Govt Interventions Could Lower Dangote Petrol Price Below N600/litre – Refiners

With appropriate government interventions, the price of petrol produced by Dangote Petroleum Refinery could fall below N600 per litre, according to the Crude Oil Refiners Association of Nigeria (CORAN). Speaking to Sunday PUNCH, CORAN’s Publicity Secretary, Eche Idoko, emphasized that the current high prices, driven by the exchange rate, could drop significantly if local crude sales were pegged at N1,000 to the dollar.

Idoko explained that Dangote Refinery has been selling petrol produced from a mix of locally sourced and imported crude, with prices influenced by international market rates. However, he stressed that local refining, coupled with government measures such as selling crude in naira at a discounted rate and capping the exchange rate for these transactions, could lead to substantial price reductions.

The CORAN representative also criticized the levies and taxes imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which contribute to the high cost of fuel. He urged the government to reconsider these fees during a period of economic hardship for Nigerians.

In response to recent price announcements by the Nigerian National Petroleum Company (NNPC), which stated that Dangote petrol could sell for over N1,000 per litre in some parts of the country, Idoko reiterated that local refining and naira-based transactions are key to lowering the pump price.

Edo Governorship Race: Okpebholo Leads in Edo North, Ighodalo Ahead in Edo South as INEC Nears Full Results Upload

With over 96 percent of the results uploaded on INEC’s Results Viewing Portal (IReV), the Edo State governorship election is shaping up to be a regional contest. Senator Monday Okpebholo of the All Progressives Congress (APC) is leading in the Edo North Senatorial District, while the Peoples Democratic Party (PDP) candidate, Asue Ighodalo, is ahead in the Edo South Senatorial District. A total of 4,439 out of 4,519 results have been uploaded, with the final outcome yet to be declared.

Tight Race Between Ighodalo and Okpebholo as INEC Uploads Edo Election Results

Candidates from the People’s Democratic Party (PDP), Asue Ighodalo, and the All Progressives Congress (APC), Senator Monday Okpebholo, are in a close contest as the Independent National Electoral Commission (INEC) continues to upload results from the Edo State governorship election held on Saturday.

As of the latest update, INEC had uploaded 97% of the election results onto its Results Viewing (IReV) portal. Despite a delayed start caused by early morning rains, voter turnout across the state remained high. Preliminary results suggest a regional divide, with Okpebholo leading in the Edo North Senatorial District, while Ighodalo maintains a lead in Edo South.

The election has seen widespread reports of vote-buying, with security agencies making arrests. Both major parties have traded allegations of electoral misconduct. INEC is yet to complete the collation of final results.

Black Market Dollar to Naira Exchange Rate Today: 22nd September 2024

Today’s dollar to naira exchange rate at the black market (also known as the parallel market) is as follows:

  • Buying Rate: ₦1657
  • Selling Rate: ₦1663

These rates were reported from sources at the Bureau De Change (BDC) for Saturday, 21st September 2024.

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market and advises individuals seeking foreign exchange to approach their banks for official rates, which are:

  • CBN Buying Rate: ₦1593
  • CBN Selling Rate: ₦1594

It’s important to remember that forex rates can vary slightly depending on the location and method of exchange.

NAFDAC Launches ‘Catch Them Young’ Program to Combat Drug Abuse Among Youth

The National Agency for Food and Drug Administration and Control (NAFDAC) has introduced the “Catch Them Young” program aimed at addressing the rising issue of drug abuse among Nigerian youth, especially in secondary schools. The initiative was unveiled at Government Secondary School, Tudun Wada, in Abuja, with NAFDAC Director General, Prof. Mojisola Adeyeye, highlighting the urgency of this educational campaign.

In her keynote address, Prof. Adeyeye reported that approximately 14.4% of Nigerians, equating to around 14.3 million people, are affected by drug abuse, underlining the critical need for intervention. The program focuses on drug education and awareness, promoting informed decision-making among students regarding legal and illegal substances.

“Drug addiction can arise from both prescribed medications and illicit drugs,” she warned, emphasizing the importance of open discussions rather than fear-based messaging. The program aims to provide students with the knowledge needed to navigate the risks associated with drug use, including commonly abused substances like alcohol, tramadol, and prescription medications.

Adeyeye pointed out that drug abuse can lead to severe societal impacts, including academic decline and mental health issues. She urged students to resist peer pressure and seek help if they are struggling with substance use.

