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Confusion As Petrol Marketers Fix Price At N162 A Litre

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images 34 Confusion As Petrol Marketers Fix Price At N162 A Litre

• Marketers blame govt for chaos • Say govt still toying with subsidy
• Increase unacceptable, House minority caucus declares
• PDP describes the hike as callous, cruel, punishing
• SPN asks NLC, TUC to lead a protest
Barely two days after electricity tariff was increased by about 300 per cent, oil marketers yesterday fixed the pump price for Premium Motor Spirit (PMS), popularly called petrol, at N162 per litre. The marketers fixed the new price following the Federal government’s announcement that the product would now be sold to marketers at the depot price N151.56.
But no sooner had the government and marketers announced the new price regimes than a hail of attacks and criticism greeted them.
Among those that rejected or kicked against the hikes were the minority caucus of the House of Representatives, Peoples Democratic Party (PDP), Socialist Party of Nigeria (SPN), and Advocacy for Integrity and Economic Development (AIED).
Marketers’ new price announcement came as Petroleum Products Pricing Regulatory Agency (PPPRA), the agency expected to modulate the price monthly, failed to announce the new retail price.
They claimed the absence of the PPPRA’s template created confusion coupled with the issuance of two conflicting statements by a subsidiary of the NNPC, Petroleum Products Marketing Company (PPMC). The two statements fixing two ex-depot prices: N147.67 and N151.56.
The PPMC, in the first statement dated September 2, 2020, with reference number PPMC/IB/LS/020, notified stakeholders that the price had increased to N151.56 per litre.
The same agency, in the second statement, with reference number PPMC/MOD/SALES/346, put ex-depot price at N147.67 for petrol.
With an ex-depot price of N151.56, some marketers noted that additional charges for distribution margin, transporter allowance, retailer margin, bridging fund, marine transport as well as administration charges would push the retail price up to an average of N162 per litre, based on market fundamentals.
As of the time of filing this report, the Independent Petroleum Marketers Association of Nigeria (IPMAN) was uncertain of the price as the association’s Vice President, Abubakar Shettima, told The Guardian the situation was being weighed.
The Southwest Zonal Chairman of IPMAN, Dele Tajudeen, however, told The Guardian the association had directed its members to dispense the product at N162 per litre.
Tajudeen alleged that the NNPC had been selling to their retail outlets at different prices, bringing disparity in the system, especially for other marketers.
“This pits us against the masses. Government has been insensitive to people’s plight”, he said.Reacting to the hike, the minority caucus in the House ofRepresentatives, in a statement by its leader, Ndidu Elumelu, described price increase as unacceptable.
The caucus said the hike would worsen high cost of consumer goods and services and economic hardship suffered by Nigerians.
Elumelu said: “The minority caucus in the House of Representatives rejects the announced increase in the pump price of fuel.
“This is because such increase will directly result in more hardship on our citizens, particularly at this critical time when the majority of Nigerians, across the country, are struggling to survive under the burden of the high cost of living and low purchasing power occasioned by the prevailing economic challenges.’’
The caucus asked PPMC to revert to former price.
The Peoples Democratic Party (PDP) described the increase as callous, cruel and punishing.
The party called on the National Assembly to caution the APC Federal Government and prevent it from plunging the nation into chaos.
The party demanded reversal of the prices to avert national crisis, stating that the increase “will result in upsurge in costs of goods and services and worsen the biting hardship faced by Nigerians, who are already impoverished and grappling with high cost of living in the last five years.”
In a statement by its National Publicity Secretary, Kola Ologbondiyan, the party said increasing fuel price from N87 per litre to N151 and hiking electricity tariff from N30.23 per kwh to over N66, had left no one in doubt that APC’s agenda was to inflict pain and hardship on Nigerians to satisfy their selfish interests.
The party challenged the APC and the Buhari administration to publish parameters with which they arrived at the increase of fuel price, arguing that with the prevailing values in the international market, the appropriate price template for domestic pump price in Nigeria ought not to be above N100 per litre
SIMILARLY, Socialist Party of Nigeria (SPN) condemned the price increase.
The party, in a statement signed by its acting National Chairman, Abiodun Bamigboye, and National Secretary, Chinedu Bosah, described the increment as one too many. It called on the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), not to only issue statements but to mobilise to fight back.
It said, “SPN strongly condemns this increase and demands its immediate and unconditional reversal to pre-May 2020 price. But condemnation in words alone will not be enough, especially for an obdurately anti-poor capitalist regime which has made it clear to everyone it is desperate at offloading economic catastrophe on the heads of working class and poor Nigerians.
“We, therefore, call on the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) not to simply issue statements as it has been doing for months now, condemning in strong terms one anti-poor government policies or another without taking any serious action to mobilise to fight back, thus effectively allowing the capitalist ruling elite to condemn the masses to suffer in silence while disarming the advanced layers of the working class and youths who are rearing to fight back but need bold and militant leadership.”
Advocacy for Integrity and Economic Development (AIED) described the hike as “draconian anti-masses policy by a heartless administration.”
In a statement on Wednesday by its Director of Media and Publicity, O’Seun John, the organisation urged the Federal Government to revert to old price and tariff.
The statement read, “We received with shock the report of yet another increase in the price of petrol at the depot just two months after it was hiked.’’
A Professor of Economics, at the Babcock University, Segun Ajibola, noted that hiking prices of essential products such as electricity and petrol would worsen the standard of living and increase poverty level.
Idayat Hassan, who is the Director of the Centre for Democracy and Development (CDD), noted that the hike would undermine efforts to reduce cases of COVID-19, saying the masses would be forced to look for means of survival in the absence of palliatives from the government.
“Income has not increased but prices of basic amenities are going up at a time when people are losing jobs. It shows our government is not thinking,” she stated.

