MOMAN: Subsidy Has Diminished Nigerian Institutions' Capacity to Deal with Energy Crisis DSS threat won’t guarantee availability of products nationwide, petrol retailers say Scarcity eases in Abuja after stakeholders’ meeting Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Major Oil Marketers Association
of Nigeria (MOMAN) has declared that Nigerian institutions now have diminished capacity to deal with the current local energy crisis driven
by the breakdown in petrol supply and distribution system due to long years of subsidy payment. MOMAN stated this in a
statement yesterday, during an online workshop for energy reporters, which centred on the need for deregulation of petrol
pricing and the discontinuation of subsidy to encourage investments and competition in the downstream petroleum subsector.
This was just as the Petroleum Products Retail Outlets Owners Continued on page 37
Gbajabiamila: State Assemblies Stalling Amendments to 1999 Constitution... Page 39 Tuesday 13 December, 2022 Vol 27. No 10108. Price: N250
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FG Abolishes Facemask at Airports, Relaxes COVID-19 Rules... Page 6
CBN: Devt. Finance Interventions Have Boosted Food Security Says efforts underway to unlock finance for MSMEs Declares initiatives have supported economic diversification Govs Bagudu, Abubakar, others laud Emefiele for huge financing support to states James Emejo in Abuja The Central Bank of Nigeria (CBN)
yesterday said its development finance initiatives have reduced the country’s reliance on food
imports and stemmed the drain on foreign exchange which had, in turn, checked imported inflation
and stimulated local productivity. The apex bank noted that its various interventions had helped to
diversify the base of the economy away from oil to the real sector, and boosted the sub-national economy.
CBN Director, Development Continued on page 37
Obasanjo: Nigeria at Crossroads, Needs Leader With Right Character Says he’s paid his dues Gideon Arinze in Enugu Former President Olusegun Obasanjo says Nigeria is at a critical moment in her political history and needs a leader with the right character and capacity to turn things around. Obasanjo said he was working with other elder statesmen to enthrone a new Nigeria, where everyone would have a sense of belonging and there would be justice for all. The former president stated these yesterday at the Ohanaeze Ndigbo National Secretariat in Enugu, where he signed a condolence register opened by the group of elders for the First Republic Minister of Aviation, Chief Mbazulike Amaechi, who died on November 1. The leader of the apex Yoruba socio-political organisation, Afenifere, Pa Ayo Adebanjo, and presidential candidate of the Labour Party (LP), Mr. Peter Continued on page 37
11TH PRACTICAL NIGERIA CONTENT FORUM... L-R: MD, Heirs Holding Oil & Gas, Mr. Osayande Igiehon; Executive Vice President (Gas, Power & New Energies), NNPC Limited, Mr. Abdulkabir Ahmed; Executive Secretary/Chief Executive, Nigerian Content Development & Monitoring Board (NCDMB), Engr. Simbi Wabote; former Executive Secretary, NCDMB, Dr. Ernest Nwapa; Chairman, Independent Petroleum Producers Group (IPPG)/ Waltersmith Group, Mr. Abdulrazaq Isa; MD/Country Chair, Shell Nigeria Petroleum Development Company of Nigeria, Mr. Osagie Okunbor and MD, Shell Nigeria Exploration & Production Company (SNEPCo), Mrs. Elohor Aiboni, at the 11th Practical Nigeria Content (PNC) forum in Uyo, Akwa Ibom State...recently
Police Kill Three, Arrest Two as Bandits Attack INEC Office in Owerri ... Page 41