NNPC, Dangote And The Battle Over Nigeria’s Fuel Future - Business

NNPC, Dangote And The Battle Over Nigeria’s Fuel Future - Business - Nairaland

Nairaland Forum › Nairaland General › Business › NNPC, Dangote And The Battle Over Nigeria’s Fuel Future (4794 Views)

NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by Islie(op): 1:26pm On May 31

As public refineries struggle, the NNPC-Dangote legal war is reshaping Nigeria’s downstream oil sector, writes Festus Akanbi

As public refineries remain largely dormant, the legal confrontation between the Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Petroleum Refinery is rapidly becoming a defining moment for Nigeria’s industrial policy, energy security and investment climate.

At the centre of the dispute is Dangote Refinery’s challenge to fuel import licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to rival marketers. The refinery argues that continued importation undermines local refining capacity and runs counter to the spirit of the Petroleum Industry Act (PIA), which encourages backward integration and domestic production.

NNPCL, however, warned the Federal High Court in Lagos that restricting imports could expose Nigeria to supply disruptions, fuel shortages and potential monopoly risks. Yet many observers find it difficult to reconcile the national oil company’s legal position with its continued ownership of the Dangote Refinery project.

The contradiction has become more pronounced because NNPCL’s refineries in Port Harcourt, Warri and Kaduna have failed to deliver sustainable production despite billions of dollars committed to rehabilitation. Industry data indicate that over $3.1 billion was spent on refinery repairs, including $1.5 billion for Port Harcourt, $897.6 million for Warri, and $740.7 million for Kaduna. Yet the facilities remain largely ineffective.

Against this backdrop, the 650,000-barrels-per-day Dangote Refinery has dramatically reshaped Nigeria’s downstream petroleum sector. The facility reportedly supplied nearly 80 per cent of Nigeria’s petrol consumption in April 2026 after reaching full operational capacity earlier this year.

For decades, Nigeria remained trapped in the paradox of being Africa’s largest crude oil producer while relying heavily on imported refined products. That dependence created a multi-trillion-naira import ecosystem that consistently exerted pressure on foreign exchange reserves, fuel subsidies, and the naira itself.

Former President of the Organised Private Sector of Nigeria and former President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye, believes the refinery has disrupted that old structure in ways capable of transforming the economy.

According to Oye, Nigeria spent about N15.42 trillion on petrol imports in 2024 alone, describing the figure as evidence of structural weakness in the country’s energy architecture. He argued that local refining through Dangote could save the country over N15 trillion annually while generating up to $11 billion yearly in foreign exchange through exports of refined petroleum products.

He maintained that reliance on domestic refining would reduce pressure on the naira, improve macroeconomic stability and strengthen Nigeria’s balance of payments.

In one of the strongest criticisms of NNPCL’s position, Oye said maintaining import licences despite existing domestic refining capacity amounted to “penalising the player who built the stadium while rewarding those who merely show up to play.”

He rejected claims that the Dangote Refinery represents a monopoly threat, insisting instead that the project symbolises economic sovereignty and industrial self-reliance. According to him, Nigeria’s energy future should be built on domestic production rather than dependence on foreign refineries.

Built at an estimated cost of $20 billion, the refinery processes 650,000 barrels of crude daily and reportedly produces about 53.6 million litres of petrol and 23.6 million litres of diesel each day. It has also begun exporting refined products, including jet fuel, diesel and petrol, to markets across Africa, Europe, Asia and the Americas.

Supporters of the refinery argue that exposing such a massive investment to unrestricted competition from foreign-supported refiners could discourage future industrial investments in Nigeria.

Their concerns stem partly from the structural advantages foreign refiners enjoy. International refiners typically access cheaper financing, state-backed infrastructure and lower logistics costs. By contrast, Dangote Refinery was forced to construct its own deep seaport, roads, power systems and storage facilities while operating within Nigeria’s high-interest-rate environment.

Energy economist Kelvin Emmanuel recently warned that Nigeria risks repeating policy mistakes that contributed to the collapse of local industries such as textiles and tyre manufacturing if domestic refining is prematurely exposed to uncontrolled reliance on imports.

