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Dangote Under Pressure As Fuel War Begins, Lobbying President Tinubu To Stop Marketers From Importation

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Dangote Refinery Slashes Ex-Depot Price By N40

•IPMAN, PETROAN push back, warn against monopoly, Dangote insists on ‘Nigeria First’ policy

The President of the Dangote Group, Alhaji Aliko Dangote, has asked President Bola Tinubu to include refined petroleum products in the list of items banned under the ‘Nigeria First’ policy of the Federal Government. But this was unanimously rejected by oil marketers and some industry analysts on Sunday.

The ’Nigeria First’ policy seeks to ban government agencies from importing goods that can be produced within Nigeria. In May, Tinubu barred government agencies from importing goods or services that are available locally.

The policy stated that no procurement of foreign goods or services already available in Nigeria shall proceed without justification and a Bureau of Public Procurement waiver.

Speaking at the just concluded Global Commodity Insights Conference on West African Refined Fuel Markets hosted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in partnership with S&P Global Insights, Dangote requested in clear terms that petrol, diesel, and other refined petroleum products be added to the items banned by the policy.

According to him, the importation of fuel into Nigeria is killing local refining and discouraging further investments in the sector and even the economy. To remain viable, he urged governments across Africa to take deliberate steps as the United States, Canada, and the European Union have done to protect domestic producers from what he called unfair competition.

Dangote did not mince words when he said that the Nigeria First policy announced by Tinubu should apply to the petroleum products sector. “The Nigeria First policy announced by His Excellency, President Bola Tinubu, should apply to the petroleum product sector and all other sectors,” he stated.

This request by Dangote seeks to place a ban on the importation of petrol, diesel, and other products being produced locally. He argued that local refiners were finding it difficult to sell their products because of what he called dumping. The billionaire businessman alleged that importers were dumping toxic fuel that would never be allowed in Europe.

“And to make matters worse, we are now facing increased dumping of cheap, often toxic petroleum products, some of which are blended to substandard levels that would never be allowed in Europe or North America,” he said.

Dangote mentioned that some of the importers bring into Nigeria fuel or crude oil subsidised in Russia. This, he said, affects local pricing, forcing refiners to drop prices below their costs.

“Due to the price caps on the Russian petroleum products, discounted petroleum products produced in Russia or with discounted Russian crude find their way to Africa, severely undercutting our local production, which is based on full crude pricing. This has created an unlevel playing field in most African countries. Petrol and diesel are sold for about a dollar net of taxes.

“In Nigeria, due to this unfair competition, this price is just about 60 cents, even cheaper than Saudi Arabia, which produces and refines its own oil. This is due to the fact that we are having too much dumping. To remain viable, we urge the governments across Africa to take deliberate steps as the United States, Canada, and the European Union have done to protect domestic producers from unfair competition,” he stated.

The richest man in Africa said this was not to monopolise the sector but to produce local investments. He noted that those who have the resources to invest in Nigeria keep taking their resources outside the country while they criticise local investors.

“Let me take this opportunity to address concerns around monopoly and dominance. The reality is that too many people who have the means and the opportunity to contribute meaningfully to our nation’s growth choose instead to criticise from the sidelines while investing their wealth abroad,” Dangote said.

To prove that his $20bn refinery can satisfy local fuel needs, Dangote disclosed that Nigeria has become a net exporter of petroleum products, having exported approximately 1.35 billion litres of petrol to other countries worldwide in 50 days.

According to Dangote, between June and July 2025, the refinery exported up to 1 million tonnes of petrol, which is approximately 1.35 billion litres when converted.

“Today, Nigeria has actually become a net exporter of refined products. Before I came on the podium, I asked my people how many tonnes of PMS we have actually exported. From June beginning to date, we have exported about 1 million tonnes of PMS, within the last 50 days,” he said.

Marketers tackle Dangote
However, marketers disagreed with Dangote, urging the Federal Government not to consider adding petroleum products to the list of items banned from importation.

