News

Tanker drivers threaten to stop petrol lifting Monday

Published

11 months ago

February 16, 2024

Nigeria may witness another round of fuel scarcity as the Nigerian Association of Road Transport Owners, on Thursday, vowed to stop lifting petroleum products beginning from next week Monday due to the high cost of operations.

NARTO members have repeatedly raised concern over the high cost of diesel required to power their trucks for the transportation of petroleum products across the country.

Oil marketers told our correspondent on Thursday that diesel price is between N1,250 to N1,400/litre depending on the area of purchase.

NARTO’s President, Yusuf Othman, in a statement he issued in Abuja on Thursday, said the statement was an official announcement from the association’s headquarters that members of the group would park their trucks from Monday.

“Why? It is because what we spend on operations is more than what we get in total, both in local and bridging,” he stated.

Othman said NARTO members had being operating at a loss and it was no longer sustainable for them to endure the losses.

“We will have to suspend operations latest from now till on Monday. We cannot continue to operate at a loss. Most people have parked. A lot more are going to park. But from the point of the association itself, we are going to suspend operations on Monday,” he stated.

He said NARTO’s efforts to get the intervention of key stakeholders, the Federal Government and industry operators had not yielded positive results.

The NARTO president said the association had written letters on the unbearable cost of operations to the Chief of Staff to President Bola Tinubu; Minister of Petroleum Resources; Department of State Services; Nigerian Midstream and Downstream Regulatory Authority; Nigerian National Petroleum Company Limited; and oil marketers.

“We have written letters up to the level of the Chief of Staff to the President. We have written to the Minister of Petroleum Resources (Oil). We have written to the Director-General of SSS. We have written to NNPC’s boss. We have written to the NMDPRA. We have written to the major marketers,” Othman stated.

He stressed that despite the letters, there has been “no response.”

Analysing the market situation, which the members have endured for several months, he stated that the same freight rate that applied when former President Muhammadu Buhari was in ruling, was still subsisting.

“The Lagos to Abuja freight rate that was implemented when the dollar was N650 is still retained now that dollar is N1,615. Everybody is aware that all our consumables in terms of operation are not produced in the country.

“So, by virtue of the rate of dollars, every consumables has increased. But the freight they are paying us has been the same since Buhari’s time. So how is that feasible? During Buhari’s time, one dollar was N650. Today, dollar is N1,615. The average freight from Lagos to Abuja is N32,” he stated.

Othman further explained that “what I mean by local is that when you load in Lagos, you discharge in Lagos. And bridging means that when you load from Lagos, you come to Abuja. Lagos to Lagos, we are paid N120,000.

“AGO (diesel) alone to distribute fuel within Lagos is N140,000 because it is N1,400/litre. So, they give you N120,000 and you spend N140,000. So how do you want to operate? You’ve not talked about the cost of vehicles, cost of loading, driver’s allowance. That is for local.”

He stated that the cost of moving products out of Lagos or Warri to other states was far higher than what the government was paying to tanker drivers as bridging claims.

The government pays an agreed sum to transporters of petroleum products as bridging claims in order to ensure equality in the pump prices of these products across states, though this has not been the case.

NARTO is the umbrella organisation for commercial vehicle owners in Nigeria. The association represents the interests of those involved in haulage of petroleum products, general cargoes and passenger movement within the country and the West African sub-region.

NARTO has expressed several concerns regarding transporting petroleum products in Nigeria, impacting both their members and the overall efficiency of the process.

It has complained of poor road conditions, as frequent potholes, dilapidated bridges, and lack of proper maintenance lead to increased wear and tear on vehicles, higher running costs and longer journey times.

The association has also raised concern about traffic congestion, particularly around ports and depots, as this adds significantly to delivery delays and further increases operational costs.

On inadequate parking facilities, NARTO had stated that the lack of safe and designated parking areas often forced drivers to park in unsafe locations, leading to security risks and fatigue.

It had also raised concerns about the multiple checkpoints in Nigeria, as numerous security checkpoints could cause unnecessary delays and harassment for drivers.

Another issue is delayed payments, as late payments from oil marketers create cash flow problems for transporters.

Also the association has called for safety, because the theft of petroleum products, pipeline vandalism and other security threats create risks for drivers and equipment.

On policy and regulatory concerns, NARTO had observed that some depots limit access to specific transporters, impacting competition and efficiency.

It had stated that inconsistent or ambiguous regulations could lead to confusion and enforcement challenges, adding that transporters often struggled to access affordable financing for vehicle maintenance and upgrades.

News

Covenant, ABU Emerge Top In Nigeria as 2025 world university ranking released

Published

3 minutes ago

January 22, 2025

Naijablitznews

Covenant University (CU) has again been listed as Nigeria’s overall best university in Times Higher Education (THE) 2025 Rankings.

In the 2025 rankings, the Ahmadu Bello University, Zaria came second, displacing the University of Ibadan which occupied the position for the 2024 ccrankings.

The Times Higher Education World Rankings is a comprehensive global ranking of universities published annually.

The 2025 rankings THE said it ranked more than 2,000 institutions from 115 countries and territories.

Globally, Oxford holds on to the top spot for the ninth consecutive year, bolstered by significant improvements in industry engagement and teaching. MIT rises to second place, overtaking Stanford, which drops to sixth.

The ratings were done based on 18 carefully calibrated performance indicators that measure an institution’s performance across five areas: teaching, research environment, research quality, industry, and international outlook.

