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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

Lagos deploys 550 high-capacity buses on Oshodi-Abule-Egba BRT corridor


Lagos State Governor Babajide Sanwo-Olu yesterday urged the residents to protect public assets from vandalism.

The governor spoke at the handover of Terminal 2 of the Oshodi Transportation Interchange and the 13.68-kilometre Abule-Egba BRT corridor.

He promised that his administration would continue to pursue traffic decongestion initiatives to rid the city of gridlocks.

At exactly 12.30 p.m, Sanwo-Olu was led to the ticketing booth at Terminal 2 of the Oshodi Transportation Interchange (OTI) to buy his ticket.

He paid N5,000 for the historic ride on one of the dedicated high capacity buses from the terminal to Abule-Egba, the terminal point of the project.

Sanwo-Olu described the event as “a major milestone” in the implementation of his administration’s reform agenda in the public transport system.


The governor stressed that the handover of the BRT infrastructure was another promise the government had kept to the residents.

He said: “This transportation asset would create a new travel experience for residents of Alimosho and Oshodi.”

The governor stressed that the project was designed to improve journey time for commuters, thereby scaling up productivity and life expectancy in the state.

“A little over a year ago, we pledged to significantly improve traffic flow and transportation system, which is the very first of our six-point development agenda encapsulated as Project T.H.E.M.E.S. We made the pledge knowing that the people are the main reason we have been entrusted with the management of our commonwealth.

“Today, we are here to formally flag off a very important public transport infrastructure – the Oshodi–Abule Egba BRT corridor – which officially launches the commencement of transport operation along the BRT corridor. We are unveiling 550 high and medium capacity buses, which will be immediately deployed for public use. This event also formally inaugurates our upgraded e-ticketing system in fulfillment of our pledge.

“This project is very significant because of its immense benefits to Lagosians in the different communities it straddles and to visitors to our state. This new BRT corridor will bring great relief to over 60,000 commuters who will use this facility daily.

“Travel time, which is estimated at an average of two hours during peak periods, will be significantly reduced to an average of 30 minutes. This will improve the health of our people, engender a safer environment, and increase the value of socio-economic activities in the state.”

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