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Marketers To Engage Dangote On Fuel Distribution Plan

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3 weeks ago

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Members of the Major Energies Marketers Association of Nigeria plan to consult with the Dangote Petroleum Refinery to gain a clearer understanding of its strategy to begin direct fuel supply to filling stations across the country.

The Executive Secretary of MEMAN, Clement Isong, made this known during a webinar hosted by the association on Thursday.

Isong explained that the marketers also intend to engage the Nigerian Midstream and Downstream Petroleum Regulatory Authority along with other key stakeholders as they work to understand the details of the new distribution model introduced by the Dangote refinery.

“At this point, we are watching the market, trying to understand it. We have read it in the news. We need to understand exactly where it impacts and what it impacts before we can have some clarity as to how far it will go in terms of impact.

“And that requires a lot of discussion; discussion with Dangote himself, discussion with the authorities, discussion with other stakeholders. At some point in time, we shall engage and do what is necessary to protect the market should we have to do so. But for now, we are trying to understand exactly what this initiative is and how it will impact the market.

“It would be irresponsible of us to say anything before being clear as to exactly what it means. We are not clear, for instance, whether it means that there is an equalisation policy, whether it means the same price everywhere in the country, we don’t know. Until we have clarity as to exactly what the initiative is, before we can engage,” he said.

Nonetheless, Isong acknowledged that the refinery’s proposal to use Compressed Natural Gas-powered trucks for fuel distribution is a promising development, although he noted the current limitations in infrastructure.

“CNG is a policy of the government. It’s a policy still in implementation. We do not have enough CNG infrastructure in place. So, a lot of planning has to be done to be able to implement it. Bold companies are companies that will take advantage of available opportunities. So, distribution by CNG trucks is one of the available opportunities, so far as you’re able to make it work for you,” he said.

Addressing concerns over possible market dominance and anti-competitive practices, Isong emphasized the importance of regulatory oversight in distinguishing between innovation and harmful dominance.

“It is a continuous debate, a continuous engagement that we all have to help them to find the balance, the equilibrium, and what is best for the market. But we have consistently asked for deregulation, we’ve consistently asked for open market competition, and we’ve consistently said it would bring innovation. This innovation, that is transportation by CNG, is one that we have identified, and we have encouraged our members to take advantage of,” he added.

On Sunday, Dangote refinery announced it would begin the direct delivery of petroleum products to filling stations and stakeholders nationwide. The initiative is set to launch on August 15 using 4,000 brand new CNG-powered trucks.

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BIG STORY

National Assembly Suspends Plenary Till July 22 To Honour Buhari

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37 minutes ago

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July 14, 2025

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Legislative proceedings in the national assembly have been put on hold to pay respect to Muhammadu Buhari, the former president of Nigeria.

Buhari passed away on Sunday at a London clinic after battling a long-term illness.

The clerk of the national assembly, Kamoru Ogunlana, shared this update through a statement released on Monday.

“I am directed by the president of the senate and the speaker of the house of representatives to inform all members of the national assembly and the general public that all legislative activities are hereby suspended immediately until Tuesday, 22 July, 2025,” the statement reads.

“All members of the national assembly are urged to reschedule their engagements to enable full participation in the burial activities of the late president.”

Leaders of both legislative chambers offered their sympathies to the government and citizens of Nigeria, the administration and residents of Katsina state, as well as the late president’s wives, children, and extended relatives.

“President Muhammadu Buhari will be remembered for his commitment to Nigeria’s unity and his integrity,” the statement notes.

“May Almighty Allah grant his soul eternal rest in Aljannatul Firdaus.”

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BIG STORY

BUHARI: Obasa Mourns, Tasks Nigerians To Celebrate His Life And Legacy

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1 hour ago

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July 14, 2025

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Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa, has expressed his heartfelt condolences on the passing of former President Muhammadu Buhari, GCFR, describing it as a profound loss for both the Buhari family and the entire nation of Nigeria.

In a statement released by his Chief Press Secretary, Dave Agboola, Speaker Obasa reflected on President Buhari’s lifelong dedication and selfless service to the nation both as a military Head of State and as a two-term elected President of Nigeria.

“President Buhari served our nation with a commitment that will be remembered as a significant part of our history.
“His contributions to the development and unity of Nigeria have left an indelible mark on our country,” said Obasa.

As the nation mourns his passing, Speaker Obasa emphasised the importance of celebrating Buhari’s legacy. “While we grieve his loss, we must also honour his contributions and reflect on the values he championed throughout his time in Office,” he added.

The Speaker urged all Nigerians to take a moment to remember the life and work of President Buhari, as the country continues to strive for the ideals he represented. “Let us come together in this time of sorrow, united in our commitment to building the Nigeria he envisioned,” Obasa stated.

“Our thoughts and prayers are with his family and all who were touched by his leadership. May his soul rest in peace.”

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BIG STORY

VP Shettima, Gbajabiamila Depart Abuja To Accompany Buhari’s Body Back To Nigeria [PHOTOS]

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2 hours ago

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July 14, 2025

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Vice President Kashim Shettima, alongside the Chief of Staff to the President, Femi Gbajabiamila, has left Abuja for London to accompany the late former President Muhammadu Buhari’s remains back to Nigeria.

It was earlier reported that Buhari, a two-term President who also once served as a military head of state passed away on Sunday evening.

Reports indicate that the former President died in London, where he had traveled a few weeks ago to receive medical treatment.

Throughout his time in office, Buhari dealt with various health issues, often traveling abroad for extended medical care.

Following his death, President Bola Tinubu instructed Shettima to head to London and bring Buhari’s body back to Nigeria.

Gbajabiamila is also joining Shettima on the trip. Both men were seen boarding the presidential jet on Sunday night in a post shared on X.

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