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Fed govt won’t interfere in NNPC, Dangote petrol price war – Presidency

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The Federal Government has refused to intervene in the ongoing controversy between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery over petrol pricing.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known during a press briefing  at the State House on Wednesday, stating that both entities are business concerns operating in a deregulated market.

The PMS regime has been deregulated, making Dangote a private company and NNPC a limited liability company.

Onanuga emphasized that the Petroleum Industry Act (PIA) allows NNPC to operate independently, despite being owned by the federal, state, and local governments.

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According to Onanuga, private marketers who find NNPC or Dangote’s prices too high can import fuel and sell it at a reasonable price, benefiting consumers, explaining that this is made possible by the deregulated market, which ultimately benefits consumers if a price war starts.

“Now to the question about the cost of PMS, well, let me say that, as far as this government is concerned, the PMS regime has been deregulated, Dangote is a private company. We should not forget NNPC is a limited liability company. Whatever controversy both of them are having is their own problem.

“If you go by the terms of Petroleum Industry Act, NNPC is on its own, even though it’s owned by the federal government, the state governments and local councils, but it’s operating as a limited liability company.

“You can see what the private marketers said; that if think they find the NNPC or Dangote’s prices too much for them, they will resort to importing fuel because it’s a deregulated market, at the end of the day, it’s the consumer who benefits if a price war starts.

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“If NNPC’s fuel is too much (expensive), the private marketers can go to the market and bring in their own fuel and sell at the price that they think is very reasonable and profitable for them.

“So my answer is that, as far as government is concerned, government is not dabbling to this controversy. Dangote is a private company, it’s working on its own. NNPC is a limited liability company and it has the right to fix the price of its own fuel”, he said.

The controversy began when NNPC revealed that Dangote Refinery sold petrol to them at N898 per liter, which Dangote disputed, calling the claim misleading and mischievous.

The refinery’s pricing has been a subject of debate, with reports suggesting varying prices across different states.

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Reports indicate petrol prices range from N950.22 per liter in Lagos State to N1,019.22 per liter in Borno State.

Other states, including Oyo and Ogun, Rivers and Imo, and the Federal Capital Territory, Abuja, have prices ranging from N960.22 to N992.22 per litre.

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Insecurity! Troops arrest Bello Turji’s ally Bako, silence 211 terrorists in 7 days

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A suspected terrorist has been nabbed by the troops in the North West theatre of operation.

The arrested high profile and notorious terrorist was identified as Bako Wurgi. The terror leader is linked to the murder of the Sokoto Monarch and a staunch ally of wanted high profile terrorist Bello Turji’s.

In a statement made available to journalists on Friday in Abuja, the Defence Director Media Operations, Major General Edward Buba said the arrested terrorist leader, Bako Wurgi, eventually succumbed to gun shot injuries sustained during the fire fight.

According to General Buba, the terrorist leader Wurgi provided valuable intelligence to support troops operations before he eventually passed on.

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General Buba also disclosed that another two high profile terrorists identified as Hamisu Sale (aka Master) and Abubakar Muhammad were arrested during seperate operations conducted in North Central theatre of operation.

In his words, the duo are cooperating and providing valuable intelligence on the terror network.

The DHQ spokesman was deadpan when he said that, “Troops are on high alert and have increased readiness to protect the country from further terrorist aggression, particularly during the yuletide.

Accordingly, robust operations targeted at terrorist leadership are being conducted across the various theatres of operations.”

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He disclosed that during the week under review, troops neutralised 212 and arrested 272 persons.

The DHQ publicist informed that troops recovered 247 assorted weapons and 6,174 assorted ammunition.

Giving the breakdown, General Buba said 2 RPG UXO4, 110 AK47 rifles, 56 fabricated rifles, 36 dane guns and 2 FN rifles were recovered during the week under review.

Others include, 2 baretta pistols, 15 locally made pistols, 2 revolver pistols, 12 pump action guns, 2 double barrel guns, one single barrel gun, one RPG bomb, one RPG tube, 2 exploded RPG chargers, one PKM link, one link of GPMG and 70 AK47 magazines.

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Also recovered are 3,235 rounds of 7.62mm special ammo, 1,583 rounds of 7.62mm NATO, 130 rounds of 7.62 x 51mm ammo, 400 rounds of 7.62 x 39mm ammo, 92 rounds of 7.62 x 54mm ammo, 107 rounds of 9mm ammo, 311 live cartridges, one FN magazine, 3 bandoliers, 5 baofeng radios, 8 vehicles, 51 motorcycles and 103 mobile phones amongst other items.

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Speaker Abbas Refutes Claims of Outstanding Land Payment to FCTA

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By Gloria Ikibah

The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has clarified reports alleging that his land title in the Federal Capital Territory (FCT) was revoked due to unpaid dues.

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In a press statement issued on December 20, 2024, the Speaker’s Special Adviser on Media and Publicity, Musa Abdullahi Krishi, affirmed that Speaker Abbas owns only one land title in the FCT and had fully settled the required payment in October 2024. This payment was made promptly after the Federal Capital Territory Administration (FCTA) issued public notices in the newspapers regarding outstanding obligations.

The Speaker described the inclusion of his name among defaulters as an error on the part of the FCTA and urged the agency to exercise greater caution in managing such matters.

He also called on the media to verify facts thoroughly before publishing reports, cautioning against the dissemination of misleading information that could tarnish his reputation.

The Speaker therefore appealed for restraint in circulating inaccurate.

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Wike gives final ultimatum to land owners to pay for C-of-O

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Minister of the Federal Capital Territory (FCT), Nyesom Wike, has given owners of the 762 plots of land in Maitama II District, Cadastral Zone, A10, Abuja, a fresh two-week ultimatum to pay for their Certificates of Occupancy (C-of-O) or risk final revocation of their allocations.

According to a statement on Friday, by his Senior Special Assistant on Public Communications and New Media, Lere Olayinka, the FCT Minister reiterated that the primary interest was not for people to lose their lands, but to get them to make necessary payments to the government.

The statement read: “It should be recalled that on October 5, 2024, list of 3,273 allottees/title holders that were yet to pay for their C-of-O were published. They were offered two weeks to pay their bills or lose their Right of Occupancy (R-of-O) titles. Out of the 3,273, a total of 2,511 complied, leaving 762.

Yesterday, notice of withdrawal of the R-of-O titles of the 762 defaulters was published.

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“Since then, many of the affected allottees have offered to pay, and since the primary aim of the government is to ensure payment, a two weeks grace has been given.

“Consequently, the 762 allottees and the 614 others with outstanding payment on C-of-O will have till January 3, 2025 to pay, or have their R-of-O titles withdrawn, pursuant to the provisions of Section 28 of the Land Use Act of 1978.

After January 3, 2025, there will be no further extension and withdrawal of the R-of-O titles of defaulters will be final.”

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