The Nigerian National Petroleum Company (NNPC) Limited says petrol will be sold at N950.22 per litre across all its retail outlets in Lagos.

In a social media post on Monday, the NNPC said the estimated pump price is based on prices set by the Dangote refinery for its petroleum products.

According to the price map shared by the NNPC, residents in the northern part of Nigeria will pay more for the product, with those in Borno expected to pay the highest petrol pump price of N1,019.22.

“The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms length,” the NNPC said.

“The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024. The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100% to the general public.

“Attached to this statement are the estimated pump prices of PMS (obtained from the Dangote Refinery) across NNPC Retail Stations in the country, based on September 2024 pricing.”

The Nigerian National Petroleum Company Limited says it stands by its earlier disclosure that Dangote Refinery Petrol is sold to them at N897 per liter.

NNPCL spokesperson, Olufemi Soneye disclosed this exclusively to DAILY POST on Sunday.

This comes after the Dangote Group in a statement by its spokesperson, Anthony Chiejina, on Sunday disagreed with NNPCL over its statement that Dangote Refinery Petrol was to them at N898 per litre.

However, when DAILY POST contacted NNPCL on his reaction to Dangote Refinery’s statement, he said, he stood by his revelation.

“We stand by our earlier stand that Dangote Refinery Petrol is sold to us at N898 per litre.

“We have documents to back this point”, he told DAILY POST.

The confusion comes after Dangote Refinery started loading its petrol on Sunday.

NNPCL had confirmed that 70 trucks belonging to the state-owned firm loaded Dangote Petrol on Sunday.

There’s an indication that the much discussed merger talk among the trio of Atiku Abubakar, Peter Obi, and Rabiu Kwankwaso, which will see the opposition united against the ruling All Progressives Congress, APC, might not sail through after all.

The sign emerged recently after Kwankwaso, presidential candidate of the New Nigerian Peoples Party, NNPP, in the last general election, declared he will win the 2027 presidential election.

DAILY POST reported that the NNPP leader made the outburst when he recently inaugurated the party’s secretariat in Katsina State.

He was also in the State for a condolence visit to the Yar’Adua family over the death of their matriarch, Hajiya Dada, the mother of late President Umaru Yar’adua.

The former Kano state Governor, who had been courted as a beautiful bride by both Atiku and Obi, maintained that his party, NNPP, is ready to take over the presidency, states and other positions across the country come 2027.

In addition to his declaration, Kwankwaso claimed that the Peoples Democratic Party, PDP, is already dead, and had gone out of the line.

“I wish to remind you that Peoples Democratic Party (PDP) is already dead, because we were in the party, since they have gone out of the line, we decided to check out,” he said.

Prior to Kwankwaso’s outburst, the PDP had announced that key opposition leaders were exploring a merger to challenge the APC in the 2027 elections.

DAILY POST reported that Ibrahim Abdullahi, PDP’s Deputy National Publicity Secretary, made this known while speaking on Channels Television’s Sunrise Daily programme.

Abdullahi confirmed that Atiku, Obi, and Kwankwaso were discussing a potential alliance.

He lamented that the party lost by over one million votes, adding that if Kwankwaso or Obi had remained with the party, “We could have closed that gap and avoided the current political and economic hardships.”

“Sure. Discussion is ongoing. You’ve seen Peter Obi discussing with Atiku. You’ve seen Peter Obi meeting with El-Rufai,” Abdullahi said, adding that his party was working to bring Obi, Kwankwaso, and other leaders that had left back into the PDP.

“One of them will concede for the others, and then we will have a direction. Our concern as a party and to these people that I have mentioned is to salvage Nigerians from these despair and despondency—the two maladies of hunger and poverty and frightening insecurity in the land.

“You could see cluelessness and ineptitude on the part of those managing the country. And to these people (Atiku, Obi, and Kwankwaso), salvaging Nigeria out of it is more important than their individual ambitions,” he added.

DAILY POST recalls that before the 2023 general election, the PDP presidential candidate, Atiku, had, in an interview with the BBC, given a hint of a possible alliance with Obi and Kwankwaso but it never happened.

In addition, there was also a failed talk over an alliance between Peter Obi (LP) and Rabiu Kwankwaso (NNPP), on the other hand.

