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IPMAN Tasks NNPC On Fuel Allocation Formula

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The Independent Petro
leum Marketers Association of Nigeria (IPMAN) on Saturday urged the Nigerian National Petroleum Corporation (NNPC) to increase petrol allocation to its members across depots in the country.
IPMAN National Operations Controller,  Mr Mike Osatuyi,made the appeal in an interview with newsmen in Lagos against the persisting fuel scarcity.
According to Osatuyi, the 78 per cent import allocation to NNPC led to the disruption in the petroleum products distribution chain which, he said is causing the ongoing scarcity.
“The only way to address the lingering scarcity is when government through the NNPC/Petroleum Pipeline Marketing Company (PPMC) increases independent marketers’ allocations.
“This is because we control about 87 per cent of the country’s outlets.
“The fuel situation has been fragile since the NNPC assumed the role of the sole importer of petrol,’’ he said.
Osatuyi noted that the supply gap over a period of time now was because the NNPC imported 78 per cent of the petrol needs of the country, while marketers battled with just 22 per cent.
“The NNPC has access to forex (foreign exchange) because they do the SWAP deal and therefore, are not constrained by the challenge.
“But for marketers, it is difficult to source the dollar and therefore not profitable to import under the present condition.
“Most of IPMAN members have been queuing at various depots for months in anticipation of loading but to no avail.
“If IPMAN allocation is increased, it will go a long way in addressing the country’s scarcity because, if we have, we will sell,’’ the controller said.
Meanwhile, some marketers at both Ejigbo Satellite and Mosinmi depots, who preferred anonymity, alleged that they have been marginalised by the corporation at the depots.
The marketers lamented that its members were being schemed out by the NNPC.
According to them, trucks belonging to members of the association which had been at the depots for 10 days were not given adequate supplies.
“This is despite having loading vouchers worth over N5 billion with the NNPC.
“We have over N4 to N5 billion vouchers with NNPC but they refused to load members of IPMAN appropriately.
“Instead of loading about 50 trucks, we end up getting between 10 and 15 trucks,’’ the marketers said.
They also claimed that the corporation was only loading its retail outlets that even lifted their products on credit.
Efforts to get the PPMC spokesperson to react to the IPMAN allegations proved abortive as his telephone line was switched off.
However, findings from some filling stations within the Lagos metropolis revealed that motorists were experiencing difficulty having access to purchase petrol.
For instance, the NNPC retail outlet at Onipanu was dispensing petrol with over 200 vehicles on queue while the Mobil Filling Station at Anthony was not dispensing and its gates barricaded.
Black marketers now sell five litres of fuel at N2,500, while 20 litres sold for N25,000.

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Association Woos Govt, Coys On  Boat Operators  Employments

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The leadership of Bonny Maritime Boat Association has called on Rivers state Government and oil companies operating in the state to provide sustainable employment to unemployed boat Operators.
The Association also want the government, companies and other relevant employers of labour to provide trainings for boat Operators to enhance their skills
Safety Officer of the Association, Comrade Kingdom Kingsley made this known in  a  telephone interview with  The Tide.
He noted that most of the boat Operators and owners plying Bonny route lacks jobs due to the fleets of boats introduced by Bonny Road Transport that had taken over the passengers to the Island
He noted that passengers are no longer patronizing boats owned by the Association, thereby rendering the operators redundant
“Most of our operators can not afford to feed their families due to no jobs, we don’t want to indulge in crime, government should fix our members with  sustainable jobs to take care of their immediate needs”
He called on oil companies operating in the state to engage their skilled boat Operators in their companies to reduce the sufferings faced by the Association.
The Safety Officer called on the state government  to made funds available to unemployed youths in the state to start up business than roam the streets.
He noted that provision of funds to youths would reduce crime rates and reposition their mindsets for a better life
“The  youths of Rivers state are suffering, have no job to feed their families, thereby indulging in criminality daily”
“The youths need empowerment,  jobs,  recreational facilities and better things of life as citizens of this Nation”, Kingsley said.
CHINEDU WOSU
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FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters

