Nation
‘Petrol Price’ll Continue To Increase Except Refineries Are Fixed’
Until there are functional refineries in the country, the price of petrol will continue to increase, the Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) said, yesterday.
The President of PETROAN, Dr. Billis Gillis-Harry, who stated this during a chat with newsmen in Port Harcourt, Rivers State, said the association has the capacity to manage the refineries, giving its vast establishments across the country.
“The cost of fixing the refineries today from what we are told is running into about $1.8billion or thereabouts. Revamping the four refineries will cost Nigeria too much money.
“PETROAN can come together and partner with the Federal Government in ensuring that we have established modular refineries that can do, at least, up to 15,000barrels per day. That should be able to guarantee our domestic consumption per day,” Gillis-Harry stated.
He further said Nigerians will start buying petrol at N200 per litre giving the monthly increase of depot price of the product, and called on Federal Government to be sincere in its deregulation of the petroleum sector.
“As far as pricing of petroleum product is concerned, we know that because of certain exigencies that are happening in the market, prices of petroleum product will continue to increase. There is no doubt about that. Let the government start to work together on how to bring in economic dynamics that should be able to cushion such shock in the system.”
The PETROAN President, however, said the association would support the government to ensure that subsidy was no longer the order of the day.
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Haniel Jack Foundation Awards Five Rivers Indigenes Scholarship
The Ibanibo Haniel Jack Foundation has awarded scholarships to five Rivers State indigenes in different tertiary institutions.
The scholarship programme was announced on Easter Sunday by Rev. Dr. Samuel Wachukwu, who is also the presiding pastor of Redeemer Baptist Church, at No. 44/46 Lumumba Street, Mile Two Diobu, in Port Harcourt.
Speaking, the chairman of the occasion, Barrister Karibi George, advised the recipients to justify the scholarship by ensuring that they put in their best and finish at the expected time.
George reminded them that opportunity comes but once and they should take advantage of the opportunity that comes their way judiciously.
“Those of you who are beneficiaries of this scholarship should also remember to help others and the resurrection of our Lord Jesus Christ.
“I advise you to justify the opportunity given to you and make the man who gave you the scholarship, yourself, and your family proud,” Barrister George said.

He explained that the scholarship spans undergraduate and postgraduate levels in various high institutions in Nigeria. He thanks Sir Jack for the gesture.
The scholarship is to promote education in our society, most especially for Rivers indigenes, and equally assist those who cannot immediately afford tuition fees.
It will interest you to know that
The scholarship was borne out of God’s blessings, and this is a way to give back to the society. Besides, two of the beneficiaries are direct employees of the chairman of the foundation, sir.
Ibanibo Haniel Jack, who is also the chief executive officer (CEO) of White House Hotel, in Port Harcourt.
Chief Prezi Diffa, while presenting the awards, commended Sir Ibanibo Haniel Jack, who has deemed it necessary to give back to society.
Chief Diffa equally advised the beneficiaries to take their academics seriously and count themselves lucky.
“The man who has given you this scholarship wants to better your lives, so please put in every effort to ensure you finish the school with flying colors,” Chief Diffa said.
The beneficiaries are Isoboye Haniel Douglas, Naomi Douglas, Charles Batubo, Ajé Sokari, and
Dakoru Owen Amachree.
Tonye Orabere
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