Connect with us

News and Report

Real Reason Nigerian Government Reduces Price Of Gasoline, Petrol Now N87 Per Liter

Published

7 years ago

on

President Goodluck Jonathan of Nigeria tonight approved reduction in the price of gasoline from N97 ($0.52) to N87 ($0.47) per liter . The announcement, generally perceived as a political stunt, meant that Nigerians will pay less per gallon of gasoline. Nigeria’s minister of petroleum resources, Diezani Alison-Madueke broke the news to journalists at the State House.

President Goodluck Jonathan of Nigeria tonight approved reduction in the price of gasoline from N97 ($0.52) to N87 ($0.47) per liter .

The announcement, As reported by Sahara Reporters, generally perceived as a political stunt, meant that Nigerians will pay less per gallon of gasoline.

Nigeria’s minister of petroleum resources, Diezani Alison-Madueke broke the news to journalists at the State House.

Below is the full statement from Nigeria’s Petroleum minister:

As you may be aware, there has been a lot of volatility in the oil market in the past few months and due to this the importation prices of our petroleum products have been impacted.

Therefore, with the approval and directive of Mr. President and by virtue of Section 6 clause 1 of the Nigerian Petroleum Act, it is my responsibility as Minister of Petroleum Resources to hereby announce a reduction in the pump price of Petroleum Motor Spirit (Petrol) from the current Ninety Seven Naira (=N=97) per litre pump price down to Eighty Seven Naira (=N87=) per litre pump price, effective from twelve (12) midnight Sunday, 18th of January 2015.

Accordingly, I have directed the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Department of Petroleum Resources (DPR) to ensure strict compliance of this price adjustment by all marketing companies.

It is my hope that all Nigerians will benefit from this adjustment. I thank you and God Bless you all.

Diezani Alison-Madueke (Mrs.)

Minister of Petroleum Resources

Related Topics:
Continue Reading
Advertisement

News and Report

Lagos Takes a Giant Leap Towards a Cleaner, Greener Future with Proper Waste Disposal Bins

Published

2 days ago

on

December 11, 2024

By

Join the Movement to Build a Culture of Proper Waste Segregation and Disposal in Lagos. 

 

As part of its efforts to promote a cleaner, greener, and healthier environment, The Architects Place Ltd In conjunction with the Ministry of Environment and Water Resources has launched an initiative to provide proper waste disposal bins across the state.

 

The initiative, which is aimed at building a culture of proper waste segregation and disposal, is designed to encourage residents, businesses, and institutions to properly dispose their waste and recyclables.

The proper waste disposal bins, which are designed to accommodate different types of waste, including recyclables, organics, and non-recyclable waste, will be strategically located in public spaces, markets, and other high-traffic areas.

 

This will help to reduce the amount of waste that ends up in landfills and waterways, improving environmental health and reducing the risk of disease. By providing separate bins for recyclables, the initiative will encourage residents and businesses to recycle more, reducing waste and conserving natural resources.

 

We urge all residents, businesses, and institutions in Lagos to join us in this effort to build a culture of proper waste segregation and disposal. Together, we can make a difference and create a cleaner, greener, and healthier environment for all.

 

For more information on the proper waste disposal bin initiative, please contact:

 

Ministry of Environment & Water Resources, Alausa Lagos State.

Continue Reading

News and Report

National Grid Collapses 12th Time In 2024

Published

2 days ago

on

December 11, 2024

By

 

Nigerians were left in darkness on Wednesday following yet another collapse of the national power grid.

 

Since January 2024, the grid has collapsed 11 times.

 

 

In just one week in October, the grid failed three times, causing widespread blackouts and prompting reactions from Nigerians

 

 

A tweet from Nigeria’s National Grid official handle confirmed the collapse at approximately 2:09 pm on Wednesday.

 

“The major grid setback has occurred and the restoration is to commence,” the tweet stated.

 

 

 

 

More to come…

Continue Reading

News and Report

Just In: Abuja High Court Denies Yahaya Bello’s Bail Request…..

Published

3 days ago

on

December 10, 2024

By

 

A High Court of the Federal Capital Territory (FCT) in Maitama has rejected the bail request by former Kogi State Governor, Yahaya Bello.

 

Bello is standing trial, along with two others, on an alleged N110bn money laundering charge brought against him by the Economic and Financial Crimes Commission (EFCC).

 

Justice Maryanne Anenih, in a ruling on Tuesday, faulted the competence of Bello’s bail application, stating that it was filed prematurely.

 

Justice Anenih held that, since the application was made when Bello was neither in custody nor before the court, it was deemed incompetent.

 

She said: “Consequently, the instant application, having been filed prematurely, is hereby refused.”

 

 

 

More to come…

Continue Reading

Trending