News
Fuel Scarcity Hits Ibadan, Pump Prices Soar to N1,200
Long queues of commercial vehicles, private cars, motorcycles, and tricycles have resurfaced at many petrol stations in Ibadan, the capital of Oyo State.
This development is a direct result of the ongoing shortage of petroleum, commonly referred to as Premium Motor Spirit (PMS), that has recently gripped the city.
Our correspondent, who monitored the situation, noted that residents of Ibadan have been facing this fuel scarcity since the previous week.
However, the crisis took a turn for the worse on Monday when several fuel stations shut their gates, further aggravating the situation.
The scarcity has affected several key areas in the city, including Sango, Ijokodo, Apete, Awotan, and Bodija.
Other affected locations include Agodi Gate, Total Garden, Yemetu, and the UI-Secretariat Road. While a few petrol stations remained open in these areas, they had significantly increased their pump prices.
Petrol stations owned by independent marketers are now selling PMS at prices ranging between N950 and N1,200 per liter, depending on the location.
However, stations operated by major marketers, such as those affiliated with the Nigerian National Petroleum Company (NNPC), are selling the product at a much lower price of N580 per liter. Additionally, stations operated by BOVAS have raised their prices from N650 to N670 per liter.
The impact of the fuel shortage has been felt across the city, with some commuters left stranded due to the scarcity of public transportation options.
The scarcity has led to disruptions in daily commuting, as many bus drivers and commercial transport operators struggled to obtain fuel to run their vehicles.
This situation has created further inconvenience for residents trying to navigate the already congested city.
One civil servant, Mr. Adekunle, expressed his frustration with the situation.
“It’s deeply troubling,” he said. “We are now forced to buy fuel at outrageous prices, ranging from N960 to N1,200 depending on the area. This is beyond frustrating; we are tired of this mess.”
The ongoing fuel crisis has not only resulted in long queues but has also caused an economic strain on commuters and transport operators alike.
The unpredictability of fuel prices has left many Ibadan residents worried about how long the situation will persist and the broader implications it may have on their daily lives.
News
Ekiti Moves Closer to Energy Independence with New Electricity Licenses
The Governor of Ekiti State, Bioduna Oyebanji, has shared an exciting update on the state’s energy sector.
The governor announced that Ekiti has granted operational licenses to 14 electricity investors as part of a broader strategy to improve the state’s energy infrastructure.
This includes 3 distribution companies, 4 generation companies, 2 mini-grid generation companies, and 5 meter asset providers.
These licenses aim to strengthen power generation, streamline distribution, and ensure more reliable metering for residents, marking a major step forward in Ekiti’s energy development.
Currently, Ekiti receives around 20-25 MW of electricity from the national grid, which is far below the state’s estimated requirement of 120 MW.
This gap has often resulted in power shortages that affect both residents and businesses.
To address this, the state government has set an ambitious target of achieving 130 MW through a robust, locally managed state grid.
This will not only reduce dependency on the national grid but also empower Ekiti with more control over its energy future, fostering sustainability and stability.
The decision to decentralize electricity markets in Ekiti aligns with the 2023 Electricity Law Enactments, which were designed to give states the authority to manage their own electricity markets.
The law enables states to license providers who can meet the specific needs of their local communities, ensuring a more tailored and efficient power supply.
Governor Oyebanji emphasized the importance of this initiative for the future of Ekiti.
He expressed his confidence that this move will stimulate economic growth, create job opportunities, and improve the quality of life for all Ekiti residents.
With a more stable and reliable power supply, businesses in Ekiti will be able to thrive, contributing to the overall economic development of the state.
Additionally, residents will benefit from more consistent electricity, reducing the challenges posed by power outages and improving their daily lives.
Governor Oyebanji thanked everyone who believes in the state’s vision and progress, acknowledging the collective effort required to achieve such ambitious goals.
News
Nigeria’s National Power Grid Collapses Again, Marking the 12th Time This Year
On Thursday, Nigeria was thrown into darkness as the country experienced another collapse of its national power grid.
This disruption, which occurred at approximately 11:20 a.m., caused a nationwide power outage, affecting millions across the country.
The incident was confirmed by the Nigeria National Grid on X, where they posted, “BREAKING: Another Grid Setback Experienced,” signaling the severity of the situation.
This is the second time the national grid has failed in the past week, bringing the total number of collapses this year to twelve.
The Transmission Company of Nigeria (TCN), which is responsible for the operation and maintenance of the national grid, has yet to provide a detailed statement on the cause of Thursday’s collapse.
However, earlier in the week, TCN attributed a similar incident on Tuesday to a combination of line failures and generator trips, which are often caused by technical faults or mismanagement within the system.
These explanations, though, have done little to quell the growing concerns over the state of the power sector in the country.
In a related development, Nigeria’s Minister of Power, Adebayo Adelabu, had received an investigative report on the persistent grid collapses just the day before.
While the findings of this report have not been made public yet, it is expected to provide critical insights into the underlying causes of the grid’s instability.
This report comes at a time when the Nigerian government is under increasing pressure to find long-term solutions to the nation’s power crisis.
With the power grid collapsing so frequently, the impact on businesses, healthcare, education, and daily life is becoming increasingly severe.
News
22 Miners Feared Dead in Taraba-Adamawa Mining Pit Collapse
At least 22 miners are feared dead after a mining pit collapsed at an illegal site in the Gashaka-Gumti National Park, which spans Gashaka LGA in Taraba State and Toungo LGA in Adamawa State. The miners were searching for gold in a restricted area known as Buffa.
Local sources report that all 22 miners are presumed dead. Toungo LGA Chairman Suleiman Toungo confirmed five bodies have been recovered, though he couldn’t specify the total number still buried. The area, despite frequent ranger patrols, is known for continued unregulated mining activities, often carried out at night.
Adamawa Police spokesperson SP Suleiman Nguroje noted recent fatalities from pit collapses, adding that police are working with park authorities to address the illegal mining.
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