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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

Documents Show Osinbajo, Fashola Lied About Rise In Power Generation

In February, Babatunde Fashola, Minister of Power, Works and Housing, had claimed that power generation in Nigeria had improved by 100% within the space of three years. In April 2019, Vice President Yemi Osinbajo had also claimed that power generation had improved from 4000mw to 8100mw.


Power generation and supply in the country has plumetted from 4,000 megawatts to 2,039 mw.

In February, Babatunde Fashola, Minister of Power, Works and Housing, had claimed that power generation in Nigeria had improved by 100% within the space of three years.

In April 2019, Vice President Yemi Osinbajo had also claimed that power generation had improved from 4000mw to 8100mw.

However, documents seen by Vanguard from the office of Vice President Yemi Osinbajo state: “On April 23rd, 2019, average power sent out was 87,061.8 MWh/day. The reported gas constraint was 2,039.5 MW.

“The reported line constraint was 0 MW. The reported frequency management constraint due to loss of DISCO feeders was 1,963 MW. The water management constraint was 150 MW. The power sector lost an estimated 2,048, mw due to constraints on this day.”

The situation is compounded because the Nigerian Gas Company (NGC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), was not able to complete the rehabilitation of the Escravos-Lagos Gas Pipeline System.

Consequently, Egbin, Omotosho, Olorunsogo and paras power stations were not able to generate power for transmission and distribution, thus forcing many electricity Distribution Companies (DISCOs) to express their helplessness to consumers.

Corroborating the document, the Transmission Company of Nigeria, TCN, said : “The National Grid is experiencing reduced power generation due mainly to emergency maintenance by NGC of its gas pipeline supplying gas to Egbin, Omotosho, Olorunsogo and Paras Power Stations.

“This was reportedly caused by leakage on the Escravos-Lagos gas pipeline, necessitating the total shutdown of the four power generating plants on 25th April, 2019.”

(Sahara Reporter News)

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