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NNPC Moves To Halt Scarcity Of Aviation Fuel

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The Group Managing Director, Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari has given a ray of hope to the lingering scarcity of aviation fuel, saying it would end soon.
The came as the Director General, Nigeria Civil Aviation Authority (NCAA), Musa Shuaibu Nuhu said that airline operations might be forced to shut down due to high airfares.
Speaking at a special investigative meeting of the House of Representatives chaired by the Deputy Speaker, Hon Ahmed Idris Wase, yesterday, on the fuel crisis, Kyari said there was no excuse for the escalating prices.
The GMD, however, said it was not possible to reduce the price to N200 per litre as the mechanism was controlled by market forces.
The meeting was also attended by the House Committees on Petroleum Downstream and Upstream, Jet A1 marketers, and airline operators.
Kyari said “Why we didn’t act, all the supply data we have sufficient ATK in the country. This means that it may be in the wrong hands. The airline operators must also have the right commercial arrangement with their support petroleum products, particularly Aviation Turbine Kerosene (ATK).
“There’s frenzy in the market today, no one knows what the price will be tomorrow. That’s still not an excuse for escalation of prices; we will work with the relevant authority to ensure that if there’s no such thing. We will deal with it jointly as an industry. We will work together to ensure that this is resolved.
“It’s impossible to bring the price of the petroleum to N200 per litre because today the landing cost of ATK is N480, the price we have no control that’s what the international price says. The only way you can do this subsidise this, all the same, we will do everything possible to bring down these prices.”
Reacting to some concerns of the Parliamentarian on the current crisis in the energy sector despite the passage of the Petroleum Industry Act (PIA), Kyra allayed the fears of Nigerians, saying the country would never regret enacting such law.
“The passage of the PIA is not a mistake, its history made and this country will never regret the passage of the PIA, it’s also our duty to ensure that we continue to implement the provision of this law to the benefit of our country and countrymen. Whenever there’s a supply gap it is our role to ensure that the supply gap is closed by NNPC, we will work with the authority and other stakeholders to ensure that if there’s any gap that’s existing we fill it”, he said.
In his remarks before the committee, the Director-General, Nigeria Civil Aviation Authority (NCAA), Musa Shuaibu Nuhu decried the sharp increase in the prices of aviation fuel.
“Over the last couple of weeks, we have seen a significant rise in the cost of aviation fuel. One year ago it was selling at an N190 per litre and as of this afternoon it has gone for N670 per litre, what this has done is has increased the cost of operations.
“This is a significant safety concern to us, if airlines cannot have enough financial margins to comply with all the mandatory requirements then we have to look at, God forbid I don’t want to come before this committee to explain why something happened. Every day, it increases I won’t be surprised tomorrow if it sells for N700 per litre. Considering the ticket price now, the airline industry cannot survive. It’s either we shut down because they cannot generate enough revenues to operate safely”, he said.
Earlier, the Executive Director, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ogbugo Ukoha had guaranteed sufficiency in the supply of the aviation fuel to last for, at least, the next 32 days.
Noting the role of the agency in regulating the industry and issuing licenses to importers of the product, Ukoha revealed that the authority had issued licences to 28 companies for the importation of the product.
But the committee picked holes in this presentation, warning against sabotage in cahoots with a cartel.
Specifically, the Deputy Speaker, Hon Ahmed IdrisWase, questioned why there was a scarcity of the product if the authority had enough in circulation.
“This is a political era and elections are coming. We do not want anybody to sabotage the efforts that the government has put into revamping the economy so far because aviation is very important to the economy”, he said.
The deputy speaker also lampooned the Nigerian Consumer Protection Council for failing in their responsibility.
Speaking on behalf of the Airliners, the Chairman of Air Peace, Allen Onyema expressed surprise over Ukoha’s presentation.
He, however, appealed to the stakeholders to ensure the reduction of the aviation fuel prices.
“We are asking sir, that the NNPC should ensure that in the coming days to bring down aviation fuel to N200 per litre. That’s the only time we will be able to operate safely and ensure some running of the scheduled operations in this country. I don’t know how they will do it but they should, it will be good because even at N200 it’s a lot for the airlines. Not N400 or any other higher price, as we are talking now it will soon hit N700 and possibly N1,000.
“What happened in the last two weeks is alarming. From a price of N190 per litre two weeks ago, the price is now N670 as of today and we don’t know what it is going to be mater. The government has done so much for us in this industry with the president granting us waivers. We held a meeting and decided to shut down our operations because of the cost of operation. We are owing so much money and we don’t want AMCON to come after us. But we decided not to because we know the impact it will have on the economy.
“We cannot survive like this for another three days. We had to reduce our operations to 30percent because the product is not even available. So, I am surprised that the Executive Director said they have supplies to last 34 days. We are making so much sacrifice here. I am evacuating Nigerians from Poland and I had to pay three times the usual amount I am not asking for a refund. So, something needs to be done and done fast”, he said.

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We’ll Drive Tinubu’s Vision in Rivers With Vigour – Fubara  …Inaugurates Dualized Ahoada/Omoku Road ….Debunks Rift With RSHA

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Rivers State Governor, Sir Siminalayi Fubara, has stated that he will lead Rivers people to galvanize support for President Bola Tinubu to drive the vision and objectives of the Renewed Hope Agenda in the State with vigour.

The governor, who joined the ruling All Progressives Congress (APC), on Tuesday, explained that his decision to join the APC was not for personal interest but for the overall benefit of Rivers State.

