 Welcome back. We're talking about fuel consumption dropping by 18.5 billion litres after deregulation. I don't know if that's a good thing or a bad thing. The experts will tell us that and we do not know how that has impacted whether positively or negatively on the people. But by the way, how does the group that plays around that sector take it? So, we are having the privilege this morning of being joined by Ipman National Public Relations Officer, Ipman that is Independent Petroleum Marketers Association of Nigeria, in the person of Chief Okadike Cinedu. Chief Cinedu, welcome to the program. I'm fine this morning. If you can speak up a little bit louder so that we can hear you. And we cannot see you now, please put on your video. Okay, now we are being told that after deregulation, the monthly consumption has dropped by 18.5 million. I don't know if that's a good thing or a bad thing. Please let us know what you think is happening here. Are Nigerians better for it or are we worse for it? The 18.5 million that it has reduced by, is that a good number or a bad number? Please let us know. Well, the statistics you have is from NLPC, NLPC, limited NLPCDR, and the statistics you have was articulated by them because you know Nigeria is heavily dependent on the protection of petroleum products from foreign countries. And since the removal of world subsidy, I also believe that they have turned down the volume of importation of petroleum products into this country. And with that, since there is no scarcity and the steady supply of petroleum products all over the nation, they will be able to articulate the quantity of petroleum products they have imported into this country. And you will also understand the factors that will affect the reduction of consumption of fuel in Nigeria. One is that the domestic consumption of fuel has been restricted because of the high cost of price of petroleum products. And another one is the exportation of petroleum products that was imported into this country, smuggled out of this country to a neighboring country. The other one is the invention of using LPG and CNG. LPG in terms of the conversion of some generators because you know that petroleum products, pre-remotor spirit, PMAs, drives SMCs in this country because of the failure in the power sector. So you all understand with me that even the little parmigial environment, actually, everybody could in your studio. Sometimes it burns on fuel generators to be able to run their commercial activities. That is not only the also factors. Factors is that the price of the petroleum products has also shaded and tell all the consumption of motor, the consumption of energy or motories. And that's why we're necessarily travelling and also considering the essence of travelling and the pulling of our software together to be able to travel in one vehicle. So some of the things trying to be very, very careful not being extravagant have also ensured that petroleum products imported in this country has been turned on. And that is why I get into such figures. Unlike the Burgos figures, most were misplaced by the exploitation of small glass and those that are particularly ascending the petroleum products across the border. Okay. Well, it gives me an idea, Lehmann, that reducing by 18.5 million just shows that these are people who ordinarily could have used it, but are not able to, which means their life is now worse than it used to be. Do you look at it from that perspective as well? Well, I don't think I just don't know. I don't think I just don't know because I also want you to understand that immediately the removal of testosterone was announced by Mr. President during his inauguration. You also have to understand that it's also a ripple effect by commuters in neighboring countries and those who smile to the back with the protection of petroleum products in Nigeria and small businesses in other countries, other neighboring countries. People who are there agitating that Nigerians should be found back to the non-sufficiency regime era. So now that this has affected adversely on people who are gaining from this ill, ill sector, it is also important that we look at ourselves and able to find out where our problem is coming from and where we are going. We cannot be able to continue to be able to propagate this illicit exportation of petroleum products to the nobody. The country suffers and the products like me and you are dying and amenities and infrastructure are decaying because of lack of funding. So I am not saying it in that way. I am saying it in a very, very positive way so that it will also be able to be able to consult us so that we will not actually want to struggle with the economy because you also have said it in one of your interviews that every now economy has advised Nigeria, country world, has advised Nigeria that if we don't deal with the issue of the removal of testosterone and both of them have removed the regulator in the economy, that it will clip the natural economy with those times. Creative ways because this one just is like for me, I don't know about you, but for me it's like you have your child in a boarding school and you are buying provisions for them but for the fact that you know that senior students will come and take part of that, those provisions, you stop buying the provisions for him so that the senior students will not have access to the provisions again. So are you not doing your child a disservice by doing that or can't you find other ways in which you can still give your child those provisions and not have the senior students come and bully him and take those provisions away from him? That's how I am seeing it, that because you want to beautify the face, you first of all pull out the nose. That's what my people say. So are we not suffering more than we are gaining just because we found out that some of the scrupulous elements, not even the scrupulous elements, they are businessmen, just like you have a filling station in Nigeria. Some people might just decide that the fuel they get, they are going to take it to another country because it will pay them more. So are we not suffering more than we are gaining from whatever is happening now? 18.5 million liters shot because of deregulation. Okay, even then, let's remove us from the picture. How has Ipman gained from this deregulation now at this moment? Okay, what are the things that are found in child or child in the morning school? Like a biennial school. And some senior students are also enjoying those provisions you bought for your child. And when you go to your school and you find out that your child is suffering from shock, I have spent a lot of money buying provisions. And the child is not even taking any part of these provisions. Instead of