Senate Committee Moves to Address Challenges in Nigeria’s Downstream Petroleum Sector Abuja
By Peter Jatau, National Assembly, Abuja. Abuja— The Nigerian Senate has expressed readiness to tackle the persistent challenges confronting the nation’s downstream petroleum sector through an all-inclusive investigative hearing aimed at identifying and resolving the bottlenecks impeding efficiency and growth. The Chairman, Senate Committee on Petroleum (Downstream), Senator Kawu Sumaila, disclosed this in a statement […]
Cooking Gas Price Surges to ₦2,000/kg Amid “Artificial” Scarcity, Marketers Blame Exploitation
Nigerians are expressing widespread concern over a significant hike in the price of cooking gas, with a kilogram now selling for as high as ₦2,000 in certain parts of the country. ALSO READ: Stakeholders Refute Alleged Marginalization of “North Ibie” in Etsako East Politics This surge comes despite assurances from industry stakeholders that […]
Socialist Labour Backs NUPENG Strike, Accuses Dangote Group of Exploiting Workers
By Ehis Agbon LAGOS – Socialist Labour has thrown its weight behind the strike action embarked upon by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) against the Dangote Group of Companies, calling on Nigerians to support what it described as a fight against “wage slavery” and exploitation of workers. In a strongly […]
DSDP (Direct Sale Direct Purchase)- False Fuel Subsidy Claims
The NNPCL decided to wind down its Direct Sale Direct Purchase (DSDP) contracts after the recent 300% PMS price increase. All the fuel subsidy claimed from 2020-2023 had originated from PMS imported under DSDP contracts. Last year, the Abdulkadir Sa’ad Abdullahi ad-hoc committee of the House of Representatives investigated the DSDP program. The NNPCL told […]
THE REAL SUBSIDIES ARE NOT FOR THE POOR, BUT THE RICH.
BY FEMI FALANA, SAN Globally, subsidies, whether for food, transportation, energy or housing, are part of good governance. So, the issue is not subsidies but who benefit from them. In Nigeria, subsidies are primarily of the rich, by the rich and for the rich. I will highlight a few, how they are being manipulated and […]
Fuel Queues to dissolve as NNPC, NMDPRA, DSS meet
The Nigerian National Petroleum Company Limited, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Department of State Services (DSS) has met with key stakeholders in the midstream and downstream oil sector on Thursday in a bid to clear fuel queues in 48 hours. The meeting was attended by the Major Oil Marketers Association […]
GRASSROOTS STRUGGLES AGAINST PETROL PRICE HIKES
By Izielen Agbon The Federal government has decided to defer a petrol price hike until July 2023. It has also decided to shift the implementation of the Petroleum Industry Act to July 2023. Thus, the confrontation between the Federal government, on one hand, and the Nigerian grassroots, on the other hand, was averted and pushed […]
DPR vows to sanction erring marketers selling above pump price – Official
By Ado Hassan, Sokoto The Department of Petroleum Resources (DPR) has vowed to ensure the enforcement of the N145 approved pump price of Premium Motor Spirit(PMS). ” We will keep monitoring how filling stations dispense fuel to their customers and sanction defaulters.” It’s Sokoto Zonal Operations Controller, Alhaji Muhammed Makera said in Sokoto while disclosing that […]