DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 5163

On NNPC’s Reaction Over Resurfaced Petrol Scarcity In Abuja

0

Indications emerged Friday, 7th May 2022 that fuel queues have resurfaced in petrol stations across Abuja, the Nigeria’s capital city, with many motorists scrambling to get petroleum products.

The immediate cause of the latest queues in Abuja remains unknown as filling stations in the Wuse, Bwari and Lugbe areas of the FCT reportedly sold petrol at higher prices as against the officially stipulated price of N162.

As at Sunday morning, some filling stations situated around the metropolis were shut to buyers. For instance, Shafa filling station located opposite Optima fuel station, airport road Lugbe was shut. An official of the station revealed that they just exhausted their stock. Similarly, the NIPCO filling station along the same airport road, Lugbe, was opened but an official said the station had no petrol stock.

A long queue was seen at NNPC retail outlet central business district area and Oando in Wuse Zone 1 while Saddi Kamal, Mrs oil, Dan oil and Danmarna petroleum limited, located along Lugbe airport road, were under lock.

It could be recalled that earlier in the year, fuel scarcity hit major Nigerian cities including Abuja and Lagos as people scrambled to get petrol for their cars and their electricity generators.

In February, the Federal Government (FG) disclosed that the quantity of methanol found in imported fuel exceeded Nigeria’s specifications. The development resulted in a shortage of petrol and queues reappearing in major cities.

The crisis lingered for weeks — and in some places like Abuja, for several months — despite the FG’s report that claimed there was sufficient stock of petroleum products for distribution across the country.

Nigerians, especially in Abuja, have endured an unpredictable supply of fuel for over a year now, with filling stations operating at reduced capacity. The crisis started in 2021 after the government announced its plan to remove fuel subsidies.
Marketers, who the regulators accused of hoarding the product, have refused to resume normal operations even after the suspension of the subsidy removal plan.

As fuel queues resurfaced across parts of the capital city on Friday, many Nigerians are worried that they may have entered yet another season of suffering and lamentations usually occasioned by fuel scarcity across the country.

However, the Nigerian National Petroleum Corporation (NNPC) has cautioned Nigerians not to engage in panic buying of petrol, saying it has enough product for the country. This was said late Sunday, 8th May 2022 via a statement released by its Group General Manager, Group Public Affairs Division, Garba Deen Muhammad.

The Corporation disclosed that the sudden appearance of fuel queues in parts of Abuja was due to low load-outs at depots, which usually happen during long public holidays, saying it had over of 2.5 billion litres of petrol in stock with the sufficiency of more than 43 days.

The NNPC, who imports virtually all the petrol used in Nigeria, said, “The NNPC Ltd notes the sudden appearance of fuel queues in parts of Abuja. This is very likely due to low loadouts at depots which usually happen during long public holidays; in this case, the Sallah celebrations.

“Another contributing factor to the sudden appearances of queues is the increased fuel purchases, which are also usual with returning residents of the FCT from the public holidays.

“NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in conjunction with our marketing partners, have taken necessary measures to ramp up loadouts from all depots.

“We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion litres with the sufficiency of more than 43 days.

“The NNPC Ltd hereby advises motorists not to engage in panic buying as supplies are adequate and will become increasingly evident in the coming days.

I wonder how holidays could cause low load-outs at the petrol depots. There are products that shouldn’t be affected by public holidays. Just as working personnel on essential duties aren’t permitted to proceed on any holiday, such measure is required for essential products like petrol, among others.

Energy supply is the centre, or the backbone, of human daily activities, hence ought to be taken very seriously by the concerned authorities. Anything that affects the supply of petroleum products in Nigeria, would definitely affect the activity of every individual or entity resident in the country.

Hence, as the citizens clamour for construction of petroleum refineries across the country, the NNPC and its likes should expedite actions to ensure the needful is done at all times.

ManCity Takes Advantage Of Liverpool Slip-Up In The EPL

0

Manchester City who were previously leading in the English Premiership League (EPL) with just one point, followed closely by Liverpool who are currently in the second position. After the frustrating playout at Anfield that saw Liverpool held in a 1-1 draw against Tottenham, it gave Mancity the chance to increase their lead in the league, which they did.

On Sunday, Mancity didn’t fail to utilize Liverpool’s slip-up as they ruthlessly trashed Newcastle 5-0, which saw them lead the premier league table with 3 points. City has taken what could be a decisive step toward winning the EPL with only three games left.

Following their exit from the Uefa champions league, after they got eliminated in the semi-final by Real Madrid, city will not want to jinx the premier league as they seem determined to give in their best to win the league cup.

