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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

‘Boko Haram fighters receive over N1m daily, Nigerian soldiers get N1000

A member of the Presidential Committee on North East Initiative (PCNI), Dr. Sidi Ali Mohammed, yesterday disclosed that Boko Haram fighters receive $3000 (an equivalent of N1, 080,000 daily) as allowance, while Nigerian soldiers get a paltry N1000.

He spoke during the presentation of International Monetary Fund (IMF) Sub-Sahara Africa’s Regional Economic Outlook Report in Abuja.

IMF’s Economist, Siddharth Kothari, stressed that conflicts cause decline in investment, trade and productivity, as well as destruction of physical and human capital.

Mohammed, who is Head, Humanitarian Assistance and Rehabilitation of PCNI, stated that Boko Haram, which started as a movement based on an ideology and whose members were used and dumped by politicians has been hijacked and now operates like a cartel.

His words: “Part of the reason this problem has refused to abate is the abundant natural resources in the Lake Chad region.

“We need to think outside the box. It is now more like a cartel. When you see the type of weapons they use, they are more sophisticated than those our military personnel are using.

“Unfortunately, it is like a guerilla warfare. As we are here discussing, if somebody here is a member of Boko Haram, he will not say anything, but goes out there to strategise and come back.

“It, therefore, means that the conventional ways of fighting warfare will not work here and it calls for strategic thinking outside the box.”

He argued that if amnesty would guarantee cessation of terrorism and bring peace, then the Federal Government and all stakeholders should think about it, adding that youth unemployment needed to be squarely tackled to reduce the number of young men on the streets so that Boko Haram does not recruit them.

“Don’t forget that Boko Haram members are being killed on daily basis, but they are also recruiting on daily basis. They are getting people to recruit because it is lucrative and many young people are unemployed.

“The Nigerian military, for example, gets N1, 000 daily for being in the North East at the war front as their allowance. In the same North East, Boko Haram members receive $3,000 per day as allowance.

“So, it is lucrative and sometimes they even get their money upfront. So, we must do something about the youths from where they recruit,” he added

(Daily Post News Nigeria)

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