Naija News
Continual petrol Scarcity, Transport Fares Rise By 100%
Petrol scarcity in Abuja and neighbouring Niger and Nasarawa states continues on Tuesday and provoked an over 100 per cent rise in transport fares in many locations of the affected areas.
Also, hundreds of black marketers of petrol surfaced in various roads in Abuja and environs, as they sold the commodity at between N300 to N500 per litre.
The scarcity of petrol led to severe queues by motorists in front of the few filling stations that dispensed the commodity on Tuesday.
Transport fares were hiked by commercial transporters; for instance, the fare from Zuba, a border town between Abuja and Niger, to Berger, which used to be between N250 and N300, was raised to N600 on Tuesday.
Similarly, taxi drivers in Abuja city centre jerked up their rates by over 100 per cent, collecting over N1,000 for distances that they previously accepted between N500 and N700.
Reacting to the development, oil marketers stated that the supply of petrol by the Nigerian National Petroleum Corporation had been distorted.
“We’ve had distortions in petrol supply and it’s like there is not enough product now, but NNPC recently said it had about 40 days’ stock,” the National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Ukadike Chinedu, stated.
He said that although NNPC had insisted that there was no plan to hike petrol price in March, many marketers were still skeptical.
Chinedu said independent marketers were not getting petrol at the approved ex-depot price of N148 per litre from depots, adding that many IPMAN members sourced for the commodity at between N160 and N162 per litre.
“If you buy your product at N162 per litre, will you sell at N162, N165 per litre as approved by government? That is the issue; so tell me, why won’t there be price increase?” he asked.
The spokesperson, NNPC, Kennie Obateru, had insisted that there was no increase in ex-depot price and that the corporation was not making such plan in March.
The corporation as well as oil marketers had repeatedly called on the Department of Petroleum Resources, the regulator of the sector, to clamp down on depots that were selling petrol above the approved ex-depot price. The Department of Petroleum Resources, on Tuesday, warned marketers against hoarding petroleum products in their outlets.
The Director/Chief Executive Officer, DPR, Mr Sarki Auwalu, gave the warning following the emergence of queues in retail outlets in some states of the federation, according to a statement signed by the agency’s Head of Public Affairs, Mr Paul Osu.
According to him, available records show that there is product sufficiency in the country and that there is no need for hoarding by any marketer
He emphasised that the department would not hesitate to apply appropriate sanctions on any outlet found wanting in this regard.
He said the agency had set up a special task force to intensify surveillance and monitoring of all retail outlets and depots nationwide to check the anomaly, and advised the general public against panic buying.
He said the DPR would continue to provide its regulatory focus of quality, quantity, integrity and safety for the effective operations of the downstream sec
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Kogi state governor, Yahaya Bello, has approved the implementation of N30,000 as minimum wage for the workers in the state.
The secretary to the state government, Folashade Ayoade disclosed this on Tuesday after an extensive meeting with the organized labour in Lokoja
She blamed the delay in the implementation on the inability for the committee to meet regularly due to the covid-19 pandemic which has been overcome.
The SSG equally commended the organised labour for their understanding and patience, which she said has resulted into the signing of the implementation of the new minimum wage.
Read Also: FCTA Set to Implement Minimum Wage for FCT Workers
Author: Eunice Johnson, Abuja
The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme.
Emefiele said the time had come for the banks to go out there and source for forex by funding entrepreneurs with ideas. The CBN, Emefiele said, will support the banks by granting rebates and other support until the banks find their feet in sourcing their forex by themselves.
He also disclosed that the apex bank’s policies and measures have led to a significant improvement in diaspora inflow from an average of US$6 million per week in December 2020 to an average of over US$100 million per week by January 2022. He added that the CBN would be reviewing these intervention programmes going forward to ensure that they continue to achieve the desired results.
He said international bodies, including some embassies and donor agencies, have been complicit in illegal forex transactions that have hindered the flow of foreign exchange into the country.
Read Also: CBN Encourages Nigerians to Accept E-Naira
Author: Gift Wada, Abuja
The Comptroller General of Customs Col. Hameed Ibrahim Ali (Rtd.) has approved the deployment of 37 Comptrollers to various Units, Departments and Commands across the country.
This was disclosed in a release signed on Tuesday by the Customs Deputy National, DC Timi Bomodi for the Comptroller General of Customs.
Among those deployed are the present National PRO of Customs Comptroller Joseph Attah who will assume the office of Area Controller of Kebbi Command, Comptroller AAS Oloyede who shall be moving from ICT/MOD to Tin Can Island Port Command, while Comptroller SI Bomoi to FCT Command. Other postings are Comptroller BA Jaiyeoba to Oyo/Osun Command, Comptroller A Dappa-Williams to Eastern Marine Command, Compt. MA Umar Kano/Jigawa, Compt. KC Egwuh ICT/MOD, Compt. LM Mark Enugu/Anambra/Ebonyi, Compt. T Tachio CTC Kano, Compt. AA Umar Western Marine, Compt. M Dansakwa North Eastern Marine, Compt. AC Ayalogu T & T and Compt. KD Ilesanmi will assume duty as Comptroller Board among others.
Ali in postings released on 7th of February, charged the newly posted Comptrollers to justify the confidence reposed in them by NCS Management by bringing to bear their years of experience and training in trade facilitation and anti-smuggling activities on their new assignment.
Given the enormous expectations of government regarding revenue generation in the current year, the Comptroller General reiterated the need for all Area Controllers and Unit heads to take full charge of the affairs of their Commands by ensuring absolute compliance with extant fiscal policies while leveraging on the efficient management of data to optimize trade facilitation and revenue collection.
Furthermore, the CGC directed all officers to be extremely vigilant in protecting the lives and wellbeing of Nigerians by ensuring the full fortification of our borders against the incursion of smugglers and other cross border criminals.
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