Nigerian Eye

FG petrol subsidy now N26 per liter

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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru, on Sunday disclosed that the current Landing Cost of petrol is N171 per litre, meaning that at N145 per litre, the Federal Government is currently paying a subsidy of N26 on a litre of the commodity.<br />
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Speaking with reporters in Abuja, he said that the normal consumption of PMS in Nigeria had risen to over 50 million litres per day, due to hoarding and diversion, mainly as a result of cross-border smuggling, due to the PMS price disparity that exists between Nigeria and its neighbours.<br />
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Commenting on the Landing Cost of PMS, Baru said the Cost, Insurance and Freight price of PMS was $620 per metric tonne, adding that at N305 to a dollar, the landing cost translates to N171 per litre.<br />
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Baru said the Federal Government has given approval for preferential and speedy treatment to be given to vessels carrying Premium Motor Spirit (PMS), also called petrol, to end the lingering crisis in Nigeria.<br />
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According to him, the Nigerian Navy, Nigerian Ports Authority, NPA, Customs and the Nigerian Maritime Administration and Safety Agency, NIMASA are currently expediting the clearance of fuel vessels and anchorage services to facilitate speedy product transfers to various depots including during weekends and public holidays.<br />
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The NNPC helmsman noted that President Muhammadu Buhari is deeply concerned about the fuel crisis and had ordered al stakeholders involved, including security agencies to ensure a speedy resolution of the situation.<br />
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In addition, he disclosed that the NNPC had commenced a 24-hour loading and sales operations at all depots and its mega stations across the country.<br />
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“Major marketers were also advised to carry out 24-hour operations, most of whom have been complying. This has increased load-out from the Depots significantly and continuous sales at the filling stations nationwide,” Baru noted.<br />
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He affirmed that in addition to the regular supply circle, the NNPC had programmed the delivery of additional 300 million liters in December 20l7 and January 2018 to beef up national reserves to 45 million liters per day, well above the normal consumption requirement of between 27 and 28 million liters per day.<br />
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He also declared that over the last two weeks, the national truck-out capacity has been beefed up to an average of l,500 trucks, about 52 million litres per day, which he explained, was higher than the normal consumption of 850 trucks per day.<br />
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Furthermore, the NNPC boss stated that currently, 13 vessels, with an average capacity of 650 million litres, are discharging the commodity at different ports across the country, while noting that three vessels with the commodity are coming in before the end of the week, bringing the combined quantity of the product in depots to 814 million litres of petrol till the end of the month.<br />
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He added that 14 shuttle tankers, with a combined capacity of 187 million litres of the commodity would also be discharging the product at various destinations across the country in the next three days.<br />
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In addition to the importation of the product, Baru noted that the Port Harcourt and Kaduna Refineries are currently contributing about one million litres per day and 2.8 million litres per day of PMS to the country’s fuel supply respectively, adding that since the fuel crisis began, both refineries had contributed a total of about 61 million litres.<br />
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Also, to ensure the speedy resolution of the crisis, Baru disclosed that the NNPC had activated the ‘Fuel War Room’, comprising the NNPC, Department of Petroleum Resources, DPR, Petroleum Products Pricing Regulatory Agency, PPPRA and the Petroleum Equalisation Fund, PEF.<br />
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He said the team is tasked with the responsibility of coordinating all intervention activities for supply and distribution of PMS nationwide, adding that with the support of security agencies, the team, with the support of Security Agencies, is already working round the clock to ensure a speedy resolution of the current fuel situation.<br />
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He explained that with all these measures, and if full compliance is achieved, the crisis would end within the next two days, adding that efforts have been put in place to ensure the crisis did not go beyond this week.<br />
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Baru also accused black marketers of sabotaging efforts to end the fuel crisis, stating that most of the peddlers, permanently put their vehicles in queues at petrol stations, and after purchasing, discharge the products into containers and return to join the queues.

Latest-News FG petrol subsidy now N26 per liter

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru, on Sunday disclosed that the curren...

