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Lagos tanker fire: Stakeholders want tank farms relocated

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LAGOS – Victims of last Tuesday’s inferno in Apapa area of Lagos State where 15 people were burnt to death, have called on the government to relocate the fuel tank farms from their present location in Apapa, saying the number of casualties arising from tanker-related accidents in the area was on the increase.
Also, the victims want the government to assist them get back on their businesses.

A victim, Mr. Daniel Apere, lamented that he lost goods worth more than N5 million to the inferno.

“I don’t know where to start from, I watched all my life earnings totalling more than N5 million being consumed by the raging fire. Also, my elder brother lost over N30 million to the fire.”

Apere appealed to the Federal Government to relocate the tank farms from Apapa, saying: “The number of casualties from tanker-related accidents is increasing daily, as a result the tank farms should be removed from Apapa and environs.’’

It would be recalled that Governor Babatunde Fashola of Lagos State, while assessing the extent of damage caused by the explosion at the MRS tank farm, last year, urged the Federal Government, in the interest of the masses, to relocate the tank farms from the area.

Lagos tanker fireAnother victim, Collins Okafor, said: “All my goods were completely burnt and I could not salvage anything. For the past four months, we have been experiencing fire disasters around here but this is the greatest of all. An orange seller lost her son to the inferno and she also got burnt in the process, in her bid to rescue her son.”

Mr. Oke Udeagbara, President of the Berger Business Community, lamented the loss of his members. He said: “The loss was unimaginable. We lost over N1 billion on that day. One can imagine all the shops loaded with engines and the least of the truck engines costs N800,000. The explosion occurred at a time some of our members had just stocked their shops with new arrivals.’’

Mr. Moses Okolie, chairman, Board of Trustees of the traders, said five of the traders who had rushed to the scene to salvage their property were injured in the process.

Mr. Arinze Okolie, manager, Berger Suya car park, said: “The fire started at about 10:00 pm and immediately spread to nearby buildings, burning several people to death.”

Okolie, who attributed the incident to negligence on the part of the tanker driver, said: “The fuel-laden tanker experienced brake failure and rammed into the Police post at the bus stop. Its content spilled on the road caught fire. The driver should have checked the brake system and other parts of the vehicle before setting out on the journey.’’

Govt should rehabilitate our roads —Residents

Residents of Osho Drive, the closest community to the scene of the incident, yesterday, expressed disappointment with the state of Kirikiri-Ajegunle road and called on government to rehabilitate its and save them from incessant tragedies.

Chairman, Osho Drive Community Development Association, Mr. Nwogu Emmanuel, who spoke to Vanguard said the road was an eyesore.

He said: “May I state categorically that the tragedy was aggravated by the bad road. The tanker driver would have been able to handle the situation if not for the deplorable condition of the road. The bus-stop is prone to gridlocks as a result of the bad road, the number of casualties would have increased if there was gridlock on that day.’’

The CDA chairman, however, affirmed that many of the victims were non-residents of the community.

He said: “Nobody has come to search for their relatives because the victims mostly consist of traders, lotto dealers and suya dealers who come from far away places to transact their businesses in the area.”

Tankers should operate at night —Petroleum dealers

President, Petroleum Dealers Association, Badagry branch, Otunba Adisa Osiefa, said the tankers were causing more havoc than good especially in day time.

He said: “We cannot continue to lose lives on our roads. Tankers are not supposed to be on the road during the day, rather, they should move in the night. I have travelled far and wide and discovered that things like this rarely happen in foreign countries.

“I have told the government on many occasions to restrain tankers from operating during the day. The amount we make on tankers cannot be compared with the number of lives lost each time an explosion occurs on our road.”

Fresh tanker explosion averted

What could have been another petroleum tanker explosion was averted in Lagos, yesterday, through the quick intervention of the state’s fire fighters and men of the Lagos State Traffic Management Authority, LASTMA, who prevented an overturned tanker from igniting fire.

According to an eyewitness, a tanker fully loaded with petrol which registration number was removed, while on transit suddenly overturned in the process of negotiating a bend and spilled the content on the road.

The incident which reportedly occurred at about 1pm at Oke Ajuwon, along Iju-Ishaga road, in Ifako-Ijaiye Local Council Development Area, LCDA, led to traffic congestion as men of the Lagos State fire fighters and LASTMA, who sped to the scene following distress call, kept onlookers and motorists away from the spot of the incident.

