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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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Bad Roads: Reps berate FERMA

Nigerian roads not maintained by FERMA

The House of Representatives Committee on Federal Road Maintenance Agency (FERMA) has expressed disappointment on FERMA over the deplorable state of roads across the country.

The committee also on Wednesday frowned at the non-usage of more than N10 billion by FERMA which was allocated by the Federal Government in October 2016.

The Chairman of the committee, Rep. Jerry Alagbaso, said at the opening of a two-day investigative hearing in Abuja said that Nigerians were worried over the inability of FERMA to leave up to expectations.

The committee frowned at the agency and mandated that a probe be made on how funds allocated to them and recruitment exercise in recent past were carried out.

According to some members of the committee, “each time FERMA management appears before us we are always disappointed because they do not give us the actual situation on ground.

“People are even saying we should pass vote-of-no-confidence on the Managing Director”.

The acting Managing Director, FERMA, Mr Peter Ibu, while pledging to make amends on their performance, said “lack of funding has been the agency’s major challenge”.

The Zonal Coordinators from South West while explaining their challenges said that maintenance had not been carried out in some major roads in Lagos since eight months ago.

They also said that no funds had been received from the headquarters.

Others said the funding and the awarding of contracts should be looked into.

A member of the committee, Rep. Yusuf Tajudeen (PDP-Kogi) questioned why the N10 billion released in October for the agency had not been utilised till date.

Responding, the acting managing director said they were authorised not to use the money by undisclosed authorities.

The committee after further interrogation went into a closed session that lasted for 30 minutes.

The two-day hearing was to look at the loopholes of FERMA and strengthen it particularly on how the agency could work effectively.

The chairman said that another hearing would be scheduled for next week.

(Nan)

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