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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

NBC trains 16,000 youth entrepreneurs

Nigerian Bottling Company (NBC) says it has trained over 16,000 entrepreneurs in its Youth Empowered Nigeria programme as 500 unemployed youths are trained in business and life’s skills in Calabar.


Public Affairs and Communications Director of NBC, Ekuma Eze who was speaking at a three-day training workshop in Calabar said the company is embarking on this programme because government alone cannot solve the problem of unemployment.

“The issue of unemployment is not what you can leave in the hands of the government alone. It is virtually not possible anywhere in the world for the government to employ every youth.

The duty of government is to create enabling environment for private sector to thrive and when the private sector thrives, they can contribute in many ways than one in addressing some of the societal challenges.”

“We have reached over 16,000 young people with the skills I have mentioned. We are in Calabar in furtherance of that purpose and to support the government to address the issue of unemployment and of course underemployment.

“This is our own modest way of contributing to the Nigerian youths because we believe in them. If the Nigerian youths were given the space and the opportunity their peers outside this country enjoy, they could also be globally competitive.

The idea behind this is bridge the gap in terms of the skills they did not acquire while in school,” he said.

“What we are doing here is called Youth Empowered Nigeria. It is part of our global initiative to empower youths between the ages of 18 and 30. The training started in October, 2017.

Speaking further, he said our educational system has not been fine tuned to take care of current realities in the workplace.

“Unfortunately our educational system has not been fine-tuned  to address the current realities in the workplace. You have a situation where you have vacancies and you bring in a whole number of these young graduates and the skills that are required in the workplace they don’t have it.”

According to him, any group that produces the best bankable business idea would be assisted to incorporate a company and provided with the initial funding they will require to actualise the business idea.

Vanguard News Nigeria

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