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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

Border Closure; FG to make rice cheaper, sufficient before Christmas






Kebbi Governor Atiku Bagudu.

By Ismaila Chafe
The National Food Security Council (NFSC), chaired by President Muhammadu Buhari, will make rice available before the Christmas festivity.

The Deputy Chairman of the Council, Gov. Atiku Bagudu of Kebbi, stated this in an interview with News Agency of Nigeria (NAN) in Makkah, Saudi Arabia.

He stated that the Council was aware of the current high prices of rice, assuring Nigerians that rice would be made available at a cheaper rate.

According to the governor, government is also aware of the activities of some individuals and groups bent on frustrating the new rice policy.

“The good news is that there is a lot of production in the country. All the Millers in Nigeria have enough paddy and farmers are producing and the harvest is coming in strong.

“We believe in addition to market forces, there are some people bent on manipulating the situation in order to exploit bigger revenue, bigger profits and some may even be doing so for the wrong reason.

”They want to truncate policy which is helping the Nigerian economy; which is helping Nigerian millers; which is helping the Nigerian farmers and the Nigerian population.

“We are taking steps to ensure that more rice is taken to markets where shortages can easily be created.

“There is enough production in the country and the National Food Security Council is focused on how to ensure that availability is restored all across the country so that prices will come down reflective of the cost of production,’’ he said.

On the reported loss of about N1 billion by Onion farmers in Kebbi State, Bagudu said government would always respond to farmers’ predicaments promptly.

The governor, however, said that the assessment of the total loss by the farmers had not been completed by relevant agencies.

He disclosed that the federal government had approved N23billion for distribution to States affected by flood disaster this year.

“We have always responded to farmers’ issues or any trade group that has a misfortune, both the State and the Federal Government has been very active in helping.

“You may recall that recently, Mr President approved about N23 billion for states affected by flood which Kebbi is one of them, and this is in addition to our own resources that we mobilise to support our farmers.

“This year’s rainy season is unusual, as of last week there was rain and it’s unusual.

”For the onion farmers they have calculated that the rain will stop by September because when onion is growing there is a point at which it does not desire rainfall, now we have rainfall.

“I’m not sure of the N1 billion lost in terms of quantum because we have not done the assessment but we are always willing and ready to support all our producers especially when they are faced with unforeseen circumstances like this,’’ he said.

NAN reports that Bagudu was on the entourage of Buhari’s official visit to Saudi Arabia which ended on Saturday.

Others governors on the president’s entourage included Prof. Babagana Zulum of Borno and Aminu Masari of Katsina.

Source;NAN

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