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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

Federal Roads; Toll Gates to Return, Design concluded Says Fashola

Minister of Works Fashola Babatunde

The Federal Government has concluded designs for the return of toll plazas on Federal roads, Minister of Works and Housing Babatunde Fashola has said.

Fashola disclosed this while briefing State House correspondents after the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari on Wednesday at the Presidential Villa, Abuja.

The minister said that, though the government dismantled toll plazas in the past, there was no law abolishing tolls.

“Let me just clarify this impression about toll gates; there is no reason why we cannot toll; there is no reason.

“There was a policy of government to abolish tolls; to dismantle toll plazas but there is no law that prohibits tolls in Nigeria today.

“We expect to return toll plazas; we have concluded their designs; of what they will look like; what material they will be built with; what new considerations must go into them.

“What we are looking at now and trying to conclude is how the back-end runs and that is important because we want to limit significantly if not totally eliminate cash at the plazas while ensuring that electronic devices that are being used do not impede rapid movement.

“We are also now faced with the need to acquire more land to establish the width of the toll plazas because I believe that we are looking at a 10-lane plaza so that there can be more outlets and then they merge; so we need to acquire more land.’’

He however, said that the expectation that collection of tolls would produce the replacement cost of the road was not accurate.

Fashola said that the traffic toll count that the ministry had done on major highways did not suggest that there was enough vehicular traffic across all routes.

According to him, the two or three heavy routes are Lagos-Ibadan; Abuja-Kano, Abuja-Lokoja.

“In Lagos-Ibadan, the heaviest traffic you will find is between Lagos and Sagamu; about 40, 000 vehicles; after Sagamu heading to Ibadan, it drops to about 20,000.

“So, most of it has gone eastwards going towards Ondo, Ore and by the time you get to Benin, the number significantly drops; it ratchets up again at the confluence where they are heading towards the Niger; so you can see that it is not a static 50,000 all the way.

“ Same thing with Abuja-Kano-Zaria; after Kaduna, the traffic significantly drops; it is about 40,000 there too; after Kaduna, it begin to drop by the time you get to Zaria.

“If you have driven on that road before, by the time you are driving between Zaria and Kaduna, you will notice how thin the recurring number of vehicles you meet is and as you begin to head closer between Kaduna and Abuja, the number of vehicles begins to increase.

“I think it is important to have that at the back of our minds; not all roads have that traffic count,’’ he said.

The minister said that government’s move toward the tolls return was not accidental as it was being deliberate and methodical with what it was doing.

Sources; NTA News

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