Speaking in an interview with News Central Television, which aired on Thursday, Obi said he’s not desperate to become Nigeria’s President.

He said he would only agree to work together with others if he sees people who can do the work better.

According to him, he will not join just anybody for the purposes of state capture or for winning elections.

Obi’s words: “Quite frankly, for me, I am not desperate to be Nigeria’s President. I am desperate to see Nigeria work.

“If I see people who can do the work better, I will. I have even heard people who are saying I should not come out in 2027, and I said to them ‘offer yourselves, then we will put everybody on a scale. If they are better, I will vote for them.”

When asked if he will stay with the Labour Party if he’s contesting in the next election, Obi said: “Yes, I will be here, and if any person is coming for us to negotiate or come together, he must tell me for what purpose.

“I will not join anybody for state capture or for winning an election. I want anybody to tell me how we are going to make sure that no child is left behind; how we are going to put those millions of out-of-school children back in school; and how we are going to create jobs.

“We must first of all establish what we are going to achieve by coming together.

Collaboration shouldn’t be for just state capture and continue with the same consumption. If it’s a collaboration for production, we will.”

On whether he will say yes to Kwankwaso joining him as collaborators, the former Anambra state Governor answered: “We want to dismantle the two biggest jobs in Nigeria. Anybody who wants to move the country from consumption to production; anybody who wants to pull people out of poverty, who wants to bring out-of-school children into school, we will say yes, yes.”

Meanwhile, a chieftain of the PDP, Barr. Ray Nnaji told DAILY POST in an interview that it’s a good idea if they (Atiku, Obi, Kwankwaso) could actually agree, especially Obi and Atiku, who he said had run on one ticket in a past election.

However, Nnaji, a former National Auditor of the PDP, said he’s not foreseeing the possibility of the leader of the NNPP, Kwankwaso, who he described as President Tinubu’s friend, agreeing to work with Atiku Abubakar and Peter Obi.

The PDP chieftain explained that an alliance among the trio could only be possible on the basis that Kwankwaso would be given the opportunity to be the presidential candidate.

Nnaji said: “This alliance has been something actually advocated for even when they were contesting the 2023 election. I was saying that most especially, the Peoples Democratic Party, PDP, and the Labour Party, LP, will actually beat the All Progressives Congress, APC.

“That of the New Nigerian Peoples Party, NNPP, the possibility of coming into alliance… because Rabiu Kwankwaso believed he can actually win the election, even when he’s controlling only Kano.

“Though Kano has a very big and relative population, that alone cannot give him the presidency. And knowing fully well that Kwankwaso and President Tinubu they are all friends, I am not foreseeing the possibility of Kwankwaso coming together with Atiku Abubakar to form an alliance, except on the basis that Kwankwaso will be given the opportunity to be the presidential candidate, which I don’t know the possibility of that happening.

“Atiku and Obi have run together before and they defeated the APC. If not that Buhari saw it coming, that was why he removed Walter Onnoghen, former Chief Justice of the Supreme Court, from office through an exparte order because he knew quite alright that the matter will end up in the Supreme Court, and with Onnoghen at Supreme Court, he was not sure of winning the case.

“That’s why he made every effort and removed Onnoghen and brought in his brother, Tanko, who actually made sure that the intention of bringing him did not fail.”

He continued: “If they are talking about merging now, like I just said, I am not foreseeing Kwankwaso coming into alliance with Atiku and Obi, except the offer of being the President is given to Kwankwaso.

“I’m not his spokesman and I haven’t talked with him, but his body language has shown that. And you know quite well, if Obi will agree to run with Atiku or have an alliance, the problem will be who actually becomes the candidate, and on which platform.

“If Obi accepts, you know he was formerly of the PDP but left because of Wike. Obi has been able to surprise all bookmakers. Even myself, I never gave him the chance he’s going to make it.

“So, if they can come together, what we have seen now is that the populace are even tired of the ruling party, because instead of things getting better, it’s getting worse.

“The ruling party (APC) is not even prepared to proffer solutions to the problem. It’s a very big problem and right thinking people should know what to do.

“If you compare what’s happening now to what actually caused the PDP to lose the election, you will find out that the APC has not justified why it’s an alternative to the PDP since 2015.

“It’s a good idea if they can actually agree, especially between Obi and Atiku who had run on one ticket before.

