Connect with us

BIG STORY

Fuel: No Plan To Shutdown Stations Over N195 Per Litre Enforcement —– IPMAN

Published

on

The lndependent Petroleum Marketers Association of Nigeria (IPMAN) has denied insinuations that marketers of Premium Motor Spirit (PMS), popularly called petrol, are getting set to shut down operations beginning from Monday once the government starts the enforcement of N195/litre pump price.

IPMAN’s National Operations Controller, Mr. Mike Osatuyi, in a statement in Abuja, explained the Nigerian National Petroleum Company Limited (NNPCL) is preparing the logistics to start giving petrol to IPMAN members directly two months after their December 8, 2022 agreement.

He advised members to open up their stations and start selling to the public nationwide.

He said that IPMAN is a responsible association that will not involve in undermining national security as petrol is a national security product.

According to him: “Apart from IPMAN members loading at DAPPMAN depots in Abule-Ado, ijegun axis of Lagos, has agreed to sell petrol at N172 per litre to IPMAN members as part of the Federal Government and DAPMAN efforts in ensuring Nigerian enjoy the subsidy regime.”

He added that lPMAN will also load in NIPCO and MRS depots massively for South West and North West in a few days.

Osatuyi said the National Union of Petroleum and Natural Gas Workers (NUPENG) must be applauded for cancelling the N3 union charges on petrol in the last two days in loading depots adding the government should advise NUPENG/ PTD to bring down the transportation cost to various parts of the country where a reasonable profit will be made by the transport owners and the benefits of subsidy will equally be enjoyed by the public so as to enable IPMAN members to sell at reasonable and near approved prices nationwide.

He said that Adesope Ibadan IPMAN depot publicity officer has no mandate to talk on behalf of the National body of IPMAN.

He appealed to the media to always cross-check any information from the IPMAN National body before going to press.

Alhaji Mojeed Adesope, the IPMAN Publicity Officer, Ibadan Depot called for a shutdown of all IPMAN’s filling stations due to the government’s pronouncement that the price of petrol should not exceed N195/litre, a development in which dealers, particularly independent marketers, described as tough due to the high ex-depot price of the commodity.

Osatuyi said that members will begin to get supplies directly from the Nigeria National Petroleum Company Limited (NNPCL).

He said that going forward, the independent marketers, being a critical complement to the major marketers in breaking the festering scarcity, got assurance of direct supply of petrol from the NNPCL.

The moves came on the heels of a critical meeting between NNPCL, MOMAN, IPMAN, Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Department of State Services (DSS) amongst others.

The National Operations Controller said that the NNPCL have agreed to be selling petrol directly to IPMAN members at the regulated official price, rather than the crisis-fueling situation of routing products through third parties, who had been severally fingered as being behind inflated wholesale supply prices.

Osatuyi said the direct sale of products to independent marketers “will bring down the price of the product”, noting that direct sale of products to independent marketers will lead to an immediate reversal of retail prices to the regulated retail price.

He said: “I can tell you that the NNPCL have agreed to be giving IPMAN petrol directly and not through a third party.

“The Federal Government of Nigeria and the Inspector General of police should call the federal task force on petroleum products to order as there recent actions is geared towards intimidation and exploitation.

“IPMAN will work with them in a peaceful and friendly atmosphere to fish out fraudulent members among IPMAN members that can be proven but not exploitative agenda.”

 

BIG STORY

BREAKING: President Tinubu Appoints Kemi Nanna Nandap As Immigration Comptroller-General

Published

on

Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has approved the appointment of Kemi Nanna Nandap as the comptroller-general (CG) of the Nigeria Immigration Service (NIS), effective from March 1.

Ajuri Ngelale, presidential spokesperson, in a statement on Wednesday, said Nandap will take over from Caroline Wura-Ola Adepoju, whose term in office will expire on February 29.

Before she was appointed as the CG, Nandap was the deputy comptroller-general in charge of the migration directorate of the service.

“The President anticipates that the new Comptroller-General will deepen the ongoing reforms in the service and create a robust mechanism for efficient and dedicated service delivery to Nigerians, as well as strengthen the nation’s security through proactive and effective border security and migration management,” the statement reads.

Continue Reading

BIG STORY

FG Will Allow Massive Importation Of Cement If Prices Do Not Reduce Nationwide — Housing Minister Dangiwa Threatens Dangote, BUA, Others

Published

on

A day after the Nigerian government and major cement manufacturers in the country agreed to bring down the price of the product, Ahmed Dangiwa, the Minister of Housing and Urban Development, threatened the manufacturers that the government would allow massive importation of cement if the price was not reduced across the country.

Ahmed Dangiwa issued the threat on Tuesday in Abuja at a meeting with Cement and Building Materials Manufacturers.

