The federal government on Tuesday said that it has no control over the price of cooking gas because the product is fully deregulated in the country.
The minister of state for petroleum resources, Timipre Sylva, who made the declaration in a chat with correspondents however noted that President Muhammadu Buhari is worried about the hike in the price of cooking gas.
The minister was at the presidential villa, Abuja to introduce to the president the CEO, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA,
Engr. Faruk Ahmed and the CEO, Nigerian Upstream Petroleum Regulatory Commission NUPRC, Engr. Gbenga Komolafe.
He asserted that gas prices are determined by the global market, even though he indicated that government will everything possible to bring down the price of cooking gas especially during the Yuletide season.
He said, “We must understand that cooking gas is not subsidized. It is already a deregulated commodity. So the price of cooking gas is not determined by the government or by everybody in the industry. In fact, gas prices are determined internationally.
“And you all are aware that in Europe, today, gas prices have gone up. There was even a crisis in Europe relating to gas prices. So the pricing of gas internationally now affects also the price of gas in the country.
“Apart from that, there are some issues around VAT charges on imported gas, and of course, taxes on imported gas, which we are handling. But of course, quite frankly, these taxes on imported gas, you must also juxtapose it side by side with the local producers of gas.
“So, if you incentivize the importance too much, then you will also kill the local industry. And also, you don’t want to incentivize the local industry at the expense of the imports, because if incentivize the local industry at the expense of the imports, then you will not have enough gas produced within the country.
“So, these are the issues of balancing that the midstream and downstream regulatory authority are handling and I want to assure you that we are quite concerned.
“Mr. President also is very concerned. He is aware that the price of cooking gas is high in the market, and we’re doing everything trying to see how we can bring down the price of gas especially as we approached the Yuletide.”
Sylva also disclosed that the president has directed him to proceed to Nembe, Bayelsa State to investigate the level of damage caused by the recent gas spillage in the area.
The minister stated that he will visit the affected communities on Wednesday to assess the situation.
He said; “And the question which is on the spillage in OML 29, we are quite aware of it. Unfortunately, it has happened. It is also one of the issues I discussed with the president as a minister and he has actually asked us to go and visit the site to assess the situation and report back.
“Definitely, we are quite concerned with what is happening in Nembe and will be going there very soon tomorrow. In fact, to go and look at what is happening and report back.
“Mr. President is very personally interested and we have discussed it and he said we should go there and come back and report to him because environmental degradation issues are things that we are not going to condone but of course we’ll work with the operators of OML 29 to ensure that this spillage is brought under control as quickly as possible.”
On the resurgence of fuel queues in parts of the country, the minister directed the CEO of the Midstream and Downstream Petroleum Regulatory Authority, Ahmed to answer it.
The NMDPRA CEO explained: “You see intermittent queues in some parts, maybe of Abuja and maybe the environs, basically what happened is that some of the depot owners are selling PMS, above the official ex-depot price of N148, they are selling at N156, N157.
“And the reason they adduced is that they are paying for their logistics like shipping in US dollars, they’re paying for NPH, port charges and NIMASA charges in US dollars.
“They have to go to black market to source these US dollars. And that differential between the official and the black market they buy, that is why they added about N9 to N10 to N15 and it depends on whether you are in Lagos, Calabar, Port Harcourt, or Oghara.
Now, we had a meeting the week before last on Tuesday, the 9th, and the NPA was there represented and the DG NIMASA was there as well NNPC, major marketers were all there and we all agreed and resolved that NNPC excess capacity of their shipping their vessels will be chartered to all marketing companies. We will be charging in Naira so that NNPC now will go and source for converting US dollars through the CBN.
“As for the NIMASA and NPA charges, it was all agreed that they will revert to their supervising ministry to get direction on the receipt of these charges in Naira rather than US dollars and I understand the process of that engagement with their supervising ministry has already commenced.
“Once the NNPC from the 15th of this month, they have already converted to charging Naira instead of dollars for their excess capacity charter to all marketing companies. So, I believe with this, there will be no reason for the depot owners to increase their price beyond the official selling price of N148 naira.
“Now, we have been working tirelessly in the past few years to sensitize our people to start using LPG for example. And they were making an effort to do so. People are now interested in are working towards utilization of LPG, but then the production is not commensurate with the demand.
