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Oil Marketers Eye Direct Deal With Dangote As NNPC Buys N766/Litre

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged for direct access to Premium Motor Spirit (petrol) from the Dangote refinery, criticizing the Nigerian National Petroleum Corporation’s (NNPCL) dominance in the market.

IPMAN’s National Publicity Secretary, Chinedu Ukadike, advocated for an open market, aligning with the willing-buyer and willing-seller principle previously pledged by NNPCL.

Initially, NNPCL stated it wouldn’t be the sole off-taker of Dangote refinery products, allowing sales to any marketer. However, the Federal Government later declared NNPCL as the sole buyer.

On Friday, Finance Minister Wale Edun (represented by Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service) clarified that interested marketers must purchase petrol through NNPCL’s trading company.

The Dangote refinery will begin distributing 25 million liters of petrol daily to marketers starting Sunday.

He said, “I am glad to announce that all agreements have been put in place, and the loading of the first batch of PMS, as already announced by NNPC, will commence on Sunday, September 15, 2024. And from October 1, NNPC will commence the supply of crude oil to the Dangote refinery to be paid in naira.

“In return, Dangote refinery will supply PMS and diesel of equivalent value to the domestic market to be paid in naira. But for now, PMS will only be sold to NNPC. NNPC will then sell to various marketers.”

Reacting, Ukadike said the market should be liberalised.

“It should be open for all in line with the willing-buyer and willing-seller comments made by the NNPC. We are also looking at how to build our logistics and come up with our price,” he stated.

Also, the National President of the Petroleum Products Retail Outlets Association of Nigeria, Billy Gillis-Harry, raised concerns over the risks of creating a new domestic monopoly in the oil and gas sector.

Gillis-Harry said, “Right now, even on Saturday, that business (petrol) is going to start rolling out tomorrow (Sunday), we don’t know what the price might be. Nobody has informed us about anything; we are not aware of what the government is doing.

“We don’t know any of the pricing templates yet or the matrix that will bring about the pricing template. We have been asking Dangote or anybody that is in charge of this transaction to be transparent, but somehow, we have not got any of that information.

“We are about to leave NNPC monopoly from importation and now we are also going to have that in a domestic environment, that portends danger for the industry.”

  • 300 NNPC Trucks Load Fuel Today

The NNPC on Saturday said it had mobilised 300 trucks to lift PMS from the Dangote refinery today.

The spokesperson for the corporation, Olufemi Soneye, told one of our correspondents that the mobilisation of trucks to the refinery was based on the agreement reached by both parties as regards the lifting of petrol from the $20bn Lekki-based facility.

In a post on his official X handle that showed some trucks lining up at the refinery, Soneye said, “NNPC Ltd trucks are arriving at the Dangote refinery in preparation for the scheduled petrol loading on Sunday, September 15, 2024. By the end of today (Saturday), at least 300 trucks will be stationed at the refinery’s fuel loading gantry.”

Reacting to this, Soneye said, “Yes, trucks have indeed been mobilised there. Nobody has picked up anything yet. NNPC was given a September 15 date; it is lining up trucks there so that if they open the gates for it to move in and load, then it will load.”

Oil marketers confirmed that the NNPC had started moving trucks to the plant to load products, adding that the national oil company would also load PMS using its vessels.

They also noted that the price of Dangote petrol had not been made public yet, stating that independent marketers would only buy the commodity from the NNPC for now.

The National Operations Controller of IPMAN, Mustapha Zarma, said, “Independent marketers have not been given any offer by Dangote to ascertain the actual off-take price.

“So, for now independent marketers will be taking the product from NNPC, but hopefully in the next few weeks, we may start getting it directly from Dangote.”

Zarma noted that the NNPC would offtake the product from the Dangote refinery using tankers and ships that would move the PMS to coastal depots in Warri and Port Harcourt.

  • Dangote Petrol At N766/Litre

It was gathered that the Dangote refinery would sell its petrol at N766 to the NNPC.

Multiple sources from the Federal Ministry of Petroleum Resources, NNPC, and major energy marketers confirmed that the deal to supply crude to the Dangote refinery in naira was a key factor that led to the PMS price.

