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Oil marketers claim depots are empty

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The Depot and Petroleum Products Marketers Association, DAPPMA, on Tuesday expressed concern over the inability of Nigerian National Petroleum Corporation (NNPC) to send petrol to its members’ depots.

DAPPMA’s Executive Secretary, Olufemi Adewole, in a statement in Lagos, urged NNPC to help the association so as to alleviate the suffering of Nigerians.

“Our members’ depots are presently empty. However, if the PPMC/NNPC can provide us with petrol, we are ready to do 24-hour loading to alleviate the sufferings of Nigerians and for the fuel queues to be totally eliminated.

“We, petroleum products marketers, do empathise with all Nigerians who are going through difficulties at this time by spending hours on fuel queues because of the current fuel scarcity due to no fault of theirs.

“DAPPMA members import about 65 per cent of the nation’s total fuel consumption, Major Oil Marketers Association of Nigeria (MOMAN) imports about 15 per cent and PPMC/NNPC import the balance of 20 per cent.

“However this scenario changed drastically due to several challenges faced by marketers,’’ he said.

The DAPPMA official claimed that their members pay PPMC/NNPC in advance for petroleum products.

He said fully paid-up petrol orders which have neither been programmed nor loaded is in excess of 500,000MT (about 800,000,000 litres).

“As at today, there is enough petrol to meet the nation’s needs for 19 days at a daily estimated consumption of 35,000,000 litres.

“Sadly, some people have blamed marketers for hoarding products. Unfortunately, this is far from the truth.

“Hoarding is regarded as economic sabotage and we assure all Nigerians that our members are not involved in such illicit act.

“While all kinds of allegations have been made in the media, it is important to set the records straight, as Nigerians first, and as responsible business men and women who employ Nigerians.

“As it stands today, NNPC has been the sole importer of PMS into the country since October,’’ Adewole said.

He said the current import price of petrol is about N170 per litre, with NNPC, which absorbs the attendant subsidy on behalf of the Federal Government, as the importer of last resort.

“The international price of petrol went up during the period of Hurricane Katrina and it has not dropped below USD$600/MT since then.

Mr. Adewole said the exchange rate of the dollar to the Naira is N306 for petrol imports and the interest rate Nigerian banks charge is above 25 per cent.

“Landing cost of PMS in Nigeria is above N145 per litre which means any of our members that imports will have to resort to subsidy claims, a policy already jettisoned by the government.

“It is on record that any time NNPC assumes the role of sole importer; there are issues of distribution, because it is marketers who own 80 per cent of the functional receptive facilities and retail outlets in Nigeria.

“While we cannot confirm or dispute NNPC’s claim of having sufficient product stock, we can confirm that the products are not in our tanks and as such cannot be distributed.

“If the products are offshore, then surely it cannot be considered to be available to Nigerians,’’ he said.

Adewole however assured that fuel marketers remain committed to the progress of the nation and its citizenry as therein lies their own profitability and fulfilment.

(NAN)

National News

Buhari To Make National Broadcast At 7pm

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Buhari To Make National Broadcast At 7pm
Buhari To Make National Broadcast At 7pm

Buhari

Nigeria’s President Muhammadu Buhari will make a national broadcast Thursday evening, following the escalation of violence in different parts of the country.

“Following detailed briefing by security chiefs on the current situation in the country, Buhari will make a national broadcast Thursday, October 22, 2020 at 7pm,” President Buhari’s media adviser Femi Adesina said.

“Television, radio and other electronic media outlets are enjoined to hook up to the network services of the Nigerian Television Authority (NTA) and Radio Nigeria respectively for the broadcast,” says Femi Adesina who is Special Adviser to the President on Media and Publicity.

Lagos and most of Nigeria has been overrun by arsonists and hoodlums since soldiers opened live rounds on peaceful protesters on October 20, 2020.

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End SARS: Gen. John Enenche Reacts To Lekki Toll Gate Shootings

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End SARS: Gen. John Enenche Reacts To Lekki Toll Gate Shootings
John Eneche

John Eneche

Major General John Eneche, the Nigerian defence director of information, has said that the reports about soldiers shooting #EndSARS protesters at Lekki Tollgate on Tuesday are mere ‘allegations.’

Eneche said this during a media briefing in Abuja, where he also mentioned that the analysis of the shooting and video evidence available suggest that they may have been photoshopped.

In his words;

“I even got analysts. People that have analysed the various videos that were cropped and photoshopped put together. If not that I’m not permitted, I could have forwarded it to your Instagram”, he said.

Eneche added that he is not permitted to speak further on the incident so as not to compromise the outcome of the findings by the Commission of Enquiry already constituted by the Lagos State Governor, Babajide Sanwo-Olu.

In his words;

“We are dealing with major operations, anything outside this is what is called Operation MENSA, I may not want to go too much into Operation MENSA because it is not a major operation. We have nine Operations and other subsidiary Operations which I have been directed to focus.

“Operation MENSA is strictly under the policy directive of the various states we have them all over the country and it is the oldest of all Operations. For this Operation you have the Military, Navy Air Force, Civil Defence and the Police put together. So these Operations are still standing and running and I am aware that the state governments are using them in all these capacities, that is internal security, the level we are now is internal security and that is why the Police proactively came out and then deployed all their Force package that are necessary to handle that so that is where we are. So if there was anything and if it is true, why am I saying if it is true because up to this morning, I even called analysts who have analyzed videos that were photoshopped and put together, if not that I am not permitted, I would have forwarded it to you.

“The issue is not an operation that I can respond to. But I can tell you that it is an allegation for now, so let us not set the cart before the horse. If the matter was still open-ended I would have had I response for you but it is no longer open-ended, because immediately, not even up to five hours, before midnight the Governor of Lagos set up an Inquiry, so whatever we say now will not be fair to the Commission.”

Read Also: Sanwo-Olu Confirms Lekki Toll Gate CCTV Still Intact

Watch the video clip below:

 

 

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Ekiti Extends Curfew Indefinitely

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Ekiti Extends Curfew Indefinitely
Ekiti Extends Curfew Indefinitely

Governor Fayemi

Amidst the continued violence across the country, Governor of Ekiti State, Kayode Fayemi has approved the extension of the 24-hour curfew in Ekiti State indefinitely.

The curfew was declared on Tuesday evening following reported cases of violence in Ado Ekiti as hoodlums allegedly the peaceful protest by EndSARS protesters.

The initial curfew lapsed on Wednesday night by 10 pm.

Also Read: “I don’t care about #EndSARS”- Edo state deputy governor’s son slams protesters

However, on Thursday morning, the Commissioner for Information, Mr. Akin Omole, announced that the curfew still continues in every part of the state until further notice.

It reads: “The general public is hereby alerted that the 24-hour curfew announced by the State Government is still in place in all parts of the state until further notice.

“Government appreciates the cooperation of all citizens of the state in obeying the curfew and ensuring that peace returns to the state.”

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