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This is how much petrol Nigerians comsumed in Q2 2018

NBS has released the Petroleum Products Importation and Consumption Statistics for the second quarter of 2018.

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Petrol prices, Closure of border petrol stations lowers fuel consumption by 30% - Customs Boss, BREAKING: FG approves reduction in pump price of petrol

Data released by the Nigeria Bureau of Statistics (NBS) show that 4.79 billion litres of Premium Motor Spirit (PMS), popularly referred to as petrol, was imported in second quarter of 2018. The report also shows that 1.11 billion litres of Automotive Gas Oil (Diesel), 43.79 million litres and 200.39 million litres of household kerosene and aviation turbine kerosene respectively in the same period.

The NBS Petroleum Products Importation and Consumption Statistics track the total litres of Premium Motor Spirit (petrol), Automotive Gas Oil (Diesel), household kerosene (HHK) and Aviation Turbine Kerosene (ATK) that were imported during a review period.

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In the same vein, the highest volume of Premium Motor Spirits (PMS) imported into the country in Q2 2018 was recorded in the month of April 2018, with 1.78 billion litres. June 2018 recorded the highest volume of diesel (408.15 million litres) and household kerosene (43.79 million) imported. Highest volume of aviation kerosene was also imported in June, with a volume of 200.38 million litres.

On the average, Nigeria imported 52.67 million of petrol daily in the second quarter of 2018, while 12.15 million of diesel was imported daily in the same period. Also, daily average household kerosene and aviation kerosene importations were 481,000 litres and 2.2 million litres respectively.

Lagos State topped the distribution of truck-out volume for petrol during the second quarter, with 14.45% share of the total distribution. Kano State came second, with a share of 8.70% while Niger State was third with 5.82%. Lagos State also got the highest distribution of truck-out volume for diesel with 28.32%, while Ogun State was second with 9.59%.

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Rivers State got 24.93% share to top the truck-out volume for household kerosene distribution, while Delta was second with 23.06%, and Lagos was third with a share of 8.17%. Lagos also got the highest distribution of aviation kerosene in the second quarter of 2018 with a share 76.03%, and Abuja coming second with a share of 15.17%.

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Hospitality & Travel

Passengers can now arrive 90 minutes before departure for domestic flights – FG

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international passengers, Coronavirus: FG enforces immediate screening of travellers at airports with new directive

The Federal Government has announced the reduction of arrival time for passengers from three hours to one hour and a half before departure for domestic flights.

This was disclosed in a tweet post by the Minister for Aviation, Hadi Sirika, through his Twitter handle on Monday, July 13, 2020.

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The minister said that the decision was arrived at after they have reviewed passenger facilitation at the airport while noting that passengers should check-in online.

In the tweet post, Sirika said, ‘’My colleagues and I have reviewed passenger facilitation at our airports, consequently I am happy to announce that, henceforth travellers are to arrive one hour and half before their departure time for domestic flights. Travellers are advised to check-in online, please.’’

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It can be recalled that the Federal Airports Authority of Nigeria (FAAN) had earlier in June issued flight resumption protocol for both international and local passengers across the country, advising passengers to arrive at the airport three hours before their time due to the new COVID-19 safety checks for domestic flight operations and five hours for international flight operations.

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Economy & Politics

Seyi Makinde Proposes N3 billion investment plan for water supply

The local governments in Oyo are advised to submit a list of 10 faulty boreholes in the LG. 

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Seyi Makinde Proposes N3 Billion plan for water supply

The Governor of Oyo State, Seyi Makinde announced the proposal of a N3 billion investment plan dedicated to water supply in rural and urban areas of the state.

Speaking through the Chairman of Rural Water Supply and Sanitation Agency (RUWASSA), Mr. Najeem Omirinde in Ibadan on Monday, he added that N500 million of the N3 billion would be used for repairing broken and faulty state-owned boreholes.

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All Chairmen of each of the Local Governments in Oyo are advised to submit a list of 10 faulty boreholes in the Local governments.

The Oyo State governor also ordered that all new boreholes must be compliant with solar-powered pumps, to enable their longevity and save costs.

Urging residents to patronize the agency if they need to dig up boreholes for water, citing that it would be cheaper if done through the state agency than with private drilling companies.

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Minister of Finance, Zainab Ahmed stated last year that Nigeria needs an estimated N36 trillion annually for the next 30 years to solve Nigeria’s infrastructure problem. The investment, although a tiny fraction of what Nigeria needs is a bold step by the Oyo State government.

 

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Economy & Politics

FG asks UK court for more time to appeal $9.6 billion arbitration judgement

Malami stated that the Evidence of P&ID’s highly orchestrated scam had only recently come to light. 

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FG asks UK court for more time to appeal $9.6 billion arbitration judgement

The Federal Government has approached a UK court to appeal for more time to appeal the $9.6 billion arbitration award against it over the breach of contract with Process & Industrial Development (P&ID) Ltd.

Nigeria has said that it needs more time to pursue its argument that the 2010 gas supply contract with Process & Industrial Development Ltd was a sham.

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The legal dispute with P&ID is coming against the backdrop of the huge drop in the country’s revenue due to the collapse in oil prices globally. Nigeria had applied to US courts in March seeking for documents from 10 banks which includes Citigroup Inc. and JPMorgan Chase & Co, in a bid to prove its corruption allegations.

P&ID, however, has denied any wrongdoing in the whole transaction, arguing that Nigeria missed its opportunity to appeal.

The Nigerian Lawyer, Mark Howard, on Monday, the first morning of a 2-day hearing, said ‘’It is very unusual in a fraud case to discover a single smoking gun. By its very nature, fraud is conducted in secret, which makes it hard to detect and justifies an extension.’

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READ MORE: The effect of the United States’ Shale Oil on Nigeria?

The legal representatives for Nigeria are seeking another hearing for the judge to decide whether any misconduct has taken place and whether it justifies overturning the contract

The Attorney General and Minister for Justice, Abubakar Malami in a statement said, ‘’Evidence of P&ID’s highly orchestrated scam had only recently come to light.’’

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It can be recalled that last year, a UK judge upheld an earlier arbitration award to P&ID, which had accumulated to about $9.6 billion. The arbitration decision was over a failed contract to build a gas processing plant in the Southern city of Calabar.

The Nigerian lawyers disclosed that they have uncovered alleged bribes to government officials and their family members dating back to 2009.

Malami in his court filing on March 24, submitted that ‘’There is good reason to believe that ministers at the highest level were involved in a corrupt scheme to steal money from Nigeria.’’

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