the drinking the milk and the cashier and others of it, they will control the child to smoke in the oven and eat in the carbon display. And the child is managed with it. Don't you think you have to find a way to be able to ensure that you don't give that to the students an opportunity to continue to exploit your child? That's not possible. Stopping sending those provisions to your child. So your child will also understand that the child is hungry. He doesn't get that provisions. That he is able to safeguard it, not allow the people to come and take it because the provisions are in software. I think we are important more than we can consume. If 18.6 million liters are being saved, we can save this country a lot of money. And that kind of money can be used to be able to empower and improve on public health and health. And also increase your salary because we know that the salaries are not being increased. So put it up for the software. It's a top of top, top of top, top of top of the policy but not for the software. So the government is trying as much as possible to be able to reduce amount of this funding, excessive funding that are at least worthwhile and stop from, from enabling unnecessary inflation of some of this voodoo by those that are important in petroleum programs and all. I feel that there is a policy measure at the point in time whereby government will come at very, very strong and they will take some decisions, drastic decisions that will affect those who are directly the responsibility and those who are secondary responsibility. So they have to find other secondary leads. They can go to a discount and they will look at how they can go to take care of the program. Now for the independent marketer, it is not equal for us. The people are fortunate to do. So for who are used to, used to buy a particular product and see their task, a comp, buy from a vehicle and that's who motor case. There are no non-cash, so you see those kind of shoes. You go to the excursion, our test has dropped drastically. Those do not normally buy food tax. No non-cash buy food tax anymore. They buy petroleum products as they can be able to use or be able to continue. No unnecessary movement. Those that are driving by who normally used to buy 10 litters, 5 litters, most of them buy 3-2 litters and they will decide themselves as completely on a side, who don't have their own either by striking or they are using their phone, not coming to your house. Somebody can also come this morning and say, it's very safe but very free to start and all that and they will not be sure of who would be going to do. So this also has to be done economically. So that most of these are not part of an economic case, I'm telling you too. For who they depend on the government, it's not really helpful because it's no longer moving. Sometimes most of our creditors say, oh, who dropped their things. But it's like it takes two weeks for them to say what's wrong. Nobody is coming to buy. Even those that are used to rent or to sleep sometimes have not decided to put what's to do next and they'll put their windows and they sleep. So it is important that at this particular point we will start adjusting our efforts. Because everything is in some role. The people there who are still providing, sometimes they are important. So they are going to sit down for a refinery. Nobody is talking about refining for a refinery. Nobody is talking about the most large refineries. Nobody is talking about this LAPT. Nobody is talking about this LAPT to power the idea. Now, to give you an information about a public government that is not very close to me, who are not really used to grab back my hair. They are not using the LBG to power the generator. No smoke. No unnecessary L9. The generator is coming. I need to tell you that you can use just a few of the LBG to power the generator for at least a few minutes. Look at the kind of spot you are serving on the corner of it. They are pushing it, they are throwing it so long and they are... We have like one minute now. We have like one minute now. Please just be very brief with this one. Yes, I know. That's why we have to reschedule another time. But this one I need you to answer this one. The question is that now that all these things are happening and they say they are giving licenses to people independent marketers to import fuel. How far so far? How seamless is the process? How easy is the process for all of you? And how many of you are engaged in that? We heard that only six licenses were given. We didn't hear the names of the five others. We only heard of Dangote. We don't know what the five others are. Maybe the news is out there. I didn't see it. So how far so far in terms of being able to get licenses for your members to do the importation of fuel or PMS? Well, you know that our tradition before the day-to-day regulations, NMTCL is the source of the problem for us in this country. And when we were present, many types of problems were very important once. So I would have to run back to the books. So there would be three words to that. There would be the independent marketers of Kuto, Tamra, Tamteni, Tamteni. Do you now want to discuss with some countries in this country? And take that from countries in Asia? And who are part of Asia? From China? Who are also interested in the way to partner with independent marketers to bring in change to these people. These policies have three reasons to be able to work home. And you also know that independent marketers constitute 90% of present athletes. And we are doing one major off-the-gain, that's off-the-gain production. So we also want to report our off-the-gain product. I want to talk about the matter. We have been training this year for a license and wants to come with our partnership as discussions about ongoing work to try to also bring in Muslim athletes. So these are issues, these are issues that are in the component of the presence of independent marketers who are also interested in the way to discuss with some of our foreign investors. And I think those are the policies that we are working on. Thank you very much. We'll still be in touch with you to get updates as the days go by. For now, I would like to thank you so much for coming on the program this morning. Thank you. We've been talking with Chiva Okadike Chinadu, IPMAN, National Public Relations Officer. And this is where we wrap up for today. But before we go, this is the quote for today. Science and technology revolutionize our lives. But memory, tradition and myth frame our response. That is by, according to Arthur Schlesinger. And that is how it's going to be on the show this morning. Let's do it again tomorrow. My name is Namgul Agadji on behalf of the entire team saying have a wonderful day.