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Queues still plenty! |
PRESS STATEMENT We had lately refrained from engaging in media fights, but we are constrained to respond to the recent misinformation being circulated by IPMAN, PETROAN, and other associations. Both organisations claim that they can import PMS at lower prices than what is being sold by the Dangote Refinery. We benchmark our prices against international prices, and we believe our prices are competitive relative to the price of imports. If anyone claims they can land PMS at a price cheaper than what we are selling, then they are importing substandard products and conniving with international traders to dump low quality products into the country, without concern for the health of Nigerians or the longevity of their vehicles. Unfortunately, the regulator (NMDPRA) does not even have laboratory facilities which can be used to detect substandard products when imported into the country. Post deregulation, NNPC set the pace by selling PMS to domestic marketers at N971 per litre for sale into ships and at N990 for sale into trucks. This set the benchmark for our pricing, and we have even gone lower to sell at N960 per litre for sale into ships while maintaining N990 per litre for sale into trucks. In good faith, and in the interest of the country, we commenced sales at these prices without clarity on the exchange rate that we will use to pay for the crude purchased. At the same time, an international trading company has recently hired a depot facility next to the Dangote Refinery, with the objective of using it to blend substandard products that will be dumped into the market to compete with Dangote Refinery's higher quality production. This is detrimental to the growth of domestic refining in Nigeria. We should point out that it is not unusual for countries to protect their domestic industries in order to provide jobs and grow the economy. For example, the US and Europe have had to impose high tariffs on EVs and microchips in order to protect their domestic industries. While we continue with our determination to provide affordable, good quality, domestically refined petroleum product in Nigeria, we call on the public to disregard the deliberate disinformation being circulated by agents of people who prefer for us to continue to export jobs and import poverty. Anthony Chiejina Group Chief Branding and Communications Officer 3rd November, 2024
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iwaeda:This is serious! |
Nigeria is doddering on the edge of never-before-seen economic desolation, but President Bola Ahmed Tinubu administration’s major preoccupation is not to bring ministration to a badly hurting nation but to prosecute harmless, impoverished, malnourished, and undernourished minors of northern Nigerian origin who, months ago, joined millions of Nigerians to protest for their right to a life without crippling poverty and fear, for which the only reply from the state has been detention and starvation. Yesterday social media platforms were suffused with piteous, nerve-wracking videos and photos of four malnourished minors—kids in their early teens whose bones bear witness to weeks in captivity—who collapsed in a courtroom in Abuja. Their fragile, pity-inducing bodies provide evidence of the brutal conditions they’ve endured in jail. It was an unmitigated scandal, a total embarrassment, a tear-jerking spectacle. What intolerably rank insanity is this? What halfway sensible government would arrest, imprison, and then publicly try its underage children just because they stood against the unendurable economic tyranny that has pushed millions of Nigerians into incalculable torment? These children didn’t rise up in protest because they were troublemakers. They rose because they were hungry. They saw, in their communities, a growing tide of desperation and despair brought about by a series of misguided neoliberal policies that have squeezed every last drop of dignity from their lives. The #EndBadGovernance protest was not an act of rebellion for the sake of anarchy, or for the overthrow of the Tinubu administration. It was a scream for survival in a country that has turned a deaf ear to its poorest, youngest, most vulnerable citizens. The children joined the protest, not because they were instigators, but because they are the victims of policies that have crushed them and their parents. Now, Tinubu is prosecuting these poor children’s audacity to feel hunger, their nerve to protest against it, and their courage to ask for a better future. Yes, young Nigerians, weakened by malnutrition, denuded of hope by unceasingly mounting prices, and drained by the unyielding fear that Nigeria’s streets are now safer than its government, are being hauled into court as though they were hard-boiled criminals. There is no parallel for this that I can recall in Nigeria in my lifetime. How hollow must we be, as a society, to accept that the government’s solution to rising dissent and desperation is to prosecute the youth it has left to wither? This is not governance; this is a callous persecution masquerading as law and order. The logic is Kafkaesque: punish the hungry, hush up the desperate, and