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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

Ekiti gives BEDC ultimatum to rehabilitate faulty electrical installation









To allow for improved electricity supply and economic prosperity, the Ekiti State Government has expressed discontentment at the slow pace of response by Benin Electricity Distribution Company(BEDC) to replace faulty transformers across the state.

The distribution companies(DISCO) was tasked on the need to fast track action on the rehabilitation of the faulty 33KV along Ilawe-Ikogosi-Aramoko axis of the state.

To this end, the government has given the BEDC up to December 31, 2019 to rehabilitate or overhaul the transformers and 33kv installations found to be operating below the expected capacities, for Ekiti to enjoy uninterrupted power supply.

These were contained in a communique issued after a meeting of the Commissioner of Public Utilities, Hon. Bamidele Faparusi and management of BEDC, led by the State Head , Mrs Kunbi Labiyi , in Ado Ekiti on Thursday.

The communique reads: “The proposed Ilawe-Aramoko and Iworoko-Gbonyin 33KV feeder rehabilitation should be completed by BEDC in December 2019 to improve power supply in the state

“The duo of Gbonyin and Ekiti East Local Government Areas should be encouraged to embrace bulk pre-paid metering to facilitate their reconnections to the national grid.

“Communities whose debt reconciliation of bills had been completed should be submitted to the BEDC such as Ijan, Iro Federal, Ilumoba while the Ekiti State Electricity Board should intensify efforts at encouraging the Aisegba and Agbado communities to work on their debt reconciliation”, it said.

The communique mandated the state government to liaise with the neighbouring Ondo State, to fashion out modalities to resolve the RoW bottleneck of Transmission Company of Nigeria(TCN) in Agbara-Oke.

The BEDC was strongly advised to facilitate the provision of projects captured for Ekiti State under the proposed SIEMENS – FG power Infrastructure Intervention programme in the country.

“Ekiti State should commence internal process against 2020 admission process to Power Academy”.

“BEDC should develop the procedures for replacement of faulty transformers and extension/installation of transformers to new locations and made same available to the ministry and the general public”, it added.

It was agreed that the Ministry of Land and Housing should be involved for verification of new areas to ascertain land use, whether residential or industrial.

“There was the need for the BEDC to organize regular town hall meetings and involve all stakeholders with a view to communicating its procedure of engagement for attending to fault calls and extension of electricity infrastructure to new development areas.

“Both the government and the BEDC needed to revisit debt reconciliation to know the government monthly bill, negotiate same and agreed within 90 days”, the communique stated.

Source; Daily Post

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