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Petrol scarcity spreads to Lagos, Oyo, Ondo, Osun, Edo, others
Petrol scarcity spreads to Lagos, Oyo, Ondo, Osun, Edo, others
The shortage of petrol on Sunday spread to Lagos State.
Motorists and others waited for hours in queues at the few filling stations dispensing the product.
Other states that experienced acute scarcity are Oyo, Osun, Ondo, Edo, Anambra, Enugu, Abia, Benue, Plateau, Kaduna, Katsina, Niger and Jigawa.
The scarcity first hit the Federal Capital Territory (FCT) last week. But an improvement was noticed by The Nation across Abuja yesterday.
Most Nigerian National Petroleum Company Limited (NNPCL) franchise stations, especially in Lagos, had their gates closed to motorists due to a lack of stock.
However, some marketers that opened for business in the nation’s commercial capital had queues.
Scores of jerry can–carrying residents were also seen struggling for access.
Unlike independent marketers who cashed in on the situation to slightly hike their pump prices, the majors did not.
But, as vehicle owners and other petrol users lamented the situation, the NNPC Ltd and Independent Petroleum Marketers Association of Nigeria (IPMAN) blamed the scarcity on the logistics challenge.
They, however, gave an assurance that normalcy would return this week as product lifting started by marketers.
NNPCL Chief Communications Officer, Olufemi Soneye, said the company had no issues with stock availability.
He explained that each time a supply disruption happens(like the one caused by logistics hiccups), it normally takes a maximum of five days for normalcy to return.
“It (logistics challenge) has been resolved. The thing is once there’s a day or two in disruption it takes about three to five days for normalcy to return. We have products and there is no cause for worry,” Soneye said.
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Reps Quiz Federal Polytechnics Damaturu, Mubi, Monguno Over Infractions
By Gloria Ikibah
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Obasanjo narrates how he escaped becoming drug addict
Former President Olusegun Obasanjo has revealed how he almost became a drug addict.
He spoke in Abeokuta over the weekend at the second edition of ‘Fly Above The High’ anti-drug campaign conference organised by the Recovery Advocacy Network.
Obasanjo stated that smoking during his youthful age led to chronic coughing and almost became an addiction.
The former President, while lamenting the increase in drug abuse among Nigerians and other West Africans, urged Nigerian students and young people to refrain from abusing psychoactive drugs, saying that they ruin life rather than enhance it.
“If I had persisted, I could have become addicted. Once you get involved, it is difficult to get out.
“There’s nothing drug can do for you except destruction.
“We found out that West Africa has equally been a centre for drug consumption in a very bad way. That was more than 10 years ago, so the situation has since gone worse. And whatever applies to West Africa applies to all other parts of Africa,” Obasanjo said.
He cautioned against stigmatization and urged individuals who are already addicted to psychoactive drugs to get help.
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We saved $20bn after Petrol Subsidy Removal and FX Rate Reforms, Says Finance Minister
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.
Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.
“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.
“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”
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