“What we are going to see based on the deal between NNPC and Dangote is similar to the DSDP (Direct Sale of crude oil and Direct Purchase of petroleum products) transactions that used to exist between NNPC and foreign refineries in the past.

“And this has really impacted positively on the price of petrol that Dangote is selling to NNPC, because the cost is around N766/litre. But I can’t tell how much NNPC is going to sell to marketers now,” a major marketer under anonymity said.

Another senior aide to President Bola Tinubu, who spoke on condition of anonymity, confirmed that the petrol would be sold at 766/litre.

  • Pump Price May Reduce – IPMAN Official

Reacting to the Dangote fuel price, a senior IPMAN official said if marketers could get the product at N766, they would need to add the cost of transportation, levies, and other margins.

He said, “Give and take, we can sell at N790 in Lagos. In the far north, it may be N820 per litre because of the distance.”

Gillis-Harry, however, said his group was not aware of the price of fuel from the Dangote refinery.

“Well, it will be acceptable because now we are paying NNPC N870 for a litre, so if we see it at N766, it is cheaper and we will prefer to buy that.

“I cannot determine how much we will sell to Nigerians; we will work out the retail price. It is not one individual or one organisation’s prerogative to put a price, we will work it out and we will argue out our point.

“We are ready to support Dangote, but they are not talking to us. We are the people they need; I have over 6,000 retail outlets under my management, but Dangote is not talking to us”, he added.

 

Credit: The Punch

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Criminals On INTERPOL Red List Arrested In Nigeria — Interior Minister Tunji-Ojo

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The Minister of Interior, Olubunmi Tunji-Ojo, announced that criminals on the red list of the International Police (INTERPOL) were arrested at Nigerian airports.

Tunji-Ojo also disclosed that individuals declared wanted by various European countries were apprehended within two days of attempting to enter Nigeria.

He attributed these arrests to substantial investments in surveillance and intelligence-gathering equipment at the nation’s border points. This highlights a strategic improvement in national security.

He made these statements on Tuesday at a regional workshop on Maritime Border Security. The workshop, titled “Regional Maritime Border Security in the Context of Counter Terrorism in the Gulf of Guinea,” took place in Lagos State.

The minister specified that the arrested criminals originated from Italy, the Republic of Ireland, and several other countries.

“I can tell you that to a large extent, we have built a robust database, and we are reaping the fruits of that. Now, it will interest you that a couple of weeks ago, within two days, a lot of people on the Interpol and red list were arrested at our airports. It means that these people would have come in.” This quote emphasizes the effectiveness of the new database.

“One came from Italy, one came from Ireland, the other one, I think, from a couple of countries. These people would have come into Nigeria 18 years ago, but now we know that in terms of our air terminals, they are in sync because it’s integrated into the central system,” he stated. This illustrates the long-standing vulnerability that has now been addressed by the integrated system.

The minister also revealed that for the first time, Nigeria possesses Advanced Passenger Information (API), which is used to profile passengers entering the country. This signifies a major leap in border control capabilities.

Tunji-Ojo asserted that the API is utilized to cross-reference passengers’ records, background, and travel history.

“Now, we can tell you that Nigeria now has an API solution. We never had that before now. Before now, we were one of the few countries without an API solution, without the opportunity for our immigration officers to pre-profile people coming into Nigeria, not being able to query their background, query their record system, query their antecedents and their travel history.” This emphasizes the transformative impact of the new API system.

“We never had that capacity before President Bola Tinubu came on board, but today, I tell you, NIS has that, so if you’re coming into Nigeria today, before you come, we know everything about you.” This credits the current administration for implementing this crucial technology.

“We’ve queried you, we know where you’re coming from, and we can tell from their aspect, we’re now fulfilling our international obligations to our international colleagues by being able to uphold the tenets of UN resolution of the API solution that we have at the moment,” he stated. This highlights Nigeria’s adherence to international standards and its improved collaboration with other nations.

