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Economic Hardship: Tanker Drivers Set Monday to Down Tools

Published

2 years ago

February 18, 2024

Eric

Barring last minute change, Nigeria may witness another round of fuel scarcity as the Nigerian Association of Road Transport Owners (NARTO), has vowed to stop lifting petroleum products beginning from next week Monday due to the high cost of operations.

NARTO members have repeatedly raised concern over the high cost of diesel required to power their trucks for the transportation of petroleum products across the country.

Oil marketers told our correspondent on Thursday that diesel price is between N1,250 to N1,400/litre depending on the area of purchase.

NARTO’s President, Yusuf Othman, in a statement he issued in Abuja on Thursday, said the statement was an official announcement from the association’s headquarters that members of the group would park their trucks from Monday.

“Why? It is because what we spend on operations is more than what we get in total, both in local and bridging,” he stated.

Othman said NARTO members had being operating at a loss and it was no longer sustainable for them to endure the losses.

“We will have to suspend operations latest from now till on Monday. We cannot continue to operate at a loss. Most people have parked. A lot more are going to park. But from the point of the association itself, we are going to suspend operations on Monday,” he stated.

He said NARTO’s efforts to get the intervention of key stakeholders, the Federal Government and industry operators had not yielded positive results.

The NARTO president said the association had written letters on the unbearable cost of operations to the Chief of Staff to President Bola Tinubu; Minister of Petroleum Resources; Department of State Services; Nigerian Midstream and Downstream Regulatory Authority; Nigerian National Petroleum Company Limited; and oil marketers.

“We have written letters up to the level of the Chief of Staff to the President. We have written to the Minister of Petroleum Resources (Oil). We have written to the Director-General of SSS. We have written to NNPC’s boss. We have written to the NMDPRA. We have written to the major marketers,” Othman stated.

He stressed that despite the letters, there has been “no response.”

Analysing the market situation, which the members have endured for several months, he stated that the same freight rate that applied when former President Muhammadu Buhari was in ruling, was still subsisting.

“The Lagos to Abuja freight rate that was implemented when the dollar was N650 is still retained now that dollar is N1,615. Everybody is aware that all our consumables in terms of operation are not produced in the country.

“So, by virtue of the rate of dollars, every consumables has increased. But the freight they are paying us has been the same since Buhari’s time. So how is that feasible? During Buhari’s time, one dollar was N650. Today, dollar is N1,615. The average freight from Lagos to Abuja is N32,” he stated.

Othman further explained that “what I mean by local is that when you load in Lagos, you discharge in Lagos. And bridging means that when you load from Lagos, you come to Abuja. Lagos to Lagos, we are paid N120,000.

“AGO (diesel) alone to distribute fuel within Lagos is N140,000 because it is N1,400/litre. So, they give you N120,000 and you spend N140,000. So how do you want to operate? You’ve not talked about the cost of vehicles, cost of loading, driver’s allowance. That is for local.”

He stated that the cost of moving products out of Lagos or Warri to other states was far higher than what the government was paying to tanker drivers as bridging claims.

The government pays an agreed sum to transporters of petroleum products as bridging claims in order to ensure equality in the pump prices of these products across states, though this has not been the case.

NARTO is the umbrella organisation for commercial vehicle owners in Nigeria. The association represents the interests of those involved in haulage of petroleum products, general cargoes and passenger movement within the country and the West African sub-region.

NARTO has expressed several concerns regarding transporting petroleum products in Nigeria, impacting both their members and the overall efficiency of the process.

It has complained of poor road conditions, as frequent potholes, dilapidated bridges, and lack of proper maintenance lead to increased wear and tear on vehicles, higher running costs and longer journey times.

The association has also raised concern about traffic congestion, particularly around ports and depots, as this adds significantly to delivery delays and further increases operational costs.

On inadequate parking facilities, NARTO had stated that the lack of safe and designated parking areas often forced drivers to park in unsafe locations, leading to security risks and fatigue.

It had also raised concerns about the multiple checkpoints in Nigeria, as numerous security checkpoints could cause unnecessary delays and harassment for drivers.

