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Exchange rate is affecting importation of petroleum – Marketers

It has been gathered that the independent oil marketers have not been fully incorporated into the business of importing petrol due to their inability to access foreign exchange.

Dealers stated that since the downstream oil sector was deregulated in March this year, the Nigerian National Petroleum Corporation had remained the major importer of PMS into the country.

It was gathered that although some big players made imports in previous months, a large majority of marketers had yet to resume petrol importation due to the inaccessibility of the dollar.

The international petrol business is largely run in dollars and accessing the greenback had not been easy due to the fluctuation of the naira against the dollar for months now, the marketers said.

Asked whether oil marketers had resumed the importation of petrol, the National President, Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, replied, “How can we import when we do not have access to forex?”

He told our correspondent in Abuja that independent oil marketers had always been ready to import petrol, not just only few major marketers and the Pipelines Products Marketing Company, which is the downstream subsidiary of NNPC.

“We have storage tanks everywhere and so we can import but the problem here is that at what amount are we going to access the dollar?” Gillis-Harry asked.

He added, “How are we sourcing it, are we to source it at the black market rate? Or are we sourcing it at the CBN (Central Bank of Nigeria) rate?”

When told that the Petroleum Products Pricing Regulatory Agency had said it would ensure that marketers access forex at the same rate with the NNPC, Billy-Gillis said many dealers had yet to receive any correspondence on that.

The PPPRA Secretary, Abdukadir Saidu had observed in the past that the deregulation of the sector came with its pains.

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Petroleum marketers want full deregulation of downstream sector -DAPPMAN

In a statement on Sunday, Winifred Akpani, DAPPMAN chairman, urged the federal government to take a step further by fully deregulating the downstream sector to allow the sector enhance economic growth.

The government, in March, introduced a price modulation policy where international product prices and associated landing costs in Nigeria are used as input in the determination of final pricing to the local market by the government through the Petroleum Products Pricing Regulatory Agency (PPPRA) and disclosed periodically.

Commending the government for consistently seeking ways to reposition the sector for effectiveness and profitability, Akpani said DAPPMAN remained in full support of the implementation of a fully deregulated regime which will make the downstream sector’s operations more seamless, enhance transparency, competitiveness and sustainable growth.

DAPPMAN is mindful of the commitment of the government and the functional organs managing the sector to ensuring value to every Nigerian and we salute them for this as we are indeed up against uncertain times,” she said.

“However, we believe that full deregulation of the sector remains the most viable option for Nigeria to effectively navigate this period and ultimately safeguard the future of our economy and wellbeing of 200 million Nigerians.”

Akpani explained that deregulation will open up the sector for fresh investments and diversification which will translate in stable demand and supply regimes that will ensure that consumers have uninterrupted access to affordable quality products without the huge financial burden currently borne by the government.

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Ondo Guber: Oyetola implores Ondo voters not to change winning team

.Rallies Osun indigenes’ support for Akeredolu

Governor Adegboyega Oyetola Saturday urged the people of Ondo State to ensure they re-elect Governor Rotimi Akeredolu in next month’s governorship election, declaring that “you don’t change a winning team. “

Oyetola, who led a strong delegation comprising his Deputy, Chief of Staff, Deputy Chief of Staff and some cabinet members to Akure, the Ondo State capital for the re-election campaign flag-off of Akeredolu, who is the All Progressives Congress, APC, standard bearer for the poll, noted that Akeredolu’s re-election will further engender socio-economic growth and development of the State.

Speaking with journalists in Akure, shortly before making his way to the stadium, venue of the rally, the Osun Governor, who had earlier met with the representatives of Osun indigenes resident in Ondo to rally support for Akeredolu, further said the Ondo Governor has opened up the State for economic prosperity.

“We can all see the Ore bridge built by him and several other roads. The Ondo-Linyi Industrial Hub, Ore, I understand led to the employment of over 4, 000 persons.

“The Deep Sea Port, the process of which I understand has reached 80 percent, will further enhance the IGR of the State and would make the State less dependent on FG’s allocation.

“Akeredolu’s projects are set up to secure the future for generations yet unborn in Ondo State. And because you don’t change a winning team, l urge the voters in Ondo to ensure our party’s resounding victory at the poll, come October 10. In sha Allah, we shall return for the victory party after October 10,” he added.

