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NNPC Moves To Halt Scarcity Of Aviation Fuel

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The Group Managing Director, Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari has given a ray of hope to the lingering scarcity of aviation fuel, saying it would end soon.
The came as the Director General, Nigeria Civil Aviation Authority (NCAA), Musa Shuaibu Nuhu said that airline operations might be forced to shut down due to high airfares.
Speaking at a special investigative meeting of the House of Representatives chaired by the Deputy Speaker, Hon Ahmed Idris Wase, yesterday, on the fuel crisis, Kyari said there was no excuse for the escalating prices.
The GMD, however, said it was not possible to reduce the price to N200 per litre as the mechanism was controlled by market forces.
The meeting was also attended by the House Committees on Petroleum Downstream and Upstream, Jet A1 marketers, and airline operators.
Kyari said “Why we didn’t act, all the supply data we have sufficient ATK in the country. This means that it may be in the wrong hands. The airline operators must also have the right commercial arrangement with their support petroleum products, particularly Aviation Turbine Kerosene (ATK).
“There’s frenzy in the market today, no one knows what the price will be tomorrow. That’s still not an excuse for escalation of prices; we will work with the relevant authority to ensure that if there’s no such thing. We will deal with it jointly as an industry. We will work together to ensure that this is resolved.
“It’s impossible to bring the price of the petroleum to N200 per litre because today the landing cost of ATK is N480, the price we have no control that’s what the international price says. The only way you can do this subsidise this, all the same, we will do everything possible to bring down these prices.”
Reacting to some concerns of the Parliamentarian on the current crisis in the energy sector despite the passage of the Petroleum Industry Act (PIA), Kyra allayed the fears of Nigerians, saying the country would never regret enacting such law.
“The passage of the PIA is not a mistake, its history made and this country will never regret the passage of the PIA, it’s also our duty to ensure that we continue to implement the provision of this law to the benefit of our country and countrymen. Whenever there’s a supply gap it is our role to ensure that the supply gap is closed by NNPC, we will work with the authority and other stakeholders to ensure that if there’s any gap that’s existing we fill it”, he said.
In his remarks before the committee, the Director-General, Nigeria Civil Aviation Authority (NCAA), Musa Shuaibu Nuhu decried the sharp increase in the prices of aviation fuel.
“Over the last couple of weeks, we have seen a significant rise in the cost of aviation fuel. One year ago it was selling at an N190 per litre and as of this afternoon it has gone for N670 per litre, what this has done is has increased the cost of operations.
“This is a significant safety concern to us, if airlines cannot have enough financial margins to comply with all the mandatory requirements then we have to look at, God forbid I don’t want to come before this committee to explain why something happened. Every day, it increases I won’t be surprised tomorrow if it sells for N700 per litre. Considering the ticket price now, the airline industry cannot survive. It’s either we shut down because they cannot generate enough revenues to operate safely”, he said.
Earlier, the Executive Director, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ogbugo Ukoha had guaranteed sufficiency in the supply of the aviation fuel to last for, at least, the next 32 days.
Noting the role of the agency in regulating the industry and issuing licenses to importers of the product, Ukoha revealed that the authority had issued licences to 28 companies for the importation of the product.
But the committee picked holes in this presentation, warning against sabotage in cahoots with a cartel.
Specifically, the Deputy Speaker, Hon Ahmed IdrisWase, questioned why there was a scarcity of the product if the authority had enough in circulation.
“This is a political era and elections are coming. We do not want anybody to sabotage the efforts that the government has put into revamping the economy so far because aviation is very important to the economy”, he said.
The deputy speaker also lampooned the Nigerian Consumer Protection Council for failing in their responsibility.
Speaking on behalf of the Airliners, the Chairman of Air Peace, Allen Onyema expressed surprise over Ukoha’s presentation.
He, however, appealed to the stakeholders to ensure the reduction of the aviation fuel prices.
“We are asking sir, that the NNPC should ensure that in the coming days to bring down aviation fuel to N200 per litre. That’s the only time we will be able to operate safely and ensure some running of the scheduled operations in this country. I don’t know how they will do it but they should, it will be good because even at N200 it’s a lot for the airlines. Not N400 or any other higher price, as we are talking now it will soon hit N700 and possibly N1,000.
“What happened in the last two weeks is alarming. From a price of N190 per litre two weeks ago, the price is now N670 as of today and we don’t know what it is going to be mater. The government has done so much for us in this industry with the president granting us waivers. We held a meeting and decided to shut down our operations because of the cost of operation. We are owing so much money and we don’t want AMCON to come after us. But we decided not to because we know the impact it will have on the economy.
“We cannot survive like this for another three days. We had to reduce our operations to 30percent because the product is not even available. So, I am surprised that the Executive Director said they have supplies to last 34 days. We are making so much sacrifice here. I am evacuating Nigerians from Poland and I had to pay three times the usual amount I am not asking for a refund. So, something needs to be done and done fast”, he said.

