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Most filling stations yet to get Dangote petrol – IPMAN

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One week after the Nigerian National Petroleum Company Limited commenced loading Premium Motor Spirit, popularly called petrol, at the Dangote Petroleum Refinery, most filling stations across the country have yet to get the product.

Independent petroleum marketers who operate over 70 per cent of filling nationwide, told Sunday PUNCH on Saturday that petrol from Dangote refinery had yet to be dispensed to them by NNPC.

When contacted and asked if most dealers have started receiving the product from the $20bn Lekki-based plant, the National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, replied, “We are waiting to start.”

NNPC officially commenced the loading of petrol from the 650,000 barrels per day capacity Dangote Petroleum Refinery last Sunday.

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NNPC said at the time that it was to load 16.8 million litres of petrol from the plant, in contrast to the 25 million litres that the refinery had announced earlier as what it would release to the national oil company daily.

The spokesperson of NNPC, Olufemi Soneye, confirmed that over 70 trucks of PMS departed the Dangote refinery last Sunday, which was the first day for the release of petrol from the plant to the domestic market.

Since then, the company has been taking products from the plant, as it also directed major marketers to lift petrol based on agreements with them, but on Saturday it was confirmed that independent marketers were yet to get Dangote petrol.

NNPC, which is currently the sole off-taker of PMS from the Lagos-based refinery, did not immediately respond to enquiries on why IPMAN members have not been allowed to access the product from the Dangote refinery.

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The National Publicity Secretary of IPMAN, Chief Ukadike Chinede, also confirmed that members of the association were still awaiting NNPC as regards petrol supply from the Dangote refinery.

Asked if most filling stations particularly those operated by IPMAN members have started getting Dangote petrol, he replied, “No, we have not started getting Dangote fuel from NNPC. As of this time, we haven’t.

“The current situation is that NNPC is still serving us with their imported products. That’s what we are loading for now and they haven’t communicated to us about the issue of Dangote.

“I think what they (NNPC) did was to take Dangote fuel to their own (NNPC) retail outlets because there was no design for NNPC to give IPMAN products via trucks.”

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Ukadike said independent marketers were willing buyers and called for the release of products to IPMAN, as he noted that the national oil company had been supplying Dangote petrol to major oil marketers.

“What we do is self-picking. We use our trucks to pick products. So if we were factored into picking up petrol from Dangote, our trucks would have been at its terminals.

“But this time, it is only for NNPC mobilised trucks. We are still waiting for further directives and like I said in other interviews, we are willing buyers and what we are looking for is a willing seller.”

On why the cost of Dangote petrol is high, the IPMAN official said, “I heard that NNPC is selling at N776/litre to major marketers but they haven’t started selling to independent marketers.

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“When you add logistics costs and other necessary things, you would understand why it still sells at the current price. However, when there is an adequate supply of petrol, the price will reduce. Also, the price of diesel is still high. Once the price of diesel goes down, the price of trucking will go down.”

Senior officials of some major oil marketing firms told one of our correspondents that they had commenced the lifting of petrol from the Dangote refinery based on specific arrangements with NNPC.

They also confirmed that the cost which they bought the product from NNPC was N766/litre, but could not tell the price at which the product was sole to NNPC by Dangote.

“As I told you last week, the cost which NNPC sold to us is N766/litre. We paid NNPC, not Dangote and we lifted products based on the arrangement with NNPC. Dangote and NNPC know the price which they both agreed on, so they are in the best position to state that,” a major marketer who spoke in confidence due to lack of authorisation to speak on the matter, stated.

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Last week, NNPC’s spokesperson said the company bought petrol from Dangote at N898/litre, but this was countered by the refinery, without stating the price that it sold the product to NNPC.

“The report stating that we (NNPC) purchased it at N1,300/litre is false. For this initial loading, the price was N898/litre,” Soneye had stated.

But Dangote refinery denied the price with Anthony Chiejina, Dangote Group’s Chief Branding and Communications Officer, labelling the claim as “misleading and mischievous,” stating that it undermined the company’s recent milestone in addressing Nigeria’s long-standing energy crisis.

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Core Public Servants hail Tinubu for appointing thoroughbred Procurement officer, Adedokun as BPP DG

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A group under the aegis of Core Public Servants, CPS hail President Bola Tinubu for appointing Dr Adebowale Adedokun, a thoroughbred Procurement officer as the Director General of Bureau of Public Procurement, BPP.

CPS in a congratulatory letter signed by Kudirat Akindero to Adedokun lauded President Tinubu for following due process and picking the most qualified to run the affairs of the soecialised agency.

In the letter, the ADSC said:

“Congratulations to Dr. Adebowale Adedokun, PhD (MCIPS, CMILT), on his appointment as the Director-General/Chief Executive Officer of the Bureau of Public Procurement (BPP).

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“This significant achievement reflects his extensive expertise and unwavering dedication to advancing public procurement in Nigeria.

“With over 20 years of robust experience in public service, Dr. Adedokun has made substantial contributions to procurement reform.

“His distinguished academic background includes a doctorate in Procurement and Supply Chain Management, complemented by four master’s degrees in Procurement, Finance, Technology, and Transportation Management.

” This diverse educational foundation equips him with a comprehensive understanding of the complexities inherent in procurement processes.

