Connect with us

News

Fuel import: NNPC mulls N266.5bn spending in 20 days

Published

on

…to import 100m litres of PMS daily

 

The Nigerian National Petroleum Corporation (NNPC) has declared its readiness to import two billion litres of Premium Motor Spirit (PMS) also known as petrol for the remaining 20 days in February. The plan, checks by New Telegraph showed, will surge the state-owned corporation’s spending on fuel imports to N266.48 billion based on N133.24 ex-depot price. Giving out details of its imports schedule for February, NNPC yesterday stated that it had programmed to bring in two cargoes of petrol per day for the rest of February 2018 to boost supply.

The imports programme, it said in a statement issued by the Group General Manager, Group Public Affairs Division, Ndu Ughamadu, was “in a bid to keep the country wet with petrol and eradicate the fuel queues that have resurfaced in some cities.” Each of the two cargoes, the schedule showed, “is 50 million litres, making a total of 100 million litres that will be brought in per day for the rest of February to increase supply and replenish strategic reserves.” This amounts to two billion litres in 20 days.

The arrangement will gulp over N266.48 billion in imports spending for the two billion litres based on N133.24 ex-depot price. The NNPC’s statement added that to enhance supply, 45 million litres of petrol was discharged from ships into jetties across the country yesterday.

“Prior to the fresh 45 million litres discharge, there was 324 million litres of petrol on land and 432 million litres in marine storage, making a total of 756 million litres, enough to last for 22 days at 35 million daily consumption rate,” the statement read.

The jetties that received the 45 million litres shipments, Ughamadu said, include Nacj, Apapa; Bop, Apapa; Techo Jetty, Lagos; Dutchess, Oghara; Vine Jetty, Calabar; Chipet Jetty, Lagos; and ECM Jetty, Calabar. “To ensure efficient distribution of the product to depots in the hinterland, the Nigerian Pipeline and Storage Company (NPSC), a midstream subsidiary of the NNPC, has been mandated to fix relevant pipelines to facilitate seamless pumping, in addition to massive trucking arrangement that is in place.

“The corporation assures that with the measures in place, the fuel queues being experienced in some cities would soon be a thing of the past,” the statement added. Though the NNPC earlier insisted that the new cost of oil at the international market would not lead to hike in pump price of fuel, it confirmed the increase in daily truck out and extra cost through its Group Managing Director of the NNPC, Dr. Maikanti Baru. Baru said that it now cost N171.40 per litre to import petrol into the country. Using the approved template of the Petroleum Products Pricing Regulatory Agency (PPPRA), the total landing cost in December 2017, when Dr. Baru opened up on the higher fuel price, amounts to N185.70 with the addition of the N14.30 per litre distribution margin approved in the last pricing template for petrol by the PPPRA. Oil sold for an average of $57 per barrel in December 2017. This implies that the government is subsidising petrol consumption by as much as N40.70 per litre.

The higher price of $69 per barrel for crude at the international market showed that over N190 is spent on total cost of one litre of fuel imported into the country. Based on N185.70 total price hinted by NNPC’s GMD as at last December, over N371.4 billion (N266.48 billion and N81.4 billion subsidy) would be the total cost on two billion litres scheduled to be imported in the remaining 20 days of February. This includes about N81.4 billion (N40.70 per litre on two billion litres) cost on fuel subsidy during the period.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Inside Abuja

Saving them from self destruction

Published

on

Angwan Tivi in Ruga community, a sex den for a good number of men in Abuja, is slowly turning into a HIV-infested den. REGINA OTOKPA reports on a unique case and efforts of a concerned NGO to change the tale of the community

 

Seventeen-year-old Christiana David (not real name), is five months pregnant and currently infected with the Human Immune Virus (HIV). She is one of the young women engaged in illicit sex trade activities at Angwan Tivi, a settlement within Ruga community in the Federal Capital Territory (FCT), Abuja.

 

Growing up like every other child, Christiana never envisaged her life would take this turn until two years ago when her mother, Sarah (not real name), whose husband is late, introduced Christiana and her two sisters into the business of prostitution at the brothel where she has been selling food since 2015.

 

Showing no remorse her children were involved in such trade, she told Inside Abuja her husband was late and she and her daughters must hustle to survive.

 

Inside Abuja checks revealed that one of the sisters presently has a child, unsure of whom the father is, while the second recently had an abortion from an unwanted pregnancy.

 

 

Meanwhile, Christiana, who still engages in the act with her five-month pregnancy, has not been able to assess antenatal care. It was also observed that men flock in from all parts of Abuja, including Utako, Asokoro, Gwarinpa and the likes, to patronise these ladies. Running free HIV counselling and test for the women engaged in the illicit trade, the Wanda Adu foundation recorded 25 positive cases.

 

 

Most of the women and young girls hail from Benue State, but have found their way into the city with the aim of making a living for themselves.

 

Worried by the developing trend and committed towards changing the tale about Angwan Tivi, founder of the foundation, Wanda Ebe, has commenced a two weeks training and empowerment exercise for 62 girls and women, to equip them with necessary information and materials on chemical classes for liquid soap, Dettol and cream production.

 

Also, the training would cover bead making, teach the ladies how to tie head scarf(gele), as well as pedicure and manicure .

 

Ebe, who recently trained 20 women in Mpape, told Inside Abuja that the idea behind making the ladies learn and acquire vocational skills was to assist them become self sustained and to teach them to always believe in themselves by engaging in different types of business rather than relying on the men for their means of survival.

 

 

“It is more honourable to have a means of livelihood and grow a business than to rely on the government or individuals to meet their needs on a daily basis.

