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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 exposes Nigerians behind insecurity


President Muhammadu Buhari delivering his Democracy Day Address during the 2019 Democracy Day celebration in Abuja on Wednesday

President Muhammadu Buhari has said most instances of inter-communal and inter-religious strife and violence were and are still being sponsored or incited by ethnic, political or religious leaders.

The President who stated this in his Democracy Day address on Wednesday in Abuja said that the leaders were hoping to benefit by “exploiting our divisions and fault lines, thereby weakening our country.”

He noted that in spite of activities of the saboteurs, his government had remained focused in fulfilling the campaign promises in the areas of security, economy and fighting corruption.

“When I took the oath of office on May 29, 2015, insecurity reigned.

“Apart from occupying 18 Local Government Areas (LGAs) in the Northeast, Boko Haram can at will attack any city including the Federal Capital Territory, can threaten any institution including bombing the United Nations building and Police Headquarters in Abuja.

“Admittedly, some of the challenges still remain in kidnappings and banditry in some rural areas. `

“The great difference between 2015 and today is that we are meeting these challenges with much greater support to the security forces in terms of money, equipment and improved local intelligence.

“We are meeting these challenges with superior strategy, firepower and resolve,’’ he said.

The president reiterated the greatness of Nigeria in the comity of nations and the need for every citizen to work towards reclaiming the glory.

“Our country Nigeria is a great country. According to United Nations estimates, our population will rise to 411 million by 2050, making us the third most populous nation on earth behind only China and India.

“We have water, arable land, forests, oil and gas and vast quantities of solid minerals. We are blessed with an equable climate.

“However, the bulk of our real wealth lies in agriculture, livestock, forestry and mining. We possess all the ingredients of a major economic power on the world stage.

“What we require is the will to get our acts together. And our strength is in our people – our youth, our culture, our resilience, our ability to succeed despite the odds.

“A huge responsibility, therefore, rests on this and succeeding administrations to develop, harness and fulfil our enormous potentials into a force to be reckoned with globally,” the president said.

On the nation’s military strength, the president said Nigeria had contributed to UN peace-keeping responsibilities all over the world.

He said that Nigeria helped to stabilise Liberia, Sierra Leone, Ivory Coast and recently prevented the Gambia from degenerating into anarchy.

“Without Nigerian influence and resources, the liberation of Angola, Mozambique, Namibia, Zimbabwe and ultimately South Africa would have come at a greater cost.

“This fact has been attested to by none other than the late Nelson Mandela himself.

“Elsewhere, Nigeria is the big brother to our neighbours. We are the shock-absorber of the West African sub-region, the bulwark of ECOWAS and Lake Chad Basin Commission.

“We can, therefore, be proud to be Nigerians. We must continue to be good neighbours and good global citizens,’’ he said.

The News Agency of Nigeria (NAN) reports the event was attended by some African leaders.

(Tribune Online News)

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