President Bola Tinubu recently urged Nigerian fuel marketers to source their fuel directly from the Dangote Refinery, emphasizing local supply over imports. This directive aligns with the government’s recent policy shift allowing marketers to bypass the Nigerian National Petroleum Company Limited (NNPC) and purchase refined products straight from Dangote’s facility. This move is part of broader efforts to boost local production and reduce reliance on imports, aiming for a more competitive and deregulated fuel market.
The Dangote Refinery, which recently started operations, is positioned to supply the Nigerian market directly, potentially stabilizing fuel availability and prices. While there have been ongoing disputes between NNPC and Dangote Refinery over pricing, the Federal Government has clarified that it will not intervene, allowing market forces to dictate the prices under deregulation. The expectation is that direct purchases will reduce distribution costs, ultimately benefiting consumers
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