Connect with us


BIG STORY

Petrol Scarcity: NNPCL Bars Independent Marketers Amid Surging Prices

Published

on

The Nigerian National Petroleum Corporation (NNPC) has reportedly suspended sales of Premium Motor Spirit (petrol) to independent marketers after hiking the product’s price on Tuesday.

This development comes as three vessels berthed at the Apapa, Lagos jetty on Wednesday to discharge imported petrol.

The price increase sparked protests in Delta State, with commercial tricycle operators (‘keke’ riders) demonstrating in Warri and Effurun metropolis against the hike.

Commuters nationwide faced challenges, either stranded or trekking long distances on Wednesday, as fuel queues worsened amid petrol scarcity.

Many commercial motorists stayed off the roads, with few venturing out and lamenting the “agonising hike in fuel,” barely a month after widespread hardship protests.

According to The Punch, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, said that the NNPC stopped selling fuel to independent marketers on Tuesday when it raised the price of a litre of PMS to N855 and above across its retail outlets nationwide.

Independent marketers sold the product for as much as N1,200 and N1,300/litre in some states following the upward review of prices by the NNPC.

Fashola wondered why the national oil firm would suspend the sale of petrol to the marketers take without any official communication, even when the marketers had paid for the product over two months ago.

Asked if it was true that many of the independent marketers did not go to the depot to lift fuel, Fashola responded, “What are they going there to do? They have stopped our loading. All the tickets we have in the kitties of NNPC, they are not treating them; everything has been suspended.”

When our correspondent inquired to know if the suspension was done despite having paid for the product ordered, he replied, “Yes, our tickets were suspended for loading. They have not been attending to us since yesterday (Tuesday), and there is no official communication yet.

“It is a very bad situation for somebody who has paid for the product, maybe like two to three months ago, and all of a sudden, you stopped loading, maybe because you want to change the price. And it’s not the fault of that customer, because it is supposed to be cash-and-carry. So, I think the NNPC should look at that situation critically.”

It was learnt that NNPC usually prioritised major marketers while IPMAN members resorted to private depot owners, who sold at higher prices, leading to a wide gap between the prices offered by both categories of marketers.

“We’re usually forced to go to private depots, it’s not out of our own volition. We were forced to go there because of inadequate supply,” Fashola stressed.

Speaking on the Dangote refinery fuel, which is expected to hit the pumps soon, Fashola said marketers would monitor the situation till Friday.

“We are watching the development. We are monitoring it; we will wait, maybe by Friday we will know where we are going by the time the Federal Government makes a pronouncement as regards the price. There is no official communication yet.”

The IPMAN official added that each filling station sold at their convenient price because NNPC couldn’t fix prices for other operators in the sector.

He stated that the new price announced by the state-owned company is only binding on the NNPC retail outlets.

“You know, NNPC cannot fix the price for us. They fixed the price for their stations; they are now a limited company. They have their retail outlets. That new price is their internal arrangement. So, we are yet to have an ex-depot price or marketer’s price,” he explained.

While believing that the new arrangement will close the price disparity between major and independent marketers, Fashola reiterated that at N855 per litre, the NNPC was still paying subsidy on petrol.

“I believe the price disparity gap will be closed somehow now. That is our belief. The truth is that, with the N855 in Lagos, and the landing cost of petrol, there are still some elements of subsidy. If the NNPC claimed that they are selling at half the cost of the landing price at N568/litre, it means the landing cost should be around N1, 200/litre. If they are selling a litre of petrol at N855/litre, there are still some elements of subsidy,” he added.

He said the association was expecting the details of the arrangement between Dangote and the government on the supply of PMS, especially as Aliko Dangote announced that the NNPC would fix the price.

“For now, we don’t have the details; it’s only Dangote who made the announcement that NNPC would fix the price. So, it’s in two ways. Maybe NNPC wants to act as an off-taker for the Dangote refinery, and they will now start distributing on behalf of Dangote to the marketers. There are a lot of things involved in this Dangote naira-to-naira transaction. There must be something that’s a factor. Maybe that will bring the price to a reasonable level, I don’t know. It may not be called a subsidy, maybe an in-house arrangement.

“If Dangote is buying naira-to-naira, there must be some little difference in terms of cost. It might be so small, but I believe there must be a difference. They know what they are doing, we are waiting for them to come out and we will react,” Fashola noted.

