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Talents Hunt: SMEDAN Commends Nigerians’ Creativity In Bauchi

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Our Correspondent, Bauchi

Alhaji Dikko Radda, the Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has commended the creativities displayed by participants of the Agency’s 2021 talents hunt in Bauchi State.

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The D.-G who made the commendation in Bauchi on Wednesday during the commencement of SMEDAN’s 2021 talents hunt programme in Light Manufacturing’, said the programme was to discover youths between the ages of 18-35 with innovative business ideas in Agro-processing equipment fabrication.

He said the programme was also to assist the participants with grants, start-up kits, link them with affordable sources of finance as well as to facilitate network linkages with industry, professionals and practitioners that will promote their indigenous products.

Radda further explained that the selection of the Light Manufacturing sector as the focus of this year’s edition was a well thought out strategy to further fast-track the commitment of the present administration to lifting 100 million Nigerians out of poverty.

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“I’m proud to call myself a Nigerian because I’ve seen talents exhibited by these young Nigerians.

“These are the kinds of creativity we require in this country and if they are supported, the sky’s the limit for the economy of our nation in terms of manufacturing, industrialization and creating job opportunities for our people.

“If you have talents, SMEDAN will support, mentor and link you up with the relevant MDAs and Ministries that can support you to scale up your production.

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“210 participants were selected across three geo-political zones of Southeast, North central and Northeast. They underwent stages of screening and are expected to pitch their ideas to the panel of Judges for evaluation and subsequent selection.

“The programme is running concurrently in three locations of Bauchi, Kwara and Ebonyi States. The winners in each state will go home with various cash prizes, capacity building and linkages to relevant MDAs for protection of their intellectual property,” said the D-G.

He reiterated that SMEDAN was making concerted efforts towards repositioning Micro, Small and Medium Enterprises (MSMEs) to harness the numerous benefits of African Continental Free Trade Agreement (AfCFTA).

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The SMEDAN boss revealed that the agency intended to build the participants’ capacities and to support them with sum amount to enable them to continue producing so as to help the economic prosperity of the nation.

READ ALSO: NDE Commends Bauchi Women, Empowers 30 With N750,000

Radda added that the participants would go through a lot of training, saying there would be a selection process after the training and those who came first, second, third, up to forty positions in the programme would be rewarded.

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“It is therefore our mandate to build your capacity and identify critical stakeholders with key responsibilities to assist you in the effective management of your businesses.

“The fabrication of agro processing equipment locally should be supported and encouraged as it will make agric goods export competitive and promote rapid industrialization as agriculture is now perceived as a business enterprise,” he said.

In her speech, the state Coordinator, Standard Organization of Nigeria (SON), Mrs Hauwa Husseini, appreciated SMEDAN for Organising such a ‘wonderful’ programme.

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Represented by Mohammad Chinade, the Principal Standard Officer, SON, Bauchi Office, Husseini said that SON was ready to collaborate with SMEDAN in training young entrepreneurs in their businesses.

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NNPCL Reduces Fuel Price After Dangote Refinery’s Adjustment

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The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday, according to DAILY POST.

It was confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945.

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This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza, Central Area, Wuse Zone 4, Wuse Zone 6, and other of its filling stations in the nation’s capital.

READ ALSO:N5bn Damage: NNPCL Secures Appeal Court Victory Against Ararume

The latest downward review of fuel price in NNPCL outlets represents an N55 reduction in fuel pump price.

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It was reduced to N890 per litre this afternoon, down from N945,” an NNPCL fuel attendant told DAILY POST anonymously on Thursday.

This comes a Nigerian filling station, MRS Empire Energy, on Thursday adjusted their fuel pump price to N885 and N946 per litre, down from N910 and N955 per litre.

The latest fuel price reduction trend is unconnected to Dangote Refinery’s ex-depot petrol price adjustment by N30 to N820 per litre from N850 and the price of crude oil in the international market.

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Dangote Refinery Reduces Fuel Price

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Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly known as petrol, by N30, from N850 to N820 per litre, effective from August 12, 2025.

This was disclosed in a statement by the company’s spokesman, Anthony Chijiena, on Tuesday.

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The 650,000-barrel-per-day plant said the move is part of its unwavering commitment to national development, assuring the public of a consistent and uninterrupted supply of petroleum products.

READ ALSO:Dangote Refinery Gets New CEO

In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 CNG-powered trucks for fuel distribution across Nigeria, effective August 15, 2025,” said Chijiena.

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The announcement comes as the refinery prepares to commence direct fuel distribution nationwide. The development is expected to lead petroleum product marketers to reduce their pump prices in the coming days.

In Abuja, the retail fuel price stood between N885 and N970 per litre as of Tuesday evening.

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Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US

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India Refineries have abandoned Russian crude for Nigerian crude, while domestic refiner Dangote Refinery relies heavily on West Texas Intermediate crude from the United States of America.

This followed a recent sanction threat by US president Donald Trump on India over continued patronage of Russian crude.

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According to Reuters, industry sources said that Indian Oil Corporation recently bought one million barrels of Nigeria’s Agbami crude for September 2025 delivery in a tender awarded to global trader Trafigura.

Also included are one million barrels of Angola Girassol, one million barrels of US Mars, three million barrels of Abu Dhabi Murban, and two million barrels of Nigerian oil, according to Reuters.

READ ALSO:‘My Eyes Dey Your Body’: Drama As Portable Professes Love For Regina Daniels

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The report noted that the purchase is part of a broader sourcing spree that has seen Indian refiners secure millions of barrels from non-Russian sources post July 2025.

Meanwhile, Indian refiners secured purchases of Nigerian crude grades; the $20bn Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, is relying on around 60 percent on US and other imoorts to feed its processing units.

Data showed that the refinery imported an average of 10 million barrels in July 2025, saying it was increasingly relying on the US for its feedstock despite the naira-for-crude deal with the Federal Government, which kicked off in October last year.

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According to Reuters, the Indian Oil Corp and Bharat Petroleum have bought a million barrels of non-Russian crude billed for delivery in September and October after the US pressured India to halt purchases from Russia.

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Indian state refiners had been largely absent from the Nigerian crude market spotlight since 2022; they have in the past concentrated on Russian crude amid the Russian-Ukrainian war. However, the Indian refiners paused Russian purchases in late July 2025 after pressure from US President Donald Trump.

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On the part of Dangote Refinery, data from commodities analytics firm Kpler showed that in July, US barrels accounted for about 60 percent of Dangote’s 590,000 barrels per day of crude intake, with Nigerian grades making up the remaining 40 percent.

In July, the Dangote refinery’s crude imports surged to a record 590 kbd—driven largely by US barrels overtaking Nigerian supply for the first time—amid ongoing domestic sourcing challenges, Kpler reports.

“While WTI has held a significant share in Dangote’s import slate since March, this is the first time US crude has overtaken Nigerian supply—a shift driven by several factors,” Kpler stated.

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