The fuel supply situation in the country took a turn for the worse on Tuesday as queues of desperate motorists grew longer at many petrol stations selling Premium Motor Spirit, also known as petrol, in Lagos, Ogun, Kwara and other states of the federation, including the Federal Capital Territory.
Fuel queues, which started emerging in some parts of the country on Monday after more than a year of relief from scarcity of petroleum products in the country, were seen spilling onto some roads in Lagos and Ogun states on Tuesday and caused gridlock.
The PUNCH gathered that many depots in Apapa did not have petroleum products on Tuesday, while the few with products recorded low activities.
The ex-depot prices charged by the depots for PMS ranged from N139 to N143 per litre, compared to the official ex-depot price of N133.28.
Motorists and other consumers of petrol complained about the latest round of fuel scarcity, alleging that it might be a ploy to increase the pump price of the product.
They also wondered why the latest crisis was happening at a time Nigerians were preparing for the Christmas and New Year festivities.
Motorists spilled onto major roads like Ikorodu Road, Agege Motor Road, Lagos-Abeokuta Expressway and Lagos-Ibadan Expressway.
Some were seen fighting to get to the pumps, while fuel attendants and ‘area boys’ made brisk business from desperate motorists who wanted to jump the queues so as to be serve quickly. At a filling station in Ogba, the attendants who manned the gates collected N1,000 from each motorist before allowing them inside.
The association alleged that the NNPC was also frustrating its members by reneging on the bulk purchase agreement it signed with them to supply the product at N133.28 per litre.
The Executive Secretary, Depot and Petroleum Products Marketers Association, Mr. Olufemi Adewole, said the increase in price of crude oil had led a corresponding rise in the prices of refined products.
He said, “It is only the NNPC that is bringing products in; we also noticed a supply gap in what they brought in. It wasn’t enough at a particular time and the result is what we are seeing today.
“But they have also equally assured us that they have enough stock and that they are expecting vessels to come in; our members have paid for PFI (pro-forma invoices) for PMS. So, once the NNPC cargoes come in, we will receive the product and sell to Nigerians.”
Asked why marketers were not importing, Adewole said, “Landing cost of PMS today has increased. By the time we land the product based on the international crude oil prices, petrol should be selling for about N165-N170 per litre. But the government is saying we should sell at N145. So, if there is no subsidy, we have to depend on the NNPC to give us the product.”
A top official at one of the depots in Lagos, who spoke on condition of anonymity, said the supply dislocations would take days to disappear.
He said, “We are still doing skeletal loading; no depot wants to be out of stock completely because it is not good for business. As of today (Tuesday), there is no vessel dispending PMS from the Apapa jetty, except the one in Oando SPM.
“Marketers are still being owed 2016 subsidy claims. No sane marketer can put his money down now to import petrol. Nobody is talking about when the subsidy arrears would be paid; so everybody has to rely on the NNPC. Also, the landing cost of petrol has increased.”
The Group Managing Director of NNPC, Maikanti Baru, stated that the situation was due to panic buying, adding that the corporation was doing everything within its reach to address the matter.
He was quoted in a statement issued on Tuesday by the corporation’s spokesperson, Ndu Ughamadu, as saying, “For the umpteenth time, I wish to call on all Nigerians to stop panic buying. We have said times without number that the NNPC has sufficient products to cater for the needs of all consumers.”
Worried by the development, the Senate on Tuesday summoned the NNPC GMD to appear before its Committee on Petroleum Resources (Downstream) on Thursday over the rising scarcity of PMS across the country.
Baru failed to appear before the committee on Tuesday, leading to the rescheduling of the meeting during which he would be expected to explain the reasons for the scarcity.
The Chairman of committee, Senator Kabiru Marafa, while briefing journalists in Abuja, said plans had also been concluded to commence nationwide inspection of filling stations over the looming fuel crisis.
P+ Measurement extends partnership with Global Communications Agency
Media monitoring and evaluation agency, P+ Measurement Services has announced an extension of its media monitoring and evaluation partnership with global communications firm, Burness Communications for 2019. The extension will enable P+ to continue providing print, online, TV and radio monitoring and evaluation services to Burness in the Ghana market.
In a bid to continue the successful rollout of the partnership signed in 2017, P+ will continue to handle Burness Communications client public relations monitoring and evaluation activity while supporting their organizations objectives. Burness Communications specializes in advocacy campaigns, media relations, public policy engagement and event planning and P+ will help the brand maximize its communications objectives by providing real-time, high-quality media monitoring and evaluation services.
Speaking about the partnership extension, Lead Consultant P+ measurement services Nigeria, Philip Odiakose said. “We are delighted to extend what has been an excellent partnership with Burness Communications to improve the availability of reliable, cost-effective media monitoring services across Africa. The media monitoring and evaluation market is a growing market and with the right frameworks and experts in place we believe we are on the right path to redefining the market with quantitative and qualitative analysis that adds value to marketing communications.“
“As we said at the start of this partnership, it remains true that the media monitoring and analytics market offers huge potentials to stakeholders. With the right partners providing support in the areas of media planning, analytics and reporting we believe we can help our clients make a difference in their business”. He continued.
Nigeria’s fast-growing media intelligence agency P+ Measurement Services continues to spur a PR measurement and evaluation literacy campaign for brands and government agencies in a bid to standardize a procedure that enables stakeholders to understand that implementing the right measurement and evaluation program will help companies get a clearer understanding of consumer habits and sentiment toward brand products and services.
FMBN disburses N114.5m home renovation loan to 139 beneficiaries in Yobe
The Coordinator, Federal Mortgage Bank of Nigeria, in Yobe, Abdu Goni, has said the bank has disbursed N114,500,000.00 as home renovation loan to 139 staff of Federal Medical Centre, Nguru.
The coordinator disclosed this yesterday while presenting cheques to the beneficiaries in Damaturu.
He said the loan, which is under the bank’s Home Renovation Loan scheme, followed a Memorandum of Understanding MoU) signed with their employers.
Goni explained that the loan has six percent interest rate and is repayable in five years.
“Already federal government employees in 35 states of the federation and the FCT have benefited with exception of Yobe state.
“Contributors can borrow from one naira up to N1 million to renovate their homes. We solicit Yobe state government’s cooperation and understanding toward assisting and encouraging the employees who are contributing to the NHF scheme to also benefit from this window,” he appealed.
He commended the administration of governor Gaidam for according priority to welfare of its workers in terms of prompt payment of salary and gratuity and allocation of houses on owner-occupier basis.
Earlier, the special guest of honour, Governor Ibrahim Gaidam, who was represented by Permanent Secretary, Establishment, Bukar Dapchi said the government would look into the issues raised with a view to assisting its workers benefit from the loan.
PDP alleges plots to arrest Atiku, Obi, Saraki, Dogara
PEOPLE’S Democratic Party (PDP) National Chairman Prince Uche Secondus has raised the alarm, alleging plots by the Economic and Financial Crimes Commission (EFCC) to arrest some key leaders of the opposition party on trump up charges.
Secondus listed the PDP presidential candidate, Atiku Abubakar; his running mate, Peter Obi; Senate President Bukola Saraki and House of Representatives Speaker Yakubu Dogara and the party’s other leaders as some of those marked for arrest.
But, the Presidency denied the reports claiming that the Buhari-led government ordered raid on the home of PDP presidential candidate’s son and the alleged blockage of the Obi’s bank accounts and his family.
A statement by the Senior Special Assistant on Media and Publicity, Garba Shehu, said the reports are manifestation of the PDP’s growing expertise in fake news.
He called on the public to disregard the reports.
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