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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

Borders closure: Young farmers seek FG, state’s support







Rice farmers



Nigerian Young Farmers Network (NYFN) has urged government at all levels to support youth in businesses to grow the economy following the recent borders closure.

Mr Promise Amahah, the national coordinator made the appeal in an interview with News Agency of Nigeria (NAN) in Abuja on Monday.

NYFN is a network that brings together young people in Nigeria to engage actively in the Agribusiness value chain and value added services, to bring about shared prosperity and sociology-economic growth such as food security and wealth creation.

He explained that there must be a deliberate effort by the government to increase the participation of young Nigerians in farming business through soft loans to boost economy of the country.

He said strategic youth engagement was best option for the country because of its huge population of young people.

The coordinator added that local production was a sure path, but enabling environment must be created by the government and other major stakeholders.

Amahah enjoined the government to do everything possible to fix the power sector to ensure stable power supply across the country to gurantee economic prosperity.

He said attention must also be given to develop critical infrastructures to facilitate production.

He enjoined the government to also engage in alternative energy to fast-track the power stability.

The coordinator commended President Muhammadu Buhari for taking such bold step to address the border issues, saying it was long overdue. 

Source;NAN

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