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Fuel Subsidy Probe Scares Importers

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Umbrella Association of Major Oil Marketers (MOMAN) and the Allied Independent Marketers of Nigeria (IPMAN) have given the indication that the recent shortage in the supply of Premium Motor Spirit (PMS) which has hit the Federal Capital Territory and some other parts of the country will soon be a thing of the past as the Federal Government assures banks of payment of subsidy claims to allay their fears which had affected their business.

The marketers and NNPC had disclosed their readiness to flood the outlets with the product in the next few days if these issues were taken care of.

The Chairman, Senate Committee on Petroleum, Senator Magnus Abe has also chided those who are taking undue advantage of the present situation to hoard petrol, saying, it was uncalled for as there was even no case of scarcity of product but mere hitches in supply due to some problems in the coastal depots.

According to the statement made by the officials of MOMAN and IPMAN during a meeting with NNPC officials led by the Group Managing Director, Austen Oniwon, officials of PPPRA, and Ministry of Finance summoned by the Senate Committee on Petroleum (Down Stream) over the recent emergence of long queues in some parts of the country, the Executive Secretary, Major Oil Marketers (MOMAN), Obafemi Olawora disclosed that the seeming scarcity of the product was partly caused by some delays due to the recent clashes in Lagos which hindered movement of some tankers and mainly due to the fears of the oil importers over uncertainties surrounding the oil importers and the Federal Government.

Mr. Olawora told the senate committee that consequent upon the recent probes, the financial institutions were no longer ready to fund their businesses, making it difficult for most of them to carry on with their allocations.

His words, “small clashes in Lagos prevented some tankers’ movement in Lagos , but now normalcy has returned. The recent shortage in supply is partly as a result of the outcome of the recent inquiries into the subsidy funds. Anytime you live the whole thing to NNPC and PPMC , there’s bound to be problems,. For us to get the credit facility to import, the banks need our assurance on the payment of subsidies. As at today, the confidence is very low, It is a very big challenge and that is why only very few cargoes are coming in on our own.

“We appeal to Ministry of Finance to bring back the confidence by talking to the banks.  On our part, we are bringing in some few cargoes, about 180 kilo tonnes between now and first week of March   based on what we believe, that some payments are to be made. PPMC said they are giving us 15 by 15 vessels to bring to Abuja.”

In his own comment, the Executive Director, IPMAN, Alhaji, Aminu Abdulkadir said  he could not discount the issue of hoarding, that could not be seen as a major cause of this shortage in supply. He accused NNPC of carrying on as if they can serve the entire nation as he insists that “the stock of the NNPC cannot cover the nation.

Abdukadir also raised the issue of a sharp reduction in the number of importers as the profit margin of  N4.60k could not urgur well with some small marketers who may have the rising dollar equivalent of naira to contend with .

The Minister of Finance, Ngozi Okonjo-Iweala represented by the Director General, Budgets, Bright Okogwu on his own reiterated the commitment of the Federal Government to the payment of all due subsidy payments to all genuine importers of fuel as at when due.

Okogwu pointed out that already there was a provision of N888bn in the 2012 reversed budget for the payment of subsidies to fuel importers just as the Permanent Secretary, Ministry of Petroleum, Goni Sheik gave the banks and importers assurances on the policies of the Federal Government.

The GMD, NNPC having pointed out that they had some stocks to serve the country , the stocks may not last for long, hence, the need for an understanding with the marketers (importers) to get back to full scale business.

In his remarks, the Chairman of the Senate Committee on Petroleum (Upstream), Senator Abe reminded the marketers that the purpose of the National Assembly probe was not to discourage importers but to ensure that there were no more sharp practices in the sector.

Senator Abe also announced the constitution of a committee comprising the Senate, NNPC, IPMAN, MOMAN, PPRA, PPMC and other stakeholders with a view to working out a long term measure to ensure that the nation experiences no more long queues in filling stations.

 

Nneka Amaechi Nnadi, Abuja

Rivers State Commissioner for Budget and Economic Planning, Hon Charles Gogo (right) with Permanent Secretary of the ministry, Sir Promise Njiowhor during the send-forth/award of prize ceremony organised by the ministry, last Friday. Photo: Chris Monyanaga

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Our Policies Are Geared Towards Protecting Rivers Interest -Fubara

