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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

Ogbeh: FG to Unlock Economic Potentials in Agriculture Sector



*Seeks joint action to counter threats to food security

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, Tuesday said the ministry is mapping out key constraints in the agricultural value chain — from production to consumption — in order to unlock the full economic potentials in the sector.


But he said effective collaboration was required among government, private sector and development partners to achieve the global target of “zero hunger” by 2030, especially at a period when the impact of climate change had proved devastating on food production and food security worldwide.

He said concerted efforts are needed to fight hunger, extreme poverty and malnutrition.

Speaking at the 2018 World Food Day Walk Sensitisation programme themed: “Our Actions are our Future – A ZeroHunger by the year 2030 is Possible”, he noted however, that the policy regime of the current administration was built around a number of guiding principles including treating agriculture as business; adoption of agriculture as key to long term economic growth and security; food as human right and adoption of value chain approach and prioritising crops, among others

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The minister said some of its policy interventions have started yielding fruits, particularly in the area of rice production.

He said: “It is now evident that we are on the path to becoming self-sufficient in rice production. Indeed, I have no doubt in my mind that Nigeria can be a model for Africa and the world if we join forces and act on evidence.”

Represented by the ministry’s Director, Planning, Policy Coordination and Monitoring Department, Mr. Nasiru Adamu, the minister added that no country can attain food security by depending on food importation.

According to him, agricultural productivity is currently boosted through time provision of fertiliser and other inputs.

“We are also working on the reduction of post-harvest losses and expansion of market access. The policy thrust is now focusing on deepening financial sector engagement with the agribusiness value chains,” he said.



(Thisday News)

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