Headline
FG Disburses N173bn For Uniform Fuel Price Nationwide
Published
1 year agoon
By
EditorThe Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal Ministry of Petroleum Resources on Tuesday showed.
PMS price equalisation is done by the Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, in which the NMDPRA ensures price uniformity of petroleum products via the reimbursement of marketers for trucking products to filling stations anywhere in Nigeria.
A document obtained by our correspondent from the FMPR in Abuja, on the scorecard of the ministry since 2019, showed that over N173.2bn had been disbursed to equalise the cost of petrol nationwide.
But despite the hundreds of billions spent on PMS price equalisation, the cost of the commodity has hardly been equal in various states, outside Lagos and Abuja.
Currently, for instance, the price of petrol at mega stations owned by major marketers in Abuja and Lagos hovers between N179 and N180/litre, but the cost of the commodity in many independent retail outlets in other states is usually higher than N250/litre.
The price disparity across states has lingered for years, as one hardly gets the commodity at the same cost in all 36 states and the Federal Capital Territory.
In fact, in some retail outlets operated by independent marketers in major cities like Abuja and Lagos, the cost of PMS is over N200/litre, whereas the approved rate is N179-N180/litre. This, however, is despite the equalisation fund being disbursed by the government.
Providing a progress report on efforts to eradicate the smuggling of PMS across Nigerian borders, the Minister of State for Petroleum Resources, Chief Timipre Sylva, stated in the document that “a total of 255,659 truck-outs were equalised during the review period.
“N173,200,284,779 (approx.) equalisation paid. 1,277 supplying vessels tracked. 25,525,688,042 litres of total PMS discharged.”
The minister explained that 66.7 million litres of PMS was the average daily sufficiency during the period, adding that the total truck-out volume was 24,346,614,589 litres.
He also stated that the target of the FMPR was to ensure energy sufficiency in power and petroleum products, as well as reduction in the volume of smuggled PMS through improved technology.
Others include PMS equalisation to close differential cost, and to undertake routine end-to-end tracking of petroleum products cargos using Lloyds List Intelligence and Refinitiv.
Sylva, however, stated that the key challenges to achieving these targets were market infractions, defaulting marketers, delay in submission of out-turn forms by marketers, arrival/discharge quantity variation, and sharp practices by operators.
READ ALSO: Fuel Subsidy Is Organised Crime, I’ll Remove It – Peter Obi
On the support that was required, he said there was a need for full system automation, review of existing policies, ensure strict compliance with regulations and strong inter-agency collaboration and transparency for petroleum product supply value chain activities around the border.
On the gas flare commercialisation programme, the document stated that the government had identified 48 flare sites, adding that the plan was to allocate them this year.
“48 flare sites have been identified. Six of them have been taken out of the basket because they are not commercially viable (because the flare volumes are minimal). The plan is that these flare sites will be allocated by Q4 2022,” the petroleum ministry stated.
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Headline
Group Of Top Male Footballers ‘Planning To Come Out As Gay Next Month
Published
6 hours agoon
April 25, 2024By
EditorA group of top male footballers ‘are planning to come out as gay on May 17.
German outlet Preussische Allgemeine Zeitung claims a group of professionals across the country will declare publicly their sexual orientation.
The date in question is of particular reference as it is the International Day Against Homophobia.
It is believed that all of the clubs the reported players are aware of the planned proposals.
READ ALSO: Saudi Arabia Opens First Alcohol Store, Nigerian Muslims React
However, Preussische Allgemeine Zeitung adds that some players still have reservations about revealing their homosexuality and could still make a U-turn in doing so.
Marcus Urban is a former footballer in Germany who came out as gay in 2007, 16 years after quitting the sport. Urban, now 52, is the co-founder of Diversero, a global community for diversity, and hopes next month’s plans do come to fruition.
‘I think they are respected and celebrated for that. Not by everyone, that’s clear. But hate speech cannot be a criterion for a life,
‘May 17 is an offer,’ he told the Editorial Network Germany (RND). ‘A date that you could use as a guide and get together as a group.
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‘There is controversy there. Do I still want to wait until the world of football becomes the way I want it to be? Why should I wait? An interesting dynamic has come into play, you can see that people’s minds are starting to move and are thinking about whether it really makes sense to continue to hide and deny themselves.
Urban went on to reveal that there are gay couples playing in the Bundesliga too – declaring it would be ‘liberating’ if they came out.
‘There are also gay Bundesliga couples who are in hiding,’ he continued.
‘That would be so liberating. What’s wrong with it.’
Headline
Saudi Arabia Opens First Alcohol Store, Nigerian Muslims React
Published
6 hours agoon
April 25, 2024By
EditorNigerian Muslims have gone on X to express outrage after it was announced that Saudi Arabia has opened its first alcohol store in Riyadh.
Alcohol consumption is against the teachings of Islam and Saudi Arabia, a Muslim country, has always obeyed to this law by forbidding the operation of alcohol stores in the country.
However, for the first time, the country opened its first alcohol store in the diplomatic quarter of its capital Riyadh.
READ ALSO: UK Slams Fresh Sanctions On Iran After Israel Attack
After it was announced on X, Nigerian Muslims took to the platform to express their displeasure.
“Disgraceful,” one Nigerian Muslim wrote on X. “They’re slowly turning Saudi Arabia into Las Vegas and it’s making me mad. At the rate they’re going , very soon they’ll legalize prostitution and same sex marriage in our most sacred city.”
Nigerian Muslims read the riot act after Saudi Arabia opened its first alcohol store.
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Another said: “It’s baffling and disgusting to see that Saudi Arabia has opened the first alcohol store in Riyadh.
“I wonder why the current crown prince is going against the teachings of the holy prophet by accommodating western cultures in a country like Saudi Arabia where the two most holy mosque are situated.
“This is an insult to the religion of peace and the entire Muslim ummah. It’s disgraceful.”
Headline
VIDEO: Meet Nigerian Pastor Who Predicted World Will End April 25
Published
9 hours agoon
April 25, 2024By
EditorAn unidentified Nigerian pastor has stirred reactions on social media by following a prophetic revelation that the world would end on the 25th of April 2024.
In a video which has since gone viral, the pastor disclosed that God informed him of the end of the world during a prayer session.
The pastor emphasised that he clearly saw the date and that God mentioned it to him twice.
READ ALSO: UK Slams Fresh Sanctions On Iran After Israel Attack
He said, “By the 25th of April, the world is going to end. If you like take this serious, if you don’t like don’t take it serious.
“But this is real, rapture is coming, on the 25th of April 2024, I saw it very clear, do you understand? I saw the date very clear and the lord ministered to me. He mentioned it twice, it has happened twice.”
Watch video below:
VIDEO: Nigerian Pastor Claims World Will End April 25th
An unidentified Nigerian pastor has stirred reactions on social media by following a prophetic revelation that the world would end on the 25th of April 2024.
In a video which has since gone viral, the pastor disclosed… pic.twitter.com/9xFXAtVCNl
— Punch Newspapers (@MobilePunch) April 25, 2024
Source: PUNCH
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