maybe, just maybe, the problem will go away. But hunger and despair don’t disappear when you throw a child in jail. Poverty doesn’t vanish when you suppress a protest. The anger and frustration simmer, unaddressed, until they spill over. I couldn’t hold back tears at the sight of four minors, weak from hunger, fainting as they were called to stand trial. It’s a sight that would shame even the most despotic regimes. Here were young Nigerians, handcuffed by a state that refuses to feed, clothe, or educate them, collapsing before their accusers as if in silent protest, their very bodies speaking louder than any courtroom defense ever could. Even lawyers and court officials, perhaps briefly awakened from the stupor of compliance, rushed to assist them. But as the immediate shock subsided, what remained was an undeniable truth: Nigeria’s youth are being starved, punished, and brought to the brink, not for crimes, but for demanding their right to survive in a country that fails them at every turn. At the heart of this blot on Nigeria’s escutcheon is a government that seems more beholden to the dictates of the International Monetary Fund and the World Bank than to the needs of its own people. President Bola Tinubu’s administration has followed the familiar playbook of austerity and subsidy removal, but without the slightest regard for the human cost. Inflation is climbing, prices are soaring, the naira is plunging, hope is walking away, and the nation is dying. Families cannot afford basic sustenance, the middle class is disappearing, the poor are being crushed beyond the bounds of tolerance, and the nation’s youth, who see no future in the darkening landscape, are told to keep silent or face untoward consequences. These poor, hapless children are not the problem. The government’s own policies are the problem. As I have pointed out repeatedly in multiple columns, the unbending loyalty to IMF austerity measures and “economic reforms” that do nothing but deepen poverty and widen the gulf between the haves and have-nots are the problem. So why are these policies, and those who enforce them, not on trial instead? Why are the architects of this economic catastrophe not being called to account for the collapse of hope and opportunity? The prosecution’s temporary suspension of the trial of the four minors, after the children slumped in the courtroom, is not mercy; it is an insult. A government that detains minors for protesting unexampled economic adversity has already lost the moral high ground. The temporary reprieve is nothing more than a bureaucratic sleight of hand, a way to postpone the embarrassment without addressing the real atrocity: the inhumane treatment of minors for daring to stand up against systemic injustice. In a twist of poetic irony, the administration’s heavy-handed tactics reveal a fearful truth: the voices of Nigeria’s youth are a threat to the powerful. It is their courage, their unyielding desire for a better future, that sends tremors through the halls of power. Instead of seeing in these children a spark of hope, a chance for renewal, the government has chosen to crush that spirit. These young people are Nigeria’s conscience, and by silencing them, the state only exposes the depths of its own desperation and degeneration. Where is the humanity, the leadership, the understanding that a nation's youth are its most precious resource? The Tinubu government must immediately end this untenably appalling charade of prosecuting minors who have the misfortune of being born in desperately poor homes. It should release these children to their families forthwith. What the kids need is food, opportunity, and security, not prosecution. They are the voices of a generation calling out for empathy, action, and understanding, not retribution. Their cries are not a threat; they are a call to conscience, a summons to a government that has seemingly lost its way in the maze of worthless economic jargon and self-created fiscal constraints. Let the children heal and live free of the fear that their hunger and hardship will be met with chains. The government must prioritize people over inhuman policies dictated by distant, no-good, vampiric financial institutions in Washington. It must recognize that these policies have consequences, consequences borne not by politicians and their cronies but by millions of Nigerians who struggle daily to survive. For every child in that courtroom, for every young voice silenced by detention, Nigeria loses a part of its soul. Let this be a warning to those in power: the future is watching, and history will remember which leaders chose compassion over cruelty, justice over vengeance. Because if a nation’s children cannot protest peacefully without fear of reprisal, if their hunger is not a call to action but an excuse for punishment, then the government itself stands on trial—and it is failing spectacularly. https://www.farooqkperogi.com/2024/11/tinubus-tragic-trial-of-nigerias |
Bournemouth vs Manchester City 02-11-2024 4pm |
The Nigerian Ports Authority said that seven ships would berth with crude oil on Friday at the Lagos ports.https://punchng.com/seven-vessels-to-arrive-with-petrol-crude-oil-others-npa/ NAN.
