By Adedapo Adesanya
The Department of Petrol Resources (DPR) has estimated that residents of Nigeria consume a total of 38.2 million litres of premium motor spirit (PMS), also known as petrol, in one day.
The figure, according to the petroleum resource regulatory agency, was only an estimate, saying it was difficult to know the official volume of commodity consumed daily. It explained that this was arrived at after the federal government set up a committee to determine Nigeria’s actual fuel consumption nationwide.
In its National Stock Reports released on Wednesday, the DPR stated that as at Tuesday, February 25, 2020, the cumulative stock of PMS at depots across the country was 915.772 million litres, dropping by 3.15 per cent from 945.6 million litres recorded on Monday, February 24, 2020.
“As at February 25, 2020, the cumulative depot stock of PMS at the depots was 915,771,566 litres (combined PMS stock owned by PPMC, major and independent marketers) vis-à-vis 945,604,305 litres on February 24, 2020 indicating a decrease of depot PMS stock due to vessel discharges and truck out activities respectively at the depots.
“Applying the estimated daily national demand of 38,200,000 (thirty-eight million two hundred thousand) litres, available depot PMS stock of 915,771,566 litres is sufficient for 24 days,” it said.
The DPR attributed the decline in national PMS stock levels to vessel discharges and truck out activities across the depots.
The DPR report further stated that as at February 25, 2020, stock levels in 40 depots in Lagos stood at 539.99 million litres; while in Calabar/Eket, 82.97 million litres of PMS were available in 11 depots across the state.
In other depots in Warri, Port Harcourt, Umuahia and Kaduna, PMS stock levels stood at 146.94 million litres, 129.19 million litres, 6.99 million litres and 9.68 million respectively.
It stated that on Wednesday that seven vessels discharged 61.055 million litres of PMS at depots in the Lagos Zone, bringing PMS stock levels in Lagos to 537.95 million litres after daily truck out.
There are, however, steps been taken to determine the actual volume consumed daily as the figure is important in determining the country’s revenue, as well as the amount the country spends on fuel subsidy.
Firm Rewards Ibadan Traders for Sorting Waste to Ease Recycling
By Aduragbemi Omiyale
Some traders in Bodija market, Ibadan, Oyo State, have been rewarded for segregating their waste to make it easier for recycling.
The beneficiaries were given gift items like Bluetooth headsets, customised simple chest bags, and customised face caps by the waste management consultant to the Oyo State government, Mottainai Recycling, on Friday through an initiative known as Recyclables for Rewards.
At the campaign, in its third year, two tonnes of recyclables were recovered by the company, which is managing waste collection in the state.
The Managing Director of Mottainai Recycling, Mr Adey Adewuyi, sensitised traders, buyers and passers-by in Bodija market and its environs on how the waste they generate could be a source of wealth.
Mr Adewuyi, represented by the firm’s Chief Sustainability Officer, Ms Deborah Fadeyi, urged the traders to embrace proper waste disposal and management habits like segregating their waste at source.
He further encouraged them to avoid dumping waste on the median, warning that those caught erring would be fined and punished according to law.
Also, the Special Adviser to Governor Seyi Makinde on Environmental Matters, Mr Ademola Aderinto, explained that the initiative was aimed at creating awareness among traders and residents to segregate their waste at source and recover as much plastics before it enters into the water bodies and landfills.
He said that the event showcases the economic and social benefits of recycling, adding that “the event is aimed at making the good people of Oyo State see value in what they consider as waste.”
“These wastes would have otherwise ended up in landfills and water bodies which will contribute to the pollution of the environment,” he added.
Mr Aderinto discouraged the act of dumping waste on the median by the market men and women and also encouraged them to sort out their waste to ease the act of recycling, noting that the government will do more to eradicate the issue of improper waste disposal and management in the state.
“There was also an adequate and effective sensitisation and awareness campaign in the market on the need for proper waste management. They were also enlightened on the economic benefits of recycling instead of allowing their recyclables to end up on the median, water bodies or the landfills,” he said.
