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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

We can’t meet ASUU’s demand now – FG


The Federal Government, on Monday, said it doesn’t have the financial power to meet the demands of the Academy Staff Union of Universities (ASUU).

The government accused the administration of late President Umaru Yar’Adua, of making bogus promises to the union during a period of oil boom.

ASUU has embarked on an indefinite strike to press home the implement of 2009 agreement with the government and other demands.

Minister of Education, Malam Adamu Adamu, who addressed reporters at the headquarters of the Federal Ministry of Education, explained that the crash in the prices of oil globally had affected the economic fortunes of Nigeria.

This, he explained, had dire consequences on all sectors of the economy, including education.

The minister said: “I must say that this is difficult to reconcile with all the efforts and positive achievements we have been able to make.

“Let me begin by saying that the Issues necessitating this strike dates back to 2009 when the then government of late President Umaru Musa Yar Adua signed an agreement with the ASUU on funding of the federal universities in the country.

“The agreement provided for funding of Universities to the tune of N1.3trillion over a period of six years. It is instructive to know that Nigeria was experiencing the oil boom at that time. It was therefore expected that government will be able to meet the terms of agreement.

“However, international oil prices crashed in subsequent years thereby throwing the country into economic hardship, at the inception of this administration the country’s economic fortunes worsened, nose diving into recession, with dire consequences on all sectors of the economy, including education.

“We exited recession not too long ago, and we are just beginning to recover from the consequences of low oil prices, which are happily beginning to pick up.

“If this trend continues, definitely, the education sector will also improve, in other words, the well-being of the education sector and any other sector of the country’s economy is a function of the international oil prices, this is the stack reality for now which all of us must acknowledge and accept.”

The minister appealed to both parents, ASUU and students to exercise restraint in their response to the education sector.

He said the union should be mindful of the fact that other sector of the economy were competing with similar financial needs.
 

Adamu said: “Against this background I want to appeal to all Nigerian parents, students and in particular women and men of ASUU to continue to exercise restraint in terms of their response to the plight of the education sector.

“We must also be mindful that there are other sectors with similar competing needs, if our universities produce graduates, such graduates must work in other sectors of the economy which must also be supported by government.”

ASUU on Monday embarked on an indefinite strike after its National Executive Council NEC meeting held in Akure, Ondo state, on Sunday.

ASUU’s current strike is hinged on delays in implementing the Memorandum of Understanding (MOU) the government agreed to in 2017, including to compel government to conclude the renegotiation of other agreements also collectively reached in 2009.

National President of ASUU, Prof Biodun Ogunyemi while announcing the commencement of the strike had re-echoed the insincerity of government in meeting their demands.

Ogunyemi had said: “Having waited patiently for action and meaningful negotiation with reasonable men using the principle of collective bargaining that ASUU at its NEC meeting of 3rd and 4th November 2018 at the Federal University of Technology, Akure (FUTA) resolved to resume the nationwide strike action it suspended in September 2017 with immediate effect.

“This strike will be total comprehensive and indefinite. Our members shall withdraw their services until government fully implement all outstanding issues as 
contained in the MOA of 2017, and concludes the renegotiation of the 2009 agreements.

“We have today been subjected to 20 years of continued re-colonization under alleged democracy in which all that the ruling circle have been regrouping among themselves in their various faction they called political parties.”

The ASUU President had also buttressed the necessity of the strike when he said the release of a paltry N20 billion revitalisation fund was despite the fact that the same government released N1.3 trillion to a distressed bank recently.

Ogunyemi has also argued that the government was not interested in public universities as the children of the top politicians and rich men in the society patronised private universities at the detriment of public institutions.

(The Nation News Nigeria)

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