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Dangote faults fuel import as Tinubu summons Edun, Dangote, Kyari

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The Chairman of Dangote Group, Aliko Dangote, on Tuesday, urged petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to meet local demand.

This came as data obtained from the Nigerian Ports Authority showed that the NPA is expecting a vessel with 20,115,000 litres of Premium Motor Spirit, popularly known as petrol, on Wednesday, October 30, 2024, at the Tincan Island Port in Lagos.

Dangote confirmed the refinery’s readiness to supply fuel after closed-door talks with President Bola Tinubu at the Aso Rock Villa, Abuja.

He was part of a delegation of the Implementation Committee on Crude Oil and Refined Products Sales in Local Currency led by its chairman, Minister of Finance, Mr Wale Edun. NNPC GMD, Mr Mele Kyari, was also at the meeting.

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The committee was at the Villa to brief President Bola Tinubu on its activities since the Federal Government first announced the policy last July.

He stated that the refinery can produce over 30 million litres of fuel daily at full capacity and currently holds 500 million litres in reserve, enough to supply the country for over 12 days without imports.

“We’re more than ready,” Dangote assured State House Correspondents, adding that the refinery’s production capacity could offset Nigeria’s fuel needs significantly.

Fuel queues have resurfaced, especially in cities like Lagos and Abuja, due to significant price hikes and supply chain issues.

NNPCL raised petrol prices to over N1,000/litre in some areas, exacerbating public frustration as some stations temporarily closed, leading to longer wait times and reliance on black markets.

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The government attributes these challenges to recent logistical disruptions.

Addressing concerns of fuel scarcity in several parts of the country, he said, “I have a refinery. I’m not in the business of retail. If I’m in the business of retail then you can hold me responsible. But what I’m saying is that the retailers should please come forward and pick. If they don’t, come forward and pick, what do you want me to do?

“So I am expecting either the NNPC or the marketers to stop importing; they should come and pick because we have what they need. And as they move, I will be pumping.

“I don’t know whether you understand what it takes to keep a billion liters inside our tank. It’s costing me money every day. If I will be able to collect the naira, I can actually charge somebody 32 per cent in interest. So right now, that’s what I’m losing.

“And you are talking about 500 million, I mean, we don’t print money. But the issue is that if they come and collect then you will not see any queues in the filling stations.”

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In July the Federal Government approved the adoption of the naira in crude oil trading with local refineries.

It committed to allocating 445,000 barrels a day of crude oil for domestic consumption to local refineries, beginning with the Dangote Refinery for six months.

The African Export and Import Bank, whose Chairman, Prof. Benedict Oramah, held talks with President Tinubu that month, was selected as the pilot settlement bank to facilitate the transactions.

President Tinubu’s Special Adviser on Revenue, Mr Zacch Adedeji, who also serves as Chairman of the Federal Inland Revenue Service, said during the pilot phase of the crude allocation, products will be supplied at a fixed naira-to-dollar exchange rate that will be reviewed every six months.

At Tuesday’s meetings, however, Dangote revealed that Naira-based crude and petroleum transactions will employ a market-driven exchange rate and competitive crude pricing.

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He said President Tinubu directed that both NNPC and independent marketers purchase petroleum on these terms, with Afreximbank stepping in as the settlement facilitator between Dangote, other refiners, and NNPC.

“Based on our meeting, we will use a market-determined exchange rate and also the crude price.

“With that, Mr. President also directed that NNPC will buy. Marketers will also buy. They will be buying just like any other, that is NNPC retail.

“At the end of the day, we have also Afreximbank, which I think they are now going to be the go-between,” Dangote explained.

On his part, the Minister of Finance, Edun, noted that the move toward market-based pricing helps NNPC stabilise its finances, enabling greater funding for federal, state, and local governments to meet public obligations like salaries and infrastructure.

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He said the private sector’s involvement and consistent policy support aim to sustain this progress, despite initial challenges.

