Aliko Dangote, President of Dangote Group and founder of the Dangote Petroleum Refinery, has hinted at an impending “shakeup” in Nigeria’s downstream oil sector.
Speaking after President Bola Tinubu’s recent tour of the $20 billion Lekki-based refinery, Dangote revealed that a significant announcement is forthcoming, one that he described as a major “shakedown” across the country.
He clarified that the initiative won’t be about slashing fuel prices but rather a complete restructuring of the downstream segment.
“Now that the President has visited and boosted our momentum, expect to hear from us very soon,” Dangote told journalists. “It’s going to be one of the biggest changes in the country—not a price cut, but a full-scale overhaul.” (Businessday)