Speaking with our correspondent on Sunday, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said independent marketers would not support that idea as it would spell doom for the sector.

“We independent marketers will depart from that request. If the government does that, that means we will not be able to check inflation and monopoly, since it is the only refinery operating in the country now. We should continue to import even as we buy locally.

“I heard that the NMDPRA stated clearly that Dangote cannot produce all the fuel that the country needs. We will appreciate it if the country allows importation to continue since we are not paying subsidy,” Ukadike said.

Reacting to Dangote’s claim that importation would kill businesses and local refineries, Ukadike differed. “Importation won’t kill local businesses or refineries; it will strengthen them. It will ensure local refineries step up their game. I don’t agree with Dangote on this,” he said.

Also, the National President of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, kicked against the call to ban fuel Importation. He said no one company should be allowed to dominate the downstream sector in a free economy.

While admitting that there is a need to ban the importation of some goods, he said these should not include fuel, stressing that Nigeria needs multiple sources of energy. “I don’t agree with Dangote. We are running a free economy. There’s no reason why any one company should have an overarching value on the entire industry.

“Importation is not killing the economy. Importation is stabilising the sources of petroleum products. Importation of all products is useful. However, those that can be produced in Nigeria, like toothpicks, garri, egusi soup, cassava, and others like that, should be banned.

“But importation of refined petroleum products should not be banned because it helps to ensure that there are multiple sources of energy and replenishment,” Gillis-Harry stated.

Expert reacts
An energy expert at the University of Lagos, Professor Dayo Ayoade, also warned against banning fuel Importation, saying this would promote monopolistic tendencies.

“No, we cannot have a ban on petroleum imports. It’s not a legal ban. That would not be acceptable because we don’t have diverse sources for petroleum products. We can’t rely solely on the Dangote refineries. That would give a monopoly to a private individual.

“And for the reasons of energy security and national security, that would be completely unacceptable. The government should continue to encourage, liberalise, and ensure other refineries come upstream. NNPC may want to privatise or sell off its refineries, then that’s fine. But we need to have a better base of product market before we now start to say we want to ban imports,” he said.

He queried what the local and international laws say about banning products.

“And you know, when we talk about bans, we have to look at international trade. International trade law does not really sit well with banning things. So, we have to be clever about how we do it. But if the market is ripe, it will be more expensive to bring in things from other countries than our own products, provided they are of sufficient quantity and the quality is fine,” the don submitted.

More refineries
During the NMDPRA conference, Dangote called on the regulator to encourage building more refineries. He charged the agency to withdraw dormant refinery licences from those holding on to them.

The IPMAN spokesman supported Dangote on this, saying, “On that side, I agree with him. You can’t obtain a licence to build a refinery and use it to decorate your house. The nation needs more refineries to do more exports.”

Dangote has repeatedly stated that his refinery has more than enough fuel to satisfy local fuel needs, wondering why some marketers insist on “sabotaging” his investment with importation. He disclosed recently that the refinery would produce hit 700,000 barrels per day capacity in December, an update from the current 650,000 BPD capacity.

On Friday, Dangote announced his retirement as a Director and the Chairman of the Board of Directors of Dangote Cement. According to a statement Friday by the Group Chief Branding & Communications Officer, Anthony Chiejina, Dangote is relinquishing his position as chairman and retiring from the board to focus more attention on the $20bn refinery, petrochemicals, fertiliser, and government relations.

Our correspondent gathered that the refinery is still taking delivery of the 4,000 compressed natural gas-powered trucks for its free fuel delivery scheme scheduled to commence on August 1.

The scheme will see the delivery of petrol, diesel and aviation fuel directly to filling stations and bulk consumers like telecommunication companies.

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FG Unveils Employment Portal, Targets 26,961 Nigerians for New Jobs

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The Federal Government has launched the online registration portal for Phase III of the Renewed Hope Employment Initiative (RHEI), with plans to train 26,961 unemployed Nigerians in 70 high-demand skills as part of efforts to tackle unemployment and boost entrepreneurship nationwide.

