Connect with us

News

Commuters groan as fuel queues resurface in Lagos, marketers blame depots

Published

on

 

Motorists in Lagos spent hours at filling stations while waiting to buy the product as long queues surfaced on Tuesday.

The situation was worse in the Ikosi-Ketu, Arepo area of New Lagos, Obalende, Maryland and Iju-shaga in Lagos State.

Commuters lamented the hike in prices of transportation fares in the state on Monday and Tuesday, as petrol was sold between N195 and N200 per litre.

Queues were also reported along the Alausa Secretariat road, as the NNPC (former Oando) was closed to motorists. The same situation was also noticed at Total filling stations in Ojota and Palm Grove.

Stations such as Mobil and Fatgbems along Berger also had long queues and sold at N200/litre.

Long queues were also reported at Lekki.

Heyden filling station at Ilupeju, though sold fuel, had a long queue of vehicles waiting to buy the product.

The Independent Petroleum Marketers Association of Nigeria blamed it on the depots and the increasing difficulty in accessing petroleum products.

National Controller, Operations, IPMAN, Mike Osatuyi, told The PUNCH in an interview that members of the association could not get sufficient products at the depots.

“No fuel. Even when we were able to get small quantity, DAPPMAN sold it to us at N200/N202 per litre. By the time we transport it to our stations, the cost would be around N210/litre,” he said.

READ  Lagos: Tinubu speaks on loss, says ‘you win some, lose some’

He added that getting petrol to members’ filling stations from the depots now cost as much as N200 per litre in some instances.

DAPPMAN’s Chairman, Dame Williams Akpani, had, during a chat, told The PUNCH that the fuel crises persisted due to logistics challenges.

She said bad roads, resulting in petrol trucks taking one week instead of three days to arrive in Abuja from Lagos, was also responsible.

Akpani added that the bad Abuja road network had led to breakdown of petroleum trucks, which according to her, had resulted in apathy on the part of the drivers in taking products to the federal capital.

Spokesperson for state oil company, the Nigerian National Petroleum Corporation Limited, Garba Deen Mohammed, could not be reached for comment as his phone was switched off as of press time. Messages sent to his phone were not also delivered.

Meanwhile, oil marketers are lamenting what they call the imposition of a 0.5 per cent tax on the gross turnover of the petroleum by the Finance Act.

The Depot and Petroleum Products Marketers Association’s Executive Secretary, Olufemi Adewole, on the sideline of the maiden edition of the Platforms Africa Continental Forum held on Monday in Lagos, said the tax could shut down businesses and also fuel scarcity crisis if the Federal Government went ahead to implement the new tax regime.

READ  BREAKING: Protesters hit Lagos streets despite police warning

Adewole explained that petroleum marketing firms’ trading margins were too small, and that they would not afford to pay such an amount sustainably.

Adewole said, “Petroleum marketers operate a very low margin, but the turnover is very huge. Unfortunately, the margin does not correspond with the turnover.”

He disclosed that the margins marketers were getting when a litre of fuel sold for N40 was the same they were still getting when it rose to N160 and N200.

According to him, “The Finance Act 2020 says the marketers have to pay 0.5 per cent from their gross turnover by the end of this year.

“It is unimaginable that probably, half of the petroleum marketing firms existing now may go under if the new tax regime is implemented, except the regulator, which is the Nigerian Midstream and Downstream Petroleum Regulatory Authority, approves a new margin for the marketers,” he said.

It would be recalled that oil marketers had recently lamented scarcity of foreign exchange, which, according to them, threatened the importation and distribution of petroleum products across the country.

READ  Lagos shuts two schools over COVID-19 scare

The fuel queues were coming on the heels of a letter dated October 28, 2022, by the Nigeria Union of Petroleum and Natural Gas Workers to the Lagos State governor, Babajide Sanwo-Olu, over harassment, intimidation and extortion of petroleum tanker drivers by some community youths under the name, Indigenous Unity Forum.

Part of the letter read, “We are deeply constrained to bring to your urgent attention, the unwholesome activities of some criminal elements parading themselves along Lekki Free Trade Zone Road, Eleko Ibeju, Lekki, as community youths under the name of Indigenous Unity Forum, harassing, intimidating, and extorting money from every petroleum truck drivers, who are NUPENG/PTD members plying the road.

