NUT PROTEST : WIKE WARNS AGAINST POLITICISING INSECURITY. (PHOTO).

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 NUT Protest : Wike Warns Against Politicising Insecurity The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has warned against politicising insecurity amid protests by the Nigeria Union of Teachers, FCT wing, over the killing and abduction of school staff and children in Oyo State. Teachers stormed the FCTA Secretariat in Abuja to condemn the killing of Michael Oyedokun and to demand the release of abducted pupils and teachers from Community High School, Ahoro-Esinle in Oriire Local Government Area. The FCT minister addressed the protesters on Tuesday, saying the federal government is on its toes working to secure the rescue of the schoolchildren and their teachers. Wike urged protesters to avoid turning the tragedy into a political issue and to give security efforts time to produce results. Chairman of the union in the FCT, Mr Abdullahi Shafa, explained that the nationwide solidarity protest was to condemn the killing of the teacher and abduction of the school chil...
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FG NAMES DANGOTE REFINERY SOLE SUPPLIER OF JET FUEL. (PHOTO).

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 FG names Dangote refinery sole supplier of Jet Fuel


The Nigerian federal government has officially designated Dangote Refinery as the sole provider of Jet A1 fuel to aircraft operators across the country.

This announcement was made by the Minister of Aviation, Festus Keyamo, during an interview broadcast on Channels TV on October 8.


Keyamo revealed that airline operators had recently convened and agreed, with his endorsement, to source all their jet fuel exclusively from the Dangote refinery, which has a capacity of 650,000 barrels per day.

“This decision stems from a recent meeting of the airline operators in Nigeria, where they collectively resolved to purchase Jet A1 fuel solely from Dangote Refinery, with my approval,” Keyamo stated.


He noted that the federal government had also initiated a naira-for-crude agreement with Dangote, emphasizing that all transactions would now be conducted in Naira, eliminating any dollar components.


“This arrangement is timely as we have just implemented the naira-for-crude purchase. It will significantly reduce the pressure on foreign currency reserves,” he added.

Keyamo assured that this local currency transaction would stabilize fuel prices, shielding them from the fluctuations associated with the international market and the unpredictable oil price dynamics.

“This decision stems from a recent meeting of the airline operators in Nigeria, where they collectively resolved to purchase Jet A1 fuel solely from Dangote Refinery, with my approval,” Keyamo stated.


He noted that the federal government had also initiated a naira-for-crude agreement with Dangote, emphasizing that all transactions would now be conducted in Naira, eliminating any dollar components.


“This arrangement is timely as we have just implemented the naira-for-crude purchase. It will significantly reduce the pressure on foreign currency reserves,” he added.

Keyamo assured that this local currency transaction would stabilize fuel prices, shielding them from the fluctuations associated with the international market and the unpredictable oil price dynamics.


“The pricing will be more predictable since it will no longer be influenced by international market factors. We anticipate that this will provide us with more affordable access to Jet A1 fuel,” he concluded.

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