The Manufacturers Association of Nigeria (MAN) has repeatedly linked import dependency to the collapse of local industries and the loss of millions of jobs over the years. Analysts fear the petroleum downstream sector could suffer similar consequences if local refining investments are not strategically protected.

Supporters of the Dangote Refinery also point to Section 317 of the Petroleum Industry Act, which encourages backward integration and the development of local refining. They argue that imports should serve only as temporary supplements when domestic supply proves insufficient.

However, in court filings, NNPCL argued that the Dangote Refinery has not produced independently verified evidence demonstrating that it can consistently meet nationwide fuel demand without disruptions. According to NNPCL, energy security extends beyond refining capacity to include storage infrastructure, distribution networks, haulage systems, and strategic fuel reserves.

Some downstream operators, including the Petroleum Products Retail Outlets Owners Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria, have supported the continuation of imports, insisting that competition remains necessary to stabilise prices and reduce supply vulnerabilities.

However, Dangote’s supporters counter that the downstream sector remains heavily regulated by the NMDPRA, making it difficult for any single operator to dictate market outcomes. They also argue that the real monopoly in Nigeria’s fuel market historically existed during the decades when fuel importation was dominated largely by NNPCL itself.

Beyond the legal arguments, analysts say the larger issue is investor confidence and policy consistency.

The Dangote Refinery is regarded as one of Africa’s biggest private industrial investments. Consequently, the public legal confrontation between the refinery and a government-owned shareholder raises difficult questions about Nigeria’s investment environment at a time when the country desperately needs fresh capital inflows.

Investor concerns have intensified as the Dangote Refinery reportedly prepares for a public listing around September 2026. Industry sources estimate pre-IPO interest at nearly $2 billion, while projected valuations range between $40 billion and $50 billion.

Analysts warn that uncertainty surrounding import policies, crude supply arrangements, and market access rules could weaken investor confidence in the project and in Nigeria generally.

During a recent visit to the Dangote Refinery, NNPCL Group Chief Executive Officer, Bashir Ojulari, described the partnership as essential for achieving domestic energy sufficiency, industrial growth and operational synergy.

That earlier show of cooperation now contrasts sharply with the adversarial tone adopted in court.

For Nigeria, the implications of the dispute extend far beyond a single refinery or legal battle. The country still spends substantial foreign exchange on imports of refined petroleum products despite being one of Africa’s leading crude oil producers.

At its core, the controversy raises difficult questions about how Nigeria intends to balance market competition with industrial protection. It also forces policymakers to confront a larger issue: can Nigeria genuinely pursue economic nationalism while exposing its largest domestic industrial investments to unrestricted foreign competition?

The Federal High Court may eventually settle the legal issues. But the broader economic and policy debate triggered by the NNPCL-Dangote confrontation could shape Nigeria’s industrial future far more profoundly than the lawsuit itself.

https://www.thisdaylive.com/2026/05/31/nnpc-dangote-and-the-battle-over-nigerias-fuel-future/

2 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by CodeTemplar: 1:58pm On May 31

Islie:
Their(NNPCL) concerns stem partly from the structural advantages foreign refiners enjoy. International refiners typically access cheaper financing, state-backed infrastructure and lower logistics costs. By contrast, Dangote Refinery was forced to construct its own deep seaport, roads, power systems and storage facilities while operating within Nigeria’s high-interest-rate environment.

Everybody has a point. Though Dangote refused to tell us how Buhari sold dirt cheap dollar(our commonwealth) to help him actualize his goals.

3 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by buygala(m): 5:16pm On May 31*

Tale of two thieves conniving to rob the country blind undecided

...

When I knew this country is gone is when I read here a few days ago that Dangote is the largest exporter of Jet fuel in the world..

Meanwhile our domestic airline industry is near comatose due to very high cost of jet fuel ..Yet Dangote obviously has more than enough Jet fuel to export undecided

....

