Skip to main content

"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
Post a Comment

Port Harcourt, adjoining towns may run out of fuel this Friday- PETROAN's President



By Akinola Ajibade

Indications emerged that businesses and individuals in Rivers state, especially Port Harcourt are going to feel the weight of the lingering fuel scarcity before the close of works tomorrow, Friday, as outlets are running out of the products. 
The News Mirror investigation reveals that retailers are still dispensing fuel albeit gradually in the Garden City and that they may run out of Petroleum Premium Spirit (PMS) soon, unless drastic efforts are made by the Nigerian National Petroleum Company ( NNPC) Limited and Petroleum Products Marketing Company ( PPMC) to supply them fuel.
Confirming the development, the President, 
Petroleum Products Retail Outlets Owners Association of Nigeria( PETROAN), Mr Billy Gills told the News Mirror that fuel is still much available in Port Harcourt and that outlets would run our of stock latest this Friday.
Gills, who  said that he was on tour of Port Harcourt at the time of speaking with the medium, stressed that fuel marketers are almost run of stock in the Rivers state capital.
He said: " Marketers are still selling fuel in Port Harcourt. They are mostly members of PETROAN since they buy fuel from PPMC. In Port Harcourt today, one can drive to any to any detail outlets and buy petrol. 38 per cent of the filling stations are having fuel, which they get from PPMC, while the remaining 62 per cent of marketers get fuel from other sources." 
Continuing further, Gills said that fuel is being dispensed at N165 per litre by his members, since they got supplies from PPMC
He said that those marketers who get fuel from PPMC have been instructed not to sell fuel beyond the regulated price of N165 per litre.
"PETROAN is happy that those marketers or better puts retailers are law abiding, as they are not flouting the rules and regulations of the government. They are not mostly  driven by profits, as their goal is to meet the expectations of the customers" Gills added.
He, however, said that depots owners are buying fuel at a much higher prices, a development, which made them to dispense the product above the official price of N165. 
" Marketers, Gills said, who are getting fuel from secondary sources, not PPMC, are selling beyond  N165.  May be N167 to N170. Some are even selling fuel to motorists above N170 since they pay more charges in the course of moving fuel to their base. They pay for transportation among others..
Apparently supporting their decision to dispense at prices that are beyond govt regulated ones,  Gills said that anybody, who buy fuel at a higher price would automatically sell it accordingly.
He said that members of PETROAN own some outlets in Lagos, Abuja and other states, stating that they are selling fuel at N165 per litre.
On solution to fuel scarcity, he said that the Federal Government through NNPC and its subsidiary( NNPC) are working to normalise supply of fuel nationwide.
" I cannot say exactly the date, when fuel would be maximally available in the country. All I can say is that efforts  are on going on the matter" he said.




Comments

Post a Comment

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first Chairman of Pineapple Estate, Ikorod
1 comment
Read more

NNPC Completes Mechanical Rehabilitation of Port Harcourt Refinery Plant

By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company (NNPC) Limited, says that it has mechanically completed the rehabilitation of Area 5 Plant of the Port Harcourt Refining Company (PHRC). The nation's oil company began rehabilitation of the refinery two years ago, while at the same time, promised to complete its by 31st December 2023. The Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed. “In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated. The GCEO commended NNPC's staff and the EPCIC contractors for doing a g
Post a Comment
Read more

Fed Govt Commences New VAT Sept 1

By Favour & Akinola Ajibade Buoyed by the resolve to deepen the country's revenue base and further and further speed up implementation of capital projects in Nigeria, the  Federal Government will in the next six days, precisely September 1, this year, starts collecting the  new Value Added Tax( VAT).  The government is achieving  this goal through the Federal Inland Revenue Service(FIRS).  FIRS, in a statement,  said subject to the Finance Act 2023, VAT withheld or collected, VAT on items excluded from building, the new Tertiary Education Tax rate of 3 per cent and Investment Allowances and Convertible Currencies will become effective September 1, 2023. Certain amended provisions of the Finance Act 2023 were enacted on 28th May, 2023 with the effective date of 1st May 2023. However, the effective date was changed to 1st September 2023. Some of the amended Sections are 14 (3) which deals on VAT Withheld or Collected. The VAT Act was amended to the effect that persons
Post a Comment
Read more