Armed robber mistakenly shoots partner during operation

20:23 Unknown 0

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An armed robber died from his partner’s bullet during a foiled robbery attack on one Francis Chibueze, along Bakery road, Azikoro village, Yenagoa.<br />
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Confirming the incident on Sunday, the spokesman of the State Police Command, DSP Asinim Butswat, told the News Agency of Nigeria (NAN) that the armed robber mistakenly shot and killed his partner.<br />
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“On Dec. 22, at about 8 p.m., a gang of two armed robbers attacked one Francis Chibueze of Bakery Road, Azikoro Village, Yenagoa.<br />
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“As they were trying to attack their victim, one the robbers mistakenly shot and killed his partner, while the victim, Chibueze, escaped unhurt.<br />
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“The deceased armed robber was identified as Thankgod Smith, a 25 years old man, and the partner who shot him is Peter Napoleon, 23,’’ Butswat told NAN.<br />
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He said the suspect came to the Azikoro Police Station on Dec. 23, and turned himself in.<br />
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The spokesman said the suspect confessed to the armed robbery and killing of his gang member.<br />
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“The suspected armed robber led Police detectives to an uncompleted building on Bakery Road, Azikoro Village, where the gun was recovered,” he said.

Latest-News Armed robber mistakenly shoots partner during operation

An armed robber died from his partner’s bullet during a foiled robbery attack on one Francis Chibueze, along Bakery road, Azikoro village...

Nigerian Air Force bombs Boko haram structures, kills scores

20:23 Unknown 0

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The Nigerian Air Force (NAF) on Sunday said it has carried out more air strikes against the Boko Haram Terrorists (BHT) at the fringes of Borno state, near Lake Chad, Killing scores of the insurgents and damaging their structures.<br />
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It said the bombardments were conducted with fighter jets and helicopter gunships with the aim of weakening the will of the insurgents and neutralising them from carrying out their deadly activities.<br />
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The Director of the NAF Public Relations and Information, Air Vice Marshal Olatokunbo Adesanya, in a statement issued in Abuja asserted that the air interdictions were conducted after a routine Intelligence, Surveillance and Reconnaissance (ISR) mission had been carried out indicating the strong presence of the Boko Haram Terrorists in Tumbun Rago and Bogumeri, Borno state.<br />
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AVM Adesanya said: “The Nigerian Air Force (NAF) has intensified its air operations in Northeastern Nigeria and in the process, neutralized scores of Boko Haram Terrorists (BHT) in TUMBUN RAGO, a settlement at the northern fringes of BORNO State bordering Lake Chad.<br />
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“During a routine Intelligence, Surveillance and Reconnaissance (ISR) mission on 20 December 2017, a NAF ISR platform sighted BHT activities at TUMBUN RAGO, occupied by Albarnawi faction.<br />
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“Accordingly, fighter aircraft and helicopters were detailed for air interdiction over the location on 21 December 2017.<br />
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“The fighter aircraft took turns to unleash their armament on the location. Battle Damage Assessment (BDA) of the attacks revealed that the targeted BHT structures were destroyed, causing fire within the location and neutralizing scores of insurgents in the process.<br />
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“Thereafter, the recently acquired helicopter gunships carried out mop-up attacks on a few fleeing insurgents.<br />
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“Furthermore, the following day, on 22 December 2017, the NAF neutralized a large gathering of BHTs Southeast of BOGUMERI, also in BORNO State, after a convoy of BHTs on motorcycles had been trailed to the location.<br />
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“The intensification of air operations by the NAF is aimed at further reducing the will of the BHTs to continue their nefarious activities while also creating the needed advantage for own surface forces to effectively operate”.

Latest-News Nigerian Air Force bombs Boko haram structures, kills scores

The Nigerian Air Force (NAF) on Sunday said it has carried out more air strikes against the Boko Haram Terrorists (BHT) at the fringes of...

