ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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NIGERIAN CRITICIZE HIGH TRANSPORT FARES DESPITE PETROL PRICE DROP.(PHOTO).

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 Nigerians Criticize High Transport Fares Despite Petrol Price Drop


Nigerians are expressing frustration as transporters fail to reduce fares following a decrease in petrol prices. Despite a reduction in fuel prices, transport fares have remained high or even increased in some areas. 


The recent reduction in petrol prices from N970 to N899.50 per litre by Dangote Refinery and subsequent price cuts from NNPC have not translated into lower transport costs. Many Nigerians have pointed out that transport fares remain higher than before, with some suggesting that greed may be driving the price hikes. Experts also attribute the situation to factors like dollar fluctuations and Nigeria's reliance on imported goods.

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