PPPRA Workers Protest Alleged Imposition Of Executive Secretary

PPPRAOil workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have shut down operations of the Petroleum Products Pricing Regulatory Agency (PPPRA) in the Federal Capital Territory (FCT).

The workers are protesting the alleged imposition of an acting Executive Secretary on the agency.

The Chairman of PENGASSAN, PPPRA Branch, Mr Victor Ononokpono, led the protest staged on Tuesday.

The protest is coming barely a week after the immediate past Executive Secretary of the PPPRA, Farouk Ahmed, was removed by the Presidency and arrival of a senior staff of the Nigeria National Petroleum Corporation (NNPC), Mrs Eunice Iyoyo, to resume as acting Executive Secretary.

Mr Ahmed had on Thursday, February 18, handed over management of the agency to the most senior official of the organisation and General Manager, Administration, Mr Moses Mbaba, as directed by the office of the Secretary to Government of the Federation.

The protesting oil workers are asking the Federal government to make a pronouncement to resolve the confusion the double nomination has caused, saying their protest would continue until the matter is resolved.

Petroleum Minister Approves Release Of 2015 Q1 Fuel Allocation To Marketers

PowerThe Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has approved the release of  2015 Q1 allocation to marketers for the importation of petroleum products.

A statement issued by the Petroleum Products Pricing Regulatory Agency (PPPRA), said the early release is in furtherance of the Minister’s resolve at ensuring continuous and robust products supply in the system.

According to the statement, the Executive Secretary of the PPPRA, Mr. Farouk Ahmed, while calling on motorists not to engage in panic buying, assured that, “there is ample supply of petroleum products in the country”, adding that “discharges and truck-out had continued in spite of the holidays and the festive periods”.

The PPPRA further explained that apart from facilitating an improved national Premium Motor Spirit (PMS) supply and stock build-up, the effort is also to enable marketers make adequate preparations towards products sourcing and importation early in the New Year.

“The Petroleum Minister had commenced a regime of early release of quarterly PMS allocations in addition to supplementary allocations to complement the national demand”, the statement added.

According to the PPPRA, the early approvals, “apart from providing additional imports to supplement the prevailing stock level in the system, is now responsible for the sustained availability of petroleum products across the country at regulated prices”.


Inflated Fuel Price: PPPRA Threatens Shut Down Of Filling Stations

The Petroleum Products Pricing Regulatory Agency, PPPRA, has threatened to shut down any filling station in the country selling petrol above 97 Naira per litre.

The agency has also given an assurance that it has not approved any increase in the price of the product, neither are there any plans to do so.

The Executive Secretary of the PPPRA, Farouk Ahmed said: “The petroleum products regulatory agency hereby assures Nigerians that the official pump price of Premium Motor Spirit remains 97 naira per litre, as the agency has not approved any pump price increase.”

He added that there were sufficient quantities of the product in the country to guarantee uninterrupted supply, and that all petroleum marketers should release products in their tanks and depots for sale.

To ensure compliance with its directive, the PPPRA said that it would be working with the Department of Petroleum Resources, DPR, to monitor the situation at all retail outlets.

The agency also assured Nigerians that the official pump price of petrol remains 97 naira per litre.

In a statement signed by the Executive Secretary of the Agency, Mr Farouk Ahmed, the agency  made clarification following reports that some petroleum marketers are hoarding petroleum products in the vain anticipation of fuel price increase.

The statement further explained that there are sufficient products country to guarantee uninterrupted fuel supply and motorists are therefore advised to shun panic-buying.

Mr Ahmed also added that loading of products has been uninterrupted in all NNPC depots across the country.

The agency directed all petroleum marketers to release for sale products in their tanks and depots and at the officially approved pump price.

The agency promised to work with the Department of Petroleum Resources to ensure compliance at all retail outlets in the country.

Jonathan Appoints Farouk Ahmed As New PPPRA Boss

President Goodluck Jonathan has confirmed the appointment of Mr Farouk Ahmed as the new Chief Executive Officer of the Petroleum Products Price Regulatory Agency (PPPRA).

Mr Ahmed is to take over from Mr Reginald Stanley who is retiring after 35 years of service.

The incoming Executive Secretary, who hails from Sokoto State, is the current Managing Director of Nidas Marine Ltd., a subsidiary of the NNPC.
He comes to his new job at the PPPRA with over 28 years’ experience in the oil and gas industry and a sound commercial and trading background having held senior positions in the downstream sector of the oil and gas industry including Manager, Crude Oil Programming,  Nominations, and Shipping and Terminals.
Mr. Ahmed has also served as Executive Director (Commercial), Pipelines and Products Marketing Company Limited (PPMC). President Jonathan thanked Mr. Stanley for his meritorious service to the nation and wishes him well in his future endeavours.

This was contained in a tweet by the Special Adviser on Media and Publicity to the President, Reuben Abati, who tweets @abati1990.