Business

IPMAN Urges FG to Intervene in Dangote Refinery Pricing to Reduce Petrol Cost

Published

2 months ago

September 3, 2026

Dangote Refinery News Central TV 1024x683 1.jpg

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Federal Government to intervene in the commercial operations and pricing of the Dangote Petroleum Refinery in a bid to reduce the rising cost of petrol across the country.

The appeal followed a fresh increase in petrol pump prices, with the product now selling between ₦1,310 and ₦1,345 per litre in Abuja and neighbouring areas.

IPMAN National President, Abubakar Maigandi, made the call while reacting to the recent surge in petrol prices, which he attributed to upward adjustments in gantry and ex-depot prices by the Dangote Refinery and private depot operators.

Maigandi urged the Federal Government to engage domestic refiners and broker an agreement that would help bring down the cost of petrol for consumers.

He stressed that such government intervention should not be regarded as a return to the former fuel subsidy regime, but rather as a targeted measure to cushion the impact of rising energy costs.

“We are appealing to the Federal Government to broker a deal with Dangote Refinery to reduce fuel prices.

“The government should intervene with Nigerian refiners, and this will lead to a reduction in fuel prices. It is different from fuel subsidy. In a situation where there is difficulty, the government should step in,” Maigandi said.

According to IPMAN, strategic government engagement with domestic refiners could help stabilise petrol prices, reduce the impact of fluctuations in international crude oil prices and ease the burden of rising energy costs on households and businesses.

The association maintained that ensuring affordable and stable petrol prices remains critical to reducing transportation and operating costs across the country.

Related Topics:Dangote Refinery FG IPMAN Reduce Petrol Cost

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Business

Mbah Rebuilds Technical College, Prepares Enugu Youths for Tech-Driven Future

Published

6 hours ago

October 20, 2026

PlateauReports

Enugu State Governor, Peter Ndubuisi Mbah, has rebuilt Government Technical College (GTC), transforming the once-dilapidated institution into a modern Science, Technical and Vocational education hub equipped with advanced ICT infrastructure, robotics, mechatronics and coding facilities to prepare young people for a technology-driven future.

The initiative forms part of his administration’s broader efforts to strengthen technical education, develop industry-relevant skills and position Enugu youths to take advantage of emerging economic and technological opportunities.

The comprehensive overhaul features newly constructed academic blocks, paved internal roads and upgraded learning facilities, alongside modern ICT infrastructure and industry-grade equipment supporting robotics, mechatronics, coding and programming.

Beyond its infrastructural renewal, GTC is pioneering specialised learning pathways in Science and Technology, Building and Architecture — covering trades such as bricklaying, electrical installation, plumbing and roofing — as well as Industrial Agriculture.

The integration of a Smart Green School within the college premises further creates a pathway linking foundational education with technical and vocational training, preparing students to develop practical competencies from an early stage.

Significantly, GTC is the first of eight planned model Science, Technical and Vocational Schools, with one envisaged for each of Enugu State’s eight federal constituencies. The initiative reinforces the administration’s commitment to expanding access to technical education, nurturing innovation and building a skilled workforce capable of supporting the state’s industrial and economic ambitions.

This is more than the reconstruction of an educational institution. It is an investment in human capital, youth empowerment and the next generation of skilled professionals, innovators and entrepreneurs.

Under Governor Mbah’s leadership, the focus is not merely on building structures, but on creating opportunities, strengthening institutions and laying the foundation for sustainable prosperity.

Sometimes, the picture says it all. Look beyond the structure and see the vision, the investment and the future being built.

The post Mbah Rebuilds Technical College, Prepares Enugu Youths for Tech-Driven Future appeared first on Business Today NG.

Business

Otedola recalls sharing bunk bed with Hamzat 49 years ago

Published

14 hours ago

October 20, 2026

PlateauReports

Femi Otedola, the chairman of First HoldCo Plc, has revealed that he shared a bunk bed with Lagos State Deputy Governor Obafemi Hamzat during their boarding school days 49 years ago.

Mr Otedola disclosed this in a post on X after hosting a dinner in honour of his longtime schoolmate, Mr Hamzat, attended by Aliko Dangote, the president of Dangote Group, and Abdulsamad Rabiu, the chairman of BUA Group.

The business tycoon said Mr Hamzat’s character has been defined over the years by honesty, sincerity, fairness, and strong moral principles.

“Yesterday, I hosted dinner in honour of @DrObafemiHamzat, the incoming Governor of Lagos State,” Mr Otedola said.

“A man of the highest integrity, with whom I shared a bunk bed at boarding school 49 years ago,” he added.

Mr Otedola stated that his longstanding relationship with Mr Hamzat has given him insight into the deputy governor’s character and values.

“My experience of his character over the years has been defined by his honesty, sincerity, fairness and strong moral principles,” Mr Otedola said.

READ ALSO: Tinubu’s reforms have put Nigerian economy on path of sustainable growth – Otedola

He, however, did not disclose the name of the boarding school he attended with the Lagos State deputy governor.

The billionaire investor has interests in financial services and oil & gas. He holds about 27.7 per cent of First HoldCo’s shares, following months of steadily increasing his stake in the banking group.

Mr Hamzat is seeking to contest the 2027 governorship election in Lagos State on the platform of the All Progressives Congress (APC), and has served as deputy governor under incumbent Governor Babajide Sanwo-Olu since 2019.

He emerged as the APC governorship candidate in May 2026.

Mr Hamzat served as Lagos State Commissioner for Science and Technology and later as Commissioner for Works and Infrastructure from 2005 to 2015.