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Black Marketers Take Advantage As Fuel Rises To N1,300/Litre, Depots Run Dry

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A severe fuel shortage has hit several states in Nigeria, including Lagos, Ogun, Abuja, and Niger. This shortage has resulted in long queues at fuel stations, causing inconvenience to motorists and commuters.

The situation has also led to a surge in black market activities, with petrol being sold at exorbitant prices of up to N1,500 per liter.

According to the Nigerian National Petroleum Company Limited (NNPC), the shortage is attributed to a disruption in the discharge operations of two vessels.

This disruption has led to a tightness in fuel supply and distribution, causing the current scarcity.

The NNPC has assured that it is working to resolve the issue and restore normal fuel supply and distribution.

The company has also warned against panic buying and hoarding of fuel, stating that it has sufficient stock to meet the country’s demand.

As of now, the fuel scarcity persists, with long queues still visible at fuel stations in various parts of the country.

The NNPC has not provided a specific timeline for when the situation will be resolved, leaving motorists and commuters to bear the brunt of the shortage.

“The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is as a result of a hitch in the discharge operations of a couple of vessels,”  the NNPC Chief Corporate Communications Officer, Olufemi Soneye, said.

The company added that it was “working round the clock with all stakeholders to resolve the situation and restore normalcy in the operations.”

However, despite the assurance by the NNPC, the situation worsened as checks by our correspondents nationwide on Sunday showed that there were long queues at several filling stations across major cities.

  • No Loading At Apapa

It was gathered that there was no loading of trucks in the Apapa depots as of Sunday.

A depot operator, who did not want his name in print, told our correspondent that there was no fuel in almost all the depots on Sunday after the little available was supplied on Saturday.

The source confirmed that the depots are dry, saying “supply gets late thereby affecting product load out.”

It was observed on Sunday in Abuja, the capital city that while the few filling stations that dispensed the product sold it at between N660/litre and N800/litre, black marketers took advantage of the scarcity to hike the price to about N1,200/litre, depending on the area of purchase.

This came as oil marketers revealed that they were also queuing up to load petrol, adding that most depots lacked stock to sell.

“We, marketers, too are surprised that we couldn’t get fuel as we used to get at depots. We were worried too; we didn’t know the cause until the NNPC came out with a release on Saturday. Let’s just believe what the NNPC said, that they would arrest the situation,” the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola said.

“I believe that within this week, everything will be normalised by the time they push products to the depots for marketers to pick from. Ours is to pick from the depots, take it into our stations, and dispense to the public. But for now, most of the depots are dry. The implication of that is that the stations will be dry too. Most of our members have run out of stock. That is the cause of the queues we are experiencing now,” Fashola added.

He noted that marketers were still buying PMS “at a price that is above N700/litre from the private depots.”

“We are not yet getting direct supply from the NNPC as we are supposed to. What we are getting is so small compared to our population. That is why we are forced to go to the third parties, the private depot owners, and they are not helping matters with the kind of price they are putting out there.

“That is why independent marketers sell around N800 or so. Until we address this issue of direct supply, there will be issues. We keep shouting to the NNPC to look at that area properly because something is fundamentally wrong with our distribution channel and until they correct that, we will continue to have this issue of fuel scarcity.”

On his part, the Executive Secretary of the Major Energies Marketers Association of Nigeria, Clement Isong, also confirmed that there had been low stock but could not tell when the situation would improve.

“The problem is that the stock is low because there have been some challenges in bringing the product into the country from the vessels. We are all queuing up for products, everybody is looking for the product from the NNPC. Only the NNPC knows when normalcy will be restored. It is the sole supplier,” he stated.

The spokesperson for the NNPC, Olufemi Soneye, did not respond to inquiries on Sunday on when the fuel supply situation would improve up till when this report was filed.

  • N1,500/Litre In Ogun, Lagos

Our correspondents who visited parts of Lagos and Ogun states on Sunday reported that many fuel stations did not open for business while the handful that opened had long queues of vehicles and people buying in jerrycans. Black marketers had a field day selling to impatient motorists at between N1,200 and N1,500 per litre, depending on the location.

A bus driver, Elijah Sunday, who spoke to one of our correspondents at the Ketu motor garage in Lagos, lamented the struggle to get PMS.

