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As Nigerians Buy Petrol At Over 1000 Naira,Libyans Buy At 52 Naira

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President Bola Ahmad Tinubu

Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024.

This is according to a report by Global Petrol Prices, a platform that tracks retail petrol prices across various countries.

In comparison, petrol prices in Egypt, Algeria, and Angola stood at $0.279, $0.342, and $0.351 per litre, respectively.

These are the only four countries in Africa that sell fuel at cheaper rates than Nigeria.

Current data shows the average petrol price in Nigeria is N1,000 per litre, with black market rates soaring to N1,600 per litre.

Meanwhile, the Central African Republic has the highest petrol price on the continent, at $1.83 per litre.

Senegal ($1.646), Seychelles ($1.595), Zimbabwe ($1.590), Morocco ($1.527), and Uganda ($1.475) are other countries with costlier fuel price per litre, while Malawi ($1.458), Côte d’Ivoire ($1.455), Kenya ($1.453), and Sierra Leone ($1.448) round up the list.

Despite being one of Africa’s largest oil producers, Nigeria faces criticism for its high petrol prices.

This has led to calls for government intervention in the oil sector, with many arguing that the removal of fuel subsidies has negatively impacted citizens.

Abdullahi Aliyu, a resident of Abuja, emphasised that if petrol were priced between N150 and N200, it would significantly lower costs across various sectors, including transportation and food.

He urged Nigerian leaders to learn from Libya’s pricing strategy.

All over the world, there are various types of subsidies, but I think in Nigeria, the one that plays a vital role in the life of the citizens is petrol subsidy.

“Just imagine that it is being sold at between N150 and N200! Everything will be cheap, including transportation, food and electricity. Our leaders should please learn from Libya,” he said.

Adenike Andrew, an economics graduate turned restaurateur, criticised the rationale behind subsidy removal, arguing that the Nigerian populace cannot bear fuel prices comparable to those in wealthier countries, especially given their lower income levels.

She also called for Nigeria to explore legal avenues for supplying petrol to neighbouring countries to boost foreign currency earnings.

If they say they removed it (subsidy) because our neighbouring countries are also benefiting from it, it is self-indictment. Our security agencies should do their work. And most importantly, Nigeria should tap the enormous market in Africa to earn foreign currency by supplying petrol to them using legal means.

It is wrong to say that Nigerians must pay for petrol in the same manner as non-oil, but rich countries are selling it to their citizens.  People there have higher incomes. Our people here have been pauperised in facets,” she said.

Daily Trust

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Newly Assigned Kano Commissioner of Water Resources Orders Immediate Audit of State Water Board

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The Honourable Commissioner for the Ministry of Water Resources, Alhaji Umar Haruna Doguwa, has directed a comprehensive staff audit for employees working under the Kano State Water Board. This directive aims to enhance the working environment and ensure effective service delivery.

In a statement issued today by the Honourable Commissioner, Doguwa emphasized that the staff audit is intended to create a conducive atmosphere and an efficient working environment. “The staff auditing is aimed at providing a conducive atmosphere and effective working environment, which would result in effective service delivery,” Doguwa explained.

The Honourable Commissioner also called on the affected staff members to fully support and cooperate during the auditing exercise. “I urge the affected members of staff to give maximum support and cooperation during the auditing exercise,” he stated.

The statement was signed by the Public Relations Officer, Rukayya Uba Sulaiman, who reiterated the importance of the audit in achieving the ministry’s goals.

The staff audit is expected to identify areas for improvement and streamline operations within the Kano State Water Board, ultimately leading to better service delivery for the residents of Kano State.

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Senator Sumaila Commends Appointment of Alhaji Nura Iro Ma’aji as Commissioner

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Senator Suleiman Abdulrahman Kawu Sumaila, representing Kano South Senatorial District has described the appointment of Alhaji Nura Iro Ma’aji as commissioner as well-deserved appointment.

Sumaila, in a statement he personally signed, said the appointment is a testament to Ma’aji’s unwavering dedication, exceptional resourcefulness and remarkable intellect.

“Your distinguished academic background and extensive political experience uniquely equip you to make impactful contributions to our great state. I am confident that your leadership will usher in innovative policies and initiatives aimed at addressing the challenges we faced and steering Kano towards brighter future.

“Throughout your tenure, it is essential to carry out your duties with diligence, integrity and strong sense of purpose, protecting the good name of your family and the esteemed legacy of your community will be paramount as you navigate the responsibilities of your new role,” he said.

Sen. Sumaila expressed gratitude to the Kano State Governor, Abba Kabir Yusuf for the gesture, saying by recognising such a potential form Sumaila community, and bestowed him with a slot of commissioner, the governor as set a precodent that will not only inspire the people of Sumaila but foster unity and ambition among them.

Sumaila, therefore, assured Ma’aji of his commitment towards ensuring smooth working relationship with him for the overall development of Kano state, saying “together we can make a meaningful partnership that will deliver tangible results for our constituents, uplift our communities and ensure sustainable growth in Kano state.”

He appealed to the people of Sumaila, Kano South and Kano state in general to support the new commissioner with a view to discharging his responsibilities effectively.

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Holiday Bonanza: Dangote Reduces PMS Price to N899.50k

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Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product to below N900 per litre, to provide much-needed relief for Nigerians ahead of the holiday season. Africa’s first privately-owned oil refinery, which previously lowered the price to N970 per litre on November 24, has now announced a new price of N899.50 per litre. This reduction is designed to ease transport costs during the festive period. In a statement issued by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, the company also introduced a special offer to further benefit consumers. In addition to the holiday discount, Dangote Petroleum Refinery is allowing consumers to purchase an additional litre of fuel on credit for every litre bought on a cash basis. To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM. Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank,” said Chiejina. The refinery also expressed its gratitude to Nigerians for their continued support as the country enters the festive season. Chiejina further emphasised the refinery’s commitment to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, as well as environmentally and engine friendly. He highlighted that the refinery’s operations mark the end of Nigeria being a dumping ground forfor substandard and ‘blended’ imported products, which have posed significant risks to human health, machinery, and the environment. The Dangote Refinery, with a capacity of 650,000 barrels per day (BPD), is the largest single-train refinery in the world. It is fully capable of meeting 100% of Nigeria’s refined petroleum product requirements, with a surplus available for export.

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