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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...
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I warned Jonathan's government about recession - Obasanjo

Former President Olusegun Obasanjo says he foresaw and warned about Nigeria’s current recession two years ago, but said he was ignored.

Mr. Obasanjo said he was concerned about recession when he saw how “recklessly” the Goodluck Jonathan administration spent the country’s resources.

The former president spoke on Saturday in an Independence Day message at a lecture organised by the Youth Fellowship of Owu Baptist Church, Abeokuta.

“Whoever that has lived to witness the celebration of today should thank God,” he said. “Things are not what they should be, but we should pray that next year will be better than this year.”

“We thank God for those who are alive, we prayed for the souls of those who have laboured for these country and who have passed on to rest in perfect peace.”

Mr. Obasanjo said one of the major issues threatening the peace of Nigeria now is the high level of unemployment.

“Unemployment is a major problem in the country today and if we don’t take care, it will consume all of us. In fact, the rising unemployment is a time bomb,” he said.

The former president recalled how he got five job offers immediately he completed his secondary school education at Baptist Boys High School, Abeokuta.

He said he received offers from the United Africa Company (UAC) and Moore Plantation, Ibadan, among others. He said the situation is different today in the country.

Mr. Obasanjo said the businessman, Aliko Dangote, told him that six Ph.D. holders were among applicants seeking jobs with his company as truck drivers.

Mr. Obasanjo said the high rate of unemployment was responsible for youth restiveness in the country, warning that the situation should be tackled with all the “seriousness” it deserves before it get out of hand.

The former president said the country cannot develop if it pays no attention to agriculture.

“That is why we have to take it as a key of our development else the many educated Nigerians who have no job are like time bomb, sooner than later, it will explode,” he said.

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