NNPCL Begins Petrol Lifting Operations from Dangote Refinery

The Nigerian National Petroleum Corporation Limited (NNPCL) has officially commenced the lifting of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Refinery in Ibeju-Lekki, Lagos. Over the weekend, the first batch of petrol was loaded onto over 100 NNPCL trucks, marking a significant milestone for the refinery’s operations.

A video shared on Dangote Group’s verified X page confirmed the initiation of the petrol lifting process.

This development follows an announcement by Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS) and a member of the Presidential Committee on the Sale of Crude Oil and Refined Products, who stated that NNPCL will be the sole buyer of petrol from the Dangote refinery. Other products, such as diesel, can be lifted by independent off-takers.

Starting October 1, NNPCL will begin purchasing crude oil from the Dangote refinery in Naira.

However, despite this progress, there remains uncertainty about potential changes in petrol pump prices, as neither NNPCL nor Dangote has provided details on the pricing structure for the newly lifted petrol. Market observers and consumers are waiting for further updates.

Miracle Cures and Spiritual Remedies Overtake Medical Treatments in Nigeria

An alarming trend has emerged in Nigeria where many citizens are abandoning conventional medical treatments in favor of miracle cures and spiritual remedies. This shift has contributed to preventable deaths and worsened health outcomes across the country.

A case in point is the tragic story of Ibrahim Adeogun, a man diagnosed with high blood pressure who died after his fiancée, Mary, substituted his prescribed medication with “miracle healing water” given by her pastor. Despite his worsening condition, Mary continued to rely on the spiritual remedy, leading to Adeogun’s death when it was too late for doctors to save him. His family laments that he could have been saved had he continued his medical treatment.

Such stories are not isolated. Both rural and urban Nigerians, including educated individuals, are increasingly turning to spiritual healers who promise cures for serious illnesses like cancer and HIV/AIDS using “holy” water, oils, and powders. These remedies are often ineffective, with some even containing harmful substances, yet they are sold at high prices by self-proclaimed healers.

Dr. Solomon Olorunfemi, a public health expert, stressed that the rise of spiritual healers and miracle cures is exacerbating Nigeria’s high mortality rates. He called for increased public awareness and better regulation of miracle healers, while emphasizing that spirituality should complement medical treatment, not replace it.

As the healthcare system struggles with accessibility issues and high costs, the lure of quick, seemingly divine solutions continues to grow. However, experts agree that only by improving health-seeking behaviors and fostering trust in conventional medicine can the country begin to tackle its rising mortality rates.

Obaseki Declares Edo Governorship Election a ‘Do or Die’ Battle

Governor Godwin Obaseki has declared the upcoming September 21 Edo governorship election as a “do or die” affair, following the Peoples Democratic Party’s (PDP) refusal to sign the Peace Accord. Obaseki expressed concerns over the involvement of police, whom he accused of working for the All Progressives Congress (APC) and arresting PDP members without evidence.

During a meeting with former military Head of State Abdulsalami Abubakar, Obaseki alleged that the APC plans to use federal power to influence the election outcome. At the grand finale of the PDP’s campaign, he urged voters to choose the PDP candidate, Asue Ighodalo, warning against insecurity and poor leadership.

Meanwhile, top APC leaders, including Vice President Kashim Shettima and Senate President Godswill Akpabio, were present for the grand finale of Senator Monday Okpebholo’s campaign in Edo State.

Cocoa Prices Plunge in Taraba, Farmers Struggle with Middlemen

The price of cocoa in Taraba State has dramatically dropped from ₦900,000 to ₦300,000 per 100kg bag, leaving local farmers at a loss. According to Aaron Johnson, a cocoa farmer in MayoSelbe, Gashaka LGA, the farmers are unaware of the actual market value and depend heavily on middlemen to sell their produce.

Johnson explained that farmers had heard of the high prices a few months ago in Kurmi LGA, but when middlemen arrived, they informed farmers that the price had fallen to ₦300,000. With no other options, the farmers were forced to sell at the lower rate.

He also highlighted that Gashaka LGA has the capacity to produce large quantities of cocoa annually but faces challenges related to market access and incentives.

SERAP Sues Tinubu Over Petrol Price Hike and NNPCL Corruption Allegations

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu for his failure to reverse the recent petrol price hike and to investigate alleged corruption within the Nigerian National Petroleum Company Limited (NNPCL). The suit, filed at the Federal High Court in Abuja, also names the Attorney General of the Federation, Lateef Fagbemi, SAN, and the NNPCL as respondents.

SERAP is urging the court to compel Tinubu to reduce the price of petrol from ₦845 to ₦600 per liter and to probe allegations of corruption involving a $300 million bailout fund and a $6 billion debt owed to suppliers by the NNPCL. A hearing date has not yet been set.

Dr. Bello Matawalle: Digitising Nigeria’s Military Pensions Verification Process

For decades, Nigeria’s retired military personnel have been compelled to travel hundreds, sometimes thousands, of kilometers—particularly for those abroad—merely to fulfill the annual requirement of verifying their identities at the Military Pensions Board. This antiquated system, both costly and time-consuming, has placed an undue strain on the lives and resources of Nigeria’s veterans.

The Nigerian Military Pensions Board, the institution tasked with managing retirement benefits for military retirees and administering death benefits to their next of kin (NOK), has long relied on physical verification exercises to validate the status of eligible pensioners within its database.

