Business

Firm Begins Direct Kerosene Sales In Lagos

Published

15 years ago

July 19, 2011

Capital Oil and Gas Limited will this week deploy 200 kerosene trucks to the 20 Local Government Areas and 37 Local Council Development Areas of Lagos State through its Mobile Trucks Distribution Initiative.

The company’s Managing Director, Mr Ifeanyin Ubah, said that 270 personnel had been engaged for the distribution.

He said that sales of the product would be carried out on Thursdays, Fridays and Saturdays every week while about 880 families were expected to benefit weekly.

According to Ubah, about 20 million litres of kerosene had been allocated to the company’s tank farms in Apapa for effective distribution in Lagos through the mobile trucks initiative.

“We have concluded arrangements to ensure that kerosene gets to the end-users at N50 per litre, while trucks will be stationed at every local government for effective monitoring.

“We have instructed the kerosene truck managers that nobody should buy more than 25 litres to avoid retailing by some individuals,” he said.

Ubah advised buyers to pick up forms in the local government areas where they reside and pay at any designated bank within the area.

This, he explained, was to curb fraud and abuses in the purchase of the kerosene.

Ubah also advised buyers to report any staff or official that contravenes the laid-down order.

Meanwhile, in a test-run activity, Capital Oil and Gas on Saturday flagged-off the distribution of kerosene in Amuwo-Odofin and Apapa Local Government Areas of Lagos.

Ubah said that the scheme aimed at providing the state with a good quantity of kerosene was a new strategy to ensure that the product got to all households in Lagos.

The Chairman, Amuwo-Odofin Local Government Council, Mr Ayodele Adewale, praised the initiative.

Adewale said that the project would go a long way in easing the problems residents of FESTAC Town and its environs faced in queuing for the product at filling stations.

He added that the council had already sensitised residents on the procedure for buying kerosene through mobile trucks, saying that security agents had been deployed to ensure safety and peace.

The council chairman, however, urged the state government to ensure that the programme was a continuous one, as it would help to eradicate poverty.

He gave the assurance that the council would ensure that nobody bought more than the stipulated quantity and at more than N50 per litre.

Some of the buyers at Amuwo-Odofin, while speaking with newsmen, urged government to increase the number of trucks and the selling points to fast-track the process of buying.

Mrs. Sherifat Agbabiaka, a trader, said that the hardship experienced in getting kerosene at the filling stations in the last four months was terrible.

Agbabiaka further said that kerosene, which was the major cooking gas the masses depended upon to meet their needs, had become very scarce in Lagos and its environs.

Mrs. Alice Kojo, a civil servant, said that the product’s scarcity had forced her to resort to using charcoal for cooking.

Kojo praised the initiative and called on government to continue the project in order to decongest filling stations and make the product cheaper for the citizens.

“The government should find urgent solution to the issue of kerosene scarcity so as to ameliorate the suffering of people,” she said.

Mr. Adams Aliyu, a businessman, lauded the scheme and urged the government to ensure stability, alleging that some stations had taken advantage of the scarcity to impose a N100 per litre price regime.

“The product is very essential to us and government should, therefore, address the bottlenecks surrounding the scarcity and make the product available to the masses,” he said.

Business

Boat Mishap Kills Pastor, Wife And Church Members In Brass Water

Published

1 day ago

May 18, 2026

The Tide

A boat accident in Bayelsa state has killed a serving Pastor, Wife and other church members along Brass waterways

The sad incident happened at Odioama in Brass local government area of Bayelsa State when the Pastor, wife and members of his church were in a programme.

?Tide confirmed that the lifeless body of the Pastor’s wife has been found and deposited in a mortuary while the remains of her husband ,the Pastor is yet to be recovered

as search party are still ongoing.

Although the real cause of the boat Mishap is not yet known as at the time of this report, our Correspondent gathered that the identities of the Pastor, wife and church members were not disclosed to the public.

The mishap, Tide gathered occurred on Friday morning when the church members were on a boat transit

The Bayelsa State government and the state police command are yet to issue official statement’s on the sad accident

By: CHINEDU WOSU

Business

Rivers Workers Seek Scrapping Of Contributory Pension Scheme

Published

1 day ago

May 18, 2026

The Tide

The Rivers State Council of Nigeria Civil Service Union has called on the State Government to urgently scrap the contributory pension scheme, describing it as unfavourable to long-serving civil servants in the state.

Chairman of the union, Chukwuka Osuma, said this in an interview with newsmen in Port Harcourt, recently.

Osuma said the current pension structure has continued to worsen post-retirement hardship for workers.

He noted that the contributory pension scheme had failed to provide adequate retirement security for workers who had spent many years in service, especially those approaching retirement age.

