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Cooking Gas Price Increases By 86.62% in One Year – NBS

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Cooking Gas Price Increases By 86.62% in One Year – NBS

… As Average Petrol Price in September stood at N191.65 per litre ***

The National Bureau of Statistics (NBS) on Saturday highlighted that the average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September.

The NBS indicated this in its “Cooking Gas Price Watch’’ for September 2022 released in Abuja, noting that the September price was a 0.40 per cent increase over what was obtained in August.

Also read: Gas retailers say NLNG plant shutdown threatens price

“On a year-on-year basis, the September 2022 price of N4,474.48 for 5Kg of gas was an 86.62 per cent increase over the price of N2,397.60 obtainable for the same volume in September 2021, it stated.

On state profile analyses, the report stated that Kwara recorded the highest average price of N4,950 for 5kg of cooking gas, followed by Niger at N4,941.67, and Adamawa at N4,928.29.

It added that Abia recorded the lowest price at N4,044.44, followed by Anambra and Kano State at N4,100.00 and N4,109.67, respectively.

Analyses by geopolitical zones showed that the North-Central recorded the highest average retail price of N4,715.74, for 5kg cooking gas, followed by the Northeast at N4,539.41.

“The South-South recorded the lowest retail price at N4,317.92, the NBS stated.

It also reported that the average retail price for refilling a 12.5kg cooking gas cylinder increased from N9,899.34 in August 2022 to N9,906.44 in September, indicating a 0.07 per cent increase on a month-on-month basis.

On a year-on-year basis, the price rose by 60.69 per cent from N6,164.97 in September 2021 to the corresponding period in September 2022.

On state analyses, the report indicated that Cross River recorded the highest average retail price for 12.5kg cooking gas at N10,937.50, followed by Kogi at N10,760 and Oyo at N10,723.75.

The lowest average price was recorded in Yobe at N8,350, followed by Katsina and Taraba at N8,545.56 and N9,025.78, respectively, the NBS stated.

Similarly, kerosene price rose to N947.30 per litre in September, showing a 17.2 per cent increase over the N809.52 for which it was sold in August 2022.

According to its “National Kerosene Price Watch’’, on a year-on-year basis, average retail price per litre rose by 118.08 per cent from N434.39 recorded in September 2021 to N947.30 in September 2022.

Further analysis showed that the highest average price per litre of kerosene in September 2022 was recorded in Enugu State at N1,272.50, followed by Ebonyi at N1,263.89 and Cross River at N1,187.50.

The report showed that the lowest price was recorded in Rivers at N686.27, followed by Bayelsa at N715.15 and Nasarawa at N735.29.

Analysis by zone showed that the Southeast recorded the highest average retail price per litre of kerosene at N1,128.28, followed by the Southwest at N1,068.18.

“The Northwest recorded the lowest average retail price at N868.89 per litre of kerosene,’’ the NBS stated.

It added that the average retail price per gallon of kerosene in September 2022 was N3,236.27, showing an increase of 9.79 per cent over the N2,947.65 recorded in August.

According to the report, on a year-on-year basis, the price increased by 110.04 per cent from N1,540.82 recorded in September 2021 to N3,236.27 that was recorded in September 2022.

Analyses by states showed that Abuja recorded the highest price per gallon of kerosene at N4,200.00, followed by Abia at N4,078.57 and Enugu State at N4,052.38.

The NBS stated that Borno recorded the lowest price at N2,500 followed by Zamfara and Delta with N2,555.56 and N2,576.92, respectively.

It added that analyses by zone showed that the Southeast recorded the highest average retail price per gallon of kerosene at N3,607.38 followed by the Southwest at N3,468.42

It stated also that the Northeast recorded the lowest price of N2,803.96 for a gallon of kerosene in September 2022.

In the same vein, in a related development, the NBS also observed that Consumers paid N191.65 for a litre of petrol in September on the average.

It stated in its “Premium Motor Spirit (Petrol)’’ Price Watch for September 2022 that the average price was a 16.26 per cent increase over the N164.85 paid in September 2021.

“Comparing the average price value with the previous month of August 2022, the average retail price increased by 1.15 per cent from N189.46.

The NBS stated that on states profile analyses, Kano State paid the highest average retail price for petrol at N207.50 in September, followed by Jigawa at N205.62 and Bayelsa at N204.27.