Teachers are also being called to play a vital role in this initiative by creating a supportive environment for students. They are encouraged to identify behavioral changes and collaborate with parents to address concerns related to drug use.

In addition to the educational efforts, NAFDAC plans to expand its Consumer Safety Club in schools to combat counterfeit drugs and promote overall drug safety.

Prof. Adeyeye concluded by urging students to be proactive in making responsible choices, reinforcing their capacity to be agents of change in their communities.

Jackson’s Double Leads Chelsea to 3-0 Victory Over West Ham

Nicolas Jackson powered Chelsea to a dominant 3-0 win over West Ham at the London Stadium on Saturday, as the Senegalese striker scored twice in the first half. Jackson, who has now netted four goals in six matches this season, was Chelsea’s first-choice striker despite calls for Christopher Nkunku to start following his decisive goal last week.

Chelsea controlled the game from the start, with Jackson scoring his first just four minutes in, followed by a second in the 18th minute. Cole Palmer sealed the victory early in the second half, as Chelsea secured their third Premier League win under new manager Enzo Maresca.

West Ham’s poor start to the season continued, with new boss Julen Lopetegui under pressure after suffering three straight home defeats. Despite promising signings, West Ham struggled to match Chelsea’s intensity and were booed off by frustrated fans.

Chelsea’s win keeps them in strong form, with Maresca emphasizing the importance of their progress and hinting at their potential to become top-four contenders after disappointing finishes in previous seasons.

Human Rights Group Sues Federal Government Over Benue IDP Crisis

Lawyers Alert, a prominent Nigerian human rights organization, has taken legal action against the Federal Government and the Attorney-General of the Federation at the Federal High Court in Makurdi, Benue State. The lawsuit addresses the ongoing humanitarian crisis affecting internally displaced persons (IDPs) in the region, with the goal of securing better protection and facilitating the return of displaced citizens to their homes.

The lawsuit argues that the government has failed to uphold its constitutional obligations to safeguard the lives and dignity of vulnerable groups in the camps, many of whom face poor living conditions and increased security risks.

Seyi Tinubu Leads Humanitarian Relief Efforts for Maiduguri Flood Victims

In response to the devastating floods in Maiduguri, Seyi Tinubu, Yinka Tinubu, and the Noella Foundation, alongside their associates, have sent 50 medical doctors and relief supplies to aid displaced persons and flood victims in Borno State. During the visit, Seyi Tinubu emphasized their commitment to continuous support as the region recovers.

The relief efforts include donations of food items like rice, spaghetti, and bread, alongside essential medical supplies, including antimalarial drugs and antibiotics. Borno State Governor Babagana Zulum expressed his gratitude for the prompt and comprehensive aid.

INEC Begins Uploading Edo 2024 Election Results to IReV Portal

The Independent National Electoral Commission (INEC) has started uploading results from the September 21, 2024, Edo State governorship election onto its Result Viewing Portal (IReV). As of 4:12 PM, 50.67% of the results—2,439 out of 4,519 polling units—had been uploaded.

Edo Resident Electoral Commissioner, Anugbum Onuoha, confirmed that election results will be transmitted electronically, with the only potential obstacle being poor network connectivity. INEC has deployed 4,622 Bimodal Voter Accreditation Systems (BVAS) across the state’s polling units, with 660 backups prepared to ensure smooth operation.

Onuoha emphasized that the BVAS will be used to accredit voters and determine turnout before results are counted and uploaded to the IReV portal, reaffirming INEC’s commitment to delivering a transparent and credible election.

Re-Nigeria’s Slave Call By China

Chinese President Xi Jinping (L) and President Bola Tinubu during President Tinubu’s visit to Beijing, China on Tuesday.

The article under the above title published by Monima Daminabo, a regular columnist of the weekend title of the Media Trust Group, is curious, not only because it greatly exerted itself to undermine the outcomes of the recently concluded summit of the Forum on China-Africa Cooperation, (FOCAC) held in Beijing but because it is largely riddled with inaccuracies and innuendos. Without the slightest exertion of a columnist of such credible and widely respected newspaper, Mr. Daminabo thrilled himself that “given that plunder of the African continent is the name of the game for China”, it evokes his concerns “that every three years, China summons all African countries to Beijing, in a seeming slave call and under the bogus auspices of FOCAC.”

