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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

Buhari approves N10bn as COVID-19 pallaitive to the transport sector


Federal Government approves N10 billion to cushion sufferings encountered by road transport workers and operators due to COVID-19 pandemic.



Sen. Gbemisola Saraki

The Federal Government has approved N10 billion to cushion the sufferings encountered by road transport workers and operators as a result of the COVID-19 pandemic.

The Minister of State for Transportation, Sen. Gbemisola Saraki disclosed this in a statement on Wednesday in Abuja after the President, Public Transport Owners of Nigeria Association (PTONA), Isaac Uhunwagho, led the association’s National Executive Committee and Trustees to visit her in Abuja.

She informed the delegation that the fund was domiciled at the Federal Ministry of Trade, Industry and Investment adding that the Ministry of Transportation was currently working on the modalities for its disbursement.

While appreciating the fact that 90 per cent of Nigerians travelled by road, Saraki stated that the Federal government would soon initiate a master plan that would reform the sector.

She therefore solicited the buy-in of all stakeholders in that regard.

On challenges operators faced from State governments and other stakeholders, the Minister gave the assurance that she would discuss the issues through the National Transport Commissioners Forum.

Saraki said she was also working with the Federal Ministry of Works and Housing on the concessionning of some routes which according to her was the best way to go to increase government revenue.

She further, enjoined the group to avoid duplicity and formalise their structures in an organised manner for better engagements, with the ministry and other relevant agencies.

The National President of PTONA, Uhunwagho, stated that their visit was in respect to the challenges being faced by the body.

He appreciate the efforts of the Minister towards ameliorating the challenges PTONA has been facing since the pandemic in February, 2020.

He also commended the cooperation and protection which the Ministry was providing for public transportation in the country.

Uhunwagho said that with this, our future in the ‘one chance’ business is now encouraging.

The PTONA president appealed for COVID-19 financial palliatives for her members to prevent their businesses from folding up.

He said:”PTONA members felt the impact of the lockdown the most as their branded buses could not operate due to the ban on interstate travel.”

According to Uhunwagho, the general motor parks did not comply with the ban as their parks became a safe haven for flouting the ban and they enjoyed black market transportation boom.

He lamented that in spite the fact that PTONA members were major investors in the transportation sector, their companies were the prime target for state and local government authorities who imposed taxes, levies and other ridiculous conditions.

Uhunwagho said these challenges among others necessitated the visit on the Minister and expressed hope that their pleas would be looked into.

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