The programme, which will run across the 36 states and the Federal Capital Territory (FCT), is expected to commence in August 2026 after the registration process is completed.

Speaking during the launch, the Minister of Labour and Employment, Dr Mohammed Dingyadi, said the initiative is designed to equip unemployed Nigerians with practical, market-driven skills that can lead to employment or self-reliance.

He explained that the government would adopt a ward-to-ward selection process to ensure that beneficiaries are drawn from communities across the country, promoting fairness and wider participation.

According to the minister, the programme aligns with the Federal Government’s broader agenda to reduce unemployment by expanding access to vocational training and enterprise development.

As part of the initiative, the government also announced plans to resettle 3,405 outstanding graduate trainees with starter packs and work tools after completing their training.

The support package is intended to help beneficiaries establish businesses or begin careers in their chosen trades, strengthening the government’s push for sustainable job creation.

Dingyadi acknowledged complaints from beneficiaries of the earlier phases regarding unpaid stipends and delayed resettlement support.

He attributed the setbacks to funding constraints and assured participants that the ministry was working with relevant authorities to secure the release of funds needed to settle all outstanding obligations.

“I wish to assure all affected beneficiaries that this Ministry is fully aware of the matter and is working with the relevant authorities to ensure the release of the necessary funds so that all outstanding obligations can be met without further delay,” he said.

Director-General of the National Directorate of Employment (NDE), Silas Agara, said the upgraded registration portal includes new security and verification features to improve transparency and efficiency.

Applicants will be required to verify their identities using their National Identification Number (NIN), while the system will automatically prevent multiple registrations and assign applicants to training centres closest to their locations.

Agara added that persons living with disabilities would be identified during registration and matched with skills programmes suited to their needs.

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UK Lists 10 Requirements Nigerians Need To Secure Work Visa

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The UK Home Office has set out detailed requirements that foreign nationals, including Nigerians, must satisfy before they can qualify for a Skilled Worker visa.

The requirements, published on the UK government’s official website, apply to overseas professionals seeking to work in eligible jobs with approved employers across the United Kingdom.

According to the Home Office, applicants must meet employment, salary, language and documentation requirements before a visa can be granted. Additional evidence may also be requested depending on an applicant’s circumstances.

1. Have a job offer from an approved employer: Applicants must first secure a job offer from a UK employer licensed by the Home Office to sponsor foreign workers.

The employer must issue a Certificate of Sponsorship (CoS), which contains details of the job being offered.

2. Work in an eligible occupation: The job must appear on the UK’s list of eligible occupations for the Skilled Worker visa. Applicants must know the correct occupation code assigned to their role before applying.

3. Meet the minimum salary requirement: Most applicants must earn at least £41,700 per year or the “going rate” for their occupation, whichever is higher.

Most applicants must earn at least £41,700 per year or the “going rate” for their occupation, whichever is higher. Lower salary thresholds may apply for some healthcare workers, graduates, younger applicants and certain PhD holders.

4. Prove English language ability: Applicants must show they can speak, read, write and understand English. This can be done through approved English language tests or recognised educational qualifications taught in English.

5. Hold a valid passport: Applicants must provide a valid passport or another accepted document proving their identity and nationality as part of the visa application.

6. Show proof of financial support: Most applicants must demonstrate they have at least £1,270 available to support themselves after arriving in the UK unless their employer confirms it will cover those costs.

7. Pay visa fees and healthcare surcharge: Applicants must pay the visa application fee, the Immigration Health Surcharge for each year of their stay, and meet any other required charges before their application can be processed.

Partners and children of Skilled Worker visa holders may apply as dependants. Supporting a partner requires showing at least £285 in available funds, £315 for one child, and £200 for each additional child

8. Submit supporting documents: Applicants must provide supporting documents, including their Certificate of Sponsorship reference number, salary details, occupation code and employer information. Depending on individual circumstances, additional documents may also be required.