Buhari ‘s documentary has no link with fuel scarcity – Femi Adesina

20:23 Unknown 0

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Presidential spokesman Femi Adesina has dismissed assertion that the timing of the airing of 55-minute documentary on President Muhammadu Buhari is faulty considering the hardships being experienced by Nigerians occasioned by fuel scarcity.<br />
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Adesina, who was responding to reactions online over the planned airing of the documentary on NTA and Channels Television on Sunday, Monday and Tuesday, observed that some of the comments were borne out of genuine concern.<br />
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The aide, who is the President’s Special Adviser on Media and Publicity, in a statement in Abuja on Sunday, however, condemned other comments which he said were “virulent, coming from inveterate complainers’’.<br />
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“I have read a lot of reactions, particularly online, on the timing of the airing of the documentary on President Muhammadu Buhari, slated for Dec. 24 and 25, respectively, by 8 p.m on NTA and Channels Television.<br />
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“Some of the comments are borne out of genuine concern, which we appreciate, while others are virulent, coming from inveterate complainers.<br />
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“Fault finding is the stock-in-trade of such people, and if they mistakenly find themselves in Heaven, they would even complain against God. They have no other pastime.<br />
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“The reactions mainly dwell on the fact that a documentary showing the human side of the President (as against the well-known iron and steel) is coming at a time there is severe fuel scarcity in the country.<br />
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“And I say, why not? Is life all about doom and gloom? Must we sit in ashes and wear sackcloth perpetually, and ignore the brighter side of life? God forbid!’’<br />
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Adesina attributed the ongoing fuel scarcity to what he described as “a combination of SNAFU (Situation Normal All Fouled Up) in the distribution process of petrol, and deliberate mischief and sabotage by some marketers, who want to force the hands of government to increase the pump price.’’<br />
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He stated that the situation was further compounded by hoarding of products, and panic buying.<br />
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He, however, reassured that the Federal Government was working round the clock to restore normalcy in the oil sector.<br />
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“Should we then be perpetually like King Lear at his worst, and consign ourselves to the doldrums occasioned by fuel scarcity at a festive period? No.<br />
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“Despite the temporal pains, life must continue, and we must look at the cheery side, while government works hard to bring succour.<br />
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“That is why I disagree with armchair critics, who wail at the drop of a hat. Millions of Nigerians appreciate President Buhari, love him passionately, and would watch the airing of the documentary, which shows the President in a perspective not very well known before.<br />
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“It’s a spice for the holiday season, and not even ephemeral fuel crisis would dampen the enthusiasm of positive minded Nigerians,’’ he added.

Latest-News Buhari ‘s documentary has no link with fuel scarcity – Femi Adesina

Presidential spokesman Femi Adesina has dismissed assertion that the timing of the airing of 55-minute documentary on President Muhammadu ...