Historically, these verification exercises required veterans or their NOK to appear in person at designated centers for authentication.

A turning point came just a few months ago. Under the stewardship of Dr. Bello Matawalle, the Nigerian Military Pensions Board (MPB) introduced a fully digitized system for the verification of military pensions. This modernization allows for seamless, electronic verification of pensioners, whether they reside within Nigeria or abroad, using secure identification such as international passports, National Identity Numbers (NIN), or driver’s licenses.

This initiative represents a watershed moment in ensuring the continued welfare of Nigeria’s veterans.

By transitioning to a digitized system, Dr. Matawalle has not only mitigated the physical and financial toll once imposed on veterans and their families but also eradicated the need for arduous travel to verification centers. Pensioners can now complete the verification process from the comfort of their homes, regardless of their geographic location.

This digital transformation brings unparalleled convenience and accessibility. Veterans can now authenticate their status with ease, from any corner of the globe, obviating the risks associated with long-distance travel.

Beyond convenience, this overhaul results in significant savings in both time and resources. Veterans once burdened by exorbitant airfare and accommodation costs to fulfill their obligations now find their finances preserved.

Equally important, the new digital process curtails human error, ensuring the accuracy of pension records nationwide. It ensures the use of robust, secure identification methods that significantly reduce the risk of fraud, guaranteeing that only eligible beneficiaries receive their entitlements.

In an era where efficiency and security are paramount, Dr. Matawalle’s reforms exemplify the promise of technology in public administration. By embracing digital innovation, the Military Pensions Board has not only streamlined a burdensome process but also reinforced the dignity of Nigeria’s veterans, ensuring they are accorded the respect and ease of service they deserve in retirement. This is a model of modern governance that other sectors would do well to emulate.

Nathaniel C. Adoji writes from Kaduna

Lagos Drivers Rush to Conversion Centers as CNG Initiative Gains Momentum

Dozens of commercial drivers in Lagos are flocking to various conversion centers across the state to switch their vehicles from petrol-powered engines to compressed natural gas (CNG). This surge follows the Presidential Compressed Natural Gas Initiative (PCNGi), which distributed conversion kits to states as part of a broader effort to alleviate the financial strain of fuel price hikes on Nigerians.

The initiative aims to convert 10,000 vehicles nationwide, with drivers encouraged to take advantage of the free conversion program at authorized centers. In Lagos, six centers are actively retrofitting vehicles, including taxis and buses operated by the National Union of Road Transport Workers (NURTW).

At the Portland Conversion Centre in Ojota, about 30 vehicles were waiting to be converted. Drivers like Ayodele Jeleel, a member of the NURTW, expressed enthusiasm about the switch, noting that CNG is significantly cheaper than petrol, reducing daily fuel costs from ₦40,000–₦45,000 to just ₦5,000–₦6,000.

The program also promises to lower transportation costs for the public, with drivers like Jeleel pledging to reduce fares once their vehicles are converted. The conversion process, which takes about four hours, is being carried out by teams of engineers and electricians at the centers.

Michelle Ejiofor, Chief Operating Officer of Portland Gas Limited, emphasized that CNG is not only more cost-effective but also cleaner for the environment. She confirmed that 50 kits had been allocated to the center, with conversions offered on a first-come, first-served basis.

PCNGi’s Commercial Operations Manager, Omoh Imoukhuede, affirmed that the CNG initiative is here to stay, with 1,000 kits already distributed across key states including Lagos, Ogun, Kaduna, Oyo, and Abuja.

Tinubu Set to Return to Nigeria After Official Visits to China and UK

President Bola Ahmed Tinubu is scheduled to return to Abuja on Sunday following his official visit to China and a brief stay in the United Kingdom, according to Mr. Bayo Onanuga, Special Adviser on Information and Strategy.

During his visit to China, which commenced on September 2, Tinubu met with President Xi Jinping and signed five Memoranda of Understanding (MoUs) covering areas such as nuclear energy cooperation, human resource development, media exchange, and infrastructure projects. His stop in London included a meeting with King Charles III to discuss climate action.

Marketers Urge Direct Access to Dangote Refinery Petrol Amid NNPC Monopoly Concerns

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for direct access to petrol from the Dangote Refinery, opposing the Nigerian National Petroleum Corporation’s (NNPC) control over the market. IPMAN’s National Publicity Secretary, Chinedu Ukadike, emphasized that the market should operate on a willing-buyer, willing-seller basis, ensuring fair competition.

Despite earlier claims that NNPC was not the sole buyer, the Federal Government, through Finance Minister Wale Edun, confirmed that NNPC is now the exclusive purchaser. This decision has raised concerns among marketers about the risk of creating a domestic monopoly.

Black Market Dollar to Naira Exchange Rate for September 15, 2024

As of September 15, 2024, the exchange rate for the dollar to naira at the Lagos parallel market (black market) is N1665 for buying and N1670 for selling.

The Central Bank of Nigeria (CBN) does not endorse these rates and directs individuals to use banks for Forex transactions.

Black Market Rates:

  • Buying Rate: N1665
  • Selling Rate: N1670

CBN Rates:

  • Buying Rate: N1645
  • Selling Rate: N1646

Note that actual rates may vary from those reported due to fluctuations in the market.