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Subsidy Removal: NMDPRA Assures Smooth Fuel Supply

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Subsidy Removal: NMDPRA Assures Smooth Fuel Supply

 

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has responded to concerns surrounding President Bola Ahmed Tinubu’s announcement of the removal of subsidy on Premium Motor Spirit (PMS).

 

In a statement, the authority clarified that the decision aligns with the Petroleum Industry Act (2021), which aims to achieve complete deregulation of the petroleum downstream sector to stimulate investment and foster growth.

 

The group assures the public that an ample supply of PMS is available to meet demand, emphasizing that distribution channels have been safeguarded to guarantee uninterrupted access to fuel at all filling stations nationwide.

 

The statement reads: “The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) wishes to address concems regarding the announcement of the removal of subsidy on Premium Motor Spirit (PMS) by President Bola Ahmed Tinubu.

 

Contrary to speculations and concerns, the announcement is in line with the Petroleum Industry Act (2021) which provides for total deregulation of the petroleum downstream sector to drive investment and growth.

 

We are working closely with NNPC Limited and other key stakeholders to guarantee a smooth transition, avoid any disruptions in supply as well as ensure that consumers are not short-changed in any form.

 

The Authority assures that there is ample supply of PMS to meet demand as we have taken necessary steps to ensure distribution channels remain uninterrupted and fuel is readily available at all filling stations across the country. We therefore call on Nigerians to remain calm and resist the urge to stockpile as it poses significant safety hazard.

 

The NMDPRA reassures all Nigerians that the removal of subsidy on PMS is a step towards building a more sustainable and prosperous future for our nation. We will continue to monitor activities and implement necessary measures to enhance transparency and accountability in the petroleum downstream sector.”

NEWS

Shell’s Landmark Achievements Earn Recognition at NOG Energy Awards

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Shell has won awards at the 25th edition of the Nigeria Oil and Gas (NOG) Energy Week Conference and Exhibition in Abuja in recognition of pioneering contributions to the energy industry in the country.

It won the Equality in Energy award while a Shell company, Daystar Power was honoured with the Sustainability in Energy award.

The honours which were part of the recognitions announced at the NOG Energy Awards Wednesday night recognize Shell for leading the way in equality, diversity and inclusion while Daystar Power was commended for initiatives towards decarbonisation.

The awards highlight the contributions of Shell businesses to the development of Nigeria, pioneering oil and gas production in the country with a presence dating back more than 60 years ago.

ALSO READ: FG Pressures Dangote, Marketers to Cut Depot Prices

A determined effort to promote equality, diversity and inclusion in its businesses has resulted in the appointment of women to key posts, including last month’s naming of former Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni as Executive Vice President and Country Chair Nigeria. She is the first Nigerian to hold the combined roles and assumes duty on the first of next month.

For its part, Daystar Power has continued to provide “solar and hybrid energy solutions for businesses in Nigeria, Ghana, Togo, Senegal and Côte d’Ivoire.”

Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari congratulated the awardees and commended the collaboration and teamwork that contributed to a successful conference.

Shell is a key sponsor of the Nigeria Oil and Gas conference and mounted an exhibition in addition to hosting a well-attended dinner on Tuesday night. In remarks read on his behalf by General Manager Wells and Geoscience Operations Nigeria, Joseph Mordi, Executive Vice President Nigeria and Country Chair Marno de Jong said: “We will continue to play our role in developing the industry and help to promote economic growth in Nigeria through the efficient delivery of our businesses in deepwater oil and gas production, integrated gas, renewables and power solutions.”

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International News

Eight Escape Death as Zambian Vice President’s Campaign Helicopter Crashes

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Helicopter Crashes In Lagos (Photos)

Zambia’s Vice President, Mutale Nalumango, escaped unhurt on Thursday after the helicopter carrying her and seven other people crashed shortly after takeoff while on a campaign tour ahead of the country’s August 13 general election.

Nalumango, 71, said the helicopter went down moments after departing from a campaign rally in the northeastern town of Nakonde.

Speaking to Diamond TV online, she recalled the incident, saying, “After we lifted off, I don’t know whether it was a minute or two… and then we came down.”

ALSO READ: Ghana Mourns As Two Ministers, Six Others Die In Military Helicopter Crash

Despite the crash, the vice president said everyone on board survived without injuries.

“We were eight, and all of us are fine,” she said, adding that it was not immediately clear what caused the crash, although the helicopter was badly damaged.

Zambia is set to hold presidential and parliamentary elections on August 13, with President Hakainde Hichilema expected to seek a second term as head of one of Africa’s top copper-producing nations.

Following the incident, the Zambian government said Nalumango underwent a routine medical check-up and was discharged in good health.

Pictures shared on social media showed the white Air Force helicopter lying on its side after it apparently crashed into a tree.
Authorities have yet to establish the cause of the crash.

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International News

Mixed Reactions as Florida Renames Palm Beach Airport After Trump

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Florida has officially renamed Palm Beach International Airport after United States President Donald Trump, a move that has drawn both praise and criticism as the president’s name continues to appear on major public landmarks and government institutions.

The airport, now known as President Donald J. Trump International Airport, was officially renamed on Thursday after Florida Governor Ron DeSantis signed the measure into law.

To mark the occasion, Trump’s son, Eric Trump, arrived at the airport aboard the family’s private Boeing 757, popularly known as “Trump Force One.”

SEE MORE: Trump Reacts as FIFA Clears Balogun to Face Belgium in World Cup Clash

Speaking on Fox News, Eric Trump described the event as “a beautiful day” and said no one was more closely associated with Palm Beach than his father.

“I don’t think there’s anybody more synonymous with Palm Beach than Donald Trump and maybe all of Florida,” he said.

Eric Trump also noted that the main road leading out of the airport is already named President Donald J. Trump Boulevard, adding that visitors arriving in Palm Beach would now see “DJT” on their travel tickets.

“And now anyone flying into Palm Beach will have a ticket where you’re going to see ‘DJT’ in perpetuity,” he said.

The renaming has generated mixed reactions among travellers and local residents.
Corporate pilot Chris Bailey welcomed the decision, saying Trump had “certainly done enough to warrant a name of an airport.”

However, not everyone shared the enthusiasm.

“Palm Beach is a better brand. People don’t really like Donald Trump,” said John Manov, a doctor. “It seems in poor taste.”

The airport renaming is the latest in a series of initiatives aimed at attaching Trump’s name and image to public infrastructure and official government programmes, marking a significant departure from the long-standing U.S. tradition of not honouring living presidents in such ways.

Also on Thursday, U.S. Treasury Secretary Scott Bessent was expected to unveil the Donald J. Trump Bridge in Tennessee.

Washington has already seen the renaming of the Donald J. Trump United States Institute of Peace, while large portraits of Trump have appeared on major government buildings.

Although Trump’s name was briefly attached to the Kennedy Arts Center, a judge later ruled the move unlawful.

The administration has also introduced Trump-branded visa and medical programmes.

His image is expected to appear on some U.S. passports and already features on National Parks passes. In addition, a new class of U.S. naval ships has been announced bearing Trump’s name.

In another unprecedented move, the U.S. Treasury says Trump’s signature will appear on U.S. dollar banknotes later this year.

Critics have likened the growing presence of Trump’s name and image on public institutions to personality cults commonly associated with authoritarian governments.

Eric Trump dismissed the criticism, saying, “Anything that bears our name is slightly controversial.”

Asked how the president reacted to the airport being named after him, Eric Trump said Donald Trump was “honored” and “humbled.”

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