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Fuel Scarcity: Marketers Notify FG On Planned Price Hike, Queues Persist

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Oil marketers confirmed that they had escalated their call for an increase in the petrol pump price, to the Federal Government, as the current cost of the commodity was no longer sustainable.

Also, PMS transporters confirmed that they had resumed operations in full following last week’s rise in the freight rate being paid by the Federal Government for the transportation of petrol nationwide.

Amidst the call for a petrol price hike and the full resumption of operations by transporters, the motorist queues in Abuja and neighbouring states grew longer.

The Deputy National President, Independent Petroleum Marketers Association of Nigeria, Zarma Mustapha, told our correspondent that the Federal Government had been put on notice concerning marketers’ intentions to increase petrol price.

“The current pump price is no longer sustainable and we have made this know to the government. However, we must acknowledge the efforts of the Nigerian National Petroleum Company Limited in ensuring product availability,” he stated.

Also, the National President, Natural Oil and Gas Suppliers Association, Bennett Korie, said Nigerians would have to adjust to the current reality, as it was no more feasible to dispense petrol at the approved rate of N165/litre in filling stations after purchasing the product for about N170/litre in some private depots.

“So everybody is suffering and the only way out is for Nigerians to take or accept a little increase in petrol price. This will also ensure that the foreign exchange spent on petrol subsidy is reduced for us to have forex for diesel imports too.

“If not our construction companies, industries, hotels, etc, will all come to a standstill because they will not be able to buy diesel. You use diesel to get fuel to fillings stations, you use it to run the generators of various businesses in Nigeria because there is no light across the country. So this is the only way out.”

Asked whether marketers had informed the government about these concerns, Korie replied, “Of course, we’ve reached out to them about this. And the response is still the same problem that we are facing – petrol.

“You can’t buy petrol at a high price and sell this low. Crude oil is about $130/barrel, the cost of fuel, if you hear it, you will run away; but you are selling at N165/litre. So definitely you don’t expect money to remain for government to run other activities when it spends heavily on subsidy.”

Efforts to get the official position of the Federal Government did not yield the desired result, as the Nigerian Midstream and Downstream Petroleum Regulatory authorities, the regulator, stayed mute when contacted.

NMDPRA’s spokesperson, Kimchi Apollo, did not answer several calls to his mobile phone and stayed mum when he was sent messages on the matter.

This came as the Nigerian Association of Road Transport Owners confirmed that its members had resumed operations fully with respect to the transportation of petrol, following the increase in freight rate by the government.

The National President, NARTO, Yusuf Othman, told our correspondent that the association was optimistic that the petrol queues caused by the earlier suspension of operations by some members, particularly in Abuja, would clear fast.

Last week, the President, Major General Muhammadu Buhari (retd.), approved an increase in the freight rate being paid to transporters of petroleum products in a bid to clear the persistent fuel queues by motorists in parts of the country.

Oil marketers had repeatedly complained that the lingering fuel queues in Abuja and neighbouring Nasarawa and Niger states, among others, were due to the inability of petroleum product transporters to purchase the diesel required to run their trucks.

This, they said, was due to the hike in the pump price of diesel, which was currently dispensed at about N850/litre.

To address this concern, the NMDPRA announced last week that Buhari had considered the issue and had approved an upward review of the freight rate.

Reacting to the development, Othman said, “This is good for the sector because in the last few months, due to the high cost of diesel we have more or less been operating at a loss.

“But with the increase of the freight rate, most transporters who have hitherto parked their trucks due to no gain in the business, have now come out and continue their business.

“At the same time, there will be some new investments, those who are in the system and are willing to put more money will now put more trucks into the business. So this will gradually reduce all the queues that you are seeing.”

When asked specifically whether transporters who parked their trucks had resumed operations, Othman replied, “Yes, of course, with this development those transporters are now back on stream.

“This is because there is now a guaranteed increase in the freight rate.”

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Emefiele Ran CBN Like Cabal’s ATM, Canteen — Shehu Sani

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Senator Shehu Sani, a former federal lawmaker, has urged the Federal Government to conduct an independent probe of the Central Bank of Nigeria (CBN) and its suspended governor, Godwin Emefiele.

Sani, a member of the 8th Senate, in a statement on Twitter on Saturday, while reacting to Emefiele’s suspension by President Bola Tinubu, said the embattled ex-CBN governor ran the apex bank as an “Automated Teller Machine of the Cabal, a canteen and cash cow.”

