Business
SPECIAL REPORT: Day Akwa Ibom market burned because a fire truck had no fuel
Published
1 month agoon
By
Preport
Blackened palm oil flowed across the wet market walkway. Burnt roofing sheets hung loosely over collapsed wooden stalls. Damaged freezers, melted buckets of rice, scorched cartons of tomatoes, and warped metal doors lay in heaps. Traders wandered through the debris in stunned silence, some clutching keys to shops that no longer existed.
Around 1 a.m. on 19 May, a fire broke out near the market fence at one of the container shops used as a cold room, according to witnesses. Within minutes, the flames spread through makeshift structures crowded against the perimeter of one of Akwa Ibom’s busiest daily markets – the Akpan Andem Market in Uyo, the state capital.
But while the fire advanced, residents and traders said the closest emergency response unit, a fire station inside the market, could not respond.
The reason, according to multiple witnesses and fire service officials interviewed by PREMIUM TIMES, is that there was no diesel to power the firefighting truck.
By the time federal firefighters eventually arrived hours later, traders, desperately fighting to put out the raging inferno, had formed human chains with buckets and basins. Residents fetched water from nearby homes. A hotel in the area supplied additional water. By then, millions of naira in goods had already been reduced to ashes.
“If not for the people in this street, this fire would have consumed far more shops in the market than this,” said Godwin Emmanuel, a phone and laptop repair technician, whose shop, luckily, was not destroyed by the fire.
Mr Emmanuel said he received a distress call shortly after 1 a.m. and raced about four kilometres from his house to the market, as public transportation was unavailable at night.
“When we called the fire service station inside the market, they told us the truck was working, but there was no diesel,” he said. “We called other places too, and heard the same thing. Help finally came after the chairman of Uyo Local Government contacted the federal fire service.”
PREMIUM TIMES visited the market around 11 a.m. on the day of the fire and observed smoke still emitting from several shops hours after the blaze was extinguished.

This newspaper counted at least eight container shops built along the market fence, which were completely razed. Another eight lock-up stores inside the market were severely damaged.
“Everything I had is gone”
Inside one of the burnt stores, palm oil still coated the floor in thick layers.
Utibe Udeme, who stored drums of palm oil in the shop, stood motionless beside the wreckage.
“I have lost over N12 million,” he said quietly. “I invested everything I had and even collected loans because of the expected returns later in the year. Now I am back to square one.”
Witnesses said the stored palm oil intensified the fire.
Nearby, Irene Edet sifted through charred bags of rice, burnt beans and blackened cartons of tomatoes.

“I recently got over N6 million to equip this shop,” she said. “There is nothing left to recover.”
She said she was informed about the fire during the night, but by the time she reached the market in the morning, her shop had already been destroyed.
“I asked how this could happen when there is no electricity in the market. They told me it was an electrical fault from another shop,” she said. “I am begging the government and the market leadership to help us.”

For Emah James, a food vendor, the losses went beyond merchandise.
“I lost the N50,000 I collected from my thrift contribution,” she said. “I buy rice and garri in bags for my business. Everything is gone.”

But beyond grief, many traders expressed anger.
Umoh Jeremiah, another victim, said no senior government official had visited them as of Tuesday afternoon, on the day of the fire incident.
“They are busy with elections, while people are suffering here,” he said. “We pay taxes every day in this market. Yet when an emergency happened, there was no emergency response.”
N40,000 shortage, millions in losses
When PREMIUM TIMES visited the fire station inside the market, officials confirmed they had received distress calls but could not deploy immediately due to fuel shortages.

“For over two months now, this station has not received even a drop of diesel,” an official said on condition of anonymity because he was not authorised to speak publicly on the incident.
The official, however, said the firefighting truck was functional.
“If we had diesel, not up to two shops would have been affected,” he said. “The incident happened within reach. We would have responded almost immediately.”
Using Google Earth, an open-source tool that allows distance measurement, measured the distance between the fire station and the fire outbreak site. It was 105.98 metres, about the distance of 10 buses parked end to end.
