That Inflammable Battle Between Fuel Depot Owners and Cardoso Family

There is a strong allegation of threat to the eight petroleum depots and other oil and gas facilities at Kirikiri Town, Apapa, in Apapa Local Government Area of Lagos state. The dreadful plan of the adversaries, according to one of the senior workers, is to disrupt the movement of vessels supplying fuel to these depots. This, he stated matter-of-factly, would inevitably cause a major fuel crisis in the country.


The disposition of some stakeholders in the oil and gas industry is that the Federal and Lagos State governments must, as a matter of urgency and necessity, proactively intervene to prevent this looming crisis as the success of such a vicious sabotage would almost instantly plunge the country into a major fuel and security crisis.

To be sure, just two of the eight depots, Swift Oil Limited and BOVAS Group operate over 200 fuel outlets in the country with about 35million litres of fuel in the belly of their petroleum storage depots. This means that the gaseous hydrocarbons in the tanks of these two companies alone could serve the entire country for, at least, two or three days. It becomes easy then to visualise the ruinous impact that shutting down these two behemoths would have, how much more eight of them. This explains why both Lagos State and the Federal Government must not treat this threat with the usual mute indifference because it portends frightful consequences for the economy and security of the nation.

But it wasn’t as if these threats came as a total surprise. The tragic drama that played out on Tuesday, August 8, 2023, at the premises of these organisations, was a dismal omen of what was to come. On that day, Bailiffs and some officials of the High Court of Lagos State besieged Kirikiri Town and sealed off the eight depots belonging to these members of the Kirikiri Town Depot Owners’ Association as well as residential buildings in the community. The depot owners received this news of what looked like a judicial coup with an incredulous gasp. First, they were not in any legal tussle with anyone, neither were they a party to any suit over their titles. They therefore came to the grim conclusion that this must be one of those extortion rackets that have become the ordeal of many property owners in Lagos due to the unconscionable acts of some family outlaws and land grabbers backed by some mercenary Lawyers. But this one would even be much more complicated. Perhaps an accentuated version by a more resolute group.


The Depot Owners soon found out that a group of nine persons that claimed to be the great grandchildren and members of the family of the original owner of the land they bought had gone to the court and shockingly obtained a Consent Judgement given by Honourable Justice Jumoke Pedro on Monday, June 23, 2014 in Suit No. M/7/2014. The very Honourable Judge gave this far reaching judgement without giving those so gravely affected the opportunity of appearance to canvas their position. A suit that the outcome could mortally alter the economic wellbeing of this country went through a full adjudication almost covertly without making those directly affected parties to the case. It is important to stress this acute omission because the judiciary cannot exist without the trust and confidence of the people. It is in fact the belief by the people that their Judges are fair and impartial that sustains and drives the judiciary.


Now, here is what happened. Those nine people that claimed to be members of Cardoso family, the parties to the suit, (allegedly) split themselves into claimants and defendants over the Estate of late Lawrence Anthonio Cardoso, the authentic owner of the Estate. This is a very familiar extortionist strategy that is prevalent in Lagos. It is commonplace. And true to the usual outcome, they were given a sweeping Consent Judgement that set aside all previous dealings in properties forming part of Lawrence Anthonio Cardoso Estate while the Administrator-General and Public Trustee of Lagos state was authorised and mandated to take possession of all properties in the estate.


The Lawyers to the depot owners felt strongly that the court was misled to give this horror inflicting judgement. And so they approached the court with an Originating Summons in suit No. LD/1679/LM/2017 to redress this judgement. But the judge did not hear the case. Instead he referred them to the Lagos Multi-Door House for mediation. The judgement creditors, the group of nine, allegedly demanded some payments from each of the eight organisations. The serious minded business moguls behind the depots could not take this barefaced brigandage. And so their Lawyers returned to the courtroom. But their suit was dismissed in a judgement delivered on Monday, July 10, 2023. And pronto, on that same day, the Applicants obtained a warrant of possession for the execution of the judgement. This is despite the fact that the judgement contained no order for possession and was essentially declaratory and not amenable to execution.


Now, to appreciate the curious thing about this matter in issue, you need to understand the fact that none of these depot owners bought their land from Cardoso, the original owner of the estate who died on February 11,1940. For instance, it was only in 1977, about 37 years after Cardoso’s passing, that one Prince Jeremiah Cousin Mosheshe bought a parcel of land from the six biological children of the late Lawrence Anthonio Cardoso. The Prince, Mosheshe, did not forget to register this land with the Lagos State Land Registry and indeed perfected his title by obtaining Governor’s Consent.


In the next 20 years, more people would acquire varying parcels of land from the late Cardoso children and grandchildren, in the same manner that the children and grandchildren of this Prince Mosheshe also sold parcels of their land acquired from the Cardoso family. Among those that bought their lands from the Mosheshes were some of these fuel depot owners that operate under the aegis of Kirikiri Town Depot Owners’ Association. Having done due diligence and convinced they had a perfect title that paraded the signature item called Governor’s Consent, they commenced their capital intensive petroleum business on these lands. For over 20 years they ran their businesses without any hindrance. But all that changed on that Tuesday, August 8, 2023, when some Bailiffs and court officials sealed off their properties and many residential buildings in Kirikiri Town.


In their counter affidavit, these purported members of Cardoso family, claimed that Lawrence Anthonio Cardoso died intestate and dispute subsequently arose among his children over the distribution of his property. They further claimed that some of the children sold some parcels of land without obtaining Letters of Administration to administer the Estate. Then, after over 75 years of Cardoso’s death, one faction of his family members suddenly instituted a suit against another faction and the final outcome was the sealing of eight depots through a process that may be viewed by the victims as deliberately opaque.


And now, in a publication on Monday, November 20, 2023, the Lawrence Anthonio Cardoso family, led by the Family Head, Chief Tunlese Cardoso, came out to put up a disclaimer addressed to the Inspector General of Police and the general public describing the nine judicial adventurists as the unscrupulous members of the family “who have been working with some notorious land grabbers in Lagos to deny people who genuinely bought and leased landed property from our family in Kirikiri Town for a long time, the right to own and enjoy their properties…”.


From this publication alone, it is clear that the owners of the sealed depots and other oil and gas facilities as well as residential buildings are mere victims of a conclave of predatory land owners and the ritual of extortion still pervasive in the acquisition or disposition of family estates in Lagos.


