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PENGASSAN Blames Outdated Distribution for Fuel Queues
At the 2024 PENGASSAN Energy and Labour Summit in Abuja, Mr. Festus Osifo, President of the Petroleum and Natural Gas Senior Association of Nigeria, highlighted the reasons behind the persistent fuel queues at filling stations. Osifo pointed to weak and outdated distribution chains in the oil and gas sector as a major cause.
He explained that Nigeria’s reliance on a single importation point and truck-based distribution is inadequate for its large population, leading to recurring fuel shortages. Additionally, he cited bad roads and flooding as factors exacerbating fuel scarcity.
Osifo also addressed the high cost of local production, which is 15-20% higher than global standards, partly due to the security burdens faced by oil and gas companies. He urged the government to assume security responsibilities from investors and strengthen laws against oil theft to reduce production costs and improve industry integrity. Without these changes, he warned, Nigeria will continue to face fuel distribution challenges.
Lagos State Police react to claims of them taking money from dispatch riders on the Coastal Road in Lagos.
It started after a rumour was shared that police arrest and take money from riders as a demand for high bribes, sometimes reaching ₦200,000, and seize motorcycles if not given.
The Police Public Relations Officer, SP Benjamin Hundeyin, then addressed the claims online and stated in his statement that he disagreed that the rumour is true and stated, “The spread of misinformation only causes more harm than good. In this era, we can and must do better.”
It has been announced by the governor of Ogun that Tuesday 3rd of February is a public holiday in order to mark the 50th anniversary of the state creation.
This public holiday declaration was released in a statement by the secretary of the state, Tokunbo Talabi.
He then added that the holiday will provide as a day for the citizens to participate in the activities for the state milestone.
Former Kogi politician, Dino Melaye, faces backlash from the public after he shared a video on social media of him abroad and living well through his luxurious lifestyle.
In the same video, he speaks about Nigeria’s current economy and shares his disappointment.
He wrote, “See country, God help us to build a true nation where our wicked leaders will be in jail and the right people in power. Nigeria must be fixed. YES WE CAN.”
However, many state that what he posted and what he is saying contradict each other, and they accused him of sharing his own records to know if he was a corrupt leader.
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