Measurement of the distance between the fire service station at Akpan Andem Market and the location of the fire outbreak
According to the official, less than 20 litres of diesel would have been sufficient for the emergency response because of the short distance between the station and the fire scene.
A survey of filling stations in Uyo found that diesel sold between N1,950 and N2,000 per litre. Twenty litres would, therefore, not be more than N40,000.
That amount, traders noted bitterly, might have prevented losses running into tens of millions of naira.
The incident has raised fresh concerns about emergency preparedness in Akwa Ibom State despite the state’s strong revenue profile and previous calls for improved emergency response.
In April last year, Akwa Ibom youths asked Governor Umo Eno’s administration to develop and implement a comprehensive state emergency response strategy after noting that the state lacked one.
Data obtained by PREMIUM TIMES from the spokesperson of the Akwa Ibom State Fire Service, Emmanuel Michael, indicates these concerns are becoming more urgent.
According to Mr Michael, the state has had 30 documented fire incidents between January and 20 May 2026.
The figure translates to an average of at least six documented fire outbreaks per month, highlighting mounting pressure on the state’s emergency response system and the need for sustained investment in fire prevention and rapid-response infrastructure.
Akwa Ibom is not a state gasping for resources that can deter its emergency response.
PREMIUM TIMES previously reported that Akwa Ibom received N397.51 billion into its coffers between January and March 2026. Within the same period, the state said it spent N201.73 billion.
A budget performance document reviewed by PREMIUM TIMES showed that N29.78 billion was spent on “other recurrent costs” during the quarter, a category that includes operational expenses such as fuel for government agencies.
However, Mr Eno’s administration has, for five consecutive quarters, failed to publish detailed expenditure breakdowns required under the state’s fiscal responsibility law, making it difficult to determine how much was allocated specifically to fire service operations.
“Only three functional trucks in the entire state”
At the headquarters of the Akwa Ibom State Fire Service in Uyo, a senior official painted an even grimmer picture.
The official, who requested anonymity for fear of government sanctions, told PREMIUM TIMES that only three firefighting trucks were functional across the entire state, all stationed within Uyo. Two were located at the headquarters, while one was at Akpan Andem market. He added that diesel shortages had become routine.

“Our diesel finished on Sunday after another firefighting operation,” the official said. “Most times, we rely on Hensek Group to assist us with diesel during emergencies.”
Hensek Group, a Uyo-based construction company, handles the majority of the Akwa Ibom State Government’s road contracts. Its owner, Uwem Okoko, is a close political ally of Mr Eno and heads the Umo Eno Campaign Organisation for the 2027 elections.
The fire service official said poor logistics have severely weakened emergency response capacity across the state.
When contacted, the spokesperson for the Akwa Ibom State Fire Service, Mr Michael, confirmed that the service experienced a diesel shortage during the incident.
He said officials attempted unsuccessfully to source fuel during the night.
“Our people were looking for where to buy diesel but could not find enough because it was late,” he said. “I contacted the federal fire service. Even they initially said they did not have diesel until they later managed to get less than half of a 25-litre container.”
Mr Michael said additional diesel was later sourced through Hensek.
Asked whether the dependence on emergency fuel sourcing affected operational efficiency, he responded: “Such things happen.”
When PREMIUM TIMES insisted that it was aware of the agency’s underfunding and asked what his prayers to the government were, Mr Emmanuel acknowledged the concern.
“Since you have already made your findings and discovered that the agency has not been funded so well, the call is that we pray the government will be proactive to know that fire service is meant to save lives and property, and that emergency can occur at any time to anyone thus we should not run short of any amenities that can help us do our job,” he said.
Budget priorities and missing details
An examination of Akwa Ibom’s 2026 approved budget showed that the Ministry of Works and Fire Service received the state’s largest capital allocation — N416.2 billion.
Yet only three line items in the ministry’s capital projects directly relate to firefighting infrastructure: the procurement of two firefighting trucks for Uyo, the purchase of laboratory and safety equipment, and the installation of a fume cupboard expeller.
Together, the projects amount to N302.7 million.
