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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.

READ  Petrol to sell at N360/N400 per litre after subsidy removal - PENGASSAN

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.

READ  Police arrest 30 suspects in Ogun fuel, Naira scarcity riots

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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Police dismiss inspector for ‘N29.8m theft’, demote three officers over ‘extortion’

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The Nigeria Police Force (NPF) says Adabo Mohammed, an inspector, has been dismissed over alleged involvement in robbery and kidnapping in the federal capital territory (FCT).

In a statement on Friday, Muyiwa Adejobi, force spokesperson, said Mohammed and five others were members of an armed robbery gang allegedly responsible for the stealing of N29.8 million from a victim during a robbery operation in the Gwagwalada area of Abuja.

He added that the dismissed officer was also part of a gang that kidnapped one Ikechukwu Emmanuel Okafor, in the Tunga Maje area of Abuja and collected N4.4 million in ransom.

“The ex-officer has been charged to court accordingly,” Adejobi said.

Adejobi said Kayode Egbetokun, the inspector-general of police (IGP), also approved the demotion of three inspectors to the rank of sergeant over alleged extortion.

He identified the demoted officers as Osagie Efford, Semiu Agbekin, and Francis Ahuen, who were attached to the special tactical squad (STS) in the FCT.

READ  1.8bn litres of fuel available for Feb, March, says NNPC

The police spokesperson said the officers intercepted an unregistered Mercedes Benz at the Gwarinpa area of the territory and “forced the occupants to part with the total sum of N29.4m.

“While the monies have been returned to the complainants, the officers were subjected to orderly room trial in line with extant laws, and have been demoted,” he said

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FULL LIST: NJC appoints Wike’s wife, CJN’s daughter-in-law, 84 others as new judges

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The National Judicial Council (NJC) has recommended the appointment of 22 judges to the appeal court.

 

In a statement on Friday, Soji Oye, NJC’s director of information, announced that 86 judicial officers were recommended as judges for federal and state courts.

 

Oye said the recommended judicial officers will be sworn in after approvals from President Bola Tinubu and their respective state governors.

 

Among the judges recommended for elevation to the court of appeal is Nyesom-Wike Eberechi Suzzette, a judge at Rivers high court.

 

Suzzette is the wife of Nyesom Wike, minister of the federal capital territory (FCT).

 

Also, Ariwoola Oluwakemi Victoria, the daughter-in-law of Olukayode Ariwoola, chief justice of Nigeria (CJN), was among those recommended as judges of the FCT high court.

 

FULL LIST

JUSTICES OF COURT OF APPEAL

1. Hon. Justice Kwahar Polycarp Terna

2. Hon. Justice Ruqayat Oremei Ayoola

3. Hon. Justice Eleojo Eneche

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4. Hon. Justice Asma’u Akanbi-Yusuf

READ  INEC raises alarm over fuel scarcity,  says it 'endangers our plans'

5. Hon. Justice Abdullahi Muhammad Liman

6. Hon. Justice Abdu Dogo

7. Hon. Justice Fadawu Umaru

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8. Hon. Justice Ishaq Mohammed Sani

9. Hon. Justice Zainab Bage Abubakar

10. Hon. Justice Abdulazeez M. Anka

11. Hon. Justice Nnamdi Okwy Dimgba

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12. Hon. Justice Nwoye Victoria Tochukwu

13. Hon. Justice Nwabunkeonye Onwosi

14. Hon. Justice Okorowo Donatus Uwaezuoke

15. Hon. Justice Ngozika Uwazurunonye Okaisabor

16. Hon. Justice Ntong Festus Ntong

17. Hon. Justice Nehizena Idemudia Afolabi

18. Hon. Justice Nyesom-Wike Eberechi Suzzette

19. Hon. Justice Lateef Babajide Lawal-Akapo

20. Hon. Justice Akinyemi Abiodun Azeem

21. Hon. Justice Oyewumi Oyejoju Oyebiola

22. Hon. Justice Olukayode Adegbola Adeniyi

 

 

JUDGES OF HIGH COURT, FCT ABUJA

1. Ademuyiwa Olakunle Oyeyipo

2. Bamodu Odunayo Olutomi

3. Anumaenwe Godwin Iheabunike

4. Odo Celestine Obinna

5. Hauwa Lawal Gummi

6. Abdurahman Usman

7. Buetnaan Mandy Bassi

8. Sarah Benjamin Inesu Avoh

9. Maryan Iye Yusuf

10. Ariwoola Oluwakemi Victoria

READ  Police commission approves suspension of two ASPs for ‘extorting $3,000’ from travellers

11. Lesley Nkesi Belema Wike

12. Munirat Ibrahim Tanko

 

JUDGES OF IMO STATE HIGH COURT

1. Akowundu Cletus Ndubuisi

2. Uchenna Mary Njoku

3. Chibuogwu Ojiugo Chukwumaeze

4. Ononogbo Chidi Linus

5. Adaego Peace Nosiri

6. Emeka Ozoma Orafu

7. Mathew Chinedu Ijezie

 

