NNPCL: Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise (CPPE), has raised concerns over NNPCL’s lack of enthusiasm towards the Dangote Refinery, calling the situation “worrisome.”

During an appearance on Channels Television’s Business Morning, Yusuf highlighted the Nigerian National Petroleum Company Limited’s (NNPCL) reluctance to load petrol from the Dangote Refinery as a significant issue.

He expressed concern that NNPCL has shown minimal excitement towards this major project, which could play a pivotal role in Nigeria’s economy. “It is strange that the NNPCL isn’t showing the expected excitement. Their body language and lack of proactive engagement is troubling,” Yusuf commented.

Delayed Petrol Supply from Dangote Refinery: NNPCL’s Lack of Enthusiasm

Yusuf also pointed out the unexplained delay in NNPCL’s move to start purchasing petrol from the Dangote Refinery, noting that despite the refinery’s readiness, NNPCL has opted to continue importing fuel.

“Why would NNPCL go back to imports when we have the refinery ready with supply? Something doesn’t add up here,” he said.

The decision to ignore locally refined products could be driven by self-interest, Yusuf suggested, warning that this might hinder the nation’s economic progress. He emphasized that the localisation of oil transactions would be a game-changer for Nigeria’s macroeconomic stability.

Call for Localisation of Oil and Gas Transactions

Yusuf recommended that oil and gas transactions be localised, which would conserve foreign exchange, create jobs, and improve transparency in the domestic oil industry.

“Localising fuel supply with the Dangote Refinery can significantly reduce pressure on our exchange rates and strengthen reserves,” Yusuf added.

He urged government authorities to intervene and ensure that NNPCL fully supports the refinery for the benefit of the Nigerian economy.

Source: ChannelsTv

Last Updated on September 9, 2024 by news

Obidient Movement Registration: The Obidient Movement, spearheaded by Yunusa Tanko, is preparing to launch formal registration for both members and new entrants. This movement, focused on good governance, was founded on the principles preached by Peter Obi, the Labour Party candidate in the 2023 elections.

Speaking on Channels Television’s Sunrise Daily, Tanko revealed that the Obidient Movement aims to create a formal structure for better member identification.

He announced that registration will begin within a few months, allowing them to know where members are and what they do. Tanko emphasized the movement’s core values of fairness, equity, and citizen engagement, aiming to build a united and respected Nigeria.

Good Governance and Fairness in Focus

Tanko, who was recently appointed as the National Coordinator of the Obidient Movement by Peter Obi, explained that anyone who believes in good governance naturally identifies with the movement.

He stressed that the Obidient Movement is inclusive, although many members are affiliated with the Labour Party, it extends beyond party lines.

The movement, which has gained significant traction, seeks individuals who have the capacity to engage formally. Tanko also highlighted that discussions are ongoing regarding the membership fee for joining the movement.

Comparisons with Other Movements

When asked if the Obidient Movement is similar to the Kwankwasiyya movement, Tanko stated that the level of acceptance for the Obidient Movement is far greater.

He credited the Labour Party members for their contributions but reiterated the movement’s broad appeal.

In conclusion, the Obidient Movement remains focused on promoting good governance and citizen participation, aiming to create a more equitable and fair Nigeria.

Source: ChannelsTv

Last Updated on September 9, 2024 by news

The Nigerian Federal Government has introduced a new initiative to reduce food prices by selling rice at a subsidized rate. However, this opportunity is exclusively available to Nigerians with National Identification Numbers (NIN).

Government Launches Rice Sale to Control Food Prices

The Federal Government of Nigeria has announced the commencement of a significant rice sale, aimed at stabilizing the food market. Only Nigerians with valid NINs are eligible to purchase this subsidized rice.

The sale involves 30,000 metric tonnes of milled rice, priced at ₦40,000 per 50kg bag.

Purpose of the Rice Sale

The Minister of Agriculture and Food Security, Abubakar Kyari, emphasized that this move is designed to combat food price inflation and prevent racketeering.

Representing President Bola Tinubu, Kyari highlighted that the intervention will be strictly limited to “one bag per person,” ensuring equitable distribution.

Details of the Subsidized Rice Distribution

Kyari detailed that the rice is part of the federal government’s broader strategy to address the current food crisis. He urged citizens to support the initiative, noting that the sale aims to ease the burden of high food costs.

The government’s goal is to make a substantial impact by introducing this 30,000 metric tonnes of rice into the market.

Efforts to Mitigate Food Crisis

Kyari acknowledged the contributing factors to food price hikes, including the COVID-19 pandemic, the Russia-Ukraine conflict, and climate change.

The initiative is part of the government’s efforts to mitigate these challenges and ensure food security for all Nigerians.

Process for Purchasing Subsidized Rice

To purchase the rice, individuals must present their NIN and phone number at the point of sale. This process is designed to prevent fraud and ensure transparency.

The NIN will be logged into the system, generating a code and a Treasury receipt for the buyer.

Ensuring Fair Distribution

The government has implemented measures to guarantee that the rice reaches those in need. By restricting purchases to one bag per person and verifying identities, the initiative aims to avoid misuse and ensure that the benefits are widely distributed.

Conclusion and Future Expectations

The rice sale is expected to significantly reduce rice prices and benefit Nigerians across the country. The government encourages everyone to participate in this initiative, which is part of its broader commitment to enhancing food security.

FAQs

1. Who can purchase the subsidized rice? Only Nigerians with a valid National Identification Number (NIN) can buy the rice.
2. How much does the rice cost? Each 50kg bag of rice is priced at ₦40,000.
3. What is the total quantity of rice available for sale? The Federal Government is selling 30,000 metric tonnes of rice.

References:

• Federal Government Announces Rice Sale
• Minister Abubakar Kyari’s Statement

Source: ChannelsTv

Last Updated on September 6, 2024 by news