2 months ago
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The House of Representatives has told Aliko Dangote, the owner Dangote Refinery, to disclose the cost he is selling petroleum from his refinery to NNPC Limited and other major marketers.
The lawmakers also asked NNPC to disclose the amounts the refinery is paying for crude oil.
This resolution followed a motion moved by Oboku Oforji on Thursday during plenary.
DAILY POST reports that there has been dispute between NNPC Limited and Dangote Refinery over the cost per litre of petrol from the refinery.
NNPC Limited has claimed to be buying petrol at N898/litre from Dangote, however, the refiner disputed the figure, stating that it is selling less than the amount.
To address challenges surrounding the distribution of its products, the lawmakers urged the management of Dangote Refinery to build, acquire or partner to get Tank Farms or depot across the geo-political zones in the country.
In the motion, Oforji commended the refinery for its impact on energy sovereignty of the country.
“Nigeria is driving towards energy self-sufficiency, cost and foreign exchange savings, meeting the increasing demand for fuels, attraction of foreign capital investment, generation of Forex through export of finished product,” he said.
To achieve sustainability, Oforji said Dangote Refinery should sell products directly to the independent marketers.
The motion was adopted unanimously by the lawmakers.
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