Dangote Refinery Will Save Forex, IPMAN Assures Nigerians

Eko Hot Blog reports that the Independent Petroleum Marketers Association (IPMAN) has asked Nigerians to remain hopeful, saying the Dangote Refinery will save the country billion of dollars, urging that, the government of the country should be made to account for the huge revenue accruing from the subsidy removal.

“When Dangote Refinery commences operation, it will save the country billions of forex and also create opportunities for our teaming youths,” said Mike Osatuyi, National Operations Controller of IPMAN on TVC.

Osatuyi said that with over N2 trillion shared by the three tiers of government, saying, “it is time Nigerians begin to demand more accountability from government; both at the state and local government levels.

According to him, Nigerians should hold government accountable on the money received from FAAC.

“Subsidy removal will attract more money for government.

“The foreign exchange rates has being unified and the subsidy payment that was usual paid on monthly bases now go to government pulse, “he said.

The IPMAN boss said that the N2 trillion shared was higher than previous money being shared to the tiers of government, adding that government ought to do more for its citizens.

He said that money that would have been frittered away, in a month, via fuel subsidy will now go into the coffers of the government to improve living conditions of the people.

“What this means is that there will now be more money available for government to embark on infrastructures development.

“Government at all levels will become more solvent, be in a stronger financial position to easily pay new minimum wage and fund development in critical sectors, especially in education, healthcare and public transportation.

“Going forward, Nigerians should begin to focus attention on their states and local governments to demand more accountability and transparency in the use of public fund,” he said.

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