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NNPC Pays N.8bn Subsidy Daily Due To Smuggling – Baru |The Republican News

NNPC pays N774m subsidy daily because of smugglers, Baru claims
By Editor

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has claimed that the corporation is currently incurring an under-recovery (another term for subsidy) of N774 million daily.

He blamed the development on dubious activities of those who smuggle the product to neighbouring countries, which have increased fuel consumption in Nigeria to 50 million litres per day.

Under-recovery in clear terms means that NNPC is paying the cost of the differential between the official pump price of petrol and the actual cost of it.

A statement released by the corporation in Abuja quoted Baru as making this claim when he led top management team of the NNPC on a visit to the Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (Retd).

Baru during the visit maintained that the activities of the smugglers had resulted in the recent abnormal surge in the evacuation of petrol from less than 35 million litres per day to more than 60 million litres per day.

The NNPC GMD, who said that the development was in sharp contrast to established national consumption pattern, also raised an alarm on the proliferation of fuel stations in communities with international land and coastal borders across the country, insisting that the development had energized unprecedented cross-border smuggling of petrol to neighbouring countries, making it difficult to sanitise the fuel supply and distribution matrix in the country.

According to Baru, a thorough study conducted by the NNPC showed a strong correlation between the presence of the frontier stations and the activities of fuel smuggling syndicates.

Providing a detailed presentation of the findings, Baru hinted that 16 states, having among them 61 local government areas with border communities, account for 2,201 registered fuel stations, and that the stations had a combined capacity of 144.998 million litres of petrol, about four times more than Nigeria’s average fuel consumption of 35 million litres daily.

The NNPC boss further stated that because of the obvious differential in petrol price between Nigeria and other neighbouring countries, it had become lucrative for the smugglers to use the frontier stations as a veritable conduit for the smuggling of products across the border.

This he said, had led to a thriving market for Nigerian petrol in all the neighbouring countries of Niger Republic, Benin Republic, Cameroun, Chad and Togo and even Ghana which has no direct borders with Nigeria.

He said, “NNPC is concerned that continued cross-border smuggling of petrol will deny Nigerians the benefit of the Federal Government’s benevolence of keeping a fix retail price of N145 per litre, despite the increase in PMS open market price above N171 per litre.”

In his response, Ali assured that the Customs would work with the NNPC to stop the cross-border smuggling of petroleum products.

Adding that all hands must be on deck to ensure the economic survival of the country. (Ripples Nigeria)

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Gov. Fayose Begins, Supervises Sale Of Gov’t Fuel To Ekiti Residents |RN

From Wole Balogun, Adorable Ekiti and Clement Adeyi, Osogbo

Ekiti State Governor, Ayodele Fayose, yesterday made good his promise to sell 80 percent of government house fuel to residents of the state at official price of N145. 

He personally supervised the commencement of the selling of the product at Alade Filling Station in Ado-Ekiti, the state capital. 

The governor, again accused the All Progressives Congress (APC)-led Federal Government of deliberately using fuel scarcity to browbeat Nigerians into accepting increase pump price.

He said though the Federal Government intends to increase the pump price, but it didn’t know how to go about it.

Fayose said he decided to sell government petrol to people at control price to alleviate their suffering.

“This is the sacrifice we have to make as a responsible government to alleviate the suffering of the people, because this is a black Christmas.

“It is time for Nigerians to take me seriously that the federal government wants to increase the pump price. Ordinarily, the N145 is too much for the people not to talk of increasing it. Today, I tell you that there is queue even at black market.

“This is also why I decided not to be part of the $1 billion Boko Haram funds because our needs vary. Not until Nigeria is run like a federation, we will only be wasting our time. People must decide the way forward for Nigeria.

“I have said it before that 2019 is an opportunity for Nigerians to make a choice, either to change the change or to continue this suffering,” he said.

Meanwhile, Osun State Governor, Rauf Aregbesola, has called on fuel marketers to stop hoarding, profiteering and other unethical practices capable of making life more difficult for the residents of the state.

