Stella Dimoko Korkus.com: Billionaire Businessman Says His Refinery Will Reduce Fuel Price In Nigeria

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Friday, June 14, 2024

Billionaire Businessman Says His Refinery Will Reduce Fuel Price In Nigeria

The Chairman of Dangote Group, Aliko Dangote, has said his $20 billion 650,000 barrels per day Lagos-based refinery will crash the price of fuel as it reduced the price of diesel in Nigeria.


Dangote disclosed this at a recent Afreximbank Annual Meetings and AfriCaribbean Trade and Investment Forum in Nassau, The Bahamas.
Asked to speak on whether or not his refinery would crash the pump price of petrol, which sells at an average of N700 per liter, Dangote gave no affirmative answer, explaining how the price of diesel fell from 1,700 to N1,200 when his diesel flooded the Nigerian market.

from dailypost

25 comments:

  1. This is a welcome development. I wish the refinery can start sales sooner.

    TWE 🙏

    ReplyDelete
  2. The two paragraphs of the article carry conflicting information.

    ReplyDelete
    Replies
    1. I wonder if it was the front page story.

      Delete
  3. I pray o!
    God, let this be possible.🙏🙏

    The masses are really suffering.😎

    ReplyDelete
  4. Amen. I know naija will be great again 👍👍👌

    ReplyDelete
  5. Make we dey play. The way his cement factory reduced the price of cement. He gets his raw material for cement in Nigeria yet his cement is more expensive in Nigeria than other countries. The way his sugar, factory reduced the price of sugar. What of his other factories in Nigeria. One thing is sure. Nothing last forever.

    ReplyDelete
  6. Actions speaks louder and better. We await the flooding of your fuel into the Nigeria market.

    ReplyDelete
    Replies
    1. A lot of our comments (because it shows our reasoning capacity)always leaves me weak, sad and occasionally frustrated.

      Action speaks louder than words? My goodness!

      Delete
  7. The refinery should start working already na, they keep postponing.

    ReplyDelete
    Replies
    1. Bv Osundi,

      Please run a business of this magnitude and let's watch you do so without glitches!

      Delete
    2. A refinery is not a soft drink factory and even that takes time to set up and keep running.

      Delete
  8. Hopefully

    ReplyDelete
  9. Was there ever a time when Diesel sold for #1,700? Everybody just dey cash out, taking advantage of the bad situation of the country.

    ReplyDelete
    Replies
    1. 12:47,

      For you to write this, means you did not personally buy or pay for diesel.

      Otherwise, you will know that for a few months, diesel sold for between 1600 -1800/litre. Then thankfully, it started to drop.

      Delete
  10. Replies
    1. Honest about what please?

      A man invests billions of dollars, his reputation, his mental and physical health and he will lie?

      For what exactly? Some of you though.....

      Delete
  11. I pray so,it will be a welcomed development

    ReplyDelete
  12. Replies
    1. Lol Gifty,

      I am certain he does not give a flying fig. Sigh!

      Delete

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