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Marketers Will Pay Naira for Dangote Fuel -IPMAN

Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon

FG draws 3-year plan for major roads in six geopolitical zones

Katsina—Determined to ensure equitable development of road infrastructure across the country, the Federal Government has evolved a three-year plan for the implementation of major road projects in each of the six geopolitical zones of the country

Minister of Power, Works and Housing, Mr. Babatunde Fashola SAN, who disclosed this at the just-concluded National Council on Works meeting in Katsina yesterday, said the plan, which would be implemented between 2017 and 2019, was already being shared with the Ministry of Budget and Planning for inclusion in the 2017 budget and future national planning data.

Fashola, who said the plan was meant to connect states within each zone and across the country, however, pointed out that because government’s resources were limited, it had to make choices which, according to him, border on priority and economic expediency.

The Minister said government would be guided in its choices by such factors as inputs from the Ministry of Agriculture and Co-operatives, which have provided data of critical roads in each of the six zones that are necessary to help evacuate farm produce to the  market.
Governor of Calabar Prof. Ben Ayade shows President Buhari the Architectural design/plan during the Ground Breaking Ceremony of 260Km Super Highway Double Carrier Road from Calabar to Northern Nigeria on 20th Oct 2015.
Governor of Calabar Prof. Ben Ayade shows President Buhari the Architectural design/plan during the Ground Breaking Ceremony of 260Km Super Highway Double Carrier Road from Calabar to Northern Nigeria on 20th Oct 2015.(File)

He said: “Also roads leading to and from fuel depots will be high on the priority of choices because of the need to develop mining business and evacuate mining products and petroleum cargo to fuel the nation’s energy need.”

Fashola said government was also giving priority to roads that carry heavy traffic to reach more people with its limited resources because of the need to move large numbers of commuters, adding that while government could not build all roads in one year, a faithful implementation of the plan would ensure equitable delivery of better roads across the country.

Fashola also announced that government had set in motion moves to form partnership with state governments to deliver safe and motorable roads across the country.

He added, however, that success of the move would depend on a number of factors, some of which were in the control of the states and some  in the control of the Federal Governments

Source; Vanguard

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