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Likely Price For Dangote Petrol Revealed

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Hopes for cheaper Premium Motor Spirit (PM), otherwise known as petrol, rose, last night, as indications emerged that the product may sell for between N857 and N865 per litre after the Nigerian National Petroleum Corporation Limited (NNPCL) starts lifting the product from Dangote Refinery today.

It was learnt that the NNPCL, as the sole off-taker of petrol from the refinery, is projected to lift the product at N960/N980 per litre and sell to marketers at N840/N850 to enable Nigerians to get it at between N857 and N865 at the pump at filling stations.

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However, whether uniform product prices would apply at filling stations nationwide was unclear.

As of yesterday, petrol sold at N855 per litre at NNPCL retail stations in Lagos and it was the cheapest anyone could buy the product while major marketers sold around N920.

At independent marketers’ outlets, the price was over N1,000.
Elsewhere across the country, PMS sold for more than N1,200 per litre.

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Negotiations

Sources said the new arrangement from the NNPCL and Dangote Refinery negotiations, spanning more than one week, would allow Nigerians to get petrol at between N857 and N865 per litre and represents an average under-recovery of about N130 to NNPCL.

READ ALSO: NNPCL, Dangote In Marathon Meetings Over Petrol Pricing

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President Bola Tinubu, Vanguard was made to understand by a Presidency source, made it clear to the negotiating parties that “the price at which petrol would be sold to Nigerians should not be such that would place heavy financial burden on them while dealing with the new reality of the prevailing price”.

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has, meanwhile, expressed optimism that the deal would reduce the pressure on foreign exchange (FX) demands and shore up the value of the Naira – presently, between 30% and 40% of FX demands go into the importation of PMS.

Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, who confirmed the readiness of the company to start lifting petrol today, told Vanguard, yesterday: “NNPC Ltd has started deploying our trucks and vessels to the Dangote Refinery to lift PMS in preparation for the scheduled lifting date of September 15th, as set by the refinery.

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“Our trucks and personnel are already on-site, ready to begin lifting. We expect more trucks, and the deployment will continue throughout the weekend so we can start loading as soon as the refinery begins operations on September 15, 2024.”

300 trucks

Soneye hinted that at least 100 trucks had already arrived at the refinery for the petrol lifting, adding that the number of trucks could increase to 300 by Saturday evening.

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READ ALSO: PHOTOS: 300 NNPC Trucks Converge On Dangote Refinery To Lift Petrol

On his part, Executive Secretary, of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole, said: “We have been lifting diesel (AGO) and aviation fuel (jet fuel) and we look forward to lifting petrol (PMS).”

On pricing, he said: “We await clarity in respect of the pricing mode, and once that is clarified, we’ll do the needful towards meeting the energy needs of Nigerians.”

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Edun, the Minister of Finance and Coordinating Minister of the Economy, yesterday, said the structuring of the NNPCL, Dangote Refinery deal in Naira would assist in reducing pressure on the local currency.

A statement by the Director of information and Public Relations in the ministry, Mohammed Manga, stated: “In a landmark move towards reducing pressure on the Naira, eliminating unnecessary transaction costs, and improving availability of petroleum products, the Federal Government has successfully initiated the sale of crude to local refineries as well as corresponding purchase of petroleum products in Naira.

“The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this today in his office in Abuja shortly after the Technical Sub-Committee meeting on the sale of crude oil to local refineries in Naira.

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READ ALSO: NNPCL, Dangote In Marathon Meetings Over Petrol Pricing

“Represented by the Executive Chairman, Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, the Minister announced the completion of all agreements and modalities for the implementation of the Federal Executive Council (FEC) approval on the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira.

“Recall that the FEC under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira.

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Pressure on Naira

“This initiative will help reduce pressure on the Naira, eliminate unnecessary transaction costs, and improve the availability of petroleum products in the country.

“Since then, the implementation committee chaired by the Hon. Minister of Finance and the technical committee have worked intensely with NNPCL and Dangote Refinery to fashion out the details of the modalities for the implementation of the FEC approval.

