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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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Osinbajo: N1trillion for housing


 

Vice President Osinbajo: N1 trillion to be spent on housing

To  provide affordable housing for Nigerians, Nigeria  is working with stakeholders to raise one trillion Naira, Vice President Yemi Osinbanjo said on Tuesday.

The vice president stated this   at the 22nd Nigerian Economic Summit (NES) in Abuja.

Osinbanjo made the disclosure  when he chaired a Roundtable on Job Creation, Skills and Employment at the summit.

He said that the proposed project would also help to   create jobs.

Osinbajo said that the job creation unit in his office had worked out a framework with the  Nigerian Economic Summit Group (NESG) to focus on three sectors to create employment.

He listed the three sectors as Construction, Agriculture and Information Communication Technology (ICT).

Under Construction, the Vice President said the Federal Government was trying to work on the social housing programme called the Family Home Fund.

“The Family Home Fund is a financial intervention into social housing in the country.

“We are trying to raise a fund which will come to about one trillion Naira; we have aggregated fund from the private sector, local and international funds already.

“The whole idea is to be able to intervene in mortgage financing so that developers can build special houses to the specification of the Federal Government.

“Already eight or nine states have given land and certificate of occupancy for social housing scheme.

“The idea is that any Nigerian who can afford N30,000 should be able to own a house,’’ he said.

Osinbajo said that there would emerge  job creation opportunities as technicians, engineers and skilled workers would benefit from the scheme.

He said there would also be training opportunity from the scheme.

The theme of NES is “Made-in-Nigeria’’

NESG was incorporated in 1996 as a non-profit private sector organisation with a mandate to promote and champion the reform of Nigerian economy into an open, private sector-led globally competitive economy.



Source;nan

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