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Nlfpmod, IMF destroying Africa nations! |
The International Monetary Fund (IMF) says it stands by its advice to Nigeria to remove petrol subsidy and float the exchange rate.https://dailytrust.com/petrol-subsidy-floating-of-naira-we-stand-by-our-advice-to-fg-imf/
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FG, SG and LG Wake up! |
Nawa4nl:Nigeria factor and village people! |
iwaeda:How can training be training. Our military must reclaim! |
Nlfpmod! |
Niger State House of Assembly has raised the alarm over take over and occupation of one of the biggest military training camps in Nigeria by terrorists saying the gunmen have also chased away about 23 farming communities within the area.https://ait.live/terrorists-take-over-nigerias-largest-military-training-camp-in-niger-state/
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Kaduna—Yesterday, the 19 Northern governors said the #End Bad Governance protests in August were a wake-up call for all Northern leaders. Youth restiveness is a growing concern, driven by illiteracy, poverty, and a lack of economic opportunities. Chairman Northern States Governors’ Forum, NSGF and Governor Muhammadu Yahaya of Gombe State, who spoke in Kaduna, said “Our young people are calling out for change, and it is our responsibility to listen and act. We must scale up efforts to tackle the root causes of youth restiveness by investing in education, skills development, and job creation. Let us focus on creating pathways for the youth to channel their energy into productive ventures, thereby reducing their vulnerability to crime and social vices.” The Chairman spoke at the opening ceremony of a meeting of political leaders, traditional rulers from the North led by the Sultan of Sokoto and other critical stakeholders including the Chief of Defence Staff, General Christopher Gwabin Musa and other military officers to deliberate on issues affecting the region. He said among others, “The economic hardship faced by many Nigerians today is undeniable, and considering the North-South disparity in economic inequality, it is even more pronounced in northern Nigeria. This calls for urgent intervention. It is essential that we, as leaders, adopt measures to alleviate the suffering, such as targeted social welfare programs, support for small and medium enterprises, and policies that attract investment to our states. At the same time, we must work with the Federal Government to ensure that fiscal policies are sensitive to the realities of the day.” https://www.vanguardngr.com/2024/10/endbadgovernance-protest-wake-up-call-northern-govs/ |
The naira fell on Monday at both the official and black markets to 1670.75/$ and 1748/$, respectively, as the daily foreign exchange turnover in the official market dropped by 71 per cent to $81.17m. This comes amid projections that the rates would hold steady within a close range across different market segments, driven by the Central Bank of Nigeria’s increased focus on strategic FX interventions. A Bureau de Change operator, Muazu Yakubu, at the local airport in Lagos, told The Punch that the naira was sold for 1,748/$ and bought for 1,742/$. Another operator, Mallam Faruq, on Lagos Island said the local currency exchanged at 1,746/$ for sell and 1,740/$ to buy. On the Nigerian Autonomous Foreign Exchange Market domiciled on the FMDQ Exchange, the naira depreciated to 1,670.65/$ on Monday from 1,600/$ on Friday, with a turnover worth $ 284.93m. At the close of the trading session on Monday, the naira on the official market traded at a high of 1,677/$ to the American greenback and a low of 1,585.67/$. Last week, at the parallel market segment, the naira shed three basis points week-on-week against the USD to settle at 1,740.00/$. Conversely, at the NAFEM window, the local currency strengthened by four basis points week-on-week against the greenback to exchange at 1,600/$. Meanwhile, the Central Bank of Nigeria has signed an agreement with the International Finance Corporation to expand local currency financing for Nigerian businesses and cut foreign exchange risks, CBN and IFC said in a joint statement on Monday. The IFC, a World Bank Group member, aimed to significantly scale up its financing in Nigeria, targeting over $1bn in the coming years, the statement said. The partnership will enable IFC to manage currency risks and increase its investments in Nigeria’s naira across agriculture, housing, infrastructure, energy, small and medium-sized enterprises, and the creative industry. “Many of these sectors require local currency financing, and IFC’s partnership with the central bank is a key tool in expanding access,” the statement added. https://punchng.com/fx-turnover-tumbles-by-71-as-naira-weakens-further/ |
