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Dangote Refinery Will Sell Petrol To Only NNPC, Distribution Starts Sunday — Federal Government

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The Federal Government has confirmed that Dangote Petroleum Refinery will start distributing premium motor spirit (PMS), or petrol, on Sunday.

Finance Minister and Coordinating Minister of the Economy, Wale Edun, made the announcement Friday at a press conference in Abuja.

Represented by Federal Inland Revenue Service (FIRS) Executive Chairman, Zacch Adedeji, Edun stated that all necessary agreements are in place for the loading of the initial petrol batch.

“I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday, September 15,” Edun said.

The minister said the Nigerian National Petroleum Company (NNPC) Limited will supply about 385,000 barrels of crude oil per day (bpd) to the Dangote refinery starting next month.

“From October 1, NNPC Ltd. will commence the supply of about 385,000 bpd of crude oil to the Dangote refinery, to be paid for in naira,” he said.

“In return, the Dangote refinery will supply PMS and diesel of equivalent value to the domestic market, to be paid in naira.”

 

  • ‘Dangote Refinery Will Sell Pms To Only NNPC’

Edun also said the Dangote refinery will sell petrol to only the NNPC, noting that interested marketers would have to buy the product from the national oil firm.

However, the minister said the Dangote refinery can sell diesel to any off-taker.

“Diesel will be sold in naira by the Dangote refinery to any interested off-taker. PMS will only be sold to NNPC, NNPC will then sell to various marketers for now,” he said.

Edun’s statement contradicts NNPC’s claim on September 7 that it does not intend to be the sole distributor of petrol produced by the Dangote refinery.

In addition, the minister said all associated regulatory costs pertaining to the Nigeria Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA) and others would also be paid for in naira.

“We are also setting up a one-stop shop that will coordinate service provision from all regulatory, and security agencies, and other stakeholders to ensure a smooth implementation of this initiative. This will be located in Nigeria Ports Authority (NPA), Lagos,” Edun said.

“The technical committee that worked to flesh out this initiative will transition to an implementation execution and monitoring committee that will be working out of Lagos for the next three to six months.”

 

  • ‘Crude Oil Sale In Naira Will Reduce Cost, Pressure On Local Currency’

Speaking on the approval to sell crude oil to local refineries in naira and purchase petrol from the refiners in the local currency, Edun said the decision would reduce pressure on the local currency.

On July 29, the federal executive council (FEC) approved a proposal by President Bola Tinubu directing the NNPC to sell crude oil to the Dangote refinery and other refineries in naira.

The minister said the move would also eliminate unnecessary transaction costs, and improve the availability of petroleum products in the country.

According to Edun, the implementation committee chaired by him, and the other technical committee had worked intensely with the NNPC and Dangote refinery to fashion out the details of the modalities for the implementation of the approval by the FEC.

Edun thanked Tinubu for championing the initiative and assured the president that he could count on the committee to implement his vision.

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JUST IN: Yahaya Bello Has Honoured EFCC Invitation — Media Office

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Yahaya Bello, the former governor of Kogi, has honored the invitation of the Economic and Financial Crimes Commission (EFCC), according to his media office.

Ohiare Michael, the director of Bello’s media office, stated that Bello “today, honoured the invitation” of the anti-graft agency.

This decision was made “after due consultations with his family, legal team and political allies,” Michael added.

The EFCC had filed charges against Bello for alleged money laundering, breach of trust, and misappropriation of N80.2 billion.

Previously, the commission had declared Bello wanted after several attempts to arrest him were unsuccessful.

On August 20, the Court of Appeal in Abuja ordered Bello to surrender himself for arraignment.

Dele Oyewale, EFCC spokesperson, had said the court’s ruling was a “vindication” of the EFCC’s stance that Bello must face trial.

Bello’s media office said the former governor who has “great respect for the rule of law and constituted authority, had, all the while, only sought the enforcement of his fundamental rights in order to ensure due process”.

“The case has been before a competent court of jurisdiction, and Alhaji Yahaya Bello had been duly represented by his legal team at every hearing,” the statement reads.