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Don’t Attend Nocturnal Meetings To Declare War On Rivers, Fubara Tells New CP

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Rivers State Governor, Sir Siminalayi Fubara, has advised the new Commissioner of Police posted to the State, Olugbenga Adepoju, to resist the temptation of attending nocturnal meetings that will make him declare war on Rivers people.

Rather, the Governor urged him to put the general interest of the people of the State above other considerations so that he can work to ensure that peace prevailed and there is stability.

Governor Fubara gave the advice when he received CP Olugbenga Adepoju, the 47th Commissioner of Police, Rivers State Command, on courtesy visit, at Government House in Port Harcourt, last Friday.

The Governor said: “You are not a new person in our State. You’ve been here, more especially, in charge of Operations. It then means if I start to talk about my story, it’ll connect with your activities in Operations. But I am not going to talk about my story.

“But the good thing here is, you said something that I want to really anchor on. Your duty, as it stands now, is to work with the government, work with other sister agencies to maintain law and order, protect lives and property of the people of Rivers State.

“Be apolitical, as you just read in your address. Don’t go to nocturnal meetings in people’s houses, and in the morning, you come and declare war on Rivers people. That is the only advice I will give to you.”

Governor Fubara charged the CP, who is already conversant with the Rivers State terrain and its associated security challenges, to draw up a holistic plan on how to tackle the twin problem of cultism among the youths and kidnapping incidences in boundary communities.

Governor Fubara said his administration is not failing on its responsibilities to security agencies to sufficiently address those issues and save Rivers people, adding, “But the primary duty of this team, these particular challenges are rested on the police. So, please, take this one as my own assignment (to you).

“While you are carrying out the larger assignment that your people from headquarters will send you, also make sure that you look for every way possible to reduce issues of cultism because it is affecting our secondary schools, it is affecting our primary schools with students growing to become monsters, which is also leading to other issues like kidnapping and others.

“It starts from somewhere. So, we must also get to the root and reduce it. I know we cannot totally eliminate it, but, somehow, let us look for a way to reduce it.”

Governor Fubara said the former CP to the State had succeeded because he maintained healthy synergy with the State Government, and assured that the same level of support will be provided to the new CP, if he adheres to the tenets of professionalism, stressing, “On our part as a Government, we will continue to support you to make sure you succeed. Your success here will mean more elevation for you. If you have a very bad record here, whether you like it or not, it will one day in the course of your profession, affect your growth.”

In his address, Rivers State Commissioner of Police, CP Olugbenga Adepoju, expressed profound gratitude for the opportunity given to him to serve the resilient and vibrant people of Rivers State as the 47th Commissioner of Police.

CP Adepoju said he is fully aware of the complex security challenges in the State, and is determined to do everything professionally to confront them with innovation.

He said, “We will strengthen our intelligence gathering capabilities, enhance our rapid response mechanism, and most importantly, foster deeper trust and collaboration with the community we serve. Our Command will remain firmly apolitical, standing as a neutral and impartial institution, dedicated solely to upholding law and order. This commitment is vital to maintaining the trust and confidence of the people we protect.”

CP Adepoju also said: “While we will engage constructively with political leaders and key stakeholders to secure necessary resources and support, our engagement will always be conducted with professionalism and integrity”.

Meanwhile, Governor Siminalayi Fubara, and the State Commissioner of Police, Olugbenga Adepoju, have decorated two officers in Government House with their new ranks of Deputy Superintendent of Police (DSP).

They include the Personal Security Officer to the Governor, Anthony Peter, who was recently promoted from Assistant Superintendent of Police (ASP 1) to Deputy Superintendent of Police (DSP); and Provost Marshal, Government House, John Wakama, who was also promoted from Assistant Superintendent of Police (ASP 1) to Deputy Superintendent of Police (DSP).

