Selling Petrol At N165 Unrealistic, Says IPMAN As Scarcity Hits Lagos

A photo shows an NNPC retail outlet as people struggle to buy petrol. Channels TV/ Sodiq Adelakun.

 

It was one of the unusual days in Lagos on Monday as many residents spent hours waiting on queues in filling stations at various locations in the state.

This was as a result of the scarcity of Premium Motor Spirit (PMS), popularly known as petrol which affected businesses which depend on the product for power due to the erratic supply of electricity in the country.

Similarly, the number of commercial vehicles plying the roads was less compared to a regular business day, leaving many passengers stranded at various bus stops.

While some were forced to pay extra fares for transportation, others opted to trek to their respective destinations, including offices, markets, and homes.

Amid fears that the scarcity might be a result of industrial action by members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), the union said it took a decision to go on strike.

In an interview with Channels Television, the Lagos Zonal Chairman of IPMAN, Akin Akinrinade, explained the rationale behind the fuel scarcity.

According to him, the situation across the state is as a result of the operating environment which has become hostile to their businesses.

Akinrinade specifically stated that the petroleum marketers were not on strike as feared but have found it difficult to operate considering the dependence on diesel whose price has skyrocketed.

“Members of Independent Petroleum Marketers Association of Nigeria IPMAN have shut down their stations, not because we are striking; we are not on strike,” he said.

“Rather, the business environment has been very hostile to us such that we can no longer do business under this condition. For you to load a litre of petrol, you pay in N162 per litre.”

The IPMAN official was quick to say the situation had nothing to do with the removal of subsidy or deregulation of the petroleum sector.

He listed the high cost of buying petrol at the depots, the high cost of diesel for running their station, and the increased cost of freight as the major factors responsible.

Akinrinade stressed that it was no longer feasible to sell the product at the recommended price of N165 to a litre, adding that the landing cost of petrol was between N175 to N178 naira to the litre.

“You now have to add the cost of transportation which is between N6 to N8, depending on the distance within Lagos,” he explained. “If it is outside Lagos, it is much more than that.

“So, if you add N8 to N162, you already have N170 and the government which is the regulator wants us to sell at N165; we have not even added the charges at the depot and the running cost at our stations.”

“You know what diesel says now, and you know how epileptic power supply is; we run on generator, using diesel at N800 per litre. There is no station in Lagos that uses less than 50 litres (of diesel) per day.

“So, our members can no longer sell (petrol) at N165 per litre; in fact, there is no reasonable person in this business that can sell below N180 per litre, so it is not as if we are on strike,” he concluded.

APC Confident In Its Decision To Name Kabiru Masari As Tinubu’s VP – Adamu

This photo taken on March 26, 2022, shows Senator Abdullahi Adamu at the venue of the APC national convention in Abuja. Channels TV/ Sodiq Adelakun.

 

The National Chairman of the All Progressives Congress (APC), Abdullahi Adamu, said on Monday the ruling party had not flouted any laws in naming Kabiru Masari as running mate to its presidential candidate, Bola Ahmed Tinubu.

While the APC has not officially announced Masari as its vice-presidency candidate, a chieftain of the party, Kabiru Faskari, confirmed the development to Channels Television on Friday.

Masari is widely believed to be a placeholder to beat INEC’s Friday deadline for the submission of Vice-Presidential candidates.

READ ALSO: Peter Obi May Be President In 2027 Or 2031, But 2023 ‘Too Early’ – Babangida Aliyu

Reacting to fears that the supposed placeholder may be unwilling to step down when the original candidate emerges, Adamu said the APC preferred to stay positive.

The National Chairman of the All Progressives Congress (APC), Abdullahi Adamu, said on Monday the ruling party had not flouted any laws in naming Kabiru Masari as running mate to its presidential candidate, Bola Ahmed Tinubu. pic.twitter.com/Atu9CGrueu

— Channels Television (@channelstv) June 20, 2022

 

“We are not in a speculative world,” he said. We are governed by the laws of the land. There’s nothing our presidential candidate has done in regards to submitting of forms that is not within the confines of the laws of the land.

“Everything we’ve done so far, we’ve done very carefully with legal consultations and we are cocksure we are not going to have the kind of speculations that you are professing at this point in time.

“We are very comfortable with what we’ve done. It’s still pessimism and we are not in that school of thought here.”

