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Fuel Scarcity Hits Lagos, Kano, and Other Parts of Nigeria

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Long queues and fuel scarcity have begun to plague various parts of Nigeria, according to reports.

Across major cities such as Lagos, Kano, and Abuja, it has been observed that most fuel stations are either not dispensing fuel or are experiencing extended queues of vehicles.

In Kano State, commuters feel the pinch as commercial transport fares have surged due to the increased fuel prices. Signs of fuel scarcity started to emerge a few days ago, and it is now evident as many filling stations in Kano State have closed down, causing the pump price to rise.

Only a few filling stations are operational, but they are dealing with long queues. The price of fuel in these operational stations has surged to between N640 and N660 per liter, compared to the initial range of N615 to N620.

Tricycle operators, like Usman Umar, are concerned that they may have to halt their operations because people can hardly afford the elevated transport fares. Aminu Bala, a car owner, has already parked his car and opted for a motorcycle due to the high fuel prices.

Alhaji Gana Girgir, Chairman of the Independent Petroleum Marketers of Nigeria (IPMAN) in Kano, explained that many marketers had to close down their operations because of the recent increase in the landing cost of petrol and the surge in diesel prices.

In Lagos State, many major filling stations in the Ikeja metropolis are not selling fuel due to a supply disruption across the state.

Akin Akinrinade, Chairman of the Independent Petroleum Marketers’ Association of Nigeria (IPMAN) at Ejigbo Satellite Depot, stated that the main depot supplying IPMAN has not been dispensing fuel for close to three months. He cited this as a result of the main supplier’s inactivity and the inability to approach private depots due to their pricing.Meanwhile, independent oil marketers are requesting that the federal government grant qualified members access to official foreign exchange to import fuel. They argue that this would enable them to compete fairly with the Nigerian National Petroleum Corporation Limited (NNPCL) and break its monopoly.

Independent marketers have been operating at a loss at the current government-fixed fuel pump price. The NNPC is currently the sole company importing fuel into the country, even though the government has issued licenses to private companies. Access to the official exchange rate is currently limited for independent marketers, and the insufficient supply of dollars through the Investors’ and Exporters’ (I&E) window is exacerbating the issue. Additionally, freight costs pose a challenge, as the Nigerian Port Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) require payments in dollars.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) organized a meeting in Abuja to address these issues, seeking input from all relevant stakeholders in the oil industry to ensure fuel availability in the country.

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Nnamdi Kanu seeks negotiation with FG over trial

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Nnamdi Kalu
– Nnamdi Kanu seeks negotiation with FG over ongoing trial
– Kanu’s lawyer moves two applications before the Federal High Court
– FG’s counsel says defendant should approach Attorney General for negotiation

Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), has expressed willingness to negotiate with the Federal Government over his ongoing trial.

Through his counsel, Alloy Ejimakor, Kanu informed the Federal High Court in Abuja of his intention to seek negotiation under Section 17 of the Federal High Court Act.

Ejimakor had earlier moved two applications before the court, including one objecting to the jurisdiction of the court. If the applications are denied, Kanu’s lawyer plans to invoke Section 17, which promotes reconciliation and amicable settlement among parties.

Meanwhile, the Federal Government’s counsel, Adegboyega Awomolo, stated that the defendant should approach the Attorney General of the Federation for negotiation.

Justice Binta Nyako, the presiding judge, clarified that the court’s role is to hear cases, not to solicit negotiations. Kanu has been in DSS custody since June 2021, facing terrorism-related charges levelled against him by the government.

His lawyer’s latest move may signal a potential shift in the case’s trajectory.

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30,000 Students to Benefit from FG’s Interest-Free Loan Scheme

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– Over 30,000 students selected for federal government’s student loan scheme
– Scheme aims to support underprivileged students in pursuing higher education
– Loan is interest-free and does not require a “godfather”

The federal government’s student loan scheme has selected over 30,000 students to benefit from the initiative.

This was announced by Senate President Godswill Akpabio during a visit to the Nigeria Institute of Legislative and Democratic Studies in Abuja.

Akpabio praised the student loan bill, signed into law by President Bola Tinubu, for enabling vulnerable Nigerian students to access higher education without financial burdens.

He expressed his personal admiration for the bill, stating it is one of the most important bills passed by the 10th National Assembly.

The Nigerian Education Loan Fund (NELFUND) has assured the public that every eligible Nigerian student will benefit from the interest-free loan program.

Thee application process will be open, fair, and transparent, without requiring a “godfather,” according to Dr. Fred Femi Akinfala, NELFUND’s Executive Director of Finance and Administration.

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