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Nigerians consume 68 million litres of petrol daily, NNPC insists

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The Nigerian National Petroleum Company Limited, on Sunday, insisted that the country consumes 68 million litres of petrol daily.

NNPC Limited, in a statement by its group general manager, group public affairs division, Garba Deen Muhammad, said it imported a total volume of 16.46 billion litres of petroleum into the country between January and August 2022.

This, the company said, translated to an average supply of 68 million litres per day.

It said the combination of various present cost elements has translated to a retail pump price of N462 per litre, adding that the subsidy payment of N297 is to make the product affordable for the country.

The response came days after the Nigeria Customs Service questioned the NNPC’s claim that the country consumes 60 million litres of petrol daily.

The Customs comptroller-general, Hameed Ali, during a session with the House of Representatives Committee on Finance last Thursday, said if the company puts daily consumption of petrol at 60 million litres, why does it allow 98 million litres to be lifted daily.

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“If we are consuming 60 million litres of PMS per day, by their computation, why would you allow the release of 98 million litres per day? If you know this is our consumption, why would you allow that release?” Mr Ali asked.

Reacting, the NNPC in its statement said it imported an average of 68 million litres of petrol per day.

Similarly, it said petrol imports in 2021 was 22.35 billion litres, which translated to an average supply of 61 million litres per day.

It said the average daily evacuation (depot truck out) from January to August 2022 stood at 67 million litres per day as reported by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

It added that the daily evacuation (depot load-outs) records of the NMDPRA carry from as low as 4 million litres to as high as 100 million litres per day.

The company said it recognised the impact of maritime and cross border smuggling of PMS on the overall supply framework.

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“NNPC also acknowledges the possibilities of other criminal activities in the PMS supply and distribution value chain. As a responsible business entity, NNPC will continue to engage and work with relevant agencies of the Government to curtail smuggling of PMS and contain any other criminal activities,” the firm said.

The company also pointed out in the statement that rising crude oil prices and petrol supply cost above NMDPRA (formerly PPPRA) cap had forced oil marketing companies to withdraw from petrol importation since the fourth quarter of 2017.

“In the light of these challenges, NNPC has remained the supplier of last resort and continues to transparently report the monthly PMS cost under-recoveries to the relevant authorities.

It said the average Q2 2022 international market determined landing cost was US$1,283/MT and the approved marketing and distribution cost of N46/litre.

“The combination of these cost elements translates to a retail pump price of N462/litre and an average subsidy of N297/litre and an annual estimate of N6.5 trillion on the assumption of 60 million litres of daily PMS supply. This will continuously be adjusted by market and demand realities,” it said.

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“NNPC Ltd shall continue to ensure compliance with the existing governance framework that requires the participation of relevant government agencies in all PMS discharge operations, including Nigerian Ports Authority, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Nigerian Navy, Nigeria Customs Service, NIMASA and all others.

“NNPC Ltd recognizes the impact of maritime and cross-border smuggling of PMS on the overall supply framework. NNPC also acknowledges the possibilities of other criminal activities in the PMS supply and distribution value chain. As a responsible business entity, NNPC will continue to engage and work with relevant agencies of the Government to curtail the smuggling of PMS and contain any other criminal activities.

“We will continue to deliver on our mandate to ensure energy security for our country with integrity and transparency. We invite any forensic audit of the PMS supply and subsidy management framework of the NNPC,” it said.

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Keyamo: Why Osinbajo was not included in Tinubu’s campaign council

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The campaign council of the All Progressives Congress presidential candidate, Bola Tinubu, has cleared the air surrounding the absence of Vice-President Yemi Osinbajo from the list of patrons.

In a statement released on Saturday by Festus Keyamo, spokesperson of the council, the APC camp said Osinbajo was left out of the lineup to allow him “concentrate on governance of the country and administration of government.”

On Friday, the APC presidential campaign council released a list containing 422 names of its members.

Osinbajo was absent from the list alongside Yakubu Dogara, former speaker of the house of representatives, Babachir Lawal, former secretary to the government of the federation, and Chukwuemeka Nwajiuba, former minister of state for education.

 

The vice-president had contested the APC presidential ticket with Tinubu, and it appeared to have severed the relationship between the duo.

The absence of Osinbajo’s name from the campaign council further fuels the suspicion of an awry turn in their relationship.

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Addressing the situation, the campaign team said President Muhammadu Buhari ordered the omission of the vice-president and Boss Mustapha, secretary to the government of the federation, from the list.

The statement:

“Our attention has been drawn to some stories making the rounds that there may be something amiss within the family of the All Progressives Congress (APC) as the name of our own revered and respected Vice-President, Professor Yemi Osinbajo, SAN, GCON, is not included in the list of the Tinubu/Shettima Presidential Campaign Council,” the statement read.

“Nothing can be farther from the facts. For the avoidance of doubt, President Muhammadu Buhari, GCFR, is the chairman of the campaign council. As a result, Mr President has SPECIFICALLY directed that the Vice-President and the Secretary to the Government of the Federation, Boss Mustapha, should be left out of the Campaign Council to concentrate on the governance of the country and administration of government.

