Business
Nigeria Bans 60,000-Litre Fuel Tankers from March 1, Assures Public on Fuel Quality
FG BANS 60,000-LITRE FUEL TANKERS FROM NIGERIAN ROADS FROM MARCH 1, DISMISSES CLAIMS ON FUEL QUALITY
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a ban on 60,000-litre fuel tankers from operating on Nigerian roads, effective March 1, 2025 to mitigate truck-in-transit incidents.
Speaking to journalists on Wednesday in Abuja, Ogbugo Ukoha, NMDPRA Executive Director, Distribution Systems, Storage, and Retailing Infrastructure, said the decision was made in response to the increasing number of road accidents involving heavy-duty petroleum tankers.
”The first stakeholder’s technical committee met today to drill down and put timelines for about 10 resolutions that had been taken on how to drive down the significant increase that had been observed in relation to trucks and transit incidents and fatalities, ” he said.
According to him, following deliberations involving key agencies including the Department of State Services (DSS), Federal Fire Service, Federal Road Safety Corps (FRSC), National Association of Road Transport Owners (NARTO), National Union of Petroleum and Natural Gas Workers (NUPENG), Standards Organisation of Nigeria (SON), the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), it was agreed that from March 1, 2025, any truck with an axle load of more than 60,000 litres of hydrocarbon will not be allowed to load at any depot.
”The important thing about this is that, for the first time, consensus was built amongst all stakeholders, and we’re continuing to encourage that we will work together cohesively to deliver a safe transportation of petroleum products across the country,” he said.
Ukoha dismissed recent claims questioning the quality of fuel in circulation across the country, describing them as bogus, misleading, and unscientific.
He assured Nigerians that all imported and locally refined petroleum products meet strict regulatory standards before being released into the market.
The regulator vowed to ensure compliance with petroleum industry standards and specifications, stressing that recent social media claims about the quality of fuel products in circulation are baseless and should be disregarded.
”The regulator would usually be more circumspect and not respond to every comment that is made in the public.
”But it’s important that people who dabble within the social media space are reminded that it is actually disrespectful, if you imagine that Nigerians are gullible.
”Innocent Nigerians are discerning enough to know that energies need to be directed positively. People who make unscientific claims, bogus data expertise are really not helping the situation.
”As a regulator, we’re working very hard in compliance with the presidential and statutory mandates we have to support the local refineries, to build capacity to the point that Nigerians will have sufficient products, and not just quality, but pricing is also done in a transparent, competitive and fair way.
”That’s the priority we have as the regulator, and that is what we concern ourselves with every day, ” he said.
Ukoha assured Nigerians that NMDPRA would continue to comply with the Petroleum Industry Act (PIA), 2021 as well as the specifications set by SON.
”The standard organization specification includes parameters such as the research obtain number, the sulfur content, the density, the color, the oxygenate level, and many other parameters that you find within that.
”Before any product is distributed in Nigeria, the regulator ensures that from the load port of the product, whether from a domestic refinery or imported from outside the country, and as well as at the discharge port, accredited laboratories must test every product and duly issue certificates of quality to say that the product that is in the in the vessel meets those specifications.
”It’s only on that basis that products are then discharged and distributed across the country,’’ he said.
Ukoha further explained that that hydrocarbons are not pure compounds by nature, and as such, the regularly specifications provide a range of acceptable values, and tests results must fall within these specified limits to be deemed complaint.
Regarding specific parameters, Ukoha noted that sulphur content must be moderated in products, as higher levels can have corrosive effects and contribute to environmental pollution.
He said Research Octane Number (RON) affects engine performance and efficiency, while oxygenate levels play a role in optimizing RON for better engine functionality.
He clarified that colour differentiation, while not impacting quality, is a regulatory requirement under SON specifications to prevent misidentification.
”The only color in the current specification that is colorless is the ATK. From the sighting of the product, it is for you to tell that this is PMS because it complies with the color, separate from an AGO.
”Just imagine if you were to put the wrong product without the color into the wrong vehicle or the wrong engine. So these are the back end processes the regulator concerns itself and what we prioritize. You must meet those specifications; otherwise we will not let those products be distributed, ” he said.
NMPDRA executive director also disclosed that daily Premium Motor Spirit (PMS) supply, which averaged 66 million liters before subsidy withdrawal, now hovers around 50 million liters, with local refineries contributing less than 50 per cent of total supply.
”All of us have experienced a yuletide free from any scarcity. Let me reconfirm that from year to year, we saw an increase in the demand of PMS by 2021, 2022 up to 2023 and just before the current administration came in, the daily PMS supply sufficiency was always in excess of 60 million, averaging about 66 million a day for PMS.
”Following the President’s withdrawal of subsidy, the announcement on May 29 2023 we immediately saw a steep decline on consumption and between then and as we speak, we’ve continued to do plus or minus 50 million that’s considerable reduction in volumes.
”Of these 50 million liters, averaging for each day, less than 50 per cent of that is contributed by domestic refinement and so the shortfall, in accordance with the PIA, is sourced by way of imports.
