Business
PETROAN and Dangote Refinery Team Up to Improve Gas and Fuel Distribution
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has emphasized the importance of issuing gas distribution licenses to petroleum marketers as a key step in reshaping Nigeria’s oil and gas industry.
In a statement released on Tuesday, PETROAN’s spokesperson, Joseph Obele, mentioned the significance of the move. The National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had granted these licenses to oil marketers on the same day.
PETROAN further explained that these licenses were crucial to ensuring the success of Nigeria’s gas expansion plans, which are part of the broader vision of President Bola Ahmed Tinubu’s administration.
The statement outlined that licensees were expected to use their new authorization to contribute to the nationwide distribution of gas, with the goal of covering all 774 local government areas across the country.
In another important development, PETROAN also announced a strategic partnership with Dangote Refinery and MRS, aimed at enhancing the distribution of petroleum products across the nation.
This collaboration is set to provide Nigerians with more value for their money when purchasing Premium Motor Spirit (PMS), while also addressing price disparities by factoring in transportation costs.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
Nigerians react as a user claims and shares that the price of rice in Nigeria is already reducing.
“Rice prices are finally dropping, minimum wage can buy a bag now. Step by step, we’re getting there. Nigeria will work in our lifetime.”
It can be noted that rice was sold at ₦85k to ₦90k, however, according to a market survey, the price of rice has dropped to ₦56k to ₦62k.
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