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READ ALSO: NNPCL Announces Date Dangote’s Petrol Will Flood Market, Prices To Be determined by Market Forces

“I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday 15th September. From 1st October, NNPC will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in Naira.

“In return, the Dangote Refinery will supply PMS and diesel of equivalent value to the domestic market to be paid for in Naira. Diesel will be sold in Naira by the Dangote Refinery to any interested off-taker. PMS will only be sold to NNPC; NNPC will then sell to various marketers for now.”

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The agreement, according to analysts, was expected to ease the severe shortage of petrol across the country and probably bring the price which has skyrocketed recently down.
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OPINION: Fufeyin The Compound Food

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Tunde Odesola

When two or more words combine to form a new word, what you get is a compound word, which is also called a portmanteau. An example of a compound/portmanteau word is brunch – a combination of ‘breakfast’ and ‘lunch’; motel: ‘motor’ and ‘hotel’ – a roadside lodging where motorists park directly outside the rooms to rest; podcast is a word coined from ‘iPod’ and ‘broadcast’, just as sunlight is forged from ‘sun’ and ‘light’. Even the word ‘portmanteau’ itself is a portmanteau word, combining ‘porter’ (to carry) and ‘manteau’ (a cloak).

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Did you know there’s a compound side to food? Come take a bite. A balanced diet is a healthy meal that nourishes the body with essential nutrients in the right proportions. Adalu is a Yoruba delicacy consisting of corn, beans, and palm oil, popular in Benin and Togo. Abula is a classic Yoruba soup of ewedu and gbegiri that caresses amala on the descent journey to the belly. Oyinbo people, too, have their own compound/portmanteau meals. They have croffle – a combination of croissant dough and waffle; meatza – a pizza crust made from meat; turducken – a roast dish consisting of a boned chicken inside a boned duck, which is placed inside a partially boned turkey.

Is my tale getting more delicious? Good! “Give me second base, jare,” Fela Anikulapo-Kuti would say when he diminuendoes his tune to change musical notes. I’m just about to change to the second base of this literary offering and enter into the underground spiritual game. Hahaha! Just sit back and enjoy, please.

Here we go. There’s a new compound meal in town. The new meal is a portmanteau of madness. It’s as disgusting as it’s disturbing. It’s crazy, irritating and sickening. It’s a food combination that the brainless are guzzling with gusto right now. It is Fufeyin, a meal of fufu and eyin. Eyin is a Yoruba word for egg – protein-rich, formerly a food on common plates, but now a permanent resident on the exclusive menu for executive plates. Fufu is the long-lasting starchy staple famous among the masses on 0-0-1 unsquared meal, enduring in the stomach from a.m. to p.m.

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MORE FROM THE AUTHOR: OPINION: Pounding Yams On Stubborn Bald Heads

Fufeyin is the new opium for the brainless. It’s an unhygienic food combination that leads to acidic farts and watery gastronomic leaks. Fufeyin is a metaphor for moral rot – a symbolic dish served hot by deceivers to the devoutly daft. It’s the burnt offering rejected by God, but guzzled by the gullible, eyes shut, wallets open. The ‘fufu’ in Fufeyin symbolises a poverty background, the ‘eyin’ in it symbolises craze for wealth. Fufeyin is evil. Fufeyin is a meal made for the ignorant and the stupid by an irritating chef who doesn’t know how to light a stove.

Can we spare 60 seconds to talk about brains, please? It could be less. Let’s place a grown man on a spot marked ‘A’ and place an ant on a spot marked ‘B’. In the heads of the man and the ant, the brains are of different sizes. Having studied ants for more than five decades, the moniker, “Ant Man,” perches fittingly on the laurels of James Traniello, a professor of biology at Boston University. A 2023 publication, “BU’s ‘Ant Man’ studies Ant Brains,” published in Boston University’s digital research journal, The Brink, says Traniello’s work ‘raises questions about how both insect and mammalian brain sizes evolved and about the relationship between the size of the brain and how much energy it requires’.