NNPC spokesperson, Olufemi Soneye, did not reply to calls or messages from our correspondent on the matter.

The fuel crisis that has lingered for two months worsened on Wednesday following the price hike.

Several filling stations seized the opportunity to extort customers who were in dire need of the product for their vehicles, power generators and other machines.

Some of the stations in Lagos and along the Lagos-Ibadan Expressway sold petrol around N900 and N1,200/litre as the queues worsened across Nigeria’s commercial capital city.

Residents of Ogun border communities disclosed that they got PMS at N1,600/litre from black marketers, claiming petrol supply had been banned from the areas.

Though the NNPC denied ordering Tuesday price increase, all its retail stations have adjusted to the new price, leaving Nigerians not knowing who to believe.

Commuters were stranded as there were a few commercial buses on the road to convey passengers. The drivers conveyed only commuters who were ready to pay more for transport fares, blaming the rise in fares on the high cost of fuel.

  • Three Vessels Arrive

It was gathered that three vessels arrived the Apapa depot in Lagos on Wednesday to discharge petrol.

Multiple sources told our correspondent that loading improved on Wednesday compared to Tuesday, when the marketers stayed away.

“Loading is picking up slowly. It is far better than yesterday (Tuesday),” a source said.

Another depot operator, who spoke on condition of anonymity because he was not authorised to speak on the matter, said supply was ramped up by the NNPC, the sole importer of petrol.

“Supply is good today (Wednesday). Three PMS-laden vessels are in Apapa jetty now as we speak. Two of them are already discharging the product,” the depot official said.

It was gathered that the NNPC was making efforts to sell its old stocks before starting its transaction with Dangote refinery.

While unveiling its PMS on Tuesday, Dangote announced that the product would hit the market in 48 hours, adding, however, that this was subject to the readiness of the Federal Government and the NNPC.

Nigerians are eager to know whether or not the Dangote refinery could crash the price of PMS.

  • TUC Slams FG

Meanwhile, the Trade Union Congress of Nigeria on Wednesday expressed shock and dismay over Tuesday’s hike in the pump price of petrol, demanding its immediate reversal by the Federal Government.

TUC in a statement by its president, Festus Osifo, contended that the sudden hike in fuel and electricity costs will exacerbate the poverty level, worsen the suffering and hardships across the country and may trigger social unrest.

The statement read, “TUC received the news of PMS Price hike with great contestation and grave concern. The burden of PMS price increase is huge and percolates all facet of our social-economic life.

“This sudden hike, implemented without consultation with critical stakeholders, represents a blatant disregard for the welfare of the Nigerian people, particularly the working class who bear the brunt of such decisions.

“The disturbing news of the increase in PMS pump price all over the country has sent a wave of apprehension and depression across the length and breadth of the nation.

“This is in the wake of an already existing unprecedented hardship upon citizens.

“In addition, we are deeply troubled by the further hike in electricity tariffs to 250 percent a service that is essential for the survival of the poorest in our society. The timing and magnitude of these increases, in the absence of any meaningful social security measures, demonstrate a lack of empathy and understanding of the challenges faced by ordinary Nigerians.”

It added, “Why does it have to be the common Nigerians bearing all the pains of high cost of living while those in power enjoy increased allocation and affluence?

“The government has not made any concerted efforts to reduce the cost of governance or personal effects, nor have they focused on directing resources or effecting policies that would strengthen the naira and improve the standard of living of our citizens.

“The Congress has long posited several strategies that should be activated towards improving the strength of the Naira and give value to every kobo spent by Nigerians as this is one of the root causes of all the economic woes we face as a country today. Yet much hasn’t been done about these recommendations.”

Also, the Nigeria Labour Congress on Wednesday responded to the denial by the Senior Special Assistant to President Bola Tinubu on Print Media, Abdulaziz Abdulaziz, regarding an agreement on minimum wage and fuel price hike.

The union described Abdulaziz’s denial as “amusing” and questioned his credibility, suggesting he might be suffering from “selective amnesia” or “attention span deficit.”

The Presidency on Wednesday accused NLC president, Joe Ajaero, of playing dirty politics following his declaration that the Tinubu administration betrayed the NLC by increasing the price of fuel despite a mutual agreement.

Speaking in a statement signed by Benson Upah, Head, Public Relations, NLC, the union reaffirmed its statement, challenging Abdulaziz to reveal the truth about the presidential meetings with labour leaders. They also criticized his personal attack on Joe Ajaero, stating that Nigerians don’t need Ajaero to recognize the harsh realities of life under the current government.