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Rivers State Governor, Sir Siminalayi Fubara, has declared that all the policies and programmes of his administration are tailored towards the protection of interest of Rivers people, especially the youths.
This, he said, is borne out of the importance his administration attaches to youths’ development and empowerment as leaders of tomorrow.
Fubara, according to a statement by his Chief Press Secretary, Nelson Chukwudi, disclosed this when he received the youths of Emohua Local Government Area under the auspices of “Emohua Youths For SIM” on solidarity visit to Government House, Port Harcourt, last Friday.
He said that his administration has put in place modalities that will boost the livelihoods and well-being of Rivers citizens, which youths of Emohua will also benefit when they materialise.
The governor, who spoke through the Rivers State Head of Service, Dr. George Nwaeke, pointed out that the recently awarded Elele-Omudiaga-Egbeda-Ubimini-Ikiri-Omoku Road, the ongoing Emohua-Kalabari Road, reinstatement of illegally sacked workers of Emohua Local Government Area and the approval for electrification of the area, are part of deliberate measures to open up the area to make life conducive and more meaningful for the people.
According to him, “Everything about the governor is putting the interest of Rivers State first. He is looking at and taking action on those things that we need to do to restart the wheels of progress in Rivers State.
“There are many things the governor has planned and is already doing that will boost the life and welfare of every citizen of Rivers State, but most importantly the youths.
“Growing up, I learnt that Egbeda is one of the biggest communities in the whole of Ikwerre, and it’s predominantly an agrarian community. They have food in Egbeda, they have food in Ubimini, they have food in Omudiaga and other natural resources. The whole world is tilting to agriculture, and this is the way to go.
“The Elele-Umudioga-Egbeda-Ubimini-Omoku road, when completed, will open up the area for real development. Your food and everything you produce there will now have value, they will no longer be thrown away. In all these, you the youths are going to be the utmost beneficiaries.”
He added, “Same will be applicable to the Emohua-Kalabari Road which will also, trigger development in the area, and you will be the greatest beneficiaries. When the LGA is also electrified, you will be having 24 or 20 hours of electricity, and those things the youths can do with electricity, you can stay at home and create wealth for yourself and children.
“All the totality of what the governor is doing, when they are completed, or even as some are completed now, the youths are going to be utmost beneficiaries.”
While acknowledging that youths are the true leaders of tomorrow and any government that fails to carry them along in the scheme of things is doomed to fail, the governor assured them of his administration’s commitment to always address issues concerning youths and ensure that they are part of his government.
He commended the youths for toeing the path of truth by identifying with his administration, urging them to sustain the tempo and shun evil, as his government will ensure that the trend whereby politicians turn youths to beggars are over.
He said, “Youths are, indeed, the leaders of tomorrow. The time of youth is a very important time. It a time that your parents or whoever is your leader at that time have to make the greatest investment in you. And any Government that decides to only carry the elderly, chiefs aling and abandon the youths is bound to fail,” he asserted.
“But I am happy that Governor Fubara has concentrated his energy on everything that will benefit the society, especially the youths.
“And based on these, I want to thank you for recognising what is good and calling it good, for shunning what is evil, for saying the Governor is standing for you.
“Let me tell you, you are on the right direction. Let me tell you again, Rivers State is the bride of Nigeria. The whole Nigeria is looking at what will happen here. As they look here and see you standing on the path of truth, this is a very important step that you have taken to right all the wrongs of the past, to make Rivers State stand on the tripod of justice, peace and security. That is what we are going to gain through the governor, taking all the wise actions that he has already initiated.
“The projects the governor is embarking on are meant to prepare nets for the youths to fish and put food on their table, hence you should continue to follow him.
“The SIMplified Movement brought upon by the governor will ensure that Rivers youths stop the habit of going to bow down before politicians, pledging loyalty before they can eat.”
Earlier, spokesman for the Emohua Youths for SIM, Comrade Ovamale O. Ovamale, had said that the visit by youths from the 14 political wards in Emohua Local Government Area was to thank the governor for the award of the Elele-Omudiaga-Egbeda-Ubimini-Ikiri-Omoku road, the approval for electrification of the area and reinstatement of sacked workers of Emohua Local Government Council, of which the youths were mostly affected.
According to him, “Siminalayi Fubara of recent has given Emohua Local Government road that links Elele to Omoku, which comprises over four communities in the local government.”
“Emohua Local Government has also been in darkness for eight years. No community in the local government that has light. But, of recent, because of the passion and love the governor has for the people of Emohua, he has approved the electrification of the local government.
“Also, the illegal sack of Emohua Local Government workers, for which the youths were mostly affected and without the approval of the Local Government Service Commission, the governor, in his compassionate nature, has reinstated them, and that is why we said we must come and thank His Excellency”, he said.