“We have no other obligation than to demand that your Excellency, as a matter of urgency, put a final stop to the unwholesome activities of these criminals and similar elements across the state. Otherwise, we would have no other option than to direct our members, for the sake of the safety of their lives and property, to stay off the entire Lagos State until sanity, law and order are restored.”

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Tinubu to depart Abuja for official visit to The Netherlands today

Published

on

By

 

President Bola Tinubu will depart Abuja, the nation’s capital, on Tuesday for the Kingdom of The Netherlands on an official visit.

Ajuri Ngelale, presidential spokesperson, said in a statement on Monday, that Tinubu is visiting The Netherlands at the invitation of Prime Minister Mark Rutte.

 

He added that the president will engage in “high-level discussions with the Prime Minister, as well as hold separate meetings with His Royal Majesty, King Willem-Alexander and Queen Maxima of the Kingdom”.

“The Queen is the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA),” the statement reads.

“While in the Netherlands, the President will participate in the Nigerian-Dutch Business and Investment Forum that will bring together heads of conglomerates and organizations in both countries to explore opportunities for collaboration and partnerships, especially in agriculture and water management towards innovative solutions for sustainable farming practices.

“There will also be extensive discussions with the Dutch officials on port management operations for which they have world-renowned expertise.

READ  Betta Edu: EFCC questions Zenith, Providus, Jaiz banks CEOs

“After his engagements in the Netherlands, the President will proceed to attend a special World Economic Forum (WEF) meeting scheduled for April 28-29 in Riyadh, Saudi Arabia.

 

“At the World Economic Forum meeting, which focuses on Global Collaboration, Growth and Energy for Development, President Tinubu and his entourage will use the opportunity of the gathering of over 1,000 leaders from business, government, and academia to engage in discussions in furtherance of his Renewed Hope Agenda for the country.”

 

Ngelale said Tinubu will be accompanied by some ministers and other senior government officials on the trip.

Continue Reading

News

State police will curb commercial kidnapping, it’s non-negotiable — Jonathan

Published

on

By

 

Former President Goodluck Jonathan says the state police is crucial to addressing the challenge of insecurity in the country.

Jonathan spoke in Abuja on Monday at a national security dialogue organised by the house of representatives.

 

The former president said the state police should be established on a framework that makes it difficult to be abused.

 

“The issue today is very critical. One thing is that we don’t need to debate whether we should have state police or not. I think that matter has been concluded. The issue is the operations of the police,” Jonathan said.

 

He said security in Bayelsa was epileptic in the late 90s, noting that it was a security architecture in the form of state police that salvaged the situation.

 

“So there is no way we can manage internal security if states would not have their police,” he added.

 

The former president said the concern is how state police would freely operate without the interference and control of governors and other actors.

“But how would the state police function vis-á-vis the national security architecture,” he asked.

 

“When I set up the 2014 national dialogue, during that period we had lots of challenges in the country.

READ  21yr-old man dies at Lagos birthday party after drug overdose

 

“People were agitating so many areas but one thing that the almost 500 (people) agreed without much ado was the issue of state police.”

 

Jonathan said state police is not new to the country as it was practised during the military regime.

 

“You know in this country, we operated it before. Why is it that the military scrapped it? It was because of the abuse and that is the area we should concentrate on,” he said.

 

“How do we manage the state police so it would not be abused by state political actors?

 

“If state political actors are abusing the state police and using the state police to harass and make life miserable for people who do not belong to their political parties, would the commander-in-chief sit down and watch or would he order the military to go and overrun the state police? Of course, that would bring crisis.”

 

Jonathan said the state police should be designed in a way that will not make it clash with the national security architecture of the country.

 

“These things need to be done carefully,” he said.

 

“So, if we are talking about state police, we must also rejig INEC and the police must not be used against or to the advantage of any political party.”

READ  Breaking: IPOB planning to attack Lagos – CP Odumosu

 

He advocated that the conduct of elections should be improved to require minimal participation of the police.

 

“So, the national assembly needs to look into all these. These are the areas that we have to concentrate on,” he said.

“The issue of the need for states to have their own police is not negotiable. There is no way we can continue this kidnapping that is going on in this country.

 

“Commercial kidnapping started around 2006, I don’t want to go into that history. But it started in the Niger Delta. Now it is all over the country.