Another issue is delayed payments, as late payments from oil marketers create cash flow problems for transporters.

Also the association has called for safety, because the theft of petroleum products, pipeline vandalism and other security threats create risks for drivers and equipment.

On policy and regulatory concerns, NARTO had observed that some depots limit access to specific transporters, impacting competition and efficiency.

It had stated that inconsistent or ambiguous regulations could lead to confusion and enforcement challenges, adding that transporters often struggled to access affordable financing for vehicle maintenance and upgrades.

The Punch

Featured

TEF Entrepreneurship: Tony Elumelu Foundation Sets March 22 to Announce 2026 Cohort

Published

22 hours ago

March 20, 2026

Eric

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs will announce the 12th cohort of the flagship TEF Entrepreneurship Programme on Sunday, March 22, 2026.

In 2026, the Foundation will empower a total of 3,200 entrepreneurs across all its entrepreneurship programmes:
1,751 entrepreneurs through Heirs Holdings Group: Heirs Energies, Transcorp Power, Transcorp Hotels, and United Capital; 1,049 entrepreneurs in partnership with the European Commission, OACPS, BMZ and GIZ; 100 entrepreneurs in partnership with Sèmè City Development Agency; 100 entrepreneurs in partnership with DEG, the German Development Agency; 100 entrepreneurs in partnership with the IKEA Foundation, UNICEF’s Generation Unlimited and the Dutch Government; and 100 entrepreneurs in partnership with UNDP and the Rwandan Ministry of Youth and Arts.

Applications to the flagship programme were received from over 265,000 young Africans, representing all 54 African countries, underscoring Africa’s vibrant entrepreneurial sector and the funding challenge for entrepreneurs. The new cohort will join the TEF Alumni community of more than 24,000 entrepreneurs.

The selection process is conducted by Ernst & Young, ensuring an independent and rigorous assessment of applicants.

Each selected Tony Elumelu Entrepreneur will receive $5,000 in non-refundable seed capital, access to world-class business management training on TEFConnect, one-on-one mentorship, and entry into a powerful network of investors, partners, and other entrepreneurs.

The Tony Elumelu Foundation has empowered over 2.5 million young Africans with access to business management training on our proprietary digital hub, TEFConnect, and disbursed over US$100 million in seed capital to more than 24,000 selected entrepreneurs. Collectively, these entrepreneurs have generated $4.2 billion in revenue and created more than 1.5 million direct and indirect jobs. Through our support for African entrepreneurs, TEF has lifted 2.1 million Africans above the poverty line, and positively impacted more than 4 million African households, with 46% of supported entrepreneurs being African women.

Ahead of the upcoming announcement, Tony O. Elumelu, C.F.R., Founder of the Tony Elumelu Foundation, reiterates his unwavering belief in the potential of Africa’s entrepreneurs:

“The future of Africa will be built by Africans who create businesses, generate jobs and solve the challenges of our continent. At the Tony Elumelu Foundation, we believe that empowering entrepreneurs is the most sustainable path to Africa’s economic transformation.

I look forward to announcing and congratulating the 2026 cohort of Tony Elumelu Entrepreneurs and look forward to witnessing the impact they will create across our continent.”

The general public is invited to join, virtually.

Featured

Eid-El-Fitr: Glo Felicitates with Muslims, Urges National Unity, Compassion

Published

24 hours ago

March 20, 2026

Eric

High premium Technology Company, Globacom, has felicitated with Muslims across Nigeria as they celebrate Eid-el-Fitr festival which marks the successful completion of the Ramadan fast.

In a goodwill message released in Lagos, the company commended the resilience and devotion shown by the faithful during the 30 days of spiritual reflection, sacrifice, and abstinence.

Globacom emphasized the importance of love, sacrifice, and community, encouraging Nigerians to embody these values.

The company explained that the end of Ramadan should serve as a springboard for continued personal growth, urging Nigerians to “use Eid-El-Fitri as a moment to reflect on their spiritual journey, promote the spirit of being one’s brother’s keeper, regardless of faith or background, and make sacrifices towards building a more prosperous and peaceful nation for all”.