We have locally sourced crude oil and a "local" refinery which is being fed by that local crude (or should be if it's not)...yet a scramble in far-away Iran has sent local fuel prices over the roof sad

...Now I have been forced to know more about Iran and the Strait of Hormuz than my hometown angry

So what is the average Nigerian's benefit from the highly subsidized FX that Dangote got from our Central Bank to build that Refinery if that "local" refinery prioritizes international export over local stability? huh

Meanwhile kerosene which is a very close sibling to jet fuel is now 4k naira per liter angry

Dangote is a goddamn Shylock, while NNPC and co are his accomplices...At times, I think Nigeria will have been better off without that Dangote refinery..Every other day Dangote is reducing fuel price by 25 naira and increasing it the next day by 55 naira, taking everyone of us for a ride. angry

20 Likes 3 Shares

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by wittyt98(m): 5:16pm On May 31

Islie:
https://www.thisdaylive.com/2026/05/31/nnpc-dangote-and-the-battle-over-nigerias-fuel-future/

NNPC had over 2 decades to change the narrative, But what did they achieve in 2 decades?? How many refineries were functional?? Now that the power is slightly slipping off their hands, they wanna talk about monopoly, they wanna paint negative pictures about Dangote.. clowns

Dangote is not a saint, but the failure of NNPC is the reason why someone like Dangote is thriving today. To hell with every member of NNPC

6 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by nairalanda1(m): 5:18pm On May 31

buygala:
Talenof two thieves

when I knew this country is gone

If you were an actual businessman , you wont sell fuel at a price that favors the consumer.

Countries in the communist block tried that thing. At the end they ended up cutting corners to keep production costs low. Result..poor quality and shoddy production, with a lot of scarcity of products and produce.

I know you will hate me for saying this, but the idea that good governance means that government makes everything cheap for you is not only a fantazy, it leads to poorer service, and life becoming more and more harder in reality.

If you want Dangote to give you fuel at N40 like APC used to promise us, you are also saying that he should pay his workers and suppliers next to nothing, OR that the government should take money from other sectors to pay for fuel to be cheap, and by extension that means more and more borrowing.

At some point, ya got to accept that things cost money.Workers have to be paid and stuff has to be paid for.

Plus, if subsidy had gone in 2012, by now we would have had more refineries to compete with dangote. But you guys said no.

24 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by Teelabo(m): 5:19pm On May 31

Dangote is always an opportunist, he does whatever pays him at the detriment of the Nigerian people. I don't even for once trust him

2 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by DeltaOil: 5:21pm On May 31

Islie:
https://www.thisdaylive.com/2026/05/31/nnpc-dangote-and-the-battle-over-nigerias-fuel-future/

na Niger Delta Oil these people dey scramble over.
when we break up, dem eyes go clear

2 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by nairalanda1(m): 5:24pm On May 31

Teelabo:
Dangote is always an opportunist, he does whatever pays him at the detriment of the Nigerian people. I don't even for once trust him

So, you want Dangote to underpay his workers and take money from maintenance and upgrade costs so that you can buy fuel at very cheap prices?

If you were a businessman or a manufacturer, the price you would sell at would be the price that would yield enough to meet your running costs, and your maintenance and upgrade costs, as well as render to Caesar that which is Caesar, and to charitable things...and still have some left over for staff salaries and pensions, plus proviso for possible salary raises.

You got to give up the fantasy that fuel can be cheap. Unless your government is earning something like 800 billion dollars annually, which would enable some form of subsidy, you can't have cheap fuel now without ending up in debt, and ending up with projects uncompleted and so forth.

Tinubu was busy opposing fuel subsidy removal until he ended up in the hot seat and saw what many others, including GEJ, SLS, NOI, and even his servant and acolyte Oshiomole saw back in 2012.

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Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by HacheNoire: 5:25pm On May 31

Teelabo:
Dangote is always an opportunist, he does whatever pays him at the detriment of the Nigerian people. I don't even for once trust him

Dangote is a private citizen like you!

He owes you nothing!

The best you can do is to start your own refinery and compete with him!

You lots be acting like Dangote owes you anything!

So a man who risked his fortune out of his beliefs for a greater Nigeria and Africa owes you what?

19 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by udumosam23(m): 5:26pm On May 31

Stop fuel importation. Privatise out refineries for a fixed period. Subsidize crude for Dangote and demands he sells fuel to Nigerians at a lower rate.

It is our crude, we can export at worlds market price, but sell to him at a subsidized rate. Do same for other local refineries anytime they're set.

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Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by Neoteny(m): 5:26pm On May 31

Same topic format everytime:

"ABC, XYZ, and the blah blah of blah"

Like, is there a template for this or a rule that dictates everyone must write like this?

