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FG, Marketers Say Fuel Crisis Won’t End Soon
Amid the lingering petrol scarcity in the country, a senior government official and marketers have dashed the hope of an early resolution of the problem by claiming that supply hitches may not end any time soon.
The senior official in the Ministry of Petroleum Resources, who spoke to Sunday PUNCH on condition of anonymity on Saturday, said the fuel scarcity might get worse in the days and weeks to come as there were many issues affecting the smooth supply of the product across the country.
According to him, the inability of the NNPC Limited to import sufficient volume of Premium Motor Spirit (petrol) is primarily responsible for the current scarcity.
He explained that the NNPCL did not have sufficient funds to import the required quantity of fuel for domestic consumption and the situation was compounded by the falling value of the naira as the company had to source for scarce forex to buy petrol from abroad and pay shipowners, who convey it to the country.
The official stated, “The dollar issue is a major problem as the NNPCL is running helter-skelter to get forex to import fuel, yet the product cannot be sold at the market value; so, it is bearing some part of the cost in the form of subsidy. You can’t get products at higher rates and sell at lower rates and there won’t be crises.
“The Federal Government is worried that the removal of subsidy a month to the general elections will be disastrous as the organised labour will mobilise the citizens to resist it and the security agencies may not be able to contain the attendant upheaval. This, of course, will affect the chances of the ruling All Progressives Congress in the elections.
“The President does not want to leave a country in turmoil for his successor and that is why he made provision for subsidy till June. It will be the decision of his successor to retain or remove it. Whoever wins the presidential election will face a tough time.”
The source also explained that the inability of the country to produce enough crude oil to meet its Organisation of Petroleum Export Countries’ quota was another problem, noting that insecurity and crude theft had significantly affected the production capacity.
He added, “Another issue is the failure of the crude swap for refined products deal that the NNPCL had with major international oil firms and traders. The inability of the NNPCL to meet its own side of the deal by supplying the required quantity of crude has frustrated the arrangement.
“While Nigeria has been taking refined products from the partners, it has not been able to supply the crude equivalent and the international firms and traders have stopped shipping products to the country.”
Oil marketers, on Saturday, also alluded to the problems in the downstream sector and predicted that the current scarcity would not abate until the government comes out with a clear position on subsidy removal, full deregulation and price determination.
They also faulted the claim by the Federal Government that it had not increased the pump price of petrol, as they continued dispensing the commodity at exorbitant rates.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, had announced on Friday that the President, Major General Muhammadu Buhari (retd.), did not approve any hike in petrol price.
This was after oil marketers stated that the government might have commenced the gradual removal of subsidy on petrol, as they stated that the cost of PMS was raised on Thursday from N175/litre to N185/litre.
The Punch
Former Governor of Delta State, Peoples Democratic Party (PDP) presidential running mate in the 2023 election, Senator Ifeanyi Okowa, has dumped the PDP for the All Progressives Congress (APC).
Okowa confirmed the news of his defection to ARISE NEWS on Wednesday following the announcement of the current governor of Delta State, Sheriff Oborevwori, who also defected from the PDP to the APC on Wednesday.
The development was disclosed by Senator James Manager after a six-hour meeting at Government House, Asaba.
“All PDP members in the state, including the governor, former Governor Okowa, the Speaker, the state party chairman, all the local government chairmen and others, have agreed to move to the APC,” Manager stated. “We cannot continue to be in a sinking boat.”
Delta State Commissioner for Information, Mr Aniagwu Charles, officially confirmed the sweeping political shift, attributing the decision to the need for renewed direction and enhanced governance in the state.
“There is a need for us to adjust our drinking patterns. And in adjusting that drinking pattern, we needed to make a decision that would further help to cement the development in our state,” he said.
Aniagwu added that the move aimed to sustain progress in law, security, and welfare, likening the PDP to a “palm wine whose taste has changed,” necessitating a change in “drinking party”.
He further indicated that the defection was unanimously agreed upon by key PDP leaders and stakeholders in the state, with a formal public declaration expected on Monday.
“By the grace of God, on Monday next week, we will be able to make a very big statement confirming that we are moving into the APC,” he said.
The mass defection represents a dramatic realignment in Delta State’s political landscape and could significantly alter party dynamics in the broader South-South region, historically a PDP stronghold.
Okowa will be received on Monday by Vice President Kashim Shettima alongside Governor Oborevwori.
AriseNews
Delta State governor, Rt. Hon. Sheriff Oborevwori has defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).
The defection was announced after Wednesday’s closed-door meeting at the Government House in Asaba by the Governor’s Chief Press Secretary, Sir Festus Ahon.
Ahon said the Governor’s decision to switch allegiance to the ruling APC came after thorough discussions with political stakeholders, aimed at fostering long-term development for Delta State.
Governor Oborevwori, who secured victory in the 2023 gubernatorial election under the platform of the PDP, was welcomed by high-ranking APC officials.
The National Assembly has taken a swipe at Pastor Tunde Bakare over his recent criticism of the country’s legislature, describing it as biased.
Bakare, the serving overseer of The Citadel Global Community Church, had on Sunday condemned the Senate’s suspension of Senator Natasha-Akpoti Uduaghan; the National Assembly’s ratification of the emergency rule in Rivers State.
“The two main contenders in the ongoing institutional immorality Olympics are the executive and the legislature,” he said.
But on Tuesday, the Chairman, Senate Committee on Media and Public Affairs, Yemi Adaramodu, said the cleric was biased and crossed the line in his commentary.
“While the Senate respects the right of every citizen – regardless of station – to express views on the state of the nation, we are constrained to respond when such commentary crosses the line into unwarranted invective and misleading assertions that risk eroding public trust in democratic institutions,” the statement by Adaramodu read.
Adaramodu said, “such commentary crosses the line into unwarranted invective and misleading assertions that risk eroding public trust in democratic institutions”.
“We view his corrosive criticisms of the National Assembly as a biased and political ecumenical homily,” the statement read.
“The challenges facing our country require dialogue anchored on truth, mutual respect, and a commitment to nation-building, not polarizing rhetoric that undermines confidence in our democratic institutions.”
“We are confident that, in time, with a nuanced review of the performance of the 10th national assembly — within the context of the exigencies of this time and season — Pastor Bakare may, at some point in the future, commend us for acting in the best interest of the people of Nigeria, in line with our constitutional mandate,” the Senator added.
