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Petrol Imports Dropped By 3.58bn Litres In One Year — NBS

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Importation of Premium Motor Spirit (PMS) also known as petrol dropped by 3.5 billion litres in the last year, data gathered from the National Bureau of Statistics (NBS) has shown.

In the latest petroleum products distribution statistics released by the agency on Tuesday, total petrol imports reduced to 20.30 billion litres in 2023 from the 23.54 billion litres recorded in 2022, showing a decrease of 13.77 percent year-on-year.

NBS also noted that petrol imports dropped by 3.58 billion litres in the second half of 2023 compared to the year’s first half.

It said the country imported 8.36 billion litres of Premium Motor Spirit (petrol) in H2 (first half) of 2023, a significant decrease from the 11.94 billion litres imported in H1 2023, marking a 29.99 per cent reduction.

It said, “In 2023, PMS truck out stood at 20.22 billion litres, indicating a 16.96 per cent decrease relative to 24.35 billion litres recorded in 2022.

“In terms of imported products, 20.30 billion litres of Premium Motor Spirit were imported in 2023 relative to 23.54 billion litres in 2022, showing a decrease of 13.77 per cent. This downward trend is even more notable when compared to H2 2022.

“In the latter half of 2022, petrol imports stood at 11.98 billion litres, resulting in a 30.22 per cent drop when compared to H2 2023, equivalent to a reduction of 3.62 billion litres.”

A breakdown for the monthly volume of fuel imports in 2023 showed that 2.09 billion was brought in January, reduced to 1.99 billion in February, increased to 2.29 billion in March, 1.91 billion in April, and 2.01 billion in May.

It was 1.64 billion in June, 1.45 billion in July, 1.09 billion in August, 1.21 billion in September, 1.16 billion in October, 1.55 billion in November and 1.88 billion in December.

These figures highlight a drop in consumption across the country.

Similarly, the bureau stated that the volume of Automotive Gas Oil, also known as diesel imported into Nigeria, rose to 4.94 billion litres in 2023 from four billion litres in 2022.

The statistics also showed that 109.39 million litres of AGO was locally produced in 2023, representing a 6.76 per cent rise from 102.47 million litres produced in 2022.

“About 69.71 million litres of Household Kerosene were locally produced in 2023 compared to 44.68 million litres in 2022, indicating a growth rate of 56.02 per cent over the period.

“For Automotive Gas Oil, 109.39 million litres were locally produced in 2023, when compared to 102.47 million litres reported in 2022. This represents a 6.76 per cent growth rate.

“Also, 4.94 billion litres of Automotive Gas Oil were imported in 2023, indicating an increase of 23.66 per cent compared to four billion litres in the previous year,” It added.

BIG STORY

Support Ifeanyi Ubah’s Widow To Succeed Him As Senator — Ndume To Senate

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Ali Ndume, senator representing Borno South, has urged the upper legislative chamber to support Uchenna, the wife of the late lawmaker Ifeanyi Ubah, to succeed him.

Ndume made the call during a valedictory session held on Tuesday in the Senate to honor the late Anambra South senator, who passed away in July at the age of 52.

He told his colleagues that Ubah’s wife should take over his seat in the Senate to preserve his “legacy and aspirations.”

“This has happened before. When Chuba Okadigbo, a great politician, passed away, his wife, Margery, joined the Senate and carried on his legacy,” he said.

“Similarly, our first lady, Oluremi Tinubu, served in this chamber, largely supported by the goodwill of Lagosians and the legacy of her husband, who was a former governor. In fact, she told me that her dream was to be a pastor.”

Ndume also mentioned that Abdulaziz Yar’Adua carried on the political legacy of the late President Umaru Musa Yar’Adua by joining the Senate.

“Senator (Iyabo) Obasanjo, if you remember, is the daughter of General Obasanjo. Sitting in front of me is Dafinone; his father was a great senator.”

“What I want to appeal to you, Mr. President, is that we keep the spirit and aspirations of Ifeanyi alive.”

“His wife, fortunately, is around 50 years old and has been a wonderful support system to him.”

“Finally, Mr. President, my appeal to you and distinguished colleagues is that we support his wife, who is around 50 years or so—a wonderful wife.”