“But this time around, if an alliance is going to take place, it’s no longer going to be a situation where Atiku will be the one endorsing Obi. It will now be three equal parties because if you look at the scores, you will find out that Obi did the best.

“He’s not a push over. Therefore, it will be an arrangement of two equals, although the Labour Party has only one state, PDP has about 13 states. That will be the only thing to make sure that the APC is dislodged. If not, it will be very difficult, knowing the mentality of our people.”

Speaking also about the matter, Dr Yunusa Tanko, ex-spokesman and media director of the defunct Labour Party Presidential Campaign Organisation, said the issue about the talk of merger and alliance was a continuous discussion.

Tanko, the Interim National Coordinator of Obidient Movement, made this known in an interview with DAILY POST.

He explained that no definite position on that matter had been taken even though people were still talking to each other.

“The issue about the talk of merger and alliance is a continuous discussion. There’s no definite position on that matter but people are talking to each other.

“It’s very imperative that people understand the need for combined efforts of people who will be aligning on the same matter of good governance and ensuring that they take over power from these people. So people are talking to each other while they are consolidating their base.

“There’s no issue of doubting anybody’s sincerity. The truth about this is that either you’re in it or you’re not. If you feel there’s a need for collaboration, nobody will need to force you into it,” Tanko said.

On his part, the Kano State Chairman of the NNPP, Hashimu Dungurawa, informed DAILY POST that it’s only the situation in the nearest future that will warrant what will happen.

Dungurawa stated that his leader, Kwankwaso is a very friendly person and is not in a quarrel with anybody.

According to him, Kwankwaso wants things to be done rightly in Nigeria, insisting he wants true leaders that will manage the affairs of the country.

He said: “You see in politics, things don’t just happen like that. It’s only the situation in context that will warrant what will happen, whether Mr A is going to work with Mr B or Mr C.

“It’s only time that will determine that. You can’t preempt what has not happened or arrived.

It’s only when the time comes that people can only say what will happen. This is just a rumor.

“Our leader, Rabiu Kwankwaso is a very friendly person. He’s not in a quarrel with anybody.

“He wants things to be done rightly in Nigeria and he wants true leaders that will manage the affairs of this country. That’s what he’s fighting for.

“He is the only person that’s not decamping to the ruling-government party. But many politicians in the country, they used to dump the opposition party and join the ruling party because they are after themselves.

“But when they formed APC, when they formed PDP, he was a governor there. They misbehaved, he moved to the APC that wasn’t in the government.

“When they formed the government of APC, APC started misbehaving, he went back again to the PDP. And the same PDP repeated its mistake, that’s why he joined the NNPP.

“By the grace of Allah, he produced a governor and many members of the National Assembly, including senators.

“That’s why he is different from others, that are more of prostitute politicians. Many of them are crossing from the opposition to the government party. And Kwankwaso’s own is not like that.

“You see, what’s happening in the country is well familiar and known to everybody. That party called APC has a logo of broom.

“The broom has now turned to a stick, and it’s hitting everyone. Everybody is receiving its consequences.

“The PDP that you mentioned has an umbrella as logo, it has now turned to a mad tiger that is biting everybody.

“It doesn’t even have leadership today. So, people are ready to come and work with NNPP.

“We are the one to make this country great and everyone happy, if we are given the chance in 2027.”

The Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery yesterday disagreed over the pricing of the petrol to be supplied by the refinery.

The disagreement came against the backdrop of the first lifting of the product from the refinery by NNPCL yesterday.

Although NNPCL got the first supply at N898 per litre, Dangote said the price was not reflective of any agreement on the pricing of its product.

Dangote argued that it sold the initial supplies for N898 per litre because the crude was imported for refining, hence it was selling at dollar equivalence.
In a statement by Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote described the claims by NNPCL that it got the product for N898 per litre as “misleading and mischievous”.

Mr. Olufemi Soneye, Chief Corporate Communications Officer, NNPC Limited, was earlier reported to have said it bought the product at N898 per litre, in contradiction to reports that it was sold to it N766 per litre.“Clarifying this, Dangote said: “Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per f to the NNPCL.““This statement is both misleading and mischievous, deliberately aimed at undermining“the milestone achievement recorded today, September 15, 2024, towards addressing“energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years.