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“In his career, Dr. Adedokun has held pivotal roles, including serving as a National Consultant for the United Nations Development Programme (UNDP) on public procurement reforms.

“He represents Nigeria in the International Research Study on Public Procurement (IRSPP) and serves as a World Bank Resource Person on Sustainable Procurement. His commitment to capacity building is evident in his training of over 4,000 federal and state government procurement professionals nationwide.

” Additionally, he has been instrumental as the focal point officer for the UN Women Project aimed at empowering women in procurement in Nigeria and as the Project Coordinator/Procurement Node for the SPESSE – World Bank Project.

“Dr. Adedokun’s professional affiliations are extensive, including membership in the Chartered Institute of Procurement & Supply (CIPS), UK; Chartered Membership in the Chartered Institute of Logistics & Transport (CILT); Fellowship in the Institute of Strategic Management Nigeria (ISMN); Fellowship in the Institute of Management Consultants (ICMC), Nigeria; membership in the Nigerian Institute of Chartered Arbitrators (ACArb); Fellowship in the Nigeria Institute of Training & Development (NITAD); membership in the Nigeria Institute of Management (NIM); and membership in the Association of Certified Fraud Examiners (ACFE).

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In recognition of his consistent contributions to reform, Dr. Adedokun was honored with a Certificate of Special Recognition by USAID’s Nigerian Reforms Project in July 2009.

As he assumes the role of Director-General of the BPP, Dr. Adedokun’s extensive knowledge and experience are anticipated to significantly contribute to the agency’s strategic repositioning.

” His leadership is expected to advance efficiency, transparency, and accountability within Nigeria’s public procurement system.

Once again, congratulations to Dr. Adebowale Adedokun on this well-deserved appointment.

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Brain Drain, Infrastructure, Resource Allocation Challenges Of Health Sector – Reps

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By Gloria Ikibah
The House of Representatives has highlighted the detrimental impact of the mass migration of health workers from Nigeria, describing it as a major challenge to the country’s healthcare system.
The Chairman, House Committee on Health Institutions,  Rep. Amos Magaji, stated this during a public hearing on 16 bills aimed at establishing various health institutions, on Thursday in Abuja.
Rep. Magaji underscored the need for better distribution of healthcare facilities, particularly in rural areas, to address population growth and healthcare gaps.
He noted, “Recently, there has been an enormous migration of doctors, nurses, and other health workers in search of ‘greener pastures,’ leaving Nigeria’s health sector severely understaffed. To improve the sector, we must invest in human resources, medical intelligence, and the administrative appointment of capable persons based on merit.”
The Chairman also brought to light the infrastructural deficiencies in healthcare institutions across the country, citing inadequate funding, lack of maintenance, and insufficient equipment as recurring issues.
The Minister of Health, Prof. Mohammed Ali Pate, represented by Dr. Jimoh Olawale Salahudeen, in his submission warned against the duplication of health institutions, and stated that such efforts would strain the already scarce resources.
He explained, “Existing Federal Teaching Hospitals and Medical Centers in Nigeria, including those in the North West, already provide cardiovascular care and related services. Establishing a new institute would add financial burden without addressing the core issues.”
Pate also acknowledged the migration of health workers and the need for a stronger workforce to handle emerging health challenges.
“The Federal Ministry of Health supports the establishment of new institutions but insists on considering geographical spread, population density, and disease burden in proposed locations,” he added.
The hearing emphasised the need for balanced development in the healthcare sector, adequate funding for existing institutions, and policies to retain health professionals in Nigeria.
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Access Bank (UK) Limited to Acquire AfrAsia Bank Limited

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By Gloria Ikibah
Access Holdings PLC has announced that its subsidiary, The Access Bank UK Limited (“Access UK”), has signed a binding agreement to acquire a majority stake in AfrAsia Bank Limited, the third-largest bank in Mauritius by total assets.
Mauritius, known for its strong financial sector, which contributes 13.4 per cent to its GDP, offers Access UK a strategic base to grow its personal and corporate banking services.
This was contained in a statement by its Company Secretary, Sunday Ekwochi, made available to Naijablitznews.com on Thursday.
According to Ekwochi, the acquisition will also position Mauritius as a hub for Access Bank’s trade finance operations, enhancing its ability to manage cross-border transactions across Africa and internationally.
AfrAsia Bank, as of June 30, 2024, reported total assets of over $5.7 billion and a net profit after tax of $152.4 million, underlining its solid financial position.
**Key statements on the acquisition:**
– Managing Director/CEO of Access Bank Plc, Roosevelt Ogbonna, speaking on the acquisition said:  “This acquisition is a crucial step in our African growth strategy, strengthening our position as a top Pan-African financial institution. Mauritius’ role as a financial hub aligns with our vision to unlock opportunities that drive trade, support businesses, and promote economic inclusion across the region.”
Also Managing Director of Access Bank UK, Jamie Simmonds, stated: “AfrAsia Bank’s strong balance sheet and established brand in Mauritius give us a solid platform for sustainable growth. This deal supports our strategy to diversify earnings and provide clients with seamless access to global markets.”
Access Bank UK aims to promote sustainable growth, deliver innovative financial solutions, and support trade between Africa and the world.
The acquisition process will be finalized in the coming months, with updates provided as needed.
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