”Let me also say that none of the Oil Marketing Companies (OMCs), that own refineries in country, have imported any PMS this year.
”The other OMCs are the ones that are importing the shortfall, and if we did nothing to meet to bridge that shortfall, we will have scarcity in our hands, and that’s something that the regulator is minded to do, ensuring that there is sufficient supply of petroleum products across the country.
”So just for clarity, the contribution of local refineries towards the sufficiency is less than 50 per cent currently between January and February 2025 is less than 50 per cent of what we require daily, and that shortfall is sourced by way of imports,” he said.
Business
Aig-Imoukhuede Foundation opens applications for 6th Cohort Programme
Aig-Imoukhuede Foundation opens applications for 6th Cohort Programme
The Aig-Imoukhuede Foundation is pleased to announce that applications are now open for the sixth cohort of its transformative AIG Public Leaders Programme (AIG PLP).
This flagship six-month executive education initiative, delivered by the University of Oxford’s Blavatnik School of Government, is designed to empower high-potential public sector leaders across Africa with the tools, networks, and strategic insight required to deliver meaningful reform across African public institutions.
Applications are now open to qualified public servants from all English-speaking African countries and will close on Sunday, April 12, 2026. The programme commences in October 2026.
Since its inception in 2021, the AIG PLP has built a formidable reputation for creating tangible impact.
Alumni from the programme have gone on to design and implement more than 230 reform projects within their ministries, departments, and agencies across Africa.
An impact survey revealed that 62% of alumni have earned promotions or assumed expanded leadership roles post-training, demonstrating the programme’s direct effect on career advancement and institutional influence.
“Across Africa, the complexity of public sector challenges demands more than good intentions. It requires reformers who understand systems, can navigate institutional realities, and are equipped to implement sustainable change.
The AIG PLP is designed to meet this need,” said Ofovwe Aig-Imoukhuede, Executive Vice-Chair of the Aig-Imoukhuede Foundation.
As part of the programme, a PLP alumna, Titilola Vivour-Adeniyi, Executive Secretary of Lagos State DSVA, launched a secure self-reporting tool that allows survivors of domestic and sexual abuse safely document incidents and preserve evidence.
Survivors are already accessing support, and the tool ensures that crucial proof is protected until justice can be sought. This is one of over 230 impactful reform projects being implemented across sectors as diverse as healthcare, finance, agriculture, and education.
We are seeing proof every day that investing in the capacity and leadership potential of people, delivers the kind of transformation that policy alone cannot achieve.”
The AIG PLP is a blended learning experience that combines online sessions with an intensive residential module.
It is offered at no cost to selected participants, with the Foundation covering all costs of the programme including accommodation and feeding during the residential weeks.
Participants gain direct access to world-class faculty from the University of Oxford, and learn to tackle core public sector challenges such as: Negotiating in the public interest. Harnessing digital technology for governance.
Strengthening public organisations.
Upholding integrity in public life.
The curriculum culminates in a capstone reform project, where participants apply their new skills to a real-world challenge within their institution.
This practical component ensures that learning translates directly into actionable solutions.
Interested candidates are encouraged to apply early. For more details on the application process and to apply, please visit the Aig-Imoukhuede Foundation website.
Business
Renewed Hope Ambassadors Inspect RHA Secretariat
Renewed Hope Ambassadors Inspect RHA Secretariat
Renewed Hope Ambassadors, led by its Director-General and the Governor of Imo State, Hope Uzodinma, alongside Zonal Coordinators (NW, NC, SE), the Media & Publicity Directorate, and other key stakeholders, inspected the RHA Secretariat two days after President Bola Tinubu unveiled the Renewed Hope Ambassadors grassroots engagement drive in Abuja.
Business
Harmony Gardens’ Ibeju-Lekki Portfolio Crosses $1bn
Harmony Gardens’ Ibeju-Lekki Portfolio Crosses $1bn
Harmony Garden & Estate Development Limited has expanded its development activities across Ibeju-Lekki, pushing the projected long-term value of its estate portfolio beyond $1 billion.
Led by Chief Executive Officer Hon. Dr. Audullahi Saheed Mosadoluwa, popularly know Saheed Ibile, the company is developing seven estates within the Lekki–Ibeju corridor. Details available on Harmony Garden & Estate Development show a portfolio spanning land assets and ongoing residential construction across key growth locations.
A major component is Lekki Aviation Town, where urban living meets neighborhood charm, located near the proposed Lekki International Airport and valued internally at over $250 million. The development forms part of the company’s broader phased expansion strategy within the axis.
Other estates in the corridor tagged as the “Citadel of Joy” (Ogba-idunnu) include Granville Estate, Majestic Bay Estate, The Parliament Phase I & II, and Harmony Casa Phase I & II.
With multiple projects active, the rollout of the Ibile Traditional Mortgage System, and structured expansion underway, Harmony Garden & Estate Development Ltd continues to deepen its presence within the fast-growing Ibeju-Lekki real estate market.
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