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Just in: FG Opens Up On Ordering NNPC To Raise Fuel Price Above N1k Per Litre
By Mario Deepromoter
FG has denied giving directive to NNPC to raise fuel price above N1k per litre.
Recall the Federal Government had denied a report suggesting that the Ministry of Petroleum Resources ordered the Nigerian National Petroleum Company Limited to sell fuel at N1,000 above the approved pump price.
The report claimed that the Minister for Petroleum Resources (Oil), Heineken Lokpobiri, gave the NNPCL the directive.
Dismissing the report in a statement signed by the Special Adviser, Media and Communication, to Lokpobiri, Nnemaka Okafor, on Tuesday and made available to our correspondent, the FG declared that the report was concocted and ill-conceived to sow discord and confusion in the oil industry.
The statement stressed that there was never a time the FG interfered with petroleum pricing with NNPCL, let alone give directives for price increments.
The statement read, “The Federal Government is compelled to address the outright falsehoods currently being circulated on social media, which claim that the Minister of Petroleum Resources (Oil), Senator Heineken Lokpobiri, has directed the Nigerian National Petroleum Company Limited to inflate petroleum prices above the approved pump price.
“We categorically condemn these claims as baseless, malicious, and a deliberate attempt to incite public discontent. We challenge anyone in possession of any evidence it written documents, audio, or video recordings-that supports these fabrications to make it public.
“Such a claim is entirely devoid of truth and should be recognised as an intentional effort to mislead the public. It must be stressed that NNPCL operates as an independent entity under the Companies and Allied Matters Act, with a fully empowered Board of Directors.
“The Ministry of Petroleum Resources does not, and will not, interfere in the internal decisions of NNPCL, including pricing matters. Any suggestion otherwise is not only incorrect but also reveals a profound misunderstanding of the deregulated nature of Nigeria’s petroleum sector.”
Niger State’s Executive Council has proposed a massive N1.2 trillion budget for 2025 fiscal year.
This proposal was unveiled by Commissioner of Budget and Planning Mustapha Ndajiwo during a Government House Council meeting, as announced by the Governor’s Special Adviser Abdullberqy Usman Ebbo on social media X.
Ebbo explained that the commissioner told the council that the estimate is made up of N188.42 billion or 15.68 per cent recurrent and 1.01 trillion or 84.34 per cent capital expenditure respectively.
The commissioner stated that when compared with the approved budget of 2024, the estimate represents an increase of 32.94 per cent.
” The Commissioner in his analysis also stated that even though the 2024 approved budget was supplemented with the sum of N191.98 billion, the breakdown of the draft 2025 proposals revealed an increase of 1.18 per cent and 32.98 per cent in recurrent and capital expenditure respectively, ” Ebbo stated.
He noted that Governor Mohammed Umar Bago in his remarks, explained that the size of the estimate was informed by the gap in infrastructure and key development areas and the inflationary trend of the country.
After the presentation, the council deliberated on it and approved the estimates.
It then directed the Commissioner for Budget and Planning, Mustapha Ndajiwo to prepare for submission to the Niger State House of Assembly for approval.
President Bola Tinubu has approved the appointment of Jami’u Abiola, son of late Moshood Abiola, as senior special assistant to the president on linguistics and foreign matters.
Segun Imohiosen, director of information, office of the Secretary to the Government of the Federation (SGF), in a statement, said the appointment takes effect from November 14, 2024.
“This is in line with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended”
Until his appointment, Jami’u has served as the special assistant to the president on special duties in the Office of the Vice President.
The statement said President Tinubu tasked the appointee to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new assignment.
Edo State Governor, Senator Monday Okpebholo, has halted the free bus service system in the state.
The governor had earlier on Wednesday approved the free bus services for residents of the state through the Edo City Transport Service.
In a press statement released by Okpebholo’s Chief Press Secretary, Fred Itua, the initiative was described as part of the administration’s effort to entrench its policy direction.
The free bus service, according to the governor, was to cover the Benin metropolis and the three senatorial districts of the state (intra- and intercity routes) and was intended as a commitment to enhancing the welfare of Edo residents.
However, in a subsequent statement on Wednesday night, Itua said the earlier announcement regarding the approval of the free bus services should be disregarded.
The statement read: “The earlier statement announcing the approval of free bus services by the Governor of Edo State, Senator Monday Okpebholo, should be disregarded.
“The governor is being briefed on issues surrounding the operation of the state-owned Edo City Transport Service, operators of the free bus services.
“For now, the free bus services have been placed on hold. A new decision by the governor will be communicated to the general public.”
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