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In a 2020 publication in The Brink, “From Ant Brains, Seeking New Lessons about Human Behaviour and Society,” Traniello says, “Human brains weigh only about 3 pounds, but use about 20 per cent of our energy. Brains are also metabolically selfish, potentially capable of demanding energy dedicated to other organs.”

Science says an ant’s brain is remarkably large in proportion to its body size and sophisticated enough for navigation, swarm intelligence, efficiency, chemical communication, memory and colony coordination. The size of an ant’s brain is 0.01mm, which is 15 per cent of the body mass, with an estimated neuron count of 250,000.

MORE FROM THE AUTHOR: OPINION: Discussing Portable, Apostle Suleiman, Fufeyin And Chosen Liars (1)

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The human brain is about 2 per cent of total body mass, with an 86 billion neuron count and measuring 1,200 – 1,400 cm in size. The human brain has faculties for reasoning, language, memory, creativity, emotion and consciousness.

Traniello, whose research attracted a $1.5m grant, says, “Some types of ants even work together to cultivate and harvest mushrooms for food,” adding that, “Like humans, ants are known for their extraordinary collective intelligence. Cooperating groups are better at problem-solving than individuals in both human and ant societies.”

Although the human brain is far more complex than the ant’s brain, the actions of some people show that a human brain not put to proper use cannot compare with the brain of an ant. Indeed, the irritable way many Nigerians worship glaringly deceitful religious and political leaders, fawning over fake miracles and political promises, shows that an ant’s brain is far superior to some humans’ brains.

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Probably the vacuity in humans was what King Solomon noticed when he offered that timeless piece of advice in the Book of Proverbs, chapter 6: verses 6-11: “6. Go to the ant, you sluggard; consider its ways and be wise! 7. It has no commander, no overseer or ruler, 8. yet it stores its provisions in summer, and gathers its food at harvest. 9. How long will you lie there, you sluggard? When will you get up from your sleep? 10 A little sleep, a little slumber, a little folding of the hands to rest—11
And poverty will come on you like a thief and scarcity like an armed man.”

MORE FROM THE AUTHOR:OPINION: Discussing Portable, Apostle Suleiman, Fufeyin And The Chosen (2)

The Jewish Virtual Library says Solomon became the King of Israel in approximately 967 B.C.E, that is 2,991 years ago, yet he talks about the ants ‘gathering its food at harvest’, and Professor Traniello, in a 2020 research corroborates King Solomon, saying, “Some types of ants even work together to cultivate and HARVEST mushrooms for food.”

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Because I’m not as wise as King Solomon and because I live in the digital age, I’ll depart from the ant metaphor and go after the spider and its web. The spider web holds a fascination for me because of its intriguing comparability with digital technology. So, watch me as I step onto the spider’s intricate web, gingerly avoiding the pitfalls of sticky strands.

Ssshhh! Silence! I’m on the cobweb now, trying to get my balance; it’s bouncy and shaky here, like walking on the slippery terrain of Nigeria. Ha! God, abeg o. Can you believe what I’m seeing? Ha!? So, spiders too write graffiti? Ise eniyan ni ise eranko o – humans behave like animals. Or perhaps worse. Wow, how lovely the spider writes! Can I read out some of the graffiti? OK. Here we go. “While ants build colonies and spiders design cobwebs, humans flock to charlatans selling spiritual fufu and eggs.” Wow! Word!

I can see more graffiti on the wobbly cobwebs. I’ll read them: “Fufeyin and co are a curse on humanity.” “Fufeyin will perish soon.” “There are a million Fufeyins littering different altars in Nigeria.”

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Ise eniyan ni ise eranko o – humans and animals behave alike. That’s why life, like a cobweb, is a delicate weave – spun from dreams, sweat, fears, and faith. Like life, the cobweb glistens at its peak, masking its trap in its fragile form, lurking for the next victim. Wise up, brethren; Fufeyin is the trap, stop falling mugun.

