Business News of Tuesday, 23 July 2024

Source: www.legit.ng

Nigerians rally behind Dangote as he names NNPC personnel who owns blending plants abroad

Aliko Dangote Aliko Dangote

The Chairman of the Dangote Group, Aliko Dangote, has criticized the Nigerian government for allowing the importation of dirty fuel into Nigeria.

Dangote said the importation of dirty fuel undermines the quality and price stability of fuel in the country.

The Nigerian billionaire accused some NNPC personnel and oil traders of owning blending plants in Malta, where they allegedly import inferior products with fake import certificates.

Dangote’s comments have sparked debates among Nigerians, with some supporting his stance and others criticizing his alleged monopolistic tendencies.

According to reports, the Nigerian government has met with Dangote and other key stakeholders to address and resolve the ongoing row surrounding the Dangote Refinery.

NMDPRA accuses Dangote of inferior products

Recall that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said that fuels from the Dangote and other refineries in Nigeria are of inferior quality.

The NMDPRA said that Dangote diesel has high sulphur content, which is a statement that Dangote Refinery management denied.

The agency also disclosed that the refinery operates without a license for 650,000 barrels per day and is still at its pre-commissioning stage.

However, Dangote Refinery said the statement by the NMDPRA’s chief executive officer, Farouk Ahmed, contains falsehoods and is meant to tarnish the company's image.