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Petrol Price Hits N170 Per Litre As Scarcity Persists

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Despite assurances, many oil marketers, yesterday, continued to sell petrol at an average of N170 per litre in different parts of the country, according to Vanguard investigation.

Our Correspondents, who went out to monitor developments at filing stations across the nation, said those mainly owned by independent marketers, sold the product at N167 per litre, while others, especially on the outskirts of cities such as Lagos, Abuja and Port Harcourt sold in excess of N170 per litre.

Nevertheless, the Nigerian National Petroleum Corporation, NNPC, sold the product at N162 in most filling stations visited yesterday.

In a statement obtained by Vanguard, NNPC stated that it was not contemplating any rise in the price of petrol in March in order not to jeopardize ongoing engagements with organized labour and other stakeholders on an acceptable framework that will not expose the ordinary Nigerian to  hardship.

It stated: “NNPC has enough stock of petrol to keep the nation well supplied for over 40 days and urged motorists to avoid panic buying.

‘’We, therefore, call on relevant regulatory authorities to step up monitoring of the activities of marketers with a view to sanctioning those involved in products hoarding or arbitrary increase of pump price.”

DPR threatens sanction

However, the Department of Petroleum Resources, DPR has threatened to sanction marketers caught perpetrating irregularities, including hoarding and profiteering.

Mr. Paul Osu, Head, Public Affairs, said in a statement: “The Department of Petroleum Resources (DPR) has issued warning to marketers against hoarding of Petroleum products in their outlets.

‘’The Director/CEO DPR Sarki Auwalu, gave this warning following the emergence of queues in retail outlets in some states of the federation.

“He stated that from available records, there is product sufficiency in the country and that there was no need for hoarding by any marketer. He emphasized the the Department will not hesitate to apply appropriate sanctions on any outlet found wanting in this regard.

‘’He further stated that the agency has set up a special taskforce 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 assured that DPR will continue to provide its regulatory focus of quality, quantity, integrity and safety, QQIS, for the effective operations of the downstream sector.”

Why price is high

Meanwhile, Kano Branch Chairman of the Independent Petroleum Marketers Association of Nigeria, Bashir DanMalam, has said that though the state had no shortage of product, marketers were buying at exorbitant rate.

Speaking in a telephone chat, DanMalam said the marketers bought at ex-depot price of N165 per litre rather than N148 per litre.

The price hike is mainly attributed to the latest rise in oil price, according to figures obtained from the international market.

Specifically, crude oil prices witnessed a marginal increase, as traders focused on the upcoming OPEC+ talks and US inventories data.

Brent, the International benchmark, surged by 0.19% to $63.81 while the West Texas Intermediate (WTI), rose by $0.24 or 0.40% to $60.88 while Nigeria’s grade of crude, Bonny Light witnessed a decline of 0.37 cent or 0.58% to $63.96 per barrel.

Labour threatens

Organised Labour, yesterday threatened a massive picketing   and disruption of business operations of marketers if the current hoarding and artificial scarcity of premium motor spirit, PMS, continued nationwide.

Labour called on relevant regulatory agencies of government to rise to the protection of the interests of the majority of Nigerians from the exploitative hands of market forces bent on making maximal profits from the sufferings of fellow citizens.

In communiqué by President and Acting General Secretary of Nigeria Labour Congress, NLC, Ayuba Wabba, and Bello Ismail, respectively, at the end of the National Executive Council, NEC, meeting, Labour said:  ‘’NEC also condemned in very strong terms the current hoarding and ensuing artificial scarcity of the Premium Motor Spirit, PMS, commonly known as ‘petrol’ in fuel stations in major cities in Nigeria.

‘’The NEC also observed that most of the Fuel Stations only use one pump to dispense petrol in the affected cities.

“The NEC called on relevant regulatory agencies of government to rise to the protection of the interests of the majority of Nigerians from the exploitative hands of market forces who are bent on making maximal profits from the sufferings of fellow citizens.

‘’NEC warned that should the current artificial scarcity persist, the various leadership structures of the NLC should picket petrol stations found to be inflicting pains on Nigerians.”

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Politics

Work On Gyawana-Opalo-Hoki Electricity Project Will Begin Soon – Gov Fintiri

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By Muhammad B. Muhammad

Governor Ahmadu Umaru Fintiri of Adamawa State has announced that work on Gyawana-Opalo-Hoki electricity project in Lamurde Local government area will commence soon.

The Governor who revealed this when he led the campaign train of the People’s Democratic Party (PDP) to canvassing for votes in Gyawana, Lamurde Local Government Area ahead of the forthcoming elections said Government will begin connection of the remaining communities without light to the national grid.

He told the people of Gyawana, Opalo Ngbakowo and Dubwangun wards that his administration has constructed 4km in Lamurde town, 11km of rural road and built 60-bed capacity hospital among others in the local government area.

Governor Umaru Fintiri while noting how his administration turned around the education sector, said he has given local government council chairmen approval to employ more qualified teachers into primary schools to enhance teaching and learning in the state.

On the tussle between host community/workers and management of Dangote Sugar Refinary Numan, Governor Fintiri told the electorates how he asked Alhaji Aliko Dangote to pay compensation among other things to the victims.

He called on the people to support his re-election bid and vote for all PDP candidates in the forthcoming general elections from top to bottom for better Adamawa and Nigeria as a whole.

After the Gyawana rally, Governor Umaru Fintiri alongside top government officials has commissioned Lecture Hall at College of Agriculture Ganye Satelitte Campus Gyawana in Lamurde Local government area.