Both the Governor and the Commissioner of Police were assisted at the short event by the wives of the newly promoted officers.

The decoration ceremony was performed shortly after the courtesy visit to the Governor by the State Commissioner of Police at the Government House, Port Harcourt, last Friday.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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TUC Rejects VAT Hike, Urges Pro-people Tax Reforms

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The Trade Union Congress of Nigeria has opposed the proposed increase in the Value Added Tax rate, as outlined in the Federal Government’s Tax Reform Bills, warning that the move could worsen the economic hardship faced by Nigerians.

The Federal Government had proposed a phased VAT hike from the current 7.5% to 10%, 12.5%, and ultimately 15%, a move the TUC described as ill-timed and detrimental to the welfare of citizens already grappling with inflation, unemployment, and a soaring cost of living.

Speaking during a press briefing in Abuja, yesterday, following the union’s National Executive Council meeting held on November 26, 2024, TUC President Festus Osifo said maintaining the VAT rate at 7.5 per cent was crucial to safeguarding Nigerians from additional financial pressure.

“Allowing the Value Added Tax rate to remain at 7.5 per cent is in the best interest of the nation. Increasing it now would impose an additional burden on households and businesses already struggling with economic challenges,” Osifo said.

He added, “With inflation, unemployment, and the cost of living on the rise, higher taxes could stifle economic growth and erode consumer purchasing power.”

The TUC called for a review of the tax exemption threshold, urging the government to raise it from N800,000 to N2.5 million per annum to ease the financial strain on low-income earners.

“This measure would increase disposable income, stimulate economic activity, and provide relief to struggling Nigerians,” Osifo explained.

He said, “The threshold for tax exemptions should be increased to N2,500,000 per annum. This adjustment would offer much-needed relief to low-income earners, enabling them to cope with the current economic challenges.”

The TUC also expressed reservations about the proposed transfer of royalty collection from the Nigerian Upstream Petroleum Regulatory Commission to the Nigeria Revenue Service (NRS), citing risks of revenue losses and inefficiencies.

“Royalty determination and reconciliation require specialised technical expertise in oil and gas operations, which the NUPRC possesses but the NRS lacks. This shift could result in inaccurate assessments, enforcement challenges, and reduced investor confidence,” Osifo warned.

The union commended the government’s decision to retain the Tertiary Education Trust Fund and the National Agency for Science and Engineering Infrastructure, describing their roles as pivotal to the country’s education and technological advancement.

“These institutions have significantly contributed to improving tertiary education and fostering homegrown technologies. Their continued existence is vital for sustained progress in education, technology, and national development,” Osifo said.

Osifo called on the Federal Government to adopt tax policies that prioritise the welfare of citizens and promote equitable economic growth.

“As discussions on the Tax Reform Bill continue, it is our hope that the focus will remain on fostering economic growth and improving living conditions for all Nigerians,” he said.

The TUC reaffirmed its commitment to advocating for policies that enhance the well-being of Nigerians, emphasising that proactive and citizen-centred reforms reflect true leadership.

 

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Fubara Inaugurates Road Project To Celebrate Jackrich On Birthday 

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Rivers State Governor, Sir Siminalayi Fubara, has noted with delight the initiative, love and courage shown by High Chief Sobomabo Jackrich in contributing to improved road infrastructure in his community.

Governor Fubara made the commendation when he visited the country home of Amb Sobomabo Jackrich to celebrate with him on his birthday, and used the occasion to inaugurate a road project executed by the celebrant in Usokun Town in Degema Local Government Area.

Amb Sobomabo Jackrich, also known as Egberepapa, is a prominent Niger Delta leader and National Chairman of Simplicity Movement.

Governor Fubara said the road project, solely funded and completed by the celebrant, shows how committed he is to making life better for residents in his community.

The Governor said: “Let me on behalf of the guests that are here to celebrate with our brother, not really an official engagement, but on a personal note, also share a wonderful moment with our people.

“Our celebrant is not just celebrating his birthday, but he is also giving back to the society. So, I join him and all well-meaning people that believe in his course to commission this project that he has embarked on in his own accord for the betterment of his people.

“I want to say that with what I am seeing here, there may be a few things that we can also do to make this project more meaningful to the people in terms of streetlights. On our own, we are going to support him to complete it.”

Governor Fubara, who also joined the celebrant to cut the birthday cake, prayed for strength and longevity for the celebrant.

 

 

 

 

 

 

 

 

 

 

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