“It is important for the former Governor to now honour the invitation of the EFCC to clear his name as he has nothing to hide and nothing to fear.

“The former Governor believes firmly in the efforts of the administration of President Bola Ahmed Tinubu to place Nigeria on the path of sustainable economic development; and supports the fight against corruption in the country.

“It is on record that he was the first Governor of Kogi State to put in place an anti-corruption mechanism to check graft and ensure that the resources of the State work for the people of the State.

“He was accompanied to the EFCC Headquarters by high-profile Nigerians.

“It is our hope that the Commission will be as professional as necessary and respect his fundamental rights as a citizen of the Federal Republic of Nigeria.”

The media office added that details of Bello’s engagement with EFCC operatives will be disclosed later.

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Oyo State Partners With Gender Mobile To Combat Sexual Harassment In Tertiary Institutions

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Oyo State Government has expressed its readiness to partner with the Gender Mobile Initiative to reduce cases of sexual harassment and other vices in State’s Owned Tertiary Institutions through technology.

Commissioner for Education, Science and Technology, Prof. Abdulwaheed Adelabu disclosed this on Thursday at A One—Day Stakeholders’ Meeting with Education Commissioner on Dissemination, Adaptation, and Implementation of Anti-Sexual Harassment Policy in Tertiary Institutions in Oyo State, held at the Polytechnic, Ibadan.

Speaking further at the meeting organized by the Education Ministry and Gender Mobile Initiative, Prof. Adelabu, said the Ministry together with the organization would design a framework that will complement the existing policies of each public tertiary institution in respect to sexual harassment.

He added that the introduction of technology would assist greatly in tracking perpetrators of sexual harassment in the Institutions and activities of individuals on campuses.

The commissioner openned that lecturers are expected to see their students as biological children and treat them in such a manner.

He submitted that sometimes students deliberately harass their lecturers sexually through various means, calling on both to desist from the act.

Prof. Adelabu revealed that the Governor Seyi Makinde administration would support the organization that is ready to work with Government in achieving its desires goals and objectives.

He noted that the Government will not spare anyone caught engaging in sexual harassment and other vices but deal with them accordingly.

The convener, Barrister Omowumi Ogunrotimi, said the organization sees the need to sensitize and educate the people about what constitutes sexual harassment and ways of preventing the menace, particularly among students of tertiary Institutions.

She hinted that about 70% of undergraduates experienced sexual harassment, adding that the Gender Mobile Applications provides a clear reporting channel for victims of sexual harassment to reach the leaderships of concerned Institutions.

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Pope Francis Bestows Papal Honour On Otedola’s Mum For Service, Contribution To Church [PHOTOS]

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Christine Doja Otedola, the mother of Femi Otedola, the Nigerian billionaire businessman, has been given a Papal honor by Pope Francis.

A Papal honor is one of the highest awards in the Catholic church. It is a distinction given by the Pope to people in recognition of their service to the church and society.

On September 14, the title was given to Christine by Alfred Adewale Martins, the Archbishop of the Metropolitan See of Lagos, on behalf of the Pope.

She was honored in the Pro Ecclesia et Pontifice category.

Otedola shared photos from the event on his X page and congratulated his mother on the award.

“Congratulations Mummy – Dame Christine Doja on your award of the Papal honour of Pro Ecclesia et Pontifice by His Holiness Pope Francis. This is a honour well deserved,” he wrote.

Born on April 3, 1932, in Ijebu, Ogun, Christine married the late Michael Agbolade Otedola, a former Governor of Lagos, after six years of courtship. They welcomed six children; Ayokunle, Femi, Rotimi, Tola, Lola, and Olumuyiwa.

The 92-year-old is also blessed with grandchildren and great-grandchildren.

Christine’s dedication to her faith is evident in her multifaceted contributions to the church. She was an active member of Ladies of Lumumba and president of Christian Mothers at St Anthony’s, Gbaja. She remains the vice president at the Catholic Front-liners Society of St Sebastian Cathedral, Ijebu Ode.

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