Speaking on the defection of Agboola Ajayi from the APC and the party’s electoral chances, Governor Oyetola, who also doubles as the Chairman of the Contact and Mobilisation Committee of Ondo APC National Campaign Council, further said, “if you look at the APC in Ondo today, we are more united than we were four years ago.

“With all those who contested against Akeredolu four years ago at the primary with him today, I am confident that Akeredolu’s re-election will be seamless.”

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Lagos Reaffirms Commitment to Protection of Citizens’ Rights

The Director, Directorate of Citizens Rights, DCR, in the Lagos State Ministry of Justice, Mrs. Oluwatoyin Odusanya, has pleaded with all residents of the State to always approach the Office for the protection of their fundamental human rights rather than suffering in silence or resorting to self-help.

Odusanya, who made the plea recently during an interview session on a Radio Lagos programme called “Eda wa l’ohun”, described DCR as a place where masses with challenges find succour, saying that the present administration is leaving no stone unturned in ensuring that the citizens live in peace, love and harmony.

She said that the Directorate has the right of accepting petitions on alleged human rights violation and other matters affecting women, widows, orphans as well as child abuse victims.

“At DCR, there’s always protection for our women and men in terms of protecting rights against physical abuse, child abuse, exploitation, rape, incest and sexual assault, emotional, verbal and psychological abuse and more”, Odusanya reiterated.

According to her, DCR conducts prison watch services as a way of improving prison conditions and addressing human rights violation of inmates, especially those awaiting trial, adding that provisions also exist for amicable settlement of disputes between employers and employees, landlords and tenants among others.

In her words: “The protection of our children is not also left out, in terms of the right to life, survival, right to freedom, rights to free primary education, encouragement of secondary and tertiary education, right to health and health services and balanced development, all these and other rights are protected under the Child Rights Law of Lagos State”.

While saying that the Office can only intervene on matters brought to its attention, the Director implored residents of the State to explore the channels of complaints made available by the directorate.

She, therefore, assured all residents that the Directorate of Citizens Rights, under the Lagos State Ministry of Justice, is always ready to intervene in all wrongful acts towards providing an amicable solution.

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You are higher assassins, Mike Bamiloye chides people who dress seductively to Church

Today, social media was awashed with series of controversies trailing the statement credited to Mike Bamiloye, the founder of Mount Zion Faith Ministries International.

Mike Bamiloye says people who dress seductively to church are “hired assassins.”

This statement was contained in his recent post on his social media page, the clergyman decried the trend where people dress “to kill” in churches, suggesting that such practice not only promote immorality but constitute distraction to other worshippers.

“You dress seductively to church. You decided to dress ‘to kill’. You dance suggestively to worship songs. You purposely dance ‘To slay’. And truthfully are you not a ‘hired assassin’ in the church?,” he wrote.

Bamiloye has made the headlines on numerous occasions for his comments on societal issues often interpreted from a religious perspective.

In March, he had claimed that Africa’s initial low record of the coronavirus was due to fasting and prayers.

He had also claimed that husband snatchers will be on the losing side if the lockdown introduced to combat spread of COVID-19 continues.

In another of such, Bamiloye said Nollywood movies bound people in the bondage of sin, immorality and violence.

“Gospel movies perform deliverance from the powers of darkness. Nollywood movies entertain and entangle with webs of human philosophies and ungodly principles,” he had said.

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Hiked Fuel Price: Olumide Ojerinde Implores FG to Address The Plights of Commoners

The honourable member representing Olorunsogo/Oorelope/Irepo Federal Constituency in Oyo State, Honourable Olumide Ojerinde has implored the Federal Government to ensure that the recent increase in fuel price and electricity tariff is justifiable with appropriate measures to cushion the adverse effects on the general populace.

Ojerinde disclosed this in a statement signed and sent today to OduduwaNews by his Media Aide.

He stated further that the Federal Government should address the plights of the people from lesser cities whose purchasing power would have been severely hit by the recent hike in the fuel price and electricity tariff.

“I am perturbed about the negative economic effect that the recently increased fuel price and electricity tariff will have on my people. I am from one of the poorest constituencies in Nigeria, a rural area whose economic activities rely heavily on farming which has already been seriously affected by the COVID-19 pandemic. Hence, whatever policy we would be implementing as a government should be geared towards ameliorating the sufferings of people.

