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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
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New Minimum Wage: FG gives condition for payment of N30,000 as Senate approves figure

Minister of Budget and National Planning, Senator Udo Udoma, has said that the Federal Government was considering increasing Value Added Tax, to enable it fund the new national minimum wage.

Udoma stated this on Tuesday while appearing before the Senate Committee on Finance.

The Minister also told the panel headed by Senator John Owan-Enoh, that the Technical Advisory Committee on the minimum wage, will submit its report to President Muhammadu Buhari this week.

He said, “The current minimum wage of N18,000 is really too low. It is difficult for workers to manage on that amount.

“The President supported a review, but it is important that as we are revising it, we should be able to fund it.

“It is in the light of this that we would be coming to you (Senate) because there may be the need to make some changes, especially the VAT, in order to fund the minimum wage once it is announced.”

This decision was reached after the upper chamber’s ad-hoc committee on new minimum wage headed by Senator Francis Alimikhena, submitted its report.

(Daily Post News Nigeria)
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