Mon 17 Feb 2014

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TheGuardian Conscience, Nurtured by Truth

Monday, February 17, 2014

Vol. 30, No. 12,835

www.ngrguardiannews.com

N150

NCC holds N3.6b broadband spectrum auction this week ‘Why some bidders withdrew’ By Adeyemi Adepetun HROUGH the Nigerian Communications Commission (NCC), the Federal Government will this week start the final process of awarding the 2.3GHz spectrum licence to the preferred bidder. But some interested firms withdrew from the race due either to fear of litigations or lack of funds. Though a source close to the process told The Guardian at the weekend that there were about 15 firms, including foreign companies that submitted proposals, after the screening, only two contenders, Globacom Limited and Bitflux Communications Limited, met the Information Memorandum (IM) criteria for the auction. Some of the firms, according to the source, that had showed interest in the multibillion naira spectrum auction include MTN Nigeria, Spectranet, Etisalat, Mobitel, Brymedia Consortium, Zinox Telecoms, Airtel, Bitflux Communications Limited and

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President Goodluck Jonathan (right), General Overseer, The Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye; and his wife, Folu, during a service at its Olive Tree Parish, Ikoyi, Lagos... yesterday.

Why kerosene’s price is high, by marketers From Mathias Okwe (Abuja) and Roseline Okere (Lagos) MID the controversy over A the subsidy on kerosene, an insight into why the product is scarce and its price high wherever it is available has been offered by stakeholders. The President of the Independent Marketers Association of Nigeria (IPMAN), Abdulkadir Aminu, disclosed that the inadequate importation and supply of kerosene into the country to meet the growing demand of the product accounted for its scarcity and high price against the official rate of N50 per litre.

• Say removal of subsidy from product may cause revolution • Deny graft allegation against ministry, NNPC’s officials • Corporation explains how crude oil proceeds are shared Aminu also declared as “malicious and untrue” the allegation by ‘faceless’ oil marketers that IPMAN’s members induce officials of the Petroleum Ministry and the NNPC before they could be given allocations to lift petroleum products. Besides, the NNPC has given a breakdown of the crude oil proceeds, royalty, cost of production, Petroleum Profit Tax

(PPT), profit and what should go into the Federation Account. The NNPC insisted that the Petroleum Development Company’s (NPDC) assignment of some oil assets was in line with the terms of the Joint Operating Agreement (JOA) with the International Oil Companies (IOCs) partners. The IPMAN boss, who spoke with reporters in Abuja, equal-

ly advised the Federal Government to resist any pressure on it to remove subsidy on kerosene now until an alternative and cheaper energy source such as LPG was in place or risk a revolution that would follow the measure. According to him, the shortage and high cost of kerosene in the country are because the country is still importing the 2003 seven million litres daily

consumption template whereas demand has since soared due to population growth and industrial demand. He said: “About seven to 10 million litres are supplied but our national consumption today is over 15 million litres daily. There is a shortfall in supply and therefore the law of demand and supply sets in and people think there is no subsidy. No, there is subsidy.” Aminu also spoke on the allegation of bribery against officials of the Ministry of Petroleum and the NNPC, saying that the claim was untrue CONTINUED ON PAGE 2

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91 feared killed in fresh attacks on Borno villages - Page 6 Abia gov’s son escapes death, aide killed - Page 7 Benin teaching hospital records success in sickle cell transplant - Page 7 Yoruba in Kwara seek boundary adjustment - Page 8


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Mon 17 Feb 2014 by The Guardian Newspaper - Issuu