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Nigerians’ future at stake, warns Jega

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images 2020 09 26T142811.793 Nigerians’ future at stake, warns Jega

A former Chairman of the Independent National Electoral Commission , Prof Attahiru Jega , on Friday warned that Nigerians’ future was at stake due to misgovernance .
Jega , who stated this at the inauguration of the 34 – member Policy Advisory Committee of the People ’s Redemption Party in Abuja on Friday, asked Nigerians not to allow “ bad people” to continue to misgovern the country by contributing to the electoral process .
The committee is made up of Jega, Mr Richard Umoru , Prof Ifeanyi Anigbogu, Dr Aminu Aliyu, Mr Abdulkadir Isa , Prof Ahmadu Sanda , Hajiya Aishatu Dankani, among others.
The former INEC boss, who is a member of the committee , said , “ I believe that all Nigerians can no longer sit on the fence , as everybody needs to contribute to the cleansing of politics in Nigeria . There should be no fence – sitters ; our future is at stake . We cannot allow bad people to continue to misgovern us and continue to wreak havoc on our country and its future. ”
Jega said the committee was to prepare policy papers and frameworks that would make the PRP a strong political party that could win elections .
The party chairman, Mr Falalu Bello, earlier while inaugurating the committee, said its members were thoroughbred intellectuals drawn from different fields of expertise and experience .
He advised the members to consider the progressive provisions of Chapter two of the 1999 Constitution in carrying out their assignment .
“ Our party , the PRP , shall court the involvement and participation of intellectuals in the struggle for the material and social advancement of the masses of this country, ” he said .

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FG Develops Rapid Response Register For Poor Nigerians

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images 2020 09 26T141530.847 FG Develops Rapid Response Register For Poor Nigerians

