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Why fuel scarcity persists — Marketers

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The Major Oil Marketers Association of Nigeria, (MOMAN), has said that the lingering fuel scarcity in the country is as a result of the high costs of vessels and inadequate trucks to deliver petroleum products from depots to filling stations across Nigeria.

The marketers explained that these high logistics and exchange rate costs continue to put pressure on their operations with ripple effects on the pump price.

Speaking in a statement, the marketers said the fuel queues are caused by exceptionally high demand and bottlenecks in the fuel distribution chain.

“The major cause is the shortage and high (US Dollar) costs of daughter’s vessels for ferrying product from mother vessels to depots along the coast,” it said.

“Next is the inadequate number of trucks to meet the demand to deliver products from depots to filling stations nationwide.”

MOMAN said it sympathises with Nigerians over the challenges they are facing in the purchase of petrol at filling stations across the country.

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Over the past three months, it said its staff members have worked diligently at depots and filling stations to relieve the stress faced by Nigerians through the Christmas and New year periods.

“Our members have again agreed to extend depot loading hours as well as keep strategically situated service stations open for longer hours to ease access to fuels for our customers,” the association said.

It noted that it shall continue to use its best endeavours to ensure that product is sold at the pump at prices currently approved by the regulatory authorities, despite pressure on price by demand and costs in immediate operating environment.

“A final resolution to these challenges will be the full deregulation of the petroleum downstream sector to encourage liberalisation of supply and long-term investments in distribution assets. We urge the government to work towards this end goal,” it said.

In recent months, especially since the government announced plans to remove fuel subsidies, Nigerians have had a hard time getting petroleum products at filling stations.

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The scarcity has persisted despite the government’s repeated claims it had enough petroleum products in stock. In many parts of the country, operators of filling stations sold at prices higher than the government’s pump price.

The Nigerian government Friday night said it has not approved any increase in the pump prices of petrol across the country.

The Minister of State for Petroleum Resources, Timipre Sylva, made this disclosure even as Nigerians continue to queue for fuel in filling stations amidst reports of increase in the pump price of petroleum products.

Earlier on Thursday, reports claimed that the government quietly approved ₦185 as the new petrol pump price per litre.

But Mr Sylva claimed that President Muhammadu Buhari did not approve any increase in the price of PMS or any other petroleum product.

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Governors can pay N615k minimum wage if they get priorities right – NLC

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President of the Nigeria Labour Congress (NLC), Joe Ajaero, says state governors can afford to pay the proposed N615,000 minimum wage if they get their priorities right.

Ajaero spoke on Thursday during an interview with Channels Television.

 

Recently, organised labour announced that the new minimum wage should be pegged at N615,000.

The proposal came amid ongoing minimum wage negotiations between federal and state governments on one hand, and organised labour on the other.

 

In 2019, the administration of former President Muhammadu Buhari pegged the national minimum wage at N30,000.

After the new minimum wage was announced at the time, it took some states forever to implement the increment.

 

Asked during the interview if organised labour’s proposal of N615,000 is realistic, Ajaero said the amount is the “most realistic” given the galloping inflation in the country.

 

The NLC president said organised labour considered factors like transportation, housing, and feeding before arriving at the sum.

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“If you are talking about being realistic, the N615,000 demand is the most realistic. Being realistic is not about slave wage,” Ajaero said.

 

“However, N30,000 is big money if inflation is brought down, and at a single digit.

“Look at the indices that create inflation. If you check them, you can talk about being realistic. All other factors in the country are going high and wages remain constant.”

 

Asked if states can afford the N615,000 proposal, the NLC president averred that it is not about ability to pay but the priorities of states.

“I think we need to understand the issues of ability to pay and not getting the priority right,” he added.

 

“Most of the states that have shown willingness to pay the current minimum wage are not among those getting the highest revenue.

“During the time of Muhammadu Buhari, some states were declared not having enough money to pay and he released funds for them to pay.

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“Those states still refused to pay. It is not the question of either the quantum of money that they have or not, it is what they decide to do with such money.

 

“If they get their priorities right, then a lot can happen.”

 

Organised labour has also threatened to embark on a strike if a new minimum wage is not announced before May 31, 2024.

