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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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Breaking:Bomb Explodes In Niger

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Governor Muhammad Umaru Bago of Niger state

 

A bomb has exploded in Hayin Shiroro in Niger state northcentral Nigeria.

NIGERIAN TRACKER sources said the bomb has caused the death of 2 persons and six were seriously enjoyed .

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Some are currently receiving treatment.

Details later

 

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Alleged Money Laundering: Yahaya Bello Begs Court to spare his landed Property

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A former governor of Kogi State, Yahaya Adoza Bello, has appealed to Justice Maryann Anenih of the Federal Capital Territory, FCT High Court, Maitama, Abuja, to spare him the possession of a landed property in the Maitama district as one of the conditions for bail.

Bello made the plea on Thursday, December 19, 2024, through his counsel, J.B. Daudu SAN. He argued that obtaining Certificates of Occupancy and other title documents for properties in Maitama is challenging due to the peculiarities of the area.

“My Lord, most people who may be willing to stand as sureties are reluctant to part with their original title documents.

Moreover, many buildings in Maitama are corporate establishments like Transcorp Hilton, NCC among others. Therefore, we are pleading with this honourable court to consider other highbrow areas such as Asokoro, Wuse 2, Guzape, and others when granting bail to our client,” he said.

Earlier, Daudu informed the court that the matter was slated for the hearing of Bello’s bail application. Explaining, he told the court, “We filed our application yesterday, December 18, 2024, and the prosecution served a counter-affidavit the same day.

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“We intend to focus on the trial, and for that, we need unrestricted access to the defendant to ensure he is fully prepared.

The charges against him are bailable. Moreover, there are critical documents that only he can access. My Lord, the second and third defendants have already been granted bail, and if not for procedural delays, my client would have been granted bail as well,” he said.

In response, counsel for the prosecution, Olukayode Eniton SAN, did not oppose the bail application.

“I confirm that the learned senior counsel, Daudu, has been in communication with the prosecution team. Based on the assurance that the defendant will stand trial, barring unforeseen circumstances, we are willing to defer to your lordship’s discretion regarding the terms and conditions of bail,” he said.

In her ruling, Justice Anenih granted Bello bail in the sum of N500 million with three sureties in like sum. The sureties must be notable Nigerians with landed property in Maitama, Jabi, Utako, Apo, Guzape, Garki, or Asokoro.

The judge also ordered Bello to deposit his passport and other travel documents with the court registrar. She further directed that he remain in the custody of the Nigerian Correctional Service Centre, Kuje, until his bail conditions are met.

Two other defendants standing trial alongside Bello, Umar Shuaibu Oricha and Abdulsalami Hudu had their bail conditions varied. The judge reduced their bail sum from N300m to N200m and further ordered that they could get landed properties within the jurisdiction of the court that had the same values as the bail sum.

The Economic and Financial Crimes Commission, EFCC is prosecuting Bello alongside Oricha and Hudu on a 16-count charge of criminal breach of trust and money laundering to the tune of N110.4 billion.

Justice Anenih adjourned hearing on the substantive suit till January 29, 2024

Politics Nigeria

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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.

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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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