“We have been finding it hard to get fuel for the past couple of days and it’s expensive, so, we had to increase the rates,” he said.

A minibus driver plying the Eko Hotel-CMS route in Lagos insisted on N300 instead of N200, citing the fuel scarcity.

Fuel queues were observed at PM Petroleum at Cele Bus Stop along the Oshodi-Apapa Expressway. At the North West filling station close to CharlyBoy Bus Stop at Gbagada, Lagos and the NNPC station at Ogudu, there was a long line of vehicles.

At Petrocam, a filling station in Ajao Estate, Lagos fuel sold for N780 per litre.

Report has it that there was a long queue at the NNPC station along the Cele Expressway, where the pump price was set at N568 per litre.

It was gathered on Sunday that a litre of PMS was sold at N1,200 in Ipokia, a border community in Ogun State.

Similar scenarios also played out in some residential areas in Abuja where black marketers sold their fuel at between N1,000/litre and N1,200/litre.

Residents of Idiroko, Ajegunle, Maun, Ijofin, Agosasa, Madoga and other areas in the Ipokia Local Government in Ogun State said they now patronise black marketers, following the ban on fuel supply in border areas.

“You know we have about four filling stations servicing the entire local government area because we are in the border areas. They sell at N870/litre now while black marketers sell at N1,200/litre. That is our punishment for living at the border,” a resident, Sam Adegoke, stated.

Many of the filling stations in the Ogun State capital didn’t sell the product, and some who did, exploited desperate buyers, who paid as much as N1,000 before they had the product sold to them.

  • Similar Case In South-South

In Benin City, the Edo State capital, motorists queued for long hours to purchase fuel at the NNPC mega station on Sapele Road and  NIPCO in the Jattu area in Auchi.

The long queues at the NNPC station are a common occurrence as the product is sold for N591 per litre, the cheapest in the state.

In other stations in Benin, a litre of PMS was sold for between N750 and N800.

  • Northern Black Marketers  

In Gombe, fuel sold between N850 and N1,000 across major stations, while black marketers made brisk business, selling for N1,250 per litre as frustrated motorists resorted to buying the product from them following the scarcity.

According to The Punch, a motorcyclist, Usman Abubakar said “You may think that the amount sold by the roadside people (black marketers) is expensive until you are in a fix and you can’t access a filling station with petrol, then you will be left with no option but to patronise them despite the ridiculous amount,”

Motorists in Jos, the Plateau State capital, expressed concern over the persistent scarcity and high cost of the commodity, saying that the situation had worsened the economic hardship.

Black marketers in parts of Jos sold for N1,300/litre.

A motorist, Philip Gyang, said he had been in the long queue at the NNPC filling station along Dogon Karfi Road for over four hours but couldn’t get the product to buy.

“At the black market I paid N1,300 per litre before joining the queue at the NNPC outlet, where I eventually couldn’t get to buy,” Gyang lamented.

A Jos resident, Margaret John, said the scarcity had further increased the cost of living in the state.

“Can you imagine that I paid N500 from Polo Roundabout to Anguldi, when I was going to the church today (Sunday). When I was returning home, the driver insisted that I paid N700, it’s not funny. People are already complaining about the harsh economic conditions, now the fuel scarcity and high cost are worsening the situation.”

A car owner in Minna, the Niger State capital, said he had abandoned his car at home over fuel scarcity and skyrocketing prices.

“Yes, I have a car but I am not using it now. How many litres of fuel will I buy to be able to come to work? But with two or three litres of fuel, I can come to work on my motorcycle. It is not easy but it is cheaper. This government must act fast, Nigerians are suffering,” a state civil servant, who identified himself simply as Mutum, said.

Also, queues resurfaced in Katsina and Taraba states.

It was gathered that Katsina and Jalingo, the capital of Taraba, witnessed long queues in various parts of both cities on Sunday.

A motorist, Mallam Abdulrazakk, said he spent over five hours at the Abukur NNPC mega station, located on the outskirts of Katsina metropolis, without success.

“I was here before 8 am and now it is 1:40 pm and still in the queue, only Allah knows when I will be given fuel today (Sunday). I’m waiting.”