9. Provide extra certificates where required: Some applicants may need to submit additional documents such as tuberculosis (TB) test results, criminal record certificates, Academic Technology Approval Scheme (ATAS) certificates or proof of overseas qualifications.

10. Apply within the required timeframe: Applicants must submit their Skilled Worker visa application within three months of receiving their Certificate of Sponsorship from their employer.

The Home Office also advises applicants to complete identity verification and provide all required documents before a decision can be made.

Additional documents may be requested

The UK government stressed that meeting the eligibility requirements does not automatically guarantee visa approval. Immigration officials may request further documents or information to verify an applicant’s eligibility before making a final decision.

For Nigerians and other foreign professionals hoping to work in the UK, understanding these 10 requirements can help them prepare a stronger Skilled Worker visa application.

Full breakdown of the rules can be downloaded here.

 

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No More N1300/liter: Petrol Stations Release New Fuel Prices Nationwide

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Transport fares have started rising in parts of the country as the price of Premium Motor Spirit (PMS), popularly called petrol or fuel, climbed to as high as ₦1,400 per litre amid a fresh increase in the international price of crude oil, according to Naija News.

The development has triggered fresh concerns among commuters, commercial transport operators and small business owners, who fear that the increase will further worsen the country’s cost-of-living crisis.

Naija News reports that the latest increase followed a surge in global crude oil prices, with Brent crude rising above $100 per barrel amid renewed tensions in the Middle East and concerns over possible disruptions to global oil supplies.

Fresh loading data obtained from petroleum marketers showed that ex-depot petrol prices increased in parts of Lagos, Warri and Calabar.

In Lagos, A.A. Rano increased its ex-depot price from ₦1,275 to ₦1,279 per litre, while African Terminal, Ascon, Gulf Treasure, Integrated and T.Time raised their prices to ₦1,275 per litre.

Aiteo, Heyden and Nipco maintained their existing price of ₦1,275 per litre, while Emadeb reduced its price marginally from ₦1,278 to ₦1,274 per litre.

The Dangote Refinery, the country’s dominant petrol supplier, on Thursday resumed gantry loading of Premium Motor Spirit in naira after a week-long suspension.

The refinery, however, raised its ex-depot petrol price to ₦1,215 per litre.

It had suspended gantry and coastal loading on July 15 after introducing a dollar-denominated pricing template for its refined petroleum products.

The latest adjustment represents a ₦140 increase per litre, or a 13.02 per cent rise, from the previous price of ₦1,075 per litre.

The refinery had attributed the introduction of dollar-based transactions to difficulties in accessing enough crude oil under the Federal Government’s naira-for-crude arrangement.

Under the temporary dollar-based pricing system, petrol was sold at $0.779 per litre, diesel at $1.087 per litre and Jet A1 aviation fuel at $0.942 per litre.

Nigerians Lament Rising Transport Costs
Naija News reports that the fresh increase has sparked anger and frustration among Nigerians, with residents complaining that transport fares usually rise immediately after petrol prices go up but rarely fall when the cost of crude oil drops.

Before the latest escalation in Middle East tensions, Brent crude had fallen to around $70 per barrel, the level at which it traded before the war in February.

However, Nigerians said petrol prices remained above ₦1,000 per litre despite the drop in international crude prices.

The Federal Government had previously summoned oil marketers and other stakeholders to ensure that petrol prices reflected the decline in international crude prices. However, residents said there was no significant reduction before the latest increase.

In Abuja, residents said rising transport costs were taking a large portion of their monthly income.

A civil servant, Grace Okeke, who spoke with Daily Trust, said every increase in petrol prices immediately affected her cost of transportation.

“My salary has not changed, but I now spend much more just getting to work and back. It is becoming impossible to survive in Abuja,” she said.

Another resident, Musa Ibrahim, said the increase would also affect the prices of food and other essential goods.

“Transportation affects everything. Farmers, traders and transporters will simply transfer the additional cost to consumers. Ordinary Nigerians are the ones paying the price,” he said.