Business owners in Bauchi, Gombe and Jigawa are recording losses due to week-long blackout occasioned by vandalism of the power transmission line in parts of northern Nigeria.https://dailytrust.com/blackout-in-north-bag-of-rice-hits-n160k-in-gombe/
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There is nothing new under the sun, especially in a time like this where things are expensive and individuals are trying to make ends meet, despite the continuous rise in the cost of bills for food and services.https://www.vanguardngr.com/2024/10/economic-poverty-families-now-go-for-fish-heads-for-meat/
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Manchester City vs Southampton 26-10-2024 3pm |
Senate President Godswill Akpabio has said there are at least 20 million out-of-school children in the country, describing them as potential bandits.https://dailytrust.com/20m-out-of-school-children-potential-bandits-akpabio/
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Nlfpmod! |
President Bola Tinubu says Nigerian motorists can now purchase a litre of Premium Motor Spirit, also known as petrol, at N1,000 per litre. The president also noted that the equivalent of a litre of petrol, which is a Standard Cubic Meter of Compressed Natural Gas, can be had for N200. Tinubu said this when he met with the executives of the Nigerian Independent Petroleum Company, led by the director, Mr Ramesh Kasangra, at the State House in Abuja Tuesday, according to a statement issued by the president’s Special Adviser on Information and Strategy, Bayo Onanuga, titled, “President Tinubu meets NIPCO executives, commends investments in the CNG sector.” “Nigeria’s motorists can buy petrol at N1,000 per litre or equivalent gas per Standard Cubic Meter at N200. We have also introduced incentives for commercial motorists to convert from petrol to gas” free of cost,” Tinubu said. The statement read partly, “The President commended NIPCO’s contributions to the nation’s energy transition efforts, particularly its support for the Presidential Compressed Natural Gas Initiative (PCNGI). “During the meeting, President Tinubu acknowledged NIPCO’s role as a critical player in enhancing the adoption of CNG as an alternative fuel, noting that such investments align with his administration’s energy security and economic diversification strategy. “He emphasised the importance of public-private partnerships in driving the transition to cleaner and more affordable energy solutions for Nigerians. “The President lauded NIPCO’s efforts in promoting and supporting the “Switch to CNG” campaign, which has been instrumental in boosting public awareness and providing affordable CNG conversion kits even before the official kickoff of the Presidential CNG Initiative. In January 2024, NIPCO said it had invested over N100 billion to lay pipelines for easy access to CNG from existing major trunks across its operating states and to build CNG stations across the country. Tinubu noted that the PCNGI has helped reduce Nigeria’s “reliance on petrol and cut down fuel costs for consumers, adding that the CNG, being a cleaner and more affordable fuel, reduces the carbon footprint and saves consumers significant fuel costs. The president stressed his administration’s commitment to providing a conducive environment for private sector investments and expanding Nigeria’s CNG infrastructure to enhance energy efficiency and economic growth. He further encouraged NIPCO to continue its innovative approach to CNG expansion while supporting the government’s broader goals in the energy sector. In his remarks, the company’s director thanked the president for his steadfast support of the CNG sector, as he expressed NIPCO’s commitment to furthering the partnership with the government to ensure Nigeria’s energy transition remains on track. He also assured Tinubu that the company was ready to invest in infrastructure to make CNG more accessible nationwide. https://punchng.com/buy-petrol-n1000-litre-or-cng-at-n200-tinubu-tells-nigerians/ |