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by nairalanda1(m): 5:26pm On May 31

DeltaOil:
na Niger Delta Oil these people dey scramble over.
when we break up, dem eyes go clear

When our country breaks up, all the individual countries would become mini Nigerias in five years.

Most people campaigning for breakup are folk who want more money and forex. Not industrialization and development. That is why.

Plus anytime things like increasing the tax to gdp ratio are suggested, which would eventually reduce dependence on oil revenues by far, plus things like industrialization are suggested, you guys cry oppresion and agbadoesin, so we end up being on oil plus loans.

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Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by HacheNoire: 5:28pm On May 31

wittyt98:
NNPC had over 2 decades to change the narrative, But what did they achieve in 2 decades?? How many refineries were functional?? Now that the power is slightly slipping off their hands, they wanna talk about monopoly, they wanna paint negative pictures about Dangote.. clowns

Dangote is not a saint, but the failure of NNPC is the reason why someone like Dangote is thriving today. To hell with every member of NNPC

I am inlove with your blunt expression!

You nailed it without mincing words!

They believe their problems comes from Dangote but won’t blame the likes of NNPC, Total, Agip, Mobil or Chevron for not building one despite the trillions they have milked from this country over decades.

….but Dangote the new player is the problem.

15 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by nairalanda1(m): 5:34pm On May 31

wittyt98:
NNPC had over 2 decades to change the narrative, But what did they achieve in 2 decades?? How many refineries were functional?? Now that the power is slightly slipping off their hands, they wanna talk about monopoly, they wanna paint negative pictures about Dangote.. clowns

Dangote is not a saint, but the failure of NNPC is the reason why someone like Dangote is thriving today. To hell with every member of NNPC

NNPC could not change the narrative, because the desire for cheap fuel by the majority of Nigerians prevented it from doing so.

Subsidy means that the NNPC was forced to sell refinery products (indeed until 2013, that meant diesel, kerosene, petrol, etc) were sold at a loss, with subsidy payments meant to cover the loss

Anytime subsidy costs got high, a partial removal of subsidy was done...that's why fuel does not cost 15 kobo today as it did in 1981, per liter...but the savings were not directed to the refineries, they were sent to government projects .

Meanwhile, subsidy payments were never enough for Nigeria , because our populaiton was too too large to be sustained by revenue from oil, same revenue that was used to pay for subsidy...which led to our debt rising

In 1992, when problems were arising frrom maintaining subsidy AND keeping the refineries working well, Nigeria was warned to remove subsidy totally. Nigeria chose subsidy. Over the refineries. The result was that the refineries became chronic loss makers, years went by without TAM, and without UPGRADES...which meant that by 2009, the refinereis were so obsolete, that TAM was basically money down a bottomless pit.

When you force a refinery to run at a loss , as was done for NNPC, it will fail and crash.

And Nigerians liked it that way. RIch people made money from importing fuel and smuggling and fake subsidy claims, the poor made money from massive smuggling across the border. And people lived with the lie of cheap fuel

That;s why when the Ojota crowd were opposing subsidy removal in 2012, they did not know they were fighting themselves, they thought they were fighting for the masses. And one tinubu was riling them up. Well, here we are.

12 Likes 1 Share

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by frog12: 5:34pm On May 31

Against this backdrop, the 650,000-barrels-per-day Dangote Refinery has dramatically reshaped Nigeria’s downstream petroleum sector. The facility reportedly supplied nearly 80 per cent of Nigeria’s petrol consumption in April 2026 after reaching full operational capacity earlier this year.
NNPCL argued that the Dangote Refinery has not produced independently verified evidence demonstrating that it can consistently meet nationwide fuel demand without disruptions.

dangote dey show NNPC shege
but something no make sense here. you supply 80 percent in april but NNPC say proof no dey, so who is the liar here

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by Iykenuwa(m): 5:36pm On May 31

The author probably forgot to mention that the write up is proudly sponsored by Dangote.

Is he afraid of competition?

1 Like

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by buygala(m): 5:36pm On May 31

nairalanda1:
If you were an actual businessman , you wont sell fuel at a price that favors the consumer.