The Executive Governor of the State, Babajide Sanwo-Olu understands these convoluted transactions in his State. For this reason, he allegedly brokered a temporary truce that allows the depot owners to continue to carry out their businesses pending the determination of their appeal. But now, the group of nine and their agents are reportedly threatening to disrupt their business in breach of the deal reached with the Executive Governor. And this is why it is critical for the Executive Governor of Lagos State and, indeed, the Federal Government to make a crucial intervention that will bring about a lasting resolution to this dispute. And the time is now. Anything to the contrary is to set in slow motion a process that will culminate in an economic catastrophe in Nigeria.

That Inflammable Battle Between Fuel Depot Owners and the Cardoso Family

There is a strong allegation of threat to the eight petroleum depots and other oil and gas facilities at Kirikiri Town, Apapa, in Apapa Local Government Area of Lagos state. The dreadful plan of the adversaries, according to one of the senior workers, is to disrupt the movement of vessels supplying fuel to these depots. This, he stated matter-of-factly, would inevitably cause a major fuel crisis in the country.

The disposition of some stakeholders in the oil and gas industry is that the Federal and Lagos State governments must, as a matter of urgency and necessity, proactively intervene to prevent this looming crisis as the success of such a vicious sabotage would almost instantly plunge the country into a major fuel and security crisis.

To be sure, just two of the eight depots, Swift Oil Limited and BOVAS Group operate over 200 fuel outlets in the country with about 35million litres of fuel in the belly of their petroleum storage depots. This means that the gaseous hydrocarbons in the tanks of these two companies alone could serve the entire country for, at least, two or three days. It becomes easy then to visualise the ruinous impact that shutting down these two behemoths would have, how much more eight of them. This explains why both Lagos State and the Federal Government must not treat this threat with the usual mute indifference because it portends frightful consequences for the economy and security of the nation.

But it wasn’t as if these threats came as a total surprise. The tragic drama that played out on Tuesday, August 8, 2023, at the premises of these organisations, was a dismal omen of what was to come. On that day, Bailiffs and some officials of the High Court of Lagos State besieged Kirikiri Town and sealed off the eight depots belonging to these members of the Kirikiri Town Depot Owners’ Association as well as residential buildings in the community. The depot owners received this news of what looked like a judicial coup with an incredulous gasp. First, they were not in any legal tussle with anyone, neither were they a party to any suit over their titles. They therefore came to the grim conclusion that this must be one of those extortion rackets that have become the ordeal of many property owners in Lagos due to the unconscionable acts of some family outlaws and land grabbers backed by some mercenary Lawyers. But this one would even be much more complicated.  Perhaps an accentuated version by a more resolute group.

The Depot Owners  soon found out that a group of nine persons that claimed to be the great grandchildren and members of the family  of the original owner of the land they bought had gone to the court and shockingly obtained a Consent Judgement given by Honourable Justice Jumoke Pedro on Monday,  June 23, 2014 in Suit No. M/7/2014. The very Honourable Judge gave this far reaching judgement without giving those so gravely affected the opportunity of appearance to canvas their position. A suit that the outcome could mortally alter the economic  wellbeing of this country went through a full adjudication almost covertly without making those directly affected parties to the case. It is important to stress this acute omission because the judiciary cannot exist without the trust and confidence of the people. It is in fact the belief by the people that their Judges are fair and impartial that sustains and drives the judiciary.

Now, here is what happened.  Those nine people that claimed to be members of Cardoso family, the parties to the suit, split themselves into claimants and defendants over the Estate of late Lawrence Anthonio Cardoso,  the authentic owner of the Estate. This is a very familiar extortionist strategy that is prevalent in Lagos. It is commonplace. And true to the usual outcome, they were given a sweeping Consent Judgement that set aside all previous dealings in properties forming part of Lawrence Anthonio Cardoso Estate while the Administrator-General and Public Trustee of Lagos state was authorised and mandated to take possession of all properties in the estate.

The Lawyers to the depot owners felt strongly that the court was misled to give this horror inflicting judgement. And so they approached the court with an Originating Summons in suit No. LD/1679/LM/2017 to redress this judgement. But Justice O. O. Ogunjobi would not hear the case. Instead he referred them to the Lagos Multi-Door House for mediation. Expectedly, the judgement creditors, the group of nine allegedly demanded N500million from each of the eight organisations. The serious minded business moguls behind the depots could not take this barefaced brigandage. And so their Lawyers returned to the courtroom. But their

suit was dismissed by Hon. Justice O. O Ogunjobi in a judgement delivered on Monday, July 10, 2023. And pronto, on that same day, the Applicants obtained a warrant of possession for the execution of the judgement. This is despite the fact that the judgement contained no order for possession and was essentially declaratory and not amenable to execution.

Now, to appreciate the curious thing about this matter in issue, you need to understand the fact that none of these depot owners bought their land from Cardoso, the original owner of the estate who died on February 11,1940. For instance, it was only in 1977, about 37 years after Cardoso’s passing, that one Prince Jeremiah Cousin Mosheshe bought a parcel of land from the six biological children of the late Lawrence Anthonio Cardoso. The Prince, Mosheshe, did not forget to register this land with the Lagos State Land Registry and indeed perfected his title by obtaining Governor’s Consent.

In the next 20 years, more people would acquire varying parcels of land from the late Cardoso children and grandchildren, in the same manner that the children and grandchildren of this Prince Mosheshe also sold parcels of their land acquired from the Cardoso family. Among those that bought their lands from the Mosheshes were some of these fuel depot owners that operate under the aegis of Kirikiri Town Depot Owners’ Association. Having done due diligence and convinced they had a perfect title that paraded the signature item called Governor’s Consent, they commenced their capital intensive petroleum business on these lands.   For over 20 years they ran their businesses without any hindrance. But all that changed on that Tuesday, August 8, 2023, when some Bailiffs and court officials sealed off their properties and many residential buildings in Kirikiri Town.

In their counter affidavit, these purported members of Cardoso family, claimed that Lawrence Anthonio Cardoso died intestate and dispute subsequently arose among his children over the distribution of his property.  They further claimed that some of the children sold some parcels of land without obtaining Letters of Administration to administer the Estate. Then,  after over 75 years of Cardoso’s death, one faction of his family members suddenly instituted a suit against another faction and the final outcome was the sealing of eight depots through a process that may be viewed by the victims as deliberately opaque.

And now, in a publication on Monday, November 20, 2023, the Lawrence Anthonio Cardoso family, led by the Family Head, Chief Tunlese Cardoso,  came out to put up a disclaimer addressed to the Inspector General of Police and the general public describing the  nine judicial adventurists as the unscrupulous members of the family “who have been working with some notorious land grabbers in Lagos to deny people who genuinely bought and leased landed property from our family in Kirikiri Town for a long time, the right to own and enjoy their properties…”.

From this publication alone, it is clear that the owners of the sealed depots and other oil and gas facilities as well as residential buildings are mere victims of a conclave of predatory land owners and the ritual of extortion still pervasive in the acquisition or disposition of family estates in Lagos.

