News
Fuel Supply: Oil Marketers Set For Showdown With FG
A confrontation that would trigger another round of fuel crisis is currently brewing between oil marketers and the Federal Government, as the marketers have given the government an ultimatum to fully deregulate the downstream sector of the country’s petroleum industry; put a motion in place to increase marketers margin from the sale of Premium Motor Spirit (PMS), also known as petrol or risk a collapse of the industry.
In an interview with newsmen in Abuja, spokesperson for one of oil marketing groups, who chose not be named, claimed that from the present arrangement in the fuel trading business, where the Nigerian National Petroleum Corporation (NNPC), was the sole importer of petrol, oil marketers are currently not making any profit from the sales of the commodity.
Increasing oil marketers’ take, listed as Trader’s Margin in the PMS pricing template would lead to an increase in the price of petrol if other variables were left constant in the template.
Also, deregulating the downstream petroleum industry would trigger a rise in fuel price, as the current template of the Petroleum Products Pricing Regulatory Agency (PPPRA), puts the expected open market of PMS at N179.50 per litre, meaning that the government is paying N34.50 as subsidy per litre of petrol.
However, when contacted on the impending showdown with marketers, spokesperson for the Nigerian National Petroleum Corporation (NNPC), Mr Samson Makoji, claimed he was in a meeting, and promised to provide the NNPC’s response on the issue at a later time. As at the time of going to press, he was yet to respond.
The spokesperson for the oil marketers further lamented that the newly introduced N50 Point of Sale, POS, charge newly introduced by the government was negatively affecting oil marketers and if not removed, would force many oil marketing companies to close shop.
The spokesperson disclosed that the country enjoyed uninterrupted fuel supply during the Christmas period because oil marketers agreed to work with the Federal Government in that regard.
He said, “Government appealed to us that we should do everything to ensure that there is fuel in December. Again, as I am talking to you, we have listed about three or four items that are still disturbing us.
“One, we are not making any profit, we want them to deregulate or increase our margin. It is either they increase our margin or they deregulate. Two, this N50 POS charge is a killer. No business will survive if it is allowed. Three, the bad roads are not helping us.
“If all these are not addressed; if something is not done, the system will collapse sooner than you think. We are talking to them through government, NNPC and the PPPRA, and hoping that individually, they are putting heads together to find the solution to it. There must be a solution to it, like yesterday.”
He added that the Federal Government was yet to fully liquidate its indebtedness to the oil marketers in the area of outstanding fuel subsidy claims, noting, however, that the government had issued the marketers three promissory notes, with the last of the notes to be cashed in by the first quarter of 2020.
He stated that the oil marketers are currently losing about 20 per cent of their claims due to the Federal Government’s style of liquidating the claims.
He disclosed that the oil marketers had decided to follow the path of dialogue in their engagements with the NNPC, a step it had been taking since the appointment of Mele Kyari, as the Group Managing Director of NNPC.
“We are still going to do that until we feel our patients can no longer bear it. If the system pushes all of us out of business, it is at their own peril. We have been talking to them and they seem to be listening to us, and it seems like they would do some of the things we requested,” the spokesperson noted.
Also speaking, Chief of Staff of the National President of Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. James Tor, confirmed that the Federal Government was currently addressing the issue of backlog of fuel subsidy debts owed oil marketers.
He said, “Every effort is on by the Federal Government to pay the backlog of the fuel subsidy debts owed oil marketers. If you have an issue with somebody and the person has started a programme and a plan to address the issue, there is no need of making it an issue again. We are not making subsidy debts an issue again because the government has already arranged a programme for it”.
On the issue of uninterrupted fuel supply, Tor said, “We kept in line with the efforts of the President of the country, with his efforts and determination to addressing the challenges in the oil and gas sector.
“He has actually improved on all aspects of the industry, so we advised our members to work in tandem with President Buhari’s policy. We urged all our members to ensure that fuel distribution and supply was in line with Mr President’s efforts and they all kept to it.”
News
Retirement: Ignore PSC’s Directive, Remain In Office, IGP Tells Officers
The Inspector General of Police, IGP Kayode Egbetokun, has instructed all police officers affected by the recent directive from the Police Service Commission (PSC) to disregard the order.
The PSC had directed officers who have served 35 years or reached 60 years of age to retire immediately.
A wireless message from the office of the Force Secretary, dated February 11, 2025, stated that the IGP “strongly directs all officers affected by the PSC’s directive to stay action, pending further instruction.” Officers were told to comply strictly with this order.
Last week, PSC spokesman Ikechukwu Ani, explained that the commission’s order followed a review of its previous stance from the 24th plenary meeting in September 2017, allowing force entrants to use their enlistment date rather than their initial appointment date.
The commission cited inconsistencies with Public Service Rule No. 020908, which mandates retirement after 35 years of service or upon reaching 60 years of age.
However, the PSC clarified that it does not have the constitutional authority to determine the appointment or retirement of IGP Egbetokun.