Countries in the communist block tried that thing. At the end they ended up cutting corners to keep production costs low. Result..poor quality and shoddy production, with a lot of scarcity of products and produce.

I know you will hate me for saying this, but the idea that good governance means that government makes everything cheap for you is not only a fantazy, it leads to poorer service, and life becoming more and more harder in reality.

If you want Dangote to give you fuel at N40 like APC used to promise us, you are also saying that he should pay his workers and suppliers next to nothing, OR that the government should take money from other sectors to pay for fuel to be cheap, and by extension that means more and more borrowing.

At some point, ya got to accept that things cost money.Workers have to be paid and stuff has to be paid for.

Plus, if subsidy had gone in 2012, by now we would have had more refineries to compete with dangote. But you guys said no.

How many of those communist countries aside Russia had their own crude oil?

And how many of those local refineries were built through massive FX subsidy by Government ?

Russia has massive crude oil deposits...how many times have you heard Russians complain about fuel prices despite the Iran war?

Taking about competitive salaries for Dangote staff, maybe you did not read about the recent Dangote/NUPENG face off which arose from Dangote forbidding his staff from joining NUPENG so that they can't collectively demand better pay..by the time the dust settled, he allowed them to join NUPENG only to transfer them out of the refinery angry

...

That refinery is now a parasite to Nigerians...Fact

1 Like

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by nairalanda1(m): 5:39pm On May 31

buygala:
How many of those communist countries aside Russia had their own crude oil?

Let's see...Azerbaijan, Khazakstan, Romania,

And how many of those local refineries were built through massive FX subsidy by Government ?

LOL,...you don't get it

Russia has massive crude oil deposits...how many times have you heard Russians complain about fuel prices despite the Iran war?

Well, the Russians adopted capitalism and a diversifed economy, and also pay subsides to producer, not the consumption subsides you guys like
Plus the subsides are straining the economy. It's not like the government can magic money out of the air to pay for them. And then there is the war in Ukraine.

Again, Russia has a diversifed economy, not like your country that is a one trick pony on oil revenues.

13 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by nairalanda1(m): 5:43pm On May 31

buygala:
Tale of two thieves conniving to rob the country blind ...

When I knew this country is gone is when I read here a few days ago that Dangote is the largest exporter of Jet fuel in the world..

Meanwhile our domestic airline industry is near comatose due to very high cost of jet fuel ..Yet Dangote obviously has more than enough Jet fuel to export ....

We have locally sourced crude oil and a "local" refinery which is being fed by that local crude (or should be if it's not)...yet a scramble in far-away Iran has sent local fuel prices over the roof ...Now I have been forced to know more about Iran and the Strait of Hormuz than my hometown

So what is the average Nigerian's benefit from the highly subsidized FX that Dangote got from our Central Bank to build that Refinery if that "local" refinery prioritizes international export over local stability?

Meanwhile kerosene which is a very close sibling to jet fuel is now 4k naira per liter

Dangote is a goddamn Shylock, while NNPC and co are his accomplices...At times, I think Nigeria will have been better off without that Dangote refinery..Every other day Dangote is reducing fuel price by 25 naira and increasing it the next day by 55 naira, taking everyone of us for a ride....Aboki wey no get one liter of oil for i village na im dey take us play pingpong like that?

Let's start by correcting your impression that Dangote is on subsidized crude. He is not. He is buying crude from oversease, and he also relies on domestic crude

Your domestic supplier has to sell at international prices, because OPEC and because they compete with the crude drillers abroad. If they cannot pay competitive salaries, and pay for maintenance and upgrades to the rigs....PLUS...government gets most of its revenue from...you guessed it, every crude oil sold in Nigeria to domestic and foreign suppliers. A subsidy on domestic crude would be like offing the goose that lays the golden egg...revenues would fall, and more loans would be taken

You should stop living on the fantasy of cheap fuel

Ghana has two working refineries, as does Niger republic. NO subsides, both worked, for at least 2 decades.

