The president of Dangote Group and founder of Dangote
Refinery, Aliko Dangote has vowed that there will be major shakedowns in
Nigeria’s downstream oil and gas sector.
Dangote disclosed this in an interview with journalists
after President Bola Ahmed Tinubu visited his 650,000-barrel-per-day refinery
in Lekki, Lagos State.
According to him, the overhaul he intends to announce in the
country’s oil and gas sector is not about petrol price reduction.
Africa’s richest man, however, did not disclose what the
proposed overhaul would be.
“Now that the President has visited and he has given us
additional energy, we will inform you; you will hear from us soon, and that
will be one of the major shakedowns in the entire country.
“It is not the reduction of price; it will be the total
overhaul of the downstream,” he stated.
Recall that President Tinubu visited Dangote Refinery,
describing the facility as a massive investment and point of reference in
Nigeria’s path to industrialisation.
In October last year, Dangote Refinery kicked off the rollout
of premium motor spirit, which has led to a drop in fuel imports into Nigeria.
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