JUDGES OF BAUCH STATE HIGH COURT

1. Amin Umar Ilelah

2. Aliyu Bin Idris

3. Ahmed Shuaibu Ningi

4. Shafa’u Ladan Yusuf

5. Abdussalam Idris Waziri

6. Kawu A. Yerima

 

JUDGES OF TARABA STATE HIGH COURT

1. Hamidu Audu

2. Bibonga Jeniffer Nauma

3. Joel Daniel Ubandoma

 

JUDGES OF LAGOS STATE HIGH COURT

1. Sunmonu Tunde Bashiru

2. Azeez Fimisola Augusta

3. Alebiosu Olawale Lawal

4. Adewale Russel Musiliu

5. Popoola Oluwatosin Ajose

6. Anjorin-Ajose Tanimola Abdulwaheed

7. Muyideen Abdul-Raheem Tejumade

8. George Alfred Akingbola

9. Balogun Adegboyega Ganiu

10. Shonubi Adenike Kudirat

11. Badejo-Okusanya Yewande Jokotola

12. Layinka Oyeladun Amope

13. Ojuromi Nalirat Olayinka Oluwatosin

 

JUDGES OF KOGI STATE HIGH COURT

READ  Fuel sells for N400/litre in Abuja, as scarcity persists in Lagos

1. Ajesola Joseph Sunday

2. Ojoma Rachael Haruna

3. Kadiri Badama

4. Ezema Beatrice Ada

 

JUDGES OF JIGAWA STATE HIGH COURT

1. Mohammad El-Usman

2. Nilfa Abdullahi Gambo

 

KADIS OF SHARIA COURT OF APPEAL, BAUCHI STATE

1. Ishaku Magaji

2. Abdurrahman Hassan Sabo

3. Bello Mohammed Sambowal

4. Muhyiddeen Mohammed

5. Mahmoud Idris Shehu Tiyin

 

KADIS OF SHARIA COURT OF APPEAL, KOGI STATE

1. Muhammad Muhammad Bello

2. Okino Isah Saidu

3. Yakubu Adavenge Abbas

4. Shaibu Ridwan Aliyu

5. Idris Alhaji Abdullahi

 

KADI OF SHARIA COURT OF APPEAL, JIGAWA STATE

1. Mukhtar Shuaibu Adam

JUDGES OF IMO STATE CUSTOMARY COURT OF APPEAL

1. Everyman Ezenna Eleanya

2. Ofoha Sylvesta Uchenna

3. Ibeh Rosemond Oluchi

 

JUDGES OF CUSTOMARY COURT OF APPEAL, TARABA STATE

1. Esther Tata

2. Benjamin Samuila Bawage

 

JUDGE OF CUSTOMARY COURT OF APPEAL, KOGI STATE

1. Maryann Oziohu Otaru

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AfDB to support Nigeria’s power sector reforms with $1bn loan

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The African Development Bank (AfDB) says it plans to support Nigeria’s power sector with a $1 billion policy-based operation (PBO) fund to boost electricity.

 

Policy-based lending provides countries with flexible, liquid funding to support policy reforms in a particular sector.

 

Kevin Kariuki, AfDB vice-president, power, energy, climate change and green growth complex, revealed the plans on May 16 at the Eight Africa Energy MarketPlace (AEMP) Forum in Abuja.

 

The theme of the forum is titled ‘Towards Nigeria’s Sustainable Energy Future: Policy, Regulation, and Investment – A Policy Dialogue for the National Integrated Electricity Policy and Strategic Implementation Plan (NIEP-SIP)’.

 

“We will be shortly seeking board approval for a $1 billion policy-based operation (PBO) with a significant energy component,” he said.

 

“This is aimed at supporting the ongoing power sector reforms triggered by the new Electricity Act.

 

“The timing of the AEMP and the proposed policy-based lending focused on the energy sector is, therefore, not coincidental.” 

 

READ  10th assembly inauguration: Imo APC members travelling to Abuja die in auto crash

Kariuki said AfDB will fund the policy recommendations to actualise the expected outcomes from the NIEP-SIP.

 

He said effective policies attract long-term investments and that an enabling environment maximises the value of existing investments, such as the $256.2 million Nigeria transmission expansion project (NTEP).

 

According to Kariuki, the project will include the construction of 500 kilometres (KM) of transmission lines and four substations with a capacity of over 1000 megavolt-amperes (MVA).

 

“And the $200 million Nigeria electrification project, which will build 150 mini-grids,” he said.

 

“Moreover, we are financing a study for the Transmission Company of Nigeria (TCN) to explore the deployment of battery energy storage systems to enhance grid stability and facilitate greater uptake of renewable energy generation.

 

“Nigeria is part of our flagship $20 billion Desert to Power Initiative, which aims to generate 10,000 megawatts (MW) of solar power across 11 countries in the Sahel region to provide power to 250 million Africans.”

 

READ  Nigerians lament as fuel queues back in Lagos, Abuja

According to Kariuki, this bodes well for increasing the proportion of renewable energy in Nigeria’s energy mix.

 

He said the multifaceted approach of supporting policy development, financing critical power sector infrastructure, and providing technical assistance and capacity building would be successful.

 

Kariuki expressed confidence that AfDB’s partnership with the federal government would create a viable and sustainable power sector that yields the desired result.

 

 

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