Meanwhile, Governor Umaru Fintiri in Suwa, Lamurde LGA for the campaign has reassured his commitment to maintain the diversity of Adamawa people and provide equity and fairness to all tribes in the state for peace and tranquility.

Governor Fintiri told the people of Suwa, Sabon Layi and Waduku Wards that the government would continue to protect their lives and property to the best of its ability urging them to vote for PDP candidates in the forthcoming elections.

According to the Governor, It is only quality and affordable education that will bridge the gap between the rich and the poor and therefore reiterates his continued commitment to provide free education in the state.

He promised to drill borehole in Suwa and directed the State Ministry of Rural Infrastructure and Community Development to connect the area and Waduku to the national grid with immediate effect.

Governor Fintiri has during the rally sympathized with the people over the death of PDP Youth Leader in Suwa Ward, Hon. Mairiga Yohannah who was being laid to rest today (Saturday) in Lamurde and prayed to God to grant him eternal rest.

An elder statesman in Suwa, Mr Gabriel Yakubu commended Governor Fintiri for his free education Programme among other giant strides of his administration and assured him and other PDP candidates massive votes of the community.

While on a stop over in Timnu in the Local Government Area, Governor Umaru Fintiri has promised to procure brand new additional transformer for the community for improved electricity as requested by leaders of the community.

The Governor asked the electorates to continue to maintain peace among them as according to him government on its part will not relent until the citizens sleep with their two eyes close across the state.

The State Chairman of PDP, Barrister Tahir Shehu while presenting flag to Hon. Pawikai Bauna as the party’s Candidate for State Assembly Member Lamurde Constituency in Gyawana urged the people to maintain their support for the party.

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Ceremony

Gov Fintiri Turbaned As New Gyana Bachama

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By Muhammad B. Muhammad

Governor Ahmadu Umaru Fintiri of Adamawa State Saturday turbaned as the new Gyana (defender) Bachama by Hama Bachama and Paramount ruler of Bachama Kingdom, Homun Daniel Shaga Ismaila.

The colorful event which held in Lamurde, the headquarters of Bachama Traditional Council was attended by State Deputy Governor, Chief Crowther Seth and some top government officials, party chieftains among others .

Speaking at the event, Homun Shaga Ismaila pointed out that the title is an additional responsibility on the Governor to championing the course of peace and prayed that it will be a path to progress and development of the land.

The royal father commended Governor Umaru Fintiri for ensuring peace and security in Bachama Kingdom revealing that his peace loving subjects now go about their lawful businesses without any hindrance.

“Your Excellency, you have brought peace in our land. Our people now go to their farms in peace without any fear of attacks. I wish you the best of luck in the forthcoming elections and beyond,” said the royal father.

In his vote of thanks, Governor Umaru Fintiri appreciated the royal father for bestowing on him the title of Gyana Bachama and noted that it will no doubt spur him to do more in the area of good governance for the state.

He reiterates his resolve to use the title to promote peace, development and prospery in Bachama land and Adamawa State as well as unite the diversed Adamawa people across the nooks and crannies of the state.

Governor Fintiri had after the turbaning ceremony in company of some top government officials proceeded to commission Governor’s Lodge which was a joint project constructed in Lamurde town.

Highlight of the turbaning event was cultural dance display by various groups.

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Politics

Just In: Adamawa Govt Set To Construct Modire Road In Yola

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By Muhammad B. Muhammad

Governor Ahmadu Umaru Fintiri of Adamawa State says the government will soon flag off construction of Modire Road in Yola South LGA to ease the hardships of motorists and the community.

The Governor announced this when he led the campaign train of the People’s Democratic Party (PDP) to Yolde Pate in Yola South LGA to canvass for votes ahead of the forthcoming elections.

He said survey of the road will soon be conducted for commencement of the project by the contracting firm, Triacta Nigeria Limited.

The Governor equally reminded the people how his administration built Nyibango – Yolde Pate road, saying that of Lakare – Bole project is still ongoing and will be completed in the next 3 months.

“We have so far delivered on our 11- point agenda and in the second tenure of my administration, we will pursue on 8-point agenda for continued reformation of all sectors in the state,” said the Governor.

The Executive Chairman, Yola South LGA Council, Engineer Mohammed Hamidu commended Governor Fintiri for executing People’s oriented projects in the area and assured him massive votes of the residents.

In their separate remarks, Mohammed Yahaya Marafa and Madam Salome Nelson thanked Governor Fintiri for constructing Lakare – Bole road among other giant strides such as payment of Senior Secondary School Certificate Examinations.

Meanwhile, Governor Ahmadu Umaru Fintiri had earlier assured the people of Yadim and Ukituki Wards of Fufore LGA of continuity towards Improving security, and education among other sectors if re-elected.

The Governor who was in Yadim on the political campaign announced the readiness of the Government to asphalt the rural road leading to the area constructed by his administration adding that more projects will be deployed to the community.

In his remarks, the State Chairman of PDP, Barrister Tahir Shehu while receiving decampees into the party, assured them fair treatment while urging them to mobilize votes for the party in the forthcoming elections.

Speaking at the event, PDP Candidate for Verre Constituency, Mr Japhet Hammajabu said Yadim and Ukituki wards supported the Governor in 2019, and will indeed double their votes for him and other candidates of the party in the forthcoming elections.

The Sarki Tsabta Adamawa, Alhaji Hamman Adama Ahijo who recalled how bad the road leading to Yadim was before the coming of the present administration, thanked Governor Fintiri for constructing it and assured him bloc votes of the community and environs.

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