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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

Nigerians must endure pains of border closure – Osinbajo

Vice President Prof. Yemi Osinbajo

Nigeria’s Vice President, Yemi Osinbajo on Friday urged Nigerians to endure the high cost of commodities occasioned by closure of the country’s borders.
Osinbajo, who spoke at a town hall meeting as part of activities of the ongoing National Festival for Arts and Culture, holding in Benin, Edo State, said the closure of the borders was to ensure prosperity of farmers in Nigeria.
He explained that part of reasons the borders were closed was to get attention of neighbouring countries to take more seriously the policing of the borders.
He said other prosperous nations did not allow any country bring goods into their domains, but opted to grow what they eat.
The Vice President noted that smuggling discouraged local production and did not allow Nigerian farmers have access to market.
According to him, “Part of the reasons for shutting the border is the smuggling that has been going on. If we continue to allow the Chinese and others to continue to bring in all those things, we will kill farming completely and most of our people will not be employed.
“There may be some pains in order to gain. The countries of the world that are prosperous didn’t allow anybody to bring in anything to their country. They made sure they grow what they eat. I can assure you that very soon you will see a great deal of progress, you will see more of our own commodities coming into the market. If we allow our own people grow these things, our people will prosper. The only way our people can prosper is if we let them use the opportunity that they have such as farming, fishing and others.

Source; PM News

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