Skip to main content

Featured post

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...

Nigeria-Benin border partially closed to check smuggling- Buhari


President Muhammadu Buhari has attributed the partial closure of Nigeria’s border with Benin Republic to the massive smuggling activities, especially of rice, taking place on that corridor.

He gave the reason during an audience granted his Beninois counterpart, Patrice Talon, on the margins of the Seventh Tokyo International Conference for African Development (TICAD7), in Yokohama, Japan on Wednesday.

The President, in a statement by the Special Adviser on Media and publicity, Chief Femi Adesina, expressed great concern over the smuggling of rice, stating it threatens the self-sufficiency already attained due to his administration’s agricultural policies.

He said: “Now that our people in the rural areas are going back to their farms and the country has saved huge sums of money which would otherwise have been expended on importing rice using our scarce foreign reserves, we cannot allow smuggling of the product at such alarming proportions to continue.”

The President said the limited closure of the country’s western border was to allow security forces develop a strategy on how to stem the dangerous trend and its wider ramifications.

Responding to the concerns raised by President Talon on the magnitude of suffering caused by the closure, President Buhari said he had taken note and would reconsider reopening in the not too distant future.

He, however, disclosed that a meeting with his counterparts from Benin and Niger Republics would soon be called to determine strict and comprehensive measures to curtail the level of smuggling across their borders.

President Talon had said he called on the Nigerian President as a result of the severe impact the closure of the Nigerian border was having on his people.

President Buhari also received in audience, President Cyril Ramaphosa of South Africa during which issues of common bilateral relations especially, the killings of Nigerians in South Africa, were discussed.

The matter will be further examined during the Nigerian leader’s official visit to Pretoria in October 2019.

The Nation News Nigeria

Comments