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Dangote deal: Oil marketers promise reduced fuel prices

By Francesca Hangeior.
Oil marketers have assured that Premium Motor Spirit (PMS) prices will drop once they start directly lifting products from the Dangote Refinery.
The Nigerian National Petroleum Company Limited (NNPCL) is the sole entity lifting products from the refinery, which led to a significant surge in petrol prices.
Prices in Lagos have skyrocketed to ₦950 per litre, with consumers in northern areas paying up to ₦1,000 per litre.
The sharp increase has placed an additional strain on businesses and households already dealing with rising inflation.
However, in a move expected to provide relief to Nigerians facing soaring petrol prices, the Spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, yesterday, provided an optimistic outlook during an interview on National Television, monitored by The Nation.
He confirmed that discussions between marketers and the Dangote Refinery for direct product lifting are underway, and expressed confidence that prices will drop once these arrangements are finalised.
Ukadike emphasised the critical role independent marketers could play in stabilising petrol prices across the country.
“It is just very simple. It shows that the liberalisation of the market is on the course because there is no way Dangote refinery will be producing petrol in Nigeria without considering IPMAN as one of its strategic stakeholders,” he remarked.
Highlighting IPMAN’s extensive network of filling stations, which account for approximately 85 percent of the country’s distribution outlets, Ukadike suggested the involvement of independent marketers in product lifting from the refinery could resolve current pricing disparities.
He said: “We were even thinking that one of his first points of call was to discuss with IPMAN and not NNPCL because we can distribute every single drop of products produced by Dangote Refinery.”
He noted that competition and independence in sourcing products would drive down petrol prices, saying, “Immediately after we discuss and commence direct lifting of product from Dangote, the issue of pricing and differential in pricing will be gone. What we are seeing here is price disparity. But if IPMAN becomes independent, prices will drop.”
Drawing from the successful reduction in diesel (AGO) prices when independent marketers began sourcing directly from Dangote, Ukadike expressed optimism for a similar outcome with petrol.
“Dangote also opened up to IPMAN when he started producing AGO, diesel. We entered the market and started buying it, and prices of AGO came down from N1,600 to between N1,000 to N1,100,” he explained.
He concluded by calling for an inclusive market, noting, “This is a deregulated economy, and every stakeholder and player should be given equal opportunity.”
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Hon. Nnamchi Begins Street Lights Deployment In Isi Uzo(Photos)

Honourable Paul Sunday Nnamchi, representing Enugu East/Isi Uzo Federal Constituency in the 10th House of Representatives, has fulfilled his promise to illuminate communities in Isi Uzo Local Government Area.
The lawmaker has just begun the deployment of high-density solar-powered street lights in Ikem Nkwo, marking the beginning of a massive rollout of the street lamps across the communities in Isi Uzo.
This initiative, which started in Enugu East Local Government Area in 2024, aims to support the fight against insecurity in the state which according to him was to add to what Chief Security Officer of Enugu State Barrister Peter Mba had done to secure the state to attracts foreign investments.
The lawmaker expressed concern over banditry attacks, particularly by herdsmen, in some communities within Isi Uzo and Enugu East Local Government Areas in the recent pasts.
He believes that illuminating these areas with high-density street lights would help address the insecurity adding that he was prioritizing border and farming communities in Isi Uzo, where banditry has displaced residents and restricted farming activities.
Communities in Ikem, Eha-Amufu in Isi Uzo which borders Enugu and Benue State and Ugwogo-Nike in Enugu East have been vulnerable to these attacks due to their strategic locations.
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May Day: Kalu Hails Workers, Applauds Their Role in Nation Building

By Gloria Ikibah
Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu, has extended warm wishes to Nigerian workers as the country marks the 2025 edition of International Workers’ Day.
Kalu praised workers across various sectors for their commitment and resilience, describing them as the engine that keeps the nation moving. He acknowledged their sacrifices and unrelenting drive, especially during tough economic times.
In his message, he highlighted the efforts of the current administration under President Bola Tinubu to improve the welfare of public servants. He referenced the National Assembly’s prompt backing of the new minimum wage as a sign of the government’s seriousness about workers’ wellbeing.
The Deputy Speaker appealed for continued patience and understanding from Nigerians, noting that the ongoing economic reforms, while challenging, are designed to bring long-term relief and prosperity.
Kalu also called for unity, and said the country can only overcome its present difficulties if citizens and leaders work together in good faith.
He therefore urged workers to keep the faith and remain steadfast in their duties, assuring them that brighter days are on the horizon, and wished Nigerian workers a peaceful and fulfilling May Day celebration.
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