The Federal Government through the National Social Safety Nets Coordinating Office is developing a Rapid Response Register to scale up the enrollment of poor and vulnerable citizens in urban centres.
Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this in her remarks at the Open Government Partnership 2020 Virtual Leaders Summit Roundtable.
The theme of the roundtable was “Open Recovery: Tracking the trillions of dollars in stimulus and safety net packages.”
Ahmed said poor and the vulnerable Nigerians captured in the register would benefit from cash transfers to cushion the socio-economic impact of the COVID-19 pandemic.
A statement issued in Abuja by the minister’s Special Assistant on Media and Communications, Yunusa Abdullahi, stated that the event was to advance discourse and innovation around open response and open recovery measures in response to the COVID-19 pandemic.
The finance minister said data for the response register were being sourced through primary and secondary sources, including the Nigeria Inter-bank Settlement System and the National Communication Commission database on mobile phone users.
To ensure transparency and to mitigate corruption risks, she said that payments would be made directly to the accounts of the individuals using their bank verification numbers.
On the government’s response to the COVID-19 pandemic, Ahmed said, “Our response to the COVID-19 pandemic under the leadership of Mr. President has been proactive, people-oriented and aimed at averting drastic economic decline and protecting our most vulnerable citizens.”
The minister told participants at the summit that the government amended the 2021-2023 Medium-Term Fiscal Framework and the 2020 Appropriation Act and introduced a fiscal stimulus package of N2.3tn (about US$5.9bn).
She said the government was also scaling up social safety nets, including cash transfers and school feeding programmes and was currently implementing a multisector economic sustainability plan.
Ahmed said, “To this end, in addition to existing OGP measures around budgeting, citizens engagement, open contracting, anti-corruption and others, we have introduced measures to sustainability enhanced fiscal prudence and transparency.
“This includes the establishment of a technology-enabled result-based performance management framework to track expenditures under the Economic Sustainability Plan.”
Commenting on the importance of targeted interventions, Ahmed stated that the COVID-19 pandemic had underscored the critical importance of targeted interventions that had built-in safeguards to ensure transparency, accountability, prevent corruption and ultimately strengthen the social contract between governments and citizens.

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Policeman Shoots 1 Dead, Injures 3 In Stampede For Sokoto Governor Tambuwal’s Cash

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images 2020 09 26T140256.904 Policeman Shoots 1 Dead, Injures 3 In Stampede For Sokoto Governor Tambuwal’s Cash

A stampede for the monetary gift doled out by Governor Aminu Tambuwal in Sokoto on Friday has led to tragedy after a policeman shot dead one person.
The policeman also injured three others.
The shooter, a police sergeant, identified as Bello Garba, was promptly arrested by the Sokoto Police Command.
His victims have also been identified.
Bello killed 25-year-old Aminu Abdulrahman and injured Junaidu Abba, Babangida Muhammad and Awaisu Alti, during the incident at Sultan Bello Jumu’at mosque, in Sokoto..
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The Command’s Public Relations Officer, ASP Muhammad Sadiq, said all the victims were evacuated to Specialist Hospital Sokoto.
The injured will be treated, while an autopsy will be carried out on the dead.
Sadiq said victims were said to be sharing money doled out by Gov. Aminu Tambuwal after the Juma’at prayers to mark Nigeria’s 60th Independence anniversary.
Sadiq said that the Sergeant, of Counter Terrorism Unit Base 18 Gusau, was attached to Government House Sokoto.
He said that “the policeman unprofessionally fired without reasonable justification at that material time.”
”The Sokoto State Police Command condemns in its entirety the unwarranted, uncivil and unprofessional conduct of a Police Sergeant on special duty in the state.
”Commissioner of Police. Mr Sani Kaoje had ordered the detention and trial of the erring officer and charged the state Criminal Investigation Department to speed up investigation and come up with objective findings,” Sadiq said.
He added that the commissioner also charged all officers and men of the Command to deploy professional acumen, including psychological capacity to enhance the safety of the people, and not to resort to using arms against the populace.
”The incident occurred at about 2:30pm, shortly after the special Juma’at prayers offered in commemoration of Nigeria’s forthcoming 60th independence anniversary at Sultan Bello Juma’at Mosque.
”The Governor of Sokoto State, Aminu Tambuwal while magnanimously giving out gifts to the needy, a brief distribution which gave birth to an upsurge in would-be beneficiaries.
“However, in an unconventional effort to control the crowd after the departure of the governor the policeman fired the shot,” Sadiq added.

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