News
Akwa Ibom on a standstill as fuel scarcity paralyses economic activities
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/09/Screenshot_20240925-114846.png&description=Akwa Ibom on a standstill as fuel scarcity paralyses economic activities', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/09/Screenshot_20240925-114846.png&description=Akwa Ibom on a standstill as fuel scarcity paralyses economic activities', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
By Kayode Sanni-Arewa
Akwa Ibom on a standstill over strike by the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) over the seizure of a tankers by the Joint Task Force (JTF).
The absence of fuel in the state has brought economic activity to a grinding halt, as businesses struggle to operate without transportation or power.
“This is unbearable! I have had to close my shop for three days because my customers can’t find a means to come and buy from me. Even the little I have in my fridge is getting bad because there is no light,” lamented an angry shopkeeper in Uyo.
Others said that the fuel scarcity has had a ripple effect on every aspect of daily life, with school and work attendance taking a hit as people are unable to commute. Even hospitals have not been spared from the consequences of the crisis, as ambulances are unable to transport patients in need of critical care.
The crippling effect of the ongoing strike in Akwa Ibom has prompted the state chapter of the Nigeria Labour Congress (NLC) to announce that they will commence a “sit-at-home” this evening. This was confirmed in a statement signed by the NLC Chairman, Comrade Sunny James, who expressed deep concern over the situation and called for urgent intervention by relevant authorities.
GOVERNMENT KEEPS MUM
Government agencies that regulate petroleum products has remained silent on the matter despite the growing outrage from citizens and the NLC’s protest announcement. The absence of a statement or public address from the agencies and Akwa Ibom Government has fueled concerns over the government’s handling of the situation, as many fear that the prolonged crisis could have dire consequences for the state’s economy and overall well-being.
“We are tired of this silence from those who should talk. We want answers and action now. This is affecting the livelihoods of every person in this state. What is he waiting for?” cried a frustrated resident of Uyo.
REASON FOR STRIKE BY NUPENG
A source close to the matter revealed that NUPENG did not take the necessary steps to engage with authorities, including the DPR Coordinator and the Chief of Army Staff, to resolve the issue of seized trucks.
The source also claims that the product was illegally diverted to an unlicensed fuel station for export, which may have further exacerbated the situation.
According to the source, the Governor’s hands may be tied in this matter due to the alleged illegalities involved, stating,
“NUPENG didn’t do enough to address the issue. The product was diverted illegally. Even the Governor might not be able to intervene in such a situation.”
News
Tinubu defends FCTA’s TSA exit, says policy fast-tracked Abuja projects
President Bola Tinubu on Monday defended his administration’s decision to remove the Federal Capital Territory Administration from the Treasury Single Account, saying the policy has provided the financial flexibility needed to accelerate infrastructure development across Abuja.
The President also dismissed claims that the executive was interfering in the affairs of the judiciary through the provision of infrastructure, insisting that supporting the justice sector is a constitutional responsibility of government.
Tinubu spoke while inaugurating the new Office Annex of the Body of Benchers and 10 units of four-bedroom staff quarters at the Nigerian Law School in Bwari, Abuja.
He was represented at both events by the Secretary to the Government of the Federation, Dr George Akume.
Speaking on the decision to exempt the FCTA from the TSA, Tinubu said the move had enabled the administration to execute projects more efficiently by eliminating bureaucratic bottlenecks.
He said, “When we pulled the FCT Administration out of the Treasury Single Account, there were sceptics. There were those who questioned the wisdom of that financial liberation.
“But we did it because we knew that local administration must have the liquidity, the speed and the corporate flexibility to interface with financial institutions and deliver critical projects without bureaucratic strangulation. Today, the results are glaring.”
Tinubu said the visible transformation in the Federal Capital Territory had justified the policy, crediting the Minister of the Federal Capital Territory, Nyesom Wike, for delivering on the administration’s development agenda.
“When I appointed Minister Wike, I gave him a clear mandate to transform Abuja into a modern, functional and world-class capital city.
“Over the last three years, the scale of infrastructural development, urban renewal and project delivery in the FCT has been unmatched,” he said.
The President also commended Wike for resolving the long-standing land documentation challenge facing the Nigerian Law School by facilitating the issuance of its Certificate of Occupancy after years without a formal title.
At the inauguration of the Body of Benchers’ Office Annex, Tinubu described the project as a demonstration of his administration’s commitment to strengthening the rule of law, democratic governance and institutional independence.
Responding to criticisms that the executive was encroaching on the independence of the judiciary by constructing facilities for the legal community, the President rejected the claim.
“Let me be absolutely clear: the provision of infrastructure for the legal community and the judiciary is not an interference in the independence of another arm of government.
“Rather, it is a constitutional and collaborative duty of the executive to ensure that those who interpret and uphold our laws are provided with an environment that fosters operational efficiency and excellence,”he said.
At the Nigerian Law School, Tinubu said quality infrastructure remained essential to producing competent legal professionals, stressing that the government was committed to improving learning and living conditions within the institution.
