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Nigerian Relax! No Plans to Increase Fuel Price – PPPRA

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Recent Facilitated Rumours about Fuel Price has been silent by PPPRA

Fuel Price hike – Following speculations in various quarters that that the Federal Government was tinkering with the idea of hiking fuel price, said by the Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA),

PPPRA Abdulkadir Saidu - No Plans to Hike Fuel Price

PPPRA Abdulkadir Saidu – No Plans to Hike Fuel Price

Abdulkadir Saidu on Tuesday said there was no such plan, reaffirming that the retail price of petrol was still N145/litre on the maximum.

Saidu in a statement also assured Nigerians of PPPRA’s total commitment to service delivery and uninterrupted petroleum products supply and distribution especially during the festive period and beyond.

According to him, the agency would continue to carry out its oversight function of monitoring fuel loading and supply exercise in depots and all the filling stations across the country, to ensure adherence to the regulated price and ensure there are no sharp practices at retail outlets.

He specifically warned that adequate sanctions await any erring filling stations found wanting.

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He therefore, appealed to motorists and other PMS consumers to desist from panic-buying, as PPPRA was working hard with other agencies of government to ensure that there is no short fall in the supply and distribution of petroleum products nationwide.

He further commended the petroleum oil marketers in the country for embracing dialogue with Federal Government to resolve the issues arising from payment of the outstanding fuel subsidy claims, noting that embarking on strike was not the best option to address any industrial dispute, irrespective of the circumstances, due to the scathing multiplier effects on the country.

The PPPRA boss therefore appealed to the leadership of the oil marketers association to cooperate with the Federal Government to find a workable solution to the issue emanating from the payment of subsidy arrears.

He further assured the oil marketers of PPPRA’s continuous support, cooperation and collaboration at ensuring a conducive industrial climate where the best of the oil and gas sector could be showcased.

He therefore advised marketers to ensure that there is no price distortion in their respective retail outlets.

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1 Comment

1 Comment

  1. Orful mgt

    December 12, 2018 at 10:26 am

    They better don’t hike any price again. Else another war go start o

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Customs Corner

Customs, National Hospital Holds Service of Songs for Late DC Essien

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Customs, National Hospital Holds Service of Songs for Late DC Essien

… To be Awarded with Post-Mortem Promotion to Comptroller of Customs

By Abra Iruoghene

The Nigeria Customs Service and the National Hospital held a Service of Songs for the Late Deputy Comptroller of Customs in charge of Revenue Etop Andrew Essien, who passed on on June 25 2024, at the National Assembly while making a presentation before the House Committee on Public Accounts.

The Comptroller-General of Customs, Adewale Adeniyi, while speaking at the event on 23 July 2024, noted he was out of the country when he heard the sad news of Essien’s demise. He said he was greatly bereaved to lose such a professional who was an epitome of excellence.

Describing DC Essien, Adeniyi said he was someone who took on every assignment and gave the best he had. “He was always prepared with facts and figures to defend the NCS”, he added.

Adeniyi said, “If money could bring him back, the Nigeria Customs Service would have done all they could to bring him back to life. The NCS will live up to those values he died for, which are Professionalism and Sincerity. ”

Still speaking, he said, “The NCS will give the late DC a burial of heroes. A meeting has been held on his behalf, and a proposal will be submitted to the Customs Board for a post-mortem promotion to the rank of Comptroller of Customs. Also, the children are now my friends. They are the children of heroes and will be treated as such. ”

He further encouraged officers to serve wholeheartedly with discipline and professionalism. Stating those who sacrifice their lives in the Nigeria Customs Service will not sacrifice in vain but will be remembered forever.

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Customs Corner

ACG Yusuf Emphasises Thorough Inspection to Prevent Entry of Illicit Items

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ACG Yusuf Emphasises Thorough Inspection to Prevent Entry of Illicit Items

… Urges TCIP Officers to Adhere Strictly to Established Procedures

By Ibe Wada

The Zonal Coordinator of Zone A, Assistant Comptroller General of Customs (ACG) Saidu Yusuf, has emphasised the critical importance of intensifying cargo examination at Tincan Island Port to enhance national safety.

