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Breaking:Dangote Refinery Reduces Diesel Price

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Aliko Dangote

Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general.

Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than three times, from an initial N1,700 per litre to the current rate, thus providing much-needed relief to manufacturers and consumers alike.

The latest reduction of N55 per litre for diesel follows the revelation by Development Economist and Public Policy Analyst, Prof. Ken Ife, that the Dangote Petroleum Refinery sacrificed over N10 billion to ensure the availability of petrol at a uniform price across the country during the yuletide period. He also praised the refinery for setting a new benchmark in Nigeria’s energy sector by unlocking vast opportunities for export revenue.

Speaking on the transformative impact of the refinery on Arise TV, Prof. Ife explained that for years, the equalisation fund had been responsible for managing the price differentials and transportation costs involved in distributing petroleum across the country. However, it has been reported that the fund owes marketers over N80 billion, according to the development analyst.

“What has actually happened is that the president has shifted the subsidy burden away from the public purse and onto the private sector. The equalisation fund, which was meant to cover the price differential and transportation costs, plays a crucial role. If petroleum is to be sold across the country at a set price, then transportation costs must be accounted for to ensure this is possible. That’s the purpose of equalisation. However, the equalisation fund is reported to owe around N80 billion to the marketers, and this issue is still under discussion.

“During the Christmas season, which is traditionally the most challenging period, we often face shortages of petroleum, petrol hoarding, and arbitrary price hikes, all of which impact the cost of food. In response, during this last yuletide, the Dangote Group made the decision to absorb the costs. They equalised the price themselves, at a cost of over N10 billion. In doing so, they effectively absorbed the subsidy,” he said.

Prof Ife also said the facility is steering Nigeria away from its traditional focus on Premium Motor Spirit (PMS) towards a diversified range of petroleum-based exports.

He added that with major international players such as BP and Saudi Aramco purchasing refined products from Nigeria, the country is swiftly becoming a key player in the global petroleum market. The analyst expressed confidence that Nigeria is on the path to self-sufficiency in petroleum products, while simultaneously positioning itself as an energy export powerhouse.

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Kano Task Force Committee Launches Mass Operations Against Thuggery, Substance Abuse

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The Kano State Joint Task Force Committee on Peace Restoration and Youth Rehabilitation under the leadership of Dr. Yusuf Ibrahim Kofar Mata, conducted mass operations in Yakasai, Kofar Mata, Zango, Zage, Zanzado, Rimi Market, Shahuchi Park, Kano Line, Sharada, Ja’en, Dan Agundi and neighboring areas.
The Committee PRO, Comrade Ibrahim Abdullahi Waiya, the Hon. Commissioner of the Ministry of Information and Internal Affairs, in a statement on Saturday, said between the 13th and 14th of March, 2025, intelligence-led operations which were conducted at the criminal hideout and black spots resulted in the arrest of fifty-three (53) suspected thugs, drug dealers and recovered three (3) Parcels,
Fifty (50) wraps and other large quantity of dried leaves suspected to be cannabis sativa (Wiwi), two (2) Codeine syrup, two (2) tubes of rubber solution, one (1) gallon of suck and die, one hundred and five (105) pieces of suspected exol tablets, five (5) cutlasses, and two (2) scissors.
Others are two (2) clubs (Gora) and a bulk of suspected charms.
According to the statement, during the operations, the Task Force recovered substantial quantities of cannabis sativa at some notorious drug joint in Zanzado, where a larger quantity of the substance was found.
Additionally, a delivery vehicle and five (5) cattle suspected to belong to an infamous drug dealer, were also seized at this location.
The statement further stated that all the suspects arrested would be charged in court upon completion of the investigation.
The success recorded in the two-day operations indicates a significant step in the ongoing efforts to combat thuggery and substance abuse in Kano State.
“The composition of the committee which brought together combined security agencies and Government functionaries is dedicated to sanitizing the streets of Kano and restoring peace to the communities.
“The Kano State Joint Task Force Committee remains steadfast and resolute in its mission to create a safer, drug-free and peaceful environment for the benefit of all the inhabitants in the State,” the statement added.

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Kano Government Denounces Misrepresentation of Appeal Court Ruling on Emirship Tussle

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The Kano State Government has condemned what it describes as “gross misrepresentations” surrounding the recent Court of Appeal ruling on the ongoing emirship dispute, urging the public to remain law-abiding while the case progresses to the Supreme Court.

In a joint press statement issued by the Attorney General and Commissioner for Justice, Haruna Isa Dederi, and the Commissioner for Information, Ibrahim Waiya, the state government clarified that the appellate court’s ruling did not invalidate its previous decision to repeal the Kano Emirate Council Law of 2019.

“It has become necessary to once again address you and the general public to correct the speculative reports emanating from some quarters, apparently intended to create disharmony among the citizens of Kano,” the statement read.

The government recalled that on January 10, 2025, the Court of Appeal upheld the repeal of the controversial 2019 law, which led to the reversion of the emirship structure to its previous status. However, it noted that Alhaji Aminu Babba Dan’Agundi, who is challenging the repeal, had filed an appeal at the Supreme Court and secured a stay of execution.

“The respected panel of justices heard and granted the application for a stay pending the hearing and determination of the appeal before the Supreme Court. This is a normal and routine judicial procedure to maintain the status quo,” the statement explained.

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The Kano government expressed concern over what it termed misleading headlines and reports suggesting that the Court of Appeal had overturned its own ruling.

“It is worrisome seeing various captions and headlines deliberately intended to mislead the public by misrepresenting the facts. The judiciary, as a sacred institution, must be jealously respected and guarded for the preservation of peace and order in society,” the government asserted.

The officials further clarified that the Court of Appeal had not reversed its January 10 ruling but had only granted a temporary stay of execution pending the Supreme Court’s final decision.

“For the avoidance of doubt, the Court of Appeal that entertained the application of Alhaji Aminu Babba Dan’Agundi did not set aside its own judgment delivered on January 10, 2025. That judgment remains valid and subsisting until the Supreme Court determines the appeal,” the statement emphasized.

The government urged Kano residents to disregard any provocations and continue to uphold peace, assuring them that legal experts were reviewing the court’s ruling to determine the state’s next course of action.

“We call on the general public to resist any provocation and continue to be law-abiding. The Kano State Government has already instructed its lawyers to closely study the outcome to determine the next line of action in accordance with our extant laws,” the statement concluded.

The ongoing legal battle over the emirship structure in Kano has sparked significant political and public interest, with both supporters and opponents closely watching the case as it progresses to the Supreme Court.

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Buhari’s ex-ministers to defect to SDP

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There are strong indications that some former ministers of ex-President Muhammadu Buhari will move en masse to the Social Democratic Party.

A senator in the ninth Assembly, who spoke  on condition of anonymity, said at least 10 former members of the Buhari cabinet were moving to the SDP.

“What they’re waiting for is the finalisation of the party structure in their respective states,” the source said.

There are strong indications that some former ministers of ex-President Muhammadu Buhari will move en masse to the Social Democratic Party.

A senator in the ninth Assembly, who spoke on condition of anonymity, said at least 10 former members of the Buhari cabinet were moving to the SDP.

“What they’re waiting for is the finalisation of the party structure in their respective states,” the source said.

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