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“As a responsible party and government, all the key functionaries of government cannot abandon their positions for electioneering campaigns. The APC has the mandate of the Nigerian people to administer the country on their behalf at least till May 29, 2023, and this we intend to do with all sense of responsibility.

“Our candidates and the leadership of the APC have also indicated that the list is not sacrosanct as there may be periodic review of it as circumstances dictate.

“We will not toe the path of those who governed the country in an irresponsible manner before us, and our Party is not in total disarray like those who wish to ‘rescue’ the country but cannot simply manage their own internal affairs.”

 

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Shock as PDP senator, Chimaroke Nnamani, makes APC presidential campaign council list

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Chimaroke Nnamani, a chieftain of the Peoples Democratic Party (PDP) and senator representing Enugu east senatorial district, has been listed a member of the All Progressives Congress (APC) presidential campaign council.

In a 422-man committee released by James Faleke, secretary, APC presidential campaign council, on Friday, Nnamani is the 350th on the list as a member.

Prior to his announcement, Nnamani did not announce his exit from the PDP.

But in August, Nnamani, in a long-thread tweet, said he is in opposition to the “shameless campaigns and parodies” aimed at the health of Bola Tinubu, the presidential candidate of the APC.

Nnamani, a medical doctor, said he is appalled by the “extreme and unprofessional” forms of attacks directed at the former Lagos state governor over his health.

“I vigorously oppose, protest and detest the shameless campaigns and parodies targeting Tinubu’s health,” he wrote.

“As a health worker, I am amazed by ignorance, foolishness, wickedness and callousness of these idiotic operators. I believe they are unwarranted, extremely unprofessional, and have no place in our polity.

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Nnamani also cited Tinubu’s works in the criminal justice sector, education, and health, adding that he left a “lasting legacy of hard work in Lagos infrastructure”.

He did not answer or return calls and SMS sent to his mobile phone.

But Felix Morka, APC national publicity secretary, said he would respond later.

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Newspaper Headlines Today: Benue residents flee as flood takes over homes

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1. Residents of flooded areas in Benue State have fled their homes as a result of the flood. Commissioner of Water Resources and Environment, Dr Godwin Oyiwona said on Friday that the flood had risen to a level of 11.1m on the seasonal flood gauge on river Benue.

2. The crisis rocking the Peoples Democratic Party took a new dimension on Friday with the Rivers State Governor, Nyesom Wike, making a series of allegations against the Chairman, Iyorchia Ayu, and the party’s presidential candidate, Atiku Abubakar, among others. Wike accused Ayu of receiving a N1 billion bribe. Ayu and Atiku have refused to react to the allegations.

3. Geng Quanrong, the Chinese man accused of killing Ummu Buhari (Ummita), will be served Chinese meals. The Nigerian Correctional Service (NCS) made the confirmation as his trial gets underway. Kano Correctional Centre spokesman, Musbahu Kofar-Nassarawa said Quanrong was not expected to eat ‘gabza’, a meal for prisoners.

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4. The three policemen abducted by some gunmen in Ogun State have regained freedom. It was gathered that the cops, who arrived Ogun from Zone 2, Onikan Lagos for an investigation, were captured in broad daylight yesterday along the Wasinmi road, in Ewekoro Local Government Area of Ogun.

5. Some chieftains of the ruling All Progressives Congress (APC) in Kaduna State have been abducted in an attack along Kaduna-Kachia highway in Kaduna State. It was gathered that the attack happened at a place called Tashar Icce, which is some meters from Kujama community in Kajuru Area of the State.

6. The federal government has told the Academic Staff Union of Universities (ASUU) to obey the National Industrial Court ruling and call off its seven-month strike. The Minister of Labour and Employment, Senator Chris Ngige, gave the advice while fielding questions from journalists in Abuja.

7. The Rivers State Governor, Nyesom Wike, yesterday, accused the former Senate President, David Mark, of working against him during the Peoples Democratic Party, PDP, presidential primary election. During a chat with some selected journalists in Port Harcourt on Friday, Wike said David Mark was part of those who plotted his defeat.

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8. Following weeks of anxiety and serial postponements, the presidential campaign council list of the flagbearer of the ruling All Progressives Congress, Asiwaju Bola Tinubu, was released with several notable names of party chieftains missing. The 422-man list has names of political heavyweights, including APC governors, ministers, lawmakers, ambassadors, as well as serving and past public office holders.

9. Against the backdrop of recent visit to All Progressive Congress, APC, presidential candidate Bola Tinubu in Abuja, by some notable actors, the National Executive Committee of the Actors Guild of Nigeria, AGN, has warned its members to desist from doing anything that would jeopardize the interest and purpose of the guild.

10. Manchester United star, Cristiano Ronaldo was yesterday, charged with ‘improper and/or violent conduct following the incident where he appeared to knock a mobile phone out of a supporter’s hand. The incident happened at Everton’s Goodison Park after Manchester United’s 1-0 defeat last April.

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