“What made it most possible is that now we have market pricing of petroleum products. Relatedly, we have market pricing of foreign exchange that has set the economy on the path to industrialisation, because with private sector refining of crude oil, we now have raw materials, not just for agriculture, but for industry, chemicals, paints, for building materials for textiles, and of course.

“This is Mr President’s strategy and his policy of making conditions right for the private sector to invest, create jobs and grow the economy.

“Likewise, the market pricing of petroleum products, has also paved the way for NNPC to restore its balance sheet, and financial fortunes, and to give the federal state and local governments more funding to allow them to meet their obligations, salary payments to workers, social services to the population generally, and of course, key infrastructure development,” Edun explained.

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Sacked Works Commissioner: Release or Charge Him to Court, Oganiru Izzi Challenges Nwifuru

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“If You Have Evidence Against Stanley Mbam, Charge Him; Otherwise, Release Him” — Oganiru Izzi

A socio-cultural organisation of Izzi extraction, Oganiru Izzi, has challenged Ebonyi State Governor, Chief Francis Ogbonna Nwifuru, to either release the state’s sacked Commissioner for Works, Mr Stanley Mbam, or charge him before a competent court if the government has credible evidence of wrongdoing against him.

The group said the continued detention of the former commissioner without a formal charge raises concerns about due process, constitutional rights and the rule of law.

The leader of Oganiru Izzi, Mr Godwin Mbam, made the demand while speaking with correspondents of National Issue Newspapers at the Crack Department of the Ebonyi State Police Command in Abakaliki.

Mbam condemned what he described as the prolonged detention of Stanley Mbam without allowing a court to determine whether he had committed any offence.

He challenged the state government to produce evidence if it believes the former commissioner committed a criminal offence.

“If there is credible evidence against him, charge him to court and let the court decide. If there is no case against him, he should be released,” Mbam said.

He also appealed to the Ebonyi State Police Command to uphold the Constitution and resist any pressure that could result in unlawful detention.

Vanco Flyover: “We Will Reveal the Full Details”

Mbam also issued a three-day challenge to Governor Nwifuru, declaring that if the former commissioner was not released or charged to court, his organisation would make public what it described as the “full details” of the Vanco Flyover project.

According to him, the proposed disclosure would address issues surrounding the project, including its funding, payments, contractual arrangements and other financial details.

“We will let the world know the full details of the Vanco Flyover and how the funds were utilised,” he warned.

He further challenged the state government to demonstrate transparency by making relevant documents concerning the project available to the public.

“What About the Alleged ₦1.5 Billion Forfeiture?”

The Izzi group also questioned what it described as the selective application of the state government’s anti-corruption campaign.

Mbam referred to allegations involving an account reportedly frozen by the Economic and Financial Crimes Commission (EFCC) and an alleged ₦1.5 billion forfeiture to the Federal Government.

He questioned why, according to him, the governor had allegedly not taken similar action if the facts surrounding the matter warranted it.

Mbam stressed that he was not opposed to the fight against corruption but insisted that any anti-corruption campaign must be comprehensive, transparent and applied equally.

“If Governor Nwifuru wants to fight corruption, let him fight it holistically. Nobody should be targeted while other serious allegations are ignored,” he said.

“If Nwifuru Says He Knows Nothing, We Will Produce the Facts”

Mbam further challenged Governor Nwifuru to publicly state whether he was aware of alleged corruption issues within the Ministry of Works.

“If Nwifuru publicly claims that he is unaware of corruption in the Works Ministry, I will make public the facts available to me. The facts will shock the state,” he declared.

He insisted that the matter should not degenerate into a political vendetta, arguing that the appropriate place to determine criminal liability is a court of law.

According to him, the people of Ebonyi State deserve clear answers concerning the Vanco Flyover and other issues involving public funds.

“Everybody Should Be Subject to the Law”

The Oganiru Izzi leader maintained that the controversy should be resolved through transparency, documentary evidence and due process.

