With N69.3bn ‘Under-recovery’, NNPC Retains Petrol Price at N145/ltr in Jan Calculation based on new consumption rate, landing cost Under-recovery in line with credit structure, corporation insists Chineme Okafor in Abuja The Nigerian National Petroleum Corporation (NNPC) may have absorbed a financial subsidy worth N69.393 billion in January to keep the pump price of petrol
at service stations within the government’s regulated price of N145 per litre, THISDAY investigation has revealed. THISDAY checks were based on disclosures and figures given by the NNPC on the landing
cost of petrol and current volume of petrol consumed in the country. These figures were provided in December 2017 – for the landing cost, and January 2018 – for current consumption rate.
Though the NNPC did not confirm the figures, it however told THISDAY that its underrecovery in this regards was in line with its credit structure, but that it was looking to the federation to help in the
recovery. The NNPC’s Group Managing Director, Dr. Maikanti Baru, had last December, disclosed to journalists that the landing cost of petrol was N171.40, with a metric tonne at $620.
He also stated during a session with the Joint National Assembly Committee on Petroleum Downstream in January that the current Continued on page 8
FG Releases N110bn for Social Investment Programme… Page 10 Sunday 4 February, 2018 Vol 22. No 8326
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Benue Killings: IGP Complicit, On Mission to Mislead Nigerians, Says Ortom Gov insists killings preceded anti-open grazing law Abimbola Akosile in Lagos, George Okoh in Makurdi, Daji Sani in Yola Governor Samuel Ortom of Benue State yesterday
condemned the Inspector General of Police, Mr. Ibrahim Idris, for blaming the incessant killing of natives by herdsmen on the state’s anti-open grazing law, saying the IGP’s stance portrays him as deceitful and
complicit in the murders. In a statement by his press secretary, Mr. Terver Akase, Ortom said the bloody attacks on communities by herdsmen predated the law and prompted it, as the state government sought measures
Herdsmen-farmers’ clash claims lives in Adamawa to stop the killings. In a related development, several people were killed yesterday in Song and Shelleng local government areas of Adamawa State, with many villages destroyed, following
a gun and arson attack by herdsmen said to be on a reprisal mission. The affected villages included Simba, Shure, and other adjoining communities. Ortom was in the release
responding to statements credited to Idris, where he was quoted as offering the law banning open grazing of cattle in Benue State as explanation Cosntinued on page 8
2019: Buhari’s Men Court Igbo with 2023 Presidency, But S'West Remains an Issue Proposed change in election order still a concern in Aso Rock Olawale Olaleye In a new strategy to smoothen the path to the reelection of President Muhammadu Buhari, some of the president’s henchmen have begun moves to penetrate the South-east zone of the country with a view to securing the support of the Igbo and in turn assure them of the 2023 presidency. A presidency source told THISDAY at the weekend that the idea was that if the Igbo embrace this campaign, the 2023 presidential election, which is expected to shift to the south of Nigeria, might just be theirs for the taking. Thus, in strengthening Buhari’s re-election project, some of his men have concluded that such understanding with the South-east could help break the likely southern opposition to the reelection of the president if the Igbo see the sense in the new argument to trade their support for the presidency in 2023. The South-east voted massively in support of Dr. Goodluck Jonathan, Buhari’s
opponent in 2015 presidential election. The zone was until recently a cauldron of secessionist agitations. The president’s men are said to hold the view that the prevailing circumstance provides the best opportunity for the Igbo to produce a president of their extraction in 2023 since it is the only zone in the South that is yet to produce the president of the country since the return of democracy in 1999. The reasoning is that by 2023, Buhari would have completed his second term. But supporting a fresh candidate from the North in 2019 would mean pushing the Igbo hope to 2027, as the new candidate would want to do two terms. It is therefore the belief of the president's strategists that some of the prominent southern leaders who have begun to declare support for Buhari are doing so because they have their eyes on the nation’s number one seat and importantly, they are doing so
STANDING WITH WORLD LEADERS... DJ Cuppy (middle) teaching French President Emmanuel Macron (right) and Senegalese President Macky Sall how to DJ at
Cosntinued on page 8 the Global Partnership for Education Financing Conference in Dakar... recently