DANGOTE REFINERY MAY NOT BRING DOWN FUEL PRICES – NLC

The Nigerian Labour Congress (NLC) says the recently launched Dangote Petrol Refinery may not take complete care of the needs of Nigerians and may not bring down prices of petroleum products in the country.

Speaking on Channels Television’s Sunrise Daily on Wednesday amid the fuel subsidy removal controversy, the NLC President, Joe Ajaero, said the Dangote Refinery is commendable but it might not be the answer to the issues confronting the petroleum sector.

Ajaero said, “First, I commend Dangote Refinery but the provision of having dictatorship of the market especially in the private sector is dangerous. Now that is what we are experiencing in the area of cement production. What is Dangote Refinery going to produce? Will it be enough?

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“He has done enough to build a refinery. If three or four companies like that are refining then you are talking of competition.

“So, I think while we commend Dangote as a good Nigerian, we are talking about competition, we are talking of deregulation. So Dangote has done well, but can Dangote take care of 30% of the needs of Nigerians?” Ajaero queried.