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NNPC Begs IPMAN – Assures Enough Product During Yuletide

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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has appealed to Independent Petroleum Marketers Association of Nigeria (IPMAN), not to embark on their proposed strike action on December11.
Baru made the appeal during the commissioning of the NNPC Ultra-Mega Station in Shagamu, Ogun State.
According to our sources, IPMAN Lagos Chapter on November 29 threatened to withdraw its services from December 11 over NNPC’s breach of bulk purchase agreement to sell fuel to them at N133.28k per litre.
The association, in a statement signed by its state Chairman, Alhaji Alanamu Balogun, Vice Chairman, Mr Gbenga Ilupeju and the Secretary, Mr Kunle Oyenuga, said it was set for a showdown with NNPC over irregular fuel supply at Ejigbo satellite depot.
The GMD said that this was not the right time for the independent marketers to embark on strike.
According to the GMD, as the sole importer of petroleum products, the corporation is distributing the products according to Petroleum Products Pricing Regulatory Agency (PPPRA) template of N131 per litre.
He said there was no reason for marketers to sell above the pump price of N145 per litre.
“If some marketers are selling above the approved PPPRA template at depots, we will leave it for relevant regulatory agencies to seal them up.
“They know the implication of going on strike now.
“I will advise them to report any member of Depot and Petroleum Products Marketers Association (DAPMAN) that sells at N141 per litre to relevant regulatory agencies to take action,” he said.
He said the corporation had about 35 million litres of petrol for daily consumption and a reserve of over one billion litres for Christmas and New Year Celebration.
The GMD urged motorists against panic buying, adding that the corporation had what could last for over 30 days in stock.
Baru said the Ultra-Mega station was the first of its kind in the country.
He said the state was the only state in the country with two mega stations.
The GMD said Ogun had always played a major role in the economic development of the nation.
Otunba Gbenga Ashiru, the Ogun Commissioner of Commerce and Industry assured the NNPC boss that state would give adequate protection to the mega station.
Ashiru said Ogun State was one of the safest state in the country.
He said the location of the station on Lagos Ibadan express way was a good one because the road is the busiest in the country.
The Commissioner said the mega station would provide commerce and job for the indigenes of the state.
Mr Adeyemi Adetunji, the Managing Director, NNPC Retail Ltd. said the commissioning marked another milestone in the resolve of the GMD and NNPC top management to increase its footprint in the downstream petroleum industry.
According to him, this will ensure adequate supply of premium petroleum products to the good people of Nigeria.
“We are launching our first Utra-Mega Station within our network which will serve the immediate community and travellers commuting to and from western parts of the country.
“You will agree with me that the commissioning of this station will go a long way in ensuring NNPC Retail Ltd actualizes its mandate.
“The station has 22 nozzles that made up of 14 petrol, four diesel and four for kerosene.
“It is bigger in size than previous stations and designed to serve a larger number of customers,” he said.
Meanwhile, the Nigerian National Petroleum Corporation (NNPC) says there will be adequate supply of petroleum products across the country to aid hitch-free vehicular movement during and beyond approaching Christmas season.
The corporation gave the assurance in a statement by Mr Ndu Ughamadu, its Group General Manager, Public Affairs Division in Abuja yesterday.
It said that Ejigbo satellite depot in Lagos was fully stocked and carrying out regular loading of petroleum products.
“The Ejigbo Satellite Depot has consistently dispensed Premium Motor Spirit (petrol) at the approved price of N133.28 per litre contrary to allegations that it was sold at a higher price.
“There is enough petroleum products to last till the end of the year and 25 vessels laden with petroleum products are also being expected to berth between now and January, 2018 to further boost supplies”.
“The corporation, therefore, urges the public not to entertain any fear or engage in panic buying of petroleum products as there is enough to keep the country well supplied,’’ the statement said.
It added that appropriate government agencies had been contacted to settle the rift between Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA).
The Lagos chapter of IPMAN had threatened to withdraw its services in the state and environs sequel to alleged discrepancies in ex-depot prices of petroleum products, among other reasons.

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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