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Presidency Supports Lokpobiri’s Stance on Petrol Price

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The Presidency has clarified its position on the ongoing pricing dispute between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery, affirming that both entities operate independently in a deregulated market.

In a statement released on Friday by Nnaamaka Okafor, Special Assistant to the Honourable Minister for Petroleum Resources (Oil), Senator Heineken Lokpobiri, the Presidency reiterated the minister’s assertion regarding the petrol price differences between various locations in the country.

Lokpobiri had emphasized that the government does not fix prices in the deregulated sector, stating, “The sector is deregulated, and with the availability of products, the price will stabilize.”

Okafor’s statement further quoted the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, who underscored that under the Petroleum Industry Act, NNPCL operates autonomously despite government ownership.

“The PMS regime has been deregulated. Dangote is a private company, and NNPCL operates as a limited liability company. Any pricing dispute between them is their concern,” Onanuga explained.

He added that the government intends to promote alternative energy solutions like Compressed Natural Gas (CNG), which offers a cheaper option compared to Premium Motor Spirit (PMS), commonly known as petrol.

Onanuga highlighted the significant price difference, noting that CNG costs approximately N230 per litre equivalent, while PMS prices vary around N850 per litre.

In conclusion, the statement affirmed that the government’s role is not to intervene in the pricing controversy but to encourage competitive market dynamics that benefit consumers.

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TCN Acknowledges 7th Grid Collapse in 2024

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The Transmission Company of Nigeria (TCN) has reported its seventh partial grid collapse in 2024. Despite the recurring issue, TCN’s General Manager of Public Affairs, Ndidi Mbah, reassured the public that efforts to restore power are well underway, with about 90% of substations receiving bulk power.

Mbah noted that the Azura Power Station initiated the grid recovery, although a minor setback occurred. However, power supply has been restored to the Abuja region and other key distribution centers. The Ibom Gas Generating Station remained unaffected, continuing to supply power to the South-South region.

An investigation into the cause of the collapse will commence once full grid restoration is achieved.

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Jigawa Tanker Tragedy: Shettima, First Lady Mourn Victims, Pledge Federal Support

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Vice President Kashim Shettima has expressed deep sorrow over the tragic tanker explosion in Jigawa State, which claimed over 100 lives. In a statement issued by his media aide, Stanley Nkwocha, Shettima, on behalf of President Bola Tinubu, extended condolences to the affected families, praying for strength and comfort in their time of grief.

Shettima assured the public that the federal government is mobilizing resources to support the injured and assist those affected. He has directed the immediate deployment of the National Emergency Management Agency (NEMA) to provide aid. The Vice President also stressed the need for a review of fuel transportation safety protocols to prevent future incidents.

In a separate statement, First Lady Oluremi Tinubu offered her condolences to Jigawa Governor Umar Namadi and the people of Jigawa, praying for peace and comfort for the families affected. She called the incident “unfortunate” and extended prayers for the recovery of the injured and the repose of the souls lost in the tragedy.

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Nigeria Customs Intercepts Arms, Ammunition Worth N9.5bn Over Six Years

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The Nigeria Customs Service (NCS) has revealed that it intercepted a total of 10,598 pieces of arms and 114,929 rounds of ammunition valued at N9.58 billion over the past six years. Comptroller General of Customs, Bashir Adewale Adeniyi, made this disclosure during a press conference on enforcement activities in Zone A.

Adeniyi highlighted that 60% of these seizures occurred in 2023, reflecting the Customs’ increased efforts to curb arms smuggling. He also mentioned that recent operations such as Operation Whirlwind and Operation Swift Sting are part of a strategic response to tackle evolving smuggling tactics.

In addition to arms seizures, the Customs CG announced the largest pangolin scale seizure since 2020, with 9,493 kg of scales confiscated in collaboration with the Wildlife Justice Commission. The joint operation led to four arrests across Kano, Kaduna, and Lagos. The NCS continues to intensify efforts against wildlife trafficking, targeting supply routes in northern Nigeria and border areas.

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