APC’ll record more votes in Osun poll than Ekiti, says Oyetola

Osun State Governor, Adegboyega Oyetola, has said All Progressives Congress would record more votes in the Osun July 16 governorship poll, more than it got in the recently held Ekiti poll. Oyetola spoke in Iragbiji, his hometown on Monday while addressing a campaign rally held for his reelection. He, however, called on his supporters to

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Edo police kill suspected kidnapper in gun duel

The Edo State Police Command on Monday said its men killed a suspected kidnapper in a gun duel with the police along the Benin-Lagos Expressway. The state Police Public Relations Officer, SP Chidi Nwabuzor, in a statement said the incident occurred at Utekon community, Benin City axis of the expressway. The PPRO said efforts were

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Nigeria ‘Holding Back’ $450m Belonging To Foreign Airlines – IATA

In this file photo taken on June 26, 2015 an Emirates Airbus A380 aircraft sits on the tarmac at the Bandaranaike International Airport in Katunayake. Ishara S. KODIKARA / AFP

 

The International Air Transport Association (IATA) says Nigeria is holding back about $450 million in revenue earned by foreign airlines operating in the country.

Vice President for Africa and the Middle East, IATA, Kamil Al Awadhi, made the remark on Sunday at the opening of its 78th annual general meeting and world air transport summit in Doha, Qatar.

“A financially viable air transport sector supports jobs and must be a driving force for Africa and the Middle East economic recovery from COVID-19,” Al Awadhi said.

READ ALSO: 33 Passengers Escape Death As Plane Suffers ‘Unusual High Temperature’ In Lagos

“A priority is releasing blocked funds.

“As of April, globally, there is a total $1.6 billion in funds blocked by 20 countries worldwide.

“Of this,67% is blocked in Africa for a total of $1 billion, tied up in 12 African countries.

“Zooming in a little more, Nigeria alone is holding back $450 million. It is the most amount blocked by any single African country, and the amount is rising every week.

“Cash flow is key for airlines’ business sustainability – when airlines are unable to repatriate their funds, it severely impedes their operations and limits the number of markets they can serve.

“The consequences of reduced air connectivity include the erosion of that country’s competitiveness, diminished investor confidence and reputational harm caused by a perception that it is a high-risk place to do business.

“Strong connectivity is an economic enabler and generates considerable economic and social benefits.

“We call on governments to prioritise aviation in the access to foreign exchange on the basis that air connectivity is a vital key economic catalyst for the country.”

Buhari Hails Afe Babalola University For Ranking ‘First In Nigeria, 400th In The World’

File photo of President Muhammadu Buhari.

 

President Muhammadu Buhari has hailed Founder and Chancellor of Afe Babalola University, Ado-Ekiti, Ekiti State, as well as management and members of staff of the institution in celebrating the favorable rankings, which placed the university as the Best in Nigeria, and 400th in the world.

In a statement signed by spokesperson Femi Adesina, the President said the visionary and scholarly leadership style that continues to shape the curriculum, operations and results of ABUAD since it was established 12 years ago, with the guiding principles of discipline, industry, determination, service, integrity, sound education and quality leadership.

“As the university scores another national and global record for excellence, President Buhari affirms that the Times Higher Education World Rankings further validates the resourcefulness of hardworking academics, particularly in research, and the diligence of students, who continuously stretch their bodies and minds to make history,” the statement said.

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“The President affirms that the fact that the ranking analyzed more than 108 million citations across over 14.4 million research publications and included responses from almost 22, 000 scholars shows the depth, acceptability and influence of the ABUAD placement, the best out of 197 universities in Nigeria and one of 400 out 31,097 universities in the world.

“He appreciates the honour brought to the country by ABUAD, urging management, lecturers and students to explore same doggedness to lift the university to be among the top 50.

“President Buhari congratulates the Chancellor for facilitating the resources, channeling the energies and assembling an exemplary workforce in ABUAD.”

Military Personnel Fatally Shoots Fuel Attendant In Minna

Niger is a state in the Middle Belt region of Nigeria and the largest state in the country.

 

A military personnel has shot to death a fuel attendant of AYM Shafa filling station along Bosso road of Chanchaga local government area in Minna.

According to reports, the incident occurred around 1:30 pm on Monday when crisis erupted between the military official who came into the station with a Hilux vehicle to buy fuel after the attendant had stopped selling.

