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Hurray:
Hope rises in Nigeria as Dangote Refinery begins petrol distribution, price stability

There is a general atmosphere of expectation, hope and excitement in Nigeria, as Dangote Refinery begins distribution of gasoline in the country.

This comes after a deal between the Refinery’s management and NNPC Limited. The deal promised steady and uninterrupted supply of petroleum products from Sunday, September 15, 2024.

A Nigerian presidential committee had earlier announced that NNPC Limited will distribute gasoline from Dangote Refinery to the local market which would end the deadlock that had stalled distribution.

With the new agreement, Dangote’s diesel will now be sold to local fuel traders in Naira with NNPC having exclusive rights to lift gasoline and sell locally both in bulk to fuel traders and at its gas stations for now.

NNPC Limited will begin to lift Premium Motor Spirit (PMS) also known as Petrol from Sunday, September 15, 2024, from Dangote Refinery. NNPC will sell to marketers at N765. For a start, Dangote Refinery will supply 25 million liters of petrol daily while NNPCL will import the remaining 15 million liters. However, by the end of October this year, Dangote’s supply will rise to 35 million liters per day while NNPC importation will reduce to 5 million liters. This would lead to total end of importation within the shortest time possible, especially as we wait the commencement of production by Port Harcourt and Refineries which would eventually lead to reduction in price of petrol and other petroleum products.

On Friday, September 14, NNPC Limited said it had deployed 300 trucks to Dangote Refinery in readiness for fuel distribution scheduled to begin on Sunday, September 15, 2024.

Dangote Refinery is owned by Alhaji Aliko Dangote, a Nigerian businessman who is Africa’s richest man as well as the richest black person on earth.

The 20 billion Dollars edifice is recognized as the largest single-train refinery in the world with a capacity of 650,000 barrels per day. It has the capacity to load 2,900 trucks a day at its truck-loading gantries and produces diesel, aviation fuel and other products.

Apart from the Refinery, Dangote, is the President and Chief Executive Officer of Dangote Group, the largest industrial conglomerate in West Africa and one of the top three in Africa with over 50,000 Nigerians and other nationals in its employment payroll.

With over 18 subsidiary companies, Dangote Group is involved in diverse businesses, including transportation, fisheries, textile, flour milling, salt processing, fertilizer production, rice, sugar refining, construction, haulage, cement production and others.

The PMS and other products from Dangote refinery are said to be of very high standards and among the global best in terms of quality.

This has also been buttressed by Dangote Industries Limited (DIL) which assured that its refined diesel is 80% superior to those currently imported into Nigeria.

The company’s spokesperson, Anthony Chiejina, stated this in a statement, adding that the refinery is designed to produce top-quality petroleum products that meet strict international standards.

Nigeria, Africa’s most populous nation, has endured decades of energy crisis that crippled all the administrations that have governed the nation for the past forty years. Petrol scarcity and pricing in particular, have combined to scandalize and mess up all Nigerian leaders, especially from 1999 to date.

The problem reached its peak with the administration of incumbent President Bola Tinubu, who removed subsidy on the critical commodity on the day he was sworn in, thereby triggering a wave of economic hardships, occasioned by astronomical rise in prices of essential commodities across the country.

However, President Tinubu has consistently assured the nation that the policy direction of his administration, including the removal of petroleum subsidy, were inevitable. He said that the decisions, though tough, are inevitable, if Nigeria was to experience economic recovery, growth and prosperity.

While Nigerians express happiness and wait with expectations for the benefits that would arise from it, Alhaji Dangote himself has given credit to President Bola Tinubu and his administration for the successful completion and take off of the Refinery.

He said in a statement that Tinubu played a big role in overcoming obstacles and expediting the project’s completion.

“This is a big day for Nigeria. We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. This is a game changer for our country, and I am very fulfilled with the actualisation of this project,” Dangote said.

It is on that note that we at “The Beauties of Nigeria TV” join all well-meaning Nigerians and the global community, in congratulating Alhaji Aliko Dangote and the management of Dangote Group for what we see as history’s greatest landmark achievement by one man in Africa.

We also commend President Bola Tinubu for providing the enabling business environment and the presidential weight behind the various deals that led to this great moment in our nation’s history.

Please, join us in Abuja on November 19, 2024, as we honour Dangote, a few other citizens who have distinguished themselves in the service of our dear nation, some agencies and other corporate organisations with the NIGERIA’S PRIDE AWARDS. While Alhaji Aliko Dangote would be honoured as Africa’s Brightest Shining Star of the Century,’ Dangote Group will receive the ‘Chief Cornerstone of Businesses in Africa” award.

For more information on the Awards, contact Bonaventure Phillips Melah, Author of THE BEAUTIES OF NIGERIA; Publisher, African Leadership Scorecard Magazine and Founder, The Beauties of Nigeria TV. Call 08036062975.

 

I am Omotola Oloyede, for BEUATIES OF NIGERIA TV

 

 

 

 

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Zamfara Gov Dauda Lawal accuses predecessor Matawalle of complicity in banditry, fund mismanagement

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The Governor of Zamfara State, Dauda Lawal, has alleged that his predecessor, Bello Matawalle, was fully involved in banditry issues plaguing the state.

He made the allegation while speaking on a TVC politics programme on Wednesday night and claimed that, based on information at his disposal, his predecessor led a government that was complicit with bandits.

Lawal also accused the previous administration, headed by Bello who is now the Minister of State for Defence, of misappropriating state funds and handling insecurity with leniency.

