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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

BREAKING: Minimum Wage: NLC suspends strike

From Left: Sunday Salako, 1st deputy president TUC, Musa Lawal, Secretary General TUC, Ayuba Wabba, NLC

The Nigerian Labour Congress (NLC) has called off the nationwide industrial action initially scheduled to commence on November 6 to further press for workers’ demand for new national minimum wage.

The President of the NLC, Ayuba Wabba, said this on Monday night in Abuja while addressing journalists at the end of a meeting of the tripartite committee set up by government to negotiate labour’s demand.

Organised labour had threatened to commence nationwide strike on November 6 should government fail to accede to its N30,000 minimum wage demand. The federal government had offered to pay N24,000 while some state governments are even offering less.

But briefing journalists on Monday night, Mr. Wabba said, “The tripartite negotiating committee this evening concluded its assignment. 

Agreement has been reached and also documents have been signed. The report will be submitted to Mr. President tomorrow by 4:15pm.

“Therefore, as organised labour, we want to use this medium to thank all the tripartite partners for their understanding and importantly for concluding this very national assignment.

“And having reached this position, and also the fact that the assignment has been concluded, organised labour also decided that the proposed industrial action is hereby suspended.

“Therefore, we thought this should be communicated appropriately without also any delusion or missing information.

“As the chairperson have said, mutual agreements have been reached and this will be make public tomorrow and we must appreciate the roles that organised private sectors have actually demonstrated and the attitude brought to this process and to members of the tripartite negotiating team.”

The Chairperson, Tripartite Committee, Amma Pepple, corroborated Mr Wabba’s claim, saying her committee had reached a truce and concluded its assignment.

“We are going to present our report to Mr President tomorrow at 4:15pm and he will reveal the figure that we have recommended,” she said.

Meanwhile, the Secretary to the Government of the Federation, Boss Mustapha, commended members of the committee for their time and commitment to the long and tortuous negotiation processes.



“I am confident that government will give expeditious consideration of the report tomorrow by Mr President and very soon the processes will be put in place to truly actualise your recommendations so that the status of our working populace will be enhanced and they would receive appropriate and commensurate payments for the services they offer to our nation and to the different sectors of our economy,” he said.

Government and labour had been at loggerheads over the demand for a new minimum wage. Labour says the minimum wage of N18,000 is paltry and no longer acceptable.
More to come…


(Premium Times News Nigeria)

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