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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

Osinbajo: Reported orders to seek approvals for agencies under him, false and misleading

Vice President Prof Osinbajo

Vice President Prof Yemi Osinbajo, has reacted to reports making the rounds that he did not follow due process in supervision of agencies under him.

He described the report as false and misleading.
He was reacting to report that Buhari had directed him to seek approvals for agencies under him

This was contained in statement to DAILY POST on Tuesday by Laolu Akande, the Senior Special Assistant to the President on Media and Publicity (Office of the Vice President)

The statement added, “Our attention has been drawn to a sensational report by The Cable published on September 17, 2019, which claims that His Excellency, President Muhammadu Buhari, has directed Vice President Yemi Osinbajo, SAN, to seek approvals for agencies under him.

“The report suggests, falsely, that agencies under the supervision of the Vice President do not normally comply with established rules where presidential approvals are required.

“This is obviously misleading and aims only to plant seeds of discord in the Presidency, while attempting to create unnecessary national hysteria.

“The agencies in question are established by law and the Vice President has always insisted on due compliance with the enabling statutes and other established regulations.

“Depending on the particular scope of activity in question, agencies may require management approval only, at the level of the Director-General or Chief Executive Officer. In this category falls the great majority of their day-to-day activities.

“However, other activities, or procurements, with value exceeding a certain threshold, require Board approval. These may get to the agency Board chaired by the Vice President.

“In a few cases where Presidential approval is required, the Director-General must seek such approval from the President, through the Vice President. These rules have always guided the activities of statutory agencies and the ones under the Vice President’s supervision have always been so guided.

“To claim that in the first term of the Buhari administration, agencies of government have not been complying with the provisions (of getting final approvals from the President) is false, and the attempt to suggest the Vice President’s complicity in such irregularities is simply mischievous and reprehensible.

“The effective and mutually respecting relationship between the President and the Vice President is well known to Nigerians and it is futile to insinuate otherwise.

“Even though the Vice President has a statutory role as Board Chairman of some government agencies under his office, with appropriate approval limits, which often do not include contract approvals; it is ludicrous to even insinuate that a Board Chairman approves contracts.

“Evidently, the Federal Executive Council, which oversees Federal Ministries and agencies of government, is chaired by the President, and it is in its purview to approve or ratify award of contracts within the prescribed threshold.

“The Vice President remains committed to the service of his fatherland and will continue to do so despite the purveyors of fake news. We urge media organizations, as gatekeepers, to uphold truth, balance, fairness and objectivity in their reports.”

Source: Daily Post News

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