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.

Advert

“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

RFI Tasks Media on Reporting Women, Children, and Minors

Published

on

 

Radio France Internationale (RFI) has urged journalists to broaden their coverage to include issues affecting women, children, and minors, as part of its Hausa Service programme Rayuwata. The head of RFI Hausa Service, Joe Penny, made this call while addressing journalists in Kano during preparations for the upcoming Rayuwata event. Penny emphasized that the programme this year will spotlight personal stories shared by women and children, underscoring the importance of amplifying their voices.

According to Penny, RFI, headquartered in France with 17 language services, operates its Hausa Service from Lagos. He noted that the station has successfully reached millions of people through social media, particularly Facebook, where it boasts 2.3 million followers. He explained that the decision to host the event in Kano was deliberate, given the city’s role as a cultural and economic hub in northern Nigeria.

Penny further stated that RFI’s outlets have traditionally focused on politics and security-related attacks, but the organisation is now expanding coverage to other aspects of life. “Last year, we partnered on sports and signed a memorandum of understanding with Kano pillars football club . This year, we are focusing on women and children,” he said. He added that the programme will feature videos designed to spark conversations and highlight pressing social issues.

Advert

The Hausa Service head also revealed that the event will celebrate achievements in Kannywood, the Hausa-language film industry. “We have a series on Kannywood where we interview actors. It provides a service beyond us and a larger one. This is the first time we are doing this event in Kano, and there are new ways of engaging our audience,” Penny explained.

He stressed that public feedback would be crucial in shaping the festival, which he described as being in the public interest.

Highlighting the programme’s history, Penny noted that Rayuwata has been running for five years, consistently focusing on children and minors. He reiterated that the initiative seeks to celebrate, encourage, and educate, while also drawing government attention to the needs of vulnerable groups.

On his part, veteran broadcaster and co-anchor of Rayuwata, Muhammad Musa Muhammad Inya, emphasized RFI’s global reach and its commitment to ensuring Kano is not left behind.

He disclosed that RFI will collaborate with five local radio stations this year to strengthen community engagement. “We are helping those that are not privileged, especially fatherless children. We come to educate the government on the importance of children and the less privileged,” Inya said.

The upcoming Rayuwata festival in Kano is expected to serve as a platform for dialogue, cultural celebration, and advocacy, reinforcing RFI’s mission to expand media coverage beyond politics and security to include the everyday realities of women, children, and minors.

Continue Reading

News

Ex-IG Alkali Withdraws from Yobe APC Governorship Race

Published

on

 

By Yusuf Danjuma Yunusa

Former Inspector-General of Police, Usman Alkali Baba (retd.), has withdrawn from the 2027 Yobe State governorship race on the platform of the All Progressives Congress.

Baba announced his withdrawal in a statement made available to Newsmen on Wednesday, saying the decision followed extensive consultations with political stakeholders and associates across the state and beyond.

The former police chief said the move was taken in the interest of party unity, stability and progress ahead of the APC governorship primaries.

Advert

‎He stated, “After due consultations and exhaustive meetings with the Vice-President, Federal Republic of Nigeria Senator Kashim Shettima, the Executive Governors of Yobe and Borno states, elders and political associates, as well as some very critical stakeholders across the seventeen Local Government Areas, I have decided to withdraw my aspiration for the governorship ticket ahead of the 2027 general elections.”

Baba described the decision as a difficult but necessary sacrifice for the unity of the ruling party in Yobe State.

‎“The decision was not arrived at easily; it is voluntary but an obvious sacrifice we must make in the interest of party unity, stability and progress of our dear state,” he said.

He urged his supporters to remain calm and continue supporting the APC and whoever emerges as the party’s governorship candidate.

‎“Having made this decision, we urge our teeming supporters to remain calm, law-abiding and continue to support our great party, the APC, as well as the eventual gubernatorial candidate,” Baba added.

‎The retired IGP also reaffirmed his commitment to the development of Yobe State despite stepping down from the race.

His withdrawal comes less than 24 hours after another APC governorship aspirant, Alhaji Lawan Kolo Geidam, also exited the contest.

The remaining aspirants include Senator Ibrahim Muhammed Bomai, Mustapha Yunusa Maihaja, Bashir Sheriff Machina and Kashim Musa Tumsah.

Continue Reading

News

Wike Throws Jab at Makinde, Says Alliance with APM Unknown to INEC

Published

on

 

By Yusuf Danjuma Yunusa

Minister of Federal Capital Territory, Nyesom Wike, has described the alliance between Oyo State Governor, Seyi Makinde-backed Peoples Democratic Party (PDP) and the Allied Peoples Movement (APM) as fraudulent.

“When I say people are fraudulent, they thought I was joking. And that’s the 419 we are talking about,” said Mr Wike during an inspection of ongoing road projects in Abuja on Thursday.

Mr Makinde earlier declared his interest to contest the 2027 presidency after signing a Memorandum of Understanding with the APM to be its standard bearer.

“I, Oluseyi Abiodun Makinde, Excellency, announce my candidacy for the position of the President of the Federal Republic of Nigeria,” the governor stated.

Advert

According to the agreement, candidates of the Turaki-led PDP faction in Oyo State loyal to Mr Makinde who are contesting governorship, Senate, House of Representatives and state assembly seats are expected to run on the platform of the APM rather than the PDP in the 2027 elections.

However, Mr Wike said the alliance was unknown to the Independent National Electoral Commission and his faction of the PDP.

He added, “There’s no alliance between PDP and Allied Peoples Movement (APM) or any other political party, as the case may be. INEC also knows that there’s nothing called PDP-APM alliance.”

Noting that the ongoing political activities within the PDP, including the screening of aspirants, clearly showed that the party remained independent and had not entered into any coalition arrangement, the minister accused Mr Makinde of pursuing his personal presidential ambition through the APM platform.

“PDP has presented a presidential candidate and watch out who will be submitted to INEC and see whether there’s anything called PDP-APM.

“What you have is Seyi Makinde joining APM to be able to actualise his presidential ambition, which is already dead on arrival,” Mr Wike said.

The PDP has been embroiled in leadership crisis stirring yet to be resolved court cases.

Continue Reading

Trending