Nigeria Today! Kachikwu, Nnewi Gas Explosion, Others In The News

Petrol To Sell For N85 Per Litre From Jan 1

The Federal government is set to reduce the pump price of petrol to about 85 or 86 naira per litre.

Minister of State for Petroleum , Dr Ibe Kachikwu who disclosed this during a tour of the Port Harcourt refinery on Christmas Day expressed hope that the new price regime may come on stream January next year.

He said efforts were on to get the refinery to achieve 60 percent production capacity and to supply about 11 million liters of petrol daily.

“If you look at the new PPPRA template that we developed and which I just signed off two days ago, when it is announced you will find out that for now ,and I use the emphatic word of the President for now, the price of the refined product will actually be lower than 87 naira, It will be 85. We will probably announce that in January if the prices hold.


“like I said, we have done a modulation calculation and it is showing us below N87. I imagine that if PPPRA publishes it today, it will become effective immediately. But the 1st of January that is when we are looking at.”

“What that does for you is that its modulating. If it goes up you move up, if it comes down you come down. So we take away the fact of having to go find funds to pay for these subsidies that we cannot afford.

“More importantly we try to be as close to the pump price that we have now as possible,” he said.

Nnewi Explosion: FG To Provide Medical Items For Victims

 The National Emergency Management Agency (NEMA) on Saturday said the Federal Government would provide medical items to aid the speedy recovery of victims of the Nnewi gas explosion.

The South-East Coordinator of NEMA, Mr James Eze, said this after visiting victims of the explosion at the National Orthopedic Hospital, Enugu, and University of Nigeria Teaching Hospital (UNTH), Ituku-Ozalla, Enugu State.

The explosion, which occurred on Thursday, led to the death of six persons while several others sustained burns.

Anambra Commissioner for Health, Dr Joe Akabuike, who also visited the victims, said Gov. Willie Obiano sent him to reassure the hospitals that the state government would pay the medical bills of the patients.

Fire Razes 200 Shops In Ibadan

It was a black Christmas for traders in the popular Sango Market, Ibadan as fire razed over 200 shops in plank section of the market.

The market which at Alaro area of Sango was reportedly gutted by an inferno which started around 3pm and was yet to be put out as at 8pm.
The vehicle belonging to the Oyo State Fire Service was seen rushing towards Eleyele Water Works for a refill when it ran out of water.

According to information gathered, planks estimated at over N250m was lost in the disaster.