Headlines
You Are Free to Go, Reps Tell ‘Dirty Fuel’ Importers, Consumer Groups, Others Kick
- /home/rhoncare/pointblank.ng/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://pointblank.ng/wp-content/uploads/2019/04/Fuel-Crisis.jpg&description=You Are Free to Go, Reps Tell ‘Dirty Fuel’ Importers, Consumer Groups, Others Kick', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/rhoncare/pointblank.ng/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 69
https://pointblank.ng/wp-content/uploads/2019/04/Fuel-Crisis.jpg&description=You Are Free to Go, Reps Tell ‘Dirty Fuel’ Importers, Consumer Groups, Others Kick', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
Consumers of Premium Motor Spirit, popularly called petrol, on Thursday, kicked against the decision of the House of Representatives not to sanction those who imported methanol-blended contaminated PMS in January this year.
The House of Representatives said on Thursday that nobody would be sanctioned for the supply of adulterated petrol which caused a major crisis in Nigeria’s fuel chain and untold hardships on Nigerians.
At the plenary on Thursday, the House considered and adopted the reviewed report on the investigation by its Committee on Petroleum Resources (Downstream), which exonerated both the Nigerian National Petroleum Company Limited, former Nigerian National Petroleum Corporation, and the suppliers in the Direct Sale-Direct Purchase deal between the Federal Government and the importers.
Tempers had frayed in the House on February 10, 2022, over the importation of methanol-contaminated petrol. Several members who spoke on the development called for sanctions against Federal Government agencies and officials who failed to carry out due diligence before passing the product for onward distribution to marketers.
The House had consequently resolved to investigate the matter, insisting that those in the import and distribution chain whose action or inaction led to the spread of the commodity must be held accountable.
The Majority Whip, Mohammed Monguno, had moved a motion of urgent public importance, titled ‘Need to Investigate the Release and Sale of Adulterated Premium Motor Spirit (PMS) in Petrol Stations Across Nigeria.’
Adopting the motion, the House mandated the Committee on Petroleum Resources (Downstream) to “investigate the release of adulterated PMS across the country, with a view to ensuring that culprits are brought to book as well as make recommendations towards curbing a reoccurrence of such incident.”
The House also asked the committee to “ascertain whether the Nigerian specification concerning importation, distribution and dispensing of the alleged toxic petrol in Nigeria, from January till date, complies with international standards.”
Also, the lawmakers further asked the committee to “investigate the roles played by NNPC Limited, Standard Organisation of Nigeria, Nigeria Customs Service, Nigerian Navy, any other government regulatory agencies, limited liabilities companies, and individuals in the unfortunate episode.”
Furthermore, the House asked the NNPC to suspend the four companies involved in the importation of the adulterated PMS.
However, the committee had presented a report which failed to address the main issues for which it ordered the probe, causing the House to reject it.
The Allied Peoples Movement (APM) presidential candidate, Seyi Makinde, on Thursday, criticised President Bola Tinubu’s “Emi Lokan” slogan ahead of the 2027 presidential election.
Makinde said Nigerians do not need “turn-by-turn nepotism”, arguing that voters should be free to decide who becomes the country’s next president in 2027.
The Oyo State governor spoke during the APM’s town hall meeting in Akure, Ondo State.
Makinde asked: “How can someone say ‘Eemi lokan’ in a country like Nigeria? You were given the opportunity. If you recall the 1999 presidential election, the South-West voted massively for Baba Olu Falae, but the rest of Nigerians voted for Baba Obasanjo. So, this is not an issue that only the South-West can resolve; it is an issue we must address collectively as Nigerians.
“We do not want ‘turn-by-turn nepotism’, nor do we want a situation where people say, ‘I will vote for projects because it is my turn’. You will not finish those projects, and when it becomes someone else’s turn, they will do the same thing. We will end up with a Nigeria where we cannot get value for the resources belonging to Nigerians.
“The Reset Nigeria agenda is about building a country where infrastructure development supports economic growth and addresses the concerns of young people and women.
“Once we fix our economy, no zone will be left behind, and no demographic group will be left behind.”
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has denied saying the Federal government will introduce a fuel tax when the economy stabilises and income levels improve.
In a post on X on Tuesday, Oyedele said his remarks during an interview with ARISE News was misrepresented, insisting that a “fuel tax is not on the table.”
However, during the interview with Rotus Odiri, ARISE News Business Correspondent, on the sidelines of the 2026 International Monetary Fund and World Bank annual meetings in Bangkok, Thailand, Oyedele said the tax would come when income levels improve enough for Nigerians to accommodate it.
He said taxes account for between 20 and 80 percent of pump prices in some countries, while many African countries impose between six and 10 different taxes on fuel products.
He said introducing fuel tax while petrol was still subsidised would have been counterproductive because government would effectively be paying the tax itself.
According to him, imposing the tax immediately after removal of petrol subsidy would be insensitive to Nigerians.
“The objective should be that instead of trying to suppress prices, which hasn’t worked for us, it hasn’t worked for any country in the world, not one. Instead of trying to suppress prices, think about how to grow income faster than prices rise,” Oyedele said.
“That’s how you bring prosperity and grow the middle class and that is exactly what we are doing as led by Mr. President himself.
“At the appropriate time, when the economy has stabilizes and income level will be able to accommodate it, those taxes will come. Not because we want to impose taxes,” he added.
In his Tuesday post, the minister reiterated that introducing a fuel tax at this time would be insensitive following removal of petrol subsidy, describing reports that government will introduce the levy when the economy stabilises as “fake news.”
A chieftain of the African Democratic Congress (ADC), and Deputy Director of the Presidential Campaign Council, Chief Dele Momodu, has described former Vice-President Atiku Abubakar as the most nationally formidable and experienced among the leading contenders for the 2027 presidential election.
Momodu said Atiku’s experience at the national level distinguishes him from President Bola Tinubu and former Anambra State Governor, Peter Obi.
He stated this on Wednesday during an interview on Eagle 102.5 FM, Ilese-Ijebu, in Abeokuta.
“If you look at the antecedents of the three major candidates, between Atiku Abubakar and Peter Obi, you will see that Atiku is the most experienced. He has managed our country at the highest level,” he said.
Momodu traced Atiku’s political journey to the 1992 Social Democratic Party (SDP), presidential primary where he contested against late MKO Abiola and stepped down for him.
He said Atiku accepted the outcome without crisis even after he was not picked as Abiola’s running mate, describing it as a mark of true democratic temperament.
“He is the only one who started from around 1992, contested the SDP primary against Abiola and stepped down with uncommon equanimity. He did not make any noise,” Momodu said.
He noted that Atiku was among the founders of the Peoples Democratic Party, PDP, and served as Vice-President from 1999 to 2007.
Comparing Atiku with Obi, Momodu argued that while Obi’s best was demonstrated in Anambra, Atiku’s was at the presidency level managing the national economy.
“Peter Obi has tried his best in Anambra, while Atiku’s best is at the level of vice president controlling the economy of Nigeria. The difference is clear. He has matured in experience and exposure,” he said.
Momodu also said President Tinubu’s experience was largely limited to Lagos.
“What I’m trying to say is that Tinubu’s experience was limited to Lagos, and that is why when he became president, he thought Nigeria was Lagos. And he has found out now that Nigeria is not Lagos,” he said.
He argued that the current economic hardship under the present administration did not show prosperity, insisting Atiku remained better positioned to lead the country.
“Well, we are yet to see that prosperity, and if yesterday would determine today and tomorrow, it is obvious that Tinubu should retire now and let someone else do it,” Momodu added.
DailyPost