The Executive Governor of the State, Babajide Sanwo-Olu understands these convoluted transactions in his State. For this reason, he allegedly brokered a temporary truce that allows the depot owners to continue to carry out their businesses pending the determination of their appeal. But now, the group of nine and their agents are reportedly threatening to disrupt their business in breach of the deal reached with the Executive Governor. And this is why it is critical for the Executive Governor of Lagos State and, indeed, the Federal Government to make a crucial intervention that will bring about a lasting resolution to this dispute. And the time is now. Anything to the contrary is to set in slow motion a process that will culminate in an  economic catastrophe in Nigeria.

Fuel subsidy: FG speeds up implementation of MOU to avert industrial action

When Tuesday October 30, 2023, President Bola Ahmed Tinubu wrote to the Senate to seek approval for N2.18 trillion Supplementary Budget, he did not mince words in pointing at the urgency of the matter at issue.

Urging the Senate to “speedily” approve the budget, it was obvious, even to the law makers that the matter at hand requires expeditious attention.

And at the heart of that request, requiring speedy attention is the implementation of the 15-point Memorandum of Understanding, MOU, signed by the government and Labour Unions Leaders on October 3, 2023 in Abuja.

The agreement includes the Federal Government approval of a wage award of N35,000 to all Federal Government workers beginning from the month of September pending when a new national minimum wage is expected to have been signed into law, suspension of collection of Value Added Tax (VAT) on Diesel for six months beginning from October, 2023.


Federal Government also agreed to vote N100 billion for the provision of high capacity CNG buses for mass transit in Nigeria. The Federal Government also agreed to pay N25,000 per month for three months starting from October, 2023 to 15 million vulnerable households, including pensioners, commitment on the part of the federal government to the provision of funds as announced by the President on the 1st of August broadcast to the Nation for Micro and Small Scale Enterprises. The MSMEs beneficiaries should commit to the principle of decent jobs.

The situation today is that the federal government, in a bid to stave off disruptive labour unrest, has commenced the implementation of the MOU.

The Supplementary Budget which the President sent to the Senate on Tuesday requiring speedy treatment was in a bid to appropriate the needed funds for the implementation of critical aspects of the MOU.

In that N2.18 trillion Supplementary Appropriation is the sum of N210 billion for the agreed wage award and another N400 billion for Cash Transfer to vulnerable households, while another N200 billion is for Seed and Agricultural Inputs and Equipment.

Just last week Friday, seven CNG Conversion Centers were inaugurated with more coming up across the country, according to Zach Adedeji, Chairman of the CNG Conversion Committee, while two CNG buses were handed over to Olusesan Adebiyi, the State House Permanent Secretary, at the presidential villa, Abuja.

Provisions are also being made for initial 55,000 CNG conversion kits to kick start an Auto Gas Conversion Programme.

On Refineries, the Presidential Committee had visited the Refineries, ascertained their rehabilitation status and assured the nation that Warri Refinery and Petrochemicals would resume pumping of fuel before the end of the year.

In listening to the yearnings of the Academic Staff Union of Universities (ASUU), the President , Bola Ahmed Tinubu, last week approved a partial waiver of the “No Work, No Pay” order on members who participated in the last 8 months long strike and ordered the release of four months of their withheld salaries.

In a similar vein, in commemoration of the 2023 International Day for the Eradication of Poverty last week, President Tinubu launched the disbursement of N25,000 to 15 million households for three months as a social safety net.

To complement the efforts of the Federal Government and avert a face off with Labour is the commendable moves by some private sector players as exemplified by the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, an Association that threw its weight behind the government’s decision to end the subsidy regime and to deregulate the downstream sector of the oil industry. DAPPMAN, leading other oil marketers, are now ready to donate a number of CNG buses to the federal government to help mitigate the effects of petrol subsidy removal.

According to DAPPMAN chairman, Dame Winifred Akpani, the donation is to support the federal government’s post-subsidy palliative measures.
She said: “We collectively agreed that we’re going to work at providing real mass transit buses that work. The ones that run on CNG, which is a compressed natural gas and diesel interchangeably,” the DAPPMAN Chair said.

For this marketers’ association, it is walking the talk. DAPPMAN had been in the forefront of the calls for the removal of fuel subsidy affirming repeatedly that it will put an end to fuel scarcity, eliminate unnecessary hardship on Nigerians seeking to buy fuel, reduce waste and stimulate responsible consumption of this petrol .

Now that the federal government has yielded to the calls and abolished the subsidy, DAPPMAN has also taken the lead in support of government’s bold and creative actions towards cushioning the harsh effects of the subsidy termination.

Another good news is that of the planned injection of fresh $10 billion into the Nigerian economy in the coming weeks. This, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun says would provide the much-needed relief to a liquidity squeeze that has been adversely affecting the Naira.

He emphasized that the substantial inflow is expected to play a significant role in bolstering Nigeria’s economic stability and alleviating the pressures on the national currency.

It is also anticipated that the fresh inflow will help to open the official forex window to oil marketers to accelerate their quick return to business and begin fuel importation to help stabilise fuel supply and distribution.

Other experts have added that government should look into streamlining the cost of importation of fuel by charging the taxes in local currency. This, they insist, will reduce the cost of fuel import and further help to reduce the price of fuel for Nigerians thus complementing government’s much needed efforts in this direction.

Other efforts by the government to boost forex inflow is the $3bn emergency loan the Nigerian National Petroleum Company Limited (NNPCL) secured from Afreximbank.

An analyst said: “Goldman Sachs is an external asset manager to the CBN, so using NNPC’s account that CBN manages with Goldman as an unsecured credit line to tap $10bn for the purposes of clearing outstanding forwards and stabilizing the exchange rate back to the N800 range is plausible,” he said.
“This means that Goldman Sachs will net off gas revenues from WAGPCO and NLNG over an extended period to repay back.”

This approach, which involves an upfront cash loan against proceeds from a limited amount of future crude oil production, was used by the NNPCL to secure the $3 billion emergency loan from Afreximbank.

With all these proactive measures aimed at meeting the agreements reached with labour and to reignite the economy with the ultimate objective of engendering economic growth and alleviating poverty, the contention out there is that the labour/government face off is about to be resolved for the benefits of all Nigerians.

Said Olusesan Ige, an Abuja based Media Content Creator: “The fact on ground today is that the federal government has shown good faith, good intentions, it is obvious, even for the Labour also to see. The issue of ultimatum no longer holds. I think labour will sheath the sword now that all their requests are being swiftly attended to.”