“If there is a case, charge him. If there is no case, release him. The government cannot claim to be fighting corruption while abandoning the principles of justice and the rule of law,” he said.

Mbam warned that failure to address the issues could compel the organisation to make further disclosures concerning the Vanco Flyover and other matters it considers to be in the public interest.

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Nigeria at 66: Ebonyi Reps Candidate Urges Nigerians to Keep Hope Alive

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By Our Correspondent

As Nigeria celebrates its 66th Independence Anniversary, the candidate for the House of Representatives seat representing the Ezza South/Ikwo Federal Constituency, Hon. Chief Kevin Tobias Chukwu, has called on Nigerians to remain hopeful and committed to building a better country.

Chukwu, also known as Ochiri Ozua 1 of Amagu Ikwo, made the call in an Independence Day message to Nigerians, particularly the people of Ezza South/Ikwo Federal Constituency and Ebonyi State.

He described the anniversary as not only a moment for celebration but also an opportunity to reflect on the state of the nation and the responsibilities of leaders in building a Nigeria that meets the aspirations of its citizens.

According to him, Nigeria’s journey since independence has been marked by significant challenges, with millions of citizens currently facing economic hardship, while young people continue to search for opportunities and many communities contend with insecurity and uncertainty.

Despite these challenges, the Ebonyi politician said the resilience of Nigerians remained a source of hope for the country’s future.

“I believe in the resilience of our people. I believe in the ingenuity of our youths, the strength of our women, the wisdom of our elders and the determination of ordinary Nigerians who wake up every morning and refuse to give up on this country,” he said.

Chukwu, however, stressed that hope must be matched by responsible leadership, arguing that public office should be viewed as a responsibility rather than a privilege.

He called for leadership that prioritises the protection of lives, creation of economic opportunities, provision of infrastructure, strengthening of institutions and responsible management of national resources.

The candidate also emphasised the need to create an environment where young Nigerians can pursue successful lives within the country and where hard work, merit and enterprise are rewarded.

He said Nigeria had “come too far to surrender to hopelessness,” urging citizens and leaders alike to remain committed to the country’s progress.

“A better Nigeria is still possible, but it will require responsible leadership, accountable institutions and citizens who refuse to give up on their country,” he said.

Chukwu concluded by expressing optimism about Nigeria’s future, declaring: “Nigeria will rise. Nigeria must rise. And together, we must build the Nigeria we deserve.”

He also paid tribute to the nation’s past heroes, praying that their sacrifices would continue to inspire the country.

“May the labour of our heroes past never be in vain,” he said, as he wished Nigerians a happy 66th Independence Anniversary.

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Nigeria @66: Democracy Evolving, Says Anambra APC Chairman Anosike

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By Okey Maduforo, Awka

As Nigeria celebrates its 66th anniversary of independence from colonial rule, democracy in the country has continued to evolve and deepen, the Anambra State Chairman of the All Progressives Congress (APC), Senator Emma Anosike, has said.

Anosike made the observation in a message to mark Nigeria’s Independence anniversary, noting that despite the challenges the country had encountered since 1960, its democratic system had continued to improve under successive administrations.

According to him, since the return to democratic rule in 1999, Nigeria has witnessed relatively smooth transitions from one administration to another, while citizens have continued to exercise their fundamental rights to hold governments accountable for their performance.

“Before the return of the democratic process, it was indeed difficult and near taboo to challenge the leadership of the country, and those who may have attempted it in the past faced grave consequences.

“Similarly, we have had smooth transitions from one dispensation to another, producing five presidents through the ballot and not through the barrel of the gun. These elected presidents were produced by different political parties.”

Anosike said the administration of President Bola Ahmed Tinubu had sustained the country’s democratic principles and created an avenue for Nigerians, irrespective of tribe, race or religion, to express their views on government policies and programmes.

“Under the stewardship of President Bola Ahmed Tinubu, Nigerians have been enjoying the freedom to express themselves over issues, policies and programmes of government, and those expressions have been shaping and guiding the administration of Mr President,” he said.