““We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude“sales to local refineries, appointed by President Bola Ahmed Tinubu which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars.““It should also be noted that we sold the products to NNPCL in dollars with a lot of savings against what they are currently importing. With this action, there will be petrol in every“local government area of the country regardless of their remote nature.““We assure Nigerians of availability of quality petroleum product and putting an end to the“endemic fuel scarcity in the country.”

Meanwhile, there were indications yesterday that Nigeria’s fuel shortage may linger due to a 38.8per cent shortfall in the first delivery of premium motor spirit, PMS, from Dangote Refinery to the NNPCL.

This is because the 650,000 barrels per day, bpd, refinery was scheduled to deliver 25 million litres of petrol to NNPCL but could only deliver 16.8 million litres for now.

Recalled that the Nigeria’s Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had said that Nigeria’s domestic petrol consumption has dropped by 33.58 per cent to 44.3 million litres per day, from 66.7 million litres per day.

This indicates that the 16.8 million litres would be grossly inadequate for domestic consumption.

In a letter communicating the shortfall to the NNPCL, Dangote refinery, stated: “This is to formally notify you of the release of Twelve Thousand, Two hundred Metric Tons (12,200 MT) of Premium Motor Spirit (PMS) from Tank No.3201D at Dangote Petroleum Refinery and Petrochemicals, Lekki Free Trade Zone, Ibeju Lekki to Messrs. NNPC Trading Limited to be loaded via road trucks.”

To facilitate distribution, the NNPCL has mobilized over 300 trucks to transport the fuel from the refinery and also berthed a vessel for same.
It was gathered that the NNPCL had issued a Letter of Credit (LC Ref SBLCxxxxT0083) for over $120 million to cover the initial supply of 25 million litres before being informed by the Dangote refinery that it won’t be able to deliver as planned.

Vanguard has learned that the price of PMS from the Dangote Refinery for this initial loading is at N898 per liter.
The fuel lifting is part of a “naira for crude” arrangement, whereby crude oil is sold to local refineries and petroleum products are purchased in naira.

We are lifting 16.8 million litres at N898 per litre – NNPCL

Confirming the development, yesterday, the Chief Corporate Communications Officer, NNPCL, Olufemi Soneye, said: “We successfully loaded PMS today (yesterday) at the Dangote Refinery. The report stating that we purchased it at N1, 300 per litre is false.

“For this initial loading, the price was N898 per litre. I can also confirm, in response to your inquiry, that we will receive 16.8 million litres. As of now, 4.09PM (Sunday) we have loaded over 70 trucks.”

Similarly, the Executive Vice President (Downstream) of the NNPCL, Dapo Segun, pledged the commitment of the NNPCL to the deal, saying: “As a shareholder in the Dangote refinery with 7.25 per cent interest, we are committed to the lifting of product.

“We are running a business. Dangote is running a business. I can tell you there’s nothing unfair going on. Everything that’s going on is according to the terms and conditions signed by both parties, and that is the way business should be done.”

NNPC portal closure denies us access to Dangote petrol — Oil marketers

Meanwhile, the Independent Petroleum Marketers Association of Nigeria, IPMAN, has lamented that the continued closure of NNPCL’s Retail portal meant they would not be able to get access to petrol supplied by the Dangote Refinery through NNPC Limited.

An agreement between the Federal Government and the Dangote Refinery last Friday made NNPCL the sole off-taker of Dangote petrol, with other marketers expected to get their allocations from NNPC.

This, according to government sources, is to ensure that Nigerians do not pay much higher price for PMS.

But speaking to Vanguard yesterday, the Public Relations Officer of IPMAN, Chief Chinedu Ukadike, said: “We are happy that Dangote’s supply has commenced and we have another source of petroleum product supply. We are also not against the policy of selling the product to NNPC.

“But the independent marketers are saying we also want the refinery to deal directly with us.

We have the highest number of filling stations and will be the best partners for the refinery. We are waiting to hear from NNPC. We are still waiting for their portal to open, so we can make purchases.”

On his part, the Chairman, Lagos Chapter of the Petroleum Products Retail Outlets Owners Association, PETROAN, Joseph Ehimen, said: “We are all waiting for Dangote refinery petrol. We need to see the product at the market place. We need to know the price. We do not want the price to be fixed by anyone. Let the market forces determine the price.