It was gathered that major cement manufacturers in Nigeria, Dangote, BUA and Lafarge, at a separate meeting on Monday, agreed that the price of a bag of cement will not exceed between N7,000 and N8,000.

The resolution was reached following a meeting between the Minister of Works, David Umahi, the Minister of Industry, Trade and Investment, Doris Uzoka-Anite as well as representatives of BUA Cement, Dangote Cement, Lafarge and Cement Producers Association on Monday.

The price of a bag of cement, used for construction across Nigeria, has increased to about N13,000 in many parts of the country amidst a cost-of-living crisis that has led to spikes in the prices of goods and services across the country.

While Nigerians wait to see if Monday’s agreement with the cement manufacturers will be implemented, the government on Tuesday warned that it might open the borders for cement importation if manufacturers of the product fail to bring down the prices.

Mr Dangiwa expressed concerns that in the past couple of months, the country had witnessed an alarming increase in the prices of cement and other building materials.

“Clearly, this is a crisis for housing delivery. An increase in essential building materials means an increase in the prices of houses,” the minister said.

“We are not the only country facing these challenges, many countries are facing the same type of challenges that we’re facing, some even worse than that.

“But, as patriotic citizens, we have to rally round the country when there is crisis, to ensure that we do our best to save the situation,” he said.

Mr Dangiwa said the cement manufacturers are enjoying the benefits of government policies.

“The government stopped importation of cement in other to empower you to produce more and sell cheaper,” he said.

“Otherwise the government can open the borders for mass importation of cement, the price will crash, but you will have no business to do.”

He said the reasons given by cement manufacturers for the price increase – the high cost of gas and manufacturing equipment – were not enough for such astronomical pricing.

While cement manufacturers can control the prices they sell the product, wholesalers and retailers often, arguably based on their operational costs, sell at prices of their choosing.

Mr Dangiwa, however, said the government wants the manufacturers to compel the wholesalers and retailers to sell at fixed prices.

He expressed his displeasure at the position of the Cement Manufacturer Association of Nigeria (CEMAN) that the association “does not interfere with the pricing of cement.”

He said the association should not just fold its arms when things were going wrong.

“One person cannot be selling at N3500 per bag and another selling at N7000 per bag and you cannot call them to order,” he said.

“The association is expected to monitor price control, otherwise the association has no need to exist.”

Earlier, the Executive Secretary of CEMAN, Salako James, said the housing policy of the administration of President Bola Tinubu was laudable and every responsible Nigerian has to key into it.

He, however, identified some areas of concern and appealed to the government to look into them to tackle the issue of cement pricing.

Mr Salako identified the challenges of gas supply to heavy users like the cement industry and urged the government to create a window whereby gas will be bought with Naira instead of dollars.

He also complained about the distribution channel, stressing that there was a great difference between the price from the manufacturers and the market price.

He, therefore called for government intervention to help stabilise the situation and bring sanity to the economy.

At the end of the meeting, the minister directed that a committee should be constituted to review the situation and come out with implementable resolutions that would benefit the common Nigerian.

The three major cement producers, Dangote Plc, BUA Plc and Lafarge Plc were represented as well as other industry stakeholders.

Continue Reading

BIG STORY

Labour Party’s National Chairman Julius Abure Arrested In Edo [VIDEO]

Published

on

Julius Abure, the National Chairman of the Labour Party, has been arrested by security operatives in Edo State.

Abure, on Wednesday, was arrested a few days before the party’s primary election in Edo State.

It was gathered that he was arrested by operatives of the Zone 5 police headquarters in Benin, Edo State.

A crowd had gathered at the entrance, with only police officers and a few VIPs allowed inside.

It was gathered that his arrest was the result of a petition forwarded to the Zone from the office of the Inspector General of Police in Abuja.

Abure was captured in viral videos and pictures being forcibly handled by police officers, while his supporters from the LP party tried to intervene to stop his arrest.

Confirming the incident, the Police Public Relations Officer of the Zone, Tijani Momoh, said, “There is a standing order for now that nobody should come in.

“Yes, the Labour Party National Chairman is here and it has to do with a petition that was referred to this office from the Inspector General of Police.

“It was referred to Zone 5 from the IG’s office, he is with us but I cannot give the contents of the petition right now.”

When asked if he was being detained or just to take his statement, Momoh said, “I don’t know for now.”

Abure has been having running battles with some members of the party in the state over allegations of substituting candidates in the 2023 general election without the consent of the affected aspirants, an allegation he has denied.

It was also gathered that the arrest may be connected to the factional crisis rocking the party as a factional national youth leader was recently brutalised by some suspected members of the party.

Abure has also come under fire for allegedly mishandling party funds.

Continue Reading

Most Popular