“Yes, there were a lot of issues in the past with my predecessor. In fact, let me state this very categorically: if I were him (Matawalle), I would resign and face all the allegations against me, which would have been more honourable. From all the information we are receiving, my predecessor (Matawalle) was fully involved in some of these banditry issues,” Lawal stated.

Justifying his claim that his predecessor was implicated in the banditry, he recounted how a permanent secretary under Matawalle’s administration paid ransom through the Government House to secure the release of his children, who had been abducted by bandits.

The governor said, “A typical example is the permanent secretary whose children were abducted, and it was unfortunate that he had to pay ransom through the Government House. It was also very clear, based on all the allegations, that bandits were being sheltered at the Government House. And there were many other issues.”
He added that, if he were Matawalle, he would have resigned to clear his name of all allegations.

“So, for me, honestly, if I were him, I would step aside and face these allegations until my name is cleared, before returning to continue my job. How can you imagine such allegations against him, and yet he remains the Minister of Defence? I mean, that is unfair. This man could have been honourable, stepped aside, faced the allegations, cleared his name, and then come back to continue his job,” Lawal stated.

He added that his predecessor’s file was before the Economic and Financial Crimes Commission and expressed surprise that the same person had been cleared by lawmakers and security agencies for the post of minister.

“In May 2023, there was an allegation of misappropriating over ₦70 billion, and when we took over, we realised that ₦70 billion was a small fraction compared to the rot on the ground. All this information was before the EFCC, and I wondered how this man was cleared by the security agencies before being confirmed as a minister. If I were him, I would face the EFCC and say, ‘Look, let me clear my name.’

“This is a man with 41 children, and for goodness’ sake, what kind of legacy is he going to leave for his children when he is being accused of misappropriating such a large sum? He should have come forward, faced the EFCC, and cleared his name.

“But we are still waiting to hear from the EFCC, and the case has been ongoing for over a year now. Meanwhile, this is the people’s money we are talking about. We need this money in Zamfara with all the challenges we are facing, including financial constraints. At the very least, let’s recover some of this money for Zamfara so that we can work for the people of the state,” Lawal concluded.

 

 

 

 

 

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Iran’s Ambassador loses eye in deadly pager attacks

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Mojtaba Amani, Iran’s ambassador to Lebanon, suffered severe injuries, including the loss of an eye, after a pager exploded in his face during a deadly attack in Lebanon.

Hand-held radios and pagers used by Hezbollah militants detonated across southern Lebanon.

The incident resulted in one of the country’s deadliest days since cross-border clashes with Israel began nearly a year ago.

The attacks killed at least 14 people and wounded hundreds, including mourners at a funeral.

Witnesses reported widespread panic, with ambulances rushing to emergency rooms and people screaming in pain.

The explosions targeted Hezbollah communication devices, sparking fears of further escalation in the region.

Hezbollah has vowed to retaliate against Israel, alleged to be behind the attacks.

The incident has heightened tensions between Israel and Hezbollah, with concerns about a potential regional war.

 

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VP Shettima seeks close collaboration among MDAs, as NCP ratifies BPE’s 2021, 2022 audited financial reports.

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Senator Kashim Shettima, the Vice President of Nigeria, has urged close collaboration among ministries, departments and agencies (MDAs) of government to actualise the agenda of President Bola Ahmed Tinubu across different sectors.

This is coming as the National Council on Privatization (NCP) chaired by the Vice President on Wednesday ratified the 2021 and 2022 audit financial reports of the Bureau of Public Enterprises (BPE).

The Council also approved the progress made so far by the BPE in the implementation of its 2024 work plan aimed at strengthening its operations.

The Council’s approvals were among the decisions taken at the 3rd meeting of the NCP chaired by Vice President Shettima at the Presidential Villa, Abuja.

A statement by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications (Office of the Vice President) which was sent to Nationwide Reports stated that the Council also directed the BPE to further engage with the relevant parties in the resolution of the dispute in the sale of the Sapele II (Ogorode Generation Company Ltd) and the sale of coal blocks belonging to the Nigerian Coal Corporation.

In his remarks during the meeting, the Vice President commended the new management of the BPE for its diligence and renewed vision, urging stakeholders to support the realization of the bureau’s set objectives.

He particularly commended the agency for its close supervision and conclusion of the Zungeru Hydroelectric Power Plant concession, as well as efforts to establish an Independent System Operator.

Senator Shettima further tasked the agency to work with the various committees of the NCP and the Ministry of Justice, and come up with a robust road map to expedite the completion of outstanding transactions, in the interest of the nation.

The Vice President noted that making important decisions in the power sector would be critical to tackling the perennial issues in the country’s energy industry.

Presenting a progress report on the 2024 work plan of the BPE, the Director General, Mr Ayodeji Gbeleyi, reported that the Bureau generated the sum of N93.47 billion in the first and second quarters of the year 2024 from three transactions, representing 35.9% of the expected revenues during the period under review.

The DG highlighted measures adopted by the agency to improve its operations such as the strengthening of concession management capacity, reinvigoration of post-transaction management capacity for effective performance and the deployment of best practices in reform optimization of public enterprises.

Also present at the meeting were Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun; Minister of Agriculture and Food Security, Sen. Abubakar Kyari; Minister of Budget and Economic Planning, Sen. Abubakar Bagudu; Minister of Power, Mr Adebayo Adelabu; Solicitor General of the Federation & Permanent Secretary, Ministry of Justice, Mrs Beatrice Jedy-Agba; Permanent Secretary, Ministry of Communication, Engr Faruk Yabo, and the representative of the CBN Governor among others.

 

 

 

 

 

 

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