The Minister of Power, Adebayo Adelabu, has said that private entities will need up to N750 to generate one kilowatt-hour of electricity because of the high cost of petrol. Adelabu said power generation will cost N950 per kilowatt-hour for those using diesel-powered engines. These, he argued, are more expensive than the N209/kWh being paid by Band A customers. Speaking at a recent function in Lagos, the minister emphasised that though customers were kicking against the Band A tariff, they knew it was still cheaper compared to generating their own power with petrol or diesel. So This Happened (EP 254) Reviews Tinubu's Order To Civil Servants Abroad To Refund Salary, Others Adelabu hinted that the increase in revenue of the power distribution companies was described as an additional burden on the customers by the media, saying it was just a reallocation of resources from fuel. “I need to correct an impression. There’s a section of the media that says this revenue is an additional burden on the consumers. No, it is not. It is just a mere reallocation of resources from what they used to spend on petrol and diesel. Now they are paying to enjoy a good power supply,” he stated. The minister recalled that in 2023 a revenue of N1tn was made in the power sector while N16.5tn was spent in procuring petrol, and diesel to run power generators. “But today that we have a more stable supply than we used to have, a lot of people do not spend on fuel again, not on diesel, not on petrol. Now, we are charging N209 as a full cost-reflective tariff for Band A, but for you to generate a kilowatt hour of power using a petrol generator to pay, at this rate of N1,000 per litre, it is going to be about N750 for a kilowatt-hour; and for diesel, it remains about N915. “So, power sector consumers are like a beautiful bride that has now tried two matrimonies. If they want to be sincere, they know which of the husbands to remain with,” Adelabu noted. He called on electricity consumers to support the Discos to sustain the present reforms in the sector to prevent going back to fuel generators. “So, we are adopting commercialisation in the sector to enable investors to have a line of sight to the return of their investments,” he stated. Adelabu has repeatedly assured Nigerians that power generation would rise to 6,000 megawatts by the end of the year. However, incessant cases of grid collapse might be an obstacle to this plan. https://punchng.com/private-power-generation-now-costs-n750-kwh-minister/ |
Nlfpmod! |
The former President of Nigeria, Olusegun Obasanjo, has said that the country needs to do something urgently about the insecurity that has taken over some parts of the nation. The call came as he narrated how he discovered that he was partially deaf when he was abroad. Obasanjo stated this in Bauchi while on a working visit on Sunday where he commissioned road projects constructed by the administration of Governor Bala Mohammed. He said he firmly believes that African countries were not created by God to be poor their poverty resulted from bad leadership in the country suffers. Earlier, when the former Obasanjo visited the Bauchi State Council of Traditional Rulers at the Bauchi Emir’s Palace, he emphasised the importance of community policing in addressing the rising insecurity in the country. He insisted that community policing, where members of communities know their neighbours, is crucial for easily identifying and addressing security threats within communities. According to Obasanjo, the current state of insecurity in Nigeria needs immediate action to address the situation. “The best form of security is community policing because everyone knows his/her neighbours within the community. With that, it is very easy to identify the bad eggs. “The situation of insecurity in Nigeria today is so bad, unlike during our terms in office when we prioritize the security of lives and properties across the country. We need to do something urgently about this.” He urged traditional rulers to encourage community policing in their communities to reduce the spate of crimes. “During our service to the nation, we did everything collectively, our decisions were taken together to have a uniform focus. My brother, Ahmed Adamu Mu’azu, is seated here, and he will bear me witness. Whatever we achieved then, was a collective effort. “We need peace, unity, and collective support in this country if we must move forward. Things can be right and good again in the country, all we need to do is to get united and do things collectively,” he noted. The former President equally disclosed the donation of hearing aids to 2,000 people with hearing difficulties in Bauchi. He explained that many people suffer deafness unknowingly until medical checks reveal to them their hearing capacity. Obasanjo narrated how he discovered being partially deaf when he was abroad and