Connect with us

Featured

IPMAN Kicks Against Fuel Price Reduction To N123.50

Published

on

The Independent Petroleum Marketers Association (IPMAN), yesterday, kicked against the N123.50 new fuel pump price announced by the Petroleum Products Pricing Regulatory Agency (PPPRA) effective April 1, saying that its members would not comply with the adjustment until they have exhausted their old stocks.
This was as it says that its members incurred losses to the tune of N5.5billion from the N125.50 price adjustment from N145 per litre barely two weeks ago.
The Chairman, Kano branch of IPMAN, Alhaji Bashir Danmalam, stated this while speaking with newsmen in the state on the development of the new N123.50 pump price.
It would be recalled that the Federal Government reduced the price from N145 to N125 and now to N123.50, yesterday.
Danmalam said, “the last time the Federal Government reduced the pump price of the product from N145 per litre to N125 per litre, our members nationwide lost over N5.5billion as a result of the sudden reduction.
“We called on the government to compensate or support our members who incurred the huge losses due to the sudden reduction in fuel pump price but nothing was given to us.
“But to our surprise, the private depot’s owners were paid but none of our members was supported to cushion the losses they incurred. This time around we will not sell our product at that price until the old stocks are exhausted. We will not continue to operate at loss.
“Apart from the Federal Government, IPMAN is the largest employer of labour in the country and we cannot afford to continue to support the government at this trying time while as business people we are operating at loss.
“Even though we are happy with the new development and the Federal Government should be commended for the gesture but the government should consider the fact that no sane marketer or businessman will continue operating his/her business at loss.
“Before the last announcement, many of our members have already bought and loaded their vehicles with the product at old prices from Lagos, Port Harcourt and Warri and we spend five to seven days before reaching our destinations. So, we are not going to sell the product at the new price until we sell the old stocks.
“The management of the PPPRA should be accused of trying to sabotage the Federal Government’s efforts to ensure sustained fuel supply and distribution across the country through some policies that could plunge the sector into a serious crisis.
“We would not hesitate to ask our members to withdraw their services should any filling station of its member is closed for not selling at the new pump price of N123.50 per litre.
“We hope the Federal Government will see reason and come to the aid of our members as it supported private depots because our members will not continue to operate at loss,” Danmalam stated.
Earlier, the Federal Government, had further slashed the price of Premium Motor Spirit (PMS), also known as petrol, to N123.50 per litre, with effect from April 1, 2020, from N125 per litre. The new price, which would last throughout the month of April, was coming on the back of a continuous decline in the price of crude oil in the international market.
In a statement in Abuja, Tuesday night, Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Mr. Abdulkadir Saidu, stated that the new price was in line with the approval of the Federal Government for a monthly review of the price of petrol.
He said, “PPPRA, in line with the government approval for a monthly review of Premium Motor Spirit (PMS) pump price, hereby announces Guiding PMS pump price of N123.50 per Litre.
“The Guiding price which becomes effective 1st April, 2020, shall apply at all retail outlets nationwide for the month of April, 2020.
“PPPRA and other relevant regulatory agencies shall continue to monitor compliance to extant regulations for a sustainable downstream petroleum sector. Members of the public and all oil marketing companies are to be guided accordingly.”
The Federal Government had on March 18, announced a reduction in the price of fuel from N145 per litre to N125 per litre.
Hours after the announcement of the reduction, the PPPRA explained that there is the possibility of a new price regime for the commodity from April 1, noting that the new N125 per litre pump price would last till the end of March, 2020.
Addressing newsmen in Abuja, Executive Secretary, PPPRA, Mr. Abdulkadir Saidu, had stated that the agency would be undertaking a review of PMS price, and would announce a new price for the commodity, April 1, 2020, if there is a change in the parameters used in determining the current price.
He noted that the price announced Wednesday, March 18, 2020, would apply till March 31, 2020, and a new price might come into effect after the review, adding that henceforth, PPPRA would be undertaking a review of petroleum products prices on a monthly basis.

Featured

Fubara Visits Gas Emission Site, Donates N100m To Bille Kingdom,

Published

on

Rivers State Governor, Sir Siminalayi Fubara, yesterday extended interim relief measures to the people of Bille Kingdom as the government intensifies efforts to address the ongoing environmental degradation affecting the area.

This was contained in a statement by the Head of Information and Public Relations Unit, Office of the Secretary to the State Government, Juliana Masi, yesterday.

The governor, during a working visit to Bille Kingdom in Degema Local Government Area, reassured residents of his deep concern for their health and well-being.

He reiterated his administration’s commitment to finding a lasting solution to the persistent gas emissions observed in the community’s land and water sources since November 2025.

Represented by the Secretary to the State Government, Dagogo Wokoma, the governor announced immediate interventions to address urgent needs.

Some of the relief measures include the provision of potable water and essential medical services through the release of ?100 million as palliative support for the affected community.

According to the SSG, “Governor Fubara remains deeply committed to the welfare of the people of Bille Kingdom. Although unable to attend in person due to pressing state engagements, he is fully aware of the situation and determined to tackle the root cause of the environmental challenge”.