Fubara disclosed these while inaugurating the extension of the dualized Ahoada/ Omoku Express road in Ahoada East and Ogba Egbema Ndoni Local Government Areas of Rivers State.

He commended the contracting firm, Julius Berger, for timely delivery of the project, saying the project is a campaign promise fulfilled which will bring economic benefits to the people and tackle issues of insecurity associated with the route.

He said his administration has remained focused in delivering democratic dividends in the state despite facing glaring challenges.

The governor thanked the people of Ahoada East and Ogba Egbema Ndoni Local Government Areas for their continuous support, and urged his supporters to remain steadfast and also support President Tinubu who he said, has demonstrated love to Rivers State as a father.

Fubara denied having rift with the Rivers State House of Assembly, stating that his meeting with the lawmakers was stalled as a result of delay in the agreed meeting to be convened by former Governor Nyesom Wike and other stakeholders for him to meet with the state lawmakers.

“I have made every effort to meet with the Assembly members, but it is not within my leadership to initiate the meeting process.

“The arrangement was for my leader, Wike, and the elders led by Anabraba to call for a meeting with the the lawmakers.

“I’m a gentleman and principled. I can’t go behind to call them when we’ve already agreed. Whoever that tell them that I don’t want to meet with them, or I rejected proposal meant for them isn’t saying the truth,” Fubara said.

The Permanent Secretary of the Rivers State Ministry Works, Mr  Austin Ezekiel-Hart, who gave the project description, said the delivery of the project was a fulfillment of long time dream by the people of Ahoada East and Ogba Egbema Ndoni Local Government Areas.

He said the road was previously a single lane and has now been dualised to 14.6 meters wide, complete with solar-powered streetlights with drainages.

He said the road significantly would reduce travel time between Ahoada and Omoku while improving economic activity in the region.

In his welcome address, Chairman of Ogba-Egbema-Ndoni Local Government Area, Hon. Chuku Shedrack Ogbogu, described the road as a symbol of unity, oneness, and development, thanking the governor for fulfilling his campaign promises.

On his part, the Managing Director of Julius Berger, Engr. Peer Lusbash, said the project was awarded to his company in 2023 with a completion period of 18 months which was achieved in best quality.

He added that Julius Berger enjoyed a good support from the Fubara administration, and assured to complete all ongoing projects being handled by Julius Berger on specification, especially the Ring Road project which is a legacy project.

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Fubara Expresses Commitment To Healthcare …As UNICEF Lauds RSG On Health Programmes

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Rivers State, Sir Siminialayi Fubara, has reaffirmed his commitment to ensuring good healthcare for the people of Rivers State.

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?Governor Fubara stated  this when he played host to the Country Director of UNICEF, Wafaa Saeed Abdelatef and her management team in Port Harcourt, last Tuesday.

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?The governor who was represented by the Secretary to the State Government, Dr. Benibo Anabraba, said he would continue to provide the necessary facilities in order to ensure accessible and good health care for all Rivers people.

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?”We are constructing new zonal hospitals across the State. The Ahoada Zonal hospital will be commissioned in December and others are near completion.

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?”We are grateful to UNICEF for all they have done and believe we can always work together to care for the vulnerable in the society. We appreciate your physical presence, and believe that your staff working remotely, can also do more virtually. We have a capable Commissioner of Health, Dr. Adaeze Oreh, to help foster our relationship, communication and greater collaboration,” he said.

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?The Country Director for UNICEF Nigeria, Ms. Wafaa Saeed Abdelatef, assured Governor Fubara of UNICEF’s support to the programmes of the State Government. She appealed that health facilities such as the Oxygen Plant at Eleme Local Government Ares and the New Born Care Units be solarized.

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?”Be assured that UNICEF will continue to work and support the programmes here in Rivers State. We have seen the Oxygen  Plant at Eleme LGA which has been effective because of the Public Private Partnership. We appeal that the plant be solarized.

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?”I commend your leadership of the State and  assure that we are here to support your effort and assure you that you can count on our support and partnership. Rivers State is one of the states we can showcase how things are working so others can learn,” she added.

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Dangote Unveils N100bn Education Fund For Nigerian Students

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Chairman of the Dangote Group, Alhaji Aliko Dangote, has announced a N100 billion annual education support programme aimed at keeping financially vulnerable Nigerian students in school.

Speaking at the launch of the national scholarship scheme in Lagos, yesterday, Dangote said too many brilliant young people were being forced out of classrooms because of poverty.

He described education as the “strongest engine of social mobility” and a critical foundation for national development.

The initiative, funded by the Aliko Dangote Foundation, will run for ten years beginning in 2026, costing over N1 trillion in total.

Dangote said the scheme would support 45,000 scholars each year at inception, expanding to 155,000 beneficiaries annually by its fourth year, and maintaining that level for the rest of the decade.

By 2036, he said, the programme is expected to have reached at least 1,325,000 students.

“We cannot allow financial hardship to silence the dreams of our young people, not when the future of our nation depends on their skills, resilience and leadership,” he added.

A major component of the fund is the Aliko Dangote STEM Scholars programme, which will provide annual scholarships for 30,000 undergraduate students pursuing science, technology, engineering and mathematics in public universities and polytechnics.

Each beneficiary will receive tuition support aligned with the fees of their institution and course of study. Dangote said the goal is to expand access to higher education, empower innovation, and give young Nigerians the tools to compete globally.

“STEM drives development. If Nigeria must compete globally, our young minds must have the tools to learn, imagine and innovate,” he said.

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