University of Oxford
Massachusetts Institute of Technology
Harvard University
Princeton University
University of Cambridge
Stanford University
California Institute of Technology
University of California, Berkeley
Imperial College London
Yale University

Top ranked Nigerian universities

1. Covenant University
2. Ahmadu Bello University
3. Landmark University
4. University of Ibadan
5. University of Lagos
6. Bayero University
7. Federal University of Technology Akure
8. Federal University of Technology, Minna
9. University of Benin
10. University of Ilorin

11. University of Nigeria Nsukka
12. Ekiti State University
13. Federal University of Agriculture, Abeokuta
14. Federal University of Technology, Owerri
15. Federal University Oye-Ekiti
16. Ladoke Akintola University of Technology
17. Lagos State University
18. Nnamdi Azikiwe University
19. Obafemi Awolowo University
20. University of Port Harcourt

21. Usmanu Danfodiyo University, Sokoto
22. Abia State University
23. Akwa Ibom State University
24. Alex Ekwueme Federal University, Ndufu-Alike
25. Ambrose Alli University
26. Baze University
27. Bells University of Technology
28. Benson Idahosa University
29. Bowen University
30. Delta State University, Abraka

31. Evangel University, Akaeze
32. Federal University of Petroleum Resources, Effurun
33. Godfrey Okoye University
34. Lagos State University of Education
35. Lagos State University of Science and Technology
36. Nasarawa State University, Keffi
37. Niger Delta University
38. Nile University of Nigeria
39. Osun State University
40. Rivers State University

41. Thomas Adewumi University
42. University of Cross River State
43. University of Maiduguri
44. Veritas University, Abuja

News

Court dismisses SERAP’s suit against NASS budget

Published

58 minutes ago

January 22, 2025

Naijablitznews

By Francesca Hangeior

Justice James Omotosho of the Federal High Court sitting in Abuja has dismissed a suit by the Incorporated Trustees of the Socio-Economic Rights and Accountability Project, SERAP, challenging the powers of the National Assembly to amend its budget in the 2024 Appropriation Act.

Justice Omotosho ruled, among others, that SERAP lacked the locus standi to institute the suit.

The judge upheld the argument of Dr. Sheriff Adesanya, who represented the 1st Respondent (the Senate President), that the interest of SERAP and that of the 20 concerned citizens it represented, was no greater than that of the general public.

Furthermore, Justice Omotosho agreed with Dr. Adesanya (of Abiodun Adesanya & Co) that the plaintiff’s claims were without merit.

He dismissed the case in its entirety.

SERAP, through Andrew Nwankwo of Eko Akete Chambers, had contended that the National Assembly’s unilateral increase of its budget allocation from ?197 billion to ?344 billion contravened Section 81 of the Constitution, the Code of Conduct for Public Officers, and democratic principles, particularly the separation of powers.

The organization sought a declaration that the budgetary increase was unconstitutional and requested orders compelling the National Assembly to adhere to constitutional procedures by re-presenting any amended appropriation bills to the President for approval before enactment.
Apart from arguing that the Plaintiffs had no standing to initiate the suit, Dr. Adesanya also defended the procedural validity of the National Assembly’s budgetary actions, Saying SERAP failed to show that the lawmakers’ action was procedurally irregular.

The lawyer had told the court that “It is respectfully submitted that the presumption of regularity enjoyed by the National Assembly’s Act must be rebutted by the Plaintiffs.

“Apart from speculative claims by the Plaintiffs that the altered appropriation bill was not forwarded to the President after amendment by the National Assembly, there is no evidence (assuming such alteration necessitated representation to the President) to support this assertion.”

News

Nigeria prosecutes 100 terror financiers in 2 years —Tinubu

Published

1 hour ago

January 22, 2025

Naijablitznews

By Francesca Hangeior

President Bola Tinubu, yesterday, announced that Nigeria has successfully prosecuted over 100 terrorist financiers in the past two years as part of its ongoing fight against financial crimes and terrorism financing.

This effort aims to disrupt the financial networks supporting terrorist groups such as Boko Haram and Islamic State West Africa Province, ISWAP, ultimately safeguarding communities and fostering a secure environment for development.

The announcement was made by Secretary to the Government of the Federation, SGF, Mr. George Akume, who represented Tinubu at the National Anti-Money Laundering, Combating Terrorism Financing and Counter Proliferation Financing Compliance Summit held in Abuja.

He said: “By taking away the funds, resources and material support behind Boko Haram and ISWAP, we are denying them the ability to inflict terror on our communities and citizens.

“We have made progress to tackle the threats of terrorism and other violent crimes through the gallant action of our frontline troops and our security agencies.

“Through the efforts of the office of the national security adviser and the attorney-general of the federation, we have prosecuted and convicted over 100 terrorist financiers in the last two years.
“It is an approach that we are utilising as a fundamental component of our national strategies to combat serious criminal offences.”

Hafsat Bakari, Chief Executive Officer of Nigerian Financial Intelligence Unit, NFIU, who also spoke at the summit, highlighted the importance of collaboration among various stakeholders, including political leaders, financial institutions, law enforcement agencies, and international partners.

“The fight against financial crimes is not one that any single entity can win alone. It requires the collective strength and commitment of our political leaders, regulators, financial institutions, law enforcement and security agencies, and international partners,” Bakari stressed.