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15-yr-old Kwara public school student scores 362 in UTME

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A student of a public secondary school, Government Secondary School, Omu Aran, Kwara State, Olukayode Victor Olusola, scored 362 marks in this year’s Unified Tertiary Matriculation Examination, UTME, to be among the contenders for the highest scorers in the examination.

Though the Registrar of the Joint Admission and Matriculation Board, JAMB, Prof. Isaq Oloyede, organisers of the exam, had said the Board would not announce the highest scorer to avoid last year’s experience of confusing claims, Olukayode’s score is celebratory, as it is among the highest in recent years.

He scored 95 marks each in Mathematics, Physics and Chemistry and 77 in English Language.

 

His exploit is coming against the backdrop of the poor performance of candidates in the exam in which 1.4 million scored less than 200 marks out of 400. The exam was taken by over 1.8 million candidates

Also, Olukayode’s excellent performance is coming at a time when confidence is greatly eroding in what public schools have to offer and some private schools are boasting of being the most expensive in the country.

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Olukayode was born in 2009 and hopes to study Electrical Electronic at the University of Ilorin, Kwara State.

 

His mother, Beatrice Tosin, while giving all the honour to God, also praised the studious and hard working nature of her child.

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Good morning! Here Are Some Major News Headlines In The Newspapers Today: Man arrested for forcefully marrying off underage daughters in Anambra

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1. Anambra State Government has arrested one Uzochukwu Okoli for giving out his underage daughter’s hand in marriage. Okoli was apprehended after his daughter reported to the state Ministry of Women and Social Welfare about the ill-treatment being meted out to her by her father and the man he forced her to marry.

 

 

2. The Army has taken a significant step to prevent the killing of its troops through ambush by terrorists and bandits. On Thursday, Chief of Army Staff, COAS Lt-Gen. Taoreed Lagbaja, hinted at the plan to take delivery of Mine-resistant Ambush-Protected, MRAP, vehicles in the next few weeks. This is to ensure safety of its personnel in the battle against terrorists and economic saboteurs.

 

3. Lagos State contributes N41 trillion (20 per cent) to the country’s Gross Domestic Product, GDP, Commissioner for Economic Planning and Budget, Ope George, has said. According to him, despite many challenges, such as COVID-19 and EndSARS protest, the state has devised strategies to keep its economy afloat and boost investor confidence.

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4. The suspected mastermind of the March 28, 2022, Kaduna-Abuja train attack, Ibrahim Abdullahi (aka Mande), and his accomplice, Auwal Ayuba, were on Thursday paraded by the Police. Also paraded were others believed to be terrorising motorists and passengers plying the Kaduna-Abuja Highway and residents within the axis.

 

5. Former Katsina State governor, Ibrahim Shema has defected to the All Progressives Congress, APC. Alhaji Shema was governor in the Northwest State between 2007 and 2015, under the Peoples Democratic Party, PDP.

 

6. Suspected bandits have attacked Maraban Agyaro where they abducted the village heads of Kakangi and Kisaya villages, and killed eight villagers in Birnin Gwari Local Government Area of Kaduna State. The attackers invaded the area around 8 am on Thursday, during which they also abducted four farmers who were on their respective farms.

 

7. A yet to be identified police officer has gunned down a Lagos resident who prevented him from jumping queue to buy fuel at a Nigerian National Petroleum Company Limited, NNPCL, filling station at Obalende, in the Ikoyi area of Lagos State. Lagos State Police Public Relations Officer, SP Benjamin Hundeyin, confirmed that the officer who shot the victim has been identified.

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8. Vice President Kashim Shettima on Thursday said President Bola Tinubu’s economic reforms of the past one year “saved the life of the nation”. He described them as necessary given the poor state of Nigeria when he assumed office on May 29, 2023.

 

9. The Federal High Court in Warri, Delta State, on Thursday, commenced sitting on a N100bn lawsuit filed by indigenes of Okuama community in Ughelli North Local Government Area against the Nigeria Army, challenging the military invasion and destruction of the community.

 

10. Governors on Thursday sounded a note of caution to workers against unduly high expectations from the minimum wage negotiations. States will pay only implementable and sustainable wages, they said, but expressed commitment to improved salaries for workers.

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