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Breakdown
The Nigeria National Petroleum Company Limited has released another version of the breakdown of the estimated price of petrol bought from the Dangote refinery.
PUNCH Online earlier reported that in a statement on Monday morning, the NNPC gave a chart breakdown of the refined petrol product it bought from the refinery on Sunday, September 15.
The nation’s oil firm stated that it is paying the Dangote refinery in United States dollars for the September 2024 petrol offtake, adding that Naira transactions will only commence on October 1st, 2024.
The statement reads, “The NNPC Ltd. has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.
“The estimated prices are based on negotiated terms between NNPC Ltd. and Dangote Refinery which recognise the current international gasoline prices and the prevailing foreign exchange rate in line with the provisions of the Petroleum Industry Act (PIA) 2021.
“The NNPC Ltd. can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.
“We reassure Nigerians that any discount from the Dangote Refinery will be passed on 100% to the general public.”
While the data of the estimated price to be sold around the country remains the same, the analysis of the transaction it had with Dangote Refinery was altered.
While the first press statement on Monday had a Nigerian Midstream and Downstream Petroleum Regulatory Authority fee of ₦8.99, the second statement showed ₦4.495.
The first statement had an inspection fee of ₦0.97, a margin fee of ₦26.48 and a distribution fee of ₦15.
In the second statement on Monday, there were no inspection and margin fees, while the distribution fee was changed to ₦42.45.
The second statement also had an additional Midstream and Gas Infrastructure Fund fee of ₦4.495.
Ekiti State Governor, Mr Biodun Oyebanji has vowed that the breakdown of law and order will not be tolerated in the state during the proposed August 1 nationwide protests.
Addressing the people of Ekiti State in a statewide broadcast on Wednesday, the Governor expressed concern that the planned protest has the potential to degenerate into violence and reverse his administration’s steady progress to shared prosperity.
Oyebanji disclosed that security agencies will be on high alert and will not allow anybody to destroy Ekiti’s good image as a peaceful and progressive State.
This came as the State Command of the Nigeria Security and Civil Defence Corps (NSCDC) said no fewer than 900 of its personnel would be deployed to maintain law and other during the protest.
Governor Oyebanji said Nigeria and its people cannot afford “another massive destruction of our economic base” as witnessed during the #EndSARS protest that led to the destruction of many private and government infrastructures.
He appealed to the residents of the state not to fall into the agenda of individuals “who might just be interested in wreaking havoc while pretending to be fighting for the interest of the ordinary people.”
While contending that protest, violence and destruction of lives and property can be counterproductive, he said “a lot of fifth columnists are trying desperately to weaponise the current economic crisis for their own destructive agenda.”
Recalling the havoc wreaked in Ekiti during the #EndSARS protest of 2020, Governor Oyebanji disclosed that some public buildings, infrastructures and assets are still in ruins nearly four years after they were savagely vandalized by protesters with government struggling to repair or replace them.
The Governor appealed to parents, guardians, traditional rulers and religious leaders to appeal to the youths not to submit themselves to those he referred to as “evil merchants who want to use them to cause violence in our state as protests can easily be hijacked by hoodlums.”
The state’s NSCDC Commandant, Mr Sunday Agboola who disclosed this said Nigerians have the right to protest, but feared that it could be hijacked by hoodlums.
Agboola said the organisation and other security agencies was working hard to protect lives and property to ensure that people go about their normal duties and that nobody is molested or embarrassed, and that their rights were not infringed upon.
He said, “We are working with other security agencies in Ekiti State on this. The police, military and others. From our end, we are going to deploy over 900 personnel to ensure that the rights of our people, the government infrastructure, and all critical national assets are protected.
“We have been appealing to our people including traditional rulers, opinion and religious leaders, parents ang guardians to at least talk to their subjects, followers, children and wards to ensure that the protest does not even hold at all, because Ekiti is a new state that is just developing and trying to grow, and for them to destroy and vandalise anything here will retard the progress of the state.
“We have been having meetings with all the security agencies to ensure that the rights of other citizens are not violated. We are aware that the citizens have the right to stage a peaceful protest, but we are not shying away from our own duties too.