couldn’t hear clearly while someone was talking to him and insisted nothing was wrong with his ears when the man asked for his permission to check on his ears. He stated that after the result came out, it was revealed that he was 25 per cent deaf. “After my result came out, I had to ask the man to also check on my Chief Security Officer then but shockingly enough, he was more deaf than I was,” he said. According to him, his experience informed the beginning of his Olusegun Obasanjo Foundation where thousands of Nigerians had benefited from its ear treatments and provision of hearing aids. He noted that he would be flagging off the distribution of hearing aids to over 10,000 indigent people in the Northeast, starting from Bauchi State where 2,000 people would benefit. The former President who acknowledged that the security situation in the country has gotten worse over the years, said all hands must be on the deck to tackle the security threats headlong. On his part, the governor of Bauchi state, Bala Mohammed, stated that his blueprint, which includes the roads commissioned, was designed even before he was returned elected as governor of Bauchi state. “I instructed them to develop a roadmap for the project that will serve our people regardless of the outcome of the election. “I believe that leadership is not about personal ambition but about collective progress and well-being of our people. “The project we are commissioning today is part of our larger ambition for the state.” The governor, who stated that his administration had prioritised the construction and rehabilitation of roads in the state, noted that roads are key to development. “As of today, we have undertaken the construction of 116 road projects totalling 1482.25 km across Bauchi State. “The road we are commissioning today has significant milestones in our journey to build a new Bauchi. “They the 7 km dualization of Awala-Maiduguri road, dualisation of 17.7 km Kano road to Sir Abubakar Tafawa Balewa International Airport Bauchi, 30KM Gubi Gari, Ruda Bida, Siyi to Nasarawa road connecting two local Government areas of Bauchi and Ganjuwa.” https://punchng.com/insecurity-in-nigeria-today-is-so-bad-obasanjo/ |
Wolves vs Manchester City 20-10-2024 2pm |
President Bola Tinubu has reassured Nigerians that his “Renewed Hope” agenda, despite its challenges, will soon yield significant benefits for all citizens.https://www.vanguardngr.com/2024/10/renewed-hope-may-be-hard-but-will-benefit-nigerians-soon-tinubu/ |
A yet to be identified Assistant Superintendent of Police (ASP) serving in the Lagos State Police Command, has been killed. The tragic incident happened in the Agege area of the state on Saturday morning. Dinosaurs Spine at Hang Dong, Ta Xua, Son La seen from above Irate commercial motorcyclists also known as Okada riders were blamed for the incident. The deceased had led a team of policemen to an accident scene alt WEMCO junction by Mobil road, Agege, when he came under heavy attack. It was learnt that the policemen had gone to evacuate a truck that knocked down an Okada rider but met stiff resistance from the rider who insisted that they must set the truck on fire. Spokesman of the Lagos State Police Command, Benjamin Hundeyin, who confirmed the incident, described the killing as unprovoked. Hundeyin said the team got a distress call at about 1.40am on Saturday about an an accident that involved an Okada rider and a trailer He said preliminary investigations revealed that it was the rider that ran into the trailer at WEMCO junction Mobil Road, by Pen Cinema Agege. He said unfortunately, the Okada rider died in the process. “On getting to the scene, the team met a marge number of motorcycle riders who haf gathered around the place. However, the patrol team in the process of evacuating the truck came under attack by the riders who insisted on torching the truck as a result of which one ASP, 46 years old was injured on the head and he died on the spot while the truck driver escaped.” “Five suspects have since been arrested and manhunt for other is on.” https://dailytrust.com/breaking-policeman-killed-in-lagos/ |
Nlfpmod! |
One of the promises the Federal Government made to pacify Organised Labour at yesterday’s parley was that five refineries would soon be fully functional.https://www.vanguardngr.com/2024/10/how-fg-pacified-labour-with-promises-to-complete-5-refineries-pay-arrears/
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Nlfpmod, another gbosa, gbosa, gbosa will follow! |
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