In parts of Yola, the Adamawa State capital, black marketers sold PMS for between N1,000 and N1,200.

“At the black market we buy between N1,000 and N1,200 per litre, so, we need to jack up the fare to enable us to stay in business,” a commercial bus driver said.

 

Credit: The Punch

BIG STORY

Lagos Announces 15-Month Traffic Diversion For Mile 2 Interchange Construction

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The Lagos State Government has announced a 15-month traffic diversion at Mile 2 for the construction of the new Transport Interchange Terminal.

The Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, said this in a statement on Sunday in Lagos.

Osiyemi noted that the diversion would integrate rail, bus, water and non-motorised transportation.

He said the 15-month traffic diversion for the construction would begin on November 11, 2024 and end on February 16, 2026.

Osiyemi, however, enjoined motorists to use alternative routes.

“Motorists heading to Oshodi from Apapa will have thorough traffic and vice versa.

“Motorists heading to Badagry from Apapa will continue their journey on Apapa – Oshodi Expressway and take a turn into Akinwande Road to link Coker and access Lagos – Badagry Expressway to continue their journeys.

“Motorists heading to Lagos from Badagry will also have thorough traffic and vice versa.

“Motorists heading to Apapa will be diverted into Durban Road to link Amuwo Odofin Estate and connect Apapa-Oshodi Expressway to continue their journeys,” he said.

He assured that the diversion routes had been well marked with signs to assist motorists navigate their destinations.

Osiyemi added that officers of the Lagos State Traffic Management Authority would be on ground along the affected routes to oversee traffic flow.

He advised motorists to cooperate with the interventions put in place to minimise inconveniences.

“Motorists are implored to be patient as the closure is part of the traffic management plans for the construction of the Transport Interchange Terminal project by the Lagos Metropolitan Area Transport Authority,” he said.

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BIG STORY

Editor Embarks On Book Tour, Announces Abuja Reading Event

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Author and accomplished newspaper editor/ journalism prizeman, Dayo Oketola, is set to embark on an international book tour taking off on November 15 with a book reading and signing event in Abuja.

Oketola has authored a book titled, ‘The Catalyst: Nigerian Tech Evolution Through a Journalist’s Lens’, presented to the public on September 17, 2024, at the Muson Centre in Lagos during an Exaugural Lecture marking the end of his tenure as Editor, The PUNCH.  The book was unveiled by former President Olusegun Obasanjo and other dignitaries.

The author expressed heartfelt gratitude on the incredible support and accolades that have followed the release of the book and announced an international book tour, beginning in Abuja and continuing to Lagos, Akwa-Ibom, Delta, as well as the UK, US, and Canada, among other locations.

He said, “The book reading and signing event, hosted by RovingHeights Bookstore in Abuja, will mark the start of the international “Catalyst Book Tour.” This tour will include readings, book signings, fireside chats, and interviews, serving as a platform to share insights from my 20 years in journalism while celebrating my contributions to the telecom industry’s knowledge base. It will also provide a chance to connect with friends, colleagues, critics, and fellow book lovers, both locally and internationally.”

Speaking on the book, the author explained that the 352-page compendium structured into 14 chapters celebrates remarkable industry achievements while critically addressing the persistent gaps that hinder its full potential.

 

He said,  “Blending personal narratives with meticulous industry analyses, ‘The Catalyst: Nigerian Tech Evolution Through a Journalist’s Lens’ offers a profound exploration of Nigeria’s telecommunications evolution,  which began with the introduction of GSM in 2001, to the vibrant and competitive industry we witness today.  It also highlights the bold initiatives that opened the sector to private investment, leading to over $70 billion in capital inflow and the creation of over 500,000 jobs in over 20 years.

“From emphasising how advancements in telecommunications, fintech, and infrastructure have catalysed Nigeria’s national development, the book delves into strategic planning and governance, showcasing successful projects that highlight the importance of foresight in harnessing technology for societal growth. Through real-life stories and case studies, readers will witness the transformative power of innovation in various sectors, from agriculture to education, among others.”