Globacom enjoined its millions of subscribers to utilize the network’s innovative and affordable data and voice offerings to enhance their festive experience. It reaffirmed its commitment to providing seamless connectivity and ensuring that family and friends can stay in touch, share moments of joy, and exchange Sallah greetings throughout the holidays and beyond.

Featured

Reno, Fani-Kayode’s Brains Configured to Say Anything and Delete – Dele Momodu

Published

2 days ago

March 18, 2026

Eric

By Eric Elezuo

Renowned journalist and a chieftain of the African Democratic Congress (ADC), Chief Dele Momodu, has come down hard on two loyalists of President Bola Tinubu, Reno Omokri and Femi Fani-Kayode, who were ambassadors-designate, before being posted to Mexico and Germany respectively.

Momodu, in a statement titled Reno Omokri and Femi Fani-Kayode: A Tale of Two Shameless friends, and posted on his verified social media handles, including Instagram, noted that the two men have proved themselves as very ‘shameless’, with brains configured to say anything and delete immediately.

While referring to Reno and Fani-Kayode as two perpetual agents of perfidy’, Momodu informed that his statement was in other not to give the ‘two…friends’ the impression to think they could bully him into silence and submission.

“No. They can’t. They both have no credibility whatsoever. Together, they’ve expressed the worst views ever about BOLA TINUBU that they will never be able to erase, or clean up, in a million years, except the world finally comes to an end,” he said.

While maintaining that he stands by his qualification of President Tinubu as a dictator, he clarified that the duo of Rwno and Fani-Kayode has disparaged and said worst things about Tinubu in the past, with whom they are hobnobbying with at the present.

Momodu revealed that his suspension of his weekly column on ThisDay and The Boss Newspaper was out of respect for some Yoruba elders, for Tinubu, and not to be critical of him as he did to his predecessors, saying that he has nothing against the president except for his consistent dive into the world of dictatorship and tyranny.

The Ovation Magazine publisher berated the duo of Reno and Fani-Kayode for severally reaching out to him privately for publicity. He also boted that he is not a victim of poor upbringing as the two men constantly portray. He further contrasted himself from the two men, saying he does not fight like pigs, and unlike the duo, has a job.

Read the statement in full

RENO OMOKRI & FEMI FANI-KAYODE: A TALE OF TWO SHAMELESS FRIENDS…

I was going to ignore these two perpetual agents of perfidy but later decided to respond to them just in case they think they could bully me into 🔕 silence and submission.

No. They can’t. They both have no credibility whatsoever. Together, they’ve expressed the worst views ever about BOLA TINUBU that they will never be able to erase, or clean up, in a million years, except the world finally comes to an end.

The only reason I could adduce for Tinubu’s tolerance of both irritants is desperation and his inability to find better people to do the dirty jobs. The brains of these ones have been configured to say anything and delete immediately.

I have never disparaged TINUBU in my life. I have never called him a murderer. I have never called him a drug baron or addict. I’m intelligent enough, not to say what I have no proof of. Only morons talk without thinking. I thank God for good upbringing. I do not fight like pigs. And I have a job and manage my modest income. I’m not seeking government appoints. I know how many times Femi and Reno have reached out to me, privately, either begging for publicity or apologizing for attacking me publicly.

All I have accused Tinubu of is DICTATORSHIP and I stand by it with my full chest. I oppose tyranny because I once suffered under it. Chief Moshood Abiola won an election but dictatorship deprived him of his victory. Why should we replace military dictators with civilian slavemasters. That’s my only grouse against TINUBU. Because of our past association, I have been partial and generous to him by not being as critical of him as I did to his predecessors.
Because of TINUBU, I stopped writing my PENDULUM column on the Backpage of Thisday and The Boss newspapers. Also, out of respect for Yoruba elder statesmen, including retired Generals who pleaded that we give him time to stabilize. They are alive to bear me witness.

How Femi and Reno can continue to harass people on behalf of a TINUBU they’ve permanently damaged and sent to the cleaners really baffles me.

But this is Nigeria…

– AARE BASORUN AKINROGUN DELE MOMODU