Connect with us

News

Breaking:Dangote Refinery Reduces Diesel Price

Published

on

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.

#

News

Mother of Katsina Governor, Hajiya Safara’u Umaru Baribari, Passes Away at 93

Published

on

 

Katsina State is mourning the loss of a revered matriarch, Hajiya Safara’u Umaru Baribari, the cherished mother of the Governor, Dikko Umaru Radda. The announcement of her passing was made with profound grief by the Government of Katsina State.

Hajiya Safara’u, who graced this world for 93 years, passed away last night. Known for her resilience, grace, and a lifetime of wisdom, she was a beacon of strength and inspiration to her family and the community at large. Her life’s journey was marked by her profound impact, not just as a mother but as a nurturer of values and leaders.

Her contributions extended beyond being the mother of Governor Radda. Hajiya Safara’u raised a generation of influential figures, including the Village Head of Radda, Alhaji Kabir Umar Radda, and Hajiya Hauwa Umar Radda, the former wife of the late President Umaru Musa Yar’adua. Her lineage and influence reflect her role as a true Fulani matriarch, embodying values of integrity, perseverance, and an unwavering commitment to community service.

Her passing has left an irreplaceable void, but her legacy endures through the lives she touched and the values she instilled in her children and community members. Hajiya Safara’u’s contributions to fostering community development and her embodiment of cherished principles will continue to inspire generations to come.

The state has announced that the late matriarch will be laid to rest today at 4:00 PM in her hometown, Radda Village, in accordance with Islamic rites. Her burial is expected to be attended by her family, close friends, and well-wishers from across the state, who will gather to pay their final respects.

Expressing condolences, Ibrahim Kaula Muhammad, Chief Press Secretary to the Governor, issued a heartfelt statement: “We offer our deepest condolences and pray that Allah grants Hajiya Safara’u eternal peace in Jannatul Firdaus.” The statement further highlighted her remarkable contributions and the deep sense of loss felt by the Governor, his family, and the entire state.

As the community gathers to bid farewell to this remarkable woman, Hajiya Safara’u will be remembered not only for her role as a mother and matriarch but also as a symbol of wisdom, strength, and service. Her life and legacy will remain a guiding light for those she leaves behind.

#

Continue Reading

News

APC Aspirant Gifts 15 Million Naira To Former Councillors In Fagge

Published

on

 

Hon. Sagir Abba, an aspirant for the Fagge Federal Constituency under the All Progressives Congress (APC) in the upcoming elections, has distributed ₦15 million to former councillors, party elders, youths, and women in Fagge Local Government Area as part of his Ramadan outreach.

During the distribution in Fagge, 1,000 youths received ₦10,000 each, while 50 women from each of the ten political wards—totaling 500 beneficiaries—were given ₦10,000 and a wrapper. Former councillors who served between 2014 and 2021, along with party elders, received ₦30,000 each.

“This gesture is a token of my commitment to bringing the dividends of democracy to the people of Fagge. Ramadan is a time for compassion and sharing, and I am happy to support our youths, women, and elders in this blessed month,” Hon. Sagir Abba said.

Alhaji Musa Danjuma, one of the party elders, said, “Hon. Sagir has once again demonstrated his commitment to the welfare of our people. This assistance will go a long way, especially during Ramadan.”

Aisha Sani, one of the women who received cash and a wrapper, said, “This support means a lot to us. It will help us take care of our families during this holy month.”

The event was attended by community leaders, APC stakeholders, and beneficiaries.

#

Continue Reading

News

Rivers Emergency Portrays Nigeria in a Negative Light-Jonathan

Published

on

 

Former President Dr. Goodluck Jonathan has broken his silence over the political crisis in Rivers State, expressing deep concern over the suspension of Governor Siminalayi Fubara and other elected officials, stating that such actions tarnish Nigeria’s global reputation.

Jonathan made these remarks while speaking as the chairman at the Haske Satumari Foundation Colloquium in Abuja on Saturday.

Jonathan criticized the removal of elected officials, emphasizing that these actions by key figures in the executive and legislative branches present Nigeria in a negative light.

He noted that while former presidents typically refrain from commenting on national issues to avoid inflaming political tensions, he felt compelled to speak out due to mounting calls from Nigerians urging him to address the situation.

The former president underscored the importance of maintaining the integrity of governance institutions, warning that undue influence over the judiciary erodes public confidence in the legal system.

He also highlighted how Nigeria’s international image and investment climate are directly impacted by the conduct of its governmental arms.

Meanwhile, on the same day, the New Nigeria Peoples Party (NNPP) voiced support for President Bola Tinubu’s declaration of a state of emergency in Rivers State. NNPP National Chairman, Dr. Agbo Major, defended Tinubu’s decision, arguing that no responsible government would allow a worsening crisis to go unchecked.

Major stated that President Tinubu, as Nigeria’s Chief Security Officer, had access to intelligence that might not be publicly available. He suggested that without intervention, the situation in Rivers could have escalated further, posing significant security threats.

He also criticized some political leaders who, instead of promoting peace, allowed the crisis to deteriorate before stepping in with belated interventions and criticisms

 

#
Continue Reading

Trending