Drivers Struggle With Rising Fuel Costs
Commercial drivers said they were also facing difficulties as the price of petrol continued to change.

A taxi operator, Emmanuel Ujah, said the frequent changes made it difficult for drivers to plan their businesses.

“You don’t know what petrol will cost tomorrow. That uncertainty affects our business and our families,” he said.

Another driver, Ganiyu Jide, said fuel now takes the biggest part of his daily earnings.

“If we don’t adjust transport fares, we cannot maintain our vehicles or even feed our families,” he said.

Although transport fares have not increased uniformly across Abuja, commuters said they were paying between 20 and 40 per cent more on some routes compared with a few weeks ago.

In Lagos, some transport operators have started reviewing fares on busy routes.

However, competition among commercial bus operators has prevented a general increase across the state.

Fuel marketers are also selling petrol at different prices, depending on their location and source of supply.

The varying prices have created uncertainty for transport operators who often need to buy fuel more than once a day.

Ibadan Fares Remain Stable
In Ibadan, the Oyo State capital, transport fares have remained relatively stable despite petrol selling between ₦1,260 and ₦1,300 per litre at some filling stations.

BOVAS sold petrol at ₦1,260 per litre, while Amazing Filling Station dispensed the product at ₦1,300.

A commercial driver, Kamoru Iyanda, said transport operators could not increase fares every time petrol prices went up because passengers were also struggling.

“It is difficult to adjust fares every time because passengers cannot afford it. Sometimes we absorb the losses,” he said.

Another driver, Amoo Saheed, said unstable fuel prices had continued to reduce the earnings of commercial transport operators.

In Ilorin, Kwara State, several major and independent filling stations increased their pump prices by between ₦35 and ₦85 per litre.

AP raised its price from ₦1,220 to ₦1,290 per litre, while BOVAS and Abanik sold at ₦1,260.

NIPCO sold at ₦1,300, NNPCL stations at ₦1,305, Optimal at ₦1,255 and External at ₦1,298.

Shafa and Atgris sold at ₦1,300, Total at ₦1,285 and Olak at ₦1,260 per litre.

Residents said the increase would have a ripple effect on transport fares and the prices of food and other goods.

They urged the government and relevant agencies to take urgent steps to stabilise petrol prices and reduce the burden on ordinary Nigerians.

One resident, Ola Yemi, described the development as disturbing and criticised the government’s policies.

“It’s very disturbing, and some of the policies of this government are really disappointing. I am beginning to think seriously that it is because of the forthcoming election. I believe they are trying to raise enough funds without considering the condition of the masses.

“Initially, we were told that the increase was because of the tension in the Middle East, but the situation appears different now,” he said.

Kaduna drivers uncertain over future prices
In Kaduna, petrol was selling for about ₦1,350 per litre after dropping below ₦1,200 only a few weeks earlier.

A commercial driver, Hassan Ya’u Kanti, said the rapid changes in petrol prices were becoming unbearable.

“A few days ago we bought fuel at about ₦1,190. Now it is ₦1,350. We don’t know what tomorrow will bring,” he said.

He said passengers often blamed drivers whenever transport fares increased, despite the rising cost of fuel.

“We are only trying to survive,” he added.

Adamawa Operators Monitor Market
In Adamawa State, NNPCL stations were selling petrol at ₦1,310 per litre, while AA Rano, Eterna and other independent marketers sold between ₦1,360 and ₦1,370.

The Commercial Manager of Adamawa Sunshine Transport Company, Aminu Muhammad, said the company would study the situation before deciding whether to increase fares.

“We don’t rush into increasing transport charges. We usually monitor developments for several weeks before taking any decision,” he said.

Kano Fares Unchanged
In Kano, transport fares have remained largely unchanged despite the increase in petrol prices.

Commercial tricycle operators said they were waiting to see if the fuel price would stabilise before reviewing their fares.

A tricycle operator, Hayatu Usman, said the latest increase was not enough to justify an immediate fare hike.