During his working visit to the command on Wednesday, 24 July 2024, Yusuf highlighted the necessity of rigorous checks to prevent the entry of expired products and illicit drugs into the country.

“We need to intensify our examination of cargo, as this is a main exercise for the Nigeria Customs Service. There is a need for thorough inspections at every stage, using the various parameters and tools provided by the service,” Yusuf stated.

“We also face issues with illicit and expired products. Beyond revenue collection, our role is to protect the lives and safety of the nation. Failure to do so could result in us becoming victims, directly or indirectly’’. He emphasised.

The ACG stressed that customs officers must adhere strictly to established procedures to ensure accountability and efficiency. “We must be diligent in all that we do to justify the actions required of us. I urge everyone not to relent in following the laid-down procedures. The Tincan Island command, under the leadership of Comptroller Dera Nnadi, has demonstrated efficiency, particularly in intercepting and seizing illicit drugs, arms, and ammunition”.

Yusuf also praised the implementation of new trade facilitation tools, including the Time Release Study and the Advance Ruling System, which have been introduced to enhance operational efficiency.

Acknowledging the ongoing efforts of the Customs Area Controller (CAC), he commended the team for their hard work under his leadership. He called for increased vigilance, especially in light of recent security challenges and rising smuggling activities.

In his address, Comptroller Dera Nnadi explained that the command is committed to its statutory obligations, which include revenue generation, trade facilitation, and securing the nations border.

“We have been creating an enabling environment for stakeholders engaged in legitimate trade, and we declared this year as the year of stakeholders in the command”, he said.

Nnadi reported that as of 24 July 2024, the command had collected six hundred and sixty-nine billion, five hundred and sixty-one million, nine hundred and forty-seven thousand naira (N669,562,947,000) and affirmed that the command remains focused on its revenue target for the year.

He also highlighted challenges, particularly regarding office infrastructure, and stressed the need for renovation.

The CAC appreciated the Zonal Coordinator for taking the time to visit the command and offer valuable advice to the officers.

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Customs Corner

Comptroller Seriki Strengthens Alliance with Oil & Gas Free Zone Authority

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Comptroller Seriki Strengthens Alliance with Oil & Gas Free Zone Authority

…Reassures of Command’s Operational Efficiency

By Vivian Daniel

The Customs Area Controller (CAC) of the PH Oil and Gas Free Trade Zone (FTZ) Command, Onne, Rivers State, Comptroller Usman Seriki, on Monday, 22 July 2024, paid a courtesy call to the Managing Director (MD) and Chief Executive Officer (CEO) of the Oil and Gas FTZ Authority, Bamanga Jada, in his office at Mable House, Onne, Rivers State, to consolidate relations with the officials.

This was contained in a press statement signed on Tuesday, 23 July 2024, by the Command Public Relations Officer, Assistant Superintendent of Customs II, Paul Gimba, on behalf of the Customs Area Controller.

According to the statement, this aligns with the policy thrust of the Comptroller-General of Customs, Adewale Adeniyi, to collaborate with stakeholders for efficiency in revenue drive, suppression of smuggling, and facilitation of legitimate trade.

The CAC assured the MD of upholding and improving the established relationship between both organisations regarding trade facilitation and supervising compliance in the Free Zone.

“This relationship is significant because it will enhance operational efficiency, trade facilitation, and regulatory compliance in the Oil and Gas Free Zone,” he re-emphasized.

The MD appreciated the CAC and the Service for contributing to the many success stories of the Free Trade Zone. He added that “this cooperation can further contribute to overall economic growth by boosting trade volume, creating a more efficient and attractive business environment in Nigeria’s Oil and Gas Zone.”

The General Manager of Operations, Oil and Gas Free Zone Authority, Adekunle Ajayi, recognised that the harmony between the two agencies has diminished bureaucratic bottlenecks and ensured seamless processes in the environment.

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