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IPMAN Backs Appointment of Cordier by NNPC

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IPMAN 2.5 million Members

By Adedapo Adesanya

Following a spate of backlash faced by the Nigerian National Petroleum Company (NNPC) Limited over the appointment of a French-Swiss national, Mr Jean-Marc Cordier, as the head of the company’s oil trading subsidiary, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has shown solidarity with the state oil company.

NNPC recently announced Mr Cordier to head NNPC Trading Limited, making him the second after another expatriate, Mr Hubb Stockman, who heads NNPCL Retail Limited.

The announcement of the employment of foreigners to head NNPC Ltd subsidiaries has triggered mixed reactions among Nigerians, especially since the Nigerian Content Development and Monitoring Board is targeting 70 per cent Nigerian content in the oil and gas sector by 2027.

IPMAN, reacting to this, said the decision of NNPC Limited to engage foreigners was the best innovation for Nigeria’s oil and gas sector, as it shows that NNPCL was committed to operational effectiveness and efficiency of the downstream sector of the industry.

IPMAN Chairman in Rivers State, Mr Joseph Obele, said before now, marketers had to bribe and lobby to get product allocation from NNPC.

This, he claims, will end, as he charged the new bosses to ensure the necessary things are done.

He also tasked Mr Stockman to end the suffering of marketers by introducing the seamless application, approval, and allocation of products to marketers.

Mr Obele urged the management of NNPC Limited not to be distracted by the protesters, who he described as friends of the corrupt regime and enemies of reformations and also tasked them to engage more foreigners to handle key offices.

“The decision to engage foreigners is the best innovation for the downstream sector of Nigeria’s oil & gas industry, and we found nothing wrong with the development as it will usher in a corrupt free system. It will eradicate ethnic dominance, survival of the fittest, jumping the queue, bribery, and religious connections.

“Evidence and observations show that engagement of a foreigner in the person of Mr Hubb Stockman as the Managing Director of NNPCL Retail Ltd. has brought a series of reformations in the downstream sector as it concerns retail outlets.

“It takes less than one hour to apply for a product on the portal and get approval electronically. You don’t need to make any phone calls, beg or neither bribe anyone to get your allocation as a licensed Petroleum Marketer with NNPC Retail Ltd.

“Before now, you will have a make several phone calls, bribe some officers, travel to Abuja for lobbying or contact someone who knows someone for you to get your allocation.

“Mr Hubb Stockman is less than five months in office as the Managing Director of NNPC Retail Ltd, and the achievements are obvious for all to see.

“The process of applying for allocation is now automated courtesy of Mr Hubb Stockman’s team. Petroleum Marketers now apply for Products from the comfort of their homes and get approval automatically without any stress.

“The automated system is configured in such a way that each Marketer gets one truck within seven days. This is a great achievement for us in the industry, as it has eradicated the dichotomy between super marketers and lesser Marketers. Each marketer gets one truck of PMS per retail outlet in seven days irrespective of the status of the Marketer.”

The IPMAN chairman also revealed that it was easier to access the expatriates than it was difficult to access other Nigerian managers, drawing on a recent experience.

“Recently, we visited Mr Hubb Stockman in his office in Abuja, it didn’t take five minutes to see him, and you don’t need to pass through any Personal Assistant or junior manager to see him. Family members and friends of previous Managing Directors of PPMC will make things difficult for anyone to see the MD in the office. The case is different with foreigners in the office as we speak, you can reach him on the phone anytime, and you can see him in the office as a marketer without connections.

“With the recent reforms in the sector, you don’t even need to see or visit the MD for any reason. Nigerians should be watchful to ascertain the intent of those that are aggrieved with the engagement of foreigners to head key subsidiaries of NNPC Ltd.

“We had earlier alerted that the beneficiaries of the bottleneck administration will not be comfortable with the reformations. The expatriation process involves many technical and professional aspects.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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British Council Hosts Going Global Africa Conference in Abuja

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Going Global Africa Conference

The British Council, a UK-based organization dedicated to fostering cultural relations and educational opportunities, hosted the Going Global Africa Conference 2024.

The event, which took place from November 26 to 28 at the Transcorp Hilton Hotel in Abuja, was themed Building Sustainable and Relevant Tertiary Education Institutions and Systems in Africa.

