Fuel price: I wish Dangote Refinery existed years ago, says Okonjo-Iweala

The Director-General of the World Trade Organisation, Dr Ngoszi Okonjo-Iweala, says Nigeria would have started producing its own oil if Dangote Refinery had existed years ago.


She said this during her visitation to the President, Muhammadu Buhari , on Monday.


According to her, the former Nigeria’s finance minister, the President/Chief Executive, Dangote Industries Limited, Aliko Dangote, should have been encouraged be encouraged in his efforts to build a refinery in the country.


The Presidency quoted Okonjo-Iweala as saying this during a press conference in a series of tweets.


Among the issues Okonjo-Iweala reportedly discussed with the president during the meeting include improving Nigeria’s share of global trade, developing Nigeria’s services sector, Covid-19, attracting investment, safe schools, training and capacity building.

While answering questions on Dangote Refinery—largest single train refinery in the world, she was quoted as saying, “I wish we had done it years ago. If we had done it years ago and encouraged Alhaji Dangote, who is doing a good thing, we’d be producing our own fuel today.”


She thanked the president for his support in her bid to become the DG of the World Trade organisation.


“I felt I had to come to Nigeria first, to say thank you, to Mr President; to thank him for his nomination and his support, he signed so many letters, he talked to so many people. @wto #NOIinNigeria #StateHouseBriefing


“I want to say a special thank you to young people in Nigeria. They were on social media sending so many encouraging videos,” she added.


She explained that “within WTO principles there are provisions that exist to protect and support vulnerable countries”, adding that “Free trade has lifted hundreds of millions out of poverty, but it has also left some people behind.


“This is why we are very keen at the @WTO to support women entrepreneurs, and MSMEs, and all the marginalized and excluded.”

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