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Fuel Pump Price Remains N165, Avoid Panic Buying – FG To Nigerians

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The Federal Government says the fixed pump price of Premium Motor Spirit, PMS (also known as Petrol), remains N165 per litre as stipulated in the petroleum product pricing template.

The government also advised Nigerians against panic buying PMS, also known as petrol, saying that the country currently had over 2 billion litres of PMS in various depots.

This was made known by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Nigerian National Petroleum Company Ltd., and the Pipelines and Product Marketing Company after visiting jetties in Apapa, Lagos, on Tuesday.

The depots visited by the top officials of the agencies were NIPCO Depot and TotalEnergies Depot.

The Independent Petroleum Marketers Association of Nigeria, IPMAN, had on Monday advised its members to adjust the pump price of PMS to a minimum of N180 per litre.

The marketers had said the move was necessitated by the increment in the ex-depot price of PMS by some private depots where they were buying the product from.

However, Ugbugo Ukoha, Executive Director, Distribution Systems, Storage and Retail Infrastructure, NMDPRA, maintained that petrol was a regulated product and urged marketers to comply with the pricing template.

Mr. Ukoha said the conflict between Russia and Ukraine had led to an increment in the cost of Automotive Gas Oil (diesel), which was a critical product used in transporting petroleum products from the depots to the retail outlets.

He said: “So when we observed that this poses a big challenge in the movement of other products, we made the representation to the Minister of State for Petroleum and Mr. President graciously approved that the freight rate for trucks is increased.

“There’s a N10 addition, which we will apply to the different routes to enable trucks to move to docks easily with less burden.

“With these kinds of efforts from the government, we can only continue to appeal to operators within this industry to play by the rules.

“PMS is a regulated product and the prices are fixed. The ex-depot price is known. The pump price remains N165 and the authority is ever ready to enforce those rules.

“So, we will continue to urge Nigerians to keep within these operating rules.”

Mr. Ukoha said the focus of the stakeholders in the next few days would be to close the supply gaps and resolve the ongoing scarcity of petrol as soon as possible.

Also, Adetunji Adeyemi, Group Executive Director, Downstream, NNPC Ltd., said the purpose of the visit to the depots was to get first-hand information on the challenges responsible for the current scarcity.

Mr. Adeyemi said despite the challenges globally in terms of the supply chain, NNPC had continued to provide petroleum products, specifically PMS to Nigerians.

“Today we have about 2 billion litres of PMS in-country, which is about 34 days of sufficiency. So, there is sufficient petrol in the country.

“We are working with the entire stakeholders and players in the downstream sector to ensure that this product gets to the distribution channels and also the stations.

“We want Nigerians to continue to enjoy the free flow of petroleum products,” he said.

Isiyaku Abdullahi, Managing Director, PPMC, said the company had been supporting transporters and marketers with diesel in form of palliative to ensure the smooth distribution of PMS and ameliorate the suffering of Nigerians.

Mr. Abdullahi said three vessels carrying about 60 metric tons of PMS were currently discharging at the Apapa jetty, which would be further transported to Lagos and other parts of the country to restore normalcy.

On their part, Suresh Kumar, Managing Director, NIPCO, and Ernest Umunna, Site Manager, TotalEnergies, assured Nigerians of product availability at their depots.

They also promised to carry out 24-hour trucking operations to ensure that the scarcity situation in Lagos was resolved within the next few days.

Credit: NAN

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Seasoned Business Professional Toke Ola-Akinpelu Feeds Over 500 People In Need Through “14 Hour Initiative” Food Outreach [VIDEOS]

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In a remarkable display of compassion and commitment to giving back, seasoned business professional Toke Ola-Akinpelu spearheaded a successful food outreach program dubbed the “14 Hour Initiative.” The initiative, held on March 2nd, 2024, provided meals to over 500 individuals facing food insecurity.

While Toke Ola-Akinpelu is well-respected in the professional world for her expertise in client relations and retention across various industries – banking, consulting, and now information technology – her dedication extends far beyond the boardroom. Recognizing the need within her community, she took the initiative to organize the “14 Hour Initiative” food outreach program.

The day-long event saw tireless efforts from Ms. Ola-Akinpelu and her team, who worked diligently for 14 hours to ensure access to nutritious meals for those in need. Through this initiative, over 500 individuals received nourishing food, offering a critical lifeline during challenging times.