“The union emphasised that Nigerians deserve a decent life, free from harassment and starvation, and warned that “falsehood does not live forever.” They remain resolute in their stance, despite the government’s attempts to discredit them.

“Whatever the matter is with Abdulaziz, we stand by our statement. And if Abdulaziz was at those meetings as he claimed, he should be courageous enough to let the world know whether the President gave the labour leaders one hour to meet and resolve to either accept and allow increase or accept N62,000.

“Labour leaders instead chose to meet outside the Villa and report in a week. When they came back, they were blunt and rejected the offer.

“As for Abdulaziz’s side-dig, he should stop insulting the intelligence of Nigerians as they do not need Comrade Joe Ajaero to know they have been taken for a ride and that life has never been this mean, all due to the policies of government.

“We also find it necessary to let Abdulaziz and those who sent him know that Nigerians are entitled to a decent, respectable life free from harassment, intimidation and starvation.

“Government may have all the ultimate weapons of coercion, true power resides with the people. Finally, we are also acutely conscious of the fact that falsehood does not live forever.”

  • Protest, Lamentations

Commercial tricycle operators in Warri and Effurun metropolis of Delta State, alongside aggrieved women and youths took to the streets on Wednesday in a peaceful protest over the persistent scarcity of fuel amidst the hike in price.

The market women and the cyclists, in their hundreds, marched through the major roads, calling on President Bola Tinubu to urgently intervene and reverse the fuel price hike.

The protesters carried placards and chanted slogans expressing their frustration and anger over the government’s decision to increase fuel price to almost N1100/litre, which they say has worsened their economic struggles.

Some of the placards had inscriptions such as ‘Tinubu, intervene now to alleviate commuters sufferings’, ‘Tinubu, activate Warri, Kaduna refineries without further delay’, and ‘We are suffering in silence, the fuel price hike is a killer.’

It was gathered that most of the filling stations along the Warri-Sapele road were shut to motorists on Wednesday morning while the few that were open for business sold petrol at above N1,000.

Consequently, the development had adverse effects on commuters within the metropolis as well as inter-state travellers as motorists adjusted their transport fares upwards.

  • Workers Ride Bicycles

Following the increase in pump price on Tuesday, more residents and workers, including civil servants in Borno State, have embraced trekking, tricycles and bicycles for mobility.

During the early hours of Wednesday in Maiduguri, the state capital, there were less vehicles and more pedestrians on major roads.

Some residents of Nasarawa State lamented the hike after it forced many of them to resort to trekking as they could not afford the luxury of boarding tricycles and buses.

The product, which used to be sold between N930 and N950/litre in most stations in Lafia and its environs, is now sold between N990 and N1,000/litre.

It was gathered that in Lafia on Wednesday, many workers and businessmen trekked short distances to their workplaces to avoid spending outside their budgets.

Tricycles, motorcycles and vehicles operators in the state capital had jacked up their prices for both short and long distances due to the rising cost of fuel.

Tricycle riders in Lafia had fixed N250 for a drop per passenger but with the increase in price, the transporters jacked up their prices to between N350 and N400.

In Ilorin, the Kwara State capital, residents stayed indoors following the increase in fuel price.

There was a dearth of vehicles on the streets of Ilorin as a result of the increase in the price of PMS.

Many vehicle owners, who were caught unaware, angrily abandoned their cars at home or parked by the roadside to make use of commercial motorcycles and tricycles to their respective destinations.

A litre of petrol was sold at N870/litre at NNPC stations while independent marketers sold at between N950 and N1,200/litre.

However, commercial vehicle operators in Ilorin complained of low turnout by passengers.

Similarly, one of the leaders of IPMAN in the state, Alhaji Kunle Sanni, tasked the Presidency to halt what he described as “their flamboyant lifestyles” while masses were being pushed deeper into poverty.

According to The Punch, the septuagenarian said that it was regrettable that the Presidency was travelling around the globe in needless multi-billion Naira private jets while its citizens lived in penury.

He said, “There has to be a social service that any government must provide for her people but the present government hasn’t done anything in this regard. Instead all of them, the Presidency and National Assembly members, are living flamboyant lifestyles while the masses are suffering more and more.

