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South-East Paid More For Fuel In Oct -NBS
A monthly price watch on Premium Motor Spirit (Petrol) released yesterday by the National Bureau of Statistics, NBS shows that consumers in the five Eastern States paid more than their fellow citizens in other zones in the month of October.
The report indicates that a litre of petrol sold for N147.75 which was more than the price sold in the other three zones of the country.
According to the price watch, consumers in North West paid average price of N145.63 per litre; North East N146.06; North Central N145.29; South West N145.05, South-South paid N146. 35, while South East consumers paid N145 in the month under review.
However, states with the highest average price of premium motor spirit (petrol) were Abia (N150.69), Cross River (N150.41) and Adamawa (N149.85) and states with the lowest average price were Borno (N141.50), Akwa-Ibom (N143.83) and Benue (N144.17).
On the whole, the report revealed that the average price paid by consumers for premium motor spirit decreased by -1.03% year-on-year and increased by 0.32% month-on-month to N145.94 in November 2019 from N145.48 in October 2019.
Cooking Gas For Liquefied Petroleum Gas, average price for the refilling of a 5kg cylinder in the month under review increased by 1.67% month-on-month and decreased by -4.05% year-on-year to N2,000.29 in November 2019 from N1,967.46 in October 2019. States with the highest average price for the refilling of a 5kg cylinder were Bauchi (N2,476.29), Borno (N2,373.61) and Yobe (N2,310.60).
States with the lowest average price for the refilling of a 5kg cylinder were Ebonyi (N1,650.00), Ogun (N1,750.00) and Abuja (N1,760.00).
Similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas increased by 0.40% month-on-month and decreased by -2.85% year-on-year to N4,121.15 in November 2019 from N4,104.83 in October 2019.
States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (N4,622.22), Bayelsa (N4,611.11) and Anambra (N4,521.48).
States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kano (N3,525.00), Zamfara (N3,575.00) and Kaduna (N3,691.67).
The average price per litre paid by consumers for National Household Kerosene decreased in the month of October by -2.21% month-on-months and increased by 6.44% year-on-year to N317.54 in November 2019 from N324.72 in October 2019.
States with the highest average price per litre of kerosene were Cross River (N359.28), Adamawa (N353.13), and Plateau (N350.37). States with the lowest average price per litre of kerosene were Yobe (N270.00), Borno (N270.88) and Katsina (N277.78).
Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 0.04% month-on-month and by 5.69% year-on-year to N1,210.37 in November 2019 from N1,209.84 in October 2019.
States with the highest average price per gallon of kerosene were Borno (N1,322.22), Jigawa (N1,308.33) and Adamawa (N1,306.25).
States with the lowest average price per gallon of kerosene were Bauchi (N1,110.71), Bayelsa (N1,117.27) and Akwa Ibom (N1,120.42).
Diesel For Automotive Gas Oil (Diesel), the average price paid by consumers in the same month decreased by -0.49% month-on-month and increased by 2.52% year-on-year to N225.08 in November 2019 from to N226.19 in October 2019.
States with the highest average price of diesel were Benue (N258.75), Borno (N255.43) and Kwara (N241.67).
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Tinubu Urges Nigeria, S’Africa To Strengthen Ties For Africa’s Dev
President Bola Tinubu yesterday stated that Nigeria and South Africa share a collective destiny to collaborate for the betterment of the African continent.
He stressed that both countries must intensify cooperation across various sectors, adding that the success of the partnership lies in the implementation, not merely the signing of Memoranda of Understanding (MoUs).
Tinubu made this remark yesterday during his opening address as he co-chaired the 11th session of the Nigeria-South Africa Bi-National Commission alongside President Cyril Ramaphosa in Cape Town, South Africa.
He said, “Our successive governments on both sides have recognised our shared history of collaboration and cooperation. We must ensure that the spirit of collaboration and cooperation between our two leading countries in Africa intensifies and deepens under the leadership of our respective nations. This is not a matter of choice but of destiny, which includes a historical responsibility to the African people.”
The Nigeria-South Africa Bi-National Commission, established in 1999, aims to strengthen the ties of friendship and cooperation between the two nations. The first Heads of State-level session took place in Pretoria in October 2019.