For a start, Africa and China and importantly Nigeria have had vigorous cooperation culminating in high level exchange of visits, including the visits of former Chinese presidents, Jiang Zemin (2002), Hu Jintao (2006) to Nigeria and also former Nigerian presidents- Olusegun Obasanjo,  Umaru Yar’ adua, Goodluck Jonathan and Muhammadu Buhari, visiting China at various times.

The Forum on China-Africa Cooperation (FOCAC) founded in 2000 and held its first ministerial meeting in Beijing in October, the same year, was a culmination of broad cooperation between the two sides. It was actually, some African countries, with the experience of multilateral engagements with such frameworks as TICAD (Japan and Africa), the European Union – Africa that suggested a multilateral institutional mechanism for Africa and China. The Chinese foreign affairs ministry took the suggestion very serious and the rest is history.

Contrary to Mr. Daminabo’s insinuations of “summons of Africa to Beijing”, the ministerial conference venues of FOCAC has rotated between China and Africa countries. Just to take a few, the second summit was held in Johannesburg, South Africa 2015, with the 3rd summit in Beijing in 2018 and the 8th ministerial conference was held in Dakar, Senegal even amidst COVID-19 pandemic in 2021. The 9th ministerial conference which was upgraded to summit held this month in Beijing and without doubt, the next in 2027, will take place in any of the 53 countries in Africa. Without delving into the substance of the FOCAC, which is the main issue, how would any commentator fairly familiar with the subject of his commentary brand the 9th ministerial conference, which was upgraded to summit and held early this month, “summon” or “a slave call”?

On the charge of neo colonial intrigues, China has fundamentally no aspiration to such practice. From the hallowed rostrum of the United Nations in 1974, the then vice premier, Deng Xiaoping told the global audience that “If one day China should change her colour and turn into a super power, if she too should play the tyrant of the world, and everywhere subjects others to her bullying, aggression and exploitation, the people should identify her as social- imperialism, expose it, oppose it and work together with the Chinese people to overthrow it”.

The FOCAC platform is essentially a process of consultations and dialogue, and far from been an empty chatter, is a vigorous mechanism that has over the years delivered tangible outcomes to both sides. In 2017, a top U.S management consortium, Mckinsey & Co published a report titled “Dance of the lions and dragons: how are Africa and China engaging and how will the partnership evolve”. According to the report it “evaluated Africa’s economic partnership with the rest of the world across five dimension: trade, investment stock, investment growth, infrastructure financing and Aid. China is in top four partners for Africa in all these dimensions. No other country matches this depth and breadth of engagement”.

The columnist claimed “the unrelenting assault by the Chinese on Nigeria’s local enterprise, jobs and resources” as of his “immediate concern”. Yet his fathom “concerns” did not lead him to find out that of nearly one hundred Chinese enterprises operating in Nigeria, more than 300,000 Nigerians have gained employment in these enterprises. Some of the leading Chinese enterprises have scaled up the skills of young Nigerians in preparing for higher responsibilities. Repeating old and discredited clichés about Africa-China cooperation and its important track of Nigeria-China cooperation is to fall into the trap of those who want to see and maintain Africa as only a theater of humanitarian tragedies.

Nigeria’s participation at the recently concluded FOCAC summit with 13 agreements signed in various sectors relevant to Nigeria’s economic recovery and sustainable development has been rightly described as a momentous and historical new starting point. The investiture of this cooperation as “comprehensive strategic partnership” is not mere rhetoric and the document setting out the new era framework of the two countries bilateral relation is very clear on the tangible outcomes, it vowed to achieve. Meanwhile, the freshly arrived Chinese Ambassador to Nigeria, Mr. Yu Dunhai has vowed to work assiduously to ensure implementation of the mutual agreements between the two countries and help Nigeria realise the agenda of the President Tinubu government.

Columnists should hold the two countries accountable to their mutual commitment and possibly draw their attentions to any lapses in schedules and timelines.

To be clear, Nigeria-China and more broadly China-Africa cooperation is not a package of finished product but a work in progress that may even encounter difficulties which can only be resolved by more cooperation and not less. It is not for nothing that African leaders take the FOCAC process very serious. It supports the historic Pan-African vision of a continent that trades and engages more with itself as foundation for engaging the rest of the world. And the central theme in this endeavor is connectivity and China brings a considerable quantum of it both within and across countries in Africa.