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October 16, 2024 NMDPRA Unveils New Import License Procedures

NMDPRA Unveils New Import License Procedures

The Nigerian Midstream and Downstream Petroleum Regulatory Authority – NMDPRA, has unveiled new regulations to simplify the process of obtaining petrol import licences and other operational regulations in the industry into a single document.

NMDPRA stated that previous regulations, administered by the defunct Department of Petroleum Resources concerning midstream and downstream operations, have been revoked.

The proposed 2024 Midstream and Downstream Petroleum Operations Regulations will enable the Authority to reduce the complexities of navigating and implementing numerous regulations in the petroleum industry.

The Managing Director of the NMDPRA, FAROUK AHMED, speaking at a stakeholder engagement on the proposed operations regulations in Abuja, said the event was in accordance with Section 216 of the Petroleum Industry Act, which mandates consultation with stakeholders prior to the finalisation of regulations under the Act.

October 16, 2024 Governor Charles Soludo of Anambra Has Described Absolute Autonomy for Local Government as an Impossibility

Governor Charles Soludo of Anambra Has Described Absolute Autonomy for Local Government as an Impossibility

The Anambra State Governor, and former CBN boss; CHUKWUMA SOLUDO has described absolute autonomy for local government areas in Nigeria as impossibility, insisting that it will be a recipe for chaos.

Governor SOLUDO made the assertion while signing the Local Government Administration Law in Awka, the state capital, yesterday.

According to him, the attendant challenges before the issue of local government autonomy are such that would certainly deepen the fate of the system and spell doom for the expected beneficiaries of the process.

He noted that the new laws enacted by the Anambra House of Assembly are therefore consequential to give operational life to the Supreme Court judgment and not to undermine it.

Governor SOLUDO stressed that the challenge ahead will be daunting given the quantum rise in wage bills because of the new minimum wage, as well as consequential rise in future pension/gratuity payments.

October 16, 2024 PPMC Has Called For Shutdown of illegal Petroleum Structures in South/South Depots

PPMC Has Called For Shutdown of illegal Petroleum Structures in South/South Depots

The chairman of the Petroleum Products Monitoring Committee (PPMC), Mr. Godwin Ekpo has called for the shutdown of illegal Petroleum products structures operating across South-South Depots.

 Speaking at the committee’s inaugural meeting, Mr. Ekpo said this decision was apt to enable the   committee duly constituted by Governor Umo Eno to operate smoothly.

The PPMC Chairman expressed  readiness to  collaborate with stakeholders to ensure  seamless loading and distribution of petroleum products within the state.

 Mr Ekpo called on the Joint

  Task Force on Petroleum to provide adequate security ,to enable marketers to lift and deliver products to  different destinations without hitch.

Following the meeting  Ekpo extended an olive branch to industry stakeholders during a courtesy call  to  Independent Petroleum Marketers Association of Nigeria (IPMAN), he stressed the importance for partnership in tackling the daunting challenges in the sector,particularly,adulteration,

 bunkering and pump price adjustment, adding that this act was unfair and detrimental to the consumers.

In his remarks, the chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. Francis Udoyen, thanked  Ekpo and commended His Excellency  Governor Umo Eno for  constituting an all-inclusive committee,Udoeyen plegded his  cooperation, noting the synergy between PPMC and IPMAN was a   welcome development.

October 14, 2024 President Tinubu Charges Nigerian Varsities on Research as Driver for Growth and Development

President Tinubu Charges Nigerian Varsities on Research as Driver for Growth and Development

President BOLA TINUBU has urged Nigerian universities to embrace demand-driven research for industrial growth and development.

The President gave the charge at the maiden combined 1st–5th convocation ceremony of Federal University Birnin,Kebbi held at the institution.

PresidentTINUBU, who spoke as Visitor to the university, was represented by the Minister of State for Education, Dr YUSUF TANKO-SUNUNU.

He urged universities to partner with industries to explore outcomes of research to facilitate national development, assuring that the federal government was working to make education more accessible to Nigerians.

PresidentTINUBU described education as very important in the life of every individual.

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