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Fuel scarcity will soon be over, Senate leader assures Nigerians

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Fuel scarcity will soon be over, Senate leader assures Nigerians

Fuel scarcity will soon be over, Senate leader assures Nigerians

The Senate Leader, Opeyemi Bamidele, has assured Nigerians that the fuel crisis experienced in the country will soon be a thing of the past.

Bamidele gave this assurance in an interview with newsmen on the sidelines of the Oil Technology Conference (OTC) in Houston, Texas, on Friday.

According to him, the legislature is working tirelessly to ensure that fuel scarcity and frequent queues at filling stations are resolved.

He said that there were plans to involve more private-sector players in the construction of new refineries.

“The Senate is working to ensure that more private-sector players are licensed to own and operate refineries.

“This is to support other smaller ones that are springing up in several parts of the country.

“In addition to licensing new refinery operators, the Federal Government and Senate are working to ensure that the existing refineries are turned around with repairs and replacement of parts carried out where necessary.

Bamidele said the Senate had gotten assurance from the Nigerian National Petroleum Company Ltd., (NNPC Ltd.) that two of its refineries in Warri and Port Harcourt would come on stream before the end of the year.

He also noted that the commitment to licensing new refinery operators and revitalising existing refineries remained vital for increasing domestic oil production.

Opeyemi maintained that the focus was to ensure that Nugeria meets its OPEC production quota.

He explained that achieving such milestones would provide more revenue for the government and halt lack and borrowings.

By enhancing local refinery capacity, the Senator said that the country could reduce its dependence on fuel imports, leading to a potential decrease in petrol prices.

He explained that what drives pricing is the ability to meet demand in the face of every product, finding its level and place in a free market.

Also speaking, the Chairman,
Senate Committee of Downstream, Sen. Ifeanyi Ubah, said the last Turn Around Maintenance (TAM) that happened at the refineries was about 15 years ago, which led to the comatose state of the facility.

Ubah said that the non-deregulation of the downstream sector had put undue pressure on NNPC Ltd., as the entire industry depends on company for its petroleum needs.

He pointed out that no country could meet its energy needs by having a single entity; importing its petroleum product needs.

However, to be self-sufficient, Ubah urged the government to create a cluster of five to eight modular refineries within the riverine communities.

Fuel scarcity will soon be over, Senate leader assures Nigerians

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African Group Backs Okonjo-Iweala for WTO Term

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African Group Backs Okonjo-Iweala for WTO Term

African Group Backs Okonjo-Iweala for WTO Term

By Halima Abdulkadiri

The African Group at the World Trade Organization (WTO) presented a proposal at its General Council (GC) to re-elect Ngozi Okonjo-Iweala as director-general of the organization.

Adebayo Thomas, the Director of Press and Public Relations at the Ministry of Industry, Trade and Investment, announced this in a statement in Abuja.

According to him, the proposal is for members to consider Okonjo-Iweala to run for another term as chief executive officer of the organization.

He said the proposal was also to enable the Chair of the General Council (GC) to commence the process of the appointment of the director-general as soon as possible.

He quoted Amb. Abdulhamid Adamu, Nigeria’s Permanent Representative to the WTO, at the GC, as saying that members debated the issue.

“All members highlighted Okonjo-Iweala’s efforts and contributions to the organization, which have led to significant progress and development,” Adamu said. “They all affirmed that she deserves to be reappointed as the director-general. Almost 58 members from all regions supported the proposal.”

He added that members resolved that the General Council Chair should start consultations on the appointment process as soon as possible.

In response, Okonjo-Iweala thanked all members and assured them she would respond soon after consulting with her family.

African Group Backs Okonjo-Iweala for WTO Term

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SGF Approves Eight New FRSC Deputy Corps Marshals

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SGF Approves Eight New FRSC Deputy Corps Marshals

SGF Approves Eight New FRSC Deputy Corps Marshals

By Halima Abdulkadiri

Sen. George Akume, Secretary to the Government of the Federation (SGF), has approved the promotion of eight Assistant Corps Marshals to Deputy Corps Marshals (DCMs) of the Federal Road Safety Corps (FRSC).

Olusegun Ogungbemide, Acting Corps Public Education Officer, announced this in Abuja on Monday.

Three of the new DCMs will proceed to immediate retirement, while the remaining five will fill vacancies in the South South, South East, South West, North Central, and North West geopolitical zones.

The promoted officers are DCM Clement Oladele (North Central), DCM Chidiebere Nkwonta (South East), DCM Sunday Iyamah (South South), DCM Musa Yerima (North West), and DCM Abiodun Akinlade (South West).

The retiring DCMs are Kingsley Agomoh, Jonas Agwu, and Zubairu Mato. SGF Akume praised the transparency of the promotion process and urged the new appointees to commit to the FRSC’s vision of reducing road traffic crashes and creating a safer motoring environment.

FRSC Corps Marshal Shehu Mohammed congratulated the promoted officers and emphasized the increased responsibilities their new ranks entail.

He encouraged them to stay focused and dedicated, and reassured all personnel of ongoing efforts to improve their welfare.

SGF Approves Eight New FRSC Deputy Corps Marshals

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N70,000 Wage Not Solution to Economic Issues

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N70,000 Wage Not Solution to Economic Issues

N70,000 Wage Not Solution to Economic Issues

By Halima Abdulkadiri

Chairman of the Labour Party (LP) in Oyo State, Sadiq Atayese, has stated that the newly-approved N70,000 minimum wage for Nigerian workers is not the solution to the country’s economic challenges.

Atayese made this assertion in an interview with the News Agency of Nigeria (NAN) on Sunday in Ibadan.

He emphasized that sustainable solutions to the cost of living require positive economic policies from the government. Atayese highlighted the exchange rate as a key factor influencing fuel costs and subsidies.

He stressed that the government must prioritize fighting corruption and implementing policies beyond just increasing the minimum wage. According to Atayese, corruption in high places accounts for over 90 percent of corruption cases in Nigeria.

“Will this new minimum wage actually assuage the daily rising costs of foods and services? Can it bring a stable solution to the nation’s economic challenges? The answer is No,” he said.

Atayese also urged the government to focus on agricultural development and address issues such as security and funding for effective farming. He believes that addressing these critical issues would have more significant benefits than even a minimum wage of N150,000.

“Labour Party will continue to stand for the wellbeing of the people and development of the society,” he said.

The Federal Government and labor unions recently agreed on N70,000 as the new minimum wage for Nigerian workers. Initially, the government proposed N60,000, which was raised to N62,000, while labor demanded N494,000 before revising it to N250,000. Labor leaders agreed to the N70,000 offer due to additional incentives attached.

N70,000 Wage Not Solution to Economic Issues

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