  • About Toke Ola-Akinpelu

Toke Ola-Akinpelu is a seasoned professional with a strong track record in client relations and retention. Throughout her career, she has championed the importance of excellent service experiences and client satisfaction across diverse industries. Her commitment extends beyond the professional realm, as demonstrated by her leadership in the “14 Hour Initiative” food outreach program.

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Ondo State Cabinet: Group Congratulates Governor Lucky Ayedatiwa

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The Grassroots Democratic Innitiatives congratulate the Gov of Ondo state on the quality of members of his newly inaugurated cabinet.

In a Commuinque signed by Comrade Razaq Oladosu, Buska,the Executive Director of the Pro Democray group.

The Group reiterated their trust and belief in the capacity of majority member of the newly formed cabinet to deliver real dividend of democracy to the people of the Sunshine State.

In the Communiques, Dr Kayode Ajulo, the Attorney General was recognized as an embodiment of principle,integrity and love for humanity, a man that is worthy of the trust deserving of that office,whose track record is very impressive and speaks for themselves .

They further Congratulate the Gov Lucky Ayedatiwa for his choice of Comrade Gany Mohammed Ajowa,as a Special Adviser.

Comrade Gany Mohammed Ajowa is one of the footsoldiers of pro democracy movement,and Advocate of progressive and people oriented governance, from his days in the student union movement (NANS),A founding memember of the Committee for the Defence of Human right (CDHR)all through as a Cadre of the National Democratic Coalition,(NADECO,)and a one of the most consistent voice of reason the the labour movement, his record of dedication and commitment is an assurance of what he will represent in the new dispensation.

Comrade Gany Mohammed Ajowa as a bridge builder is an assured asset to the government.

The group further reiterated their commitment and support for the Government of Gov. Lucky Ayedatiwa to deliver on the renewed hope agenda of this Government and our great party.

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Lagos Gives 4-Day Relocation Notice To Squatters On Lagos Coastal Road, Lekki

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The Lagos State Government on Sunday served a four-day notice of displacement to all squatters occupying unlawful shanties near the Lagos coastal route in the Mayegun, Lekki region of Lagos, in response to the indiscriminate emergence of shanties and illegal buildings.

Speaking with newsmen after an inspection tour to Jakande, Elegushi itedo, System 156 and 44 on Orchid Road, HC MOE&WR, Tokunbo Wahab said all such illegal shanties and squatters, close to Regional Road Alignment must vacate the area by Thursday afternoon. He warned that failure to move would invite enforcement operatives from the early hours of Friday morning as all the properties have been served mandatory notices.

The commissioner was accompanied by the SA Environment, Kunle Rotimi-Akodu, PS Drainage Services, Engr Mahmood Adegbite, PS, Environmental Services, Gaji Omobolaji Tajudeen,  Chairman of  Task Force on Special Offences, CSP Sola Jejeloye. The team which also included heads of Agencies inspected System 157 (Orchid Road), System 44 (Lekki to Ikota), Mayegun Area (Jakande), Regional Road Alignment, Dodan Barracks and Obalende and Ilubirin.

Wahab stated that the tour is to ensure that the coastal alignment of the affected areas is secured and illegal settlements along the corridors removed. He added that by next week the spots will be cleared with the Lagos State Building Control  Agency (LABCA) involved in the proper regeneration of the axis.

“The government has cleared  Ijora and Obalende underbridge, Obalende, Apongbon underbridge, and Agege Red rail line amongst others. I would like to say that most of the cleaned places were notorious for harbouring criminals and were threats to residents” he said.

He said the team would also visit Aboru, Command, Abule-Egba to inspect ongoing work in the areas, stressing that the enforcement drive is a state-wide exercise. The Commissioner said enforcement would commence this week on System 157 (Orchid Road) to open the 40 metres drainage adding that this became necessary as people have built on the canal path and narrowed the primary channel thereby causing flooding in the area.

He said the government convened several stakeholder meetings with property owners and the affected residents who were served contravention notices in the last quarter of 2023 adding that since then, they have not seen commitment from the affected community members.

The team also visited  Ilubirin to ascertain the level of the ongoing project to install an underground tank to deflood Lagos Island awarded 3 years ago, with a confirmation from the contractor that the project will be delivered in 90 days. Ilubirin is strategic because the government is set to regenerate Isale Eko and environs and to do that,  there is a need to get the outflow of water through the Ilubirin path” he said.

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