Tinubu noted that this year’s meeting coincides with the 25th anniversary of the Commission, disclosing that Nigeria and South Africa have signed about 36 MoUs that reflect their friendship and cooperation.
The President, however, stressed that MoUs alone do not constitute success and must be backed by consistent implementation.
“The BNC has existed since 1999, with approximately three dozen MoUs and agreements in operation. The BNC has come of age. I must, however, caution that we should not count our successes by the number of MoUs signed. They are mere pieces of paper until we implement them in both spirit and letter,” he explained.
Tinubu called for a special emphasis on strengthening the relationship between the youth populations of both countries, stating that Nigeria and South Africa, with their large youthful demographics, can significantly boost their economic development.
According to him, “My desire is that we accelerate youth development. Beyond natural resources, our most precious resource is our youthful population. These young people represent the future. We must invest in their skills and potential for the good of the continent. My administration has embraced an inclusive approach, placing young people in charge of key sectors of the economy, believing that the future must start now.”
The President also assured Ramaphosa of Nigeria’s commitment to strengthening the partnership between the two nations and warned against external forces that might be threatened by the alliance between Africa’s two largest economies.
“As the adage goes, ‘The glory of the eagle does not please the kite.’ Let us remain mindful of the overt and covert hostilities that our partnership may attract. If we remain vigilant, committed, and persistent, we will soar like eagles over the predators. We must stay united in purpose,” Tinubu stated.
He also called for the creation of an anti-illegal mining group, stressing that Africa’s natural resources should benefit its people.
“One issue I want the BNC to explore is the establishment of an anti-illegal mining group. Illegal mining is robbing our nations of precious resources that could foster development. Sponsored by powerful external forces, such mining is causing strife, poverty, environmental degradation, and undermining governance. We cannot allow this scourge to hinder our progress,” Tinubu said.
He urged South Africa’s support for Nigeria’s bid to gain full membership in the G20, BRICS, and the BRICS New Development Bank, adding, “Nigeria would like to join South Africa and the African Union in the G20.”
Earlier, South African President Cyril Ramaphosa highlighted Nigeria’s role as a host for several South African companies and reaffirmed his country’s openness to Nigerian businesses, citing numerous investments and operations in South Africa.
He acknowledged the need to remove existing barriers to greater investment.
Ramaphosa said, “We need to remove the remaining constraints to investment and address challenges faced by companies in both countries. We are encouraged by the steps being taken under your leadership to improve Nigeria’s business environment, which provides assurances to investors, including South African companies.”
He also highlighted measures to simplify visa processes for Nigerian business people, including five-year multiple-entry visas for eligible applicants and a streamlined process for Nigerian tourists.
Ramaphosa expressed hope that the 11th Session of the Bi-National Commission would solidify cooperation in critical areas and stressed the importance of implementing previously agreed-upon decisions and monitoring progress.
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PENGASSAN Plans Showdown With Oil Firms Hiring Expatriates
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) is preparing for a face-off with oil companies that are prioritising expatriates for job opportunities while neglecting to hire qualified Nigerians.
PENGASSAN President, Festus Osifo, gave this indication during his address at the union’s National Executive Council meeting, held in Abuja, yesterday.
Osifo said the growing trend by companies to employ foreigners, mainly Indians, is contrary to the local content regulations which seek to increase local content participation to 70 per cent by 2027.
He stressed that many companies have abused the expatriates quota outlined by the government, fuelling unrest and resentment among Nigerians who feel excluded from opportunities in their industry.
He said, “A pressing concern is the high number of expatriates in Nigeria’s oil and gas industry, mainly from India. While skilled foreign workers contribute to economic development, the current situation demands attention.
“We have been calling names. We are not shying away from calling names. We called out a company called Indorama and others and the issue was fixed in the past.”
Osifo further called on the Nigerian Content Development and Monitoring Board and the Ministry of Interior to stop granting employment licenses to every foreigner who comes into the country seeking employment.
He said, “We are also holding to account a government institution called Nigerian Content Development and Monitoring Board and the Ministry of Interior, these are the people that give permits for these expatriates to come. If you go to some of these companies, vulcanizers and conductors are Indians.