“There is no gainsaying in the fact that the recently hike in fuel price is tantamount to subjecting my people to untold hardship and economic strangulation that is why I am appealing to all stakeholders to put appropriate measures or palliatives in place to cushion the adverse effects on people”, said Ojerinde.

He averred that he lauds the decision to review the mode of operations of electricity company which will necessitate the distribution of meters to the citizens and put a stop to the licensing fraud characterized by the estimated billings. He however charges the Federal Government to ensure there is proper monitoring and transparency in the distribution process to avoid unnecessary exploitation of the people particularly in the lesser city that he represents.

He however decried the inability of the DISCO to carry out their responsibilities in the past. “I use this medium to call the attention of FG to the usual practice of this DISCO, on several occasions they have left the people of my constituency to restore power outage or repair any of the defaulting electrical supplies like poles, cables and others themselves with their hard earned money. I am very concerned why there should be an increment in electricity tariff, the rationale behind it must be clearly spelt out and justified with the existing realties and that the people of my constituency should be assured that the DISCO will live up to its responsibilities whenever there is power outage due to a damage or default in their electrical materials”, said Ojerinde.

He also charged the Ministry of Finance and Customs Service to take note of the numbers of meters they have granted importation waivers to before the recent increment in tariff so as not to give Power Distribution Company DISCO an avenue to further exploit the people at the grassroot.

He said efforts must be put in place to ensure that the metering process is accessible and affordable to the people at the grassroot. Ojerinde was quoted as saying, “I share the pains that the recently hiked fuel price might have brought to my people and I use this medium once again to appeal to all stakeholders to ensure that the plight of the common man on the street is factored into the policy so that the generality of the masses will not bear the brunt”.

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Revealed: Former Super Eagles Defender, Ajibade Babalade Dies of Cardiac Arrest

Oduduwa News has ascertained what led to the death of the former Shooting Stars Defender Ajibade Babalade who was announced to have said goodbye to the world yesterday.

It was revealed that the Ex-3sc Star and Super Eagles Defender has been battling with protracted heart problem for a very long period of time. He finally submitted to the fight yesterday and died of Cadiac Arrest in Ibadan.

Former Super Eagles and Shooting Stars Sports Club defender Ajibade Babalade died yesterday in Ibadan, the Oyo State capital, after suffering cardiac arrest.

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Sanwo-Olu Inspects Lagos Airport Ahead International Flights’ Resumption

The Lagos State Governor, Babajide Sanwo-Olu has on Friday September visited the Murtala Muhammed International Airport to inspect some facilities put in place as part of the readiness for the resumption of international flights.

Sanwo-Olu while speaking to the PRESS after the inspection said, he has embarked on the visitation to ascertain the level of preparations of staff members of the international airport and that it is necessary at a time Nigeria is set to open up various flight operations in the country.

He added further that Lagos State is gradually experiencing reduction in COVID-19 cases and that they cannot leave anything for chance at this time until it is ascertained that everything is put in proper perspective as well as a safe environment for the resumption of operations.

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Ooni of Ife Eulogises Akinwumi Adesina on His Re-election as AfDB President

The Arole Oduduwa & Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi Ojaja II, has congratulated Dr. Akinwumi Adesina, over his re-election as the President of the African Development Bank (AFDB).

Ooni Ogunwusi expressed his heartfelt joy through a statement signed by his Director of Media and Public Affairs, Comrade Moses Olafare, explaining that Dr. Akinwunmi’s re-election is a product of his good character and hard work.

“Omoluabi is the name we descendants of Oduduwa call good character and it is the same way we address people like our very unique Dr. Akinwumi Adesina with such unique human quality.

“Aside from being an Omoluabi with enviable human qualities, records of the re-elected AFDB president show hard work, love for one’s country and uprightness. The entire Oduduwa race is indeed proud to have this gem among us.

“From his humble beginning as a farmer’s child to his days as a Minister of the Federal Republic of Nigeria, Dr. Adesina has been known as a man of due process and this dissolved the negative charges against him during his re-election bid.

“Rather than the probe work they were hired to do, both internal and external auditors at the AFDB ended up appraising the genuine son of Oduduwa for his blemish-free administration.

“On behalf of the entire race of Oduduwa globally, I am delighted to congratulate our good son while I wish him a successful tenure.” Ooni Ogunwusi said.

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