The governor assured residents that the state government would not relent in its efforts to provide a permanent solution to the gas emissions, emphasizing that the current intervention is only a temporary measure to ease the suffering of the people.

He further urged members of the community to remain law-abiding and continue supporting his administration, noting that he has consistently demonstrated a track record of fulfilling his promises.

Earlier, the Chairman, Council of Chief for Bille Kingdom, Chief Bennet Dokubo, expressed joy over the State visit, describing Fubara as a leader who listens to the plight of the people.

He urged the governor to critically look into the gas emission which he described as dangerous to human health.

“If we take you into the river, we notice that the entire environment is bubbling and smelling.

“We most humbly urge you to critically look into this situation. This is something strange we have never experienced before. It is not good for human health,” the monarch stressed.

 

 

 

Continue Reading

Featured

Easter: FG Declares Friday, Monday Public Holidays

Published

on

The Federal Government has declared tomorrow (Friday) and Monday, April 6, 2026, as public holidays to mark this year’s Easter celebration.

Minister of Interior, Olubunmi Tunji-Ojo, made the declaration on behalf of the Federal Government through a statement signed by the Permanent Secretary in the ministry, Dr Magdalene Ajani.

The ministe congratulated all Christians in Nigeria and in the diaspora on the joyous occasion of Easter, and urged Nigerians to imbibe the virtues of selflessness, forgiveness, forbearance and love as exemplified by the life and teachings of Jesus Christ.

He reiterated that the goal of the government remains to make decisions that would bring about national rebirth, economic growth, and shared prosperity.

The Tide reports that good Friday will be marked tomorrow, while the Easter Sunday will be celebrated on Sunday across the world.

 

 

 

Continue Reading

Featured

Fubara Reads Riot Act To New SSG, CoS …Warns Against Unauthorized Meetings

Published

on

Rivers State Governor, Sir Siminalayi Fubara, has charged the newly appointed Secretary to the State Government (SSG)  and Chief of Staff (CoS) to carry out their duties with discipline, loyalty and a firm commitment to the success of the  administration and the wellbeing of the people of Rivers State.

The governor warned that any involvement in unauthorised nocturnal meetings or any  conduct capable of embarrassing the government will attract immediate dismissal.

Fubara gave the warning yesterday shortly after the newly appointed  Secretary to the State Government (SSG), Dr  Dagogo S.A. Wokoma and the new  Chief of Staff (CoS), Barrister Sunny Ewule, were  sworn in at the Executive Council  Chambers of Government House, Port Harcourt.

As part of the ceremony, the  Chief Registrar of the State High Court, David Ihua-Maduenyi   administered the Oath of Allegiance and Oath of Office on the duo before the governor gave his charge.

Addressing the appointees, Fubara reminded them that their elevation to the new positions was a call to service and not a platform for political grandstanding or the  pursuit of  personal ambition.

He stressed that their foremost responsibility should be to themselves and to the people of Rivers State, stressing that their conduct must always  reflect integrity, restraint and dedication to public good.

Speaking directly to Dr. Wokoma, whom he described as an accomplished academic and mathematician, the governor   expressed confidence in his intellectual depth and capacity to deliver on the new assignment.

The office of the Secretary to the State Government, Fubara stressed, demands thoroughness, discipline and a deep sense of responsibility. He charged the SSG  to  represent the State with honour at all times.

“Your duty includes representing the state government. You need to represent us in a way and manner that will bring honour to us.

“What is important to this administration is to see that the good works that we started  and the ones that we met, are concluded in a way that will bring progress and development to our dear state,” he stated.

Turning to the new Chief of Staff, the governor explained that  he  is expected to ensure smooth administrative coordination, managing  official engagements effectively and safeguarding the image of the Government House.

He underscored the sensitive and personal nature of the role and emphasised  that the position operates strictly under the  authority of the governor.

Fubara stressed   that  the role   does not permit independent political engagements or private strategy meetings  without his knowledge and consent.

“Let me sound it here very clearly. Your duty  is to make sure that you handle the administrative duties  and image making roles perfectly well,  liaising with whoever is coming for any official assignment here.

“If you involve yourself in nocturnal meetings and all those things, I will sack you. I’m very serious. What is important to me today is peace, progress and prosperity of this state. I’m not going to compromise anything for it,” he said.

The governor cautioned that involvement of the new appointees in  any action capable of bringing  the government or his office to disrepute would attract appropriate sanctions.

While congratulating the new appointees, Fubara expressed optimism that they would justify the confidence reposed in them.

He called on all public officials to work together in unity, observing that collective success is stronger and more enduring than individual achievement.

The governor who also addressed the Permanent Secretaries present at the ceremony, directed those of them who have reached retirement age to start   preparing their handover notes without delay.

The notice, he said, was not intended to scare anybody but to prepare their minds towards the inevitability of exiting the service  one day and to pave way for an orderly transition.

He warned against any attempt to engage in financial misconduct or last-minute irregularities, stressing that he was closely monitoring  the system to ensure strict enforcement of accountability rules.

Continue Reading

Trending