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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...
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El-Rufai Signs 2020 Budget Into Law, Swears In Three New Commissioners







The Kaduna State Governor, Nasir El-Rufai, has signed the 2020 budget of N259.25 into law, with a promise to consolidate on ongoing projects across the state.

The State deputy governor, Hadiza Balarabe had on October the 15, submitted the draft budget estimate of N257.9 billion to the House of Assembly for approval.

However, after weeks of deliberation, the lawmakers increased the budget proposal to N259.25 billion.

While signing the Appropriation Bill into law at the Sir Kashim Ibrahim Government House, Kaduna, the governor noted that N184.1 billion out of the entire budget is for capital expenditure while the sum of N75,145,220,027.38 is allocated to recurrent expenditure.

According to the governor, the largest chunk of N75.bn of the budget will be spent on the social sector, comprising education, health and social development, in line with his administration’s governance agenda of building human capital and promoting equal opportunity.

Meanwhile, the governor also swore in three new commissioners including two women for the ministries of health, agriculture and fiscal commission, as well as eight permanent secretaries.

He charged them to work harder and contribute their quota in the development of Kaduna State.

The governor also reminded them that they were appointed based on their competency and integrity and must, therefore, live up to expectations.

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Location: Lagos, Nigeria

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