fbpx
Connect with us

News

Dangote, NNPC Spat: Shareholders Condemn Demarketing of Dangote Refinery

Published

on

 

Shareholders have strongly defended Africa’s foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery & Petrochemicals.

The shareholders under the aegis of Pragmatic Shareholders Association of Nigeria (PSAN) in a statement signed by its National Coordinator, Mrs. Bisi Bakare, expressed dismay over the recent allegations from the petroleum regulatory agency regarding the quality of diesel produced by Dangote Petroleum Refinery.

 Dangote has ensured that the bulk of his business investments are local, contributing significantly to economic development through tax payments, extensive job creation, and consistent returns for shareholders,” she added.

The shareholders group strongly condemned what they termed as “unwarranted efforts to demarket the refinery” by regulatory bodies. They cautioned that such actions could deter both local and international investors and undermine government efforts to stabilise fuel prices and ensure availability.

We must rally around Dangote Refinery,” Mrs. Bakare urged, “to provide crucial support such as crude oil allocation, cooperation from international oil companies, and regulatory agency collaboration.” She stressed the refinery’s potential to save Nigeria over 30% in foreign exchange currently spent on offshore refining, which could significantly alleviate the country’s foreign exchange challenges.

“As shareholders,” Mrs. Bakare affirmed, “we remain steadfast in our support of Alhaji Aliko Dangote’s vision to bolster the nation’s economy and create more opportunities for our citizens.”

PSAN is the latest to join the growing list of Nigerians rallying support for Dangote in the ongoing standoff. Prominent figures and associations such as the President of the African Development Bank Group (AfDB), Akinwumi Adesina; billionaire businessman, Femi Otedola; federal lawmakers; former Vice President and 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar; former Anambra state governor and 2023 Labour Party presidential candidate, Peter Obi; Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA); and the Manufacturers Association of Nigeria have all voiced their support for Dangote Refinery.

#

News

Gov. Yusuf accuses opposition parties of fueling political crisis in Kano metropolis

Published

on

Governor Abba Kabir Yusuf

 

 

Governor Abba Kabir Yusuf has accused actors in the opposition parties of fueling civic unrest and political instability in Kano.

Governor Yusuf pointed the accusing fingers while briefing journalists during the State Executive Council Meeting Wednesday, vowed to deploy drastic measures necessary to nip the resurgence of thuggery in the bud.

The Governor’s reaction follows the recent bloody crisis between some suspected political thugs who unleashed terror on another gang of politicians.

In a statement by Spokesperson of the Governor, Sanusi Bature Dawakin-Tofa, Governor Yusuf revealed that intelligence brief abreast with after the state security council held Tuesday clearly exposed the atrocities of those sponsoring unrest in Kano.

According to the statement, the Governor posited the elements in the opposition, who are not comfortable with the steady development, peace and stability in the state, embedded to provoke needless crisis.

#

Gov. Yusuf however reassured determination of his administration to confront the challenges with equal force, insisted government would not henceforth, tolerate attempt by any elements to frustrate the enduring peace and tranquility in the state.

In the release, Governor Yusuf assured the resolution of the government to work with all the security agencies in the state to checkmate the excesses of the criminal minded elements being sponsored to cause problem.

Governor Yusuf will soon reopen the state own Reformatory Centre, at Kiru local government area as part of measures to rehabilitate and control drug abuse in the state.

During the Wednesday council meeting, the Governor also brief plans to inaugurate the newly constituted 46 of Shura Consultative Council compose of renowned Islamic Scholars, members of the academia, and other stakeholders.

To check unemployment, the Governor is determined to roll massive youth empowerment initiatives in the coming year to ensure that a significant per cent of the youth become self’relient.

 

Continue Reading

News

President Tinubu Arrives In Lagos Ahead Of Christmas Holiday

Published

on

 

President Bola Tinubu has arrived in Lagos from Abuja ahead of the Christmas celebrations.

The President was received at the airport by the Governor of Lagos State, Mr. Babajide Sanwo-Olu, along with other state officials.

He is expected to proceed to his private residence in the state.

His arrival follows the presentation of the 2025 budget to a joint session of the National Assembly on Wednesday.

He described it as the “Budget of Restoration: Securing Peace, Rebuilding Prosperity.” The proposal, he explained, is aimed at stabilizing the economy, fostering an equitable business environment, and promoting inclusive growth.

#

Continue Reading

News

Kano Approves 1st Term Vacation Date

Published

on

 

Kano State Government has approved Friday 20th and Saturday 21st Dec. 2024 as the date for the commencement of 1st term vacation to all Day and Boarding Public/Private Primary and Post Primary Schools in the state.

Therefore, Parents/ Guardians of Pupils and Students in the Boarding schools are to convey their wards home by the early hours of Saturday 21st Dec. 2024.

A statement by the Director Public Enlightenment of the State Ministry of Education Balarabe Abdullahi Kiru explained that Boarding Schools Pupils and Students are to resume back to their respective Schools on Sunday 5th January 2025 while the Day Students are to resume on Monday 6th January 2025.

The statement however quoted the Commissioner of the Ministry Dr. Ali Haruna Makoda urging Parents/Guardians of Pupils and Students of the schools to ensure total compliance with resumption dates.

The statement further warned that appropriate Disciplinary Action would be taken against defaulting Students

#

It appreciated the cooperation and support given to the ministry and wished the Students and Pupils successful and hitch free holiday.

 

Continue Reading

Trending