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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

Buhari administration presented only 11 bills in 4 years, says Saraki

Nigerian Senate President Bukola Saraki Monday revealed that President Muhammadu Buhari presented only eleven bills to the National Assembly since May 2015 when he was sworn in.

The eleven bills are apart from the statutory budgets related bills.

“In the four years of the Buhari administration, it has only forwarded 11 bills to the Senate,” Yusuph Olaniyonu Special Adviser, Media and Publicity to Senate President said in a statement.

Saraki was reacting to the allegations of the national leader of the ruling All Progressives Congress Ahmed Tinubu.

Tinubu on Sunday alleged that Saraki-led National Assembly was corrupt and antagonistic to the presidency.


Tinubu, in a statement released by his media office on Sunday evening, claimed both Saraki and the speaker of the House of Representatives “stymied APC legislative initiatives while attempting to hoist noxious reactionary and self-interested legislation on the nation.”

Of the eleven bills presented by the president, only two, the Mutual Assistance in Criminal Matters Bill and the National Minimum Wage Bill, have been passed.

“One of the bills, the Money Laundering Prevention and Prohibition Act (amendment) Bill was withdrawn by the executive following the disagreement between the Attorney General and the Chairman of the Economic and Financial Crimes Commission (EFCC),” Saraki said.

“Also, another one, the National Water Resources Bill was rejected because it infringed on the rights of states to develop their water resources.”

The remaining seven which are the National Centre for Disease Control and Prevention Establishment Bill, Federal Institute of Industrial Research for the Development of Micro, Small and Large Industries Bills, the Suppression of Piracy Bill, Communications Service Tax Bill, 2015; Federal Institute of Industrial Research Bill, 2017; Raw Materials Research and Development Council (Repeal and Re-enactment Bill 2018; Nigeria Natural Medicine Development Agency (Establishment etc) Bill, 2018 — are at various stages of passage.”

The Senate president, who lost his re-election bid in February, said his tenure “has passed 282 bills (the highest any Senate had passed is 129 bills recorded by the 5th Senate)” since the inauguration of the eighth assembly in June 2015

(Nigerian Guardian News)

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