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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

Strike looms as NLC Insists On Nationwide Protest Over Fuel, Electricity Price Hike

 



A file photo of NLC President, Ayuba Wabba

The Nigeria Labour Congress on Tuesday insisted that it will organise workers across the country to protest the increase in fuel and electricity prices on September 28.

Speaking in Abuja at a press briefing, NLC President, Ayuba Wabba said the protest action was inevitable since the federal government has refused to reverse the increase in electricity and fuel prices.

According to Wabba, the “privatisation of the electricity sub-sector, seven years down the line, have not yielded any positive report.

“Whereas the entire privatisation process, the entire sector was sold at about N400 billion. We are also surprised that government, within the last four years, injected N1.5 trillion over and above the amount that was used to sell these very important assets.

“And therefore NEC came to the conclusion that the entire privatisation process has failed and the electricity hike is actually a process of continued exploitation of Nigerians.”

He noted that the increase in the price of Premium Motor Spirit (PMS), popularly known as petrol, will make life harder for the average Nigerian.

“On the issue of the refineries and also the increase in the pump price of PMS, these have further eroded the gains of N30,000 minimum wage,” he said.

“In the light of all of these, NEC decided to endorse the two-week ultimatum given to the federal government to try to reverse those obnoxious decisions. And also pronounce that the action proposed by the Central Working Committee is hereby endorsed by the NEC that 28 of September will be a date that those actions will be challenged by Nigerian workers, our civil society allies and also other labour centres.”


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