The governor also charged law enforcement agencies, particularly the police, Civil Defence Corps and the Federal Road Safety Corps (FRSC) to take charge of fuel stations that are dispensing fuel to checkmate unruly and disorderly public conducts capable of disrupting free traffic flow.

In a statement yesterday by his Media Adviser, Sola Fasure, the governor urged residents and managers of fillings stations where fuel is available to be orderly and peaceful. 

He insisted that there should not be more than a single lane of vehicles on the queue to prevent traffic congestion and accidents, noting that on no account must any road be blocked or made impassable as a result of fuel queue. 

The governor added that filling stations must observe all safety rules to prevent accidents and fire outbreaks.   (The Sun)

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Rumours Of Price Hikes, Union Strike Behind Fuel Crisis – FG |The Republican News

The Buhari administration has come out with an official report stating the causes of and actions being taken to address the ongoing fuel crisis that has disrupted much of the country for the last couple of days.

In a Fact Sheet released to media, the federal government pointed to the initial fuel shortages as being “caused by rumours of price increases, leading to hoarding and diversion by marketers, and panic buying by citizens.” It also lay the blame on the industry union, PENGASSAN, strike action, which exacerbated the crisis.

Minister of State for Petroleum Resources, Ibe Kachikwu, said in a statement that the challenge was “a reminder that we can do more and we are committed to doing more. I empathize with every Nigerian.”

The President, in a statement on December 24, had said that “relevant agencies will continue to provide updates on the situation…” And it now appears that indeed action is being taken on a number of fronts by the NNPC, following the Group MD’s briefings with the President on Saturday, December 23.

The administration highlighted the following interventions it has initiated:

  • Activating a so-called ‘Fuel War Room’ (FWR) to “coordinate all intervention activities for Supply & Distribution (S&D) of petrol nationwide.”
  • 24-hour loading operations at all NNPC depots and mega stations across the country; an order that also extends to all major oil marketers.
  • National Truck-out capacity increased to an average of 1,500 trucks per day, amounting to 52 million litres per day.
  • Sanctions on marketers hoarding or selling fuel above government-regulated price of N145/litre

NNPC has indicated that “13 vessels containing more than 650 million litres of products are currently discharging petrol, while additional vessels have been lined up to berth [for] early January 2018,” according to the administration’s Press Office.

It is, however, not clear if these measures have had any measurable impact on the situation on ground, or is enough to deter black market operators from exploiting the crisis, as has been the case for a number of days.  (The Sun)

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Nigerians Celebrating Worst Christmas Ever – PDP |The Republican News

Fuel-scarcity1

Fuel scarcity: queue at filling station

Olusola Fabiyi, Abuja

The Peoples Democratic Party has described this year’s Christmas as the worst to be celebrated by Nigerians.

The party, however, called on Nigerians not to despair but to use the occasion to show love, care and encourage one another regardless of religious, ethnic and political inclinations.

The party said it was disheartening that Nigerians could not merrily celebrate the Yuletide due to the current biting economic hardship worsened by the acute fuel shortage, all due to the alleged shambolic policies, sheer incompetence and gross insensitivity of the All Progressives Congress-led Federal Government.

PDP National Publicity Secretary, Kola Ologbondiyan, in a statement in Abuja on Sunday, described the nation’s economic situation as a national embarrassment which cannot be glossed with deceit, lies and propaganda, urging Nigerians to overcome this very sordid situation by rallying around one another in true love as epitomized in the birth and teachings of the Lord Jesus Christ.

He said, “Indeed, this is the worst Yuletide ever. There is no way one can sugarcoat the fact that the anguish Nigerians face today is because of the incompetence of the APC Government, which has also amply demonstrated that it does not care about the welfare and happiness of the citizens.

“Our country’s economic situation has astronomically gone from bad to worse in the last two years and painfully, there is no hope in sight under this APC regime.

“As we speak, many families are completely stranded; many more can no longer afford their basic needs.

“Nigerians have become ravaged by economic hardship because the APC-led Federal Government has abandoned them and refused to channel the abundant resources available in the nation for the good of the people. Instead, they are heartlessly diverting such resources for their selfish political purposes while the people suffer.