According to Mr Tayo Adewale, a banker in one of the new generation banks in the area, “It is a miracle that the tanker did not burst into flames. But thank God for the quick arrival of LASTMA and fire fighters, it would have been a different story.”

The situation was brought under control few hours later and the tanker was removed from the road.

– VANGUARD

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Oil

FG Introduces New Incentives To Revitalize Nigeria’s Oil & Gas Industry

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In a strategic move to revitalize Nigeria’s oil and gas sector, the Federal Government has unveiled two key fiscal incentives aimed at attracting investment and enhancing energy security.

The announcement was made by Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy on Wednesday.

The first initiative, the Value Added Tax (VAT) Modification Order 2024, introduces critical exemptions for essential energy products and infrastructure, including Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment.

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These exemptions are designed to reduce living costs for Nigerians, promote energy security, and accelerate the transition to cleaner energy alternatives.

The second initiative, the Notice of Tax Incentives for Deep Offshore Oil & Gas Production, offers new tax relief options for deep offshore exploration projects.

This measure aims to position Nigeria’s deep offshore basin as a premier destination for international oil and gas investments, boosting the country’s appeal to foreign investors.

These reforms are part of a broader set of policy initiatives, known as Policy Directives 40-42, endorsed by President Bola Ahmed Tinubu.

The directives reflect the administration’s commitment to fostering sustainable development in the energy sector and enhancing Nigeria’s competitive edge in the global oil and gas market.

 

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Tinubu set to approve ExxonMobil-Seplat oil deal, expands CNG bus initiative

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By Yemie Adeoye

NIGERIA’s President Bola Tinubu has announced that the protracted ExxonMobil-Seplat upstream oil divestment will be formally approved by the Minister of petroleum within a matter of days, just as he announced his government’s intention to expand the Compress natural Gas, CNG buses initiative.

The President who stated this during his Independence day nationwide broadcast stated that the move is in line with his administration’s commitment to free enterprise, free entry and free exit in investments which is the hallmark of his administration investment policy.

“Fellow compatriots, our administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of our regulatory processes. This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively. As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA. This was done in the same manner as other qualified divestments approved in the sector.”

The President also seized the opportunity to plead with Nigerians to be patient with his administration’s reform policies. “As your President, I assure you that we are committed to finding sustainable solutions to alleviate the suffering of our citizens. Once again, I plead for your patience as the reforms we are implementing show positive signs, and we are beginning to see light at the end of the tunnel”.

“Our energy transition programme is on course. We are expanding the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players. The Federal Government is ready to assist the thirty-six States and FCT in acquiring CNG buses for cheaper public transportation.

Fellow Nigerians, while we are working to stabilise the economy and secure the country, we also seek to foster national unity and build social harmony and cohesion. Our economy can only thrive when there is peace”. he enthused.

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Oil

ExxonMobil To Invest $10bn In Nigeria’s Deep-Water Oil Operations

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As part of the administration’s push to improve Ease of Doing Business (EoDB), Nigeria’s Vice President Kashim Shettima has expressed support for ExxonMobil’s plan to invest $10 billion in the country’s deep-water oil sector.

Speaking on Wednesday, September 25, 2024, during a meeting with ExxonMobil executives at the 79th United Nations General Assembly (UNGA) in New York, Shettima called the investment “a clear testament to the administration’s economic reforms and investor-friendly policies.”

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This announcement follows news that international maritime company DP World intends to develop a multibillion-dollar port project in Nigeria.

Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, shared the development in a statement on Wednesday. He quoted Shettima as saying: “ExxonMobil’s potential investment aligns with the vision of President Bola Ahmed Tinubu’s administration for a more investment-friendly Nigeria.

We are committed to fostering an environment that supports such transformative projects.”Shettima also discussed the administration’s broader efforts to improve the ease of doing business, highlighting the “Renewed Hope Agenda,” which aims to simplify bureaucratic processes, enhance transparency, and offer fiscal incentives to attract global investors.

“Our administration has taken bold steps to unify the exchange rate, remove fuel subsidies, and implement tax reforms. These measures, though challenging in the short term, are intended to create a stable and predictable business environment in the long term,” he added.

On the oil and gas sector, Shettima mentioned that the government is revising the fiscal framework for deep-water operations to attract investment while ensuring fair returns for the Nigerian people.

 

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