However, a review of last year’s budget performance gives reason for cautious optimism. In 2025, the state budgeted N210 million for the same items. Senior officials at the fire service headquarters said such equipment had not been provided.
When our reporter contacted him, the Akwa Ibom State Commissioner for Works and Fire Service, Eno Ibanga, denied responsibility for current fire service operations, despite state law, specifically Volume III, Cap 55 of the Laws of Akwa Ibom State 2022, placing that duty on his office.
While the law mandates the commissioner to ensure efficient fire service response, Mr Ibanga claimed the agency is now overseen by the Office of the Head of the Civil Service.
PREMIUM TIMES found that the Commissioner for Works and Fire Service retains legal responsibility for these operations, and efforts to reach the Head of the Civil Service, Elsie Peters, for comment were unsuccessful, as she did not respond to calls, SMS, or WhatsApp messages from our reporter.
The newspaper, in its enquiry to the Head of Akwa Ibom Civil Service, asked about measures the state government has put in place to ensure emergency response readiness at major public facilities and markets, and if the government is considering an investigation into the circumstances surrounding the fire incident and the response delay.
Interestingly, an existing policy framework already contains proposals that address many of the gaps exposed by the Akpan Andem Market fire.
PREMIUM TIMES reviewed the proposed Akwa Ibom Disaster Risk Management and Emergency Response Policy Framework, a document designed to establish legislative and institutional structures for disaster preparedness and emergency response across the state.
The framework provides recommendations on fire prevention, emergency preparedness and response systems, public awareness campaigns, training, inspection and enforcement.
It also proposes regular inspections of public and private buildings to ensure compliance with fire codes and safety standards, while outlining coordination procedures among agencies such as the State Emergency Management Agency, the National Emergency Management Agency (NEMA), the Nigeria Police Force, and the Nigerian Red Cross during emergencies and multi-hazard disasters.
Government agencies and institutions that contributed recommendations to the framework include NEMA, the Nigeria Security and Civil Defence Corps, the Ministry of Environment, the Fire Service Commission, the University of Uyo, the Ministry of Women Affairs, and the Ministry of Humanitarian Affairs.
Despite extensive consultations, the framework has yet to translate into visible institutional reforms.
‘No strong will to take action’
Elkanah Oluyori, executive director of the Clement Isong Foundation, said the organisation, with support from ActionAid Nigeria, consulted, drafted and submitted the draft framework to the Akwa Ibom State deputy governor, followed by sustained engagement with the government, but little progress has followed.
“The idea was to establish different response units with clearly defined responsibilities during emergencies,” Mr Oluyori said. “This is something that could have addressed the recent fire outbreaks we have had in different parts of the state.”
He said implementation efforts had remained slow.
“So far, the actions have been slow, and the commitment to change has not been strong enough,” he said. “Government needs to embrace the ideas shared because disasters happen suddenly. There should be a response structure and units that can immediately take the right decisions to avert loss of lives and property.”
Mr Oluyori identified weak political will as a major obstacle.
“I believe the will to take action is not very strong,” he added. “But with the increasing emergency situations, maybe the government will begin to look into it.”
PREMIUM TIMES contacted the office of the Deputy Governor of Akwa Ibom State, Akon Eyakenyi, for clarification on the status of the framework and measures being taken to strengthen disaster preparedness and emergency response systems in the state.
Omen Bassey, the press secretary to Mrs Eyakenyi, said the proposal from the Clement Isong Foundation was being reviewed against existing legislation at both the state and federal levels to avoid conflicts.
“I think the deputy governor is enthusiastic about it,” he said.
“Since it’s a legal framework, the advice of the Attorney General has to be sought and obtained.
“I know the state government is working towards further strengthening disaster preparedness and emergency response in the state. I don’t have the details, and I am not competent to speak on it.”
Illegal structures, shared blame
The Chairman of Uyo Local Government Council, Uwemedimo Udo, said preliminary findings suggested the fire started from makeshift structures erected near the market fence.

He said he contacted the federal fire service and police authorities during the incident and confirmed that Hensek Group also supported with some diesel.
The council chairman said the local council would work with the Uyo Capital City Development Authority to assess and, if necessary, demolish illegal structures around the market.
