Human rights activist Deji Adeyanju has accused businessman Aliko Dangote of hatching an evil plan to monopolize Nigeria’s petroleum industry and destroy the country.
Adeyanju alleged that the Dangote Refinery raised the pump
price of fuel by more than 100 percent, attributing the increase to the ongoing
conflict in Iran and heightened tensions in the Gulf region.
In a statement titled ‘Sudden fuel price increment: Dangote
evil monopoly destroying Nigeria’, Adeyanju questioned the justification for
the hike, noting that the refinery sources its crude oil locally within
Nigeria.
He further pointed out that the Federal Government had
previously approved an arrangement allowing the Nigerian National Petroleum
Company to sell crude oil to the Dangote Refinery in naira, a policy aimed at
stabilizing supply and insulating local pricing from foreign exchange
pressures.
According to Adeyanju, the refined petroleum products
currently being distributed were processed before the recent escalation of
hostilities in the Gulf, raising concerns about why consumers should bear
additional costs linked to international developments that did not directly
impact existing stock.
The activist also expressed concern over what he described
as the refinery’s near-monopoly position in the downstream sector, arguing that
limited competition may be contributing to unchecked pricing decisions.
He accused the company of profiting from geopolitical
instability at the expense of Nigerian citizens already facing economic
hardship.
Adeyanju said: “Aliko Dangote has hiked the pump price of
fuel by over 100%, due to the war in Iran. Yet, the Dangote Refinery purchases
crude oil domestically from Nigeria, and the President even approved that the
Nigerian National Petroleum Company (NNPC) sell crude oil to the Dangote
Refinery in naira.
“What I find even more troubling is the fact that the
products currently being supplied were refined long before the recent
escalation of hostilities in the Gulf region.
“Why then should Nigerians bear the burden of a price
increase tied to events that did not affect the cost of already-refined stock?
“Sadly, because the refinery operates in a near-monopoly
position, the government appears either unwilling or unable to call it to
order.
“This amounts to unprecedented wickedness, as the Dangote
Refinery appears to be profiting from the misfortune of war at the expense of
already impoverished Nigerian citizens.”
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