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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

Tinubu reacts to Buhari's move to make June 12 Democracy Day

All Progressives Congress, APC, National Leader, Asiwaju Bola Tinubu, has commended President Muhammadu Buhari for taking an important step towards fully recognising June 12 as Democracy Day.

Information Minister, Lai Mohammed had on Monday revealed the decision of the Federal Executive Council to move the second term inauguration ceremonies to June 12 while a low-key ceremony be held on May 29 to comply with constitutional provision which at present sees May 29 as the take-off date for elected office holders.

In a statement on Tuesday released by Tinubu Media Office signed by Tunde Rahman, Asiwaju Tinubu said President Buhari and the Federal Government deserved thanks and commendation.

He said: “President Muhammadu Buhari deserves our thanks and congratulations for taking another important step towards fully recognising June 12 as Democracy Day in our country. The government moved the second term inauguration ceremonies to June 12 while events on May 29 would now be low-key swearing ceremonies in order to comply with the constitutional requirements covering the length of term for elected office-holders.

“By this wise yet visionary decision, the president has scored double: first he has accorded respect to the Constitution, which recognises May 29 as the date to inaugurate new terms of office while at the same time ensuring the country moves on the rightful path to formalising June 12 as new Democracy Day. This decision soundly balances current legal requirements with the quest for political justice.

“For this feat in moving the country in the right direction, President Buhari and the Federal Government deserve commendation.

“June 12 represents an important milestone in the annals of Nigeria’s democratic journey. It was the day Nigerians shunned ethnicity and religion to vote for that leader of their choice in an election adjudged clearly free and fair.

“To complete this process, that the president has started via Executive Order, we hope that the National Assembly act with reasonable dispatch in cooperation with the presidency to assure that the requisite constitutional amendments are enacted to fully establish June 12 as Democracy Day.

“As Nigerians we have a role to play: rededicate ourselves to democracy, peaceful co-existence, togetherness and the hope for a greater future, all of which June 12 represented”.

The process to accord June 12 recognition began last year when President Buhari officially named June 12 as Democracy Day by Executive Order.

The president also recognised the winner of the June 12 election, Bahorun MKO Abiola, as a past president and awarded the highest honour in the line, the GCFR while Abiola’s former running mate, Alhaji Babagana Kingibe, was recognised a former vice president and bestowed with the GCON award.

(Daily Post News Nigeria)

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