It was gathered that Yusuf Sa’ad, the fuel attendant who was killed, confronted the military officers when their manager was being harassed to give them fuel from their military reserve.

READ ALSO: Gunmen Kidnap Village Head, Son In Bauchi

It was revealed that the deceased attempted to stop one of the military personnel for harassing the manager hence he was shot and was confirmed dead before reaching the general hospital, Minna.

A fuel attendant in the station Aliyu Umar confirmed the incident to Channels Television.

When contacted, the Niger State Police Public Relations Officer, DSP Wasiu Abiodun, confirmed the incident on telephone and said investigation into the unfortunate incident has commenced while tactical teams have been deployed to the area to ensure normalcy.

We Will Give Effect To Court Order On Voter Registration – INEC

A file photo of an INEC official carrying a bag with electoral materials.

 

The Independent National Electoral Commission (INEC) says it will give effect to the ruling of the Federal High Court in Abuja on the Continuous Voter Registration (CVR).

INEC’s National Commissioner and Chairman of Information and Voter Education Committee, Festus Okoye, said this on Monday during an appearance on Channels Television’s Politics Today.

Although he did not specifically state whether or not the electoral umpire would go ahead with its initial plan to stop the exercise, the INEC official said the commission would continue to obey the orders of the court.

“The commission is a constitutional body, and we are under a constitutional obligation to give effect to judgements and orders of properly constituted courts of law, and we are going to give effect to the order made by the Federal High Court,” he said.

READ ALSO: INEC Loses Bid To Stop Voter Registration On June 30

Justice Mobolaji Olajuwon of the Federal High Court in Abuja had stopped INEC from going ahead with its decision to end the CVR exercise on June 30, as scheduled.

The judge gave the ruling while granting an order of interim injunction following the hearing of an argument on motion ex parte filed by the Socio-Economic Rights and Accountability Project (SERAP).

While INEC is expected to appear before Justice Olajuwon, the suit was adjourned till June 29 for the hearing of the motion on notice for interlocutory injunction.

Despite the decision to give effect to the order of the court, Okoye insisted that INEC would convince the court on the adjourned date on why the exercise should be discontinued for now.

“The court has asked the Independent National Electoral Commission to come back on the 29th day of June and explain its position; we are going to go back to the court on that 29th day of June to explain our position and then allow the rest of the issues to be determined by the court,” he said.

According to the INEC official, the CVR exercise has been ongoing for about a year as the online pre-registration and physical registration began in June and July 2021 respectively.

He lamented that there were instances where the registration officers registered just an individual for the whole day, stressing that the cost implications cannot be overlooked.

Okoye reiterated that the exercise was meant for only those who have not registered before and who have attained the again of 18 and above.

Oyo police foil planned bank robbery, nab banker, female suspect

The Oyo State Police Command has foiled a bank robbery planned by a criminal gang in connivance with at least a contract worker of a new generation bank in Ibadan. A female suspect and four others were also arrested by the police who foiled the planned attack already hatched a day before the hoodlums struck.

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Peter Obi May Be President In 2027 Or 2031, But 2023 ‘Too Early’ – Babangida Aliyu

A photo combination of Babangida Aliyu and Peter Obi.

 

Former Niger State Governor, Babangida Aliyu believes Nigerians may not be ready to elect Peter Obi as President in 2023.

He made the remarks on Channels Television’s Political Paradigm.

Aliyu also noted that many people in the Peoples Democratic Party had been rooting for Obi to be the Vice President to Atiku Abubakar.

READ ALSO: We Are In Talks With Peter Obi, Says Kwankwaso

Obi is the Presidential candidate of the Labour Party for the 2023 elections.

“Peter Obi is my good friend and a former member of my former Governors forum,” Aliyu said.

“A very excellent person. His candidature, in terms of the Presidency, – I think he will make some name now. But he may be able to make it only in 2027, 2031. But 2023? Too early.

“Even though the young people might go for him, the name is not dropping everywhere else. I doubt if Nigerians are ready for him now as a presidential person.

“I would have loved him as a Vice President. Many of us were rooting for him to be Vice President to Atiku again.”

Political Paradigm airs every Tuesday at 12 Noon. Watch on DSTV:420 | Sky UK: 518 | Live Stream: www.channelstv.com/live