Business
IPMAN Kicks Against Bulk Purchase Pact Renewal
Independent Petroleum Marketers Association of Nigeria (IPMAN) has condemned the introduction of bulk purchase agreement renewal as one of the conditions for loading products at the Pipelines Products Marketing Company (PPMC) depots.
The Chairman.
IPMAN Chairman, Western Zone, Alhaji Debo Ahmed made the observation in an interview with newsmen in Lagos last Saturday.
Ahmed said that some PPMC officials had instructed marketers loading products at depots to renew their bulk purchase agreement before loading.
According to him, such directive is adversely affecting marketers loading from the depots.
NNPC has been recording huge financial loss by pumping petroleum products through the System 2B Pipelines Network due to the activities of the vandals.
System 2B pipelines network is the pumping of petroleum products from Atlas Cove in Lagos Island to Ejigbo, through Mosinmi in Ogun to Ibadan to Ore in Ondo State and Ilorin in Kwara.
The corporation had in 2016 stopped pumping of products through the network, thereby making use of the private depots in Apapa to distribute its products.
“We appeal to government to reconsider the bulk purchase agreement renewal on marketers.
“The newly introduced bulk purchase agreement renewal by the government officials is a fraud.
“We are told that all marketers should come and renew its bulk purchase agreement for four years again after we have paid and signed during registration with the depots initially.
“This is against the bulk purchase agreement earlier signed with marketers; this has affected us adversely from the point of loading.
“We want to tell the government that what the officials are doing on the bulk purchase agreement is wrong.
“It’s another form of ripping the marketers. We are not sure the money is going to the Federal Government’s account,” he said.
Ahmed urged PPMC management to commence loading of products at the depots, saying it took over a week for the products to be stored at the depots.
“As we speak, we have about 60 million litres of petrol at Mosinmi Depot, while Ejigbo Satellite Depot has over 35 million litres.
“But other depots like Ore in Ondo, Ibadan, and Ilorin have not received products.
“We have not commenced loading at Mosinmi and Ejigbo satellite depots; we are told that the loading would commence soonest but it has not started.
A marketer said on a condition of anonymity that one of the reasons why loading was delayed at PPMC depots was the connivance between the corporation officials and the private depots.
According to the marketer, such connivance will ensure that the private marketers sell their products on time.
The marketer said that most private depots were selling above the official ex-depot price; adding that such practice would affect their gains when PPMC depots were selling to marketers.
“They want the private depots in Apapa to finish selling their products before the PPMC depots begin, knowing that once they start selling, no marketer will patronise the private depots,” the source said.
A check by our source at the depots indicated that business activities around Mosinmi and Ejigbo depots have started to pick up after 11-months of non-availability of products for loading by marketers.
The immediate past Chairman, IPMAN, Mosinmi Depot, Alhaji Dele Tajudeen, said that the place had been the central point for all marketers in the western zone.
He said that for over 11 months, the marketers could not load products from the depot.
According to him, Mosinmi depot has turned to a graveyard.
“No business activities are going on there; marketers have suffered greatly due to non-availability of products.
“The shutdown of pumping of products to Mosinmi has affected our business including that of the petty traders within the premises.
Tajudeen, however, commended the management of NNPC for finding a lasting solution to the damaged pipeline.
Mrs Alice Bakare, a food seller, Ejigbo depot, commended government for resuming operation at the depot, adding that many petty traders had suffered due to the closure of the facility.
Mr Adamu Idris, a truck driver, expressed optimism of loading at the Mosinmi depot, saying he had been on the queue since Tuesday but loading had yet to begin.
However, an unnamed official of PPMC, Ejigbo, told NAN that they were still expecting a directive from Abuja to start loading.
The official declined comments on the bulk purchase agreement renewal.
“I cannot comment on that now, but that was the instruction,” he said.
Business
Minister Constitutes Tech Committee On Aviation Ties With Angola
Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has constituted a technical committee to work with the Angolan Embassy on deepening aviation ties with Nigeria.
Special Assistant on Media and Communications to the Minister, Mr. Tunde Moshood, in a statement, said the committee would oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
This development is coming after Keyamo received the Angolan Ambassador to Nigeria, Jose Bamoquina Zau, and his Deputy, Nelson Paulo Kafikiri, in Abuja.
The statement revealed that the Angola’s Minister of Transport, Dr. Ricardo Viegas de Abreu, was keen to build a synergy between both nations and was eager to tap into the wealth of experience of Nigeria’s aviation leadership.
