The Federal Government is no more going to be releasing guiding price bands for the sale of Premium Motor Spirit, popularly called petrol, at filling stations.
It disclosed this in Abuja through the Petroleum Products Pricing Regulatory Agency, adding that based on this, the downstream arm of the oil and gas sector had been fully deregulated.
Responding to questions from journalists during a briefing at the headquarters of PPPRA, the agency’s Executive Secretary, Abdulkadir Saidu, stated that going forward, PMS price would be determined by the forces of demand and supply and the international cost of crude oil.
He, however, noted that the role of the agency would be to ensure that oil marketers do not profiteer, as every petrol dealer was, henceforth free to source for product and fix their price.
“This, however, must be in accordance with our code of conduct because as a regulator, it is our duty to protect the consumer and operators must abide by our codes,” Saidu stated.
The PPPRA boss, who was represented by the agency’s General Manager, Administration and Human Resources, Victor Shidok, also confirmed Sunday PUNCH’s report that oil marketers were not currently importing petrol because of the scarcity of foreign exchange.
BREAKING: Lagos Government Imposes 24-hour Curfew
Following the raging #ENDSARS protests and demonstrations, Lagos Governor Babajide Sanwo-Olu has declared a 24-hour curfew.
Sanwo-Olu announced this on his official Twitter handle on Tuesday.
He said: “As government who is alive to it’s responsibility and has shown commitment to the #EndSars movement,we will not watch and allow anarchy in our state.
“I therefore declare a 24 hour curfew in the state starting from 4pm today,nobody except emergency responders and essential service providers should be found on the streets.”
Details shortly …
JUST IN: Osun Releases List Of 774,000 Jobs Successful Candidates
Osun State Government has released list of successful candidates for the federal government 774,000 jobs.
The duration of the job is expected to run for three months.
List of candidates are arranged according to their local governments.
Check your name through the link below
Finally, Obasanjo Speaks On EndSARS Protests, Is He Right Or Wrong?
Obasanjo spoke when he visited Adeyeye Ogunwusi, Ooni of Ife, at his palace in Ile-Ife, Osun state, on Monday.
He described the #EndSARS protest as the product of an extensive agitation by the Nigerian youth.
He said the youths are clamouring for a better life and there are several ways the government can show it understands their plights by making things easier for them.
“More than 65 percent of our population is under within the ages of 18 and 30; they are not only struggling to acquire education, they are also aspiring for the best that life can offer them,” Obasanjo said.
“Some of them didn’t even get educated, while those who are educated are getting frustrated because of lack of opportunities. We must realize that the lid on the boiling steam would have to be removed.
“But, I believe that there are windows of opportunity which the government can explore to show that it cares about the people’s welfare, especially the youth, as the father of the country and particularly, as the father of the youth.
“Fortunately, the president has children and he knows how youths behave. I believe that the opportunities can still be taken to let the youth know that he, as a father, understands their plight and that his government understands their plight and he is ready to make life better for them.”
On his part, Ogunwusi described the protests as a clear message by the Nigerian youths to the government, particularly on the coordinated manner in which the protests were being organised.
He urged the youths to suspend the protests and give the government the chance to fully attend to their demands.
“If you look at the #EndSARS protest, you will see that our youths have what it takes to rule the country,” he said
“Since day one, they have shown leadership, accountability, and a huge sense of responsibility which have sent a clear message to the government.
“Every day at 11:50 pm, they displayed their financial update, and to me, I’m highly amazed by their sense of accountability.
“As a youth leader myself, I am proud that we all have communicated our ideas and it is heartwarming that we have been heard.
“Dear youths, it is time to retreat so as to prevent those with ulterior motives from hijacking the peaceful message of peace.
“The whole world is aware of our peaceful conduct and we must not let some bad elements tarnish this enviable integrity.
“Once again, I wish to urge our youths to stop the protest, for now, and give peace a chance. This will prevent the government from using force.”
Entertainment9 months ago
See Photos From The Wedding Of Catholic Rev Sister Who Left The Convent To Marry Her Boo
News6 months ago
PHOTO: North Korea’s Leader, Kim Jong Un Dies After Heart Surgery, His Sister To Take Over
News6 months ago
BREAKING: Saudi Arabia Suspends Ramadan Prayers Globally, Tells Muslims What To Do
News7 months ago
BREAKING: Queen Elizabeth Tested Positive For Covid-19, Buckingham Palace Confirms
News2 days ago
Multichoice Breaks Silence, Reveals Why All Stations Are On For Viewers
Crime6 months ago
ABOMINATION!!! Youngest Alaafin’s Queen Chased Out Of Palace For Cheating With Fuji Musician, Wasiu Ayinde
News5 months ago
BREAKING: Buhari’s New Chief Of Staff, Gambari Resigns Appointment
News7 months ago
Fears!! One Dies On Bus, 32 Others Tested As A New ‘Hantavirus’ Breaks Out In China