News
JUST IN: Petrol: Marketers Lamenting as Nigerians Shun Buying Above N1000/Litre
With the price of a litre of petrol now above ₦1,000 in most filling stations across Nigeria, petrol marketers have lamented low patronage at their retail outlets nationwide.
They said marketers are now cutting workers and shifts because of high pricing and low returns on investment.
The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, was in an interview on Monday with a spokesman for the Independent Petroleum Marketers Association of Nigeria (IPMAN),Ukadike Chinedu.
Gillis-Harry said, “Marketers, retail outlet owners, all of us in the industry are finding it difficult to cope with the current situation, we used to buy 45,000 litres of fuel a couple of months ago for less than 8.5 million naira but today, we have to cough out about 49 million naira to buy the product.
“Financial institutions are not coming to our rescue. The cost of money is so high, it is so difficult to even sell, what we get to our retail outlets is not quickly bought because Nigerians also have the challenge with their buying power.”
On his part, IPMAN spokesman Ukadike Chinedu said filling stations nationwide have become ghost places as middle-class Nigerians have abandoned their vehicles and embraced public transportation.
“Most of the money we use in investing is bank money. It’s being borrowed and the interest rate is also high. There is no return on investment because the more we sell, the more we make profits,” Chinedu said.
“Now the volume of trade in the filling stations is very low because of the characteristics of the buyers who have now dropped some of their luxury vehicles with V8 and are now using alternative transportation.
“If you check some of the filling stations these days, you will find out that there is skeletal or ghost buying, two, or three cars will just come in and buy. We are no longer talking about scarcity, we are now talking about price differentials.
”The two unions urged President Bola Tinubu to provide ₦100bn as a seed fund for oil marketers to stay afloat, just like the aviation and agricultural sectors.
Nigerians are grappling with the weight of unprecedented food inflation, and energy prices which have quadrupled in the last year under the Tinubu administration.
Specifically, the price per litre of petrol jumped from less than ₦200 to over ₦1,000. Many people have blamed the twin policies of petrol subsidy removal and unification of forex rates for the high living costs that have assailed the middle class.
Citizens have staged two major protests to drive home their grievances against the Tinubu administration and pressured the All Progressives Congress (APC) government to reverse its “reforms” but the current administration has insisted that its policies are necessary and won’t be reversed.
News
Police must pay transport fares, says AIG
” No police officer has the right to enter your vehicle without paying. We should assist one another willingly, not by force,” he said.
• The Assistant Inspector-General of Police(AIG) in charge of Zone 2 Command, Mr Olohundare Jimoh, speaking with transporters at Obalende garage, Lagos State, on Wednesday.
The Assistant Inspector-General of Police, Zone 2 Command, Mr Olohundare Jimoh, has declared that officers must pay fares before boarding commercial vehicles, warning against abuse of authority.
Jimoh spoke on Wednesday at Obalende garage during a sensitisation meeting with drivers and transport workers marking National Police Day 2026.
He stressed that relations between police and the public must be based on partnership, not coercion, urging both sides to support each other voluntarily.
“No police officer has the right to enter your vehicle without paying. We should assist one another willingly, not by force,” he said.
Jimoh called for stronger cooperation to maintain safety and order on roads, insisting there was no conflict between officers and transport unions.
“I don’t collect money from officers. We don’t arrest people arbitrarily. If you have issues with any officer, report directly to me,” he said.
(Vanguard)
News
Tinubu scurries to Jos after Mutfwang’s security brief
President Bola Ahmed Tinubu will leave for Jos tomorrow to commiserate with the state government and residents over recent deadly gun attacks that lefts dozens dead.
This was following Governor Caleb Mutfwang’s security briefing to the President on the recent violent attack in Angwan Rukuba, Plateau State.
During the meeting on Wednesday at the presidential villa in Abuja, Governor Caleb Mutfwang told Mr President that although security forces have restored calm after fresh disturbances involving looters on Wednesday morning, following the deadly Palm Sunday attack that left more than a dozen dead and many others injured.
He said that investigations are continuing to determine the identities or motives of the attackers who are yet to be apprehended .
Presidency source said that President Tinubu was initially scheduled for a planned trip to Ogun State to flag off operations at the Gateway International Cargo Airport on Thursday.
From Jos, the President will travel to Lagos to observe Good Friday.
On Saturday, April 4, he will visit Ogun State to commission projects including the cargo airport.
He will then return to Lagos during the Easter holiday to commission several state infrastructure projects, including the Ojota/Opebi Link Bridge.
Before heading back to Abuja, the president will visit Bayelsa State on April 10 to commission projects completed under Governor Duoye Diri.
News
JUST IN: Tinubu Heads to Jos Tomorrow, Postpones Ogun Trip for 5-State Visits
President Bola Ahmed Tinubu will tomorrow embark on a visit to Jos, Plateau State, as the first leg of a five-state tour across the country.
The Presidency announced that the President has postponed his scheduled trip to Ogun State to enable him to commence the series of official visits.
Details of the remaining four states in the tour are expected to be released by the Presidency in due course.
The development comes as President Tinubu continues nationwide engagements aimed at assessing development projects, interacting with stakeholders, and addressing key national issues in the respective states.
Further updates on the itinerary will be communicated as the visits progress.
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