“The former price of N580/litre was on a very high side, we complained bitterly against it and expected that Dangote product would give us a relief but here we are with another increase and all manner of sabotage stories about Dangote refinery. What kind of a government is this?” “I haven’t sold PMS for over three months now because of the increase because I can’t stand people’s curses on me for what I don’t know anything about.”

The hikealso left hundreds of commuters stranded in Kaduna, with many filing stations closing shop or selling at exorbitant prices.

On Wednesday, residents were forced to trek long distances or opt for expensive alternative transportation.

Journalist Amos Mathew parked his car due to the hike, spending N400 on a tricycle ride instead of the usual N100.

 

Credit: The Punch

BIG STORY

Naijahottestgist Unveils Man Of The Year, Company Of The Year, Young Person Of The Year, And Public Servant Of The Year!

Published

on

In a year filled with trials and triumphs, these individuals and organizations have risen above challenges to embody resilience, innovation, and exceptional leadership. From the unbreakable spirit of the Man of the Year to the groundbreaking strides of Dangote Refinery, the transformative efforts of Stella Okotete, and the impactful reforms led by Olubunmi Tunji-Ojo, these stories inspire hope and progress for a brighter Nigeria.

1. Meet the Man of the Year

The Man of the Year is no ordinary person. He’s a Nigerian who has lived through the realities of 2024—one of the toughest years yet.

He is the man who has endured the hardship of a nation in flux. From waking up each day to face the high cost of fuel to navigating skyrocketing food prices, he’s felt the weight of every naira spent. Insecurity loomed over his daily life, yet he carried on with courage, protecting what mattered most.

Through it all, this man refused to break. His resilience, grit, and determination to keep moving forward in the face of overwhelming odds set him apart. He is not celebrated for wealth or fame but for his strength, perseverance, and the hope he carries in his heart for a better tomorrow.

The Man of the Year is a symbol of every Nigerian who has faced the same struggles, stood firm, and chosen to believe in a brighter future. His story is your story—one of survival, strength, and the unbreakable spirit of Naija.

Here’s to the Man of the Year. He is proof that no matter how hard the times, resilience will always shine through.

2. Young Person of the Year: Stella Erhuwuoghene Okotete

Stella Okotete, Executive Director of the Nigerian Export-Import Bank (NEXIM), stands out as a trailblazer promoting youth and women’s participation in business, governance, and politics. A visionary leader, she spearheads innovative initiatives at NEXIM, including the Women and Youth Export Development Facility, which provides low-interest loans, and the Nigerian Export-Import Bank Academy (NEXA), a certified digital platform for export-import education.

With degrees from Benson Idahosa University and NOUN, alongside certifications from global institutions such as Harvard, Oxford, and Columbia Business School, Okotete has held significant political roles, including secretary of the APC Election Planning and Monitoring Committee in 2023. Her contributions to public service include serving as Special Assistant on MDGs for Delta State, where she aligned policies with sustainable development goals and implemented impactful programs in education, healthcare, and poverty alleviation.

As co-founder of the E’Girls Foundation, she has championed girl-child rights and human capacity development since 2000. Her work has also led to groundbreaking efforts like outlawing female circumcision in Ughelli North and driving school enrollment through the “War Against Loitering and Hawking During School Hours” initiative.

Committed to empowering women in governance, she developed a strategy to train 20 million women for public office and conceptualized the Progressive Women Trust Fund, fostering financial support for female leaders. Okotete’s relentless dedication to service, innovation, and empowerment makes her a standout leader transforming Nigeria’s socio-economic landscape.

3. Nigerian company of the year

Dangote Refinery

The Dangote Refinery is a game-changer for Nigeria’s oil industry. Located in the Lekki Free Trade Zone, Lagos, it’s the largest single-train refinery in the world, with a capacity to process 650,000 barrels of crude oil per day.

This massive project, worth over $19 billion, is expected to meet 100% of Nigeria’s oil needs and even have a surplus for export. The refinery will produce various petroleum products, including diesel, kerosene, and gasoline.

Some impressive features of the Dangote Refinery include:

– *Pipeline Infrastructure*: The largest sub-sea pipeline infrastructure in the world, spanning 1,100 kilometers.

– *Power Generation*: A 435MW Power Plant that can meet the total power requirement of Ibadan DisCo.

– *Job Creation*: The refinery is expected to provide 135,000 permanent jobs in the region.

The refinery began production in January 2024, starting with diesel fuel and aviation fuel. With its advanced technology and massive capacity, the Dangote Refinery is set to revolutionize Nigeria’s oil industry and boost the country’s economy.

