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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

Rrtd Col. Hameed Ali, customs CG says 90% of cars in Nigeria are smuggled

Rrtd Col Hameed Ali, CG Custom

The Comptroller-General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), on Thursday said 90 per cent of cars in the country were smuggled into the country by unscrupulous elements.

Ali, who said this while addressing newsmen in Abuja, alleged that many vehicles on display for sale in auto shops across the country were also smuggled.

He explained that the recent raids of the various car dealers’ spots in some parts of the country were to ascertain whether the vehicles were brought in genuinely or not.

According to him, the country needs revenue for development, hence, it became necessary to collect duties on those smuggled vehicles.

“We want to use this opportunity to ensure that cars within our borders are fully customised, which means duties are paid on them.

” We are looking for revenue from everywhere and we have these people who brought in vehicles and failed to pay duties.

“What we are doing now, we are just enforcing the law, which allows us to collect revenue on behalf of Nigeria and also ensure those vehicles you and I will go and buy have genuine papers that are roadworthy.

“If you meet our officers on the road and they ask for the papers, if they discover you have not paid your duties, they will seize the vehicles.

“We are doing all these to save car buyers from running into trouble,” he explained.

The customs boss said the organisation would continue to mount road block from time to time to stop vehicles to ensure duties were paid on cars.

“The law allows us to stop you and ask for the car papers, if your papers are intact, we thank you and bless you, if it is otherwise, we will ask you to pay the duties

Source; Tribune Online

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