Oil & Energy
Fuel Scarcity: IPMAN Debunks Strike Rumour
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said its members would not embark on a nationwide strike as being speculated.
IPMAN’s National Operations Controller, Mr Mike Osatuyi, gave the assurance in an interview with The Tide’s source in Lagos.
Osatuyi said it became necessary to debunk the insinuation that lPMAN members planned to shut down their stations.
According to him, the Nigerian National Petroleum Company Ltd. (NNPCL) is committed to selling directly to IPMAN members at official rate of ex-depot price.
He said the backlog of IPMAN members’ tickets, which was over 2,000 presently, was being cleared.
Osatuyi said: “Nigerians should not engage in any panic buying as we are entering Christmas period.
“Our wide network nationwide makes us the perfect outlets to ensure sustained distribution of petroleum products across the country.”
The Tide source reports that on Dec. 10, the Ogun State chapter of IPMAN threatened to shut down all its outlets across the state over an ultimatum issued to marketers by the Department of State Security (DSS).
The DSS had directed all petrol stations nationwide to sell fuel at the regulated price, and threatened to shot down defaulting stations.
The source further reports that in Lagos metropolis queues are gradually easing off in some filling stations.
Only the major oil marketers are selling petrol at regulated price between N169 and N170 per litre, while staions belonging to Independent marketers still sell between N220 and N260.
The source also observed that selling of petrol on highways, “black market” is gradually coming to an end, and massive loading of petroleum products is going on at Apapa and dockyard depots by marketers to various states.
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Ahmed Farouk, also assured Nigerians of sufficient petroleum products during the yuletide season.
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Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
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