Skip to main content

Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...

Niger-AEDC:' You are embarrassing the state govt


By Akinola Ajibade
Abuja Electricity Distribution Company (AEDC) is embarrassing the Niger state government, by disconnecting light to its state house, secretariat, general hospital,  and the office to the Secretary to the government over N1.3billion debt.
This follows the decision by AEDC to disconnect government house, ministries, departments and agencies, including the Minna General Hospital due to non-payment of N1.3billion accumulated bills accumulated by the government.
The firm's regional Public Relations Officer, Alhaji Mohammed Adamu,explained that the state government defaulted after initial agreement to offset outstanding sum running into several billions of Naira.
However,Secretary to the State Government (SSG), Alhaji Ibrahim Ahmed Matane in an interview, said AEDC is merely trying to embarrass everyone because the state government have not defaulted in paying monthly N57 million as agreed.
“The AEDC is claiming that the government is indebted to the tune of, N1.3 billion, but again have failed to also let the public know about the one we paid over a period of time. I think they are just out to embarrass everybody by going out and cutting lights just like that”.
Matane said the government will continue to handle the issue of the AEDC with maturity, adding however that he sees no reasons why the company still go ahead to embarrass the state government by throwing the entire government facilities in darkness.
On what the government has done to remedy the situation, Matane said,:“We have been dialoguing with them, even yesterday (Saturday), we met and still talking. But you see they just went to town to embarrass everybod.The average consumption monthly according to the AEDC is estimated at about N70 million, for all the disconnected facilities but based on agreement the state government have been paying N57 million monthly and have not defaulted.
“Even in the court of law, debts with mutual agreement on mode of payments is allowed or acceptable and we agreed with them on how we will be paying, but like I said, as a government we still maintain this gentleman approach to handling the issue”.

Comments

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 C...

Oil Block: Why Fed Govt Prioritises Production Bonus To Attract Local & Foreign Investors

Oil Blocks: Why FG Prioritizes Production Bonus to Attract Local and Foreign Investors By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied on a high signature bonus, which refers to a single, non-recoverable lump sum payment made upfront by oil companies for their rights to develop oil blocks, as an option for maximizing revenue generation, thus discouraging investors with limited resources from bidding. Currently, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC which regulates activities in the nation’s oil and gas industry, has removed all entry barriers to attract massive investments. This strategy aims at growing oil and gas production, enhancing Nigerian Content Development, attracting Foreign Direct Investment, contributing to l...

Axella Plans To Deepen Gas Utilisation in Nigeria

Axella' s Director of Business Development, Mr Franklin Imole By Favour  Ifeoluwa & Akinola Ajibade Axella's Gas Processing Plant announces Final Investment Decision ( FID) to develop a 50 MMASCF/D Gas Processing Plant, with h a view to deepen utilisation of gas  in the country. The firm, which is situated  in 0ML 56 in Delta State,  said that its making strategic investment in order to ensure that gas is available for industrial use in Nigeria. Situated in  Delta State, Southern Nigeria and billed to commence operation by the end of 2024, the facility, Axella' said, boasts of 12 MMSCF  Modular Plant with an interconnection pipeline network of about 4kilometres alongside other ancillary infrastructure. The facility, the company added, is expected to commence operation by the end of this year. Speaking on the plant ,  Axella's  Director of Business Development, Franklin Imole said: " As the Federal Government continues to pursue its...