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Again, Dangote crashes diesel, and Aviation fuel prices further to N940, N980 respectively

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Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively.

This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago.

The price change of N940 applies to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above.

Speaking on the new development, the Head of Communication, Mr Anthony Chiejina, explained that the new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria.

“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates.”

He further stated that the partnership will be extended to other major oil marketers. “The essence of this is to ensure that retail buyers do not buy at exorbitant prices.

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“The Dangote Group is committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce this new prices and hope that it would go a long way to cushion the effect of economic challenges in the country.

It would be recalled that the management of Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 Naira per litre barely two weeks ago.

This marks the third major reduction in diesel price in less than three weeks when the product sold at N1,700 to N1,200 and also a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.

Nigerian President Bola Tinubu had also commended Mr Dangote for the initial price reduction, describing it as an “enterprising feat.”

Reacting to the latest development, The Director General of the Manufacturers Association of Nigeria (MAN), Mr. Ajayi Kadiri, said that “The decision of Dangote Refinery to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy.”

He added that “The trickledown effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity.

“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation

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Edo 2024:Ribadu threatens to sue PDP chair over election rigging allegation

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Nuhu Ribadu National Security Adviser

 

The National Security Adviser (NSA) Mallam Nuhu Ribadu has demanded retraction of the false and malicious allegation levelled against him by the Edo State chairman of the Peoples Democratic Party (PDP), Anthony Aziegbemi, that he was plotting to rig the upcoming governorship election in the state.

The party chairman had, in a statement widely circulated on Saturday, accused the federal government of scheming to rig the election. He also alleged that the NSA released $2 million to the candidate of the All Progressives Congress (APC) as part of the plot.

But in a letter addressed to the party chieftain dated September 15, 2024, the NSA demanded retraction of what the “totally false” allegation.

His lawyer, Marian Aigbedion of Charles Musa & Co, said the “malicious and libelous statement has brought our client into public disdain and odium.

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“Your portrayal of our client as a corruption enabler and his office as an appendage of a political party willing to cause chaos in Edo State is entirely false and damaging to his reputation.

“As a renowned career police officer and pioneer Executive Chairman of the Economic and Financial Crimes Commission (EFCC), our client has consistently demonstrated integrity and a commitment to fighting corruption. It is inconceivable that he would be involved in such odious acts.”

Ribadu, therefore, asked Mr Aziegbemi to publicly apologise to him and retract the publication in its entirety.

He also demanded that the retraction statement should be published as “a full-page advertorial in at least five nationwide newspapers, ten reputable and well-read online news sites, seven national and international television stations and ten radio channels with national and international reach”.

The NSA also demanded the payment of N10 billion “as damages for reputational and other injuries.”

The lawyers informed the party chairman that failure to comply with the demands within seven days might compel them to take further steps, which could include legal action to enforce Ribadu’s rights.

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Ja’oji Empowers 484 Youth and Women in Kano, Assures Continued Support to Tinubu

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Jaoji addressing the occassion

 

 

A member of the Governing Council of the Federal College of Education (Technical), Potiskum, Yobe State, Hon. Nasiru Bala Aminu Ja’o’ji, has launched an extensive empowerment program for youth and women, in a significant gesture aimed at alleviating the impact of global economic challenges.

The event held at the Afficent Hall on Sunday, was attended by distinguished guests, beneficiaries.

The program provided financial support and tools to 484 carefully selected beneficiaries.

Four individuals received a cash grant of ₦1,000,000 each, 200 individuals received ₦100,000 each, while 100 people were empowered with ₦50,000 each and another 100 people received ₦20,000 each.

Part of the empowerment materials

Part of the empowerment materials

In addition, 50 women were gifted sewing machines, and 30 others went home with motorbikes.

Speaking at the event, Hon. Ja’oji said the empowerment is not only a token of appreciation, but also a direct response to President Tinubu’s recent call for political appointees to devise strategies to cushion the effects of the global economic downturn.

“Today’s event is a continuation of our appreciation to the people, designed to cushion the effect of the global economic realities, of which Nigeria is a part.”

Hon. Ja’oji highlighted that this initiative is part of his personal effort as a political appointee in President Tinubu’s administration, in line with the All Progressives Congress (APC) manifesto.

Some of the beneficiaries making a display

Some of the beneficiaries making a display

“I assure you that President Tinubu’s administration is putting in place necessary measures to lift Nigerians out of poverty and other related setbacks, and this empowerment program is just the beginning.”

He expressed his deep appreciation to the people who have been supporting him in his political journey, especially during the struggle to establish the administration of President Bola Ahmed Tinubu.

He urged the beneficiaries to make good use of the grants and equipment they received, stating that the program would continue to ensure that more Nigerians benefit from similar opportunities in the future.

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Obasanjo Visits Minna, To Meet IBB, Abdulsalami, Gusau

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Former President Olusegun Obasanjo

 

Former President Olusegun Obasanjo has arrived Minna, the Niger State capital on Sunday evening, and headed straight to the hilltop residence of former Military President Ibrahim Badamasi Babangida (IBB).

Sources hinted that Obasanjo arrived Minna at about 4.15pm aboard a chartered aircraft from Benin City where he had gone to facilitate with the Esama of Benin Kingdom, Chief Gabriel Osawaru Igbinedion, on his 90th birthday.

It was further learnt that, at the residence of General Babangida (rtd), another former Head of State, General Abdulsalami Abubakar (rtd), and former National Security Adviser (NSA), General Aliyu Gusau (rtd), were also waiting for Former President Obasanjo.

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