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Fuel Scarcity: Give us petrol at official ex-depot price, lPMAN tasks NNPC

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Fuel Scarcity: Give us petrol at official ex-depot price, lPMAN tasks NNPC

Fuel Scarcity: Give us petrol at official ex-depot price, lPMAN tasks NNPC

Ejigbo Satellite Depot of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Nigerian National Petroleum Company Ltd. (NNPCL) to give same window given to Major Oil Marketers Association of Nigeria (MOMAN) to buy fuel at regulated depot price of N148.17 per litre.

The Chairman of IPMAN Ejigbo Depot, Mr Akin Akinrinade, made the appeal in Lagos on Wednesday while addressing the media on the price disparity of petrol to IPMAN members by depot owners.

Akinrinade wondered why private depots get petrol from NNPCL at official rate of N148. 17 per litre but sell at N220 per liter ex-depot price to IPMAN.

He, however, issued seven days ultimatum to NNPCL to work out a concrete arrangement for IPMAN to buy fuel at regulated price of N148.17 per litre.

He said that lPMAN had an agreement with NNPCL on fuel supply but has refused to adhere to the agreement.

“We have noticed the price disparity at which NNPC is selling petrol to major marketers at regulated price and the private depot are selling to the independent marketers at N220 per litre.

“Major marketers are selling at the rate of N170 per litre in their stations and retail outlets are selling at N169 at their stations.

“The private depots are selling ex-depot price at N220 per litre to us, which means that after paying N220 per litre, we still have to add other costs like transportation, logistics among other costs.”

According to the chairman, this has led to an increase in the price of petrol at IPMAN stations, adding that members now sell at N250 per litre and above to stay in business.

“We are no longer comfortable with this because Nigerians now see us as the black sheep.

“So, we want Nigerians to know that it is not of our making and that the authorities should address the issues around the price disparity”.

Akinrinade said that members found themselves in such situation due to moribund NNPCL depots that were neglected.

“We loaded here last at satellite depot in Lagos since December 2021, but, throughout 2022, we have not load a drop of product here.

” Ordinarily, NNPC is supposed to make arrangement for us to load through the private depots but they have abandoned that arrangement.

“That is why we have no choice but to buy from the private depot owners who use us to make money.

“I wonder why they are now selling to us at N220 per litre,” he said.

Akinrinade said: ” Petrol is regulated and held in trust for Nigerians, why are private depots owners profiteering?.

“We are all commission agents in the petroleum business as long as the product is been subsidised.

“We are using this medium again to call on NNPC to make arrangement for IPMAN through the private depots such that we can load in those depots as we used to, paying government regulated price.

“Before now we used to buy at the rate of N148 and with that, we can sell at N170 but it is no longer so because the private depots are selling to us at the rate of N220 per litre ex-depot price,” he said.

Akinrinade said that IPMAN was simply asking for fair competition, adding that the competition was no longer fair.

He said that lPMAN members were losing customers because they could no longer buy at the price of N250 and above.

“In the interim, NNPC should make arrangement for IPMAN to load through the private depot. That is what they are doing for NNPC retail and we should be treated equally.

“If government can no longer subsidise the product, then let them deregulate so that we are all at the same level.

“We can no longer put this pains on Nigerians so we are saying enough is enough and the arrangement should be made for things to go back to status quo or we will react,” he said.

Fuel Scarcity: Give us petrol at official ex-depot price, lPMAN tasks NNPC

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NDLEA Launches Alternative Development Project to Shift Cannabis Growers to Legal Farming

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NDLEA Launches Alternative Development Project to Shift Cannabis Growers to Legal Farming

By: Michael Mike

The National Drug Enforcement Agency (NDLEA) has launched an Alternative Development Pilot Project aimed at ending illicit cannabis cultivation by providing affected communities with sustainable and legal livelihood options.

The initiative was unveiled on Tuesday in Akure, Ondo State, at a town hall meeting attended by national stakeholders, international development partners, traditional rulers and community leaders.

The project is designed to replace illicit drug farming with profitable food and cash cropu production, while reducing drug-related insecurity.

Speaking at the event, NDLEA Chairman and Chief Executive Officer, Brigadier General Buba Marwa (retd), said the programme represents a shift from confrontation to cooperation between law enforcement and farming communities involved in illicit crop cultivation.

