Close Menu
Vardiafrica
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Air Force One to Be Repainted For the First Time in 50 Years in President Trump’s Preferred Colors

February 18, 2026

Tinubu Issues Executive Order To Safeguard Oil And Gas Revenues, Direct Payments To Federation Account

February 18, 2026

President Tinubu signs Electoral Act Amendment Bill 2026 into law

February 18, 2026
Facebook X (Twitter) Instagram
Trending
  • Air Force One to Be Repainted For the First Time in 50 Years in President Trump’s Preferred Colors
  • Tinubu Issues Executive Order To Safeguard Oil And Gas Revenues, Direct Payments To Federation Account
  • President Tinubu signs Electoral Act Amendment Bill 2026 into law
  • Remittance of 1% Nigerian Content Levy Still Mandatory – NCDMB
  • ‘Promote Peace, Pray For Security Of Our Nation,’ Tinubu Tells Nigerians At Lent, Ramadan
  • SAIPEC 2026: NCDMB sets agenda for Africa’s local content future
  • Social media suspended in Gabon ‘until further notice’
  • Senate Amends Electoral Act to Grant INEC Timetable Flexibility Amid Ramadan Concerns
Facebook X (Twitter) Instagram
VardiafricaVardiafrica
Demo
  • Home
  • Politics
    • Africa
    • Asia
    • Europe
    • US & Canada
    • World
  • Lifestyle
    • Entertainment
    • Film & Drama
    • Ent & Arts
  • Science
    • Health Science
    • Luxury
  • Finance
Vardiafrica
Home»Oil & Gas»NLC Commends Dangote Refinery, Urges FG to Sell Crude in Naira to Reduce Fuel Prices
Oil & Gas

NLC Commends Dangote Refinery, Urges FG to Sell Crude in Naira to Reduce Fuel Prices

VardiafricaBy VardiafricaAugust 13, 2025Updated:August 13, 2025No Comments1 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Nigerian Labour Congress (NLC) has hailed the Dangote Petroleum Refinery as a transformative national asset, calling it a vital step in bridging Nigeria’s fuel supply gap, boosting employment, and restoring public confidence in the country’s industrial capacity.

Speaking during a tour to the refinery and Dangote Fertiliser Limited, the Chairman of the Nigeria Labour Congress, Lagos State chapter, Comrade Funmi Sessi, praised the massive scale and strategic significance of the Dangote Group’s investments, stating that the projects are delivering tangible benefits to the Nigerian people.

“Today, we have seen the massive Dangote Refinery project, as well as the fertiliser plant. We have also observed some of Dangote’s other investments in this axis. It is truly enormous and highly impressive,” said the NLC chairperson. “I believe what we have seen is a clear effort to bridge the gap in the availability of essential products in the country and to create job opportunities for Nigerians and others as well as industrialise the country.”

The union acknowledged that following the Federal Government’s removal of petrol subsidies, Nigerians experienced an unprecedented surge in the cost of Premium Motor Spirit (PMS). However, the entrance of Dangote Petroleum Refinery into the market helped to stabilise prices.

“It wasn’t until Dangote came into the picture that we started seeing some relief. His intervention significantly crashed the escalated prices of PMS and other refined products. That’s a clear demonstration of private sector leadership,” she stated.

The NLC made a direct appeal to the FG to prioritise the sale of crude oil to the Dangote Refinery in naira. The union argued that forcing the company to import crude or purchase locally in dollars undermines the promise of lower fuel prices for ordinary Nigerians.

“This country has crude oil in abundance. So why is Dangote still being made to import crude or pay for it in hard currency?” the NLC queried. “If the government is truly committed to reducing fuel prices and supporting local refining, it must sell crude oil to Dangote in naira.”

The union stressed that sourcing crude locally in local currency would significantly lower operational costs and, by extension, lead to a more sustainable reduction in fuel prices.

“With a daily capacity of 650,000 barrels, this refinery can serve Nigeria and even the West African sub-region. We also seen big ships taking fertilisers to other countries. The government must maximise”

The NLC lauded Alhaji Aliko Dangote for achieving a fully functional, world-class refinery capable of meeting both domestic and regional demands for refined petroleum products.

“When government-owned refineries failed, one man stepped up. Aliko Dangote didn’t just make promises; he fulfilled them. He has proven that Nigeria can not only refine its own products but also meet international quality standards,” she added.

The union also hailed the refinery’s production of Euro 5-compliant fuel, which features significantly reduced sulphur content, aligning with international environmental standards and boosting Nigeria’s credibility in the global petroleum market.

