Tagged:

Dangote Urges Halt To Petroleum Import, Says Nigeria Has Enough

The billionaire Nigerian oil magnate, Aliko Dangote, has questioned why the state-owned Nigeria National Petroleum Company Limited (NNPC) and private retailers still import petroleum products when his refinery can "produce enough". Dangote said his company has more than 500 million liters of petroleum in stock, "which is more than enough to serve Nigeria if retailers buy from it".

Some analysts are, however, skeptical about whether the quantity was enough to service the needs of Nigerians. In recent months, Dangote's company, the Dangote Group, has been at loggerheads with the NNPC and some private oil firms over control of the petroleum market. 

Afreximbank

Aliko Dangote, Président et Directeur général du groupe Dangote

InFocus

Follow AllAfrica

AllAfrica publishes around 600 reports a day from more than 110 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.