Conversely, consumers in Delta paid lowest average retail price of N179.74 per litre of petrol in September, followed by Edo at N183.17 and Borno at N184.50.

Analyses by zone showed that the Northwest recorded the highest average retail price in September at N197.51, while the Northeast recorded the lowest at N186.52.

The NBS also stated in its “Diesel Price Watch’’ for September 2022 that the average retail price paid for a litre was N789.90.

It added that the September 2022 price amounted to a 210.20 per cent increase from the N254.64 per litre recorded in September 2021.

On a month-on-month basis, the September 2022 price showed an increase of 0.38 per cent from the N786.88 per litre reported in August 2022.

On state profile analyses, the report said the highest average price of diesel in September 2022 was recorded in Ondo State at N859.23, followed by Ebonyi at N849 and Niger at N841.67.

Conversely, the lowest price was recorded in Katsina State at N710 per litre of diesel, followed by Yobe at N725 and Bayelsa at N726.67.

The NBS added that analysis by zone showed that the North-Central recorded had the highest price at N811.24 per litre of diesel, while the South-South recorded the lowest price at N762.74 per litre.

 

Economy

Lagos-Ibadan Expressway Rehabilitation: LASG announces traffic diversion at Old Tollgate/ Berger axis

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Lagos-Ibadan Expressway Rehabilitation: LASG announces traffic diversion at Old Tollgate/ Berger axis

In continuation of the ongoing rehabilitation of the Lagos-Ibadan Expressway by the Federal Ministry of Works, the Lagos State Government has announced that traffic will be diverted at the Old Tollgate to Berger section of the road from Monday 30th January till Friday 15th April 2023.

In the notification received by the Lagos State Ministry of Transportation, it was disclosed that the construction will be carried out in short segments to minimize inconveniences for Motorists while traffic on the Ibadan-bound carriageway will be narrowed to two lanes to allow for the reconstruction of half of the Ibadan bound carriageway.

The Transport Commissioner, Dr. Frederic Oladeinde further stated that the U-turn in front of the Lagos State Emergency Centre will be temporarily closed to traffic, adding that Motorists on the Expressway will be diverted to the next U-turn at the Old Toll Gate by the traffic control point.

 In the same vein, Traffic from CMD Road intending to connect 7UP and Motorways on the Lagos bound carriageway will make use of the Old Tollgate/Traffic Point U–turn as well.

He equally stressed that trucks and heavy-duty vehicles will be diverted to Ojota Interchange. 

The Commissioner also explained that traffic on CMD Road inbound the Expressway will be diverted to the entry point beside the FMW weighbridge to access the Expressway on a contraflow as the exit route to the Expressway by Caleb International School will equally be temporarily closed, adding that CMD Road will be used as an alternative for the displaced Ibadan bound traffic.

Oladeinde appealed to the citizenry to shun indiscriminate stopping, waiting and parking along CMD Road as it will complement the efforts of the Traffic Management Team that will be deployed to manage vehicular movement. He also affirmed that signage with directions will be mounted along the road to guide Motorists.

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Economy

LASG Issues Travel Advisory Ahead Of Students Rave Event

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LASG Issues Travel Advisory Ahead Of Students Rave Event

… Says traffic will be restricted between Police Zonal Headquarters, Zone 2 and Onikan Roundabout from 7:00 am*** 

The Lagos State Government has advised Motorists to plan their movement around Mobolaji Johnson Arena, Old Onikan Stadium, Lagos Island ahead of the Students Rave 2023 event scheduled for Friday, 27th January 2023.

As a result of the above rally, the Commissioner for Transportation, Dr. Frederic Oladeinde disclosed that traffic will be restricted between Police Zonal Headquarters, Zone 2 and Onikan Roundabout from 7:00 am on the aforementioned day. He assured that Officers of the Lagos State Traffic Management Authority, (LASTMA) will be available to manage traffic flow.

Explaining the alternative routes, Oladeinde advises Motorists plying Island Club road by Police Headquarters Zone 2, Onikan to go through Ozumba Mbadiwe road inbound Falomo Bridge (Five Cowries Bridge) to link Alfred Rewane and Osborne road to complete their journeys.

