FG FINALLY RELEASES PETROL TO INDEPENDENT MARKETERS.

The Federal Government has commenced the release of Premium Motor Spirit (PMS) known as petrol to Independent Petroleum Marketers Association of Nigeria (IPMAN).
Information on the release was contained in a statement issued by Lawson Ngoa, the Secretary, IPMAN Reconciliation Committee, on Sunday in Abuja.
It would be recalled that the Minister of State for Petroleum Resources, Dr Ibe kachikwu, constituted a 14-man committee to resolve IPMAN crisis and to ensure end to fuel scarcity in the country.
The statement quoted the committee secretary as saying the release of the product was part of efforts to settle the 7,000 pending loading tickets of IPMAN.
He stated that some marketers had confirmed that they started loading the products from some depots in Lagos as a result of the efforts of the Committee.
He noted that IPMAN controlled over 80 per cent of the petroleum products’ retail outlets in the country and that members were not getting products from the Nigerian National Petroleum Corporation (NNPC) due to internal leadership crisis since last two years.
Ngoa said the Committee had taken steps to ensure that products were available all over the country.
He thanked Nigerians for the patience and understanding during difficult period and assured that with the support of the minister of petroleum resources and his team, the scarcity would soon be over.
He further called on stakeholders to shun unnecessary rancor and join hands with the Committee to restore peace and normalcy in petroleum distribution.

Comments

The story of how Nigeria’s census figures became weaponized - Feyi Fawehinmi

By Feyi Fawehinmi The story of Nigeria’s 1962 census never gets old. Southern politicians seeking to end the north’s dominance of Nigerian politics decided that the only way to do it was through the census. Population figures at the time determined not only parliamentary representation but also revenue allocation and employee distribution in the civil service. In May 1962, the first census under an independent Nigerian government began. There had been a frenzy of mobilization by politicians in the south of the country using pamphlets, radio, schools, churches and mosques. Although the final results were not made public, the preliminary results were quite clear as to what had happened: the north’s population had gone up from 16.5 million in the last census in 1952 to 22.5 million, an increase of 30%. But in some parts of the east, the population had increased by up to 200% and more than 70% in general. The west also reported an increase of 70%. What the preliminary results showed...

FG borrows N3.38bn To Aid Potato Production in Plateau

The Federal Executive Council (FEC) wednesday approved N3.38 billion to boost the production of potatoes in Plateau State. The Minister of Finance, Mrs. Kemi Adeosun, who made the disclosure said the money would be borrowed from Agricultural Development Bank (ADB) with one per cent interest rate and 25 years moratorium. The minister who said the loan was not fresh, explained that it had previously been cancelled by the federal government with the intention to make a fresh request for the loan on behalf of Plateau State which she said was responsible for 95 per cent of potato production in the country. According to her, following ADB’s comprehensive programme on potato production in Plateau State, 100,000 families and 17 local government areas of Plateau State would benefit from the loan while 60,000 jobs would be created by the initiative. “My approval was on behalf of Plateau State to support the potato value chain. There is a loan that we had previously cancelled from ...

Buhari's Economic Blueprint Does Not Address Nigerians' Need - Bill Gates

Sahara Reporters The present economic templates being used by the Muhammadu Buhari government do not have the ability to address the unique needs of Nigerians at present, American business magnate, Bill Gates, has said. The philanthropist and founder of Microsoft corporation however said Nigeria has the ability to approach ‘upper middle-income status’ like Brazil, China and Mexico, but added that achieving this status depends on ”the choice Nigerian leaders make”. Mr. Gates, at the special and expanded National Economic Council, held in Abuja on Thursday tasked Nigerian leaders to sincerely invest in not just infrastructural development but also human investment. The theme of the meeting was “Role of human capital investment in supporting pro-poor and economic growth agenda”. The investor said though Nigeria is rapidly approaching upper- middle income status, the country has ”unmatched economic potential and what becomes of that potential depends on the choice Nigerian ...

ATTENCAO

Search This Blog