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Subsidy Removal: We’ll Deploy Electric, CNG-Powered Buses For Mass Transportation — Shettima

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Nigeria’s Vice President, Kashim Shettima, says the federal government would fervently promote the widespread use of compressed natural gas (CNG) cars for public transit in every state.

Shettima spoke while in charge of the National Economic Council (NEC) meeting in Abuja on Thursday about the elimination of the petrol subsidy.

According to a statement by Olusola Abiola, director of communication, office of the vice-president, the action was a part of the resolutions made at the fourth NEC meeting.

The council’s decisions came after Chukwuma Soludo, the governor of the Anambra state, addressed on behalf of the NEC ad hoc committee and discussed how to mitigate the effects of the termination of petrol subsidies.

“We will also pursue vigorously, the mass deployment of CNG-powered vehicles and establishment of autogas conversion plants/kits in all states in the short-term,” Shettima was quoted as saying.

“We will also deploy electric buses and cars with charging infrastructure across the country.”

Although the vice-president did not state when these resolutions would be fully implemented, he noted that the council decided to support enhanced engagements between state governors and the leadership of the labour unions across the states.

Shettima said the committee also proposed the provision of cost-of-living allowances to civil servants in both the state and federal civil services.

“The council agreed to support the federal government’s efforts to scale up infrastructure, especially to give attention to fixing dilapidated highway roads across the country,” he said.

“Other highlights of the NEC meeting are as follows: outstanding balances at the end of June excess crude account, $473,754.57, stabilisation account N27,524,857,142.27, development of natural resources fund N98,421,834,602.86.

“Monthly statutory and exchange gain, non-oil revenues balance as at January to June 2023 is N104,978,145,865.86; solid mineral development fund (SMDF) balance as at January to June, 2023 is N835,511,263.00.”

On the state budget support facility as at June 30, he said that the Federation Account Allocation Committee (FAAC) outstanding liability was N1,718,705,566,436.25.

Shettima said the presentation on revenue outlook made by Muhammad Nami, chairman of the Federal Inland Revenue Service (FIRS), focused on major revenue reforms implemented between 2020 and 2023.

“Four key areas highlighted include; restructuring tax operations and administration, automation of tax administration, operational processes, creating a customer-focused service, and creating a data-centric institution,” the vice-president added.

On June 8, oil distributors under the aegis of the Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) pledged to donate 100 compressed natural gas (CNG) buses to help mitigate the effects of petrol subsidy removal.

The marketers, led by Winifred Akpani, the managing director (MD) and chief executive officer (CEO) of Northwest Petroleum and Gas Company Limited; made the commitment during a meeting with President Bola Ahmed Tinubu, a week after the announced the removal of petrol subsidy.

BIG STORY

JUST IN: 114 Released #EndBadGovernance Protesters Arrive Presidential Villa

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One hundred and fourteen #EndBadGovernance protesters, including minors and adults acquitted by the Federal High Court in Abuja, have arrived at the Presidential Villa.

The protesters, initially arraigned by the Police Force, were released following a court ruling by Justice Obiora Egwatu.

The case was dismissed at the request of the Attorney General of the Federation (“AGF”), Lateef Fagbemi.

Vice President Kashim Shettima, representing President Bola Ahmed Tinubu, is set to officially receive the released protesters.

They will then be handed over to their respective Governors, specifically Uba Sani of Kaduna and Abba Yusuf of Kano.

Ministers present at the State House Auditorium in Abuja for the reception include: Tunji Alausa (“Minister of Education”); Nentawe Yilwatda (“Minister of Humanitarian Affairs and Poverty Reduction”); Balarabe Lawal (“Minister of Environment”) and Tanko Sununu (“Minister of State for Humanitarian Affairs and Poverty Reduction”).

Also, Senior Special Assistant on Community Engagement for the Northwest, Abdullahi Yakasai, is in attendance.

Other dignitaries present are Deputy Senate President Jubrin Barau and Chairman, House of Representatives Committee on Appropriation, Abubakar Bichi.

 

More to come…

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BREAKING: Nigeria’s National Grid Collapses Again, 10th Time In 2024

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Nigeria’s national grid has collapsed again for the 10th time in 2024.

This was revealed by the National grid’s X handle.

This revelation was made after several Nigerians complained of a sudden disappearance of power supply in their houses.

 

More to come…

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Oil Marketers Counter Dangote Refinery On Substandard Products Claim, Say “It’s False”

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Oil marketers, under the umbrella of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), have rejected claims by the Dangote refinery suggesting that cheaper petrol sold by other marketers is substandard.

On November 3, the Dangote refinery stated that any oil marketer offering petrol below its price is likely importing inferior products.

The refinery emphasized that its prices are aligned with international benchmarks and the rates at which the Nigerian National Petroleum Company (NNPC) Limited sells to local marketers after deregulation.

In response, DAPPMAN’s executive secretary, Olufemi Adewole, issued a statement on Tuesday, asserting that none of the association’s members are involved in the importation of low-quality products into Nigeria.

“We have said this for the umpteenth time, and it bears repeating, those in the downstream sector business of petroleum products trade are patriotic Nigerians who will not shortchange Nigerian citizens for filthy lucre,” Adewole said.

“Our members are in this business to add value to the businesses of their fellow Nigerians and not to defraud them.

“Prices of products in the international market are dynamic as they are dictated by prevailing circumstances at every given situation. We calculate our landing costs based on the dynamics of market forces, and the templates are always in the public domain.

“To claim that if the landing cost of imported product happens to be lower than that of the refinery indicates importation of low quality product is not only preposterous, but also fallacious. In any case, the management of the refinery has, until now, kept its cost and prices close to its chest and put it away from public scrutiny.”

Adewole said the refinery’s comment is targeted at projecting DAPPMAN’s members negatively before the public.

He also said such claims cannot help the company’s desire to have oil marketers patronise its products.

“What will ensure such patronage is transparency, fairplay, and readiness to compete with others, including foreign refineries, on an even keel and on a level playing field,” he added.

The DAPPMAN executive secretary said the company’s claim that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) does not have a modern laboratory to test imported fuel is false.

“A regulator must have access to modern, state of the art laboratory at every point in time, whether owned by it or others. Such laboratories must be of world standard,” he said.

“The regulator, and indeed, the marketers, have access to such world-class laboratories, which include: SGS, Inspectorate, and Interterk, among others.

“If fuel marketers were bringing in off-spec fuel, this wouldn’t have been difficult to detect. How many vehicles in the last one year have reported engine problems resulting from bad fuel? Where are the reports about environmental pollution occasioned by the usage of low quality fuel?

“It is a false statement to claim that any product brought in with a landing price lower than the price offered by the Dangote Refinery is a substandard product.

“It is the management of the refinery that will need to tweak its template to reflect the crude for naira sales and other incentives which the federal government has graciously extended to the refinery.”

Adewole also said the members were surprised to know that the refinery has a 500 million litres fuel reserve.

“We were surprised because we believe that if the Refinery has such huge stock, it is the marketers that should be put in the know first,” the executive secretary said.

“Secondly, it was even more surprising given that the news came about the time the refinery was working on rationing what each marketer could pick from the refinery. If they had such huge stock, how is it then that they are rationing what marketers could buy.”

Adewole said the association will continue to play by the rules and will not be tired of advocating for a level playing field, and a competitive and transparent sector.

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