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Buhari rolls out autogas scheme Tuesday, targets one million vehicles

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President Muhammadu Buhari will on Tuesday roll out the much-awaited National Gas Expansion Programme (autogas) in Abuja, which is expected to complement the use of petrol by Nigerians.

Minister of State for Petroleum Resources, Chief Timipre Sylva, said the event would also herald the formal dispensing of autogas, mainly Compressed Natural Gas(CNG) and Liquefied Petroleum Gas (LPG) products at two retail filling stations belonging to the Nigerian National Petroleum Corporation (NNPC) in the Federal Capital Territory (FCT).

A statement by the Special Adviser on Media to the minister, Mr Garba Muhammad, in Abuja yesterday emphasised that the federal government’s autogas programme will deliver at least one million vehicle conversions by the end of 2021 and herald the clean energy transition for Nigeria as well as the delivery of cheap transportation fuel.

 

It stated that the programme was the culmination of the resolve of the Buhari-led government to deepen domestic usage of natural gas in its various forms.

 

“It is also in line with the government’s plan to make gas the first choice source of cheaper and cleaner energy for Nigerians in their personal and industrial endeavours,” Sylva said.

At the event, the release noted, Sylva will also on behalf of the federal government handover CNG-powered mass transport buses to Nigeria Labour Congress (NLC).

He added that the handing over was part of the agreement reached with labour during negotiations and in recognition of the role organised labour plays in the quest to bring relief to ordinary Nigerians.

 

Sylva had argued that to give deregulation a human face, the government was introducing an alternative fuel which will mean that Nigerians will convert their cars to the dual capability of both fuel and gas.

“So, if you look at the price of petrol versus the price of gas and you think that gas is cheaper which of course, it is going to be cheaper. Gas will even be cheaper than petrol as it is today. So you see that we are also giving an alternative to ordinary Nigerians,’’ he had said.

Also, recently, the Department of Petroleum Resources (DPR), said it instructed about 9,000 filling stations across the country to start the installation of facilities for gas products as an alternative to fuel for Nigerians.

 

Apparently, the government’s new policy was prompted by the rising international crude oil prices which have led to a steady rise in the pump price of petroleum in the country for several months.

 

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CBN to begin e-invoice for imports, exports February 1

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The Central Bank of Nigeria says all import and export operations will require the submission of an electronic invoice authenticated by the authorised-dealer banks on the Nigeria single window portal, Trade Monitoring System with effect from February 1.

The CBN stated this on Friday in a circular signed by its Director, Trade and Exchange Department, Dr O. S. Nnaji, sent to all authorised dealers and the general public.

It said, ‘Further to the circular referenced TED/FEM/FPC/GEN/01/005 dated August 05, 2020, all authorised dealers and the general public are hereby informed of the introduction of e-valuator and e-invoice which replaces hard copy final invoice as part of the documentation required for all import and export transactions.

“Effective February 1, 2022, all import and export operations will require the submission of an electronic invoice authenticated by the authorised dealer banks on the Nigeria single window portal – Trade Monitoring System.

“This new regulation is primarily aimed at achieving accurate value from import and export items in and out of Nigeria.”

According to the CBN, the e-invoicing guidelines require that products that are more than 2.5 per cent around the vertical price would be queried and will not be allowed successful completion of Form M or Form NXP as the case may be.

It said an importer/exporter of goods into Nigeria must ensure that the purchase/sale contract with a foreign supplier/buyer stipulates compliance with the obligations set out in this regulation and that the supplier’s/seller’s invoice must be submitted in electronic format and authenticated by authorised dealer bank as part of the documentation for payment.

“No importer/exporter may effect payment to the credit of any foreign supplier unless the electronic invoice has been authenticated by authorised dealer banks presented together with the relevant document for payments,” it added.

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Kia partners Fixit45 for genuine auto parts, after-sale services

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Kia Nigeria has announced its partnership with Fixit45 to offer customers genuine spare parts and exceptional after-sale service.

It says the commitment to provide the very best after-sale service delivery and customer experience to thousands of customers nationwide is at the core of this partnership, adding that both companies are raising the bar in offering Kia Original Equipment Manufacturer (OEMs) auto parts, quality repairs, and best-in-class service delivery to provide amazing value-added service to all Kia customers.

It said, in a statement, “The shifting consumer interests and the need to meet their expectations with exceptional service delivery has propelled Kia Nigeria to extend its reach by signing a new partnership agreement with Fixit45 to continue to offer genuine spare parts and the delivery of cutting-edge services in the country.