Email: tundeodes2003@yahoo.com

Facebook: @Tunde Odesola

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Full List Of Schengen Countries Offering 5-yr Visa Programme

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Nigerians with a strong travel history now have more incentive to explore European countries, thanks to the five-year multiple entry Schengen visa.

This long-term visa offers travelers the freedom to enter any of the 29 Schengen countries multiple times over five years: provided no stay exceeds 90 days within any 180-day window.

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Designed primarily for frequent travelers, business professionals, and individuals with consistent international travel records, the visa eliminates the hassle of reapplying for short-term permits.

It reduces visa processing time, lowers application costs, and simplifies the documentation and interview requirements.

Approval for the five-year visa is still subject to the discretion of the issuing embassy or consulate.

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READ ALSO:US Visa Adjudication Sparks Concerns Over Diplomatic Relations

However, applicants with a higher likelihood of success typically meet one or more of the following criteria:

Previously held a multiple entry Schengen visa valid for at least two years within the past three years

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Travel to Schengen countries at least two to three times a year

Demonstrated compliance with visa regulations, including no overstays and proper documentation

To boost their chances, applicants are expected to submit a compelling cover letter stating the purpose and need for long-term travel, show proof of financial stability, and provide valid long-term Schengen travel insurance.

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READ ALSO:10 Countries Hiring Nigerians, Other Foreign Workers In 2025 With Easy Visa Process

Eligible Countries under the Five-Year Schengen Visa
Holders of this visa can travel freely to the following 29 Schengen member states:

Austria
Belgium
Bulgaria
Croatia
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland

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Aburi Accord: Foreign Powers Fueled Nigeria’s Civil War, Elder Statesman Replies Gowon

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Elder statesman and president of the Osisioma Foundation, Dr. Chike Obidigbo, has highlighted the role of foreign powers, particularly Britain and certain corporate interests, in Nigeria’s civil war (1967–1970).

In a statement on Thursday, Obidigbo called on former Head of State, Retired General Yakubu Gowon, to use his remaining years to share the truth about the war and promote national healing.

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The statement, issued by the Osisioma Foundation, responded to Gowon’s recent public comments about the failed Aburi Accord and the civil war, which Obidigbo described as inconsistent. He stressed the need for clarity on historical events to help promote national reconciliation.

Obidigbo noted that the collapse of the Aburi Accord, a key peace agreement, was influenced by external forces.

READ ALSO:Why Aburi Accord Collapsed – Gowon

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Though Gowon may not have wanted the war, forces beyond him, particularly British and Fulani interests, compelled him to plunge the country into conflict,” he stated.

He also revealed that Britain and Shell Petroleum had made secret offers to Lt. Colonel Emeka Odumegwu Ojukwu, the then-leader of the Eastern Region, to secede from Nigeria.

Britain assured Ojukwu that they would talk Nigeria out of any plan to fight Biafra if Ojukwu agreed to secede. They even promised to pay him the huge arrears of royalties from Shell in case of any eventuality,” Obidigbo disclosed.

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He stressed the importance of historical accountability, saying, “At his age, Gowon should be telling Nigerians the truth and nothing but the truth about the war. Until he makes these facts known through public confession, his soul may not experience peace.”

READ ALSO:Biafra Civil War: You’re A Genocidist – IPOB Fires Back At Gowon

Drawing parallels with contemporary global issues, Obidigbo stated, “It is ironic that the same British that caused total genocide and blockade against Biafra are now crying out that Israel is visiting genocide on Palestinians.”

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He urged Gowon to document his experiences honestly, following the example of former Military President Ibrahim Babangida, who recently released his autobiography.

Instead of reopening old wounds, Gowon should use his remaining days to contribute to a truthful historical record that fosters national unity,” Obidigbo advised.

The elder statesman called for national reconciliation, urging leaders to prioritize peace and unity.

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Nigerians need to hear the truth about what transpired so that we can heal and move forward as a nation,” he said.

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