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Oil Marketers Now Free To Fix Prices, Says PPPRA

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Oil Marketers Now Free To Fix Prices, Says PPPRA

Petroleum Products Pricing Regulatory Agency (PPPRA) says now that the sector is fully deregulated, fuel marketers are free to fix prices as they see fit.

READ:  FG Further Reduces Pump Price Of Petrol To N123.50 Per Litre

Barely 24 hours after depot owners called for full deregulation of the downstream sector of the petroleum industry, the Nigerian government has said it is already implementing the policy.

READ:  PPPRA Orders Reduction In Petrol Price Across Nigeria

PPPRA says since the introduction of the deregulation policy in march, it has ceased to play any role in determining fuel prices.

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Nigerian News

INEC Replaces Burnt Card Readers In Ondo

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The Independent Electoral Commission, INEC, has now replaced the five thousand card readers destroyed by fire two weeks ago at its headquarters in Akure, Ondo state capital.

READ:  2019 Elections: APC In Fresh Trouble As Court Sacks Governorship Candidate

Commission chairman, professor Mammud Yakubu announced the replacement on Wednesday during a three-day working visit to the state. Yakubu said his visit was to have a first-hand assessment of the level of the commission’s preparedness for next month’s governorship election in the state.  He promised those polls will be hitch-free.

READ:  EFCC: Fresh Criminal Charge For Allison-Madueke

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Nigerian News

NCDC Reports 111 New COVID-19 Cases, Total Now 57,724

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NCDC Reports 111 New Covid-19 Cases, Total Now 57724

The Nigeria Centre for Disease Control, NCDC, has added one hundred eleven new cases of COVID-19 to the country’s tally on Wednesday.  The health agency now puts the total at nearly fifty-eight thousand.

The agency reports one hundred forty-nine persons were discharged after being successfully treated and had recovered from the coronavirus.  Two patients were said to have died of the disease between Tuesday and Wednesday.

READ:  Kano Stakeholders Condemn Sanusi's Removal, Threaten To Sue Ganduje, Assembly

The new cases were reported from 12 states and the Federal Capital Territory, FCT.

Lagos recorded 31 cases, followed by Gombe and Kaduna with 18 each, and the FCT with 15.

READ:  Ghana Insists Nigerian Traders Must Pay $1m

Rivers recorded 14 new cases.  Imo, Kwara and Oyo each showed three new infections, Bayelsa and Ogun two each.  Edo and Osun recorded one each.

READ:  Oil Marketers Give Conditions To Resume Fuel Importation

The NCDC says fifty-seven thousand seven hundred twenty-four cases have been confirmed, with nearly forty-nine thousand patients discharged.  The country’s death toll stands at one thousand one hundred and two.

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Nigerian News

PDP Reacts As FG Approves $1.9bn Rail Line To Niger Republic

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FG Approves $1.9bn Rail Line To Niger Republic

The Federal Government has on Wednesday approved $1,959,744,723.71 for the construction of a rail line that will link Nigeria to Niger Republic.

At the end of the Federal Executive Council meeting, the minister of transportation, Rotimi Amaechi told reporters that the sum approved for the development of the proposed rail line linking Kano-Dutse-Katsina-Jibia and to Maradi in Niger Republic is inclusive of Value Added Tax.

READ:  Insurgency: Army Redeploys Generals For Boko Haram War

The minister said apart from that, the council also approved the award of a contract worth N3.049 billion for the design, manufacture, supply, testing, and commissioning of one railway crane for the purposes of clearing rail tracks in situations of accidents.

Meanwhile, the decision by the federal government has attracted criticisms from the opposition party, Peoples Democratic Party saying the project was a misplacement of priority in a country facing intractable problems of insecurity and harsh economic conditions arising from hikes in fuel price and electricity tariff.

READ:  2019 Elections: APC In Fresh Trouble As Court Sacks Governorship Candidate

According to PUNCH newspaper, the National Publicity Secretary of the PDP, Kola Ologbindiyan in a telephone interview said “the problem of this regime is that it has never got its  priorities right and at the end of the day, Nigerians are the ones who suffer from these poor choices by these people.

READ:  FG Further Reduces Pump Price Of Petrol To N123.50 Per Litre

Ologbindiyan said “let’s even look at it from the point of view of the economy. What is the economic benefit of this project to Nigeria. The Nigerian economy,  as it is today, is not in a state to contain this kind of wasteful spending.”

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