LASG HOSTS Y2024 WOMEN'S ASSEMBLY TO EMPOWER, CELEBRATE WOMEN. (PHOTO). #PRESS RELEASE.

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 LASG HOSTS Y2024 WOMEN'S ASSEMBLY TO EMPOWER, CELEBRATE WOMEN Lagos State Governor, Mr. Babajide Sanwo-Olu, has reaffirmed his administration's commitment to advancing and empowering women, describing them as the pillars of communities, contributing in numerous ways as mothers, entrepreneurs, educators and leaders.  Governor Sanwo-Olu stated this in his keynote address at the 2024 Women's Assembly for Local Government and Local Council Development Areas organised by the Ministry of Women's Affairs and Poverty Alleviation (WAPA) at the De Blue Roof, LTV 8 complex, Agindigbi Ikeja.  The Governor, represented by the Secretary to the State Governor, Bimbola Salu-Hundeyin, described the Assembly as a critical platform for celebrating women’s contributions and tackling challenges affecting their well-being. He restated his administration’s commitment to prioritising women through policies and programmes aimed at economic empowerment, political inclusion, and grassroots engag...
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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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