“The federal government is worried about the proposed protests because they don’t want a situation whereby the protest will be hijacked by hoodlums, where they will unleash mayhem, hardship, destruction, arson. Especially considering, what happened during the 2020 #ENDSARS protest, we saw how things turned out. That is the fear of the federal government. They don’t want such to repeat itself, that is why we are working hard to ensure that the citizens are protected. We are even ready to protect all federal critical infrastructure and assets in the state too. Our men have been deployed. I have spoken with the District Officers and Area Commanders to ensure lives and property in their domains are well protected”.
He advised the youths to allow peace to reign, show understanding to the federal government and ensure people’s rights were not violated and peacefully go about their daily routines.
“Our fathers and mothers should be talking to their children not to violate the right of others, because when they protest and the protest turned violent, it means everybody will suffer and it’s not our prayers that we should add suffering in any guise to what we are presently going through in our country.
“So, let’s dialogue and make our grievances known to the federal government. I am sure they will listen and do the right thing for Nigeria will be great,” Agboola said.
Lagos Commissioner of Police, CP Adegoke Fayoade has called for caution on the proposed August 1st nationwide protest while stating that the police will not allow breakdown of law and order in Lagos.
CP Fayoade also alerted that such a protest could be hijacked and used to cause mayhem that will disrupt the peace, and loss of lives and property of Lagos residents.
The Lagos police boss stated this during a security stakeholders’ meeting addressing security agencies, religious leaders, youth, and market leaders at an event held on Thursday.
“We have called you to tell you that we are committed, we are ready to protect everybody to provide up-to-date standard security all over Lagos, all over the nooks and cranes of Lagos. We assure you that we will not allow a breakdown of law and order to convince these people.
“These faceless people who are planning this protest should reconsider the idea because it’s not going to augur well for the country. We want a peaceful Nigeria where we can do our business peacefully, make our profits, where we can improve the standard of living of all the people of the country, where good things will be available for everybody. That’s the kind of Nigeria we want,” CP Adegoke said.
He, however, stressed on securing the lives and properties of Lagosians, as he asserts that such protest, if hijacked could lead to the destruction that will result in the loss of billions of Naira and deter investors from the country.
He also noted that such protest can stagnate the social economic development thereby affecting the growth of the country.
Commenting, the state’s Commissioner of Youth and Social Development, Hon. Mobolaji Ogunlende said, “The message is clear and the signal is clear, that we are standing as one people to ensure that we keep our Lagos and our Nigeria safe. So, I commend every one of us who have taken those steps and for those who are yet to take those steps, we will encourage you to please do that because when anything goes wrong, it affects every one of us irrespective of whatever it is that we are
building.
“We all see what has happened in Kenya recently. Everybody has come out in the aftermath to realise what has happened. You see, when this thing happens, it happens like a snowball and the ripple effect is very high and we would ensure, and we will try and plead, will ask, we will pay to ensure that we and our Nigerians are safe,” he stated.
Ogunlende further noted that the state government is presently working to empower a million youths in information technology with partnerships with financial institutions within the states, as well as the provision of over 1,800 jobs created through the LagRide Smart Taxi Scheme.
“2,866 job opportunities for young drivers who graduated from LBSL and are accredited through Trading Academy with over 2,200 healthcare professionals mostly youth recruited into the state public health facilities and health education over 3,000 fresh graduates and teachers recruited mostly youths,” he said.
For his part, the National Association of Nigerian Students, NANS, Lagos chapter, Comrade Alimi Idris categorically stated that the student union will not partake in the proposed August 1st planned Protest.
According to him, “We students of Lagos State already have internal battles we are facing, and I am here to state categorically that the 11 tertiary institutions in Lagos State will not join a protest we don’t know the beginning and the ending.
“We don’t have time to join a protest when we are already dealing with the Academic Staff Union of Universities (ASUU) strike and the Academic Staff Union of Polytechnics (ASUP) strike. We don’t want anything else that will delay our academics, thereby having to graduate in seven years for a four-year course.
“Many presidents of various institutions in Lagos State have already started calling me, saying they are being contacted by unknown numbers about the protest. But I’m here to state that we are not joining the protest because we don’t know the organisers.”
Similarly, President General of Ladipo market, Mr. Africanus Ogudoro stressed that the Ladipo market will be open for business on the said date of the protest.
”Ladipo market will be fully open to operate on August 1st because we are not aware of any protest. The same goes for Alaba Amalgamated Markets, they will be fully open,” Ogudaro stated.