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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

Minister decries high cost of operations in Nigerian ports





Gbemisola Saraki

The Minister of State for Transportation, Gbemisola Saraki, has described Nigerian ports as the most expensive in the West African sub-region.

A statement signed by Mr Eric Ojiekwe, Head, Press and Public Relations of the ministry, quoted the minister as saying that the high cost of port operations in the country was occasioned by duplicity of functions by operators in the ports.

It said that the minister spoke on Monday in Abuja, while receiving members of the Association of Nigerian Licensed Customs Agents (ANLCA).

She said:“ the high cost of operation has made it difficult for Nigeria to compete with other neighbouring countries.

“ Nigeria is supposed to be the biggest player and the cheapest player but, unfortunately, we are not.

“ But I assure you that changes will be witnessed as we will soon be efficient and effective in our operations in the country,” she said.

On Nigeria becoming dumping ground for empty containers which had contributed to the Apapa gridlock, Saraki said the problem was not a hidden one.

She, however, assured Nigerians that the Federal Government, through the ministry, would soon unveil plans that would bring positive changes.

Saraki commended the organisation for their commitment in bringing about changes in port operations.

She also urged them to always avail themselves for robust discussion as that was the only way the ministry could ascertain if policies were working or not.

Earlier, the National President of the association, Mr Iju Nwabunike, had said that the visit was to keep the minister abreast of happenings in the area she superintends.

“If the minister is better informed, it will guide her decision making while discharging her duties,” he said.

The president commended the ministry for ensuring the revival and growth of the Council for Regulation of Freight Forwarding in Nigeria.

He said that the association was in support of the collection of Practioners’ Operating Fees (POF), adding that it would help bring about improvement in the transport chain and the training of their members as professionals.

Nwabunike appealed to the minister to ensure urgent repairs of the port access roads and facilitate automation of transactions at the terminals to minimise human contacts, facilitate trade and guarantee ease of doing business. (NAN)

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