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FG Ends NNPC’s Monopoly, Opens Direct Purchase of Petrol From Dangote Refinery

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In a landmark move aimed at fully deregulating Nigeria’s downstream oil sector, the federal government has announced that oil marketers can now purchase petroleum products directly from the Dangote Refinery and other local producers, effectively ending the Nigerian National Petroleum Company (NNPC) Limited’s decades-long monopoly as the sole distributor.

The announcement was made on Friday, signaling the government’s resolve to open up the oil market to foster competition and enhance efficiency.

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This comes on the heels of the NNPC stepping away from its intermediary role with the Dangote Refinery, allowing for a direct purchase arrangement between marketers and local refineries.

The federal government had already commenced the sale of crude oil to local refineries, including Dangote, in naira as of October 1, an effort to address fuel supply shortages that had been exacerbated by NNPC’s financial challenges.

Under the previous arrangement, Dangote Refinery was only permitted to sell petrol to NNPC in local currency, leaving marketers reliant on the national oil company.

The new policy now enables marketers to bypass NNPC and negotiate directly with refineries for petroleum products.

Wale Edun, Minister of Finance, provided key updates during a post-commencement review meeting of the naira-based crude oil and refined products sale initiative on Thursday.

According to Edun, the initiative is progressing smoothly, in line with directives from the Federal Executive Council (FEC).

He said,“This committee is pleased to report a successful transition in line with the FEC directive. We have established a robust framework for local production and the distribution of crude oil and refined products, all for local consumption in naira.

“With this mechanism fully operational, we are on track to achieving a fully deregulated market for all petroleum products.”

He emphasized that oil marketers are now encouraged to engage in direct commercial negotiations with refineries, a step he believes will increase market competition and drive efficiency across the sector.

The government remains confident that these measures will, in the long run, create a more favorable market for Nigerian consumers.

The federal government’s decision to deregulate the sector comes at a critical time when the country is grappling with petrol shortages and rising energy costs.

By allowing direct purchases from refineries, the government aims to stabilize the supply chain and reduce costs associated with fuel distribution.

Industry stakeholders are now watching closely to see how the deregulated market will evolve and what impact this shift will have on fuel prices and availability for Nigerians.

 

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Kano Police Warn Residents Of Imminent Terror Attack Threats

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The Kano State Police Command has warned residents of a potential terror attack, targeting public gatherings in strategic locations across the state.

In a statement issued on Friday, the command’s Public Relations Officer, SP Abdullahi Haruna, disclosed that intelligence reports indicated suspected terrorists were planning to carry out attacks.

“The Kano State Police Command, in liaison with other security agencies, has received intelligence reports of suspected terrorists planning to launch attacks on public gatherings in strategic locations within Kano State.

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“In response, we hereby urge residents to exercise caution and avoid crowded places and environments until further notice as a preventive measure to enable security operatives to identify and dislodge possible attackers,” the statement read.

To address the threat, the police command has enhanced security arrangements across the state. SP Haruna revealed that specialized units, including the Explosive Ordinance Disposal (EOD) and the Chemical, Biological, Radiological, and Nuclear (CBRN) teams, have been deployed to strategic locations and are on high alert.

“A team of experts from the command’s Explosive Ordinance Disposal, Chemical, Biological, Radiological, and Nuclear units have been deployed to strategic locations and are on high alert.

“The unit can be contacted through: 08169884988 or 07067157218 for report of suspicious persons or item(s),” Haruna stated.

Residents have been urged to remain vigilant and report any suspicious activities to the nearest police station or contact the command through the designated hotlines.

“The command remains committed to protecting lives and properties as well as maintaining law and order in Kano State.

“We appreciate the support and cooperation of the good people of Kano State and urge everyone to remain vigilant. Your vigilance and cooperation are crucial in ensuring public safety,” the statement concluded.

 

 

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Ifon-Ilobu-Erin Osun Land Disputes: Osun Constitutes A 100-Member Boundary Resolution Committee

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Four gang-killed two in Osun, destroy N8M properties

 

In the bid to resolve the incessant land disputes between the communities of Ifon, Ilobu and Erin Osun, the Governor of Osun State, Senator Ademola Adeleke has constituted an enlarged 100-member high powered land crisis resolution committee in which each of the affected communities has 25 representatives, and the state government represented by 25 members.

The Osun State Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi made the disclosure in a statement in Osogbo, on Friday.

He revealed that the Ataoja of Osogbo land, Oba Jimoh Adetunji Olanipekun Larooye is the Chairman of the Committee, while a retired judge of Osun State Judiciary and Chairman, Osun State Boundary Commission, Justice Moshood Adekunle Adeigbe, would serve as the Co-Chairman.

