Billionaire businessman and chairman of Geregu Power, Femi Otedola, has said that with Dangote Refinery’s commencement of petrol refining, the era of fuel queues caused by scarcity was over.
Otedola lauded President Bola Tinubu for making the dream a reality, saying queues at filling stations will now be a thing of the past.
He said:
Otedola, also the chairman of FBN Holdings Plc, said Tinubuâs support for the Dangote Refinery was revolutionary.
The billionaire disclosed this on X, stating that the presidentâs support for the refinery had been instrumental to the project’s success.
Otedolaâs message comes amid a growing feud between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPC) over petrol pricing from the facility.
The Dangote Refinery had insisted that it did not sell petrol to the NNPC at N898 per litre and that its product was cheaper than imported petrol.
The NNPC, on the other hand, released a petrol price list across the country, claiming to have bought the product from the Dangote Refinery at N989 per litre and would sell for between N950 and N1,050 per litre across the country.
TimesNow.com.ng earlier reported that the minister of finance and coordinating minister of the economy, Wale Edun, has expressed hope for a crash in the fuel pump prices, stating that the Nigerian government is giving parties time to adjust petrol costs.
The development comes amid the lifting of petrol by the Nigerian National Petroleum Company Limited (NNPC) from the Dangote Refinery on Sunday, September 15, 2024.
The minister, who was present at the petrol lifting by Dangote, praised the Dangote Group chairman, Aliko Dangote and his team for the feat.
Proofreading by Nkem Ikeke, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
