Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the recent increase in petrol pump price, from N158 to N168, is attributable to the announcement of the discovery of vaccines for COVID-19.
He stated this on Monday while addressing State House correspondents, after briefing President Muhammadu Buhari at the Aso Rock Presidential Villa in Abuja.
The minister said prices would continue to be affected by developments in the crude oil market from time to time, adding that the current situation was as a result of a slight increase in the price of crude oil in the international market when Pfizer’s discovery of an effective vaccine for COVID-19 was announced.
He said, “Now what happened recently was because of the announcement of a vaccine for COVID-19 by Pfizer. With that, crude oil prices went up a little bit. If you have been following crude oil prices, you would have seen that crude oil prices went up a little bit, as a result of this announcement.
“So when crude oil prices go up a little bit, then you will see that it instantly reflects on the price of petrol, which is a derivative of crude oil. That’s why you see that there’s this movement and if we listen to ourselves, this is the same explanation we’ve been giving.”
FG names Nwabuoku to oversee Accountant General Office
The Federal Government has approved the appointment of Mr Anamekwe Chukwunyere Nwabuoku to oversee the Office of the Accountant-General of the Federation (OAGF).
This follows the ongoing investigation of the Accountant-General of the Federation (AGF) over N80 billion fraud by the Economic and Financial Crimes Commission (EFCC).
Aliyu Ahmed, Permanent Secretary (Finance), Federal Ministry of Finance, Budget and National Planning, was quoted as saying this in a letter dated May 20, 2022.
The appointment will be pending the outcome of the investigation, according to a statement by Yunusa Tanko Abdullahi, Special Adviser to the Minister of Finance, Budget and National Planning.
The statement also read in part, “Mr Anamekwe is expected to carry out his duty in strict compliance with extant rules and observe the highest sense of professionalism expected of an officer working at his level.
“Currently, he is director, Inspectorate Office of the Accountant-General of the Federation, and presently he is overseeing the office of the Accountant General of the Federation.”
56 people eating Nigeria like termites — Al Mustapha alleges
…Says Nigerian soldiers have turned into a police
Buhari appoints Semiu Adeniran new stastician general
President Muhammadu Buhari has approved the appointment of Mr Semiu Adeniran as the Statistician General of the Federation and Chief Executive Officer of the National Bureau of Statistics.
The appointment follows the demise of the former statistician general, Dr Simon Harry, on April 13, 2022, eight months into his five-year tenure.
A statement by Sufuyan Ojeifo, Special Assistant (Media) to the Minister of State, Budget and National Planning, Clem Agba, said, “Adeniran is a professional statistician of repute with bias for Demography and Social Statistics. He has over three decades of statistical hands-on experience garnered from various local and international institutions.”
“Until his appointment, Mr Semiu was the Director of Demographic and Household Statistics at the National Bureau of Statistics.”
Covenant University conducts lectures, exam on International PR at Nigeria-Benin border
APC may screen presidential aspirants Tuesday, expects Jonathan, Emefiele, Ngige, Adesina
Auto finance: CBN, NADDC discuss new options for vehicle buyers
CCECC completes Apapa port link to Lagos-Ibadan railway
Customs: Vehicle tariff reduction to begin next week
Biden, Treasury Secretary say Republicans COVID-19 aid too small
[UPDATED]Conflicting Reports Over Viral Video Of Soldiers Evacuating ‘Bandits’ In Kaduna + Video
Lagos mother fights off suspected ritualist attempting to abduct kids + VIDEO
General Overseer nabbed for drug trafficking in viral video performing miracles + Video
Aviation7 days ago
Domestic flight cancellations imminent over Jet-A1 scarcity – AON
metro6 days ago
Breaking: Many feared dead as explosion rocks Kano
Politics5 days ago
2023 Presidency: Choice Of Candidate Tears PDP Leaders Apart
metro5 days ago
Abuja female Corps member bathed with acid, killed over boyfriend — CP
Auto4 days ago
AutoTrends: Hyundai Sonata models face fuel leak risk
metro4 days ago
Man sells son N600,000, sends wife to Mali for prostitution
Business7 days ago
Rising food, gas prices push Nigerian inflation to 16.82%
Politics6 days ago
Atiku chases journalists from Plateau PDP secretariat, equipment damaged