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NNPC, IPMAN Partner Against Fuel Scarcity …NUPENG Seeks FG’s Intervention On Product Import Delay

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There are indications that the Nigerian National Petroleum Corporation (NNPC) has formed a new alliance with the Independent Petroleum Marketers Association of Nigeria (IPMAN) against scarcity of Premium Motor Spirit (PMS), popularly known as petrol.
The Major Oil Marketers Association of Nigeria (MOMAN) had earlier warned that Nigeria will run out of fuel in five days due to acute shortage of products from the delay in the first quarter fuel allocation by the Petroleum Products Pricing Regulating Agency (PPPRA).
The duo of NNPC and IPMAN, have however, debunked the statement as misleading, advising the public to avoid panic buying.
IPMAN’s National President, Aminu Abdulkadri, who made the new alliance with the NNPC known at a media briefing, on Monday, denounced the rumour of proposed fuel scarcity, warning marketers against causing panic.
“We are lodging petroleum products adequately from all NNPC depots across the country and we don’t think there is any proposed scarcity because NNPC and PPMC have assured us of sufficient stock in the country,” Abdulkadiri said.
In spite of the unending challenges posed by pipeline vandalism and product theft in the country, he said, the NNPC and its subsidiary have sufficient stock of products in their marine reserve and national strategic reserve to ensure that the country remains wet with petroleum products round the clock.
He cautioned members of the public against any form of hoarding or panic buying of petroleum products in anticipation of scarcity.
“The fuel situation in the country is quite stable; no cause for alarm, this smooth supply of products had been sustained for a period of two-years.
“I want to assure Nigerians that the Minister of Petroleum, Mrs Diezani Alison-Madueke, through the Group Managing Director, NNPC, Engr. Andrew Yakubu, and the Managing Director, PPMC, Mr Haruna Momoh in conjunction with IPMAN president, we have been working tirelessly in ensuring we maintain the tempo,” he said.
According to Abdulkadri, “l want to assure our members that there is no cause for alarm, we need to step up our bridging in areas where products supply is lacking, and we should augment, because vandalisation of the products pipelines had been a serious menace in the country.
“NNPC, PPMC and the leadership of IPMAN have been on top of the situation; we should not encourage anybody that will portray the country bad by saying we are running out of fuel.
“What we have in the country currently is adequate. And we have equally agreed with the Petroleum Equalisation Fund (PEF) to ensure payment of marketers’ bridging claims as at when due, which at the moment, the agency is doing its best.
The IPMAN boss said that in furtherance to the realisation of democracy dividends by the Federal Government, the petroleum minister has agreed to sustain the supply of kerosene direct to Nigerians.
Meanwhile, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) yesterday appealed to the Federal Government to step in and ensure timely approval of importation of petroleum products.
The Lagos Zonal Chairman of NUPENG, Mr Tokunbo Korodo, gave the advice in an interview with newsmen in Lagos.
The call by NUPENG is coming on the heels of similar appeals by the Major Oil Marketers Association of Nigeria and other interest groups in the oil sector.
“The danger in the delay is that it will cause artificial scarcity when you are not allocating as at when due.
“There is no way the distribution chain will not be disrupted and when the distribution chain is disrupted, it is going to affect the loading system at the depot.’’
According to him, if the loading system is affected there is nothing anybody can do about it.
“If it is not properly handled, then Nigerians will have to be on queue for hours before they get fuel.
Korodo said that although the year could be challenging for government because of the 2015 elections, priority must be given to things that must be done
“Government should be more proactive and do the right thing at the right time.
“We know that it is more challenging for government this time around but whatever they have to do to sustain the supply of petroleum product must be done.
“ I know this year is the year of politics but they should not abandon their responsibilities.
“They should face the primary assignment they canvassed for before they were elected into office,’’ he said.
Our Correspondent reports that the Petroleum Products Pricing Regulatory Agency (PPPRA) has yet to give approval for the importation of petroleum products this year.
PPPRA gives the approval every quarter.
The non-release of the approval had apparently rattled oil marketers, who expressed fear that the country may be in for another round of acute fuel scarcity.
However, the Nigerian National Petroleum Corporation (NNPC) has assured that fuel scarcity crisis was not about to occur in the country.
Oil-producing Nigeria has often faced fuel scarcity crisis but the administration of President Goodluck appears to have checked the problem in recent times.

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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