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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

LAUTECH Students Shut Down School Main Gate Over Hike In Fees (Photos)

Many students of the Ladoke Akintola University of Technology have gone on rampage over the hike in their tuition fees.

LAUTECH students burn tires to protest hike in fees
According to a report by Premium Times, the students of Ladoke Akintola University of Technology (LAUTECH) have shut down the institution’s main campus in Ogbomoso and also its medical school in Osogbo over an increment in their tuition fees.
 
It had been earlier reported how the institution at its 133rd governing council meeting which held on Thursday, July 5 decided that the hike will take effect from the 2018 / 2019 academic session.
 
The present 100 level students paid N120,000 for indigenes of Oyo and Ogun states and N150,000 for non-indigenes as part of the resolution of the institution after the university strike that lasted for months.
 
However, on Monday, the institution implemented its decision in a mail sent to all students. It said indigenes are now to pay N200,000 while non-indigenes are to pay N250,000 for the new session which will commence on October 29.
 
The new fees are against the initial N63,500 for indigenes and N72,500 for non-indigenes who are returning students.
 
The spokesman of the university, Lekan Fadeyi, has since then refused to answer calls and text messages sent to his line on this development.
 
However, as early as 6:30 a.m. on Tuesday, Premium Times gathered that the students locked the institution’s campus gates in Osogbo and Ogbomoso and are now protesting with the hashtag, #OccupyLautech.
 
The closure has disrupted the flow of vehicles and also grounded day to day activities in the school.
 
The Students’ Union President, Abiodun Oluwaseun, who spoke with Premium Times in a telephone interview threatened that they will not vacate the gate unless the school reverses its decision.
 
“We have shut down main road in front of college of health sciences and also the school main gate. No retreat, no surrender. We have to fight this and make sure that irregularities does not reign,” he said.
 
Another student leader, Fawole Isreal, who is coordinating the protest in Osogbo told our correspondent that the authorities have erred by increasing the fees.
 
“During the preparation for Osun State election, the Chancellor of the varsity, Tinubu was boasting how only him is richer than Osun State. The same Tinubu has left LAUTECH to ruins by keeping mum and not showing remorse as a father on the situation of things. That is being irresponsible.”
 
Other students who reacted to the development also tagged the implementation of the decision by the university management as irresponsible.
 
“We can’t afford the money (fees). When workers are still fighting for minimum wage, the institution came up with hike,” a student, Aarinola Adegbite, said.
 
Another student, Kazeem Alli, told Premium Times that the university “is calling for another strike” by the increase.


(Tori.ng News)

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