Passengers interviewed in the city also confirmed that they were still paying the same fares.

A Bayero University Kano student, Mujahid Aminu, said he still paid ₦300 for his daily trip from Zawaciki to the university’s New Campus.

Maiduguri Transport Fare Rises By ₦5,000
In Maiduguri, Borno State, independent filling stations were selling petrol between ₦1,370 and ₦1,390 per litre.

The development has also affected inter-state transportation, with the fare from Maiduguri to Kano rising from ₦20,000 to ₦25,000.

The Chairman of the Independent Petroleum Marketers Association of Nigeria in Borno State, Mohammed Kuluwu, said fluctuating prices were discouraging some marketers from buying petrol.

“Sometimes you buy at a high price only for prices to fall before the product reaches Maiduguri. Many marketers are now afraid to buy,” he said.

Small business owners who depend on petrol-powered generators also expressed concern over the latest increase.

A barber, Chinedu Nwafor, said he was spending more on petrol for transportation and electricity generation.

“If this continues, I will have no option but to increase the prices of my services,” he said.

Market Forces To Blame – Says Expert
An energy law expert at the University of Lagos, Professor Dayo Ayoade, said the rising petrol prices were a reflection of Nigeria’s deregulated petroleum market.

He explained that local petrol prices were now directly affected by movements in international crude oil prices and the exchange rate.

According to him, the Petroleum Industry Act limits government intervention in petrol pricing except when there are market anomalies.

However, he said Nigeria’s crude oil commitments under existing financing arrangements had reduced the volume of crude available for domestic supply.

He said, “When price of crude oil is high, that price will be passed on to consumers. You can see that Dangote at one point was talking about Nigerian marketers paying for its products in dollars because the vast majority of its expenditure is in dollars and it’s spending a lot of money to import crude oil into Nigeria. This means that the crude oil for Naira has, I don’t want to say failed, but it has been of limited use to Dangote refinery.”

He added, “As such, we find that the exposure of our local PMS markets to the vulnerabilities of an oil shock and increasing prices due to the US-Iran war will be ongoing. So long as the war continues, the price will go up and Nigeria will be unable to protect itself against that higher cost.”

Ayoade said the government and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had limited capacity to protect consumers from the impact of rising crude oil prices.

“The Petroleum Industry Act provides for a market price, so it’s the market that now determines the price in Nigeria. Unfortunately, the federal government and NMDPRA have limited capacity to intervene and insulate consumers from crude oil.

“One way we could have done it is to expand Naira for crude, but if you go and check, Nigeria has mortgaged the overwhelming majority of its crude oil cargoes for cash and because it has done this, the amount of barrels available is so small and that it’s embarrassing,” he said.

Another industry analyst, Abdullahi Shehu, called on the Federal Government to subsidise crude oil supplied to the Dangote Refinery and other local refineries.

“He can subsidise ₦700 per litre to all the local refineries so Nigerians can buy petrol at ₦500 per litre. This is better for Nigerians than seeing the savings from subsidy removal being looted mercilessly,” he told Daily Trust.

An economist and oil and gas expert, Dr Marcel Okeke, also said the government’s reforms were not producing the desired results.

According to him, any reform that fails to improve the welfare and standard of living of citizens cannot be considered successful.

He said, “The truth is whatever you claim you have achieved and it doesn’t reflect in the well being, welfare and standard of living of the people, what are you talking about?

“Many Nigerians have been made worse off by the reforms. Look at the situation of petrol alone, as of May 2023, the price per litre was below N200 per litre. At that time it came to N800. But since the Middle East war started, everything has gone haywire, moving around N1,300 and N1,400 and now it is going to N1,500.”

Okeke alleged that the government had failed to fix the country’s refineries and reduce dependence on imported petroleum products.

He attributed the failure to what he described as vested interests benefiting from fuel importation.

“They want to continue the importation so as to continue the super profits they are making,” he said.

Source: Naija News

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