 

“The only thing that can help us if we cannot stop it completely at least we reduce it to the barest minimum is for states to have their police.”

Jonathan said the state police must be well equipped with sophisticated weapons to be able to combat aggression from criminals.

“Sometimes people say the state police should have limited weapons, that the calibre of weapons they should have should be limited. That is an area that must also be cleared, we must be careful with it,” he said.

READ  Ex-Pension Boss, Maina Escaped To Niger Republic By Motorcycle – Police

 

“I am not expecting states to have rockets and missiles, but the conventional weapons if you look at the calibre of weapons criminals use, the states must have superior weapons or at least equal.

 

“If you make the state (police) have weapons that are inferior to the ones that the criminals are using, then you are asking them to commit suicide in the field.

“So we must not even go there in terms of limiting the capacity of the state police. A state that has enough resources must equip the police very well and that state can also assist other states that have challenges.”

 

Also speaking, Vice-President Kashim Shettima said the federal government would support the consensus of the dialogue.

 

“The president is committed to listening to your recommendations and insights invariable to share in the policies that would lead us to a more secure and good society,” Shettima said.

 

On his part, Abdulsalami Abubakar, former head of state, harped on the need for the government to be transparent, honest, and accountable to citizens.

 

Abubakar said there should critical discussion on how the state police would operate.

Continue Reading

News

FG to sell DisCos managed by AMCON, banks in next three months

Published

on

By

 

The Federal Government says it would sell off five electricity distribution companies (DisCos) under the management of banks and Asset Management Corporation of Nigeria (AMCON) in the next three months to technical power operators.

 

Adebayo Adelabu, minister of power, spoke in Abuja on Monday when the members of the senate committee on power visited the ministry.

 

The five DisCos include Abuja Electricity Distribution Company (AEDC), currently under the management of the United Bank for Africa (UBA); Benin Electricity Distribution Company, Kaduna Electricity Distribution Company, and Kano Electricity Distribution Company, managed by Fidelity Bank, while Ibadan Electricity Distribution Company is under AMCON management.

 

The DisCos are under the management of the banks and AMCON due to their debt burden.

Adelabu said the energy distribution assets are technical and as such, they should be under the management of technical experts.

 

He also said the tough decision on the DisCos has become necessary because the entire Nigerian Electricity Supply Industry (NESI) fails when they refuse to perform.

READ  Customs impound N7.8bn worth of smuggled charcoal, wood, tomato in Lagos

According to Adebayo, the ministry will prevail on the Nigerian Electricity Regulatory Commission (NERC) to revoke underperforming licenses and also change the management board of the DisCos if it becomes the solution.

 

“On distribution, very soon you will see that tough decisions will be taken on the DisCos. They are the last lap of the sector. If they don’t perform, the entire sector is not performing,” Adebayo said.

 

”The entire ministry is not performing. We have put pressure on NERC, which is their regulator to make sure they raise the bar on regulation activities.

 

”If they have to withdraw licenses for non-performance, why not? If they have to change the board of management, why not?

 

“And all the DisCos that are still under AMCON and Banks, within the next three months, must be sold to technical power operators with good reputations in utility management.

“We can no longer afford AMCON to run our DisCos. We can no longer afford the banks to run our DisCos. This is a technical industry and it must be run by technical experts.”

READ  Breaking: IPOB planning to attack Lagos – CP Odumosu

 

The minister further said it has become necessary to reorganise the DisCos for efficiency.

 

He stressed that Ibadan DisCo is too large for one company to manage.

 

FG TO REVOKE METRE CONTRACT FROM FIRM

Adelabu also dropped the hint that the federal government mobilised a company named Messr Zigglass with $200 million (N32 billion) to supply three million meters that were yet to be supplied to date.

 

“If you held N32 billion for these years, where is the interest,” he asked.

 

According to Adelabu, President Bola Tinubu directed that the contract be revoked.

 

He said the government will bridge the current eight million metering gap in the next four to five years.

 

The minister said the funding for the metre is coming from a seed capital of N100 billion and N75 billion.

 

He added that the Nigerian Sovereign Investment Authority (NISA) is coming to the aid of the ministry with the fund.

READ  Good morning! Here Are Some Major News Headlines In The Newspapers Today: Tinubu, govs meet over food crisis

Continue Reading

Trending News