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This NNPC initiative aims to solve the problem of tanker explosions  

The management of NNPC said there is a new initiative in place which is aimed at preventing future incidents of petrol tanker accidents.



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The management of the Nigerian National Petroleum Corporation (NNPC) said there is a new initiative in place which is aimed at preventing future incidents of petrol tanker accidents. Yesterday, the Group Managing Director of the state-owned oil company, Mele Kyari, gathered stakeholders in Abuja to unveil the new initiative which is called the Safe-To-Load-Programme.

A brief statement made available by the NNPC disclosed that the initiative is a brainchild of Boss Mustapha, the Secretary to the Government of the Federal Republic of Nigeria. Mr Mustapha was represented at the event by Ademola Ali, a staff of the SGF Office.

Other stakeholders, who attended the meeting, include key officials from the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), staff from the Federal Ministry of Works/Housing & Transport, officials of the Nigeria Police Force and the Federal Road Safety Corporation, among others.

While addressing the stakeholders, the NNPC GMD stressed that it had become imperative to proffer a lasting solution to the incessant incidents of petrol tanker explosions across the country. He also claimed that safety is a core value of the NNPC, which is why this measure is being adopted in order to address the problem at hand.

[READ MORE: Pipeline vandalism: NNPC GMD invited for questioning]

Speaking further, he disclosed that the Safe-To-Load-Programme basically entails the following:

  • digitisation of all analogue loading facilities;
  • ensuring that every truck departing NNPC’s depots meets the required axle limits;
  • weight-bridges and sprinklers will be installed in every loading gantry; and
  • the NNPC is also working to fix its pipelines in order to facilitate movement of petroleum products without excessive reliance on road transportation.

Recall that in 2019 alone, there have been many reported incidents of petrol tanker explosions in the country. This is mainly because Nigeria transports its refined petroleum products by its mostly deplorable roads.

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Last month, Nairametrics reported how fire gutted some parts of the popular Upper Iweka and Ochanja Market in Onitsha, Anambra State after a tanker loaded with petrol fell and exploded. Some deaths were reported, even as many shops with very valuable goods were razed down in the inferno.

In June 2018, Nigerians were outraged after a petrol tanker fell and exploded on Otedola Bridge in Lagos.

Emmanuel is a professional writer and business journalist, with interests covering Banking & Finance, Mergers and Acquisitions, Corporate Profiles, Brand Communication, Fintech, and MSMEs.He initially joined Nairametrics as an all-round Business Analyst, but later began focusing on and covering the financial services sector. He has also held various leadership roles, including Senior Editor, QAQC Lead, and Deputy Managing Editor.Emmanuel holds an M.Sc in International Relations from the University of Ibadan, graduating with Distinction. He also graduated with a Second Class Honours (Upper Division) from the Department of Philosophy & Logic, University of Ibadan.If you have a scoop for him, you may contact him via his email- [email protected] You may also contact him through various social media platforms, preferably LinkedIn and Twitter.

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FG explains why Lagos-Ibadan rail line was not linked to the sea

The government in its explanation said that the delay was due to disruption by trucks going in and out of the port complex.



FG needs $656 million to complete Lagos-Ibadan railway project – Amaechi, Nigeria loses N150 billion annually to shipping tariffs, Ibadan to Kano rail construction

The Federal Government has stated why the China Civil Engineering Construction Company (CCECC) Nigeria Limited could not link the final part of the Lagos-Ibadan rail line to the sea.

The government in its explanation said that it was due to disruption by trucks going in and out of the port complex.

According to a press statement signed by the Director, Press and Public Relations of the Federal Ministry of Transportation, Eric Ojiekwe, this disclosure was made by the Minister of Transportation, Rotimi Amaechi, while on a routine tour of the Lagos-Ibadan rail line project on Saturday, April 10, 2021.

The Minister pointed out that the original blueprint for the Lagos-Ibadan rail line project was not adhered to by CCECC Nigeria Limited and TEAM consortium and therefore warned that the master plan of the soon to commence Ibadan-Kano rail line project should not be changed.

The statement from the ministry partly reads, “The Nigerian Government has restated its commitment to connect the whole country by rail with the soon to commence Ibadan-Kano Standard Gauge Rail project.”

Amaechi forewarned that the master plan of the soon to commence project should not be changed as the original blueprint for the Lagos-Ibadan wasn’t adhered to by Messrs CCECC Nigeria and TEAM consortium. The Minister who rode the train from Ebute-Meta to the 8.72 km Apapa Port Spur line, informed the media that the inability of Messrs CCECC Nigeria to link the final part of the rail line down to the sea is rather due to disruption by trucks going in and out of the port complex.’’

The Minister had noted that the Federal Government has paid its share of the counterpart funding of the Ibadan-Kano rail line project and is waiting for China-Exim bank to ratify its side of the agreement for the project to commence.

He also advised the Nigerian Railway Corporation (NRC) to acquire more land around the train stations and the rail tracks for future development adding that this will be near impossible to do in the future as whatever space available now would have been taken over by businesses attracted to the rail line.

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In case you missed it

It can be recalled that full commercial train services commenced on the Lagos-Ibadan rail line after train operations commenced on December 7, 2020, with only Lagos, Ibadan and Abeokuta residents enjoying the train services.

This is because other minor and major stations along that route were yet to be completed.


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Industrial Index loses -12.39 points, as BUA and Lafarge Cement shares top losers list

The NSE Industrials index lost 12.39 index points in the first trading week in the month of April.



Manufacturing: Activity levels pick up albeit readings still below water

The Nigerian Stock Exchange Industrial Index at the close of trading activities for the first week in the month of April closed on a bearish note, following a 0.66% decrease in the shares of BUA CEMENT and Lafarge.

At the close of trading activities on the Nigerian Stock Exchange on the 9th of April 2021, the industrial index depreciated by 55.01 index points, to close lower at 1,928.18 index points for the week.

When compared to the overall performance of the market, the NSE Industrial index underperformed, noting that the NSE All-Share Index and Market Capitalization depreciated by 0.66% to close the week at 38,866.39 and N20.3350 trillion respectively.

READ: COVID-19, VAT, FX scarcity adversely impacted our operations in 2020 – Nigerian Breweries boss says

What you should know

The NSE Industrial Index was designed to provide an investable benchmark to capture the performance of the Industrial Sector. It comprises the most capitalized and liquid companies in the industrial sector and is based on the market capitalization methodology.

The index tracks the performance of ten industrial companies on the Nigerian Stock Exchange which includes Dangote, BUA, and Lafarge Cement.

The overall performance of the companies for the week was bearish, as the index closed on a negative note driven by the decrease in the share price of BUA Cement and Lafarge.

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MEYER (19.51) was the only gainer for the week, while BUACEMENT (-1.09%) and LAFARGE WAPCO (-3.00%) were the only losers for the week.


  • MEYER up by19.51% to close at N0.49.


  • WAPCO down by -3.00% to close at N21.00.
  • BUACEMENT down by -1.09% to close at N72.70.

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