 

 

 

We are seeking for ways of empower- ing them and making them better individuals. This will give them an opportunity to choose from all the skills they learnt at the end of the training and be able to stand out on one particular skill.”

 

Committed to ensuring those free from HIV protect themselves from contracting sexually transmitted diseases and other forms of disease affecting females, Ebe took time, advising the ladies on preventive methods.

 

 

Taking a step further, sanitary pads, condoms, antiseptic and liquid soaps were distributed to the ladies. “It is very essential to use condom when engaging in sexual activity with your partner.

 

Do not hesitate or wait till tomorrow as you cannot detect disease with mere eyes. We have provided means of doing voluntary counseling and testing through AIDS healthcare foundation (AHF), which will give you follow up treatment after the diagnosis,” Ebe said.

 

 

She urged Nigerians not to judge women who indulge in sex trade from afar, saying that,”we should learn to show love to them and not chastise them, because we don’t know where they are coming from and what they have been through.

 

 

Most of these ladies happen to start this kind of life due to being single mothers ” Capitalising on the Valentine

Continue Reading

National news

N10bn NHIS scam: APC government stinks corruption – PDP

Published

on

 

The Peoples Democratic Party (PDP) said the alleged N10 billion theft by officials of the National Health Insurance Scheme (NHIS) is the height of official hypocrisy‎ by President Muhammadu Buhari administration.

 

The party also disputed the claim of Minister of Information, Alhaji Lai Mohammed that Nigerian was in safe hands when the reality on the ground showed that the nation is on autopilot and drifting to the precipice.

 

In a statement, yesterday by its National Publicity Secretary, Kola Ologbondiyan‎, PDP said the Buhari presidency’s incompetence is manifesting on daily basis.

 

The party said it was shocking that the NHIS money was syphoned through the Federal Government Treasury Single Account (TSA) in the Central Bank of Nigeria (CBN), which is under the direct purview of the presidency.

 

“Nigerians can now see the level of debauchery associated with this administration. It is appalling that a government can be so depraved that it superintended over the stealing of money meant to provide healthcare for the citizens,” the party said.

 

PDP noted that the only reason for the concealment was because the ‎presidency was complicit, while the stolen fund was being used to service an anti-people cabal brazenly operating in the Buhari-led presidency.

 

“We challenge the presidency to speak out on this report as well as similarly reported sleazes that has occurred under its watch.

 

“Who in the presidency authorized the withdrawal of the money from the TSA and who are the beneficiaries thereof?

 

“What has the presidency to say about revelations that it ordered the reinstatement of the indicted Executive Secretary of the NHIS, Prof. Yusuf Usman, to help conceal these illegal withdrawals and shield members of the presidency cabals involved in the deal?

 

“Until and unless the presidency clears its name by investigating, exposing and prosecuting those involved, it must directly be held responsible for this wicked act against Nigerians, who daily suffer

hunger, deprivation and death owing to the corruption in the APC government,” the statement added.

The PDP expressed shock that Alhaji Mohammed, could tell Nigerians abroad that the country was in safe hands under Buhari when under the administration, Nigerians were inflicted with economic and security problems.

 

It said either the minister had lost touch with reality or he was just trying to play with words to please the incompetent Buhari presidency or its crisis-ridden party, the APC.

 

“If a minister of information who ought to give the correct state of affairs can announce that a government which collapsed the nation’s once robust economy and plagued it with violence, ethnic division and political tension, is indeed a safe hand, then our nation is in much more trouble under the All Progressives Congress (APC).

 

“How can anybody say that the same presidency whose incompetence and bad policies are directly responsible for the unabated killings, massive unemployment and job losses, a collapse of businesses and even the lingering fuel crisis which has brought untold hardship in the land is indeed a safe hand?

 

“This is a government under whose watch the nation has become heavily polarized along dangerous fault lines and where citizens now live in fear and mutual suspicion; where citizens are slaughtered by the day by marauders; where hunger and strange diseases ravage the people due to its bad policies.

 

“The reasonable takeaway from the statement of the information minister is that this government has come to its wits end and has no solution for the troubles it caused the nation,” PDP said.

 

It added that the minister’s statement has further exposed the fact that this failed administration is not the least remorseful for the pain it has caused the people, which underpins its arrogance and disdain towards Nigerians.

 

Continue Reading

News Around Nigeria

Naked couple found dead in car

Published

on

A naked couple found dead in a car are believed to have suffocated after turning on the engine to keep warm while allegedly having sex.

The 39-year-old man and 44-year-old woman’s bodies were discovered by police in a locked garage in the city of Bottrop in western Germany’s North Rhine-Westphalia state.

Investigators said the naked couple, whose names have not been released, appeared to have turned on the car engine to get warm, leading to their suffocation.

Nobody had noticed the car engine had been left running for hours behind the metal gate of the garage which is located behind a commercial building.

Police opened the garage door because the man’s family had reported that he had been missing for days.

Meanwhile, officers in the city had also started an investigation into the woman’s sudden disappearance.

Police said there appeared to be no evidence of a crime but forensic scientists were working hard to establish exactly what happened. Tests are being carried out to ascertain CO levels in the blood of the couple

A police spokesman said, “At the moment all evidence points to an accident.

“To put all doubts to rest, the public prosecutor ordered an autopsy be performed on the bodies.”

(UK Mirror)

 

Continue Reading

Trending

Take advantage of our impressive online traffic; advertise your brands and products on this site. Call

 

For Advert Placement and Enquiries, Call:

Mobile Phone:+234 803 304 2915

 

Online Editor: Michael Abimboye

Mobile Phone: 0813 699 6757

Email: mmakesense@gmail.com

 

Copyright © 2018 NewTelegraph Newspaper.

%d bloggers like this: