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It Might Be Too Expensive – Marketers Express Fear As Dangote Petrol Move To Hit Local Markets

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By Kayode Sanni-Arewa

Petroleum marketers have expressed fear over the price of petrol from Dangote Petrochemical Refinery.

The product is set to hit the Nigerian local market in two to three weeks.

However, petrol marketers do not seem to look forward to the development as they claim that the product’s price may be higher than expected.

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They spoke against the backdrop of the 650,000-capacity refinery’s failure to get feedstock locally from the international oil companies.

Dangote Refinery has continued to import crude oil from the United States and other countries at a higher cost.

This development has reportedly made its diesel and aviation fuel not very attractive to some local marketers due to price reasons.

Speaking in an interview with Punch, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, said crude imports would jerk up the price of Dangote petrol.

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According to Fashola, the refusal of IOCs to sell crude oil to Dangote will be a big challenge to the $20bn refinery, even as he acknowledged that the IOCs also have other business commitments.

According to him, “The non-supply of crude is a big challenge for Dangote. You know Dangote cried out too. The international oil companies too will have their reasons; you know they have their commitments too. It’s not like they will start feeding Dangote only. People should understand that.

I think Dangote should consider that. I know this prompted Dangote to go outside the soil of Nigeria to seek crude oil. You know when he keeps bringing crude oil from the United States, that is another cost. That is another problem we are scared of because it will still boil down to the high cost of petrol, unlike where he can source the crude locally in Nigeria.”

To resolve this, the IPMAN leader asked the Federal Government to assist Dangote with the supply of crude oil. This, he said, would solve the problems Nigerians face with fuel availability and affordability.

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“I will advise that the government should assist Dangote in the supply of crude oil. If Dangote can get an adequate supply of crude oil locally, I think the whole problem will be solved somehow. I don’t think there will be any need for anybody to go and bring in petrol again, especially if Dangote is selling at a reasonable price,” he added.

Fashola, however, enjoined Dangote not to monopolise the petroleum if he eventually got the support of the government, saying the refinery must sell PMS at a reasonable price.

“Dangote too should not see it as an advantage to start monopolising the market by raising fuel prices. Dangote has to come with a clean mind by selling at a reasonable price to the public,” he said.

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Zed-Faith Foundation Donates Food, Medical Supplies to Orphanage, Elderly Homes in FCT

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By Kayode Sanni-Arewa

In a bid to ease the impact of rising food prices and economic hardship, the Zed-Faith Foundation International has donated food items and medical supplies to Ark of Refuge Orphanage and Old People’s Home in Kado, Abuja.

The items were distributed over the weekend by representatives of the Foundation on behalf of its Founder and Chairman, Amb. Daniel Onyeka Newman, a UK-based Nigerian and Chief Executive Officer of SBI.

The Foundation’s Media Consultant, Amb. Victor Atewe, who led the delegation, said the donation was a personal initiative by the Chairman and not funded by government or external bodies.

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“These items are intended to directly support the children and elderly, and we trust they will be used solely for that purpose,” Atewe said.

He added that the Foundation plans to continue its outreach efforts across the country, noting that the economic situation has made daily survival increasingly difficult for vulnerable groups.

The Foundation also used the occasion to urge the federal government to collaborate more with credible non-governmental organisations in supporting disadvantaged populations, especially as inflation and food insecurity worsen.

Speaking on behalf of the Country Representative, Mr. Chinnaya Dominic Chikwado, the Foundation’s Administrative Officer, Mr. Udodirim Okorie, called on well-meaning Nigerians to support charitable causes and contribute to alleviating the burden on those most affected by the country’s economic crisis.

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Representatives of the Old People’s Home and Ark of Refuge Orphanage expressed appreciation for the gesture, describing it as timely and impactful. They noted that such support helps bridge the gap in essential services for the elderly and children in their care.

“This donation will go a long way in meeting our daily needs.”

“We thank the Foundation for its continued support, especially during such challenging times.”

“Even the smallest gesture makes a big difference to those who have no one else to turn to.”

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“We hope others are inspired to follow suit and remember those most in need.”

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May Day: Senator Manu celebrates with Nigerian workers

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The Senator representing Taraba Central Senatorial District, Manu Haruna celebrates May Day with Nigerian workers in Taraba and across Nigeria.

Senator Manu in a congratulatory letter to all Nigerian workers said:

“Your labour towards building a virile nation shall never be in vain as you celebrate May Day today in Nigeria and across the globe.

The former Taraba State Deputy Governor acknowledged the invaluable contributions of workers across various sectors and emphasized their crucial role in driving the nation’s development and progress.

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He encouraged continued solidarity among workers while advocating for better working conditions, fair wages, and enhanced opportunities.

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Ibas Pledges Commitment to Workers’ Welfare

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The Administrator of Rivers State, Retired Vice Admiral Ibok-Ete Ibas, has reaffirmed his commitment to improving the welfare of workers across the state.

This assurance was given during a meeting with the leadership of organised labour unions held at the Government House in Port Harcourt.

According to a statement issued by the Senior Special Adviser on Media to the Administrator, Hector Igbikiowubo, the meeting served as a platform for open and constructive dialogue on critical labour matters.

The statement outlined key areas of intervention currently being addressed by the government.

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These, he said, included the timely payment of salaries and pensions, as well as the resolution of salary arrears, with approval already granted for the payment of newly employed workers at the Rivers State University Teaching Hospital and the judiciary.

Similarly, he said medical workers in the local government areas would receive their proper wages.

He said the minimum wage was being implemented for all local government employees across the state.

The administrator also noted that his administration was currently reviewing challenges related to the contributory pension scheme, ahead of the July 2025 implementation deadline.

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Ibas disclosed that plans were underway to expand the fleet of intervention buses reintroduced to ease the transportation burden of workers.

On capacity building, the administrator announced that specialised leadership training for senior civil servants would begin within the next two weeks.

He also revealed that the government was actively considering the implementation of the N32,000 consequential pension adjustment, along with measures to clear outstanding gratuities owed to retirees.

While commending workers for their dedication to service, he called for continued collaboration with labour unions to ensure lasting industrial harmony in the state.

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According to the statement, the State Chairman of the Nigeria Labour Congress (NLC), Alex Agwanwor, expressed appreciation to the administrator for the steps already taken to promote workers’ welfare.

Agwanwor also lauded the government’s openness to dialogue and pledged the sustained support and cooperation of labour unions in achieving shared goals.

Meanwhile the NLC has directed its members in the state to observe the International Workers’ Day as a peaceful rally, which is expected to be held within the premises of the union, involving all affiliate unions, and would focus on advocating for the restoration of democratic governance in the state.

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