#FuelScarcity: Nigerians blast Buhari for his comments

16:58 Unknown 0

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Reports of fuel scarcity accross Nigeria in the last few days have been nothing but alarming.<br />
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In an attempt to pacify Nigerians, President Muhammadu Buhari took to twitter to express his concern and to urge Nigerians to “endure the needless fuel queues”<br />
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<div dir="ltr" lang="en" xml:lang="en">The fuel scarcity being experienced nationwide is regrettable. I sympathize with all Nigerians,on having to endure needless fuel queues. I'm being regularly briefed, especially on the NNPC's interventions to ensure that there is enough petrol available during this period & beyond</div>
— Muhammadu Buhari (@MBuhari) <a href="https://twitter.com/MBuhari/status/944905404282261507?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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This of course did not go down well with Nigerians, who mostly reacted angrily to the president’s tweet, some saying he only reacted because Abubarkar Atiku had reacted earlier.<br />
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See reactions to the president’s tweet below:<br />
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<div dir="ltr" lang="en" xml:lang="en">We got his reaction about fuel scarcity only because atiku talked about it. Like it or not, atiku has a stake</div>
— Ayodeji 🐐 (@iamaayoo) <a href="https://twitter.com/iamaayoo/status/944939298339553281?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">Atiku runs successful businesses. He is a more moderate politician. He is not a religious or ethnic bigot. And Yes, Buhari is also corrupt. His govt brought back Maina and he did nothing about it. Babachir is a free man. I’d rather an imperfect Atiku who has better Mgt skills.</div>
— Nigeria1st (@Ojaysvoice) <a href="https://twitter.com/Ojaysvoice/status/944942009344815104?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">Having you as president is regrettable.</div>
— Ajibola Bakare (@MrAjibola) <a href="https://twitter.com/MrAjibola/status/944926225709060096?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">You u have to wait until Xmas eve to respond and this is the best you can say or do.<br />
Please I'm begging you.. Do not I repeat do not contest the next election its obvious that you lack the leadership skills and wisdom required.<br />
Your personal integrity isn't enough</div>
— adesoye oni (@rhinox_s) <a href="https://twitter.com/rhinox_s/status/944926545583493121?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">Dear sir,<br />
It has taken you too long to respond to this issue and that’s disappointing.<br />
People who voted you into power will spend a better part of the holidays on/in fuel queues around the nation.<br />
Sir, your shortcomings, failures and lapses in/of judgement are becoming too many.</div>
— Mayowa Owolabi (@mayowaowolabi) <a href="https://twitter.com/mayowaowolabi/status/944926640701956096?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">Sir with due respect I think you should resign as minister of petroleum... this only this your government has totally achieve is turning almost all the citizens of this country to a refugees in thier fatherLand..</div>
— Ojowuro oluwafemi (@Iamrickflezz) <a href="https://twitter.com/Iamrickflezz/status/944927706663268353?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">Sorry na... Shebi 2015 u guys were busy shouting sai baba....me I was just one side watching all of u.</div>
— Goodluck_udom🇳🇬 (@Gluckudom) <a href="https://twitter.com/Gluckudom/status/944929768734117888?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en"><a href="https://twitter.com/mazigerald?ref_src=twsrc%5Etfw">@mazigerald</a> it happened o<br />
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Atiku tweeted his today at 7:58am<br />
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Buhari did same 1:19pm<br />
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Our strongman yaff turn parody</div>
— Valentine Chukwu (@damascots2014) <a href="https://twitter.com/damascots2014/status/944929828230385665?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="und" xml:lang="und"><a href="https://t.co/yYjgkkvkL4">pic.twitter.com/yYjgkkvkL4</a></div>
— Mummy yo (@kikiokeke) <a href="https://twitter.com/kikiokeke/status/944927673670885376?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<blockquote class="twitter-tweet" data-lang="en">
<div dir="ltr" lang="en" xml:lang="en">Sir, when are you going to do a Presidential Media Chat. You need to talk to Nigerians regularly. Ur body language looks like u are doing Nigerians a favor being their President. No Sir! Uve been a disaster. We are disappointed in your rulership. You’ve achieved nothing in 3years <a href="https://t.co/PQ6ZeyKUBX">pic.twitter.com/PQ6ZeyKUBX</a></div>
— Nigeria1st (@Ojaysvoice) <a href="https://twitter.com/Ojaysvoice/status/944945373864431616?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">You barely speak on anything unless it affects your office or affects you politically! Thats not the leader i voted for!!</div>
— Mustapha musa (@ThatKanoBoy) <a href="https://twitter.com/ThatKanoBoy/status/944934064972279809?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">Thunder fire you, no light no fuel. Come and kill me ooooh but you won't live forever.</div>
— Saturday Udoh (@UdohSaturday) <a href="https://twitter.com/UdohSaturday/status/944934168122875909?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">You promised to take responsibility not to be brief on what another agency is doing to end our suffering <a href="https://twitter.com/MBuhari?ref_src=twsrc%5Etfw">@MBuhari</a> <a href="https://twitter.com/hashtag/FuelScarcity?src=hash&ref_src=twsrc%5Etfw">#FuelScarcity</a> <a href="https://twitter.com/APCUKingdom?ref_src=twsrc%5Etfw">@APCUKingdom</a> <a href="https://twitter.com/APCNigeria?ref_src=twsrc%5Etfw">@APCNigeria</a> <a href="https://t.co/hZ1cQo4qNM">pic.twitter.com/hZ1cQo4qNM</a></div>
— Blessing Johnson (@savvybj) <a href="https://twitter.com/savvybj/status/944928310974443525?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">It was regrettable last year, this year and will be next year. It's the same old story every December. Why does this happen every December? It's not a coincidence or mistake, it's intentional. And it happens cause you and your lot DONT CARE!!!!</div>
— Myke Ikyaator (@Erm_Eye) <a href="https://twitter.com/Erm_Eye/status/944944811693527040?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="und" xml:lang="und">Smh 😭😭😭 <a href="https://t.co/99HO8lNIbf">pic.twitter.com/99HO8lNIbf</a></div>
— Benjamin Ajagbe (@BenjyAjagbe) <a href="https://twitter.com/BenjyAjagbe/status/944943281582075904?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">The president is old and confused. He doesn't even remember he's the petroleum minister.</div>
— men (@polowizkid1) <a href="https://twitter.com/polowizkid1/status/944942356964478976?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">You are minister of petroleum and president at the same time, and you are still trying to tell us that you were being brief on what's happening? Please as old as you are why are you still wicked? 😐</div>
— NWA Gunners (@stvgod2) <a href="https://twitter.com/stvgod2/status/944940606354329600?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="en" xml:lang="en">Tomorrow is Xmas,but there seems to be No Sign of Such at all. Bcus, Nigerians are Suffering,Hungry,Jobless & Cashless too.<br />
I won't be surprised if Tomorrow you and APC comes out to tell us that it was PDP That Stole dis yrs Xmas.<a href="https://twitter.com/hashtag/NoToBuhari2019?src=hash&ref_src=twsrc%5Etfw">#NoToBuhari2019</a><a href="https://twitter.com/hashtag/LetUsSupportAYouth2019?src=hash&ref_src=twsrc%5Etfw">#LetUsSupportAYouth2019</a><a href="https://twitter.com/hashtag/MENY?src=hash&ref_src=twsrc%5Etfw">#MENY</a></div>
— Nzekwe Gerald Uchenna (@NzekweGerald) <a href="https://twitter.com/NzekweGerald/status/944931343087136768?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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<div dir="ltr" lang="und" xml:lang="und"><a href="https://t.co/uuNk0gDvx2">pic.twitter.com/uuNk0gDvx2</a></div>
— El-Swagnificent (@Jeron_kix) <a href="https://twitter.com/Jeron_kix/status/944942386551107585?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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Latest-News #FuelScarcity: Nigerians blast Buhari for his comments