Earlier in the event, Kemi Nandap, the Comptroller General of the Nigeria Immigration Service, delivered remarks. She stated that the Service plays a crucial role in maritime border security by ensuring that “foreign terrorist fighters and other criminal elements do not exploit the nation’s territorial integrity.”

According to the Immigration boss, maritime insecurity stemming from illegal oil bunkering, fishing, piracy, armed robbery, and oil-related crimes poses a threat to “vessel and crew safety.” This outlines the various maritime security challenges Nigeria faces.

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NIHOTOUR Reforms Gain Momentum As NOA Pledges Full Support [PHOTOS]

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The National Orientation Agency (NOA) has thrown its weight behind the ongoing repositioning of the National Institute for Hospitality and Tourism (NIHOTOUR), lauding the agency’s strategic move to regulate and standardise Nigeria’s hospitality, tourism, and travel industry.

During a courtesy visit by Aare (Dr.) Abisoye Fagade, Director General and CEO of NIHOTOUR, the NOA Director General, Mallam Lanre Issa-Onilu, described tourism as a vital tool for shaping Nigeria’s global image. He commended NIHOTOUR’s reform efforts and proposed a joint inter-agency project team to drive value-based education and sector professionalism.

“Tourism should reflect our national identity and values. NIHOTOUR’s efforts to introduce structure, certification, and professionalism are a welcome development,” Issa-Onilu said.

In a key policy proposal, the NOA DG called for the inclusion of Citizenship Studies in hospitality training programmes to promote patriotism and service ethics among sector personnel.

Aare Fagade, in his remarks, reaffirmed NIHOTOUR’s transformation from a training-focused institution to a regulatory body responsible for professional standards and certification. He emphasised that the Institute remains committed to quality assurance, stakeholder collaboration, and building a globally competitive workforce.

“We are building an ecosystem where integrity, competence, and national pride define hospitality and tourism practice in Nigeria,” Aare Fagade stated.

The collaboration between NIHOTOUR and NOA signals a new era of institutional synergy aimed at aligning tourism development with national values and international best practices.

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UPDATE: Two Oyo Lawmakers Protest As Assembly Backtracks On Traditional Council Bill

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Two lawmakers walked out on Tuesday during a session where the Oyo State House of Assembly received the amended report of its committee. The report was related to a review of the Council of Obas and Chiefs.

Due to significant public criticism regarding the proposed amendment, the Assembly decided to revert to a rotational chairmanship among the Alaafin of Oyo, the Olubadan of Ibadanland, and the Soun of Ogbomoso.

The bill was officially passed during the plenary session. This followed the presentation of the report by the House Committee on Local Government and Chieftaincy Matters and State Honours, delivered by its Vice Chairman, Bamidele Adeola.

The Assembly formally resolved that “the chairmanship position should be rotated among the Alaafin of Oyo, the Olubadan of Ibadanland and the Soun of Ogbomosoland.” This decision clarifies the new structure of the council’s leadership.

The bill, which had its second reading last Thursday on the floor of the House, sparked “heated arguments” among traditional rulers and stakeholders across the state.

Initially, the bill proposed making the Alaafin the permanent chairman. The Olubadan and Soun were to serve as concurrent chairmen, in that order of ranking, during the Alaafin’s absence.

However, the Olubadan and Soun “insisted on maintaining rotational chairmanship” with the Alaafin. They urged the Assembly to reverse its earlier decision, highlighting their strong preference for shared leadership.

It was gathered that the committee, in its report, proposed that the permanent chairmanship clause in the bill should be replaced with a rotational chairmanship among the Alaafin, the Olubadan and the Soun on a two-year term.

The bill also struck out the permanent presiding officer role initially vested in the Alaafin.

The committee also recommended that the 10 beaded crown-wearing Ibadan obas, ⁠Samu and Agbakin be included as members of the Council of Obas and Chiefs.

Some traditional rulers in the state, however, criticised the Assembly for expanding the council to include the 10 Ibadan obas.

While some stakeholders from Ibadanland and Ogbomosoland vilified the bill, others saw it as a welcome development.