But when asked why the council had not supported the fire station with diesel despite generating daily revenue from traders through market tickets and rents, he said the fire station belonged to the state government.
“If you want their attention, call the people in charge, and they will respond,” he said.
Meanwhile, at Akpan Andem Market, traders who lost millions watched firefighters frantically search for diesel in the middle of the night in one of Nigeria’s highest-earning oil-producing states, a state that generated nearly N400 billion in three months, yet could not guarantee enough fuel for a truck stationed inside its busiest market.
And by Tuesday afternoon on the day of the fire, traders were still standing inside the ruins of their businesses, asking the same question: How many livelihoods could have been saved if the truck had moved when the first call came?
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Business
BUA Foods seeks shareholders’ approval for ₦504 billion dividend payment
Published
9 hours agoon
July 7, 2026By
Preport
Africa’s leading food manufacturing company, BUA Foods Plc, has proposed a dividend of N28.00 per ordinary share, totalling about N504 billion for the 2025 financial year.
Africa’s leading food manufacturing company, BUA Foods Plc, has proposed a dividend of ₦28.00 per ordinary share, totalling about ₦504 billion for the 2025 financial year.
The company stated that the proposal is subject to shareholders’ approval at its 5th Annual General Meeting, scheduled for 15 July at the Transcorp Hilton Hotel, Abuja. At the meeting, shareholders will also consider the company’s audited financial statements for the year ended 31 December 2025, as well as other statutory and corporate governance matters.
For the 2025 financial year, BUA Foods reported revenue of ₦1.77 trillion, representing a 16 per cent increase over the previous year. The company also recorded a 95 per cent growth in profit after tax to ₦518.4 billion. In comparison,ile total assets increased by 27 per cent to ₦1.39 trillion, reflecting continued investment in manufacturing capacity and capabilities, operational excellence, and long-term value creation.
The food manufacturer noted that the meeting follows a period during which BUA Foods delivered strong financial performance, enhanced operational efficiency, and reinforced its position as one of Nigeria’s most valuable consumer goods companies.
Meeting agenda
Commenting ahead of the meeting, the Managing Director of BUA Foods Plc, Ayodele Abioye, said the AGM would provide an opportunity to engage shareholders, review the company’s performance, and discuss its future direction. He noted that despite a challenging operating environment, the company sustained strong performance through disciplined execution and its commitment to delivering quality food products.
Mr Abioye attributed BUA Foods’ achievements to the support of customers, supply partners, its board, management, employees, and other stakeholders. He added that BUA Foods would continue to focus on creating sustainable long-term value through investments in capacity expansion and strengthening food security in support of national development.
READ ALSO: Access Holdings’ working to resume dividend payment – Chairman
“The 5th Annual General Meeting provides an important opportunity to engage with shareholders, reflect on another year of strong performance, and discuss the future direction of the business. Despite a dynamic operating environment, BUA Foods continued to demonstrate resilience through disciplined execution and an unwavering commitment to delivering quality food products to millions of consumers. Looking ahead, the focus remains on creating sustainable long-term value through continuous investments in capacity expansion, with capabilities that strengthen food security for national development,” Mr Abioye said.
The food company reaffirmed its commitment to delivering sustainable returns, strengthening stakeholder confidence, and advancing its purpose of nourishing lives every day.
Business
Customs announces lower tariffs on imported vehicles, sets ₦11tn revenue goal
Published
17 hours agoon
July 7, 2026By
Preport
The federal government has reduced import duties on both new and used vehicles under its 2026 fiscal policy measures, the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has disclosed.
Mr Adeniyi announced the tariff review on Monday while defending the service’s 2026 budget proposal before the House of Representatives Committee on Customs and Excise.
He stated that the import duty on used vehicles has been lowered from 15 per cent to five per cent, whilst the rate for brand-new vehicles has been cut from 20 per cent to 10 per cent.
According to him, the revised tariff regime forms part of the government’s broader fiscal policy for 2026 and is expected to support economic activity. However, it could reduce customs revenue from vehicle imports.