President, Asiwaju Bola Ahmed Tinubu, had on Friday, in a statement by the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey, directed the embattled governor of the apex bank to vacate and hand over to the Deputy Governor (Operations Directorate), Folashodun Adebisi Shonubi, with immediate effect, pending the conclusion of an investigation and the reforms of the financial sector of the country.

In his reaction, the lawmaker commended Tinubu for Emefiele’s suspension and Shonubi’s appointment.

He urged the President to ensure external auditors are contracted to probe the apex bank and Emefiele for transparency and accountability purposes.

The statement read, “The eviction of Emefiele is commendable. The appointment of Shonubi as acting governor is commendable. But the house cleaning of the CBN can only be done by engaging a team of auditors from outside of the CBN.

“Only they can professionally and thoroughly probe the apex bank and tell the country how the bank was run under Buhari’s Emefiele.

“The CBN was operated as an ATM of the Cabal, a canteen, and cash cow of the parasitic elites of the past administration”.

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Kwankwaso Replies Ganduje’s Slap Threat, Says You Can’t Look Me In The Face

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Senator Rabiu Kwankwaso, former Kano State Governor and Leader of the New Nigeria People’s Party (NNPP), has dismissed assault threats made by Ex-governor Abdullahi Umar Ganduje.

Shortly after Ganduje visited President Bola Tinubu at the Aso Rock Villa on Friday evening, the ex-governor while addressing State House correspondents stated that he would have slapped Kwankwaso had they met at Aso Rock, Abuja.

Ganduje’s statement is coming following the recent demolition of several buildings in Kano State by the Abba Yusuf-led administration, a move he accused his predecessor, Kwankwaso, of masterminding.

Addressing the assault threat, Kwankwaso said Ganduje would never dare make such an attempt, adding that the former governor is his ‘boy’ politically.

Speaking to BBC Hausa, Kwankwaso said;

“I heard that he [Ganduje] said he would’ve slapped me, but I’m here. He was just confused. These are all my boys politically. They can’t even look at me straight in the face if we meet.”

Kwankwaso also disclosed plans to work with President Bola Tinubu, adding that Tinubu already offered him an appointment but they were yet to reach a definitive conclusion.

“We have discussed collaboration, however, a definitive decision is pending. After the inauguration of the National Assembly, we will determine the best course of action,” he said.

Kwankwaso also stressed he does not plan on defecting from the NNPP.

Addressing the demolition in Kano, Kwankwaso said the president was briefed and a mutual understanding was reached.

“Tinubu initiated the conversation, after which I provided a comprehensive explanation, to which Tinubu expressed surprise upon discovering that the information relayed to him was false,” he said.

“During our discussion, he (Tinubu) seemed astonished and was speechless at the information conveyed to him.

“We unequivocally prohibit any governor, irrespective of who they are, including Ganduje or Abba, from constructing on sites designated for mosques, schools, or other similar purposes. We will inform them that it is unacceptable,” Kwankwaso said.

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Nigeria’s Stability More Important Than Our Pockets — Shettima Tells Senators-Elect

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Nigeria’s Vice-President, Kashim Shettima, has charged senators-elect to “vote wisely” when the upper legislative chamber is inaugurated next week.

The senate will elect its presiding officers for the 10th assembly on Tuesday.

Speaking during the ninth senate’s valedictory session on Saturday, Shettima told the lawmakers that the stability of the country is greater than that of their pockets.

There have been allegations that some senate president hopefuls are using money to woo senators-elect to vote for them.

Although the All Progressives Congress (APC) has nominated Godswill Akpabio, a former minister of Niger Delta affairs, for the position of senate president, Abdulaziz Yari, a former governor of Zamfara, and Orji Uzor Kalu, chief whip, have insisted on vying for the position.

The vice-president said the country’s interest should inform who they elect as senate president and deputy.

“To my incoming colleagues, I will leave you with a parable, ‘the stability of this nation is superior to the stability of our pockets’. On Tuesday, let us vote wisely, let us vote for the Nigerian nation,” he said.

The number two citizen described his colleagues as “friends who have become an integral part of my history”.

“We have served shoulder to shoulder in the face of adversity and worked relentlessly for the betterment of our nation,” he said.

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