According to the statement, “The visit is aimed at strengthening aviation ties between Nigeria and Angola, particularly as Angola embarks on a new era for its aviation industry.
“The Angolan delegation brought positive updates on the progress of Angola’s aviation sector, specifically highlighting the recent overhaul of its airport infrastructure.
Ambassador Zau informed Keyamo that the new airport, set to serve as a strategic hub for the region, will be officially inaugurated in one month’s time.
In delivering a message from the Angolan Minister of Transport, Ricardo de Abreu, the Ambassador conveyed the Minister’s warm greetings and underscored Angola’s eagerness to foster collaboration with Nigeria.
He expressed interest in exploring a bilateral air services agreement and other mutually beneficial opportunities within the aviation sector.
Ambassador Zau also extended an official invitation from Minister Ricardo de Abreu for Keyamo to attend the grand opening of Angola’s new airport next month.
He emphasised that both nations stand to gain from deeper cooperation, particularly in aviation business and infrastructure development.
In response, the aviation Minister expressed appreciation for the visit and congratulated the Angolan government on its impressive strides in aviation infrastructure.
He affirmed his commitment to attend the upcoming event and signalled Nigeria’s readiness to work closely with Angola to enhance air connectivity and explore new business opportunities.
“To ensure seamless coordination ahead of the event, the Aviation Minister has constituted a technical committee to work with the Angolan Embassy’s team.
“The committee will oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
“The meeting underscores the continued commitment of both nations to expand their aviation sectors and work towards a prosperous and mutually beneficial relationship”, Moshood stated.
Business
NIWA Wants Deeper Private Investment In Blue Economy
The National Inland Waterways Authority (NIWA) has called for deeper private sector participation in the blue economy initiative to harness greater benefits from it, for national development.
The Authority also commenced moves to improve security across the nation’s Waterways, in a bid to attract private investment into the Blue economy.
Managing Director of NIWA, Mr. Bola Oyebamiji, who disclosed this to newsmen during the tour of Wari and Onithsa area offices, said NIWA is determined to revamp the nation’s economy by consolidating on Public/Private Partnerships (PPP) initiatives.
“This initiative is part of our deliberate plans to open up new opportunities to maximise full economic potentials of the nation’s waterways.
“The PPP is the way to go but we need people or investors, who have genuine intentions and purposes to enable us align with President Bola Tinubu’s Renewed Hope Agenda for economic recovery”, he said.
The agency’s boss tasked the staff to live up to expectation by working harder in revenue generation that could open rooms to better their welfare.
He warned the staff against indolence and laxity since he was committed to staff welfare and revenue generation
According to him, there is need for the staff to be disciplined and committed by rededicating themselves to the growth and development of the Authority.
Business
Discount Airfares: Qatar Airways, Access Bank Extend To Dec
The Qatar Airlines, in its efforts to further ease financial burden of air passengers, has extended its discount partnership deal with Access Bank till December 2024.
Access Bank customers, who book their flights online using Qatar Airways’ website in this deal, enjoy up to 12 percent discount on both business and economy classses.
The Bank’s customers, using the promo code “ACCESS”, can book flights to any destination in the world and travel.
Qarta Airline, in a statement through the Vice President–Africa, Hendrick du Preez, stated that the partnership reiterates the Airways’ commitment to streamline travel within and across African markets by delivering first-rate services and offerings to passengers.
“As we are in the summer season and passengers tend to want to travel to spend time with loved ones, our priority at Qatar Airways remains broadening opportunities to travel for our passengers in the African market.
“Although Africa stands as the most underserved market, we strongly believe in the power of partnerships like these in transforming travel within the continent.
“We are proud to partner with respected pan-African financial institutions like Access Bank to provide innovative incentives for passengers and customers”, he stated.
This is coming on the heels of Qatar Airways’ recent expansion of routes across the African continent along with increased flight frequencies in various locations.
Also in the release, Access Bank’s Executive Director for Corporate and Investment Banking, Iyabo Soji-Okusanya, expressed enthusiasm about the partnership.
“Our team is delighted to collaborate with Qatar Airways to bring exceptional travel benefits to our valued customers. This offering aligns with our commitment to enhancing the overall experience for those who choose Access Bank and continue to do so every year.
“By providing exclusive discounts on Qatar Airways flights, we aim to make travel more accessible and enjoyable for our customers”, Soji-Okusanya said.
Corlins Walter
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