According to Marwa, the Alternative Development Project will help break the long-standing cycle of poverty, insecurity and environmental damage associated with cannabis farming, while supporting Nigeria’s food security goals under President Bola Tinubu’s Renewed Hope Agenda.

He explained that drug cultivation often benefits criminal networks rather than host communities, leaving behind degraded farmland and social instability. “The kingpins prosper elsewhere, while the farmers are left with poverty and insecurity,” Marwa said, adding that the new approach prioritises empowerment over enforcement.

The NDLEA boss stressed that participation in the programme is voluntary and targeted only at communities willing to abandon illicitu cultivation. He assured residents that the initiative is not a trap to arrest farmers, but a genuine effort to help them transition to lawful agriculture.

Marwa noted that alternative crops such as Artemisia annua, which has medicinal and commercial value, could generate higher income than cannabis while contributing to public health and economic growth.

The Ondo State Governor, Dr. Lucky Ayedatiwa, welcomed the pilot project and pledged the full support of his administration. He said the state government would provide land, seedlings and other agricultural inputs to ensure the success of the initiative.

Ayedatiwa also urged young people to reject drug abuse and embrace legitimate opportunities offered through the programme, describing youths as key drivers of development.

International partners, including the United Nations Office on Drugs and Crime (UNODC) and development agencies from Europe, expressed support for the project, which aligns with global best practices on crop substitution and sustainable livelihoods.

Traditional rulers in the state also backed the initiative. Speaking on their behalf, the Olowo of Owo Kingdom and Chairman of the Ondo State Council of Traditional Rulers, Oba Ajibade Gbadegesin Ogunoye III, called on youths to embrace the programme, warning of the social and legal consequences of drug cultivation.

The Alternative Development Pilot Project will begin in three communities in Ondo State, after which its impact will be assessed and recommendations made to the Federal Government for nationwide expansion.

NDLEA Launches Alternative Development Project to Shift Cannabis Growers to Legal Farming

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VP Shettima To Launch Fresh Women, Youth, Children Learning, Empowerment Fund

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VP Shettima To Launch Fresh Women, Youth, Children Learning, Empowerment Fund

… As Nigeria co-hosts Africa Social Impact Summit, policy engagement in Abuja

By: Our Reporter

All is set for the Vice President, Senator Kashim Shettima, to launch a fresh learning fund and empowerment platform targeted at unlocking the potential of Nigerian children, women, and youth.

The event is billed to hold on Wednesday, January 28, 2026, at the State House Conference Centre, Abuja.

This initiative, convened by the Office of the Vice President in collaboration with Sterling One Foundation, the United Nations System, and other ASIS partners, will form part of the outcomes of the Africa Social Impact Summit (ASIS) 2026 High-Level Policy Engagement.

ASIS is a premier platform for accelerating progress on the Sustainable Development Goals (SDGs) through innovation, financing, and partnerships.

The high-level engagement with the theme, “Scaling Action – Driving Inclusive Growth through Policy and Innovation,” will bring together over 200 senior leaders from government, private enterprise, development institutions, civil society, and the diplomatic community.

Key highlights of the engagement include the launch of flagship, policy-backed initiatives, notably the Business Coalition for Education (BCE) and the Nigeria Foundational Learning Fund, designed to accelerate foundational literacy and numeracy, while addressing the country’s out-of-school children challenge.

Also to be launched on Wednesday is the Women and Youth Financial and Economic Inclusion (WYFEI) Nigeria, the country’s flagship platform for advancing women and youth economic empowerment through compact-based delivery, co-investment frameworks, and performance accountability.

This will make Nigeria the implementation platform of the African Union’s WYFEI programme.

WYFEI will also be launched in other countries after Nigeria.

Speaking ahead of the engagement, the Vice President noted that Nigeria is poised for a prosperity-filled future through the government’s sustained and effective mobilisation of funding, support, and expertise, both internationally and locally.

“Nigeria’s future prosperity depends on how effectively we mobilise the private sector, development partners, and public institutions around shared national priorities. This engagement marks a critical step toward delivery-driven partnerships that unlock the full potential of our women and youth, strengthen human capital, and accelerate inclusive growth,” he said.