“Even operators are Indians. And that should not go. So, rising from this NEC meeting, we are going to resolve that we will do everything possible to hold them to account.
“This is not the first company where this has been done. In the company where I work, for example, Total Energy, in 2015, it was a battle. It was war. We took it to them, and we ensured that the expatriate index was greatly reduced. So, we have done it before. We can also do it again. Because the more you send these expatriates away, the more, the management of these companies will open up the system and employ more Nigerians. It is so bad that our institutions are weak.
“The people that fight for the workers in Angola are not even trade unions. They are government institutions. If you work in Angola for a while, you must go back to your country and reapply again. And they ensure that the jobs that they give you in Angola are those technical jobs. So, our government must sit up. Our institutions must sit up.”
“NCDMB, Ministry of Interior, they must sit up and do what they ought to do. So, it is a battle that we are much more prepared to fight. And very, very soon, we will confront it head-on and frontally.”
Osifo also requested clarification on the proposed tax reforms bill, particularly in relation to the revenue collection mandate by the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Igerian Upstream Petroleum Regulatory Commission.
The association asked the government to extend the tax exemption level to persons earning N150,000 per month.
“On the issues of tax reform, we are currently examining the bill. So, one of the areas that we have seen in the bill that is quite okay is to give tax relief to people who are around minimum wage. What is there in the bill today is about N800,000 per annum.
“And also, for businesses whose turnover is about 50 million Naira, we found that most of the nano and micro businesses fell within that range of 50 million. So, it’s quite good. But, what we have been advocating is that that N800,000 is too small. The government should expand it to persons earning N100,000 to N150,000 per month. So, we are studying the bill, and we are looking at those provisions that are salient. These are what we will bring up at the public hearing.
“So, when we are done with all these, we will send you a copy of our position as PENGASSAN. And in addition to what I just said, there is also a particular area that we are looking at. Today, we have NMDPRA. We have NUPRC. So, they largely pay our members from the cost of connection. But today, they want to replace that with the Nigerian Revenue Service.
“The service will be collecting revenue across the board, both from the oil and gas and customs. So, we are currently studying that provision. We would still need clarification on these issues. We are asking when these are going to form our proposal to the National Assembly during the public hearing,” he added.
When asked if any workers became unemployed as a result of the recent divestment by international oil companies, Osifo said, “We can confirm to you that as of today, there is no single job that has been lost in any of these companies as a result of divestment.
“This is because we realise that our primary function is how to safeguard jobs for our members. First, you safeguard jobs, then you start talking about pay enhancement. If the job is not there, you won’t be able to talk about pay enhancement because what are you enhancing? So first, you safeguard the job.
“So in each of the agreements that were signed, it was clearly stated, all our jobs will be safeguarded.”
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NAFDAC Busts Fake Alcohol Factory In Lagos
The National Agency for Food and Drug Administration and Control (NAFDAC) has dismantled a makeshift factory in the Oke Arin market, Lagos Island, where counterfeit alcoholic beverages were being illegally produced.
According to a statement via its X, yesterday, the agency, acting on a complaint, conducted a raid that led to the arrest of three men and the seizure of counterfeit drinks, empty bottles, and packaging materials.
According to NAFDAC, the seized products, which included fake versions of popular alcoholic brands, were valued at over ¦ 180 million.
The main suspect, Mr. Tochukwu Henry, confessed to refilling bottles labelled as Rémy Martin with ST-Rémy contents.
He also admitted to employing two other individuals to assist in the operation.
The statement said, “NAFDAC has raided a makeshift factory in Oke Arin market, Lagos Island, following a complaint about the illegal production of alcoholic beverages. Three men were apprehended and various counterfeit alcoholic drinks, empty bottles, and packaging materials were seized.
“The products, valued at over ¦ 180 million, included fake versions of popular brands. The main suspect, Mr. Tochukwu Henry, confessed to refilling bottles labelled as Rémy Martin with ST-Rémy contents and employing two others to assist in the illicit operation.
“All suspects are currently in custody for further investigation. NAFDAC calls on the public to remain vigilant, especially during the festive season, and to report suspicious activities and products to the nearest NAFDAC office.”
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