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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...

Food blockade: It is an Embarrassment for the North to Think That They are Doing the South a Favour - Gani-Adams


Aare Onakakanfo of Yorubaland, Gani Adams, has described a threat by some northern traders to block food supply to the South-West as embarrassing and unwarranted.

He said this while addressing journalists on the recent protest of the Amalgamated Food Sellers in the northern part of the country with the blockade of the foods from the area to the South-West.

Adams called on the six governors of southwest states to inject at least 15 per cent of their annual budget into agriculture to provide sustainable food production for the region.

He said investment in agriculture will provide employment, enhance IGR, provide food security, reduce urban congestion, and enlarge the coast for participatory modernised agriculture

The generalissimo told the northern traders that they are not doing the South-West any favour by supplying foodstuff to the region, adding that the southwest consumed more than 8 billion naira foods and protein daily.

He said, “It is embarrassing for the North to threaten our region with an unwarranted blockade that is of no use to us. I have it on good record that the south spends over 8 billion naira daily on cow consumption.

“It is an embarrassment for the north to think that they are doing the south a favour. I also have figures of the several billions we spend daily on perishable products, but the truth is that the blockade that had been suspended now seemed to be a blessing for us because it will trigger an agricultural revolution in the southwest that will definitely change the ugly narratives of the past.

“So, I think it is the responsibility of all the South-west governors to swiftly respond to this threat and seek a better approach to enhance both small and large scale farming across the region and further strengthen the security architecture of the region.”



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