4. Nigerian public servant of the year

Olubunmi Tunji-Ojo, the Minister of Interior in Nigeria, has indeed been associated with efforts to bring about positive change and reform in the country.

Some of the key areas where Tunji-Ojo has been instrumental in driving reform include:

1. *Prison Reform*: Tunji-Ojo has been advocating for prison reform, aiming to improve the living conditions and rehabilitation programs for inmates.

2. *Immigration Reform*: He has been working to modernize Nigeria’s immigration system, making it more efficient and effective in managing the country’s borders.

3. *Disaster Management*: Tunji-Ojo has been instrumental in strengthening Nigeria’s disaster management capabilities, ensuring that the country is better prepared to respond to natural disasters and emergencies.

4. *Internal Security*: He has been working to enhance internal security in Nigeria, focusing on community policing and intelligence-driven law enforcement.

These efforts demonstrate Tunji-Ojo’s commitment to driving positive change and reform in Nigeria, particularly in the areas of justice, security, and humanitarian response.

Continue Reading

BIG STORY

Inside Delta: Police Arrest Man For Allegedly Stabbing Neighbour To Death Over Rice

Published

on

The Delta State Police Command confirmed the arrest of 30-year-old Daniel Onyejekwe for allegedly stabbing his neighbor, Christian, to death over a dispute about rice.

The incident occurred on New Year’s Day in the Ogwanja area of Sapele, Delta State.

The Police Public Relations Officer, Delta State Command, SP Bright Edafe, confirmed the development on Thursday, saying, “It is confirmed, and the suspect is in custody.

The two were fighting and injured themselves badly. Unfortunately, one, Christian, died.”

An eyewitness reported that the altercation started when rice was being shared along Boyo Road in Ogwanja.

An argument ensued between Onyejekwe and the deceased, leading to a physical fight.

The eyewitness stated, “Christian and Daniel started dragging the rice, and during the fight, Daniel picked a bottle and stabbed Christian multiple times. The vigilante rushed him to the hospital, but he was confirmed dead on arrival.”

The remains of the deceased have been deposited at a mortuary, while the police have launched an investigation. SP Edafe assured residents that the suspect would be prosecuted after the investigation was concluded.

Continue Reading

BIG STORY

Inside Imo: Catholic Priest Allegedly Shoots Boy Dead Over Knockouts During New Year Mass

Published

on

A Catholic Reverend Father has allegedly shot a boy dead after the latter set off knockouts within the church premises.

The incident, which happened during the New Year Mass held on January 1, 2025, in Amaimo, Ikeduru Local Government Area of Imo State, has attracted reactions from social media users.

However, the name and parish of the priest and the name of the deceased couldn’t be verified.

In a Facebook post shared via the handle, ‘For The Love Of Anambra,’ on Wednesday, it quoted eyewitness accounts, reporting that after the deceased set off the knockouts, “the priest, whose identity remains undisclosed, picked up a firearm and fatally shot him.”

“The incident has left the community in shock and mourning, with residents expressing outrage and demanding a thorough investigation to uncover the facts behind the unfortunate event.”

When contacted (by The Punch’s correspondent) on Thursday, the spokesperson for the Imo State Police Command, Henry Okoye, stated that the command is already aware of the incident.

Okoye added that an investigation has been launched into the incident.

“We have launched a detailed investigation to ascertain the remote facts surrounding the incident.

“Further development on the case will be communicated in due course, please,” the police spokesperson stated in a message.

Reacting to the incident, a Facebook user, Malachy Chukwunyereugo, wrote, “He will spend the rest of his life in prison.”

Another Facebook user, Lyn Chy, lamented, “The fact that a Reverend father owns a gun it’s somehow [sic].”

Another user, Peace Ijeoma, wrote, “It’s disheartening to see how religious bigots are defending the priest. May we try to be lovers of God and not lovers of the men of God this 2025. Rip to the boy.”

On X, a tweep identified as Bloc Chief, with the username #blochief, shared his amusement.

He tweeted, “I thought this happens in the USA? How can this happen in Imo? Mehn.”

Another tweep, identified as Rise above hat, but tweeting as #asababoi2man, wrote, “Maybe he has [been] abducted before by gunmen… so he felt the men are back.. only God knows what he was thinking.”

Continue Reading



 

Join Us On Facebook

Most Popular