The APC chairman said Nigeria’s 66th independence anniversary provided an opportunity for citizens to reflect on the country’s journey as a nation and the progress made since independence.

He said President Tinubu’s Independence Day broadcast had offered another opportunity for Nigerians to renew their hope for a greater and more prosperous country.

Anosike also commended what he described as the “enormous infrastructural development” taking place across the country under the Tinubu administration.

He urged Nigerians to continue to support and have faith in the administration as the country approaches the 2027 general elections.

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66th Independence: Elder statesman wants policies to reduce hardship, calls for peace

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An Elder Statesman, Chief Hycienth Ngwu, has called on political leaders and policies formulators to ensure governmental policies and programmes directly touch lives of the people and reduce hardship in the country.

Ngwu, who is a prominent community leader in Enugu, urged Nigerians to maintain peace within neighbourhoods and communities, as no meaningful development can take place without peace.

The statesman made the call on Thursday in Enugu while reacting to the developmental efforts of Nigeria at its 66th Independence.

He said that previous and present administrations had put in place policies and programmes to reset the socioeconomic fabric of the nation.

Ngwu said that while the removal of fuel subsidy, and unification of the foreign exchange had good intentions, their impact is yet to reflect on the lives and livelihoods of vast majority of Nigerians.

He urged leaders to ensure that public resources were properly managed while citizens remained patient with reforms aimed at improving the socioeconomic status of the country.

The elder statesman noted that at 66th independence, the country was still struggling on keeping its peace and co-existence as a country; adding that the founding leaders of Nigeria envisaged a closely united, bonded and peaceful country.

He called for return to policies that promote local production, indigenous industries and entrepreneurship, arguing that excessive dependence on imports had continued to weaken the country’s productive capacity.

According to him, we are yet to achieve economic independence even as we needed to do more on non oil revenue earns as the greater part of the world is moving towards greener and clean energy.

“Greater emphasis should be on skills acquisition, creativity and entrepreneurship education system, as academic qualifications without practical skills could leave graduates dependent on scarce white collar jobs.

“We ought to be economically productive nation capable of producing and exporting goods while developing its human capital,” he said.

Ngwu noted that current insecurity and social instability could be partly attributed to poverty and ignorance, while calling for greater honesty and trust between leaders and citizens.

“Corruption, tribalism and selfishness must be addressed if Nigeria is to achieve peace and lasting progress,” he added.

He also called for the scrapping of state electoral commissions as they have not helped in deepening democracy at that level. The National Election body should take over that responsibility.

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Nigeria at 66: Macmaduson Concepts Limited Sends Independence Day Greetings to Clients

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As Nigeria marks its 66th Independence Day, Macmaduson Concepts Limited, a leading provider of HVACR,industrial parts, sensors, electrical and plumbing materials, has extended warm Independence Day greetings to its customers, clients and business partners across the country.

In a goodwill message to mark the occasion, the company expressed appreciation to its valued customers for their continuous support, trust and partnership over the years.

Macmaduson Concepts Limited, which specialises in HVACR,Industrial Materials, sensors, air-conditioners, refrigerators, cold rooms, chillers, refrigerants, electrical materials and plumbing materials, said the occasion provides an opportunity to celebrate Nigeria and reflect on the nation’s journey.

The company wished Nigeria continued growth, unity, peace and prosperity, while expressing hope for a brighter future for all Nigerians.

The message from the company reads in part:

At Macmaduson Concepts Limited, we celebrate our great nation, Nigeria, and appreciate our valued clients for their continuous support, trust and partnership. May Nigeria continue to grow in unity, peace and prosperity.”

 

The company concluded its Independence Day message with the theme: “One Nation, One People, A Brighter Tomorrow.”

Happy Independence Day, Nigeria!
Happy 66th Independence Anniversary from Macmaduson Concepts Limited.

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