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PEF To Reduce Fuel Costs In Riverine Areas
The Petroleum Equalisation Fund (PEF) will soon begin to bridge fuel supply to the coastal areas in order to reduce the high cost of the product.
The General Manager, Corporate Services of the organisation, Mr Goddy Nnadi, disclosed this in an interview with newsmen on Wednesday in Abuja.
He said the fund had already put in place the necessary machinery for the smooth take off of the scheme.
“The scheme will take off very soon, as we are finalising the details of the operations with other stakeholders.
“The scheme, which entails the payment of bridging claims (transport) to marketers who convey the product to the coastal areas of the Niger Delta, is aimed at forcing down the price of the product.’’
The general manager said the fund had put in place the machinery to determine the cost of transporting the product from the hinterland to the coastal areas and the mode of payment to the marketers.
He also said the fund was working with the NNPC to fast-track the operations of its mega stations in the Niger Delta region.
Nnadi reiterated the fund’s determination to alleviate the sufferings of residents of the coastal areas, and expressed optimism that the high cost of fuel in the area would be reduced at soon as the bridging scheme was inaugurated.
Meanwhile, NAN reports that while a litre of petrol officially sells for N97, it goes for over N300 in most coastal areas of the Niger Delta as a result of logistic challenges.
The PEF Riverine Bridging Scheme has been in the pipeline for years due to delay in its implementation.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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