... Absorbs N16bn loss by refunding N65/litre to marketers for Nigerians to benefit from cheaper fuel
The Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria.
This move follows the refinery's recent reduction of its gantry price from N890 per litre to N825 per litre. The refinery stated that this is part of its ongoing efforts to ensure that Nigerians are the primary beneficiaries of the price reduction and in line with President Bola Tinubu's Renewed Hope Agenda, which aims to stimulate the economy.
The General Overseer of Victory Life Bible Church (VLBC) Apostle Lawrence Achudume has tasked the Nigerian Government to revive the comatose Bulk Purchase Corporations across the states, stressing that was the best option to address the food shortage in the country
Achudume gave the challenge during his visit to the corporate headquarters of Penpushing Media located at Leme axis of Moshood Abiola way, Abeokuta on Thursday, stressing that the revival of the corporations will control purchase and price.
The known frankly speaking cleric said on this the government does not need consultants to carry out operations at the bulk purchase corporations, and warned against politicizing it by appointing politicians to be in charge, but professionals.
With a thriving and fertile environment for extortion and racketeering, process for obtaining the Nigerian passport has turned the booklet into a hire purchase document where applicants pay official cost at point of application, connoting preliminary down-payment, and thereafter compelled to pay a bribe as balance in installments or in full, depending on the deal reached with Nigeria Immigration Service (NIS) officials involved in this underhand deed. This is the practice nationwide.
Applicants who fail to comply with this process risk delayed services characterized by uncertainty, except for Very Important Persons (VIP) and those with direct contact with top officials of NIS who enjoy some level of waivers exempting them from any form of bargains. Despite this, a balance sum is made as gift at the end of the exercise to the facilitating official in appreciation, but at the discretion of the applicant.
%20Taxation%20ethics,%20revenue%20neutrality%20&%20campaign%20finance%20paradox%20by%20Remmy%20Nweke%20-%20Telecoms%20Clinic@ITREALMS.jpg)
