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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

Oyo State Govt Orders Employment of 5,000 Youths, Earmarks N500m For MSMEs


Oyo State Governor, Seyi Makinde

The Oyo State government has ordered the employment of 5,000 youths in the state into various government agencies.

The state governor, Seyi Makinde made this announcement on Monday during a stakeholder meeting with traditional rulers, security chiefs, religious leaders, and chairmen of the 68 Local Governments and Local Council Development Areas.

He said the 5,000 youths will be employed across the state Ministries, Departments, and Agencies including OSRMA and OYOWMA.

“I have directed the employment of 5,000 young persons across all government agencies over the next few months.

“We have been talking to Oyo State Road Maintenance Agency (OSRMA), Oyo State Waste Management Authority (OYOWMA), before now. We have been talking to AMOTEKUN. We have to, immediately, wrap some of those recruitments up and put these people off the street. The criteria for employment and the dates for assessment will be announced by the agency authorities,” Makinde said at the meeting.

The sum of N1billion has also been earmarked by the state government as compensation for victims of police brutality and injustice and a Micro, Small, and Medium Enterprises (MSME) scheme, for youths.

The package includes an initial deposit of N500 million for MSMEs and another N500 million as compensation to victims of police brutality and injustice.

“Let me also state that we have set up an initial Five Hundred Million Naira (N500million) Compensation Fund for victims of injustice. So, I encourage everyone who has suffered any form of injustice in the past or as a result of the #EndSARS protests, to please take advantage of the platforms we have provided to log their cases. We have an email service and a direct reporting portal on the Oyo State Government website. A judicial panel for Oyo State will be inaugurated in the next one week to look into cases of injustice.

“We have taken the immediate actions to address some of the issues raised by the youths during the protest: I have directed that a 500 Million Naira MSME fund be set up. This fund will be disbursed to youths who have bright entrepreneurial ideas that will provide further employment and improve the economic landscape in Oyo State,” Makinde added.

Stakeholders at the meeting with the governor include the Olubadan of Ibadanland, Oba Saliu Adetunji Aje Ogungunniso1; Alaafin of Oyo, Oba Lamidi Adeyemi III, and other traditional rulers across the state; the Aare Musulumi of Yorubaland, Kwara and Delta States, Alhaji Alhaji Dawud Makanjuola; the State’s Chairman of the Christian Association of Nigeria (CAN), Apostle Joshua Akinyemi; the Deputy Inspector-General of Police, Leye Oyebade, and Service Commanders in the State.

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