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Our Legacy’ll Leave Lasting Impression On Rivers People -Fubara

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Rivers State Governor, Sir Siminalayi Fubara, has assured that his administration will collaborate and continue to consult widely in delivering a liberated State experiencing enduring peace.
Fubara said, in doing so, he would not operate as a dictator but as a member of a team that has the best interest of the State at heart and determined to leave a lasting legacy that can be celebrated.
The governor spoke during the formal presentation of Certificate of Recognition and Staff of Office to the Amanyanabo of Okochiri Kingdom, King Ateke Michael Tom, as first class tradition ruler, at Government House in Port Harcourt, yesterday.
Fubara stated that, during the Sixth State Executive Council meeting, N80.8billion was approved with 50 percent contract value paid already as the Government awarded the construction of the Elele-Egbeda-Omoku Road.
He said the project will be funded from the savings from Internally Generated Revenue (IGR) to underscore his administration’s prudence without also borrowing to complete the project.
“We are at a crossroad in our State where we all need to stand for what is right. It happens once in a life time. So, for now, be one of those people that will be in the course to liberate and free our dear State.
“And I know strongly that having the support of a peace-loving Amanyanabo of Okochiri Kingdom, having the support of the wonderful Council of Chiefs, having the support of the great people of Rivers State, we will bring peace in our State. We will do those things that are right to develop our State.
“We will continue to consult. We will not act as dictators. We will act as people who know that one day, we will leave, and when we leave, the way we have acted will speak for us. We will not force people to talk good about us. Our legacy will be a signature for how we led”, the governor said.
Fubara explained that he acted within the ambit of the law to upgrade the traditional stool upon which King Ateke Tom sits in recognition of his efforts in promoting peace in Okrika, and indeed, the State, and urged him to continue to do justice to everyone.
In his speech, Commissioner for Chieftaincy and Community Affairs, Hon Charles Amadi, congratulated King Ateke Tom for being formally presented with the Certificate of Recognition and Staff of Office as first class traditional ruler.
Also speaking, former Transport Minister, Chief Abiye Sekibo, thanked the governor for fulfilling his promise of upgrading the traditional stool of Okochiri Kingdom, and pledged the support of Kirike Se people to his administration.

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We’re Determined To Leave Legacy Of Quality Education -Fubara

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Rivers State Governor, Sir Siminalayi Fubara, has promised to give the best attention to the education sector so that standard and quality learning will never be compromised in the State.
The governor emphasised that in achieving such legacy, schools in the State will be driven with a curriculum that will equip school-aged children to become competitive, innovative and self-reliant.
Governor Fubara made the assertion while inaugurating the Governing Council of Rivers State University at Government House in Port Harcourt on Wednesday.
He said: “There is a lot of noise everywhere: people asking what we are doing; that we are not focused, and that we don’t have direction.
”But I want to tell the world that we are focused and aware that we cannot grow if our energies are not channeled to education. Not just education, but purposeful education.
”Education that is creative. Education that gives you independence. We have left the era in the world when you speak too much grammar. We are in such times when it is what you can do with your hands.
”Our purpose for education is that we should bring back our academic programmes to where, at the end of your studies, you don’t need a job but you create jobs. When one creates a job, you automatically employ others. That is what I want this council to see as their task.”
Governor Fubara noted the non-existence of public secondary schools for the male child in the Diobu axis of Port Harcourt.
He said such negligence leaves children in that area who have completed primary education, and whose parents cannot afford sending them to far away secondary schools, to roam the streets, and therefore becoming willing tools for criminality.
Governor Fubara assured that such fundamental problem will be addressed by his administration as a measure to curb the negative impression associated with Diobu axis of Port Harcourt.
The governor said he trusts in the capacity of the members of the Governing Council of Rivers State University to bring about positive change in the institution while also contributing their quota to improving the general education standard in the State.
”I charge you, not just in terms of administering the affairs of the university, but let us add something different from the normal things that we already have to see new things.”
In her response, on behalf of the other members, the Pro-Chancellor of the Governing Council of Rivers State University, Justice Mary Odili (rtd), thanked the governor for finding them worthy to serve in such capacity.
Justice Odili assured they will work assiduously as a team to solve the problems that agitate the mind of the governor and ensure their contributions form part of the legacy that will be bequeathed by his administration.
The members included Justice Mary Odili (rtd) as the Pro-Chancellor and Chairman of the Governing Council with Barrister Mela Oforibika and Chukwuma Chinwo, Esq.
Others were Adata Bio-Briggs, Esq., Dr. Jonathan Nimi Hart, Ngo Martins-Yellowe, Dr. Nancy Nwankwo, Dr. Igoni William-Park, and Mr. Ogbugbu Barisua.

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