Africa's Wealthiest Man Dangote Explains Why Petrol Prices Went Up in Nigeria

President of Dangote Industries, Aliko Dangote, says the high cost of petrol in Nigeria is partly due to the continued smuggling of the product into neighbouring countries.According to him, petrol sells 30% to 50% higher outside Nigeria, creating a strong financial incentive for traders to move the commodity across the borders.He explained that as long as the price gap remains wide, smugglers

  General   Sep 16, 2026   0   3  Add to Reading List












President of Dangote Industries, Aliko Dangote, says the high cost of petrol in Nigeria is partly due to the continued smuggling of the product into neighbouring countries.According to him, petrol sells 30% to 50% higher outside Nigeria, creating a strong financial incentive for traders to move the commodity across the borders.He explained that as long as the price gap remains wide, smugglers
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