Aliko Dangote, the president of the Dangote Group, has proposed to settle claims of industry monopoly by selling the Dangote Refinery to the Nigerian National Petroleum Corporation Limited (NNPCL).
Dangote spoke candidly about his willingness to sell in an exclusive interview with Premium Times, seeing it as a way to dispel these charges and alleviate the nation’s fuel crisis.
“Let them (NNPCL) buy me out and run the refinery the best way they can. They have labelled me a monopolist. That’s an incorrect and unfair allegation, but it’s OK. If they buy me out, at least, their so-called monopolist would be out of the way,” Dangote stated.
He emphasised the long-standing fuel crisis in Nigeria and his belief that the Dangote Refinery could be instrumental in resolving the issue.
However, he noted that some individuals seem uncomfortable with his involvement in the sector.
“We have been facing fuel crisis since the 70s. This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture. So I am ready to let go, let the NNPC buy me out, run the refinery,” he added.
This came after Farouk Ahmed, the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, asserted that the Dangote refinery had asked the regulator to cease granting import licences to other marketers in order to become Nigeria’s exclusive fuel supplier.
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