6 Likes

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by atobs4real(m): 5:48pm On May 31

I don't like reading anything that has to do with NNPC AND DANGOTE

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by frog12: 5:51pm On May 31

Ghana has 2 refineries for 2 decades?
and when did Ghana discover oil? grin

comon

nairalanda1:
Let's start by correcting your impression that Dangote is on subsidized crude. He is not. He is buying crude from oversease, and he also relies on domestic crude

Your domestic supplier has to sell at international prices, because OPEC and because they compete with the crude drillers abroad. If they cannot pay competitive salaries, and pay for maintenance and upgrades to the rigs....PLUS...government gets most of its revenue from...you guessed it, every crude oil sold in Nigeria to domestic and foreign suppliers. A subsidy on domestic crude would be like offing the goose that lays the golden egg...revenues would fall, and more loans would be taken

You should stop living on the fantasy of cheap fuel

Ghana has two working refineries, as does Niger republic. NO subsides, both worked, for at least 2 decades.

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by buygala(m): 5:52pm On May 31

nairalanda1:
Let's see...Azerbaijan, Khazakstan, Romania,

LOL,...you don't get it

Well, the Russians adopted capitalism and a diversifed economy, and also pay subsides to producer, not the consumption subsides you guys like

Again, Russia has a diversifed economy, not like your country that is a one trick pony on oil revenues.

Lol. The countries you mentioned are all aside Romania, were all part of the USSR, which was the major Communist block for a very long time, of which Russia is the biggest chunk of that union...That being said, how many of those countries have u heard them complain about fuel prices?

About Russia being a capitalist society, maybe you should read about crony capitalism, which is closer to socialism nor Communism than capitalism...That's what Russia operates....Unless of course you wish to show clear and multiple similarities between Russia's system of government and that of the US, which is the best example of a capitalist country.

Per Diversification, Nigeria is a major exporter of rare earth minerals, and even gold, aside agric produce..The government has also diversified into taxing us blind....So what other Diversification do you think we need?

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by buygala(m): 5:57pm On May 31

nairalanda1:
Let's start by correcting your impression that Dangote is on subsidized crude. He is not. He is buying crude from oversease, and he also relies on domestic crude

Your domestic supplier has to sell at international prices, because OPEC and because they compete with the crude drillers abroad. If they cannot pay competitive salaries, and pay for maintenance and upgrades to the rigs....PLUS...government gets most of its revenue from...you guessed it, every crude oil sold in Nigeria to domestic and foreign suppliers. A subsidy on domestic crude would be like offing the goose that lays the golden egg...revenues would fall, and more loans would be taken

You should stop living on the fantasy of cheap fuel

Ghana has two working refineries, as does Niger republic. NO subsides, both worked, for at least 2 decades.

Kindly point out where I said Dangote is on subsidized crude

Then I can address the other issues you raised.

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by jasontrigga(m): 5:58pm On May 31

Dangote has turn out to be a curse to Nigerians rather than a blessing

Non of his products is affordable or subsidized
For common Nigerian as a way of giving back to the society
I’ve never seen a heartless capitalist like Dangote

Even Elon and others always find a way to subsidize things for their citizens

If Dangote was the sole producers of phones
Phone would’nt be accessible to Nigerians

Very greedy and selfish man
Calling himself capitalist

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by frog12: 6:02pm On May 31

that time we dey speak, you dey abuse us.

See yourself now tongue

jasontrigga:
Dangote has turn out to be a curse to Nigerians rather than a blessing

Non of his products is affordable or subsidized
For common Nigerian as a way of giving back to the society
I’ve never seen a heartless capitalist like Dangote

Even Elon and others always find a way to subsidize things for their citizens

If Dangote was the sole producers of phones
Phone would’nt be accessible to Nigerians

Very greedy and selfish man
Calling himself capitalist

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by Iykenuwa(m): 6:03pm On May 31

HacheNoire:
I am inlove with your blunt expression!

You nailed it without mincing words!

They believe their problems comes from Dangote but won’t blame the likes of NNPC, Total, Agip, Mobil or Chevron for not building one despite the trillions they have milked from this country over decades.

….but Dangote the new player is the problem.

Read the comment below yours for some education.

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by fineboynl(m): 6:03pm On May 31*

This publication is a sponsored one.

Dangote greed is killing Nigeria. Crude oil have crashed internationally

The right thing was for the government to pay dangote refinery the refining cost. And the government control the price for Nigeria market as a kind of subsidies. Not allowing dangote to buy crude refined and sell anyhow to Nigerians.

