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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

AFDB; President Buhari nominates Adesina for re-election

AFDB President Dr. Akinwunmi Adesina

President Muhammadu Buhari has nominated Dr Akinwunmi Adesina for re-election as the President of African Development Bank (AfDB), the News Agency of Nigeria (NAN) reports.

Akinwunmi, while speaking at an event in Lagos on Sunday, appreciated Buhari for nominating him for re-election for a second term as president of the bank.

According to Adesina, “Nigeria has invested so much in me.”

“When asked by former President Goodluck Jonathan to serve as Minister of Agriculture, it was duty calling me to the land of my birth.

“I served Nigeria to the very best of my ability. I thank God that Nigeria’s agriculture sector witnessed a much-needed transformation at the time.

“With the strong support of President Jonathan and the then President elect, Buhari, we campaigned very hard for the position of the President of the African Development Bank.

“It was a Nigeria effort, as all hands were on deck.

“This included our former presidents and heads of state, Gen. Abdulsalami Abubakar, Gen. Yakubu Gowon, Olusegun Obasanjo, former Vice Presidents Atiku Abubakar and Namadi Sambo, and of course my dear indefatigable sister, Dr. Ngozi Okonjo-Iweala, who ran a spirited campaign for me.

“By God’s grace, I was elected President of the African Development Bank on May 28, 2015, exactly 24 hours after my term of office as Minister ended.

“The nation jubilated as I became the first-ever Nigerian to be elected President of the bank since its establishment in 1964.

“Once again, Nigeria gave me air in my lungs.

“At the African Development Bank, we have worked very hard.

“In my four years as President, we have connected 16 million people to electricity, provided 70 million people with improved agricultural technologies to achieve food security.

“We have also given nine million people access to finance from private sector companies, provided 55 million people with access to improved transport, and 31 million people with access to water and sanitation.

“In all, 181 million people have directly benefited from our investments.

“I am proud of all my staff and the Board of Directors whose hard work and relentless support have helped make this happen.

“The African Development Bank has continued to maintain its global AAA rating. Last year, the bank was rated the 4th most transparent institution globally.

“There is still much to do. We have gone some way climbing the steep mountainside of Africa’s development, yet there is still much way to go until we reach the mountaintop.

“Nigeria again is giving me air in my lungs, to keep on climbing.

“I wish to immensely thank and appreciate President Buhari for nominating me for e-election for a second term as President of the African Development Bank and for being such a wonderful champion and supporter of my re-election,’’ Adesina said.

 Source; Daily Post Nigeria

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