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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

LAUTECH: NUC Resolves Ownership Crisis in Favour of Oyo


THE National Universities Commission (NUC) on Friday ended the long running battle between Oyo and Osun states over the joint ownership of the Ladoke Akintola University of Science and Technology (LAUTECH) and the College of Health Sciences , Osogbo.

Under an agreement reached by the two sides, LAUTECH now belongs to Oyo State while the College of Health Sciences is owned in full by Osun State.

A memorandum of agreement (MoA) to this effect was signed yesterday by the governors of the two states -Seyi Makinde (Oyo) and Adegboyega Oyetola (Osun)- in Abuja in the presence of their Attorneys-General.

The MoU guarantees job security for indigenes of either states working in the two institutions and also preserves the rights of all students of both states for all times and purposes.

Executive Secretary of NUC, Abubakar Rasheed, at a meeting with officials of both states in Abuja said the administrative and other costs of LAUTECH would be borne by the Oyo State government.

The executive secretary noted that Osun State,on its part, would bear the financial burden of the College of Health Sciences.

LAUTECH, Ogbomosho was established in 1990 by the old Oyo State government with the main campus located in Ogbomosho, while the teaching hospital was established in Osogbo.

Trouble started when Osun State was carved out of the old Oyo State in 1991, making both states joint owners of the institution.

The joint ownership arrangement was characterised by governance and management challenges, a development that affected the appointment of vice- chancellors to run the affairs of the institution.



The dispute led to irregular payment of staff salaries over the years, as both parties were not taking responsibility.

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