“And this is why we want to focus on investment in the area. Now, a lot of major oil companies like their IOCs want to invest, but the pricing framework is an issue for them. So, we’re working with the guidance of the Honourable Minister of State for Petroleum Resources to ensure that we put the pricing framework that is attractive enough for the investors but at the same time is simple enough for the consumers, whether it is power, or industrial base, or the commercial sectors.”
AICC: Egyptian Grandmasters Dominate Tourney
With just two rounds left to play, top Nigerian chess players have dropped out in the ranking at the on-going African Individual Chess Championship holding at the Orchid Hotel in Lekki, Lagos.
Although Nigerian players showed shade of genius in the battle field as the tournament reached its climax on Sunday night, the Egyptian who are higher rated players dominate play with Adly Ahmed (African number 2) and Woman Grandmaster Wafa Shahenda leading the pack of other players in both Open and Women sections.
Both have consolidated their lead in the competition, as every win counts to games 4 and 5.
WGM Wafa trounced her Angolan opponent, Woman International Master Esperanca Caxita, in a Sicilian opening with black mostly dominating the game right from the middle play.
The Egyptian WGM is all but a massive one point ahead of the pack leading into the final rounds starting this morning.
While the Egyptian masters are dominating play, credit also goes to some Nigerians raising their heads to be counted. Nigeria Youth Games product, Onoja Iyefu Joy continues to show resilience and determination to earn her first chess title and create a record while at it.
She had on Saturday continued her fine run of form by scoring an entire point against Paulo Jemima to register the second position on the ranking table with 9 points. A win in the 7th round will help Joy secure a Woman International Master Title.
WIM (elect) Ofowino Toritsemuwa bettered her AICC Tunisia 2019 record, and she is bound to create a new one as she takes on WGM Wafa in the seventh round.
Toritsemuwa currently shares second place with her compatriot, Iyefu Onoja, both holding 4.5 points, hence making the 7th game point as crucial for the player.
In the Open section, 20-year-old Eyetonghan Denyefa Callistus is pulling his weight. He scored an outstanding 4.5 points after six games, but it is not about the score, somewhat the opponents; defeating 1 GM, 2 IMs, and three draws against two IMs and FM, the youngster will get his chance at GM Adly in the seventh round.
With a half point behind the tournament leader, African Number 1–GM AminBassem landed his second consecutive win after the drawn game with compatriot GM Ahmed Adly, demonstrating he still stands a chance to catch up and maybe win the tournament.
Bassem faces IM David Silva of Angola in the seventh round, who had to offer a draw to his opponent in the sixth round due to health issues. We hope he’s gotten his strength back for this crucial game.
The tournament ends tomorrow with Maltina and Gulder are among the top sponsor of the event.
Don’t vote for ‘killers’ in 2023 elections – ex-President Jonathan urges Nigerian youths
A former President of Nigeria, Goodluck Jonathan, has urged Nigerians not to elect “killers” in the 2023 general elections.
Mr Johnathan stated this on Sunday in Uyo, Akwa Ibom State during a thanksgiving service to mark the 35th anniversary of the state.
Mr Johnathn and his wife, Patience, were the special guests of honour at the service which was also attended by the governor of his home state — Bayelsa — Douye Diri.
“In 2023, you must not make the mistake to vote killers. Those who carry knives, guns, and all kinds of gadgets to go and kill people because of politics, are the enemies of society.
“If you kill to become a leader, you will continue to kill to remain a leader and the people will continue to suffer.”
The former president said he has monitored the growth of Akwa Ibom, adding that he has been visiting the state at least once a year since he joined the defunct Oil Mineral Producing Areas Development Commission, now Niger Delta Development Commission, in 1994 as an assistant director.
While thanking the youth of the state for not vandalising infrastructure, the former president recalled how some people sabotaged his development efforts in the power sector by using arc saws to fell towers because they wanted Nigeria to remain in darkness.
Mr Johnathan said the election of the State Governor, Udom Emmanuel, should teach politicians a good lesson, especially those who doubted Mr Emmanuel’s ability to manage “human beings”.
Governor Emmanuel was an executive director at Zenith Bank before he was appointed Secretary to Akwa Ibom State Government, a position he later resigned from to vie for the governorship of the state which he won in 2015.
