Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Fuel Scarcity Drama Averted? PETROAN Strikes a Deal with Dangote Refinery

Eriki Joan UgunushebyEriki Joan Ugunushe
December 6, 2024
in Business & Finance
0
Fuel Scarcity Drama Averted? PETROAN Strikes a Deal with Dangote Refinery
Share on FacebookShare on TwitterShare on Whatsapp

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) is promising Nigerians a festive season free from the dreaded fuel scarcity, thanks to a new partnership with Dangote Refinery and Petrochemicals.

In a statement released by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, the association announced its “strategic alliance” with Dangote Refinery after a business meeting held earlier in the week at the refinery’s Lagos complex. The meeting, spearheaded by PETROAN’s National President, Dr. Billy Gillis-Harry, was tagged as a groundbreaking move to prevent fuel shortages nationwide. But isn’t this the same tune Nigerians have heard for decades?

“PETROAN National President commended the Vice President of Dangote Group & Managing Director of Dangote Refinery, Mr. Devakumar V. G. Edwin, for his cooperation and strategies deployed so far to make petroleum products available to all Nigerians throughout the end-of-year festivities and beyond,” the statement read. Commended? Sure. But where is the accountability? Nigerians have seen endless commendations with little to show for it.

The deal reportedly involves a seller-buyer arrangement with Dangote Refinery, monthly volume reservations for PETROAN, favorable payment terms, and competitive pricing. Of course, the “business terms and conditions” are being kept under wraps.

PETROAN confidently declared that production at the Port Harcourt refinery, combined with the Dangote Refinery agreement, will avert any dreaded shortages. They also dismissed fears of fuel scarcity, urging Nigerians to avoid panic buying. “We caution against panic buying as it is unsafe and dangerous to stock petroleum products at home,” they warned. Admirable advice, but Nigerians might argue that their panic isn’t baseless it’s born from years of being left stranded at the pumps.

The statement added that all PETROAN retail outlets across Nigeria are on “green alert” to ensure uninterrupted service. “We hereby reassure Nigerians of PETROAN’s preparedness to ensure zero-scarcity of petroleum products during the upcoming festive season and beyond,” it concluded. Zero-scarcity? That’s a bold promise in a country where fuel crises are practically a national tradition.

While PETROAN urges calm and optimism, many Nigerians remain skeptical. The partnership with Dangote Refinery might be a step in the right direction, but can it undo decades of inefficiency in the downstream sector?

If PETROAN delivers on its promises, it will be a refreshing break from the norm. If not, well, Nigerians are no strangers to disappointment.

Tags: dangotefederal characterfuel scarcityFuel Scarcity Drama Averted? PETROAN Strikes a Deal with Dangote RefineryNewsPetroanrefinery
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

A Bleak Start to 2026 as Black Market FX Batters the Naira
Business & Finance

A Bleak Start to 2026 as Black Market FX Batters the Naira

January 11, 2026
A Bleak Start to 2026 as Black Market FX Batters the Naira
Business & Finance

A Bleak Start to 2026 as Black Market FX Batters the Naira

January 10, 2026
Why Elon Musk Just Put a Price on Grok's Riskiest A.I. Feature
Business & Finance

Why Elon Musk Just Put a Price on Grok’s Riskiest A.I. Feature

January 9, 2026
Next Post
Suspicion: A Return to the Dark Arts

Suspicion: A Return to the Dark Arts

Lionel Messi wins MLS MVP after stellar debut season with Inter Miami

Lionel Messi wins MLS MVP after stellar debut season with Inter Miami

Fisayo Soyombo Exposes Military’s Alleged Collusion with Oil Bunkerers

Fisayo Soyombo Exposes Military’s Alleged Collusion with Oil Bunkerers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

The curious case of Adams Oshiomhole and his possible next move

The curious case of Adams Oshiomhole and his possible next move

4 years ago
3 Nigerians appointed by Twitter founder, Jack Dorsey, to head Trust Fund

3 Nigerians appointed by Twitter founder, Jack Dorsey, to head Trust Fund

4 years ago
LAUTECH Affirms the Death of Two Students in Auto Accident

LAUTECH Affirms the Death of Two Students in Auto Accident

2 years ago
Akeredolu’s commissioner resigns, just after redeployment

Acting Chairman of the NNPP suspended for “insulting” Buba Galadima

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump UK ukraine US
No Result
View All Result

Highlights

Venezuela Shock: US Draws Red Line for China

Pressure Mounts as Lagos Begins Probe Into Chimamanda’s Son’s Death

Martinelli scores first Arsenal hat-trick as Gunners defeat Portsmouth comfortably in FA Cup

How I Survived a Painful Miscarriage in 2013 — Actress Yewande Adekoya

Victor Osimhen Hails Yekini as Nigeria’s Greatest After AFCON Heroics Against Algeria

How Personal Choices Affected My Marriage to Kristy — Desmond Scott

Trending

Iran Warns US: Intervention Will Trigger Retaliation
Government

Iran Warns US: Intervention Will Trigger Retaliation

byEriki Joan Ugunushe
January 11, 2026
0

Tensions in Iran are at their highest in years. More than 500 people have reportedly died in...

A Bleak Start to 2026 as Black Market FX Batters the Naira

A Bleak Start to 2026 as Black Market FX Batters the Naira

January 11, 2026
Trump Cuts Cuba Off From Venezuelan Oil

Trump Cuts Cuba Off From Venezuelan Oil

January 11, 2026
Venezuela Shock: US Draws Red Line for China

Venezuela Shock: US Draws Red Line for China

January 11, 2026
Pressure Mounts as Lagos Begins Probe Into Chimamanda’s Son’s Death

Pressure Mounts as Lagos Begins Probe Into Chimamanda’s Son’s Death

January 11, 2026

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Iran Warns US: Intervention Will Trigger Retaliation
  • A Bleak Start to 2026 as Black Market FX Batters the Naira
  • Trump Cuts Cuba Off From Venezuelan Oil

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com