Land owners gives Kirikiri Fuel Depot Owners, others, clean bill of health

The Late Lawrenco Antonio Cardoso Family, under the leadership of its Olori-Ebi Head of Family, Chief Tunlese Cardoso, has thrown its weight behind the owners of oil and gas facilities, container jetties, and residential buildings in Kirikiri Town Area of Lagos, asserting that it has resolved to put an end to the ongoing closure of all the properties in the area.

In what property sector players described as a fundamental family position that could bring the seemingly intractable crisis between these property owners and some grandchildren of the late Cardoso to a resolution, the Cardoso family declared emphatically, through a recent Advertorial that the family indeed sold or leased the properties to the affected owners and is, therefore, not a party to denying them the use of and access to products of their sweat.

The family said: “We were invited by the police at the Zone 2 Police Command to give our statements on all the transactions our family has done on our estate in Kirikiri Town, and we want to make it clear that our family has sold and leased out the said properties in Kirikiri Town to its present occupants, and we have no intention to take back the properties from the people we have sold and leased them to.”

While berating the activities of a few of its family members, whom it accused of conniving with some unscrupulous land grabbers to deny those who genuinely bought or leased properties from their family their rights to enjoy their homes and business premises, it warned those concerned to desist from the unwholesome act.

The statement, which has the signatures of the Head of the Family and other elders of the various branches of the family, accused a few members of the family of despicable conduct by asking those to whom the family had already sold the properties to pay the sum of N5 billion if they wanted to retain ownership of the properties.

The family head and elders said further:  “On our part, we have resolved to put an end to this embarrassing situation by asking every person who genuinely bought and leased their property from our family in Kirikiri Town to go and unseal their homes and business facilities.”

Coming down hard on the black legs in the family and their collaborators, the Cardoso family called on the Inspector General of Police and other security agencies to arrest the ugly situation timeously.

The statement said further: “We urge the Inspector General of Police and heads of security agencies within the country to be mindful of the antics of these unscrupulous members of our family and their notorious land-grabbing agents, who have deprived innocent residents of Kirikiri Town of their means of livelihood in the last three months.”

The Cardoso Family, in its public statement, specifically urged the management of all the oil marketing companies with depots and other facilities in Kirikiri Town to go and resume their operations immediately.

It will be recalled that on Tuesday, August 8, 2023, some bailiffs and officials of the High Court of Lagos State stormed Kirikiri Town and sealed off a number of depots, other oil and gas facilities, and some residential areas. The officers were said to be carrying out a court judgment delivered on Monday, June 23, 2014, by Honourable Justice Jumoke Pedro in respect of a suit filed by some nine grandchildren of the late Cardoso contesting the ownership of the properties.

Legal pundits have expressed concerns over the judgement and its fall-out, given that Depot Owners and other property owners in Kirikiri Town were not in any legal disputes with any party, nor were they a party to any suit in respect of their titles on the properties, nor were they joined as co-defendants in the suit, in which a judgment was said to have been given to seal off their business and residential premises.

High-level sources disclosed that mindful of the embarrassing situation and the grave economic implications of the KirikiriTown debacle, the Lagos State Government may have decided to intervene decisively to restore sanity and bring the ugly situation to an end, through an out-of-court settlement, even as an appeal has been filed contesting the judgements arising from the case.

Fuel Subsidy Removal Face-off

When Tuesday October 30, 2023, President Bola Ahmed Tinubu wrote to the Senate to seek approval for N2.18 trillion Supplementary Budget, he did not mince words in pointing at the urgency of the matter at issue.

Urging the Senate to “speedily” approve the budget, it was obvious, even to the law makers that the matter at hand requires expeditious attention.

And at the heart of that request, requiring speedy attention is the implementation of the 15-point Memorandum of Understanding, MOU, signed by the government and Labour Unions Leaders on October 3, 2023 in Abuja.

The agreement includes the Federal Government approval of a wage award of N35,000 to all Federal Government workers beginning from the month of September pending when a new national minimum wage is expected to have been signed into law, suspension of collection of Value Added Tax (VAT) on Diesel for six months beginning from October, 2023.
Federal Government also agreed to vote N100 billion for the provision of high capacity CNG buses for mass transit in Nigeria. The Federal Government also agreed to pay N25,000 per month for three months starting from October, 2023 to 15 million vulnerable households, including pensioners, commitment on the part of the federal government to the provision of funds as announced by the President on the 1st of August broadcast to the Nation for Micro and Small Scale Enterprises. The MSMEs beneficiaries should commit to the principle of decent jobs.

The situation today is that the federal government, in a bid to stave off disruptive labour unrest, has commenced the implementation of the MOU.

The Supplementary Budget which the President sent to the Senate on Tuesday requiring speedy treatment was in a bid to appropriate the needed funds for the implementation of critical aspects of the MOU.

In that N2.18 trillion Supplementary Appropriation is the sum of N210 billion for the agreed wage award and another N400 billion for Cash Transfer to vulnerable households, while another N200 billion is for Seed and Agricultural Inputs and Equipment

Just last week Friday, seven CNG Conversion Centers were inaugurated with more coming up across the country, according to Zach Adedeji, Chairman of the CNG Conversion Committee, while two CNG buses were handed over to Olusesan Adebiyi, the State House Permanent Secretary, at the presidential villa, Abuja.

Provisions are also being made for initial 55,000 CNG conversion kits to kick start an Auto Gas Conversion Programme.

On Refineries, the Presidential Committee had visited the Refineries, ascertained their rehabilitation status and assured the nation that Warri Refinery and Petrochemicals would resume pumping of fuel before the end of the year.

In listening to the yearnings of the Academic Staff Union of Universities (ASUU), the President , Bola Ahmed Tinubu, last week approved a partial waiver of the “No Work, No Pay” order on members who participated in the last 8 months long strike and ordered the release of four months of their withheld salaries.

In a similar vein, in commemoration of the 2023 International Day for the Eradication of Poverty last week, President Tinubu launched the disbursement of N25,000 to 15 million households for three months as a social safety net.

To complement the efforts of the Federal Government and avert a face off with Labour is the commendable moves by some private sector players as exemplified by the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, an Association that threw its weight behind the government’s decision to end the subsidy regime and to deregulate the downstream sector of the oil industry. DAPPMAN, leading other oil marketers, are now ready to donate a number of CNG buses to the federal government to help mitigate the effects of petrol subsidy removal.

According to DAPPMAN chairman, Dame Winifred Akpani, the donation is to support the federal government’s post-subsidy palliative measures.
She said: “We collectively agreed that we’re going to work at providing real mass transit buses that work. The ones that run on CNG, which is a compressed natural gas and diesel interchangeably,” the DAPPMAN Chair said.