According to Alimi, Gov Adeleke put in place the Committee with a view to bringing a lasting end to the incessant land disputes among the three affected communities.

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It was gleaned from the statement that there were four other traditional rulers on the panel, including His Royal Majesty; Oba Abioye Oyebode, the Olokuku of Okuku, His Royal Majesty; Oba Adams Iyiola Bamidele Yusuf, the Oloba of Oba Oke, His Royal Majesty; Oba Adekeye Oyedare, the Oloyan of Oyan and His Royal Majesty, Oba Akeem Ogungbamgbe,The Owaloko of Iloko-Ijesha.

Other members are Umar Abba Mohammed, Osun State Commissioner of Police, Ayoola Kehinde, Osun State Director, Department of State Services( DSS) Brigadier General, Aliu Mohammed, Commander E.C.C, Ede, Sotiyobo Igbalawola, Osun State Commander, Nigeria Security and Civil Defence Corps( NSCDC), Anthony Chikezie, Commander, Immigration Service, Osun State, Adekunle Omoyele, Osun State Commander, Amotekun Corps, and Special Adviser to Osun State Governor on Security, Barrister Dare Ojo.

Also on the enlarged Committee, where members are enjoined by Gov Adeleke to bring in their wealth of experience to bear on the highly critical assignment, are the Chairman, NBA Osogbo branch, Yemi Abiona, Esq; the Chairman, NBA, Ikirun, Niyi Akinsola, Esq; the Chairman, NBA, Ile Ife, Tope Olajoko, Esq; the Chairman, NBA, Ilesha, Raymond Oki, Esq; Others appointed to serve on the Ifon- Ilobu- Erin Osun Peace Resolution Committee are; Soladoye Abioye, the Surveyor General of Osun State – Dr Sodiq Olohunde, Office of Chief of Staff to the Governor, Marufat Adekemi Bello, Permanent Secretary , Ministry of Justice – Femi Ogundun,- Permanent Secretary, Ministry of Local Govt and Chiertincy Affairs, Dr Fritz Mobolaji Olaoye, Permanent Secretary, Ministry of Lands and Physical Planning.

Completing the list of the Committee members are Comrade Wasiu Ajadosu, Osun NUJ Council Chairman, Comrade Waheed Lawal, Osun Civil Society Coalition and Comrade Saka Mao, a Public Affairs Analyst

The statement has it that Gov Adeleke, will on Tuesday, the 28th of January, 2025 perform the swearing in ceremony of the 100-member enlarged Ifon, Ilobu, Erin Osun Land Crisis Resolution Committee, at the Multi purpose hall of Local Government Service Commission, State Government Secretariat, Abere Osogbo by 11:00am.

 

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Okpebholo Moves To End Indiscriminate Parking, Gridlock In Edo State

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Edo State Governor, Senator Monday Okpebholo, has charged the Managing Director of the Edo State Traffic Control Management Agency (EDSTMA), Engr. Stainless Ijeghede on indiscriminate parking and traffic gridlock, especially in market areas.

According to a statement in Benin City on Friday, by Chief Press Secretary to Edo State Governor, Fred Itua, his principal gave the charge while decorating Ijeghede with his new rank as the head of EDSTMA.

He noted that while addressing the new Managing Director and his personnel at the Exco Chambers in Government House, Gov Okpebholo pointed out that the agency should do its job well by ensuring free flow of traffic across the state.

He called on Ijeghede and men of the agency to ensure they checked indiscriminate parking of vehicles and buses, especially in market areas.

“Edo State belongs to all of us and whatever we are doing, we should do it with care not to harm anybody. I appeal to EDSTMA to ensure that the city is well kept because whenever I drive round town, I see vehicles everywhere as the city is not well kept.

“This is your primary assignment. You should ensure the city is well kept as vehicles park indiscriminately and they are causing obstruction. Traffic is not flowing as it should and it is causing serious gridlock. Is it that you are not doing your job well?

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“Is it that you are not doing your job well or because you have a new leader that is why traffic is not flowing, or because you don’t know your job?

“You people should wake up and keep the state clean. Make sure that vehicles are parked well especially in the market areas. Monitor markets very well as these areas are looking really unkempt with vehicles and buses parked indiscriminately, causing traffic gridlock. Edo people are worst hit. They suffer from this. Ensure free flow of traffic so that the people will be happy,” Governor Okpebholo emphasized.

The EDSTMA boss, thanked Gov Okpebholo for the opportunity to serve the people of Edo State and assured him of the loyalty of the agency.

He added that his men will do their job professionally and ensure that the is free flow of traffic across the state.

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