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Deregulation: FG Moves Against Sabotage

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The Federal Government yesterday moved to checkmate those who may want to scuttle fuel supply in the country ahead of the planned January 2010 take-off of the deregulation of the downstream sector of the petroleum industry.
The government through the Nigerian National Petroleum Corporation (NNPC) ordered for the importation of 90 cargoes of Premium Motor Spirit (PMS), 28 cargoes of Dual Purpose Kerosene (DPK) and 10 cargoes of Automative Gas Oil (AGO).
It again declared that there was no going back on the planned deregulation of the downstream sector of the petroleum industry and warned that erring marketers who indulge in acts that are capable of jeopardising the exercise would risk severe sanctions.
Reading the riot acts in a meeting with major and independent oil marketers and other stakeholders, Acting Director of the Department of Petroleum Resources (DPR), Mr. Mr. Billy Agha, said the DPR, an agency saddled with the responsibility of regulating the petroleum industry, had braced up with the expected challenges and had taken steps to deploy resources at its disposal to ensure that products distributed to dispensing points were monitored and made available to the public as intended.
He said the massive importation was designed to meet the country’s ever increasing fuel needs during the forthcoming Muslim and Christian festivities that will precede the January 2010 new take-off date of deregulation.
Agha reminded the marketers that they had a critical role to play especially in products distribution and supply and advised them to shy away from actions that are inimical to the successful deregulation of the petroleum sector.
“NNPC has indicated that their coverage of the market is premised on the fact that there may not be supplies coming from third parties, while assuring sufficient and robust supply of the indicated products within this critical period,” he said.
Agha, who expressed concern about the sharp drop in the number of applications for permits to import Premium Motor Spirit and kerosene by major and independent marketers of product, appealed to the marketers to take it as “sacrifice” and continue products importation to ensure availability of adequate supplies in the country.
He said: “It is our fear that in the event of not being able to flood the markets, as anticipated during the critical period, the supply chain will be affected which may lead to scarcity, hoarding of products, diversion and other associated ills of scarcity, the most notable of which is the reduced trucks load-out from the storage depots/facilities” .
While noting that “deregulation would phase out monopoly and allow market forces to dictate the price”, the DPR boss cautioned against hoarding and diversion of products, noting that anybody caught in such act would be punished.
“The key players should get ready for deregulation and be ready to play a critical role so that it could be a success and all of us will move on to the promise land.
There is no going back on the deregulation. The time I do not know, but what I know is that we are deregulating the sector. No going back.
“We therefore appeal to all marketers to as a mater of fact have the interest of the public at heart, and to shy away from actions that are inimical to the successful deregulation of petroleum products in the country. The DPR would not hesitate to impose the necessary sanctions on the erring marketers found violating the laws,” he warned.
Responding, the marketers complained that notwithstanding that government is yet to pay the huge amount owed them as outstanding subsidy, they had gone ahead to secure permit to import products but were not granted approval by the Petroleum Product Pricing Regulatory Agency (PPPRA).
They accused the Federal government of failing to follow due process in the deregulation exercise and of not providing the conducive operating environment that will make it succeed.
The government had recently announced that the planned deregulation initially scheduled to take off on November 1, 2009 would now kick-off by January 2010. However, marketers are of the view that a situation where the NNPC is allowed to monopolise fuel importation will create monopoly and endanger competition.
Meanwhile, Shell Petroleum Development Company (SPDC) last week resumed operations at its Soku gas plant located in Akuku-Toru Local Government Area of Rivers State, after 11 months of closure, a company spokesman confirmed yesterday.
The Federal Government lost over $180 million liquefied natural gas revenue monthly following the closure of the gas plant since November 27, 2008 as a result of the activities of militants and vandals.
The gas plant accounts for 40 per cent of the gas need of the Nigerian Liquefied Natural Gas (NLNG) Plant in Bonny Island of Rivers State. NLNG supplies 10 per cent of the world’s liquefied natural gas. Following the closure of the plant, NLNG declared force majeure on 40 per cent of its LNG supplies to European customers.
The company said over 101 vandalised points were detected on the pipelines shortly before closure. When remediation was being carried out, Shell discovered that about 200 places on the 58 kilometres pipeline had been punctured for stealing of the product.
The plant was capable of producing 577 billion standard cubic feet of gas per day but the theft of condensate, which is a by-product of crude oil, has grossly affected production.

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TTP Trains Customs Agents, Freight Forwarders On Eto App 

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In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.

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NECA Holds MSME Fair To Drive Growth 

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Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
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· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
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· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
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· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.

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Over 2m Passengers Board Blue Rail Train – Commissioner 

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The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.

Nkpemenyie Mcdominic, Lagos

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