000 children below 14 years old are living with HIV as of 2023, with 22,000 new infections and 15,000 AIDS-related deaths occurring among underage people.

The NACA DG noted that the newly constituted committee will drive the implementation of the initiative, in line with the sector-wide approach to health care in Nigeria.

“Nigeria faces a critical challenge in preventing mother-to-child transmission (PMTCT) of HIV and ensuring access to care for children living with HIV,” Ilori said.

“The objective of today’s meeting is to formally inaugurate the acceleration plan committee to provide oversight to the PMTCT and pediatric HIV programme implementation in line with the three-one principle of one coordinating agency, one strategic framework, and one M&E system.”

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