News
Fuel Scarcity Resurges in Ilorin, Driving Prices Up and Transport Costs Higher
Fuel shortages have reemerged in Ilorin, causing long queues at petrol stations as the scarcity of petrol continues to affect various parts of the country.
In major filling stations, the price of a litre of petrol ranges from N640 to N680. However, some independent fuel stations in Ilorin have increased their prices significantly, with rates reaching as high as N900, N950, or even N1,000 per litre.
Many filling stations were closed at the time of reporting, citing a lack of stock as the reason for their unavailability. Tajudeen Balogun, a manager at one of the independent stations, expressed frustration, noting that there is no longer any importation or loading of petrol in Lagos.
He highlighted that the Nigerian National Petroleum Corporation (NNPC) is now the sole importer of the product, and this situation is expected to persist until the country’s four local refineries are operational and able to meet the fuel demands of Nigerians.
A senior official from TotalEnergies at a filling station in Ilorin, who wished to remain anonymous, also mentioned the current challenges.
They indicated that the inability to load fuel in Lagos is due to the unavailability of the product, and expressed uncertainty about when the situation might improve, stating that only divine intervention might resolve the ongoing crisis.
The scarcity of fuel and the surge in petrol prices have led to increased transportation costs in Ilorin. Commercial cab operators, as well as Okada (motorcycle taxis) and tricycle riders, have reported significant hikes in fares, exacerbating the impact of the fuel shortage on daily commutes and transportation across the state capital.
News
Minister of Budget Says Nigeria Needs More Resources to Fund Its Population
The Minister of Budget and Economic Planning for Nigeria, Senator Abubakar Bagudu, shared that the budget Nigeria currently has is too small for the population the country contains.
Speaking on the budget, he said “I would like to say that out of the top 10 most populous countries in the world, we have the smallest national budget.
“Should we continue with a budget that leaves our populace with one of the smallest budgets, or should we consider how we can mobilise more resources?”
News
Barack Obama Says Things Could Be Better With Women in Charge
Former US President and first Black president, Barack Obama, speaks on leadership and gender. He spoke about how it would be nice for women to be in charge every now and then, as it would strike a balance and advance the government.
“Even when I was President, I sometimes fantasized about if you put women in charge of every government for like two years, and then just kind of saw, ‘All right, how are things going?’”
“I have a strong belief that things wouldn’t be perfect, but they’d be better. I’m confident about that. I really do,” he added.
News
“Nigerians Have Borne Some Real Costs” — Mohammed Idris on Tinubu’s Reforms
Minister of Information and National Orientation, Mohammed Idris, speaks on the state of the country and President Tinubu’s reign.
He analyses it and shares how Tinubu has made tough decisions. “About three years ago, President Bola Tinubu assumed office amid some very significant and structural challenges, and physical challenges.”
“His administration chose to confront the long-standing distortions rather than postpone them, and those decisions were indeed very difficult and were not politically convenient. And because of those decisions, Nigerians have borne some real costs.”
“Today, however, Nigeria is moving from the difficult work of reforms and stabilisation towards a new phase of growth and shared prosperity.”
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