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…Allocates 1,500 Trucks Of Petrol To Marketers

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The Nigeria National Petro
leum Corporation (NNPC) on Wednesday announced that it had allocated 600 trucks of petrol to Independent Petroleum Marketers Association of Nigeria (IPMAN), 500 trucks to Major Oil Markerters Association of Nigeria (MOMAN) and 400 trucks to its sales outlets to ensure adequate supply.
The Group Executive Director, Upstream, Mr Bello Rabiu, gave the breakdown while briefing State House Correspondents in Abuja.
He said “as you know, we have three segments of marketing fuel in Nigeria, we have IPMAN, the independent marketers, we have MOMAN, the major marketers and we also have NNPC-owned retail.
“We allocated them trucks on a daily basis to deliver to their own stations.
“Every day, NNPC retail will have 400 trucks, IPMAN, which is the independent marketers across the country are being given 600 trucks and MOMAN, the main marketers who are selling in major cities in the country are having 500 trucks.
“This is more than what we actually require but we are trying to ensure that everybody is satisfied.”
According to him, the Port Harcourt Refinery is delivering five million litres of petrol everyday (about 120 trucks), which is more than enough for Port Harcourt area and Bayelsa.
He said that the only way the organisation could import was through the use of foreign exchange.
He noted that oil sales had gone down by more than one-third from more than 100 Dollars per barrel to about 30 Dollars per barrel.
He attributed the scarcity of the product to the low cost of oil in the international market, noting that NNPC had devised three means of solving the foreign exchange problem.
He explained that the Corporation sold crude oil directly and got refined products, saying it had also connected its major marketers, the joint venture partners, who also sell directly and dedicated some money for their downstream companies.
Explaining further, the GED downstream, Mr Henry Obih, said that the Department of Petroleum Resources (DPR) had issued NNPC the right to import 79 per cent of petroleum in the first quarter of 2016 and 42 per cent in the second quarter.
He reaffirmed the warning by the Minister of State for Petroleum, Dr Ibe Kachikwu, to confiscate products being hoarded at filling stations and dispensing free to users.
According to him, any station caught a second time will have its licence seized and reallocated.
On the current state of refineries, the GED Refineries, Mr Anibor Kragha, said the key issue was addressing consistency of crude supply after which capacity utilisation would follow.
He said that the refineries had started to run with Port Harcourt delivering about five million litres a day, Warri delivering between two million and 2.5 million litres of petrol per day, while Kaduna refinery for the first time in so many years was receiving crude.
“What we are doing now is to raise money to high grade our facilities. We are looking at how we are going to get funding to get to capacity utilisation and when that happens, we will be able to deliver a significant quantum of products to the market.
“Our target for this year is at least t 75 per cent utilisation but first of all we need to secure the crude supply and get the crude consistently,’’ he said.

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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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