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Owerri residents lament as fuel price soars to N1000 per litre
Residents of Owerri, the capital city of Imo State, have lamented the continuous rise in the pump price of premium motor spirit as the price of the product continues to skyrocket daily.
Residents were seen trekking to work as commercial bus drivers, especially Keke bus drivers, temporarily halted their services within the metropolis in protest over the continuous rise in the price of fuel in the country.
The development came on the heels of the further hike in fuel prices in parts of the state from N850 to between N900 and N1000 per litre as of Monday this week.
People were seen in the rush hours of yesterday morning trekking to work in their numbers along some of the popular roads in the metropolis, as only a few commercial buses were seen plying the road.
This was the case along the busy Owerri-Okigwe Road and Wetheral Road, among others.
DAILY POST learnt that the high price of fuel compelled commercial bus drivers to further hike fares for various destinations in the city of Owerri and parts of the state.
Some residents who spoke with DAILY POST revealed that the hardship caused by the hike in fuel pump price is affecting every sector in the state.
Chinedu Ofoha, a bus driver, said that they don’t feel happy increasing the price of transportation but that it became inevitable due to the increase in the price of petroleum products.
“It became worrisome when the fuel price started rising on a daily basis. Some filling stations are selling between N850 and N900 and some are selling at the price of N1000. Still when you go to some of the stations,
they will tell you that they are not selling,” he lamented.
DAILY POST learnt that it is only NNPC filling stations that are selling at N600 per litre. As a result, there are always long queues of motorists at every NNPC station.
“Sometimes we sleep at the station to be the first person to attend to when they reopen the next day,” Ofoha further said.
A fruit seller at World Bank Market, Rosemary Emenike, said that fruit sellers are experiencing low patronage from buyers because of the changes in their prices as a result of the increase in transport fares.
“When we go to the rural markets to purchase the fruits, conveying them to town becomes a problem as drivers charge us beyond what we can afford. When you ask why, they will tell you, are you not in the country? So for us to meet up, we increase the prices of the fruits,” she said.
DAILY POST recalls that fuel price has risen astronomically since President Bola Tinubu announced the removal of subsidy on fuel on May 29, 2023, during his inaugural speech as president.
Many Nigerians have blamed the persistent rise in fuel price and high cost of goods and services in the country on the president’s hasty removal of subsidy on fuel, given the country’s dependence on imported fuel.
CREDIT: DAILY POST
Dangote Refinery has announced that it will need to export 95-97 percent of its Premium Motor Spirit (petrol) due to low interest from Nigerian marketers. The refinery, which processes 650,000 barrels per day, revealed that only 3 to 5 percent of petrol marketers are purchasing its fuel.
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared these details during an X Space session hosted by Nairametrics on Wednesday. He highlighted the challenges facing both the Dangote Refinery and Nigeria’s oil and gas sector.
Edwin explained, “I’m selling 2 to 3 percent to small traders who are willing to buy, while the remaining 95 to 97 percent has to be exported,” referring to the local sales of the refinery’s products.
This situation arises as the NNPCL’s deadline for adjusting the Dangote Refinery’s fuel distribution approaches without a clear plan in sight. It is worth noting that while Aliko Dangote, President of Dangote Group, has announced the refinery’s initial petrol rollout, its distribution to marketers is contingent upon NNPCL’s decisions.
The final sixteen teams for the 2024 FIFA U-20 Women’s World Cup in Colombia have been determined following the conclusion of the group stage.
In recent matches, Ghana triumphed over New Zealand with a score of 3-1, and Japan secured a 2-0 victory against Austria.
As a result, Japan has advanced to the Round of 16, joining the other 15 teams in this knockout stage.
The Round of 16 matches are scheduled for Wednesday, Thursday, and Friday.
The full lineup for the Round of 16 is as follows:
- Spain vs Canada
- Brazil vs Cameroon
- Colombia vs South Korea
- Mexico vs USA
- North Korea vs Austria
- Germany vs Argentina
- Netherlands vs France
- Japan vs Nigeria
The Nigerian Army has refuted claims of widespread resignations among its soldiers due to issues like corruption and low morale.
In a statement, Major General Onyema Nwachukwu, Director of Army Public Relations, dismissed these reports as unfounded.
A news outlet had alleged that numerous Nigerian soldiers were resigning because of corruption and low morale. However, the statement condemned these allegations as misleading and a deliberate attempt to create discontent and undermine the Nigerian Army’s reputation and the dedication of its personnel.
Major General Nwachukwu clarified that, similar to other military organizations worldwide, service in the Nigerian Army is voluntary rather than mandatory. This means that personnel have the freedom to resign following established procedures.
He explained that the resignation process allows personnel to prepare and manage their entitlements, including pensions and gratuities, as outlined in the Harmonized Terms and Conditions of Service (Officers/Soldiers).
Contrary to the report’s implications, the statement emphasized that Nigerian Army personnel are highly motivated, and their welfare is a priority under the leadership of Chief of Army Staff, Lieutenant General Taoreed Lagbaja.
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