For this marketers’ association, it is walking the talk. DAPPMAN had been in the forefront of the calls for the removal of fuel subsidy affirming repeatedly that it will put an end to fuel scarcity, eliminate unnecessary hardship on Nigerians seeking to buy fuel, reduce waste and stimulate responsible consumption of this petrol .

Now that the federal government has yielded to the calls and abolished the subsidy, DAPPMAN has also taken the lead in support of government’s bold and creative actions towards cushioning the harsh effects of the subsidy termination.

Another good news is that of the planned injection of fresh $10 billion into the Nigerian economy in the coming weeks. This, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun says would provide the much-needed relief to a liquidity squeeze that has been adversely affecting the Naira.

He emphasized that the substantial inflow is expected to play a significant role in bolstering Nigeria’s economic stability and alleviating the pressures on the national currency.

It is also anticipated that the fresh inflow will help to open the official forex window to oil marketers to accelerate their quick return to business and begin fuel importation to help stabilise fuel supply and distribution.

Other experts have added that government should look into streamlining the cost of importation of fuel by charging the taxes in local currency. This, they insist, will reduce the cost of fuel import and further help to reduce the price of fuel for Nigerians thus complementing government’s much needed efforts in this direction.

Other efforts by the government to boost forex inflow is the $3bn emergency loan the Nigerian National Petroleum Company Limited (NNPCL) secured from Afreximbank.

An analyst said: “Goldman Sachs is an external asset manager to the CBN, so using NNPC’s account that CBN manages with Goldman as an unsecured credit line to tap $10bn for the purposes of clearing outstanding forwards and stabilizing the exchange rate back to the N800 range is plausible,” he said.
“This means that Goldman Sachs will net off gas revenues from WAGPCO and NLNG over an extended period to repay back.”

This approach, which involves an upfront cash loan against proceeds from a limited amount of future crude oil production, was used by the NNPCL to secure the $3 billion emergency loan from Afreximbank.

With all these proactive measures aimed at meeting the agreements reached with labour and to reignite the economy with the ultimate objective of engendering economic growth and alleviating poverty, the contention out there is that the labour/government face off is about to be resolved for the benefits of all Nigerians.

Said Olusesan Ige, an Abuja based Media Content Creator: “The fact on ground today is that the federal government has shown good faith, good intentions, it is obvious, even for the Labour also to see. The issue of ultimatum no longer holds. I think labour will sheath the sword now that all their requests are being swiftly attended to.”

Return of Fuel Queues and Return of Subsidy?

There is palpable tension at petrol stations all over Lagos and spreading fast across the nation. Scarcity looms ominously. And queues have surfaced. Yet again. But this, actually, is one of the core reasons stakeholders in the downstream sector of the oil industry insisted on the need to remove subsidy from fuel.

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), for instance, held that the abolition of subsidy would help to end perennial fuel scarcity, eliminate unnecessary hardship on citizens in need of fuel, reduce waste and stimulate responsible consumption. These fuel marketers must have taken their informed position in anticipation of a full deregulation, a total abolition of subsidy in which market forces will determine the price of petroleum products. They would have expected that government would create a little if not comfortable leeway for access to foreign exchange by the importers of refined products so that buying petrol would no longer be a subject-matter of serious conversations.

They couldn’t have thought that there would yet again be any form of artificial prices for petrol ; a situation where the naira is sliding miserably against the dollar , where there is a surge in the price of crude oil in the international market and the pump price of fuel remains the same, stagnant, in their country, Nigeria . It will be commonplace now to say that what Nigerians and indeed the fuel marketers are seeing is a different scenario, albeit an unpalatable drama. The hard fact today is that there is pressure on supply of fuel if not full blown scarcity. A lot of fuel stations are not selling, some are shut down because supply is not forthcoming. And there is no question that the Nigerian National Petroleum Company Limited, NNPCL, is to blame. We must call a spade a spade. News emerging from credible sources insist that NNPCL should take responsibility for the irregular supply and flow of fuel from the pumps.

According to a source, NNPCL’s fuel reserve has diminished seriously and after a tensed meeting early this week, it resolved to supply petrol to only fuel marketers that own up to 50 petrol stations. For NNPCL to come up with a new criterion they should have allowed at least six-month grace period before implementation. This was the same NNPCL that the Group Chief Executive, Mele Kyari, only last week, told Nigerians that his corporation has over one trillion litres of petrol. And now the behemoth has prioritised only its own retail stations, NNPCL fuel stations, for supplies. And since its stations are far from being enough to provide the fuel Nigerians need in towns and hamlets around the country, delays in supply soon started, fear of scarcity snuck in and the queues returned . This selective supply to its stations is a crystal sign that NNPCL is not telling Nigerians the whole truth about the state of fuel supply. But this is made worse because the independent fuel marketers who own two, three or four stations across the country, in the remotest of villages, buy their products from DAPPMAN and the big petroleum marketers. With NNPCL starving them of supply and with no foreign exchange to import petrol, the return of queues seemed fated to happen.

However, very critical to this epileptic fuel supply is the issue of unfettered subsidy removal. Currently, petrol sells at N580.00 or N617.00 per litre. The difference is a matter of the area you are buying your fuel. And these prices have been so for about three months now. Within this same period, the value of the naira has been steadily sliding downwards, reaching an abysmal low on the parallel market on Friday, October 20, 2023 with one dollar exchanging for N1, 160. The price of crude oil has also been on upward swing. Yet, the pump price of fuel in Nigeria remains same at N580 and N617. One of the oil marketers stated categorically that, “even if the government provides us with foreign exchange today, nobody is going to be in a hurry to import pms and sell at N570/617. If you know the landing cost, you’d know it makes no business sense “. The National President of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, however threw a blazing light into why the price of fuel still remains the same. In his words “Government still subsidises fuel….In reality today, there is subsidy because as of when the earlier price (N570 ) was determined, the price of crude in the international market was around $80 for a barrel. But today, it has moved to $93/94 per barrel of Brent crude. So, because it has moved, the price of petroleum also needed to move. “He added, ” And if the exchange rate comes down today, we will not be paying subsidy because the price of petrol will go down. But with the current exchange rate and the price of crude oil in the international market, we have introduced subsidy “. In fact, an analysis of data provided by marketers and some industry stakeholders showed that the federal government could be paying as much as N1.68Trillion from September to December as subsidy. The PMS dealers stressed that the price of fuel at this time should be between N890/900 per litre and nothing less. But the Group Chief Executive of NNPCL, Mele Kyari insists there is no scarcity and attributed the sudden emergence of queues to hiccups in distribution. As he put it, “No subsidy whatsoever. We are recovering our full cost from the products we are importing…..”.

