Oil & Gas

Nigeria heading towards full deregulation of PMS -MOMAN

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The Major Oil Marketers Association of Nigeria (MOMAN) says Nigeria is gradually heading towards full deregulation of the Premium Motor Spirit (PMS) which will enable pump price to be determined by market forces.


Mr Tunji Oyebanji, Chairman, MOMAN, disclosed this on Wednesday in an interview with the News Agency of Nigeria in Lagos.

NAN reports that unlike in past months, the Petroleum Products Pricing for Regulatory Agency (PPPRA) has yet to release the monthly pricing modulation for petroleum products for August.

The monthly pricing determines the pump price that the products will be sold to motorists.

However, the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has fixed N138.62 as ex-depot price fixed for PMS, also known as petrol, effective Aug. 5.

Oyebanji, who was reacting to the development, said it would give marketers the option to adjust their prices.

He said: “So what the PPMC has done is to look at the average cost of fuel for the last 30 days and arrive at a workable figure that will protect the interest of marketers and end users.

“It takes about 45 days for a cargo to get here and the prices will fluctuate during that period so that is why they use average.

“Ultimately, we are closer to full deregulation now because government has said no more subsidy and that market forces will determine the price.

“Before they didn’t allow marketers to fix the price but with this latest step whereby they only release the ex-depot price and gave them margin on top, it will now be left for the marketers to determine the pump price.”

Oyebanji explained that the margin to be added to the ex-depot price would be determined by the marketers themselves which would increase competition in the sector.

“Some marketers may decide to add N14 or N15 which will put the pump price between N150 and N151 per litre. That is our assumption and understanding because nobody has said so expressly.

“If this is allowed, it means they are listening to what we have been saying all along and so long the ex-depot price is based on realistic commercial parameters, marketers will be able to operate,” he added.

The MOMAN chairman said marketers can now decide where to make their profits from the various allowed margins such as transportation margin, dealers’ margin and marketers’ margin.

Oyebanji said: “So they can look at their businesses holistically and decide to forgo profit from one end in order to attract more customers.

“That is why you find some marketers in Ibadan for instance selling at a low price because instead of making N2 from transportation side, they have decided that they will not make any money there and reflect it on their pump price to make more sales.

“This will increase competition and those who cannot cope will either merge or fold up.”

Edited By: Edwin Nwachukwu/Ismail Abdulaziz (NAN)

https://nnn.ng/nigeria-heading-towards-full-deregulation-of-pms-moman/

Agriculture

FG seeks collaboration with Agric stakeholders to curb post-harvest losses

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The Federal Government on Saturday urged stakeholders in the Agricultural Sector to collaborate with governments at all levels to minimise the incidence of post-harvest losses of farm produce being recorded in the country.


Dr Muazu AbdulKadir, Permanent Secretary, Federal Ministry of Agriculture and Rural Development, made the call in llorin, the Kwara capital, when he paid a visit to the Nigerian Stored Products Research institute (NSPRl), llorin.

AbdulKadir, while addressing the management of NSPRl, noted that Nigeria was losing billions of naira annually to post harvest losses of various farm produce due to lack of well-equipped storage facilities.

“Over sixty per cent of tomatoes, onions, cashew, mangoes, oranges and water melon, among others harvested in Nigeria are lost after harvesting.

“The Federal Government is working round the clock to address the problem, to allow the country maintain food sufficiency.

“I, hereby, call on stakeholders in the Agricultural Sector to collaborate with the government by coming up with modern scientific approaches on curbing post-harvest losses.’’

AbdulKadir praised the foresight of NSPRl in the preservation of farm produce, fabrication of farm implements, storage facilities and ensuring reduction of post-harvest losses of farm produce, as a priority.

He said the Ministry would continue to give necessary assistance within the available resources to NSPRl, to meet its mandate in farm produce storage and other agricultural activities.

The Executive Director of NSPRl, Dr Patricia Pessu, in her remarks, told the permanent secretary of several interventions currently being embarked upon by the institute, aimed at curbing post-harvest losses of farm produce.

Pessu appealed to the Ministry to assist the institute in the realisation of its objective at curbing post-harvest losses, to create employment for the teeming unemployed, and further boost the national economy.

She called on the Federal Government to allow NSPRl be represented in the intervention committee related to food security.

The NSPRI boss requested that the Ministry give intellectual property rights to agricultural researchers, as a way of encouraging them to do more at ensuring food preservation.

The News Agency of Nigeria reports that the permanent secretary later inspected the laboratories of the institute and its fabricated farm implements with storage faculties.

Edited By: Oluyinka Fadare/Idonije Obakhedo
Source: NAN

 

 

 

https://nnn.ng/fg-seeks-collaboration-with-agric-stakeholders-to-curb-post-harvest-losses/
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Health

LASG seeks quality healthcare service for increased patients’ patronage

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The Lagos State Health Service Commission on Saturday charged healthcare providers to uplift medical practices for increased patients’ patronage across all public health facilities in the state.


Dr Benjamin Eniayewun, Permanent Secretary of the Commission, gave this charge as he led a nine-man delegate on assessment tour of public health facilities in line the Hospitals’ Transformation Support Initiative.