“This is the kind of pride we want to see — a Nigerian company producing at global standards. It is changing the narrative and elevating Nigeria’s position globally. It’s time the government supports and maximises the capacity of this asset”

In addition to fuel, the NLC noted the group’s fertiliser company, which is already exporting to international markets. It urged the government to leverage these capabilities to enhance food security and reduce dependence on imported agricultural inputs.

Vice President, Oil and Gas, Dangote Industries Limited, Mr Devakumar Edwin, said the planned deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to support the distribution of refined petroleum products across Nigeria is aimed at ensuring that the benefits of domestic refining and the resulting reduction in fuel prices are fully passed on to Nigerian consumers.

Mr Edwin stated that the introduction of the CNG-powered fleet is a strategic step to reduce logistics costs in fuel distribution — a major factor in the final pump price.

“The deployment of these 4,000 CNG-powered trucks will help us pass down the benefits of domestic refining and the reduction in product prices to consumers,” Edwin said. “The aim is to support logistics and make distribution more efficient, not to displace any existing players in the sector.”

He further explained that the use of CNG-powered trucks, in addition to being more environmentally friendly, will significantly reduce transportation expenses, ultimately making refined products more affordable for Nigerians.

Edwin also highlighted the wider impact of Dangote’s industrial ventures, particularly in stimulating competition and growth in key sectors of the Nigerian economy. He cited the Dangote Sugar Refinery as an example, noting that its success paved the way for other companies, including BUA Group and Nigerian Flour Mills to invest in sugar production.

“We’ve seen it with sugar, and we’ve seen it with cement. The success of Dangote Cement led to the emergence of players like BUA, Mangal, and the expansion of Lafarge,” he said. “In the same way, the success of this refinery will drive the emergence of more private refineries in Nigeria.”

According to him, the Dangote Refinery is not only helping to address Nigeria’s long-standing reliance on imported refined products but is also setting the pace for a sustainable and competitive refining industry that will benefit the broader economy.

He noted that the Dangote Group has become a nurturing ground for Nigerian engineers, scientists and technicians, many of whom have gone on to work as expatriates in various countries. He assured the labour leaders of the company’s steadfast commitment to human capital development, staff welfare, and the overall wellbeing of the economy, emphasising that Aliko Dangote is a patriotic Nigerian fully dedicated to the nation’s progress

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Vardiafrica
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

Remittance of 1% Nigerian Content Levy Still Mandatory – NCDMB

February 18, 2026

SAIPEC 2026: NCDMB sets agenda for Africa’s local content future

February 18, 2026

Dangote makes history, becomes first refinery in the World to hit 650,000bpd capacity

February 12, 2026

Leave A Reply Cancel Reply

Top Posts

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202495

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202549

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 202543

You rejected party structure’ – PDP knocks Fubara, says Rivers Gov, Bala Mohammed may face disciplinary action

October 15, 202442
Don't Miss
World
World By VardiafricaFebruary 18, 20263 Mins Read0

Air Force One to Be Repainted For the First Time in 50 Years in President Trump’s Preferred Colors

By VardiafricaFebruary 18, 20260 World Updated:February 18, 202603 Mins Read

The US presidential jet is getting a new paint design that will include one of…

Tinubu Issues Executive Order To Safeguard Oil And Gas Revenues, Direct Payments To Federation Account

February 18, 2026

President Tinubu signs Electoral Act Amendment Bill 2026 into law

February 18, 2026

Remittance of 1% Nigerian Content Levy Still Mandatory – NCDMB

February 18, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the verified news.

Email Us: info@vardiafrica.com
Contact: +234 905 338 5856

Facebook X (Twitter) Instagram YouTube WhatsApp
Our Picks

Air Force One to Be Repainted For the First Time in 50 Years in President Trump’s Preferred Colors

February 18, 2026

Tinubu Issues Executive Order To Safeguard Oil And Gas Revenues, Direct Payments To Federation Account

February 18, 2026

President Tinubu signs Electoral Act Amendment Bill 2026 into law

February 18, 2026
Most Popular

FG exempts SMEs, farmers, manufacturers from paying withholding tax

July 2, 202495

Trump set for White House return, vows to sign 100 Executive Orders in ‘Hours’ 

January 20, 202549

Nigeria Takes Over G-24 Leadership, Pledges Push For Global Economic Reforms

October 15, 202543

Type above and press Enter to search. Press Esc to cancel.