Despite Kyari’s denials about the impending turmoil in fuel supply and reintroduction of subsidy, leading players in the oil industry, stakeholders and respected economists have warned that any attempt to bring back subsidy will spell categorical disaster for the nation’s economy. This is the time to face the true market dynamics. Removal of subsidy they say offers transformative opportunities to both Nigeria’s oil and gas downstream sector and the government. Dr Uche Chukwuemeka, US based Economist and Business Analyst, says “the post subsidy removal era offers companies opportunities to quickly reinvent themselves to withstand global economic shifts, capricious energy prices, Nigeria’s macro-economic conditions and opaque forex regime.”

As the downstream sector becomes more competitive, he adds, “companies would need to review their supply chain management, leverage digital technology and have a sound risk management system to manage cost and deliver value to their stakeholders”.

Dr Chukwuemeka who has over 29 years of consulting experience, stated that subsidy can only offer artificial low price of petrol and shield companies from the reality of their profits.” The government needs to know that there are strategies available to it to keep the price of PMS relatively affordable.

 “It must make sure forex through the official window is available to fuel importers, end any form of monopoly and make the cost of import less complex, cumbersome and costly “.

Dr Chukwuemeka averred that removal of subsidy should make fuel more available and not the opposite. This would make the trade competitive and help to reduce price of fuel.

 “The government should also reduce the impact of subsidy pain by being an exemplar. It needs to curb the huge allowances of the federal law makers and drastically reduce the size of government bureaucracy and the recurrent expenditure which I understand is N8Trillion in the 2023 budget. That is over 400% increase between 2015 and 2023,”he concluded.

No question, the current emerging fuel scarcity is avoidable. The long lines could be shortened. And to achieve this, every word coming out of NNPCL at this time must be a solemn trust and instantly verifiable. They owe Nigerians the hard truth. NNPCL must banish any spirit of opportunistic monopoly and extend supplies to fuel marketers. Above all, they must consign the whole story of fuel subsidy to the footnotes of our history and point the way to the transformative economic momentum that post subsidy removal era holds for Nigerians and indeed our nation

CNG Bus: The Game Changer Is Here

In the midst of despair, there is a beam of hope once again as Nigeria goes on green with the launch and distribution of Compressed Natural Gas (CNG)-powered buses nationwide from this week, to ease the transportation challenges brought about by subsidy removal.

This is not only a dream come true but a fulfillment of an agreement resulting from the signing of the Memorandum of Understanding (MoU) by the federal government with the organized Labour on October 15, 2023.

Recall that the federal government had agreed to vote N100 billion for the provision of high capacity CNG buses for mass transit in Nigeria as part of the deal to ameliorate the pains of fuel subsidy removal. Besides, Provisions have been made for initial 55,000 CNG conversion kits to kick start an auto gas conversion programme, whilst work is ongoing on state-of-the-art CNG stations nationwide. Already, the roll out programme commenced in Lagos a few weeks ago and so far seven CNG conversion centers have been established in the country.

More than 1,000 of such centers will be opened nationwide in the next few years, with 55,000 conversions planned under the palliative programme that has kicked off, designed to reduce the cost of transportation, especially mass transit for poor Nigerians while creating over 2,000 jobs, converting vehicles from PMS to CNG Bi-fuel that runs cheaper, cleaner and better.

What this means is that, in a few days to come, Nigerians shall begin to see CNG powered vehicles on the roads.
This brought to bear the promises made by the President, Asiwaju Bola Ahmed Tinubu on October 1, 2023. In his broadcast to the nation, Tinubu declared deployment of CNG buses nationwide with a target of one million on the roads by 2027.

According to the Programme Director of the Presidential CNG Initiative, Michael Oluwagbemi, conversion to CNG buses holds importance for Nigerians and the global shift towards responsible energy selections. This, he said, extends a hand to a greener, more sustainable and affordable future.

“We are not just changing how we fuel our vehicles; we are changing lives, one job at a time”, he echoed .
CNG-powered mass transit buses would help Nigerians save two-thirds of transportation cost, and also promote the use of CNG as an alternative to petrol. This in return will cut down the cost of transportation across the country.
The Special Assistant to the President on Special Duties and Domestic Affairs, Toyin Subaru, puts it succinctly : “We are going to develop an app that will enable you to locate where a CNG station is located. We should be able to buy gas for our cars at N230 per kg as against the cost of petrol which is N680 per litre. This should help every Nigerian save about two-thirds of their transport cost.”

“Our goal in the presidential CNG initiative, as stated by the President in his October 1 speech is to make 55,000 conversion kits immediately available to the Nigerian public so that we can begin to jumpstart the CNG revolution. The palliative programme as described by the President will last until March 31, 2024. So, technically speaking, we are expected to roll out 55,000 within that time frame”, he stated

In a few days too, the fleet of CNG powered buses promised by Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) will arrive. The buses which were assembled locally, to reduce pressure on forex, will also provide a lot more jobs for the teaming populace. Sources close to the Association hinted that the CNG powered buses, already delivered to Abuja, may be commissioned by the President any moment from now.

Analysts have urged top players in the organised private sector to emulate the DAPPMAN example in strongly supporting the federal government’s clear determination and commitment to reduce the exasperating effect of subsidy withdrawal on the people .

They are of the view that Nigerians may begin to see, even in a short time, the price of CNG crashing to N230 per kg and consequently, crash transportation cost.

This, however, gives credence to the fact that the government is not left alone in cushioning the effects of fuel subsidy removal. This will lead to less pressure on PMS or Petrol and brings down the price locally.

The good news is that the federal government has not stopped at that. The $10 billion foreign exchange pumped into the money market has started yielding some impact on the economy as the Naira is gradually regaining its strength against the dollar which exchanged at N900 to a dollar on Monday. This was against N1,250 to a dollar in the previous week.

This invariably will encourage the oil marketers to return to the business as they have access to foreign exchange which had become an albatross to stable supply of fuel into the country in recent times.
It is also anticipated that with access to foreign exchange, a level playing field will be created in the industry while also encouraging a competitive market as more players enter the market . This will in return create more employment opportunities for the youths in the country.

Subsidy Face-off: Federal Gov’t Speeds Up Implementation of MoU To Avert Industrial Action

When Tuesday, October 30, 2023, President Bola Ahmed Tinubu wrote to the Senate to seek approval for N2.18trillion Supplementary Budget, he did not mince words in pointing at the urgency of the matter at issue.

And at the heart of that request, requiring speedy attention is the implementation of the 15-point Memorandum of Understanding (MoU), signed by the government and Labour Unions Leaders on October 3, 2023 in Abuja.