Why is dangote not accepting refining cost. What is he afraid of? For domestic market he should accept refining cost from NNPC while that is dyed to red or yellow. The one he wants to produce and sell to international market should be a clear colour.

And at-least the fuel can be traced.

Government should never allow him to sell to domestic market. That is already affecting Nigeria and it economy.

Before the Iran war oil was 70$. And at the peak of the war when it reach 160$ fuel jump to 1400.

Now crude is 80$ fuel is still selling for 1400. What rubbish excuse?

What ever he thinks is good for the refining cost no matter how high it is he should tell the government and Nigerians. Not under any excuse of crude oil price as disguise to be increasing fuel every market day. The economy is dying.

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by Tareq1105: 6:05pm On May 31

The truth is Dangote is a dangerous business man that should be tamed. He made cement to be this expensive with his pull down competitors mentality. He wants the petroleum sector to be left for only him to operate which no reasonable government would allowed.

buygala:
Tale of two thieves conniving to rob the country blind ...

When I knew this country is gone is when I read here a few days ago that Dangote is the largest exporter of Jet fuel in the world..

Meanwhile our domestic airline industry is near comatose due to very high cost of jet fuel ..Yet Dangote obviously has more than enough Jet fuel to export ....

We have locally sourced crude oil and a "local" refinery which is being fed by that local crude (or should be if it's not)...yet a scramble in far-away Iran has sent local fuel prices over the roof ...Now I have been forced to know more about Iran and the Strait of Hormuz than my hometown

So what is the average Nigerian's benefit from the highly subsidized FX that Dangote got from our Central Bank to build that Refinery if that "local" refinery prioritizes international export over local stability?

Meanwhile kerosene which is a very close sibling to jet fuel is now 4k naira per liter

Dangote is a goddamn Shylock, while NNPC and co are his accomplices...At times, I think Nigeria will have been better off without that Dangote refinery..Every other day Dangote is reducing fuel price by 25 naira and increasing it the next day by 55 naira, taking everyone of us for a ride.

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by LagbajaTheBEREAN: 6:09pm On May 31

Iykenuwa:
The author probably forgot to mention that the write up is proudly sponsored by Dangote.

Is he afraid of competition?

Casted! I can't laugh. This is hilarious.

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by LagbajaTheBEREAN: 6:09pm On May 31

buygala:
Tale of two thieves conniving to rob the country blind ...

When I knew this country is gone is when I read here a few days ago that Dangote is the largest exporter of Jet fuel in the world..

Meanwhile our domestic airline industry is near comatose due to very high cost of jet fuel ..Yet Dangote obviously has more than enough Jet fuel to export ....

We have locally sourced crude oil and a "local" refinery which is being fed by that local crude (or should be if it's not)...yet a scramble in far-away Iran has sent local fuel prices over the roof ...Now I have been forced to know more about Iran and the Strait of Hormuz than my hometown

So what is the average Nigerian's benefit from the highly subsidized FX that Dangote got from our Central Bank to build that Refinery if that "local" refinery prioritizes international export over local stability?

Meanwhile kerosene which is a very close sibling to jet fuel is now 4k naira per liter

Dangote is a goddamn Shylock, while NNPC and co are his accomplices...At times, I think Nigeria will have been better off without that Dangote refinery..Every other day Dangote is reducing fuel price by 25 naira and increasing it the next day by 55 naira, taking everyone of us for a ride.

Abracadabra is a Nigerian thing.

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by nairalanda1(m): 6:12pm On May 31

buygala:
Kindly point out where I said Dangote is on subsidized crude

Then I can address the other issues you raised.

I don;t think you are interested in a discussion

Plus dangote isn't on subsidsied forex, that thing ended ages ago..plus his refinery was built mostly with bank loans and so forth

It's no use, you want cheap fuel.

Good night.

Re: NNPC, Dangote And The Battle Over Nigeria’s Fuel Future by Esthered: 6:13pm On May 31

I notice that Dangote only reduces price when imports land at a cheaper rate.
If they stop importation of fuel, who'll check and comtrol his pricing?
The way they opened import to allow rice to be cheap, they need to do same for cement, vegetable and palm oil.

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