Economy
Amidst fears of price increase —–petroleum tanker drivers may go on strike

The tanker drivers, in the communique signed by the National Chairman, Comrade Salmon Akanni Oladiti, issued a 14-day ultimatum to NARTO to initiate new conditions of service for petroleum tanker drivers effective 27th day of March 2021.
Also, it urged the Federal Government to ensure that the installation of safety valve is made mandatory in all petroleum trucks with effect from 1st of May 2021.
The communique read “The Branch Executive Council in session is not unmindful of the pains and discomforts our decisions and intending actions will have on the general public but these are hard and difficult decisions we must take for the sake of our members and even the general public,”
“The meeting in session noted with deep pains that the expiring collective bargaining agreement has been in operation for the past six years even when the country has been experiencing spiral inflationary trend that is further complicated by destructive powers of COVID 19 pandemic.
“The council in session expressed deep worries that Petroleum Tanker Drivers have been going through harrowing financial situations even while rendering selfless national services, to ensure delivery of Petroleum products to homes and factories in every nook and crannies of this country, day and nights, in good and bad weather and on highly deplorable highways.
“The branch executive council in session therefore resolved that following the continuing agitations of our members and the seeming hesitation of NARTO to negotiate the renewal of the CBA, the branch will no longer be able to guarantee the continued service of our members in the petroleum products distribution across the country if a new conditions of service for Petroleum Tanker Drivers is not provided for in the next fourteen days with effect from today 27th day of March 2021.
“The Branch Executive Council in session discussed with sadness, pains and deep worries, the increasing rate of fire incidences involving petroleum trucks with accompanying massive destruction of lives and properties of our members and general public.
“The Council in session noted with deep concerns the government’s dilly dallying attitude towards the enforcement of the compulsory installation of Safety Valves in all Petroleum trucks to protect the inflammable contents of these trucks from spilling over in a situation of road mishaps.
“The council in session expressed disappointment over the failure of the Federal Government to live up to its various commitments with various stakeholders in several meetings called by the government on the same matter.
“It is in the well informed opinion of the council in session that these safety valves, if installed, will go a long way in reducing the rate of fire accidents involving petroleum trucks and therefore save precious lives and properties.
“In the light of the above, the Executive Council in session resolved to direct all our members to withdraw their services if installation of Safety valve is not made mandatory in all petroleum trucks with effect from 1st of May 2021, in view of the fact that our members are usually the first casualties in any situation of fire accidents involving petroleum trucks,” the communique concluded.
Economy
Ojulari, new NNPCL MD, hits the ground running, assembles new management team as he takes over from Kyari

Funso OLOJO
The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has assembled new management team that will drive the vision of President Bola Ahmed Tinubu in the petroleum sector shortly after he took over the mantle of leadership from his predecessor, Mr Mele Kyari.
It could be recalled that the appointment of the erswhile NNPCL boss, Kyari was terminated and Ojulari was appointed in his stead with immediate effect.
However, in a brief handover ceremony held at the NNPC Towers, Ojulari commended Kyari for his contributions to the growth of NNPC Ltd and his sterling service to the nation.
He disclosed that the objective of his management was to consolidate on the successes of his predecessor and take the company to the next level.
He said though the targets set for his management were quite enormous, he would be relying on the co-operation of the Management and staff of the company, as well as the counsel of his predecessor to achieve set targets.
“I will be counting on your support. I will need it. I will be coming around to seek your counsel,” Ojulari told Kyari.
Earlier in his remarks, Kyari congratulated Ojulari and thanked the Management and staff of the company for their support while in office.
He pledged to do everything within his power to support the new Management to succeed, stressing that he was only a call away.
Soon after the official handing over ceremony, the new new NNPCL, Mr Ojulari announced the appointment of a new 8-man Senior Management Team .
The team which will be headed by the GCEO, Mr Bashir Bayo Ojulari, has Roland Ewubare as Group Chief Operating Officer; Adedapo Segun as Group Chief Financial Officer; and Olalekan Ogunleye as Executive Vice President Gas, Power & New Energy.
Other members of the team are: Udy Ntia as Executive Vice President Upstream; Mumuni Dagazau as Executive Vice President Downstream; Sophia Mbakwe as Executive Vice President Business Services; and Adesua Dozie, as Company Secretary & Chief Legal Officer.
All appointments are with immediate effect.
Economy
Tinubu sacks Kyari, NNPCL GMD, appoints Ojulari as new CEO, reconstitutes board

Funso OLOJO
Bayo Bashir Ojulari new NNPC GCEO,
Mrs Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.
During his career, he was chairman and member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.
Economy
Dangote group remits N402.3 billion tax to government coffers in 2024

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