The agreement includes the Federal Government approval of a wage award of N35,000 to all Federal Government workers beginning from the month of September pending when a new national minimum wage is expected to have been signed into law, suspension of collection of Value Added Tax (VAT) on Diesel for six months beginning from October, 2023.

Federal Government also agreed to vote N100 billion for the provision of high capacity CNG buses for mass transit in Nigeria. The Federal Government also agreed to pay N25,000 per month for three months starting from October, 2023 to 15 million vulnerable households, including pensioners, commitment on the part of the federal government to the provision of funds as announced by the President on the 1st of August broadcast to the Nation for Micro and Small Scale Enterprises. The MSMEs beneficiaries should commit to the principle of decent jobs.

The Supplementary Budget which the President sent to the Senate on Tuesday requiring speedy treatment was in a bid to appropriate the needed funds for the implementation of critical aspects of the MOU.

In that N2.18 trillion Supplementary Appropriation is the sum of N210 billion for the agreed wage award and another N400 billion for Cash Transfer to vulnerable households, while another N200 billion is for Seed and Agricultural Inputs and Equipment

Just last week Friday, seven CNG Conversion Centers were inaugurated with more coming up across the country, according to Zach Adedeji, Chairman of the CNG Conversion Committee, while two CNG buses were handed over to Olusesan Adebiyi, the State House Permanent Secretary, at the presidential villa, Abuja.

Provisions are also being made for initial 55,000 CNG conversion kits to kick start an Auto Gas Conversion Programme.

On Refineries, the Presidential Committee had visited the Refineries, ascertained their rehabilitation status and assured the nation that Warri Refinery and Petrochemicals would resume pumping of fuel before the end of the year.

In listening to the yearnings of the Academic Staff Union of Universities (ASUU), the President , Bola Ahmed Tinubu, last week approved a partial waiver of the “No Work, No Pay” order on members who participated in the last 8 months long strike and ordered the release of four months of their withheld salaries.

In a similar vein, in commemoration of the 2023 International Day for the Eradication of Poverty last week, President Tinubu launched the disbursement of N25,000 to 15 million households for three months as a social safety net.

To complement the efforts of the Federal Government and avert a face off with Labour is the commendable moves by some private sector players as exemplified by the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, an Association that threw its weight behind the government’s decision to end the subsidy regime and to deregulate the downstream sector of the oil industry. DAPPMAN, leading other oil marketers, are now ready to donate a number of CNG buses to the federal government to help mitigate the effects of petrol subsidy removal.

According to DAPPMAN chairman, Dame Winifred Akpani, the donation is to support the federal government’s post-subsidy palliative measures.
She said: “We collectively agreed that we’re going to work at providing real mass transit buses that work. The ones that run on CNG, which is a compressed natural gas and diesel interchangeably,” the DAPPMAN Chair said.

For this marketers’ association, it is walking the talk. DAPPMAN had been in the forefront of the calls for the removal of fuel subsidy affirming repeatedly that it will put an end to fuel scarcity, eliminate unnecessary hardship on Nigerians seeking to buy fuel, reduce waste and stimulate responsible consumption of this petrol .

Now that the federal government has yielded to the calls and abolished the subsidy, DAPPMAN has also taken the lead in support of government’s bold and creative actions towards cushioning the harsh effects of the subsidy termination.

Another good news is that of the planned injection of fresh $10 billion into the Nigerian economy in the coming weeks. This, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun says would provide the much-needed relief to a liquidity squeeze that has been adversely affecting the Naira.

He emphasized that the substantial inflow is expected to play a significant role in bolstering Nigeria’s economic stability and alleviating the pressures on the national currency.

It is also anticipated that the fresh inflow will help to open the official forex window to oil marketers to accelerate their quick return to business and begin fuel importation to help stabilise fuel supply and distribution.

Other experts have added that government should look into streamlining the cost of importation of fuel by charging the taxes in local currency. This, they insist, will reduce the cost of fuel import and further help to reduce the price of fuel for Nigerians thus complementing government’s much needed efforts in this direction.

Other efforts by the government to boost forex inflow is the $3bn emergency loan the Nigerian National Petroleum Company Limited (NNPCL) secured from Afreximbank.

An analyst said: “Goldman Sachs is an external asset manager to the CBN, so using NNPC’s account that CBN manages with Goldman as an unsecured credit line to tap $10bn for the purposes of clearing outstanding forwards and stabilizing the exchange rate back to the N800 range is plausible,” he said.

“This means that Goldman Sachs will net off gas revenues from WAGPCO and NLNG over an extended period to repay back.”

This approach, which involves an upfront cash loan against proceeds from a limited amount of future crude oil production, was used by the NNPCL to secure the $3 billion emergency loan from Afreximbank.

With all these proactive measures aimed at meeting the agreements reached with labour and to reignite the economy with the ultimate objective of engendering economic growth and alleviating poverty, the contention out there is that the labour/government face off is about to be resolved for the benefits of all Nigerians.

Said Olusesan Ige, an Abuja based Media Content Creator: “The fact on ground today is that the federal government has shown good faith, good intentions, it is obvious, even for the Labour also to see. The issue of ultimatum no longer holds. I think labour will sheath the sword now that all their requests are being swiftly attended to.”

Wage increase: FG tackles fuel subsidy removal hardships

The harsh effects of the fuel subsidy removal on Nigerians may be remarkably ameliorated in the months ahead following the Independence Day broadcast of President Bola Ahmed Tinubu where he announced far reaching measures to bring relief the populace.

Tackling the issue of wage award, which the Labour Unions have requested pending the outcome of a new minimum wage currently being negotiated, the President announced an approval of N25,000.00 additional monthly pay to the average low-grade worker for the next six months.

More crucial to confronting the hardships occasioned by the removal of fuel subsidy is transport fares which have gone up by almost 100 per cent in many parts of the country, following the discontinuance of the fuel subsidy regime.

In the months ahead, the federal government will be deploying “cheaper, safer Compressed Natural Gas (CNG) buses across the nation.”

These buses, which are to operate at a fraction of the current fuel prices, are expected to remarkably bring down the transportation costs, a move economic watcher describe as a masterstroke in the move by the government to rejuvenate the economy.

To ensure the success of this scheme, CNG conversions kits will soon start arriving the country, while training facilities and workshops are to be set up immediately to provide new vista of opportunities for transport operators and entrepreneurs.

It was also learnt that the Depots and Petroleum Products Marketers Association of Nigeria, DAPPMAN, may further be helping to ease transportation hardships through the donations of a fleet of mass buses to the federal government.

