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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

Jonathan ‘made the biggest investment’ in power sector

Godknows Igali, former permanent secretary of the ministry of power, says ex-President Goodluck Jonathan made the “biggest investment” in power sector.

He said this while speaking with Gatefield TV, an online platform.

Igali said before leaving office, the former president completed most of the power projects that were abandoned.

He said before the Peoples Democratic Party (PDP) government came into power, there was no investment in terms of improving power generation “in spite of the growing economy and energy demands of the Nigerians”.

“Before that, for about 25 or 30 years, not a single power plant was built in the country. Which means that while the population was increasing and the economy was getting bigger, there was no value addition in terms of building increased power production,” he said.

“For a period of 20 years, not one single engineer was recruited into a sector that is largely an engineering sector. In fact even those who climbed poles had all aged.”

He also spoke about the privatisation plan of fomer President Olusegun Obasanjo which was probed by the national assembly under the administration of late Umaru Musa Yar’Adua.

“When president Yar’Adua unfortunately passed on, Jonathan came in and ordered the immediate resumption of the NIPP projects,” Igali said.

“By the time he (Jonathan) was leaving in 2015, out of the ten power plants whose construction had stopped totally, were almost completed.

“In addition, they started a new power plant 215MW in Kaduna, which was about 80 percent completed; the Zungeru power plant conceived by the late Sardauna of Sokoto, Ahmadu Bello which was also initiated by Jonathan and 40 per cent completed by the time he was leaving office.

“The Gurara dam of 30MW was completed and the transmission lines had gotten up to Mando to target the industrial sector in Kaduna and the Kashimbilla dam which was conceived by president Obasanjo as an ecological project but redesigned to generate about 40MW of power targeting Benue and Taraba states.”

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