The PUNCH: Fuel Import Bill to Decrease with Dangote Refinery’s Inauguration
The Federal Government stands at the brink of significantly reducing its massive N6.2 trillion annual fuel import bill. This promising development hinges on the commencement of operations at the Dangote Petroleum Refinery. Aliko Dangote, the chairman of the Dangote Group, voiced this commitment at the Africa CEO Forum Annual Summit in Kigali, Rwanda. He confirmed that the refinery will start distributing premium motor spirit in Nigeria next month, marking a potential end to the country’s reliance on imported petrol.
Vanguard: FMCG Sector Faces Mounting Challenges
The fast-moving consumer goods (FMCG) sector faces severe setbacks, with manufacturers reporting a worrying increase in unsold inventory. This situation could precipitate a substantial downturn in production levels across the industry as companies struggle to manage rising stock levels amidst fluctuating demand.
The Nation: President Tinubu to Evaluate Cabinet’s Performance
President Bola Ahmed Tinubu is scheduled to review the performance of his cabinet members this week. The administration will celebrate its first anniversary next week, though the ministers have been in office for only nine months since their inauguration on August 21, last year. This assessment is critical as the government seeks to solidify its policies and initiatives.
Daily Trust: Delays in Training Air Traffic Controllers Exacerbate Aviation Woes
Despite hiring over 100 air traffic controllers two years ago, there has been a significant delay in their training and subsequent deployment at airports across Nigeria. This lag contributes to ongoing challenges within the aviation sector, which is already struggling with a shortage of skilled manpower, impacting overall industry efficiency.
