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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

Estimated Billings: FG Roll Out One Million Free Meters To Electricity Consumers



File photo of electric meters.



The Federal Government says funding has been made to roll out 1,000,000 free meters across the country.

President Muhammadu Buhari disclosed this on Wednesday via his verified Twitter handle.

He noted that electricity distribution companies would distribute the meters under the first phase of the Presidential Mass Metering Initiative.

“Under the first phase of the Presidential Mass Metering Initiative, we are making funding immediately available for DisCos to roll out 1,000,000 Meters in the first phase, at no cost to consumers. Deployment has already started in parts of Kano, Kaduna, Lagos, and Abuja,” he said.

“Future phases of this Metering Initiative will help us fully meet the 6.5 million deficit of meters nationwide and will impact an estimated 30 million consumers.

“All meters under this program will be sourced from local manufacturers and in-country stock, to create jobs.

“We are committed to ending estimated billing in all forms in Nigeria, and ensuring that Nigerians pay only for the electricity they consume.”



We are committed to ending estimated billing in all forms in Nigeria, and ensuring that Nigerians pay only for the electricity they consume.

— Muhammadu Buhari (@MBuhari) November 4, 2020





Under the first phase of the Presidential Mass Metering Initiative, we are making funding immediately available for DisCos to roll out 1,000,000 Meters in the first phase, at no cost to consumers. Deployment has already started in parts of Kano, Kaduna, Lagos and Abuja.

— Muhammadu Buhari (@MBuhari) November 4, 2020

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