Akwa Ibom is ‘strong national story’ – Gov Emmanuel
Earlier in his speech, Mr Emmanuel thanked the people of the state for their support and described this year’s state anniversary as his last as the state governor.
The governor said Akwa Ibom has become a state with a “strong national story and a sparkling destination of choice for Nigerians and others around the world”.
He appreciated the people for the choice of “Moving Forward,” as the theme of the celebrations but also reminded them that in “moving forward we have to also look back.”
He referenced Joseph, a Biblical figure who later became the Prime Minister of Egypt and added that the children of Israel suffered because of Joseph’s mistake.
“Joseph made a mistake in Egypt when he was about to go, he did not look at the issue of who succeeded him and that is why the children of Israel suffered.
“If you are a God-sent man you must also learn. I’ve learnt from what Joseph did and today we went back to God and I want to appreciate all Akwa Ibomites because a man after God’s heart will come after another man after God’s heart,” Mr Emmanuel said.
He promised to complete before leaving office next year, the international worship centre that his administration is building in the state.
Knocks, Kudos as Peter Obi promises 100m poor Nigerians ‘access to free medical care’
Mixed reactions have trailed the promise by the presidential candidate of the Labour Party (LP), Peter Obi, stating that his administration will prioritise the welfare of the poor Nigerians if elected.
“If elected the next president of Nigeria, youths would be the main proponents of my main agenda to transform Nigeria from a consuming nation to a producing nation. The two main components of this agenda are human capital development and finance.”
Obi further said health and education are vital to the development of the country, promising to ensure “at least 100 million poor Nigerians have access to free medical care”.
“Given the role of health in reinforcing education in the measure of productivity, my leadership will pay serious attention to the health system by ensuring that at least 100 million poor Nigerians have access to free medical services through an integrated health insurance scheme.”
Obi’s promise which has gone viral, generated divergent reactions on social media platforms.
While some supporters of Obi believed the promise made by their candidate is possible, they argued in support that the country is buoyant enough to take care of citizens’ medical care.
ASUU: Seven months after, FG orders VC’s to reopen schools
The Academic Staff Union of Universities has been on strike for about seven months now.
The association is demanding from FG the funding of the Revitalisation of Public Universities, Earned Academic Allowances, University Transparency Accountability Solution (UTAS) and promotion arrears.
Others are the renegotiation of the 2009 ASUU-FG Agreement and the inconsistency in Integrated Personnel Payroll Information System.
Recall that the federal government went to court to challenge the action of the association. Last week the national industrial court through Polycarp Hamman, the judge in the NIC, granted the federal government’s application for an interlocutory injunction to restrain ASUU from continuing with the strike.
The outcome of the judgement was questioned by Femi Falana, human rights lawyer and senior advocate of Nigeria (SAN), who stated that the national industrial court does not have jurisdiction to rule on the case between the federal government and the Academic Staff Union of Universities (ASUU).
However, tired of the lingering strike the Federal Government through the National Universities Commission ordered vice-chancellors to re-open schools and allow students resume lectures.
In a letter disclosed to journalists on Monday, signed by the Director, Finance and Accounts of the NUC, Sam Onazi, on behalf of the Executive Secretary of the commission, Professor Abubakar Rasheed, FG instructed all vice-chancellors; Pro-Chancellors and chairmen of governing councils of federal universities to re-open schools.
“Ensure that ASUU members immediately resume/commence lectures; Restore the daily activities and routines of the various University campuses”, part of the letter read.
Most Viewed Posts
- Nigeria Loses 6.5 Million Barrels of Oil to Force Majeure, Sabotage in December. Again (7,400)
- Amidst Military Coup d’états Is the Military Regime Coming Back in Africa (4,745)
- African Hairstyles for Ladies you Should Try in 2022 (4,089)
- 11 Ways to Fix Debit or Credit Card Declined Issues (3,832)
- Hope for Zimbabwe Small Pineapple Farmers After Cyclone Idai’s Rampage (3,218)
HOW TO3 weeks ago
The Fastest Way to Learn a New Language in 8 Steps
AFRICA4 weeks ago
Queen Elizabeth dies at 96, ending an era for Britain
AFRICA1 week ago
Don’t vote for ‘killers’ in 2023 elections – ex-President Jonathan urges Nigerian youths
AFRICA2 weeks ago
Payments platform Fuse integrates ChromePay to bring DID services to Africa