On her part, Mrs. Olapeju Ibekwe, CEO of Sterling One Foundation, explained that the ASIS 2026 High-Level Policy Engagement represents a pivotal shift from conversation to national execution.

According to her, the high-level meeting will deliberately align policy, innovation, financing, and frameworks that enable solutions to scale—delivering real impact for millions of Nigerians, while positioning Nigeria as a leader in Africa’s sustainable growth agenda.

The event will also feature the adoption of the WYFEI Nigeria Declaration, a national statement of intent to be endorsed by government officials, CEOs, and development partners, committing to coordinated action to unlock Nigeria’s women and youth dividend.

Senior government officials, chief executives, development partners, investors, and civil society organisations will converge on Abuja to advance results-driven partnerships for inclusive growth, foundational learning, women and youth empowerment, and national development delivery for Nigeria.
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Nigeria, Italy Set to Strengthen Bilateral Ties, Tackle Migration, Security Challenges

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Nigeria, Italy Set to Strengthen Bilateral Ties, Tackle Migration, Security Challenges

By: Michael Mike

Nigeria and Italy have expressed renewed commitment to strengthening bilateral relations, with a focus on addressing irregular migration, insecurity, counter-terrorism, and expanding economic cooperation.

The Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, made this known in Abuja on Monday during a courtesy visit by the Italian Ambassador to Nigeria, Mr. Roberto Mengoni.

Odumegwu-Ojukwu described Italy as one of Nigeria’s key strategic partners in Europe, noting that although diplomatic relations between both countries span more than six decades, there is yet to be a formal Nigeria-Italy Bi-National Commission, calling for the establishment of such a framework to deepen structured engagement and cooperation.

According to the minister, sustained high-level diplomatic engagements between both countries have continued to highlight shared priorities in sustainable development, food security, climate action, and economic growth.

She said ongoing consultations between Nigeria and Italy also reflect a common commitment to addressing global and regional challenges, including climate change, irregular migration, and security threats.

The minister urged for continued collaboration of both countries in combating illegal migration, human trafficking, and transnational crimes, while calling for stronger Italian involvement in Nigeria’s ongoing economic reforms. She identified renewable energy, agribusiness, and infrastructure development as critical sectors for enhanced cooperation.

Odumegwu-Ojukwu also sought Italy’s technical support for Nigeria’s industrialisation drive, stressing that improved mobility between both countries would stimulate trade, investment, education, and cultural exchange.

She emphasised the need to improve visa processing systems, noting that more efficient procedures would ease movement, reduce delays, and strengthen economic and diplomatic relations.

The minister also called for the creation of effective trade facilitation mechanisms to allow Nigerian agricultural and manufactured products access to the Italian market, thereby reducing transit costs and improving supply chain efficiency.

Describing migration as both a challenge and an opportunity, Odumegwu-Ojukwu said Nigeria and Italy are working together to curb irregular migration while expanding legal migration pathways. She explained that bilateral cooperation includes repatriation agreements, voluntary return initiatives, and reintegration programmes for Nigerians returning from Italy.

She also highlighted joint efforts to dismantle human trafficking networks operating between both countries, with special emphasis on protecting vulnerable groups. According to her, vocational training and small business development initiatives are being implemented in high-migration areas to address the root causes of irregular migration.

“With Nigeria’s large youth population, we are deeply concerned about the safety of our young people,” the minister said. “We are seeking effective ways to combat irregular migration, especially as Italy remains a major destination for Nigerian migrants.”

She added that Nigeria is exploring youth-focused initiatives to address unemployment, youth restiveness, and online radicalisation, while appealing for support in building capacity to counter violent extremism.

Earlier, Mengoni reaffirmed Italy’s interest in strengthening relations with Nigeria, describing the country as central to Italy’s Africa cooperation strategy.

He said his mission to Nigeria would prioritise expanding diplomatic and business ties for the mutual benefit of both nations.

“We now have the momentum to engage Nigeria more deeply and enhance cooperation. Italy does not believe in imposing policies on African countries but in building partnerships,” Mengoni stated.

Nigeria, Italy Set to Strengthen Bilateral Ties, Tackle Migration, Security Challenges

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