“It should be noted that other investors would be encouraged to do businesses in the sector when prices are not pegged. We need more investors to step up investments in the sector in order to stimulate lasting growth. No single public or private single investor can do it alone.”

We look forward to lifting if price is right — Depot owners

Also, Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, Olufemi Adewole, said: “We have been lifting diesel (AGO) and aviation fuel (Jet fuel) and we look forward to lifting petrol (PMS).

“We await clarity in respect of the pricing mode and once that is clarified, we’ll do the needful towards meeting the energy needs of Nigerians.”

Dangote refinery to meet domestic demand, export — Edwin

In an interview with the media, yesterday, the Vice President, Dangote Industries Limited, Devakumar Edwin, said: “Fifty two years ago, we were trying to see how to solve the problem of PMS supply and the queues. Now, after 52 years, we have a solution.

‘’The solution is local production and it is from a Nigerian owned company. It was constructed by a Nigerian company.

“So, it is a matter of great pride that a Nigerian-owned company, constructed by a Nigerian owned company, is able to refine PMS from the local crude and deliver not only to meet the entire requirements of Nigeria but we can also have surplus to export.

“It is time and a moment of great pride for every Nigerian. Every day with 650,000 barrels of crude, we can generate more than 54 million litres of PMS. The refinery has a capacity to produce various other products too.

‘’Also, 44% of the production can meet the entire requirements of the country, while 56% of the production has to be exported.

“It is not only going to be impacting in terms of import substitution alone, but also going to generate forex through export. At a go, we can load 86 trucks. We dedicate 40 gantries to PMS alone.”

Dangote refinery petrol supply to NNPC’ll eliminate queues – Otedola

Reacting to the lifting of petrol from the refinery yesterday, billionaire businessman, Femi Otedola, the owner of Zenon Petroleum, said the lifting of fuel from the refinery by NNPCL will eliminate queues at retail stations.

Otedola in a post on X, said: “Kudos to President Tinubu for making this a reality! Fuel queues are now a thing of the past as Dangote Refinery starts loading PMS today (yesterday), Sunday, September 15, 2024.”

LASG begins implementation of E-call up on Lekki – Epe port corridor

Meanwhile, in a bid to avert severe congestion by articulated trucks and improve the efficient logistics operations within the Lekki-Epe Free Trade Zone corridor, Lagos State government has announced the commencement of the e-call up system to manage truck movements within the axis from next week.
The commencement date, according to a statement signed by Mrs Bolanle Ogunlolu, Deputy Director, Public Affairs at the Lagos State Ministry of Transport, was earlier extended on stakeholders request to give adequate room for full compliance.

The Commissioner for Transport, Seun Osiyemi, disclosed that the e-call up system was ready for implementation for a sustainable, effective and technology-driven solution of truck movement in the Lekki-Epe corridor.

Osiyemi explained that the application of e-call up system would help synchronize movement of trucks accessing the Lekki Deep Seaport and other industries within the corridor, starting from Eleko junction to Lekki Free Trade Zone.

Highlighting the state and federal government’s plans on road network expansion and inter-modal transport systems to streamline vehicular traffic and enhance free movement in one of Lagos’ most critical economic zones, the commissioner opined that the e-call system would control the corridor.

Osiyemi said: “The e-call up system, an advanced digital platform, is designed to regulate the entry and exit of trucks in the Lekki-Epe area by scheduling and coordinating their movements.

‘’This system will help prevent the chaotic traffic situations often caused by the indiscriminate parking and movement of trucks within the corridor.
“The Lekki-Epe corridor, a key economic hub in Lagos, is home to numerous industries, including the Lekki Free Trade Zone, the Dangote Refinery, and the Lekki Deep Sea Port.

‘’The efficient movement of goods and services in this area is crucial for the state’s economy, making the e-call up system an essential tool for sustainable development.”

Also speaking on the development, the Special Adviser to the Governor on Transportation, Sola Giwa, who is saddled with the enforcement of the e-call up system, said an interim arrangement was being put in place to decongest the roads through evacuation of all illegal tankers from the red zone by a joint TASKFORCE of the state, local government areas/local community development areas, LCDAs, security agencies and stakeholders.

Giwa urged truck operators and logistics companies to comply with the new system to ensure its success.