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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

40% imported electronics, cables substandard – SON

High and Low Voltage cables

Mrs Bose Kehinde, the South-West Regional Coordinator of Standard Organisation of Nigeria (SON), says 40 per cent of the total electrical and electronic appliances imported into Nigeria are substandard.

Speaking at a one-day workshop organised by SON, she said that importers of electronics and electrical components were responsible for many fire incidences in Nigeria.

Kehinde told Electrical and Electronics Dealers Association in Osogbo that they should endeavour to import products tht were up to standard.

The SON coordinator warned the Nigerians against importation of substandard electrical and electronic appliances.

She said that the usage of such products had made many families to become victims of fire disasters with destruction to lives and property.

Kehinde stressed the need to protect consumers from the danger of using substandard appliances.

The south-west coordinator expressed the commitment of SON to continued sensitisation of Nigerians on the need to eschew buying of substandard products.

Mr Richard Adewumi, the guest speaker at the workshop, said that substandard electronic and electrical appliances enjoyed more patronage because they were cheaper compared to quality ones.

Adewumi said that substandard appliances constituted a hazard to public health, lives and property.

Accordingly to him, it is very challenging to control importation of fake appliances because some importers often evaded inspection by regulatory agencies at the point of entry into the country.

Adewumi urged importers to always ensure that the products they import into the country complied with standards.

He also disclosed that 15 per cent of the imported products into the country were counterfeits.

In his remarks, the SON Coordinator in Osun, Mr Sunday Badewole, urged importers to always buy products with warranty and users’ manual.

“Refuse patronage of importers of substandard products because the law will always deal with whosoever sells such products.

“Consumers should avoid products that have no country of origin or manufacturer’s name and address,’’ Badewole advised.

Source; nan

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