In the same vein, Motorists from Bonny Camp according to the diversion plan can access CMS/Marina Bridge after Independence Bridge (Mekunwen Bridge) and loop it down towards Cathedral Church to connect Lagos Island proper through Odunlami Street for their desired destinations,

The Transport Commissioner also advises Motorists to utilize Force road beside Muson Centre to link J.K Randle Avenue (Race Course) or go through Onikan Roundabout to connect JK Randle Avenue/Water Board area to access CMS Bridge by the State House/Old NITEL Building.

He further explained that Water Board inbound Broad Street to Tinubu Square will be available to Motorists, adding that they can equally access Old Defense road/ Ganiyu Smith from Water Board to link Igbosere/Sandgrouse to Simpson Street and connect Third Mainland Bridge to continue their journeys to other parts of the State.

The Transport Commissioner reiterated that Security and Law Enforcement Agencies will be at all strategic junctions and intersections to ensure the safety and security of all road users and the free flow of traffic within the perimeter of the venue and alternative routes outside the venue.

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Economy

Aregbesola: Immigration Produced More than 1.7m Passports in 2022

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Aregbesola: Immigration Produced More than 1.7m Passports in 2022

…Agrees there are human-induced challenges***

Minister of Interior, Ogbeni Rauf Aregbesola, said in Abuja on Thursday that the Nigeria Immigration Service (NIS) produced more than 1.7 million passports in 2022.

Fielding questions at the 64th edition of the State House briefing organised by the Presidential Communications Team, Aregbesola said the figure was a landmark achievement.

He rated the Ministry of Interior and its agencies as having scored above 80 percent in terms of performance.

“By Dec. 31, 2022, we produced more than 1.7 million passports.

“In the annals of Nigeria that has not happened before; as I am talking to you, we have more than 200,000 booklets in our store.

“We are not denying the fact that there are human-induced challenges if you look at the number of applications, vis-a-vis the number of passports produced.

“We are above 80 percent in performance; in any way, take it as given that we produced more than 1.7 passports in 2022,’’ Aregbesola said.

The minister said that a presidential directive had been issued with regard to the domestication of passport production.

He said the Ministry of Interior, in collaboration with the NIS, had impanelled a “project steering committee’ with a mandate to actualise the goal.

Aregbesola also said there was a major reformation and digitisation of passport issuance and administration as a temporary electronic passport had been introduced.

“We are digitising the process; my plan was to fully digitise the Ikoyi Registry in Lagos by Dec. 2022 but I could not fully achieve that.

“What does that mean? When this process is concluded, an applicant does not need to bring anything anymore; you complete your process online and by that time, you don’t need an agent.

“There can’t be racketeering. I am on it and I want to guarantee that we will do it before we leave.

“We have also concluded arrangements on the temporary passport issue; we have the passport, but we have some issues with our sister ministry – the Ministry of Foreign Affairs and we are solving it,’’ he said.

According to the minister, the temporary passport will facilitate a return to Nigeria for Nigerians living abroad if they need to get back in emergencies and did not have current passports.

Such Nigerians would return home, carrying their expired passports also, the minister said.

“Much as that won’t be a problem for us to take at our reception desk, some airlines could be difficult.

“I can even tell you that we are discussing with South Africa now; South Africa does not allow the use of expired passports as a nation contrary to International Civil Aviation Orgnanisation (ICAO) regulation.

“ICAO says that every citizen of a nation dead or alive cannot be denied entry to his home; which is logical anyway.

“The last time I treated a file from South Africa through the Ministry of Foreign Affairs, they were insisting that if one’s passport is not current, one cannot be taken in or out of South Africa’s space.

“It is their policy; you cannot deny a nation its national policies and programmes.

“To avoid that, we introduced what is called temporary electronic passport; it is a one-way passport to return home,’’ Aregbesola explained.

He said that under the temporary passport regime, citizens who had the data pages of their expired passports could take them to Nigeria’s embassies to get the temporary electronic passport after paying the appropriate fees.

“The temporary electronic passports are almost exactly the same as their expired passports.

“It does not have more than one page to take you home; when you hold the electronic passport, you cannot go anywhere but home.

“We are still in negotiation with the Ministry of Foreign Affairs,’’ Aregbesola said.

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