According to him, civil servants who had served for more than 20 years were among the worst affected under the scheme, insisting that many retirees could no longer cope with prevailing economic realities.

He also informed that the Union has made moves to showcase their concerns, pleading with Governor Siminalayi Fubara to abolish the pension policy and introduce a more favourable arrangement for affected workers.

“The union was not opposed to pension reforms, the contributory scheme should only apply to newly employed workers or those with fewer years in service”, he said.

Osuma explained that workers who had already spent decades in the civil service ought to remain under a more secure pension structure capable of guaranteeing stability after retirement.

The labour leader further noted that inflation and the rising cost of living had continued to erode the value of retirement savings, thereby increasing the suffering of pensioners across the country.

He also appealed to the state government to consider extending the years of service in the civil service from 35 to 40 years and the retirement age from 60 to 65 years.

Osuma argued that such adjustment had become necessary in view of present-day economic realities and changing conditions in the workplace.

The unionist also reviewed that similar policies had already been adopted in some sectors and jurisdictions, expressing optimism that the State could also implement the reforms for the benefit of workers.

He however, commended Governor Fubara for approving an N85,000 minimum wage for workers in the state, noting that the amount was above the national benchmark of N70,000.

Osuma also acknowledged the government’s efforts in the area of workers’ promotions and bonuses, but insisted that pension reforms and extension of years of service remained critical to the long-term welfare and stability of civil servants in Rivers State.

By: King Onunwor

Business

FG Begins South-West Tour To Promote New Cooperative Bank

Published

6 days ago

May 13, 2026

The Tide

The Federal Government has launched the South-West zonal engagement and ministerial advocacy tour on the Cooperative Bank of Nigeria share capital mobilisation, sensitisation and cooperative sector digitalisation.

Reports say the initiative was launched through the Federal Ministry of Agriculture and Food Security.

According to reports, the advocacy tour, organised by the ministry’s Federal Department of Cooperatives, began on Monday in Lagos.

Speaking at the event, the Minister of State for Agriculture and Food Security and Supervising Minister of Cooperative Affairs, Dr Aliyu Abdullahi, said the initiative was part of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Abdullahi described the exercise as a strategic effort to reposition the cooperative sector as a key driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity.

“Today represents a defining moment in our collective determination to reposition the cooperative sector as a major driver of inclusive economic growth, financial inclusion, enterprise development, food security and national prosperity,” he said.

The minister noted the modern cooperative movement in Nigeria originated in the South-West following the 1934 Strickland Report, which led to the enactment of the Cooperative Societies Ordinance of 1935.

According to him, the decision to commence the sensitisation and share capital mobilisation tour in the region is symbolic, as it marks a return to the roots of cooperative development in the country.

Abdullahi said the advocacy tour was a direct outcome of resolutions reached at the 8th Regular Meeting of the National Council on Cooperative Affairs held in Abuja in March 2026.

He said the council approved the Renewed Hope Cooperative Reform and Revamp Programme, a comprehensive framework designed to strengthen the cooperative sector and align it with the administration’s goal of building a one-trillion-dollar economy.

“The reform programme focuses on seven strategic pillars, including governance reforms, cooperative financing and the establishment of the Cooperative Bank of Nigeria, digitalisation, capacity building, value chain development, inclusion of youths, women and persons with disabilities, and strategic partnerships,” he said.

He said the establishment of the Cooperative Bank of Nigeria and the digitalisation of the cooperative sector were the two major transformational initiatives under the programme.

“The Cooperative Bank of Nigeria is aimed at rebuilding a strong cooperative financial system capable of supporting cooperators, farmers, artisans, traders, SMEs, youths, women and persons with disabilities with accessible and affordable financial services,” he said.

Abdullahi emphasised that the proposed bank would be government-enabled but not government-funded.

“Government is not establishing the bank as an owner, nor will it rely on Treasury Single Account funds.

“The role of government through the FMAFS is to provide policy support, stakeholder coordination, regulatory facilitation and an enabling environment under the Renewed Hope Cooperative Reform and Revamp Programme,” he said.

Also speaking, the Lagos State Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed the state government’s commitment to cooperative sector transformation.

She described cooperatives as critical tools for promoting inclusive growth, grassroots productivity, food security, financial inclusion and community wealth creation.

Ambrose-Medebem said Lagos State would continue to support reforms and collaborate with stakeholders to ensure the successful implementation of the Renewed Hope Cooperative Reform and Revamp Programme (2025–2030).

“Together, let us build a cooperative ecosystem that is modern, transparent, digitally enabled, financially inclusive and globally competitive.

“Let us build cooperatives that not only mobilise savings, but also mobilise prosperity,” she said.