“The partnership is aimed at keeping pace with consumers’ evolving wants and needs in order to remain competitive.

It said the vision of Kia Nigeria had been to bring world-class facilities closer to customers and offer quality service delivery exceeding customers’ expectations.

The statement quoted the Chief Operating Officer, Kia Nigeria, Sanjay Tatpati, as saying, “Our goal is to make quality Original Equipment Manufacturer (OEMs) auto parts accessible and affordable to our teeming customers to ensure they have an exceptional ownership experience with our Kia vehicles.

“Hence, the partnership with Fixit45 is to further expand Kia’s market reach and ease of access to teeming customers in the country.

“Customer-centricity is at the epicentre of everything we do at Kia and our partnership with Fixit45 is aimed at giving optimum value to customers to ensure that they have access to the value-oriented service and genuine spare parts.”

Speaking on the partnership, Marketing Manager, Kia Nigeria, Olawale Jimoh, said, “This joint venture with Fixit45 is an important step in our expansion plans for the Nigerian market. Finding the right partners to work with, in satisfying our customers is very vital to us. We are delighted to work with the experienced team of Fixit45 and are confident that our customers will be the ultimate beneficiaries of this relationship.”

The CEO and Co-Founder, Fixit45, Justus Obaoye, also said, “At Fixit45, we are firm believers in the power of mobility to not only enable socio-economic development and inspire ideas but also facilitate value-creating interactions that make society better. Convenience and curating a service experience that is best-in-class is what we are all about.

“This partnership is a testament to our collaborating ethos and our passion to move the automotive aftermarket industry forward.

“We are excited to have found a synergistic partner in Kia as we continue to drive and deliver quality services and automotive products to end-users. We share the same ideals of providing solutions that help people and organisations move and we are excited at the transformative opportunities that this relationship will produce.”

Co-founder & CTO, Fixit45, Abdulazeez Ogunjobi, said, “Technology helps us to disrupt a segment that has largely been based on brick-and-mortar operations.

“Our robust end-to-end ecosystem platform empowers us to cater to a diverse range of needs in the aftermarket industry. We are looking to drive a significant shift and help more vendors and customers to come online to enjoy convenience, quality, and affordable products and services via this partnership with Kia Nigeria.”

Kia, founded in 1944 in Korea, is said to have a presence in more than 190 markets and manufacturing facilities in six countries.

It has sold over 100,000 units in Nigeria since entering the country in 2008.

The statement added that Fixit45 which entered the market in July 2021 had developed Xparts, an e-commerce and search platform for auto parts sourcing and delivery.

 

 

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BREAKING: AMCON takes over IBEDC

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The Assets Management Corporation of Nigeria (AMCON) has taken over the Ibadan Electricity Distribution Company(IBEDC) Ltd over insolvency.

The Chief Operating Officer (COO) Engineer John Ayodele disclosed this in a memo to members of staff intimating them of the development, The Nation gathered.

Ayodele, in the January 20 memo, said the company fell under receivership by a September 8, 2021 Federal High Court judgment.

The judgment, he said, granted preservative orders in favour of AMCON.

He explained the government corporation has appointed a lawyer to serve in the receivership action.

He disclosed that the receiver arrived on Thursday January 20 to take charge formally, hinting that he already held a meeting with the management staff.

Ayodele, however, allayed fears over the development and assured staff of job security.

The memo reads: “Further, to the judgement wherein the Federal High Court on the 8th of September 2021 granted preservative orders in favour of Asset Management Corporation-

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AMCON, (being the Receiver/Manager of Integrated Energy Distribution and Marketing Limited); the court has appointed Mr Kunle Oqunba Esq.SAN to act as Receiver/ Manager Nominee in the receivership action.

“Based on the foregoing the Receiver/Manager came in today 20th January 2022 to the IBEDC Headquarters to take charge formally and subsequently met with the Management team. Therefore, I hereby wish to inform all staff that there is no cause for alarm.

“We are assured of job security which entails our position/ duties in the company, being entitlements to our salaries and other benefits etc.

“On behalf of the Management I urge us all to kindly go about the efficient discharge of

our duties to ensure a speedy and mutually beneficial resolution.

“I wish us all the best, while | appeal that we continue to remember IBEDC in our prayers.”

IBEDC distributes electricity to consumers in Oyo, Osun, Ogun and Ondo as well as some parts of Ekiti and Kwara States.

The Nation

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