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Kerosene Scacrity: NNPC Allocates 542m Litres To Marketers …IPMAN Forms Monitoring C’ttee
As the scarcity and high cost of kerosene persists in the country, the Nigerian National Petroleum Corporation (NNPC) said it has allocated more than 542 million litres of kerosene (DPK) to oil marketers between January and June, in its bid to end kerosene scarcity in the country.
The figure is contained in the allocation records made available to newsmen yesterday in Abuja.
The records showed that the allocation was made to the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Oil Marketers Association of Nigeria (MOMAN).
Our correspondent reports that allocation to the marketers was done mainly through coastal allocation and loading from the NNPC depots in the country.
The breakdown showed that IPMAN received 42.7 million litres from coastal allocation, while MOMAN received 61 millions litres representing 41.18 per cent and 58.82 per cent respectively.
Of the 42.7 million litres allocated to IPMAN, 24.4 million litres were allocated in the first quarter, while MOMAN got 12.2 million of its 61 million litres coastal allocation during the same period.
The records also showed that there was no coastal allocation for both marketers for the month of April.
For the months of May and June, IPMAN got 18.3 million litres coastal allocation, while MOMAN got 48.8 million.
The records indicated that loading from the NNPC depots from January to June revealed that IPMAN was allocated 241.07 million litres and MOMAN got 124.20 million litres.
The figures represented 66 per cent for IPMAN and 34 per cent for MOMAN in the period under consideration.
Of the 241.075 million litres loaded from the NNPC depots, IPMAN loaded 144.83 million litres in the first quarter, while MOMAN loaded 83.16 million litres in the same period.
For the month of May and June, IPMAN loaded 86.25 million litres of DPK from NNPC depots while MOMAN loaded 41.04 million litres.
The records also revealed that IPMAN was further allocated 73.32 million litres of DPK through the Nigerian Independent Petroleum Company (NIPCO Plc), a private depot in Lagos between January and June.
The records, however, indicated that there was no allocation of the product through NIPCO to IPMAN in January and March.
The grand total allocation for both marketers from January to June showed that IPMAN had 357.09 million litres of DPK while MOMAM had 185.20 million litres.
The figures represented 65.85 per cent and 34.15 per cent of the product to IPMAN and MOMAM respectively.
Our correspondent reports that there had been a lot of controversies and discrepancies in the recent past between oil marketers and the NNPC on the actual allocation to each group.
Our investigations revealed that these discrepancies and blame game had led to the continued scarcity of the product with each party accusing the other of insincerity.
IPMAN had accused NNPC of preferential treatment in favour of MOMAN, a claim which NNPC had since denied.
Meanwhile, Port Harcourt zonal chairman of the National Union of Petroleum and Natural Gas Workers (NUPENG), Comrade Godwin Eruba, has accused NNPC of being responsible for the scarcity of the product.
Comrade Eruba who stated this in an exclusive interview with The Tide in Port Harcourt explained that if there was scarcity of the product, NNPC should be blamed for the development.
According to him, NNPC was the only authorised body to import kerosene while others import premium motor spirit popularly called petrol.
He said that if NNPC did not have enough product, it should find excuse as to cover its inefficiency and inability to provide product to Nigerians.
“Look at the Port Harcourt depot for instance, it is electricity that is the excuse. Instead of loading 5,000 litres, the NNPC is loading only 2,000 litres with the excuse that these is no light to load enough products,” he explained.
The NUPENG boss also faulted the claim of NNPC that major oil marketers Association of Nigeria (MOMAN) distributed 30,000 metric tonnes of kerosene to their retail outlets across the country, adding that the claim was a far cry from the true position of things in the industry.
Comrade Eruba said that the refusal of NNPC to allocate the product to the Independent Petroleum Marketers Association of Nigeria (IPMAN) whom he said were key players in the industry with their filling stations across the country was traceable for the epileptic and haphazard distribution of the product.
The head of Directorate of Petroleum Resources (DPR) Surveillance team, Engr Kelfy Braide said that the directorate was committed towards ensuring that the products lifted from the depots get to their destination and the end users.
He urged filling station operators to be humane in their operations, adding that there was no sense in hoarding or selling at exorbitant price when the masses were in need of the product.
In reaction to the allocation by the NNPC, the Independent Petroleum Marketers Association of Nigeria (IPMAN), says it has setup a 22-man committee to oversee allocation of petroleum products from the Nigerian National Petroleum Corporation (NNPC).
Mr Mike Osatuyi, National Secretary of IPMAN, told our correspondent Wednesday in Lagos that the committee was inaugurated on Tuesday.
Our correspondent reports that IPMAN had complained of inadequate allocation of petroleum products to its members by the Pipelines Products Marketing Company (PPMC) and NNPC.
The committee is headed by Mr Chinedu Okoronkwo, who has been empowered by the National Executive Committee of IPMAN to take charge of products allocation.
Osatuyi said that the committee was mandated to report its findings and solutions to the lingering crisis over products allocations to the association’s secretariat.
He urged the NNPC and PPMCto accord priority to IPMAN members in the allocation of kerosene to address the lingering scarcity of the product.
The IPMAN secretary said that that the earlier attempt by NNPC to distribute the product through IPMAN members was disrupted.
He said that it was clear that NNPC and PPMC were allocating insufficient products to its members as it was in the case of kerosene allocation.
“NNPC should go back to the modality used in 2009 for petroleum allocation in which IPMAN got 76 per cent while major marketers got 24 per cent.
“Government should treat IPMAN well in terms of products allocation because we are large in number and have the largest retail outlets across the country,’’ he said.
News
Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
News
FG Laments Low Patronage Of Made-In-Nigeria Products

A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
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Nigeria Seeks Return To JP Morgan Bond Index
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.
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