“These horrendous realities imposed on us by the APC notwithstanding, we must not become despondent. ”

Nevertheless, he said that the Christmas season presents Nigerians very strong lessons in hope and their collective triumph over adverse situations as exemplified in the birth and teachings of the Lord Jesus Christ.

He also called on Nigerians to join hands with the main opposition party to rescue the country in 2019.

According to him, “Now that it has become manifest, even by their speeches this season, that those who promised Nigerians El Dorado do not have the littlest capacity to fulfil the smallest of their promises, we as a people must not also abandon ourselves.

“We must, therefore, rise above all divisive ethnic, religious and political considerations and make this season merry by helping and encouraging one another in love.

“The ugly situation we all confront today as a people must, therefore, serve as the catalyst for a prosperous tomorrow as Nigerians join hands with the PDP to restore our dear nation to the path of good governance and national prosperity come 2019”.

Ologbodiyan further urged Nigerians to use this period to pray for the prosperity and unity of the nation.   (Punch)

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Fuel Scarcity: Tuface Calls For Protest, But Nigerians Shut Him Down |RN

TuFace-Idibia

Music Artist, Tuface Idibia

As Nigerians groan under a biting shortage of petrol, Nigerian artiste, Innocent Idibia, better known as Tuface or 2baba on Saturday called for a protest against filling stations selling petroleum products at unofficial prices.
“Make we start campaign say make dem shut down any filling station wey no dey sell petrol normal”, the African Queen crooner wrote on his official twitter handle.
This call however did not go down well with some Nigerians who are yet to forget how Tuface backed down on a similar protest he called for months ago.
A few Nigerians then believed then that he was browbeaten by top ranking security operatives to call off the protest.
“The one you will back down at the dying minute abi? Bros just drink water and mind your business”, a twitter user, Emeka Uduma wrote.
“Don’t start what you won’t finish”, another twitter user said.
“Coward like you, abeg park well”, William Kayode said.
“You again? 2face is a man known for jumping fence where it is very low…”, a user said.
“I just hope you won’t change your mind this time”, Onakunle Olayemi said.
In February, Tuface was to lead nationwide demonstrations against the harsh economic crisis facing Nigerians but announced its cancellation hours before the scheduled march.
He cited “security concerns” after police warned him against going ahead with the demonstrations.
The protests, led by civil society groups and activists went on nonetheless in Lagos, Abuja and Uyo.
Meanwhile the fuel scarcity has continued unabated in parts of the country, less than 48 hours to Christmas.
The scarcity has seen pump prices skyrocket from N145 maximum approved price per litre to as much as N400 at the black market.
Despite the glaring fuel crisis, Nigeria’s ruling party, the All Progressive Congress, APC said the product is available in abundance.
“There’s no ‘actual scarcity’,” the APC said in a statement on Twitter Friday afternoon to an astounded populace already groaning under the burden of lack of the essential product.     (Premium Times)

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Fuel Scarcity Deliberate Attempt By President Buhari To Impoverish The Igbo – Ohanaeze

Nnia-Nwodo-Ohanaeze

By Ebere Chukwu

The President General of Ohanaeze Ndigbo, Chief John Nwodo, has stated the current fuel shortage in the country was a deliberate attempt by the current administration to impoverish Igbo people.
He also stated that the policies of the President Muhammadu Buhari-led administration do not in any way favour sons and daughters of Igbo land.
Nwodo said the fuel scarcity was to ensure that whatever Igbos living outside brought to Igboland would be expended on fuel.

He called on Ndigbo to never forget to bring back their wealth to the homeland.
He said this in his Christmas message, adding that the period provides good opportunity for Ndigbo to pray more to God to send succor to alleviate their sufferings in the country.

He said, “They know that at this period in the year Ndigbo travel a lot to their homeland, that’s when the government chose to close our airport, that’s when they allow fuel shortage to take place, this is very unfair and insensitive.

“It’s a deliberate policy of impoverishing our people to ensure that whatever wealth our sons and daughters bring home during Christmas is expended on the obvious effect of fuel shortage and none for investment.

“The proceeding events in the country especially as it relates to Ndigbo since this administration came to power underscores the imperatives for our people to think home with their wealth,” Nwodo added.

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