Skip to main content

Featured post

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...
Post a Comment
Read more
Labels

Senate Approves Payment Of N10bn Loan To Kogi State







The Senate has approved the payment of a N10 billion loan to Kogi State.

Chairman of the Senate Committee on Local and Foreign Debts, Clifford Ordia, while presenting his report on the floor of the House on Wednesday said the Kogi State government carried out repairs on seven Federal Government roads in the state.

“The approved sum is in Capital Expenditure which has to do with refund to the State Government for monies spent in the execution of Federal Government Projects in the state,” he said.

Ordia, while reading the report of his committee said necessary findings conducted showed that due process was followed by the Kogi State government in executing the Federal Government projects.

This approval is coming two days to the governorship election in the state.

It, therefore, met resistance by Senators from opposition party. The Senators questioned the timing of the approval of the loan.

Minority Leader Senator Enyinaya Abaribe, who spoke on behalf of the opposition lawmakers asked the Senate to delay the approval until next week noting that the approval appears hasty.

“This is not the right time to approve such loan refund. Exigency of the time suggest that we should delay for one week so that the money would not be used for something else,” Abaribe said.

Senate President Ahmed Lawan disagreed with Abaribe saying the loan request came in the eight assembly and has been delayed enough. He added that the approval of the refund onl

“Kogi State applied for this in the last Senate, all the other states were paid. Kogi was not approved at that time, we as a Senate has seen it as a necessity and it is a coincidence,” he said.

Lawan then subjected the matter to a voice vote and ruled in favour of those who supported its approval despite protests from opposition lawmakers.

President Muhammadu Buhari had earlier in October this year, sent a letter to the Senate, seeking approval for the payment of N10 billion to settle local debts incurred by Kogi State government as a result of the projects executed on behalf of the Federal Government.

Email Post
Labels:
Location: Lagos, Nigeria

Comments

Post a Comment