The Dangote Group, under the leadership of Aliko Dangote, has praised President Bola Ahmed Tinubu for the positive effects of the naira-for-crude swap policy on Nigeria’s economy.
This initiative has significantly contributed to a reduction in the prices of petroleum products across the country.
In a bid to provide relief to Nigerians, Dangote Refinery recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its loading gantry, offering favorable credit terms to marketers.
To ensure these benefits reach the end consumers, Dangote Refinery has partnered with MRS to sell PMS at N935 per litre through its retail outlets nationwide. According to Dangote, this pricing has already taken effect in Lagos and will be available across the country starting Monday.
“We call on other marketers, including NNPC Retail and other industry players, to collaborate with us in ensuring that Nigerians have access to high-quality petrol at discounted prices,” Dangote said.
He emphasized that the refinery is committed to benefiting Nigerians, adding:
“The Dangote Refinery is dedicated to providing affordable, high-quality petroleum products that are good for vehicles, health, and the economy. We will continue to work with value chain partners to achieve this goal.
READ ALSO:
2024 National Oral Health Week: FG Intensifies Efforts to Eradicate NOMA in Nigeria
Warrant of Arrest Looms for Ignoring Committee Invitation – Senate Warns Galaxy Backbone
“It is noteworthy that the Federal Executive Council (FEC), led by President Tinubu, approved the naira-for-crude swap policy in September, which became effective on October 1. This policy has eased pressure on the dollar, stabilized the naira, and enhanced the domestic refining sector.’
Aliko Dangote expressed gratitude to Nigerians for their steadfast support and to the government for fostering a conducive environment for local refining.
He reaffirmed the refinery’s commitment to ensuring affordable, high-quality fuel for all Nigerians.