It brought together policymakers, academics, industry leaders, and youth advocates to address critical issues in tertiary education across the continent.

At the opening session, which spotlighted youth aspirations and actionable strategies to bridge the gap between tertiary education and workforce demands, the Minister of Education, Mr Olatunji Alausa, unveiled the Nigerian Educational Sector Renewal initiative, a six-pillar agenda aimed at modernising the education system.

The session, titled The Future is Now: Realising the Vision of Africa’s Youth, was used by him to emphasised the importance of STEM and vocational training.

According to him, one of his takeaways from the opening plenary session is starting up student-led ventures, a good initiative the government would take on.

Throughout the three-day event, critical sessions explored the role of partnerships and innovation in strengthening tertiary education.

Another session titled Maximising Impact through Tertiary Education Partnerships, chaired by Prof. Sir Steve Smith, examined frameworks for sustainable education partnerships.

Also, at another session, Transitioning to the World of Work, led by Femi Taiwo, Founding Partner of F.I.T. Africa, delved into career-readiness strategies and the systems required to prepare graduates for industry demands.

Contributors such as Prof. Colin Riordan from the Association of Commonwealth Universities and Ms. Nadia Waggie from the University of Cape Town enriched these discussions with their expertise.

The conference also included a variety of focused sessions and panels, such as Learning Labs on technology integration, employability, and international research partnerships. Discussions highlighted access to education for marginalized groups, including women and persons with disabilities, with sessions such as Disability Inclusion in Tertiary Education led by Prof. Tracy Bhamra and featuring disability rights advocates.

Business Post reports that the conference coincided with the British Council’s 80th anniversary in Nigeria, celebrating decades of impactful partnerships in education.

“Hosting this conference in Sub-Saharan Africa underscores our commitment to fostering sustainable partnerships and innovation in education,” the Regional Director for Sub-Saharan Africa at the British Council, Lucy Pearson, remarked.

The event concluded with a renewed commitment to bridging the skills gap in Africa’s tertiary education.

The Acting Country Director for the council, Chilufya Besa, said, “By bringing together industry stakeholders, we have made significant progress in aligning education with workforce needs.”

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Thailand Gifts Nigeria 32-Tonne Rice Shipment to Tackle Food Crisis

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prices of rice in December

By Adedapo Adesanya

Nigeria has received a 32-tonne shipment of rice from Thailand as part of foreign relief to tackle escalating hunger and food insecurity.

The shipment, the first of its kind in a decade, has arrived in Lagos, according to DUCAT, the logistics company that facilitated its delivery.

The rice from Thailand was exported following Nigeria’s decision to implement a tariff moratorium on wheat, corn, rice, and other food crops last year, DUCAT revealed.

Although the duty waiver was introduced, purchases have largely been cautious, driven by concerns about its potentially harmful impact on local producers.

“Nigeria has been working hard to find solutions to broaden and strengthen its food supply accessibility,” DUCAT Chief Executive Officer, Mr Adrian Beciri said in a statement.

Several months ago, Nigeria unveiled a set of measures to combat soaring food inflation, which is rising at its fastest rate in three decades.

According to the last inflation update, food inflation reached 39.93 per cent year-on-year in November from 39.16 per cent the previous month in October 2024, caused by price rises for staples such as rice, maize, bread, potatoes and cooking oil.

Inflation quickened sharply in the second half of 2023 after President Bola Tinubu devalued the Naira and cut petrol and electricity subsidies to try to lift economic growth and shore up public finances.

Inflation has still not let up as it remained at 34 per cent as of November.

Many of the policies have failed to materialise including a 180-day window to allow duty-free imports of wheat, corn, and other critical food crops— a move promised would crash food prices.

A survey of market prices by Business Post indicates that food prices remained elevated during the last Christmas period.

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JUST IN: Lagos Assembly Lawmakers Impeach Obasa as Speaker

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obasa lagos speaker

By Dipo Olowookere

The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, has been impeached by members of the legislative arm of government.

Mr Obasa was removed from office on Monday after a motion for this was moved by one of the lawmakers.

The Assembly has now elected Ms Mojisola Meranda, a member representing Apapa I Constituency, as the new Speaker.

This action is coming amid allegations of fraud against Mr Obasa, who is from the Agege constituency.

It has been speculated that Mr Obasa got into political trouble because of his alleged interest in the governorship position in 2027.

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