Number of Meters Installed Under MAP Not Impressive—Jos DisCo
By Adedapo Adesanya
The Jos Electricity Distribution Plc (JED) has decried the slow pace of meter provision to customers and has craved for more efforts toward achieving the metering goals of the company.
The Managing Director of the Jos DisCo, Mr Abdu Mohammed, in a statement, said the slow adoption of the prepaid metering system was making things difficult for the organisation, which aims to bridge the metering gap.
Speaking during a meeting with vendors handling the company’s Meters Asset Providers (MAP) programme, the energy expert noted that the firm plans to provide 400,000 meters to its customers.
“If you look at the number of meters installed by MAP, it is not impressive. We still have a very long way to go.
“We will need to expeditiously bridge the metering gap to provide efficient and effective services and upscale our revenue
”It is our desire to provide 400,000 meters to our customers soon,” he said at the gathering.
The JED managing director asked the vendors to submit their meters deployment plans for 2023, maintaining that all plans must be strictly adhered to.
Mr Mohammed, who expressed optimism that most of the company’s customers would soon be metered, said MAP was introduced to ease access to meters and eradicate billing disputations.
In their separate responses, the representatives of Mojec, Triple Seven, Skyruns and Momas, all vendors with JED, promised to live up to their mandates of ensuring all customers were metered.
Aminu Adamu Lands in Prison for Insulting Aisha Buhari
By Modupe Gbadeyanka
A student of the Federal University, Dutse, Jigawa State, Mr Aminu Adamu, has been remanded in prison for allegedly ‘insulting’ the wife of President Muhammadu Buhari, Mrs Aisha Buhari.
A few days ago, news filtered in that Mr Adamu was kidnapped by some security officials to Aso Rock, Abuja, over his post on Twitter that the President’s wife was feeding fat on the taxes paid by the poor masses.
This did not go down well with the First Lady, and the student, who is reportedly due to write his final year exams next week, was taken away from his campus and allegedly tortured.
This action angered many Nigerians, who asked Mrs Buhari to release the man or charge him in court.
On Tuesday, the student was charged to court by the police, and he was remanded in the Suleja correctional facility in Niger State, pending when his bail application would be heard next Wednesday.
According to his lawyer, Mr C.K. Agu, the student was arraigned before a court sitting in Abuja, but he pleaded not guilty to the charges levelled against him.
“Even in the court session yesterday, we notified the judge about the efforts made to have him released on bail, but we did not receive any reply from the police.
“We applied to the court to release the student on bail on health grounds and the fact that he will sit for the exam on December 5.
“The court has ordered the police to provide the bail application before it for consideration between Tuesday and Wednesday,” Mr Agu informed BBC Hausa Service.
On June 9, 2022, Mr Adamu posted a picture of Mrs Aisha Buhari at the presidential primary of the ruling All Progressives Congress (APC) in Abuja held two days earlier and wrote in the Hausa language, “Su mama anchi kudin talkawa ankoshi,” which loosely means “Mama is feeding fat on poor people’s money.”
Latest News on Business Post
- Firm Rewards Ibadan Traders for Sorting Waste to Ease Recycling December 3, 2022
- Access Holdings Merges Sigma, FGPL for Formidable PFA Business December 3, 2022
- FrieslandCampina Buoys Unlisted Securities Market by 1.11% December 3, 2022
- Naira Sells N730/$1 in Black Market, N748/$1 at P2P, N445.33/$1 at I&E December 3, 2022
- Nigeria’s All-Share Index Crosses 48,000 Points After 1.04% Leap December 3, 2022
- How to Properly Store and Preserve Value of Dry Hay Bales December 3, 2022
- Brent Slides 1.5% Ahead OPEC+ Meeting, Russian Oil Ban December 3, 2022
- Number of Meters Installed Under MAP Not Impressive—Jos DisCo December 3, 2022
- Nine Oil-Producing States Got N625.43bn in Two Years—Presidency December 2, 2022
- Uncover Skincare Raises $1m to Expand into Nigeria December 2, 2022