In the chapters dedicated to inclusivity in technology, the author confronts the marginalisation of vulnerable groups, particularly persons with disabilities (PWDs) and women. By exploring initiatives aimed at fostering inclusivity, the book advocates for equitable access to technological advancements, emphasising the need for diverse voices in shaping the digital future.

According to Oketola, the book further examines the roles of regulatory agencies in shaping the telecoms and fintech sectors. It identified both the successes and failures of existing regulatory frameworks, shedding light on how these have influenced industry innovation and equipping readers with a deeper understanding of the complexities at play in Nigeria’s tech ecosystem.

The author equally investigates the operational challenges faced by NigComSat-1R, Nigeria’s multi-million dollar communication satellite, while looking into the future by examining the government’s initiatives aimed at unlocking Nigeria’s digital economic potential through broadband expansion, infrastructure development, and the rise of 5G technology.

According to him, the book is a collector’s item for ICT sector stakeholders, policymakers, researchers, lecturers, STEM students, university libraries and those interested in understanding the dynamic intersection of technology, policy, and social impact in Nigeria.

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BIG STORY

NDLEA Intercepts UK, UAE, Australia-Bound Illicit Drugs Concealed In Body Cream, Artwork

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The National Drug Law Enforcement Agency (NDLEA) has successfully thwarted attempts by drug trafficking syndicates to smuggle cocaine, cannabis, and tramadol to Australia, the United Arab Emirates, and the United Kingdom.

On October 28, 2024, NDLEA officers intercepted drug shipments concealed within body cream containers and pieces of artwork at various courier companies in Lagos State.

Additionally, on October 29, 2024, the agency seized 754,000 pills of tapentadol and acetaminophen at the Apapa seaport during a joint operation with Nigerian Customs Service and other security agencies.

In another operation in the Federal Capital Territory, 24-year-old Mujahid Hamisu was arrested with 147,000 tramadol pills concealed in plumbing materials along the Kwali-Gwagwalada-Abuja Expressway.

Hamisu was on his way from Onitsha, Anambra State on November 2, 2024.

Another suspect, Seun Abimbola, 47, was nabbed by NDLEA operatives the same day with 512 grams of methamphetamine during a raid operation at Giri Junction area of the FCT.

In Kogi State, NDLEA officers on patrol along Kabba-Obajana Highway arrested Mercy Ameh, 28, in a commercial bus travelling from Lagos to Abuja while a search of her luggage led to the recovery of fake Naira notes worth N4,353,200.

Another suspect, Shaibu Dahiru, 27, was nabbed in a vehicle going from Lagos to Katsina along Lokoja-Okene-Abuja Road on October 30 with 68 blocks of cannabis weighing 27.400kg.

A notorious drug dealer, Usman Abba (alias Timaya), who has been on the watchlist of the Katsina State Command of the NDLEA was on October 30 arrested at Liberty Hotel, Kofar Kaura with consignments of Arizona, a strain of cannabis.

The same day, NDLEA operatives in Adamawa State arrested a suspect, Augustine Dike, 31, with 50.3 grams of methamphetamine at Quarisa Hotel, Jimeta.

In Taraba State, operatives on November 1 arrested Danlami Fakwa, 46, at Sabon Gari, Jalingo Local Government Area with 49.795kg cannabis, while a total of 561kg of the same substance was recovered from a Sienna bus at Ogbese village in Ondo State on October 28.

A suspect Kabiru Yusuf, 25, was on October 2 arrested in possession of 51,813 pills of tramadol and exol 5 at NDA Bus Stop, Kaduna, just as raids in Edo State led to the seizure of 603.6kg cannabis at Farm Road, Ekiadolor and 308.4kg of same substance at Uroe community.

Meanwhile, across the country, NDLEA Commands continued their War Against Drug Abuse sensitisation lectures and advocacy visits to worship centres, schools, workplaces, palaces of traditional rulers and communities all through the past week.

Instances include WADA sensitisation lecture to students and staff of Government Day Secondary School, Sanganare, Adamawa State; students of College of Arts and Islamic Studies, Tungan Magajiya, Niger State; students and staff of Regina Catholic International College, Obehie, Abia State; students and teachers of Akinmorin Grammar School, Oyo, Oyo State; as well as students and teachers of Redeemer’s International School, Abakaliki, Ebonyi State.

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