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The Federal Government has approved a whooping $1bn credit facility to support Nigerian exporters and small scale businesses to take advantage of the African Continental Free Trade Area (AfCFTA) in order to boost production, competitiveness and intra-African trade.
The $1bn AfCFTA Adjustment Fund Credit Facility is also expected to address some of the financing gap being faced by Nigerian exporters and enhance the competitiveness of African businesses within the continental market.
The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this  during the second quarter 2026 meeting of the AfCFTA Central Coordination Committee held in Abuja.
According to a statement issued by the ministry’s Head of Press and Public Relations, Obilor-Duru Okechi, Oduwole said the financing facility represented a major opportunity for Nigerian businesses seeking to expand operations, modernise production processes and increase exports to African markets.
The statement partly read, “?The Federal Government has reaffirmed its commitment to accelerating Nigeria’s export-led growth agenda under the African Continental Free Trade Area, unveiling opportunities for businesses to access a US$1 billion AfCFTA Adjustment Fund Credit Facility aimed at boosting production, competitiveness, and intra-African trade.”
She noted that despite the progress Nigeria had made in implementing the continental trade agreement, many local businesses continued to face obstacles that limited their ability to take advantage of the single African market.
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“Many businesses still face challenges relating to export documentation, certification, standards compliance and market access,” the minister said.
She explained that the Federal Government was addressing these bottlenecks through enhanced trade facilitation measures, simplified AfCFTA guidance tools, stakeholder engagement programmes and stronger collaboration with institutions such as the Nigeria Customs Service and the Nigerian Export Promotion Council.
Oduwole stressed the need to strengthen Nigeria’s legal and regulatory framework by domesticating key AfCFTA protocols, particularly the Digital Trade Protocol, to position the country as a major player in Africa’s growing digital economy.
The minister also highlighted some of the gains recorded in Nigeria’s AfCFTA implementation efforts.
According to her, the expansion of Nigeria’s Air Cargo Corridor Initiative to Rwanda, increased collaboration with development partners and private sector players, as well as sustained engagement with state governments, were helping to deepen awareness and participation in the continental market.
In her welcome address and first-quarter update, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, provided details of the financing initiative.
Okala said the $1bn AfCFTA Adjustment Fund Credit Facility was targeted at large African businesses with a minimum financing capacity of $10m.
She revealed that the National AfCFTA Coordination Office was working closely with fund managers to facilitate access for eligible Nigerian companies and had begun assembling a pilot group of businesses to ensure that Nigeria maximised the opportunities provided by the facility.
Nkpemenyie Mcdominic, Lagos
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NIWA Harps On  Avoidance Of Leaking Boats

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The National Inland Waterways Authority (NIWA) has advised Nigerians against boarding boats that require constant bailing of water in the interest of their safety.
 NIWA Area Manager for Cross River and Ebonyi, Mr Stanley Onuoha gave this warning in an interview with Newsmen in Calabar.
Onuoha who spoke on waterway
safety, said that passengers should take responsibility for their safety by inspecting boats before embarking on any journey.
According to him, repeated scooping of water from a boat is a clear indication that the vessel may be leaking.
“If you are entering a boat and see people using a bailer to remove water, it is the first signal that the boat is leaking,” he said.
He urged passengers to check the integrity of boats, including seating arrangements and other visible safety features.
The Manager restated the importance of using safety jackets, saying that damaged jackets may fail during emergencies.
He further said that passengers should ensure that safety jackets were appropriate for their body sizes in order to guarantee effective flotation.
 Onuoha reiterated the need for passengers to fill manifests before departure to aid accountability during emergencies.
The NIWA official further advised travellers to monitor weather conditions and avoid boarding boats when the weather is unfavourable.
According to him, poor weather conditions can trigger strong tidal waves capable of affecting small boats commonly used on inland waterways.
He said that waterway journeys should be embarked upon between 6.00a.m and 6.00p.m for clearer visibility.
Onuoha said  the Authority had continued to sensitise riverine communities to the need for safety precautions during waterway journeys.
He stated that sustained awareness campaigns and enforcement measures had contributed to safety waterway safety in Cross River.
CHINEDU WOSU
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