“We cannot build a world-class legal system with dilapidated infrastructure,” he said.
The President described the newly inaugurated staff quarters as the first phase of broader investments at the Law School, disclosing that the Federal Government was funding the construction of a new auditorium, additional student hostels and the digitisation of the institution’s academic and administrative operations.
He added that similar interventions were ongoing across the justice sector, including the construction of the Abuja Division of the Court of Appeal, magistrates’ courts and residential quarters for judges.
According to him, the projects reflected the administration’s determination to strengthen institutions that sustain democracy rather than merely constructing physical infrastructure.
“We promised not just to govern, but to reform. We promised to rebuild the broken structures of our institutional foundations,” Tinubu said.
He maintained that the projects demonstrated the Federal Government’s commitment to translating its promises into measurable results through sustained investment in critical national institutions.
News
FG spends N358.3bn on electricity subsidy in Q1 2026 – NERC
The Federal Government incurred an electricity tariff subsidy of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC).
In its First Quarter 2026 report released on Monday, NERC said the subsidy represented a 14.44 per cent decline from the N418.79 billion recorded in the fourth quarter of 2025.
The Commission attributed the reduction mainly to lower electricity offtake by distribution companies (DisCos), rather than improvements in tariff recovery.
NERC explained that because electricity tariffs remain below cost-reflective levels, the Federal Government continues to subsidise the difference between the actual cost of power generation and the approved tariffs charged to consumers.
Under the current Distribution Companies’ Remittance Obligation (DRO) framework, the subsidy covers part of the generation costs payable by DisCos to the Nigerian Bulk Electricity Trading Plc (NBET), while the Federal Ministry of Finance settles the outstanding balance.
According to the report, electricity generation companies invoiced a total of N689.72 billion for power supplied to the 11 electricity distribution companies during the quarter. However, only N331.40 billion was billed to the DisCos under the DRO arrangement, leaving the Federal Government to cover the remaining N358.32 billion.
NERC said the subsidy accounted for 51.95 per cent of the total generation invoice during the period, compared with 52.03 per cent in the preceding quarter.
“The key driver of this reduction in the Federal Government’s subsidy obligation is the decrease in energy offtake by the DisCos by 8.56 per cent between the fourth quarter of 2025 and the first quarter of 2026,” the Commission stated.
The report also showed that the 11 DisCos collected N597.56 billion out of the N756.93 billion billed to customers during the quarter, representing a collection efficiency of 78.95 per cent, slightly below the 79.36 per cent recorded in the previous quarter.
Among the distribution companies, Ikeja Electric recorded the highest collection efficiency at 90.0 per cent, followed by Eko DisCo with 89.64 per cent, Benin DisCo with 85.16 per cent, Port Harcourt DisCo with 81.22 per cent, and Abuja DisCo with 80.90 per cent.
Kaduna DisCo recorded the lowest collection efficiency at 45.81 per cent.
NERC noted that while Jos, Kaduna, Kano, Port Harcourt and Benin distribution companies improved their collection efficiencies compared with the previous quarter, the remaining six DisCos recorded declines, with Enugu DisCo posting the sharpest drop.
News
Tinubu meets Alia, Suswam behind closed doors as Benue crisis deepens
President Bola Tinubu is currently in a private meeting with Benue State Governor Hyacinth Alia and former governor, Senator Gabriel Suswam, at the Presidential Villa in Abuja.
The Monday meeting is taking place at a time of rising political tension in the North-Central state.
No official details have been released, as discussions are ongoing behind closed doors.
The engagement comes amid growing divisions within the Benue chapter of the ruling All Progressives Congress (APC), where Governor Alia and allies of the Secretary to the Government of the Federation (SGF), Senator George Akume, are reportedly struggling for control of the party structure ahead of the 2027 elections.
It also follows recent political shifts in the state, with Senator Suswam’s name surfacing after the APC senatorial primaries as a notable figure ahead of the next election cycle.
While it remains unconfirmed whether the state’s political crisis is on the agenda, the timing of the meeting has fueled speculation that the Presidency may be stepping in to calm tensions, reconcile rival blocs, and encourage unity among key political actors in the state.
As of the time of filing this report, the Presidency had not released any official statement on the outcome of the discussions.
-
News14 hours agoJust in: Tony Elumelu to vacate UBA Group, details here
-
Entertainment20 hours agoDavido Gives Reasons Why He Honoured Abducted Oyo Sch Victims at FIFA World Cup
-
News19 hours agoNiMet warns of flooding in Lagos, Ogun 25 other states
-
Metro1 hour agoEFCC Opens N15.6 Billion Fraud Case Against Ex-Skye Bank Chairman, Ayeni
-
News19 hours agoDAY 19 of Projects Commissioning in the FCT
-
News19 hours agoXenophobia: FG conclude plans to evacuate 270 Nigerians from South Africa
-
Sports18 hours ago10-man England team sends Mexico out of World Cup sails into quarters
-
News13 hours agoRussian Airstrike k!lls 23-yr-old female Nigerian Medical graduate in Ukraine days to graduation ceremony

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login