“Let us support the family to have a representative in the chamber who embodies the spirit of Ifeanyi when the election for the Anambra South senatorial district comes up. This will ensure continuity and honor for the Anambra South senatorial district.”

Senate membership is neither automatic nor transferable from one individual to another.

According to Section 65 of the 1999 Constitution, a person can only become a member of the Senate through election.

The individual must be qualified for election by having been educated up to at least the school certificate level or its equivalent, being a member of a political party, and being sponsored by that party.

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BIG STORY

Seven NSCDC Officers Missing After Boko Haram Attack In Kaduna

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The Nigeria Security and Civil Defence Corps (NSCDC) has reported that suspected Boko Haram terrorists ambushed its monitoring team in Kaduna, leaving seven officers missing.

In a statement on Tuesday, Afolabi Babawale, the NSCDC spokesperson, explained that the incident occurred on Monday in the Farin-Kasa area of Chikun LGA, Kaduna, while the monitoring team was inspecting the national grid installation in Shiroro, Niger State.

Babawale stated that the team, consisting of nine officers and 71 other ranks, was mobilized in response to recent attacks on power lines that had caused a blackout in northern Nigeria.

“As they patrolled vulnerable areas, they encountered stranded expatriates near Dagwachi village and allowed them to join the convoy for safety,” the statement reads.

“Unbeknownst to the team, over 200 armed Boko Haram militants had laid a deadly ambush from a hilltop, ready to unleash a torrent of gunfire on the unsuspecting convoy.

“Determined and resourceful, the NSCDC operatives fought back valiantly, managing to neutralise over 50 insurgents during the exchange.

“However, the chaos left seven officers unaccounted for, prompting an urgent search in the bush for their whereabouts. Those who sustained injuries are currently receiving medical treatment.”

Ahmed Audi, the NSCDC commandant-general, condemned the attack, calling it a cowardly act against personnel dedicated to the nation’s defence.

He praised the bravery and determination of the operatives, reiterating the corps’ commitment to safeguarding critical national assets and infrastructure despite the growing security threats.

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BIG STORY

Obi’s Consumption-To-Production Mantra Not Backed By Any Policy Document — Doyin Okupe

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Doyin Okupe has stated that Peter Obi, the presidential candidate of the Labour Party (LP) in the 2023 elections, did not present any policy document to support his “consumption-to-production” mantra during the campaign.

Okupe, who was a former director-general of the LP presidential campaign, made these comments on Tuesday while evaluating President Bola Tinubu’s administration.

He argued that Tinubu has a more comprehensive policy document than his rivals in the 2023 elections.

Okupe also claimed that Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP), based his plans on theoretical loan arrangements.

He said that Tinubu has “meticulously” implemented the “renewed hope agenda” and has worked to pay off crippling debts in order to stabilize the economy.

“Tinubu has a better policy document than any of his two rivals during the 2023 presidential election,” NAN quoted Okupe as saying.

“Atiku Abubakar of the Peoples Democratic Party (PDP) is an experienced, knowledgeable, and thoroughbred politician.

“I know for a fact that he also came with a testament that would have been binding on him and Nigerians.

“But when you put the testament side-by-side the current reality on the ground, it is not applicable.”

Okupe added that the administration of former President Muhammad Buhari faced a dire financial situation, with international institutions refusing to lend loans to Nigeria.

“So, the premise Atiku placed his testament on was sinking, and it can’t work,” he said.

“As for Peter Obi of the Labour Party, he did not give any document to Nigerians that he was going to work on.

“In the Labour Party, we didn’t have a document that we could adopt as a policy document for what was going on.

“All we were saying was that we wanted to take Nigeria from consumption to production; good rhetoric, but it was not grounded either in policy development or principle application.”

Okupe also noted that Tinubu took action on foreign exchange issues, stopping individuals from exploiting earnings through the Central Bank of Nigeria (CBN) connections.

“Two months after getting into government, he put up a committee to look into tax reform, which was in his agenda,” he said.

“This man (Tinubu) has a systematic, reliable, focused, and applicable agenda that can take Nigeria to enviable heights.

“Though I never supported Tinubu ahead of the election; he is not my friend, and we were not in the same party, in retrospect, however, his reform agenda is the most credible.

“The renewed hope agenda he (Tinubu) brought is one that can address, and is addressing, the country’s current challenges.”

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