DANGOTE REFINERY TO SUPPLY 60 MILLION LITRES OF PETROL WEEKLY TO IPMAN TO BOOST CRUDE IMPORTS. (PHOTO).

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 Dangote Refinery To Supply 60 Million Litres Of Petrol Weekly To IPMAN To Boost Crude Imports The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) on a weekly basis, which translates to 240 million litres per month. This comes as the $20bn Lekki-based refinery seeks to raise billions of dollars to import crude oil and increase production to reach its full capacity of 650,000 barrels per day. IPMAN National Publicity Secretary, Chinedu Ukadike, confirmed that the association is finalizing discussions with Dangote and expects to start lifting PMS from the refinery before the end of November. The agreement has already led to a drop in petrol prices by N10 to N15 due to increased competition in the downstream sector following deregulation. In the past 42 days, the Nigerian National Petroleum Company Limited (NNPC) and other marketers have imported over two bil
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HARDSHIP: YOUR REFORMS ARE NOT WORKING- BAUCHI GOV TELLS TINUBU. (PHOTO).

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 Hardship: Your reforms are not working – Bauchi gov tells Tinubu


Bauchi State Governor, Bala Mohammed has called on the President Bola Tinubu-led Federal Government to review its current monetary and fiscal policies, stating that they are not working effectively.


The governor made this call at the launch of the Nigeria Development Update in Abuja on Thursday.


Mohammed urged the government to avoid being dogmatic in its approach, emphasizing the urgent need for change due to the growing hardship in the country.


He highlighted the plight of ordinary Nigerians, warning that hunger and economic hardship have created a volatile situation. He revealed that even people in his position are facing the threat of being lynched by frustrated citizens.


Mohammed also called on the federal government to develop more effective economic policies, stressing that the funds currently being received are insufficient to address the widespread hunger.


“When the reforms started, the sub-nationals supported the President. But now, the macroeconomic policies causing inflation need to be reconsidered. There is hunger, people are suffering, and Nigerians are not benefitting from these reforms.


“What are you doing to reduce hunger? We must help the people cope.


“The purchasing power of the people has drastically diminished.


“My brother Cardoso (CBN governor), these policies are not working. They need to be reviewed. Let’s not resort to blackmail,” the governor said.

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