Kicking against the rotational clause, the lawmakers representing Oyo East and Atiba constituencies, Olorunpoto Rahman and Gbenga Oyekola, respectively, walked out while the House was deliberating on the recommendation of the committee.

In a sideline interview with newsmen, Rahman said, “We should be guided by the truth in whatever law we make. Everyone knows the position of the Alaafin. We are not out of touch with history.

“Alaafin is a paramount ruler. We should not make a law for political convenience. We should make a law that can stand the test of time. We should make a law that will align with history.

“We are not satisfied with the process by the committee. There was neither a public hearing nor stakeholder engagement. There is no instance where they invited anyone from Oyo to speak on this bill. I have serious issues with that.”

The Palace of the Olugbon of Orile-Igbon also viewed the Council of Obas and Chiefs (further amendment) Bill 2025 as a faulty political document whose consideration should be halted to give room for consultations.

The palace, in a statement by the Media Consultant to Olugbon of Orile-Igbon, Bisi Oladele, described the bill as faulty, decrying inadequate consultation by the Assembly.

“For such an important bill that seeks to revive and do justice to the council of obas and chiefs, the key stakeholders are the traditional rulers, who should have been adequately consulted before it was packaged. Besides, there should be a public hearing on the proposal.

“The actions on the bill so far clearly ignored the relevance of traditional rulers in Oyo State. It is openly based on political patronage,” the statement stated.

It lamented that the amendment further cemented Ibadans’ dominance over indigenes from other parts of the state.

“Should the bill be passed, indigenes of Oyo, Ogbomoso, Oke-Ogun and Ibarapa zones will again become second-class indigenes in their own state, just as Ibadan indigenes have been dominating other parts of the state politically.

“The city has produced governors since 1999, except for the late Adebayo Alao-Akala.

“While there is a need for the council to be revived and strengthened, it should not be skewed in favour of a particular zone to further dominate other zones.

“It should reflect fairness, justice, equity, and possess the capacity to promote peace among traditional rulers in the state,” it added.

The Olugbon, Oba Francis Alao, urged the lawmakers and other stakeholders to suspend work on the bill and consult widely to avoid passing a bill that would breed crisis among monarchs in the state.

He also debunked the claim of historical significance of Ogbomoso by the mogajis of the town in their opposition to the bill.

Oba Alao noted that should history alone be the factor of decision-making concerning the constitution of the council’s leadership, the Olugbon of Orile-Igbon would be ahead of the Soun of Ogbomoso.

“We should not forget that the current palace of the Soun of Ogbomoso sits on the land that falls within Olugbon’s kingdom.

“Orile-Igbon borders with Ijeru, which is also more ancient than Ogbomoso.

“But demography has kept Ogbomoso in a better standing than other towns and communities in the zone.

“This is the reality all traditional rulers in the Ogbomoso zone accepted, and this accounts for why more ancient towns in the zone do not contend with the status accorded Soun in the Obas Council. We understand it as good for administrative and political convenience,” he added.

Oba Alao said Alaafin ran a huge kingdom with many other kingdoms under it, and believed Alaafin deserved the permanent chairmanship.

“Where is Soun’s kingdom? Where is Olubadan’s kingdom? Alaafin ran a huge kingdom with many other kingdoms under it.

“But we are putting the past behind us because the world is dynamic. Yet the honour must be there for the thrones that deserve it,” he added.

A group, the Ebedi Frontliners, Iseyin, has called on the Oyo State Government to make the Aseyin of Iseyin a co-chairman in the bill.

This was contained in a statement released by its Public Relations Officer, Segun Fasasi, in Ibadan, on Tuesday.

Ebedi Frontliners, in a statement, said, “Alaafin is representing the interests of four local government areas in Oyo town, Soun of Ogbomoso represents the interests of five local government areas while Olubadan represents the interests of 11 local government areas, leaving Oke-Ogun area with 10 local government areas with no co-chairmanship candidate.”

The group, however, lauded Governor Seyi Makinde’s administration for what it called “the democratisation of the state’s chieftaincy laws,” saying the legislative exercise would give more roles to the traditional rulers.

 

Credit: The Punch

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