It will be recalled that when the Association visited President Bola Tinubu in Abuja Juen 7th this year, its Chairman, Dame Winifred Akpani, disclosed to newsmen that DAPPMAN will be donating a fleet of mass transit buses to the Federal government as a demonstration of the Association’s support for the deregulation of the downstream sector of the Oil Industry and to help cushion the harsh effects of fuel subsidy removal.

Sources close to the Association disclosed that many of those buses would be delivered to the federal government in the weeks ahead.

Said the source: ” The DAPPMAN initiative is a commendable one that will go a long way in practical terms to ease public transport problem in Nigeria. Now that they are about to deliver, one can only hope that other associations and interest groups will borrow a leaf from the association’s gesture which is aimed to bringing down the transport costs in Nigeria.”

To further bring succour to the poor, starting from this month, the federal government will be extending the social safety net through the expansion of its cash transfer programme to an additional 15 million vulnerable households.

In its June 2023 edition of the Nigerian Development Update, the World Bank disclosed that only about 19.4 percent of Nigerians benefitted from the Cash transfer scheme in the past year.

With an estimated population (World Bank estimates) of 207 million, this meant that only about 40.21 million Nigerian Nigerians benefitted from the Cash transfer scheme.

With the proposed additional 15 million households for the scheme, from this month, the figure of beneficial is expected to rise to over 51 million mark, reaching about 25 percent of the estimated over 200 million Nigerians.

Said Ahmed Hadi, an investment banker: “This will be a good start to tackling poverty if the National Social Register comprising State Social Registers of Poor and Vulnerable Households is cleaned up and made to be a genuine list of this category of Nigerians. Given that the World Bank, in that report, indicated that about 40 percent of Nigerians lived on less than the national poverty line at the end of 2022, if the cash transfer programme of the present government can capture about 25 percent of the vulnerable Nigerians on taking off, it will be a good way to start.”

The Tinubu Government seems to appreciate the fact that bailing the economy out of the challenges thrown up by the subsidy removal will require more than cash transfers to the vulnerable.

Real economic growth and poverty alleviation can only be achieved through production and employment generation. It is in this respect that the President, in his address to the nation, committed his government to providing investment funds for enterprises in order to boost employment and urban incomes. In the same vein, the government is increasing investment in micro, small and medium-sized enterprises.

Many Nigerians last evening are of the opinion that given far reaching measures to tackle the fuel subsidy challenges as enunciated in the President’s Independence Day broadcast, Labour Union leaders may have good reasons to reconsider their planned indefinitely strike action which is billed to commence on Tuesday.

Indeed, the President has extended the olive branch to the union leaders, giving indications that they earn his respect and he is ready to work with them.

He said: “I also thank members of our dynamic civil society organisations and labour unions for their dedication to Nigerian democracy. We may not always agree but I value your advice and recommendations. You are my brothers and sisters and you have my due respect.”

NorthWest Petroleum: A Timely Arrival to the Heartland of Ikeja

Sometime in December 2020, Mobolaji Bank Anthony Street, Ikeja, the critical arterial road for commuting to and fro Murtala Mohammed International Airport, the busiest Airport in the West African block, suffered a major setback, even if for an altruistic purpose.

That fateful day, December 7th, residents and commuters alike were awaken to the rude shock of the demolition of the Mobil Filling Station and Oando Filling Station in Maryland, the entry point to the street, amongst other buildings. The exercise was carried out by the Lagos State Government in pursuant to a valid exercise of the right of compulsory acquisition of the area for public purpose.

For its economic and social life, the demolition of these two mega stations, situated opposite each other, was a major setback for Ikeja, the ever bustling Capital City of Lagos State, the nation’s commercial nerve centre.

In the last three years, it will be an understatement to say that the demolition of these two filling stations has had a very negative impact on the socio-economic life of not only commuters, but residents and businesses in Ikeja axis alike.

But a significant event happened on Thursday, 14th September, 2023 to permanently reverse the challenges which the 24-hour economy of Ikeja has suffered for three years. It is the commissioning of NorthWest Petroleum ultramodern 20-nozzle Filling Station at 5, Mobolaji Bank Anthony Street, almost adjacent to where the demolished Mobil Station was.

For commuters, residents and businesses in Ikeja, this is not just a welcome development, but a big relief and an end to an unpleasant ordeal, which the demolition of the two stations represented.

Since the commissioning of the ultramodern Filling Station, the euphoria that has greeted the venture has continued to grow in leaps and bounds.

Obviously, NorthWest Petroleum knows a niche market when it sees one and also knows how to serve such market efficiently.

Ladi Hassan, a Quantity Surveyor who drove in his SUV to the station to refill his almost empty tank Monday afternoon had this to say: “With this sophisticated dispensing pumps, with this high level professionalism by the attendants and this cosy environment, I bet, these guys are here to take over the business from other marketers in Ikeja. They really mean business.”

Obviously, NorthWest Petroleum really means business and may have arrived Ikeja with the single purpose of taking the number one position in this niche market.

NorthWest, which arrived Ikeja to fill a yawning gap, a supply vacuum, comes with a reputation preceeding it as a petroleum products marketer of distinction whose core value appears to be quality service at the most customer friendly rate. A company with vast experience in the importation, supply, distribution and storage of petroleum products, NorthWest Petroleum owns and operates several ultramodern Mega Petroleum Products Filling Stations across the country. These Stations have become the number one point of call for buyers who have come to associate the NorthWest brand with not just quality service, but a station to be trusted not to shortchange customers, in addition to a courteous and well trained attendants.

These attributes are what the Managing Director/Chief Executive Officer of NorthWest Petroleum, Dame Winifred Akpani, harped on at the commissioning of the ultramodern Filling Station in Maryland.

She said: “NorthWest Petroleum is all about service. We are here to continue to excel in our service to humanity. We are all about service.”

Indeed. NorthWest Petroleum, in its resolve to serve the public and contribute its quota to the nation’s economic growth and development, has shown that it truly means business.

Presently, the company operates two ultramodern Mega Petroleum Products Storage Terminals with combined capacity of 96.8 million litres and an ultramodern Berthing Facility with international state-of-the-art Fire Fighting and Safety Equipment in the Calabar Free Zone, Cross River State.

In its Filling Stations, NorthWest Petroleum has created a standard that competition will have to struggle to catch up with.

With state-of-the art facilities, most modern dispensing pumps, quality and well remunerated manpower, that boasts of fuel attendants that are university graduates, conducive working environment that comes with decent accommodation for all fuel attendants to ensure seamless service delivery, NorthWest Petroleum has shown a clear leadership position in the distribution and supply value chain in the downstream sector of the industry.

It is this business leader that has all it takes that arrived Ikeja Thursday September 14 to fill a yawning gap. You will be right to call it a welcome development.