With a look at their next fixtures, one can presume that City is likely to be crowned champions in the Epl because all fixtures comprise bottom and mid-table teams, which looks like an easy cruise for them. But one thing about the game of football is that anything can happen until the final whistle has been blown. One shouldn’t write off these teams as they could pull a shocker unexpectedly.

Although, despite Liverpool’s draw with Tottenham, Jurgen Klopp’s men still have major reasons to be optimistic, because there is still a flickering chance that the EPL trophy might come their way. With just three games left before the end of the season, Liverpool will have to ensure that they win all remaining games, and possibly have to rely on city’s opponent to defeat them in any of the remaining games to keep their title hope alive.

It will likely be a difficult one, because a close observation of City’s past EPL titles, they hardly slip up when they are close to winning the title. They maintain high focus till the final match has been played or till they play their final decisive match.

City’s attitude towards the end of the season leads me to say that “when you are so close to receiving your reward, at that point, nothing can seem to distract you, as you will keep your eyes fixed on the price”. which is obviously what city has done on countless occasions to win the EPL title.

Mancity has been characterized by their relentlessness and this was evident last season as they won the league. This season, the club has played all their difficult matches, which makes the possibility high for them to win the EPL title.

Aside from Liverpool hoping that Mancity gets defeated in their remaining fixtures, they should rather focus on their remaining games, to avoid losing any match at this point, not even a draw, as such results will give city a comfortable lead to win the EPL.

No doubt the EPL matches played lately have been very intense, as a few teams are fighting to get away from the relegation zone, some other teams want to ensure they make it to the top four position, and also title contenders Liverpool and City are doing everything possible to ensure they claim the EPL title.

As it stands now, it is not yet clear which team will win the EPL title, and which team is likely to miss out on the top four position. The points are so close that no team can afford a costly slip because it will jeopardize their position. Will Mancity maintain the tempo to win the league or will there likely be a shocker before the end of the competition? Well, as it stands now, fingers are crossed till when the last match has been played.

Congratulations Tekedia CollegeBoost Graduates

0

As we celebrate Tekedia Mini-MBA edition 7 graduation, we also celebrate many undergraduate students of traditional universities who are studying in our Institute. They come from departments, professional associations, religious groups, student union governments, etc, to co-learn with us.

In Tekedia College Boost, a mini-MBA designed for students, we created a business education program which any student, irrespective of academic background, can efficiently partake in. So far, the rating has been 5 stars, at least, reading from the comments in the Board.

The program runs for 8 weeks and you can learn more here.

Thank you Unyime Obot for Funding the Future

0

Good People, join me to thank Unyime Obot  for donating to Tekedia Institute Scholarship Fund. And he is doing this in perpetuity. Through his generosity, more young people will attend our world-class business education.  We thank Mr. Obot for funding the future. Visit here to read the testimonials and impacts of our programs.


Registration for another edition of Tekedia Mini-MBA (June 6 – Sept 3, 2022) opens. Tekedia Mini-MBA, from Tekedia Institute, is an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents. Our programs are designed for ALL sectors, from fintech to construction, healthcare to manufacturing, agriculture to real estate, etc.

More so, the sector- and firm-agnostic management program comprises videos, flash cases, challenge assignments, labs, written materials, webinars, etc by a global faculty coordinated by Prof Ndubuisi Ekekwe. When we finish, we will issue a certificate from the Tekedia Institute, Boston USA.

 

 

Tekedia Mini-MBA Graduation Ceremony [Video]

0

Good People, I invite you to watch the video of Tekedia Mini-MBA Graduation Ceremony which took place last Saturday. It was a celebration on traveling into a better career. And our learners are #ready2lead because they have been equipped with critical elements to combine and recombine factors of production to fix market frictions at scale. 

They mastered the fundamental constructs of market systems over 12 weeks, acquiring skills and knowledge systems from executives in leading global companies, on innovation, business growth and operational execution.

I invite you to join in the next edition which begins June 6.  The cost is N60,000 ($140) if you beat the early bird deadline.  Tekedia Institute runs many other programs including Tekedia Industries designed around energy, digital tech and agriculture; Tekedia Practice; Tekedia Startup Masterclass;  etc. See all programs here.

Send those team members here. We will co-learn with them and advance the business mission together.

Meanwhile, registration for the next edition which begins on June 6, 2022 to end on Sept 3, 2022 has since started. The cost is N90,000 ($170) if you beat the early bird deadline. Go here and register.