Eniayewun said the initiative was proffered by health providers as an aid to qualitative delivery that was measurable with international best medical practices.

“The healthcare business is growing exponentially in a more competitive sphere.

“With the advent of the Lagos State Health Scheme and decline in out-of-pockets payments, it has become more necessary to strategically manage stakeholders’ needs being highlighted by various hospitals towards qualitative development.

“These highlighted developmental plans are identified by the various hospitals under a targeted time span with a view for optimal patients’ satisfaction,” he said.

He said that under Gov. Babajide Sanwo-Olu ‘s THEMES Agenda, the Commission had identified various yardsticks for excellent health service at all windows of public health using the Transformation Support Initiative.

THEMES is the acronym for the six strategic development agenda of Gov. Sanwo-Olu namely: Traffic Management and Transportation, Health and Environment, Education and Technology.

Eniayewun admonished the medical directors of the state health facilities on astute entrepreneurial skills at ensuring service driven improvement and Internal Generated Revenue of value on added services being rendered to patients.

The permanent secretary said:” There should be a paradigm shift on maximising potentials that are sometimes hyped by the terrain which your hospital is being situated.

“Being a chief executive officer requires foresight and innovation for qualitative service delivery with a view for patients’ satisfaction using the available infrastructure, which basically induces future patronage or not.

“Invariably, it implies you need to add value for services rendered to patients to make them want to patronise your facility as the best choice they are making, certainly, not because they do not have a choice.

“This will indicate impactful delivery, if well adopted,” the permanent secretary said.

At the Ifako-Ijaye General Hospital, he applauded the initiative adopted for patients ‘ privacy at the Physiotherapy Department, while enjoining the management to improve the aesthetic view of the hospital.

Also, Eniayewun commended the obvious medical improvement for qualitative standard exhibited at the Lagos State Accident and Emergency Centre, Ojota, towards optimal patients satisfaction.

The nine-man delegation included: Dr Olumuyiwa Otepola, a former Medical Director of Ketu-Ejirin Hospital; Director, Finance and Accounts, Mr Kajopelaiye Olarenwaju; Director, Nursing Services, Mrs Laide Animashaun; and Director, Pharmaceutical Services, Segun Onakoya.

Other delegates are: Deputy Director, Medical Services, Dr Shola Pitan; Head, Public Affairs Unit, Mrs Abimbola Salehu – Badejo; Mr Emiabata Lawal of the Finance and Accounts Directorate; and Mr Sadiq Ismaila of the Human Resources Directorate.

Edited By: Oluyinka Fadare/Wale Ojetimi
Source: NAN

 

https://nnn.ng/lasg-seeks-quality-healthcare-service-for-increased-patients-patronage/
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Economy

NPA expects 13 ships with petroleum products, others at Lagos port

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The Nigerian Ports Authority (NPA) says it is expecting 13 ships laden with petroleum products, food items and other goods from Sept. 19 to Sept. 30.


The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria in Lagos on Saturday.

According to it, the ships are expected to arrive at the Lagos Port Complex.

The publication said that the ships contained bulk sugar, bulk wheat, petrol, bulk gypsum, bulk salt, general cargo frozen fish and maize.

NPA reports that another set of 12 ships had arrived the ports, waiting to berth with bulk wheat, container, and general cargo.

Also, the organisation said that 19 other ships are at the ports discharging container, bulk wheat, petrol, frozen fish, gypsum, general cargo, butane gas, maize, bulk salt, raw sugar, base oil, and bulk clinker.

 

Edited By: Constance Imasuen/Donald Ugwu
Source: NAN

https://nnn.ng/npa-expects-13-ships-with-petroleum-products-others-at-lagos-port/
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General news

Lawyer advocates leadership training for youths

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An Ilorin based legal practitioner, Mr Suleiman Ahmed, has advocated the need for the training of youths on leadership skills to help reposition Nigeria’s future.


Ahmed, who spoke in Ilorin on Saturday during an interview with the News Agency of Nigeria , agreed that youth’s development remain critic in nation building.

He said it has become necessary for Nigeria youths to be equipped with leadership skills in order to do things differently from the past.

“Bad leadership in the past has put Nigeria in a serious mess. Our youths should be shown the way to manage the God’s given abundant resources at hand.

“Nigeria is blessed, but we have people in the past, who lacked those leadership skills in the corridors of power.

“With proper orientation and leadership training for the youths, we can get it right and place the country on the right path.

“We cannot afford to make the same mistakes of our past leaders. We cannot claim to be giant of Africa and see our people dying of hunger and poverty,”he said.

The legal practitioner however called on NGOs and the three tiers of governments to ensure leadership training were organised for the youths.

He advised that the future of the country is at stake if the youths are left out and not well prepared and equipped for leadership position.

“We cannot allow the youths to emulate the past trend. We want them to do things differently and safe the future of the country,”he said.

He also advised Nigerian leaders to stop being selfish, show love and care for the people for them to be proud of their country.

 

https://nnn.ng/lawyer-advocates-leadership-training-for-youths/
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