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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

War against Okadas: Lagos installs 2,000 restricted signs on highways, bridges



Sanwo-Olu, okada riders, tricycle rider

In a renewed effort towards creating awareness on Lagos State Traffic Laws on restricted areas for the operation of motorcycles, popularly called okada and tricycles, the Lagos State Government has begun the installation of 2,000 signs prohibiting them from plying restricted routes.

The Commissioner for Transportation, Dr. Frederic Oladeinde, stated that a good number of the road signs indicated areas where tricycles and motorcycles operations were prohibited, warning that any one that violated the law after this effort would be punished in accordance with the dictate of the law.

 PM News  reported that, Oladeinde explained that the road signs which have been mounted on major highways, including the Third Mainland Bridge, Agege Motor Road, Apapa-Oshodi Expressway, Lagos-Badagry Expressway and Lagos-Ibadan Expressway would further create awareness on restricted areas for okadas and tricycles as prescribed by the State Government.

‘’We have successfully placed road signs on the Third Mainland Bridge, Agege Motor Road, Apapa-Oshodi Expressway, Lagos-Badagry Expressway, Lagos-Ibadan Expressway and other places to indicate areas that motorcyclists and tricycles are restricted and we urge that they comply for safety of their lives and members of the public as we will apply the law on any erring okada rider that violates our law’’ the Commissioner warned.

Oladeinde explained further that motorcycle and tricycle operations remained restricted on highways and bridges in all Local Government areas including; Apapa, Ikeja, Ikoyi, Surulere, Eti-Osa and Lagos Island, which according to him would be covered adequately with the signs to ensure that road safety culture is engraved in the consciousness of road users across the state.

The Commissioner urged Lagosians to cooperate with the state government’s initiatives to tackle traffic gridlock in the metropolis as it will provide faster result in decongesting the highways of traffic which in turn will create seamless movement of goods and service that will ultimately improve the state’s economy.

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