Reports of fuel scarcity accross Nigeria in the last few days have been nothing but alarming. In an attempt to pacify Nigerians, Preside...

VOTE TO RATE PRESIDENT BUHARI'S PERFORMANCE IN 2017

16:38 Unknown 0

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As we wind up 2017, <b><i>NigerianEye</i></b> again wants your opinion about the all round performance of Mr President in this calendar year (2017)<br />
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Below is the link where you can vote, and we have made it simple, two options<br />
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<b>GOOD</b> or <b>BAD?</b><br />
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Latest-News VOTE TO RATE PRESIDENT BUHARI'S PERFORMANCE IN 2017

As we wind up 2017, NigerianEye again wants your opinion about the all round performance of Mr President in this calendar year (2017) B...

Fuel scarcity: I have ordered end to hoarding, price hike – Buhari

16:23 Unknown 0

<div class="separator" style="clear: both; text-align: center;"><img border="0" data-original-height="1068" data-original-width="1600" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1s0Jt2SzTpK8LnbAjCJi1ym6T8aWjazju2qmMr4Ht23orl5me6gQ07WuUkDNaaSju3VRjpkT1uaALtBoOct3hiR9b_-uZhJeJOjL4SxEcp8mQCxqHz7gWminzNxmcXHhyphenhyphenhkBfhV_ePy-y/s400/Buhari+Thinking+new+sad+tired+vex.jpg" width="400" /></div>
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President Muhammadu Buhari on Sunday broke his silence on the lingering fuel scarcity in the country, saying he had directed regulators to end hoarding and price hike.<br />
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He said he had also been assured by the Nigerian National Petroleum Corporation that the situation will improve significantly in the next few days.<br />
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Buhari disclosed this in a statement he personally signed and posted on his verified Twitter handle, @MBuhari.<br />
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Describing the fuel crisis as regrettable, the President sympathised with Nigerians who he noted have been enduring needless fuel queues.<br />
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<blockquote class="twitter-tweet" data-lang="en">
<div dir="ltr" lang="en" xml:lang="en">The fuel scarcity being experienced nationwide is regrettable. I sympathize with all Nigerians,on having to endure needless fuel queues. I'm being regularly briefed, especially on the NNPC's interventions to ensure that there is enough petrol available during this period & beyond</div>
— Muhammadu Buhari (@MBuhari) <a href="https://twitter.com/MBuhari/status/944905404282261507?ref_src=twsrc%5Etfw">December 24, 2017</a></blockquote>
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The President said, “The fuel scarcity being experienced nationwide is regrettable. I sympathise with all Nigerians on having to endure needless fuel queues.<br />
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“I am being regularly briefed, especially on the NNPC’s interventions to ensure that there is enough petrol available during this period and beyond.<br />
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“I have the NNPC’s assurance that the situation will improve significantly over the next few days, as new shipments and supplies are distributed across the country.<br />
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“I have also directed the regulators to step up their surveillance and bring an end to hoarding and price inflation by marketers,<br />
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“Let me also assure that the relevant agencies will continue to provide updates on the situation. I thank you all for your patience and understanding.”