News
Be Consoled, God Who Gives, Also Takes, Fubara Tells Principal Secretary
Rivers State Governor, Sir Siminalayi Fubara, has extolled the sterling motherly virtues of late Mama Ayebadieye Edward Igbeta, and urged the children not to deviate from those valuable lessons she had taught them.
Late Mama Ayebadieye Edward Igbeta (79 years) is the mother of Dr Ayebaesin Jacob Beredugo, the Principal Secretary to Governor Fubara.
The Rivers State Governor, who described Dr Beredugo as a brother, trusted ally and key stakeholder of his administration, urged him to be consoled in God and bear the loss with fortitude.
Governor Fubara gave the advise at the funeral service in honour of late Mama Ayebadieye Edward Igbeta at the Cathedral Church of St Luke, Anglican Communion in Nembe City, Nembe Local Government Area of Bayelsa State yesterday.
The Rivers State Governor said: “We are here as a government to show that in this difficult time, we stand with him. We know that there is no consolation here that can fill the gap of this loss, more especially the loss of a mother.
“But, we want to draw his mind to the good Book: that it is the Lord that giveth, and it is also the Lord that taketh. And he takes for a reason.
“We live in a corrupt world, and when you are a saint in the world, when it pleases the Almighty and He believes that He doesn’t want you to be corrupted, He takes away the soul to a better place where death is no more, where you don’t have to look for food again, where you have peace.”
Governor Fubara expressed strong belief that given the way Mama had lived and the good virtues that had been read out and said about her, there is no doubt that she will be in a good side in heaven.
The Governor decried the current condition of the cathedral where the funeral service held and committed the support of the Rivers State Government to ensure the completion of the building in memory of late Mama Ayebadieye Edward Igbeta
“We have been made to understand that the Cathedral needs strong support. We are willing to support the completion of the Cathedral. We will support the building in memory of Mama with the sum of N50million”
Delivering the sermon on the topic; “Hope in the face of death”, Bishop of the Diocese of Western Izon, Rt. Rev. Victor Okporu, said those who are confidently expecting positive future must also believe in Jesus Christ, repent of their sins, and be prepared to spend eternity with Him.
Reading the biography of the late Madam Ayebadieye Edward-Igbeta, brother of the decreased, Mr Godwin Ekine, said his late sister was an embodiment of love, care, peaceful and kind-hearted, and touched lives through her generosity and compassion.
Friends and well-wishers from Bayelsa, Rivers and Delta states, some of whom shared fun memories of the late matriarch, were later hosted to a funeral reception at King Koko’s Square in Nembe Town.
Also at the burial were the State Deputy Governor, Prof Ngozi Odu; Speaker, Rivers State House of Assembly, Rt Hon Victor Oko-Jumbo; member representing Ikwerre/Emohua Federal Constituency in the National Assembly, Hon Boniface Emerengwa; and Chief of Staff, Government House, Dr Edison Ehie.
Others are Head of Service, Dr George Nwaeke; Attorney General and Commissioner for Justice, Dagogo Israel Iboroma, SAN, Dr Tamunosis Gogo-Jaja; Chief Hanny Woko; Amaopusenibo Fubara Hart; Chief Theodore Georgewill; members of the State Executive Council; Special Advisers; top politicians, leaders and stakeholders in the State; among others.
News
Old Boys Plan Rehabilitation Of GSS, Okehi
The Chairman of the Old Boys Association of Government Secondary School (GSS), Okehi Etche, Rivers State, Prof. Sir, Umunna Offor, has stated that the association would soon visit their alma-mater and rehabilitate decayed infrastructure and facilities in the compound.
The chairman made this assertion while speaking with some newsmen after an extensive meeting of the Old Boys in Port Harcourt, recently.
Sir Offor stated that since they left the secondary school, some years ago, most of the facilities and infrastructure built by then Rivers State Government had decayed and worn out.
“ However, being responsible ambassadors and Old Boys of the college, we would not fold our arms and expect government to rebuild everything in the school compound, hence, we have decided to come together and graciously assist our alma mater’, he said.
“The meeting was basically for like-minds to gather to find a way to help the school, it is a thing of joy to see and receive old school friends and comrades who have gone far in life and have excelled in their respective chosen fields”.
Speaking in the same vein, Engr, Lasbrey Amadi; (FNSE), who is also an old boy and former member of the House of Representatives, said the association would be working in synergy with the administrators of the school to ensure that in no distant time; there would be a massive face-lift in the physical infrastructure in the school compound.
Veering into politics in Nigeria of today, Engr, Amadi, said that god-fatherism in politics had seriously killed the gains and beauty of democracy in Nigeria and quickly urged politicians to always play-down the issue of god-fatherism in politics and ensure good governance in the country.
In his comment, the Public Relations Officer (PRO) of the Association, Mr Goodluck Nwaobilor, said the door of the association is still wide open for new members who finished from the school to join and work towards taking the association to higher level.
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