“We have the new excise tariff, which is provided in the 2026 fiscal policy. We believe that these measures will increase our revenue collection,” Mr Adeniyi told the lawmakers.
“Conversely, during the same tariff measures that were given to us, tariffs on vehicles and levies on vehicles have been reduced significantly. For used vehicles, the tariff has been reduced from 15 per cent to 5 per cent, and for brand-new vehicles, from 20 per cent to 10 per cent. So, we believe that this is something that may also negatively affect revenue,” he added.
Lawmakers react
During the session, Alex Mascot (Abia State) questioned whether the reduction would be sufficient to discourage importers from diverting cargo through neighbouring ports, particularly Cotonou.
“If five per cent has been reduced from the fee that is paid when you import goods into the country, why then do people still move their goods to Cotonou?” he asked. He argued that high import charges had long pushed many traders to clear their goods outside Nigeria and urged the Customs Service to assess whether the new policy would address the challenge.
Responding, Mr Adeniyi said implementation of the revised tariff structure commenced in May.
Chairman of the committee, Leke Abejide (APC, Kogi), welcomed the policy, describing it as a positive step for Nigerians. He said many citizens had consistently demanded lower vehicle import duties and commended President Bola Tinubu’s administration for approving the reduction.
2025 budget performance
Mr Adeniyi also presented the NCS 2025 revenue performance, revealing that the service generated ₦7.258 trillion between January and December, surpassing its approved target. He said the figure exceeded the annual target by ₦1.153 trillion, representing an 18.89 per cent increase.
Despite the strong performance, he noted that several government policies constrained revenue collection during the year. These included the suspension of excise duty on telecommunications services, the continued suspension of the proposed green tax introduced in 2023, and fiscal incentives aimed at encouraging local production of healthcare products, which reduced customs duty and Value Added Tax (VAT) collections on imported medical items.
He added that the presidential initiative promoting Compressed Natural Gas (CNG) and electric vehicles also reduced revenue from imports in those sectors.
According to him, revenue was further affected by the large volume of imports granted concessions through Import Duty Exemption Certificates (IDEC), VAT orders, and Schedule II of the Common External Tariff (CET). Mr Adeniyi disclosed that imports valued at ₦34.538 trillion benefited from various revenue waivers in 2025. Petroleum products accounted for 56.40 per cent of the concessions, military imports made up 40.52 per cent, whilst IDEC and other qualifying imports represented the remaining 3.08 per cent.
He also cited disruptions to global trade caused by the Russia-Ukraine war, particularly its impact on wheat imports into Nigeria.
Customs projects ₦11.074tn revenue in 2026
Looking ahead, the Customs Service is targeting ₦11.074 trillion in revenue for the 2026 fiscal year. Mr Adeniyi said the projection comprises ₦5.542 trillion for the federation account, ₦1.491 trillion in non-federation revenue, ₦2.773 trillion from import VAT, and ₦1.266 trillion from free-on-board (FOB) collections.
To achieve the target, he said the service would accelerate the deployment of the Unified Customs Information System (UCIS), also known as B’Odogwu, to automate customs operations and improve efficiency. Other strategies include expanding post-clearance and real-time audits to strengthen compliance, extending the Authorised Economic Operator (AEO) and advance rulings programmes to facilitate trade, deploying geospatial technology and joint border patrols to combat smuggling, and deepening engagement with stakeholders.
Mr Adeniyi added that the implementation of the new excise tariff regime, the planned reintroduction of the green tax, and other fiscal measures would strengthen revenue generation despite uncertainties in global trade arising from geopolitical tensions involving the United States, Israel, and Iran.
Proposed expenditure
The Customs Service is proposing an expenditure of ₦1.235 trillion for the 2026 fiscal year. According to Mr Adeniyi, the budget will be financed through ₦949.86 billion from the four per cent FOB allocation, ₦55.47 billion from its two per cent share of VAT revenue, and ₦230.04 billion earmarked for ongoing capital projects.
The proposed spending includes ₦421.70 billion for personnel costs, ₦307.77 billion for overheads, and ₦565.93 billion for capital expenditure.
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